Civic Intelligence

Palaemon Inc.

990 • Fiscal year 2015 • EIN 36-4638098

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 06, 2015

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

(508) 395-0068

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$619,359

Down $152 (-0.0%) from 2014

Net Assets

Up

$91,405

Up $43,308 (+90%) from 2014

Liabilities

Down

$527,954

Down $43,460 (-7.6%) from 2014

Revenue And Expenses

Revenue

Down

$335,415

Down $24,693 (-6.9%) from 2014

Expenses

Down

$295,820

Down $31,366 (-9.6%) from 2014

Net Income

Up

$39,595

Up $6,673 (+20%) from 2014

Historical Trend

Balance Sheet Trend

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

2015

Assets$619,359
Liabilities$527,954
Net Assets$91,405
Open 2015 Filing

Operations Trend

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

2015

Revenue$335,415
Expenses$295,820
Net Income$39,595
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 6, 2015
Return Version
2014v5.0
Gross Receipts
$335,415
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$617,586$615,720▼ $1,866
Loans From Officers Directors$24,626--
Other Notes and Loans Receivable, Net-$2,000-
Cash and Non-Interest-Bearing Accounts$1,925$1,639▼ $286
Total Assets$619,511$619,359▼ $152
Liabilities
Mortgage Notes Payable Secured by Investment Property$546,788$526,824▼ $19,964
Accounts Payable and Accrued Expenses-$1,130-
Total Liabilities$571,414$527,954▼ $43,460
Net Assets / Fund Balance
Unrestricted Net Assets$48,097$91,405▲ $43,308
Total Net Assets Fund Balance$48,097$91,405▲ $43,308
Total Liabilities and Net Assets / Fund Balance$619,511$619,359▼ $152

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$370,894$53,203$424,097
Land$232,373-$232,373
Compensation and Service Providers

Employees

NameTitleBaseTotal
JAMES O'CONNELLPresident$52,671$52,671
Jennifer MaioccaTreasurer$37,097$37,097

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
$335,415
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$39,595

Audited Revenue Reconciliation

Revenue per Audited Statements
$335,415
Total Revenue per Audited Statements
$335,415
Total Revenue per Form 990
$335,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$152,810
Other Expenses$143,010
Total Fundraising Expense$91
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$79,893$9,875-$89,768
Other Salaries and Wages$37,416$4,157-$41,573
Occupancy$33,300$2,187-$35,487
Interest$24,325$2,703-$27,028
Depreciation Depletion$18,722$91-$18,813
All Other Expenses$9,754$1,640-$11,394
Other Employee Benefits$11,005--$11,005
Payroll Taxes$9,418$1,046-$10,464
Fees for Services Accounting-$8,000-$8,000
Office Expenses-$3,071-$3,071
Other Expenses$2,195$762$91$3,048
Travel$2,954--$2,954
Fees for Services Other$950$394-$1,344
Total Functional Expenses$256,767$38,962$91$295,820

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$295,820
Expenses per Audited Statements$295,714
Total Expenses per Audited Statements$295,714
Expenses Not Reported on Financial Statements$106
Other Expense Adjustments$106
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$24,626--
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
2015-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Maiocca
Formed
2008
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
0
Employees
2

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 XI, Line 9

“Book / tax depreciation difference 106”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

“Book / tax depreciation difference 106”

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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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0335415
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0619511
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0619359
IRS990/TravelGrp/ProgramServicesAmt02954
IRS990/TravelGrp/TotalAmt02954
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt048097
IRS990/UnrestrictedNetAssetsGrp/EOYAmt091405
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0133 S PECK DR
IRS990/USAddress/CityNm0BH
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090212
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.PALAEMONHOUSE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER MAIOCCA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05083950068
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALAEMON INC
ReturnHeader/Filer/BusinessNameControlTxt0PALA
ReturnHeader/Filer/EIN0364638098
ReturnHeader/Filer/PhoneNum05083950068
ReturnHeader/Filer/USAddress/AddressLine1Txt03401 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0BARNSTABLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002630
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/PreparationDt02015-10-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS R CRABTREE CPA CITP MST
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-10-22T12:55:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$619,359
Liabilities
$527,954
Net assets
$91,405
Revenue
$335,415
Expenses
$295,820
Net income
$39,595
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