Civic Intelligence

Connecticut Institute for Communities Inc.

990 • Fiscal year 2016 • EIN 91-2187143

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 27, 2017

120 Main Street 4th FloorDanbury, CT 06810

(203) 743-9760

Siviq Scores

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

Liabilities / Assets

76th percentile

0.58x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.51x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

33rd percentile

-0.8%

Higher net margin than 33% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

68th percentile

$234,777

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

71st percentile

8.0%

Faster asset growth than 71% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

25th percentile

-6.8%

Faster revenue growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$16,373,362

Up $1,216,106 (+8.0%) from 2015

Net Assets

Down

$6,840,718

Down $148,625 (-2.1%) from 2015

Liabilities

Up

$9,532,644

Up $1,364,731 (+17%) from 2015

Revenue

Down

$18,634,078

Down $1,361,540 (-6.8%) from 2015

Expenses

Up

$18,782,703

Up $5,147,470 (+38%) from 2015

Net Income

Down

-$148,625

Down $6,509,010 (-102%) from 2015

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0-$10MAssets 2010: $950,664Liabilities 2010: $556,169Net Assets 2010: $394,4952010Assets 2011: $1,324,702Liabilities 2011: $695,060Net Assets 2011: $629,6422011Assets 2012: $1,404,421Liabilities 2012: $1,191,955Net Assets 2012: $212,4662012Assets 2013: $1,448,333Liabilities 2013: $1,511,561Net Assets 2013: -$63,2282013Assets 2014: $2,554,496Liabilities 2014: $1,925,538Net Assets 2014: $628,9582014Assets 2015: $15,157,256Liabilities 2015: $8,167,913Net Assets 2015: $6,989,3432015Assets 2016: $16,373,362Liabilities 2016: $9,532,644Net Assets 2016: $6,840,7182016Assets 2017: $17,538,203Liabilities 2017: $10,906,679Net Assets 2017: $6,631,5242017Assets 2018: $18,618,324Liabilities 2018: $10,225,980Net Assets 2018: $8,392,3442018Assets 2019: $18,065,326Liabilities 2019: $9,043,483Net Assets 2019: $9,021,8432019Assets 2020: $20,484,346Liabilities 2020: $9,177,097Net Assets 2020: $11,307,2492020Assets 2021: $23,773,882Liabilities 2021: $8,836,182Net Assets 2021: $14,937,7002021Assets 2022: $34,087,197Liabilities 2022: $12,965,571Net Assets 2022: $21,121,6262022Assets 2023: $34,564,384Liabilities 2023: $13,074,642Net Assets 2023: $21,489,7422023Assets 2024: $30,184,518Liabilities 2024: $12,112,216Net Assets 2024: $18,072,3022024

Highlighted filing

2016

Assets$16,373,362
Liabilities$9,532,644
Net Assets$6,840,718

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $5,942,1292010Expenses 2011: $7,316,2252011Expenses 2012: $7,936,1292012Revenue 2013: $8,901,357Expenses 2013: $9,177,051Net Income 2013: -$275,6942013Revenue 2014: $11,644,475Expenses 2014: $10,952,288Net Income 2014: $692,1872014Revenue 2015: $19,995,618Expenses 2015: $13,635,233Net Income 2015: $6,360,3852015Revenue 2016: $18,634,078Expenses 2016: $18,782,703Net Income 2016: -$148,6252016Revenue 2017: $22,155,408Expenses 2017: $20,881,310Net Income 2017: $1,274,0982017Revenue 2018: $24,987,964Expenses 2018: $23,327,142Net Income 2018: $1,660,8222018Revenue 2019: $28,842,512Expenses 2019: $28,213,012Net Income 2019: $629,5002019Revenue 2020: $31,823,972Expenses 2020: $29,538,566Net Income 2020: $2,285,4062020Revenue 2021: $36,794,150Expenses 2021: $33,163,705Net Income 2021: $3,630,4452021Revenue 2022: $44,035,363Expenses 2022: $37,851,438Net Income 2022: $6,183,9252022Revenue 2023: $41,931,237Expenses 2023: $41,563,121Net Income 2023: $368,1162023Revenue 2024: $41,390,324Expenses 2024: $42,432,090Net Income 2024: -$1,041,7662024

Highlighted filing

2016

Revenue$18,634,078
Expenses$18,782,703
Net Income-$148,625
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 27, 2017
Return Version
2016v3.0
Gross Receipts
$18,654,191
Mission and Program Overview

Mission

A community development corporation serving the communities and low-income residents of western connecticut.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,671,930$9,671,930→ $0
Accounts Receivable$520,046$1,756,636▲ $1,236,590
Land, Buildings, and Equipment, Net$435,348$916,709▲ $481,361
Cash and Non-Interest-Bearing Accounts$1,145,836$704,411▼ $441,425
Pledges and Grants Receivable$407,661$211,347▼ $196,314
Prepaid Expenses and Deferred Charges$102,759$54,260▼ $48,499
Inventories for Sale or Use$31,875$37,772▲ $5,897
Savings and Temporary Cash Investments$7,621$7,649▲ $28
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$15,157,256$16,373,362▲ $1,216,106
Other Assets Total$2,834,180$3,012,648▲ $178,468
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,504,132$6,953,534▲ $449,402
Accounts Payable and Accrued Expenses$1,364,507$2,206,840▲ $842,333
Deferred Revenue$299,274$372,270▲ $72,996
Total Liabilities$8,167,913$9,532,644▲ $1,364,731
Net Assets / Fund Balance
Unrestricted Net Assets$6,536,882$6,620,024▲ $83,142
Temporarily Rstr Net Assets$452,461$220,694▼ $231,767
Total Net Assets Fund Balance$6,989,343$6,840,718▼ $148,625
Total Liabilities and Net Assets / Fund Balance$15,157,256$16,373,362▲ $1,216,106

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$916,709$609,158$1,525,867
Other Assets Org$18,863--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
J H MaloneyPresident & CEOFT$181,737$53,040$234,777
Asha MarhattaPhysicianFT$221,614$10,706$232,320
Youness YavariPhysicianFT$202,511$9,867$212,378
Amy E HandlerPhysicianFT$171,943$21,477$193,420
Kathleen MauksPhysicianFT$160,796$7,544$168,340
Nirmalamma MagaviPhysicianFT$151,499$8,973$160,472
Katherine CurranAst. Sec. & COOFT$117,082$6,553$123,635
Holly DaniseAsst. SecretaryFT$76,566$13,930$90,496
Kathleen SeniorDirector-$9,567$8,728$18,295

Board Members and Trustees

NameTitle
Dr Francis J Muska PhdBoard Chair
Richard MolinaroVice Chair/Director
Jeffrey ZakrzewskiAsst Treas/Director
Ellen Bell EsqCorp Secret/Director
Alan Clavette CPADirector
Angel SaquinaulaDirector
Elizabeth CurilloDirector
Eric L Gottschalk JdDirector
Eva DuranDirector
Hileny GuridyDirector
Luz Angela ParraDirector
Mahalingam Satchi MdDirector
Charles Mullaney EsqTreasurer/Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Verdi Construction Company LLCconstruction16 Taylor Ave, Bethel, CT 06801$6,956,113
Quensenberry Arcari ArchitectsArchitect/Engineerin318 Main Street, Farmington, CT 06032$102,100
Revenue and Support

Revenue Composition

Contributions and Grants
$11,052,501
Program Service Revenue
$7,427,426
Investment Income
$141,772
Other Revenue
$12,379
All Other Contributions
$943,646
Change in Net Assets
$-148,625

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
Drugs and Medical Supplies12$344,953cost
Total Noncash Contributions12$344,953-

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,634,078
Revenue Not Reported on Form 990
$633,970
Total Revenue per Audited Statements
$19,268,048
Total Revenue per Form 990
$18,634,078
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,656,761
Other Expenses$5,125,942
Total Fundraising Expense$64,783
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,812,831$1,172,817$54,144$11,039,792
Occupancy$890,851$94,787-$985,638
Other Employee Benefits$755,333$147,230$5,418$907,981
Payroll Taxes$744,321$118,765$4,142$867,228
All Other Expenses$572,538$7,384-$579,922
Pension Plan Contributions$412,871$52,425$1,079$466,375
Current Officers, Directors, Trustees, and Key Employees-$375,385-$375,385
Interest$28,592$328,249-$356,841
Other Expenses$350,027$2,237-$352,264
Office Expenses$316,491$3,578-$320,069
Information Technology$225,760$26,473-$252,233
Insurance$190,798$1,040-$191,838
Depreciation Depletion$138,156$16,622-$154,778
Fees for Services Lobbying$40,054$26,731-$66,785
Fees for Services Legal$35,159$63-$35,222
Fees for Services Accounting$29,400$600-$30,000
Travel$21,289$64-$21,353
Advertising$4,187$6,592-$10,779
Conferences and Meetings$5,069$579-$5,648
Total Functional Expenses$16,336,299$2,381,621$64,783$18,782,703

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$19,509,657
Expenses per Audited Statements$18,782,703
Total Expenses per Form 990$18,782,703
Expenses Not Reported on Form 990$726,954
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$20,113
Fundraising Gross Income$3,475
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Community Reception$15,415-$1,870-
Gala Dinner$10,275$3,475$1,030$2,445
Total Events$33,440$3,475$20,113$-16,638
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Anna Maloneyfamily membeemploymentNo$18,249

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 was reviewed by members of the board of directors.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annually the organization requires formal updates of information on conflicts of interest disclosures. Officers, directors and key employees have been informed to notify the board of directors immediately of any changes during the year that may arise regarding potential conflicts of interest.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

A comparability analysis was conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Applicable documents are available upon written request to connecticut institute for communities and are made available based on current regulations.

Filing and Contact Details

Filer

Filer Name
Connecticut Institute for Communities
EIN
91-2187143
Phone
2037439760
Address
120 MAIN STREET 4TH FLOOR, DANBURY, CT 06810

Signing Officer

Name
James H Maloney
Title
President & CEO
Signed
2017-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J H Maloney
Formed
2003
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
13
Employees
313
Volunteers
30

Preparer

Firm
Maletta & Company
Address
43 Enterprise Drive, Bristol, CT 06010-7457
Preparer
Michael a Maletta CPA
Phone
8605826715
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: nutrition services - child nutrition program for all head start and school readiness program enrollees. Other program services 5: managing agent of the beaver street apartments cooperative, inc. - low-income family housing. Other program services 6: housing and community facility development projects.

Financial Statement Notes

Part X : FIN48 Footnote

CIFC is a nonprofit corporation exempt from federal income tax under provisions of the Internal Revenue Service Code, Section 501(c)(3).CIFC regularly reviews and evaluates its tax positions taken or expected to be taken for a tax return. CIFC believes that no tax benefits or liabilities are required to be recognized for open tax years 2012 through 2015.CIFC did not have any unrelated business income. In addition, CIFC qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2).

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Direct Fundraising Costs $20113 CIFC 120 Main Holding Corp Revenue $821

Part XII, Line 2D: Other expenses and losses per audited F/S

CIFC 54 WEST HOLDING CORP EXPENSES $13275 CIFC 120 MAIN HOLDING CORP EXPENSES $80530 CIFC 37 FOSTER HOLDING CORP EXPENSE $0 Direct Fundraising Costs $20113

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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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IRS990/Form990PartVIISectionAGrp/PersonNm6LUZ ANGELA PARRA
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IRS990/Form990PartVIISectionAGrp/PersonNm17Youness Yavari
IRS990/Form990PartVIISectionAGrp/PersonNm18Nirmalamma Magavi
IRS990/Form990PartVIISectionAGrp/PersonNm19KATHLEEN MAUKS
IRS990/Form990PartVIISectionAGrp/PersonNm20AMY E HANDLER
IRS990/Form990PartVIISectionAGrp/PersonNm21ASHA MARHATTA
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASST TREAS/DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER/DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE CHAIR/DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CORP SECRET/DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt15AST. SEC. & COO
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt18PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt19PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt20PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt21PHYSICIAN
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IRS990/Form990TFiledInd0false
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
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IRS990/FundraisingGrossIncomeAmt03475
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0A COMMUNITY DEVELOPMENT CORPORATION SERVING THE COMMUNITIES AND LOW-INCOME RESIDENTS OF WESTERN CONNECTICUT.
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt02834180
IRS990/OtherAssetsTotalGrp/EOYAmt03012648
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05418
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0147230
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0755333
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0907981
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc1MEDICAL & DENTAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.2$12.1$18.1$41.4$42.4$1.04
2023Detailed filing. Detailed filing data is available for this year.$34.6$13.1$21.5$41.9$41.6$0.37
2022Detailed filing. Detailed filing data is available for this year.$34.1$13.0$21.1$44.0$37.9$6.18
2021Detailed filing. Detailed filing data is available for this year.$23.8$8.84$14.9$36.8$33.2$3.63
2020Detailed filing. Detailed filing data is available for this year.$20.5$9.18$11.3$31.8$29.5$2.29
2019Detailed filing. Detailed filing data is available for this year.$18.1$9.04$9.02$28.8$28.2$0.63
2018Detailed filing. Detailed filing data is available for this year.$18.6$10.2$8.39$25.0$23.3$1.66
2017Detailed filing. Detailed filing data is available for this year.$17.5$10.9$6.63$22.2$20.9$1.27
2016Detailed filing. Detailed filing data is available for this year.$16.4$9.53$6.84$18.6$18.8$0.15
2015Detailed filing. Detailed filing data is available for this year.$15.2$8.17$6.99$20.0$13.6$6.36
2014Detailed filing. Detailed filing data is available for this year.$2.55$1.93$0.63$11.6$11.0$0.69
2013Detailed filing. Detailed filing data is available for this year.$1.45$1.51$0.06$8.90$9.18$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$1.19$0.21$7.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.70$0.63$7.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.56$0.39$5.94