Civic Intelligence

Whittier Falls Inc

990 • Fiscal year 2018 • EIN 47-0985665

Jan 01, 2018 to Dec 31, 2018 • Filed on May 31, 2019

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

87th percentile

0.58x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

3.50x

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

2018 filings • $1M-$5M nonprofits • Source year 2018

Net Margin

24th percentile

-8.3%

Higher net margin than 24% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

90th percentile

$194,138

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 32.0% of source-year revenue.

2018 filings • $1M-$5M nonprofits • Source year 2018

Asset Growth

34th percentile

-2.5%

Faster asset growth than 34% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

48th percentile

3.1%

Faster revenue growth than 48% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$3,663,918

Down $92,104 (-2.5%) from 2017

Net Assets

Down

$1,540,161

Down $50,479 (-3.2%) from 2017

Liabilities

Down

$2,123,757

Down $41,625 (-1.9%) from 2017

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin24th percentile

Revenue

Up

$606,921

Up $18,286 (+3.1%) from 2017

Expenses

Up

$657,400

Up $4,579 (+0.7%) from 2017

Net Income

Up

-$50,479

Up $13,707 (+21%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2018

Assets$3,663,918
Liabilities$2,123,757
Net Assets$1,540,161
Open 2018 Filing

Operations Trend

Revenue Growth48th 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

2018

Revenue$606,921
Expenses$657,400
Net Income-$50,479
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 31, 2019
Return Version
2018v3.1
Gross Receipts
$606,921
Mission and Program Overview

Mission

Provide housing for low income elderly people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,131,966$3,011,122▼ $120,844
Rtn Earn Endowment Incm Other Fnds$1,590,640$1,540,161▼ $50,479
Savings and Temporary Cash Investments$465,918$535,020▲ $69,102
Cash and Non-Interest-Bearing Accounts$77,388$44,344▼ $33,044
Investments Other Securities$40,230$41,332▲ $1,102
Intangible Assets$25,417$23,869▼ $1,548
Prepaid Expenses and Deferred Charges$6,411$6,662▲ $251
Accounts Receivable$8,692$1,569▼ $7,123
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,756,022$3,663,918▼ $92,104
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,075,384$2,034,773▼ $40,611
Accounts Payable and Accrued Expenses$49,733$47,545▼ $2,188
Other Liabilities$40,230$41,404▲ $1,174
Deferred Revenue$35$35→ $0
Total Liabilities$2,165,382$2,123,757▼ $41,625
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,590,640$1,540,161▼ $50,479
Total Liabilities and Net Assets / Fund Balance$3,756,022$3,663,918▼ $92,104

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,647,656$614,206$3,261,862
Land$330,458-$330,458
Equipment$33,008$36,184$69,192
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleOtherTotal
Wendy TenneyTreasurer$134,928$134,928

Board Members and Trustees

NameTitle
Allan KransPresident, Secretary, Dire
Jack M BuckleyDirector
Katherine Parker-wrightDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$604,073
Investment Income
$1,358
Other Revenue
$1,490
Change in Net Assets
$-50,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$538,289
Salaries, Compensation, and Employee Benefits$119,111
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$180,488
Other Salaries and Wages---$108,391
Interest---$95,146
Fees for Services Management---$42,995
Insurance---$20,363
Payroll Taxes---$10,720
Office Expenses---$9,940
Other Expenses---$5,427
Fees for Services Accounting---$4,725
All Other Expenses---$1,025
Advertising---$214
Fees for Services Legal---$111
Total Functional Expenses$0$0$0$657,400
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$41,404
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
2019-05-31
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, 2017 and 2016, 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, 2015 thru 2017; however, there are currently no audits for any tax periods in progress.”

Raw XML Appendix346 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.

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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, 2017 AND 2016, 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, 2015 THRU 2017; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt017711
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt020795
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ALLAN KRANS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT, SECRETARY, DIRE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0194138
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03756022
IRS990/TotalAssetsEOYAmt03663918
IRS990/TotalAssetsGrp/BOYAmt03756022
IRS990/TotalAssetsGrp/EOYAmt03663918
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0657400
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02165382
IRS990/TotalLiabilitiesEOYAmt02123757
IRS990/TotalLiabilitiesGrp/BOYAmt02165382
IRS990/TotalLiabilitiesGrp/EOYAmt02123757
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01590640
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01540161
IRS990/TotalOtherCompensationAmt070962
IRS990/TotalProgramServiceExpensesAmt0657400
IRS990/TotalProgramServiceRevenueAmt0604073
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01358
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0605563
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0606921
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03756022
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03663918
IRS990/TotReportableCompRltdOrgAmt0258104
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt062 WHITTIER STREET
IRS990/USAddress/CityNm0DOVER
IRS990/USAddress/StateAbbreviationCd0NH
IRS990/USAddress/ZIPCd003820
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALLAN B KRANS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06037425804
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WHITTIER FALLS INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O DOVER HOUSING AUTHORITY
ReturnHeader/Filer/BusinessNameControlTxt0WHIT
ReturnHeader/Filer/EIN0470985665
ReturnHeader/Filer/PhoneNum06037425804
ReturnHeader/Filer/USAddress/AddressLine1Txt062 WHITTIER STREET
ReturnHeader/Filer/USAddress/CityNm0DOVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NH
ReturnHeader/Filer/USAddress/ZIPCd003820
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId032BD575272EA731415C643E284197BD4F77D20E2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.231.208.22
ReturnHeader/FilingSecurityInformation/IPDt02019-05-31
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm007:14:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010448675
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OUELLETTE & ASSOCIATES PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01111 LISBON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEWISTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004240
ReturnHeader/PreparerPersonGrp/PhoneNum02077860328
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN R LAMONTAGNE CPA
ReturnHeader/ReturnTs02019-06-21T07:14:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,663,918
Liabilities
$2,123,757
Net assets
$1,540,161
Revenue
$606,921
Expenses
$657,400
Net income
-$50,479
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