Civic Intelligence

The Renaissance Collaborative Inc.

990 • Fiscal year 2014 • EIN 36-3843379

Jan 01, 2014 to Dec 31, 2014 • Filed on Jan 11, 2016

3757 South WabashChicago, IL 60653

(773) 924-9270

Siviq Scores

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

Liabilities / Assets

91st percentile

0.98x

Higher debt load relative to assets than 91% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

93rd percentile

4.75x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

10th percentile

-25%

Higher net margin than 10% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$86,800

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$7,535,061

No earlier filing loaded for comparison.

Net Assets

$125,169

No earlier filing loaded for comparison.

Liabilities

$7,409,892

No earlier filing loaded for comparison.

Revenue

$1,560,037

No earlier filing loaded for comparison.

Expenses

$1,942,374

No earlier filing loaded for comparison.

Net Income

-$382,337

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2014: $7,535,061Liabilities 2014: $7,409,892Net Assets 2014: $125,1692014Assets 2015: $7,142,116Liabilities 2015: $7,401,084Net Assets 2015: -$258,9682015Assets 2017: $6,787,789Liabilities 2017: $7,606,878Net Assets 2017: -$819,0892017Assets 2018: $5,982,253Liabilities 2018: $7,557,981Net Assets 2018: -$1,575,7282018Assets 2019: $5,417,801Liabilities 2019: $7,393,281Net Assets 2019: -$1,975,4802019Assets 2020: $5,523,998Liabilities 2020: $7,856,698Net Assets 2020: -$2,332,7002020Assets 2021: $5,527,481Liabilities 2021: $8,021,738Net Assets 2021: -$2,494,2572021Assets 2022: $5,198,070Liabilities 2022: $7,980,694Net Assets 2022: -$2,782,6242022Assets 2024: $9,520,441Liabilities 2024: $8,383,303Net Assets 2024: $1,137,1382024

Highlighted filing

2014

Assets$7,535,061
Liabilities$7,409,892
Net Assets$125,169

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $1,560,037Expenses 2014: $1,942,374Net Income 2014: -$382,3372014Revenue 2015: $1,643,977Expenses 2015: $1,924,491Net Income 2015: -$280,5142015Revenue 2017: $1,746,195Expenses 2017: $1,908,386Net Income 2017: -$162,1912017Revenue 2018: $1,679,025Expenses 2018: $1,812,907Net Income 2018: -$133,8822018Revenue 2019: $1,566,580Expenses 2019: $1,995,452Net Income 2019: -$428,8722019Revenue 2020: $1,527,797Expenses 2020: $1,822,920Net Income 2020: -$295,1232020Revenue 2021: $1,738,390Expenses 2021: $1,850,083Net Income 2021: -$111,6932021Revenue 2022: $1,532,055Expenses 2022: $1,896,262Net Income 2022: -$364,2072022Revenue 2024: $6,331,321Expenses 2024: $2,171,734Net Income 2024: $4,159,5872024

Highlighted filing

2014

Revenue$1,560,037
Expenses$1,942,374
Net Income-$382,337
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jan 11, 2016
Return Version
2014v6.0
Gross Receipts
$1,582,226
Mission and Program Overview

Mission

Provide affordable housing and a suitable living environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,581,627$5,204,170▼ $377,457
Investments in Publicly Traded Securities$2,080,816$1,354,956▼ $725,860
Other Notes and Loans Receivable, Net-$435,805-
Cash and Non-Interest-Bearing Accounts$163,917$129,463▼ $34,454
Pledges and Grants Receivable$368,392$112,270▼ $256,122
Intangible Assets-$12,611-
Accounts Receivable$219,160$11,592▼ $207,568
Prepaid Expenses and Deferred Charges$7,617$2,178▼ $5,439
Savings and Temporary Cash Investments-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Total Assets$8,421,529$7,535,061▼ $886,468
Other Assets Total-$272,016-
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,168,618$7,168,618→ $0
Deferred Revenue$138,329$122,475▼ $15,854
Accounts Payable and Accrued Expenses$81,689$66,110▼ $15,579
Other Liabilities$262,027$52,689▼ $209,338
Total Liabilities$7,650,663$7,409,892▼ $240,771
Net Assets / Fund Balance
Unrestricted Net Assets$770,866$125,169▼ $645,697
Total Net Assets Fund Balance$770,866$125,169▼ $645,697
Total Liabilities and Net Assets / Fund Balance$8,421,529$7,535,061▼ $886,468

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,896,224$5,377,144$10,273,368
Other Land Buildings$235,876$207,677$443,553
Equipment$22,097$36,848$58,945
Land$49,973-$49,973
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Patricia AbramsExecutive DirectorFT$86,800$86,800

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$417,442
Program Service Revenue
$1,078,077
Investment Income
$64,518
Other Revenue
$0
All Other Contributions
$109,645
Change in Net Assets
$-382,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,011,094
Other Expenses$931,280
Total Fundraising Expense$22,631
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$410,873$329,421-$740,294
Depreciation Depletion-$377,546-$377,546
Payroll Taxes$103,040$80,960-$184,000
Insurance$12,121$80,440-$92,561
All Other Expenses$57,671$30,753-$88,424
Current Officers, Directors, Trustees, and Key Employees$47,740$39,060-$86,800
Fees for Services Other$7,912$37,818-$45,730
Office Expenses$12,351$21,264-$33,615
Other Expenses$78,943$93,120$22,518$22,518
Occupancy$7,200--$7,200
Advertising$375-$113$488
Conferences and Meetings-$465-$465
Travel-$16-$16
Total Functional Expenses$828,880$1,090,863$22,631$1,942,374
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$22,189
Fundraising Gross Income$22,189
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$22,189$22,189$22,189$0
Total Events$22,189$22,189$22,189-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Match Account$35,225
Tenant Security Deposits$17,464
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The organization's governing body reviews form 990 during its board meetings; before filing the return.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
The Renaissance Collaborative Inc
EIN
36-3843379
Phone
7739249270
Address
3757 SOUTH WABASH, CHICAGO, IL 60653

Signing Officer

Name
Patricia Abrams
Title
Executive Director
Signed
2016-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Abrams
Formed
1993
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
39

Preparer

Firm
Ragland & Associates LLC
Address
9457 Enterprise Drive, Mokena, IL 60448
Preparer
Lyle Morris
Phone
7083330634
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Prior period adjustment = -$263360

Financial Statement Notes

Part X : FIN48 Footnote

While there is no unrelated business income for the current year and related income taxes, the term tax position as used in the FASB interpretation refers to a position in a previously filed tax return or a position expected to be taken in a future tax return that is reflected in measuring current or deferred income tax assets and liabilities for interim or annual periods. The term tax position also encompasses, but is not limited to:A decision not to file a tax returnAn allocation or a shift of income between jurisdictionsThe characterization of income or a decision to exclude reporting taxable income in a tax returnA decision to classify a transaction, entity, or other position in a tax return as tax-exemptWhile this disclosure may not have immediate applicability to the Projects assets, it is required for full disclosure for any tax uncertainty that may arise from possible income tax transactions.

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