Civic Intelligence

Powell Chapell Housing Development Corporation

990 • Fiscal year 2016 • EIN 31-1504057

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 22, 2016

Organization Profile
2171 Judicial Drive Ste 200Germantown, TN 38138

(901) 759-1855

Siviq Scores

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

Liabilities / Assets

95th percentile

1.28x

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

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

Liabilities / Revenue

96th percentile

6.17x

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

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

Net Margin

71st percentile

12%

Higher net margin than 71% 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

56th percentile

2.8%

Faster asset growth than 56% of similar nonprofits.

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

Revenue Growth

66th percentile

11%

Faster revenue growth than 66% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$1,402,138

Up $38,230 (+2.8%) from 2015

Net Assets

Up

-$389,324

Up $34,441 (+8.1%) from 2015

Liabilities

Up

$1,791,462

Up $3,789 (+0.2%) from 2015

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin71st percentile

Revenue

Up

$290,189

Up $27,925 (+11%) from 2015

Expenses

Down

$255,748

Down $43,075 (-14%) from 2015

Net Income

Up

$34,441

Up $71,000 (+194%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2011: $1,491,061Liabilities 2011: $1,789,451Net Assets 2011: -$298,3902011Assets 2012: $1,478,487Liabilities 2012: $1,801,094Net Assets 2012: -$322,6072012Assets 2013: $1,442,152Liabilities 2013: $1,789,420Net Assets 2013: -$347,2682013Assets 2014: $1,403,004Liabilities 2014: $1,790,210Net Assets 2014: -$387,2062014Assets 2015: $1,363,908Liabilities 2015: $1,787,673Net Assets 2015: -$423,7652015Assets 2016: $1,402,138Liabilities 2016: $1,791,462Net Assets 2016: -$389,3242016Assets 2017: $1,420,352Liabilities 2017: $1,791,126Net Assets 2017: -$370,7742017Assets 2018: $1,408,892Liabilities 2018: $1,796,000Net Assets 2018: -$387,1082018Assets 2019: $1,445,534Liabilities 2019: $1,792,728Net Assets 2019: -$347,1942019Assets 2020: $1,476,767Liabilities 2020: $1,817,647Net Assets 2020: -$340,8802020Assets 2021: $1,427,745Liabilities 2021: $1,814,960Net Assets 2021: -$387,2152021Assets 2022: $1,425,674Liabilities 2022: $1,793,410Net Assets 2022: -$367,7362022Assets 2023: $1,429,723Liabilities 2023: $1,791,011Net Assets 2023: -$361,2882023Assets 2025: $1,378,292Liabilities 2025: $1,800,047Net Assets 2025: -$421,7552025

Highlighted filing

2016

Assets$1,402,138
Liabilities$1,791,462
Net Assets-$389,324
Open 2016 Filing

Operations Trend

Revenue Growth66th percentile

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

$400K$200K$0-$200KExpenses 2011: $214,4542011Expenses 2012: $218,4682012Expenses 2013: $259,6192013Revenue 2014: $242,432Expenses 2014: $282,370Net Income 2014: -$39,9382014Revenue 2015: $262,264Expenses 2015: $298,823Net Income 2015: -$36,5592015Revenue 2016: $290,189Expenses 2016: $255,748Net Income 2016: $34,4412016Revenue 2017: $287,015Expenses 2017: $268,465Net Income 2017: $18,5502017Revenue 2018: $299,965Expenses 2018: $316,299Net Income 2018: -$16,3342018Revenue 2019: $294,642Expenses 2019: $254,728Net Income 2019: $39,9142019Revenue 2020: $306,104Expenses 2020: $299,790Net Income 2020: $6,3142020Revenue 2021: $288,811Expenses 2021: $335,146Net Income 2021: -$46,3352021Revenue 2022: $305,756Expenses 2022: $286,277Net Income 2022: $19,4792022Revenue 2023: $322,144Expenses 2023: $315,696Net Income 2023: $6,4482023Revenue 2025: $377,936Expenses 2025: $329,602Net Income 2025: $48,3342025

Highlighted filing

2016

Revenue$290,189
Expenses$255,748
Net Income$34,441
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 22, 2016
Return Version
2015v2.1
Gross Receipts
$290,189
Mission and Program Overview

Mission

To provide low income affordable housing to elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,302,444$1,308,113▲ $5,669
Accounts Receivable$5$5,993▲ $5,988
Cash and Non-Interest-Bearing Accounts$8,212$4,637▼ $3,575
Total Assets$1,363,908$1,402,138▲ $38,230
Other Assets Total$53,247$83,395▲ $30,148
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,774,300$1,774,300→ $0
Accounts Payable and Accrued Expenses$5,022$9,183▲ $4,161
Other Liabilities$8,099$7,754▼ $345
Deferred Revenue$252$225▼ $27
Total Liabilities$1,787,673$1,791,462▲ $3,789
Net Assets / Fund Balance
Unrestricted Net Assets$-423,765$-389,324▲ $34,441
Total Net Assets Fund Balance$-423,765$-389,324▲ $34,441
Total Liabilities and Net Assets / Fund Balance$1,363,908$1,402,138▲ $38,230

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,207,748$629,162$1,836,910
Land$100,000-$100,000
Equipment$365$12,792$13,157
Other Assets Org$8,454--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Thomas B BrownChairman
Johnny ShellVice Chairma
Calvin NeelyDirector
Charles LathamDirector
James LoveDirector
Linda EdmondSec/treasure
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$290,160
Investment Income
$29
Other Revenue
$0
Change in Net Assets
$34,441

Audited Revenue Reconciliation

Revenue per Audited Statements
$290,189
Total Revenue per Audited Statements
$290,189
Total Revenue per Form 990
$290,189
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$196,703
Salaries, Compensation, and Employee Benefits$59,045
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$80,632--$80,632
Depreciation Depletion$50,853--$50,853
Other Salaries and Wages$47,740--$47,740
Fees for Services Management$12,730$19,094-$31,824
Office Expenses-$13,392-$13,392
Advertising-$11,420-$11,420
Other Employee Benefits$7,579--$7,579
Fees for Services Accounting-$6,896-$6,896
Payroll Taxes$3,726--$3,726
Insurance$1,312--$1,312
Conferences and Meetings$374--$374
Total Functional Expenses$204,946$50,802$0$255,748

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$255,748
Total Expenses per Audited Statements$255,748
Total Expenses per Form 990$255,748
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
Tenant Security Deposits$7,754
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 is reviewed by the management 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
Powell Chapel Housing
EIN
31-1504057
Phone
9017591855
Address
2171 JUDICIAL DRIVE STE 200, GERMANTOWN, TN 38138
Doing Business As
Greater Powell Place

Signing Officer

Name
Thomas B Brown
Title
Chairman
Phone
9017591855
Signed
2016-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas B Brown
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
6
Employees
3

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/TotalRevenuePerForm990Amt0290189
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0290189
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0255748
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 IS REVIEWED BY THE MANAGEMENT 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/TotalAssetsBOYAmt01363908
IRS990/TotalAssetsEOYAmt01402138
IRS990/TotalAssetsGrp/BOYAmt01363908
IRS990/TotalAssetsGrp/EOYAmt01402138
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050802
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0204946
IRS990/TotalFunctionalExpensesGrp/TotalAmt0255748
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01787673
IRS990/TotalLiabilitiesEOYAmt01791462
IRS990/TotalLiabilitiesGrp/BOYAmt01787673
IRS990/TotalLiabilitiesGrp/EOYAmt01791462
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-423765
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-389324
IRS990/TotalProgramServiceExpensesAmt0204946
IRS990/TotalProgramServiceRevenueAmt0290160
IRS990/TotalRevenueGrp/ExclusionAmt029
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0290160
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0290189
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01363908
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01402138
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-423765
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-389324
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 579
IRS990/USAddress/CityNm0GRENADA
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038902
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS B BROWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09017591855
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POWELL CHAPEL HOUSING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0POWE
ReturnHeader/Filer/EIN0311504057
ReturnHeader/Filer/PhoneNum09017591855
ReturnHeader/Filer/USAddress/AddressLine1Txt02171 JUDICIAL DRIVE STE 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/PreparationDt02016-10-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL H KASPAR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-10-28T11:27:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,402,138
Liabilities
$1,791,462
Net assets
-$389,324
Revenue
$290,189
Expenses
$255,748
Net income
$34,441
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$1.80$0.42$0.38$0.33$0.05
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$1.79$0.36$0.32$0.32$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$1.79$0.37$0.31$0.29$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$1.81$0.39$0.29$0.34$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$1.82$0.34$0.31$0.30$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$1.79$0.35$0.29$0.25$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$1.80$0.39$0.30$0.32$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$1.79$0.37$0.29$0.27$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.40$1.79$0.39$0.29$0.26$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.36$1.79$0.42$0.26$0.30$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.40$1.79$0.39$0.24$0.28$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$1.79$0.35$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$1.80$0.32$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$1.79$0.30$0.21