Civic Intelligence

The Midas Collaborative Inc

990 • Fiscal year 2010 • EIN 83-0485169

Jan 01, 2010 to Dec 31, 2010 • Filed on Oct 24, 2011

Organization ProfileMASSASSETS.ORG
20 Linden Street 2nd Floor02134
Siviq Scores

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

Liabilities / Assets

90th percentile

0.94x

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

2010 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets90th percentile

Assets

$677,787

No earlier filing loaded for comparison.

Net Assets

$37,351

No earlier filing loaded for comparison.

Liabilities

$640,436

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$274,403

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $677,787Liabilities 2010: $640,436Net Assets 2010: $37,3512010Assets 2011: $1,180,347Liabilities 2011: $1,080,511Net Assets 2011: $99,8362011Assets 2012: $1,238,289Liabilities 2012: $1,162,229Net Assets 2012: $76,0602012Assets 2013: $1,422,467Liabilities 2013: $1,361,475Net Assets 2013: $60,9922013Assets 2014: $1,397,151Liabilities 2014: $1,324,105Net Assets 2014: $73,0462014Assets 2015: $1,824,376Liabilities 2015: $1,661,035Net Assets 2015: $163,3412015Assets 2016: $1,961,820Liabilities 2016: $1,795,960Net Assets 2016: $165,8602016Assets 2017: $1,610,769Liabilities 2017: $1,479,736Net Assets 2017: $131,0332017Assets 2018: $1,356,435Liabilities 2018: $1,225,023Net Assets 2018: $131,4122018Assets 2019: $970,656Liabilities 2019: $847,941Net Assets 2019: $122,7152019Assets 2020: $667,319Liabilities 2020: $495,766Net Assets 2020: $171,5532020Assets 2022: $1,003,033Liabilities 2022: $633,271Net Assets 2022: $369,7622022Assets 2023: $1,177,038Liabilities 2023: $719,976Net Assets 2023: $457,0622023Assets 2024: $1,097,147Liabilities 2024: $585,178Net Assets 2024: $511,9692024

Highlighted filing

2010

Assets$677,787
Liabilities$640,436
Net Assets$37,351
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $274,4032010Expenses 2011: $227,4942011Expenses 2012: $276,0202012Revenue 2013: $346,203Expenses 2013: $361,271Net Income 2013: -$15,0682013Revenue 2014: $437,103Expenses 2014: $425,049Net Income 2014: $12,0542014Revenue 2015: $654,971Expenses 2015: $564,676Net Income 2015: $90,2952015Revenue 2016: $546,548Expenses 2016: $544,029Net Income 2016: $2,5192016Revenue 2017: $396,252Expenses 2017: $431,079Net Income 2017: -$34,8272017Revenue 2018: $234,534Expenses 2018: $234,155Net Income 2018: $3792018Revenue 2019: $175,720Expenses 2019: $184,417Net Income 2019: -$8,6972019Revenue 2020: $223,429Expenses 2020: $174,591Net Income 2020: $48,8382020Revenue 2022: $627,524Expenses 2022: $449,796Net Income 2022: $177,7282022Revenue 2023: $477,798Expenses 2023: $515,498Net Income 2023: -$37,7002023Revenue 2024: $636,124Expenses 2024: $581,217Net Income 2024: $54,9072024

Highlighted filing

2010

Revenue-
Expenses$274,403
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Oct 24, 2011
Return Version
2010v3.4
Gross Receipts
$291,103
Mission and Program Overview

Mission

To coordinate a statewide collaborative of community-based, not-for-profit organizations that facilitate the asset development of low-income families, through increased financial management skills, community and peer support, and access to wealth-building vehicles such as homes, businesses, and education.

Filing and Contact Details

Filer

EIN
83-0485169
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IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0291103
IRS990ScheduleD/WrittenPolicyMonitoring0false
IRS990/ScheduleJRequired0false
IRS990ScheduleO/GeneralExplanation/Explanation0TO COORDINATE A STATEWIDE COLLABORATIVE OF COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATIONS THAT FACILITATE THE ASSET DEVELOPMENT OF LOW-INCOME FAMILIES, THROUGH INCREASED FINANCIAL MANAGEMENT SKILLS, COMMUNITY AND PEER SUPPORT, AND ACCESS TO WEALTH-BUILDING VEHICLES SUCH AS HOMES, BUSINESSES, AND EDUCATION.
IRS990ScheduleO/GeneralExplanation/Explanation1SMALL BUSINESSES, AND OTHER ASSETS. LAUNCHED NEW ASSET-BUILDING PROGRAMS TO BRING A SIMILAR MIX OF INCENTIVES, EDUCATION, AND ACCESS TO TRANSITIONAL HOUSING CLIENTS, FAMILY SELF SUFFICIENCY CLIENTS, FORECLOSURE SURVIVORS, AND OTHER VERY LOW INCOME INVESTORS TO ASSIST WITH INVESTMENTS IN COMPUTERS, AUTOS, RAINY-DAY FUNDS AND OTHER INITIAL ASSETS ON THE ROAD TO FINANCIAL STABILITY. THE 62 NEW INVESTORS AT 3 MEMBER SITES MET THEIR INITIAL GOALS AND ACCRUED OVER 30,000 IN MATCHED SAVINGS. PROVIDED ON-LINE MANAGEMENT SERVICES AS A PARTNER IN MASS TAX AND ASSET CONSORTIUM (MTAC). NOW IN USE BY OVER 500 VOLUNTEERS AND MANAGERS IN 39 SITES ACROSS THE STATE, THIS MANAGEMENT PLATFORM ASSISTS COORDINATORS TO MANAGE THEIR VOLUNTEERS, SCHEDULES, DATA, AND SITES. IN THIS TAX YEAR, MTAC PARTNERS ASSISTED OVER 18,000 TAXPAYERS RETURN OVER 23 MILLION INTO THEIR HOUSEHOLDS AND THEIR COMMUNITIES. DEVELOPED AND DISTRIBUTED UPDATED, MASSACHUSETTS-SPECIFIC, FINANCIAL EDUCATION AND CONSUMER INFORMATION TO LOW AND MODERATE INCOME RESIDENTS AS WELL AS TO THE GENERAL PUBLIC. "STAYING AFLOAT: MANAGING YOUR FINANCES IN A CHANGING ECONOMY" IS A KITCHEN-TABLE RESOURCE OF MONEY-MANAGEMENT IN 4 LANGUAGES. OVER 60,000 COPIES AT OVER 200 ACCESS POINTS ACROSS THE STATE HAVE BEEN DISTRIBUTED. COORDINATED AND PROMOTED ASSET DEVELOPMENT PRACTICE AND POLICY IN MASSACHUSETTS, AT THE COMMUNITY, STATE, AND NATIONAL LEVELS, BY EDUCATING POLICYMAKERS AND THE GENERAL PUBLIC ON POLICIES THAT PROMOTE OPPORTUNITIES FOR WEALTH-BUILDING AMONG LOW-INCOME PEOPLE, HOSTING RELEVANT TRAININGS AND CONVENING'S, AND PROVIDING RESOURCES TO PUBLIC AGENCIES, PHILANTHROPIES, LEGISLATORS, PARTNERS, AND OTHER KEY STAKEHOLDERS.
IRS990ScheduleO/GeneralExplanation/Explanation2FINANCIAL MANAGMENT SERVICES AND PAYROLL AND BENEFIT PROCESSING PROVIDED BY ALLSTON BRIGHTON COMMUNITY DEVELOPMENT CORPORATION FOR A FEE. ALL EXPENSES REIMBURSED TO ALLSTON BRIGHTON COMMUNITY DEVLEOPMENT CORPORATION.
IRS990ScheduleO/GeneralExplanation/Explanation3THE CORPORATION SHALL HAVE TWO CLASSES OF MEMBERS FULL MEMBERS AND AFFILIATE MEMBERS. THE DESIGNATION OF SUCH CLASSES AND THE QUALIFICATIONS AND RIGHTS OF THE MEMBERS OF SUCH CLASSES ARE SET FORTH IN ARTICLE II OF THE ORGANIZATIONS BY-LAWS.
IRS990ScheduleO/GeneralExplanation/Explanation4ADMISSION AS A FULL MEMBER REQUIRES: (I) NOMINATION BY AN EXISTING FULL MEMBER IN GOOD STANDING, (II) APPROVAL BY THE BOARD OF DIRECTORS, AND; (III)APPROVAL BY AN AFFIRMATIVE VOTE OF AT LEAST THREE-FOURTHS OF ALL FULL MEMBERS IN GOOD-STANDING. ADMISSION AS AN AFFILIATE MEMBER REQUIRES APPROVAL BY AN AFFIRMATIVE VOTE OF A SIMPLE MAJORITY OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation5EACH FULL MEMBER WILL BE ENTITLED THE FOLLOWING RIGHTS: I) ONE VOTE IN ALL MATTERS REQUIRING MEMBER VOTE; II) ONE VOTE TO ELECT REPRESENTATIVES TO THE BOARD OF DIRECTORS; III) ELIGIBILITY TO SERVE ON THE BOARD OF DIRECTORS; IV) EQUAL OPPORTUNITY TO PRESENT IDEAS TO THE CORPORATION, TO VOICE CONCERNS, AND TO REQUEST CHANGES TO THE CORPORATION'S STRUCTURE, POLICIES, OR OPERATIONS; V) ELIGIBILITY FOR PROGRAM FUNDS RAISED BY THE CORPORATION ON BEHALF OF MEMBERS; VI) IN THE CASE OF A MATCHED SAVINGS PROGRAM, ACCESS TO CENTRALIZED MATCHED ACCOUNT MANAGEMENT, RECORD-KEEPING, AND STATEWIDE PROGRAM DATA COLLECTION AND ANALYSIS BY THE CORPORATION, AS FUNDING AND OPPORTUNITIES PERMIT; VII) DISCOUNTS ON TRAININGS, TECHNICAL ASSISTANCE, WEB-BASED RESOURCES AND ACCESS TO THE CORPORATION'S RESOURCE LIBRARY; AND VIII) ACCESS TO ANY CORPORATION ADMINISTRATIVE RECORDS, INCLUDING MEETING MINUTES, GRANT APPLICATIONS, PEER PROGRAM EVALUATION RESULTS,COMMUNICATIONS WITH AND FROM CORPORATION FUNDERS, AND ANY OTHER DOCUMENTS RELATED TO CORPORATION BUSINESS. EACH AFFILIATE MEMBER WILL BE ENTITLED THE FOLLOWING RIGHTS: I) EQUAL OPPORTUNITY TO PRESENT IDEAS TO THE CORPORATION, TO VOICE CONCERNS, AND TO REQUEST CHANGES TO THE CORPORATION'S STRUCTURE, POLICIES OR OPERATIONS; II) PARTICIPATION IN MEMBER MEETINGS AS NON-VOTING MEMBERS; III) PARTICIPATION IN EDUCATIONAL EFFORTS; IV) DISCOUNTS ON TRAININGS, TECHNICAL ASSISTANCE, WEB-BASED RESOURCES AND ACCESS TO THE CORPORATION'S RESOURCE LIBRARY; AND V) OPPORTUNITY TO APPLY FOR ADMISSION AS A FULL MEMBER.
IRS990ScheduleO/GeneralExplanation/Explanation6IRS FORM 990 IS REVIEWED WITH PREPARER BY THE MANAGEMENT SERVICES PERSONNEL AND THEN CIRCULATED TO BOARD MEMBERS PRIOR TO SUBMISSION.
IRS990ScheduleO/GeneralExplanation/Explanation7GOVERNING DOCUMENTS PROVIDED UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Identifier0ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/Identifier1FIRST ACHIEVEMENT DESCRIPTION
IRS990ScheduleO/GeneralExplanation/Identifier2MANAGEMENT DELEGATED
IRS990ScheduleO/GeneralExplanation/Identifier3CLASSES OF MEMBERS OR STOCKHOLDERS
IRS990ScheduleO/GeneralExplanation/Identifier4ELECTION OF MEMBERS AND THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier5DECISIONS SUBJECT TO APPROVAL OF MEMBERS
IRS990ScheduleO/GeneralExplanation/Identifier6ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier7GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/ScheduleORequired0true
IRS990/School0false
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IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0MA
IRS990/StatesWhereCopyOfReturnIsFiled0MA
IRS990/SubjectToProxyTax0false
IRS990/TaxableDistributions0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/TemporarilyRestrictedNetAssets/BOY012500
IRS990/TemporarilyRestrictedNetAssets/EOY028849
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1020 LINDEN STREET 2ND FLOOR
IRS990/TheBooksAreInCareOf/AddressUS/City0ALLSTON
IRS990/TheBooksAreInCareOf/AddressUS/State0MA
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode002134
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10ALLSTON-BRIGHTON CDC
IRS990/TheBooksAreInCareOf/TelephoneNumber06177873874
IRS990/TotalAssets/BOY0308747
IRS990/TotalAssetsBOY0308747
IRS990/TotalAssets/EOY0677787
IRS990/TotalAssetsEOY0677787
IRS990/TotalCompGT150K0false
IRS990/TotalContributions0249321
IRS990/TotalExpensesCurrentYear0274403
IRS990/TotalExpensesPriorYear0195475
IRS990/TotalFunctionalExpenses/Fundraising011735
IRS990/TotalFunctionalExpenses/ManagementAndGeneral034040

Document Assets

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Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$677,787
Liabilities
$640,436
Net assets
$37,351
Revenue
-
Expenses
$274,403
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.59$0.51$0.64$0.58$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.72$0.46$0.48$0.52$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.63$0.37$0.63$0.45$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.50$0.17$0.22$0.17$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.85$0.12$0.18$0.18$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$1.23$0.13$0.23$0.23$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$1.48$0.13$0.40$0.43$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$1.80$0.17$0.55$0.54$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.82$1.66$0.16$0.65$0.56$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.40$1.32$0.07$0.44$0.43$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.42$1.36$0.06$0.35$0.36$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$1.16$0.08$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$1.08$0.10$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.64$0.04$0.27