Civic Intelligence

Drexel Development Corporation Inc

990 • Fiscal year 2020 • EIN 23-7448537

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 19, 2021

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

1.13x

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

2.60x

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Net Margin

30th percentile

-2.3%

Higher net margin than 30% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Asset Growth

31st percentile

-1.6%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

2.8%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$676,682

Down $10,863 (-1.6%) from 2019

Net Assets

Down

-$85,485

Down $6,786 (-8.6%) from 2019

Liabilities

Down

$762,167

Down $4,077 (-0.5%) from 2019

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin30th percentile

Revenue

Up

$293,081

Up $8,091 (+2.8%) from 2019

Expenses

Down

$299,867

Down $9,796 (-3.2%) from 2019

Net Income

Up

-$6,786

Up $17,887 (+72%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2020

Assets$676,682
Liabilities$762,167
Net Assets-$85,485
Open 2020 Filing

Operations Trend

Revenue Growth61st 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

2020

Revenue$293,081
Expenses$299,867
Net Income-$6,786
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 19, 2021
Return Version
2020v4.0
Gross Receipts
$293,081
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$539,424$558,435▲ $19,011
Savings and Temporary Cash Investments$99,066$76,222▼ $22,844
Prepaid Expenses and Deferred Charges$23,957$21,309▼ $2,648
Cash and Non-Interest-Bearing Accounts$25,098$20,716▼ $4,382
Total Assets$687,545$676,682▼ $10,863
Liabilities
Mortgage Notes Payable Secured by Investment Property$601,826$601,197▼ $629
Other Liabilities$145,602$148,058▲ $2,456
Accounts Payable and Accrued Expenses$18,816$12,912▼ $5,904
Total Liabilities$766,244$762,167▼ $4,077
Net Assets / Fund Balance
Net Assets With Donor Restrictions$99,066$76,222▼ $22,844
Net Assets Without Donor Restrictions$-177,765$-161,707▲ $16,058
Total Net Assets Fund Balance$-78,699$-85,485▼ $6,786
Total Liabilities and Net Assets / Fund Balance$687,545$676,682▼ $10,863

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$445,321$837,753$1,283,074
Equipment$93,114$109,638$202,752
Land$20,000-$20,000
Compensation and Service Providers
Top Officer Pay68th percentile

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
$293,004
Investment Income
$77
Other Revenue
$0
Change in Net Assets
$-6,786

Audited Revenue Reconciliation

Revenue per Audited Statements
$293,081
Total Revenue per Audited Statements
$293,081
Total Revenue per Form 990
$293,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$283,077
Salaries, Compensation, and Employee Benefits$16,790
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$163,331$33,426-$196,757
Depreciation Depletion$50,417--$50,417
Interest$28,903--$28,903
Other Salaries and Wages$13,457--$13,457
Fees for Services Accounting-$7,000-$7,000
Payroll Taxes$3,333--$3,333
Total Functional Expenses$259,441$40,426$0$299,867

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$299,867
Total Expenses per Audited Statements$299,867
Total Expenses per Form 990$299,867
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$125,193
Security Deposits-tenants$22,865
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
Nancy Nickell
Title
Secretary/treasurer
Phone
4176244144
Signed
2021-04-19
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.”

Raw XML Appendix305 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/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0NANCY NICKELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04176244144
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-19
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION INC
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ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$676,682
Liabilities
$762,167
Net assets
-$85,485
Revenue
$293,081
Expenses
$299,867
Net income
-$6,786
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