Civic Intelligence

Restorers Inc

EIN 38-3413593 • 501(c)3 • Grand Rapids, MI

Profile

Promote long term positive changes for individuals and families in the madison hall neighborhood of grand rapids so that greater levels quality of life are expereinced by residents

1413 Madison SEGrand Rapids, MI 49507

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

13th percentile

-58%

Higher net margin than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-66%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Using 2019 Form 990 data because the latest 2020 filing does not report standard financial totals.

Assets

Down

$130,284

Down $5,151 (-3.8%) from 2018

Liabilities

Down

$0

Down $33,808 (-100%) from 2018

Net Assets

Up

$130,284

Up $28,657 (+28%) from 2018

Revenue

Down

$140,970

Down $68,464 (-33%) from 2018

Expenses

Down

$127,715

Down $97,496 (-43%) from 2018

Net Income

Up

$13,255

Up $29,032 (+184%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2011: $301,208Liabilities 2011: $4,6272011Assets 2012: $243,940Liabilities 2012: $10,679Net Assets 2012: $233,2612012Assets 2013: $192,554Liabilities 2013: $3,5772013Assets 2014: $198,616Liabilities 2014: $9,039Net Assets 2014: $189,5772014Assets 2015: $161,571Liabilities 2015: $12,118Net Assets 2015: $149,4532015Assets 2016: $138,701Liabilities 2016: $13,176Net Assets 2016: $125,5252016Assets 2017: $140,618Liabilities 2017: $23,217Net Assets 2017: $117,4012017Assets 2018: $135,435Liabilities 2018: $33,808Net Assets 2018: $101,6272018Assets 2019: $130,284Liabilities 2019: $0Net Assets 2019: $130,2842019

Latest loaded filing

2019

Assets$130,284
Liabilities$0
Net Assets$130,284

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $145,355Expenses 2011: $129,253Net Income 2011: $16,1022011Revenue 2012: $111,445Expenses 2012: $177,658Net Income 2012: -$66,2132012Revenue 2013: $180,727Expenses 2013: $225,011Net Income 2013: -$44,2842013Revenue 2014: $226,021Expenses 2014: $196,573Net Income 2014: $29,4482014Revenue 2015: $149,392Expenses 2015: $189,516Net Income 2015: -$40,1242015Revenue 2016: $164,492Expenses 2016: $192,479Net Income 2016: -$27,9872016Revenue 2017: $196,368Expenses 2017: $198,142Net Income 2017: -$1,7742017Revenue 2018: $209,434Expenses 2018: $225,211Net Income 2018: -$15,7772018Revenue 2019: $140,970Expenses 2019: $127,715Net Income 2019: $13,2552019

Latest loaded filing

2019

Revenue$140,970
Expenses$127,715
Net Income$13,255

Filings

Latest Detailed Filing

The latest 2020 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Aug 12, 2016
Return Version
2014v6.0
Gross Receipts
$149,392
Mission and Program Overview

Mission

Promote long term positive changes for individuals and families in the madison hall neighborhood of grand rapids so that greater levels quality of life are expereinced by residents

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$70,003$66,188▼ $3,815
Land, Buildings, and Equipment, Net$62,175$58,292▼ $3,883
Cash and Non-Interest-Bearing Accounts$20,012$28,827▲ $8,815
Savings and Temporary Cash Investments$22,768--
Pledges and Grants Receivable$22,000--
Accounts Receivable$1,658$8,264▲ $6,606
Total Assets$198,616$161,571▼ $37,045
Liabilities
Accounts Payable and Accrued Expenses$9,039$12,118▲ $3,079
Total Liabilities$9,039$12,118▲ $3,079
Net Assets / Fund Balance
Temporarily Rstr Net Assets$103,136$79,453▼ $23,683
Unrestricted Net Assets$74,806$58,365▼ $16,441
Permanently Rstr Net Assets$11,635$11,635→ $0
Total Net Assets Fund Balance$189,577$149,453▼ $40,124
Total Liabilities and Net Assets / Fund Balance$198,616$161,571▼ $37,045

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$66,188--
Buildings$41,443$47,557-
Land$1,000--
Equipment$3,383$124-
Leasehold Improvements$12,466$942-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kafi CarrascoExecutive DirectorFT$49,500$49,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$147,710
Program Service Revenue
$0
Investment Income
$1,682
Other Revenue
$0
All Other Contributions
$147,710
Change in Net Assets
$-40,124
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$95,207
Salaries, Compensation, and Employee Benefits$94,309
Total Fundraising Expense$25,791
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$15,559$19,799$14,142$49,500
Other Salaries and Wages$35,898--$35,898
Fees for Services Accounting$7,165$1,059$4,765$12,989
Office Expenses$3,221$1,766$1,766$6,753
Occupancy$4,494$1,329$823$6,646
Payroll Taxes$2,586$1,396$997$4,979
Other Expenses$2,970$797$748$4,515
Insurance$2,154$1,141$739$4,034
Other Employee Benefits$1,573$1,376$983$3,932
Depreciation Depletion$2,719$777$388$3,884
Conferences and Meetings$645$11$11$667
Total Functional Expenses$133,845$29,880$25,791$189,516
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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 governing body review Part VI line 11

A copy of the form 990 is reviewed by the executive director and selected board members prior to filing

Conflict of interest policy compliance Part VI line 12C

The organization monitors its compliance with its stated conflict of interest policy by requiring that all directors and officers make annual disclosures of any and all potential conlflicts of interest that may exist between them, including related parties, and the organization.

CEO executive director top management comp Part VI line 15A

The compensation of the organizations executive director is determined by and approved by the organizations board of directors

Form 990 availability to public Part VI line 18

AVAILABLE UPON REQUEST

Governing documents etc available to public Part VI line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Restorers Inc
EIN
38-3413593
Address
1413 MADISON SE, Grand Rapids, MI 49507

Signing Officer

Name
Kafi Carrasco
Title
Executive Direc
Phone
6162431984
Signed
2016-08-12
Discuss with paid preparer
No

Organization Details

Formed
1998
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
6
Employees
12
Volunteers
50

Preparer

Firm
Tim Berghuis Accountant LLC
Address
PO Box 6004, Grand Rapids, MI 49516
Preparer
Tim Berghuis
Phone
6166350302
Raw XML Appendix398 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND SELECTED BOARD MEMBERS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MONITORS ITS COMPLIANCE WITH ITS STATED CONFLICT OF INTEREST POLICY BY REQUIRING THAT ALL DIRECTORS AND OFFICERS MAKE ANNUAL DISCLOSURES OF ANY AND ALL POTENTIAL CONLFLICTS OF INTEREST THAT MAY EXIST BETWEEN THEM, INCLUDING RELATED PARTIES, AND THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION OF THE ORGANIZATIONS EXECUTIVE DIRECTOR IS DETERMINED BY AND APPROVED BY THE ORGANIZATIONS BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02016-12-15 16:53:06Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KAFI CARRASCO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum06162431984
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RESTORERS INC
ReturnHeader/Filer/BusinessNameControlTxt0REST
ReturnHeader/Filer/EIN0383413593
ReturnHeader/Filer/USAddress/AddressLine1Txt01413 MADISON SE
ReturnHeader/Filer/USAddress/CityNm0Grand Rapids
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049507
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Tim Berghuis Accountant LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 6004
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Grand Rapids
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049516
ReturnHeader/PreparerPersonGrp/PhoneNum06166350302
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tim Berghuis
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ReturnHeader/ReturnTs02016-08-15T18:07:25-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

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