Civic Intelligence

Ashley Directions Inc.

990 • Fiscal year 2024 • EIN 27-1481466

Jan 01, 2024 to Dec 31, 2024 • Filed on Mar 20, 2025

P O Box 624Dumas, AR 71639

(870) 382-6762

Siviq Scores

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

Liabilities / Assets

95th percentile

1.08x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

3.66x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

39th percentile

-0.1%

Higher net margin than 39% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

35th percentile

-1.4%

Faster asset growth than 35% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

7.5%

Faster revenue growth than 49% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$806,036

Down $11,572 (-1.4%) from 2023

Net Assets

Down

-$64,499

Down $154 (-0.2%) from 2023

Liabilities

Down

$870,535

Down $11,418 (-1.3%) from 2023

Revenue

Up

$237,789

Up $16,505 (+7.5%) from 2023

Expenses

Up

$237,943

Up $6,947 (+3.0%) from 2023

Net Income

Up

-$154

Up $9,558 (+98%) from 2023

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2019: $920,138Liabilities 2019: $941,591Net Assets 2019: -$21,4532019Assets 2020: $912,737Liabilities 2020: $932,721Net Assets 2020: -$19,9842020Assets 2021: $879,803Liabilities 2021: $913,585Net Assets 2021: -$33,7822021Assets 2022: $849,292Liabilities 2022: $903,925Net Assets 2022: -$54,6332022Assets 2023: $817,608Liabilities 2023: $881,953Net Assets 2023: -$64,3452023Assets 2024: $806,036Liabilities 2024: $870,535Net Assets 2024: -$64,4992024Assets 2025: $777,393Liabilities 2025: $860,433Net Assets 2025: -$83,0402025

Highlighted filing

2024

Assets$806,036
Liabilities$870,535
Net Assets-$64,499

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2019: $203,819Expenses 2019: $216,635Net Income 2019: -$12,8162019Revenue 2020: $201,385Expenses 2020: $199,916Net Income 2020: $1,4692020Revenue 2021: $210,967Expenses 2021: $224,765Net Income 2021: -$13,7982021Revenue 2022: $220,693Expenses 2022: $241,544Net Income 2022: -$20,8512022Revenue 2023: $221,284Expenses 2023: $230,996Net Income 2023: -$9,7122023Revenue 2024: $237,789Expenses 2024: $237,943Net Income 2024: -$1542024Revenue 2025: $239,640Expenses 2025: $258,181Net Income 2025: -$18,5412025

Highlighted filing

2024

Revenue$237,789
Expenses$237,943
Net Income-$154
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 20, 2025
Return Version
2024v5.0
Gross Receipts
$237,789
Mission and Program Overview

Mission

Provide 30 apartments for qualified low income individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$710,363$688,010▼ $22,353
Prepaid Expenses and Deferred Charges$19,781$13,998▼ $5,783
Cash and Non-Interest-Bearing Accounts$2,028$7,477▲ $5,449
Intangible Assets$1,118$1,118→ $0
Accounts Receivable$2,090$282▼ $1,808
Total Assets$817,608$806,036▼ $11,572
Other Assets Total$82,228$95,151▲ $12,923
Liabilities
Unsecured Notes Loans Payable$655,721$639,684▼ $16,037
Grants Payable$210,000$210,000→ $0
Accounts Payable and Accrued Expenses$7,759$11,721▲ $3,962
Other Liabilities$8,473$9,130▲ $657
Total Liabilities$881,953$870,535▼ $11,418
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-64,345$-64,499▼ $154
Total Net Assets Fund Balance$-64,345$-64,499▼ $154
Total Liabilities and Net Assets / Fund Balance$817,608$806,036▼ $11,572

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$646,339$247,737$894,076
Land$41,671-$41,671
Other Assets Org$25--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$237,400
Investment Income
$389
Other Revenue
$0
Change in Net Assets
$-154

Audited Revenue Reconciliation

Revenue per Audited Statements
$237,789
Total Revenue per Audited Statements
$237,789
Total Revenue per Form 990
$237,789
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$237,404
Salaries, Compensation, and Employee Benefits$539
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$52,955--$52,955
Fees for Services Management$29,986--$29,986
Insurance$22,579--$22,579
Depreciation Depletion$22,353--$22,353
Interest$14,521--$14,521
All Other Expenses$6,680--$6,680
Fees for Services Accounting$6,169--$6,169
Other Expenses$5,403--$5,403
Office Expenses$3,140--$3,140
Conferences and Meetings$976--$976
Payroll Taxes$539--$539
Advertising$138--$138
Total Functional Expenses$237,943$0$0$237,943

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$237,943
Total Expenses per Audited Statements$237,943
Total Expenses per Form 990$237,943
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
Tenant Security Deposits$7,563
Deferred Interest$1,567
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No other documents are available to the public.

Filing and Contact Details

Filer

Filer Name
Ashley Directions Inc
EIN
27-1481466
Phone
8703826762
Address
P O BOX 624, DUMAS, AR 71639

Signing Officer

Name
Annette Cowen
Title
Management Agent
Phone
8703826762
Signed
2025-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip G Bourgeois
Formed
2010
Legal Domicile
Ar
Voting Board Members
8
Independent Board Members
7
Employees
0

Preparer

Firm
Berry & Caccamisi Pc
Address
1355 LYNNFIELD RD STE 137, MEMPHIS, TN 38119
Preparer
Richard S Berry
Phone
9017610100
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ANNETTE COWEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGEMENT AGENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08703826762
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASHLEY DIRECTIONS INC
ReturnHeader/Filer/BusinessNameControlTxt0ASHL
ReturnHeader/Filer/EIN0271481466
ReturnHeader/Filer/PhoneNum08703826762
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 624
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621042213
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERRY & CACCAMISI PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01355 LYNNFIELD RD STE 137
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD S BERRY
ReturnHeader/ReturnTs02025-03-20T10:34:25-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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