Civic Intelligence

Presbyterian Oaks III Incorporated

EIN 20-4481177 • 501(c)3 • Talladega, AL

Pub. 78 Eligible

Profile

To provide low income housing opportunities for the elderly population of talladega, alabama.

23 Ironaton RdTalladega, AL 35160

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.53x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

98th percentile

11.11x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

33rd percentile

-1.7%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,300,467

Down $22,675 (-1.7%) from 2024

Liabilities

Down

$1,990,069

Down $408 (-0.0%) from 2024

Net Assets

Down

-$689,602

Down $22,267 (-3.3%) from 2024

Revenue

Up

$179,185

Up $17,896 (+11%) from 2024

Expenses

Down

$201,452

Down $424 (-0.2%) from 2024

Net Income

Up

-$22,267

Up $18,320 (+45%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $1,854,320Liabilities 2012: $1,993,810Net Assets 2012: -$139,4902012Assets 2013: $1,802,464Liabilities 2013: $1,987,021Net Assets 2013: -$184,5572013Assets 2014: $1,749,107Liabilities 2014: $2,003,660Net Assets 2014: -$254,5532014Assets 2015: $1,706,793Liabilities 2015: $1,992,537Net Assets 2015: -$285,7442015Assets 2016: $1,662,806Liabilities 2016: $1,985,546Net Assets 2016: -$322,7402016Assets 2017: $1,620,703Liabilities 2017: $1,988,054Net Assets 2017: -$367,3512017Assets 2018: $1,571,441Liabilities 2018: $2,008,189Net Assets 2018: -$436,7482018Assets 2019: $1,515,161Liabilities 2019: $1,990,497Net Assets 2019: -$475,3362019Assets 2020: $1,464,275Liabilities 2020: $1,987,753Net Assets 2020: -$523,4782020Assets 2021: $1,451,384Liabilities 2021: $2,002,102Net Assets 2021: -$550,7182021Assets 2022: $1,401,332Liabilities 2022: $1,986,851Net Assets 2022: -$585,5192022Assets 2023: $1,362,280Liabilities 2023: $1,989,028Net Assets 2023: -$626,7482023Assets 2024: $1,323,142Liabilities 2024: $1,990,477Net Assets 2024: -$667,3352024Assets 2025: $1,300,467Liabilities 2025: $1,990,069Net Assets 2025: -$689,6022025

Highlighted filing

2025

Assets$1,300,467
Liabilities$1,990,069
Net Assets-$689,602

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2012: $83,801Expenses 2012: $130,162Net Income 2012: -$46,3612012Revenue 2013: $87,822Expenses 2013: $132,889Net Income 2013: -$45,0672013Revenue 2014: $90,685Expenses 2014: $160,681Net Income 2014: -$69,9962014Revenue 2015: $110,676Expenses 2015: $141,867Net Income 2015: -$31,1912015Revenue 2016: $119,743Expenses 2016: $156,739Net Income 2016: -$36,9962016Revenue 2017: $119,646Expenses 2017: $164,257Net Income 2017: -$44,6112017Revenue 2018: $106,296Expenses 2018: $175,693Net Income 2018: -$69,3972018Revenue 2019: $132,389Expenses 2019: $170,977Net Income 2019: -$38,5882019Revenue 2020: $136,457Expenses 2020: $184,599Net Income 2020: -$48,1422020Revenue 2021: $149,813Expenses 2021: $177,053Net Income 2021: -$27,2402021Revenue 2022: $145,504Expenses 2022: $180,305Net Income 2022: -$34,8012022Revenue 2023: $153,700Expenses 2023: $194,929Net Income 2023: -$41,2292023Revenue 2024: $161,289Expenses 2024: $201,876Net Income 2024: -$40,5872024Revenue 2025: $179,185Expenses 2025: $201,452Net Income 2025: -$22,2672025

Highlighted filing

2025

Revenue$179,185
Expenses$201,452
Net Income-$22,267

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.30$1.99$0.69$0.18$0.20$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.32$1.99$0.67$0.16$0.20$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.36$1.99$0.63$0.15$0.19$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.40$1.99$0.59$0.15$0.18$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.45$2.00$0.55$0.15$0.18$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.46$1.99$0.52$0.14$0.18$0.05
2019Summary only. Only limited summary data is available for this year.$1.52$1.99$0.48$0.13$0.17$0.04
2018Summary only. Only limited summary data is available for this year.$1.57$2.01$0.44$0.11$0.18$0.07
2017Summary only. Only limited summary data is available for this year.$1.62$1.99$0.37$0.12$0.16$0.04
2016Summary only. Only limited summary data is available for this year.$1.66$1.99$0.32$0.12$0.16$0.04
2015Summary only. Only limited summary data is available for this year.$1.71$1.99$0.29$0.11$0.14$0.03
2014Summary only. Only limited summary data is available for this year.$1.75$2.00$0.25$0.09$0.16$0.07
2013Summary only. Only limited summary data is available for this year.$1.80$1.99$0.18$0.09$0.13$0.05
2012Summary only. Only limited summary data is available for this year.$1.85$1.99$0.14$0.08$0.13$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Jan 15, 2026
Return Version
2024v5.0
Gross Receipts
$179,185
Mission and Program Overview

Mission

To provide low income housing opportunities for the elderly population of talladega, alabama.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,209,144$1,159,135▼ $50,009
Prepaid Expenses and Deferred Charges$10,197$7,991▼ $2,206
Cash and Non-Interest-Bearing Accounts$2,972$4,755▲ $1,783
Accounts Receivable$104$104→ $0
Total Assets$1,323,142$1,300,467▼ $22,675
Other Assets Total$100,725$128,482▲ $27,757
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,973,200$1,973,200→ $0
Accounts Payable and Accrued Expenses$11,511$11,362▼ $149
Other Liabilities$5,487$5,368▼ $119
Deferred Revenue$279$139▼ $140
Total Liabilities$1,990,477$1,990,069▼ $408
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-667,335$-689,602▼ $22,267
Total Net Assets Fund Balance$-667,335$-689,602▼ $22,267
Total Liabilities and Net Assets / Fund Balance$1,323,142$1,300,467▼ $22,675

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,109,135$793,072$1,902,207
Land$50,000-$50,000
Other Assets Org$5,368--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Jimmy DavisPresident
Cathe JacobsBoard Member
Dale WallerBoard Member
Dede ElliotBoard Member
Leann ScarbroughBoard Member
Millie ChastainBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$179,005
Investment Income
$180
Other Revenue
$0
Change in Net Assets
$-22,267
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$171,837
Salaries, Compensation, and Employee Benefits$29,615
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$50,009--$50,009
Other Salaries and Wages$23,847--$23,847
Occupancy$22,737--$22,737
Fees for Services Management-$20,834-$20,834
Insurance$15,059--$15,059
Office Expenses$8,468--$8,468
Fees for Services Accounting$1,512$6,500-$8,012
Other Employee Benefits$4,042--$4,042
Payroll Taxes$1,726--$1,726
Other Expenses$1,462--$1,462
Advertising$391--$391
Conferences and Meetings$203--$203
Fees for Services Legal$33--$33
Total Functional Expenses$174,118$27,334$0$201,452
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
Tenant Security Deposits$5,368
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Presbyterian Oaks Iii Inc
EIN
20-4481177
Phone
2059301020
Address
23 IRONATON RD, TALLADEGA, AL 35160

Signing Officer

Name
Dr Jimmy Davis
Title
President
Phone
2059301020
Signed
2026-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Jimmy Davis
Formed
2006
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Lenahan Smith & Bargiachi Pc
Address
1080 BROOKFIELD RD, MEMPHIS, TN 38119
Preparer
Charles J Hallberg Iii CPA
Phone
9016841100
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0149680
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IRS990ScheduleD/BuildingsGrp/BookValueAmt01109135
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0793072
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01902207
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0100789
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt122325
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt25368
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05368
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0174118
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201452
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt01990069
IRS990/TotalLiabilitiesGrp/BOYAmt01990477
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IRS990/TotalProgramServiceExpensesAmt0174118
IRS990/TotalProgramServiceRevenueAmt0179005
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0179185
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0179185
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01323142
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/USAddress/AddressLine1Txt023 IRONATON RD
IRS990/USAddress/CityNm0TALLADEGA
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035160
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR JIMMY DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02059301020
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRESBYTERIAN OAKS III INC
ReturnHeader/Filer/BusinessNameControlTxt0PRES
ReturnHeader/Filer/EIN0204481177
ReturnHeader/Filer/PhoneNum02059301020
ReturnHeader/Filer/USAddress/AddressLine1Txt023 IRONATON RD
ReturnHeader/Filer/USAddress/CityNm0TALLADEGA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035160
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621422748
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LENAHAN SMITH & BARGIACHI PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01080 BROOKFIELD RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038119
ReturnHeader/PreparerPersonGrp/PhoneNum09016841100
ReturnHeader/PreparerPersonGrp/PreparationDt02026-01-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES J HALLBERG III CPA
ReturnHeader/ReturnTs02026-02-02T09:53:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-04-01
ReturnHeader/TaxPeriodEndDt02025-03-31
ReturnHeader/TaxYr02024

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