Civic Intelligence

Louison Properties Inc.

990 • Fiscal year 2023 • EIN 83-2396541

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 12, 2024

Organization ProfileWWW.LOUISONHOUSE.ORG
395 Old Columbia StreetAdams, MA 01220

(413) 663-6323

Siviq Scores

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

Liabilities / Assets

89th percentile

0.70x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

3.91x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

52nd percentile

5.3%

Faster asset growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

100th percentile

4376%

Faster revenue growth than 100% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$3,082,045

Up $155,626 (+5.3%) from 2022

Net Assets

Up

$938,705

Up $488,204 (+108%) from 2022

Liabilities

Down

$2,143,340

Down $332,578 (-13%) from 2022

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin97th percentile

Revenue

Up

$548,217

Up $535,968 (+4376%) from 2022

Expenses

Up

$69,452

Up $5,183 (+8.1%) from 2022

Net Income

Up

$478,765

Up $530,785 (+1020%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2020: $1,193,757Liabilities 2020: $1,240,683Net Assets 2020: -$46,9262020Assets 2021: $1,684,627Liabilities 2021: $1,764,887Net Assets 2021: -$80,2602021Assets 2022: $2,926,419Liabilities 2022: $2,475,918Net Assets 2022: $450,5012022Assets 2023: $3,082,045Liabilities 2023: $2,143,340Net Assets 2023: $938,7052023Assets 2024: $3,519,955Liabilities 2024: $2,424,719Net Assets 2024: $1,095,2362024

Highlighted filing

2023

Assets$3,082,045
Liabilities$2,143,340
Net Assets$938,705
Open 2023 Filing

Operations Trend

Revenue Growth100th percentile

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

$600K$400K$200K$0-$200KRevenue 2020: $84Expenses 2020: $15,988Net Income 2020: -$15,9042020Revenue 2021: $27Expenses 2021: $33,361Net Income 2021: -$33,3342021Revenue 2022: $12,249Expenses 2022: $64,269Net Income 2022: -$52,0202022Revenue 2023: $548,217Expenses 2023: $69,452Net Income 2023: $478,7652023Revenue 2024: $228,317Expenses 2024: $71,786Net Income 2024: $156,5312024

Highlighted filing

2023

Revenue$548,217
Expenses$69,452
Net Income$478,765
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 12, 2024
Return Version
2022v5.0
Gross Receipts
$548,217
Mission and Program Overview

Mission

The corporation is organized for charitable purposes and the corporation shall engage in holding real and personal property to prevent homelessness, promote independent living and to support louison house, inc., and to engage in such other activities as may appropriate and consistent with the corporation's status as an organization described in section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal tax code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,419,386$2,831,644▲ $412,258
Cash and Non-Interest-Bearing Accounts$507,033$208,544▼ $298,489
Accounts Receivable-$41,857-
Total Assets$2,926,419$3,082,045▲ $155,626
Liabilities
Unsecured Notes Loans Payable$1,974,930$2,143,340▲ $168,410
Deferred Revenue$500,484--
Accounts Payable and Accrued Expenses$504--
Total Liabilities$2,475,918$2,143,340▼ $332,578
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$450,501$699,281▲ $248,780
Net Assets With Donor Restrictions-$239,424-
Total Net Assets Fund Balance$450,501$938,705▲ $488,204
Total Liabilities and Net Assets / Fund Balance$2,926,419$3,082,045▲ $155,626

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,737,244$346,631$3,083,875
Land$94,400-$94,400
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Makayla Courtney McgeeneyPresident
Annie RodgersDirector
James SulzmanDirector
Mike CutlerDirector
Susan PuddesterSecretary/ C
Jenna DayTreasurer
Susan YatesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$546,341
Investment Income
$1,876
Other Revenue
$0
Change in Net Assets
$478,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$69,452
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$34,411$34,411-$68,822
Other Expenses$630--$630
Total Functional Expenses$35,041$34,411$0$69,452
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 will be reviewed by the treasurer and executive director prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“A copy of the policy will be given to all board memebers, staff members, and volunteeers upon commencement of such persons relationship with the organization. All shall sign and date the policy on an annual basis.”

Form 990, Page 6, Part VI, Line 15A

“The executive director salary is reviewed and approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements are made available to the public upon request. Financial statements are also avilable on the website of the massachusetts attorney general.”

Filing and Contact Details

Filer

Filer Name
Louison Properties Inc
EIN
83-2396541
Phone
4136636323
Address
395 OLD COLUMBIA STREET, ADAMS, MA 01220

Signing Officer

Name
Kathy Keeser
Title
Executive Director
Phone
4136636323
Signed
2024-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Makayla Courtney Mcgeeney
Formed
2018
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Smith Watson & Company Llp
Address
7 NORTH ST SUITE 205, PITTSFIELD, MA 01201
Preparer
Bryon M Sherman CPA
Phone
4134649940
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation is organized for charitable purposes and the corporation shall engage in holding real and personal property to prevent homelessness, promote independent living and to support louison house, inc., and to engage in such other activities as may appropriate and consistent with the corporation's status as an organization described in section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal tax code.”

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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/ExplanationTxt0THE CORPORATION IS ORGANIZED FOR CHARITABLE PURPOSES AND THE CORPORATION SHALL ENGAGE IN HOLDING REAL AND PERSONAL PROPERTY TO PREVENT HOMELESSNESS, PROMOTE INDEPENDENT LIVING AND TO SUPPORT LOUISON HOUSE, INC., AND TO ENGAGE IN SUCH OTHER ACTIVITIES AS MAY APPROPRIATE AND CONSISTENT WITH THE CORPORATION'S STATUS AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 WILL BE REVIEWED BY THE TREASURER AND EXECUTIVE DIRECTOR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE POLICY WILL BE GIVEN TO ALL BOARD MEMEBERS, STAFF MEMBERS, AND VOLUNTEEERS UPON COMMENCEMENT OF SUCH PERSONS RELATIONSHIP WITH THE ORGANIZATION. ALL SHALL SIGN AND DATE THE POLICY ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR SALARY IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO AVILABLE ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHY KEESER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04136636323
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOUISON PROPERTIES INC
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ReturnHeader/Filer/EIN0832396541
ReturnHeader/Filer/PhoneNum04136636323
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042530803
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH WATSON & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 NORTH ST SUITE 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
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ReturnHeader/PreparerPersonGrp/PhoneNum04134649940
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRYON M SHERMAN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-08-13T11:35:52-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-10-01
ReturnHeader/TaxPeriodEndDt02023-09-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,082,045
Liabilities
$2,143,340
Net assets
$938,705
Revenue
$548,217
Expenses
$69,452
Net income
$478,765
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.52$2.42$1.10$0.23$0.07$0.16
2023Detailed filing. Detailed filing data is available for this year.$3.08$2.14$0.94$0.55$0.07$0.48
2022Detailed filing. Detailed filing data is available for this year.$2.93$2.48$0.45$0.01$0.06$0.05
2021Summary only. Only limited summary data is available for this year.$1.68$1.76$0.08$0.00$0.03$0.03
2020Summary only. Only limited summary data is available for this year.$1.19$1.24$0.05$0.00$0.02$0.02