Civic Intelligence

Linden Resources Inc

990 • Fiscal year 2016 • EIN 54-0660113

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 07, 2017

750 South 23rd StreetArlington, VA 22202

(703) 521-4441

Siviq Scores

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

Liabilities / Assets

59th percentile

0.33x

Higher debt load relative to assets than 59% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

46th percentile

0.21x

Higher debt load relative to revenue than 46% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

24th percentile

-4.2%

Higher net margin than 24% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

71st percentile

$247,371

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

48th percentile

1.5%

Faster asset growth than 48% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

76th percentile

15%

Faster revenue growth than 76% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$7,714,614

Up $110,428 (+1.5%) from 2015

Net Assets

Down

$5,142,625

Down $502,589 (-8.9%) from 2015

Liabilities

Up

$2,571,989

Up $613,017 (+31%) from 2015

Revenue

Up

$12,414,000

Up $1,616,493 (+15%) from 2015

Expenses

Up

$12,940,351

Up $1,356,224 (+12%) from 2015

Net Income

Up

-$526,351

Up $260,269 (+33%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $9,738,255Liabilities 2011: $1,995,407Net Assets 2011: $7,742,8482011Assets 2012: $8,857,082Liabilities 2012: $1,741,425Net Assets 2012: $7,115,6572012Assets 2013: $8,585,012Liabilities 2013: $1,863,060Net Assets 2013: $6,721,9522013Assets 2014: $8,149,071Liabilities 2014: $1,704,869Net Assets 2014: $6,444,2022014Assets 2015: $7,604,186Liabilities 2015: $1,958,972Net Assets 2015: $5,645,2142015Assets 2016: $7,714,614Liabilities 2016: $2,571,989Net Assets 2016: $5,142,6252016Assets 2017: $6,096,803Liabilities 2017: $1,574,320Net Assets 2017: $4,522,4832017Assets 2018: $11,232,253Liabilities 2018: $776,571Net Assets 2018: $10,455,6822018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2016

Assets$7,714,614
Liabilities$2,571,989
Net Assets$5,142,625

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $10,709,691Expenses 2011: $10,899,452Net Income 2011: -$189,7612011Revenue 2012: $10,739,952Expenses 2012: $11,362,569Net Income 2012: -$622,6172012Expenses 2013: $11,140,5782013Revenue 2014: $11,179,607Expenses 2014: $11,613,789Net Income 2014: -$434,1822014Revenue 2015: $10,797,507Expenses 2015: $11,584,127Net Income 2015: -$786,6202015Revenue 2016: $12,414,000Expenses 2016: $12,940,351Net Income 2016: -$526,3512016Revenue 2017: $14,744,890Expenses 2017: $15,250,810Net Income 2017: -$505,9202017Revenue 2018: $13,853,973Expenses 2018: $14,748,941Net Income 2018: -$894,9682018Revenue 2019: $420,000Expenses 2019: $46,682Net Income 2019: $373,3182019

Highlighted filing

2016

Revenue$12,414,000
Expenses$12,940,351
Net Income-$526,351
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 7, 2017
Return Version
2015v3.0
Gross Receipts
$13,800,687
Mission and Program Overview

Mission

To enrich the lives of people with disabilities through employment opportunities while providing quality service to our customers.

See page 2, part iii, line 1 for details

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,249,671$3,932,991▼ $316,680
Land, Buildings, and Equipment, Net$1,761,781$1,708,780▼ $53,001
Accounts Receivable$1,377,419$1,514,315▲ $136,896
Cash and Non-Interest-Bearing Accounts$39,945$380,953▲ $341,008
Prepaid Expenses and Deferred Charges$104,531$105,980▲ $1,449
Inventories for Sale or Use$26,191$26,951▲ $760
Savings and Temporary Cash Investments$5--
Total Assets$7,604,186$7,714,614▲ $110,428
Other Assets Total$44,643$44,644▲ $1
Liabilities
Accounts Payable and Accrued Expenses$835,593$1,394,761▲ $559,168
Mortgage Notes Payable Secured by Investment Property$697,562$731,828▲ $34,266
Other Liabilities$374,841$377,679▲ $2,838
Unsecured Notes Loans Payable$50,976$67,721▲ $16,745
Total Liabilities$1,958,972$2,571,989▲ $613,017
Net Assets / Fund Balance
Unrestricted Net Assets$5,586,321$5,112,350▼ $473,971
Temporarily Rstr Net Assets$58,893$30,275▼ $28,618
Total Net Assets Fund Balance$5,645,214$5,142,625▼ $502,589
Total Liabilities and Net Assets / Fund Balance$7,604,186$7,714,614▲ $110,428

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$862,000$1,600,674$2,462,674
Other Land Buildings$283,328$1,152,224$1,435,552
Equipment$432,252$943,738$1,375,990
Land$131,200-$131,200
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda H ChandlerChief Executive OfficerFT$226,248$21,123$247,371
Marshall HensonChief Operating OfficerFT$129,263$5,936$135,199
Edward SuggsChief Finance OfficerFT$103,274$6,105$109,379

Board Members and Trustees

NameTitle
Bob CunninghamChair
Brad SpencerBoard Member
Carolyn OxenfordBoard Member
Guy EnderleBoard Member
Jennifer MurphyBoard Member
Jim PayneBoard Member
Lewis RhodesBoard Member
Mary GoodBoard Member
Pam ArnoldBoard Member
Pat MurrayBoard Member
Pj BurkinsBoard Member
Ralph PelusoBoard Member
Ranjan DuttaBoard Member
Richard FaulknerBoard Member
Richard WeaverBoard Member
Steven WeissBoard Member
John NolanSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,269,082
Program Service Revenue
$11,027,688
Investment Income
$74,485
Other Revenue
$42,745
All Other Contributions
$112,875
Change in Net Assets
$-526,351

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,423,738
Revenue Not Reported on Financial Statements
$-9,738
Revenue Not Reported on Form 990
$25,926
Other Revenue Adjustments
$-9,738
Total Revenue per Audited Statements
$12,449,664
Total Revenue per Form 990
$12,414,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,452,861
Other Expenses$3,487,490
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,132,655$1,040,694-$7,173,349
Other Employee Benefits$966,633$164,148-$1,130,781
Fees for Services Other$910,766$186,555-$1,097,321
Occupancy$653,392$154,459-$807,851
Payroll Taxes$528,950$88,301-$617,251
Current Officers, Directors, Trustees, and Key Employees$293,706$171,742-$465,448
Office Expenses$380,136$57,787-$437,923
Depreciation Depletion$190,337$133,078-$323,415
Travel$87,250$17,784-$105,034
Pension Plan Contributions$44,381$21,651-$66,032
Other Expenses$16,527$27,792-$44,319
All Other Expenses$13,301$30,211-$43,512
Conferences and Meetings$8,796$34,208-$43,004
Fees for Services Accounting-$34,000-$34,000
Interest$2,659$26,509-$29,168
Fees for Service Investment Mgmnt Fees-$27,352-$27,352
Insurance$6,489$9,086-$15,575
Advertising$2,688$7,142-$9,830
Total Functional Expenses$10,527,182$2,413,169$0$12,940,351

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,952,253
Expenses per Audited Statements$12,940,351
Total Expenses per Form 990$12,940,351
Expenses Not Reported on Form 990$11,902
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,476
Fundraising Direct Expenses$9,738
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Miracle on 23rd Street$27,476$27,476$7,696$19,780
Total Events$27,476$27,476$9,738$17,738
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation Payable$184,620
Deferred Rent$149,476
Funds Held for Ahrq$43,583
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

In september 2015, linden restated its bylaws to include the compensation committee as a standing committee of the board of directors. Linden also amended its articles of incorporation to state that the organization has no members.

Form 990, Part VI, Section A, Line 7B

The board of directors has the power and authority to develop,adopt and oversee policies that will provide the framework for the operations of the corporation; it has the freedom to exercise independent judgment upon all matters, except as otherwise provided by law.

Form 990, Part VI, Section B, Line 11

The audit committee receives the form 990 from the independent public accounting firm and reviews the form 990 for accuracy and disclosure. The form 990 is reviewed and accepted by the board of directors.

Form 990, Part VI, Section B, Line 12C

All employees and board members must read and sign the conflict of interest policy annually. They can report conflict of interest to the organization's hotline number/website. Any complaints are investigated by the audit chair. The audit committee is advised of all complaints.

Form 990, Part VI, Section B, Line 15A

Ceo compensation is reviewed by the full board annually according to board policy. Changes to compensation are based on established and board-approved goals for the fiscal year and a formal performance evaluation by a compensation task force and approved by the board.

Form 990, Part VI, Section C, Line 19

The organization makes available its governing documents, conflict of interest policy, and financial statements to the public upon request. The audit committee assists the board of directors in fulfilling its fiduciary responsibilities by overseeing the integrity, risk, and legal compliance associated with internal and external audit processes and assures the appointment qualifications and independence of the external auditors.

Filing and Contact Details

Filer

Filer Name
Linden Resources Inc
EIN
54-0660113
Phone
7035214441
Address
750 SOUTH 23RD STREET, ARLINGTON, VA 22202

Signing Officer

Name
Linda H Chandler
Title
CEO
Phone
7035214441
Signed
2017-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda H Chandler
Formed
1959
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
295
Volunteers
27

Preparer

Firm
Calibre CPA Group Pllc
Address
7501 WISCONSIN AVENUE SUITE 1200, WEST, BETHESDA, MD 20814
Preparer
Joann Woodson CPA
Phone
2023319880
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

In january, 2016 our organization created two separate programs: the career readiness transition program and the integrated day support program. The career readiness transition program focuses exclusively on providing an evidence-based model of services called supported employment, to individuals who are interested in gaining community based employment. Integrated day support provides social and recreational programs to long-time linden community members who are not interested in gaining community based employment at this time. The career readiness transition program focuses exclusively on providing an evidence-based model of services, called supported employment, to individuals who are interested in gaining community based employment. The career readiness transition program is a twelve to eighteen month program where participants meet individually with workforce specialists to set and work toward employment goals. Services may include resume development, vocational assessment, and specialized accommodations support. Workforce specialists will engage community employers to find appropriate placements for the individuals in the program. The community integrated day support program focuses on daily living and job skills education with community integration activities and recreation for adults with disabilities. Program specialists assist each person to explore interests and support needs annually through a person-centered planning process. The ultimate goal is to increase participants' independence and assist in building healthy relationships in the local community while enhancing the diversity and human experience of the broader community. On october 2015, linden resources was awarded a five year federal grant through the u.s. Department of health and human services. The grant focus is to assist men with significant employment barriers to gain meaningful work, to improve their parental bond and to support healthy relationships.

Form 990, Part III, Line 3

On december 31, 2015, linden resources ended 'sheltered employment' for participants in our headquarter's program, and pro-actively created two new programs to replace sheltered employment. These new programs are in line with the employment first philosophy, as well as providing community integration and preparation for employment opportunities to the participants.

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Linden resources accounts for income taxes in accordance with the accounting standards codification (asc) topic income taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in a tax return. Linden resources performed an evaluation of uncertain tax positions for the years ended june 30, 2016 and 2015, and determined that there were no matters that would require recognition in the financial statements or that may have an effect on its tax-exempt status.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Special event expense reported on part viii

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expense reported on part viii

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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF FINANCE OFFICER
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IRS990/ProgramServiceRevenueGrp/Desc3SECURE DOCUMENT DESTRUCTION
IRS990/ProgramServiceRevenueGrp/Desc4WAREHOUSE/FULFILLMENT CENTER
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IRS990/ProgSrvcAccomActy2Grp/Desc0BUSINESS: COMMERCIAL BUSINESSES PROVIDE EMPLOYMENT OPPORTUNITIES FOR MANY INDIVIDUALS WITH SIGNIFICANT-TO-PROFOUND DEVELOPMENTAL AND INTELLECTUAL DISABILITIES, AS WELL AS VETERANS WHO INCURRED SERVICE-CONNECTED INJURIES. THIS EMPLOYMENT IS DESIGNED TO FOSTER GREATER INDEPENDENCE AND INTEGRATION INTO A WORK ENVIRONMENT. LINDEN COMMERCIAL BUSINESSES INCLUDE PRINT SERVICES, WAREHOUSING, SECURE DOCUMENT DESTRUCTION, DOCUMENT CONVERSION, FULFILLMENT AND PACKAGING. STAFF PERSONS IN THESE BUSINESSES WORK ON AN ONGOING BASIS TO MAINTAIN A STEADY FLOW OF CUSTOMERS, THROUGH QUALITY ASSURANCE AND EXCEPTIONAL CUSTOMER SERVICE. WORKFORCE DEVELOPMENT SERVICES ARE PROVIDED TO EMPLOYEES WITH DISABILITIES TO ENSURE ADEQUATE TRAINING, SKILL BUILDING, ONGOING SUPPORT AND ONGOING CAREER PLANNING.
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IRS990/ProgSrvcAccomActy3Grp/Desc0INTEGRATED COMMUNITY DEVELOPMENT: WORKFORCE SPECIALISTS PROVIDE CAREER FOCUSED SKILL BUILDING, SCREENING, PLACEMENT AND SUPPORT SERVICES TO ENSURE INDIVIDUALS WITH DISABILITIES HAVE MEANINGFUL OPPORTUNITIES FOR EMPLOYMENT. INDIVIDUALS ARE EMPLOYED IN INTEGRATED WORK SETTINGS THAT INCLUDE BOTH INDIVIDUALS WITH AND WITHOUT DISABILITIES. THESE WORK ENVIRONMENTS HELP TO FOSTER GREATER INDEPENDENCE AND INCLUSION. LINDEN WORKFORCE SPECIALISTS PROVIDE FOLLOW-ALONG SUPPORTS FOR BOTH THE INDIVIDUAL AND THE EMPLOYER AND FACILITATE ON-THE-JOB TRAINING FOR THE INDIVIDUALS, AS NEEDED. THE INDIVIDUALS IN COMMUNITY EMPLOYMENT MAY NEED ASSISTANCE IN PREPARING FOR INTEGRATED COMMUNITY EMPLOYMENT, FINDING AND APPLYING FOR APPROPRIATE SKILL-BASED EMPLOYMENT, AND RETAINING THEIR JOBS.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0859338
IRS990/ProgSrvcAccomActyOtherGrp/Desc0WAREHOUSE/FULFILLMENT CENTER, SECURE DOCUMENT DESTRUCTION, AND FATHERS FORWARDS PROGRAM.
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