Civic Intelligence

Primrose Properties Inc

990 • Fiscal year 2019 • EIN 20-1425348

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 06, 2019

2733 South Ferncreek AvenueOrlando, FL 32806

(407) 898-7201

Siviq Scores

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

Liabilities / Assets

51st percentile

0.13x

Higher debt load relative to assets than 51% of similar nonprofits.

2019 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

56th percentile

1.47x

Higher debt load relative to revenue than 56% of similar nonprofits.

2019 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2019

Net Margin

76th percentile

66%

Higher net margin than 76% of similar nonprofits.

2019 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

61st percentile

$84,000

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 27.6% of source-year revenue.

2019 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2019

Asset Growth

91st percentile

17%

Faster asset growth than 91% of similar nonprofits.

2019 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

53rd percentile

1.7%

Faster revenue growth than 53% of similar nonprofits.

2019 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$3,502,589

Up $500,547 (+17%) from 2018

Net Assets

Up

$3,055,455

Up $201,535 (+7.1%) from 2018

Liabilities

Up

$447,134

Up $299,012 (+202%) from 2018

Revenue

Up

$304,194

Up $5,068 (+1.7%) from 2018

Expenses

Down

$104,412

Down $35,985 (-26%) from 2018

Net Income

Up

$199,782

Up $41,053 (+26%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,881,914Liabilities 2011: $719,334Net Assets 2011: $1,162,5802011Assets 2012: $1,865,838Liabilities 2012: $695,291Net Assets 2012: $1,170,5472012Assets 2013: $1,921,710Liabilities 2013: $639,137Net Assets 2013: $1,282,5732013Assets 2014: $2,109,783Liabilities 2014: $614,207Net Assets 2014: $1,495,5762014Assets 2015: $2,446,294Liabilities 2015: $765,321Net Assets 2015: $1,680,9732015Assets 2016: $2,670,126Liabilities 2016: $189,008Net Assets 2016: $2,481,1182016Assets 2017: $2,932,935Liabilities 2017: $226,050Net Assets 2017: $2,706,8852017Assets 2018: $3,002,042Liabilities 2018: $148,122Net Assets 2018: $2,853,9202018Assets 2019: $3,502,589Liabilities 2019: $447,134Net Assets 2019: $3,055,4552019Assets 2020: $3,654,316Liabilities 2020: $434,178Net Assets 2020: $3,220,1382020Assets 2021: $3,889,006Liabilities 2021: $451,179Net Assets 2021: $3,437,8272021Assets 2022: $3,967,465Liabilities 2022: $430,797Net Assets 2022: $3,536,6682022Assets 2023: $4,765,039Liabilities 2023: $805,520Net Assets 2023: $3,959,5192023Assets 2024: $4,536,820Liabilities 2024: $409,749Net Assets 2024: $4,127,0712024Assets 2025: $5,052,479Liabilities 2025: $419,708Net Assets 2025: $4,632,7712025

Highlighted filing

2019

Assets$3,502,589
Liabilities$447,134
Net Assets$3,055,455

Operations Trend

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

$1.0M$500K$0Revenue 2011: $347,414Expenses 2011: $188,946Net Income 2011: $158,4682011Revenue 2012: $334,827Expenses 2012: $326,860Net Income 2012: $7,9672012Revenue 2013: $335,516Expenses 2013: $223,490Net Income 2013: $112,0262013Revenue 2014: $371,662Expenses 2014: $160,876Net Income 2014: $210,7862014Revenue 2015: $351,880Expenses 2015: $161,978Net Income 2015: $189,9022015Revenue 2016: $921,865Expenses 2016: $121,910Net Income 2016: $799,9552016Revenue 2017: $323,343Expenses 2017: $96,627Net Income 2017: $226,7162017Revenue 2018: $299,126Expenses 2018: $140,397Net Income 2018: $158,7292018Revenue 2019: $304,194Expenses 2019: $104,412Net Income 2019: $199,7822019Revenue 2020: $295,145Expenses 2020: $108,610Net Income 2020: $186,5352020Revenue 2021: $297,886Expenses 2021: $119,786Net Income 2021: $178,1002021Revenue 2022: $337,431Expenses 2022: $184,115Net Income 2022: $153,3162022Revenue 2023: $550,516Expenses 2023: $155,554Net Income 2023: $394,9622023Revenue 2024: $299,856Expenses 2024: $161,060Net Income 2024: $138,7962024Revenue 2025: $702,335Expenses 2025: $204,704Net Income 2025: $497,6312025

Highlighted filing

2019

Revenue$304,194
Expenses$104,412
Net Income$199,782
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 6, 2019
Return Version
2018v3.1
Gross Receipts
$304,194
Mission and Program Overview

Mission

To acquire, hold, and sell real and personal property used by primrose center, inc, a 501(c)(3) organization. Primrose properties, inc will also manage the property it holds for the benefit of primrose center, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,131,663$1,554,849▲ $423,186
Investments in Publicly Traded Securities$491,326$505,079▲ $13,753
Cash and Non-Interest-Bearing Accounts$442,428$335,398▼ $107,030
Accounts Receivable-$64,132-
Total Assets$3,002,042$3,502,589▲ $500,547
Other Assets Total$936,625$1,043,131▲ $106,506
Liabilities
Other Liabilities$146,368$440,411▲ $294,043
Accounts Payable and Accrued Expenses$1,754$6,723▲ $4,969
Total Liabilities$148,122$447,134▲ $299,012
Net Assets / Fund Balance
Unrestricted Net Assets$2,853,920$3,055,455▲ $201,535
Total Net Assets Fund Balance$2,853,920$3,055,455▲ $201,535
Total Liabilities and Net Assets / Fund Balance$3,002,042$3,502,589▲ $500,547

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,188,242$1,154,713$2,342,955
Land$366,607-$366,607
Other Assets Org$1,040,113--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
William MccormacCEOFT$84,000$84,000

Board Members and Trustees

NameTitle
Leslie NorthPresident
Ann ChongDirector
Helen GallowayDirector
Jeffery KiserDirector
Kara FrancoDirector
Lino ManceboDirector
Vicki GillettSecretary
Robert SchlotmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$282,708
Investment Income
$20,793
Other Revenue
$693
Change in Net Assets
$199,782

Audited Revenue Reconciliation

Revenue per Audited Statements
$304,194
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,753
Total Revenue per Audited Statements
$305,947
Total Revenue per Form 990
$304,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,412
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$91,595--$91,595
Interest$6,920--$6,920
Other Expenses$4,897--$4,897
Fees for Services Other-$1,000-$1,000
Total Functional Expenses$103,412$1,000$0$104,412

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$104,412
Total Expenses per Audited Statements$104,412
Total Expenses per Form 990$104,412
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Grant Awarded Unearned$300,000
Long Term Debt$140,411
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 is prepared by an independent cpa firm. Once prepared, form 990 is reviewed by management and upon satisfactory review, is submitted to the irs for filing.

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

Primrose center board of directors regularly monitors and enforces compliance with the conflict of interest policy through board meetings and reviews.

Form 990, Part VI, Section B, Line 15

The board of directors reviews and approves compensation for the executive director and top management using comparison data.

Form 990, Part VI, Section C, Line 19

Primrose properties makes its governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Primrose Properties Inc
EIN
20-1425348
Phone
4078987201
Address
2733 SOUTH FERNCREEK AVENUE, ORLANDO, FL 32806

Signing Officer

Name
Leslie North
Title
President
Phone
4078987201
Signed
2019-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leslie North
Formed
2004
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
64

Preparer

Firm
Mcdirmit Davis and Company LLC
Address
934 N MAGNOLIA AVE, ORLANDO, FL 32803
Preparer
Maria Novotny CPA
Phone
4078435406
Raw XML Appendix392 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/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. ONCE PREPARED, FORM 990 IS REVIEWED BY MANAGEMENT AND UPON SATISFACTORY REVIEW, IS SUBMITTED TO THE IRS FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIMROSE CENTER BOARD OF DIRECTORS REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH BOARD MEETINGS AND REVIEWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR AND TOP MANAGEMENT USING COMPARISON DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIMROSE PROPERTIES MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PRIMROSE CENTER INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0590699143
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE CARE, EDUCATION AND TRAINING FOR DEVELOPMENTALLY DISABLED ADULTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02733 S FERNCREEK AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ORLANDO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd032806
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0282708
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1201535
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FINANCIAL RECORDS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FINANCIAL RECORDS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PRIMROSE CENTER INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1PRIMROSE CENTER INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03002042
IRS990/TotalAssetsEOYAmt03502589
IRS990/TotalAssetsGrp/BOYAmt03002042
IRS990/TotalAssetsGrp/EOYAmt03502589
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0103412
IRS990/TotalFunctionalExpensesGrp/TotalAmt0104412
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0148122
IRS990/TotalLiabilitiesEOYAmt0447134
IRS990/TotalLiabilitiesGrp/BOYAmt0148122
IRS990/TotalLiabilitiesGrp/EOYAmt0447134
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02853920
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03055455
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0103412
IRS990/TotalProgramServiceRevenueAmt0282708
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt020793
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0283401
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0304194
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt064
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03002042
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03502589
IRS990/TotReportableCompRltdOrgAmt084000
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02853920
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03055455
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01738 WESTOVER RES BLVD
IRS990/USAddress/CityNm0WINDERMERE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034786
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LESLIE NORTH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04078987201
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRIMROSE PROPERTIES INC
ReturnHeader/Filer/BusinessNameControlTxt0PRIM
ReturnHeader/Filer/EIN0201425348
ReturnHeader/Filer/PhoneNum04078987201
ReturnHeader/Filer/USAddress/AddressLine1Txt02733 SOUTH FERNCREEK AVENUE
ReturnHeader/Filer/USAddress/CityNm0ORLANDO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032806
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0792C5F72466E1CC663A7A106264B0CF1E76F6C23
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.111.1.26
ReturnHeader/FilingSecurityInformation/IPDt02019-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm010:39:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260004117
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCDIRMIT DAVIS AND COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0934 N MAGNOLIA AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ORLANDO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032803
ReturnHeader/PreparerPersonGrp/PhoneNum04078435406
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIA NOVOTNY CPA
ReturnHeader/ReturnTs02019-11-11T10:37:58-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.05$0.42$4.63$0.70$0.20$0.50
2024Detailed filing. Detailed filing data is available for this year.$4.54$0.41$4.13$0.30$0.16$0.14
2023Detailed filing. Detailed filing data is available for this year.$4.77$0.81$3.96$0.55$0.16$0.39
2022Detailed filing. Detailed filing data is available for this year.$3.97$0.43$3.54$0.34$0.18$0.15
2021Detailed filing. Detailed filing data is available for this year.$3.89$0.45$3.44$0.30$0.12$0.18
2020Detailed filing. Detailed filing data is available for this year.$3.65$0.43$3.22$0.30$0.11$0.19
2019Detailed filing. Detailed filing data is available for this year.$3.50$0.45$3.06$0.30$0.10$0.20
2018Detailed filing. Detailed filing data is available for this year.$3.00$0.15$2.85$0.30$0.14$0.16
2017Summary only. Only limited summary data is available for this year.$2.93$0.23$2.71$0.32$0.10$0.23
2016Summary only. Only limited summary data is available for this year.$2.67$0.19$2.48$0.92$0.12$0.80
2015Summary only. Only limited summary data is available for this year.$2.45$0.77$1.68$0.35$0.16$0.19
2014Summary only. Only limited summary data is available for this year.$2.11$0.61$1.50$0.37$0.16$0.21
2013Summary only. Only limited summary data is available for this year.$1.92$0.64$1.28$0.34$0.22$0.11
2012Summary only. Only limited summary data is available for this year.$1.87$0.70$1.17$0.33$0.33$0.01
2011Summary only. Only limited summary data is available for this year.$1.88$0.72$1.16$0.35$0.19$0.16