Civic Intelligence

New Haven Works Inc.

990 • Fiscal year 2016 • EIN 46-2662124

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 18, 2017

205 Whitney Avenue No 106New Haven, CT 06511

(203) 500-4698

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.24x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

0.07x

Higher debt load relative to revenue than 58% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

26th percentile

-6.8%

Higher net margin than 26% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

8th percentile

-24%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

11th percentile

-30%

Faster revenue growth than 11% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$195,458

Down $61,865 (-24%) from 2015

Net Assets

Down

$147,820

Down $53,311 (-27%) from 2015

Liabilities

Down

$47,638

Down $8,554 (-15%) from 2015

Revenue

Down

$728,423

Down $317,124 (-30%) from 2015

Expenses

Down

$777,734

Down $182,442 (-19%) from 2015

Net Income

Down

-$49,311

Down $134,682 (-158%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $9,036Liabilities 2013: $5,0002013Assets 2014: $189,216Liabilities 2014: $73,456Net Assets 2014: $115,7602014Assets 2015: $257,323Liabilities 2015: $56,192Net Assets 2015: $201,1312015Assets 2016: $195,458Liabilities 2016: $47,638Net Assets 2016: $147,8202016Assets 2017: $202,174Liabilities 2017: $67,538Net Assets 2017: $134,6362017Assets 2018: $216,738Liabilities 2018: $48,108Net Assets 2018: $168,6302018Assets 2019: $284,233Liabilities 2019: $41,011Net Assets 2019: $243,2222019Assets 2020: $366,543Liabilities 2020: $145,589Net Assets 2020: $220,9542020Assets 2021: $768,537Liabilities 2021: $331,206Net Assets 2021: $437,3312021Assets 2022: $685,482Liabilities 2022: $310,659Net Assets 2022: $374,8232022Assets 2023: $491,759Liabilities 2023: $136,560Net Assets 2023: $355,1992023Assets 2024: $516,077Liabilities 2024: $170,456Net Assets 2024: $345,6212024

Highlighted filing

2016

Assets$195,458
Liabilities$47,638
Net Assets$147,820

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $7,000Expenses 2013: $2,964Net Income 2013: $4,0362013Revenue 2014: $613,517Expenses 2014: $501,793Net Income 2014: $111,7242014Revenue 2015: $1,045,547Expenses 2015: $960,176Net Income 2015: $85,3712015Revenue 2016: $728,423Expenses 2016: $777,734Net Income 2016: -$49,3112016Revenue 2017: $735,728Expenses 2017: $748,912Net Income 2017: -$13,1842017Revenue 2018: $684,057Expenses 2018: $650,063Net Income 2018: $33,9942018Revenue 2019: $737,563Expenses 2019: $662,971Net Income 2019: $74,5922019Revenue 2020: $681,860Expenses 2020: $704,128Net Income 2020: -$22,2682020Revenue 2021: $1,088,072Expenses 2021: $871,695Net Income 2021: $216,3772021Revenue 2022: $849,256Expenses 2022: $911,764Net Income 2022: -$62,5082022Revenue 2023: $974,475Expenses 2023: $994,099Net Income 2023: -$19,6242023Revenue 2024: $1,113,588Expenses 2024: $1,123,166Net Income 2024: -$9,5782024

Highlighted filing

2016

Revenue$728,423
Expenses$777,734
Net Income-$49,311
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 18, 2017
Return Version
2015v3.0
Gross Receipts
$728,423
Mission and Program Overview

Mission

To grow the local economy and improve economic stability in all communities by providing employers with a trained and qualified workforce and connecting residents to jobs.

New haven works is focused on growing the local economy and improving economic stability in all communities by providing employers with a trained and qualified workforce and connecting residents to jobs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$141,675$166,014▲ $24,339
Land, Buildings, and Equipment, Net$28,085$23,049▼ $5,036
Accounts Receivable$72,995$3,052▼ $69,943
Prepaid Expenses and Deferred Charges$2,366$2,968▲ $602
Pledges and Grants Receivable$12,202$375▼ $11,827
Total Assets$257,323$195,458▼ $61,865
Liabilities
Other Liabilities$13,753$28,640▲ $14,887
Accounts Payable and Accrued Expenses$24,669$13,568▼ $11,101
Deferred Revenue$17,770$5,430▼ $12,340
Total Liabilities$56,192$47,638▼ $8,554
Net Assets / Fund Balance
Unrestricted Net Assets$154,667$102,303▼ $52,364
Temporarily Rstr Net Assets$46,464$45,517▼ $947
Total Net Assets Fund Balance$201,131$147,820▼ $53,311
Total Liabilities and Net Assets / Fund Balance$257,323$195,458▼ $61,865

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,049$11,383$34,432
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jorge L PerezBoard Chair
Bob ProtoDirector
Bruce D AlexanderDirector
Denzel WalkerDirector
Desi KellyDirector
James P TorgersonDirector
Laurie KenningtonDirector
Mayor Toni HarpDirector
Vincent P PetriniDirector
Melissa MasonExecutive Director
Anthony P RescignoSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$578,386
Program Service Revenue
$149,918
Investment Income
$102
Other Revenue
$17
All Other Contributions
$117,178
Change in Net Assets
$-49,311

Audited Revenue Reconciliation

Revenue per Audited Statements
$728,423
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$189,749
Total Revenue per Audited Statements
$918,172
Total Revenue per Form 990
$728,423
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$678,018
Other Expenses$99,716
Total Fundraising Expense$1,045
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$510,824$74,667$114$585,605
Payroll Taxes$43,470$6,273$58$49,801
Other Employee Benefits$31,092$4,487$42$35,621
Fees for Services Accounting-$17,645-$17,645
Office Expenses$7,251$1,218$90$8,559
Current Officers, Directors, Trustees, and Key Employees$4,195$2,097$699$6,991
Insurance$6,139--$6,139
Depreciation Depletion-$5,036-$5,036
Occupancy$3,420$575$42$4,037
All Other Expenses$2,770--$2,770
Other Expenses$2,667--$2,667
Fees for Services Other$1,680--$1,680
Conferences and Meetings-$1,131-$1,131
Advertising$723--$723
Total Functional Expenses$663,560$113,129$1,045$777,734

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,042,058
Expenses per Audited Statements$777,734
Total Expenses per Form 990$777,734
Expenses Not Reported on Form 990$264,324
Expenses Not Reported on Financial Statements$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
Accrued Vacation$14,640
Accrued Accounting Fees$14,000
Governance and Compliance

Governance Checklist

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

The full board of directors receives a copy of the form 990 to review.

Form 990, Part VI, Section C, Line 19

The form 990 is available upon written request to the organization's mailing address.

Filing and Contact Details

Filer

Filer Name
New Haven Works Inc
EIN
46-2662124
Phone
2035004698
Address
205 WHITNEY AVENUE NO 106, NEW HAVEN, CT 06511

Signing Officer

Name
Melissa Mason Phd
Title
Executive Director
Phone
2035009000
Signed
2017-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Mason Phd
Formed
2013
Legal Domicile
Ct
Voting Board Members
10
Independent Board Members
10
Employees
33
Volunteers
0

Preparer

Firm
Beers Hamerman Cohen & Burger Pc
Address
234 CHURCH STREET, NEW HAVEN, CT 06510
Preparer
Anthony F Santore
Phone
2037876527
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The organization terminated agreements with new haven area employers to provide them with temporary employees.

FORM 990, PART V, LINE 2B:

The organization does not file payroll tax returns. The people performing services for the organization are employees of economic development corporation of new haven, inc. The organization reimburses that corporation for their services.

Financial Statement Notes

PART X, LINE 2:

The organization's income tax filings are subject to audit by various taxing authorities. The organization's open audit period is 2013 through 2015.

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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt012202
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0375
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02366
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02968
IRS990/PrincipalOfficerNm0MELISSA MASON PHD
IRS990/PriorPeriodAdjustmentsAmt0-4000
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561300
IRS990/ProgramServiceRevenueGrp/Desc0TEMPORARY STAFFING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0149918
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0149918
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE CERTAIN NEW HAVEN AREA EMPLOYERS WITH TEMPORARY STAFF
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0149918
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0149918
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0735997
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0150
IRS990/PYOtherExpensesAmt0200355
IRS990/PYOtherRevenueAmt0221
IRS990/PYProgramServiceRevenueAmt0309179
IRS990/PYRevenuesLessExpensesAmt085371
IRS990/PYSalariesCompEmpBnftPaidAmt0759821
IRS990/PYTotalExpensesAmt0960176
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01045547
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-49311
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0578386
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0735997
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0613144
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt07000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01934527
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0119
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0371
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0373
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0863
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0459097
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01934527
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0578386
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0735997
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0613144
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt07000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01934527
IRS990ScheduleA/TotalSupportAmt01935390
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0189749
IRS990ScheduleD/DonatedServicesUseFcltsAmt0264324
IRS990ScheduleD/EquipmentGrp/BookValueAmt023049
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011383
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034432
IRS990ScheduleD/ExpensesNotReportedAmt0264324
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0777734
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014640
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED VACATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED ACCOUNTING FEES
IRS990ScheduleD/RevenueNotReportedAmt0189749
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0728423
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATION'S OPEN AUDIT PERIOD IS 2013 THROUGH 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023049
IRS990ScheduleD/TotalExpensesPerForm990Amt0777734
IRS990ScheduleD/TotalLiabilityAmt028640
IRS990ScheduleD/TotalRevenuePerForm990Amt0728423
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0918172
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01042058
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION TERMINATED AGREEMENTS WITH NEW HAVEN AREA EMPLOYERS TO PROVIDE THEM WITH TEMPORARY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT FILE PAYROLL TAX RETURNS. THE PEOPLE PERFORMING SERVICES FOR THE ORGANIZATION ARE EMPLOYEES OF ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN, INC. THE ORGANIZATION REIMBURSES THAT CORPORATION FOR THEIR SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FULL BOARD OF DIRECTORS RECEIVES A COPY OF THE FORM 990 TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION'S MAILING ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART V, LINE 2B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt046464
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt045517
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0257323
IRS990/TotalAssetsEOYAmt0195458
IRS990/TotalAssetsGrp/BOYAmt0257323
IRS990/TotalAssetsGrp/EOYAmt0195458
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0578386
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01045
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0113129
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0663560
IRS990/TotalFunctionalExpensesGrp/TotalAmt0777734
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt056192
IRS990/TotalLiabilitiesEOYAmt047638
IRS990/TotalLiabilitiesGrp/BOYAmt056192
IRS990/TotalLiabilitiesGrp/EOYAmt047638
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0201131
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0147820
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0663560
IRS990/TotalProgramServiceRevenueAmt0149918
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0119
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0149918
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0728423
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0257323
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0195458
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.17$0.35$1.11$1.12$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.14$0.36$0.97$0.99$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.31$0.37$0.85$0.91$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.33$0.44$1.09$0.87$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.15$0.22$0.68$0.70$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.04$0.24$0.74$0.66$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.05$0.17$0.68$0.65$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.07$0.13$0.74$0.75$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.05$0.15$0.73$0.78$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.06$0.20$1.05$0.96$0.09
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.07$0.12$0.61$0.50$0.11
2013Summary only. Only limited summary data is available for this year.$0.01$0.01$0.01$0.00$0.00