Civic Intelligence

Tanner Gardens Apartments

990 • Fiscal year 2019 • EIN 23-7155004

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 21, 2020

700 E Jefferson 2nd Floor No 230Phoenix, AZ 85034

(602) 243-1036

Siviq Scores

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

Liabilities / Assets

90th percentile

0.84x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

2.01x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

58th percentile

5.8%

Faster asset growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

34th percentile

-2.2%

Faster revenue growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,565,821

Up $139,933 (+5.8%) from 2018

Net Assets

Up

$409,014

Up $126,785 (+45%) from 2018

Liabilities

Up

$2,156,807

Up $13,148 (+0.6%) from 2018

Revenue

Down

$1,074,468

Down $23,880 (-2.2%) from 2018

Expenses

Up

$947,683

Up $57,511 (+6.5%) from 2018

Net Income

Down

$126,785

Down $81,391 (-39%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $2,165,236Liabilities 2014: $2,383,089Net Assets 2014: -$217,8532014Assets 2015: $2,119,076Liabilities 2015: $2,225,980Net Assets 2015: -$106,9042015Assets 2016: $2,141,664Liabilities 2016: $2,174,854Net Assets 2016: -$33,1902016Assets 2018: $2,425,888Liabilities 2018: $2,143,659Net Assets 2018: $282,2292018Assets 2019: $2,565,821Liabilities 2019: $2,156,807Net Assets 2019: $409,0142019Assets 2020: $2,419,577Liabilities 2020: $1,929,254Net Assets 2020: $490,3232020Assets 2021: $2,247,696Liabilities 2021: $1,680,352Net Assets 2021: $567,3442021Assets 2022: $2,305,507Liabilities 2022: $1,627,220Net Assets 2022: $678,2872022Assets 2023: $2,181,457Liabilities 2023: $1,500,703Net Assets 2023: $680,7542023Assets 2024: $2,612,069Liabilities 2024: $1,616,770Net Assets 2024: $995,2992024

Highlighted filing

2019

Assets$2,565,821
Liabilities$2,156,807
Net Assets$409,014

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2014: $864,018Expenses 2014: $845,716Net Income 2014: $18,3022014Revenue 2015: $1,003,517Expenses 2015: $990,151Net Income 2015: $13,3662015Revenue 2016: $998,565Expenses 2016: $924,851Net Income 2016: $73,7142016Revenue 2018: $1,098,348Expenses 2018: $890,172Net Income 2018: $208,1762018Revenue 2019: $1,074,468Expenses 2019: $947,683Net Income 2019: $126,7852019Revenue 2020: $1,103,205Expenses 2020: $931,281Net Income 2020: $171,9242020Revenue 2021: $1,108,591Expenses 2021: $1,031,570Net Income 2021: $77,0212021Revenue 2022: $1,164,576Expenses 2022: $1,053,633Net Income 2022: $110,9432022Revenue 2023: $1,206,588Expenses 2023: $1,204,122Net Income 2023: $2,4662023Revenue 2024: $1,542,307Expenses 2024: $1,227,762Net Income 2024: $314,5452024

Highlighted filing

2019

Revenue$1,074,468
Expenses$947,683
Net Income$126,785
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 21, 2020
Return Version
2018v3.1
Gross Receipts
$1,074,468
Mission and Program Overview

Mission

Housing facilities for low income elderly and handicapped persons authorized under sections 8 and 21.

Housing facilities for low income elderly and handicapped persons authorized under sections 8 and 221.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,150,843$1,600,693▲ $449,850
Cash and Non-Interest-Bearing Accounts$217,914$442,184▲ $224,270
Savings and Temporary Cash Investments$928,784$400,989▼ $527,795
Intangible Assets$101,848$97,604▼ $4,244
Prepaid Expenses and Deferred Charges$11,275$12,682▲ $1,407
Accounts Receivable$8,099$4,544▼ $3,555
Total Assets$2,425,888$2,565,821▲ $139,933
Other Assets Total$7,125$7,125→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,019,013$1,969,100▼ $49,913
Accounts Payable and Accrued Expenses$93,958$156,211▲ $62,253
Other Liabilities$26,200$25,755▼ $445
Deferred Revenue$4,488$5,741▲ $1,253
Total Liabilities$2,143,659$2,156,807▲ $13,148
Net Assets / Fund Balance
Unrestricted Net Assets$282,229$409,014▲ $126,785
Total Net Assets Fund Balance$282,229$409,014▲ $126,785
Total Liabilities and Net Assets / Fund Balance$2,425,888$2,565,821▲ $139,933

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,473,064$3,289,876$4,762,940
Land$127,629-$127,629
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$712,302
Program Service Revenue
$356,710
Investment Income
$1,342
Other Revenue
$4,114
Change in Net Assets
$126,785

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,074,468
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,074,468
Total Revenue per Form 990
$1,074,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$642,863
Salaries, Compensation, and Employee Benefits$304,820
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$267,436$2,203-$269,639
Other Salaries and Wages$157,189$91,330-$248,519
Interest$76,444--$76,444
Depreciation Depletion$66,962--$66,962
Office Expenses$31,719$33,480-$65,199
Fees for Services Management-$56,116-$56,116
Insurance$48,316--$48,316
Payroll Taxes$43,089--$43,089
Other Employee Benefits$13,212--$13,212
Fees for Services Accounting-$5,851-$5,851
Other Expenses$13,317$4,752-$4,752
Fees for Services Legal-$2,892-$2,892
Advertising-$1,027-$1,027
Conferences and Meetings-$297-$297
Total Functional Expenses$749,735$197,948$0$947,683

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$947,684
Expenses per Audited Statements$947,683
Total Expenses per Form 990$947,683
Expenses Not Reported on Form 990$1
Expenses Not Reported on Financial Statements$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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Deposits Held in Trust$25,755
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

Line 11b explanation - form 990 was presented, reviewed and approved by board of directors.

Form 990, Part VI, Section B, Line 15

Executive board must vote and approve all management salary.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Tanner Gardens Apartments
EIN
23-7155004
Phone
6022431036
Address
700 E JEFFERSON 2ND FLOOR NO 230, PHOENIX, AZ 85034

Signing Officer

Name
Lc Demon Carey
Title
President
Phone
6022431036
Signed
2020-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lc Demon Carey
Formed
1972
Legal Domicile
Az
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Cna Tax Professionals Inc
Address
8606 ALLISONVILLE RD STE 120, INDIANAPOLIS, IN 46250
Preparer
Shawn D Dreiman CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The entity adopted the standard for accounting for uncertainty in income taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded.

Raw XML AppendixShowing 400 of 444 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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IRS990/PYOtherExpensesAmt0630210
IRS990/PYOtherRevenueAmt017449
IRS990/PYProgramServiceRevenueAmt0359246
IRS990/PYRevenuesLessExpensesAmt0208176
IRS990/PYSalariesCompEmpBnftPaidAmt0259962
IRS990/PYTotalExpensesAmt0890172
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01098348
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0126785
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0356710
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0928784
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0400989
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0712302
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0720800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0677972
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0658720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0663925
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03433719
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01342
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0853
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0462
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0650
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03307
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01722578
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04114
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt017449
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06224
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06614
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02817
IRS990ScheduleA/OtherIncome170Grp/TotalAmt037218
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98830
IRS990ScheduleA/PublicSupportPY170Pct00.98870
IRS990ScheduleA/PublicSupportTotal170Amt03433719
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0712302
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0720800
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0677972
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0658720
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0663925
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03433719
IRS990ScheduleA/TotalSupportAmt03474244
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/BookValueAmt01473064
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03289876
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04762940
IRS990ScheduleD/ExpensesNotReportedAmt01
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0947683
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0127629
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0127629
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025755
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/PriorYearAdjustmentsAmt01
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01074468
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENTITY ADOPTED THE STANDARD FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE ENTITY RECOGNIZES A TAX BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT IS RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01600693
IRS990ScheduleD/TotalExpensesPerForm990Amt0947683
IRS990ScheduleD/TotalLiabilityAmt025755
IRS990ScheduleD/TotalRevenuePerForm990Amt01074468
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01074468
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0947684
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11B EXPLANATION - FORM 990 WAS PRESENTED, REVIEWED AND APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE BOARD MUST VOTE AND APPROVE ALL MANAGEMENT SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02425888
IRS990/TotalAssetsEOYAmt02565821
IRS990/TotalAssetsGrp/BOYAmt02425888
IRS990/TotalAssetsGrp/EOYAmt02565821
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0712302
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0197948
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0749735
IRS990/TotalFunctionalExpensesGrp/TotalAmt0947683
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02143659
IRS990/TotalLiabilitiesEOYAmt02156807
IRS990/TotalLiabilitiesGrp/BOYAmt02143659
IRS990/TotalLiabilitiesGrp/EOYAmt02156807
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0282229
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0409014
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0749735
IRS990/TotalProgramServiceRevenueAmt0356710
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05456
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0356710
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01074468
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02425888
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02565821
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0282229
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0409014

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