Civic Intelligence

MMIII Inc.

990 • Fiscal year 2013 • EIN 03-0447035

Jan 01, 2013 to Dec 31, 2013 • Filed on May 08, 2014

1580 Sawgrass Corporate ParkwayRoom/Suite 210Canton, OH 33323

(954) 835-9200

Siviq Scores

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

Liabilities / Assets

31st percentile

0.03x

Higher debt load relative to assets than 31% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

66th percentile

0.27x

Higher debt load relative to revenue than 66% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

10th percentile

-29%

Higher net margin than 10% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

93rd percentile

$238,288

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 90.1% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

29th percentile

-2.6%

Faster asset growth than 29% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Assets

Down

$2,645,841

Down $70,031 (-2.6%) from 2012

Net Assets

Down

$2,575,052

Down $75,830 (-2.9%) from 2012

Liabilities

Up

$70,789

Up $5,799 (+8.9%) from 2012

Revenue

$264,595

No earlier filing loaded for comparison.

Expenses

Up

$340,425

Up $10,408 (+3.2%) from 2012

Net Income

-$75,830

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,833,452Liabilities 2010: $67,922Net Assets 2010: $2,765,5302010Assets 2011: $2,765,216Liabilities 2011: $57,076Net Assets 2011: $2,708,1402011Assets 2012: $2,715,872Liabilities 2012: $64,990Net Assets 2012: $2,650,8822012Assets 2013: $2,645,841Liabilities 2013: $70,789Net Assets 2013: $2,575,0522013Assets 2014: $2,555,219Liabilities 2014: $113,451Net Assets 2014: $2,441,7682014Assets 2015: $2,426,617Liabilities 2015: $78,055Net Assets 2015: $2,348,5622015Assets 2016: $2,359,016Liabilities 2016: $82,772Net Assets 2016: $2,276,2442016Assets 2017: $2,275,139Liabilities 2017: $65,539Net Assets 2017: $2,209,6002017Assets 2018: $2,207,781Liabilities 2018: $80,431Net Assets 2018: $2,127,3502018Assets 2019: $2,120,334Liabilities 2019: $61,706Net Assets 2019: $2,058,6282019Assets 2020: $2,047,431Liabilities 2020: $55,647Net Assets 2020: $1,991,7842020Assets 2021: $1,973,094Liabilities 2021: $43,963Net Assets 2021: $1,929,1312021Assets 2022: $1,911,939Liabilities 2022: $52,986Net Assets 2022: $1,858,9532022Assets 2023: $1,861,892Liabilities 2023: $84,526Net Assets 2023: $1,777,3662023Assets 2024: $1,823,543Liabilities 2024: $190,994Net Assets 2024: $1,632,5492024

Highlighted filing

2013

Assets$2,645,841
Liabilities$70,789
Net Assets$2,575,052

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $305,4012010Expenses 2011: $336,5462011Expenses 2012: $330,0172012Revenue 2013: $264,595Expenses 2013: $340,425Net Income 2013: -$75,8302013Revenue 2014: $269,217Expenses 2014: $402,501Net Income 2014: -$133,2842014Revenue 2015: $278,332Expenses 2015: $372,277Net Income 2015: -$93,9452015Revenue 2016: $275,793Expenses 2016: $349,003Net Income 2016: -$73,2102016Revenue 2017: $319,591Expenses 2017: $386,696Net Income 2017: -$67,1052017Revenue 2018: $323,018Expenses 2018: $406,115Net Income 2018: -$83,0972018Revenue 2019: $269,382Expenses 2019: $340,693Net Income 2019: -$71,3112019Revenue 2020: $289,763Expenses 2020: $359,142Net Income 2020: -$69,3792020Revenue 2021: $300,285Expenses 2021: $362,938Net Income 2021: -$62,6532021Revenue 2022: $324,784Expenses 2022: $394,962Net Income 2022: -$70,1782022Revenue 2023: $324,481Expenses 2023: $406,068Net Income 2023: -$81,5872023Revenue 2024: $322,106Expenses 2024: $466,923Net Income 2024: -$144,8172024

Highlighted filing

2013

Revenue$264,595
Expenses$340,425
Net Income-$75,830
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 8, 2014
Return Version
2013v3.1
Gross Receipts
$264,595
Mission and Program Overview

Mission

Operation of low income housing for the elderly and handicapped, regulated and assisted by the department of housing and urban development (hud).

Oper. Of low income housing for the elderly and handicapped

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,512,904$2,418,609▼ $94,295
Savings and Temporary Cash Investments$185,660$197,639▲ $11,979
Cash and Non-Interest-Bearing Accounts$2,366$10,429▲ $8,063
Prepaid Expenses and Deferred Charges$3,785$4,026▲ $241
Accounts Receivable$16$2,678▲ $2,662
Total Assets$2,715,872$2,645,841▼ $70,031
Other Assets Total$11,141$12,460▲ $1,319
Liabilities
Accounts Payable and Accrued Expenses$46,843$51,856▲ $5,013
Other Liabilities$18,147$18,876▲ $729
Deferred Revenue-$57-
Total Liabilities$64,990$70,789▲ $5,799
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,084,301$3,084,301→ $0
Unrestricted Net Assets$-433,419$-509,249▼ $75,830
Total Net Assets Fund Balance$2,650,882$2,575,052▼ $75,830
Total Liabilities and Net Assets / Fund Balance$2,715,872$2,645,841▼ $70,031

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,365,182$819,116$3,184,298
Land$40,000-$40,000
Equipment$10,559$8,390$18,949
Leasehold Improvements$2,868$282$3,150
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Morton BahrPresidentPT$45,000$45,000

Board Members and Trustees

NameTitle
Hugh WalshDirector
Maxine CarterDirector
Steve ProtulisDirector
Tony FransettaDirector
Maria CordoneSecretary
Bill BurgaTreasurer
John OlsenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$261,492
Investment Income
$813
Other Revenue
$2,290
Change in Net Assets
$-75,830

Audited Revenue Reconciliation

Revenue per Audited Statements
$264,595
Total Revenue per Audited Statements
$264,595
Total Revenue per Form 990
$264,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$310,991
Salaries, Compensation, and Employee Benefits$29,434
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$105,455--$105,455
Occupancy$101,746--$101,746
Other Salaries and Wages$23,400--$23,400
Office Expenses$22,642--$22,642
Fees for Services Management$20,822--$20,822
Fees for Services Accounting$10,023$1,114-$11,137
All Other Expenses$4,980--$4,980
Other Employee Benefits$4,079--$4,079
Payroll Taxes$1,955--$1,955
Other Expenses$1,767--$1,767
Insurance$1,434$43-$1,477
Advertising$638--$638
Fees for Services Legal$243$27-$270
Total Functional Expenses$339,241$1,184$0$340,425

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$340,425
Total Expenses per Audited Statements$340,425
Total Expenses per Form 990$340,425
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Deposits Held in Trust$11,165
Misc Long Term Liabilities$7,711
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Management is provided by elderly housing development & operations corporation.

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

EIN
03-0447035
Phone
9548359200

Signing Officer

Name
Elena Ripley
Title
Controller
Phone
9548359200
Signed
2014-05-08
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
8
Independent Board Members
6
Employees
4

Preparer

Preparer
Stephen Wood
Phone
9548387000
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Operation of low income housing for the elderly and handicapped. Regulated and assisted by the department of housing and urban development

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt063
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0116
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0291
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01579
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0264595
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02290
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0625
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06142
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04526
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt030188
IRS990ScheduleA/OtherIncome170Grp/TotalAmt043771
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93290
IRS990ScheduleA/PublicSupportPY170Pct00.92090
IRS990ScheduleA/PublicSupportTotal170Amt0630808
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0126780
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0130860
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0136562
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0118660
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0117946
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0630808
IRS990ScheduleA/TotalSupportAmt0676158
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt010559
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08390
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018949
IRS990ScheduleD/ExpensesSubtotalAmt0340425
IRS990ScheduleD/LandGrp/BookValueAmt040000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt040000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02868
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0282
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03150
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02365182
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0819116
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03184298
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011165
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17711
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISC LONG TERM LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt0264595
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02418609
IRS990ScheduleD/TotalExpensesPerForm990Amt0340425
IRS990ScheduleD/TotalLiabilityAmt018876
IRS990ScheduleD/TotalRevenuePerForm990Amt0264595
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0264595
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0340425
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0238288
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEVE PROTULIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0238288
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT IS PROVIDED BY ELDERLY HOUSING DEVELOPMENT & OPERATIONS CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10EHDOC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0650665009
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine101580 SAWGRASS CORPORATE PARKWAY 210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0SUNRISE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode033323
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03084301
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03084301
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02715872
IRS990/TotalAssetsEOYAmt02645841
IRS990/TotalAssetsGrp/BOYAmt02715872
IRS990/TotalAssetsGrp/EOYAmt02645841
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01184
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0339241
IRS990/TotalFunctionalExpensesGrp/TotalAmt0340425
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt064990
IRS990/TotalLiabilitiesEOYAmt070789
IRS990/TotalLiabilitiesGrp/BOYAmt064990
IRS990/TotalLiabilitiesGrp/EOYAmt070789
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02650882
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02575052
IRS990/TotalOtherProgSrvcExpenseAmt0339241
IRS990/TotalProgramServiceExpensesAmt0339241
IRS990/TotalProgramServiceRevenueAmt0261492
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0264595
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0264595
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02715872
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02645841
IRS990/TotReportableCompRltdOrgAmt0283288

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.19$1.63$0.32$0.47$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.86$0.08$1.78$0.32$0.41$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.91$0.05$1.86$0.32$0.39$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.97$0.04$1.93$0.30$0.36$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.05$0.06$1.99$0.29$0.36$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.12$0.06$2.06$0.27$0.34$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.21$0.08$2.13$0.32$0.41$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.28$0.07$2.21$0.32$0.39$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.36$0.08$2.28$0.28$0.35$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.43$0.08$2.35$0.28$0.37$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.56$0.11$2.44$0.27$0.40$0.13
2013Detailed filing. Detailed filing data is available for this year.$2.65$0.07$2.58$0.26$0.34$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$0.06$2.65$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$0.06$2.71$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$0.07$2.77$0.31