Civic Intelligence

Mcauley Manor Inc C/O Mercy Housing Inc

990 • Fiscal year 2015 • EIN 31-1548500

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 01, 2016

1999 BROADWAY suite 1000Denver, CO 80202

(303) 830-3300

Siviq Scores

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

Liabilities / Assets

36th percentile

0.04x

Higher debt load relative to assets than 36% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

59th percentile

0.17x

Higher debt load relative to revenue than 59% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

23rd percentile

-8.2%

Higher net margin than 23% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

94th percentile

$291,542

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 114.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

31st percentile

-3.1%

Faster asset growth than 31% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

82nd percentile

30%

Faster revenue growth than 82% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,223,892

Down $38,664 (-3.1%) from 2014

Net Assets

Down

$1,180,498

Down $20,763 (-1.7%) from 2014

Liabilities

Down

$43,394

Down $17,901 (-29%) from 2014

Revenue

Up

$254,598

Up $58,656 (+30%) from 2014

Expenses

Up

$275,361

Up $35,255 (+15%) from 2014

Net Income

Up

-$20,763

Up $23,401 (+53%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,384,210Liabilities 2010: $42,358Net Assets 2010: $1,341,8522010Assets 2011: $1,411,788Liabilities 2011: $101,405Net Assets 2011: $1,310,3832011Assets 2012: $1,325,126Liabilities 2012: $52,780Net Assets 2012: $1,272,3462012Assets 2013: $1,271,356Liabilities 2013: $25,931Net Assets 2013: $1,245,4252013Assets 2014: $1,262,556Liabilities 2014: $61,295Net Assets 2014: $1,201,2612014Assets 2015: $1,223,892Liabilities 2015: $43,394Net Assets 2015: $1,180,4982015Assets 2016: $1,204,527Liabilities 2016: $36,829Net Assets 2016: $1,167,6982016Assets 2017: $1,183,391Liabilities 2017: $30,358Net Assets 2017: $1,153,0332017Assets 2018: $1,182,879Liabilities 2018: $29,756Net Assets 2018: $1,153,1232018Assets 2019: $1,161,846Liabilities 2019: $31,669Net Assets 2019: $1,130,1772019Assets 2020: $1,152,950Liabilities 2020: $29,868Net Assets 2020: $1,123,0822020Assets 2021: $1,140,648Liabilities 2021: $42,908Net Assets 2021: $1,097,7402021Assets 2022: $1,167,649Liabilities 2022: $50,032Net Assets 2022: $1,117,6172022Assets 2023: $1,205,070Liabilities 2023: $50,342Net Assets 2023: $1,154,7282023Assets 2024: $1,217,806Liabilities 2024: $52,591Net Assets 2024: $1,165,2152024

Highlighted filing

2015

Assets$1,223,892
Liabilities$43,394
Net Assets$1,180,498

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $197,1192010Expenses 2011: $195,5752011Expenses 2012: $224,5392012Revenue 2013: $201,858Expenses 2013: $228,779Net Income 2013: -$26,9212013Revenue 2014: $195,942Expenses 2014: $240,106Net Income 2014: -$44,1642014Revenue 2015: $254,598Expenses 2015: $275,361Net Income 2015: -$20,7632015Revenue 2016: $241,018Expenses 2016: $253,818Net Income 2016: -$12,8002016Revenue 2017: $254,728Expenses 2017: $269,393Net Income 2017: -$14,6652017Revenue 2018: $265,335Expenses 2018: $265,245Net Income 2018: $902018Revenue 2019: $265,471Expenses 2019: $288,417Net Income 2019: -$22,9462019Revenue 2020: $262,691Expenses 2020: $269,786Net Income 2020: -$7,0952020Revenue 2021: $282,056Expenses 2021: $307,398Net Income 2021: -$25,3422021Revenue 2022: $315,246Expenses 2022: $295,369Net Income 2022: $19,8772022Revenue 2023: $337,937Expenses 2023: $300,826Net Income 2023: $37,1112023Revenue 2024: $348,558Expenses 2024: $338,071Net Income 2024: $10,4872024

Highlighted filing

2015

Revenue$254,598
Expenses$275,361
Net Income-$20,763
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 1, 2016
Return Version
2015v2.1
Gross Receipts
$254,598
Mission and Program Overview

Mission

To own and operate a 32-unit apartment project in paducah, kentucky, providing housing for low-income persons.

To own and operate a 32-unit apartment project in paducah, kentucky, providing housing for low-income persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,189,896$1,148,171▼ $41,725
Prepaid Expenses and Deferred Charges$6,657$5,749▼ $908
Cash and Non-Interest-Bearing Accounts$2,931$3,850▲ $919
Accounts Receivable$0$3,808▲ $3,808
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,262,556$1,223,892▼ $38,664
Other Assets Total$63,072$62,314▼ $758
Liabilities
Accounts Payable and Accrued Expenses$50,889$32,671▼ $18,218
Other Liabilities$7,935$9,518▲ $1,583
Deferred Revenue$2,471$1,205▼ $1,266
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$61,295$43,394▼ $17,901
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,075,399$1,029,799▼ $45,600
Unrestricted Net Assets$125,862$150,699▲ $24,837
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,201,261$1,180,498▼ $20,763
Total Liabilities and Net Assets / Fund Balance$1,262,556$1,223,892▼ $38,664

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,048,171$642,258$1,690,429
Land$100,000-$100,000
Equipment-$38,125$38,215
Other Assets Org$54,068--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bruce SaabVice President$133,119$133,119
bobby artisdirector$127,549$127,549
anyeka wallacedirector$111,985$111,985
Joe RosenblumSecretary$109,491$109,491
shirley harrisdirector$63,839$63,839
terry steidendirector$60,350$60,350
Elaine WilliamsDirector$27,492$27,492

Board Members and Trustees

NameTitle
Francena Marie LowePresident/director
Melissa ClaytonVice President
chris burckhardtdirector
vincent doddstreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$52,000
Program Service Revenue
$202,586
Investment Income
$12
Other Revenue
$0
Change in Net Assets
$-20,763

Audited Revenue Reconciliation

Revenue per Audited Statements
$254,598
Total Revenue per Audited Statements
$254,598
Total Revenue per Form 990
$254,598
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$252,294
Salaries, Compensation, and Employee Benefits$23,067
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$52,935--$52,935
Other Salaries and Wages-$23,067-$23,067
Insurance$22,770--$22,770
Fees for Services Management-$19,892-$19,892
Fees for Services Accounting-$13,221-$13,221
Office Expenses-$9,544-$9,544
Other Expenses$3,365$9,496-$3,365
Conferences and Meetings-$1,761-$1,761
Fees for Services Legal-$1,374-$1,374
Total Functional Expenses$197,006$78,355$0$275,361

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$275,361
Total Expenses per Audited Statements$275,361
Total Expenses per Form 990$275,361
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$9,518
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI Section B #15A & #15B

The process for determining compensation for the President, chairman, officers, and directors is determined by an Employee Benefits committee, which is appointed by the board of directors of Mercy Housing, Inc. To ensure competitiveness and reasonableness, wages are compared to other affordable housing organizations, both for- and not-for-profit, or the local market for positions applicable to a broader competitive market. Mercy Housing, Inc. will comply with all applicable federal and state labor laws and regulations. The process will be administered according to the relevant human resource operational policies and by the human resource department with direction from the senior leadership team. The CEO will make a report to the board of trustees on implementation of the wage and benefit program annually. Periodically the human resources committee within the Mercy Housing, Inc. board of trustees will review executive salaries to ensure competitiveness with external markets and for internal equity in relation to general employee wages and benefits, individual and organizational performance, and the financial resources of the organization.

part VI section C #19

the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

part VI Section B #11

Each member is given the opportunity to review the return before it is filed.

part VI section B #12C

The audit committee of Mercy Housing, Inc. reviews periodically the conflict of interest disclosures and determines whether any action is required.

part VI section A #7A & #7B

The Board of Trustees of Mercy Housing, Inc. has authority over MCAULEY MANOR, INC. in various aspects of operations and management. The reserved rights held by the Mercy Housing Board of Trustees, which may be further delegated to the President and CEO of Mercy Housing, Inc., include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions; establishment of new entities; pledging, mortgaging or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and appointment or removal of governing board members and officers.

part VI section A #6

Mcauley Manor, Inc. is a nonstock, nonprofit corporation with Mercy Housing SouthEast as the sole member.

Filing and Contact Details

Filer

Filer Name
Mcauley Manor Inc
EIN
31-1548500
In Care Of
% STEVE SPEARS
Phone
3038303300
Address
1999 BROADWAY suite 1000, DENVER, CO 80202

Signing Officer

Name
Vince Dodds
Title
treasurer
Phone
3038303300
Signed
2016-09-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
francena marie lowe
Formed
1997
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
0
Employees
0

Preparer

Firm
Cohnreznick Llp
Address
525 N TRYON STREET STE 1000, CHARLOTTE, NC 28202
Preparer
Kathy Blackburn
Phone
7043329100
Supplemental Narrative

Additional Explanations

part XII #2C

Responsibility for selection of an independent accountant and oversight of the annual audit is reserved by the Mercy Housing, Inc. Board of Trustees.

Financial Statement Notes

Fin 48 (asc 740) Part X Question 2

The Corporation has elected tax exempt status under Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended December 31, 2015. Due to its tax exempt status, the Corporation is not subject to income taxes. The Corporation is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the corporation are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2012 remain open.

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IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT
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IRS990/OtherExpensesGrp/Desc1UTILITIES
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IRS990/OtherExpensesGrp/ProgramServicesAmt23365
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/ProgramServiceRevenueGrp/Desc0RENT & SUBSIDIES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15846
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15846
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYOtherExpensesAmt0215464
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0195926
IRS990/PYRevenuesLessExpensesAmt0-44164
IRS990/PYSalariesCompEmpBnftPaidAmt024642
IRS990/PYTotalExpensesAmt0240106
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-20763
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt052000
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0202586
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0202586
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0186393
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0163952
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0950699
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0163952
IRS990ScheduleA/Total509Grp/TotalAmt01002699
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.05$1.17$0.35$0.34$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.21$0.05$1.15$0.34$0.30$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.05$1.12$0.32$0.30$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.14$0.04$1.10$0.28$0.31$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.03$1.12$0.26$0.27$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.16$0.03$1.13$0.27$0.29$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.18$0.03$1.15$0.27$0.27$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.18$0.03$1.15$0.25$0.27$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.20$0.04$1.17$0.24$0.25$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.22$0.04$1.18$0.25$0.28$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.26$0.06$1.20$0.20$0.24$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.27$0.03$1.25$0.20$0.23$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.05$1.27$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.10$1.31$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.04$1.34$0.20