Civic Intelligence

Shooting Star Apartments Inc.

990 • Fiscal year 2018 • EIN 46-2830174

Jul 01, 2017 to Jun 30, 2018 • Filed on Aug 29, 2018

18 Parkis AvenueProvidence, RI 02907

(401) 521-3603

Siviq Scores

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

Liabilities / Assets

85th percentile

0.26x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

2.28x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

50th percentile

3.3%

Higher net margin than 50% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

48th percentile

0.4%

Faster asset growth than 48% of similar nonprofits.

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

Revenue Growth

44th percentile

-2.7%

Faster revenue growth than 44% of similar nonprofits.

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

Assets

Up

$456,340

Up $1,828 (+0.4%) from 2017

Net Assets

Up

$337,864

Up $1,700 (+0.5%) from 2017

Liabilities

Up

$118,476

Up $128 (+0.1%) from 2017

Revenue

Down

$51,966

Down $1,426 (-2.7%) from 2017

Expenses

Down

$50,266

Down $3,967 (-7.3%) from 2017

Net Income

Up

$1,700

Up $2,541 (+302%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2014: $341,546Liabilities 2014: $16,175Net Assets 2014: $325,3712014Assets 2015: $460,144Liabilities 2015: $128,219Net Assets 2015: $331,9252015Assets 2016: $451,392Liabilities 2016: $114,387Net Assets 2016: $337,0052016Assets 2017: $454,512Liabilities 2017: $118,348Net Assets 2017: $336,1642017Assets 2018: $456,340Liabilities 2018: $118,476Net Assets 2018: $337,8642018Assets 2019: $460,991Liabilities 2019: $134,765Net Assets 2019: $326,2262019Assets 2020: $451,122Liabilities 2020: $135,102Net Assets 2020: $316,0202020Assets 2021: $454,257Liabilities 2021: $146,112Net Assets 2021: $308,1452021Assets 2022: $454,993Liabilities 2022: $157,903Net Assets 2022: $297,0902022Assets 2023: $441,311Liabilities 2023: $176,563Net Assets 2023: $264,7482023Assets 2024: $433,982Liabilities 2024: $178,364Net Assets 2024: $255,6182024

Highlighted filing

2018

Assets$456,340
Liabilities$118,476
Net Assets$337,864

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2014: $334,148Expenses 2014: $8,777Net Income 2014: $325,3712014Revenue 2015: $45,905Expenses 2015: $39,351Net Income 2015: $6,5542015Revenue 2016: $59,309Expenses 2016: $54,229Net Income 2016: $5,0802016Revenue 2017: $53,392Expenses 2017: $54,233Net Income 2017: -$8412017Revenue 2018: $51,966Expenses 2018: $50,266Net Income 2018: $1,7002018Revenue 2019: $53,398Expenses 2019: $65,036Net Income 2019: -$11,6382019Revenue 2020: $53,422Expenses 2020: $63,628Net Income 2020: -$10,2062020Revenue 2021: $53,397Expenses 2021: $61,272Net Income 2021: -$7,8752021Revenue 2022: $53,398Expenses 2022: $64,453Net Income 2022: -$11,0552022Revenue 2023: $55,259Expenses 2023: $87,601Net Income 2023: -$32,3422023Revenue 2024: $70,694Expenses 2024: $79,824Net Income 2024: -$9,1302024

Highlighted filing

2018

Revenue$51,966
Expenses$50,266
Net Income$1,700
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Aug 29, 2018
Return Version
2017v2.2
Gross Receipts
$51,966
Mission and Program Overview

Mission

Ownership and rental of hud subsidized property

Own and operate 3 unit hud subsidized property for low income persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$409,345$400,484▼ $8,861
Cash and Non-Interest-Bearing Accounts$9,645--
Accounts Receivable$663$882▲ $219
Total Assets$454,512$456,340▲ $1,828
Other Assets Total$34,859$54,974▲ $20,115
Liabilities
Mortgage Notes Payable Secured by Investment Property$103,068$103,068→ $0
Accounts Payable and Accrued Expenses$10,899$11,238▲ $339
Other Liabilities$4,141$4,168▲ $27
Deferred Revenue$240$2▼ $238
Total Liabilities$118,348$118,476▲ $128
Net Assets / Fund Balance
Unrestricted Net Assets$336,164$337,864▲ $1,700
Total Net Assets Fund Balance$336,164$337,864▲ $1,700
Total Liabilities and Net Assets / Fund Balance$454,512$456,340▲ $1,828

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$308,897$33,119$342,016
Land$90,500-$90,500
Other Land Buildings$1,087$465$1,552
Other Assets Org$903--
Compensation and Service Providers

Board Members and Trustees

NameTitle
B Joseph Reddish IiiChair
Marc GauthierVice Chair
Diane SiedleckiDirector
Frederick JohnsonDirector
Joseph ReuschDirector
Lamel MooreDirector
Reverend Raymond MalmDirector
Richard RamseyDirector
WILLIAM O'GARADirector
Gina MercureInterim Executive Director
David RobertSecretary
Fred AzarTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$51,953
Investment Income
$7
Other Revenue
$6
Change in Net Assets
$1,700

Audited Revenue Reconciliation

Revenue per Audited Statements
$51,966
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$51,966
Total Revenue per Form 990
$51,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,266
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$8,861--$8,861
Other Expenses$5,667--$5,667
Fees for Services Accounting$5,500--$5,500
Fees for Services Management$2,830--$2,830
Insurance$2,157--$2,157
Office Expenses$1,455--$1,455
All Other Expenses$34--$34
Total Functional Expenses$50,266$0$0$50,266

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$50,266
Total Expenses per Audited Statements$50,266
Total Expenses per Form 990$50,266
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Aids Care Ocean StateCommon Board of DirectorsManagement Fees and Payroll ReimbursementNo$10,463
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Real Estate Taxes$3,388
Tenant Security Deposits$780
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Corporation entered into hud approved management agreement with a non profit corporation

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

The tax return is given to an officer or executive director of the corporation to review prior to electronic filing with the irs.

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

Board performs informally

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

B. Joseph reddish iii - 23 corey trail road, wyoming, ri 02898. David robert - 360 shawomet avenue, warwick, ri 02889. Marc gauthier - 25 mohawk trail, cranston, ri 02921. Fred azar - 565 pleasant street, pawtucket, ri 02860. William o'gara - 111 arlington avenue, providence, ri 02906. Frederick johnson - 1180 narragansett blvd, cranston, ri 02905. Diane siedlecki - 140 wilson avenue, warwick, ri 02889. Reverend raymond malm - 5 mann avenue, newport, ri 02840. Lamel moore - 135 old main st, manville, ri 02838. Richard ramsey - 458 wayland avenue, providence, ri 02906. Joseph reusch - 52 robins way, warwick, ri 02879.

Filing and Contact Details

Filer

Filer Name
Shooting Star Apartments Inc
EIN
46-2830174
Phone
4015213603
Address
18 PARKIS AVENUE, PROVIDENCE, RI 02907

Signing Officer

Name
Gina Mercure
Title
Interim Executive Director
Phone
4015213603
Signed
2018-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gina Mercure
Formed
2013
Legal Domicile
Ri
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
D'AMBRA CPA
Address
531 HARRIS AVENUE, WOONSOCKET, RI 02895-1872
Preparer
CRAIG D'AMBRA
Phone
4014742300
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

NO CHANGE

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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt051959
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt014343
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0330760
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0345103
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt051953
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt053388
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt051949
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt031562
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03388
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0192240
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt011
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt06
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt07360
IRS990ScheduleA/OtherIncome509Grp/TotalAmt07366
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98650
IRS990ScheduleA/PublicSupportPY509Pct00.98510
IRS990ScheduleA/PublicSupportTotal509Amt0537343
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt051953
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt053388
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt051949
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt045905
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0334148
IRS990ScheduleA/Total509Grp/TotalAmt0537343
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt051966
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt053392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt059309
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt045905
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0334148
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0544720
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0308897
IRS990ScheduleD/BuildingsGrp/DepreciationAmt033119
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0342016
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt050266
IRS990ScheduleD/LandGrp/BookValueAmt090500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt090500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt054071
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1903
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDS IN ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH HELD IN TRUST SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01087
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0465
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01552
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED REAL ESTATE TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt051966
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0400484
IRS990ScheduleD/TotalBookValueOtherAssetsAmt054974
IRS990ScheduleD/TotalExpensesPerForm990Amt050266
IRS990ScheduleD/TotalLiabilityAmt04168
IRS990ScheduleD/TotalRevenuePerForm990Amt051966
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt051966
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt050266
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0AIDS CARE OCEAN STATE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt010463
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES AND PAYROLL REIMBURSEMENT
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CORPORATION ENTERED INTO HUD APPROVED MANAGEMENT AGREEMENT WITH A NON PROFIT CORPORATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX RETURN IS GIVEN TO AN OFFICER OR EXECUTIVE DIRECTOR OF THE CORPORATION TO REVIEW PRIOR TO ELECTRONIC FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD PERFORMS INFORMALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4B. JOSEPH REDDISH III - 23 COREY TRAIL ROAD, WYOMING, RI 02898. DAVID ROBERT - 360 SHAWOMET AVENUE, WARWICK, RI 02889. MARC GAUTHIER - 25 MOHAWK TRAIL, CRANSTON, RI 02921. FRED AZAR - 565 PLEASANT STREET, PAWTUCKET, RI 02860. WILLIAM O'GARA - 111 ARLINGTON AVENUE, PROVIDENCE, RI 02906. FREDERICK JOHNSON - 1180 NARRAGANSETT BLVD, CRANSTON, RI 02905. DIANE SIEDLECKI - 140 WILSON AVENUE, WARWICK, RI 02889. REVEREND RAYMOND MALM - 5 MANN AVENUE, NEWPORT, RI 02840. LAMEL MOORE - 135 OLD MAIN ST, MANVILLE, RI 02838. RICHARD RAMSEY - 458 WAYLAND AVENUE, PROVIDENCE, RI 02906. JOSEPH REUSCH - 52 ROBINS WAY, WARWICK, RI 02879.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE
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 B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02830
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt17633
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0AIDS CARE OCEAN STATE INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1AIDS CARE OCEAN STATE INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0454512
IRS990/TotalAssetsEOYAmt0456340
IRS990/TotalAssetsGrp/BOYAmt0454512
IRS990/TotalAssetsGrp/EOYAmt0456340
IRS990/TotalCompGreaterThan150KInd00

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