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Co-Nexus INC EIN 04-3446374 Form 990 (PDF) Claim this org

Co-Nexus INC

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Provides facility management services for adults with special needs. For fiscal year 2025 it reported $105K in revenue, $87K in expenses, and $-211K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Woburn, MA
Filings
6 on file (2020–2025)
Revenue
$105KFY2025
Expenses
$87K
Net assets
$-211K
People
12
Filings
6
Updates
0
More identity details & actions ⌄
EIN  04-3446374 Public charity (501(c)(3)) Woburn, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides facility management services for adults with special needs.
Leadership
Jerrold Katz · Director
Money in and out
$105K revenue, $87K expenses
Bottom line
82% program efficiency
Where the money goes · FY2025
Total revenue
$105K
Pt VIII · Ln 12
Total expenses
$87K
Pt IX · Ln 25
Net assets
$-211K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs▼ -0.7% vs prior filing year
Operating runway
3.1mo
months of highly liquid reserves at operating expense rate▲ +41% vs prior filing year
Surplus margin
+17%
revenue over expenses, this year▲ +55% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$105K
FY2025+0.05%
Expenses
$87K
FY2025▼ -7%
Total assets
$383K
FY2025▼ -3%
Total liabilities
$594K
FY2025▼ -5%
Total revenue
$105K
Pt VIII · Ln 12
Total expenses
$87K
Pt IX · Ln 25
Net assets
$-211K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$383K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $72K of program spending, described in the organization's own filed words · FY2024.
01

Operations of facilities for qualified special needs individuals.

$72Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCo-Nexus INC
EINHdr · item D04-3446374
Principal addressHdr · item CWoburn, MA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFApr 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Jerrold Katz
Director
$0Pt VII · Sec A
David Nihill
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Heffron
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Joseph Quinn
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue100%$105K
Investment income$13
Total revenueLn 12$105K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$72K
Management & general18%$16K
Total functional expensesLn 25$87K

Balance Sheet

Part X · end of year
CashLn 1$23K
Total assetsLn 16$383K
Total liabilitiesLn 26$594K
Total net assetsLn 32$-211K
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $23K · Operating expenses/yr $87K
3.1 months
Where the money goes
Program services
Program services $72K · Total expenses $87K
82%
Management & General
Management & general $16K · Total expenses $87K
18%
Fundraising
Fundraising $0 · Total expenses $87K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $105K
0%
Government reliance
Government grants — · Total revenue $105K
—
Earned-income share
Program service revenue $105K · Total revenue $105K
100%
Investment reliance
Investment income $13 · Total revenue $105K
+0.01%
Program self-sufficiency
Program service revenue $105K · Total expenses $87K
120%
Growth & trend
Revenue growth (YoY)
This year $105K · Prior year $105K
+0.05%
Revenue CAGR
FY2019 $92K · FY2024 $105K
+3%
Net-asset trend (YoY)
End of year $-211K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $105K · Expenses $87K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $383K
—
Net-asset ratio
Net assets $-211K · Total assets $383K
-55%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $383K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jerrold Katz · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $87K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $87K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%——
Overhead ratio 18%——
Revenue growth 0.05%——
Accounting fee ratio 8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Families Creating Communities for Adults with Special Needs INCPA
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Community Resource Center for the Developmentally Disabled INCNY
Independent Living AllianceMI
Dutchess Community Living Corporati onNY
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$105K revenue · viewing · ⤓ 990 PDF
FY2024$105K revenue · ⤓ 990 PDF
FY2023$96K revenue · ⤓ 990 PDF
FY2022$97K revenue · ⤓ 990 PDF
FY2021$94K revenue · ⤓ 990 PDF
FY2020$92K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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