Civic Intelligence

Saltbox Homes Inc.

990 • Fiscal year 2019 • EIN 47-4598987

Jan 01, 2019 to Dec 31, 2019 • Filed on May 08, 2020

1838 Beach BlvdPoint Pleasant Beach, NJ 08742

(732) 458-3800

Siviq Scores

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

Liabilities / Assets

81st percentile

1.00x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2019

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Asset Growth

97th percentile

238%

Faster asset growth than 97% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Assets

Up

$405,839

Up $285,739 (+238%) from 2018

Net Assets

Flat

$0

Flat from 2018

Liabilities

Up

$405,839

Up $285,739 (+238%) from 2018

Revenue

Flat

$0

Flat from 2018

Expenses

Down

$1,404

Down $2,479 (-64%) from 2018

Net Income

Up

-$1,404

Up $2,479 (+64%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2018: $120,100Liabilities 2018: $120,100Net Assets 2018: $02018Assets 2019: $405,839Liabilities 2019: $405,839Net Assets 2019: $02019Assets 2020: $485,283Liabilities 2020: $485,283Net Assets 2020: $02020Assets 2021: $1,017,578Liabilities 2021: $823,655Net Assets 2021: $193,9232021Assets 2022: $1,127,070Liabilities 2022: $807,004Net Assets 2022: $320,0662022Assets 2023: $1,371,111Liabilities 2023: $1,040,508Net Assets 2023: $330,6032023

Highlighted filing

2019

Assets$405,839
Liabilities$405,839
Net Assets$0

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2018: $0Expenses 2018: $3,883Net Income 2018: -$3,8832018Revenue 2019: $0Expenses 2019: $1,404Net Income 2019: -$1,4042019Revenue 2020: -$9,147Expenses 2020: $1,278Net Income 2020: -$10,4252020Revenue 2021: $35,122Expenses 2021: $1,737Net Income 2021: $33,3852021Revenue 2022: $130,720Expenses 2022: $4,577Net Income 2022: $126,1432022Revenue 2023: $10,783Expenses 2023: $246Net Income 2023: $10,5372023

Highlighted filing

2019

Revenue$0
Expenses$1,404
Net Income-$1,404
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 8, 2020
Return Version
2019v5.1
Gross Receipts
$0
Mission and Program Overview

Mission

To build or refurbish existing residences in ocean and monmouth counties to develop residence for persons of modest income using innovative and effective methods

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$120,100$405,839▲ $285,739
Cash and Non-Interest-Bearing Accounts$3,071--
Other Assets Total$117,029$405,839▲ $288,810
Total Assets$120,100$405,839▲ $285,739
Liabilities
Total Liabilities$120,100$405,839▲ $285,739
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$120,100$405,839▲ $285,739

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$405,839--
Compensation and Service Providers

Board Members and Trustees

NameTitle
William BarrPresident
William TaylorVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,404
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
Other Expenses$0$601$0$601
Advertising$473$0$0$473
Fees for Services Accounting$0$330$0$330
Total Functional Expenses$473$931$0$1,404
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$120,100$405,839▲ $285,739
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Saltbox Homes Inc
EIN
47-4598987
Phone
7324583800
Address
1838 BEACH BLVD, POINT PLEASANT BEACH, NJ 08742

Signing Officer

Name
William Taylor
Title
President
Phone
7324583800
Signed
2020-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Taylor
Formed
2015
Legal Domicile
Nj
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
John M Florentino JR EA LLC
Address
2204 Morris Ave Ste202, Union, NJ 07083
Preparer
John M Florentino Jr
Phone
7323978606
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form is reviewed by board.

Raw XML Appendix261 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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