Civic Intelligence

Whittier Falls Inc

990 • Fiscal year 2016 • EIN 47-0985665

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 31, 2017

Organization ProfileN/A
62 Whittier StreetDover, NH 03820

(603) 742-5804

Siviq Scores

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

Liabilities / Assets

85th percentile

0.57x

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

2016 filings • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

3.80x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • $1M-$5M nonprofits • Source year 2016

Net Margin

24th percentile

-12%

Higher net margin than 24% of similar nonprofits.

2016 filings • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

82nd percentile

$131,290

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

2016 filings • $1M-$5M nonprofits • Source year 2016

Asset Growth

32nd percentile

-2.7%

Faster asset growth than 32% of similar nonprofits.

2016 filings • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

49th percentile

1.4%

Faster revenue growth than 49% of similar nonprofits.

2016 filings • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$3,857,807

Down $105,385 (-2.7%) from 2015

Net Assets

Down

$1,654,826

Down $70,338 (-4.1%) from 2015

Liabilities

Down

$2,202,981

Down $35,047 (-1.6%) from 2015

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin24th percentile

Revenue

Up

$579,096

Up $7,972 (+1.4%) from 2015

Expenses

Up

$649,434

Up $36,190 (+5.9%) from 2015

Net Income

Down

-$70,338

Down $28,218 (-67%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2014: $4,050,957Liabilities 2014: $2,282,767Net Assets 2014: $1,768,1902014Assets 2015: $3,963,192Liabilities 2015: $2,238,028Net Assets 2015: $1,725,1642015Assets 2016: $3,857,807Liabilities 2016: $2,202,981Net Assets 2016: $1,654,8262016Assets 2017: $3,756,022Liabilities 2017: $2,165,382Net Assets 2017: $1,590,6402017Assets 2018: $3,663,918Liabilities 2018: $2,123,757Net Assets 2018: $1,540,1612018Assets 2019: $3,566,345Liabilities 2019: $2,084,089Net Assets 2019: $1,482,2562019Assets 2020: $3,460,715Liabilities 2020: $2,038,448Net Assets 2020: $1,422,2672020Assets 2021: $3,402,140Liabilities 2021: $2,064,896Net Assets 2021: $1,337,2442021Assets 2022: $3,317,629Liabilities 2022: $1,998,960Net Assets 2022: $1,318,6692022Assets 2023: $3,171,461Liabilities 2023: $1,890,869Net Assets 2023: $1,280,5922023Assets 2024: $3,135,106Liabilities 2024: $1,868,813Net Assets 2024: $1,266,2932024

Highlighted filing

2016

Assets$3,857,807
Liabilities$2,202,981
Net Assets$1,654,826
Open 2016 Filing

Operations Trend

Revenue Growth49th percentile

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

$1.0M$500K$0-$500KRevenue 2014: $310,615Expenses 2014: $285,039Net Income 2014: $25,5762014Revenue 2015: $571,124Expenses 2015: $613,244Net Income 2015: -$42,1202015Revenue 2016: $579,096Expenses 2016: $649,434Net Income 2016: -$70,3382016Revenue 2017: $588,635Expenses 2017: $652,821Net Income 2017: -$64,1862017Revenue 2018: $606,921Expenses 2018: $657,400Net Income 2018: -$50,4792018Revenue 2019: $622,127Expenses 2019: $680,032Net Income 2019: -$57,9052019Revenue 2020: $640,883Expenses 2020: $700,872Net Income 2020: -$59,9892020Revenue 2021: $639,742Expenses 2021: $724,765Net Income 2021: -$85,0232021Revenue 2022: $641,045Expenses 2022: $659,620Net Income 2022: -$18,5752022Revenue 2023: $666,396Expenses 2023: $704,473Net Income 2023: -$38,0772023Revenue 2024: $722,164Expenses 2024: $736,463Net Income 2024: -$14,2992024

Highlighted filing

2016

Revenue$579,096
Expenses$649,434
Net Income-$70,338
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 31, 2017
Return Version
2016v3.0
Gross Receipts
$579,096
Mission and Program Overview

Mission

Provide housing for low income elderly people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,918,670$3,105,826▲ $187,156
Rtn Earn Endowment Incm Other Fnds$1,725,164$1,654,826▼ $70,338
Savings and Temporary Cash Investments$887,068$582,748▼ $304,320
Cash and Non-Interest-Bearing Accounts$66,485$90,741▲ $24,256
Investments Other Securities$38,492$41,269▲ $2,777
Intangible Assets$28,514$26,965▼ $1,549
Prepaid Expenses and Deferred Charges$5,936$6,169▲ $233
Accounts Receivable$18,027$4,089▼ $13,938
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,963,192$3,857,807▼ $105,385
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,150,914$2,114,160▼ $36,754
Accounts Payable and Accrued Expenses$48,585$45,412▼ $3,173
Other Liabilities$38,494$41,269▲ $2,775
Deferred Revenue$35$2,140▲ $2,105
Total Liabilities$2,238,028$2,202,981▼ $35,047
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,725,164$1,654,826▼ $70,338
Total Liabilities and Net Assets / Fund Balance$3,963,192$3,857,807▼ $105,385

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,753,591$289,277$3,042,868
Land$330,458-$330,458
Equipment$21,777$16,771$38,548
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleOtherTotal
Allan KransPresident, Secretary, Dire$131,290$131,290
Wendy TenneyTreasurer$84,881$84,881
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$573,873
Investment Income
$1,106
Other Revenue
$4,117
Change in Net Assets
$-70,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$526,292
Salaries, Compensation, and Employee Benefits$123,142
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$144,949
Other Salaries and Wages---$112,059
Interest---$99,296
Fees for Services Management---$42,995
Insurance---$18,274
Other Expenses---$11,881
Payroll Taxes---$11,083
Office Expenses---$7,965
Fees for Services Accounting---$4,600
Fees for Services Legal---$1,474
All Other Expenses---$566
Advertising---$154
Total Functional Expenses$0$0$0$649,434
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$41,269
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“On May 27, 2014, Whittier Falls, Inc. issued Three Hundred (300) shares of common capital stock, without par value, to the Dover Housing Authority, in consideration for the payment of $300. Dover Housing Authority is the sole shareholder of Whittier Falls, Inc.”

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

“The board treasurer reviews the 990 and provides a copy to all the board members before its is submitted to the irs.”

Form 990, Part VI, Section C, line 19

“All documents are available to the public.”

Filing and Contact Details

Filer

Filer Name
Whittier Falls Inc
EIN
47-0985665
Phone
6037425804
Address
62 WHITTIER STREET, DOVER, NH 03820

Signing Officer

Name
Allan B Krans
Title
President
Phone
6037425804
Signed
2017-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allan B Krans
Formed
2014
Legal Domicile
Nh
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ouellette & Associates Pa
Address
1111 LISBON STREET, LEWISTON, ME 04240
Preparer
Steven R Lamontagne CPA
Phone
2077860328
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“Income Taxes The Corporation has been granted tax-exempt status under Section 501(c)(25) of the Internal Revenue Code. Therefore, no provision for income taxes has been charged to operations in the current year. The Corporation is not a private foundation because it receives a substantial part of its support from a governmental unit. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Corporation and recognize a tax benefit or liability if the Corporation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Corporation and has concluded that, as of December 31, 2016 and 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a benefit or liability or disclosure in the financial statements. The Corporation's tax returns are subject to routine audits by taxing jurisdictions for three years after they were filed which includes the tax years ending December 31, 2014 thru 2016; however, there are currently no audits for any tax periods in progress.”

Raw XML Appendix311 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income Taxes The Corporation has been granted tax-exempt status under Section 501(c)(25) of the Internal Revenue Code. Therefore, no provision for income taxes has been charged to operations in the current year. The Corporation is not a private foundation because it receives a substantial part of its support from a governmental unit. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Corporation and recognize a tax benefit or liability if the Corporation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Corporation and has concluded that, as of December 31, 2016 and 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a benefit or liability or disclosure in the financial statements. The Corporation's tax returns are subject to routine audits by taxing jurisdictions for three years after they were filed which includes the tax years ending December 31, 2014 thru 2016; however, there are currently no audits for any tax periods in progress.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0On May 27, 2014, Whittier Falls, Inc. issued Three Hundred (300) shares of common capital stock, without par value, to the Dover Housing Authority, in consideration for the payment of $300. Dover Housing Authority is the sole shareholder of Whittier Falls, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD TREASURER REVIEWS THE 990 AND PROVIDES A COPY TO ALL THE BOARD MEMBERS BEFORE ITS IS SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,857,807
Liabilities
$2,202,981
Net assets
$1,654,826
Revenue
$579,096
Expenses
$649,434
Net income
-$70,338
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.14$1.87$1.27$0.72$0.74$0.01
2023Detailed filing. Detailed filing data is available for this year.$3.17$1.89$1.28$0.67$0.70$0.04
2022Detailed filing. Detailed filing data is available for this year.$3.32$2.00$1.32$0.64$0.66$0.02
2021Detailed filing. Detailed filing data is available for this year.$3.40$2.06$1.34$0.64$0.72$0.09
2020Detailed filing. Detailed filing data is available for this year.$3.46$2.04$1.42$0.64$0.70$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.57$2.08$1.48$0.62$0.68$0.06
2018Detailed filing. Detailed filing data is available for this year.$3.66$2.12$1.54$0.61$0.66$0.05
2017Detailed filing. Detailed filing data is available for this year.$3.76$2.17$1.59$0.59$0.65$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.86$2.20$1.65$0.58$0.65$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.96$2.24$1.73$0.57$0.61$0.04
2014Summary only. Only limited summary data is available for this year.$4.05$2.28$1.77$0.31$0.29$0.03