Civic Intelligence

Lago De Plata Inc

990 • Fiscal year 2014 • EIN 30-0137270

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 24, 2015

5630 Dyer StreetDallas, TX 75206

(214) 750-8300

Siviq Scores

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

Liabilities / Assets

95th percentile

1.25x

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

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

Liabilities / Revenue

92nd percentile

3.28x

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

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

Net Margin

25th percentile

-6.4%

Higher net margin than 25% 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

19th percentile

-5.3%

Faster asset growth than 19% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

33rd percentile

-2.1%

Faster revenue growth than 33% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$3,579,947

Down $200,968 (-5.3%) from 2013

Net Assets

Down

-$884,849

Down $142,059 (-19%) from 2013

Liabilities

Down

$4,464,796

Down $58,909 (-1.3%) from 2013

Revenue

Down

$1,361,972

Down $29,697 (-2.1%) from 2013

Expenses

Up

$1,449,042

Up $63,483 (+4.6%) from 2013

Net Income

Down

-$87,070

Down $93,180 (-1525%) from 2013

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $3,874,549Liabilities 2010: $4,354,754Net Assets 2010: -$480,2052010Assets 2011: $3,666,420Liabilities 2011: $4,265,171Net Assets 2011: -$598,7512011Assets 2012: $3,517,092Liabilities 2012: $4,227,652Net Assets 2012: -$710,5602012Assets 2013: $3,780,915Liabilities 2013: $4,523,705Net Assets 2013: -$742,7902013Assets 2014: $3,579,947Liabilities 2014: $4,464,796Net Assets 2014: -$884,8492014Assets 2015: $3,315,555Liabilities 2015: $4,354,428Net Assets 2015: -$1,038,8732015Assets 2016: $3,130,061Liabilities 2016: $4,300,558Net Assets 2016: -$1,170,4972016Assets 2017: $2,990,577Liabilities 2017: $4,213,161Net Assets 2017: -$1,222,5842017Assets 2018: $2,718,319Liabilities 2018: $4,151,376Net Assets 2018: -$1,433,0572018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2014

Assets$3,579,947
Liabilities$4,464,796
Net Assets-$884,849

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,314,3012010Expenses 2011: $1,352,1222011Expenses 2012: $1,436,5492012Revenue 2013: $1,391,669Expenses 2013: $1,385,559Net Income 2013: $6,1102013Revenue 2014: $1,361,972Expenses 2014: $1,449,042Net Income 2014: -$87,0702014Revenue 2015: $1,385,414Expenses 2015: $1,543,145Net Income 2015: -$157,7312015Revenue 2016: $1,406,293Expenses 2016: $1,537,853Net Income 2016: -$131,5602016Revenue 2017: $1,437,492Expenses 2017: $1,489,524Net Income 2017: -$52,0322017Revenue 2018: $1,446,140Expenses 2018: $1,656,571Net Income 2018: -$210,4312018Revenue 2019: $4,971,984Expenses 2019: $3,111,286Net Income 2019: $1,860,6982019

Highlighted filing

2014

Revenue$1,361,972
Expenses$1,449,042
Net Income-$87,070
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 24, 2015
Return Version
2014v5.0
Gross Receipts
$1,361,972
Mission and Program Overview

Mission

Providing affordable housing through a 150 unit apartment complex

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,311,894$3,096,141▼ $215,753
Cash and Non-Interest-Bearing Accounts$76,019$76,957▲ $938
Intangible Assets$85,535$76,118▼ $9,417
Prepaid Expenses and Deferred Charges$24,756$24,174▼ $582
Accounts Receivable$515$773▲ $258
Total Assets$3,780,915$3,579,947▼ $200,968
Other Assets Total$282,196$305,784▲ $23,588
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,365,364$4,295,707▼ $69,657
Other Liabilities$106,175$109,461▲ $3,286
Accounts Payable and Accrued Expenses$52,159$59,538▲ $7,379
Deferred Revenue$7$90▲ $83
Total Liabilities$4,523,705$4,464,796▼ $58,909
Net Assets / Fund Balance
Unrestricted Net Assets$-742,790$-884,849▼ $142,059
Total Net Assets Fund Balance$-742,790$-884,849▼ $142,059
Total Liabilities and Net Assets / Fund Balance$3,780,915$3,579,947▼ $200,968

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,636,141$1,787,163$4,423,304
Land$460,000-$460,000
Equipment$0$421,332$421,332
Other Land Buildings$0$4,919$4,919
Other Assets Org$50,179--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gail SpencerDirector
John G JacksonDirector
Peter J JacksonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,104,851
Program Service Revenue
$256,910
Investment Income
$211
Other Revenue
$0
All Other Contributions
$6,750
Change in Net Assets
$-87,070

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,361,972
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-83
Total Revenue per Audited Statements
$1,361,889
Total Revenue per Form 990
$1,361,972
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,184,188
Salaries, Compensation, and Employee Benefits$264,854
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$228,828--$228,828
Depreciation Depletion$170,264--$170,264
Interest$136,291--$136,291
Insurance$88,065--$88,065
Fees for Services Management$63,222--$63,222
Office Expenses$49,140--$49,140
All Other Expenses$46,545--$46,545
Other Employee Benefits$36,026--$36,026
Other Expenses$30,573--$30,573
Advertising$10,210--$10,210
Fees for Services Legal$5,810--$5,810
Occupancy$5,350--$5,350
Fees for Services Accounting$5,081--$5,081
Total Functional Expenses$1,449,042$0$0$1,449,042

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,503,948
Expenses per Audited Statements$1,449,042
Total Expenses per Form 990$1,449,042
Expenses Not Reported on Form 990$54,906
Expenses Not Reported on Financial Statements$0
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-2 Directors Own Skyline PropertiesManagement FeesNo$63,222
-2 Directors Are Owners of DpcsBookkeeping FeesNo$9,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage Payable-current Portion$80,934
Security Deposits$16,458
Accrued Management Fee$6,948
Accrued Wages$5,121
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
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, Part VI, Section A, Line 2

Two of the directors are siblings

Form 990, Part VI, Section A, Line 3

Management of the property is delegated to skyline properties inc. Which is subject to approval of the us department of housing and urban development

Form 990, Part VI, Section B, Line 11

The organizations tax return is reviewed by the director and property manager prior to filing.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public upon request through the property manager.

Filing and Contact Details

Filer

Filer Name
Lago De Plata Inc
EIN
30-0137270
Phone
2147508300
Address
5630 DYER STREET, DALLAS, TX 75206

Signing Officer

Name
Peter Jackson
Title
Director
Phone
2147508300
Signed
2015-03-24

Organization Details

Principal Officer
Peter J Jackson
Formed
2002
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Cornwell Jackson Pllc
Address
4975 PRESTON PARK BLVD, PLANO, TX 75093
Preparer
Derek Northup
Phone
9722028000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Book vs tax depreciation -54,906. Prepaid rents -83.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

PREPAID RENTS

PART XII, LINE 2D - OTHER ADJUSTMENTS:

DEPRECIATION

Raw XML AppendixShowing 400 of 431 raw XML fields

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/OtherAssetsOrgGrp/Desc1MIP ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3MONTHLY R & R DEPOSIT
IRS990ScheduleD/OtherExpensesIncludedAmt054906
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04919
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04919
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt080934
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16948
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt216458
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35121
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGE PAYABLE-CURRENT PORTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED MANAGEMENT FEE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED WAGES
IRS990ScheduleD/OtherRevenueAmt0-83
IRS990ScheduleD/RevenueNotReportedAmt0-83
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01361972
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PREPAID RENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03096141
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0305784
IRS990ScheduleD/TotalExpensesPerForm990Amt01449042
IRS990ScheduleD/TotalLiabilityAmt0109461
IRS990ScheduleD/TotalRevenuePerForm990Amt01361972
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01361889
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01503948
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SKYLINE PROPERTIES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1DPCS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt02 DIRECTORS OWN SKYLINE PROPERTIES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt12 DIRECTORS ARE OWNERS OF DPCS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt063222
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt19000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1BOOKKEEPING FEES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE DIRECTORS ARE SIBLINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT OF THE PROPERTY IS DELEGATED TO SKYLINE PROPERTIES INC. WHICH IS SUBJECT TO APPROVAL OF THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS TAX RETURN IS REVIEWED BY THE DIRECTOR AND PROPERTY MANAGER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST THROUGH THE PROPERTY MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK VS TAX DEPRECIATION -54,906. PREPAID RENTS -83.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0URBAN DEVELOPMENT FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237028475
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING AND COMMUNITY DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05630 DYER STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DALLAS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd075206
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt06750
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0URBAN DEVELOPMENT FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03780915
IRS990/TotalAssetsEOYAmt03579947
IRS990/TotalAssetsGrp/BOYAmt03780915
IRS990/TotalAssetsGrp/EOYAmt03579947
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01104851
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01449042
IRS990/TotalFunctionalExpensesGrp/TotalAmt01449042
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04523705
IRS990/TotalLiabilitiesEOYAmt04464796
IRS990/TotalLiabilitiesGrp/BOYAmt04523705
IRS990/TotalLiabilitiesGrp/EOYAmt04464796
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-742790
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-884849
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01449042
IRS990/TotalProgramServiceRevenueAmt0256910
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0211
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0256910
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01361972
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03780915
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03579947
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-742790
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-884849
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05630 DYER STREET
IRS990/USAddress/CityNm0DALLAS
IRS990/USAddress/StateAbbreviationCd0TX

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