Civic Intelligence

Gerrish Tnd Inc.

990 • Fiscal year 2020 • EIN 47-4230197

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 11, 2022

4 Gerrish AvenueChelsea, MA 02150

(617) 889-1375

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.94x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

9.35x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

29th percentile

-4.5%

Higher net margin than 29% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

22nd percentile

-2.6%

Faster asset growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

27th percentile

-15%

Faster revenue growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,751,039

Down $74,168 (-2.6%) from 2019

Net Assets

Down

$154,767

Down $12,440 (-7.4%) from 2019

Liabilities

Down

$2,596,272

Down $61,728 (-2.3%) from 2019

Revenue

Down

$277,713

Down $49,791 (-15%) from 2019

Expenses

Down

$290,153

Down $36,290 (-11%) from 2019

Net Income

Down

-$12,440

Down $13,501 (-1272%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $3,227,707Liabilities 2015: $3,209,694Net Assets 2015: $18,0132015Assets 2016: $2,858,209Liabilities 2016: $2,806,974Net Assets 2016: $51,2352016Assets 2017: $2,832,268Liabilities 2017: $2,738,462Net Assets 2017: $93,8062017Assets 2018: $2,869,400Liabilities 2018: $2,703,254Net Assets 2018: $166,1462018Assets 2019: $2,825,207Liabilities 2019: $2,658,000Net Assets 2019: $167,2072019Assets 2020: $2,751,039Liabilities 2020: $2,596,272Net Assets 2020: $154,7672020Assets 2021: $2,827,715Liabilities 2021: $2,707,919Net Assets 2021: $119,7962021Assets 2022: $2,758,050Liabilities 2022: $2,569,174Net Assets 2022: $188,8762022Assets 2023: $2,581,869Liabilities 2023: $2,530,425Net Assets 2023: $51,4442023Assets 2024: $2,526,268Liabilities 2024: $2,451,535Net Assets 2024: $74,7332024

Highlighted filing

2020

Assets$2,751,039
Liabilities$2,596,272
Net Assets$154,767

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $173,755Expenses 2015: $171,149Net Income 2015: $2,6062015Revenue 2016: $339,175Expenses 2016: $305,953Net Income 2016: $33,2222016Revenue 2017: $340,085Expenses 2017: $297,514Net Income 2017: $42,5712017Revenue 2018: $368,620Expenses 2018: $296,280Net Income 2018: $72,3402018Revenue 2019: $327,504Expenses 2019: $326,443Net Income 2019: $1,0612019Revenue 2020: $277,713Expenses 2020: $290,153Net Income 2020: -$12,4402020Revenue 2021: $314,230Expenses 2021: $349,201Net Income 2021: -$34,9712021Revenue 2022: $399,207Expenses 2022: $330,127Net Income 2022: $69,0802022Revenue 2023: $429,077Expenses 2023: $416,509Net Income 2023: $12,5682023Revenue 2024: $386,518Expenses 2024: $363,229Net Income 2024: $23,2892024

Highlighted filing

2020

Revenue$277,713
Expenses$290,153
Net Income-$12,440
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 11, 2022
Return Version
2020v4.2
Gross Receipts
$277,713
Mission and Program Overview

Mission

To serve as a non-profit supporting corporation for the neighborhood developers, inc., a massachusetts non-profit community-based corporation, the corporate mission of which is exclusively for the charitable and educational purposes of involvement in and promotion of cooperative efforts by all of the diverse elements in the cities of massachusetts as a strategy for encouragement of neighborhood rehabilitation and revitalization within the designated program neighborhoods.

Maintaining and leasing a building consisting of 23,000 square feet of commercial space located in chelsea, massachusetts

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,575,610$2,499,135▼ $76,475
Savings and Temporary Cash Investments$164,836$171,993▲ $7,157
Accounts Receivable$80,530$55,618▼ $24,912
Prepaid Expenses and Deferred Charges$4,231$4,293▲ $62
Total Assets$2,825,207$2,751,039▼ $74,168
Other Assets Total$0$20,000▲ $20,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,075,817$2,367,071▲ $291,254
Accounts Payable and Accrued Expenses$7,915$115,963▲ $108,048
Other Liabilities$574,268$113,238▼ $461,030
Total Liabilities$2,658,000$2,596,272▼ $61,728
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$167,207$154,767▼ $12,440
Total Net Assets Fund Balance$167,207$154,767▼ $12,440
Total Liabilities and Net Assets / Fund Balance$2,825,207$2,751,039▼ $74,168

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,922,476$413,799$2,336,275
Land$576,659-$576,659
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alice MurilloPresident
Peter HollandsVice President
Christine TorresDirector
Dakeya ChristmasDirector
Faye DookharanDirector
Guadalupe PanamenoDirector
Leslie AldrichDirector
Mina JillDirector
Mirna DiazDirector
William H WillisDirector
Kristen JanjarSecretary
Charlene BauerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$277,447
Investment Income
$266
Other Revenue
$0
Change in Net Assets
$-12,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$290,153
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$202,328--$202,328
Depreciation Depletion$76,475--$76,475
Fees for Services Management$11,340--$11,340
Office Expenses$10--$10
Total Functional Expenses$290,153$0$0$290,153
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$113,238
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Opporunity communities llc provides management services to the agency. Oppco billed the agency $11,350 for these services for the year ended december 31, 2020.

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

Management reviews and provides a draft of the tax return to the board of directors of the organization for review. All desired changes are communicated to the auditor and considered for compliance with relevant tax laws prior to being applied and the tax return being filed.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed with the board each year and the board signs off. Any new contracts are reviewed with the conflict of interest policy in mind. If any potential conflict aries it is reproted to the board for discussion and review. In order to avoid the review process, any potential contracts that may present this problem are typically not seriously considered.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Gerrish Tnd Inc
EIN
47-4230197
Phone
6178891375
Address
4 GERRISH AVENUE, CHELSEA, MA 02150

Signing Officer

Name
William Morrison
Title
Treasurer
Phone
6178891375
Signed
2022-10-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alice Murillo
Formed
2015
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
10 FORBES ROAD SUITE 200, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0171993
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0042660283
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd00
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE NEIGHBORHOOD DEVELOPERS INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01922476
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0413799
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02336275
IRS990ScheduleD/LandGrp/BookValueAmt0576659
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0576659
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0113238
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02499135
IRS990ScheduleD/TotalLiabilityAmt0113238
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPPORUNITY COMMUNITIES LLC PROVIDES MANAGEMENT SERVICES TO THE AGENCY. OPPCO BILLED THE AGENCY $11,350 FOR THESE SERVICES FOR THE YEAR ENDED DECEMBER 31, 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT REVIEWS AND PROVIDES A DRAFT OF THE TAX RETURN TO THE BOARD OF DIRECTORS OF THE ORGANIZATION FOR REVIEW. ALL DESIRED CHANGES ARE COMMUNICATED TO THE AUDITOR AND CONSIDERED FOR COMPLIANCE WITH RELEVANT TAX LAWS PRIOR TO BEING APPLIED AND THE TAX RETURN BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD EACH YEAR AND THE BOARD SIGNS OFF. ANY NEW CONTRACTS ARE REVIEWED WITH THE CONFLICT OF INTEREST POLICY IN MIND. IF ANY POTENTIAL CONFLICT ARIES IT IS REPROTED TO THE BOARD FOR DISCUSSION AND REVIEW. IN ORDER TO AVOID THE REVIEW PROCESS, ANY POTENTIAL CONTRACTS THAT MAY PRESENT THIS PROBLEM ARE TYPICALLY NOT SERIOUSLY CONSIDERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE NEIGHBORHOOD DEVELOPERS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042660283
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO DEVELOP AND PROVIDE LOW AND MODERATE INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04 GERRISH AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHELSEA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002150
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02825207
IRS990/TotalAssetsEOYAmt02751039
IRS990/TotalAssetsGrp/BOYAmt02825207
IRS990/TotalAssetsGrp/EOYAmt02751039
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0290153
IRS990/TotalFunctionalExpensesGrp/TotalAmt0290153
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02658000
IRS990/TotalLiabilitiesEOYAmt02596272
IRS990/TotalLiabilitiesGrp/BOYAmt02658000
IRS990/TotalLiabilitiesGrp/EOYAmt02596272
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0167207
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0154767
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0290153
IRS990/TotalProgramServiceRevenueAmt0277447
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0266
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0277447
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0277713
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02825207
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02751039
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04 GERRISH AVENUE
IRS990/USAddress/CityNm0CHELSEA
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002150
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00

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