Civic Intelligence

Shooting Star Apartments Inc.

990 • Fiscal year 2020 • EIN 46-2830174

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 12, 2020

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

84th percentile

0.30x

Higher debt load relative to assets than 84% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

2.53x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

22nd percentile

-19%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

38th percentile

-2.1%

Faster asset growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

64th percentile

0.0%

Faster revenue growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$451,122

Down $9,869 (-2.1%) from 2019

Net Assets

Down

$316,020

Down $10,206 (-3.1%) from 2019

Liabilities

Up

$135,102

Up $337 (+0.3%) from 2019

Revenue

Up

$53,422

Up $24 (+0.0%) from 2019

Expenses

Down

$63,628

Down $1,408 (-2.2%) from 2019

Net Income

Up

-$10,206

Up $1,432 (+12%) from 2019

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

2020

Assets$451,122
Liabilities$135,102
Net Assets$316,020

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

2020

Revenue$53,422
Expenses$63,628
Net Income-$10,206
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 12, 2020
Return Version
2019v5.1
Gross Receipts
$53,422
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$391,623$396,876▲ $5,253
Cash and Non-Interest-Bearing Accounts$15,566$6,125▼ $9,441
Accounts Receivable$217$925▲ $708
Total Assets$460,991$451,122▼ $9,869
Other Assets Total$53,585$47,196▼ $6,389
Liabilities
Mortgage Notes Payable Secured by Investment Property$103,068$103,068→ $0
Accounts Payable and Accrued Expenses$30,655$31,225▲ $570
Other Liabilities$780$780→ $0
Deferred Revenue$262$29▼ $233
Total Liabilities$134,765$135,102▲ $337
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$326,226$316,020▼ $10,206
Total Net Assets Fund Balance$326,226$316,020▼ $10,206
Total Liabilities and Net Assets / Fund Balance$460,991$451,122▼ $9,869

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$291,796$50,220$342,016
Land$90,500-$90,500
Other Land Buildings$14,580$2,654$17,234
Other Assets Org$903--
Compensation and Service Providers

Board Members and Trustees

NameTitle
B Joseph Reddish IiiChair
Marc GauthierVice Chair
Diane DiedleckiDirector
Jay JoynesDirector
Joseph ReuschDirector
Lamel MooreDirector
Raymond MalmDirector
Richard RamseyDirector
Siena NapoleaonDirector
Gina MercureExecutive Director
David RobertSecretary
Reuben KloppersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$53,388
Investment Income
$11
Other Revenue
$23
Change in Net Assets
$-10,206

Audited Revenue Reconciliation

Revenue per Audited Statements
$53,422
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$53,422
Total Revenue per Form 990
$53,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,628
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$10,429--$10,429
Other Expenses$7,744--$7,744
Fees for Services Accounting$5,500--$5,500
Insurance$4,403--$4,403
Fees for Services Management$2,775--$2,775
Office Expenses$1,298--$1,298
Total Functional Expenses$63,628$0$0$63,628

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$63,628
Total Expenses per Audited Statements$63,628
Total Expenses per Form 990$63,628
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$11,547
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
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 35% controlled entity
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. Reuben kloppers - 166 valley street apt 6m205, providence, ri 02909. Diane diedlecki - 140 wilson avenue, warwick, ri 02889. Raymond malm - 5 mann avenue, newport, ri 02840. Lamel moore - 135 old main street, manville, ri 02838. Richard ramsey - 458 wayland avenue, providence, ri 02906. Joseph reusch - 52 robins way, warwick, ri 02879. Jay joynes - 35 kenyon st, apt 5, providence, ri 02903. Siena napoleaon - 11 fourth st, providence, ri 02906.

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
Executive Director
Phone
4015213603
Signed
2020-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gina Mercure
Formed
2013
Legal Domicile
Ri
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

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/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-10206
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt053411
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt032
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt053388
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt053388
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt051953
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt053388
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt051949
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0264066
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt032
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt023
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt07360
IRS990ScheduleA/OtherIncome509Grp/TotalAmt07389
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97270
IRS990ScheduleA/PublicSupportPY509Pct00.97200
IRS990ScheduleA/PublicSupportTotal509Amt0264066
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt053388
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt053388
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt051953
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt053388
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt051949
IRS990ScheduleA/Total509Grp/TotalAmt0264066
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt053422
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt053398
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt051966
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt053392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt059309
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0271487
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0291796
IRS990ScheduleD/BuildingsGrp/DepreciationAmt050220
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0342016
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt063628
IRS990ScheduleD/LandGrp/BookValueAmt090500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt090500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt046293
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1903
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDS IN ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH HELD IN TRUST SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014580
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02654
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017234
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt053422
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0396876
IRS990ScheduleD/TotalBookValueOtherAssetsAmt047196
IRS990ScheduleD/TotalExpensesPerForm990Amt063628
IRS990ScheduleD/TotalLiabilityAmt0780
IRS990ScheduleD/TotalRevenuePerForm990Amt053422
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt053422
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt063628
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0AIDS CARE OCEAN STATE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt011547
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. REUBEN KLOPPERS - 166 VALLEY STREET APT 6M205, PROVIDENCE, RI 02909. DIANE DIEDLECKI - 140 WILSON AVENUE, WARWICK, RI 02889. RAYMOND MALM - 5 MANN AVENUE, NEWPORT, RI 02840. LAMEL MOORE - 135 OLD MAIN STREET, MANVILLE, RI 02838. RICHARD RAMSEY - 458 WAYLAND AVENUE, PROVIDENCE, RI 02906. JOSEPH REUSCH - 52 ROBINS WAY, WARWICK, RI 02879. JAY JOYNES - 35 KENYON ST, APT 5, PROVIDENCE, RI 02903. SIENA NAPOLEAON - 11 FOURTH ST, PROVIDENCE, RI 02906.
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/InvolvedAmt02775
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt18772
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

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