Civic Intelligence

The Midas Collaborative Inc

990 • Fiscal year 2016 • EIN 83-0485169

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

20 Linden Street 2nd FloorAllston, MA 02134

(617) 787-3874

Siviq Scores

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

Liabilities / Assets

90th percentile

0.92x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

3.29x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

44th percentile

0.5%

Higher net margin than 44% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

68th percentile

7.5%

Faster asset growth than 68% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

18th percentile

-17%

Faster revenue growth than 18% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,961,820

Up $137,444 (+7.5%) from 2015

Net Assets

Up

$165,860

Up $2,519 (+1.5%) from 2015

Liabilities

Up

$1,795,960

Up $134,925 (+8.1%) from 2015

Revenue

Down

$546,548

Down $108,423 (-17%) from 2015

Expenses

Down

$544,029

Down $20,647 (-3.7%) from 2015

Net Income

Down

$2,519

Down $87,776 (-97%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$1,961,820
Liabilities$1,795,960
Net Assets$165,860

Operations Trend

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

2016

Revenue$546,548
Expenses$544,029
Net Income$2,519
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$553,219
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.

To facilitate asset development and protection of low-income families in a manner that is peer supported, practitioner-tested, and community-building.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$153,013$97,536▼ $55,477
Accounts Receivable$96,625$93,832▼ $2,793
Pledges and Grants Receivable$53,145$53,227▲ $82
Prepaid Expenses and Deferred Charges$6,944$7,984▲ $1,040
Land, Buildings, and Equipment, Net$1,827$1,282▼ $545
Total Assets$1,824,376$1,961,820▲ $137,444
Other Assets Total$1,512,822$1,707,959▲ $195,137
Liabilities
Other Liabilities$1,563,359$1,747,920▲ $184,561
Accounts Payable and Accrued Expenses$58,060$28,586▼ $29,474
Deferred Revenue$39,616$19,454▼ $20,162
Total Liabilities$1,661,035$1,795,960▲ $134,925
Net Assets / Fund Balance
Unrestricted Net Assets$113,341$139,610▲ $26,269
Temporarily Rstr Net Assets$50,000$26,250▼ $23,750
Total Net Assets Fund Balance$163,341$165,860▲ $2,519
Total Liabilities and Net Assets / Fund Balance$1,824,376$1,961,820▲ $137,444

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,282$2,058$3,340
Other Assets Org$1,707,959--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pamela HoffmanExecutive DirectorPT$19,231$1,106$20,337

Board Members and Trustees

NameTitle
Angela GomesInterim Board Co-chair
Suzanne CherensonInterim Board Co-chair
Barbara GreenbergDirector
Katherine AdamDirector
William WeydemeyerDirector
Jennifer LoweClerk
Blair BenjaminTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$421,337
Program Service Revenue
$126,192
Investment Income
$0
Other Revenue
$-981
All Other Contributions
$143,949
Change in Net Assets
$2,519

Audited Revenue Reconciliation

Revenue per Audited Statements
$546,548
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$546,548
Total Revenue per Form 990
$546,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$360,067
Other Expenses$183,962
Total Fundraising Expense$27,028
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$258,625$9,439$17,530$285,594
Fees for Services Other$129,293$14,924-$144,217
Payroll Taxes$24,157$1,443$1,925$27,525
Other Employee Benefits$21,669$1,057$1,962$24,688
Current Officers, Directors, Trustees, and Key Employees$11,130$6,678$4,452$22,260
Office Expenses$9,467$2,723$375$12,565
Occupancy$10,800$600$600$12,000
Fees for Services Accounting-$6,150-$6,150
Conferences and Meetings$3,266$541$87$3,894
Insurance-$2,676-$2,676
Travel$890$955$70$1,915
Depreciation Depletion$490$28$27$545
Total Functional Expenses$469,787$47,214$27,028$544,029

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$544,029
Total Expenses per Audited Statements$544,029
Total Expenses per Form 990$544,029
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$6,671
Fundraising Gross Income$5,690
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Assets & Opportunity Breakfast$39,270$5,690$981$4,709
Total Events$39,270$5,690$6,671$-981
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$1,707,251
Due to Fiscal Agent$40,669
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Financial management 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.

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

Admission as a full member requires: (i) nomination by an existing fullmember in good standing, (ii) approval by the board of directors, and; (iii)approval by an affirmative vote of at least three-fourths of all fullmembers in good-standing. Admission as an affiliate member requires approval by an affirmative vote of a simple majority of the board of directors.

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

Each full member will be entitled to the following rights; i) one vote in all matters requiring member vote; ii) one vote to elect representative to the board of directors; iii) eligibiity 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 corproation business. Each affiliate member will be entitled tothe 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.

Form 990, Part VI, Section B, Line 11B

Irs form 990 is reviewed with the preparer by the management services personnel and then circulated to board members prior to submission.

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

Annual disclosure of interests provided as part of the annual financial statement and tax preparation process.

Form 990, Part VI, Section B, Line 15

Executive compensation is reviewed annually as part of the budget process.

Form 990, Part VI, Section C, Line 19

Governing documents provided upon written request.

Filing and Contact Details

Filer

Filer Name
The Midas Collaborative Inc
EIN
83-0485169
Phone
6177873874
Address
20 LINDEN STREET 2ND FLOOR, ALLSTON, MA 02134

Signing Officer

Name
Jennifer Lowe
Title
Clerk
Phone
6177873874
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Gomes
Formed
2007
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
12
Volunteers
0

Preparer

Firm
Kevin P Martin Associates Pc
Address
10 FORBES WEST, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other consultants: program service expenses 29,293. Management and general expenses 14,924. Fundraising expenses 0. Total expenses 44,217. Subcontracted services: program service expenses 100,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 100,000.

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IRS990/OtherAssetsTotalGrp/EOYAmt01707959
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01962
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01057
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt021669
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024688
IRS990/OtherLiabilitiesGrp/BOYAmt01563359
IRS990/OtherLiabilitiesGrp/EOYAmt01747920
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt017530
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09439
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0258625
IRS990/OtherSalariesAndWagesGrp/TotalAmt0285594
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01925
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01443
IRS990/PayrollTaxesGrp/ProgramServicesAmt024157
IRS990/PayrollTaxesGrp/TotalAmt027525
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt053145
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt053227
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06944
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07984
IRS990/PrincipalOfficerNm0ANGELA GOMES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0126192
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0126192
IRS990/ProgSrvcAccomActy2Grp/Desc0OFFERING FINANCIAL STABILITY TO COMMUNITY COLLEGE STUDENTS: MIDAS COMPLETED INVEST IN COLLEGE SUCCESS, AN INNOVATIVE, COLLABORATIVE TWO-YEAR PILOT OF FINANCIAL STABILITY SERVICES AT THREE COMMUNITY COLLEGES ACROSS THE STATE: BUNKER HILL, NORTHERN ESSEX AND SPRINGFIELD TECHNICAL. THE PROGRAM WAS DESIGNED TO INCREASE COLLEGE AFFORDABILITY FOR AND FINANCIAL CAPABILITIES OF STUDENTS. MIDAS PROVIDED PROJECT COORDINATION, FINANCIAL COACHING, AND MATCHED SAVINGS PROGRAM SERVICES. UASPIRE, A STATEWIDE NONPROFIT PARTNER, PROVIDED CASE MANAGEMENT AND COLLEGE AFFORDABILITY ADVISING. THE FEDERAL RESERVE BANK OF BOSTON CONDUCTED RESEARCH AND EVALUATION. OVER 1,700 STUDENTS WERE SERVED WITHIN THE TWO-YEAR PILOT, WITH POSITIVE OUTCOMES IN ON-TIME COLLEGE PAYMENTS, FAFSA RENEWALS, AND FINANCIAL KNOWLEDGE.INCREASING ACCESS TO FINANCIAL EDUCATION AND INDIVIDUAL FINANCIAL COACHING AND PLANNING: MIDAS EXPANDED THE REACH OF THE FINANCIAL CONFIDENCE & COACHING PROGRAM (FCCP) WHICH INCLUDES ONLINE FINANCIAL EDUCATION RESOURCES AT MASSSAVES.ORG AND INDIVIDUAL FINANCIAL COACHING SERVICES. MASSACHUSETTS RESIDENTS ARE MATCHED WITH NATIONALLY CERTIFIED, MULTILINGUAL FINANCIAL COACHES WHO MEET THEM -- VIA PHONE AND VIRTUAL PLATFORMS -- FOR FREE "ONE-ON-ONE" COACHING SESSIONS, AVAILABLE WEEKDAYS, EVENINGS, AND WEEKENDS. BUILDING ON THE REMOTE MODEL, MIDAS LAUNCHED THE ADDITION OF FREE, REMOTE FINANCIAL PLANNING SERVICES IN APRIL 2016, WITH A GRANT FROM THE FOUNDATION FOR FINANCIAL PLANNING AND PRO-BONO ASSISTANCE FROM MEMBERS OF THE FINANCIAL PLANNING ASSOCIATION OF MASSACHUSETTS (FPAMA). AFTER FINISHING A COACHING ENGAGEMENT WITH MIDAS, ELIGIBLE PARTICIPANTS CAN MEET REMOTELY WITH A CERTIFIED FINANCIAL PLANNER FOR SUPPORT ON ISSUES SUCH AS INVESTING AND GROWING SAVINGS, PROTECTING ASSETS, OBTAINING INSURANCE, RETIREMENT AND/OR ESTATE PLANNING, SAVING FOR COLLEGE, AND MAXIMIZING TAX BENEFITS. BY THE END OF 2016, 20 PARTICIPANTS WERE ENROLLED IN THE FINANCIAL PLANNING OPTION.OF THE 208 RESIDENTS WHO WERE PROVIDED INDIVIDUAL FINANCIAL COACHING SERVICES IN 2016:-90% HAVE "SET CLEAR GOALS AND ACTION STEPS" TOWARD FINANCIAL SUCCESS.-90% HAVE "ACHIEVED THEIR STATED GOAL AND 19% HAVE "ACHIEVED SIGNIFICANT PROGRESS" ON THE MORE COMMON ISSUES OF BANKING, CREDIT, AND SAVINGS.-73% HAVE "ACHIEVED THEIR GOAL" ON AT LEAST ONE OF THEIR INDIVIDUAL AREAS OF FOCUS: RETIREMENT, AUTO, MORTGAGE, SCHOOL DEBT, ID THEFT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0266484
IRS990/ProgSrvcAccomActy3Grp/Desc0TRAININGS ON FINANCIAL EDUCATION TOPICS, RESOURCES, AND COACHING METHODS: MIDAS PROVIDED 20 TRAININGS TO MORE THAN 450 INDIVIDUALS, INCLUDING: STAFF MEMBERS FROM MIDAS MEMBER ORGANIZATIONS ACROSS THE STATE THAT SERVE LOW AND MODERATE-INCOME RESIDENTS; MEMBERS OF THE MASSSAVES COALITION AND THE PUBLIC AT LARGE; EDUCATORS AND POLICYMAKERS AT OUR ANNUAL STATEWIDE FINANCIAL EDUCATION SUMMIT; A VAST ARRAY OF DIRECT SERVICE ORGANIZATIONS ACROSS THE STATE, AND PROFESSIONAL DEVELOPMENT FOR STAFF. TRAINING TOPICS INCLUDED: THE CONSUMER FINANCIAL PROTECTION BUREAU'S FINANCIAL EMPOWERMENT TOOLKIT, FINANCIAL PLANNING AND ASSET-BUILDING, REFINING YOUR COACHING APPROACH AND RESOURCES TO HELP SPECIAL POPULATIONS, BEST PRACTICES IN DESIGNING FINANCIAL EDUCATION WORKSHOPS, AND FINANCIAL COACHING SKILLS AND TECHNIQUES.EDUCATION AND OUTREACH ACTIVITIES TO PROMOTE ASSET-BUILDING AND RETENTION POLICIES: AT THE STATE LEVEL, MIDAS HAS ENGAGED IN POLICY DISCUSSION ON TOPICS SUCH AS MATCHED SAVINGS, CONSUMER PROTECTION, FINANCIAL EDUCATION, AND ASSET LIMIT REFORM, LEADING AND SUPPORTING COALITION WORK. MIDAS CONTINUES TO REPRESENT MASSACHUSETTS IN THE NATIONAL CONVERSATION ON ECONOMIC SECURITY, WHILE IN MASSACHUSETTS THE FOLLOWING INITIATIVES WERE SUCCESSFUL:- INCREASE IN THE STATE EARNED INCOME TAX CREDIT.- EDUCATION IN THE ISSUE OF DEBT COLLECTION ABUSES.- INCREASED AWARENESS OF EMPLOYER DISCRIMINATION BASED ON CREDIT REPORTS. AT THE NATIONAL LEVEL, MIDAS HAS PROVIDED SUPPORT FOR INCREASED FEDERAL REGULATION OF PAYDAY LENDERS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt091737
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt04200
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0534127
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0249338
IRS990/PYOtherRevenueAmt0-1522
IRS990/PYProgramServiceRevenueAmt0122366
IRS990/PYRevenuesLessExpensesAmt090295
IRS990/PYSalariesCompEmpBnftPaidAmt0315338
IRS990/PYTotalExpensesAmt0564676
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0654971
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02519
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0108406
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0421337
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0534127
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0378670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0288800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0218742
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01841676
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt011547
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011547
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0126192
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05163
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02900
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08266
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06190
IRS990ScheduleA/OtherIncome170Grp/TotalAmt022519
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87930
IRS990ScheduleA/PublicSupportPY170Pct00.83120
IRS990ScheduleA/PublicSupportTotal170Amt01649266
IRS990ScheduleA/SubstantialContributorsTotAmt0192410
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0421337
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0534127
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0378670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0288800
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0218742
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01841676
IRS990ScheduleA/TotalSupportAmt01875742
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearAmt09249
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus1Amt08708
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus2Amt07016
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus3Amt03633
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/TotalAmt028606
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt026651
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt027752
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt021253
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt018064
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt093720
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0106604
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0111008
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt085010
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt072254
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0374876
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt09249
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt08708
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt07016
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt03633
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt028606
IRS990ScheduleC/GrassrootsCeilingAmt0140580
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt026651
IRS990ScheduleC/LobbyingCeilingAmt0562314
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0106604
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0534780
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0544029
IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt09249
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt09249
IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01282
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02058
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03340
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0544029
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01707959
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDS HELD FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040669
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11707251
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO FISCAL AGENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FUNDS HELD FOR OTHERS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0546548
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01282
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01707959
IRS990ScheduleD/TotalExpensesPerForm990Amt0544029
IRS990ScheduleD/TotalLiabilityAmt01747920
IRS990ScheduleD/TotalRevenuePerForm990Amt0546548
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0546548
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0544029
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt033580
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt033580
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06671
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ASSETS & OPPORTUNITY BREAKFAST
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt05690
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt05690
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt039270
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt039270
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt05690
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt05690
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-981
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0981
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0981
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FINANCIAL MANAGEMENT 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/SupplementalInformationDetail/ExplanationTxt1ADMISSION AS A FULL MEMBER REQUIRES: (I) NOMINATION BY AN EXISTING FULLMEMBER IN GOOD STANDING, (II) APPROVAL BY THE BOARD OF DIRECTORS, AND; (III)APPROVAL BY AN AFFIRMATIVE VOTE OF AT LEAST THREE-FOURTHS OF ALL FULLMEMBERS IN GOOD-STANDING. ADMISSION AS AN AFFILIATE MEMBER REQUIRES APPROVAL BY AN AFFIRMATIVE VOTE OF A SIMPLE MAJORITY OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH FULL MEMBER WILL BE ENTITLED TO THE FOLLOWING RIGHTS; I) ONE VOTE IN ALL MATTERS REQUIRING MEMBER VOTE; II) ONE VOTE TO ELECT REPRESENTATIVE TO THE BOARD OF DIRECTORS; III) ELIGIBIITY 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 CORPROATION BUSINESS. EACH AFFILIATE MEMBER WILL BE ENTITLED TOTHE 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/SupplementalInformationDetail/ExplanationTxt3IRS FORM 990 IS REVIEWED WITH THE PREPARER BY THE MANAGEMENT SERVICES PERSONNEL AND THEN CIRCULATED TO BOARD MEMBERS PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL DISCLOSURE OF INTERESTS PROVIDED AS PART OF THE ANNUAL FINANCIAL STATEMENT AND TAX PREPARATION PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY AS PART OF THE BUDGET PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS PROVIDED UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 29,293. MANAGEMENT AND GENERAL EXPENSES 14,924. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,217. SUBCONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 100,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt050000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt026250
IRS990/TempOrPermanentEndowmentsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2016Detailed filing. Detailed filing data is available for this year.$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