Civic Intelligence

John Sparks Manor Inc

990 • Fiscal year 2018 • EIN 20-2873916

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 21, 2019

7350 Lester RoadUnion City, GA 30291-2338

(770) 964-3301

Siviq Scores

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

Liabilities / Assets

98th percentile

1.87x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

2.93x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$258,873

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 27.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

57th percentile

3.0%

Faster asset growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

48th percentile

3.2%

Faster revenue growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,487,758

Up $43,250 (+3.0%) from 2017

Net Assets

Up

-$1,298,952

Up $130,846 (+9.2%) from 2017

Liabilities

Down

$2,786,710

Down $87,596 (-3.0%) from 2017

Revenue

Up

$949,963

Up $29,084 (+3.2%) from 2017

Expenses

Down

$819,117

Down $125,467 (-13%) from 2017

Net Income

Up

$130,846

Up $154,551 (+652%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $1,429,048Liabilities 2011: $3,109,407Net Assets 2011: -$1,680,3592011Assets 2012: $1,411,267Liabilities 2012: $3,025,428Net Assets 2012: -$1,614,1612012Assets 2013: $1,384,232Liabilities 2013: $2,989,324Net Assets 2013: -$1,605,0922013Assets 2014: $1,360,241Liabilities 2014: $2,919,686Net Assets 2014: -$1,559,4452014Assets 2015: $1,423,383Liabilities 2015: $2,922,791Net Assets 2015: -$1,499,4082015Assets 2016: $1,541,598Liabilities 2016: $2,947,691Net Assets 2016: -$1,406,0932016Assets 2017: $1,444,508Liabilities 2017: $2,874,306Net Assets 2017: -$1,429,7982017Assets 2018: $1,487,758Liabilities 2018: $2,786,710Net Assets 2018: -$1,298,9522018Assets 2019: $1,519,130Liabilities 2019: $2,667,499Net Assets 2019: -$1,148,3692019Assets 2020: $1,565,116Liabilities 2020: $2,621,444Net Assets 2020: -$1,056,3282020Assets 2021: $1,631,955Liabilities 2021: $2,131,046Net Assets 2021: -$499,0912021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2018

Assets$1,487,758
Liabilities$2,786,710
Net Assets-$1,298,952

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $803,8672011Revenue 2012: $855,526Expenses 2012: $789,328Net Income 2012: $66,1982012Expenses 2013: $835,7942013Revenue 2014: $899,696Expenses 2014: $854,049Net Income 2014: $45,6472014Revenue 2015: $867,035Expenses 2015: $806,998Net Income 2015: $60,0372015Revenue 2016: $922,806Expenses 2016: $829,495Net Income 2016: $93,3112016Revenue 2017: $920,879Expenses 2017: $944,584Net Income 2017: -$23,7052017Revenue 2018: $949,963Expenses 2018: $819,117Net Income 2018: $130,8462018Revenue 2019: $948,738Expenses 2019: $798,155Net Income 2019: $150,5832019Revenue 2020: $996,396Expenses 2020: $904,355Net Income 2020: $92,0412020Revenue 2021: $1,336,958Expenses 2021: $779,721Net Income 2021: $557,2372021Revenue 2022: $5,675,234Expenses 2022: $5,176,143Net Income 2022: $499,0912022

Highlighted filing

2018

Revenue$949,963
Expenses$819,117
Net Income$130,846
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 21, 2019
Return Version
2017v2.3
Gross Receipts
$949,963
Mission and Program Overview

Mission

To operate an 84 unit retirement apartment complex for the elderly and qualified low income residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$782,007$795,237▲ $13,230
Savings and Temporary Cash Investments$417,659$460,404▲ $42,745
Cash and Non-Interest-Bearing Accounts$161,351$144,492▼ $16,859
Accounts Receivable$40,728$43,841▲ $3,113
Prepaid Expenses and Deferred Charges$5,764$5,544▼ $220
Total Assets$1,444,508$1,487,758▲ $43,250
Other Assets Total$36,999$38,240▲ $1,241
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,479,547$2,390,117▼ $89,430
Other Liabilities$284,741$309,582▲ $24,841
Accounts Payable and Accrued Expenses$110,018$87,011▼ $23,007
Total Liabilities$2,874,306$2,786,710▼ $87,596
Net Assets / Fund Balance
Unrestricted Net Assets$-1,429,798$-1,298,952▲ $130,846
Total Net Assets Fund Balance$-1,429,798$-1,298,952▲ $130,846
Total Liabilities and Net Assets / Fund Balance$1,444,508$1,487,758▲ $43,250

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$694,609$3,774,533$4,469,142
Equipment$82,828$190,916$273,744
Land$11,000-$11,000
Other Land Buildings$6,800-$6,800
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$75,692
Program Service Revenue
$867,860
Investment Income
$433
Other Revenue
$5,978
Change in Net Assets
$130,846

Audited Revenue Reconciliation

Revenue per Audited Statements
$949,963
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$949,963
Total Revenue per Form 990
$949,963
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$646,438
Salaries, Compensation, and Employee Benefits$172,679
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$208,255--$208,255
Fees for Services Other$110,388$36,499-$146,887
Other Salaries and Wages$145,347--$145,347
Depreciation Depletion$104,390--$104,390
Insurance$11,307$31,630-$42,937
Fees for Services Management-$38,065-$38,065
Other Employee Benefits$18,375--$18,375
Payroll Taxes$8,957--$8,957
Interest$8,168--$8,168
Office Expenses$5,679$2,392-$8,071
Other Expenses$4,011$1,840-$1,840
Advertising$469--$469
Travel-$73-$73
Fees for Services Accounting-$-30-$-30
Total Functional Expenses$703,600$115,517$0$819,117

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$819,117
Total Expenses per Audited Statements$819,117
Total Expenses per Form 990$819,117
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Other Entities$283,942
Resident Security Deposits$25,640
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The project has entered into a long-term contract with pruitthealth to provide certain management, finance, accounting, data processing, personnel, and other administrative services through june 30, 2029.

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

Members of the finance committee were emailed a copy of the form 990 to review prior to its filing.

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

The members of the board of trustees are required to disclose any conflicts of interest either when they arise or at the next board meeting.

Form 990, Part VI, Section B, Line 15

Salary for the ceo and any key employees is paid by a related organization. The ceo and any key employees compensation is approved by a compensation committee of the board of trustees. Comparison to industry data sources are used for pay comparability.

Form 990, Part VI, Section C, Line 19

Financial statements, tax returns, governing documents, and conflict of interest policy are provided to the public upon request.

Filing and Contact Details

Filer

Filer Name
John Sparks Manor Inc
EIN
20-2873916
Phone
7709643301
Address
7350 LESTER ROAD, UNION CITY, GA 30291-2338

Signing Officer

Name
Leonard M Romano Sr
Title
CEO
Phone
7707032690
Signed
2019-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leonard M Romano Sr
Formed
2005
Legal Domicile
Ga
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
0

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 GALLERIA PKWY SE STE 1700, ATLANTA, GA 30339-5946
Preparer
Bob Heuel
Phone
7709558600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract services-admin-general: program service expenses 49,553. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,553. Shared services: program service expenses 9,125. Management and general expenses 36,499. Fundraising expenses 0. Total expenses 45,624. Service coordinator: program service expenses 51,710. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,710.

990 Part XII, Line 2C

No change from prior year

Financial Statement Notes

PART X, LINE 2:

The project recognizes the financial statement effects from a tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the project and various positions related to the potential sources of unrelated business taxable income (ubti). The assessment of the technical merits of a tax position is a matter of judgment. The project believes that all its tax positions are more likely than not to be sustained upon examination.

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