Civic Intelligence

Lcip III Inc

990 • Fiscal year 2024 • EIN 26-4150878

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 24, 2024

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

84th percentile

0.49x

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

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

Liabilities / Revenue

98th percentile

8.32x

Higher debt load relative to revenue than 98% of similar nonprofits.

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

Net Margin

4th percentile

-79%

Higher net margin than 4% of similar nonprofits.

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

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

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

Asset Growth

25th percentile

-3.7%

Faster asset growth than 25% of similar nonprofits.

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

Revenue Growth

38th percentile

1.4%

Faster revenue growth than 38% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$2,710,809

Down $104,109 (-3.7%) from 2023

Net Assets

Down

$1,383,063

Down $125,427 (-8.3%) from 2023

Liabilities

Up

$1,327,746

Up $21,318 (+1.6%) from 2023

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin4th percentile

Revenue

Up

$159,579

Up $2,267 (+1.4%) from 2023

Expenses

Down

$285,006

Down $6,761 (-2.3%) from 2023

Net Income

Up

-$125,427

Up $9,028 (+6.7%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

2024

Assets$2,710,809
Liabilities$1,327,746
Net Assets$1,383,063
Open 2024 Filing

Operations Trend

Revenue Growth38th percentile

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

2024

Revenue$159,579
Expenses$285,006
Net Income-$125,427
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 24, 2024
Return Version
2023v5.1
Gross Receipts
$159,579
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$2,546,405$2,504,970▼ $41,435
Accounts Receivable$152,299$118,077▼ $34,222
Cash and Non-Interest-Bearing Accounts$0$7,831▲ $7,831
Total Assets$2,814,918$2,710,809▼ $104,109
Other Assets Total$116,214$79,931▼ $36,283
Liabilities
Mortgage Notes Payable Secured by Investment Property$970,448$970,448→ $0
Other Liabilities$256,633$340,239▲ $83,606
Accounts Payable and Accrued Expenses$79,347$17,059▼ $62,288
Total Liabilities$1,306,428$1,327,746▲ $21,318
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,109,500$2,109,500→ $0
Net Assets Without Donor Restrictions$-601,010$-726,437▼ $125,427
Total Net Assets Fund Balance$1,508,490$1,383,063▼ $125,427
Total Liabilities and Net Assets / Fund Balance$2,814,918$2,710,809▼ $104,109

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,155,547$845,300$3,000,847
Land$265,301-$265,301
Equipment$84,122$14,403$98,525
Leasehold Improvements$0$8,160$8,160
Compensation and Service Providers
Top Officer Pay40th percentile

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
$157,160
Investment Income
$33
Other Revenue
$2,386
Change in Net Assets
$-125,427

Audited Revenue Reconciliation

Revenue per Audited Statements
$159,579
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$159,579
Total Revenue per Form 990
$159,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$206,191
Salaries, Compensation, and Employee Benefits$78,815
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$89,960--$89,960
Other Salaries and Wages$54,272--$54,272
Other Employee Benefits$20,084--$20,084
Fees for Services Accounting-$13,500-$13,500
Insurance$12,681--$12,681
Office Expenses-$7,233-$7,233
Payroll Taxes$4,459--$4,459
Other Expenses$2,416$5,960-$2,416
Fees for Services Other-$2,250-$2,250
All Other Expenses$568$361-$929
Total Functional Expenses$255,702$29,304$0$285,006

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$285,006
Total Expenses per Audited Statements$285,006
Total Expenses per Form 990$285,006
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$336,528
Tenant Security Deposits$3,711
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
2024-10-24
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
David J Gill Jr
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 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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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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IRS990ScheduleD/EquipmentGrp/BookValueAmt084122
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014403
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt098525
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0285006
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0265301
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0265301
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08160
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03711
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1336528
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATED ENTITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0159579
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/TotalBookValueLandBuildingsAmt02504970
IRS990ScheduleD/TotalExpensesPerForm990Amt0285006
IRS990ScheduleD/TotalLiabilityAmt0340239
IRS990ScheduleD/TotalRevenuePerForm990Amt0159579
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0159579
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0285006
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/TotalAssetsBOYAmt02814918
IRS990/TotalAssetsEOYAmt02710809
IRS990/TotalAssetsGrp/BOYAmt02814918
IRS990/TotalAssetsGrp/EOYAmt02710809
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029304
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0255702
IRS990/TotalFunctionalExpensesGrp/TotalAmt0285006
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01306428
IRS990/TotalLiabilitiesEOYAmt01327746
IRS990/TotalLiabilitiesGrp/BOYAmt01306428
IRS990/TotalLiabilitiesGrp/EOYAmt01327746
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01508490
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01383063
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0255702
IRS990/TotalProgramServiceRevenueAmt0157160
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0159579
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0159579
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02814918
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02710809
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GLENN SEAGRAVES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum02156342000
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-24
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/PreparerPersonNm0DAVID J GILL JR
ReturnHeader/ReturnTs02024-11-14T09:42:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,710,809
Liabilities
$1,327,746
Net assets
$1,383,063
Revenue
$159,579
Expenses
$285,006
Net income
-$125,427
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