Civic Intelligence

Westover Cove Inc.

990 • Fiscal year 2020 • EIN 20-0086537

Apr 01, 2019 to Mar 31, 2020 • Filed on Feb 11, 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

96th percentile

1.41x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

7.85x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

8th percentile

-43%

Higher net margin than 8% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

13th percentile

-6.1%

Faster asset growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

3.6%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,022,024

Down $66,572 (-6.1%) from 2019

Net Assets

Down

-$418,510

Down $79,751 (-24%) from 2019

Liabilities

Up

$1,440,534

Up $13,179 (+0.9%) from 2019

Revenue

Up

$183,463

Up $6,385 (+3.6%) from 2019

Expenses

Up

$263,214

Up $70,684 (+37%) from 2019

Net Income

Down

-$79,751

Down $64,299 (-416%) from 2019

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

2020

Assets$1,022,024
Liabilities$1,440,534
Net Assets-$418,510

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

2020

Revenue$183,463
Expenses$263,214
Net Income-$79,751
Jump To
Filing Snapshot
Filing Period
Apr 1, 2019 to Mar 31, 2020
Signed
Feb 11, 2021
Return Version
2019v5.1
Gross Receipts
$183,463
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$938,294$904,504▼ $33,790
Cash and Non-Interest-Bearing Accounts$46,294$39,390▼ $6,904
Prepaid Expenses and Deferred Charges$7,352$7,874▲ $522
Total Assets$1,088,596$1,022,024▼ $66,572
Other Assets Total$96,656$70,256▼ $26,400
Liabilities
Unsecured Notes Loans Payable$1,418,400$1,418,400→ $0
Accounts Payable and Accrued Expenses$4,774$11,904▲ $7,130
Mortgage Notes Payable Secured by Investment Property$840$6,106▲ $5,266
Other Liabilities$3,341$4,124▲ $783
Total Liabilities$1,427,355$1,440,534▲ $13,179
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-338,759$-418,510▼ $79,751
Total Net Assets Fund Balance$-338,759$-418,510▼ $79,751
Total Liabilities and Net Assets / Fund Balance$1,088,596$1,022,024▼ $66,572

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$838,673$472,218$1,310,891
Land$65,800-$65,800
Equipment$31$24,305$24,336
Other Assets Org$3,753--
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
$152,961
Program Service Revenue
$30,136
Investment Income
$46
Other Revenue
$320
All Other Contributions
$152,961
Change in Net Assets
$-79,751

Audited Revenue Reconciliation

Revenue per Audited Statements
$183,463
Total Revenue per Audited Statements
$183,463
Total Revenue per Form 990
$183,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$210,149
Salaries, Compensation, and Employee Benefits$53,065
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$1,971$65,700-$67,671
Other Salaries and Wages$44,063--$44,063
Depreciation Depletion$33,790--$33,790
Occupancy$30,110--$30,110
Fees for Services Accounting-$14,613-$14,613
Office Expenses$13,464--$13,464
Fees for Services Management-$9,387-$9,387
Payroll Taxes$5,180--$5,180
Other Employee Benefits$3,822--$3,822
Conferences and Meetings$1,463--$1,463
Travel$598--$598
Other Expenses$581--$581
Total Functional Expenses$173,514$89,700$0$263,214

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$263,214
Total Expenses per Audited Statements$263,214
Total Expenses per Form 990$263,214
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$3,551
Resident Deposit Held in Trust$573
Prepaid Revenue-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
2021-02-11
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

Organizations process to review the Form 990 - Office 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/ReconcilationRevenueExpnssAmt0-79751
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0152961
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0150642
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0140413
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0122458
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0130237
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0696711
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt046
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt036
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt030
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt087
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0226
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt030136
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt026218
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt027918
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt026776
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt025260
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0136308
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt046
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt036
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt087
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0226
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0833019
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0183097
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0176860
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0168331
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0149234
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0155497
IRS990ScheduleA/Total509Grp/TotalAmt0833019
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0183143
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0176896
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0168358
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0149264
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0155584
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0833245
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0838673
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0472218
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01310891
IRS990ScheduleD/EquipmentGrp/BookValueAmt031
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024305
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024336
IRS990ScheduleD/ExpensesSubtotalAmt0263214
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt065800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt065800
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012698
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt152231
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21574
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt33753
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant Security Deposits Held in Trust
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Escrow Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Replacement Reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Utility Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Residual Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03551
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1573
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/RevenueSubtotalAmt0183463
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0904504
IRS990ScheduleD/TotalBookValueOtherAssetsAmt070256
IRS990ScheduleD/TotalExpensesPerForm990Amt0263214
IRS990ScheduleD/TotalLiabilityAmt04124
IRS990ScheduleD/TotalRevenuePerForm990Amt0183463
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0183463
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0263214
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/ExplanationTxt2Organizations process to review the Form 990 - Office 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/TotalAssetsBOYAmt01088596
IRS990/TotalAssetsEOYAmt01022024
IRS990/TotalAssetsGrp/BOYAmt01088596
IRS990/TotalAssetsGrp/EOYAmt01022024
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0152961
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt089700
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0173514
IRS990/TotalFunctionalExpensesGrp/TotalAmt0263214
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01427355
IRS990/TotalLiabilitiesEOYAmt01440534
IRS990/TotalLiabilitiesGrp/BOYAmt01427355
IRS990/TotalLiabilitiesGrp/EOYAmt01440534
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-338759
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-418510
IRS990/TotalProgramServiceExpensesAmt0173514
IRS990/TotalProgramServiceRevenueAmt030136
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030502
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0183463
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01088596
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01022024
IRS990/TravelGrp/ProgramServicesAmt0598
IRS990/TravelGrp/TotalAmt0598
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$1.46$0.43$0.19$0.20$0.01
2020Detailed filing. Detailed filing data is available for this year.$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