Civic Intelligence

Pilgrim Partners Inc.

990 • Fiscal year 2015 • EIN 34-1889800

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 08, 2016

4545 Angola RoadToledo, OH 43615

(419) 380-9535

Siviq Scores

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

Liabilities / Assets

94th percentile

1.26x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

14.70x

Higher debt load relative to revenue than 98% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

9th percentile

-33%

Higher net margin than 9% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

29th percentile

-3.4%

Faster asset growth than 29% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

50th percentile

3.2%

Faster revenue growth than 50% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,617,118

Down $126,887 (-3.4%) from 2014

Net Assets

Down

-$937,457

Down $101,884 (-12%) from 2014

Liabilities

Down

$4,554,575

Down $25,003 (-0.5%) from 2014

Revenue

Up

$309,802

Up $9,491 (+3.2%) from 2014

Expenses

Down

$411,686

Down $897 (-0.2%) from 2014

Net Income

Up

-$101,884

Up $10,388 (+9.3%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $4,170,608Liabilities 2010: $4,557,958Net Assets 2010: -$387,3502010Assets 2012: $3,935,436Liabilities 2012: $4,551,588Net Assets 2012: -$616,1522012Assets 2014: $3,744,005Liabilities 2014: $4,579,578Net Assets 2014: -$835,5732014Assets 2015: $3,617,118Liabilities 2015: $4,554,575Net Assets 2015: -$937,4572015Assets 2016: $3,497,685Liabilities 2016: $4,562,140Net Assets 2016: -$1,064,4552016Assets 2017: $3,373,503Liabilities 2017: $4,564,207Net Assets 2017: -$1,190,7042017Assets 2018: $3,271,373Liabilities 2018: $4,565,650Net Assets 2018: -$1,294,2772018Assets 2019: $3,187,988Liabilities 2019: $4,559,301Net Assets 2019: -$1,371,3132019Assets 2020: $3,121,084Liabilities 2020: $4,563,116Net Assets 2020: -$1,442,0322020Assets 2021: $3,059,613Liabilities 2021: $4,603,168Net Assets 2021: -$1,543,5552021Assets 2022: $2,933,276Liabilities 2022: $4,599,916Net Assets 2022: -$1,666,6402022Assets 2023: $2,811,791Liabilities 2023: $4,571,786Net Assets 2023: -$1,759,9952023Assets 2024: $2,727,444Liabilities 2024: $4,578,162Net Assets 2024: -$1,850,7182024

Highlighted filing

2015

Assets$3,617,118
Liabilities$4,554,575
Net Assets-$937,457

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $397,3742010Expenses 2012: $399,7002012Revenue 2014: $300,311Expenses 2014: $412,583Net Income 2014: -$112,2722014Revenue 2015: $309,802Expenses 2015: $411,686Net Income 2015: -$101,8842015Revenue 2016: $308,832Expenses 2016: $435,830Net Income 2016: -$126,9982016Revenue 2017: $313,296Expenses 2017: $439,545Net Income 2017: -$126,2492017Revenue 2018: $331,411Expenses 2018: $434,984Net Income 2018: -$103,5732018Revenue 2019: $333,053Expenses 2019: $410,089Net Income 2019: -$77,0362019Revenue 2020: $336,252Expenses 2020: $406,971Net Income 2020: -$70,7192020Revenue 2021: $364,073Expenses 2021: $465,596Net Income 2021: -$101,5232021Revenue 2022: $347,845Expenses 2022: $470,930Net Income 2022: -$123,0852022Revenue 2023: $362,792Expenses 2023: $456,147Net Income 2023: -$93,3552023Revenue 2024: $393,153Expenses 2024: $483,876Net Income 2024: -$90,7232024

Highlighted filing

2015

Revenue$309,802
Expenses$411,686
Net Income-$101,884
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 8, 2016
Return Version
2015v2.1
Gross Receipts
$309,802
Mission and Program Overview

Mission

NONE

Provide housing for low and moderate income persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,535,698$3,400,008▼ $135,690
Savings and Temporary Cash Investments$0$189,423▲ $189,423
Cash and Non-Interest-Bearing Accounts$19,642$6,232▼ $13,410
Prepaid Expenses and Deferred Charges$3,550$3,529▼ $21
Accounts Receivable$412$929▲ $517
Total Assets$3,744,005$3,617,118▼ $126,887
Other Assets Total$184,703$16,997▼ $167,706
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,212,300$4,212,300→ $0
Other Liabilities$314,198$315,291▲ $1,093
Accounts Payable and Accrued Expenses$53,080$26,979▼ $26,101
Deferred Revenue$0$5▲ $5
Total Liabilities$4,579,578$4,554,575▼ $25,003
Net Assets / Fund Balance
Unrestricted Net Assets$-835,573$-937,457▼ $101,884
Total Net Assets Fund Balance$-835,573$-937,457▼ $101,884
Total Liabilities and Net Assets / Fund Balance$3,744,005$3,617,118▼ $126,887

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,081,340$868,638$3,949,978
Other Land Buildings$183,674$148,610$332,284
Land$125,000-$125,000
Equipment$9,994$29,326$39,320
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$120,476
Program Service Revenue
$185,680
Investment Income
$440
Other Revenue
$3,206
Change in Net Assets
$-101,884

Audited Revenue Reconciliation

Revenue per Audited Statements
$309,802
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$309,802
Total Revenue per Form 990
$309,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$411,686
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$135,690--$135,690
Occupancy$110,620--$110,620
Fees for Services Management-$34,799-$34,799
Fees for Services Other$29,565--$29,565
Office Expenses$18,827--$18,827
Fees for Services Accounting-$12,390-$12,390
Conferences and Meetings$1,218--$1,218
Advertising$688--$688
Insurance$470--$470
Travel$145--$145
Other Expenses$14--$14
Total Functional Expenses$364,497$47,189$0$411,686

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$411,686
Total Expenses per Audited Statements$411,686
Total Expenses per Form 990$411,686
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
Home Loan$300,000
Deposits$15,291
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

Pilgrim partners, inc. Delegated control over management duties to national church residences. The duties of national church residences include planning and executing the financial operations and supervising the exempt operations.

Form 990, Part VI, Section A, line 8B

There are no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11

The form 990 will be reviewed by the president before the return is filed.

Form 990, Part VI, Section C, line 18

Form 1023 and form 990 are available upon request.

Form 990, Part VI, Section C, line 19

The governing documents and the financial statements are available upon request.

Form 990, Part VI, Line 15

There are no paid employees at this organization. The board of directors works on strictly a volunteer basis. All paid employees that work at this facility are hired by the management company, national church residences.

Filing and Contact Details

Filer

Filer Name
Pilgrim Partners Inc
EIN
34-1889800
Phone
4193809535
Address
4545 ANGOLA ROAD, TOLEDO, OH 43615
Doing Business As
Pilgrim Port

Signing Officer

Name
Raymond Bishop Jr
Title
President
Phone
4193809535
Signed
2016-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raymond Bishop Jr
Formed
1999
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Plante & Moran Pllc
Address
250 High St Ste 100, Columbus, OH 43215
Preparer
Bernie Ostrowski
Phone
6148493000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

The management company, national church residences, assumes responsibility for the oversight of the audit and the selection of the independent accountant.

Raw XML Appendix394 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03081340
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0868638
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03949978
IRS990ScheduleD/EquipmentGrp/BookValueAmt09994
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029326
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt039320
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0411686
IRS990ScheduleD/LandGrp/BookValueAmt0125000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0125000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0183674
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0148610
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0332284
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015291
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1300000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1HOME LOAN
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0309802
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03400008
IRS990ScheduleD/TotalExpensesPerForm990Amt0411686
IRS990ScheduleD/TotalLiabilityAmt0315291
IRS990ScheduleD/TotalRevenuePerForm990Amt0309802
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0309802
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0411686
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PILGRIM PARTNERS, INC. DELEGATED CONTROL OVER MANAGEMENT DUTIES TO NATIONAL CHURCH RESIDENCES. THE DUTIES OF NATIONAL CHURCH RESIDENCES INCLUDE PLANNING AND EXECUTING THE FINANCIAL OPERATIONS AND SUPERVISING THE EXEMPT OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WILL BE REVIEWED BY THE PRESIDENT BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MANAGEMENT COMPANY, NATIONAL CHURCH RESIDENCES, ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE ARE NO PAID EMPLOYEES AT THIS ORGANIZATION. THE BOARD OF DIRECTORS WORKS ON STRICTLY A VOLUNTEER BASIS. ALL PAID EMPLOYEES THAT WORK AT THIS FACILITY ARE HIRED BY THE MANAGEMENT COMPANY, NATIONAL CHURCH RESIDENCES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, LINE 15
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt03617118
IRS990/TotalAssetsGrp/BOYAmt03744005
IRS990/TotalAssetsGrp/EOYAmt03617118
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0120476
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047189
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0364497
IRS990/TotalFunctionalExpensesGrp/TotalAmt0411686
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04579578
IRS990/TotalLiabilitiesEOYAmt04554575
IRS990/TotalLiabilitiesGrp/BOYAmt04579578
IRS990/TotalLiabilitiesGrp/EOYAmt04554575
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-835573
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-937457
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0364497
IRS990/TotalProgramServiceRevenueAmt0185680
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0440
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0188886
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0309802
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03744005
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03617118
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0145
IRS990/TravelGrp/TotalAmt0145
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-835573
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-937457
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04545 ANGOLA ROAD
IRS990/USAddress/CityNm0TOLEDO
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043615
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RAYMOND BISHOP JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04193809535
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PILGRIM PARTNERS INC
ReturnHeader/Filer/BusinessNameControlTxt0PILG
ReturnHeader/Filer/EIN0341889800
ReturnHeader/Filer/PhoneNum04193809535
ReturnHeader/Filer/USAddress/AddressLine1Txt04545 ANGOLA ROAD
ReturnHeader/Filer/USAddress/CityNm0TOLEDO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd043615
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381357951
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLANTE & MORAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0250 High St Ste 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Columbus
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd043215
ReturnHeader/PreparerPersonGrp/PhoneNum06148493000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bernie Ostrowski
ReturnHeader/ReturnTs02016-07-08T11:46:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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