Civic Intelligence

1602 South Staples Housing Inc

990 • Fiscal year 2017 • EIN 26-3674070

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 06, 2018

Organization ProfileNONE
PO Box 10278San Antonio, TX 78210

(210) 531-0577

Siviq Scores

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

Liabilities / Assets

44th percentile

0.02x

Higher debt load relative to assets than 44% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

0.21x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

11th percentile

-26%

Higher net margin than 11% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

31st percentile

-2.3%

Faster asset growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

60th percentile

10.0%

Faster revenue growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$538,165

Down $12,475 (-2.3%) from 2016

Net Assets

Down

$527,181

Down $13,094 (-2.4%) from 2016

Liabilities

Up

$10,984

Up $619 (+6.0%) from 2016

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin11th percentile

Revenue

Up

$51,132

Up $4,643 (+10.0%) from 2016

Expenses

Up

$64,226

Up $10,101 (+19%) from 2016

Net Income

Down

-$13,094

Down $5,458 (-71%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$800K$600K$400K$200K$0Assets 2010: $650,502Liabilities 2010: $45,867Net Assets 2010: $604,6352010Assets 2011: $626,805Liabilities 2011: $29,902Net Assets 2011: $596,9032011Assets 2012: $614,435Liabilities 2012: $41,225Net Assets 2012: $573,2102012Assets 2013: $597,190Liabilities 2013: $44,928Net Assets 2013: $552,2622013Assets 2014: $580,725Liabilities 2014: $28,373Net Assets 2014: $552,3522014Assets 2015: $563,032Liabilities 2015: $15,121Net Assets 2015: $547,9112015Assets 2016: $550,640Liabilities 2016: $10,365Net Assets 2016: $540,2752016Assets 2017: $538,165Liabilities 2017: $10,984Net Assets 2017: $527,1812017Assets 2018: $523,449Liabilities 2018: $10,796Net Assets 2018: $512,6532018Assets 2019: $512,828Liabilities 2019: $19,878Net Assets 2019: $492,9502019Assets 2020: $499,017Liabilities 2020: $23,209Net Assets 2020: $475,8082020Assets 2021: $486,631Liabilities 2021: $37,629Net Assets 2021: $449,0022021Assets 2022: $469,649Liabilities 2022: $4,054Net Assets 2022: $465,5952022

Highlighted filing

2017

Assets$538,165
Liabilities$10,984
Net Assets$527,181
Open 2017 Filing

Operations Trend

Revenue Growth60th percentile

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

$100K$50K$0-$50KExpenses 2010: $14,2832010Expenses 2011: $59,0582011Expenses 2012: $57,7862012Revenue 2013: $33,693Expenses 2013: $54,641Net Income 2013: -$20,9482013Revenue 2014: $49,337Expenses 2014: $49,247Net Income 2014: $902014Revenue 2015: $46,998Expenses 2015: $51,439Net Income 2015: -$4,4412015Revenue 2016: $46,489Expenses 2016: $54,125Net Income 2016: -$7,6362016Revenue 2017: $51,132Expenses 2017: $64,226Net Income 2017: -$13,0942017Revenue 2018: $48,590Expenses 2018: $63,118Net Income 2018: -$14,5282018Revenue 2019: $48,008Expenses 2019: $67,711Net Income 2019: -$19,7032019Revenue 2020: $47,537Expenses 2020: $64,679Net Income 2020: -$17,1422020Revenue 2021: $43,631Expenses 2021: $70,437Net Income 2021: -$26,8062021Revenue 2022: $81,759Expenses 2022: $65,166Net Income 2022: $16,5932022

Highlighted filing

2017

Revenue$51,132
Expenses$64,226
Net Income-$13,094
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 6, 2018
Return Version
2017v2.3
Gross Receipts
$51,132
Mission and Program Overview

Mission

The corporation is a nonprofit corporation organized under the laws of texas on august 11, 2008,for the purpose of developing and operating an apartment complex of 6 units (one for mgr.) for developmentally disadvantaged citizens in corpus christi, texas. The project will operate under the provisions of section 811 of the national housing act and regulated by the u.s.department of hud. Such projects are regulated by hud as to rent charges and operating methods. The construction was completed in september 2010. Rent on the apartment units began november 2010.total housing assistance from hud during the year ended december 31, 2015 was $37,582.the project has executed a $550,840 capital advance agreement with u.s. Department of housting and urban development (hud), which requires the utilization of the project pursuant to section 811 for minimum of 40 years.the project received a $85,000 home investment partnership(home) program grant funded through the city of corpus christi, texas.

The corporation is a nonprofit corporation organized under the laws of texas on august 11, 2008, for the purpose of developing and operating an apartment complex of 6 units for developmentally disadvantaged citizens in corpus christi, texas. The project will operate under the provisions of section 811 of the national housing act and regulated by the u.s. Department of housing and urban development (hud). Such projects are regulated by hud as to rent charges and operating methods. The construction was completed in september 2010. Rent on the apartment units began on november 2010.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$543,021$528,419▼ $14,602
Savings and Temporary Cash Investments$4,687--
Cash and Non-Interest-Bearing Accounts$1,575$1,754▲ $179
Prepaid Expenses and Deferred Charges$1,357$912▼ $445
Total Assets$550,640$538,165▼ $12,475
Other Assets Total-$7,080-
Liabilities
Accounts Payable and Accrued Expenses$9,207$9,741▲ $534
Other Liabilities$1,158$1,161▲ $3
Deferred Revenue-$82-
Total Liabilities$10,365$10,984▲ $619
Net Assets / Fund Balance
Temporarily Rstr Net Assets$635,840$635,840→ $0
Unrestricted Net Assets$-95,565$-108,659▼ $13,094
Total Net Assets Fund Balance$540,275$527,181▼ $13,094
Total Liabilities and Net Assets / Fund Balance$550,640$538,165▼ $12,475

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$479,419$104,631$584,050
Land$49,000-$49,000
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Judy TelgePresident
Daniel GallegosDirector
Deborah SherrillDirector
Jon HarwoodDirector
Sue CoreySecretary
David WalkerTreasurer
Judy LoverdeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$51,131
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$-13,094

Audited Revenue Reconciliation

Revenue per Audited Statements
$51,132
Total Revenue per Audited Statements
$51,132
Total Revenue per Form 990
$51,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$46,531
Salaries, Compensation, and Employee Benefits$17,695
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$14,602--$14,602
Other Salaries and Wages$14,197--$14,197
Occupancy$8,710--$8,710
Fees for Services Accounting-$5,654-$5,654
Fees for Services Management-$4,602-$4,602
Office Expenses$2,351--$2,351
Other Expenses$1,868--$1,868
Payroll Taxes$1,752--$1,752
Other Employee Benefits$1,746--$1,746
Insurance$37--$37
Total Functional Expenses$53,970$10,256$0$64,226

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$64,226
Total Expenses per Audited Statements$64,226
Total Expenses per Form 990$64,226
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
Tenant Security Deposits$1,161
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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

“In may 2010, suzanne smith management company signed a management agreement to provide management services. The fee for services is ten percent (10%) of gross residential income collected.”

Form 990, Page 6, Part VI, Line 8B

“There are no additional committees, and as such, no additional minutes.”

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 has been provided to the organization's governing body, and they review it prior to sending to the irs.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, financial statements, and form 990 are available upon request.”

Filing and Contact Details

Filer

Filer Name
1602 South Staples Housing Inc
EIN
26-3674070
Phone
2105310577
Address
PO BOX 10278, SAN ANTONIO, TX 78210

Signing Officer

Name
Judy Telge
Title
President
Phone
2105310577
Signed
2018-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judy Telge
Formed
2008
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Maddox & Associates Apc
Address
5627 BANKERS AVE BLDG 2, BATON ROUGE, LA 70808-2610
Preparer
Jeffrey M Maddox
Phone
2259263360
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation is a nonprofit corporation organized under the laws of texas on august 11, 2008, for the purpose of developing and operating an apartment complex of 6 units (one for mgr.) for developmentally disadvantaged citizens in corpus christi, texas. The project will operate under the provisions of section 811 of the national housing act and regulated by the u.s. Department of housing and urban development (hud). Such projects are regulated by hud as to rent charges and operating methods. The construction was completed in september 2010. Rent on the apartment units began on november 2010.”

Raw XML Appendix357 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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt046991
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt049337
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt033693
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt049337
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt033693
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleD/TotalLiabilityAmt01161
IRS990ScheduleD/TotalRevenuePerForm990Amt051132
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF TEXAS ON AUGUST 11, 2008, FOR THE PURPOSE OF DEVELOPING AND OPERATING AN APARTMENT COMPLEX OF 6 UNITS (ONE FOR MGR.) FOR DEVELOPMENTALLY DISADVANTAGED CITIZENS IN CORPUS CHRISTI, TEXAS. THE PROJECT WILL OPERATE UNDER THE PROVISIONS OF SECTION 811 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. THE CONSTRUCTION WAS COMPLETED IN SEPTEMBER 2010. RENT ON THE APARTMENT UNITS BEGAN ON NOVEMBER 2010.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN MAY 2010, SUZANNE SMITH MANAGEMENT COMPANY SIGNED A MANAGEMENT AGREEMENT TO PROVIDE MANAGEMENT SERVICES. THE FEE FOR SERVICES IS TEN PERCENT (10%) OF GROSS RESIDENTIAL INCOME COLLECTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO ADDITIONAL COMMITTEES, AND AS SUCH, NO ADDITIONAL MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 HAS BEEN PROVIDED TO THE ORGANIZATION'S GOVERNING BODY, AND THEY REVIEW IT PRIOR TO SENDING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORM 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt053970
IRS990/TotalFunctionalExpensesGrp/TotalAmt064226
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010365
IRS990/TotalLiabilitiesEOYAmt010984
IRS990/TotalLiabilitiesGrp/BOYAmt010365
IRS990/TotalLiabilitiesGrp/EOYAmt010984
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IRS990/TotalProgramServiceExpensesAmt053970
IRS990/TotalProgramServiceRevenueAmt051131
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt051132
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt051132
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0538165
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-95565
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-108659
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06622 SAHARA DR
IRS990/USAddress/CityNm0CORPUS CHRISTI
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078142
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUDY TELGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02105310577
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt01602 SOUTH STAPLES HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt01602
ReturnHeader/Filer/EIN0263674070
ReturnHeader/Filer/PhoneNum02105310577
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 10278
ReturnHeader/Filer/USAddress/CityNm0SAN ANTONIO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078210
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId076F67467AAFC9854C0A77121D238A72D93BF1653
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId076F67467AAFC9854C0A77121D238A72D93BF1653
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.96.157.239
ReturnHeader/FilingSecurityInformation/IPDt02018-05-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm007:41:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721314069
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MADDOX & ASSOCIATES APC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05627 BANKERS AVE BLDG 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BATON ROUGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0708082610
ReturnHeader/PreparerPersonGrp/PhoneNum02259263360
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY M MADDOX
ReturnHeader/ReturnTs02018-05-04T07:41:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$538,165
Liabilities
$10,984
Net assets
$527,181
Revenue
$51,132
Expenses
$64,226
Net income
-$13,094
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$4.70$0.04$4.66$0.82$0.65$0.17
2021Detailed filing. Detailed filing data is available for this year.$4.87$0.38$4.49$0.44$0.70$0.27
2020Detailed filing. Detailed filing data is available for this year.$4.99$0.23$4.76$0.48$0.65$0.17
2019Detailed filing. Detailed filing data is available for this year.$5.13$0.20$4.93$0.48$0.68$0.20
2018Detailed filing. Detailed filing data is available for this year.$5.23$0.11$5.13$0.49$0.63$0.15
2017Detailed filing. Detailed filing data is available for this year.$5.38$0.11$5.27$0.51$0.64$0.13
2016Detailed filing. Detailed filing data is available for this year.$5.51$0.10$5.40$0.46$0.54$0.08
2015Detailed filing. Detailed filing data is available for this year.$5.63$0.15$5.48$0.47$0.51$0.04
2014Detailed filing. Detailed filing data is available for this year.$5.81$0.28$5.52$0.49$0.49$0.00
2013Detailed filing. Detailed filing data is available for this year.$5.97$0.45$5.52$0.34$0.55$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.14$0.41$5.73$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.27$0.30$5.97$0.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.51$0.46$6.05$0.14