Civic Intelligence

C E Ware Towers Incorporated

990 • Fiscal year 2016 • EIN 30-0134249

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 14, 2016

Organization Profile
2171 Judicial Drive Suite 200Germantown, TN 38138

(901) 759-1855

Siviq Scores

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

Liabilities / Assets

94th percentile

1.22x

Higher debt load relative to assets than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

8.26x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

22nd percentile

-9.7%

Higher net margin than 22% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

38th percentile

-1.3%

Faster asset growth than 38% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

46th percentile

1.5%

Faster revenue growth than 46% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$3,040,166

Down $40,855 (-1.3%) from 2015

Net Assets

Down

-$665,420

Down $43,611 (-7.0%) from 2015

Liabilities

Up

$3,705,586

Up $2,756 (+0.1%) from 2015

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin22nd percentile

Revenue

Up

$448,702

Up $6,655 (+1.5%) from 2015

Expenses

Up

$492,313

Up $17,023 (+3.6%) from 2015

Net Income

Down

-$43,611

Down $10,368 (-31%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $3,280,876Liabilities 2011: $3,727,396Net Assets 2011: -$446,5202011Assets 2012: $3,259,094Liabilities 2012: $3,725,833Net Assets 2012: -$466,7392012Assets 2013: $3,168,944Liabilities 2013: $3,713,445Net Assets 2013: -$544,5012013Assets 2014: $3,117,602Liabilities 2014: $3,706,168Net Assets 2014: -$588,5662014Assets 2015: $3,081,021Liabilities 2015: $3,702,830Net Assets 2015: -$621,8092015Assets 2016: $3,040,166Liabilities 2016: $3,705,586Net Assets 2016: -$665,4202016Assets 2017: $2,988,105Liabilities 2017: $3,707,313Net Assets 2017: -$719,2082017Assets 2018: $2,936,613Liabilities 2018: $3,715,959Net Assets 2018: -$779,3462018Assets 2019: $2,903,407Liabilities 2019: $3,717,758Net Assets 2019: -$814,3512019Assets 2020: $2,898,696Liabilities 2020: $3,722,898Net Assets 2020: -$824,2022020Assets 2021: $2,873,817Liabilities 2021: $3,725,354Net Assets 2021: -$851,5372021Assets 2022: $2,788,144Liabilities 2022: $3,718,994Net Assets 2022: -$930,8502022Assets 2023: $2,726,868Liabilities 2023: $3,716,029Net Assets 2023: -$989,1612023Assets 2024: $2,684,073Liabilities 2024: $3,713,664Net Assets 2024: -$1,029,5912024Assets 2025: $2,684,835Liabilities 2025: $3,744,046Net Assets 2025: -$1,059,2112025

Highlighted filing

2016

Assets$3,040,166
Liabilities$3,705,586
Net Assets-$665,420
Open 2016 Filing

Operations Trend

Revenue Growth46th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $362,5112011Expenses 2012: $432,4272012Expenses 2013: $488,1042013Revenue 2014: $421,319Expenses 2014: $465,384Net Income 2014: -$44,0652014Revenue 2015: $442,047Expenses 2015: $475,290Net Income 2015: -$33,2432015Revenue 2016: $448,702Expenses 2016: $492,313Net Income 2016: -$43,6112016Revenue 2017: $450,895Expenses 2017: $504,683Net Income 2017: -$53,7882017Revenue 2018: $462,725Expenses 2018: $522,863Net Income 2018: -$60,1382018Revenue 2019: $486,788Expenses 2019: $521,793Net Income 2019: -$35,0052019Revenue 2020: $490,375Expenses 2020: $500,224Net Income 2020: -$9,8492020Revenue 2021: $505,786Expenses 2021: $533,121Net Income 2021: -$27,3352021Revenue 2022: $543,443Expenses 2022: $622,756Net Income 2022: -$79,3132022Revenue 2023: $557,788Expenses 2023: $616,099Net Income 2023: -$58,3112023Revenue 2024: $593,891Expenses 2024: $634,321Net Income 2024: -$40,4302024Revenue 2025: $627,621Expenses 2025: $657,241Net Income 2025: -$29,6202025

Highlighted filing

2016

Revenue$448,702
Expenses$492,313
Net Income-$43,611
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 14, 2016
Return Version
2015v2.1
Gross Receipts
$448,702
Mission and Program Overview

Mission

To provide low income quality rental housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,753,473$2,654,030▼ $99,443
Cash and Non-Interest-Bearing Accounts$14,577$19,135▲ $4,558
Accounts Receivable$8,148$66▼ $8,082
Total Assets$3,081,021$3,040,166▼ $40,855
Other Assets Total$304,823$366,935▲ $62,112
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,548,300$3,548,300→ $0
Other Liabilities$142,983$142,563▼ $420
Accounts Payable and Accrued Expenses$10,423$14,436▲ $4,013
Deferred Revenue$1,124$287▼ $837
Total Liabilities$3,702,830$3,705,586▲ $2,756
Net Assets / Fund Balance
Unrestricted Net Assets$-621,809$-665,420▼ $43,611
Total Net Assets Fund Balance$-621,809$-665,420▼ $43,611
Total Liabilities and Net Assets / Fund Balance$3,081,021$3,040,166▼ $40,855

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,578,504$959,328$3,537,832
Land$75,000-$75,000
Equipment$526$29,799$30,325
Other Assets Org$13,916--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Lesa HalfacreChairman
Audrey LarshaBoard Member
Bertha GarnerBoard Member
Cheryl EppengerBoard Member
Mary DanielsBoard Member
Alice HarrisSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$448,542
Investment Income
$160
Other Revenue
$0
Change in Net Assets
$-43,611

Audited Revenue Reconciliation

Revenue per Audited Statements
$448,702
Total Revenue per Audited Statements
$448,702
Total Revenue per Form 990
$448,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$410,651
Salaries, Compensation, and Employee Benefits$81,662
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$236,543--$236,543
Depreciation Depletion$99,443--$99,443
Other Salaries and Wages$58,821--$58,821
Fees for Services Management$20,872$31,307-$52,179
Other Employee Benefits$14,232--$14,232
Office Expenses-$9,723-$9,723
Fees for Services Accounting-$8,802-$8,802
Payroll Taxes$8,609--$8,609
Insurance$2,160--$2,160
Fees for Services Legal-$903-$903
Conferences and Meetings$571--$571
Advertising-$327-$327
Total Functional Expenses$441,251$51,062$0$492,313

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$492,313
Total Expenses per Audited Statements$492,313
Total Expenses per Form 990$492,313
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
Accrued Property Taxes$125,275
Tenant Security Deposits$13,579
Accrued Management Fee$3,709
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The organization delegated day to day property management responsibilities to the management company, tesco properties, inc.”

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

“The form 990 was reviewed by the managament company, tesco properties, inc., prior to signing and filing.”

Form 990, Page 6, Part VI, Line 19

“The organization has the governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
C E Ware Towers Inc
EIN
30-0134249
Phone
9017591855
Address
2171 JUDICIAL DRIVE SUITE 200, GERMANTOWN, TN 38138

Signing Officer

Name
Lesa Halfacre
Title
Chairman
Phone
9017591855
Signed
2016-09-14

Organization Details

Principal Officer
Lesa Halfacre
Formed
2003
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
2

Preparer

Firm
Rowland & Carter Cpas Pllc
Address
7953 STAGE HILLS BLVD STE 110, MEMPHIS, TN 38133-4010
Preparer
Michael H Kaspar
Phone
9014323000
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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/OtherCostOrOtherBasisAmt030325
IRS990ScheduleD/ExpensesSubtotalAmt0492313
IRS990ScheduleD/LandGrp/BookValueAmt075000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt075000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0309479
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt143540
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt213916
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SEC DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0125275
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113579
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23709
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PROPERTY TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED MANAGEMENT FEE
IRS990ScheduleD/RevenueSubtotalAmt0448702
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02654030
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0366935
IRS990ScheduleD/TotalExpensesPerForm990Amt0492313
IRS990ScheduleD/TotalLiabilityAmt0142563
IRS990ScheduleD/TotalRevenuePerForm990Amt0448702
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0448702
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0492313
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED DAY TO DAY PROPERTY MANAGEMENT RESPONSIBILITIES TO THE MANAGEMENT COMPANY, TESCO PROPERTIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS REVIEWED BY THE MANAGAMENT COMPANY, TESCO PROPERTIES, INC., PRIOR TO SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03081021
IRS990/TotalAssetsEOYAmt03040166
IRS990/TotalAssetsGrp/BOYAmt03081021
IRS990/TotalAssetsGrp/EOYAmt03040166
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051062
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0441251
IRS990/TotalFunctionalExpensesGrp/TotalAmt0492313
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03702830
IRS990/TotalLiabilitiesEOYAmt03705586
IRS990/TotalLiabilitiesGrp/BOYAmt03702830
IRS990/TotalLiabilitiesGrp/EOYAmt03705586
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-621809
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-665420
IRS990/TotalProgramServiceExpensesAmt0441251
IRS990/TotalProgramServiceRevenueAmt0448542
IRS990/TotalRevenueGrp/ExclusionAmt0160
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0448542
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0448702
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03081021
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03040166
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-621809
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-665420
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01772 KINGSVIEW DRIVE
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038114
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LESA HALFACRE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09017591855
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0C E WARE TOWERS INC
ReturnHeader/Filer/BusinessNameControlTxt0CEWA
ReturnHeader/Filer/EIN0300134249
ReturnHeader/Filer/PhoneNum09017591855
ReturnHeader/Filer/USAddress/AddressLine1Txt02171 JUDICIAL DRIVE SUITE 200
ReturnHeader/Filer/USAddress/CityNm0GERMANTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038138
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621587083
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROWLAND & CARTER CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07953 STAGE HILLS BLVD STE 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0381334010
ReturnHeader/PreparerPersonGrp/PhoneNum09014323000
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL H KASPAR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-09-23T08:24:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,040,166
Liabilities
$3,705,586
Net assets
-$665,420
Revenue
$448,702
Expenses
$492,313
Net income
-$43,611
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.68$3.74$1.06$0.63$0.66$0.03
2024Detailed filing. Detailed filing data is available for this year.$2.68$3.71$1.03$0.59$0.63$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.73$3.72$0.99$0.56$0.62$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.79$3.72$0.93$0.54$0.62$0.08
2021Detailed filing. Detailed filing data is available for this year.$2.87$3.73$0.85$0.51$0.53$0.03
2020Detailed filing. Detailed filing data is available for this year.$2.90$3.72$0.82$0.49$0.50$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.90$3.72$0.81$0.49$0.52$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.94$3.72$0.78$0.46$0.52$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.99$3.71$0.72$0.45$0.50$0.05
2016Detailed filing. Detailed filing data is available for this year.$3.04$3.71$0.67$0.45$0.49$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.08$3.70$0.62$0.44$0.48$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.12$3.71$0.59$0.42$0.47$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$3.71$0.54$0.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$3.73$0.47$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$3.73$0.45$0.36