Civic Intelligence

Transition Projects Inc.

990 • Fiscal year 2014 • EIN 93-0591582

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 12, 2015

Organization ProfileWWW.TPROJECTS.ORG

View Organization Page

665 NW Hoyt Street97209

(503) 280-4700

Siviq Scores

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

Liabilities / Assets

35th percentile

0.08x

Higher debt load relative to assets than 35% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

26th percentile

0.07x

Higher debt load relative to revenue than 26% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

65th percentile

8.2%

Higher net margin than 65% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

56th percentile

$129,566

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

79th percentile

15%

Faster asset growth than 79% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$6,628,538

Up $876,374 (+15%) from 2013

Net Assets

Up

$6,100,716

Up $711,386 (+13%) from 2013

Liabilities

Up

$527,822

Up $164,988 (+45%) from 2013

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin65th percentile

Revenue

$7,685,412

No earlier filing loaded for comparison.

Expenses

Up

$7,057,240

Up $961,265 (+16%) from 2013

Net Income

$628,172

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $4,044,197Liabilities 2010: $348,260Net Assets 2010: $3,695,9372010Assets 2011: $4,604,836Liabilities 2011: $413,074Net Assets 2011: $4,191,7622011Assets 2012: $5,172,501Liabilities 2012: $412,884Net Assets 2012: $4,759,6172012Assets 2013: $5,752,164Liabilities 2013: $362,834Net Assets 2013: $5,389,3302013Assets 2014: $6,628,538Liabilities 2014: $527,822Net Assets 2014: $6,100,7162014Assets 2015: $7,047,914Liabilities 2015: $771,862Net Assets 2015: $6,276,0522015Assets 2016: $7,489,044Liabilities 2016: $898,975Net Assets 2016: $6,590,0692016Assets 2017: $9,328,198Liabilities 2017: $1,890,658Net Assets 2017: $7,437,5402017Assets 2018: $10,205,720Liabilities 2018: $1,763,917Net Assets 2018: $8,441,8032018Assets 2019: $10,352,382Liabilities 2019: $1,583,830Net Assets 2019: $8,768,5522019Assets 2020: $15,962,263Liabilities 2020: $6,089,795Net Assets 2020: $9,872,4682020Assets 2021: $13,505,803Liabilities 2021: $3,587,547Net Assets 2021: $9,918,2562021Assets 2022: $12,685,121Liabilities 2022: $3,115,216Net Assets 2022: $9,569,9052022Assets 2023: $14,982,072Liabilities 2023: $6,299,719Net Assets 2023: $8,682,3532023

Highlighted filing

2014

Assets$6,628,538
Liabilities$527,822
Net Assets$6,100,716
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $5,206,2852010Expenses 2011: $5,043,6342011Expenses 2012: $5,458,7352012Expenses 2013: $6,095,9752013Revenue 2014: $7,685,412Expenses 2014: $7,057,240Net Income 2014: $628,1722014Revenue 2015: $9,487,581Expenses 2015: $9,310,907Net Income 2015: $176,6742015Revenue 2016: $12,636,934Expenses 2016: $12,303,356Net Income 2016: $333,5782016Revenue 2017: $17,275,312Expenses 2017: $16,492,290Net Income 2017: $783,0222017Revenue 2018: $19,657,275Expenses 2018: $18,703,974Net Income 2018: $953,3012018Revenue 2019: $21,144,913Expenses 2019: $20,687,183Net Income 2019: $457,7302019Revenue 2020: $23,932,693Expenses 2020: $24,509,179Net Income 2020: -$576,4862020Revenue 2021: $31,201,097Expenses 2021: $31,331,851Net Income 2021: -$130,7542021Revenue 2022: $30,379,719Expenses 2022: $30,696,457Net Income 2022: -$316,7382022Revenue 2023: $31,819,901Expenses 2023: $32,565,921Net Income 2023: -$746,0202023

Highlighted filing

2014

Revenue$7,685,412
Expenses$7,057,240
Net Income$628,172
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 12, 2015
Return Version
2013v4.0
Gross Receipts
$7,685,412
Mission and Program Overview

Mission

Transition projects helps people move from homelessness to housing through a variety of programs that include shelter, supportive housing, outreach, and a day center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,301,855$2,586,913▲ $285,058
Cash and Non-Interest-Bearing Accounts$1,378,641$1,540,694▲ $162,053
Pledges and Grants Receivable$553,580$911,468▲ $357,888
Savings and Temporary Cash Investments$583,224$585,793▲ $2,569
Land, Buildings, and Equipment, Net$281,782$256,363▼ $25,419
Prepaid Expenses and Deferred Charges$121,988$155,251▲ $33,263
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,752,164$6,628,538▲ $876,374
Other Assets Total$531,094$592,056▲ $60,962
Liabilities
Accounts Payable and Accrued Expenses$273,986$442,536▲ $168,550
Mortgage Notes Payable Secured by Investment Property$88,848$85,286▼ $3,562
Total Liabilities$362,834$527,822▲ $164,988
Net Assets / Fund Balance
Unrestricted Net Assets$4,748,375$5,389,113▲ $640,738
Permanently Rstr Net Assets$443,640$443,640→ $0
Temporarily Rstr Net Assets$197,315$267,963▲ $70,648
Total Net Assets Fund Balance$5,389,330$6,100,716▲ $711,386
Total Liabilities and Net Assets / Fund Balance$5,752,164$6,628,538▲ $876,374

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$122,057$624,807$746,864
Equipment$59,089$53,821$112,910
Leasehold Improvements$60,217$45,956$106,173
Land$15,000-$15,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$531,094-▲ $83,214$22,252$592,056
2012$493,173-▲ $48,721$10,800$531,094
2011$512,979-▼ $19,806-$493,173
2010$438,127-▲ $74,852-$512,979
2009$406,170$9,719▲ $22,238-$438,127
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Doreen BinderExecutive DirecFT$115,793$13,773$129,566
Mona SmithFiscal DirectorFT$60,067$9,956$70,023

Board Members and Trustees

NameTitle
Cliff MadisonChairperson
Alan ShoebridgeVice Chair
Christopher LundbergBoard Member
Deanna D FladstolBoard Member
Dorian YeeBoard Member
Elisabeth LyonBoard Member
Je Bud ClarkBoard Member
Kari StanleyBoard Member
Malisa MccreedyBoard Member
Marc HillmanBoard Member
Michael McgarryBoard Member
Michael ReeseBoard Member
Peter CogswellBoard Member
Gloria PittelSec/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,341,312
Program Service Revenue
$270,979
Investment Income
$23,395
Other Revenue
$49,726
All Other Contributions
$745,883
Change in Net Assets
$628,172

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory138$127,400Fair Market Value (FMV)
Clothing and Household Goods-$117,916Fair Market Value (FMV)
Drugs and Medical Supplies27$2,095Fair Market Value (FMV)
Total Noncash Contributions165$247,411-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,685,412
Revenue Not Reported on Form 990
$481,452
Total Revenue per Audited Statements
$8,166,864
Total Revenue per Form 990
$7,685,412
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,616,179
Other Expenses$3,441,061
Total Fundraising Expense$173,617
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,380,287$298,834$85,603$2,764,724
Fees for Services Other$714,795$117,228$14,155$846,178
Occupancy$477,742$27,594-$505,336
Other Employee Benefits$278,113$33,042$11,307$322,462
Payroll Taxes$266,005$26,059$7,769$299,833
Current Officers, Directors, Trustees, and Key Employees$171,871$21,440$6,277$199,588
Other Expenses$101,205$1,857$18,806$120,011
All Other Expenses$70,631$26,602$3,989$101,222
Office Expenses$49,374$17,215$2,308$68,897
Depreciation Depletion$37,779$11,763-$49,542
Insurance$28,846$3,202$840$32,888
Pension Plan Contributions$25,505$3,030$1,037$29,572
Travel$21,152$115$50$21,317
Interest$7,851--$7,851
Total Functional Expenses$6,295,642$587,981$173,617$7,057,240

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,455,478
Expenses per Audited Statements$7,057,240
Total Expenses per Form 990$7,057,240
Expenses Not Reported on Form 990$398,238
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
Insider Transactions and Loans

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
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
Yes
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, Line 11B: Form 990 Review Process

“A draft of the form 990 was reviewed by the finance committee prior to submission.”

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

“Board reviews potential conflict of interest issues on an annual basis.”

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

“Salary review was conducted by the board. Affected individuals recused themselves and a motion for compensation was offered.”

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

“Reasonable requests for financial statements and governing documents are accommodated upon request at the offices of transition projects, inc.”

Filing and Contact Details

Filer

EIN
93-0591582
Phone
5032804700

Signing Officer

Name
Doreen Binder
Title
Executive Direc
Signed
2015-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doreen Binder
Formed
1970
Legal Domicile
Or
Voting Board Members
14
Independent Board Members
14
Employees
186
Volunteers
750

Preparer

Preparer
Richard V Proulx CPA
Phone
5032223338
Supplemental Narrative

Additional Explanations

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

“Other program services 4: barbara maher building - the barbara maher building provides 32 units of permanent housing to low-income women in recovery from homelessness and alcoholism or other drug addiction. The facility offers single room occupancy units, a community kitchen, and other shared facilities for women who are re-establishing their lives. Subsidies are provided, proportionate to need, through the housing authority of portland's section 8 program. Other program services 5: clark center annex - the clark center annex provides 22 units of permanent supportive housing to formerly homeless men. The program offers connections to supportive services, including case management, mental health and living skills.”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“To maintain the fund through perpetuity while maintaining reasonable safety and return that will allow the agency to utilize the fund for present and future needs.”

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