Civic Intelligence

Cane Manor Inc.

990 • Fiscal year 2023 • EIN 26-4469752

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 02, 2023

110 Anslem DrYoungsville, LA 70592

(337) 233-9577

Siviq Scores

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

Liabilities / Assets

96th percentile

1.36x

Higher debt load relative to assets than 96% of similar nonprofits.

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

Liabilities / Revenue

99th percentile

15.08x

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

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

Net Margin

10th percentile

-36%

Higher net margin than 10% 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

27th percentile

-2.9%

Faster asset growth than 27% of similar nonprofits.

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

Revenue Growth

38th percentile

0.4%

Faster revenue growth than 38% of similar nonprofits.

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

Assets

Down

$1,253,371

Down $36,802 (-2.9%) from 2022

Net Assets

Down

-$454,323

Down $41,333 (-10%) from 2022

Liabilities

Up

$1,707,694

Up $4,531 (+0.3%) from 2022

Revenue

Up

$113,245

Up $468 (+0.4%) from 2022

Expenses

Up

$154,578

Up $7,317 (+5.0%) from 2022

Net Income

Down

-$41,333

Down $6,849 (-20%) 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 2012: $1,652,125Liabilities 2012: $1,709,670Net Assets 2012: -$57,5452012Assets 2013: $1,627,147Liabilities 2013: $1,704,924Net Assets 2013: -$77,7772013Assets 2014: $1,588,368Liabilities 2014: $1,705,585Net Assets 2014: -$117,2172014Assets 2015: $1,544,000Liabilities 2015: $1,701,219Net Assets 2015: -$157,2192015Assets 2016: $1,507,613Liabilities 2016: $1,717,871Net Assets 2016: -$210,2582016Assets 2017: $1,469,962Liabilities 2017: $1,706,722Net Assets 2017: -$236,7602017Assets 2018: $1,430,197Liabilities 2018: $1,707,204Net Assets 2018: -$277,0072018Assets 2019: $1,384,186Liabilities 2019: $1,703,838Net Assets 2019: -$319,6522019Assets 2020: $1,345,676Liabilities 2020: $1,707,320Net Assets 2020: -$361,6442020Assets 2021: $1,325,690Liabilities 2021: $1,704,196Net Assets 2021: -$378,5062021Assets 2022: $1,290,173Liabilities 2022: $1,703,163Net Assets 2022: -$412,9902022Assets 2023: $1,253,371Liabilities 2023: $1,707,694Net Assets 2023: -$454,3232023Assets 2024: $1,215,823Liabilities 2024: $1,711,079Net Assets 2024: -$495,2562024

Highlighted filing

2023

Assets$1,253,371
Liabilities$1,707,694
Net Assets-$454,323

Operations Trend

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

$200K$100K$0-$100KExpenses 2012: $124,0742012Expenses 2013: $99,0322013Revenue 2014: $71,264Expenses 2014: $110,704Net Income 2014: -$39,4402014Revenue 2015: $72,471Expenses 2015: $112,473Net Income 2015: -$40,0022015Revenue 2016: $83,429Expenses 2016: $136,085Net Income 2016: -$52,6562016Revenue 2017: $104,963Expenses 2017: $137,537Net Income 2017: -$32,5742017Revenue 2018: $96,927Expenses 2018: $137,174Net Income 2018: -$40,2472018Revenue 2019: $98,614Expenses 2019: $140,497Net Income 2019: -$41,8832019Revenue 2020: $98,666Expenses 2020: $140,658Net Income 2020: -$41,9922020Revenue 2021: $150,488Expenses 2021: $167,350Net Income 2021: -$16,8622021Revenue 2022: $112,777Expenses 2022: $147,261Net Income 2022: -$34,4842022Revenue 2023: $113,245Expenses 2023: $154,578Net Income 2023: -$41,3332023Revenue 2024: $116,573Expenses 2024: $157,506Net Income 2024: -$40,9332024

Highlighted filing

2023

Revenue$113,245
Expenses$154,578
Net Income-$41,333
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 2, 2023
Return Version
2022v5.0
Gross Receipts
$113,245
Mission and Program Overview

Mission

Provides housing, which is subsidized by hud section 8 rental assistance payments, to low income families that have a family member with a disability and /or individuals with a disability that have the need for ongoing support to live independently.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,263,787$1,222,017▼ $41,770
Savings and Temporary Cash Investments$18,051$24,051▲ $6,000
Cash and Non-Interest-Bearing Accounts$2,712$3,581▲ $869
Prepaid Expenses and Deferred Charges$3,161$1,798▼ $1,363
Accounts Receivable$763$225▼ $538
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,290,173$1,253,371▼ $36,802
Other Assets Total$1,699$1,699→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,695,514$1,695,514→ $0
Accounts Payable and Accrued Expenses$4,532$8,694▲ $4,162
Other Liabilities$3,117$3,486▲ $369
Total Liabilities$1,703,163$1,707,694▲ $4,531
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-412,990$-454,323▼ $41,333
Total Net Assets Fund Balance$-412,990$-454,323▼ $41,333
Total Liabilities and Net Assets / Fund Balance$1,290,173$1,253,371▼ $36,802

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,154,517$476,840$1,631,357
Land$67,500-$67,500
Equipment-$2,485$2,485
Other Land Buildings-$2,455$2,455
Compensation and Service Providers

Board Members and Trustees

NameTitle
Phillip G BourgeoisPresident
Bill ThompsonDirector
Dorothy HollowayAsst Sec/treas
Linda JeffersonParliamentarian
Karen EdwardsSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$70,410
Program Service Revenue
$42,833
Investment Income
$2
Other Revenue
$0
Change in Net Assets
$-41,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,852
Salaries, Compensation, and Employee Benefits$32,726
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$41,770--$41,770
Other Salaries and Wages$30,163--$30,163
Insurance$20,931--$20,931
All Other Expenses$9,988--$9,988
Office Expenses$7,327--$7,327
Fees for Services Management$7,200--$7,200
Fees for Services Other$5,750--$5,750
Other Expenses$4,083--$4,083
Payroll Taxes$2,563--$2,563
Conferences and Meetings$1,407--$1,407
Fees for Services Accounting$1,144--$1,144
Total Functional Expenses$154,578$0$0$154,578
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ten Held in Trust$3,486
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 board of directors has contracted out the management of the organization. The day to day management operations are performed by JDK Enterprises, LLC., a property management consulting firm.

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

Tax return is prepared by Vige, Tujague & Noel, CPA's after the financial statements are prepared then presented to officers for review and signatures to file.

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

The board of directors monitors on an ongoing basis the conflict of interest policy.The director's, if they become aware of any problems, will address the problem at its regular meeting or call for a special meeting if necessary.

Form 990, Part VI, Section C, Line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Cane Manor Inc
EIN
26-4469752
Address
110 ANSLEM DR, YOUNGSVILLE, LA 70592

Signing Officer

Name
Linda Jefferson
Title
Parliamentarian
Signed
2023-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Jefferson
Formed
2009
Legal Domicile
La
Voting Board Members
5
Independent Board Members
0
Employees
2

Preparer

Firm
Vige Tujague & Noel CPAs
Address
151 N 2nd St, Eunice, LA 70535
Preparer
Shirley Vige Jr CPA
Phone
3374579324
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0476840
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01631357
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02485
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02485
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt067500
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02455
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02455
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03486
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TEN HELD IN TRUST
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IRS990ScheduleD/TotalLiabilityAmt03486
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board of directors has contracted out the management of the organization. The day to day management operations are performed by JDK Enterprises, LLC., a property management consulting firm.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Tax return is prepared by Vige, Tujague & Noel, CPA's after the financial statements are prepared then presented to officers for review and signatures to file.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board of directors monitors on an ongoing basis the conflict of interest policy.The director's, if they become aware of any problems, will address the problem at its regular meeting or call for a special meeting if necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILABLE 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
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CANE POINTE APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0300514137
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RENTAL
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0415 GUILEAU ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LAFAYETTE
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0THESE ENTITIES SHARE A COMMON BOARD OF DIRECTORS. THERE IS NO OTHER RELATIONSHIP.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDUEL R - ADDITIONAL INFORMATION
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IRS990/USAddress/AddressLine1Txt0110 ANSLEM DR
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