Civic Intelligence

29 Acres Inc.

990 • Fiscal year 2020 • EIN 27-5537523

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

4516 Lovers LaneDallas, TX 75225

(214) 550-8831

Siviq Scores

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

Liabilities / Assets

81st percentile

0.68x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

91st percentile

3.00x

Higher debt load relative to revenue than 91% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

27th percentile

-3.3%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

27th percentile

$112,549

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

94th percentile

75%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-11%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$10,581,581

Up $4,523,378 (+75%) from 2019

Net Assets

Down

$3,358,365

Down $78,928 (-2.3%) from 2019

Liabilities

Up

$7,223,216

Up $4,602,306 (+176%) from 2019

Revenue

Down

$2,411,627

Down $313,079 (-11%) from 2019

Expenses

Up

$2,490,555

Up $1,209,190 (+94%) from 2019

Net Income

Down

-$78,928

Down $1,522,269 (-105%) from 2019

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2016: $15,127Liabilities 2016: $0Net Assets 2016: $15,1272016Assets 2018: $2,156,770Liabilities 2018: $162,818Net Assets 2018: $1,993,9522018Assets 2019: $6,058,203Liabilities 2019: $2,620,910Net Assets 2019: $3,437,2932019Assets 2020: $10,581,581Liabilities 2020: $7,223,216Net Assets 2020: $3,358,3652020Assets 2021: $11,878,979Liabilities 2021: $7,221,437Net Assets 2021: $4,657,5422021Assets 2022: $16,486,263Liabilities 2022: $8,228,151Net Assets 2022: $8,258,1122022Assets 2023: $17,399,996Liabilities 2023: $8,470,971Net Assets 2023: $8,929,0252023Assets 2024: $17,794,478Liabilities 2024: $8,400,997Net Assets 2024: $9,393,4812024

Highlighted filing

2020

Assets$10,581,581
Liabilities$7,223,216
Net Assets$3,358,365

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $215,144Expenses 2016: $205,513Net Income 2016: $9,6312016Revenue 2018: $2,190,006Expenses 2018: $642,576Net Income 2018: $1,547,4302018Revenue 2019: $2,724,706Expenses 2019: $1,281,365Net Income 2019: $1,443,3412019Revenue 2020: $2,411,627Expenses 2020: $2,490,555Net Income 2020: -$78,9282020Revenue 2021: $5,027,962Expenses 2021: $4,370,167Net Income 2021: $657,7952021Revenue 2022: $5,890,483Expenses 2022: $5,911,948Net Income 2022: -$21,4652022Revenue 2023: $7,910,673Expenses 2023: $7,373,187Net Income 2023: $537,4862023Revenue 2024: $7,666,480Expenses 2024: $7,440,370Net Income 2024: $226,1102024

Highlighted filing

2020

Revenue$2,411,627
Expenses$2,490,555
Net Income-$78,928
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$2,528,313
Mission and Program Overview

Mission

To elevate the quality of life for adults with autism spectrum disorder by creating a dynamic housing community enriched with customized programming where every person will be empowered to live with purpose and joy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,431,435$9,778,320▲ $4,346,885
Cash and Non-Interest-Bearing Accounts$527,278$645,008▲ $117,730
Accounts Receivable-$144,199-
Intangible Assets$47,890$0▼ $47,890
Pledges and Grants Receivable$6,500--
Prepaid Expenses and Deferred Charges$26,500$6,273▼ $20,227
Total Assets$6,058,203$10,581,581▲ $4,523,378
Other Assets Total$18,600$7,781▼ $10,819
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,679,143$6,148,305▲ $4,469,162
Accounts Payable and Accrued Expenses$825,439$1,069,786▲ $244,347
Deferred Revenue$116,328$5,125▼ $111,203
Total Liabilities$2,620,910$7,223,216▲ $4,602,306
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,197,293$2,118,365▼ $78,928
Net Assets With Donor Restrictions$1,240,000$1,240,000→ $0
Total Net Assets Fund Balance$3,437,293$3,358,365▼ $78,928
Total Liabilities and Net Assets / Fund Balance$6,058,203$10,581,581▲ $4,523,378

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,187,122$116,246$8,303,368
Land$1,250,000-$1,250,000
Other Land Buildings$182,872$78,453$261,325
Equipment$158,326$69,276$227,602
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Morgan MckayChief Operating OfficeerFT$105,691$6,858$112,549

Board Members and Trustees

NameTitle
Debra Caudy MdPresident/chairman
Carl SoderstromDirector
Douglas J BartekDirector
John FoleyDirector
Julia PitlikDirector
Laura SchieberDirector
Melanie FowlerDirector
Mitchell BassonDirector
Robin BaileyDirector
Macy MeltonSecretary
Peter YeedaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$595,151
Program Service Revenue
$1,502,723
Investment Income
$5,307
Other Revenue
$308,446
All Other Contributions
$595,151
Change in Net Assets
$-78,928
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,526,831
Other Expenses$963,724
Total Fundraising Expense$123,076
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,157,310$1,556$73,237$1,232,103
Occupancy$278,490$452-$278,942
Depreciation Depletion$214,855--$214,855
Fees for Services Other$82,123$22,691$16,895$121,709
Interest$113,777--$113,777
Current Officers, Directors, Trustees, and Key Employees$33,764$67,529$11,255$112,548
Payroll Taxes$91,859$5,192$6,326$103,377
Other Employee Benefits$67,127$3,794$4,623$75,544
Insurance$10,693$37,080-$47,773
Travel$27,188$195$20$27,403
Office Expenses$11,107$4,512$5,850$21,469
Advertising$14,400$3,716$2,868$20,984
Fees for Services Legal$8,766$2,422$1,803$12,991
Pension Plan Contributions$2,896$164$199$3,259
Other Expenses$995--$995
Total Functional Expenses$2,218,176$149,303$123,076$2,490,555
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$425,132
Fundraising Direct Expenses$116,686
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Be Mine 29 Gala$425,132$425,132$72,686$352,446
Total Events$425,132$425,132$116,686$308,446
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 is provided a copy of the form 990 prior to its filing.

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

The organization regularly monitors that the board members and officers have no conflicts of interest.

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

The board of directors review and approve the management contracts.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
29 Acres Inc
EIN
27-5537523
Phone
2145508831
Address
4516 LOVERS LANE, DALLAS, TX 75225

Signing Officer

Name
Debra Caudy
Title
President, Founder/CEO
Phone
2145508831
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debra Caudy
Formed
2014
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
95
Volunteers
100

Preparer

Firm
Lane Gorman Trubitt LLC
Address
2626 HOWELL ST SUITE 700, DALLAS, TX 75204
Preparer
Kevin Warneke
Phone
2148717500
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IRS990/OtherExpensesGrp/Desc1BAD DEBTS EXPENSE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt077710
IRS990/OtherExpensesGrp/ProgramServicesAmt125116
IRS990/OtherExpensesGrp/ProgramServicesAmt2995
IRS990/OtherExpensesGrp/TotalAmt077710
IRS990/OtherExpensesGrp/TotalAmt125116
IRS990/OtherExpensesGrp/TotalAmt2995
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt073237
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01556
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01157310
IRS990/OtherSalariesAndWagesGrp/TotalAmt01232103
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06326
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05192
IRS990/PayrollTaxesGrp/ProgramServicesAmt091859
IRS990/PayrollTaxesGrp/TotalAmt0103377
IRS990/PensionPlanContributionsGrp/FundraisingAmt0199
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0164
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02896
IRS990/PensionPlanContributionsGrp/TotalAmt03259
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06273
IRS990/PrincipalOfficerNm0DEBRA CAUDY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1COMMUNITY FEES
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01446336
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt147787
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01446336
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt147787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28600
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01748429
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0511690
IRS990/PYOtherRevenueAmt0240542
IRS990/PYProgramServiceRevenueAmt0735735
IRS990/PYRevenuesLessExpensesAmt01443341
IRS990/PYSalariesCompEmpBnftPaidAmt0769675
IRS990/PYTotalExpensesAmt01281365
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02724706
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-78928
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01502723
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt071548
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt040000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt01210000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0177000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01498548
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING INCOME - 2018 AMOUNT: $ 120,060. 2019 AMOUNT: $ 280,985. 2020 AMOUNT: $ 425,132.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0595151
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01748429
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01883822
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0662600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0215144
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05105146
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05307
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05307
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01502723
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0735735
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0211332
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02017
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02451807
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05307
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05307
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0425132
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0280985
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0120060
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0826177
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.58960
IRS990ScheduleA/PublicSupportPY509Pct00.58210
IRS990ScheduleA/PublicSupportTotal509Amt04946063
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0354256
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0764730
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt01289904
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt025000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0177000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02610890
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0282708
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0724730
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt079904
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt025000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01112342
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02097874
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02484164
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02095154
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0664617
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0215144
IRS990ScheduleA/Total509Grp/TotalAmt07556953
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02528313
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02765149
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02215214
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0664617
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0215144
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08388437
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt08187122
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0116246
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08303368
IRS990ScheduleD/EquipmentGrp/BookValueAmt0158326
IRS990ScheduleD/EquipmentGrp/DepreciationAmt069276
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0227602
IRS990ScheduleD/LandGrp/BookValueAmt01250000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01250000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0182872
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt078453
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0261325
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09778320
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt02000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0116686
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt05000
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt05000

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