Civic Intelligence

Lcip III Inc

990 • Fiscal year 2018 • EIN 26-4150878

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 25, 2019

Organization ProfileN/A
112 N 8th Street Ste 600Philadelphia, PA 19107

(215) 634-2000

Siviq Scores

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

Liabilities / Assets

71st percentile

0.30x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

5.05x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

8th percentile

-41%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets71st percentile

Assets

$2,823,930

No earlier filing loaded for comparison.

Net Assets

$1,984,204

No earlier filing loaded for comparison.

Liabilities

$839,726

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin8th percentile

Revenue

$166,399

No earlier filing loaded for comparison.

Expenses

$234,080

No earlier filing loaded for comparison.

Net Income

-$67,681

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2018

Assets$2,823,930
Liabilities$839,726
Net Assets$1,984,204
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$166,399
Expenses$234,080
Net Income-$67,681
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 25, 2019
Return Version
2017v2.3
Gross Receipts
$166,399
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$2,858,847$2,716,964▼ $141,883
Cash and Non-Interest-Bearing Accounts$4,684$7,741▲ $3,057
Accounts Receivable$1,126$2,351▲ $1,225
Total Assets$2,960,317$2,823,930▼ $136,387
Other Assets Total$95,660$96,874▲ $1,214
Liabilities
Mortgage Notes Payable Secured by Investment Property$811,258$811,258→ $0
Other Liabilities$14,121$18,293▲ $4,172
Accounts Payable and Accrued Expenses$203,186$10,175▼ $193,011
Total Liabilities$1,028,565$839,726▼ $188,839
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,989,367$2,109,500▲ $120,133
Unrestricted Net Assets$-57,615$-125,296▼ $67,681
Total Net Assets Fund Balance$1,931,752$1,984,204▲ $52,452
Total Liabilities and Net Assets / Fund Balance$2,960,317$2,823,930▼ $136,387

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,449,155$392,502$2,841,657
Land$265,301-$265,301
Equipment$2,508$5,652$8,160
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Thomas EarlePresident
Bruce ConnusVice President
Aiko Dorr-dorynekDirector
Louis OlivoDirector
Paul ReedDirector
Bianca BarnesExecutive Director
Lynn YorgeySecretary
Nathor JenkingsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$163,129
Investment Income
$758
Other Revenue
$2,512
Change in Net Assets
$-67,681

Audited Revenue Reconciliation

Revenue per Audited Statements
$166,399
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$166,399
Total Revenue per Form 990
$166,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$197,387
Salaries, Compensation, and Employee Benefits$36,693
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$72,207--$72,207
Other Salaries and Wages-$31,851-$31,851
Fees for Services Accounting-$14,840-$14,840
Insurance$7,996--$7,996
Payroll Taxes-$2,513-$2,513
Other Employee Benefits-$2,329-$2,329
All Other Expenses$1,025$770-$1,795
Other Expenses$3,561$1,664-$1,664
Fees for Services Other-$385-$385
Total Functional Expenses$179,728$54,352$0$234,080

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$234,080
Total Expenses per Audited Statements$234,080
Total Expenses per Form 990$234,080
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$15,058
Tenant Security Deposits$3,235
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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
2019-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn Seagraves
Formed
2009
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Haefele Flanagan & Co Pc
Address
1000 S LENOLA ROAD, MAPLE SHADE, NJ 08052
Preparer
Mary L Lynch CPA
Phone
8567225300
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C

“Process has not changed from prior year”

Form 990 Part XI, Line 9

“Temporarily restricted net asset balance consists of the hud mortgage and was increased by $120,133 to agree to the correct mortgage balance. This adjustment was a reclassification from accounts payable to temporarily restricted net assets.”

Financial Statement Notes

PART X, LINE 2:

“The corporation has adopted the guidance for accounting for the uncertainty in income taxes. The prior years remain open to audit by the internal revenue service and other taxing authorities. The corporation believes its tax positions are appropriately based on current facts and circumstances.”

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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99800
IRS990ScheduleA/PublicSupportTotal509Amt0788048
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0165641
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0158430
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0160824
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0153037
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0150116
IRS990ScheduleA/Total509Grp/TotalAmt0788048
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0166399
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0158805
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0161299
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0153037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0150116
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0789656
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02449155
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0392502
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02841657
IRS990ScheduleD/EquipmentGrp/BookValueAmt02508
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05652
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08160
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0234080
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0265301
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0265301
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03235
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115058
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATED ENTITIES
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0166399
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS ADOPTED THE GUIDANCE FOR ACCOUNTING FOR THE UNCERTAINTY IN INCOME TAXES. THE PRIOR YEARS REMAIN OPEN TO AUDIT BY THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. THE CORPORATION BELIEVES ITS TAX POSITIONS ARE APPROPRIATELY BASED ON CURRENT FACTS AND CIRCUMSTANCES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02716964
IRS990ScheduleD/TotalExpensesPerForm990Amt0234080
IRS990ScheduleD/TotalLiabilityAmt018293
IRS990ScheduleD/TotalRevenuePerForm990Amt0166399
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0166399
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0234080
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 PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TEMPORARILY RESTRICTED NET ASSET BALANCE CONSISTS OF THE HUD MORTGAGE AND WAS INCREASED BY $120,133 TO AGREE TO THE CORRECT MORTGAGE BALANCE. THIS ADJUSTMENT WAS A RECLASSIFICATION FROM ACCOUNTS PAYABLE TO TEMPORARILY RESTRICTED NET ASSETS.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART XI, LINE 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02109500
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt02823930
IRS990/TotalAssetsGrp/BOYAmt02960317
IRS990/TotalAssetsGrp/EOYAmt02823930
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt054352
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0179728
IRS990/TotalFunctionalExpensesGrp/TotalAmt0234080
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01028565
IRS990/TotalLiabilitiesEOYAmt0839726
IRS990/TotalLiabilitiesGrp/BOYAmt01028565
IRS990/TotalLiabilitiesGrp/EOYAmt0839726
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01931752
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01984204
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0179728
IRS990/TotalProgramServiceRevenueAmt0163129
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0166399
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0166399
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02960317
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02823930
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-57615
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-125296
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0112 N 8TH STREET
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019107
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GLENN SEAGRAVES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum02156342000
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-25
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
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,823,930
Liabilities
$839,726
Net assets
$1,984,204
Revenue
$166,399
Expenses
$234,080
Net income
-$67,681
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.70$1.44$1.27$0.20$0.32$0.11
2024Detailed filing. Detailed filing data is available for this year.$2.71$1.33$1.38$0.16$0.29$0.13
2023Detailed filing. Detailed filing data is available for this year.$2.81$1.31$1.51$0.16$0.29$0.13
2022Detailed filing. Detailed filing data is available for this year.$2.75$1.11$1.64$0.15$0.26$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.82$1.07$1.75$0.16$0.25$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.87$1.03$1.84$0.15$0.25$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.93$1.00$1.93$0.16$0.22$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.82$0.84$1.98$0.17$0.23$0.07