Civic Intelligence

The Westerly Revolving Fund Inc

990EZ • Fiscal year 2014 • EIN 35-2465487

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 11, 2015

Organization Profilewesterlyrevolvingfund.org
PO Box 112Westerly, RI 02891

(860) 460-1930

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

95th percentile

63%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

73rd percentile

22%

Faster asset growth than 73% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

5th percentile

-67%

Faster revenue growth than 5% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$87,362

Up $15,911 (+22%) from 2013

Net Assets

Up

$87,362

Up $15,911 (+22%) from 2013

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin95th percentile

Revenue

Down

$25,118

Down $49,882 (-67%) from 2013

Expenses

Up

$9,207

Up $5,658 (+159%) from 2013

Net Income

Down

$15,911

Down $55,540 (-78%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$800K$600K$400K$200K$0Assets 2013: $71,451Net Assets 2013: $71,4512013Assets 2014: $87,362Net Assets 2014: $87,3622014Assets 2015: $117,425Net Assets 2015: $117,4252015Assets 2016: $191,340Net Assets 2016: $191,3402016Assets 2017: $323,250Liabilities 2017: $125,000Net Assets 2017: $198,2502017Assets 2018: $143,486Liabilities 2018: $0Net Assets 2018: $143,4862018Assets 2019: $541,441Liabilities 2019: $308,658Net Assets 2019: $232,7832019Assets 2020: $698,597Liabilities 2020: $400,000Net Assets 2020: $298,5972020Assets 2021: $33,189Liabilities 2021: $0Net Assets 2021: $33,1892021Assets 2022: $32,363Net Assets 2022: $32,3632022Assets 2023: $31,425Net Assets 2023: $31,4252023Assets 2024: $30,991Net Assets 2024: $30,9912024

Highlighted filing

2014

Assets$87,362
Liabilities-
Net Assets$87,362
Open 2014 Filing

Operations Trend

Revenue Growth5th percentile

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

$100K$0-$100K-$200K-$300KRevenue 2013: $75,000Expenses 2013: $3,549Net Income 2013: $71,4512013Revenue 2014: $25,118Expenses 2014: $9,207Net Income 2014: $15,9112014Revenue 2015: $35,500Expenses 2015: $5,437Net Income 2015: $30,0632015Revenue 2016: $80,925Expenses 2016: $7,010Net Income 2016: $73,9152016Revenue 2017: $19,920Expenses 2017: $13,010Net Income 2017: $6,9102017Revenue 2018: -$26,621Expenses 2018: $28,143Net Income 2018: -$54,7642018Revenue 2019: $96,050Expenses 2019: $6,753Net Income 2019: $89,2972019Revenue 2020: $69,900Expenses 2020: $4,086Net Income 2020: $65,8142020Revenue 2021: -$263,096Expenses 2021: $2,312Net Income 2021: -$265,4082021Revenue 2022: $100Expenses 2022: $926Net Income 2022: -$8262022Revenue 2023: $98Expenses 2023: $1,036Net Income 2023: -$9382023Revenue 2024: $423Expenses 2024: $857Net Income 2024: -$4342024

Highlighted filing

2014

Revenue$25,118
Expenses$9,207
Net Income$15,911
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 11, 2015
Return Version
2014v5.0
Gross Receipts
$25,118
Mission and Program Overview

Mission

To preserve historical heritage of westerly and stimulate community revitalization.

Program Services

DescriptionGrantsExpenses
REVOLVING FUND LOAN PROGRAM - THE ORGANIZATION BECAME ESTABLISHED TO PROVIDE TECHNICAL SERVICES TO PROPERTY OWNERS IN WESTERLY'S HISTORIC NEIGHBORHOODS. STAFF WILL PREPARE FOR COST ESTIMATES FOR PROPERTIES AND EXTERIOR SPECIFICATIONS FOR RESIDENTIAL OR COMMERCIAL PROPERTIES, AND MONITOR RESTORATIONS. DURING 2014, ONE LOAN OF $5,000 WAS MADE AND FULLY REPAID. AS OF YEAR END, ADDITIONAL NEW LOANS TO PROPERTY OWNERS WERE IN PROCESS FOR RESTORATIONS TO BE FUNDED IN 2015.$369-
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LOUIS W GINGERELLA JRPresident-$0--
MICHAEL J BEDDARDDirector-$0--
MARCIA FELBERDirector-$0--
FAITH BESSETTE ZITODirector-$0--
Filing and Contact Details

Filer

Filer Name
The Westerly Revolving Fund Inc
EIN
35-2465487
Phone
8604601930
Address
PO BOX 112, WESTERLY, RI 02891

Signing Officer

Name
Louis Gingerella
Title
President
Signed
2015-06-11
Discuss with paid preparer
Yes

Preparer

Firm
Arthur H Lathrop CPA
Address
31 Crestview Drive, Westerly, RI 02891
Preparer
Arthur H Lathrop
Phone
4015966300
Supplemental Narrative

Additional Explanations

Other Expenses.1012

“Insurance $517”

Raw XML Appendix136 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0LOUIS W GINGERELLA JR
IRS990EZ/BooksInCareOfDetail/PhoneNum08604600930
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt043 BROAD ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WESTERLY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002891
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt071451
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt087362
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt025000
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt015911
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05369
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt071451
IRS990EZ/Form990TotalAssetsGrp/EOYAmt087362
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt025118
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt071451
IRS990EZ/NetAssetsOrFundBalancesEOYAmt087362
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt071451
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt087362
IRS990EZ/OccupancyRentUtltsAndMaintAmt02475
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LOUIS W GINGERELLA JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MICHAEL J BEDDARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARCIA FELBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3FAITH BESSETTE ZITO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0517
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PRESERVE HISTORICAL HERITAGE OF WESTERLY AND STIMULATE COMMUNITY REVITALIZATION.
IRS990EZ/PrintingPublicationsPostageAmt0846
IRS990EZ/ProgramServiceRevenueAmt0118
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0REVOLVING FUND LOAN PROGRAM - THE ORGANIZATION BECAME ESTABLISHED TO PROVIDE TECHNICAL SERVICES TO PROPERTY OWNERS IN WESTERLY'S HISTORIC NEIGHBORHOODS. STAFF WILL PREPARE FOR COST ESTIMATES FOR PROPERTIES AND EXTERIOR SPECIFICATIONS FOR RESIDENTIAL OR COMMERCIAL PROPERTIES, AND MONITOR RESTORATIONS. DURING 2014, ONE LOAN OF $5,000 WAS MADE AND FULLY REPAID. AS OF YEAR END, ADDITIONAL NEW LOANS TO PROPERTY OWNERS WERE IN PROCESS FOR RESTORATIONS TO BE FUNDED IN 2015.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0369
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt09207
IRS990EZ/TotalProgramServiceExpensesAmt0369
IRS990EZ/TotalRevenueAmt025118
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0westerlyrevolvingfund.org
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt025000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt075000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0100000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0118
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt038000
IRS990ScheduleA/SubstantialContributorsTotAmt062000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt025000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt075000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0100000
IRS990ScheduleA/TotalSupportAmt0100000
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Insurance $517
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1012
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LOUIS GINGERELLA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE WESTERLY REVOLVING FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0352465487
ReturnHeader/Filer/PhoneNum08604601930
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 112
ReturnHeader/Filer/USAddress/CityNm0WESTERLY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002891
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Arthur H Lathrop CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt031 Crestview Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Westerly
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002891
ReturnHeader/PreparerPersonGrp/PhoneNum04015966300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ARTHUR H LATHROP
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-06-11T14:49:43-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$87,362
Liabilities
-
Net assets
$87,362
Revenue
$25,118
Expenses
$9,207
Net income
$15,911
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.31$0.31$0.00$0.01$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.31$0.31$0.00$0.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.32$0.32$0.00$0.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$2.63$0.02$2.65
2020Detailed filing. Detailed filing data is available for this year.$6.99$4.00$2.99$0.70$0.04$0.66
2019Detailed filing. Detailed filing data is available for this year.$5.41$3.09$2.33$0.96$0.07$0.89
2018Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.27$0.28$0.55
2017Detailed filing. Detailed filing data is available for this year.$3.23$1.25$1.98$0.20$0.13$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.91$1.91$0.81$0.07$0.74
2015Detailed filing. Detailed filing data is available for this year.$1.17$1.17$0.36$0.05$0.30
2014Detailed filing. Detailed filing data is available for this year.$0.87$0.87$0.25$0.09$0.16
2013Detailed filing. Detailed filing data is available for this year.$0.71$0.71$0.75$0.04$0.71