Civic Intelligence

Peachtree III Inc

990 • Fiscal year 2017 • EIN 20-8030465

Jan 01, 2017 to Dec 31, 2017 • Filed on May 10, 2018

725 East Market StreetAkron, OH 44305

(330) 434-2400

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

65th percentile

0.10x

Higher debt load relative to revenue than 65% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

11th percentile

-24%

Higher net margin than 11% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

94th percentile

$153,804

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 279.4% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

32nd percentile

-2.1%

Faster asset growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

71st percentile

19%

Faster revenue growth than 71% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$700,324

Down $14,824 (-2.1%) from 2016

Net Assets

Down

$694,931

Down $13,181 (-1.9%) from 2016

Liabilities

Down

$5,393

Down $1,643 (-23%) from 2016

Revenue

Up

$55,047

Up $8,946 (+19%) from 2016

Expenses

Up

$68,228

Up $186 (+0.3%) from 2016

Net Income

Up

-$13,181

Up $8,760 (+40%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $880,986Liabilities 2010: $20,806Net Assets 2010: $860,1802010Assets 2011: $846,055Liabilities 2011: $25,390Net Assets 2011: $820,6652011Assets 2012: $815,997Liabilities 2012: $27,491Net Assets 2012: $788,5062012Assets 2013: $782,810Liabilities 2013: $30,529Net Assets 2013: $752,2812013Assets 2014: $757,510Liabilities 2014: $34,119Net Assets 2014: $723,3912014Assets 2015: $735,855Liabilities 2015: $5,802Net Assets 2015: $730,0532015Assets 2016: $715,148Liabilities 2016: $7,036Net Assets 2016: $708,1122016Assets 2017: $700,324Liabilities 2017: $5,393Net Assets 2017: $694,9312017Assets 2018: $675,208Liabilities 2018: $4,460Net Assets 2018: $670,7482018Assets 2019: $657,962Liabilities 2019: $1,300Net Assets 2019: $656,6622019Assets 2020: $639,348Liabilities 2020: $1,298Net Assets 2020: $638,0502020Assets 2021: $619,894Liabilities 2021: $17,240Net Assets 2021: $602,6542021Assets 2022: $599,620Liabilities 2022: $23,486Net Assets 2022: $576,1342022Assets 2023: $582,897Liabilities 2023: $27,779Net Assets 2023: $555,1182023

Highlighted filing

2017

Assets$700,324
Liabilities$5,393
Net Assets$694,931

Operations Trend

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

$100K$50K$0-$50KExpenses 2010: $93,4622010Revenue 2011: $29,293Expenses 2011: $68,808Net Income 2011: -$39,5152011Expenses 2012: $67,4552012Revenue 2013: $35,542Expenses 2013: $71,767Net Income 2013: -$36,2252013Revenue 2014: $41,896Expenses 2014: $70,786Net Income 2014: -$28,8902014Revenue 2015: $39,405Expenses 2015: $64,316Net Income 2015: -$24,9112015Revenue 2016: $46,101Expenses 2016: $68,042Net Income 2016: -$21,9412016Revenue 2017: $55,047Expenses 2017: $68,228Net Income 2017: -$13,1812017Revenue 2018: $53,730Expenses 2018: $77,913Net Income 2018: -$24,1832018Revenue 2019: $52,808Expenses 2019: $66,894Net Income 2019: -$14,0862019Revenue 2020: $51,926Expenses 2020: $70,538Net Income 2020: -$18,6122020Revenue 2021: $43,595Expenses 2021: $78,991Net Income 2021: -$35,3962021Revenue 2022: $47,831Expenses 2022: $74,351Net Income 2022: -$26,5202022Revenue 2023: $48,912Expenses 2023: $69,928Net Income 2023: -$21,0162023

Highlighted filing

2017

Revenue$55,047
Expenses$68,228
Net Income-$13,181
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 10, 2018
Return Version
2017v2.3
Gross Receipts
$55,047
Mission and Program Overview

Mission

To provide safe, decent, and affordable housing to single mothers and children and head of household with a chronic mental illness in cuyahoga falls, oh.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$677,993$672,336▼ $5,657
Intangible Assets$15,998$13,739▼ $2,259
Accounts Receivable$2,699$7,352▲ $4,653
Cash and Non-Interest-Bearing Accounts$585$714▲ $129
Prepaid Expenses and Deferred Charges$78$85▲ $7
Total Assets$715,148$700,324▼ $14,824
Other Assets Total$17,795$6,098▼ $11,697
Liabilities
Accounts Payable and Accrued Expenses$4,777$3,537▼ $1,240
Other Liabilities$1,856$1,856→ $0
Deferred Revenue$403--
Total Liabilities$7,036$5,393▼ $1,643
Net Assets / Fund Balance
Temporarily Rstr Net Assets$754,600$754,600→ $0
Unrestricted Net Assets$-46,488$-59,669▼ $13,181
Total Net Assets Fund Balance$708,112$694,931▼ $13,181
Total Liabilities and Net Assets / Fund Balance$715,148$700,324▼ $14,824

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$564,264$229,253$793,517
Land$108,072-$108,072
Compensation and Service Providers

Employees

NameTitleOtherTotal
Robert StokesVice Preside$153,804$153,804
Janet WagnerPresident$126,673$126,673
Barbara Van DikeDirector$73,887$73,887
Corliss NewsomeSecretary$62,345$62,345
Megan WardDirector$33,315$33,315

Board Members and Trustees

NameTitle
Robert StokesVice President
Kim GrimesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,496
Program Service Revenue
$43,544
Investment Income
$7
Other Revenue
$0
All Other Contributions
$11,496
Change in Net Assets
$-13,181

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,047
Total Revenue per Audited Statements
$55,047
Total Revenue per Form 990
$55,047
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,228
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$21,778--$21,778
Occupancy$12,523--$12,523
Fees for Services Accounting-$4,500-$4,500
Fees for Services Management-$3,528-$3,528
Insurance$2,940--$2,940
Other Expenses$1,054--$1,054
Fees for Services Legal-$460-$460
Office Expenses-$107-$107
Total Functional Expenses$59,633$8,595$0$68,228

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$68,228
Total Expenses per Audited Statements$68,228
Total Expenses per Form 990$68,228
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$1,856
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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
No

Governance Explanations

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

The organization's secretary /treasurer reviews the form 990 and provides the board of trustees for review and approval before submission

Form 990, Page 6, Part VI, Line 12C

The board of trustees review the organization's conflict of interest policy annually and disclosure is provided to the board secretary

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request of the organization

Filing and Contact Details

Filer

Filer Name
Peachtree Iii Inc
EIN
20-8030465
Phone
3304342400
Address
725 EAST MARKET STREET, AKRON, OH 44305

Signing Officer

Name
Janet Wagner
Title
President
Phone
3304342400
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet Wagner
Formed
2006
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
1
Employees
0

Preparer

Firm
Mcmanus Dosen & Co
Address
7251 ENGLE RD STE 406, MIDDLEBURG HEIGHTS, OH 44130-3400
Preparer
Michael D Mcmanus CPA
Phone
4402433400
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Tax matters the internal revenue service issued a determination exempting the project from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes is included in these statements. Accounting principles generally accepted in the united state of america require the project management to evaluate tax positions taken by the project and recognize a tax liability if the project has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has determined that the project does not have any uncertain tax positions and the associated unrecognized benefits that materially impact the financial statements or related disclosures. The project is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The project believes it is no longer subject to income tax examinations for years prior to 2014.

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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0108072
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt055047
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TAX MATTERS THE INTERNAL REVENUE SERVICE ISSUED A DETERMINATION EXEMPTING THE PROJECT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THESE STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATE OF AMERICA REQUIRE THE PROJECT MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PROJECT AND RECOGNIZE A TAX LIABILITY IF THE PROJECT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS DETERMINED THAT THE PROJECT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND THE ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PROJECT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt068228
IRS990ScheduleD/TotalLiabilityAmt01856
IRS990ScheduleD/TotalRevenuePerForm990Amt055047
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt055047
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT STOKES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S SECRETARY /TREASURER REVIEWS THE FORM 990 AND PROVIDES THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL BEFORE SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSURE IS PROVIDED TO THE BOARD SECRETARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST OF THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd11N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd13N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OHIO MULTI-COUNTY DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1COMMUNITY HEALTH CENTER INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2FOX CREEK I INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3FOX CREEK II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4HUDSON DRIVE I INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5HUDSON DRIVE II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6WREN'S WAY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7CARDINALS PEAK INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8MCTAGGERT COURT II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9SUMMIT TERRACE DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10ROBINS TERRACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11PIGEON CREEK I INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12MCTAGGERT COURT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13PELICAN PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt1DBA COMMUNITY HEALTH CENTER
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd5OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd6OH
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd9OH
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd11OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd12OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd13OH
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3HOUSING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt6HOUSING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt8HOUSING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt10HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt11HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt12HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt13HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$5.83$0.28$5.55$0.49$0.70$0.21
2022Detailed filing. Detailed filing data is available for this year.$6.00$0.23$5.76$0.48$0.74$0.27
2021Detailed filing. Detailed filing data is available for this year.$6.20$0.17$6.03$0.44$0.79$0.35
2020Detailed filing. Detailed filing data is available for this year.$6.39$0.01$6.38$0.52$0.71$0.19
2019Detailed filing. Detailed filing data is available for this year.$6.58$0.01$6.57$0.53$0.67$0.14
2018Detailed filing. Detailed filing data is available for this year.$6.75$0.04$6.71$0.54$0.78$0.24
2017Detailed filing. Detailed filing data is available for this year.$7.00$0.05$6.95$0.55$0.68$0.13
2016Detailed filing. Detailed filing data is available for this year.$7.15$0.07$7.08$0.46$0.68$0.22
2015Detailed filing. Detailed filing data is available for this year.$7.36$0.06$7.30$0.39$0.64$0.25
2014Detailed filing. Detailed filing data is available for this year.$7.58$0.34$7.23$0.42$0.71$0.29
2013Detailed filing. Detailed filing data is available for this year.$7.83$0.31$7.52$0.36$0.72$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.16$0.27$7.89$0.67
2011Summary only. Only limited summary data is available for this year.$8.46$0.25$8.21$0.29$0.69$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.81$0.21$8.60$0.93