Civic Intelligence

Powell Chapell Housing Development Corporation

990 • Fiscal year 2021 • EIN 31-1504057

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 03, 2021

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

96th percentile

1.27x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

97th percentile

6.28x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

12th percentile

-16%

Higher net margin than 12% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

17th percentile

-3.3%

Faster asset growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

24th percentile

-5.6%

Faster revenue growth than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$1,427,745

Down $49,022 (-3.3%) from 2020

Net Assets

Down

-$387,215

Down $46,335 (-14%) from 2020

Liabilities

Down

$1,814,960

Down $2,687 (-0.1%) from 2020

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin12th percentile

Revenue

Down

$288,811

Down $17,293 (-5.6%) from 2020

Expenses

Up

$335,146

Up $35,356 (+12%) from 2020

Net Income

Down

-$46,335

Down $52,649 (-834%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2021

Assets$1,427,745
Liabilities$1,814,960
Net Assets-$387,215
Open 2021 Filing

Operations Trend

Revenue Growth24th 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

2021

Revenue$288,811
Expenses$335,146
Net Income-$46,335
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 3, 2021
Return Version
2020v4.0
Gross Receipts
$288,811
Mission and Program Overview

Mission

To provide low income affordable housing to elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,177,399$1,111,813▼ $65,586
Cash and Non-Interest-Bearing Accounts$60,375$27,331▼ $33,044
Prepaid Expenses and Deferred Charges$13,224$14,836▲ $1,612
Total Assets$1,476,767$1,427,745▼ $49,022
Other Assets Total$225,769$273,765▲ $47,996
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,774,300$1,774,300→ $0
Accounts Payable and Accrued Expenses$35,110$31,693▼ $3,417
Other Liabilities$8,237$8,037▼ $200
Deferred Revenue-$930-
Total Liabilities$1,817,647$1,814,960▼ $2,687
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-340,880$-387,215▼ $46,335
Total Net Assets Fund Balance$-340,880$-387,215▼ $46,335
Total Liabilities and Net Assets / Fund Balance$1,476,767$1,427,745▼ $49,022

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,011,813$929,743$1,941,556
Land$100,000-$100,000
Equipment-$13,157$13,157
Other Assets Org$3,190--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Lewis EllisChairman
Johnny ShellVice Chairma
Calvin NeelyDirector
Charles LathamDirector
James LoveDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$288,709
Investment Income
$102
Other Revenue
$0
Change in Net Assets
$-46,335

Audited Revenue Reconciliation

Revenue per Audited Statements
$288,811
Total Revenue per Audited Statements
$288,811
Total Revenue per Form 990
$288,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$279,794
Salaries, Compensation, and Employee Benefits$55,352
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$158,339--$158,339
Depreciation Depletion$65,586--$65,586
Other Salaries and Wages$44,517--$44,517
Fees for Services Management$12,962$19,443-$32,405
Office Expenses-$12,891-$12,891
Fees for Services Accounting-$7,786-$7,786
Other Employee Benefits$7,092--$7,092
Payroll Taxes$3,743--$3,743
Insurance$1,393--$1,393
Advertising-$709-$709
Conferences and Meetings$455--$455
Fees for Services Legal-$230-$230
Total Functional Expenses$294,087$41,059$0$335,146

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$335,146
Total Expenses per Audited Statements$335,146
Total Expenses per Form 990$335,146
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$8,037
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Lewis Ellis
Title
Chairman
Phone
9017591855
Signed
2021-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lewis Ellis
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
3

Preparer

Firm
Rowland & Carter Cpas Pllc
Address
7953 STAGE HILLS BLVD STE 110, MEMPHIS, TN 38133-4010
Preparer
Patrick H Blair
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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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
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01476767
IRS990/TotalAssetsEOYAmt01427745
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IRS990/TotalAssetsGrp/EOYAmt01427745
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0294087
IRS990/TotalFunctionalExpensesGrp/TotalAmt0335146
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01817647
IRS990/TotalLiabilitiesEOYAmt01814960
IRS990/TotalLiabilitiesGrp/BOYAmt01817647
IRS990/TotalLiabilitiesGrp/EOYAmt01814960
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-340880
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-387215
IRS990/TotalProgramServiceExpensesAmt0294087
IRS990/TotalProgramServiceRevenueAmt0288709
IRS990/TotalRevenueGrp/ExclusionAmt0102
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0288709
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0288811
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01476767
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01427745
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LEWIS ELLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09017591855
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-03
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/PreparationDt02021-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK H BLAIR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-15T16:39:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LEWIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ELLIS
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,427,745
Liabilities
$1,814,960
Net assets
-$387,215
Revenue
$288,811
Expenses
$335,146
Net income
-$46,335
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
2021Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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