Civic Intelligence

Resource Center Apartments Inc

990 • Fiscal year 2014 • EIN 31-1307922

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 30, 2015

601 N Fountain Avenue45503

(937) 390-7973

Siviq Scores

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

Liabilities / Assets

95th percentile

1.33x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

4.36x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

60th percentile

7.6%

Higher net margin than 60% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

99th percentile

$174,342

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 132.7% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

41st percentile

-1.8%

Faster asset growth than 41% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$431,190

Down $7,685 (-1.8%) from 2013

Net Assets

Up

-$141,949

Up $9,955 (+6.6%) from 2013

Liabilities

Down

$573,139

Down $17,640 (-3.0%) from 2013

Revenue

$131,422

No earlier filing loaded for comparison.

Expenses

Up

$121,467

Up $5,237 (+4.5%) from 2013

Net Income

$9,955

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2011: $455,998Liabilities 2011: $622,239Net Assets 2011: -$166,2412011Assets 2012: $453,039Liabilities 2012: $611,945Net Assets 2012: -$158,9062012Assets 2013: $438,875Liabilities 2013: $590,779Net Assets 2013: -$151,9042013Assets 2014: $431,190Liabilities 2014: $573,139Net Assets 2014: -$141,9492014Assets 2015: $432,196Liabilities 2015: $570,579Net Assets 2015: -$138,3832015Assets 2016: $456,470Liabilities 2016: $602,067Net Assets 2016: -$145,5972016Assets 2017: $426,409Liabilities 2017: $573,774Net Assets 2017: -$147,3652017Assets 2018: $419,050Liabilities 2018: $561,944Net Assets 2018: -$142,8942018Assets 2019: $408,271Liabilities 2019: $542,483Net Assets 2019: -$134,2122019Assets 2021: $384,007Liabilities 2021: $491,939Net Assets 2021: -$107,9322021Assets 2022: $361,651Liabilities 2022: $472,659Net Assets 2022: -$111,0082022Assets 2025: $310,884Liabilities 2025: $400,698Net Assets 2025: -$89,8142025

Highlighted filing

2014

Assets$431,190
Liabilities$573,139
Net Assets-$141,949

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2011: $129,8832011Expenses 2012: $115,9762012Expenses 2013: $116,2302013Revenue 2014: $131,422Expenses 2014: $121,467Net Income 2014: $9,9552014Revenue 2015: $126,317Expenses 2015: $122,751Net Income 2015: $3,5662015Revenue 2016: $120,228Expenses 2016: $127,442Net Income 2016: -$7,2142016Revenue 2017: $130,563Expenses 2017: $132,331Net Income 2017: -$1,7682017Revenue 2018: $137,502Expenses 2018: $133,031Net Income 2018: $4,4712018Revenue 2019: $136,367Expenses 2019: $127,685Net Income 2019: $8,6822019Revenue 2021: $138,118Expenses 2021: $123,095Net Income 2021: $15,0232021Revenue 2022: $130,017Expenses 2022: $133,093Net Income 2022: -$3,0762022Revenue 2025: $123,248Expenses 2025: $127,461Net Income 2025: -$4,2132025

Highlighted filing

2014

Revenue$131,422
Expenses$121,467
Net Income$9,955
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 30, 2015
Return Version
2013v4.0
Gross Receipts
$131,422
Mission and Program Overview

Mission

To own and operate a 16-unit affordable housing complex in springfield, ohio to serve residents with mental health illness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$374,504$354,422▼ $20,082
Savings and Temporary Cash Investments$51,853$66,352▲ $14,499
Cash and Non-Interest-Bearing Accounts$10,218$8,116▼ $2,102
Prepaid Expenses and Deferred Charges$2,300$2,300→ $0
Total Assets$438,875$431,190▼ $7,685
Liabilities
Mortgage Notes Payable Secured by Investment Property$502,264$489,744▼ $12,520
Accounts Payable and Accrued Expenses$85,304$80,184▼ $5,120
Other Liabilities$3,211$3,211→ $0
Total Liabilities$590,779$573,139▼ $17,640
Net Assets / Fund Balance
Unrestricted Net Assets$-151,904$-141,949▲ $9,955
Total Net Assets Fund Balance$-151,904$-141,949▲ $9,955
Total Liabilities and Net Assets / Fund Balance$438,875$431,190▼ $7,685

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$266,914$414,925$681,839
Land$86,040-$86,040
Equipment$1,468$7,654$9,122
Compensation and Service Providers

Employees

NameTitleOtherTotal
Beth HittPresident$57,737$57,737
Lynn CoresselVice President$43,276$43,276

Board Members and Trustees

NameTitle
Dr James PerrySecretary
Lynn RowlandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$83,811
Program Service Revenue
$47,605
Investment Income
$6
Other Revenue
$0
Change in Net Assets
$9,955

Audited Revenue Reconciliation

Revenue per Audited Statements
$131,422
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$131,422
Total Revenue per Form 990
$131,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,467
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$41,499--$41,499
Occupancy$25,257--$25,257
Depreciation Depletion$23,463--$23,463
Fees for Services Accounting-$5,500-$5,500
Insurance$4,600--$4,600
Other Expenses$1,617--$1,617
Fees for Services Management$600--$600
Total Functional Expenses$115,967$5,500$0$121,467

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$121,467
Total Expenses per Audited Statements$121,467
Total Expenses per Form 990$121,467
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on 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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$3,211
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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 3

Accounting, bookkeeping and other management functions are provided by an affiliated tax exempt organization, mental health services of clark and madison counties, inc. The officers are also employees of mental health services of clark and madison counties, inc.

Form 990, Part VI, Section B, Line 11

The board officers reviewed the form 990 before submission.

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

The board of trustees review compliance with the conflict of interest policy at the annual meeting.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements of the entity are available upon request of the organization.

Filing and Contact Details

Filer

EIN
31-1307922
Phone
9373907973

Signing Officer

Name
Lynn Corressel
Title
President
Phone
9373907973
Signed
2015-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynn Corressel
Formed
1988
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Preparer
Devesh Kamal CPA
Phone
9373992000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The project is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the project's tax-exempt purpose is subject to taxation as unrelated business income. The project's reporting returns are subject to audit by federal and state taxing authorities. The project's open audit periods are 2010 through 2012. No income tax provision has been included in the financial statemetns as the organization has determined it does not have unrelated business income subject to taxation.

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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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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0159618
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt03598
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011126
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR JAMES PERRY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0174342
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING, BOOKKEEPING AND OTHER MANAGEMENT FUNCTIONS ARE PROVIDED BY AN AFFILIATED TAX EXEMPT ORGANIZATION, MENTAL HEALTH SERVICES OF CLARK AND MADISON COUNTIES, INC. THE OFFICERS ARE ALSO EMPLOYEES OF MENTAL HEALTH SERVICES OF CLARK AND MADISON COUNTIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OFFICERS REVIEWED THE FORM 990 BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES REVIEW COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF THE ENTITY ARE AVAILABLE UPON REQUEST OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine11MENTAL HEALTH SERVICES INC OF CLARK AND MADISON COUNTIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10MENTAL HEALTH SERVICES INC OF CLARK AND MADISON COUNTIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11RESTAN CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0310787073
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1311368099
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COMMUNITY MENTAL HEALTH SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1RESIDENTAL RENTAL FOR THE MENTALLY ILL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10474 NORTH YELLOW SPRINGS STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine11601 N FOUNTAIN AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0SPRINGFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City1SPRINGFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State1OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode045504
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode145504
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0438875
IRS990/TotalAssetsEOYAmt0431190
IRS990/TotalAssetsGrp/BOYAmt0438875
IRS990/TotalAssetsGrp/EOYAmt0431190
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt083811
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05500
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0115967
IRS990/TotalFunctionalExpensesGrp/TotalAmt0121467
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0590779
IRS990/TotalLiabilitiesEOYAmt0573139
IRS990/TotalLiabilitiesGrp/BOYAmt0590779
IRS990/TotalLiabilitiesGrp/EOYAmt0573139
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-151904
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-141949
IRS990/TotalOtherCompensationAmt022286
IRS990/TotalProgramServiceExpensesAmt0115967
IRS990/TotalProgramServiceRevenueAmt047605
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt047605
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0131422
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0438875
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0431190
IRS990/TotReportableCompRltdOrgAmt0253069
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-151904
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-141949
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10601 N FOUNTAIN AVE
IRS990/USAddress/City0SPRINGFIELD
IRS990/USAddress/State0OH
IRS990/USAddress/ZIPCode045503
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.11$4.01$0.90$1.23$1.27$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.62$4.73$1.11$1.30$1.33$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.84$4.92$1.08$1.38$1.23$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.08$5.42$1.34$1.36$1.28$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.19$5.62$1.43$1.38$1.33$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.26$5.74$1.47$1.31$1.32$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.56$6.02$1.46$1.20$1.27$0.07
2015Detailed filing. Detailed filing data is available for this year.$4.32$5.71$1.38$1.26$1.23$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.31$5.73$1.42$1.31$1.21$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.39$5.91$1.52$1.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.53$6.12$1.59$1.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.56$6.22$1.66$1.30