Civic Intelligence

Drexel Development Corporation Inc

990 • Fiscal year 2019 • EIN 23-7448537

Jan 01, 2019 to Dec 31, 2019 • Filed on May 15, 2020

Organization ProfileN/A
3609 E 20th StJoplin, MO 64801

(417) 624-4144

Siviq Scores

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

Liabilities / Assets

96th percentile

1.11x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

2.69x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Net Margin

20th percentile

-8.7%

Higher net margin than 20% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

30th percentile

-1.8%

Faster asset growth than 30% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

43rd percentile

0.7%

Faster revenue growth than 43% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$687,545

Down $12,901 (-1.8%) from 2018

Net Assets

Down

-$78,699

Down $29,373 (-60%) from 2018

Liabilities

Up

$766,244

Up $16,472 (+2.2%) from 2018

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin20th percentile

Revenue

Up

$284,990

Up $1,983 (+0.7%) from 2018

Expenses

Up

$309,663

Up $36,570 (+13%) from 2018

Net Income

Down

-$24,673

Down $34,587 (-349%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$1.0M$500K$0-$500KAssets 2010: $640,389Liabilities 2010: $664,903Net Assets 2010: -$24,5142010Assets 2011: $602,716Liabilities 2011: $673,628Net Assets 2011: -$70,9122011Assets 2012: $602,220Liabilities 2012: $698,731Net Assets 2012: -$96,5112012Assets 2013: $619,306Liabilities 2013: $730,041Net Assets 2013: -$110,7352013Assets 2014: $623,650Liabilities 2014: $737,639Net Assets 2014: -$113,9892014Assets 2015: $640,808Liabilities 2015: $737,149Net Assets 2015: -$96,3412015Assets 2016: $648,147Liabilities 2016: $729,120Net Assets 2016: -$80,9732016Assets 2017: $685,927Liabilities 2017: $745,167Net Assets 2017: -$59,2402017Assets 2018: $700,446Liabilities 2018: $749,772Net Assets 2018: -$49,3262018Assets 2019: $687,545Liabilities 2019: $766,244Net Assets 2019: -$78,6992019Assets 2020: $676,682Liabilities 2020: $762,167Net Assets 2020: -$85,4852020Assets 2021: $662,650Liabilities 2021: $755,322Net Assets 2021: -$92,6722021Assets 2022: $619,577Liabilities 2022: $622,821Net Assets 2022: -$3,2442022Assets 2023: $604,811Liabilities 2023: $615,466Net Assets 2023: -$10,6552023Assets 2024: $590,656Liabilities 2024: $743,685Net Assets 2024: -$153,0292024

Highlighted filing

2019

Assets$687,545
Liabilities$766,244
Net Assets-$78,699
Open 2019 Filing

Operations Trend

Revenue Growth43rd percentile

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

$400K$200K$0-$200KExpenses 2010: $191,8592010Expenses 2011: $221,8452011Expenses 2012: $215,3062012Revenue 2013: $235,352Expenses 2013: $249,578Net Income 2013: -$14,2262013Revenue 2014: $239,359Expenses 2014: $242,610Net Income 2014: -$3,2512014Revenue 2015: $263,974Expenses 2015: $246,326Net Income 2015: $17,6482015Revenue 2016: $267,887Expenses 2016: $252,519Net Income 2016: $15,3682016Revenue 2017: $277,185Expenses 2017: $255,452Net Income 2017: $21,7332017Revenue 2018: $283,007Expenses 2018: $273,093Net Income 2018: $9,9142018Revenue 2019: $284,990Expenses 2019: $309,663Net Income 2019: -$24,6732019Revenue 2020: $293,081Expenses 2020: $299,867Net Income 2020: -$6,7862020Revenue 2021: $300,027Expenses 2021: $307,214Net Income 2021: -$7,1872021Revenue 2022: $305,810Expenses 2022: $355,069Net Income 2022: -$49,2592022Revenue 2023: $321,751Expenses 2023: $319,031Net Income 2023: $2,7202023Revenue 2024: $350,909Expenses 2024: $359,295Net Income 2024: -$8,3862024

Highlighted filing

2019

Revenue$284,990
Expenses$309,663
Net Income-$24,673
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 15, 2020
Return Version
2019v5.0
Gross Receipts
$284,990
Mission and Program Overview

Mission

To provide affordable housing for low to moderate income individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$502,527$539,424▲ $36,897
Savings and Temporary Cash Investments$123,137$99,066▼ $24,071
Cash and Non-Interest-Bearing Accounts$50,876$25,098▼ $25,778
Prepaid Expenses and Deferred Charges$23,906$23,957▲ $51
Total Assets$700,446$687,545▼ $12,901
Liabilities
Mortgage Notes Payable Secured by Investment Property$601,826$601,826→ $0
Other Liabilities$140,381$145,602▲ $5,221
Accounts Payable and Accrued Expenses$12,265$18,816▲ $6,551
Total Liabilities$754,472$766,244▲ $11,772
Net Assets / Fund Balance
Net Assets With Donor Restrictions$123,137$99,066▼ $24,071
Net Assets Without Donor Restrictions$-177,163$-177,765▼ $602
Total Net Assets Fund Balance$-54,026$-78,699▼ $24,673
Total Liabilities and Net Assets / Fund Balance$700,446$687,545▼ $12,901

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$437,424$894,802$1,332,226
Other Land Buildings$82,000$2,172$84,172
Land$20,000-$20,000
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Herbert E ThomasPresident
Anita BrownMember
Nancy NickellSecretary/tr
Sandra NelsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$284,763
Investment Income
$227
Other Revenue
$0
Change in Net Assets
$-24,673

Audited Revenue Reconciliation

Revenue per Audited Statements
$284,990
Total Revenue per Audited Statements
$284,990
Total Revenue per Form 990
$284,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$293,719
Salaries, Compensation, and Employee Benefits$15,944
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$176,805$31,824-$208,629
Depreciation Depletion$47,275--$47,275
Interest$30,315--$30,315
Other Salaries and Wages$12,596--$12,596
Fees for Services Accounting-$7,500-$7,500
Payroll Taxes$3,348--$3,348
Total Functional Expenses$270,339$39,324$0$309,663

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$309,663
Total Expenses per Audited Statements$309,663
Total Expenses per Form 990$309,663
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Loan Interest$121,007
Security Deposits-tenants$24,595
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Bell management, inc is the mangement company.”

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

“Form is prepared by auditing firm, given to management company who in turn presents it to the governing body for review and signature.”

Form 990, Page 6, Part VI, Line 19

“Management company has all documents on file and available upon request. The entity has copy of all documents on site and available upon request.”

Filing and Contact Details

Filer

Filer Name
Drexel Development
EIN
23-7448537
Phone
4176244144
Address
3609 E 20TH ST, JOPLIN, MO 64801
Doing Business As
Frazier Estates

Signing Officer

Name
Herbert E Thomas
Title
President
Phone
4176244144
Signed
2020-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Herbert E Thomas
Formed
1975
Legal Domicile
Mo
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Sanders Myers & Blackwell Cpas Llp
Address
909 E REPUBLIC RD SUITE F-200, SPRINGFIELD, MO 65807
Preparer
Christopher a Myers
Phone
4174088822
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“To provide affordable housing for the low to moderate income individuals.”

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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/USAddress/CityNm0DREXEL
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IRS990/USAddress/ZIPCd064742
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HERBERT E THOMAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04176244144
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DREXEL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION INC
ReturnHeader/Filer/BusinessNameControlTxt0DREX
ReturnHeader/Filer/EIN0237448537
ReturnHeader/Filer/PhoneNum04176244144
ReturnHeader/Filer/USAddress/AddressLine1Txt03609 E 20TH ST
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02020-08-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm017:13:50
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841901001
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SANDERS MYERS & BLACKWELL CPAS LLP
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
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ReturnHeader/PreparerPersonGrp/PhoneNum04174088822
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER A MYERS
ReturnHeader/ReturnTs02020-08-17T17:13:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$687,545
Liabilities
$766,244
Net assets
-$78,699
Revenue
$284,990
Expenses
$309,663
Net income
-$24,673
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.91$7.44$1.53$3.51$3.59$0.08
2023Detailed filing. Detailed filing data is available for this year.$6.05$6.15$0.11$3.22$3.19$0.03
2022Detailed filing. Detailed filing data is available for this year.$6.20$6.23$0.03$3.06$3.55$0.49
2021Detailed filing. Detailed filing data is available for this year.$6.63$7.55$0.93$3.00$3.07$0.07
2020Detailed filing. Detailed filing data is available for this year.$6.77$7.62$0.85$2.93$3.00$0.07
2019Detailed filing. Detailed filing data is available for this year.$6.88$7.66$0.79$2.85$3.10$0.25
2018Detailed filing. Detailed filing data is available for this year.$7.00$7.50$0.49$2.83$2.73$0.10
2017Detailed filing. Detailed filing data is available for this year.$6.86$7.45$0.59$2.77$2.55$0.22
2016Detailed filing. Detailed filing data is available for this year.$6.48$7.29$0.81$2.68$2.53$0.15
2015Detailed filing. Detailed filing data is available for this year.$6.41$7.37$0.96$2.64$2.46$0.18
2014Detailed filing. Detailed filing data is available for this year.$6.24$7.38$1.14$2.39$2.43$0.03
2013Detailed filing. Detailed filing data is available for this year.$6.19$7.30$1.11$2.35$2.50$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.02$6.99$0.97$2.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.03$6.74$0.71$2.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.40$6.65$0.25$1.92