Civic Intelligence

India House Inc.

990 • Fiscal year 2018 • EIN 05-0577825

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

8888 W Belfort StHouston, TX 77031-2406

(713) 929-1906

Siviq Scores

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

Liabilities / Assets

66th percentile

0.33x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

3.80x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

33rd percentile

-1.1%

Higher net margin than 33% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

18th percentile

-5.9%

Faster asset growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

5th percentile

-47%

Faster revenue growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$5,174,283

Down $324,082 (-5.9%) from 2017

Net Assets

Down

$3,455,671

Down $267,348 (-7.2%) from 2017

Liabilities

Down

$1,718,612

Down $56,734 (-3.2%) from 2017

Revenue

Down

$452,532

Down $397,553 (-47%) from 2017

Expenses

Down

$457,529

Down $51,578 (-10%) from 2017

Net Income

Down

-$4,997

Down $345,975 (-101%) from 2017

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2008: $790,973Liabilities 2008: $214,559Net Assets 2008: $576,4142008Assets 2009: $6,889,342Liabilities 2009: $2,146,142Net Assets 2009: $4,743,2002009Assets 2010: $6,757,318Liabilities 2010: $2,081,703Net Assets 2010: $4,675,6152010Assets 2011: $6,304,438Liabilities 2011: $2,001,546Net Assets 2011: $4,302,8922011Assets 2012: $6,010,737Liabilities 2012: $1,905,597Net Assets 2012: $4,105,1402012Assets 2013: $6,055,628Liabilities 2013: $1,808,778Net Assets 2013: $4,246,8502013Assets 2014: $5,689,231Liabilities 2014: $1,716,709Net Assets 2014: $3,972,5222014Assets 2015: $5,530,778Liabilities 2015: $1,706,016Net Assets 2015: $3,824,7622015Assets 2017: $5,498,365Liabilities 2017: $1,775,346Net Assets 2017: $3,723,0192017Assets 2018: $5,174,283Liabilities 2018: $1,718,612Net Assets 2018: $3,455,6712018Assets 2019: $5,077,150Liabilities 2019: $1,658,504Net Assets 2019: $3,418,6462019Assets 2020: $4,908,462Liabilities 2020: $1,496,211Net Assets 2020: $3,412,2512020Assets 2021: $4,765,328Liabilities 2021: $1,496,411Net Assets 2021: $3,268,9172021Assets 2022: $4,617,035Liabilities 2022: $1,420,724Net Assets 2022: $3,196,3112022Assets 2023: $4,429,798Liabilities 2023: $1,341,851Net Assets 2023: $3,087,9472023Assets 2024: $4,344,429Liabilities 2024: $1,260,576Net Assets 2024: $3,083,8532024

Highlighted filing

2018

Assets$5,174,283
Liabilities$1,718,612
Net Assets$3,455,671

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2008: $1,175,356Expenses 2008: $512,904Net Income 2008: $662,4522008Revenue 2009: $255,857Expenses 2009: $856,099Net Income 2009: -$600,2422009Expenses 2010: $795,8272010Expenses 2011: $866,5472011Revenue 2012: $554,850Expenses 2012: $755,063Net Income 2012: -$200,2132012Revenue 2013: $1,026,805Expenses 2013: $881,241Net Income 2013: $145,5642013Revenue 2014: $737,237Expenses 2014: $699,358Net Income 2014: $37,8792014Revenue 2015: $535,985Expenses 2015: $571,264Net Income 2015: -$35,2792015Revenue 2017: $850,085Expenses 2017: $509,107Net Income 2017: $340,9782017Revenue 2018: $452,532Expenses 2018: $457,529Net Income 2018: -$4,9972018Revenue 2019: $754,148Expenses 2019: $524,504Net Income 2019: $229,6442019Revenue 2020: $550,178Expenses 2020: $556,573Net Income 2020: -$6,3952020Revenue 2021: $621,586Expenses 2021: $650,377Net Income 2021: -$28,7912021Revenue 2022: $907,655Expenses 2022: $695,630Net Income 2022: $212,0252022Revenue 2023: $816,297Expenses 2023: $647,938Net Income 2023: $168,3592023Revenue 2024: $804,914Expenses 2024: $597,607Net Income 2024: $207,3072024

Highlighted filing

2018

Revenue$452,532
Expenses$457,529
Net Income-$4,997
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$515,302
Mission and Program Overview

Mission

SEE LINE 1 PART i

1 Build and operate Community Center in Metroplitan Houston to promote Indian Culture. 2 To unite culture, create bridges and serve human needs by bringing resources, education, services and Indias culture to Houstonians. 3 Raise the required capital from primarily Federal and State grants supported by significant contrinutions from the local Indo-American Community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,776,599$4,623,428▼ $153,171
Rtn Earn Endowment Incm Other Fnds$3,723,019$3,455,671▼ $267,348
Cash and Non-Interest-Bearing Accounts$721,386$550,475▼ $170,911
Intangible Assets$380$380→ $0
Total Assets$5,498,365$5,174,283▼ $324,082
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,774,986$1,718,252▼ $56,734
Accounts Payable and Accrued Expenses$360$360→ $0
Total Liabilities$1,775,346$1,718,612▼ $56,734
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,723,019$3,455,671▼ $267,348
Total Liabilities and Net Assets / Fund Balance$5,498,365$5,174,283▼ $324,082

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,257,221$1,505,516$5,762,737
Land$339,833-$339,833
Equipment$1$143,289$143,290
Leasehold Improvements$25,184$52,357$77,541
Other Land Buildings$1,189$58,462$59,651
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$195,473
Program Service Revenue
$171,088
Investment Income
$0
Other Revenue
$85,971
All Other Contributions
$190,361
Change in Net Assets
$-4,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$334,154
Salaries, Compensation, and Employee Benefits$123,375
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$126,227$31,557-$157,784
Other Salaries and Wages$93,976$23,494-$117,470
Office Expenses$78,775$19,694-$98,469
Interest$26,055$6,514-$32,569
Other Expenses$6,778$1,695-$8,473
Payroll Taxes$4,724$1,181-$5,905
Fees for Services Accounting$1,941$485-$2,426
Total Functional Expenses$371,039$86,490$0$457,529
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$148,741
Fundraising Direct Expenses$62,770
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$148,741$148,741$62,770$85,971
Total Events$148,741$148,741$62,770$85,971
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B

Tax return is explained and reviewed with the managing officer of the organization.

Form 990, Part VI, Line 19

All of the non-profit organization documents, policies and financial statements are discussed and reviewed in monthly meetings held at organization.

Filing and Contact Details

Filer

Filer Name
India House Inc
EIN
05-0577825
Phone
7139291906
Address
8888 W BELFORT ST, HOUSTON, TX 77031-2406

Signing Officer

Name
Rajinder Soni
Title
Treasurer
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Manish Rungta
Formed
2007
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
2

Preparer

Firm
Darshan Wadhwa CPA PC
Address
4212 Sunset Blvd, Houston, TX 77005
Preparer
Darshan Wadhwa
Phone
7133490273
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 OTHER FUNCTIONS

Form 990, Part XI, Line 9

To account for the expenses on the 990-T

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IRS990/OtherSalariesAndWagesGrp/TotalAmt0117470
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01181
IRS990/PayrollTaxesGrp/ProgramServicesAmt04724
IRS990/PayrollTaxesGrp/TotalAmt05905
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MANISH RUNGTA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL OF FACILITIES
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0171088
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0171088
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0269141
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0367380
IRS990/PYOtherRevenueAmt0427769
IRS990/PYProgramServiceRevenueAmt0153175
IRS990/PYRevenuesLessExpensesAmt0340978
IRS990/PYSalariesCompEmpBnftPaidAmt0141727
IRS990/PYTotalExpensesAmt0509107
IRS990/PYTotalRevenueAmt0850085
IRS990/ReconcilationRevenueExpnssAmt0-4997
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03723019
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03455671
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0344214
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0930250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0552978
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0477434
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0706414
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03011290
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt03011290
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0344214
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0930250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0552978
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0477434
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0706414
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03011290
IRS990ScheduleA/TotalSupportAmt03011290
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04257221
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01505516
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05762737
IRS990ScheduleD/EquipmentGrp/BookValueAmt01
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0143289
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0143290
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0339833
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0339833
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt025184
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt052357
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt077541
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01189
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt058462
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt059651
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04623428
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt062770
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0148741
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0148741
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0148741
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0148741
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt085971
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt062770
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt062770
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 0, Grants and allocations 0, Revenue 0 OTHER FUNCTIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1To account for the expenses on the 990-T
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Tax return is explained and reviewed with the managing officer of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All of the non-profit organization documents, policies and financial statements are discussed and reviewed in monthly meetings held at organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05498365
IRS990/TotalAssetsEOYAmt05174283
IRS990/TotalAssetsGrp/BOYAmt05498365
IRS990/TotalAssetsGrp/EOYAmt05174283
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0195473
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt086490
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0371039
IRS990/TotalFunctionalExpensesGrp/TotalAmt0457529
IRS990/TotalGrossUBIAmt0171088
IRS990/TotalLiabilitiesBOYAmt01775346
IRS990/TotalLiabilitiesEOYAmt01718612
IRS990/TotalLiabilitiesGrp/BOYAmt01775346
IRS990/TotalLiabilitiesGrp/EOYAmt01718612
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03723019
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03455671
IRS990/TotalProgramServiceRevenueAmt0171088
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0452532
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0171088
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05498365
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05174283
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05212 HOLLY STREET
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077401
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0www.indiahousehouston.org
IRS990/WhistleblowerPolicyInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.34$1.26$3.08$0.80$0.60$0.21
2023Detailed filing. Detailed filing data is available for this year.$4.43$1.34$3.09$0.82$0.65$0.17
2022Detailed filing. Detailed filing data is available for this year.$4.62$1.42$3.20$0.91$0.70$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.77$1.50$3.27$0.62$0.65$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.91$1.50$3.41$0.55$0.56$0.01
2019Detailed filing. Detailed filing data is available for this year.$5.08$1.66$3.42$0.75$0.52$0.23
2018Detailed filing. Detailed filing data is available for this year.$5.17$1.72$3.46$0.45$0.46$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.50$1.78$3.72$0.85$0.51$0.34
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.53$1.71$3.82$0.54$0.57$0.04
2014Detailed filing. Detailed filing data is available for this year.$5.69$1.72$3.97$0.74$0.70$0.04
2013Detailed filing. Detailed filing data is available for this year.$6.06$1.81$4.25$1.03$0.88$0.15
2012Summary only. Only limited summary data is available for this year.$6.01$1.91$4.11$0.55$0.76$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.30$2.00$4.30$0.87
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.76$2.08$4.68$0.80
2009Summary only. Only limited summary data is available for this year.$6.89$2.15$4.74$0.26$0.86$0.60
2008Summary only. Only limited summary data is available for this year.$0.79$0.21$0.58$1.18$0.51$0.66