Civic Intelligence

Emerson Center Inc

990 • Fiscal year 2022 • EIN 23-7007367

Feb 01, 2021 to Jan 31, 2022 • Filed on Jun 13, 2022

Organization ProfileN/A

View Organization Page

125-c Trade StreetLexington, KY 40511

(859) 225-3334

Siviq Scores

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

Liabilities / Assets

86th percentile

0.51x

Higher debt load relative to assets than 86% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.47x

Higher debt load relative to revenue than 74% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Net Margin

58th percentile

12%

Higher net margin than 58% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Asset Growth

74th percentile

11%

Faster asset growth than 74% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

67th percentile

16%

Faster revenue growth than 67% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$1,214,265

Up $121,882 (+11%) from 2021

Net Assets

Up

$599,692

Up $163,201 (+37%) from 2021

Liabilities

Down

$614,573

Down $41,319 (-6.3%) from 2021

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin58th percentile

Revenue

Up

$1,318,702

Up $184,329 (+16%) from 2021

Expenses

Up

$1,155,501

Up $42,927 (+3.9%) from 2021

Net Income

Up

$163,201

Up $141,402 (+649%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$1.5M$1.0M$500K$0Assets 2020: $1,178,502Liabilities 2020: $763,810Net Assets 2020: $414,6922020Assets 2021: $1,092,383Liabilities 2021: $655,892Net Assets 2021: $436,4912021Assets 2022: $1,214,265Liabilities 2022: $614,573Net Assets 2022: $599,6922022Assets 2025: $1,098,309Liabilities 2025: $371,152Net Assets 2025: $727,1572025

Highlighted filing

2022

Assets$1,214,265
Liabilities$614,573
Net Assets$599,692
Open 2022 Filing

Operations Trend

Revenue Growth67th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2020: $1,276,131Expenses 2020: $1,179,260Net Income 2020: $96,8712020Revenue 2021: $1,134,373Expenses 2021: $1,112,574Net Income 2021: $21,7992021Revenue 2022: $1,318,702Expenses 2022: $1,155,501Net Income 2022: $163,2012022Revenue 2025: $1,477,426Expenses 2025: $1,513,842Net Income 2025: -$36,4162025

Highlighted filing

2022

Revenue$1,318,702
Expenses$1,155,501
Net Income$163,201
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2021 to Jan 31, 2022
Signed
Jun 13, 2022
Return Version
2021v4.2
Gross Receipts
$1,318,702
Mission and Program Overview

Mission

Assist in providing affordable housing to the elderly and disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$758,662$672,949▼ $85,713
Savings and Temporary Cash Investments$273,741$360,662▲ $86,921
Accounts Receivable$17,978$177,338▲ $159,360
Prepaid Expenses and Deferred Charges$19,960$2,952▼ $17,008
Cash and Non-Interest-Bearing Accounts$22,042$364▼ $21,678
Total Assets$1,092,383$1,214,265▲ $121,882
Liabilities
Mortgage Notes Payable Secured by Investment Property$554,645$465,325▼ $89,320
Accounts Payable and Accrued Expenses$41,257$88,153▲ $46,896
Escrow Account Liability$47,995$48,755▲ $760
Deferred Revenue$11,995$12,340▲ $345
Total Liabilities$655,892$614,573▼ $41,319
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$436,491$599,692▲ $163,201
Total Net Assets Fund Balance$436,491$599,692▲ $163,201
Total Liabilities and Net Assets / Fund Balance$1,092,383$1,214,265▲ $121,882

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$483,638$4,513,916$4,997,554
Land$189,311-$189,311
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
David T MillerPresident
Liz CarasVice President
Dana TackettDirector
Dr George LucierDirector
Kimberly BrowningDirector
Samuel Halley IiiEmeritus Director
Walter ForsterEmeritus Director
Ray DeboltSecretary
Kathleen MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,268,480
Investment Income
$670
Other Revenue
$49,552
Change in Net Assets
$163,201

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,318,702
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,318,702
Total Revenue per Form 990
$1,318,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$806,465
Salaries, Compensation, and Employee Benefits$349,036
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$168,782$86,803-$255,585
Depreciation Depletion$104,975--$104,975
Other Employee Benefits$48,773$25,126-$73,899
Insurance$70,385--$70,385
Fees for Services Management-$63,092-$63,092
Office Expenses$36,050--$36,050
Payroll Taxes$12,904$6,648-$19,552
Fees for Services Accounting-$13,826-$13,826
Interest$7,216--$7,216
Other Expenses$5,794--$5,794
All Other Expenses$4,404$599-$5,003
Advertising$3,763--$3,763
Total Functional Expenses$959,407$196,094$0$1,155,501

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,155,501
Total Expenses per Audited Statements$1,155,501
Total Expenses per Form 990$1,155,501
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Management duties are delegated to kirkpatrick management company-ky.”

Form 990, Part VI, Section A, Line 8B

“There are no other committees other than the board of directors of the property.”

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

“The governing body and the management company- "kirkpatrick management company-ky"- are given a copy of the 990 to review. The board president will sign the 990 before sending/filing with the irs.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policies and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Emerson Center Inc
EIN
23-7007367
Phone
8592253334
Address
125-C TRADE STREET, LEXINGTON, KY 40511

Signing Officer

Name
David T Miller
Title
President
Phone
8592253334
Signed
2022-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David T Miller
Formed
1972
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Hicks & Associates Cpas
Address
1795 ALYSHEBA WAY SUITE 6206, LEXINGTON, KY 40509
Preparer
David W Hickscpacffcfecgma
Phone
8593689727
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“Tenant security deposits.”

PART X, LINE 2:

“The project has no uncertain tax positions that qualify for disclosures in the financial statements. Tax years still open under federal and state statute of limitations remain subject to review and change.”

Raw XML Appendix396 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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IRS990ScheduleD/LandGrp/BookValueAmt0189311
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0189311
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0483638
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04513916
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04997554
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01318702
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE PROJECT HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR DISCLOSURES IN THE FINANCIAL STATEMENTS. TAX YEARS STILL OPEN UNDER FEDERAL AND STATE STATUTE OF LIMITATIONS REMAIN SUBJECT TO REVIEW AND CHANGE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0672949
IRS990ScheduleD/TotalExpensesPerForm990Amt01155501
IRS990ScheduleD/TotalRevenuePerForm990Amt01318702
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01318702
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01155501
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DUTIES ARE DELEGATED TO KIRKPATRICK MANAGEMENT COMPANY-KY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO OTHER COMMITTEES OTHER THAN THE BOARD OF DIRECTORS OF THE PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY AND THE MANAGEMENT COMPANY- "KIRKPATRICK MANAGEMENT COMPANY-KY"- ARE GIVEN A COPY OF THE 990 TO REVIEW. THE BOARD PRESIDENT WILL SIGN THE 990 BEFORE SENDING/FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01092383
IRS990/TotalAssetsEOYAmt01214265
IRS990/TotalAssetsGrp/BOYAmt01092383
IRS990/TotalAssetsGrp/EOYAmt01214265
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0196094
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0959407
IRS990/TotalFunctionalExpensesGrp/TotalAmt01155501
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0655892
IRS990/TotalLiabilitiesEOYAmt0614573
IRS990/TotalLiabilitiesGrp/BOYAmt0655892
IRS990/TotalLiabilitiesGrp/EOYAmt0614573
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0436491
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0599692
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0959407
IRS990/TotalProgramServiceRevenueAmt01268480
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0670
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01318032
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01318702
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01092383
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01214265
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0125-C TRADE STREET
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040511
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID T MILLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08592253334
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EMERSON CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0EMER
ReturnHeader/Filer/EIN0237007367
ReturnHeader/Filer/PhoneNum08592253334
ReturnHeader/Filer/USAddress/AddressLine1Txt0125-C TRADE STREET
ReturnHeader/Filer/USAddress/CityNm0LEXINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040511
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453047226
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HICKS & ASSOCIATES CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01795 ALYSHEBA WAY SUITE 6206
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEXINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040509
ReturnHeader/PreparerPersonGrp/PhoneNum08593689727
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID W HICKSCPACFFCFECGMA
ReturnHeader/ReturnTs02022-08-03T16:09:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MILLER
ReturnHeader/TaxPeriodBeginDt02021-02-01
ReturnHeader/TaxPeriodEndDt02022-01-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,214,265
Liabilities
$614,573
Net assets
$599,692
Revenue
$1,318,702
Expenses
$1,155,501
Net income
$163,201
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.37$0.73$1.48$1.51$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.21$0.61$0.60$1.32$1.16$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.66$0.44$1.13$1.11$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.76$0.41$1.28$1.18$0.10