Civic Intelligence

Mastrofrancesco Afc Inc.

990 • Fiscal year 2020 • EIN 38-2397664

Oct 01, 2019 to Sep 30, 2020 • Filed on Apr 10, 2021

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

94th percentile

1.10x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.31x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

46th percentile

3.7%

Higher net margin than 46% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

94th percentile

123%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

0.3%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,000,546

Up $551,168 (+123%) from 2019

Net Assets

Up

-$99,801

Up $130,561 (+57%) from 2019

Liabilities

Up

$1,100,347

Up $420,607 (+62%) from 2019

Revenue

Up

$3,547,009

Up $10,105 (+0.3%) from 2019

Expenses

Down

$3,416,448

Down $72,331 (-2.1%) from 2019

Net Income

Up

$130,561

Up $82,436 (+171%) from 2019

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

2020

Assets$1,000,546
Liabilities$1,100,347
Net Assets-$99,801

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

2020

Revenue$3,547,009
Expenses$3,416,448
Net Income$130,561
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Apr 10, 2021
Return Version
2019v5.0
Gross Receipts
$3,547,009
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$286,486$475,891▲ $189,405
Cash and Non-Interest-Bearing Accounts$4,391$428,630▲ $424,239
Land, Buildings, and Equipment, Net$142,890$83,145▼ $59,745
Prepaid Expenses and Deferred Charges$14,741$12,010▼ $2,731
Total Assets$449,378$1,000,546▲ $551,168
Other Assets Total$870$870→ $0
Liabilities
Unsecured Notes Loans Payable$311,588$840,972▲ $529,384
Other Liabilities$254,763$256,375▲ $1,612
Accounts Payable and Accrued Expenses$113,389$3,000▼ $110,389
Total Liabilities$679,740$1,100,347▲ $420,607
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-230,362$-99,801▲ $130,561
Total Net Assets Fund Balance$-230,362$-99,801▲ $130,561
Total Liabilities and Net Assets / Fund Balance$449,378$1,000,546▲ $551,168

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$83,145$326,458$409,603
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard JeskePresident/tr
Pat J SersenDirector
Patrick L PappalasDirector
Spiro GriasDirector
Phillip MastrofrancescoExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$447,888
Program Service Revenue
$3,099,121
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$130,561

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,547,009
Total Revenue per Audited Statements
$3,547,009
Total Revenue per Form 990
$3,547,009
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,682,249
Other Expenses$734,199
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,280,360$163,347-$2,443,707
Occupancy$182,797$36,159-$218,956
Payroll Taxes$188,350$14,547-$202,897
Office Expenses$85,896$31,647-$117,543
Fees for Services Accounting-$94,162-$94,162
Insurance$81,383$6,326-$87,709
Travel$58,257$24,489-$82,746
Depreciation Depletion$59,746--$59,746
Other Employee Benefits$31,580$4,065-$35,645
Fees for Services Other$26,971$5,574-$32,545
Interest-$31,004-$31,004
Conferences and Meetings$9,479$309-$9,788
Total Functional Expenses$3,004,819$411,629$0$3,416,448

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,416,448
Total Expenses per Audited Statements$3,416,448
Total Expenses per Form 990$3,416,448
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$158,165
Line of Credit$95,450
Credit Cards Payable$2,760
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
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 Mastrofrancesco
Title
Executive Director
Phone
7346713654
Signed
2021-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip Mastrofrancesco
Formed
1982
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
4
Employees
142

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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0158165
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt195450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22760
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL AND EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CREDIT CARDS PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt03547009
IRS990ScheduleD/TotalBookValueLandBuildingsAmt083145
IRS990ScheduleD/TotalExpensesPerForm990Amt03416448
IRS990ScheduleD/TotalLiabilityAmt0256375
IRS990ScheduleD/TotalRevenuePerForm990Amt03547009
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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/SubjectToExcsTaxNetInvstIncInd0false
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalContributionsAmt0447888
IRS990/TotalEmployeeCnt0142
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0411629
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03004819
IRS990/TotalFunctionalExpensesGrp/TotalAmt03416448
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0679740
IRS990/TotalLiabilitiesEOYAmt01100347
IRS990/TotalLiabilitiesGrp/BOYAmt0679740
IRS990/TotalLiabilitiesGrp/EOYAmt01100347
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-230362
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-99801
IRS990/TotalProgramServiceExpensesAmt03004819
IRS990/TotalProgramServiceRevenueAmt03099121
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03099121
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03547009
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0449378
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01000546
IRS990/TravelGrp/ManagementAndGeneralAmt024489
IRS990/TravelGrp/ProgramServicesAmt058257
IRS990/TravelGrp/TotalAmt082746
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0311588
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0840972
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt026810 KIRKWAY CIRCLE
IRS990/USAddress/CityNm0WOODHAVEN
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048183
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IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.MASTROAFC.ORG
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PHILLIP MASTROFRANCESCO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07346713654
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-10
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/PreparationDt02021-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J PENN CPA
ReturnHeader/ReturnTs02021-05-12T16:14:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

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