Civic Intelligence

Beverly J Searles Foundation

990 • Fiscal year 2013 • EIN 26-0823326

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 11, 2014

3555 Sweetwater Road30096

(678) 467-6861

Siviq Scores

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

Liabilities / Assets

76th percentile

0.46x

Higher debt load relative to assets than 76% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

78th percentile

0.58x

Higher debt load relative to revenue than 78% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

46th percentile

$37,500

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

$1,724,863

No earlier filing loaded for comparison.

Net Assets

$936,018

No earlier filing loaded for comparison.

Liabilities

$788,845

No earlier filing loaded for comparison.

Revenue

$1,360,533

No earlier filing loaded for comparison.

Expenses

$401,419

No earlier filing loaded for comparison.

Net Income

$959,114

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2013: $1,724,863Liabilities 2013: $788,845Net Assets 2013: $936,0182013Assets 2014: $1,630,818Liabilities 2014: $96,338Net Assets 2014: $1,534,4802014Assets 2015: $5,815,235Liabilities 2015: $3,457,802Net Assets 2015: $2,357,4332015Assets 2016: $3,617,226Liabilities 2016: $417,649Net Assets 2016: $3,199,5772016Assets 2017: $5,568,039Liabilities 2017: $751,939Net Assets 2017: $4,816,1002017Assets 2018: $6,519,904Liabilities 2018: $555,536Net Assets 2018: $5,964,3682018Assets 2019: $7,325,579Liabilities 2019: $37,764Net Assets 2019: $7,287,8152019Assets 2020: $13,717,235Liabilities 2020: $150,621Net Assets 2020: $13,566,6142020Assets 2021: $17,035,487Liabilities 2021: $20,193Net Assets 2021: $17,015,2942021Assets 2022: $12,697,372Liabilities 2022: $19,555Net Assets 2022: $12,677,8172022Assets 2023: $13,219,038Liabilities 2023: $206,298Net Assets 2023: $13,012,7402023Assets 2024: $14,102,795Liabilities 2024: $16,166Net Assets 2024: $14,086,6292024

Highlighted filing

2013

Assets$1,724,863
Liabilities$788,845
Net Assets$936,018

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2013: $1,360,533Expenses 2013: $401,419Net Income 2013: $959,1142013Revenue 2014: $1,055,629Expenses 2014: $457,167Net Income 2014: $598,4622014Revenue 2015: $1,612,928Expenses 2015: $789,975Net Income 2015: $822,9532015Revenue 2016: $1,648,473Expenses 2016: $806,329Net Income 2016: $842,1442016Revenue 2017: $2,563,901Expenses 2017: $947,378Net Income 2017: $1,616,5232017Revenue 2018: $3,080,722Expenses 2018: $1,932,454Net Income 2018: $1,148,2682018Revenue 2019: $3,768,853Expenses 2019: $2,445,406Net Income 2019: $1,323,4472019Revenue 2020: $9,140,526Expenses 2020: $2,953,622Net Income 2020: $6,186,9042020Revenue 2021: $5,670,761Expenses 2021: $2,377,194Net Income 2021: $3,293,5672021Revenue 2022: -$789,306Expenses 2022: $2,485,223Net Income 2022: -$3,274,5292022Revenue 2023: $2,260,017Expenses 2023: $2,312,707Net Income 2023: -$52,6902023Revenue 2024: $1,927,951Expenses 2024: $2,262,454Net Income 2024: -$334,5032024

Highlighted filing

2013

Revenue$1,360,533
Expenses$401,419
Net Income$959,114
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 11, 2014
Return Version
2013v3.0
Gross Receipts
$1,360,533
Mission and Program Overview

Mission

The organization's primary mission is to provide quality sage affordable housing and support services for eligible low-income seniors and disabled persons.

The organization has been formed to provide housing and support services for the elderly and disabled persons and those with lower income to contribute to the mental, physical and spiritual wellness and improvement of older persons in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$1,000,000▲ $1,000,000
Cash and Non-Interest-Bearing Accounts$2,010$717,214▲ $715,204
Total Assets$8,544$1,724,863▲ $1,716,319
Other Assets Total$6,534$7,649▲ $1,115
Liabilities
Other Liabilities$27,200$777,200▲ $750,000
Accounts Payable and Accrued Expenses$4,440$11,645▲ $7,205
Total Liabilities$31,640$788,845▲ $757,205
Net Assets / Fund Balance
Unrestricted Net Assets$-23,096$936,018▲ $959,114
Total Net Assets Fund Balance$-23,096$936,018▲ $959,114
Total Liabilities and Net Assets / Fund Balance$8,544$1,724,863▲ $1,716,319

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,000,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard D SearlesExecutive DirectorPT$37,500$37,500
Philip E SearlesPresidentFT$32,200$32,200

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,000,000
Program Service Revenue
$360,533
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,000,000
Change in Net Assets
$959,114

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$1,000,000Appraisal
Total Noncash Contributions1$1,000,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$289,569
Salaries, Compensation, and Employee Benefits$111,850
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,925$55,925-$111,850
Other Expenses$123,893$9,249-$9,249
Total Functional Expenses$336,245$65,174$0$401,419
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
Advances From Third Party$700,000
Due to Affiliates$77,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Part VI, Section A, Line 2

Richard d. Searles - executive director and david s. Searles jr. - treasurer are brothers. Phillip e. Searles - president is the son of richard d. Searles - executive director.

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

The organization does not have any committees with the authority to act on behalf of the board.

Form 990, Part VI, Section B, Line 11

The executive director reviews and approves the form 990 prior to its filing.

Form 990, Part VI, Section B, Line 12C

Officers and directors are reminded of this policy at each board meeting and are asked to disclose any potential conflicts of interest for discussion by the board.

Form 990, Part VI, Section C, Line 19

The documents are available upon request.

Filing and Contact Details

Filer

EIN
26-0823326
Phone
6784676861

Signing Officer

Name
Philip Searles
Title
President
Phone
6784676861
Signed
2014-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip Searles
Formed
2007
Legal Domicile
Ga
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Preparer
Ed Deck CPA
Phone
4048929651
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Richard d. Searles - executive director, phillip e. Searles - president and david s. Searles, jr.- treasurer review and approve the compiled financial statements.

Financial Statement Notes

PART X, LINE 2:

Schedule d - part x - question 2: the organization has adopted the authoritative accounting guidance concerning uncertain tax positions. Under the adopted guidance, tax benefits arising from uncertain tax positions are only recognized if, and to the extent, management determines they are more likely than not to be sustained in an audit by the relevant taxing authority. The organization has not recorded any provision related to uncertain tax positions.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0189277
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0171732
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0160557
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0128295
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01010394
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02010394
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01360533
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0189277
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0171732
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0160557
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0128295
IRS990ScheduleA/Total509Grp/TotalAmt02010394
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01360533
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0189277
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0171732
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0160557
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0128295
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02010394
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/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01000000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt077200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1700000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ADVANCES FROM THIRD PARTY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHEDULE D - PART X - QUESTION 2: THE ORGANIZATION HAS ADOPTED THE AUTHORITATIVE ACCOUNTING GUIDANCE CONCERNING UNCERTAIN TAX POSITIONS. UNDER THE ADOPTED GUIDANCE, TAX BENEFITS ARISING FROM UNCERTAIN TAX POSITIONS ARE ONLY RECOGNIZED IF, AND TO THE EXTENT, MANAGEMENT DETERMINES THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED IN AN AUDIT BY THE RELEVANT TAXING AUTHORITY. THE ORGANIZATION HAS NOT RECORDED ANY PROVISION RELATED TO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01000000
IRS990ScheduleD/TotalLiabilityAmt0777200
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt01
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0APPRAISAL
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt01000000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RICHARD D. SEARLES - EXECUTIVE DIRECTOR AND DAVID S. SEARLES JR. - TREASURER ARE BROTHERS. PHILLIP E. SEARLES - PRESIDENT IS THE SON OF RICHARD D. SEARLES - EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR REVIEWS AND APPROVES THE FORM 990 PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICERS AND DIRECTORS ARE REMINDED OF THIS POLICY AT EACH BOARD MEETING AND ARE ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST FOR DISCUSSION BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RICHARD D. SEARLES - EXECUTIVE DIRECTOR, PHILLIP E. SEARLES - PRESIDENT AND DAVID S. SEARLES, JR.- TREASURER REVIEW AND APPROVE THE COMPILED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine10MYRTLE TERRACES GENERAL LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine11LAFAYETTE GENERAL ONE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0452530289
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING FOR LOW-INCOME ELDERLY AND HANDICAPPED PERSONS
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1AFFORDABLE HOUSING FOR LOW-INCOME ELDERLY AND HANDICAPPED PERSONS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine103555 SWEETWATER ROAD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine113555 SWEETWATER ROAD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/City0DULUTH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/City1DULUTH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/State0GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/State1GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCode030096
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCode130096
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08544
IRS990/TotalAssetsEOYAmt01724863
IRS990/TotalAssetsGrp/BOYAmt08544
IRS990/TotalAssetsGrp/EOYAmt01724863
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01000000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065174
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0336245
IRS990/TotalFunctionalExpensesGrp/TotalAmt0401419
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031640
IRS990/TotalLiabilitiesEOYAmt0788845
IRS990/TotalLiabilitiesGrp/BOYAmt031640
IRS990/TotalLiabilitiesGrp/EOYAmt0788845
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-23096
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0936018
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0336245
IRS990/TotalProgramServiceRevenueAmt0360533
IRS990/TotalReportableCompFromOrgAmt069700
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0360533
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01360533
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08544
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01724863
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-23096
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0936018
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine103555 SWEETWATER ROAD
IRS990/USAddress/City0DULUTH
IRS990/USAddress/State0GA
IRS990/USAddress/ZIPCode0300964720
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z

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