Civic Intelligence

The Haven on Broad Inc

990 • Fiscal year 2023 • EIN 26-1698420

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 24, 2024

PO Box 402Cairo, GA 39828

(229) 378-3633

Siviq Scores

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

Liabilities / Assets

97th percentile

1.55x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

21.74x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

7th percentile

-49%

Higher net margin than 7% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

28th percentile

-2.6%

Faster asset growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

45th percentile

4.0%

Faster revenue growth than 45% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,053,057

Down $27,610 (-2.6%) from 2022

Net Assets

Down

-$579,641

Down $36,913 (-6.8%) from 2022

Liabilities

Up

$1,632,698

Up $9,303 (+0.6%) from 2022

Revenue

Up

$75,106

Up $2,855 (+4.0%) from 2022

Expenses

Down

$112,019

Down $3,629 (-3.1%) from 2022

Net Income

Up

-$36,913

Up $6,484 (+15%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2020: $1,143,064Liabilities 2020: $1,605,051Net Assets 2020: -$461,9872020Assets 2021: $1,112,475Liabilities 2021: $1,611,806Net Assets 2021: -$499,3312021Assets 2022: $1,080,667Liabilities 2022: $1,623,395Net Assets 2022: -$542,7282022Assets 2023: $1,053,057Liabilities 2023: $1,632,698Net Assets 2023: -$579,6412023Assets 2024: $1,013,312Liabilities 2024: $1,636,570Net Assets 2024: -$623,2582024

Highlighted filing

2023

Assets$1,053,057
Liabilities$1,632,698
Net Assets-$579,641

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2020: $71,315Expenses 2020: $102,205Net Income 2020: -$30,8902020Revenue 2021: $62,476Expenses 2021: $99,820Net Income 2021: -$37,3442021Revenue 2022: $72,251Expenses 2022: $115,648Net Income 2022: -$43,3972022Revenue 2023: $75,106Expenses 2023: $112,019Net Income 2023: -$36,9132023Revenue 2024: $78,094Expenses 2024: $121,711Net Income 2024: -$43,6172024

Highlighted filing

2023

Revenue$75,106
Expenses$112,019
Net Income-$36,913
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 24, 2024
Return Version
2023v5.1
Gross Receipts
$75,106
Mission and Program Overview

Mission

Provided housing to low income elderly persons by operating an apartment community regulated by the u.s. Department of housing and urban development under section 202 of the national housing act of 1959.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,025,230$991,385▼ $33,845
Prepaid Expenses and Deferred Charges$7,028$8,031▲ $1,003
Cash and Non-Interest-Bearing Accounts$421$5,054▲ $4,633
Total Assets$1,080,667$1,053,057▼ $27,610
Other Assets Total$47,988$48,587▲ $599
Liabilities
Other Liabilities$1,586,262$1,585,576▼ $686
Accounts Payable and Accrued Expenses$37,133$47,122▲ $9,989
Total Liabilities$1,623,395$1,632,698▲ $9,303
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-542,728$-579,641▼ $36,913
Total Net Assets Fund Balance$-542,728$-579,641▼ $36,913
Total Liabilities and Net Assets / Fund Balance$1,080,667$1,053,057▼ $27,610

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$894,202$492,923$1,387,125
Land$95,000-$95,000
Other Land Buildings$2,183$88,427$90,610
Compensation and Service Providers

Board Members and Trustees

NameTitle
Johnny H MoorePresident
Bubba KnightDirector
Larry WilliamsDirector
Philip PalmerDirector
Ray JoynerDirector
Richard CastilloDirector
Tony GurleyDirector
Wayne MorganDirector
Julie BarrineauSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$74,832
Investment Income
$274
Other Revenue
$0
Change in Net Assets
$-36,913

Audited Revenue Reconciliation

Revenue per Audited Statements
$75,106
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$75,106
Total Revenue per Form 990
$75,106
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$85,799
Salaries, Compensation, and Employee Benefits$26,220
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$35,217--$35,217
Other Salaries and Wages$26,220--$26,220
Fees for Services Management-$9,092-$9,092
Insurance$9,086--$9,086
Occupancy$6,879--$6,879
Fees for Services Accounting-$5,550-$5,550
Information Technology$2,110--$2,110
Office Expenses$868--$868
Other Expenses$30$130-$30
Total Functional Expenses$97,247$14,772$0$112,019

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$112,019
Total Expenses per Audited Statements$112,019
Total Expenses per Form 990$112,019
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Capital Advance$1,578,800
Tenant Security Deposits$4,416
Due to Affiliate$2,360
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has entered into a management agreement with a management company for day-to-day management of the apartment community as is common practice for owners/operators of hud-assisted rental communities. Family worship center church of god, inc manages the project and is affiliated with the organization.

Form 990, Part VI, Section B, Line 11B

The return is prepared by a certified public accounting firm and provided to the secretary/treasurer for initial review and approval. After any questions and comments from the secretary/treasurer are addressed, the return is provided to the board of directors for final review. After any questions and comments from the board of directors are addressed, the final approved return is signed and filed by the designated board officer.

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

Compliance is monitored at regularly scheduled meetings of the board of directors and at other times, if needed.

Form 990, Part VI, Section C, Line 19

Documents are maintained by the board of directors and copies are provided upon request.

Filing and Contact Details

Filer

Filer Name
The Haven on Broad Inc
EIN
26-1698420
Phone
2293783633
Address
PO BOX 402, CAIRO, GA 39828

Signing Officer

Name
Julie Barrineau
Title
Treasurer
Phone
2293783633
Signed
2024-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Johnny H Moore
Formed
2008
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Samuel T Boerma
Phone
8506500125
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The corporation has adopted accounting for uncertainty in income taxes (fasb accounting standards codification (asc) 740, income taxes). It requires that a tax position be recognized or derecognized based on a 'more-likely-than-not' threshold. This applies to positions taken or expected to be taken in a tax return. The implementation had no impact on the corporation's statement of financial position or statement of activities. The corporation does not believe its financial statements include any uncertain tax positions and that no income taxes are due for its activities. Therefore, no provision for income taxes is included in the financial statements.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt062411
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt071256
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt069993
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0350673
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0274
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt070
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt059
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0513
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99850
IRS990ScheduleA/PublicSupportPY509Pct00.99920
IRS990ScheduleA/PublicSupportTotal509Amt0350673
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt074832
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt072181
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt062411
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt071256
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt069993
IRS990ScheduleA/Total509Grp/TotalAmt0350673
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt075106
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt072251
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt062476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt071315
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt070038
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0351186
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0894202
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0492923
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01387125
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0112019
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt095000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt095000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02183
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt088427
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt090610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01578800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14416
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt075106
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION HAD NO IMPACT ON THE CORPORATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE CORPORATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0991385
IRS990ScheduleD/TotalExpensesPerForm990Amt0112019
IRS990ScheduleD/TotalLiabilityAmt01585576
IRS990ScheduleD/TotalRevenuePerForm990Amt075106
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt075106
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0112019
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT COMPANY FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS COMMON PRACTICE FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. FAMILY WORSHIP CENTER CHURCH OF GOD, INC MANAGES THE PROJECT AND IS AFFILIATED WITH THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM AND PROVIDED TO THE SECRETARY/TREASURER FOR INITIAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE SECRETARY/TREASURER ARE ADDRESSED, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW. AFTER ANY QUESTIONS AND COMMENTS FROM THE BOARD OF DIRECTORS ARE ADDRESSED, THE FINAL APPROVED RETURN IS SIGNED AND FILED BY THE DESIGNATED BOARD OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLIANCE IS MONITORED AT REGULARLY SCHEDULED MEETINGS OF THE BOARD OF DIRECTORS AND AT OTHER TIMES, IF NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE HAVEN ON BROAD SOUTH INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0273727630
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING FOR LOW INCOME ELDERLY PERSONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 402
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CAIRO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd039828
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01080667
IRS990/TotalAssetsEOYAmt01053057
IRS990/TotalAssetsGrp/BOYAmt01080667
IRS990/TotalAssetsGrp/EOYAmt01053057
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014772
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt097247
IRS990/TotalFunctionalExpensesGrp/TotalAmt0112019
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01623395
IRS990/TotalLiabilitiesEOYAmt01632698
IRS990/TotalLiabilitiesGrp/BOYAmt01623395
IRS990/TotalLiabilitiesGrp/EOYAmt01632698
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-542728
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-579641
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt097247
IRS990/TotalProgramServiceRevenueAmt074832

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