Civic Intelligence

Beverly J Searles Foundation

990 • Fiscal year 2016 • EIN 26-0823326

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 31, 2017

Organization ProfileN/A
5030 Nesbit Ferry LaneSandy Springs, GA 30350

(678) 467-6861

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.12x

Higher debt load relative to assets than 52% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

66th percentile

0.25x

Higher debt load relative to revenue than 66% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

54th percentile

$72,000

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

3rd percentile

-38%

Faster asset growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

49th percentile

2.2%

Faster revenue growth than 49% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$3,617,226

Down $2,198,009 (-38%) from 2015

Net Assets

Up

$3,199,577

Up $842,144 (+36%) from 2015

Liabilities

Down

$417,649

Down $3,040,153 (-88%) from 2015

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin92nd percentile

Revenue

Up

$1,648,473

Up $35,545 (+2.2%) from 2015

Expenses

Up

$806,329

Up $16,354 (+2.1%) from 2015

Net Income

Up

$842,144

Up $19,191 (+2.3%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

2016

Assets$3,617,226
Liabilities$417,649
Net Assets$3,199,577
Open 2016 Filing

Operations Trend

Revenue Growth49th percentile

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

2016

Revenue$1,648,473
Expenses$806,329
Net Income$842,144
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 31, 2017
Return Version
2016v3.0
Gross Receipts
$1,648,473
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 person and those with lower incomes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,000,000$2,000,000▼ $3,000,000
Accounts Receivable-$813,448-
Cash and Non-Interest-Bearing Accounts$347,684$146,112▼ $201,572
Total Assets$5,815,235$3,617,226▼ $2,198,009
Other Assets Total$467,551$657,666▲ $190,115
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,000,000--
Other Liabilities$368,180$283,841▼ $84,339
Accounts Payable and Accrued Expenses$89,622$133,808▲ $44,186
Total Liabilities$3,457,802$417,649▼ $3,040,153
Net Assets / Fund Balance
Unrestricted Net Assets$2,357,433$3,199,577▲ $842,144
Total Net Assets Fund Balance$2,357,433$3,199,577▲ $842,144
Total Liabilities and Net Assets / Fund Balance$5,815,235$3,617,226▼ $2,198,009

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,000,000-$2,000,000
Other Assets Org$294,112--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Philip E SearlesPresidentFT$72,000$72,000
Richard D SearlesExecutive DirectorPT$72,000$72,000

Board Members and Trustees

NameTitle
Brian DickhausDirector
G Malcolm KilpatrickDirector
Geneva CrownhartDirector
Marion NurseDirector
Patricia GadsonDirector
David S Searles JrTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$27,500
Program Service Revenue
$1,542,398
Investment Income
$0
Other Revenue
$78,575
All Other Contributions
$27,500
Change in Net Assets
$842,144
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$574,435
Salaries, Compensation, and Employee Benefits$231,894
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$215,814--$215,814
Other Expenses$25,204$25,203-$50,407
Payroll Taxes$16,080--$16,080
Total Functional Expenses$781,126$25,203$0$806,329
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
Due to Affiliates$283,841
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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 B, Line 11B

“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 18

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

Form 990, Part VI, Section C, Line 19

“The documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Beverly J Searles Foundation
EIN
26-0823326
Phone
6784676861
Address
5030 NESBIT FERRY LANE, SANDY SPRINGS, GA 30350

Signing Officer

Name
Phillip Searles
Title
President
Phone
6784676861
Signed
2017-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip Searles
Formed
2007
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Haw Aprio Llp
Address
FIVE CONCOURSE PARKWAY SUITE 1000, ATLANTA, GA 30328
Preparer
Ed D Deck CPA
Phone
4048929651
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 13A

“GA”

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 annual compiled financial statements.”

Financial Statement Notes

PART X, LINE 2:

“There are no uncertain tax positions under fin 48 (asc 740-10) disclosed in the compiled financial statements and footnotes.”

Raw XML AppendixShowing 400 of 446 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.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt089622
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0133808
IRS990/AccountsReceivableGrp/EOYAmt0813448
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION HAS BEEN FORMED TO PROVIDE HOUSING AND SUPPORT SERVICES FOR THE ELDERLY AND DISABLED PERSON AND THOSE WITH LOWER INCOMES.
IRS990/AddressChangeInd0X
IRS990/AllOtherContributionsAmt027500
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PHILLIP SEARLES
IRS990/BooksInCareOfDetail/PhoneNum06784676861
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03555 SWEETWATER ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0DULUTH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd030096
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0347684
IRS990/CashNonInterestBearingGrp/EOYAmt0146112
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt027500
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0574435
IRS990/CYOtherRevenueAmt078575
IRS990/CYProgramServiceRevenueAmt01542398
IRS990/CYRevenuesLessExpensesAmt0842144
IRS990/CYSalariesCompEmpBnftPaidAmt0231894
IRS990/CYTotalExpensesAmt0806329
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01648473
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE ORGANIZATION PROVIDES SERVICES TO LOW-INCOME SENIORS INCLUDING FOOD SERVICES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0440882
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0RICHARD D SEARLES
IRS990/Form990PartVIISectionAGrp/PersonNm1PHILIP E SEARLES
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID S SEARLES JR
IRS990/Form990PartVIISectionAGrp/PersonNm3PATRICIA GADSON
IRS990/Form990PartVIISectionAGrp/PersonNm4G MALCOLM KILPATRICK
IRS990/Form990PartVIISectionAGrp/PersonNm5BRIAN DICKHAUS
IRS990/Form990PartVIISectionAGrp/PersonNm6GENEVA CROWNHART
IRS990/Form990PartVIISectionAGrp/PersonNm7MARION NURSE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt072000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt172000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01648473
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05000000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02000000
IRS990/LandBldgEquipCostOrOtherBssAmt02000000
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S PRIMARY MISSION IS TO PROVIDE QUALITY SAFE AFFORDABLE HOUSING AND SUPPORT SERVICES FOR ELIGIBLE LOW-INCOME SENIORS AND DISABLED PERSONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03000000
IRS990/NetAssetsOrFundBalancesBOYAmt02357433
IRS990/NetAssetsOrFundBalancesEOYAmt03199577
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0467551
IRS990/OtherAssetsTotalGrp/EOYAmt0657666
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM SERVICE EXPENSE
IRS990/OtherExpensesGrp/Desc1PROGRAM SERVICE EXPENSE
IRS990/OtherExpensesGrp/Desc2GENERAL & ADMINISTRATIV
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025203
IRS990/OtherExpensesGrp/ProgramServicesAmt0440882
IRS990/OtherExpensesGrp/ProgramServicesAmt183146
IRS990/OtherExpensesGrp/ProgramServicesAmt225204
IRS990/OtherExpensesGrp/TotalAmt0440882
IRS990/OtherExpensesGrp/TotalAmt183146
IRS990/OtherExpensesGrp/TotalAmt250407
IRS990/OtherLiabilitiesGrp/BOYAmt0368180
IRS990/OtherLiabilitiesGrp/EOYAmt0283841
IRS990/OtherRevenueMiscGrp/Desc0DEBT FORGIVENESS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt078575
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt078575
IRS990/OtherRevenueTotalAmt078575
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0215814
IRS990/OtherSalariesAndWagesGrp/TotalAmt0215814
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt016080
IRS990/PayrollTaxesGrp/TotalAmt016080
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PHILLIP SEARLES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531310
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPMENT AND CONSUL
IRS990/ProgramServiceRevenueGrp/Desc1RESIDENT SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01192814
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1349584
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01192814
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1349584
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION SPONSORS THE DEVELOPMENT AND OPERATIONS OF AFFORDABLE HOUSING COMMUNITIES FOR LOW INCOME ELERLY ANDHANDICAPPED PERSONS PRIMARILY UNDER THE SECTION 42 LOW-INCOME HOUSING TAX CREDIT PROGRAM. THE ORGANIZATION FUNDS CERTAINPREDEVELOPMENT ACTIVITIES AND OVERSIGHT DURING CONSTRUCTION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0340244
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01271389
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01024500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021397
IRS990/PYOtherExpensesAmt0567570
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0567031
IRS990/PYRevenuesLessExpensesAmt0822953
IRS990/PYSalariesCompEmpBnftPaidAmt0222405
IRS990/PYTotalExpensesAmt0789975
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01612928
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0842144
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0349584
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt027500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01024500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01000000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02052000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01542398
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0567031
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01055629
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0360533
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0189277
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03714868
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt05766868
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01569898
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01591531
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01055629
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01360533
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0189277
IRS990ScheduleA/Total509Grp/TotalAmt05766868
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01569898
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01591531
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01055629
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01360533
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0189277
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05766868
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/BookValueAmt02000000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02000000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0363554
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1294112
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ADVANCES TO AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ADVANCES TO NEW PROJECTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0283841
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740-10) DISCLOSED IN THE COMPILED FINANCIAL STATEMENTS AND FOOTNOTES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02000000
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0657666
IRS990ScheduleD/TotalLiabilityAmt0283841
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RICHARD 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/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/ExplanationTxt4RICHARD D. SEARLES - EXECUTIVE DIRECTOR, PHILLIP E. SEARLES - PRESIDENT AND DAVID S. SEARLES, JR. - TREASURER REVIEW AND APPROVE THE ANNUAL COMPILED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RICHARD D. SEARLES - EXECUTIVE DIRECTOR, PHILLIP E. SEARLES - PRESIDENT AND DAVID S. SEARLES, JR. - TREASURER REVIEW AND APPROVE THE ANNUAL COMPILED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 13A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0MYRTLE TERRACES GENERAL LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1LAFAYETTE GENERAL ONE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2BJS NEWNAN GENERAL LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt3FRIENDS OF BEVERLY SOCIAL CLUB LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0452530289
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd3GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1AFFORDABLE HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt03555 SWEETWATER ROAD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt13555 SWEETWATER ROAD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt23555 SWEETWATER ROAD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt33555 SWEATWATER ROAD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0DULUTH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1DULUTH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm2DULUTH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm3DULUTH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd2GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd3GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd030096
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd130096
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd230096
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd330096
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0452584405
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0BEVERLY J SEARLES SERVICES CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt05030 NESBIT FERRY LANE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0SANDY SPRINGS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd030350
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05815235
IRS990/TotalAssetsEOYAmt03617226
IRS990/TotalAssetsGrp/BOYAmt05815235
IRS990/TotalAssetsGrp/EOYAmt03617226
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt027500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025203
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0781126
IRS990/TotalFunctionalExpensesGrp/TotalAmt0806329
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03457802
IRS990/TotalLiabilitiesEOYAmt0417649
IRS990/TotalLiabilitiesGrp/BOYAmt03457802
IRS990/TotalLiabilitiesGrp/EOYAmt0417649
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02357433
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03199577
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0781126
IRS990/TotalProgramServiceRevenueAmt01542398
IRS990/TotalReportableCompFromOrgAmt0144000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01620973
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01648473
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05815235
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03617226
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,617,226
Liabilities
$417,649
Net assets
$3,199,577
Revenue
$1,648,473
Expenses
$806,329
Net income
$842,144
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.1$0.02$14.1$1.93$2.26$0.33
2023Detailed filing. Detailed filing data is available for this year.$13.2$0.21$13.0$2.26$2.31$0.05
2022Detailed filing. Detailed filing data is available for this year.$12.7$0.02$12.7$0.79$2.49$3.27
2021Detailed filing. Detailed filing data is available for this year.$17.0$0.02$17.0$5.67$2.38$3.29
2020Detailed filing. Detailed filing data is available for this year.$13.7$0.15$13.6$9.14$2.95$6.19
2019Detailed filing. Detailed filing data is available for this year.$7.33$0.04$7.29$3.77$2.45$1.32
2018Detailed filing. Detailed filing data is available for this year.$6.52$0.56$5.96$3.08$1.93$1.15
2017Detailed filing. Detailed filing data is available for this year.$5.57$0.75$4.82$2.56$0.95$1.62
2016Detailed filing. Detailed filing data is available for this year.$3.62$0.42$3.20$1.65$0.81$0.84
2015Detailed filing. Detailed filing data is available for this year.$5.82$3.46$2.36$1.61$0.79$0.82
2014Detailed filing. Detailed filing data is available for this year.$1.63$0.10$1.53$1.06$0.46$0.60
2013Detailed filing. Detailed filing data is available for this year.$1.72$0.79$0.94$1.36$0.40$0.96