Civic Intelligence

Marc Homes Inc.

990 • Fiscal year 2022 • EIN 20-0044654

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 13, 2022

Organization Profile
PO Box 622Muskogee, OK 74402

(918) 683-8162

Siviq Scores

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

Liabilities / Assets

97th percentile

1.59x

Higher debt load relative to assets than 97% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

8.44x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

32nd percentile

-4.4%

Faster asset growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-10%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$672,255

Down $30,855 (-4.4%) from 2021

Net Assets

Down

-$396,259

Down $31,034 (-8.5%) from 2021

Liabilities

Up

$1,068,514

Up $179 (+0.0%) from 2021

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin13th percentile

Revenue

Down

$126,528

Down $14,358 (-10%) from 2021

Expenses

Up

$157,562

Up $10,563 (+7.2%) from 2021

Net Income

Down

-$31,034

Down $24,921 (-408%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $912,381Liabilities 2011: $1,070,174Net Assets 2011: -$157,7932011Assets 2012: $880,452Liabilities 2012: $1,067,975Net Assets 2012: -$187,5232012Assets 2013: $882,892Liabilities 2013: $1,084,425Net Assets 2013: -$201,5332013Assets 2014: $842,951Liabilities 2014: $1,069,460Net Assets 2014: -$226,5092014Assets 2015: $811,600Liabilities 2015: $1,068,846Net Assets 2015: -$257,2462015Assets 2016: $793,812Liabilities 2016: $1,066,626Net Assets 2016: -$272,8142016Assets 2017: $773,995Liabilities 2017: $1,068,687Net Assets 2017: -$294,6922017Assets 2018: $747,409Liabilities 2018: $1,069,492Net Assets 2018: -$322,0832018Assets 2019: $734,444Liabilities 2019: $1,072,819Net Assets 2019: -$338,3752019Assets 2020: $714,085Liabilities 2020: $1,073,197Net Assets 2020: -$359,1122020Assets 2021: $703,110Liabilities 2021: $1,068,335Net Assets 2021: -$365,2252021Assets 2022: $672,255Liabilities 2022: $1,068,514Net Assets 2022: -$396,2592022Assets 2023: $654,824Liabilities 2023: $1,074,166Net Assets 2023: -$419,3422023Assets 2024: $633,994Liabilities 2024: $1,073,270Net Assets 2024: -$439,2762024

Highlighted filing

2022

Assets$672,255
Liabilities$1,068,514
Net Assets-$396,259
Open 2022 Filing

Operations Trend

Revenue Growth27th percentile

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

$200K$150K$100K$50K$0-$50KExpenses 2011: $136,2902011Expenses 2012: $130,9522012Expenses 2013: $111,1662013Revenue 2014: $101,551Expenses 2014: $126,527Net Income 2014: -$24,9762014Revenue 2015: $102,438Expenses 2015: $133,175Net Income 2015: -$30,7372015Revenue 2016: $107,959Expenses 2016: $123,527Net Income 2016: -$15,5682016Revenue 2017: $110,357Expenses 2017: $132,235Net Income 2017: -$21,8782017Revenue 2018: $108,862Expenses 2018: $136,253Net Income 2018: -$27,3912018Revenue 2019: $109,183Expenses 2019: $125,475Net Income 2019: -$16,2922019Revenue 2020: $109,546Expenses 2020: $130,283Net Income 2020: -$20,7372020Revenue 2021: $140,886Expenses 2021: $146,999Net Income 2021: -$6,1132021Revenue 2022: $126,528Expenses 2022: $157,562Net Income 2022: -$31,0342022Revenue 2023: $124,440Expenses 2023: $147,523Net Income 2023: -$23,0832023Revenue 2024: $127,379Expenses 2024: $147,313Net Income 2024: -$19,9342024

Highlighted filing

2022

Revenue$126,528
Expenses$157,562
Net Income-$31,034
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 13, 2022
Return Version
2021v4.2
Gross Receipts
$126,528
Mission and Program Overview

Mission

Provide 22 units of housing for low income persons with disabilities.

Provide 22 units of housing for low income persons with disbilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$682,371$648,171▼ $34,200
Savings and Temporary Cash Investments$11,644$18,496▲ $6,852
Cash and Non-Interest-Bearing Accounts$3,326$1,382▼ $1,944
Accounts Receivable$1,055--
Total Assets$703,110$672,255▼ $30,855
Other Assets Total$4,714$4,206▼ $508
Liabilities
Other Liabilities$1,062,814$1,062,306▼ $508
Accounts Payable and Accrued Expenses$5,521$6,208▲ $687
Total Liabilities$1,068,335$1,068,514▲ $179
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-365,225$-396,259▼ $31,034
Total Net Assets Fund Balance$-365,225$-396,259▼ $31,034
Total Liabilities and Net Assets / Fund Balance$703,110$672,255▼ $30,855

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$559,008$423,567$982,575
Equipment$39,798$43,911$83,709
Land$49,365-$49,365
Other Assets Org$4,206--
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Jim McClureVice-Chairman
Avery RigneyBoard Member
Lynn CraggBoard Member
Mark JacksonBoard Member
Matthew BeeseBoard Member
Donna MealerExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$41,792
Program Service Revenue
$84,726
Investment Income
$10
Other Revenue
$0
Change in Net Assets
$-31,034

Audited Revenue Reconciliation

Revenue per Audited Statements
$126,528
Total Revenue per Audited Statements
$126,528
Total Revenue per Form 990
$126,528
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$128,049
Salaries, Compensation, and Employee Benefits$29,513
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$34,200--$34,200
Other Salaries and Wages$29,513--$29,513
Other Expenses$20,086--$20,086
Fees for Services Management$12,671--$12,671
Insurance$10,133--$10,133
Office Expenses$9,387--$9,387
Fees for Services Accounting-$5,000-$5,000
Total Functional Expenses$152,562$5,000$0$157,562

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$157,562
Total Expenses per Audited Statements$157,562
Total Expenses per Form 990$157,562
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
Capital Advance$1,058,100
Tenant Deposits Held in Trust$4,206
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The form is reviewed at regularly scheduled meetings.”

Conflict of interest policy compliance Part VI line 12C

“The board oversees the activities of the property manager who selects contractors and ensures contractors are not related.”

Governing documents etc available to public Part VI line 19

“The governing documents, conflict of interest policy, and finanacial statements are available upon proper request.”

Filing and Contact Details

Filer

Filer Name
MARC Homes Inc
EIN
20-0044654
Address
PO Box 622, Muskogee, OK 74402

Signing Officer

Name
Lynn Cragg
Title
Executive Direc
Phone
9186838162
Signed
2022-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynn Cragg
Formed
2004
Legal Domicile
Ok
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
4

Preparer

Firm
John Flusche CPA
Address
5735 E 102nd Street, Tulsa, OK 74137
Preparer
John Flusche
Phone
9182612758
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Capital Advance
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant Deposits Held in Trust
IRS990ScheduleD/RevenueSubtotalAmt0126528
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0648171
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04206
IRS990ScheduleD/TotalExpensesPerForm990Amt0157562
IRS990ScheduleD/TotalLiabilityAmt01062306
IRS990ScheduleD/TotalRevenuePerForm990Amt0126528
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0126528
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0157562
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form is reviewed at regularly scheduled meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board oversees the activities of the property manager who selects contractors and ensures contractors are not related.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing documents, conflict of interest policy, and finanacial statements are available upon proper request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0703110
IRS990/TotalAssetsEOYAmt0672255
IRS990/TotalAssetsGrp/BOYAmt0703110
IRS990/TotalAssetsGrp/EOYAmt0672255
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt041792
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0152562
IRS990/TotalFunctionalExpensesGrp/TotalAmt0157562
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01068335
IRS990/TotalLiabilitiesEOYAmt01068514
IRS990/TotalLiabilitiesGrp/BOYAmt01068335
IRS990/TotalLiabilitiesGrp/EOYAmt01068514
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-365225
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-396259
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0152562
IRS990/TotalProgramServiceRevenueAmt084726
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt084736
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0126528
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0703110
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0672255
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Lynn Cragg
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Direc
ReturnHeader/BusinessOfficerGrp/PhoneNum09186838162
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARC Homes Inc
ReturnHeader/Filer/BusinessNameControlTxt0MARC
ReturnHeader/Filer/EIN0200044654
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 622
ReturnHeader/Filer/USAddress/CityNm0Muskogee
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074402
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731513650
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0John Flusche CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05735 E 102nd Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tulsa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd074137
ReturnHeader/PreparerPersonGrp/PhoneNum09182612758
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John Flusche
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-05-12T16:39:20-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Lynn
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Cragg
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$672,255
Liabilities
$1,068,514
Net assets
-$396,259
Revenue
$126,528
Expenses
$157,562
Net income
-$31,034
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$1.07$0.44$0.13$0.15$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$1.07$0.42$0.12$0.15$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.67$1.07$0.40$0.13$0.16$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$1.07$0.37$0.14$0.15$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$1.07$0.36$0.11$0.13$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$1.07$0.34$0.11$0.13$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$1.07$0.32$0.11$0.14$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$1.07$0.29$0.11$0.13$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.79$1.07$0.27$0.11$0.12$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.81$1.07$0.26$0.10$0.13$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.84$1.07$0.23$0.10$0.13$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$1.08$0.20$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$1.07$0.19$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$1.07$0.16$0.14