Civic Intelligence

Webster Development Fund Inc Webster Development Fund Inc

990 • Fiscal year 2014 • EIN 20-5413853

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 15, 2015

Organization ProfileN/A
PO Box 155Springhill, LA 71075

(318) 539-9378

Siviq Scores

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

Liabilities / Assets

90th percentile

0.93x

Higher debt load relative to assets than 90% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

100th percentile

5280%

Higher net margin than 100% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

15th percentile

-7.4%

Faster asset growth than 15% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$1,814,584

Down $144,901 (-7.4%) from 2013

Net Assets

Down

$126,051

Down $106,029 (-46%) from 2013

Liabilities

Down

$1,688,533

Down $38,872 (-2.3%) from 2013

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$2,008

Down $19,409 (-112%) from 2013

Expenses

Up

$104,021

Up $16,374 (+19%) from 2013

Net Income

Down

-$106,029

Down $35,783 (-51%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,250,196Liabilities 2011: $897,044Net Assets 2011: $353,1522011Assets 2012: $1,969,614Liabilities 2012: $1,667,288Net Assets 2012: $302,3262012Assets 2013: $1,959,485Liabilities 2013: $1,727,405Net Assets 2013: $232,0802013Assets 2014: $1,814,584Liabilities 2014: $1,688,533Net Assets 2014: $126,0512014Assets 2015: $1,795,426Liabilities 2015: $1,714,507Net Assets 2015: $80,9192015Assets 2016: $1,690,661Liabilities 2016: $1,675,240Net Assets 2016: $15,4212016Assets 2017: $1,551,427Liabilities 2017: $1,510,136Net Assets 2017: $41,2912017Assets 2018: $1,473,362Liabilities 2018: $0Net Assets 2018: $1,473,3622018Assets 2019: $1,377,142Liabilities 2019: $1,354,019Net Assets 2019: $23,1232019Assets 2020: $1,302,756Liabilities 2020: $1,180,860Net Assets 2020: $121,8962020Assets 2021: $1,349,852Liabilities 2021: $1,190,592Net Assets 2021: $159,2602021Assets 2022: $1,208,231Liabilities 2022: $1,099,785Net Assets 2022: $108,4462022Assets 2023: $1,146,289Liabilities 2023: $1,033,378Net Assets 2023: $112,9112023Assets 2025: $1,221,936Liabilities 2025: $1,112,103Net Assets 2025: $109,8332025

Highlighted filing

2014

Assets$1,814,584
Liabilities$1,688,533
Net Assets$126,051
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$100K$0-$100K-$200KRevenue 2011: $18,146Expenses 2011: $31,382Net Income 2011: -$13,2362011Expenses 2012: $56,6272012Revenue 2013: $17,401Expenses 2013: $87,647Net Income 2013: -$70,2462013Revenue 2014: -$2,008Expenses 2014: $104,021Net Income 2014: -$106,0292014Revenue 2015: $19,883Expenses 2015: $65,015Net Income 2015: -$45,1322015Revenue 2016: $1,662Expenses 2016: $67,160Net Income 2016: -$65,4982016Revenue 2017: $12,655Expenses 2017: $79,617Net Income 2017: -$66,9622017Revenue 2018: $1,285Expenses 2018: $29,387Net Income 2018: -$28,1022018Revenue 2019: $0Expenses 2019: $32,420Net Income 2019: -$32,4202019Revenue 2020: $0Expenses 2020: $36,464Net Income 2020: -$36,4642020Revenue 2021: $0Expenses 2021: $32,668Net Income 2021: -$32,6682021Revenue 2022: $0Expenses 2022: $50,814Net Income 2022: -$50,8142022Revenue 2023: $0Expenses 2023: $51,250Net Income 2023: -$51,2502023Revenue 2025: $0Expenses 2025: $69,069Net Income 2025: -$69,0692025

Highlighted filing

2014

Revenue-$2,008
Expenses$104,021
Net Income-$106,029
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 15, 2015
Return Version
2014v5.0
Gross Receipts
$48,199
Mission and Program Overview

Mission

To process mortgages for the Fuller Center of Webster, Inc. for low income families

Solicit Funds and Purchase and Hold Mortgages for the Fuller Center of Webster, Inc.,a non-profit organization that provides affordable housing for low income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$62,207$15,000▼ $47,207
Cash and Non-Interest-Bearing Accounts$14,458$8,687▼ $5,771
Total Assets$1,959,485$1,814,584▼ $144,901
Other Assets Total$1,882,820$1,790,897▼ $91,923
Liabilities
Accounts Payable and Accrued Expenses$1,654,661$1,622,989▼ $31,672
Mortgage Notes Payable Secured by Investment Property$72,744$65,544▼ $7,200
Total Liabilities$1,727,405$1,688,533▼ $38,872
Net Assets / Fund Balance
Unrestricted Net Assets$232,080$126,051▼ $106,029
Total Net Assets Fund Balance$232,080$126,051▼ $106,029
Total Liabilities and Net Assets / Fund Balance$1,959,485$1,814,584▼ $144,901

Asset Categories

AssetBook ValueDepreciationBasis
Land$15,000-$15,000
Other Assets Org$511,999--
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
W Charles ParkPresident
Charles PayneMember
Dennis Mcmullan JrSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,000
Program Service Revenue
$0
Investment Income
$-5,008
Other Revenue
$0
All Other Contributions
$3,000
Change in Net Assets
$-106,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,021
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
Interest$1,536$0$0$1,536
Other Expenses$0$233$0$233
Total Functional Expenses$103,788$233$0$104,021
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No

Governance Explanations

Form 990, Part VI, Line 9

“Dennis mcmullan, jr. 261 montgomery drive springhill la 71075 w. Duane cloud 701 madison ave. Minden la 71055 charles l. Payne 1101 janice dr springhill la 71075”

Filing and Contact Details

Filer

Filer Name
Webster Development Fund
EIN
20-5413853
Phone
3185399378
Address
PO Box 155, SPRINGHILL, LA 71075

Signing Officer

Name
Derek Melancon
Title
Director
Phone
3185399378
Signed
2015-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Payne
Formed
2006
Legal Domicile
La
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Jamieson Wise & Martin
Address
601 Main, Minden, LA 71055
Preparer
Carlos Martin CPA
Phone
3183773171
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Director will present Form 990 to board members in a timely manner”

Form 990EZ, Part I, Line 16

“Benefits assigned to homeowners bank charges”

Form 990EZ, Part II, Line 24

“Mortgage receivables forgivable notes”

Form 990EZ, Part II, Line 26

“ACCOUNTS PAYABLE”

Raw XML Appendix328 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DENNIS MCMULLAN, JR. 261 MONTGOMERY DRIVE SPRINGHILL LA 71075 W. DUANE CLOUD 701 MADISON AVE. MINDEN LA 71055 CHARLES L. PAYNE 1101 JANICE DR SPRINGHILL LA 71075
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IRS990/TotalLiabilitiesGrp/EOYAmt01688533
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0232080
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0126051
IRS990/TotalProgramServiceExpensesAmt0103788
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-5008
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-2008
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01959485
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01814584
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0232080
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0126051
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt021355 Hwy 157
IRS990/USAddress/CityNm0Springhill
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071075
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEREK MELANCON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03185399378
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEBSTER DEVELOPMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0WEBS
ReturnHeader/Filer/EIN0205413853
ReturnHeader/Filer/PhoneNum03185399378
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 155
ReturnHeader/Filer/USAddress/CityNm0SPRINGHILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071075
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jamieson Wise & Martin
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0601 Main
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minden
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071055
ReturnHeader/PreparerPersonGrp/PhoneNum03183773171
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARLOS MARTIN CPA
ReturnHeader/ReturnTs02015-11-10T14:44:55-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,814,584
Liabilities
$1,688,533
Net assets
$126,051
Revenue
-$2,008
Expenses
$104,021
Net income
-$106,029
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$1.11$0.11$0.00$0.07$0.07
2023Summary only. Only limited summary data is available for this year.$1.15$1.03$0.11$0.00$0.05$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$1.10$0.11$0.00$0.05$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$1.19$0.16$0.00$0.03$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$1.18$0.12$0.00$0.04$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$1.35$0.02$0.00$0.03$0.03
2018Summary only. Only limited summary data is available for this year.$1.47$0.00$1.47$0.00$0.03$0.03
2017Summary only. Only limited summary data is available for this year.$1.55$1.51$0.04$0.01$0.08$0.07
2016Summary only. Only limited summary data is available for this year.$1.69$1.68$0.02$0.00$0.07$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$1.71$0.08$0.02$0.07$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.81$1.69$0.13$0.00$0.10$0.11
2013Summary only. Only limited summary data is available for this year.$1.96$1.73$0.23$0.02$0.09$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$1.67$0.30$0.06
2011Summary only. Only limited summary data is available for this year.$1.25$0.90$0.35$0.02$0.03$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits