Civic Intelligence

Lago De Plata Inc

990 • Fiscal year 2016 • EIN 30-0137270

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 20, 2017

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

96th percentile

1.37x

Higher debt load relative to assets than 96% of similar nonprofits.

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

Liabilities / Revenue

92nd percentile

3.06x

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

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

Net Margin

23rd percentile

-9.4%

Higher net margin than 23% 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

20th percentile

-5.6%

Faster asset growth than 20% 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

Assets

Down

$3,130,061

Down $185,494 (-5.6%) from 2015

Net Assets

Down

-$1,170,497

Down $131,624 (-13%) from 2015

Liabilities

Down

$4,300,558

Down $53,870 (-1.2%) from 2015

Revenue

Up

$1,406,293

Up $20,879 (+1.5%) from 2015

Expenses

Down

$1,537,853

Down $5,292 (-0.3%) from 2015

Net Income

Up

-$131,560

Up $26,171 (+17%) from 2015

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

2016

Assets$3,130,061
Liabilities$4,300,558
Net Assets-$1,170,497

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

2016

Revenue$1,406,293
Expenses$1,537,853
Net Income-$131,560
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 20, 2017
Return Version
2016v3.0
Gross Receipts
$1,406,293
Mission and Program Overview

Mission

Providing affordable housing through a 150 unit apartment complex

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,880,388$2,664,634▼ $215,754
Intangible Assets$66,701$57,284▼ $9,417
Prepaid Expenses and Deferred Charges$26,130$26,373▲ $243
Cash and Non-Interest-Bearing Accounts$14,364$3,020▼ $11,344
Accounts Receivable$0$902▲ $902
Total Assets$3,315,555$3,130,061▼ $185,494
Other Assets Total$327,972$377,848▲ $49,876
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,223,860$4,149,753▼ $74,107
Other Liabilities$115,180$122,699▲ $7,519
Accounts Payable and Accrued Expenses$15,351$28,005▲ $12,654
Deferred Revenue$37$101▲ $64
Total Liabilities$4,354,428$4,300,558▼ $53,870
Net Assets / Fund Balance
Unrestricted Net Assets$-1,038,873$-1,170,497▼ $131,624
Total Net Assets Fund Balance$-1,038,873$-1,170,497▼ $131,624
Total Liabilities and Net Assets / Fund Balance$3,315,555$3,130,061▼ $185,494

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,204,634$2,218,670$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$325,623--
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
$1,095,206
Program Service Revenue
$310,940
Investment Income
$147
Other Revenue
$0
Change in Net Assets
$-131,560

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,406,293
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-64
Total Revenue per Audited Statements
$1,406,229
Total Revenue per Form 990
$1,406,293
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,200,099
Salaries, Compensation, and Employee Benefits$337,754
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$255,629--$255,629
Depreciation Depletion$225,170--$225,170
Interest$131,966--$131,966
Fees for Services Management$74,336--$74,336
Insurance$67,297--$67,297
All Other Expenses$62,700--$62,700
Other Employee Benefits$61,584--$61,584
Office Expenses$39,553--$39,553
Other Expenses$35,496--$35,496
Payroll Taxes$20,541--$20,541
Fees for Services Accounting$15,614--$15,614
Advertising$13,750--$13,750
Fees for Services Legal$7,530--$7,530
Occupancy$4,966--$4,966
Total Functional Expenses$1,537,853$0$0$1,537,853

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
Total Expenses per Form 990$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$74,336
-2 Directors Are Owners of DpcsBookkeeping FeesNo$9,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable - current portion$74,107
Security Deposits$20,792
interest PAYABLE-CURRENT PORTION$10,912
accrued wages$8,617
Accrued Management Fee$8,271
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 11B

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
2017-03-20
Discuss with paid preparer
Yes

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
6865 WINDCREST DR SUITE 100, Plano, TX 75024
Preparer
Gary Jackson
Phone
9722028000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

PREPAID RENT Revenue -64.

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

prepaid rent revenue -64.

Raw XML AppendixShowing 400 of 437 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/Desc1ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04919
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04919
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18271
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt220792
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt38617
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt474107
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0interest PAYABLE-CURRENT PORTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED MANAGEMENT FEE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3accrued wages
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Notes Payable - current portion
IRS990ScheduleD/OtherRevenueAmt0-64
IRS990ScheduleD/RevenueNotReportedAmt0-64
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01406293
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0prepaid rent revenue -64.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02664634
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0377848
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt0122699
IRS990ScheduleD/TotalRevenuePerForm990Amt01406293
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01406229
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt00
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/TransactionAmt074336
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/ExplanationTxt4PREPAID RENT Revenue -64.
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 11b
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/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/TotalAssetsBOYAmt03315555
IRS990/TotalAssetsEOYAmt03130061
IRS990/TotalAssetsGrp/BOYAmt03315555
IRS990/TotalAssetsGrp/EOYAmt03130061
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01095206
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01537853
IRS990/TotalFunctionalExpensesGrp/TotalAmt01537853
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04354428
IRS990/TotalLiabilitiesEOYAmt04300558
IRS990/TotalLiabilitiesGrp/BOYAmt04354428
IRS990/TotalLiabilitiesGrp/EOYAmt04300558
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1038873
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1170497
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01537853
IRS990/TotalProgramServiceRevenueAmt0310940
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0147
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0310940
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01406293
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03315555
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03130061
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1038873
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1170497
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05630 DYER STREET
IRS990/USAddress/CityNm0DALLAS
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075206
IRS990/VotingMembersGoverningBodyCnt03

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