Civic Intelligence

Our 42Nd Avenue

990 • Fiscal year 2018 • EIN 46-1225723

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

Organization ProfileN/A
5140A NE 42nd AvenuePortland, OR 97218

(503) 351-1708

Siviq Scores

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

Liabilities / Assets

91st percentile

0.81x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

1.25x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

84th percentile

29%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

81st percentile

26%

Faster asset growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

90th percentile

74%

Faster revenue growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$888,864

Up $183,035 (+26%) from 2017

Net Assets

Up

$172,835

Up $169,169 (+4615%) from 2017

Liabilities

Up

$716,029

Up $13,866 (+2.0%) from 2017

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin84th percentile

Revenue

Up

$574,524

Up $243,942 (+74%) from 2017

Expenses

Up

$405,355

Up $62,771 (+18%) from 2017

Net Income

Up

$169,169

Up $181,171 (+1510%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$1.0M$500K$0Assets 2013: $25,772Liabilities 2013: $02013Assets 2014: $30,659Liabilities 2014: $1572014Assets 2015: $47,864Liabilities 2015: $2,899Net Assets 2015: $44,9652015Assets 2016: $712,348Liabilities 2016: $696,680Net Assets 2016: $15,6682016Assets 2017: $705,829Liabilities 2017: $702,163Net Assets 2017: $3,6662017Assets 2018: $888,864Liabilities 2018: $716,029Net Assets 2018: $172,8352018Assets 2019: $259,762Liabilities 2019: $75,632Net Assets 2019: $184,1302019Assets 2020: $357,202Liabilities 2020: $53,139Net Assets 2020: $304,0632020

Highlighted filing

2018

Assets$888,864
Liabilities$716,029
Net Assets$172,835
Open 2018 Filing

Operations Trend

Revenue Growth90th percentile

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

$600K$400K$200K$0-$200KRevenue 2013: $60,838Expenses 2013: $35,066Net Income 2013: $25,7722013Revenue 2014: $94,792Expenses 2014: $90,062Net Income 2014: $4,7302014Revenue 2015: $132,317Expenses 2015: $117,854Net Income 2015: $14,4632015Revenue 2016: $247,087Expenses 2016: $276,384Net Income 2016: -$29,2972016Revenue 2017: $330,582Expenses 2017: $342,584Net Income 2017: -$12,0022017Revenue 2018: $574,524Expenses 2018: $405,355Net Income 2018: $169,1692018Revenue 2019: $367,027Expenses 2019: $317,245Net Income 2019: $49,7822019Revenue 2020: $387,895Expenses 2020: $267,962Net Income 2020: $119,9332020

Highlighted filing

2018

Revenue$574,524
Expenses$405,355
Net Income$169,169
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$574,524
Mission and Program Overview

Mission

To engage in economic development

To engage in economic development and to lessen the burden of government by partnering with the city of portland to improve conditions in the 42nd avenue district which has been identified as an urban renewal district with a high level of poverty and economic distress.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$640,110$781,938▲ $141,828
Pledges and Grants Receivable-$50,000-
Cash and Non-Interest-Bearing Accounts$58,435$48,195▼ $10,240
Prepaid Expenses and Deferred Charges-$8,731-
Intangible Assets$7,284--
Total Assets$705,829$888,864▲ $183,035
Liabilities
Mortgage Notes Payable Secured by Investment Property$692,909$692,909→ $0
Unsecured Notes Loans Payable$9,254$23,120▲ $13,866
Total Liabilities$702,163$716,029▲ $13,866
Net Assets / Fund Balance
Unrestricted Net Assets$3,666$172,835▲ $169,169
Total Net Assets Fund Balance$3,666$172,835▲ $169,169
Total Liabilities and Net Assets / Fund Balance$705,829$888,864▲ $183,035

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$446,193$24,704$470,897
Land$181,496-$181,496
Leasehold Improvements$154,249-$154,249
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Rosemarie SweetPresident
Abdul MajidiDirector
Carolyn WesterfieldDirector
Dr Neil GehredDirector
Francis DjorgeeDirector
Guillermo NavarroDirector
Sandra LefrancoisDirector
Lynn BarlowSecretary
Alexander GebreabTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$413,196
Program Service Revenue
$161,328
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$169,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$257,856
Salaries, Compensation, and Employee Benefits$147,499
Total Fundraising Expense$39
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$108,693$27,173-$135,866
Occupancy$93,872$8,259-$102,131
Interest$2,795$17,809$39$20,643
Payroll Taxes$9,306$2,327-$11,633
Fees for Services Accounting-$10,582-$10,582
All Other Expenses$6,361$2,666-$9,027
Other Expenses$6,135$45-$6,180
Office Expenses$3,080$1,075-$4,155
Insurance$2,244$1,735-$3,979
Information Technology$2,104$1,454-$3,558
Fees for Services Other$2,366$150-$2,516
Fees for Services Legal$2,197--$2,197
Advertising$1,302$88-$1,390
Conferences and Meetings$612$385-$997
Travel$152$228-$380
Total Functional Expenses$327,661$77,655$39$405,355
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
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 11B

“The external accounting firm prepares the form 990 and supplemental schedules as soon as possible and forward a draft of the return to the executive director for review. Once the executive director has approved form 990 and supplemental schedules instructions are given to the external accounting firm to prepare the final version of the return for signature by the executive director for filing with the internal revenue service. Every effort will be made to file the return in a timely manner with the internal revenue service. The board of directors are given a copy upon request.”

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

“Annually members are asked to disclose any potential conflicts of interest.”

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

“The organization's process for determining compensation of the executive director includes review and approval by independent board members, caparibility data and substantiation of the deliberations and decisions”

Form 990, Page 6, Part VI, Line 19

“Documents are mailed upon written request.”

Filing and Contact Details

Filer

Filer Name
Our 42nd Avenue
EIN
46-1225723
Phone
5033511708
Address
5140A NE 42ND AVENUE, PORTLAND, OR 97218

Signing Officer

Name
Michael Demarco
Title
Executive Director
Phone
5033511708
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rosemarie Sweet
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
15

Preparer

Firm
Richard R Harris CPA
Address
5257 NE MARTIN LUTHER KING, PORTLAND, OR 97211
Preparer
Rick Harris
Phone
5032802030
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To engage in economic development and to lessen the burden of government by partnering with the city of portland to improve conditions in the 42nd avenue district which has been identified as an urban renewal district with a high level of poverty and economic distress.”

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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0161328
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0161328
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IRS990ScheduleA/PublicSupportCY170Pct00.88300
IRS990ScheduleA/PublicSupportTotal170Amt01217975
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt025000
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0247087
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0132318
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt094792
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt024704
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0470897
IRS990ScheduleD/LandGrp/BookValueAmt0181496
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0181496
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0154249
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0154249
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0781938
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ENGAGE IN ECONOMIC DEVELOPMENT AND TO LESSEN THE BURDEN OF GOVERNMENT BY PARTNERING WITH THE CITY OF PORTLAND TO IMPROVE CONDITIONS IN THE 42ND AVENUE DISTRICT WHICH HAS BEEN IDENTIFIED AS AN URBAN RENEWAL DISTRICT WITH A HIGH LEVEL OF POVERTY AND ECONOMIC DISTRESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXTERNAL ACCOUNTING FIRM PREPARES THE FORM 990 AND SUPPLEMENTAL SCHEDULES AS SOON AS POSSIBLE AND FORWARD A DRAFT OF THE RETURN TO THE EXECUTIVE DIRECTOR FOR REVIEW. ONCE THE EXECUTIVE DIRECTOR HAS APPROVED FORM 990 AND SUPPLEMENTAL SCHEDULES INSTRUCTIONS ARE GIVEN TO THE EXTERNAL ACCOUNTING FIRM TO PREPARE THE FINAL VERSION OF THE RETURN FOR SIGNATURE BY THE EXECUTIVE DIRECTOR FOR FILING WITH THE INTERNAL REVENUE SERVICE. EVERY EFFORT WILL BE MADE TO FILE THE RETURN IN A TIMELY MANNER WITH THE INTERNAL REVENUE SERVICE. THE BOARD OF DIRECTORS ARE GIVEN A COPY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY MEMBERS ARE ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S PROCESS FOR DETERMINING COMPENSATION OF THE EXECUTIVE DIRECTOR INCLUDES REVIEW AND APPROVAL BY INDEPENDENT BOARD MEMBERS, CAPARIBILITY DATA AND SUBSTANTIATION OF THE DELIBERATIONS AND DECISIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MAILED UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0705829
IRS990/TotalAssetsEOYAmt0888864
IRS990/TotalAssetsGrp/BOYAmt0705829
IRS990/TotalAssetsGrp/EOYAmt0888864
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0413196
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt039
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt077655
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0327661
IRS990/TotalFunctionalExpensesGrp/TotalAmt0405355
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0702163
IRS990/TotalLiabilitiesEOYAmt0716029
IRS990/TotalLiabilitiesGrp/BOYAmt0702163
IRS990/TotalLiabilitiesGrp/EOYAmt0716029
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03666
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0172835
IRS990/TotalProgramServiceExpensesAmt0327661
IRS990/TotalProgramServiceRevenueAmt0161328
IRS990/TotalRevenueGrp/ExclusionAmt0161328
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0574524
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0705829
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0888864
IRS990/TravelGrp/ManagementAndGeneralAmt0228
IRS990/TravelGrp/ProgramServicesAmt0152
IRS990/TravelGrp/TotalAmt0380
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03666
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0172835
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt09254
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt023120
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05140A NE 42ND AVENUE
IRS990/USAddress/CityNm0PORTLAND
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097218
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL DEMARCO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05033511708
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OUR 42ND AVENUE
ReturnHeader/Filer/BusinessNameControlTxt0OUR4
ReturnHeader/Filer/EIN0461225723
ReturnHeader/Filer/PhoneNum05033511708
ReturnHeader/Filer/USAddress/AddressLine1Txt05140A NE 42ND AVENUE
ReturnHeader/Filer/USAddress/CityNm0PORTLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097218
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BDCC21CECFEC85B4860CCB5098E5BDE42C320D22
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D93F7D3DD81E658E3D7148C7BEEA92C5D17B973E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.148.85.161
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:54:47
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RICHARD R HARRIS CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05257 NE MARTIN LUTHER KING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097211
ReturnHeader/PreparerPersonGrp/PhoneNum05032802030
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICK HARRIS
ReturnHeader/ReturnTs02019-05-15T13:54:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$888,864
Liabilities
$716,029
Net assets
$172,835
Revenue
$574,524
Expenses
$405,355
Net income
$169,169
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$3.57$0.53$3.04$3.88$2.68$1.20
2019Summary only. Only limited summary data is available for this year.$2.60$0.76$1.84$3.67$3.17$0.50
2018Detailed filing. Detailed filing data is available for this year.$8.89$7.16$1.73$5.75$4.05$1.69
2017Detailed filing. Detailed filing data is available for this year.$7.06$7.02$0.04$3.31$3.43$0.12
2016Detailed filing. Detailed filing data is available for this year.$7.12$6.97$0.16$2.47$2.76$0.29
2015Detailed filing. Detailed filing data is available for this year.$0.48$0.03$0.45$1.32$1.18$0.14
2014Summary only. Only limited summary data is available for this year.$0.31$0.00$0.95$0.90$0.05
2013Summary only. Only limited summary data is available for this year.$0.26$0.00$0.61$0.35$0.26