Civic Intelligence

Dima VIII Inc.

990 • Fiscal year 2020 • EIN 51-0385897

Apr 01, 2019 to Mar 31, 2020 • Filed on Jan 30, 2021

2400 West 4th StreetWilmington, DE 19805

(302) 427-0787

Siviq Scores

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

Liabilities / Assets

97th percentile

1.69x

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

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

Liabilities / Revenue

99th percentile

11.84x

Higher debt load relative to revenue than 99% of similar nonprofits.

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

Net Margin

16th percentile

-21%

Higher net margin than 16% 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

20th percentile

-4.5%

Faster asset growth than 20% of similar nonprofits.

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

Revenue Growth

60th percentile

5.0%

Faster revenue growth than 60% of similar nonprofits.

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

Assets

Down

$715,426

Down $34,088 (-4.5%) from 2019

Net Assets

Down

-$491,268

Down $21,806 (-4.6%) from 2019

Liabilities

Down

$1,206,694

Down $12,282 (-1.0%) from 2019

Revenue

Up

$101,900

Up $4,816 (+5.0%) from 2019

Expenses

Up

$123,706

Up $1,459 (+1.2%) from 2019

Net Income

Up

-$21,806

Up $3,357 (+13%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2011: $932,820Liabilities 2011: $26,650Net Assets 2011: $906,1702011Assets 2012: $917,251Liabilities 2012: $34,249Net Assets 2012: $883,0022012Assets 2013: $884,291Liabilities 2013: $29,918Net Assets 2013: $854,3732013Assets 2014: $855,539Liabilities 2014: $27,853Net Assets 2014: $827,6862014Assets 2015: $828,531Liabilities 2015: $26,783Net Assets 2015: $801,7482015Assets 2016: $812,276Liabilities 2016: $35,357Net Assets 2016: $776,9192016Assets 2017: $784,277Liabilities 2017: $31,238Net Assets 2017: $753,0392017Assets 2018: $761,137Liabilities 2018: $1,205,436Net Assets 2018: -$444,2992018Assets 2019: $749,514Liabilities 2019: $1,218,976Net Assets 2019: -$469,4622019Assets 2020: $715,426Liabilities 2020: $1,206,694Net Assets 2020: -$491,2682020Assets 2021: $694,407Liabilities 2021: $1,223,144Net Assets 2021: -$528,7372021Assets 2022: $672,017Liabilities 2022: $1,228,209Net Assets 2022: -$556,1922022Assets 2023: $661,912Liabilities 2023: $1,252,453Net Assets 2023: -$590,5412023Assets 2024: $629,535Liabilities 2024: $1,247,662Net Assets 2024: -$618,1272024Assets 2025: $639,507Liabilities 2025: $1,240,751Net Assets 2025: -$601,2442025

Highlighted filing

2020

Assets$715,426
Liabilities$1,206,694
Net Assets-$491,268

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $83,901Expenses 2011: $109,096Net Income 2011: -$25,1952011Revenue 2012: $88,651Expenses 2012: $111,819Net Income 2012: -$23,1682012Revenue 2013: $86,957Expenses 2013: $115,586Net Income 2013: -$28,6292013Revenue 2014: $86,102Expenses 2014: $112,789Net Income 2014: -$26,6872014Revenue 2015: $86,393Expenses 2015: $112,331Net Income 2015: -$25,9382015Revenue 2016: $87,953Expenses 2016: $112,781Net Income 2016: -$24,8282016Revenue 2017: $90,859Expenses 2017: $113,425Net Income 2017: -$22,5662017Revenue 2018: $93,809Expenses 2018: $121,947Net Income 2018: -$28,1382018Revenue 2019: $97,084Expenses 2019: $122,247Net Income 2019: -$25,1632019Revenue 2020: $101,900Expenses 2020: $123,706Net Income 2020: -$21,8062020Revenue 2021: $97,985Expenses 2021: $135,454Net Income 2021: -$37,4692021Revenue 2022: $99,373Expenses 2022: $126,828Net Income 2022: -$27,4552022Revenue 2023: $106,175Expenses 2023: $140,524Net Income 2023: -$34,3492023Revenue 2024: $115,639Expenses 2024: $142,482Net Income 2024: -$26,8432024Revenue 2025: $177,338Expenses 2025: $160,455Net Income 2025: $16,8832025

Highlighted filing

2020

Revenue$101,900
Expenses$123,706
Net Income-$21,806
Jump To
Filing Snapshot
Filing Period
Apr 1, 2019 to Mar 31, 2020
Signed
Jan 30, 2021
Return Version
2019v5.0
Gross Receipts
$101,900
Mission and Program Overview

Mission

Affordable housing for the mentally ill

To provide safe, affordable housing to those in our community who are living with mental illness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$710,061$676,618▼ $33,443
Investments Program Related$27,325$26,117▼ $1,208
Savings and Temporary Cash Investments$10,655$11,131▲ $476
Accounts Receivable$758$1,117▲ $359
Cash and Non-Interest-Bearing Accounts$715$443▼ $272
Total Assets$749,514$715,426▼ $34,088
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,169,200$1,169,200→ $0
Accounts Payable and Accrued Expenses$32,379$18,570▼ $13,809
Other Liabilities$7,973$7,973→ $0
Unsecured Notes Loans Payable$6,250$6,250→ $0
Escrow Account Liability$2,706$3,158▲ $452
Deferred Revenue$468$1,543▲ $1,075
Total Liabilities$1,218,976$1,206,694▼ $12,282
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-469,462$-491,268▼ $21,806
Total Net Assets Fund Balance$-469,462$-491,268▼ $21,806
Total Liabilities and Net Assets / Fund Balance$749,514$715,426▼ $34,088

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$618,585$551,929$1,170,514
Land$56,000-$56,000
Equipment$1,696$27,636$29,332
Other Land Buildings$337$3,737$4,074
Compensation and Service Providers

Board Members and Trustees

NameTitle
Burley MeltonPresident
Edward McnallyBoard Adviso
Faith Kuehn PhdBoard Member
Harold BozemanBoard Member
Sarah GalbraithBoard Member
Simon ShuteBoard Member
Joshua Thomas PhdExecutive Di
Merton BriggsHousing Dire
Revenue and Support

Revenue Composition

Contributions and Grants
$46,422
Program Service Revenue
$55,222
Investment Income
$206
Other Revenue
$50
Change in Net Assets
$-21,806

Audited Revenue Reconciliation

Revenue per Audited Statements
$101,900
Total Revenue per Audited Statements
$101,900
Total Revenue per Form 990
$101,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$101,151
Salaries, Compensation, and Employee Benefits$22,555
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$39,642--$39,642
Depreciation Depletion$34,765--$34,765
Other Salaries and Wages$17,514--$17,514
Fees for Services Management$8,575$2,144-$10,719
Fees for Services Accounting$6,496$1,624-$8,120
Insurance$4,041--$4,041
Other Employee Benefits$3,717--$3,717
Office Expenses$2,448--$2,448
Payroll Taxes$1,324--$1,324
Travel$1,186--$1,186
Other Expenses$130--$130
Fees for Services Other-$100-$100
Total Functional Expenses$119,838$3,868$0$123,706

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$123,706
Total Expenses per Audited Statements$123,706
Total Expenses per Form 990$123,706
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 Sponsor-minimum Capital Res$7,973
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
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

The form 990 is reviewed by the executive director and the treasurer in draft form. Once comments and questions have been addressed, the final draft of the form 990 is provided to the board of trustees for review prior to filing.

Form 990, Page 6, Part VI, Line 15A

The board approves all executive compensation; currently the organization has no direct employees.

Form 990, Page 6, Part VI, Line 15B

The board approves all other compensation; currently the organization has no direct employees.

Form 990, Page 6, Part VI, Line 18

The project's form 990 is also available on the guidestar website for inspection.

Form 990, Page 6, Part VI, Line 19

These documents and others are available at the property manager's corporate offices.

Filing and Contact Details

Filer

Filer Name
Dima Viii Inc
EIN
51-0385897
Phone
3024270787
Address
2400 WEST 4TH STREET, WILMINGTON, DE 19805

Signing Officer

Name
Joshua Thomas Phd
Title
Executive Director
Phone
3024270787
Signed
2021-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua Thomas Phd
Formed
1999
Legal Domicile
De
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Whisman Giordano & Associates LLC
Address
111 CONTINENTAL DR STE 210, NEWARK, DE 19713-4330
Preparer
Vincent S Barbone CPA Cfe
Phone
3022660202
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The financial accounting standards board on statements pertaining to accounting for uncertainty in income taxes recognized in the financial statements prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of tax positions taken or expected to be taken on a tax return. The federal returns of the organization for the prior three years are subject to examination by the irs, generaly three years after they are filed. The tax positions taken by management during these years are based on clear and unambiguous tax law; and management has a high level of confidence in the technical merits of the positions taken.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt029393
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt014
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt058216
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt058546
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt090705
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt090859
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0618585
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0551929
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01170514
IRS990ScheduleD/EquipmentGrp/BookValueAmt01696
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027636
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029332
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt056000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0337
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03737
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04074
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07973
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE SPONSOR-MINIMUM CAPITAL RES
IRS990ScheduleD/RevenueSubtotalAmt0101900
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL ACCOUNTING STANDARDS BOARD ON STATEMENTS PERTAINING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE FEDERAL RETURNS OF THE ORGANIZATION FOR THE PRIOR THREE YEARS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALY THREE YEARS AFTER THEY ARE FILED. THE TAX POSITIONS TAKEN BY MANAGEMENT DURING THESE YEARS ARE BASED ON CLEAR AND UNAMBIGUOUS TAX LAW; AND MANAGEMENT HAS A HIGH LEVEL OF CONFIDENCE IN THE TECHNICAL MERITS OF THE POSITIONS TAKEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt0123706
IRS990ScheduleD/TotalLiabilityAmt07973
IRS990ScheduleD/TotalRevenuePerForm990Amt0101900
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0101900
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER IN DRAFT FORM. ONCE COMMENTS AND QUESTIONS HAVE BEEN ADDRESSED, THE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD APPROVES ALL EXECUTIVE COMPENSATION; CURRENTLY THE ORGANIZATION HAS NO DIRECT EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD APPROVES ALL OTHER COMPENSATION; CURRENTLY THE ORGANIZATION HAS NO DIRECT EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROJECT'S FORM 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE FOR INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE DOCUMENTS AND OTHERS ARE AVAILABLE AT THE PROPERTY MANAGER'S CORPORATE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalProgramServiceExpensesAmt0119838
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IRS990/TotalRevenueGrp/ExclusionAmt0206
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0715426
IRS990/TravelGrp/ProgramServicesAmt01186
IRS990/TravelGrp/TotalAmt01186
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IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt06250
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02400 WEST 4TH STREET
IRS990/USAddress/CityNm0WILMINGTON
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019805
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSHUA THOMAS PHD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03024270787
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DIMA VIII INC
ReturnHeader/Filer/BusinessNameControlTxt0DIMA
ReturnHeader/Filer/EIN0510385897
ReturnHeader/Filer/PhoneNum03024270787
ReturnHeader/Filer/USAddress/AddressLine1Txt02400 WEST 4TH STREET
ReturnHeader/Filer/USAddress/CityNm0WILMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019805
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203934956
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHISMAN GIORDANO & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 CONTINENTAL DR STE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0197134330
ReturnHeader/PreparerPersonGrp/PhoneNum03022660202
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VINCENT S BARBONE CPA CFE
ReturnHeader/ReturnTs02021-02-08T07:27:28-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$1.24$0.60$0.18$0.16$0.02
2024Summary only. Only limited summary data is available for this year.$0.63$1.25$0.62$0.12$0.14$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$1.25$0.59$0.11$0.14$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$1.23$0.56$0.10$0.13$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$1.22$0.53$0.10$0.14$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.72$1.21$0.49$0.10$0.12$0.02
2019Summary only. Only limited summary data is available for this year.$0.75$1.22$0.47$0.10$0.12$0.03
2018Summary only. Only limited summary data is available for this year.$0.76$1.21$0.44$0.09$0.12$0.03
2017Summary only. Only limited summary data is available for this year.$0.78$0.03$0.75$0.09$0.11$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.81$0.04$0.78$0.09$0.11$0.02
2015Summary only. Only limited summary data is available for this year.$0.83$0.03$0.80$0.09$0.11$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.86$0.03$0.83$0.09$0.11$0.03
2013Summary only. Only limited summary data is available for this year.$0.88$0.03$0.85$0.09$0.12$0.03
2012Summary only. Only limited summary data is available for this year.$0.92$0.03$0.88$0.09$0.11$0.02
2011Summary only. Only limited summary data is available for this year.$0.93$0.03$0.91$0.08$0.11$0.03
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $500k-$1M nonprofits