Civic Intelligence

Disabled American Veterans Department of Massachusetts Service Fund Inc

990 • Fiscal year 2020 • EIN 45-2620477

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 19, 2021

State House Room 546Boston, MA 02133

(617) 727-2974

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.18x

Higher debt load relative to assets than 52% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

1.73x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

43rd percentile

1.7%

Higher net margin than 43% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

100th percentile

13330%

Faster asset growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

1411%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$9,587,806

Up $9,516,417 (+13330%) from 2019

Net Assets

Up

$7,823,135

Up $7,751,746 (+10858%) from 2019

Liabilities

Up

$1,764,671

Up $1,764,671 from 2019

Revenue

Up

$1,020,965

Up $953,403 (+1411%) from 2019

Expenses

Up

$1,003,176

Up $934,920 (+1370%) from 2019

Net Income

Up

$17,789

Up $18,483 (+2663%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2012: $7,350Liabilities 2012: $02012Assets 2013: $1,271Liabilities 2013: $0Net Assets 2013: $1,2712013Assets 2014: $2,778Liabilities 2014: $02014Assets 2015: $56,560Net Assets 2015: $56,5602015Assets 2016: $84,923Net Assets 2016: $84,9232016Assets 2017: $81,997Net Assets 2017: $81,9972017Assets 2019: $71,389Liabilities 2019: $0Net Assets 2019: $71,3892019Assets 2020: $9,587,806Liabilities 2020: $1,764,671Net Assets 2020: $7,823,1352020Assets 2021: $8,981,226Liabilities 2021: $1,590,416Net Assets 2021: $7,390,8102021Assets 2022: $8,699,093Liabilities 2022: $1,538,382Net Assets 2022: $7,160,7112022Assets 2023: $9,539,152Liabilities 2023: $1,473,736Net Assets 2023: $8,065,4162023

Highlighted filing

2020

Assets$9,587,806
Liabilities$1,764,671
Net Assets$7,823,135

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $7,400Expenses 2012: $50Net Income 2012: $7,3502012Revenue 2013: $23,640Expenses 2013: $29,719Net Income 2013: -$6,0792013Revenue 2014: $2,707Expenses 2014: $1,200Net Income 2014: $1,5072014Revenue 2015: $53,846Expenses 2015: $64Net Income 2015: $53,7822015Revenue 2016: $93,200Expenses 2016: $64,837Net Income 2016: $28,3632016Revenue 2017: $55,074Expenses 2017: $58,000Net Income 2017: -$2,9262017Revenue 2019: $67,562Expenses 2019: $68,256Net Income 2019: -$6942019Revenue 2020: $1,020,965Expenses 2020: $1,003,176Net Income 2020: $17,7892020Revenue 2021: $1,391,019Expenses 2021: $1,791,228Net Income 2021: -$400,2092021Revenue 2022: $1,519,455Expenses 2022: $1,604,144Net Income 2022: -$84,6892022Revenue 2023: $2,528,726Expenses 2023: $1,624,020Net Income 2023: $904,7062023

Highlighted filing

2020

Revenue$1,020,965
Expenses$1,003,176
Net Income$17,789
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 19, 2021
Return Version
2019v5.2
Gross Receipts
$1,020,965
Mission and Program Overview

Mission

To engage in charitable an educational activities to individuals and organizations that support individuals who were disabled as part of and during their military service.

See schedule oto engage in charitable and educational activities for individuals and organizations that support individuals who are disabled as part of and during their military service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$8,858,006▲ $8,858,006
Cash and Non-Interest-Bearing Accounts$57,639$634,263▲ $576,624
Accounts Receivable-$60,090-
Prepaid Expenses and Deferred Charges-$21,328-
Intangible Assets-$14,119-
Total Assets$71,389$9,587,806▲ $9,516,417
Other Assets Total$13,750--
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,688,681-
Accounts Payable and Accrued Expenses-$66,980-
Other Liabilities$0$9,010▲ $9,010
Total Liabilities$0$1,764,671▲ $1,764,671
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$71,389$7,759,152▲ $7,687,763
Net Assets With Donor Restrictions-$63,983-
Total Net Assets Fund Balance$71,389$7,823,135▲ $7,751,746
Total Liabilities and Net Assets / Fund Balance$71,389$9,587,806▲ $9,516,417

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,547,164$4,072,621$12,619,785
Land$296,500-$296,500
Equipment$14,342$144,218$158,560
Other Land Buildings$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Debora OlsonDirector
Paul DubeyDirector
Richard ConnorDirector
Robert BronsonDirector
William EganDirector
Daniel StackClerk
Jesse FlynnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$768,817
Program Service Revenue
$251,885
Investment Income
$263
Other Revenue
$0
All Other Contributions
$179,254
Change in Net Assets
$17,789

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,020,965
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$149,900
Total Revenue per Audited Statements
$1,170,865
Total Revenue per Form 990
$1,020,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$537,074
Salaries, Compensation, and Employee Benefits$466,102
Total Fundraising Expense$4,826
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$342,062$47,816$4,079$393,957
Depreciation Depletion$217,556--$217,556
Occupancy$84,516$3,641-$88,157
Insurance$48,572$2,991-$51,563
Payroll Taxes$33,858$4,736$404$38,998
Other Employee Benefits$28,778$4,026$343$33,147
Interest$25,921$2,046-$27,967
Fees for Services Accounting-$12,691-$12,691
Other Expenses$11,378$599-$11,977
All Other Expenses$6,556$2,356-$8,912
Fees for Services Legal-$8,500-$8,500
Travel$1,235$302-$1,537
Total Functional Expenses$901,510$96,840$4,826$1,003,176

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,003,176
Total Expenses per Audited Statements$1,003,176
Total Expenses per Form 990$1,003,176
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
Security Deposits$9,010
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
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 11B

Form 990 is reviewed at a board meeting prior to filing

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

Conflict of interest policy is reviewed regularly at the board meeting and particularly with new board members.

Form 990, Part VI, Section B, Line 15A

Compensation for top management officials is reviewed and analyzed with comparative organizations.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, financial statements, and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Disabled American Veterans Dept of
EIN
45-2620477
Phone
6177272974
Address
STATE HOUSE ROOM 546, BOSTON, MA 02133

Signing Officer

Name
Dan Stack
Title
Clerk
Phone
6177272974
Signed
2021-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Stack
Formed
2011
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
9
Employees
23
Volunteers
1

Preparer

Firm
Drumm Friedman CPA LLC
Address
44 MEADOWBROOK ROAD, HUDSON, MA 01749
Preparer
Jennifer J Drumm CPA
Phone
9782040836
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Providing transitional housing, hospice care, and rehabilitative services to veterans who are homeless, disabled, terminally ill, wounded or otherwise in need.

FORM 990, PART XI, LINE 9:

Transfer of assets per organization merger 7,584,057. Ppp loan amount to be forgiven 149,900.

Financial Statement Notes

PART X, LINE 2:

Management has not identified any uncertain tax positions and, therefore, no liability has been recorded in the financial statements. Management has determined that there are no material uncertain tax positions as of june 30, 2020. The organization remains subject to examination by major tax jurisdictions for the years ended june 30, 2018 through june 30, 2020, inclusive.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Ppp loan amount to be forgiven 149,900.

Raw XML AppendixShowing 400 of 412 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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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt093200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01024561
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0263
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0263
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0251885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0251885
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0263
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0263
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt01276446
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01020702
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt067500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt040000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt055044
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt093200
IRS990ScheduleA/Total509Grp/TotalAmt01276446
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01020965
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt067500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt040000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt055044
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt093200
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01276709
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08547164
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04072621
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012619785
IRS990ScheduleD/EquipmentGrp/BookValueAmt014342
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0144218
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0158560
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01003176
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0296500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0296500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0149900
IRS990ScheduleD/RevenueNotReportedAmt0149900
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01020965
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS AND, THEREFORE, NO LIABILITY HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2020. THE ORGANIZATION REMAINS SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS FOR THE YEARS ENDED JUNE 30, 2018 THROUGH JUNE 30, 2020, INCLUSIVE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PPP LOAN AMOUNT TO BE FORGIVEN 149,900.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08858006
IRS990ScheduleD/TotalExpensesPerForm990Amt01003176
IRS990ScheduleD/TotalLiabilityAmt09010
IRS990ScheduleD/TotalRevenuePerForm990Amt01020965
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01170865
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01003176
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDING TRANSITIONAL HOUSING, HOSPICE CARE, AND REHABILITATIVE SERVICES TO VETERANS WHO ARE HOMELESS, DISABLED, TERMINALLY ILL, WOUNDED OR OTHERWISE IN NEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED AT A BOARD MEETING PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY IS REVIEWED REGULARLY AT THE BOARD MEETING AND PARTICULARLY WITH NEW BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR TOP MANAGEMENT OFFICIALS IS REVIEWED AND ANALYZED WITH COMPARATIVE ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFER OF ASSETS PER ORGANIZATION MERGER 7,584,057. PPP LOAN AMOUNT TO BE FORGIVEN 149,900.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt071389
IRS990/TotalAssetsEOYAmt09587806
IRS990/TotalAssetsGrp/BOYAmt071389
IRS990/TotalAssetsGrp/EOYAmt09587806
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0768817
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04826
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt096840
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0901510
IRS990/TotalFunctionalExpensesGrp/TotalAmt01003176
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt01764671
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01764671
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt071389
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07823135
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0901510
IRS990/TotalProgramServiceRevenueAmt0251885
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0252148
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01020965
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt071389
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09587806
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0302
IRS990/TravelGrp/ProgramServicesAmt01235
IRS990/TravelGrp/TotalAmt01537
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.DAVMA.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAN STACK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CLERK
ReturnHeader/BusinessOfficerGrp/PhoneNum06177272974
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DISABLED AMERICAN VETERANS DEPT OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MASS SERVICE FUND
ReturnHeader/Filer/BusinessNameControlTxt0DISA
ReturnHeader/Filer/EIN0452620477
ReturnHeader/Filer/PhoneNum06177272974
ReturnHeader/Filer/USAddress/AddressLine1Txt0STATE HOUSE ROOM 546
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002133
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841940399
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DRUMM FRIEDMAN CPA LLC

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