Civic Intelligence

The Residence at Sherburne Commons Inc

990 • Fiscal year 2016 • EIN 47-1748506

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 19, 2017

40 Sherburne CommonsNantucket, MA 02554

(508) 228-4080

Siviq Scores

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

Liabilities / Assets

91st percentile

1.00x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

2.01x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

45th percentile

0.8%

Higher net margin than 45% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

55th percentile

$131,562

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

52nd percentile

2.1%

Faster asset growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

32nd percentile

-3.5%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,351,151

Up $109,750 (+2.1%) from 2015

Net Assets

Up

$18,978

Up $22,285 (+674%) from 2015

Liabilities

Up

$5,332,173

Up $87,465 (+1.7%) from 2015

Revenue

Down

$2,659,095

Down $95,629 (-3.5%) from 2015

Expenses

Down

$2,636,810

Down $120,813 (-4.4%) from 2015

Net Income

Up

$22,285

Up $25,184 (+869%) from 2015

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2014: $42,092Liabilities 2014: $42,5002014Assets 2015: $5,241,401Liabilities 2015: $5,244,708Net Assets 2015: -$3,3072015Assets 2016: $5,351,151Liabilities 2016: $5,332,173Net Assets 2016: $18,9782016Assets 2017: $5,086,040Liabilities 2017: $4,443,626Net Assets 2017: $642,4142017Assets 2018: $4,990,735Liabilities 2018: $3,722,067Net Assets 2018: $1,268,6682018Assets 2019: $5,454,930Liabilities 2019: $3,274,554Net Assets 2019: $2,180,3762019Assets 2020: $5,577,179Liabilities 2020: $3,247,806Net Assets 2020: $2,329,3732020Assets 2021: $5,800,584Liabilities 2021: $2,708,408Net Assets 2021: $3,092,1762021Assets 2022: $6,461,485Liabilities 2022: $3,347,194Net Assets 2022: $3,114,2912022Assets 2023: $6,119,691Liabilities 2023: $3,325,919Net Assets 2023: $2,793,7722023Assets 2024: $5,913,199Liabilities 2024: $3,206,162Net Assets 2024: $2,707,0372024

Highlighted filing

2016

Assets$5,351,151
Liabilities$5,332,173
Net Assets$18,978

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2014: $0Expenses 2014: $408Net Income 2014: -$4082014Revenue 2015: $2,754,724Expenses 2015: $2,757,623Net Income 2015: -$2,8992015Revenue 2016: $2,659,095Expenses 2016: $2,636,810Net Income 2016: $22,2852016Revenue 2017: $3,557,699Expenses 2017: $2,934,263Net Income 2017: $623,4362017Revenue 2018: $3,569,133Expenses 2018: $2,942,879Net Income 2018: $626,2542018Revenue 2019: $3,887,263Expenses 2019: $2,975,555Net Income 2019: $911,7082019Revenue 2020: $3,195,824Expenses 2020: $3,046,827Net Income 2020: $148,9972020Revenue 2021: $3,676,956Expenses 2021: $2,914,153Net Income 2021: $762,8032021Revenue 2022: $2,886,756Expenses 2022: $2,864,641Net Income 2022: $22,1152022Revenue 2023: $2,917,025Expenses 2023: $3,237,544Net Income 2023: -$320,5192023Revenue 2024: $3,698,316Expenses 2024: $3,785,051Net Income 2024: -$86,7352024

Highlighted filing

2016

Revenue$2,659,095
Expenses$2,636,810
Net Income$22,285
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 19, 2017
Return Version
2016v3.0
Gross Receipts
$2,659,095
Mission and Program Overview

Mission

To provide assisted living and independent living for seniors 55 years of age and older and other senior and medical-related services to nantucket's elderly community.

To operate a non-profit residence for individuals 55 years of age or older and provide assisted living,independent living and dementia care and medical related services to nantucket's elderly community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,112,969$5,001,284▼ $111,685
Cash and Non-Interest-Bearing Accounts$52,727$291,506▲ $238,779
Loans From Officers Directors$50,000$50,000→ $0
Prepaid Expenses and Deferred Charges$16,637$27,822▲ $11,185
Accounts Receivable$59,068$25,539▼ $33,529
Total Assets$5,241,401$5,351,151▲ $109,750
Other Assets Total$0$5,000▲ $5,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,916,629$4,916,629→ $0
Accounts Payable and Accrued Expenses$167,634$203,881▲ $36,247
Deferred Revenue$110,445$161,663▲ $51,218
Total Liabilities$5,244,708$5,332,173▲ $87,465
Net Assets / Fund Balance
Unrestricted Net Assets$-3,307$18,978▲ $22,285
Total Net Assets Fund Balance$-3,307$18,978▲ $22,285
Total Liabilities and Net Assets / Fund Balance$5,241,401$5,351,151▲ $109,750

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,844,766$261,862$5,106,628
Other Land Buildings$156,518$16,852$173,370
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Charles GiffordPrior Executive DirectorFT$131,562$131,562
Kevin ComickExecutive DirectorFT$16,491$16,491

Board Members and Trustees

NameTitle
David WorthPresident
Bruce MillerDirector
Egeorffrey VerneyDirector
Jeanne RiggsDirector
Melissa PhilbrickDirector
Diane TiptonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,659,095
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$22,285

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,659,095
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,659,095
Total Revenue per Form 990
$2,659,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,443,200
Salaries, Compensation, and Employee Benefits$1,193,610
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$767,980$140,833-$908,813
Interest$177,314--$177,314
Current Officers, Directors, Trustees, and Key Employees-$148,053-$148,053
Depreciation Depletion$139,991--$139,991
Insurance$110,244$24,894-$135,138
Payroll Taxes$67,295$22,901-$90,196
All Other Expenses$80,909$8,771-$89,680
Advertising$53,712--$53,712
Other Employee Benefits$33,761$12,787-$46,548
Other Expenses$44,450$24,417-$44,450
Fees for Services Accounting-$36,140-$36,140
Occupancy$12,392--$12,392
Office Expenses-$11,941-$11,941
Total Functional Expenses$2,203,468$433,342$0$2,636,810

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,636,810
Total Expenses per Audited Statements$2,636,810
Total Expenses per Form 990$2,636,810
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$50,000$50,000→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
No
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 11B

Review of the form 990 was performed by the board of directors prior to the filing of the form 990.

Form 990, Part VI, Section C, Line 18

AVAILABLE UPON REQUEST

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Residence at Sherburne Commons Inc
EIN
47-1748506
Phone
5082284080
Address
40 SHERBURNE COMMONS, NANTUCKET, MA 02554

Signing Officer

Name
David Dworth
Title
President
Phone
5082284080
Signed
2017-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Dworth
Formed
2014
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
51
Volunteers
0

Preparer

Firm
Lynch Malloy Marini Llp
Address
9 BAY STATE COURT, BREWSTER, MA 02631
Preparer
George Wmalloy CPA
Phone
5082552240
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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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IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt022285
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02659095
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02659095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02754724
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05413819
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt05413819
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02659095
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02754724
IRS990ScheduleA/Total509Grp/TotalAmt05413819
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02659095
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02754724
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05413819
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04844766
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0261862
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05106628
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02636810
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0156518
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016852
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0173370
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02659095
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05001284
IRS990ScheduleD/TotalExpensesPerForm990Amt02636810
IRS990ScheduleD/TotalRevenuePerForm990Amt02659095
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02659095
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02636810
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0131562
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHARLES GIFFORD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRIOR EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0131562
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS APPROVE THE EXECUTIVE DIRECTOR'S SALARY.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt050000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0FOR ACQUISITION COSTS ASSOCIATED WITH LEGAL FEES.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt050000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DAVID WORTH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DAVID WORTH IS THE PRESIDENT OF THE ORGANIZATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt050000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW OF THE FORM 990 WAS PERFORMED BY THE BOARD OF DIRECTORS PRIOR TO THE FILING OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05241401
IRS990/TotalAssetsEOYAmt05351151
IRS990/TotalAssetsGrp/BOYAmt05241401
IRS990/TotalAssetsGrp/EOYAmt05351151
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt051
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0433342
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02203468
IRS990/TotalFunctionalExpensesGrp/TotalAmt02636810
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05244708
IRS990/TotalLiabilitiesEOYAmt05332173
IRS990/TotalLiabilitiesGrp/BOYAmt05244708
IRS990/TotalLiabilitiesGrp/EOYAmt05332173
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3307
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018978
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0177080
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0177080
IRS990/TotalProgramServiceExpensesAmt02203468
IRS990/TotalProgramServiceRevenueAmt02659095
IRS990/TotalReportableCompFromOrgAmt0148053
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02659095
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02659095
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05241401
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05351151
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-3307
IRS990/UnrestrictedNetAssetsGrp/EOYAmt018978
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt019 LONG POND DRIVE
IRS990/USAddress/CityNm0NANTUCKET
IRS990/USAddress/StateAbbreviationCd0MA

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