Civic Intelligence

South Burlington Community Housing Corporation

990 • Fiscal year 2018 • EIN 31-1674463

Oct 01, 2017 to Sep 30, 2018 • Filed on Jan 23, 2019

412 Farrell Street No 100South Burlington, VT 05403

(802) 651-0886

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.01x

Higher debt load relative to assets than 40% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.05x

Higher debt load relative to revenue than 57% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

32nd percentile

-2.7%

Higher net margin than 32% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$127,735

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 82.4% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

41st percentile

-1.0%

Faster asset growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

61st percentile

10%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$704,973

Down $6,776 (-1.0%) from 2017

Net Assets

Down

$696,985

Down $4,262 (-0.6%) from 2017

Liabilities

Down

$7,988

Down $2,514 (-24%) from 2017

Revenue

Up

$155,048

Up $14,431 (+10%) from 2017

Expenses

Down

$159,310

Down $3,081 (-1.9%) from 2017

Net Income

Up

-$4,262

Up $17,512 (+80%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2013: $794,475Liabilities 2013: $13,775Net Assets 2013: $780,7002013Assets 2014: $773,100Liabilities 2014: $15,686Net Assets 2014: $757,4142014Assets 2015: $763,516Liabilities 2015: $21,497Net Assets 2015: $742,0192015Assets 2016: $739,472Liabilities 2016: $16,451Net Assets 2016: $723,0212016Assets 2017: $711,749Liabilities 2017: $10,502Net Assets 2017: $701,2472017Assets 2018: $704,973Liabilities 2018: $7,988Net Assets 2018: $696,9852018Assets 2019: $683,883Liabilities 2019: $9,450Net Assets 2019: $674,4332019Assets 2020: $674,881Liabilities 2020: $10,453Net Assets 2020: $664,4282020Assets 2021: $663,085Liabilities 2021: $11,488Net Assets 2021: $651,5972021Assets 2022: $643,164Liabilities 2022: $15,755Net Assets 2022: $627,4092022Assets 2023: $617,065Liabilities 2023: $44,959Net Assets 2023: $572,1062023Assets 2024: $592,320Liabilities 2024: $29,890Net Assets 2024: $562,4302024Assets 2025: $583,315Liabilities 2025: $34,388Net Assets 2025: $548,9272025

Highlighted filing

2018

Assets$704,973
Liabilities$7,988
Net Assets$696,985

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2013: $152,1952013Revenue 2014: $131,759Expenses 2014: $155,045Net Income 2014: -$23,2862014Revenue 2015: $136,633Expenses 2015: $152,028Net Income 2015: -$15,3952015Revenue 2016: $137,947Expenses 2016: $156,945Net Income 2016: -$18,9982016Revenue 2017: $140,617Expenses 2017: $162,391Net Income 2017: -$21,7742017Revenue 2018: $155,048Expenses 2018: $159,310Net Income 2018: -$4,2622018Revenue 2019: $163,759Expenses 2019: $186,311Net Income 2019: -$22,5522019Revenue 2020: $161,765Expenses 2020: $171,770Net Income 2020: -$10,0052020Revenue 2021: $167,053Expenses 2021: $179,884Net Income 2021: -$12,8312021Revenue 2022: $159,658Expenses 2022: $183,846Net Income 2022: -$24,1882022Revenue 2023: $150,483Expenses 2023: $205,786Net Income 2023: -$55,3032023Revenue 2024: $209,708Expenses 2024: $219,384Net Income 2024: -$9,6762024Revenue 2025: $205,735Expenses 2025: $219,238Net Income 2025: -$13,5032025

Highlighted filing

2018

Revenue$155,048
Expenses$159,310
Net Income-$4,262
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jan 23, 2019
Return Version
2017v2.3
Gross Receipts
$155,048
Mission and Program Overview

Mission

Operation of a 10 unit housing project for low income tenants under age 62 who have mobility impairments

Operation of a 10 unit housing project for low income tenants under age 62 with mobility impairments

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$675,512$653,113▼ $22,399
Savings and Temporary Cash Investments$27,933$41,665▲ $13,732
Prepaid Expenses and Deferred Charges$2,129$2,205▲ $76
Accounts Receivable$246$226▼ $20
Cash and Non-Interest-Bearing Accounts$2,755$123▼ $2,632
Total Assets$711,749$704,973▼ $6,776
Other Assets Total$3,174$7,641▲ $4,467
Liabilities
Other Liabilities$4,480$4,258▼ $222
Deferred Revenue$2,674$2,785▲ $111
Accounts Payable and Accrued Expenses$3,348$945▼ $2,403
Total Liabilities$10,502$7,988▼ $2,514
Net Assets / Fund Balance
Temporarily Rstr Net Assets$632,700$632,700→ $0
Permanently Rstr Net Assets$226,482$226,482→ $0
Unrestricted Net Assets$-157,935$-162,197▼ $4,262
Total Net Assets Fund Balance$701,247$696,985▼ $4,262
Total Liabilities and Net Assets / Fund Balance$711,749$704,973▼ $6,776

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$609,383$480,230$1,089,613
Land$43,730-$43,730
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kim FitzgeraldCEO$127,735$127,735

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$106,130
Program Service Revenue
$48,852
Investment Income
$66
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$-4,262

Audited Revenue Reconciliation

Revenue per Audited Statements
$155,048
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$155,048
Total Revenue per Form 990
$155,048
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$159,310
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$30,974--$30,974
Other Expenses$14,448--$14,448
All Other Expenses$12,067--$12,067
Fees for Services Accounting$7,752--$7,752
Insurance$6,763--$6,763
Fees for Services Management$6,720--$6,720
Office Expenses$1,701--$1,701
Advertising$312--$312
Total Functional Expenses$159,310$0$0$159,310

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$159,310
Total Expenses per Audited Statements$159,310
Total Expenses per Form 990$159,310
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$3,070
Accrued Liabilities$1,188
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Cathedral square corporation - management company

Form 990, Part VI, Section A, Line 7A

MEMBERS ELECT BOARD

Form 990, Part VI, Section A, Line 7B

Decisions are subject to approval by members

Form 990, Part VI, Section B, Line 11B

The 990 is prepared by the auditors with the assistance of the controller. The controller reviews the completed form 990, and remits it to the executive director for final review and approval.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request

Filing and Contact Details

Filer

Filer Name
South Burlington Community Hsg
EIN
31-1674463
Phone
8026510886
Address
412 FARRELL STREET NO 100, SOUTH BURLINGTON, VT 05403

Signing Officer

Name
Kim Fitzgerald
Title
CEO
Phone
8026510886
Signed
2019-01-23

Organization Details

Principal Officer
Kim Fitzgerald
Formed
1999
Legal Domicile
Vt
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Otis Atwell
Address
324 GANNETT DRIVE, SOUTH PORTLAND, ME 04106
Phone
2077801100
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IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt048852
IRS990/SavingsAndTempCashInvstGrp/BOYAmt027933
IRS990/SavingsAndTempCashInvstGrp/EOYAmt041665
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0106130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt091225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt088870
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0102131
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt097272
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0485628
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt066
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt044
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0236
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0180695
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt05525
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt05542
IRS990ScheduleA/OtherIncome170Grp/TotalAmt011067
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97730
IRS990ScheduleA/PublicSupportPY170Pct00.96710
IRS990ScheduleA/PublicSupportTotal170Amt0485628
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0106130
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt091225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt088870
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0102131
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt097272
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0485628
IRS990ScheduleA/TotalSupportAmt0496931
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0609383
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0480230
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01089613
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0159310
IRS990ScheduleD/LandGrp/BookValueAmt043730
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt043730
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03070
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11188
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0155048
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0653113
IRS990ScheduleD/TotalExpensesPerForm990Amt0159310
IRS990ScheduleD/TotalLiabilityAmt04258
IRS990ScheduleD/TotalRevenuePerForm990Amt0155048
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0155048
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0159310
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CATHEDRAL SQUARE CORPORATION - MANAGEMENT COMPANY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS ARE SUBJECT TO APPROVAL BY MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS PREPARED BY THE AUDITORS WITH THE ASSISTANCE OF THE CONTROLLER. THE CONTROLLER REVIEWS THE COMPLETED FORM 990, AND REMITS IT TO THE EXECUTIVE DIRECTOR FOR FINAL REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0030372268
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0VT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0DEVELOPMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0CSC PARTNERS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0412 FARRELL STREET SUITE 100
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0SOUTH BURLINGTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0VT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd005403
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd8N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd9N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd10N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd11N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd12N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd13N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd30
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd40
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd50
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd60
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd70
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd80
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd90
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd100
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd110
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd120
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd130
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0462397393
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1203803179
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2261244473
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN3371459700
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN4900716066
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN5455052301
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN6271612055
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN7261684573
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN8861684573
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN9800969073
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN10471267080

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