Civic Intelligence

St Peter Manor LLC

990 • Fiscal year 2014 • EIN 16-1729616

Oct 01, 2013 to Sep 30, 2014 • Filed on Aug 11, 2015

1615 Appling Road38016

(901) 278-8200

Siviq Scores

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

Liabilities / Assets

98th percentile

1.97x

Higher debt load relative to assets than 98% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

90th percentile

2.27x

Higher debt load relative to revenue than 90% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

34th percentile

-1.7%

Higher net margin than 34% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

16th percentile

-6.9%

Faster asset growth than 16% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M 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

Assets

Down

$2,917,632

Down $217,578 (-6.9%) from 2013

Net Assets

Down

-$2,820,815

Down $44,116 (-1.6%) from 2013

Liabilities

Down

$5,738,447

Down $173,462 (-2.9%) from 2013

Revenue

$2,524,220

No earlier filing loaded for comparison.

Expenses

Up

$2,568,336

Up $527,711 (+26%) from 2013

Net Income

-$44,116

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.

$10M$5.0M$0-$5.0MAssets 2011: $3,353,094Liabilities 2011: $6,244,012Net Assets 2011: -$2,890,9182011Assets 2012: $3,179,259Liabilities 2012: $5,927,791Net Assets 2012: -$2,748,5322012Assets 2013: $3,135,210Liabilities 2013: $5,911,909Net Assets 2013: -$2,776,6992013Assets 2014: $2,917,632Liabilities 2014: $5,738,447Net Assets 2014: -$2,820,8152014Assets 2015: $2,881,072Liabilities 2015: $5,649,415Net Assets 2015: -$2,768,3432015Assets 2016: $2,967,119Liabilities 2016: $5,642,621Net Assets 2016: -$2,675,5022016Assets 2017: $2,917,659Liabilities 2017: $5,412,331Net Assets 2017: -$2,494,6722017Assets 2018: $2,875,270Liabilities 2018: $5,299,751Net Assets 2018: -$2,424,4812018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2014

Assets$2,917,632
Liabilities$5,738,447
Net Assets-$2,820,815

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,336,4982011Expenses 2012: $2,165,6222012Expenses 2013: $2,040,6252013Revenue 2014: $2,524,220Expenses 2014: $2,568,336Net Income 2014: -$44,1162014Revenue 2015: $2,363,802Expenses 2015: $2,311,330Net Income 2015: $52,4722015Revenue 2016: $2,325,738Expenses 2016: $2,232,897Net Income 2016: $92,8412016Revenue 2017: $2,518,858Expenses 2017: $2,338,028Net Income 2017: $180,8302017Revenue 2018: $2,479,533Expenses 2018: $2,409,342Net Income 2018: $70,1912018Revenue 2019: $6,787,059Expenses 2019: $4,362,578Net Income 2019: $2,424,4812019

Highlighted filing

2014

Revenue$2,524,220
Expenses$2,568,336
Net Income-$44,116
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Aug 11, 2015
Return Version
2013v4.0
Gross Receipts
$2,524,220
Mission and Program Overview

Mission

Housing for low-income elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,293,651$2,235,219▼ $58,432
Cash and Non-Interest-Bearing Accounts$98,962$55,980▼ $42,982
Accounts Receivable$126,427$25,203▼ $101,224
Prepaid Expenses and Deferred Charges$12,116$9,278▼ $2,838
Total Assets$3,135,210$2,917,632▼ $217,578
Other Assets Total$604,054$591,952▼ $12,102
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,534,351$5,434,229▼ $100,122
Accounts Payable and Accrued Expenses$301,476$222,473▼ $79,003
Other Liabilities$76,082$81,745▲ $5,663
Total Liabilities$5,911,909$5,738,447▼ $173,462
Net Assets / Fund Balance
Unrestricted Net Assets$-2,776,699$-2,820,815▼ $44,116
Total Net Assets Fund Balance$-2,776,699$-2,820,815▼ $44,116
Total Liabilities and Net Assets / Fund Balance$3,135,210$2,917,632▼ $217,578

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,370,599$7,426,841-
Land$287,733--
Equipment$576,887$277,114-
Other Assets Org$145,680--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nick NashPresident
William KeithVice President
Diane SluderDirector
Dwight DavisDirector
Earline MatthewsDirector
Michelle FracchiaDirector
Pam JeffriesDirector
Rev Donald ParkDirector
Rev Steve CavittDirector
Wallave McalexanderDirector
Larry KalerCEO (non-voting)
Jim NassoCOO (non-voting)
Mary Lou CushingSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sharp And Robbins ConstructionRenovation & Insurance Damage Work-$335,985
Millington Floor CoveringFlooring And Installation-$201,709
Wesley Housing Corporation Of Memphis IManagement/bookkeeping Fees-$147,932
Revenue and Support

Revenue Composition

Contributions and Grants
$109,221
Program Service Revenue
$2,038,821
Investment Income
$2,498
Other Revenue
$373,680
Change in Net Assets
$-44,116

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,524,220
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,524,220
Total Revenue per Form 990
$2,524,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,203,279
Salaries, Compensation, and Employee Benefits$365,057
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,157,434--$1,157,434
Depreciation Depletion$379,705--$379,705
Other Salaries and Wages$283,427--$283,427
Fees for Services Management-$121,245-$121,245
Other Employee Benefits$49,999--$49,999
Fees for Services Accounting$38,968--$38,968
Office Expenses$30,391--$30,391
Payroll Taxes$24,805--$24,805
Other Expenses$14,808--$14,808
All Other Expenses$7,031--$7,031
Pension Plan Contributions$6,826--$6,826
Conferences and Meetings$3,822--$3,822
Advertising$3,776--$3,776
Travel$3,545--$3,545
Fees for Services Legal$1,525--$1,525
Fees for Services Other$365--$365
Total Functional Expenses$2,447,091$121,245$0$2,568,336

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,568,336
Total Expenses per Audited Statements$2,568,336
Total Expenses per Form 990$2,568,336
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 Security Deposits$81,745
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Effective june 1, 2012, st peter manor has a hud approved management agreement with wesley housing corporation of memphis, inc.

Form 990, Part VI, Section A, Line 6

Diocese of memphis housing corporation is the sole managing member of st. Peter manor, llc. The board members listed for st. Peter manor, llc, are those of the sole managing member.

Form 990, Part VI, Section B, Line 11

An officer of the management company reviews the form 990 before filing. It is then provided to the board of directors after filing.

Form 990, Part VI, Section B, Line 12C

The board of directors are reminded about the conflict of interest policy annually, and are asked to confirm that there is no conflict of interest at that time.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

EIN
16-1729616
Phone
9012788200

Signing Officer

Name
Don Ollio
Title
CFO
Phone
9013804900
Signed
2015-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Nasso
Formed
1978
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
16
Volunteers
11

Preparer

Preparer
Jeff Thomason
Phone
9017612720
Raw XML AppendixShowing 400 of 543 raw XML fields

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/OtherChangesInNetAssetsAmt00
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt049999
IRS990/OtherExpensesGrp/Desc0INSURANCE LOSS
IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE EXPENSES
IRS990/OtherExpensesGrp/Desc3ADMIN RENT FREE EXPENSE
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IRS990/OtherExpensesGrp/ProgramServicesAmt1121770
IRS990/OtherExpensesGrp/ProgramServicesAmt293604
IRS990/OtherExpensesGrp/ProgramServicesAmt314808
IRS990/OtherExpensesGrp/TotalAmt0225290
IRS990/OtherExpensesGrp/TotalAmt1121770
IRS990/OtherExpensesGrp/TotalAmt293604
IRS990/OtherExpensesGrp/TotalAmt314808
IRS990/OtherLiabilitiesGrp/BOYAmt076082
IRS990/OtherLiabilitiesGrp/EOYAmt081745
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE PROCEEDS
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0283427
IRS990/OtherSalariesAndWagesGrp/TotalAmt0283427
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt024805
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06826
IRS990/PensionPlanContributionsGrp/TotalAmt06826
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012116
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09278
IRS990/PrincipalOfficerNm0JIM NASSO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02038821
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02038821
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0110801
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01581
IRS990/PYOtherExpensesAmt01774313
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01900076
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-44116
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02412501
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0126781
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0684
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02038821
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01901657
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01968877
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IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00160
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/PublicSupportPY509Pct00.47730
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01114528
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011090810
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt07426841
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt08797440
IRS990ScheduleD/EquipmentGrp/BookValueAmt0576887
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0277114
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0854001
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02568336
IRS990ScheduleD/LandGrp/BookValueAmt0287733
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0287733
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0146419
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt186606

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