Civic Intelligence

New Americans Community Development Corporation

990 • Fiscal year 2018 • EIN 47-4900810

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 10, 2019

Organization ProfileNEWAMERICANSCDC.ORG
11 Sycamore StreetWorcester, MA 01608

(508) 410-2555

Siviq Scores

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

Liabilities / Assets

96th percentile

1.51x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

62.77x

Higher debt load relative to revenue than 100% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

1st percentile

-572%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

90th percentile

60%

Faster asset growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

96th percentile

180%

Faster revenue growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$606,359

Up $226,918 (+60%) from 2017

Net Assets

-$308,559

No earlier filing loaded for comparison.

Liabilities

Up

$914,918

Up $310,336 (+51%) from 2017

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Up

$14,575

Up $9,374 (+180%) from 2017

Expenses

Up

$97,993

Up $7,350 (+8.1%) from 2017

Net Income

Up

-$83,418

Up $2,024 (+2.4%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2017: $379,441Liabilities 2017: $604,5822017Assets 2018: $606,359Liabilities 2018: $914,918Net Assets 2018: -$308,5592018Assets 2019: $714,847Liabilities 2019: $1,020,455Net Assets 2019: -$305,6082019Assets 2020: $773,969Liabilities 2020: $1,047,702Net Assets 2020: -$273,7332020Assets 2021: $1,167,373Liabilities 2021: $1,362,154Net Assets 2021: -$194,7812021Assets 2022: $814,932Liabilities 2022: $908,852Net Assets 2022: -$93,9202022Assets 2023: $310,359Liabilities 2023: $593,199Net Assets 2023: -$282,8402023Assets 2024: $60,367Liabilities 2024: $231,558Net Assets 2024: -$171,1912024Assets 2025: $41,990Liabilities 2025: $0Net Assets 2025: $41,9902025

Highlighted filing

2018

Assets$606,359
Liabilities$914,918
Net Assets-$308,559
Open 2018 Filing

Operations Trend

Revenue Growth96th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2017: $5,201Expenses 2017: $90,643Net Income 2017: -$85,4422017Revenue 2018: $14,575Expenses 2018: $97,993Net Income 2018: -$83,4182018Revenue 2019: $125,000Expenses 2019: $122,969Net Income 2019: $2,0312019Revenue 2020: $163,818Expenses 2020: $131,023Net Income 2020: $32,7952020Revenue 2021: $399,353Expenses 2021: $320,401Net Income 2021: $78,9522021Revenue 2022: $129,845Expenses 2022: $119,944Net Income 2022: $9,9012022Revenue 2023: $37,548Expenses 2023: $226,468Net Income 2023: -$188,9202023Revenue 2024: $165,506Expenses 2024: $53,857Net Income 2024: $111,6492024Revenue 2025: $603,262Expenses 2025: $45,627Net Income 2025: $557,6352025

Highlighted filing

2018

Revenue$14,575
Expenses$97,993
Net Income-$83,418
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 10, 2019
Return Version
2017v2.3
Gross Receipts
$14,575
Mission and Program Overview

Mission

The new americans community development corporation (nacdc) intends to undertake community re-development, renovation projects and activities that revitalize an "economic desert area" within worcester. Our intentions also include creation and expansion of economic activities for all residents of the area with special emphasis on the disenfranchised, low and moderate income population. We will preserve and develop housing, facilitate home ownership, business opportunities and career training ladders in the "main middle" area and its immediate surrounding neighborhoods.

To provide community development programs, projects and activities that develope and improve areas of worcester, massachusetts including creating and expanding economic opportunities for low and moderate income residents, such as job training, and developing and preserving affordable housing and home ownership opportunities in the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$379,225$578,745▲ $199,520
Cash and Non-Interest-Bearing Accounts-$16,959-
Total Assets$379,441$606,359▲ $226,918
Other Assets Total$216$10,655▲ $10,439
Liabilities
Other Liabilities$604,582$914,918▲ $310,336
Total Liabilities$604,582$914,918▲ $310,336
Net Assets / Fund Balance
Unrestricted Net Assets$-225,141$-308,559▼ $83,418
Total Net Assets Fund Balance$-225,141$-308,559▼ $83,418
Total Liabilities and Net Assets / Fund Balance$379,441$606,359▲ $226,918

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$544,455$48,612$593,067
Land$34,290-$34,290
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Juan GomezChairman
Robert ThomasPresident
George CoxDirector
Clyde TalleyClerk
Kristin KingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,575
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$14,575
Change in Net Assets
$-83,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,575
Total Revenue per Audited Statements
$14,575
Total Revenue per Form 990
$14,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$94,497
Salaries, Compensation, and Employee Benefits$3,496
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$22,381$2,487-$24,868
Interest$20,564$2,285-$22,849
Fees for Services Other$17,613$1,957-$19,570
Occupancy$12,745$1,416-$14,161
Other Salaries and Wages$2,772$308-$3,080
Insurance$1,332$148-$1,480
Travel$779$87-$866
Payroll Taxes$374$42-$416
Other Expenses$100$11-$111
All Other Expenses$67$8-$75
Total Functional Expenses$88,191$9,802$0$97,993

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$97,993
Total Expenses per Audited Statements$97,993
Total Expenses per Form 990$97,993
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
Mortgage Payable - Webster 5$393,047
Inter-company Exchange$351,515
Mortgage Payable - Enterprise$138,217
Mortgage Payable - Wchr$32,139
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
New Americans Community Development
EIN
47-4900810
Phone
5084102555
Address
11 SYCAMORE STREET, WORCESTER, MA 01608

Signing Officer

Name
Robert Thomas
Title
President
Phone
5084102555
Signed
2019-04-10

Organization Details

Principal Officer
Robert Thomas
Formed
2015
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
8

Preparer

Firm
M Love & Associates LLC
Address
67 MILLBROOK STREET, WORCESTER, MA 01606
Preparer
Mark L Love CPA
Phone
5087975200
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To provide community development programs, projects and activities that develope and improve areas of worcester, massachusetts including creating and expanding economic opportunities for low and moderate income residents, such as job training, and developing and preserving affordable housing and home ownership opportunities in the area.”

Form 990, Part IX, Line 11G

“Consultants and professional 17,613 1,957 0”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANTS AND PROFESSIONAL 17,613 1,957 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001420
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SpecialConditionDesc0RETROACTIVE REINSTATEMENT
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0379441
IRS990/TotalAssetsEOYAmt0606359
IRS990/TotalAssetsGrp/BOYAmt0379441
IRS990/TotalAssetsGrp/EOYAmt0606359
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt014575
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09802
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt088191
IRS990/TotalFunctionalExpensesGrp/TotalAmt097993
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0604582
IRS990/TotalLiabilitiesEOYAmt0914918
IRS990/TotalLiabilitiesGrp/BOYAmt0604582
IRS990/TotalLiabilitiesGrp/EOYAmt0914918
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-225141
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-308559
IRS990/TotalProgramServiceExpensesAmt088191
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014575
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0379441
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0606359
IRS990/TravelGrp/ManagementAndGeneralAmt087
IRS990/TravelGrp/ProgramServicesAmt0779
IRS990/TravelGrp/TotalAmt0866
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-225141
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-308559
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03804 KNIGHTSBRIDGE CLOSE
IRS990/USAddress/CityNm0WORCESTER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001609
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT THOMAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05084102555
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW AMERICANS COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0NEWA
ReturnHeader/Filer/EIN0474900810
ReturnHeader/Filer/PhoneNum05084102555
ReturnHeader/Filer/USAddress/AddressLine1Txt011 SYCAMORE STREET
ReturnHeader/Filer/USAddress/CityNm0WORCESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001608
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A5F0722B2E1EE60B7359FC3108F559BC9498E2AF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D5642DF4423300A4A94EB47D443012BF6EC3F5D5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-05-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:08:18
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464181625
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0M LOVE & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt067 MILLBROOK STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WORCESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001606
ReturnHeader/PreparerPersonGrp/PhoneNum05087975200
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK L LOVE CPA
ReturnHeader/ReturnTs02019-05-20T16:08:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$606,359
Liabilities
$914,918
Net assets
-$308,559
Revenue
$14,575
Expenses
$97,993
Net income
-$83,418
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.60$0.05$0.56
2024Detailed filing. Detailed filing data is available for this year.$0.06$0.23$0.17$0.17$0.05$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.59$0.28$0.04$0.23$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.81$0.91$0.09$0.13$0.12$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.17$1.36$0.19$0.40$0.32$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.77$1.05$0.27$0.16$0.13$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.71$1.02$0.31$0.13$0.12$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.61$0.91$0.31$0.01$0.10$0.08
2017Summary only. Only limited summary data is available for this year.$0.38$0.60$0.01$0.09$0.09