Civic Intelligence

Portals Public Improvements Association

990 • Fiscal year 2013 • EIN 52-1675423

Jan 01, 2013 to Dec 31, 2013 • Filed on May 07, 2014

Organization ProfileN/A
1280 Maryland Ave SWSuite STE 28020024

(202) 552-5300

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2013 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

23rd percentile

0.03x

Higher debt load relative to revenue than 23% of similar nonprofits.

2013 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2013

Net Margin

90th percentile

53%

Higher net margin than 90% of similar nonprofits.

2013 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2013 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2013

Asset Growth

64th percentile

7.2%

Faster asset growth than 64% of similar nonprofits.

2013 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

60th percentile

4.5%

Faster revenue growth than 60% of similar nonprofits.

2013 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$5,054,706

Up $340,558 (+7.2%) from 2012

Net Assets

Up

$5,038,315

Up $332,888 (+7.1%) from 2012

Liabilities

Up

$16,391

Up $7,670 (+88%) from 2012

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin90th percentile

Revenue

Up

$624,937

Up $26,806 (+4.5%) from 2012

Expenses

Down

$292,049

Down $266 (-0.1%) from 2012

Net Income

Up

$332,888

Up $27,072 (+8.9%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$15M$10M$5.0M$0Assets 2011: $4,431,021Liabilities 2011: $31,411Net Assets 2011: $4,399,6102011Assets 2012: $4,714,148Liabilities 2012: $8,721Net Assets 2012: $4,705,4272012Assets 2013: $5,054,706Liabilities 2013: $16,391Net Assets 2013: $5,038,3152013Assets 2014: $5,341,620Liabilities 2014: $17,265Net Assets 2014: $5,324,3552014Assets 2015: $5,710,044Liabilities 2015: $16,385Net Assets 2015: $5,693,6592015Assets 2016: $6,052,962Liabilities 2016: $27,780Net Assets 2016: $6,025,1822016Assets 2017: $6,530,944Liabilities 2017: $15,675Net Assets 2017: $6,515,2692017Assets 2018: $7,022,928Liabilities 2018: $36,899Net Assets 2018: $6,986,0292018Assets 2019: $7,599,738Liabilities 2019: $3,880Net Assets 2019: $7,595,8582019Assets 2020: $8,209,971Liabilities 2020: $20,424Net Assets 2020: $8,189,5472020Assets 2021: $8,742,869Liabilities 2021: $2,772Net Assets 2021: $8,740,0972021Assets 2022: $9,193,929Liabilities 2022: $130,795Net Assets 2022: $9,063,1342022Assets 2023: $9,472,233Liabilities 2023: $15,147Net Assets 2023: $9,457,0862023Assets 2024: $10,036,949Liabilities 2024: $85,174Net Assets 2024: $9,951,7752024

Highlighted filing

2013

Assets$5,054,706
Liabilities$16,391
Net Assets$5,038,315
Open 2013 Filing

Operations Trend

Revenue Growth60th percentile

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

$1.5M$1.0M$500K$0Revenue 2011: $531,405Expenses 2011: $358,148Net Income 2011: $173,2572011Revenue 2012: $598,131Expenses 2012: $292,315Net Income 2012: $305,8162012Revenue 2013: $624,937Expenses 2013: $292,049Net Income 2013: $332,8882013Revenue 2014: $638,801Expenses 2014: $352,761Net Income 2014: $286,0402014Revenue 2015: $685,784Expenses 2015: $316,480Net Income 2015: $369,3042015Revenue 2016: $720,915Expenses 2016: $389,392Net Income 2016: $331,5232016Revenue 2017: $757,721Expenses 2017: $267,634Net Income 2017: $490,0872017Revenue 2018: $787,231Expenses 2018: $316,471Net Income 2018: $470,7602018Revenue 2019: $910,578Expenses 2019: $300,749Net Income 2019: $609,8292019Revenue 2020: $880,570Expenses 2020: $286,881Net Income 2020: $593,6892020Revenue 2021: $817,845Expenses 2021: $267,300Net Income 2021: $550,5452021Revenue 2022: $714,427Expenses 2022: $391,390Net Income 2022: $323,0372022Revenue 2023: $867,308Expenses 2023: $473,356Net Income 2023: $393,9522023Revenue 2024: $1,149,208Expenses 2024: $654,519Net Income 2024: $494,6892024

Highlighted filing

2013

Revenue$624,937
Expenses$292,049
Net Income$332,888
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 7, 2014
Return Version
2013v3.1
Gross Receipts
$624,937
Mission and Program Overview

Mission

The association functions to provide for the maintenance of the public improvements covered by the declaration of easements and covenants of the portals recorded in the land records of the district of columbia on june 29, 1989 located in southwest washington, dc.

PLEASE SEE FOOTNOTE 2

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,714,148$5,054,706▲ $340,558
Rtn Earn Endowment Incm Other Fnds$3,205,427$3,538,315▲ $332,888
Pd in Cap Srpls Land Bldg Eqp Fund$1,500,000$1,500,000→ $0
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,714,148$5,054,706▲ $340,558
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$8,721$16,391▲ $7,670
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,721$16,391▲ $7,670
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,705,427$5,038,315▲ $332,888
Total Liabilities and Net Assets / Fund Balance$4,714,148$5,054,706▲ $340,558
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
Richard L KramerPresident
Franklin L HaneyDirector
David L PeterTreasurer
Steven a GriggVP/sec
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$617,916
Investment Income
$7,021
Other Revenue
$0
Change in Net Assets
$332,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$236,973
Salaries, Compensation, and Employee Benefits$55,076
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$59,505--$59,505
All Other Expenses$40,943--$40,943
Other Salaries and Wages$39,061--$39,061
Insurance$37,058--$37,058
Other Employee Benefits$16,015--$16,015
Fees for Services Other$14,505--$14,505
Fees for Services Management-$7,200-$7,200
Fees for Services Accounting$4,300--$4,300
Fees for Services Legal$295--$295
Total Functional Expenses$284,849$7,200$0$292,049
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Republic Properties Corporation-SeeOwned by 2 of officersManagement FEES-AT MARKET RATE-$7,200

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
Yes
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

Governance Explanations

Part VI Question 2

“Each of the Officers listed in Part VII, Richard Kramer, Steven Grigg, David Peter and Franklin Haney are partners in various real estate entities and are partners in various real estate entities that are Members of Portals Public Improvements Association.”

Part VI-Question 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
52-1675423
In Care Of
% SUSAN HINSON
Phone
2025525300

Signing Officer

Name
Stephen Grigg
Title
VP/sec
Phone
2025525300
Signed
2014-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard L Kramer President
Formed
1989
Legal Domicile
Dc
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Phone
7037446700
Supplemental Narrative

Additional Explanations

Part IV-Question 28A

“Republic Properties Corporation, which is owned jointly by Richard Kramer and Steven Grigg, was paid $7,200 for 2012 for Managing the Portals Public Improvements Association property management operations. Republic Properties charged a market rate for their services.”

Form 990 Part IX Line 24 - Other Expenses

“Description:day porter/matron services total expenses:40437 program services:40437”

Form 990 Part IX Line 24 - Other Expenses

“Description:bank fees total expenses:150 program services:150”

Form 990 Part IX Line 24 - Other Expenses

“Description:taxes, fee other total expenses:130 program services:130”

Form 990 Part IX Line 24 - Other Expenses

“Description:postage and delivery total expenses:65 program services:65”

Form 990 Part IX Line 24 - Other Expenses

“Description:misc non-operating total expenses:57 program services:57 fundraising:”

Form 990 Part IX Line 24 - Other Expenses

“Description:administrative costs total expenses:104 program services:104”

Raw XML Appendix346 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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IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID L PETER
IRS990/Form990PartVIISectionAGrp/PersonNm3Franklin L Haney
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP/SEC
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
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IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
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IRS990/LocalChaptersInd0false
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt07200
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Management FEES-AT MARKET RATE
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Each of the Officers listed in Part VII, Richard Kramer, Steven Grigg, David Peter and Franklin Haney are partners in various real estate entities and are partners in various real estate entities that are Members of Portals Public Improvements Association.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Republic Properties Corporation, which is owned jointly by Richard Kramer and Steven Grigg, was paid $7,200 for 2012 for Managing the Portals Public Improvements Association property management operations. Republic Properties charged a market rate for their services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION:DAY PORTER/MATRON SERVICES TOTAL EXPENSES:40437 PROGRAM SERVICES:40437
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:BANK FEES TOTAL EXPENSES:150 PROGRAM SERVICES:150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:TAXES, FEE OTHER TOTAL EXPENSES:130 PROGRAM SERVICES:130
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:POSTAGE AND DELIVERY TOTAL EXPENSES:65 PROGRAM SERVICES:65
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:MISC NON-OPERATING TOTAL EXPENSES:57 PROGRAM SERVICES:57 FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:ADMINISTRATIVE COSTS TOTAL EXPENSES:104 PROGRAM SERVICES:104
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Question 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part IV-Question 28a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI-Question 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0DC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04714148
IRS990/TotalAssetsEOYAmt05054706
IRS990/TotalAssetsGrp/BOYAmt04714148
IRS990/TotalAssetsGrp/EOYAmt05054706
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07200
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0284849
IRS990/TotalFunctionalExpensesGrp/TotalAmt0292049
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08721
IRS990/TotalLiabilitiesEOYAmt016391
IRS990/TotalLiabilitiesGrp/BOYAmt08721
IRS990/TotalLiabilitiesGrp/EOYAmt016391
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04705427
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05038315
IRS990/TotalProgramServiceExpensesAmt0284849
IRS990/TotalProgramServiceRevenueAmt0617916
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0624937
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0624937
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04714148
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05054706
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101280 MARYLAND AVE SW
IRS990/USAddress/City0WASHINGTON
IRS990/USAddress/State0DC
IRS990/USAddress/ZIPCode020024
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN GRIGG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP/SEC
ReturnHeader/BusinessOfficerGrp/PhoneNum02025525300
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine10PORTALS PUBLIC IMPROVEMENTS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0PORT
ReturnHeader/Filer/EIN0521675423
ReturnHeader/Filer/InCareOfNm0% SUSAN HINSON
ReturnHeader/Filer/PhoneNum02025525300
ReturnHeader/Filer/USAddress/AddressLine101280 Maryland Ave SW
ReturnHeader/Filer/USAddress/AddressLine20Suite STE 280
ReturnHeader/Filer/USAddress/City0Washington
ReturnHeader/Filer/USAddress/State0DC
ReturnHeader/Filer/USAddress/ZIPCode020024
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10COHNREZNICK LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine108045 LEESBURG PIKE SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0VIENNA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode022182
ReturnHeader/PreparerPersonGrp/PhoneNum07037446700
ReturnHeader/ReturnTs02014-05-07T13:10:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,054,706
Liabilities
$16,391
Net assets
$5,038,315
Revenue
$624,937
Expenses
$292,049
Net income
$332,888
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.0$0.09$9.95$1.15$0.65$0.49
2023Detailed filing. Detailed filing data is available for this year.$9.47$0.02$9.46$0.87$0.47$0.39
2022Detailed filing. Detailed filing data is available for this year.$9.19$0.13$9.06$0.71$0.39$0.32
2021Detailed filing. Detailed filing data is available for this year.$8.74$0.00$8.74$0.82$0.27$0.55
2020Detailed filing. Detailed filing data is available for this year.$8.21$0.02$8.19$0.88$0.29$0.59
2019Detailed filing. Detailed filing data is available for this year.$7.60$0.00$7.60$0.91$0.30$0.61
2018Detailed filing. Detailed filing data is available for this year.$7.02$0.04$6.99$0.79$0.32$0.47
2017Detailed filing. Detailed filing data is available for this year.$6.53$0.02$6.52$0.76$0.27$0.49
2016Detailed filing. Detailed filing data is available for this year.$6.05$0.03$6.03$0.72$0.39$0.33
2015Detailed filing. Detailed filing data is available for this year.$5.71$0.02$5.69$0.69$0.32$0.37
2014Detailed filing. Detailed filing data is available for this year.$5.34$0.02$5.32$0.64$0.35$0.29
2013Detailed filing. Detailed filing data is available for this year.$5.05$0.02$5.04$0.62$0.29$0.33
2012Summary only. Only limited summary data is available for this year.$4.71$0.01$4.71$0.60$0.29$0.31
2011Summary only. Only limited summary data is available for this year.$4.43$0.03$4.40$0.53$0.36$0.17