Civic Intelligence

New Americans Community Development Corporation

990 • Fiscal year 2020 • EIN 47-4900810

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileN/A
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

1.35x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

6.40x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

71st percentile

20%

Higher net margin than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

54th percentile

8.3%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

80th percentile

31%

Faster revenue growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$773,969

Up $59,122 (+8.3%) from 2019

Net Assets

Up

-$273,733

Up $31,875 (+10%) from 2019

Liabilities

Up

$1,047,702

Up $27,247 (+2.7%) from 2019

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin71st percentile

Revenue

Up

$163,818

Up $38,818 (+31%) from 2019

Expenses

Up

$131,023

Up $8,054 (+6.5%) from 2019

Net Income

Up

$32,795

Up $30,764 (+1515%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2020

Assets$773,969
Liabilities$1,047,702
Net Assets-$273,733
Open 2020 Filing

Operations Trend

Revenue Growth80th 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

2020

Revenue$163,818
Expenses$131,023
Net Income$32,795
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.0
Gross Receipts
$163,818
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.

Form 990 - organization's mission or most significant activities to provide community development programs, projects and activities that develop and improve areas of worcester, massachusetts including creating and expanding economic opportunities for low 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$550,201$603,873▲ $53,672
Cash and Non-Interest-Bearing Accounts$54,595$65,429▲ $10,834
Accounts Receivable-$4,433-
Prepaid Expenses and Deferred Charges-$234-
Total Assets$714,847$773,969▲ $59,122
Other Assets Total$110,051$100,000▼ $10,051
Liabilities
Other Liabilities$1,020,455$1,047,252▲ $26,797
Accounts Payable and Accrued Expenses-$450-
Total Liabilities$1,020,455$1,047,702▲ $27,247
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-305,608$-273,733▲ $31,875
Total Net Assets Fund Balance$-305,608$-273,733▲ $31,875
Total Liabilities and Net Assets / Fund Balance$714,847$773,969▲ $59,122

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$569,583$107,539$677,122
Land$34,290-$34,290
Other Assets Org$100,000--
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Juan GomezChairman
Robert ThomasPresident
Frances AlvarezDirector
Frank KarthiserDirector
Julia TitusDirector
Robert LeviteDirector
Tania RomeroDirector
George CoxDirectort
Rev Clyde TalleyClerk
Kristin KingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$61,998
Program Service Revenue
$101,820
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,223
Change in Net Assets
$32,795
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,023
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
Fees for Services Other-$44,113-$44,113
Depreciation Depletion$29,463--$29,463
Interest$8,114$17,284-$25,398
Occupancy$12,705--$12,705
Travel-$4,201-$4,201
Insurance$3,954--$3,954
Conferences and Meetings-$719-$719
Office Expenses-$568-$568
Other Expenses$211$204-$415
Total Functional Expenses$63,034$67,989$0$131,023
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
Inter-company Exchange$522,495
Mortgage Payable - Webster 5$371,963
Mortgage Payable - Enterprise$129,732
Mortgage Payable - Wchr$23,062
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
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
2021-05-17

Organization Details

Principal Officer
Robert Thomas
Voting Board Members
10
Independent Board Members
10
Employees
0

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

“Form 990 - organization's mission or most significant activities to provide community development programs, projects and activities that develop and improve areas of worcester, massachusetts including creating and expanding economic opportunities for low 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

“0 44,113 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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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CDBG REHABILITATION GRANT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0522495
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1371963
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2129732
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt323062
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTER-COMPANY EXCHANGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MORTGAGE PAYABLE - WEBSTER 5
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MORTGAGE PAYABLE - ENTERPRISE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MORTGAGE PAYABLE - WCHR
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0603873
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0100000
IRS990ScheduleD/TotalLiabilityAmt01047252
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES TO PROVIDE COMMUNITY DEVELOPMENT PROGRAMS, PROJECTS AND ACTIVITIES THAT DEVELOP AND IMPROVE AREAS OF WORCESTER, MASSACHUSETTS INCLUDING CREATING AND EXPANDING ECONOMIC OPPORTUNITIES FOR LOW MODERATE INCOME RESIDENTS, SUCH AS JOB TRAINING, AND DEVELOPING AND PRESERVING AFFORDABLE HOUSING AND HOME OWNERSHIP OPPORTUNITIES IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt30 44,113 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CENTRO LAS AMERICAS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042714991
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt011 SYCAMORE STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WORCESTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001608
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0714847
IRS990/TotalAssetsEOYAmt0773969
IRS990/TotalAssetsGrp/BOYAmt0714847
IRS990/TotalAssetsGrp/EOYAmt0773969
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt061998
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt067989
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt063034
IRS990/TotalFunctionalExpensesGrp/TotalAmt0131023
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01020455
IRS990/TotalLiabilitiesEOYAmt01047702
IRS990/TotalLiabilitiesGrp/BOYAmt01020455
IRS990/TotalLiabilitiesGrp/EOYAmt01047702
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-305608
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-273733
IRS990/TotalProgramServiceExpensesAmt063034
IRS990/TotalProgramServiceRevenueAmt0101820
IRS990/TotalRevenueGrp/ExclusionAmt0101820
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0163818
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0714847
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0773969
IRS990/TravelGrp/ManagementAndGeneralAmt04201
IRS990/TravelGrp/TotalAmt04201
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt03804 KNIGHTSBRIDGE CLOSE
IRS990/USAddress/CityNm0WORCESTER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001609
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT THOMAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05084102555
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-17
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/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/PreparationDt02021-05-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK L LOVE CPA
ReturnHeader/ReturnTs02021-05-17T12:15:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$773,969
Liabilities
$1,047,702
Net assets
-$273,733
Revenue
$163,818
Expenses
$131,023
Net income
$32,795
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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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