Civic Intelligence

Lexington Elderly Housing Inc

EIN 31-1526063 • 501(c)3 • Duluth, GA

Profile

To own and operate a rental housing property for low income elderly persons under section 202 of the national housing act.

3237 Satellite Blvd 310Duluth, GA 30096

n/a

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.09x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

23rd percentile

-5.3%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

5.5%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,184,687

Down $130,710 (-9.9%) from 2022

Liabilities

Down

$41,631

Down $5,942 (-12%) from 2022

Net Assets

Down

$1,143,056

Down $124,768 (-9.8%) from 2022

Revenue

Up

$441,921

Up $37,556 (+9.3%) from 2022

Expenses

Up

$492,825

Up $31,029 (+6.7%) from 2022

Net Income

Up

-$50,904

Up $6,527 (+11%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,863,837Liabilities 2012: $25,370Net Assets 2012: $1,838,4672012Assets 2013: $1,809,248Liabilities 2013: $32,624Net Assets 2013: $1,776,6242013Assets 2014: $1,752,717Liabilities 2014: $27,440Net Assets 2014: $1,725,2772014Assets 2015: $1,697,988Liabilities 2015: $33,408Net Assets 2015: $1,664,5802015Assets 2017: $1,584,888Liabilities 2017: $35,649Net Assets 2017: $1,549,2392017Assets 2020: $1,406,411Liabilities 2020: $32,228Net Assets 2020: $1,374,1832020Assets 2022: $1,315,397Liabilities 2022: $47,573Net Assets 2022: $1,267,8242022Assets 2024: $1,184,687Liabilities 2024: $41,631Net Assets 2024: $1,143,0562024

Highlighted filing

2024

Assets$1,184,687
Liabilities$41,631
Net Assets$1,143,056

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2012: $387,1182012Expenses 2013: $372,6692013Revenue 2014: $313,690Expenses 2014: $365,037Net Income 2014: -$51,3472014Revenue 2015: $318,158Expenses 2015: $378,855Net Income 2015: -$60,6972015Revenue 2017: $339,604Expenses 2017: $394,351Net Income 2017: -$54,7472017Revenue 2020: $383,300Expenses 2020: $460,177Net Income 2020: -$76,8772020Revenue 2022: $404,365Expenses 2022: $461,796Net Income 2022: -$57,4312022Revenue 2024: $441,921Expenses 2024: $492,825Net Income 2024: -$50,9042024

Highlighted filing

2024

Revenue$441,921
Expenses$492,825
Net Income-$50,904

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
May 20, 2025
Return Version
2023v6.0
Gross Receipts
$441,921
Mission and Program Overview

Mission

To own and operate a rental housing property for low-income elderly and sel sufficient handicapped under section 202 of the National Housing Act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,003,210$930,566▼ $72,644
Savings and Temporary Cash Investments$182,102$207,999▲ $25,897
Accounts Receivable$3,444$10,415▲ $6,971
Prepaid Expenses and Deferred Charges$9,937--
Cash and Non-Interest-Bearing Accounts$25,218$7,935▼ $17,283
Total Assets$1,251,491$1,184,687▼ $66,804
Other Assets Total$27,580$27,772▲ $192
Liabilities
Accounts Payable and Accrued Expenses$43,924$28,338▼ $15,586
Other Liabilities$13,607$13,293▼ $314
Total Liabilities$57,531$41,631▼ $15,900
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,193,960$1,143,056▼ $50,904
Total Net Assets Fund Balance$1,193,960$1,143,056▼ $50,904
Total Liabilities and Net Assets / Fund Balance$1,251,491$1,184,687▼ $66,804

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$666,044$1,663,049$2,329,093
Land$225,427-$225,427
Other Land Buildings$39,095$50,543$89,638
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gerald EickhoffPresident
Joseph F GlennVice President
Earleen S AbernathyDirector
Kim DelaceyDirector
Larry Gay ReaganDirector
Robert L ReinhartDirector
Elizabeth C GlennSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$439,979
Investment Income
$33
Other Revenue
$1,909
Change in Net Assets
$-50,904

Audited Revenue Reconciliation

Revenue per Audited Statements
$441,921
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$441,921
Total Revenue per Form 990
$441,921
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$339,500
Salaries, Compensation, and Employee Benefits$153,325
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$117,129--$117,129
Depreciation Depletion$72,459--$72,459
Occupancy$64,658--$64,658
Insurance$52,718--$52,718
Fees for Services Management-$50,322-$50,322
Other Employee Benefits$27,901--$27,901
Fees for Services Accounting-$11,970-$11,970
Payroll Taxes$8,295--$8,295
Other Expenses$522$5,773-$522
Total Functional Expenses$424,760$68,065$0$492,825

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$492,825
Total Expenses per Audited Statements$492,825
Total Expenses per Form 990$492,825
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
Tenant Deposits Held in Trust$13,293
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 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
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 2

Joseph F. Glenn the Vice President and Elizabeth C. Glenn the Secretary/Treasurer have a family relationship.

Form 990, Part VI, Section A, line 3

The organization has engaged a property management company to oversee the day-to-day operations of the apartment complex owned by the organization. The management company is experienced in the operation of low-income rental housing under HUD's section 202 program. Employees at the apartment complex are employees of the management company. The management contract has been approved by HUD.

Form 990, Part VI, Section B, line 11B

An officer of the board and the president of the management company review and approve the form 990 prior to its filing.

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

Officers and directors are reminded of this policy at each board meeting and are asked to disclose any potential conflicts of interest for discussion by the board.

Form 990, Part VI, Section B, line 15

The organization has no paid employees or officers. Directors and officers serve in a volunteer capacity and are not compensated for their service.

Form 990, Part VI, Section C, line 19

The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Lexington Elderly Housing Inc
EIN
31-1526063
Phone
6783302000
Address
3237 Satellite Blvd 310, Duluth, GA 30096

Signing Officer

Name
Earleen Abernathy
Title
VP/Assistant Secretary
Phone
6783302000
Signed
2025-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerald E Eickhoff
Formed
1996
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Aprio Advisory Group LLC
Address
2002 Summit Boulevard Suite 120, Atlanta, GA 30319
Preparer
Stacy Cullen
Phone
4048929651
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

An officer of the board and the president of the management company review and approve the audited financial statements.

Financial Statement Notes

Part X, Line 2:

There are no uncertain tax positions under FIN 48 (ASC 740-10) disclosed in the audited financial statements and footnotes.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0404333
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0387915
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0383300
IRS990ScheduleA/Total509Grp/TotalAmt02034335
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0441921
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0418836
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0404365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0387945
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0383347
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02036414
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0666044
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01663049
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02329093
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0492825
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0225427
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0225427
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt039095
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt050543
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt089638
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013293
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Deposits Held in Trust
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0441921
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0There are no uncertain tax positions under FIN 48 (ASC 740-10) disclosed in the audited financial statements and footnotes.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0930566
IRS990ScheduleD/TotalExpensesPerForm990Amt0492825
IRS990ScheduleD/TotalLiabilityAmt013293
IRS990ScheduleD/TotalRevenuePerForm990Amt0441921
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0441921
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0492825
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Joseph F. Glenn the Vice President and Elizabeth C. Glenn the Secretary/Treasurer have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has engaged a property management company to oversee the day-to-day operations of the apartment complex owned by the organization. The management company is experienced in the operation of low-income rental housing under HUD's section 202 program. Employees at the apartment complex are employees of the management company. The management contract has been approved by HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2An officer of the board and the president of the management company review and approve the form 990 prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Officers and directors are reminded of this policy at each board meeting and are asked to disclose any potential conflicts of interest for discussion by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization has no paid employees or officers. Directors and officers serve in a volunteer capacity and are not compensated for their service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6An officer of the board and the president of the management company review and approve the audited financial statements.
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 B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd200
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd220
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd230
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd240
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd260
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd270
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd280
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd290
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd310
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd320
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd360
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd370
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd380
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd390
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd400
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd410
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd420
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd430
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd440
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd450
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Agape Housing Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Ala Elderly Housing Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Arlington Senior Housing Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3Broadway Apartment Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4Broadway Terrace Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5Broadway Towers Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6BT of Ark Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7CA Elderly Housing Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8Castlewood II Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9Castlewood Terrace Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10Christian Senior Housing Foundation Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11Christian Towers Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12Christian Towers Inc of Alabama
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13Contemporary Housing for the Aged Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt14CSHF of Georgia Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt15Darlington Elderly Housing Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt16Daytona Beach Elderly Housing Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt17Florida Elderly Housing Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt18Forest Park Elderly Housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt19GA Elderly Housing Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt20Garnett Senior Housing Foundation Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt21Greenville Elderly Housing Inc

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