Civic Intelligence

Inez Apartments Inc.

990 • Fiscal year 2023 • EIN 20-1835268

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 29, 2023

Organization Profile
110 Resource CourtPrestonsburg, KY 41653

(606) 683-3100

Siviq Scores

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

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

49th percentile

0.08x

Higher debt load relative to revenue than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

7th percentile

-48%

Higher net margin than 7% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

23rd percentile

-4.1%

Faster asset growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

51st percentile

7.3%

Faster revenue growth than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$1,505,472

Down $63,663 (-4.1%) from 2022

Net Assets

Down

$1,494,638

Down $66,179 (-4.2%) from 2022

Liabilities

Up

$10,834

Up $2,516 (+30%) from 2022

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin7th percentile

Revenue

Up

$136,658

Up $9,285 (+7.3%) from 2022

Expenses

Up

$202,837

Up $25,985 (+15%) from 2022

Net Income

Down

-$66,179

Down $16,700 (-34%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,085,743Liabilities 2011: $7,227Net Assets 2011: $2,078,5162011Assets 2012: $2,049,794Liabilities 2012: $14,431Net Assets 2012: $2,035,3632012Assets 2013: $1,994,946Liabilities 2013: $10,239Net Assets 2013: $1,984,7072013Assets 2014: $1,948,803Liabilities 2014: $14,048Net Assets 2014: $1,934,7552014Assets 2015: $1,902,406Liabilities 2015: $14,423Net Assets 2015: $1,887,9812015Assets 2016: $1,844,821Liabilities 2016: $16,866Net Assets 2016: $1,827,9552016Assets 2017: $1,797,722Liabilities 2017: $18,122Net Assets 2017: $1,779,6002017Assets 2018: $1,758,247Liabilities 2018: $15,087Net Assets 2018: $1,743,1602018Assets 2019: $1,720,510Liabilities 2019: $17,391Net Assets 2019: $1,703,1192019Assets 2020: $1,658,371Liabilities 2020: $9,945Net Assets 2020: $1,648,4262020Assets 2021: $1,617,861Liabilities 2021: $7,567Net Assets 2021: $1,610,2942021Assets 2022: $1,569,135Liabilities 2022: $8,318Net Assets 2022: $1,560,8172022Assets 2023: $1,505,472Liabilities 2023: $10,834Net Assets 2023: $1,494,6382023Assets 2024: $1,461,082Liabilities 2024: $12,748Net Assets 2024: $1,448,3342024

Highlighted filing

2023

Assets$1,505,472
Liabilities$10,834
Net Assets$1,494,638
Open 2023 Filing

Operations Trend

Revenue Growth51st percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $89,621Expenses 2011: $127,144Net Income 2011: -$37,5232011Revenue 2012: $104,303Expenses 2012: $140,981Net Income 2012: -$36,6782012Revenue 2013: $98,219Expenses 2013: $148,875Net Income 2013: -$50,6562013Revenue 2014: $95,745Expenses 2014: $145,698Net Income 2014: -$49,9532014Revenue 2015: $108,697Expenses 2015: $155,469Net Income 2015: -$46,7722015Revenue 2016: $117,224Expenses 2016: $177,250Net Income 2016: -$60,0262016Revenue 2017: $109,990Expenses 2017: $158,345Net Income 2017: -$48,3552017Revenue 2018: $117,500Expenses 2018: $153,940Net Income 2018: -$36,4402018Revenue 2019: $120,256Expenses 2019: $160,297Net Income 2019: -$40,0412019Revenue 2020: $115,202Expenses 2020: $169,895Net Income 2020: -$54,6932020Revenue 2021: $137,779Expenses 2021: $175,911Net Income 2021: -$38,1322021Revenue 2022: $127,373Expenses 2022: $176,852Net Income 2022: -$49,4792022Revenue 2023: $136,658Expenses 2023: $202,837Net Income 2023: -$66,1792023Revenue 2024: $142,672Expenses 2024: $188,975Net Income 2024: -$46,3032024

Highlighted filing

2023

Revenue$136,658
Expenses$202,837
Net Income-$66,179
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 29, 2023
Return Version
2022v5.0
Gross Receipts
$136,658
Mission and Program Overview

Mission

To provide low income housing to senior citizens

Provided housing for low income elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,403,094$1,350,280▼ $52,814
Savings and Temporary Cash Investments$163,681$148,942▼ $14,739
Cash and Non-Interest-Bearing Accounts$1,234$5,104▲ $3,870
Prepaid Expenses and Deferred Charges$1,126$1,146▲ $20
Total Assets$1,569,135$1,505,472▼ $63,663
Liabilities
Other Liabilities$6,885$6,319▼ $566
Accounts Payable and Accrued Expenses$1,433$4,515▲ $3,082
Total Liabilities$8,318$10,834▲ $2,516
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,257,525$2,257,525→ $0
Net Assets Without Donor Restrictions$-696,708$-762,887▼ $66,179
Total Net Assets Fund Balance$1,560,817$1,494,638▼ $66,179
Total Liabilities and Net Assets / Fund Balance$1,569,135$1,505,472▼ $63,663

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,230,267$825,579$2,055,846
Land$120,013-$120,013
Equipment-$29,146$29,146
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
James ButlerPresident
Eric RatliffSec/treas
Diane ThackerVP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$134,809
Investment Income
$1,849
Other Revenue
$0
Change in Net Assets
$-66,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$163,364
Salaries, Compensation, and Employee Benefits$39,473
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$52,814--$52,814
Other Salaries and Wages$36,155--$36,155
All Other Expenses$18,329--$18,329
Fees for Services Management$15,392--$15,392
Insurance$6,856--$6,856
Office Expenses$5,482--$5,482
Fees for Services Accounting$4,800--$4,800
Other Expenses$4,600--$4,600
Payroll Taxes$3,318--$3,318
Advertising$2,828--$2,828
Travel$1,617--$1,617
Total Functional Expenses$202,837$0$0$202,837
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenants Security Deposits$6,319
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
Yes

Governance Explanations

Part VI Section B Line 11B

“A copy of the tax return is emailed to the accountant for the management company and to the board president who reviews it with the board, approves and signs the return.”

Part VI Section B Line 12C

“The board and management company monitor by reviewing transactions and hud approval is obtained before any disbursements are made toknown related parties”

Part VI Secton C Line 19

“All govening documents are made available upon written request and all meetings are open to the public”

Filing and Contact Details

Filer

Filer Name
Inez Apartments Inc
EIN
20-1835268
Address
110 RESOURCE COURT, Prestonsburg, KY 41653

Signing Officer

Name
Eric Ratliff
Title
Sec/treas
Phone
6066833100
Signed
2023-11-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane Thacker
Formed
2004
Legal Domicile
Ky
Voting Board Members
5
Independent Board Members
5
Employees
4

Preparer

Firm
Morgan and Associates LLC
Address
749 BROADWAY STREET, WEST LIBERTY, KY 41472
Preparer
Brenda K Morgan CPA
Phone
6067431884
Raw XML Appendix342 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01433
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04515
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDED HOUSING FOR LOW INCOME ELDERLY
IRS990/AdvertisingGrp/ProgramServicesAmt02828
IRS990/AdvertisingGrp/TotalAmt02828
IRS990/AllOtherExpensesGrp/ProgramServicesAmt018329
IRS990/AllOtherExpensesGrp/TotalAmt018329
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0MADONNA SKAGGS
IRS990/BooksInCareOfDetail/PhoneNum06066833100
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0396 CAVE RUN RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0SALT LICK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd040371
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01234
IRS990/CashNonInterestBearingGrp/EOYAmt05104
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01849
IRS990/CYOtherExpensesAmt0163364
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0134809
IRS990/CYRevenuesLessExpensesAmt0-66179
IRS990/CYSalariesCompEmpBnftPaidAmt039473
IRS990/CYTotalExpensesAmt0202837
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0136658
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt052814
IRS990/DepreciationDepletionGrp/TotalAmt052814
IRS990/Desc0PROVIDED 24 LOW INCOME HOUSING UNITES TO SENIOR CITIZENS
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt02257525
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt02257525
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/ExpenseAmt0202837
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt04800
IRS990/FeesForServicesAccountingGrp/TotalAmt04800
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt015392
IRS990/FeesForServicesManagementGrp/TotalAmt015392
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES BUTLER
IRS990/Form990PartVIISectionAGrp/PersonNm1DIANE THACKER
IRS990/Form990PartVIISectionAGrp/PersonNm2ERIC RATLIFF
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP
IRS990/Form990PartVIISectionAGrp/TitleTxt2SEC/TREAS
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0136658
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt06856
IRS990/InsuranceGrp/TotalAmt06856
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01849
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01849
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0854725
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01403094
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01350280
IRS990/LandBldgEquipCostOrOtherBssAmt02205005
IRS990/LegalDomicileStateCd0KY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE LOW INCOME HOUSING TO SENIOR CITIZENS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01560817
IRS990/NetAssetsOrFundBalancesEOYAmt01494638
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-696708
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-762887
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt05482
IRS990/OfficeExpensesGrp/TotalAmt05482
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0LICENSE, FEES &PERMIT
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2WORKERS COMP
IRS990/OtherExpensesGrp/Desc3AUDITING
IRS990/OtherExpensesGrp/ProgramServicesAmt0650
IRS990/OtherExpensesGrp/ProgramServicesAmt149342
IRS990/OtherExpensesGrp/ProgramServicesAmt2654
IRS990/OtherExpensesGrp/ProgramServicesAmt34600
IRS990/OtherExpensesGrp/TotalAmt0650
IRS990/OtherExpensesGrp/TotalAmt149342
IRS990/OtherExpensesGrp/TotalAmt2654
IRS990/OtherExpensesGrp/TotalAmt34600
IRS990/OtherLiabilitiesGrp/BOYAmt06885
IRS990/OtherLiabilitiesGrp/EOYAmt06319
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt036155
IRS990/OtherSalariesAndWagesGrp/TotalAmt036155
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt03318
IRS990/PayrollTaxesGrp/TotalAmt03318
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01126
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01146
IRS990/PrincipalOfficerNm0DIANE THACKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0134809
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0134809
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0518
IRS990/PYOtherExpensesAmt0148380
IRS990/PYProgramServiceRevenueAmt0126855
IRS990/PYRevenuesLessExpensesAmt0-49479
IRS990/PYSalariesCompEmpBnftPaidAmt028472
IRS990/PYTotalExpensesAmt0176852
IRS990/PYTotalRevenueAmt0127373
IRS990/ReconcilationRevenueExpnssAmt0-66179
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0163681
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0148942
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt09552
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09552
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01849
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0518
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01702
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01205
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01308
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06582
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0134809
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0126855
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0126525
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0113997
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0118948
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0621134
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01849
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0518
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01702
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01205
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01308
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06582
IRS990ScheduleA/InvestmentIncomeCYPct00.01030
IRS990ScheduleA/InvestmentIncomePYPct00.00970
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98970
IRS990ScheduleA/PublicSupportPY509Pct00.99030
IRS990ScheduleA/PublicSupportTotal509Amt0630686
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0134809
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0126855
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0136077
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0113997
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0118948
IRS990ScheduleA/Total509Grp/TotalAmt0630686
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0136658
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0127373
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0137779
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0115202
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0120256
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0637268
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01230267
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0825579
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02055846
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029146
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029146
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0120013
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0120013
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01350280
IRS990ScheduleD/TotalLiabilityAmt06319
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE TAX RETURN IS EMAILED TO THE ACCOUNTANT FOR THE MANAGEMENT COMPANY AND TO THE BOARD PRESIDENT WHO REVIEWS IT WITH THE BOARD, APPROVES AND SIGNS THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD AND MANAGEMENT COMPANY MONITOR BY REVIEWING TRANSACTIONS AND HUD APPROVAL IS OBTAINED BEFORE ANY DISBURSEMENTS ARE MADE TOKNOWN RELATED PARTIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVENING DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST AND ALL MEETINGS ARE OPEN TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI SECTION B LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI SECTION B LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI SECTON C LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01569135
IRS990/TotalAssetsEOYAmt01505472
IRS990/TotalAssetsGrp/BOYAmt01569135
IRS990/TotalAssetsGrp/EOYAmt01505472
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0202837
IRS990/TotalFunctionalExpensesGrp/TotalAmt0202837
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08318
IRS990/TotalLiabilitiesEOYAmt010834
IRS990/TotalLiabilitiesGrp/BOYAmt08318
IRS990/TotalLiabilitiesGrp/EOYAmt010834
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01560817
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01494638
IRS990/TotalOtherProgSrvcRevenueAmt0136659
IRS990/TotalProgramServiceExpensesAmt0202837
IRS990/TotalProgramServiceRevenueAmt0134809
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0136658
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0136658
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01569135
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01505472
IRS990/TravelGrp/ProgramServicesAmt01617
IRS990/TravelGrp/TotalAmt01617
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0110 Resource Court
IRS990/USAddress/CityNm0PRESTONSBURG
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd041653
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC RATLIFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SEC/TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum06066833100
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INEZ APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0INEZ
ReturnHeader/Filer/EIN0201835268
ReturnHeader/Filer/USAddress/AddressLine1Txt0110 RESOURCE COURT
ReturnHeader/Filer/USAddress/CityNm0Prestonsburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd041653
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320034770
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MORGAN AND ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0749 BROADWAY STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST LIBERTY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd041472
ReturnHeader/PreparerPersonGrp/PhoneNum06067431884
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENDA K MORGAN CPA
ReturnHeader/ReturnTs02024-01-31T17:02:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ERIC
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RATLIFF
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,505,472
Liabilities
$10,834
Net assets
$1,494,638
Revenue
$136,658
Expenses
$202,837
Net income
-$66,179
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.46$0.01$1.45$0.14$0.19$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.51$0.01$1.49$0.14$0.20$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.57$0.01$1.56$0.13$0.18$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.62$0.01$1.61$0.14$0.18$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.66$0.01$1.65$0.12$0.17$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.72$0.02$1.70$0.12$0.16$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.76$0.02$1.74$0.12$0.15$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.80$0.02$1.78$0.11$0.16$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.84$0.02$1.83$0.12$0.18$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.90$0.01$1.89$0.11$0.16$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.95$0.01$1.93$0.10$0.15$0.05
2013Summary only. Only limited summary data is available for this year.$1.99$0.01$1.98$0.10$0.15$0.05
2012Summary only. Only limited summary data is available for this year.$2.05$0.01$2.04$0.10$0.14$0.04
2011Summary only. Only limited summary data is available for this year.$2.09$0.01$2.08$0.09$0.13$0.04