Civic Intelligence

St Peter Manor LLC

990 • Fiscal year 2019 • EIN 16-1729616

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 14, 2020

1615 Appling RoadCordova, TN 38016

(901) 380-4900

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

86th percentile

36%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

96th percentile

174%

Faster revenue growth than 96% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$0

Down $2,875,270 (-100%) from 2018

Net Assets

Up

$0

Up $2,424,481 (+100%) from 2018

Liabilities

Down

$0

Down $5,299,751 (-100%) from 2018

Revenue

Up

$6,787,059

Up $4,307,526 (+174%) from 2018

Expenses

Up

$4,362,578

Up $1,953,236 (+81%) from 2018

Net Income

Up

$2,424,481

Up $2,354,290 (+3354%) from 2018

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

2019

Assets$0
Liabilities$0
Net Assets$0

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

2019

Revenue$6,787,059
Expenses$4,362,578
Net Income$2,424,481
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 14, 2020
Return Version
2018v3.2
Gross Receipts
$8,733,134
Mission and Program Overview

Mission

Housing for low-income elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,680,719$0▼ $1,680,719
Intangible Assets$123,480$0▼ $123,480
Accounts Receivable$120,500$0▼ $120,500
Cash and Non-Interest-Bearing Accounts$107,735$0▼ $107,735
Prepaid Expenses and Deferred Charges$11,924$0▼ $11,924
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$2,875,270$0▼ $2,875,270
Other Assets Total$830,912$0▼ $830,912
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,912,685$0▼ $4,912,685
Accounts Payable and Accrued Expenses$300,413$0▼ $300,413
Other Liabilities$86,653$0▼ $86,653
Total Liabilities$5,299,751$0▼ $5,299,751
Net Assets / Fund Balance
Unrestricted Net Assets$-2,424,481$0▲ $2,424,481
Total Net Assets Fund Balance$-2,424,481$0▲ $2,424,481
Total Liabilities and Net Assets / Fund Balance$2,875,270$0▼ $2,875,270
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott BlountPresident
Rev Andrew ThompsonVice President
Amanda WardBoard Member
Dr Cynthia DavisBoard Member
Dwight DavisBoard Member
Eddie SmithBoard Member
Holly MitchenerBoard Member
Nancy AlbonettiBoard Member
Rebecca FloydBoard Member
Rev Jeff RudyBoard Member
Wallace McalexanderBoard Member
William KeithBoard Member
James NassoNon-voting CEO
Donald OllioNon-voting CFO
Ronald BudynasNon-voting COO
Mary Lou CushingSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Welsey Housing Corporation Of Memphis IManagement And Bookkeeping Fees1615 APPLING RD, Cordova, TN 38016$368,137
Revenue and Support

Revenue Composition

Contributions and Grants
$161,321
Program Service Revenue
$68,188
Investment Income
$6,554,216
Other Revenue
$3,334
Change in Net Assets
$2,424,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,275,428
Other Expenses$1,064,550
Salaries, Compensation, and Employee Benefits$22,600
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,275,428--$3,275,428
Occupancy$509,163--$509,163
Fees for Services Other$340,000--$340,000
Depreciation Depletion$139,946--$139,946
Other Salaries and Wages$19,075--$19,075
Fees for Services Management-$11,353-$11,353
Office Expenses-$4,641-$4,641
Fees for Services Legal-$2,497-$2,497
Fees for Services Accounting-$2,264-$2,264
Other Employee Benefits$1,615--$1,615
Payroll Taxes$1,593--$1,593
All Other Expenses$1,445--$1,445
Other Expenses$1,326--$1,326
Conferences and Meetings$747--$747
Pension Plan Contributions$317--$317
Travel$20--$20
Total Functional Expenses$4,341,823$20,755$0$4,362,578
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Joseph Village IncCordova, TN501(c)(3)To Provide Housing for Low-income Elderly$1,125,428
Meadows Housing Corporation IncCordova, TN501(c)(3)To Provide Housing and Services to Low, Very Low, and Extremely Low Income Families$1,000,000
Wesley Home Services IncCordova, TN501(c)(3)To Provide Non Medical Home Services to Assist People (primarily Elderly) in Their Homes to Prevent Nursing Home Care, Including Those Receiving Medicaid Benefits$650,000
Wesley Senior Ministries IncCordova, TN501(c)(3)To Provide Services to the Elderly in Order to Enhance Physical, Psychological, and Spiritual Aspects of Living$500,000
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
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

St. Peter manor, llc is managed by wesley housing corporation of memphis, inc., a professional property management company. Wesley housing corporation of memphis, inc. Has a project owner's and management agent's certification for multifamily housing projects with the us department of housing and urban development. Under this certification, hud has approved wesley housing corporation of memphis, inc. To manage the wesley at martin, inc. Apartment community. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.

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 A, Line 7A

Diocese of memphis housing corporation is the sole managing member of st. Peter manor, llc.

Form 990, Part VI, Section A, Line 7B

Diocese of memphis housing corporation is the sole managing member of st. Peter manor, llc.

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is reviewed by an officer of the organization prior to filing.

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

Review the policy on an annual basis with the board of directors to make sure that everyone is in compliance.

Form 990, Part VI, Section B, Line 15

The compensation of all employees is determined through the approval of the budget.

Form 990, Part VI, Section C, Line 19

Information is available through www.guidestar.org or upon request.

FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:

Hours worked for related organizations: all of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.

Filing and Contact Details

Filer

Filer Name
St Peter Manor LLC
EIN
16-1729616
Phone
9013804900
Address
1615 APPLING ROAD, CORDOVA, TN 38016

Signing Officer

Name
Donald D Ollio Jr
Title
CFO
Phone
9013804900
Signed
2020-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald D Ollio Jr
Formed
1978
Legal Domicile
Tn
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Abby Shafer
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Oversight of auditing function: an audit committee reviews the audit results and selection of the auditing firm through a periodic competitive bidding process.

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