Civic Intelligence

Old Towne Square Inc.

990 • Fiscal year 2024 • EIN 26-1404499

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 01, 2025

609 SW F AvenueLawton, OK 73501

(580) 353-7392

Siviq Scores

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

Liabilities / Assets

96th percentile

1.29x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

19.30x

Higher debt load relative to revenue than 99% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

8th percentile

-36%

Higher net margin than 8% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$117,308

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 68.0% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

42nd percentile

1.6%

Faster asset growth than 42% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

14%

Faster revenue growth than 60% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,590,467

Up $41,190 (+1.6%) from 2023

Net Assets

Down

-$739,883

Down $61,718 (-9.1%) from 2023

Liabilities

Up

$3,330,350

Up $102,908 (+3.2%) from 2023

Revenue

Up

$172,542

Up $21,636 (+14%) from 2023

Expenses

Up

$234,260

Up $16,878 (+7.8%) from 2023

Net Income

Up

-$61,718

Up $4,758 (+7.2%) from 2023

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2021: $2,762,332Liabilities 2021: $3,238,247Net Assets 2021: -$475,9152021Assets 2022: $2,642,544Liabilities 2022: $3,254,233Net Assets 2022: -$611,6892022Assets 2023: $2,549,277Liabilities 2023: $3,227,442Net Assets 2023: -$678,1652023Assets 2024: $2,590,467Liabilities 2024: $3,330,350Net Assets 2024: -$739,8832024Assets 2025: $2,453,350Liabilities 2025: $3,286,496Net Assets 2025: -$833,1462025

Highlighted filing

2024

Assets$2,590,467
Liabilities$3,330,350
Net Assets-$739,883

Operations Trend

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

$400K$200K$0-$200KRevenue 2021: $166,193Expenses 2021: $191,334Net Income 2021: -$25,1412021Revenue 2022: $150,164Expenses 2022: $285,938Net Income 2022: -$135,7742022Revenue 2023: $150,906Expenses 2023: $217,382Net Income 2023: -$66,4762023Revenue 2024: $172,542Expenses 2024: $234,260Net Income 2024: -$61,7182024Revenue 2025: $154,540Expenses 2025: $247,803Net Income 2025: -$93,2632025

Highlighted filing

2024

Revenue$172,542
Expenses$234,260
Net Income-$61,718
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 1, 2025
Return Version
2023v6.0
Gross Receipts
$172,542
Mission and Program Overview

Mission

To provide housing to low income elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,232,072$2,225,334▼ $6,738
Savings and Temporary Cash Investments$303,682$308,773▲ $5,091
Cash and Non-Interest-Bearing Accounts$10,558$46,020▲ $35,462
Prepaid Expenses and Deferred Charges$2,134$8,968▲ $6,834
Accounts Receivable$831$1,372▲ $541
Total Assets$2,549,277$2,590,467▲ $41,190
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,215,700$3,215,700→ $0
Accounts Payable and Accrued Expenses$11,598$114,239▲ $102,641
Deferred Revenue$144$411▲ $267
Total Liabilities$3,227,442$3,330,350▲ $102,908
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-678,165$-739,883▼ $61,718
Total Net Assets Fund Balance$-678,165$-739,883▼ $61,718
Total Liabilities and Net Assets / Fund Balance$2,549,277$2,590,467▲ $41,190

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,054,667$1,031,502$3,086,169
Land$170,000-$170,000
Equipment$0$12,120$12,120
Other Land Buildings$667$1,598$2,265
Compensation and Service Providers

Employees

NameTitleOtherTotal
Rita LoveExecutive Director$117,308$117,308

Board Members and Trustees

NameTitle
Mark AshtonPresident
Tom AplinVice-President
Charles WebberDirector
Lynda BentleyDirector
Lynn FitzDirector
Marvin Edward DearDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$62,314
Program Service Revenue
$109,501
Investment Income
$727
Other Revenue
$0
Change in Net Assets
$-61,718

Audited Revenue Reconciliation

Revenue per Audited Statements
$172,542
Total Revenue per Audited Statements
$172,542
Total Revenue per Form 990
$172,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,245
Salaries, Compensation, and Employee Benefits$33,015
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$81,888$0$0$81,888
Occupancy$74,378$0$0$74,378
Other Salaries and Wages$29,359$0$0$29,359
Insurance$14,512$928$0$15,440
Fees for Services Management$0$13,284$0$13,284
Fees for Services Accounting$0$10,467$0$10,467
Office Expenses$2,999$0$0$2,999
Payroll Taxes$2,021$0$0$2,021
Other Employee Benefits$1,635$0$0$1,635
Other Expenses$995$0$0$995
Total Functional Expenses$209,581$24,679$0$234,260

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$234,261
Total Expenses per Audited Statements$234,261
Total Expenses per Form 990$234,261
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
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 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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Old Towne Square Inc
EIN
26-1404499
Phone
5803537392
Address
609 SW F Avenue, Lawton, OK 73501

Signing Officer

Name
Rita Love
Title
Executive Director
Phone
5803537392
Signed
2025-01-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rita Love
Formed
2007
Legal Domicile
Ok
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Urlaub & Co PLLC
Address
803 Rolling Hills Ln, Ada, OK 74820
Preparer
Ronald Urlaub
Phone
5803324802
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

The organization conducts monthly board meetings

Pt VI, Line 11B

The organization presents the 990 form to the board at the monthly meeting

Pt VI, Line 12C

The board reviews procedures annually to prepare for the audit

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt087151
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0351101
IRS990ScheduleA/TotalSupportAmt0360738
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02054667
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01031502
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03086169
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012120
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012120
IRS990ScheduleD/ExpensesSubtotalAmt0234261
IRS990ScheduleD/LandGrp/BookValueAmt0170000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0170000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0667
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01598
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02265
IRS990ScheduleD/RevenueSubtotalAmt0172542
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02225334
IRS990ScheduleD/TotalExpensesPerForm990Amt0234261
IRS990ScheduleD/TotalRevenuePerForm990Amt0172542
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0172542
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0234261
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization conducts monthly board meetings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization presents the 990 form to the board at the monthly meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board reviews procedures annually to prepare for the audit
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Lawton Housing Authority
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0730755758
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0government
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Housing Authority
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0609 SW F Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Lawton
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd073501
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt015593
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt113284
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Allocation
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Mgmt. Fee
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Lawton Housing Authority
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Lawton Housing Authority
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02549277
IRS990/TotalAssetsEOYAmt02590467
IRS990/TotalAssetsGrp/BOYAmt02549277
IRS990/TotalAssetsGrp/EOYAmt02590467
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt062314
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024679
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0209581
IRS990/TotalFunctionalExpensesGrp/TotalAmt0234260
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03227442
IRS990/TotalLiabilitiesEOYAmt03330350
IRS990/TotalLiabilitiesGrp/BOYAmt03227442
IRS990/TotalLiabilitiesGrp/EOYAmt03330350
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-678165
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-739883
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0209581

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