Civic Intelligence

Francis Xavier Plaza Inc

990 • Fiscal year 2016 • EIN 45-3563217

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 13, 2017

134 Farmington AvenueHartford, CT 06105

(860) 541-6491

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.05x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

31.91x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

5th percentile

-69%

Higher net margin than 5% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

51st percentile

1.7%

Faster asset growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

79th percentile

20%

Faster revenue growth than 79% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$7,127,749

Up $120,783 (+1.7%) from 2015

Net Assets

Down

-$356,528

Down $161,170 (-82%) from 2015

Liabilities

Up

$7,484,277

Up $281,953 (+3.9%) from 2015

Revenue

Up

$234,509

Up $39,449 (+20%) from 2015

Expenses

Up

$395,679

Up $6,339 (+1.6%) from 2015

Net Income

Up

-$161,170

Up $33,110 (+17%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2012: $303,733Liabilities 2012: $313,650Net Assets 2012: -$9,9172012Assets 2013: $1,577,851Liabilities 2013: $1,578,830Net Assets 2013: -$9792013Assets 2014: $6,243,834Liabilities 2014: $6,244,912Net Assets 2014: -$1,0782014Assets 2015: $7,006,966Liabilities 2015: $7,202,324Net Assets 2015: -$195,3582015Assets 2016: $7,127,749Liabilities 2016: $7,484,277Net Assets 2016: -$356,5282016Assets 2017: $7,000,922Liabilities 2017: $7,517,425Net Assets 2017: -$516,5032017Assets 2018: $6,804,708Liabilities 2018: $7,553,913Net Assets 2018: -$749,2052018Assets 2019: $6,616,284Liabilities 2019: $7,546,888Net Assets 2019: -$930,6042019Assets 2020: $6,507,514Liabilities 2020: $7,644,453Net Assets 2020: -$1,136,9392020Assets 2021: $6,257,432Liabilities 2021: $7,609,353Net Assets 2021: -$1,351,9212021Assets 2022: $5,993,875Liabilities 2022: $7,545,257Net Assets 2022: -$1,551,3822022Assets 2023: $5,809,112Liabilities 2023: $7,520,338Net Assets 2023: -$1,711,2262023Assets 2024: $5,911,389Liabilities 2024: $7,811,154Net Assets 2024: -$1,899,7652024

Highlighted filing

2016

Assets$7,127,749
Liabilities$7,484,277
Net Assets-$356,528

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2012: $48Expenses 2012: $9,965Net Income 2012: -$9,9172012Revenue 2013: $77Expenses 2013: -$8,861Net Income 2013: $8,9382013Revenue 2014: $152Expenses 2014: $251Net Income 2014: -$992014Revenue 2015: $195,060Expenses 2015: $389,340Net Income 2015: -$194,2802015Revenue 2016: $234,509Expenses 2016: $395,679Net Income 2016: -$161,1702016Revenue 2017: $287,381Expenses 2017: $447,356Net Income 2017: -$159,9752017Revenue 2018: $255,388Expenses 2018: $488,090Net Income 2018: -$232,7022018Revenue 2019: $291,940Expenses 2019: $473,339Net Income 2019: -$181,3992019Revenue 2020: $252,686Expenses 2020: $459,021Net Income 2020: -$206,3352020Revenue 2021: $247,816Expenses 2021: $462,798Net Income 2021: -$214,9822021Revenue 2022: $286,294Expenses 2022: $485,755Net Income 2022: -$199,4612022Revenue 2023: $360,212Expenses 2023: $520,056Net Income 2023: -$159,8442023Revenue 2024: $306,677Expenses 2024: $495,216Net Income 2024: -$188,5392024

Highlighted filing

2016

Revenue$234,509
Expenses$395,679
Net Income-$161,170
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 13, 2017
Return Version
2016v3.0
Gross Receipts
$234,509
Mission and Program Overview

Mission

To lease and improve a 20 unit apartment complex to provide supportive and affordable housing in waterbury, ct, along with supportive social services.

Renovating a school building into 20 family living units for homeless families of low income and to offer subsidized housing and social services to assist disadvantaged families residing there to overcome substance and/or physical abuse to help enable them to have a chance of gaining better socio-economic outcomes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,638,485$6,925,755▲ $287,270
Investments Other Securities$66,796$185,822▲ $119,026
Savings and Temporary Cash Investments$76,352--
Cash and Non-Interest-Bearing Accounts$139,797$6,891▼ $132,906
Prepaid Expenses and Deferred Charges$79,631$4,911▼ $74,720
Accounts Receivable$3,580$2,034▼ $1,546
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-195,358$-356,528▼ $161,170
Total Assets$7,006,966$7,127,749▲ $120,783
Other Assets Total$2,325$2,336▲ $11
Liabilities
Unsecured Notes Loans Payable$7,176,289$7,458,928▲ $282,639
Accounts Payable and Accrued Expenses$20,554$22,733▲ $2,179
Other Liabilities$2,262$2,184▼ $78
Deferred Revenue$3,219$432▼ $2,787
Total Liabilities$7,202,324$7,484,277▲ $281,953
Net Assets / Fund Balance
Total Net Assets Fund Balance$-195,358$-356,528▼ $161,170
Total Liabilities and Net Assets / Fund Balance$7,006,966$7,127,749▲ $120,783

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,925,755$327,958-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steven BoguslawksiPresident
James G ColemanVice President
David MartinDirector
Mark CaseyDirector
Paul J PaceDirector
Robin CraccoDirector
Marek KukulkaSecretary
Matthew a ByrneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$233,076
Investment Income
$568
Other Revenue
$865
Change in Net Assets
$-161,170

Audited Revenue Reconciliation

Revenue per Audited Statements
$234,509
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$234,509
Total Revenue per Form 990
$234,509
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$361,183
Salaries, Compensation, and Employee Benefits$34,496
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$179,911--$179,911
Occupancy$105,455--$105,455
Insurance$37,109--$37,109
Other Salaries and Wages$30,973--$30,973
Office Expenses$14,135--$14,135
Fees for Services Management$11,512--$11,512
Fees for Services Accounting$10,500--$10,500
Payroll Taxes$3,523--$3,523
Interest$2,561--$2,561
Total Functional Expenses$395,679$0$0$395,679

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$395,679
Total Expenses per Audited Statements$395,679
Total Expenses per Form 990$395,679
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$2,184
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Management duties are delegated to demarco management corporation.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by one of the board members prior to being finalized.

Form 990, Part VI, Section C, Line 19

The organization's 990 is available at www.guidestar.org. Additional information is available upon request to the organization.

Filing and Contact Details

Filer

Filer Name
Francis Xavier Plaza Inc
EIN
45-3563217
Phone
8605416491
Address
134 FARMINGTON AVENUE, HARTFORD, CT 06105

Signing Officer

Name
Matthew a Byrne
Title
CPA
Phone
8605416491
Signed
2017-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew a Byrne
Formed
2011
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Whittlesey & Hadley Pc
Address
280 TRUMBULL ST 24TH FL, HARTFORD, CT 06103
Preparer
Edward Sullivan
Phone
8605223111
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IRS990ScheduleA/TotalSupportAmt0428297
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06925755
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0327958
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt07253713
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0395679
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02184
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0234509
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06925755
IRS990ScheduleD/TotalExpensesPerForm990Amt0395679
IRS990ScheduleD/TotalLiabilityAmt02184
IRS990ScheduleD/TotalRevenuePerForm990Amt0234509
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0234509
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0395679
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DUTIES ARE DELEGATED TO DEMARCO MANAGEMENT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY ONE OF THE BOARD MEMBERS PRIOR TO BEING FINALIZED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. ADDITIONAL INFORMATION IS AVAILABLE UPON REQUEST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE HARTFORD ROMAN CATHOLIC DIOCESAN CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CATHOLIC CHARITIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2ST FRANCIS XAVIER CHURCH CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0060646669
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1060667607
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RELIGIOUS ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1FAMILY SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2RELIGIOUS ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)(I)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1170(B)(1)(A)(I)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2170(B)(1)(A)(I)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0134 FARMINGTON AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1839-841 ASYLUM AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2625 BALDWIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HARTFORD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1HARTFORD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2WATERBURY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd006105
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd106105
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd206706
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07006966
IRS990/TotalAssetsEOYAmt07127749
IRS990/TotalAssetsGrp/BOYAmt07006966
IRS990/TotalAssetsGrp/EOYAmt07127749
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0395679
IRS990/TotalFunctionalExpensesGrp/TotalAmt0395679
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07202324
IRS990/TotalLiabilitiesEOYAmt07484277
IRS990/TotalLiabilitiesGrp/BOYAmt07202324
IRS990/TotalLiabilitiesGrp/EOYAmt07484277
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-195358
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-356528
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0395679
IRS990/TotalProgramServiceRevenueAmt0233076
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0568
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0233941
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0234509
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07006966
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07127749
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt07176289
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt07458928
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0134 FARMINGTON AVE
IRS990/USAddress/CityNm0HARTFORD
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006105
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW A BYRNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CPA
ReturnHeader/BusinessOfficerGrp/PhoneNum08605416491
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANCIS XAVIER PLAZA INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0453563217

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