Civic Intelligence

Tri Town 55 Plus Inc

EIN 81-4104103 • 501(c)3 • Chatham, NJ

990-N Coverage

Profile

Tri-town 55+ is a non-profit, community based organization that seeks to bring representatives of business, non-profit, public, and quasi-public agencies into partnership to address the quality of life and diverse needs and interests of older adults and their families in the communities of chatham borough, chatham township, and madison borough.

P O Box 463Chatham, NJ 07928

gmail.com

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

7th percentile

-175%

Higher net margin than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$26,775

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 45.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

52nd percentile

-0.6%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2020

Revenue Growth

17th percentile

-49%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2020

Assets

Down

$2,752

Down $14,094 (-84%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Down

$2,752

Down $14,094 (-84%) from 2019

Revenue

Down

$8,044

Down $70,475 (-90%) from 2019

Expenses

Down

$22,138

Down $45,376 (-67%) from 2019

Net Income

Down

-$14,094

Down $25,099 (-228%) from 2019

Trend Graphs

Balance Sheet Trend

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

$20K$15K$10K$5.0K$0Assets 2016: $1,937Liabilities 2016: $0Net Assets 2016: $1,9372016Assets 2017: $2,799Liabilities 2017: $0Net Assets 2017: $2,7992017Assets 2019: $16,846Liabilities 2019: $0Net Assets 2019: $16,8462019Assets 2020: $2,752Liabilities 2020: $0Net Assets 2020: $2,7522020

Highlighted filing

2020

Assets$2,752
Liabilities$0
Net Assets$2,752

Operations Trend

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

$100K$50K$0-$50KRevenue 2016: $2,000Expenses 2016: $63Net Income 2016: $1,9372016Revenue 2017: $59,245Expenses 2017: $58,384Net Income 2017: $8612017Revenue 2019: $78,519Expenses 2019: $67,514Net Income 2019: $11,0052019Revenue 2020: $8,044Expenses 2020: $22,138Net Income 2020: -$14,0942020

Highlighted filing

2020

Revenue$8,044
Expenses$22,138
Net Income-$14,094

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 8, 2021
Return Version
2020v4.0
Gross Receipts
$8,044
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
RIDES FOR SENIORS - EXPAND ACCESSIBLE TRANSPORTATION FOR THOSE 55 AND OLDER IN THE TRI-TOWN COMMUNITIES.-$8,370
INCREASE COMMUNICATION AND INFORMATION SHARING FOR SENIOR RESOURCES AND EVENTS IN THE TRI-TOWN COMMUNITIES.-$5,753
ADDRESS THE HOUSING NEEDS AND ISSUES CONCERNING SENIORS OVER 55 WHO DESIRE TO REMAIN RESIDENTS IN THE TRI-TOWN COMMUNITIES.-$4,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LAURA SOSTAKExecutive DirectorPT$13,500-$13,500
JOHN CROUTHAMELPresidentPT$0--
JOHN F HOOVERVice PresidentPT$0--
THOMAS HONOHANSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Tri Town 55 Plus Inc
EIN
81-4104103
Address
P O BOX 463, CHATHAM, NJ 07928

Signing Officer

Name
John Crouthamel
Title
President
Phone
8622466065
Signed
2021-02-08
Discuss with paid preparer
Yes

Preparer

Firm
John J Ferrence Jr CPA
Address
8 HILLTOP CIRCLE, WHIPPANY, NJ 07981
Preparer
John J Ferrence Jr
Phone
9735158564
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

Description AmountAWARDS 5

Description of other expenses Part I line 16

Description AmountREGISTRATION FEES 168ADVERTISING & PROMOTION 952INSURANCE 821BANK CHARGES 10MEETINGS 763TRANSPORTATION PROGRAM RIDE FEE 3,870INTEREST EXPENSE 59OFFICE EXPENSE 166

Description of other assets Part II line 24

Category Beginning of Year End of YearFURNITURE & EQUIPMENT 1,047 1,047

Part III response or note to any other line in Part III

Form 990-ez, part iii - organizations primary exempt purposeis a community based organization that seeks to bring representatives of business, non-profit, public, and quasi-public agencies into partnership to address the quality of life and diverse needs and interests of older adults and their families in the tri-town communities.

Raw XML Appendix174 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountAWARDS 5
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountREGISTRATION FEES 168ADVERTISING & PROMOTION 952INSURANCE 821BANK CHARGES 10MEETINGS 763TRANSPORTATION PROGRAM RIDE FEE 3,870INTEREST EXPENSE 59OFFICE EXPENSE 166
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990-EZ, PART III - ORGANIZATIONS PRIMARY EXEMPT PURPOSEIS A COMMUNITY BASED ORGANIZATION THAT SEEKS TO BRING REPRESENTATIVES OF BUSINESS, NON-PROFIT, PUBLIC, AND QUASI-PUBLIC AGENCIES INTO PARTNERSHIP TO ADDRESS THE QUALITY OF LIFE AND DIVERSE NEEDS AND INTERESTS OF OLDER ADULTS AND THEIR FAMILIES IN THE TRI-TOWN COMMUNITIES.
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