Civic Intelligence

Savin Rock Communities Inc.

990EZ • Fiscal year 2018 • EIN 47-3073109

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 07, 2019

15 Glade StreetWest Haven, CT 06516

(203) 934-8671

Siviq Scores

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

Liabilities / Assets

96th percentile

1.30x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

1.83x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

13th percentile

-29%

Higher net margin than 13% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

80th percentile

$8,000

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

73rd percentile

21%

Faster asset growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

33%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$157,428

Up $27,247 (+21%) from 2017

Net Assets

Down

-$47,186

Down $31,882 (-208%) from 2017

Liabilities

Up

$204,614

Up $59,129 (+41%) from 2017

Revenue

Up

$111,592

Up $27,481 (+33%) from 2017

Expenses

Down

$143,474

Down $1,796 (-1.2%) from 2017

Net Income

Up

-$31,882

Up $29,277 (+48%) from 2017

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2017: $130,181Liabilities 2017: $145,485Net Assets 2017: -$15,3042017Assets 2018: $157,428Liabilities 2018: $204,614Net Assets 2018: -$47,1862018Assets 2019: $257,052Liabilities 2019: $327,663Net Assets 2019: -$70,6112019Assets 2020: $2,962,905Liabilities 2020: $656,656Net Assets 2020: $2,306,2492020Assets 2021: $4,949,836Liabilities 2021: $711,385Net Assets 2021: $4,238,4512021Assets 2022: $7,525,612Liabilities 2022: $896,174Net Assets 2022: $6,629,4382022Assets 2023: $21,331,309Liabilities 2023: $9,622,355Net Assets 2023: $11,708,9542023Assets 2024: $44,723,113Liabilities 2024: $31,903,194Net Assets 2024: $12,819,9192024

Highlighted filing

2018

Assets$157,428
Liabilities$204,614
Net Assets-$47,186

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $84,111Expenses 2017: $145,270Net Income 2017: -$61,1592017Revenue 2018: $111,592Expenses 2018: $143,474Net Income 2018: -$31,8822018Revenue 2019: $181,256Expenses 2019: $204,681Net Income 2019: -$23,4252019Revenue 2020: $544,910Expenses 2020: $294,507Net Income 2020: $250,4032020Revenue 2021: $4,197,855Expenses 2021: $2,265,653Net Income 2021: $1,932,2022021Revenue 2022: $4,287,266Expenses 2022: $2,128,459Net Income 2022: $2,158,8072022Revenue 2023: $4,883,608Expenses 2023: $2,989,742Net Income 2023: $1,893,8662023Revenue 2024: $6,870,836Expenses 2024: $5,759,871Net Income 2024: $1,110,9652024

Highlighted filing

2018

Revenue$111,592
Expenses$143,474
Net Income-$31,882
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 7, 2019
Return Version
2018v3.1
Gross Receipts
$111,592
Mission and Program Overview

Mission

To provide safe, sanitary and suitable living accommodations to persons of low, moderate and middle income in the state of connecticut through the ownership, construction, development, renovation, improvement, sponsorship, financing, refinancing, management, leasing and operation of certain pieces or parcels of real property.

Program Services

DescriptionGrantsExpenses
THE ORGANZIATION IS A GENERAL PARTNER IN THE MEADOW LANDING PARTNERSHIP AND PROVIDES MANAGEMENT SERVICES TO MEADOW LANDING PARTNERSHIP.$0$95,473
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN COUNTERPresident-$8,000-$8,000
WAYNE ORIOTreasurer-$8,000-$8,000
TRACY MOONEYDirector-$8,000-$8,000
JOHN O'CONNORDirector-$8,000-$8,000
ROSEMARIE PAINEDirector-$8,000-$8,000
DOUGLAS RUICKOLDTDirector-$8,000-$8,000
Filing and Contact Details

Filer

Filer Name
Savin Rock Communities Inc
EIN
47-3073109
Phone
2039348671
Address
15 GLADE STREET, WEST HAVEN, CT 06516

Signing Officer

Name
John Counter
Title
President
Phone
2039348671
Signed
2019-10-07
Discuss with paid preparer
Yes

Preparer

Firm
Simione Macca & Larrow Llp
Address
4130 WHITNEY AVENUE, HAMDEN, CT 06518
Preparer
Kathleen S Held CPA
Phone
2032810540
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: other revenue. Amount: 1,592.

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

Description: office expense. Amount: 1,936. Description: other expense. Amount: 2,395. Total to form 990-ez, line 16: 4,331.

Form 990-ez, Part II, Line 24 - Other Assets

Description: due from meadow landing partnership. Beg. Of year amount: 82,494. End of year amount: 110,000. Description: investment in meadow landing partnership. Beg. Of year amount: 45,833. End of year amount: 45,825.

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

Description: accounts payable. Beg. Of year amount: 145,485. End of year amount: 204,614.

Raw XML Appendix167 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TONY WANG CONTROLLER
IRS990EZ/BooksInCareOfDetail/PhoneNum02039348671
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt015 GLADE STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WEST HAVEN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd006516
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt01854
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt01603
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
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IRS990EZ/ExcessOrDeficitForYearAmt0-31882
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IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0130181
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0157428
IRS990EZ/GrossReceiptsAmt0111592
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
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IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-15304
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-47186
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-15304
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-47186
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.77
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.77
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt08000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt18000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt28000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt38000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt48000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt58000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOHN COUNTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1WAYNE ORIO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2TRACY MOONEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JOHN O'CONNOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ROSEMARIE PAINE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5DOUGLAS RUICKOLDT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0128327
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0155825
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt04331
IRS990EZ/OtherRevenueTotalAmt01592
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE SAFE, SANITARY AND SUITABLE LIVING ACCOMMODATIONS TO PERSONS OF LOW, MODERATE AND MIDDLE INCOME IN THE STATE OF CONNECTICUT THROUGH THE OWNERSHIP, CONSTRUCTION, DEVELOPMENT, RENOVATION, IMPROVEMENT, SPONSORSHIP, FINANCING, REFINANCING, MANAGEMENT, LEASING AND OPERATION OF CERTAIN PIECES OR PARCELS OF REAL PROPERTY.
IRS990EZ/ProgramServiceRevenueAmt0110000
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANZIATION IS A GENERAL PARTNER IN THE MEADOW LANDING PARTNERSHIP AND PROVIDES MANAGEMENT SERVICES TO MEADOW LANDING PARTNERSHIP.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt095473
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt0105223
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CT
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0204614
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0143474
IRS990EZ/TotalProgramServiceExpensesAmt095473
IRS990EZ/TotalRevenueAmt0111592
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0111600
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt084133
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0195733
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0-22
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0-22
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0195733
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0111600
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt084133
IRS990ScheduleA/Total509Grp/TotalAmt0195733
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0111600
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt084111
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0195711
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: OTHER REVENUE. AMOUNT: 1,592.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OFFICE EXPENSE. AMOUNT: 1,936. DESCRIPTION: OTHER EXPENSE. AMOUNT: 2,395. TOTAL TO FORM 990-EZ, LINE 16: 4,331.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUE FROM MEADOW LANDING PARTNERSHIP. BEG. OF YEAR AMOUNT: 82,494. END OF YEAR AMOUNT: 110,000. DESCRIPTION: INVESTMENT IN MEADOW LANDING PARTNERSHIP. BEG. OF YEAR AMOUNT: 45,833. END OF YEAR AMOUNT: 45,825.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 145,485. END OF YEAR AMOUNT: 204,614.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN COUNTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02039348671
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SAVIN ROCK COMMUNITIES INC
ReturnHeader/Filer/BusinessNameControlTxt0SAVI
ReturnHeader/Filer/EIN0473073109
ReturnHeader/Filer/PhoneNum02039348671
ReturnHeader/Filer/USAddress/AddressLine1Txt015 GLADE STREET
ReturnHeader/Filer/USAddress/CityNm0WEST HAVEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006516
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0179D294AF625626B177C431282DF2DFF70C3E1ED
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0179D294AF625626B177C431282DF2DFF70C3E1ED
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.174.80.131
ReturnHeader/FilingSecurityInformation/IPDt02019-10-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm013:39:10
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061586075
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SIMIONE MACCA & LARROW LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04130 WHITNEY AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAMDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006518
ReturnHeader/PreparerPersonGrp/PhoneNum02032810540
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHLEEN S HELD CPA
ReturnHeader/ReturnTs02019-10-15T14:48:52-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings