Civic Intelligence

Lcip III Inc

EIN 26-4150878 • 501(c)3 • Philadelphia, PA

Profile

Hud housing project that creates affordable accessible integrated housing for people with disabilities

112 N 8th Street Ste 600Philadelphia, PA 19107

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.53x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

7.02x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

6th percentile

-56%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

36th percentile

-0.6%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Assets

Down

$2,704,251

Down $6,558 (-0.2%) from 2024

Liabilities

Up

$1,435,256

Up $107,510 (+8.1%) from 2024

Net Assets

Down

$1,268,995

Down $114,068 (-8.2%) from 2024

Revenue

Up

$204,399

Up $44,820 (+28%) from 2024

Expenses

Up

$318,467

Up $33,461 (+12%) from 2024

Net Income

Up

-$114,068

Up $11,359 (+9.1%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2018: $2,823,930Liabilities 2018: $839,726Net Assets 2018: $1,984,2042018Assets 2019: $2,928,753Liabilities 2019: $995,998Net Assets 2019: $1,932,7552019Assets 2020: $2,865,384Liabilities 2020: $1,025,747Net Assets 2020: $1,839,6372020Assets 2021: $2,819,087Liabilities 2021: $1,067,515Net Assets 2021: $1,751,5722021Assets 2022: $2,749,624Liabilities 2022: $1,106,679Net Assets 2022: $1,642,9452022Assets 2023: $2,814,918Liabilities 2023: $1,306,428Net Assets 2023: $1,508,4902023Assets 2024: $2,710,809Liabilities 2024: $1,327,746Net Assets 2024: $1,383,0632024Assets 2025: $2,704,251Liabilities 2025: $1,435,256Net Assets 2025: $1,268,9952025

Highlighted filing

2025

Assets$2,704,251
Liabilities$1,435,256
Net Assets$1,268,995

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2018: $166,399Expenses 2018: $234,080Net Income 2018: -$67,6812018Revenue 2019: $163,663Expenses 2019: $215,112Net Income 2019: -$51,4492019Revenue 2020: $152,546Expenses 2020: $245,664Net Income 2020: -$93,1182020Revenue 2021: $157,994Expenses 2021: $246,059Net Income 2021: -$88,0652021Revenue 2022: $148,538Expenses 2022: $257,165Net Income 2022: -$108,6272022Revenue 2023: $157,312Expenses 2023: $291,767Net Income 2023: -$134,4552023Revenue 2024: $159,579Expenses 2024: $285,006Net Income 2024: -$125,4272024Revenue 2025: $204,399Expenses 2025: $318,467Net Income 2025: -$114,0682025

Highlighted filing

2025

Revenue$204,399
Expenses$318,467
Net Income-$114,068

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 2, 2026
Return Version
2024v5.5
Gross Receipts
$204,399
Mission and Program Overview

Mission

Hud housing project that creates affordable accessible integrated housing for people with disabilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,504,970$2,434,702▼ $70,268
Accounts Receivable$118,077$187,138▲ $69,061
Cash and Non-Interest-Bearing Accounts$7,831$0▼ $7,831
Total Assets$2,710,809$2,704,251▼ $6,558
Other Assets Total$79,931$82,411▲ $2,480
Liabilities
Mortgage Notes Payable Secured by Investment Property$970,448$970,448→ $0
Other Liabilities$340,239$427,321▲ $87,082
Accounts Payable and Accrued Expenses$17,059$37,487▲ $20,428
Total Liabilities$1,327,746$1,435,256▲ $107,510
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,109,500$2,109,500→ $0
Net Assets Without Donor Restrictions$-726,437$-840,505▼ $114,068
Total Net Assets Fund Balance$1,383,063$1,268,995▼ $114,068
Total Liabilities and Net Assets / Fund Balance$2,710,809$2,704,251▼ $6,558

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,079,989$920,858$3,000,847
Land$265,301-$265,301
Equipment$89,412$37,313$126,725
Leasehold Improvements$0$8,160$8,160
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas EarlePresident
Lily McbrideDirector
Louis OlivoDirector
Bianca WaliddinExecutive Director
Lynn YorgeySecretary
Nathor JenkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$204,367
Investment Income
$32
Other Revenue
$0
Change in Net Assets
$-114,068

Audited Revenue Reconciliation

Revenue per Audited Statements
$204,399
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$204,399
Total Revenue per Form 990
$204,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$242,550
Salaries, Compensation, and Employee Benefits$75,917
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$98,468--$98,468
Other Salaries and Wages$53,935--$53,935
Other Employee Benefits$17,238--$17,238
Insurance$15,008--$15,008
Fees for Services Accounting-$14,000-$14,000
Fees for Services Management-$8,000-$8,000
Office Expenses-$7,779-$7,779
Payroll Taxes$4,744--$4,744
Other Expenses$2,588--$2,588
All Other Expenses$277$14-$291
Total Functional Expenses$288,674$29,793$0$318,467

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$318,467
Total Expenses per Audited Statements$318,467
Total Expenses per Form 990$318,467
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
Due to Affiliated Entities$422,279
Tenant Security Deposits$5,042
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

The board of directors receive a draft of the form 990 for review and approval before filing

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

The board of directors is required to review conflict of interest policies annually.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Lcip Iii Inc
EIN
26-4150878
Phone
2156342000
Address
112 N 8TH STREET STE 600, PHILADELPHIA, PA 19107

Signing Officer

Name
Glenn Seagraves
Title
CFO
Phone
2156342000
Signed
2026-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn Seagraves
Formed
2009
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Haefele Flanagan & Co Pc
Address
1000 S LENOLA ROAD, MAPLE SHADE, NJ 08052
Preparer
Cris Sefransky
Phone
8567225300
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Process has not changed from the prior year

Financial Statement Notes

PART X, LINE 2:

The project is exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code and is also exempt from state income taxes under the provisions of the pennsylvania nonprofit corporation law. The project follows the accounting guidance for uncertainty in income taxes, which prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognition, interest, penalties, and disclosures required. Accordingly, no provision for income taxes is made in the accompanying financial statements. The project has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The project's federal exempt organization income tax returns (form 990) for 2022, 2023, and 2024 are subject to examination by the irs, generally for three years after they were filed.

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IRS990ScheduleD/LandGrp/BookValueAmt0265301
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0265301
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08160
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05042
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1422279
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATED ENTITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0204399
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS ALSO EXEMPT FROM STATE INCOME TAXES UNDER THE PROVISIONS OF THE PENNSYLVANIA NONPROFIT CORPORATION LAW. THE PROJECT FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNITION, INTEREST, PENALTIES, AND DISCLOSURES REQUIRED. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE PROJECT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE PROJECT'S FEDERAL EXEMPT ORGANIZATION INCOME TAX RETURNS (FORM 990) FOR 2022, 2023, AND 2024 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02434702
IRS990ScheduleD/TotalExpensesPerForm990Amt0318467
IRS990ScheduleD/TotalLiabilityAmt0427321
IRS990ScheduleD/TotalRevenuePerForm990Amt0204399
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0204399
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0318467
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS RECEIVE A DRAFT OF THE FORM 990 FOR REVIEW AND APPROVAL BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS REQUIRED TO REVIEW CONFLICT OF INTEREST POLICIES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02710809
IRS990/TotalAssetsEOYAmt02704251
IRS990/TotalAssetsGrp/BOYAmt02710809
IRS990/TotalAssetsGrp/EOYAmt02704251
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029793
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0288674
IRS990/TotalFunctionalExpensesGrp/TotalAmt0318467
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01327746
IRS990/TotalLiabilitiesEOYAmt01435256
IRS990/TotalLiabilitiesGrp/BOYAmt01327746
IRS990/TotalLiabilitiesGrp/EOYAmt01435256
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01383063
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01268995
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0288674
IRS990/TotalProgramServiceRevenueAmt0204367
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0204399
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0204399
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02710809
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02704251
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0112 N 8TH STREET
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019107
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GLENN SEAGRAVES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum02156342000
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LCIP III INC
ReturnHeader/Filer/BusinessNameControlTxt0LCIP
ReturnHeader/Filer/EIN0264150878
ReturnHeader/Filer/PhoneNum02156342000
ReturnHeader/Filer/USAddress/AddressLine1Txt0112 N 8TH STREET STE 600
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019107
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223008776
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAEFELE FLANAGAN & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 S LENOLA ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAPLE SHADE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008052
ReturnHeader/PreparerPersonGrp/PhoneNum08567225300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CRIS SEFRANSKY
ReturnHeader/ReturnTs02026-02-17T15:37:06-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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