Civic Intelligence

Prospect Housing Properties Inc.

990 • Fiscal year 2019 • EIN 20-5869855

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 22, 2020

960 Maddox Simpson PkwyLebanon, TN 37090

(615) 444-0597

Siviq Scores

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

Liabilities / Assets

40th percentile

0.01x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

0.16x

Higher debt load relative to revenue than 73% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

6th percentile

-48%

Higher net margin than 6% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

75th percentile

$66,135

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 134.3% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

31st percentile

-2.6%

Faster asset growth than 31% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

54th percentile

5.8%

Faster revenue growth than 54% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$818,549

Down $21,550 (-2.6%) from 2018

Net Assets

Down

$810,788

Down $23,858 (-2.9%) from 2018

Liabilities

Up

$7,761

Up $2,308 (+42%) from 2018

Revenue

Up

$49,235

Up $2,719 (+5.8%) from 2018

Expenses

Down

$73,093

Down $4,285 (-5.5%) from 2018

Net Income

Up

-$23,858

Up $7,004 (+23%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,005,881Liabilities 2011: $941,835Net Assets 2011: $64,0462011Assets 2012: $994,636Liabilities 2012: $15,643Net Assets 2012: $978,9932012Assets 2013: $967,337Liabilities 2013: $22,493Net Assets 2013: $944,8442013Assets 2014: $956,839Liabilities 2014: $36,504Net Assets 2014: $920,3352014Assets 2015: $935,679Liabilities 2015: $41,712Net Assets 2015: $893,9672015Assets 2016: $913,593Liabilities 2016: $72,161Net Assets 2016: $841,4322016Assets 2017: $867,365Liabilities 2017: $1,857Net Assets 2017: $865,5082017Assets 2018: $840,099Liabilities 2018: $5,453Net Assets 2018: $834,6462018Assets 2019: $818,549Liabilities 2019: $7,761Net Assets 2019: $810,7882019Assets 2020: $795,817Liabilities 2020: $6,582Net Assets 2020: $789,2352020Assets 2021: $783,496Liabilities 2021: $5,970Net Assets 2021: $777,5262021Assets 2022: $780,812Liabilities 2022: $7,790Net Assets 2022: $773,0222022Assets 2023: $787,132Liabilities 2023: $17,976Net Assets 2023: $769,1562023Assets 2024: $770,112Liabilities 2024: $15,105Net Assets 2024: $755,0072024Assets 2025: $752,650Liabilities 2025: $18,026Net Assets 2025: $734,6242025

Highlighted filing

2019

Assets$818,549
Liabilities$7,761
Net Assets$810,788

Operations Trend

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

$100K$50K$0-$50K-$100KRevenue 2011: $67,172Expenses 2011: $46,234Net Income 2011: $20,9382011Revenue 2012: $37,102Expenses 2012: $59,082Net Income 2012: -$21,9802012Revenue 2013: $40,163Expenses 2013: $74,312Net Income 2013: -$34,1492013Revenue 2014: $39,064Expenses 2014: $63,573Net Income 2014: -$24,5092014Revenue 2015: $32,763Expenses 2015: $59,131Net Income 2015: -$26,3682015Revenue 2016: $38,751Expenses 2016: $91,286Net Income 2016: -$52,5352016Revenue 2017: $40,063Expenses 2017: $15,987Net Income 2017: $24,0762017Revenue 2018: $46,516Expenses 2018: $77,378Net Income 2018: -$30,8622018Revenue 2019: $49,235Expenses 2019: $73,093Net Income 2019: -$23,8582019Revenue 2020: $49,879Expenses 2020: $71,432Net Income 2020: -$21,5532020Revenue 2021: $54,126Expenses 2021: $65,835Net Income 2021: -$11,7092021Revenue 2022: $60,907Expenses 2022: $63,550Net Income 2022: -$2,6432022Revenue 2023: $67,156Expenses 2023: $71,022Net Income 2023: -$3,8662023Revenue 2024: $68,864Expenses 2024: $83,013Net Income 2024: -$14,1492024Revenue 2025: $66,226Expenses 2025: $87,272Net Income 2025: -$21,0462025

Highlighted filing

2019

Revenue$49,235
Expenses$73,093
Net Income-$23,858
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 22, 2020
Return Version
2018v3.1
Gross Receipts
$49,235
Mission and Program Overview

Mission

To provide group home living facilities to people with developmental disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$801,865$773,611▼ $28,254
Cash and Non-Interest-Bearing Accounts$38,234$44,938▲ $6,704
Total Assets$840,099$818,549▼ $21,550
Liabilities
Accounts Payable and Accrued Expenses$5,453$7,761▲ $2,308
Total Liabilities$5,453$7,761▲ $2,308
Net Assets / Fund Balance
Temporarily Rstr Net Assets$761,842$736,830▼ $25,012
Unrestricted Net Assets$72,804$73,958▲ $1,154
Total Net Assets Fund Balance$834,646$810,788▼ $23,858
Total Liabilities and Net Assets / Fund Balance$840,099$818,549▼ $21,550

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$641,350$268,828$910,178
Land$130,458-$130,458
Equipment$1,803$2,932$4,735
Compensation and Service Providers

Employees

NameTitleOtherTotal
Michael PittmanController$66,135$66,135
Andy WhiteExecutive Director$33,673$33,673

Board Members and Trustees

NameTitle
Heather BayChairman of the Board
Joe CowanVice Chairman
Callie GammonBoard Member
Clancey HopperBoard Member
Duane HarperBoard Member
Ellen MattinglyBoard Member
Jan HallmarkBoard Member
Marlese AllenBoard Member
Matt BridgesBoard Member
Xavier SmithBoard Member
Lauren WoodenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$27,533
Program Service Revenue
$21,605
Investment Income
$97
Other Revenue
$0
Change in Net Assets
$-23,858
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,093
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$28,254--$28,254
Occupancy$19,812--$19,812
Fees for Services Management$4,352--$4,352
Insurance$3,357--$3,357
Fees for Services Accounting$1,500--$1,500
Other Expenses$111--$111
Office Expenses$54--$54
Total Functional Expenses$73,093$0$0$73,093
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
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
No
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

The completed form 990 is mailed to each board member with the request to review it within one week, at their option. The finance committee chairman is required to review and approve the return.

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

Annually, the controller reviews the conflict of interest statements and works to identify conflicts with vendors and customers.

Form 990, Part VI, Section B, Line 15A

The board of directors reviewed and approved it.

Form 990, Part VI, Section C, Line 19

The agency makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Prospect Housing Properties Inc
EIN
20-5869855
Phone
6154440597
Address
960 MADDOX SIMPSON PKWY, LEBANON, TN 37090

Signing Officer

Name
Michael Pittman
Title
Controller
Phone
6154440597
Signed
2020-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Pittman
Formed
2006
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Dempsey Vantrease & Follis Pllc
Address
724 WEST MAIN STREET, LEBANON, TN 37087
Preparer
Sharon Lynch CPA
Phone
6154444125
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt021605
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt027533
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt023423
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt017213
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt017007
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt014853
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0100029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt097
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt013
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0131
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99870
IRS990ScheduleA/PublicSupportPY170Pct00.99950
IRS990ScheduleA/PublicSupportTotal170Amt0100029
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt027533
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt023423
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt017213
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt017007
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt014853
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0100029
IRS990ScheduleA/TotalSupportAmt0100160
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0641350
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0268828
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0910178
IRS990ScheduleD/EquipmentGrp/BookValueAmt01803
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02932
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04735
IRS990ScheduleD/LandGrp/BookValueAmt0130458
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0130458
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0773611
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPLETED FORM 990 IS MAILED TO EACH BOARD MEMBER WITH THE REQUEST TO REVIEW IT WITHIN ONE WEEK, AT THEIR OPTION. THE FINANCE COMMITTEE CHAIRMAN IS REQUIRED TO REVIEW AND APPROVE THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY, THE CONTROLLER REVIEWS THE CONFLICT OF INTEREST STATEMENTS AND WORKS TO IDENTIFY CONFLICTS WITH VENDORS AND CUSTOMERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWED AND APPROVED IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AGENCY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC 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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PROSPECT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1PROSPECT HOUSING DEKALB INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0620793411
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1261471038
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SERVICES TO DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0960 MADDOX SIMPSON PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1960 MADDOX SIMPSON PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LEBANON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1LEBANON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd037090
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd137090
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt04352
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0HUD REGULATIONS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PROSPECT INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0761842
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0736830
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0840099
IRS990/TotalAssetsEOYAmt0818549
IRS990/TotalAssetsGrp/BOYAmt0840099
IRS990/TotalAssetsGrp/EOYAmt0818549
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt027533
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt073093
IRS990/TotalFunctionalExpensesGrp/TotalAmt073093
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05453
IRS990/TotalLiabilitiesEOYAmt07761
IRS990/TotalLiabilitiesGrp/BOYAmt05453
IRS990/TotalLiabilitiesGrp/EOYAmt07761
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0834646
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0810788

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.02$0.73$0.07$0.09$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.77$0.02$0.76$0.07$0.08$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.79$0.02$0.77$0.07$0.07$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.78$0.01$0.77$0.06$0.06$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.01$0.78$0.05$0.07$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.80$0.01$0.79$0.05$0.07$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.82$0.01$0.81$0.05$0.07$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.84$0.01$0.83$0.05$0.08$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.04$0.02$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.91$0.07$0.84$0.04$0.09$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.94$0.04$0.89$0.03$0.06$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.04$0.92$0.04$0.06$0.02
2013Summary only. Only limited summary data is available for this year.$0.97$0.02$0.94$0.04$0.07$0.03
2012Summary only. Only limited summary data is available for this year.$0.99$0.02$0.98$0.04$0.06$0.02
2011Summary only. Only limited summary data is available for this year.$1.01$0.94$0.06$0.07$0.05$0.02