Civic Intelligence

Heat Seek Inc.

990EZ • Fiscal year 2018 • EIN 47-2309345

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 31, 2018

150 Court Street No 2nd FLBrooklyn, NY 11201

(757) 619-9808

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Source year 2018

Liabilities / Revenue

41st percentile

0.04x

Higher debt load relative to revenue than 41% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Source year 2018

Net Margin

55th percentile

2.6%

Higher net margin than 55% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Source year 2018

Top Officer Pay

87th percentile

$45,500

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 66.3% of source-year revenue.

2018 filings • NTEE L • <$500k nonprofits • Source year 2018

Asset Growth

82nd percentile

16%

Faster asset growth than 82% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-67%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$32,927

Up $4,468 (+16%) from 2017

Net Assets

Up

$30,219

Up $1,760 (+6.2%) from 2017

Liabilities

Up

$2,708

Up $2,708 from 2017

Revenue

Down

$68,585

Down $141,654 (-67%) from 2017

Expenses

Down

$66,825

Down $114,955 (-63%) from 2017

Net Income

Down

$1,760

Down $26,699 (-94%) from 2017

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2017: $28,459Liabilities 2017: $0Net Assets 2017: $28,4592017Assets 2018: $32,927Liabilities 2018: $2,708Net Assets 2018: $30,2192018Assets 2019: $9,214Liabilities 2019: $0Net Assets 2019: $9,2142019Assets 2020: $35,383Liabilities 2020: $540Net Assets 2020: $34,8432020Assets 2021: $31,563Liabilities 2021: $0Net Assets 2021: $31,5632021Assets 2022: $105,274Liabilities 2022: $0Net Assets 2022: $105,2742022Assets 2023: $68,238Liabilities 2023: $0Net Assets 2023: $68,2382023Assets 2024: $14,790Liabilities 2024: $0Net Assets 2024: $14,7902024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2018

Assets$32,927
Liabilities$2,708
Net Assets$30,219

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2017: $210,239Expenses 2017: $181,780Net Income 2017: $28,4592017Revenue 2018: $68,585Expenses 2018: $66,825Net Income 2018: $1,7602018Revenue 2019: $13,190Expenses 2019: $34,195Net Income 2019: -$21,0052019Revenue 2020: $64,027Expenses 2020: $38,544Net Income 2020: $25,4832020Revenue 2021: $77,149Expenses 2021: $80,429Net Income 2021: -$3,2802021Revenue 2022: $210,274Expenses 2022: $136,563Net Income 2022: $73,7112022Revenue 2023: $185,261Expenses 2023: $222,297Net Income 2023: -$37,0362023Revenue 2024: $6,200Expenses 2024: $59,648Net Income 2024: -$53,4482024Revenue 2025: $3,212Expenses 2025: $18,002Net Income 2025: -$14,7902025

Highlighted filing

2018

Revenue$68,585
Expenses$66,825
Net Income$1,760
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 31, 2018
Return Version
2017v2.3
Gross Receipts
$69,489
Mission and Program Overview

Mission

We strive to harness the power of technology to provide reliable, objective, accurate, and open data to make the world a better place to live.

Distribute technology to enable low-income tenants to track the temperature in their apartments.

Program Services

DescriptionGrantsExpenses
OUR MISSION IS TO MAKE THE CITY A SAFER, WARMER PLACE TO LIVE FOR ALL NEW YORKERS. HEAT SEEK HELPS TENANTS RESOLVE THEIR HOME HEATING ISSUES BY PROVIDING THE OBJECTIVE, RELIABLE TEMPERATURE DATA THEY NEED TO HOLD THEIR LANDLORDS ACCOUNTABLE. WORKING CLOSELY WITH TENANT ORGANIZERS, PUBLIC INTEREST ATTORNEYS, AND CITY OFFICIALS, WE INSTALL PROPRIETARY TEMPERATURE SENSORS AND OFFER TECHNICAL EXPERTISE TO ASSIST LOW-INCOME TENANTS IN DOCUMENTING WHEN THEIR LANDLORDS FAIL TO PROVIDE ADEQUATE HEAT DURING THE WINTERTIME. BY FOCUSING ON TENANTS AT RISK BEING FORCED FROM RENT-STABILIZED AND OTHER AFFORDABLE HOUSING, WE ENSURE THAT SENSORS ARE PLACED WITH THE TENANTS WHO NEED OUR DATA THE MOST. DURING THE 2017-2018 YEAR, HEAT SEEK INSTALLED SENSORS IN 49 HOMES.$0$60,085
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NOELLE FRANCOISExecutive DirectorFT$45,500-$45,500
ALEX THINATHChair/ Treasurer-$0--
CHARLOTTE LAFFLERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Heat Seek Inc
EIN
47-2309345
Phone
7576199808
Address
150 COURT STREET NO 2ND FL, BROOKLYN, NY 11201

Signing Officer

Name
Noelle Francois
Title
Executive Director
Phone
7576199808
Signed
2018-10-31

Preparer

Firm
Wegner Cpas Llp
Address
230 PARK AVE FL 3, NEW YORK, NY 10169-0005
Preparer
Yigit Uctum CPA
Phone
2125511724
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 7 - Sales of Inventory

Income: gross receipts: 1,129. Returns and allowances: 0. Less cost of goods sold: 904. Gross profit: 225. Cost of goods sold: inventory at beginning of year: 0. Merchandise purchased: 904. Cost of labor: 0. Materials and supplies: 0. Other costs: 0. Inventory at end of year: 0. Cost of goods sold: 904.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: temperature sensors. Amount: 29,203. Description: office expenses. Amount: 1,389. Description: conferences, conventions, meetings. Amount: 184. Description: payroll taxes. Amount: 3,509. Description: insurance. Amount: 889. Total to form 990-ez, line 16: 35,174.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable and accrued expenses. Beg. Of year amount: 0. End of year amount: 2,708.

Raw XML Appendix139 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INCOME: GROSS RECEIPTS: 1,129. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 904. GROSS PROFIT: 225. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 904. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 904.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: TEMPERATURE SENSORS. AMOUNT: 29,203. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 1,389. DESCRIPTION: CONFERENCES, CONVENTIONS, MEETINGS. AMOUNT: 184. DESCRIPTION: PAYROLL TAXES. AMOUNT: 3,509. DESCRIPTION: INSURANCE. AMOUNT: 889. TOTAL TO FORM 990-EZ, LINE 16: 35,174.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE AND ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 2,708.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NOELLE FRANCOIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07576199808
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEAT SEEK INC
ReturnHeader/Filer/BusinessNameControlTxt0HEAT
ReturnHeader/Filer/EIN0472309345
ReturnHeader/Filer/PhoneNum07576199808
ReturnHeader/Filer/USAddress/AddressLine1Txt0150 COURT STREET NO 2ND FL
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
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ReturnHeader/FilingSecurityInformation/IPDt02018-10-31
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:19:37
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390974031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEGNER CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0230 PARK AVE FL 3
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0101690005
ReturnHeader/PreparerPersonGrp/PhoneNum02125511724
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YIGIT UCTUM CPA
ReturnHeader/ReturnTs02018-11-01T09:28:44-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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Filings