Civic Intelligence

Spes Development Corporation

EIN 81-3137293 • 501(c)3 • Methuen, MA

Profile

1. To be operated exclusively as a nonprofit public benefit corporation, safeguarding the dignity of all persons by engaging in sustainable humanitarian activities and intervention strategies encompassing economic, social, educational, cultural, scientific, and technological projects for the prevention and eradication of poverty, the elimination or prejudice and discriminaton. The reduction of neighborhood tensions, and combat community tensions. 2. The corporation's programs and activities are designed to improve the living standard of all economicaly, educationally, and socially disadvantaged individuals including members of the minority community, unemployed, underemployed and low-moderate income persons on a national and global level regardless of their race, ethnicity, or religion.

57 Larchwood RoadMethuen, MA 01844-4312

melitafarms.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.74x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

14.37x

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

501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

3rd percentile

-170%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

29th percentile

-3.9%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

36%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$816,991

Down $33,562 (-3.9%) from 2020

Liabilities

Up

$602,963

Up $2,963 (+0.5%) from 2020

Net Assets

Down

$214,028

Down $36,525 (-15%) from 2020

Revenue

Up

$41,974

Up $11,054 (+36%) from 2020

Expenses

Up

$113,310

Up $37,953 (+50%) from 2020

Net Income

Down

-$71,336

Down $26,899 (-61%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2020: $850,553Liabilities 2020: $600,000Net Assets 2020: $250,5532020Assets 2021: $816,991Liabilities 2021: $602,963Net Assets 2021: $214,0282021

Highlighted filing

2021

Assets$816,991
Liabilities$602,963
Net Assets$214,028

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50K-$100KRevenue 2020: $30,920Expenses 2020: $75,357Net Income 2020: -$44,4372020Revenue 2021: $41,974Expenses 2021: $113,310Net Income 2021: -$71,3362021

Highlighted filing

2021

Revenue$41,974
Expenses$113,310
Net Income-$71,336

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$41,974
Mission and Program Overview

Mission

1. To be operated exclusively as a nonprofit public benefit corporation, safeguarding the dignity of all persons by engaging in sustainable humanitarian activities and intervention strategies encompassing economic, social, educational, cultural, scientific, and technological projects for the prevention and eradication of poverty, the elimination or prejudice and discriminaton. The reduction of neighborhood tensions, and combat community tensions. 2. The corporation's programs and activities are designed to improve the living standard of all economicaly, educationally, and socially disadvantaged individuals including members of the minority community, unemployed, underemployed and low-moderate income persons on a national and global level regardless of their race, ethnicity, or religion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$836,379$801,647▼ $34,732
Rtn Earn Endowment Incm Other Fnds$250,553$214,028▼ $36,525
Cash and Non-Interest-Bearing Accounts$14,174$15,344▲ $1,170
Total Assets$850,553$816,991▼ $33,562
Liabilities
Accounts Payable and Accrued Expenses$600,000$602,963▲ $2,963
Total Liabilities$600,000$602,963▲ $2,963
Net Assets / Fund Balance
Total Net Assets Fund Balance$250,553$214,028▼ $36,525
Total Liabilities and Net Assets / Fund Balance$850,553$816,991▼ $33,562

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$689,647$58,603$748,250
Land$112,000-$112,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$14,300
Program Service Revenue
$27,674
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-71,336
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$113,310
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
Depreciation Depletion$40,350$29,193-$69,543
Fees for Services Other$18,609$4,575-$23,184
Interest$6,767--$6,767
Occupancy$4,803--$4,803
Insurance-$473-$473
Office Expenses$159$159-$318
Other Expenses$59--$59
Total Functional Expenses$78,910$34,400$0$113,310
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

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
Spes Development Corporation
EIN
81-3137293
Phone
9543913730
Address
57 LARCHWOOD ROAD, METHUEN, MA 01844-4312

Signing Officer

Name
Octavien a Spanner
Title
President
Phone
9543913730
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Octavien a Spanner
Formed
2016
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Firm
New England Tax Services Inc
Address
27 ELM ST, NASHUA, NH 03060-3328
Preparer
Nancy Lebeau
Phone
9782582132
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

1. To be operated exclusively as a nonprofit public benefit corporation, safeguarding the dignity of all persons by engaging in sustainable humanitarian activities and intervention strategies encompassing economic, social, educational, cultural, scientific, and technological projects for the prevention and eradication of poverty, the elimination or prejudice and discriminaton. The reduction of neighborhood tensions, and combat community tensions. 2. The corporation's programs and activities are designed to improve the living standard of all economicaly, educationally, and socially disadvantaged individuals including members of the minority community, unemployed, underemployed and low-moderate income persons on a national and global level regardless of their race, ethnicity, or religion.

Form 990, Page 2, Part III, Line 4D

2. The corporation's programs and activities are designed to improve the living standard of all economicaly, educationally, and socially disadvantaged individuals including members of the minority community, unemployed, underemployed and low-moderate income persons on a national and global level regardless of their race, ethnicity, or religion.

Form 990, Part IX, Line 11G

Bank fees and charges 0 94 0 car and truck 1,066 0 0 charitable reg fees 135 0 0 hardware supplies & equip 5,295 0 0 supplies 1,932 0 0 meals 862 0 0 office supplies and software 0 3,510 0 repairs and maintenence 0 236 0 security software 0 181 0 miscellaneous 0 554 0 utilities 8,391 0 0 veg germwination,soil etc 928 0 0 total 18,609 4,575 0

Form 990, Part XI, Line 9

Book / tax depreciation difference 34,811

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01. TO BE OPERATED EXCLUSIVELY AS A NONPROFIT PUBLIC BENEFIT CORPORATION, SAFEGUARDING THE DIGNITY OF ALL PERSONS BY ENGAGING IN SUSTAINABLE HUMANITARIAN ACTIVITIES AND INTERVENTION STRATEGIES ENCOMPASSING ECONOMIC, SOCIAL, EDUCATIONAL, CULTURAL, SCIENTIFIC, AND TECHNOLOGICAL PROJECTS FOR THE PREVENTION AND ERADICATION OF POVERTY, THE ELIMINATION OR PREJUDICE AND DISCRIMINATON. THE REDUCTION OF NEIGHBORHOOD TENSIONS, AND COMBAT COMMUNITY TENSIONS. 2. THE CORPORATION'S PROGRAMS AND ACTIVITIES ARE DESIGNED TO IMPROVE THE LIVING STANDARD OF ALL ECONOMICALY, EDUCATIONALLY, AND SOCIALLY DISADVANTAGED INDIVIDUALS INCLUDING MEMBERS OF THE MINORITY COMMUNITY, UNEMPLOYED, UNDEREMPLOYED AND LOW-MODERATE INCOME PERSONS ON A NATIONAL AND GLOBAL LEVEL REGARDLESS OF THEIR RACE, ETHNICITY, OR RELIGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12. THE CORPORATION'S PROGRAMS AND ACTIVITIES ARE DESIGNED TO IMPROVE THE LIVING STANDARD OF ALL ECONOMICALY, EDUCATIONALLY, AND SOCIALLY DISADVANTAGED INDIVIDUALS INCLUDING MEMBERS OF THE MINORITY COMMUNITY, UNEMPLOYED, UNDEREMPLOYED AND LOW-MODERATE INCOME PERSONS ON A NATIONAL AND GLOBAL LEVEL REGARDLESS OF THEIR RACE, ETHNICITY, OR RELIGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BANK FEES AND CHARGES 0 94 0 CAR AND TRUCK 1,066 0 0 CHARITABLE REG FEES 135 0 0 HARDWARE SUPPLIES & EQUIP 5,295 0 0 SUPPLIES 1,932 0 0 MEALS 862 0 0 OFFICE SUPPLIES AND SOFTWARE 0 3,510 0 REPAIRS AND MAINTENENCE 0 236 0 SECURITY SOFTWARE 0 181 0 MISCELLANEOUS 0 554 0 UTILITIES 8,391 0 0 VEG GERMWINATION,SOIL ETC 928 0 0 TOTAL 18,609 4,575 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE 34,811
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09543913730
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPES DEVELOPMENT CORPORATION
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ReturnHeader/Filer/EIN0813137293
ReturnHeader/Filer/PhoneNum09543913730
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ReturnHeader/Filer/USAddress/ZIPCd0018444312
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832933428
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NEW ENGLAND TAX SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt027 ELM ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NASHUA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0030603328
ReturnHeader/PreparerPersonGrp/PhoneNum09782582132
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NANCY LEBEAU
ReturnHeader/ReturnTs02022-11-15T16:22:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0OCTAVIEN A
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SPANNER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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