Civic Intelligence

The Brain Foundation Inc

990 • Fiscal year 2022 • EIN 35-2206645

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

8136 Old Keene Mill Rd Ste B-209Springfield, VA 22152

(703) 477-7920

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.95x

Higher debt load relative to assets than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

11.73x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

17th percentile

-14%

Higher net margin than 17% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

37th percentile

-2.7%

Faster asset growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

28th percentile

-8.9%

Faster revenue growth than 28% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$3,088,517

Down $86,223 (-2.7%) from 2021

Net Assets

Down

$143,671

Down $36,343 (-20%) from 2021

Liabilities

Down

$2,944,846

Down $49,880 (-1.7%) from 2021

Revenue

Down

$251,070

Down $24,495 (-8.9%) from 2021

Expenses

Up

$287,413

Up $13,322 (+4.9%) from 2021

Net Income

Down

-$36,343

Down $37,817 (-2566%) from 2021

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,237,214Liabilities 2011: $1,934,292Net Assets 2011: $302,9222011Assets 2012: $2,238,834Liabilities 2012: $1,354,207Net Assets 2012: $884,6272012Assets 2013: $2,535,138Liabilities 2013: $1,322,859Net Assets 2013: $1,212,2792013Assets 2014: $1,389,786Liabilities 2014: $1,197,228Net Assets 2014: $192,5582014Assets 2015: $1,380,938Liabilities 2015: $1,170,628Net Assets 2015: $210,3102015Assets 2016: $2,249,158Liabilities 2016: $2,113,688Net Assets 2016: $135,4702016Assets 2017: $3,324,374Liabilities 2017: $3,176,863Net Assets 2017: $147,5112017Assets 2018: $3,246,175Liabilities 2018: $3,141,456Net Assets 2018: $104,7192018Assets 2019: $3,162,030Liabilities 2019: $3,087,937Net Assets 2019: $74,0932019Assets 2020: $3,225,095Liabilities 2020: $3,046,555Net Assets 2020: $178,5402020Assets 2021: $3,174,740Liabilities 2021: $2,994,726Net Assets 2021: $180,0142021Assets 2022: $3,088,517Liabilities 2022: $2,944,846Net Assets 2022: $143,6712022Assets 2023: $3,027,875Liabilities 2023: $2,888,876Net Assets 2023: $138,9992023Assets 2024: $2,961,739Liabilities 2024: $2,827,526Net Assets 2024: $134,2132024

Highlighted filing

2022

Assets$3,088,517
Liabilities$2,944,846
Net Assets$143,671

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $162,9422011Expenses 2012: $201,5752012Expenses 2013: $208,6722013Revenue 2014: $213,042Expenses 2014: $177,951Net Income 2014: $35,0912014Revenue 2015: $234,985Expenses 2015: $226,507Net Income 2015: $8,4782015Revenue 2016: $251,570Expenses 2016: $258,767Net Income 2016: -$7,1972016Revenue 2017: $367,305Expenses 2017: $299,172Net Income 2017: $68,1332017Revenue 2018: $238,807Expenses 2018: $281,599Net Income 2018: -$42,7922018Revenue 2019: $255,446Expenses 2019: $286,072Net Income 2019: -$30,6262019Revenue 2020: $381,525Expenses 2020: $277,083Net Income 2020: $104,4422020Revenue 2021: $275,565Expenses 2021: $274,091Net Income 2021: $1,4742021Revenue 2022: $251,070Expenses 2022: $287,413Net Income 2022: -$36,3432022Revenue 2023: $275,882Expenses 2023: $278,189Net Income 2023: -$2,3072023Revenue 2024: $273,347Expenses 2024: $278,133Net Income 2024: -$4,7862024

Highlighted filing

2022

Revenue$251,070
Expenses$287,413
Net Income-$36,343
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.0
Gross Receipts
$251,070
Mission and Program Overview

Mission

The Brain Foundations mission is to provide affordable housing for those suffering from serious and persistent brain diseases, such as schizophrenia and bi-polar disorders, and who are homeless or vulnerable to becoming homeless.

The mission of the organization is to provide affordable housing for those suffering from serious brain diseases, such as schizophrenia and bi-polar disorders, who are homeless or vulnerable to becoming homeless. The vision for the organization is community based housing for the brain injured and diseased across the country and intend that the lessons learned and accomplishments of the organizations efforts will serve as a model to achieve the vision

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,642,388$2,548,329▼ $94,059
Cash and Non-Interest-Bearing Accounts$445,045$436,999▼ $8,046
Accounts Receivable$4,452$12,534▲ $8,082
Prepaid Expenses and Deferred Charges$4,090$3,948▼ $142
Total Assets$3,174,740$3,088,517▼ $86,223
Other Assets Total$78,765$86,707▲ $7,942
Liabilities
Other Liabilities$2,978,550$2,934,527▼ $44,023
Accounts Payable and Accrued Expenses$16,176$10,319▼ $5,857
Total Liabilities$2,994,726$2,944,846▼ $49,880
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$180,014$143,671▼ $36,343
Total Net Assets Fund Balance$180,014$143,671▼ $36,343
Total Liabilities and Net Assets / Fund Balance$3,174,740$3,088,517▼ $86,223

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,625,473$1,137,018$2,762,491
Land$911,475-$911,475
Other Land Buildings$11,381$589$11,970
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dallison R VeachPresident
Joseph HarshPresident
Trudy HarshPresident Em
Chris LieuDirector
David HuntDirector
Dotti MckeeDirector
Munira KoliaDirector
Pamela HerbertDirector
Ted MoriakDirector
Zina SantosDirector
Susan MoriakSecretary
James MccannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$134,900
Program Service Revenue
$115,975
Investment Income
$195
Other Revenue
$0
All Other Contributions
$100,806
Change in Net Assets
$-36,343

Audited Revenue Reconciliation

Revenue per Audited Statements
$251,070
Total Revenue per Audited Statements
$251,070
Total Revenue per Form 990
$251,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$287,413
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$100,879--$100,879
Interest$54,806--$54,806
Insurance$10,941--$10,941
Other Expenses$10,051--$10,051
Fees for Services Accounting-$7,304-$7,304
All Other Expenses-$1,771-$1,771
Fees for Services Other-$64-$64
Total Functional Expenses$278,274$9,139$0$287,413

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$287,413
Total Expenses per Audited Statements$287,413
Total Expenses per Form 990$287,413
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
Mortgages Payable$2,918,309
Real Estate Tax Payable$8,748
Tenant Security Deposit$7,470
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Joseph harsh trudy harsh president president em son-mother

Form 990, Page 6, Part VI, Line 11B

Reviewed in board meeting.

Form 990, Page 6, Part VI, Line 12C

REVIEWED BY THE BOARD.

Form 990, Page 6, Part VI, Line 18

AVAILABLE UPON REQUEST

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
The Brain Foundation Inc
EIN
35-2206645
Phone
7034777920
Address
8136 OLD KEENE MILL RD STE B-209, SPRINGFIELD, VA 22152

Signing Officer

Name
David Hunt
Title
Director
Phone
7038308032
Signed
2023-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Mccann
Formed
2003
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Ad&a Cpas LLC
Address
3100 CLARENDON BLVD SUITE 200, ARLINGTON, VA 22201
Preparer
Amit Dhawan
Phone
7035177899
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the organization is to provide affordable housing for those suffering from serious brain diseases, such as schizophrenia and bi-polar disorders, who are homeless or vulnerable to becoming homeless. The vision for the organization is community based housing for the brain injured and diseased across the country and intend that the lessons learned and accomplishments of the organizations efforts will serve as a model to achieve the vision

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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0169112
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0108601
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0798269
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0116170
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/PublicSupportCY509Pct00.99570
IRS990ScheduleA/PublicSupportPY509Pct00.99550
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0379762
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0243170
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0219316
IRS990ScheduleA/Total509Grp/TotalAmt01368398
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0251070
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0275565
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0381525
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0245696
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0220502
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01374358
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01625473
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01137018
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02762491
IRS990ScheduleD/ExpensesSubtotalAmt0287413
IRS990ScheduleD/LandGrp/BookValueAmt0911475
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0911475
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011381
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0589
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011970
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18748
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt27470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REAL ESTATE TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSIT
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt02548329
IRS990ScheduleD/TotalExpensesPerForm990Amt0287413
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IRS990ScheduleD/TotalRevenuePerForm990Amt0251070
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE ORGANIZATION IS TO PROVIDE AFFORDABLE HOUSING FOR THOSE SUFFERING FROM SERIOUS BRAIN DISEASES, SUCH AS SCHIZOPHRENIA AND BI-POLAR DISORDERS, WHO ARE HOMELESS OR VULNERABLE TO BECOMING HOMELESS. THE VISION FOR THE ORGANIZATION IS COMMUNITY BASED HOUSING FOR THE BRAIN INJURED AND DISEASED ACROSS THE COUNTRY AND INTEND THAT THE LESSONS LEARNED AND ACCOMPLISHMENTS OF THE ORGANIZATIONS EFFORTS WILL SERVE AS A MODEL TO ACHIEVE THE VISION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JOSEPH HARSH TRUDY HARSH PRESIDENT PRESIDENT EM SON-MOTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED IN BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0278274
IRS990/TotalFunctionalExpensesGrp/TotalAmt0287413
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt02994726
IRS990/TotalLiabilitiesGrp/EOYAmt02944846
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03088517
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0HTTP://WWW.BRAIN-FOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID HUNT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07038308032
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE BRAIN FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BRAI
ReturnHeader/Filer/EIN0352206645
ReturnHeader/Filer/PhoneNum07034777920
ReturnHeader/Filer/USAddress/AddressLine1Txt08136 OLD KEENE MILL RD STE B-209
ReturnHeader/Filer/USAddress/CityNm0SPRINGFIELD

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.96$2.83$0.13$0.27$0.28$0.00
2023Detailed filing. Detailed filing data is available for this year.$3.03$2.89$0.14$0.28$0.28$0.00
2022Detailed filing. Detailed filing data is available for this year.$3.09$2.94$0.14$0.25$0.29$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.17$2.99$0.18$0.28$0.27$0.00
2020Detailed filing. Detailed filing data is available for this year.$3.23$3.05$0.18$0.38$0.28$0.10
2019Detailed filing. Detailed filing data is available for this year.$3.16$3.09$0.07$0.26$0.29$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.25$3.14$0.10$0.24$0.28$0.04
2017Detailed filing. Detailed filing data is available for this year.$3.32$3.18$0.15$0.37$0.30$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.25$2.11$0.14$0.25$0.26$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.38$1.17$0.21$0.23$0.23$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.39$1.20$0.19$0.21$0.18$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$1.32$1.21$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$1.35$0.88$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$1.93$0.30$0.16