Civic Intelligence

Mastrofrancesco Afc Inc.

990 • Fiscal year 2015 • EIN 38-2397664

Oct 01, 2014 to Sep 30, 2015 • Filed on Jan 09, 2016

20100 Outer DriveDearborn, MI 48124

(313) 278-5320

Siviq Scores

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

Liabilities / Assets

95th percentile

1.34x

Higher debt load relative to assets than 95% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

57th percentile

0.16x

Higher debt load relative to revenue than 57% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

48th percentile

2.0%

Higher net margin than 48% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

88th percentile

37%

Faster asset growth than 88% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

48th percentile

2.8%

Faster revenue growth than 48% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$328,238

Up $89,360 (+37%) from 2014

Net Assets

Up

-$112,338

Up $56,110 (+33%) from 2014

Liabilities

Up

$440,576

Up $33,250 (+8.2%) from 2014

Revenue

Up

$2,793,886

Up $74,948 (+2.8%) from 2014

Expenses

Down

$2,737,776

Down $78,738 (-2.8%) from 2014

Net Income

Up

$56,110

Up $153,686 (+158%) 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$0-$1.0MAssets 2010: $338,913Liabilities 2010: $408,039Net Assets 2010: -$69,1262010Assets 2011: $283,901Liabilities 2011: $328,993Net Assets 2011: -$45,0922011Assets 2012: $331,584Liabilities 2012: $366,737Net Assets 2012: -$35,1532012Assets 2013: $299,735Liabilities 2013: $370,607Net Assets 2013: -$70,8722013Assets 2014: $238,878Liabilities 2014: $407,326Net Assets 2014: -$168,4482014Assets 2015: $328,238Liabilities 2015: $440,576Net Assets 2015: -$112,3382015Assets 2016: $510,847Liabilities 2016: $565,617Net Assets 2016: -$54,7702016Assets 2017: $437,562Liabilities 2017: $509,057Net Assets 2017: -$71,4952017Assets 2018: $383,882Liabilities 2018: $662,369Net Assets 2018: -$278,4872018Assets 2019: $449,378Liabilities 2019: $679,740Net Assets 2019: -$230,3622019Assets 2020: $1,000,546Liabilities 2020: $1,100,347Net Assets 2020: -$99,8012020Assets 2021: $1,675,926Liabilities 2021: $1,183,996Net Assets 2021: $491,9302021Assets 2022: $2,011,031Liabilities 2022: $818,103Net Assets 2022: $1,192,9282022Assets 2023: $1,493,684Liabilities 2023: $473,542Net Assets 2023: $1,020,1422023Assets 2024: $1,211,335Liabilities 2024: $401,033Net Assets 2024: $810,3022024Assets 2025: $1,292,663Liabilities 2025: $405,243Net Assets 2025: $887,4202025

Highlighted filing

2015

Assets$328,238
Liabilities$440,576
Net Assets-$112,338

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,400,5202010Expenses 2011: $2,405,9642011Expenses 2012: $2,595,3222012Revenue 2013: $2,669,412Expenses 2013: $2,705,131Net Income 2013: -$35,7192013Revenue 2014: $2,718,938Expenses 2014: $2,816,514Net Income 2014: -$97,5762014Revenue 2015: $2,793,886Expenses 2015: $2,737,776Net Income 2015: $56,1102015Revenue 2016: $3,018,444Expenses 2016: $3,006,703Net Income 2016: $11,7412016Revenue 2017: $3,524,616Expenses 2017: $3,541,341Net Income 2017: -$16,7252017Revenue 2018: $3,552,349Expenses 2018: $3,759,341Net Income 2018: -$206,9922018Revenue 2019: $3,536,904Expenses 2019: $3,488,779Net Income 2019: $48,1252019Revenue 2020: $3,547,009Expenses 2020: $3,416,448Net Income 2020: $130,5612020Revenue 2021: $4,449,309Expenses 2021: $3,860,578Net Income 2021: $588,7312021Revenue 2022: $4,867,267Expenses 2022: $4,166,269Net Income 2022: $700,9982022Revenue 2023: $4,113,157Expenses 2023: $4,285,943Net Income 2023: -$172,7862023Revenue 2024: $4,464,204Expenses 2024: $4,674,044Net Income 2024: -$209,8402024Revenue 2025: $4,915,413Expenses 2025: $4,838,295Net Income 2025: $77,1182025

Highlighted filing

2015

Revenue$2,793,886
Expenses$2,737,776
Net Income$56,110
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jan 9, 2016
Return Version
2014v6.0
Gross Receipts
$2,793,886
Mission and Program Overview

Mission

Community based assisted living facilities servicing the special needs population of southeastern michigan with the goal of maximizing the individual's independence through community integration using person centered planning and goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$143,731$181,028▲ $37,297
Land, Buildings, and Equipment, Net$74,922$72,548▼ $2,374
Prepaid Expenses and Deferred Charges$15,584$70,346▲ $54,762
Cash and Non-Interest-Bearing Accounts$3,771$3,446▼ $325
Rtn Earn Endowment Incm Other Fnds$-168,448$-112,338▲ $56,110
Total Assets$238,878$328,238▲ $89,360
Other Assets Total$870$870→ $0
Liabilities
Unsecured Notes Loans Payable$178,286$231,213▲ $52,927
Other Liabilities$146,081$119,693▼ $26,388
Accounts Payable and Accrued Expenses$82,959$89,670▲ $6,711
Total Liabilities$407,326$440,576▲ $33,250
Net Assets / Fund Balance
Total Net Assets Fund Balance$-168,448$-112,338▲ $56,110
Total Liabilities and Net Assets / Fund Balance$238,878$328,238▲ $89,360

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$72,548$223,760$296,308
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard JeskePresident
Pat SersenDirector
Phillip MastrofancescoDirector
David KippVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$562,993
Program Service Revenue
$2,230,893
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$56,110

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,793,886
Total Revenue per Audited Statements
$2,793,886
Total Revenue per Form 990
$2,793,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,926,391
Other Expenses$811,385
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,735,683$32,398-$1,768,081
Occupancy$219,923$44,229-$264,152
Other Expenses$201,285--$201,285
Payroll Taxes$132,780$2,478-$135,258
Travel$105,733$12,321-$118,054
Insurance$43,471$9,220-$52,691
Interest-$43,593-$43,593
Office Expenses$30,890$11,469-$42,359
Fees for Services Accounting-$41,336-$41,336
Depreciation Depletion$25,861$163-$26,024
Other Employee Benefits$16,928$6,124-$23,052
Fees for Services Other-$11,890-$11,890
Conferences and Meetings$9,340$291-$9,631
Fees for Services Legal-$370-$370
Total Functional Expenses$2,521,894$215,882$0$2,737,776

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,737,776
Total Expenses per Audited Statements$2,737,776
Total Expenses per Form 990$2,737,776
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
Accrued Payroll and Expenses$104,923
Accrued Expenses$14,770
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
Other officer compensation reviewed
Yes
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

Richard jeske phillip a mastrofrancesco board member director in-law patricia dean phillip a mastrofrancesco employee director spouse

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

Form 990 is electronically submitted to phillip mastrofrancesco prior to e-filing with the internal revenue service. Phillip mastrofrancesco is charged with presenting form 990 to the board at the next meeting. Approval for submission is determined by the signed consent form forwarded to the accountant who then e-files in a timely manner.

Form 990, Page 6, Part VI, Line 12C

The board of directors routinely discusses the need for transparency. If a conflict of interest should arise, the board of directors would investigate and take any action necessary to alleviate the conflict or perceived conflict of interest.

Form 990, Page 6, Part VI, Line 15A

Compensation of the executive director, phillip a mastrofrancesco, is approved by the board of directors. The board makes use of comparability data and compensation within budgetary guidelines.

Form 990, Page 6, Part VI, Line 15B

Compensation of all employees is subject to review by board of directors. No officers, directors or trustees are compensated for serving on the board of directors. Any individual receiving compensation is being paid for services rendered to the organization as either a manager, director or direct care worker. The wage and salary scale for all employees is within budgetary guidelines.

Form 990, Page 6, Part VI, Line 19

Form 990 is available to the public. All governing documents, financial statements, and policies are available upon request. The state of michigan website grants access to governing documents such as articles of incorporation and annual updates.

Filing and Contact Details

Filer

Filer Name
Mastrofrancesco Afc Inc
EIN
38-2397664
Phone
3132785320
Address
20100 OUTER DRIVE, DEARBORN, MI 48124

Signing Officer

Name
Phillip a Mastrofrancesco
Title
Director
Phone
3132785320
Signed
2016-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip a Mastrofrancesco
Formed
1982
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
4
Employees
134

Preparer

Firm
Penn & Company LLC
Address
20100 OUTER DRIVE, DEARBORN, MI 48124-2647
Preparer
Michael J Penn CPA
Phone
3132785320
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Community based assisted living facilities servicing the special needs population of southeastern michigan with the goal of maximizing the individual's independence through community integration using person centered planning and goals.

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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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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt06557
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IRS990ScheduleD/EquipmentGrp/BookValueAmt072548
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0223760
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0296308
IRS990ScheduleD/ExpensesSubtotalAmt02737776
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0104923
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL AND EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED EXPENSES
IRS990ScheduleD/RevenueSubtotalAmt02793886
IRS990ScheduleD/TotalBookValueLandBuildingsAmt072548
IRS990ScheduleD/TotalExpensesPerForm990Amt02737776
IRS990ScheduleD/TotalLiabilityAmt0119693
IRS990ScheduleD/TotalRevenuePerForm990Amt02793886
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMMUNITY BASED ASSISTED LIVING FACILITIES SERVICING THE SPECIAL NEEDS POPULATION OF SOUTHEASTERN MICHIGAN WITH THE GOAL OF MAXIMIZING THE INDIVIDUAL'S INDEPENDENCE THROUGH COMMUNITY INTEGRATION USING PERSON CENTERED PLANNING AND GOALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RICHARD JESKE PHILLIP A MASTROFRANCESCO BOARD MEMBER DIRECTOR IN-LAW PATRICIA DEAN PHILLIP A MASTROFRANCESCO EMPLOYEE DIRECTOR SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS ELECTRONICALLY SUBMITTED TO PHILLIP MASTROFRANCESCO PRIOR TO E-FILING WITH THE INTERNAL REVENUE SERVICE. PHILLIP MASTROFRANCESCO IS CHARGED WITH PRESENTING FORM 990 TO THE BOARD AT THE NEXT MEETING. APPROVAL FOR SUBMISSION IS DETERMINED BY THE SIGNED CONSENT FORM FORWARDED TO THE ACCOUNTANT WHO THEN E-FILES IN A TIMELY MANNER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ROUTINELY DISCUSSES THE NEED FOR TRANSPARENCY. IF A CONFLICT OF INTEREST SHOULD ARISE, THE BOARD OF DIRECTORS WOULD INVESTIGATE AND TAKE ANY ACTION NECESSARY TO ALLEVIATE THE CONFLICT OR PERCEIVED CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF THE EXECUTIVE DIRECTOR, PHILLIP A MASTROFRANCESCO, IS APPROVED BY THE BOARD OF DIRECTORS. THE BOARD MAKES USE OF COMPARABILITY DATA AND COMPENSATION WITHIN BUDGETARY GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION OF ALL EMPLOYEES IS SUBJECT TO REVIEW BY BOARD OF DIRECTORS. NO OFFICERS, DIRECTORS OR TRUSTEES ARE COMPENSATED FOR SERVING ON THE BOARD OF DIRECTORS. ANY INDIVIDUAL RECEIVING COMPENSATION IS BEING PAID FOR SERVICES RENDERED TO THE ORGANIZATION AS EITHER A MANAGER, DIRECTOR OR DIRECT CARE WORKER. THE WAGE AND SALARY SCALE FOR ALL EMPLOYEES IS WITHIN BUDGETARY GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990 IS AVAILABLE TO THE PUBLIC. ALL GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND POLICIES ARE AVAILABLE UPON REQUEST. THE STATE OF MICHIGAN WEBSITE GRANTS ACCESS TO GOVERNING DOCUMENTS SUCH AS ARTICLES OF INCORPORATION AND ANNUAL UPDATES.
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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt0134
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02521894
IRS990/TotalFunctionalExpensesGrp/TotalAmt02737776
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IRS990/TotalLiabilitiesBOYAmt0407326
IRS990/TotalLiabilitiesEOYAmt0440576
IRS990/TotalLiabilitiesGrp/BOYAmt0407326
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-168448
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-112338
IRS990/TotalProgramServiceExpensesAmt02521894
IRS990/TotalProgramServiceRevenueAmt02230893
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02230893
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02793886
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0238878
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0328238
IRS990/TravelGrp/ManagementAndGeneralAmt012321
IRS990/TravelGrp/ProgramServicesAmt0105733
IRS990/TravelGrp/TotalAmt0118054
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0178286
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0231213
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt023933 ALLEN ROAD 5
IRS990/USAddress/CityNm0WOODHAVEN
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048183
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0MASTROAFC.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PHILLIP A MASTROFRANCESCO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03132785320
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MASTROFRANCESCO AFC INC
ReturnHeader/Filer/BusinessNameControlTxt0MAST
ReturnHeader/Filer/EIN0382397664
ReturnHeader/Filer/PhoneNum03132785320
ReturnHeader/Filer/USAddress/AddressLine1Txt020100 OUTER DRIVE
ReturnHeader/Filer/USAddress/CityNm0DEARBORN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048124
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382178903
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PENN & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020100 OUTER DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DEARBORN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0481242647
ReturnHeader/PreparerPersonGrp/PhoneNum03132785320
ReturnHeader/PreparerPersonGrp/PreparationDt02016-01-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J PENN CPA
ReturnHeader/ReturnTs02016-01-19T17:11:06-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.29$0.41$0.89$4.92$4.84$0.08
2024Detailed filing. Detailed filing data is available for this year.$1.21$0.40$0.81$4.46$4.67$0.21
2023Detailed filing. Detailed filing data is available for this year.$1.49$0.47$1.02$4.11$4.29$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$0.82$1.19$4.87$4.17$0.70
2021Detailed filing. Detailed filing data is available for this year.$1.68$1.18$0.49$4.45$3.86$0.59
2020Detailed filing. Detailed filing data is available for this year.$1.00$1.10$0.10$3.55$3.42$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.45$0.68$0.23$3.54$3.49$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.38$0.66$0.28$3.55$3.76$0.21
2017Detailed filing. Detailed filing data is available for this year.$0.44$0.51$0.07$3.52$3.54$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.51$0.57$0.05$3.02$3.01$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.33$0.44$0.11$2.79$2.74$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.24$0.41$0.17$2.72$2.82$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.37$0.07$2.67$2.71$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.37$0.04$2.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.33$0.05$2.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.41$0.07$2.40