Civic Intelligence

Luxora Garden Apartments Inc.

990 • Fiscal year 2014 • EIN 31-1513483

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 17, 2014

8101 I-3072209

(501) 280-0037

Siviq Scores

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

Liabilities / Assets

45th percentile

0.03x

Higher debt load relative to assets than 45% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

72nd percentile

0.20x

Higher debt load relative to revenue than 72% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

14th percentile

-18%

Higher net margin than 14% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

36th percentile

-1.6%

Faster asset growth than 36% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M 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

$679,003

Down $9,947 (-1.4%) from 2012

Net Assets

Down

$659,322

Down $21,953 (-3.2%) from 2012

Liabilities

Up

$19,681

Up $12,006 (+156%) from 2012

Revenue

$99,005

No earlier filing loaded for comparison.

Expenses

Up

$116,609

Up $12,129 (+12%) from 2012

Net Income

-$17,604

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$0Assets 2012: $688,950Liabilities 2012: $7,675Net Assets 2012: $681,2752012Assets 2014: $679,003Liabilities 2014: $19,681Net Assets 2014: $659,3222014Assets 2015: $650,941Liabilities 2015: $13,213Net Assets 2015: $637,7282015Assets 2016: $630,191Liabilities 2016: $14,911Net Assets 2016: $615,2802016Assets 2018: $567,294Liabilities 2018: $11,956Net Assets 2018: $555,3382018Assets 2019: $548,954Liabilities 2019: $6,224Net Assets 2019: $542,7302019Assets 2020: $529,380Liabilities 2020: $9,749Net Assets 2020: $519,6312020Assets 2021: $494,671Liabilities 2021: $6,168Net Assets 2021: $488,5032021Assets 2022: $486,964Liabilities 2022: $5,380Net Assets 2022: $481,5842022Assets 2023: $446,803Liabilities 2023: $7,340Net Assets 2023: $439,4632023

Highlighted filing

2014

Assets$679,003
Liabilities$19,681
Net Assets$659,322

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2012: $104,4802012Revenue 2014: $99,005Expenses 2014: $116,609Net Income 2014: -$17,6042014Revenue 2015: $97,416Expenses 2015: $119,010Net Income 2015: -$21,5942015Revenue 2016: $95,038Expenses 2016: $117,486Net Income 2016: -$22,4482016Revenue 2018: $96,077Expenses 2018: $113,792Net Income 2018: -$17,7152018Revenue 2019: $88,797Expenses 2019: $101,405Net Income 2019: -$12,6082019Revenue 2020: $82,581Expenses 2020: $105,680Net Income 2020: -$23,0992020Revenue 2021: $86,831Expenses 2021: $117,959Net Income 2021: -$31,1282021Revenue 2022: $94,960Expenses 2022: $101,879Net Income 2022: -$6,9192022Revenue 2023: $100,650Expenses 2023: $142,771Net Income 2023: -$42,1212023

Highlighted filing

2014

Revenue$99,005
Expenses$116,609
Net Income-$17,604
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 17, 2014
Return Version
2013v3.1
Gross Receipts
$99,005
Mission and Program Overview

Mission

To provide low-income housing for the elderly in luxora, arkansas based on the requirements set forth by the u.s. Department of housing and urban development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$574,909$551,611▼ $23,298
Cash and Non-Interest-Bearing Accounts$10,285$10,220▼ $65
Prepaid Expenses and Deferred Charges$7,067$3,043▼ $4,024
Accounts Receivable-$560-
Total Assets$690,199$679,003▼ $11,196
Other Assets Total$97,938$113,569▲ $15,631
Liabilities
Accounts Payable and Accrued Expenses$9,988$16,451▲ $6,463
Other Liabilities$3,285$3,230▼ $55
Total Liabilities$13,273$19,681▲ $6,408
Net Assets / Fund Balance
Temporarily Rstr Net Assets$909,200$909,200→ $0
Unrestricted Net Assets$-232,274$-249,878▼ $17,604
Total Net Assets Fund Balance$676,926$659,322▼ $17,604
Total Liabilities and Net Assets / Fund Balance$690,199$679,003▼ $11,196

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$532,611$322,588$855,199
Land$19,000-$19,000
Other Assets Org$3,230--
Compensation and Service Providers

Board Members and Trustees

NameTitle
C Carl SchultzPresident
Cynthia KnoerrSecretary
Jeffrey OwensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$98,893
Investment Income
$112
Other Revenue
$0
Change in Net Assets
$-17,604

Audited Revenue Reconciliation

Revenue per Audited Statements
$99,005
Total Revenue per Audited Statements
$99,005
Total Revenue per Form 990
$99,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$95,375
Salaries, Compensation, and Employee Benefits$21,234
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$15,820$7,478-$23,298
Other Salaries and Wages$13,207$6,244-$19,451
Fees for Services Management$8,199$3,876-$12,075
Insurance$7,864$3,718-$11,582
Fees for Services Accounting$6,141$2,903-$9,044
Occupancy$3,978$1,881-$5,859
Office Expenses$3,354$1,585-$4,939
Payroll Taxes$1,211$572-$1,783
Other Expenses$122$57-$179
Conferences and Meetings$2$1-$3
Total Functional Expenses$79,179$37,430$0$116,609

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$116,609
Total Expenses per Audited Statements$116,609
Total Expenses per Form 990$116,609
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
-OwnerPayroll ProcessingNo$23,847
-OwnersManagement AgentYes$12,100
-OwnerAdmin ServicesNo$284
-OwnersBackground ChecksNo$112
-OwnersStorage ServicesNo$52
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Liability$3,230
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 2

C. Carl schultz cynthia knoerr president secretary siblings c. Carl schultz and cynthia knoerr jeffrey owens pres/sec treasurer employers/employee

Form 990, Page 6, Part VI, Line 3

The board has delegated management control to a management company, intrepid management, inc. All decisions, except review of the annual audit and form 990 tax return, are made by the management company.

Form 990, Page 6, Part VI, Line 7A

The number of directors of the corporation shall be three (3), who shall elect their successors, in the event of a vacancy, and who shall elect the officers of the corporation. All directors and officers shall serve one year terms, but shall serve until their successors are elected.

Form 990, Page 6, Part VI, Line 11B

Form 990 prepared by a cpa firm and provided to the board of directors for review and approval prior to filing.

Form 990, Page 6, Part VI, Line 12C

The board is required to update and disclose related party transactions in the annual audit each year and submit to 3rd party regulators.

Form 990, Page 6, Part VI, Line 19

Governing documents are not provided for public access but can be reviewed upon request.

Filing and Contact Details

Filer

EIN
31-1513483
Phone
5012800037

Signing Officer

Name
C Carl Schultz
Title
President
Phone
5012800037
Signed
2014-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
C Carl Schultz
Formed
1996
Legal Domicile
Ar
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Preparer
Michele Kemp CPA
Phone
5012236934
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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/TotExpnsEtcAuditedFinclStmtAmt0116609
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine10ARKANSAS CONSOLIDATED PAYROLL PROC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine11INTREPID INVESTMENTS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine12INTREPID MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine13UNITED PROPERTIES MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine14JCC I-30 LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine20ARKANSAS CONSOLIDATED PAYROLL PROC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine21INTREPID INVESTMENTS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine22INTREPID MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine23UNITED PROPERTIES MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine24JCC I-30 LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OWNERS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OWNERS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4OWNERS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2true
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt023847
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1112
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt212100
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt3284
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt452
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PAYROLL PROCESSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1BACKGROUND CHECKS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2MANAGEMENT AGENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3ADMIN SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4STORAGE SERVICES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0C. CARL SCHULTZ IS PRESIDENT OF THE ENTITY AND IS SOLE OWNER OF ARKANSAS CONSOLIDATED PAYROLL PROCESSING. SERVICES PROVIDED INCLUDE PAYROLL PROCESSING AND LEASING OF EMPLOYEES. C. CARL SCHULTZ AND CYNTHIA KNOERR ARE SIBLINGS AND OFFICERS OF THE ENTITY. THEY ARE OWNERS OF INTREPID INVESTMENTS, INC. AND INTREPID MANAGEMENT, INC. C. CARL SCHULTZ IS PRESIDENT OF THE ENTITY AND IS AN OWNER OF UNITED PROPERTIES, MANAGEMENT, INC. C. CARL SCHULTZ, CYNTHIA KNOERR, AND JEFFREY OWENS ARE EQUAL OWNERS OF THE ENTITY JCC I-30, LLC.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0C. CARL SCHULTZ CYNTHIA KNOERR PRESIDENT SECRETARY SIBLINGS C. CARL SCHULTZ AND CYNTHIA KNOERR JEFFREY OWENS PRES/SEC TREASURER EMPLOYERS/EMPLOYEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD HAS DELEGATED MANAGEMENT CONTROL TO A MANAGEMENT COMPANY, INTREPID MANAGEMENT, INC. ALL DECISIONS, EXCEPT REVIEW OF THE ANNUAL AUDIT AND FORM 990 TAX RETURN, ARE MADE BY THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE NUMBER OF DIRECTORS OF THE CORPORATION SHALL BE THREE (3), WHO SHALL ELECT THEIR SUCCESSORS, IN THE EVENT OF A VACANCY, AND WHO SHALL ELECT THE OFFICERS OF THE CORPORATION. ALL DIRECTORS AND OFFICERS SHALL SERVE ONE YEAR TERMS, BUT SHALL SERVE UNTIL THEIR SUCCESSORS ARE ELECTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 PREPARED BY A CPA FIRM AND PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD IS REQUIRED TO UPDATE AND DISCLOSE RELATED PARTY TRANSACTIONS IN THE ANNUAL AUDIT EACH YEAR AND SUBMIT TO 3RD PARTY REGULATORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE NOT PROVIDED FOR PUBLIC ACCESS BUT CAN BE REVIEWED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0909200
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0909200
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0690199
IRS990/TotalAssetsEOYAmt0679003
IRS990/TotalAssetsGrp/BOYAmt0690199
IRS990/TotalAssetsGrp/EOYAmt0679003
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037430
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt079179
IRS990/TotalFunctionalExpensesGrp/TotalAmt0116609
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013273
IRS990/TotalLiabilitiesEOYAmt019681
IRS990/TotalLiabilitiesGrp/BOYAmt013273
IRS990/TotalLiabilitiesGrp/EOYAmt019681
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0676926
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0659322
IRS990/TotalProgramServiceExpensesAmt079179
IRS990/TotalProgramServiceRevenueAmt098893
IRS990/TotalRevenueGrp/ExclusionAmt0112
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt098893
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt099005
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0690199
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0679003
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-232274
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-249878
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine108101 I-30
IRS990/USAddress/City0LITTLE ROCK
IRS990/USAddress/State0AR
IRS990/USAddress/ZIPCode072209
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0C CARL SCHULTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05012800037
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-17
ReturnHeader/Filer/BusinessName/BusinessNameLine10LUXORA GARDENS INC
ReturnHeader/Filer/BusinessNameControlTxt0LUXO
ReturnHeader/Filer/EIN0311513483
ReturnHeader/Filer/PhoneNum05012800037
ReturnHeader/Filer/USAddress/AddressLine108101 I-30
ReturnHeader/Filer/USAddress/City0LITTLE ROCK
ReturnHeader/Filer/USAddress/State0AR
ReturnHeader/Filer/USAddress/ZIPCode072209
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274290628
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10ACAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1010 CORPORATE HILL DR STE 180
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0LITTLE ROCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0722054562
ReturnHeader/PreparerPersonGrp/PhoneNum05012236934
ReturnHeader/PreparerPersonGrp/PreparationDt02014-10-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELE KEMP CPA
ReturnHeader/ReturnTs02014-10-17T17:58:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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