Civic Intelligence

Grace Place Retirement Community Inc

990 • Fiscal year 2014 • EIN 27-0263021

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 20, 2014

Organization Profile
2131 Wilson Road38116

(901) 620-8669

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.04x

Higher debt load relative to assets than 92% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

21.61x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

6th percentile

-50%

Higher net margin than 6% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

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

Source year 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Balance Sheet
Liabilities / Assets92nd percentile

Assets

$3,155,089

No earlier filing loaded for comparison.

Net Assets

-$140,717

No earlier filing loaded for comparison.

Liabilities

$3,295,806

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin6th percentile

Revenue

$152,512

No earlier filing loaded for comparison.

Expenses

$229,255

No earlier filing loaded for comparison.

Net Income

-$76,743

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.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $3,155,089Liabilities 2014: $3,295,806Net Assets 2014: -$140,7172014Assets 2015: $3,136,334Liabilities 2015: $42,059Net Assets 2015: $3,094,2752015Assets 2016: $3,051,466Liabilities 2016: $27,775Net Assets 2016: $3,023,6912016Assets 2017: $2,983,149Liabilities 2017: $17,044Net Assets 2017: $2,966,1052017Assets 2018: $2,926,951Liabilities 2018: $25,923Net Assets 2018: $2,901,0282018Assets 2019: $2,863,021Liabilities 2019: $35,846Net Assets 2019: $2,827,1752019Assets 2020: $2,767,932Liabilities 2020: $35,598Net Assets 2020: $2,732,3342020Assets 2021: $2,708,650Liabilities 2021: $34,032Net Assets 2021: $2,674,6182021Assets 2022: $2,646,434Liabilities 2022: $32,248Net Assets 2022: $2,614,1862022Assets 2023: $2,588,346Liabilities 2023: $33,669Net Assets 2023: $2,554,6772023Assets 2024: $2,527,586Liabilities 2024: $28,074Net Assets 2024: $2,499,5122024Assets 2025: $2,435,629Liabilities 2025: $39,894Net Assets 2025: $2,395,7352025

Highlighted filing

2014

Assets$3,155,089
Liabilities$3,295,806
Net Assets-$140,717
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2014: $152,512Expenses 2014: $229,255Net Income 2014: -$76,7432014Revenue 2015: $266,825Expenses 2015: $301,163Net Income 2015: -$34,3382015Revenue 2016: $269,562Expenses 2016: $300,646Net Income 2016: -$31,0842016Revenue 2017: $290,799Expenses 2017: $349,215Net Income 2017: -$58,4162017Revenue 2018: $287,678Expenses 2018: $350,692Net Income 2018: -$63,0142018Revenue 2019: $302,531Expenses 2019: $376,384Net Income 2019: -$73,8532019Revenue 2020: $305,022Expenses 2020: $400,402Net Income 2020: -$95,3802020Revenue 2021: $302,140Expenses 2021: $360,175Net Income 2021: -$58,0352021Revenue 2022: $335,078Expenses 2022: $389,560Net Income 2022: -$54,4822022Revenue 2023: $359,657Expenses 2023: $419,166Net Income 2023: -$59,5092023Revenue 2024: $370,053Expenses 2024: $425,218Net Income 2024: -$55,1652024Revenue 2025: $390,499Expenses 2025: $494,276Net Income 2025: -$103,7772025

Highlighted filing

2014

Revenue$152,512
Expenses$229,255
Net Income-$76,743
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 20, 2014
Return Version
2013v3.1
Gross Receipts
$152,512
Mission and Program Overview

Mission

To provide low income affordable housing to elderly.

To provide affordable housing to the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,186,098$3,114,945▼ $71,153
Savings and Temporary Cash Investments-$32,437-
Accounts Receivable-$5,212-
Cash and Non-Interest-Bearing Accounts$1,491$2,495▲ $1,004
Prepaid Expenses and Deferred Charges$764--
Total Assets$3,226,105$3,155,089▼ $71,016
Other Assets Total$37,752--
Liabilities
Grants Payable$3,264,585$3,264,585→ $0
Accounts Payable and Accrued Expenses$19,565$24,254▲ $4,689
Other Liabilities$6,967$6,967→ $0
Total Liabilities$3,291,117$3,295,806▲ $4,689
Net Assets / Fund Balance
Unrestricted Net Assets$-65,012$-140,717▼ $75,705
Total Net Assets Fund Balance$-65,012$-140,717▼ $75,705
Total Liabilities and Net Assets / Fund Balance$3,226,105$3,155,089▼ $71,016

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,989,233$161,580$3,150,813
Land$100,000-$100,000
Leasehold Improvements$13,762$1,629$15,391
Other Land Buildings$9,837$3,935$13,772
Equipment$2,113$972$3,085
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
James CrusoePresident
Avis Yates RiversMember
Deborah CooperMember
Greg CuffreyMember
Laurie DurhamMember
Paul HollyMember
Ruby FentonMember
Vinson BakerMember
Laquita R StokesSecretary
Bill WhitleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$152,497
Investment Income
$15
Other Revenue
$0
Change in Net Assets
$-76,743

Audited Revenue Reconciliation

Revenue per Audited Statements
$152,512
Total Revenue per Audited Statements
$152,512
Total Revenue per Form 990
$152,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$87,004--$87,004
Other Expenses$51,639--$51,639
Fees for Services Management-$35,592-$35,592
Office Expenses$6,007--$6,007
Fees for Services Accounting$2,200--$2,200
Fees for Services Legal$2,200--$2,200
Conferences and Meetings-$466-$466
Total Functional Expenses$193,197$36,058$0$229,255

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$229,255
Total Expenses per Audited Statements$229,255
Total Expenses per Form 990$229,255
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
Federal income taxes$6,967
Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
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 V, Section C, Line 18

“Documents are available upon request.”

Filing and Contact Details

Filer

EIN
27-0263021
Phone
9016208669

Signing Officer

Name
Michael Crusoe
Title
President
Signed
2014-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Crusoe
Formed
2009
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Preparer
Bobby Jackson
Phone
9013822135
Supplemental Narrative

Additional Explanations

Form 990, Part V, Section B, Line 11A

“Reviewed by the Board of Directors before filing.”

Form 990, Part V, Section B, Line 12A

“Discussed at Board Meetings.”

Form 990, Part V, Section B, Line 15A

“Discussed at Board Meetings.”

Form 990, Part V, Section B, Line 15B

“Discussed at Board Meetings.”

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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/BookValueAmt02113
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0972
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03085
IRS990ScheduleD/ExpensesSubtotalAmt0229255
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013762
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01629
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt015391
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09837
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03935
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013772
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06967
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deposits
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0152512
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03114945
IRS990ScheduleD/TotalExpensesPerForm990Amt0229255
IRS990ScheduleD/TotalLiabilityAmt06967
IRS990ScheduleD/TotalRevenuePerForm990Amt0152512
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0152512
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0229255
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed by the Board of Directors before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Discussed at Board Meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Discussed at Board Meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Discussed at Board Meetings.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part V, Section B, Line 12a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part V, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part V, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part V, Section B, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03226105
IRS990/TotalAssetsEOYAmt03155089
IRS990/TotalAssetsGrp/BOYAmt03226105
IRS990/TotalAssetsGrp/EOYAmt03155089
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036058
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0193197
IRS990/TotalFunctionalExpensesGrp/TotalAmt0229255
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03291117
IRS990/TotalLiabilitiesEOYAmt03295806
IRS990/TotalLiabilitiesGrp/BOYAmt03291117
IRS990/TotalLiabilitiesGrp/EOYAmt03295806
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-65012
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-140717
IRS990/TotalProgramServiceExpensesAmt0193197
IRS990/TotalProgramServiceRevenueAmt0152497
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0152512
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03226105
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03155089
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-65012
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-140717
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine104044 S Bordeaux Creek Cove
IRS990/USAddress/City0Memphis
IRS990/USAddress/State0TN
IRS990/USAddress/ZIPCode038125
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Crusoe
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine10Grace Place Retirement Community Inc
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0270263021
ReturnHeader/Filer/PhoneNum09016208669
ReturnHeader/Filer/USAddress/AddressLine102131 Wilson Road
ReturnHeader/Filer/USAddress/City0Memphis
ReturnHeader/Filer/USAddress/State0TN
ReturnHeader/Filer/USAddress/ZIPCode038116
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Jackson Consulting LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine106068 Stage Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Bartlett
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode038134
ReturnHeader/PreparerPersonGrp/PhoneNum09013822135
ReturnHeader/PreparerPersonGrp/PreparationDt02014-10-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bobby Jackson
ReturnHeader/ReturnTs02014-10-20T10:30:02-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,155,089
Liabilities
$3,295,806
Net assets
-$140,717
Revenue
$152,512
Expenses
$229,255
Net income
-$76,743
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.04$2.40$0.39$0.49$0.10
2024Detailed filing. Detailed filing data is available for this year.$2.53$0.03$2.50$0.37$0.43$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.59$0.03$2.55$0.36$0.42$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.65$0.03$2.61$0.34$0.39$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.71$0.03$2.67$0.30$0.36$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.77$0.04$2.73$0.31$0.40$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.86$0.04$2.83$0.30$0.38$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.93$0.03$2.90$0.29$0.35$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.98$0.02$2.97$0.29$0.35$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.05$0.03$3.02$0.27$0.30$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.14$0.04$3.09$0.27$0.30$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.16$3.30$0.14$0.15$0.23$0.08