Civic Intelligence

Palaemon Inc.

990 • Fiscal year 2018 • EIN 36-4638098

Jul 01, 2017 to Jun 30, 2018 • Filed on Jul 16, 2018

Organization ProfileWWW.PALAEMONHOUSE.ORG
3401 Main StreetBarnstable, MA 02630

(508) 395-0068

Siviq Scores

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

Liabilities / Assets

90th percentile

0.75x

Higher debt load relative to assets than 90% of similar nonprofits.

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

Liabilities / Revenue

91st percentile

1.16x

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

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

Net Margin

42nd percentile

0.8%

Higher net margin than 42% of similar nonprofits.

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

Top Officer Pay

78th percentile

$72,365

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

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

Asset Growth

34th percentile

-2.8%

Faster asset growth than 34% of similar nonprofits.

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

Revenue Growth

68th percentile

16%

Faster revenue growth than 68% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$616,615

Down $17,994 (-2.8%) from 2017

Net Assets

Up

$153,583

Up $3,189 (+2.1%) from 2017

Liabilities

Down

$463,032

Down $21,183 (-4.4%) from 2017

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin42nd percentile

Revenue

Up

$397,893

Up $55,454 (+16%) from 2017

Expenses

Up

$394,704

Up $61,086 (+18%) from 2017

Net Income

Down

$3,189

Down $5,632 (-64%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$3.0M$2.0M$1.0M$0Assets 2013: $642,137Liabilities 2013: $626,962Net Assets 2013: $15,1752013Assets 2014: $619,511Liabilities 2014: $571,414Net Assets 2014: $48,0972014Assets 2015: $619,359Liabilities 2015: $527,954Net Assets 2015: $91,4052015Assets 2016: $658,194Liabilities 2016: $504,461Net Assets 2016: $153,7332016Assets 2017: $634,609Liabilities 2017: $484,215Net Assets 2017: $150,3942017Assets 2018: $616,615Liabilities 2018: $463,032Net Assets 2018: $153,5832018Assets 2019: $700,250Liabilities 2019: $467,588Net Assets 2019: $232,6622019Assets 2020: $725,315Liabilities 2020: $478,236Net Assets 2020: $247,0792020Assets 2021: $625,759Liabilities 2021: $420,160Net Assets 2021: $205,5992021Assets 2022: $593,024Liabilities 2022: $392,182Net Assets 2022: $200,8422022Assets 2023: $2,075,239Liabilities 2023: $1,091,785Net Assets 2023: $983,4542023Assets 2024: $1,982,914Liabilities 2024: $1,079,140Net Assets 2024: $903,7742024

Highlighted filing

2018

Assets$616,615
Liabilities$463,032
Net Assets$153,583
Open 2018 Filing

Operations Trend

Revenue Growth68th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2013: $359,3322013Revenue 2014: $360,108Expenses 2014: $327,186Net Income 2014: $32,9222014Revenue 2015: $335,415Expenses 2015: $295,820Net Income 2015: $39,5952015Revenue 2016: $429,327Expenses 2016: $366,999Net Income 2016: $62,3282016Revenue 2017: $342,439Expenses 2017: $333,618Net Income 2017: $8,8212017Revenue 2018: $397,893Expenses 2018: $394,704Net Income 2018: $3,1892018Revenue 2019: $483,187Expenses 2019: $409,747Net Income 2019: $73,4402019Revenue 2020: $484,397Expenses 2020: $469,980Net Income 2020: $14,4172020Revenue 2021: $481,001Expenses 2021: $522,481Net Income 2021: -$41,4802021Revenue 2022: $498,902Expenses 2022: $503,659Net Income 2022: -$4,7572022Revenue 2023: $1,465,881Expenses 2023: $644,883Net Income 2023: $820,9982023Revenue 2024: $494,012Expenses 2024: $587,866Net Income 2024: -$93,8542024

Highlighted filing

2018

Revenue$397,893
Expenses$394,704
Net Income$3,189
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jul 16, 2018
Return Version
2017v2.3
Gross Receipts
$397,893
Mission and Program Overview

Mission

To empower young adults with developmental learning disabilities towards an independent lifestyle by providing a group home with a stable environment within which to develope the skills needed to accomplish their independence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$604,808$590,641▼ $14,167
Other Notes and Loans Receivable, Net$14,860$21,820▲ $6,960
Cash and Non-Interest-Bearing Accounts$14,941$4,154▼ $10,787
Total Assets$634,609$616,615▼ $17,994
Liabilities
Mortgage Notes Payable Secured by Investment Property$483,716$459,125▼ $24,591
Other Liabilities-$3,409-
Accounts Payable and Accrued Expenses$499$498▼ $1
Total Liabilities$484,215$463,032▼ $21,183
Net Assets / Fund Balance
Unrestricted Net Assets$150,394$153,583▲ $3,189
Total Net Assets Fund Balance$150,394$153,583▲ $3,189
Total Liabilities and Net Assets / Fund Balance$634,609$616,615▼ $17,994

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$491,482-$491,482
Land$232,373-$232,373
Buildings$-95,679$95,679-
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseTotal
JAMES O'CONNELLPresidentFT$72,365$72,365
Jennifer MaioccaTreasurerFT$72,365$72,365

Board Members and Trustees

NameTitle
Brett DubnerDirector
Jennifer MaioccaDirector
Laurie SullivanDirector
John C Cartwright EsqClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$397,893
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$3,189
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$231,143
Salaries, Compensation, and Employee Benefits$163,561
Total Fundraising Expense$134
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$149,607$2,124-$151,731
Occupancy$46,750$3,615-$50,365
All Other Expenses$40,307$4,431$134$44,872
Interest$23,161$2,573-$25,734
Depreciation Depletion$16,077--$16,077
Other Expenses$17,673$13,314-$13,314
Payroll Taxes$10,647$1,183-$11,830
Fees for Services Accounting-$8,525-$8,525
Office Expenses-$7,783-$7,783
Insurance$2,692$2,693-$5,385
Fees for Services Other$3,212$745-$3,957
Total Functional Expenses$332,162$62,408$134$394,704
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
Other Liability$3,409
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“James r. O'connell jennifer l. O'connell president treasurer married”

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

“The board of directors review form 990 prior to filing.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Palaemon Inc
EIN
36-4638098
Phone
5083950068
Address
3401 MAIN STREET, BARNSTABLE, MA 02630

Signing Officer

Name
Jennifer Maiocca
Title
Treasurer
Phone
5083950068
Signed
2018-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
JAMES O'CONNELL
Formed
2008
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
3
Employees
5

Preparer

Firm
Crabtree CPA & Associates
Address
426 NORTH STREET, HYANNIS, MA 02601-5132
Preparer
Douglas R Crabtree CPA Citp Mst
Phone
5087902727
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To empower young adults with developmental learning disabilities towards an independent lifestyle by providing a group home with a stable environment within which to develope the skills needed to accomplish their independence.”

Form 990, Part IX, Line 24E

“Resident program expense 10,200 0 0 supplies 8,600 0 0 pet expenses 8,581 0 0 travel/field trips 4,724 0 0 telephone 3,208 1,114 134 licenses & permits 0 2,116 0 medical 2,005 0 0 payroll processing fees 1,005 112 0 rents 0 798 0 residence interior exp 706 0 0 donations 474 0 0 resident clothing 437 0 0 books and subscriptions 367 0 0 alarm expense 0 210 0 bank charges 0 81 0 total 40,307 4,431 134”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -1,847”

Raw XML Appendix329 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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IRS990/ProgSrvcAccomActy2Grp/Desc0TO TEACH PROPER NUTRITION AND EATING HABITS BY PROVIDING HEALTHY FOOD AND COOKING INSTRUCTION TO HELP SUSTAIN HEALTHY AND PRODUCTIVE LIVES FOR THE RESIDENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO EMPOWER YOUNG ADULTS WITH DEVELOPMENTAL LEARNING DISABILITIES TOWARDS AN INDEPENDENT LIFESTYLE BY PROVIDING A GROUP HOME WITH A STABLE ENVIRONMENT WITHIN WHICH TO DEVELOPE THE SKILLS NEEDED TO ACCOMPLISH THEIR INDEPENDENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JAMES R. O'CONNELL JENNIFER L. O'CONNELL PRESIDENT TREASURER MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEW FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RESIDENT PROGRAM EXPENSE 10,200 0 0 SUPPLIES 8,600 0 0 PET EXPENSES 8,581 0 0 TRAVEL/FIELD TRIPS 4,724 0 0 TELEPHONE 3,208 1,114 134 LICENSES & PERMITS 0 2,116 0 MEDICAL 2,005 0 0 PAYROLL PROCESSING FEES 1,005 112 0 RENTS 0 798 0 RESIDENCE INTERIOR EXP 706 0 0 DONATIONS 474 0 0 RESIDENT CLOTHING 437 0 0 BOOKS AND SUBSCRIPTIONS 367 0 0 ALARM EXPENSE 0 210 0 BANK CHARGES 0 81 0 TOTAL 40,307 4,431 134
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE -1,847
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0634609
IRS990/TotalAssetsEOYAmt0616615
IRS990/TotalAssetsGrp/BOYAmt0634609
IRS990/TotalAssetsGrp/EOYAmt0616615
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0134
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt062408
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0332162
IRS990/TotalFunctionalExpensesGrp/TotalAmt0394704
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0484215
IRS990/TotalLiabilitiesEOYAmt0463032
IRS990/TotalLiabilitiesGrp/BOYAmt0484215
IRS990/TotalLiabilitiesGrp/EOYAmt0463032
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0150394
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0153583
IRS990/TotalProgramServiceExpensesAmt0332162
IRS990/TotalProgramServiceRevenueAmt0397893
IRS990/TotalReportableCompFromOrgAmt0144730
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0397893
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0397893
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0634609
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0616615
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0150394
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0153583
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0BARNSTABLE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002630
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.PALAEMONHOUSE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER MAIOCCA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05083950068
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALAEMON INC
ReturnHeader/Filer/BusinessNameControlTxt0PALA
ReturnHeader/Filer/EIN0364638098
ReturnHeader/Filer/PhoneNum05083950068
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03A58D9DA5D01D60F73B6F42AF27179CAC02A5151
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.150.122.9
ReturnHeader/FilingSecurityInformation/IPDt02018-08-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:23:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043142263
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CRABTREE CPA & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0426 NORTH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HYANNIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0026015132
ReturnHeader/PreparerPersonGrp/PhoneNum05087902727
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS R CRABTREE CPA CITP MST
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-08-17T17:23:22-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$616,615
Liabilities
$463,032
Net assets
$153,583
Revenue
$397,893
Expenses
$394,704
Net income
$3,189
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.98$1.08$0.90$0.49$0.59$0.09
2023Detailed filing. Detailed filing data is available for this year.$2.08$1.09$0.98$1.47$0.64$0.82
2022Detailed filing. Detailed filing data is available for this year.$0.59$0.39$0.20$0.50$0.50$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.42$0.21$0.48$0.52$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.48$0.25$0.48$0.47$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.70$0.47$0.23$0.48$0.41$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.62$0.46$0.15$0.40$0.39$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.48$0.15$0.34$0.33$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.66$0.50$0.15$0.43$0.37$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.53$0.09$0.34$0.30$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.57$0.05$0.36$0.33$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.63$0.02$0.36