Civic Intelligence

Rodman Commons Inc.

990 • Fiscal year 2016 • EIN 36-4677601

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 19, 2016

861A Broad StreetProvidence, RI 02907

(401) 941-2900

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.06x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

17.07x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

12th percentile

-27%

Higher net margin than 12% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

54th percentile

$70,296

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 37.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

36th percentile

-1.7%

Faster asset growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

43rd percentile

0.5%

Faster revenue growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,995,766

Down $52,608 (-1.7%) from 2015

Net Assets

Down

-$192,492

Down $50,614 (-36%) from 2015

Liabilities

Down

$3,188,258

Down $1,994 (-0.1%) from 2015

Revenue

Up

$186,724

Up $945 (+0.5%) from 2015

Expenses

Down

$237,338

Down $2,545 (-1.1%) from 2015

Net Income

Up

-$50,614

Up $3,490 (+6.5%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2013: $3,155,729Liabilities 2013: $3,193,106Net Assets 2013: -$37,3772013Assets 2014: $3,107,560Liabilities 2014: $3,195,334Net Assets 2014: -$87,7742014Assets 2015: $3,048,374Liabilities 2015: $3,190,252Net Assets 2015: -$141,8782015Assets 2016: $2,995,766Liabilities 2016: $3,188,258Net Assets 2016: -$192,4922016Assets 2017: $2,919,935Liabilities 2017: $3,182,879Net Assets 2017: -$262,9442017Assets 2018: $2,852,271Liabilities 2018: $3,193,526Net Assets 2018: -$341,2552018Assets 2019: $2,784,640Liabilities 2019: $3,185,697Net Assets 2019: -$401,0572019Assets 2020: $2,708,605Liabilities 2020: $3,177,059Net Assets 2020: -$468,4542020Assets 2021: $2,652,972Liabilities 2021: $3,181,147Net Assets 2021: -$528,1752021Assets 2023: $2,502,235Liabilities 2023: $3,192,753Net Assets 2023: -$690,5182023Assets 2024: $2,394,664Liabilities 2024: $3,206,690Net Assets 2024: -$812,0262024

Highlighted filing

2016

Assets$2,995,766
Liabilities$3,188,258
Net Assets-$192,492

Operations Trend

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

$400K$200K$0-$200KExpenses 2013: $136,4432013Revenue 2014: $186,878Expenses 2014: $237,275Net Income 2014: -$50,3972014Revenue 2015: $185,779Expenses 2015: $239,883Net Income 2015: -$54,1042015Revenue 2016: $186,724Expenses 2016: $237,338Net Income 2016: -$50,6142016Revenue 2017: $184,892Expenses 2017: $255,345Net Income 2017: -$70,4532017Revenue 2018: $183,567Expenses 2018: $261,878Net Income 2018: -$78,3112018Revenue 2019: $181,714Expenses 2019: $241,516Net Income 2019: -$59,8022019Revenue 2020: $180,177Expenses 2020: $247,574Net Income 2020: -$67,3972020Revenue 2021: $184,408Expenses 2021: $244,128Net Income 2021: -$59,7202021Revenue 2023: $166,368Expenses 2023: $242,945Net Income 2023: -$76,5772023Revenue 2024: $164,251Expenses 2024: $285,758Net Income 2024: -$121,5072024

Highlighted filing

2016

Revenue$186,724
Expenses$237,338
Net Income-$50,614
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 19, 2016
Return Version
2015v2.1
Gross Receipts
$186,724
Mission and Program Overview

Mission

To provide low income housing to the elderly and disabled in the south kingstown, ri area under section 202 of the national affordable housing act.

To provide affordable housing in south kingstown, rhode island for senior citizens and the disabled under section 202 of the national affordable housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,948,546$2,874,457▼ $74,089
Savings and Temporary Cash Investments$54,998$75,948▲ $20,950
Cash and Non-Interest-Bearing Accounts$25,920$25,972▲ $52
Prepaid Expenses and Deferred Charges$8,887$7,561▼ $1,326
Accounts Receivable$1,713$2,704▲ $991
Total Assets$3,048,374$2,995,766▼ $52,608
Other Assets Total$8,310$9,124▲ $814
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,151,000$3,151,000→ $0
Accounts Payable and Accrued Expenses$21,001$28,184▲ $7,183
Unsecured Notes Loans Payable$10,021--
Other Liabilities$8,230$9,074▲ $844
Total Liabilities$3,190,252$3,188,258▼ $1,994
Net Assets / Fund Balance
Unrestricted Net Assets$-141,878$-192,492▼ $50,614
Total Net Assets Fund Balance$-141,878$-192,492▼ $50,614
Total Liabilities and Net Assets / Fund Balance$3,048,374$2,995,766▼ $52,608

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,874,457$285,260$3,159,717
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jennifer HawkinsEx-president$70,296$70,296

Board Members and Trustees

NameTitle
Julia BushChair
James ComerPresident
Ashley HahnDirector
Barbara ColtDirector
Gladys BetancurDirector
Irwin BeckerDirector
Sue BarkerDirector
Michelle MckenzieTreas and Sec
Revenue and Support

Revenue Composition

Contributions and Grants
$105,144
Program Service Revenue
$81,554
Investment Income
$26
Other Revenue
$0
Change in Net Assets
$-50,614

Audited Revenue Reconciliation

Revenue per Audited Statements
$186,724
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$186,724
Total Revenue per Form 990
$186,724
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$199,281
Salaries, Compensation, and Employee Benefits$38,057
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$79,905--$79,905
Occupancy$64,337--$64,337
Other Salaries and Wages$38,057--$38,057
Fees for Services Management$16,262--$16,262
Insurance$11,527--$11,527
Office Expenses$8,136--$8,136
Fees for Services Accounting$6,939--$6,939
Other Expenses$1,295--$1,295
Fees for Services Legal$155--$155
Total Functional Expenses$237,338$0$0$237,338

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$237,338
Total Expenses per Audited Statements$237,338
Total Expenses per Form 990$237,338
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Tenant Security Deposits$9,074
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Section B, Line 11

Form 990 is available for review by the governing board upon request.

Form 990, Part VI, Section B, Line 12C

The governing body adheres to the conflict of interest policy that is in place. This policy is reviewed periodically.

Form 990, Part VI, Section C, Line 19

The governing documents and form 990 are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Rodman Commons Inc
EIN
36-4677601
Phone
4019412900
Address
861A BROAD STREET, PROVIDENCE, RI 02907

Signing Officer

Name
James Comer
Title
President
Phone
4019412900
Signed
2016-09-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Comer
Formed
2010
Legal Domicile
Ri
Voting Board Members
9
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Damiano Burk & Nuttall Pc
Address
6 BLACKSTONE VALLEY PL STE 109, LINCOLN, RI 02865
Preparer
Kevin Burk
Phone
4013332880
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS AVAILABLE FOR REVIEW BY THE GOVERNING BOARD UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY ADHERES TO THE CONFLICT OF INTEREST POLICY THAT IS IN PLACE. THIS POLICY IS REVIEWED PERIODICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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