Civic Intelligence

Westover Cove Inc.

990 • Fiscal year 2021 • EIN 20-0086537

Apr 01, 2020 to Mar 31, 2021 • Filed on Aug 27, 2021

6800 Park Ten Blvd Room 184-WSan Antonio, TX 78213

(210) 220-1908

Siviq Scores

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

Liabilities / Assets

97th percentile

1.42x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

97th percentile

7.76x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

17th percentile

-6.9%

Higher net margin than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

29th percentile

0.8%

Faster asset growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

2.6%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,030,238

Up $8,214 (+0.8%) from 2020

Net Assets

Down

-$431,466

Down $12,956 (-3.1%) from 2020

Liabilities

Up

$1,461,704

Up $21,170 (+1.5%) from 2020

Revenue

Up

$188,262

Up $4,799 (+2.6%) from 2020

Expenses

Down

$201,218

Down $61,996 (-24%) from 2020

Net Income

Up

-$12,956

Up $66,795 (+84%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2010: $1,355,237Liabilities 2010: $1,427,769Net Assets 2010: -$72,5322010Assets 2011: $1,314,021Liabilities 2011: $1,424,080Net Assets 2011: -$110,0592011Assets 2012: $1,283,840Liabilities 2012: $1,422,594Net Assets 2012: -$138,7542012Assets 2013: $1,240,860Liabilities 2013: $1,429,701Net Assets 2013: -$188,8412013Assets 2014: $1,202,368Liabilities 2014: $1,431,005Net Assets 2014: -$228,6372014Assets 2015: $1,188,094Liabilities 2015: $1,422,841Net Assets 2015: -$234,7472015Assets 2016: $1,152,252Liabilities 2016: $1,428,085Net Assets 2016: -$275,8332016Assets 2017: $1,121,859Liabilities 2017: $1,431,627Net Assets 2017: -$309,7682017Assets 2018: $1,104,144Liabilities 2018: $1,427,451Net Assets 2018: -$323,3072018Assets 2019: $1,088,596Liabilities 2019: $1,427,355Net Assets 2019: -$338,7592019Assets 2020: $1,022,024Liabilities 2020: $1,440,534Net Assets 2020: -$418,5102020Assets 2021: $1,030,238Liabilities 2021: $1,461,704Net Assets 2021: -$431,4662021Assets 2022: $971,424Liabilities 2022: $1,447,311Net Assets 2022: -$475,8872022Assets 2023: $924,713Liabilities 2023: $1,451,084Net Assets 2023: -$526,3712023Assets 2025: $843,557Liabilities 2025: $1,471,105Net Assets 2025: -$627,5482025

Highlighted filing

2021

Assets$1,030,238
Liabilities$1,461,704
Net Assets-$431,466

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $143,2042010Expenses 2011: $161,3962011Expenses 2012: $150,8552012Expenses 2013: $186,3632013Revenue 2014: $131,539Expenses 2014: $164,243Net Income 2014: -$32,7042014Revenue 2015: $143,124Expenses 2015: $149,234Net Income 2015: -$6,1102015Revenue 2016: $155,584Expenses 2016: $196,670Net Income 2016: -$41,0862016Revenue 2017: $149,551Expenses 2017: $183,486Net Income 2017: -$33,9352017Revenue 2018: $169,236Expenses 2018: $182,775Net Income 2018: -$13,5392018Revenue 2019: $177,078Expenses 2019: $192,530Net Income 2019: -$15,4522019Revenue 2020: $183,463Expenses 2020: $263,214Net Income 2020: -$79,7512020Revenue 2021: $188,262Expenses 2021: $201,218Net Income 2021: -$12,9562021Revenue 2022: $194,467Expenses 2022: $238,838Net Income 2022: -$44,3712022Revenue 2023: $187,841Expenses 2023: $238,325Net Income 2023: -$50,4842023Revenue 2025: $212,733Expenses 2025: $247,303Net Income 2025: -$34,5702025

Highlighted filing

2021

Revenue$188,262
Expenses$201,218
Net Income-$12,956
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Aug 27, 2021
Return Version
2020v4.1
Gross Receipts
$188,262
Mission and Program Overview

Mission

To provide low income housing to those individuals who are physically or mentally disabled who need public housing assistance, as required by U.S. Department of Housing and Urban Development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$904,504$870,813▼ $33,691
Cash and Non-Interest-Bearing Accounts$39,390$52,591▲ $13,201
Prepaid Expenses and Deferred Charges$7,874$17,786▲ $9,912
Total Assets$1,022,024$1,030,238▲ $8,214
Other Assets Total$70,256$89,048▲ $18,792
Liabilities
Unsecured Notes Loans Payable$1,418,400$1,418,400→ $0
Mortgage Notes Payable Secured by Investment Property$6,106$20,296▲ $14,190
Accounts Payable and Accrued Expenses$11,904$19,335▲ $7,431
Other Liabilities$4,124$3,673▼ $451
Total Liabilities$1,440,534$1,461,704▲ $21,170
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-418,510$-431,466▼ $12,956
Total Net Assets Fund Balance$-418,510$-431,466▼ $12,956
Total Liabilities and Net Assets / Fund Balance$1,022,024$1,030,238▲ $8,214

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$805,013$505,878$1,310,891
Land$65,800-$65,800
Equipment-$24,336$24,336
Other Assets Org$16,858--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Judy ZavallaPresident
-Director
Beverly HickeyDirector
Eddie KarbowskiDirector
Jerry FrashourDirector
Marylu ParvisDirector
Erin McReynoldsSecretary
Andrea HazlitTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$155,690
Program Service Revenue
$32,025
Investment Income
$7
Other Revenue
$540
All Other Contributions
$155,690
Change in Net Assets
$-12,956

Audited Revenue Reconciliation

Revenue per Audited Statements
$188,262
Total Revenue per Audited Statements
$188,262
Total Revenue per Form 990
$188,262
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$144,716
Salaries, Compensation, and Employee Benefits$56,502
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,724--$50,724
Occupancy$35,099--$35,099
Depreciation Depletion$33,691--$33,691
Office Expenses$20,285--$20,285
Fees for Services Accounting-$15,301-$15,301
Fees for Services Management-$9,317-$9,317
Payroll Taxes$5,044--$5,044
All Other Expenses$1,567$364-$1,931
Fees for Services Legal$1,750--$1,750
Other Employee Benefits$734--$734
Conferences and Meetings$198--$198
Other Expenses$88--$88
Advertising$35--$35
Total Functional Expenses$176,236$24,982$0$201,218

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$201,218
Total Expenses per Audited Statements$201,218
Total Expenses per Form 990$201,218
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
Federal income taxes$3,673
Resident Deposit Held in Trust-
Prepaid Revenue-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 3

Management Delegated- A property management company has been retained to manage the day to day operations of low-income rental property of the organization subject to review by the Board of Directors.

Form 990, Part VII, Line 19

Governing Documents Disclosure Explanation- No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Westover Cove Inc
EIN
20-0086537
Phone
2102201908
Address
6800 Park Ten Blvd Room 184-W, San Antonio, TX 78213

Signing Officer

Name
Phil Thompson
Title
Board President
Signed
2021-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phil Thompson
Formed
2005
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Leal & Carter PC
Address
16011 University Oak, San Antonio, TX 78249
Preparer
Robert Carter
Phone
2106966206
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

All volunteers of the organization serve as part-time officers and board members.

Form 990, Part X, Line 11B

The Organizations process to review the Form 990 - Officer of Board of Directors reviews and approves the IRS form 990.

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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/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-12956
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0155690
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0152961
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0150642
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0140413
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0122458
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0722164
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt046
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt036
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt030
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0146
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt032025
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt030136
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt026218
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt027918
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt026776
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0143073
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt046
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt036
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0146
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0865237
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0187715
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0183097
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0176860
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0168331
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0149234
IRS990ScheduleA/Total509Grp/TotalAmt0865237
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0187722
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0183143
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0176896
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0168358
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0149264
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0865383
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0805013
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0505878
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01310891
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024336
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024336
IRS990ScheduleD/ExpensesSubtotalAmt0201218
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt065800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt065800
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014016
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt156600
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21574
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt316858
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant Security Deposits Held in Trust
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Replacement Reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Utility Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Residual Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03673
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Resident Deposit Held in Trust
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Prepaid Revenue
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0188262
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0870813
IRS990ScheduleD/TotalBookValueOtherAssetsAmt089048
IRS990ScheduleD/TotalExpensesPerForm990Amt0201218
IRS990ScheduleD/TotalLiabilityAmt03673
IRS990ScheduleD/TotalRevenuePerForm990Amt0188262
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0188262
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0201218
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All volunteers of the organization serve as part-time officers and board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Management Delegated- A property management company has been retained to manage the day to day operations of low-income rental property of the organization subject to review by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organizations process to review the Form 990 - Officer of Board of Directors reviews and approves the IRS form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing Documents Disclosure Explanation- No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part X, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VII, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01022024
IRS990/TotalAssetsEOYAmt01030238
IRS990/TotalAssetsGrp/BOYAmt01022024
IRS990/TotalAssetsGrp/EOYAmt01030238
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0155690
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024982
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0176236
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201218
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01440534
IRS990/TotalLiabilitiesEOYAmt01461704
IRS990/TotalLiabilitiesGrp/BOYAmt01440534
IRS990/TotalLiabilitiesGrp/EOYAmt01461704
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-418510
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-431466
IRS990/TotalProgramServiceExpensesAmt0176236
IRS990/TotalProgramServiceRevenueAmt032025
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt032572
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0188262
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01022024
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01030238
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01418400
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01418400
IRS990/UponRequestInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$1.47$0.63$0.21$0.25$0.03
2023Summary only. Only limited summary data is available for this year.$0.92$1.45$0.53$0.19$0.24$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$1.45$0.48$0.19$0.24$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.03$1.46$0.43$0.19$0.20$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$1.44$0.42$0.18$0.26$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$1.43$0.34$0.18$0.19$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$1.43$0.32$0.17$0.18$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$1.43$0.31$0.15$0.18$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.15$1.43$0.28$0.16$0.20$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.19$1.42$0.23$0.14$0.15$0.01
2014Summary only. Only limited summary data is available for this year.$1.20$1.43$0.23$0.13$0.16$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$1.43$0.19$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$1.42$0.14$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$1.42$0.11$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$1.43$0.07$0.14