Civic Intelligence

The Primavera Foundation Inc.

990 • Fiscal year 2015 • EIN 86-0733182

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 28, 2016

151 W 40th StreetTucson, AZ 85713

(520) 882-5383

Siviq Scores

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

Liabilities / Assets

47th percentile

0.21x

Higher debt load relative to assets than 47% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

54th percentile

0.29x

Higher debt load relative to revenue than 54% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

56th percentile

4.6%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

31st percentile

$124,924

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

16th percentile

-6.1%

Faster asset growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

18th percentile

-13%

Faster revenue growth than 18% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$11,906,031

Down $767,808 (-6.1%) from 2014

Net Assets

Up

$9,433,287

Up $306,960 (+3.4%) from 2014

Liabilities

Down

$2,472,744

Down $1,074,768 (-30%) from 2014

Revenue

Down

$8,627,110

Down $1,301,671 (-13%) from 2014

Expenses

Down

$8,227,775

Down $1,366,187 (-14%) from 2014

Net Income

Up

$399,335

Up $64,516 (+19%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $9,108,058Liabilities 2011: $1,281,166Net Assets 2011: $7,826,8922011Assets 2012: $9,735,679Liabilities 2012: $1,238,128Net Assets 2012: $8,497,5512012Assets 2013: $12,738,785Liabilities 2013: $4,194,349Net Assets 2013: $8,544,4362013Assets 2014: $12,673,839Liabilities 2014: $3,547,512Net Assets 2014: $9,126,3272014Assets 2015: $11,906,031Liabilities 2015: $2,472,744Net Assets 2015: $9,433,2872015Assets 2016: $11,395,039Liabilities 2016: $2,016,042Net Assets 2016: $9,378,9972016Assets 2017: $12,141,734Liabilities 2017: $2,117,227Net Assets 2017: $10,024,5072017Assets 2018: $12,504,553Liabilities 2018: $2,299,810Net Assets 2018: $10,204,7432018Assets 2019: $12,118,291Liabilities 2019: $1,946,778Net Assets 2019: $10,171,5132019Assets 2020: $15,474,972Liabilities 2020: $3,357,612Net Assets 2020: $12,117,3602020Assets 2021: $16,781,565Liabilities 2021: $3,281,092Net Assets 2021: $13,500,4732021Assets 2022: $17,866,419Liabilities 2022: $2,218,071Net Assets 2022: $15,648,3482022Assets 2023: $17,577,888Liabilities 2023: $2,433,156Net Assets 2023: $15,144,7322023Assets 2024: $21,386,532Liabilities 2024: $1,873,456Net Assets 2024: $19,513,0762024

Highlighted filing

2015

Assets$11,906,031
Liabilities$2,472,744
Net Assets$9,433,287

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,224,400Expenses 2011: $6,192,321Net Income 2011: $32,0792011Revenue 2012: $6,982,915Expenses 2012: $6,359,330Net Income 2012: $623,5852012Expenses 2013: $7,327,8362013Revenue 2014: $9,928,781Expenses 2014: $9,593,962Net Income 2014: $334,8192014Revenue 2015: $8,627,110Expenses 2015: $8,227,775Net Income 2015: $399,3352015Revenue 2016: $8,272,835Expenses 2016: $8,327,856Net Income 2016: -$55,0212016Revenue 2017: $8,004,251Expenses 2017: $7,497,990Net Income 2017: $506,2612017Revenue 2018: $8,393,361Expenses 2018: $8,283,195Net Income 2018: $110,1662018Revenue 2019: $8,078,321Expenses 2019: $8,159,474Net Income 2019: -$81,1532019Revenue 2020: $10,618,336Expenses 2020: $8,727,050Net Income 2020: $1,891,2862020Revenue 2021: $12,647,912Expenses 2021: $11,640,715Net Income 2021: $1,007,1972021Revenue 2022: $11,969,146Expenses 2022: $9,497,712Net Income 2022: $2,471,4342022Revenue 2023: $8,796,538Expenses 2023: $9,438,771Net Income 2023: -$642,2332023Revenue 2024: $14,994,316Expenses 2024: $10,854,410Net Income 2024: $4,139,9062024

Highlighted filing

2015

Revenue$8,627,110
Expenses$8,227,775
Net Income$399,335
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 28, 2016
Return Version
2014v6.0
Gross Receipts
$9,301,116
Mission and Program Overview

Mission

The Primavera Foundation provides pathways out of poverty through safe, affordable housing, workforce development and neighborhood revitalization.

The Primavera Foundation provides a continuum of emergency services, safe, affordable housing, workforce development, financial empowerment, neighborhood revitalization and community building and advocacy that impact over 8,200 individuals and families living in Southern Arizona.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,824,788$7,362,060▼ $462,728
Investments in Publicly Traded Securities$1,968,847$1,380,301▼ $588,546
Cash and Non-Interest-Bearing Accounts$760,252$1,163,778▲ $403,526
Pledges and Grants Receivable$786,158$844,400▲ $58,242
Savings and Temporary Cash Investments$189,094$569,142▲ $380,048
Prepaid Expenses and Deferred Charges$114,284$109,707▼ $4,577
Other Notes and Loans Receivable, Net$99,836$24,810▼ $75,026
Total Assets$12,673,839$11,906,031▼ $767,808
Other Assets Total$930,580$451,833▼ $478,747
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,494,658$1,741,719▼ $752,939
Accounts Payable and Accrued Expenses$689,442$515,091▼ $174,351
Deferred Revenue$317,694$172,256▼ $145,438
Other Liabilities$45,718$43,678▼ $2,040
Total Liabilities$3,547,512$2,472,744▼ $1,074,768
Net Assets / Fund Balance
Unrestricted Net Assets$7,262,006$7,690,726▲ $428,720
Permanently Rstr Net Assets$1,570,050$1,301,040▼ $269,010
Temporarily Rstr Net Assets$294,271$441,521▲ $147,250
Total Net Assets Fund Balance$9,126,327$9,433,287▲ $306,960
Total Liabilities and Net Assets / Fund Balance$12,673,839$11,906,031▼ $767,808

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,367,326$3,650,726$10,018,052
Land$904,220-$904,220
Equipment$83,144$452,516$535,660
Leasehold Improvements$0$28,525$28,525
Other Land Buildings$7,370-$7,370

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,570,050-▲ $101,470$291,203$1,380,317
2013$993,417$645,050-$68,417$1,570,050
2012$1,020,463$75,000-$102,046$993,417
2011$1,365,641$153,000-$498,178$1,020,463
2010$1,192,264$182,500-$9,123$1,365,641
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Peggy HutchisonCEOFT$124,924$124,924

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Our Family ServicesResource Specialist positions which serv2590 N Alvernon Way, Tucson, AZ 85712$876,854
Old Pueblo Community ServicesResource Specialist positions which serv4501 E 5th St 1, Tucson, AZ 85711$109,322
-Perform CFO duties141 Memorial Parkway, Randolph, MA 02368$100,313
Revenue and Support

Revenue Composition

Contributions and Grants
$6,906,660
Program Service Revenue
$1,399,036
Investment Income
$203,158
Other Revenue
$118,256
All Other Contributions
$2,804,271
Change in Net Assets
$399,335

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory1$346,000blended rate
Securities Publicly Traded3$22,352fair market value
Cars and Other Vehicles2$1,800fair market value
Total Noncash Contributions6$370,152-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,627,110
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-48,305
Total Revenue per Audited Statements
$8,578,805
Total Revenue per Form 990
$8,627,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,518,208
Salaries, Compensation, and Employee Benefits$3,709,567
Total Fundraising Expense$386,969
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,308,932$579,831$240,686$3,129,449
Fees for Services Other$814,949$320,112$4,855$1,139,916
Depreciation Depletion$389,258$61,202-$450,460
Occupancy$322,531$43,241$8,932$374,704
Other Employee Benefits$218,583$61,385$22,352$302,320
Payroll Taxes$187,550$52,670$19,179$259,399
All Other Expenses$133,581$34,715$28$168,324
Other Expenses$98,076$17,954$26,441$142,471
Travel$117,875$2,570$1,608$122,053
Interest$4,725-$32,279$37,004
Pension Plan Contributions$13,303$3,736$1,360$18,399
Total Functional Expenses$6,523,929$1,316,877$386,969$8,227,775

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,271,845
Expenses per Audited Statements$8,227,775
Total Expenses per Form 990$8,227,775
Expenses Not Reported on Form 990$44,070
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$116,387
Fundraising Direct Expenses$44,070
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Primavera Cooks!$202,258$116,387$5,754$110,633
Total Events$202,258$116,387$44,070$72,317
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$43,678
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Directors are elected by members of the Board of Directors.

Form 990, Part VI, Section B, line 11

The Chief Executive Officer emails the tax return to the full board asking them to review and approve it via email.

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

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy. Each Board member signs the conflict of interest policy when they become a board member as well as signing the policy annually. If anyone on the Board feels that they should not vote on a matter before the Board because they have a personal connection, they are expected to voice their concern. All members are fully aware of this policy. If a member sees or hears something that might be questionable, the concern is brought before the executive committee.

Form 990, Part VI, Section C, line 19

The applicable documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The Primavera Foundation Inc
EIN
86-0733182
Phone
5208825383
Address
151 W 40th Street, Tucson, AZ 85713

Signing Officer

Name
Peggy Hutchison
Title
CEO
Phone
5208825383
Signed
2016-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peggy Hutchison
Formed
1983
Legal Domicile
Az
Voting Board Members
16
Independent Board Members
16
Employees
410
Volunteers
1,628

Preparer

Firm
Keegan Linscott & Kenon PC
Address
3443 N Campbell Avenue Suite 115, Tucson, AZ 85719
Preparer
Carla J Keegan
Phone
5208840176
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Outside Services, Temp Services and Contracted Services: Program service expenses 814,949. Management and general expenses 320,112. Fundraising expenses 4,855. Total expenses 1,139,916.

Financial Statement Notes

Part V, Line 4:

Endowment funds are used to support the Organization's mission.

Part X, Line 2:

The Organization is exempt from federal and state income taxes under the Federal Internal Revenue Code ("IRC") Section 501(c)(3) and Arizona income tax laws, and is classified as other than a private foundation under IRC Section 509(a)(1). The Organization also qualifies for the charitable contribution deduction under IRC Section 170(b)(1)(a). Management has considered its tax positions in accordance with the accounting standard for uncertainty in income taxes and believes that all of the positions taken in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. In addition, Management is not aware of any matters which would cause the Organization to lose its tax-exempt status. The Organization's returns are subject to examination by federal and state taxing authorities, generally for three years and four years, respectively, after they are filed. Should the Organization ever be subject to interest and penalties related to unrecognized tax benefits, they would be classified in management and general expenses in its accompanying financial statements. During the years ended June 30, 2015 and 2014, the Organization did not recognize any interest and penalties.

Part XI, Line 2D - Other Adjustments:

Special Event Expenses 44,070.

Part XII, Line 2D - Other Adjustments:

Special Event Expenses 44,070.

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IRS990/Form990PartVIISectionAGrp/PersonNm8Leslie L Hunter
IRS990/Form990PartVIISectionAGrp/PersonNm9Genevieve Leavitt
IRS990/Form990PartVIISectionAGrp/PersonNm10Manny Mejias
IRS990/Form990PartVIISectionAGrp/PersonNm11Brooke Sanders-Silverman
IRS990/Form990PartVIISectionAGrp/PersonNm12John Schwarz
IRS990/Form990PartVIISectionAGrp/PersonNm13Joseph Scott
IRS990/Form990PartVIISectionAGrp/PersonNm14Ismael Soqui-Tapia
IRS990/Form990PartVIISectionAGrp/PersonNm15Samuel Swift
IRS990/Form990PartVIISectionAGrp/PersonNm16Peggy Hutchison
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
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IRS990/MissionDesc0The Primavera Foundation provides pathways out of poverty through safe, affordable housing, workforce development and neighborhood revitalization.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-92375
IRS990/NoncashContributionsAmt0370152
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IRS990/OccupancyGrp/TotalAmt0374704
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IRS990/OtherExpensesGrp/Desc0Direct Client Support
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IRS990/OtherExpensesGrp/Desc2Donated Meals
IRS990/OtherExpensesGrp/Desc3Materials and Supplies
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IRS990/OtherExpensesGrp/FundraisingAmt122436
IRS990/OtherExpensesGrp/FundraisingAmt226441
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IRS990/PrincipalOfficerNm0Peggy Hutchison
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IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/Desc1Other Contracts
IRS990/ProgramServiceRevenueGrp/Desc2Neighborhood Revitaliz
IRS990/ProgramServiceRevenueGrp/Desc3Client Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0537402
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1414790
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2333921
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3112923
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1414790
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2333921
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3112923
IRS990/ProgSrvcAccomActy2Grp/Desc0Workforce Development - Primavera Works, Primavera's social enterprise alternative staffing service and workforce development center provides temporary and temp-to-hire workers for residential, business, and public sector partners. Primavera Works offers skills assessment, job readiness and job skill development, job coaching, livable wages, lunches, transportation, worker supplies, financial empowerment, temporary employment, and opportunities to obtain permanent employment through partnerships with local employers. Primavera Works focuses on people with barriers to employment, such as people experiencing homelessness, formerly incarcerated people, and veterans. During fiscal year 2015, 586 individuals enrolled in Works with the following outcomes: 41% obtained employment; 66% of enrollees with a goal of permanent employment secured it; 63% of participants increased their hourly wages; and 44% of participants moved into stable housing upon program completion. In addition, 68% of Primavera Works revenues came from businesses and residential customers.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0954476
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0414790
IRS990/ProgSrvcAccomActy3Grp/Desc0Asset Management - Primavera owns 17 properties which include three office buildings, a training center, a community center, two shelters with 108 beds and 17 units, and 11 multifamily rental properties with 138 units. Valued at a little over $10.8 million, all but three properties are 100% owned without any debt service. Primavera's goals for developing and managing housing and community center properties is to ensure that people have fair access to safe, affordable housing as well as the support necessary to achieve their goals of self-sufficiency and engagement in the community. The majority of tenants living in Pirmavera's shelters and rental housing programs fall into the 50% Area Median Income bracket or below. Asset Management is responsible for the management and maintenance of all rental, office, and community center properties. During fiscal year 2015, Primavera carried out property improvements at the following properties: Alamo, Five Points, and Catalina rental apartment communities; the Emergency Men's Shelter; the Greyhound Family Shelter; and Primavera Works offices.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01152526
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0537402
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01605843
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0446844
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0177545
IRS990/PYOtherExpensesAmt05529923
IRS990/PYOtherRevenueAmt097602
IRS990/PYProgramServiceRevenueAmt03179172
IRS990/PYRevenuesLessExpensesAmt0334819
IRS990/PYSalariesCompEmpBnftPaidAmt04064039
IRS990/PYTotalExpensesAmt09593962
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09928781
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0399335
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.4$1.87$19.5$15.0$10.9$4.14
2023Detailed filing. Detailed filing data is available for this year.$17.6$2.43$15.1$8.80$9.44$0.64
2022Detailed filing. Detailed filing data is available for this year.$17.9$2.22$15.6$12.0$9.50$2.47
2021Detailed filing. Detailed filing data is available for this year.$16.8$3.28$13.5$12.6$11.6$1.01
2020Detailed filing. Detailed filing data is available for this year.$15.5$3.36$12.1$10.6$8.73$1.89
2019Detailed filing. Detailed filing data is available for this year.$12.1$1.95$10.2$8.08$8.16$0.08
2018Detailed filing. Detailed filing data is available for this year.$12.5$2.30$10.2$8.39$8.28$0.11
2017Detailed filing. Detailed filing data is available for this year.$12.1$2.12$10.0$8.00$7.50$0.51
2016Detailed filing. Detailed filing data is available for this year.$11.4$2.02$9.38$8.27$8.33$0.06
2015Detailed filing. Detailed filing data is available for this year.$11.9$2.47$9.43$8.63$8.23$0.40
2014Detailed filing. Detailed filing data is available for this year.$12.7$3.55$9.13$9.93$9.59$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$4.19$8.54$7.33
2012Summary only. Only limited summary data is available for this year.$9.74$1.24$8.50$6.98$6.36$0.62
2011Summary only. Only limited summary data is available for this year.$9.11$1.28$7.83$6.22$6.19$0.03
Peer Organizations

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