Civic Intelligence

Pyramid Residential Community Development Corp

990 • Fiscal year 2015 • EIN 31-1619755

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization ProfileN/A
12401 South Post OakHouston, TX 77045

(713) 783-0211

Siviq Scores

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

Liabilities / Assets

75th percentile

0.42x

Higher debt load relative to assets than 75% of similar nonprofits.

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

Liabilities / Revenue

92nd percentile

3.09x

Higher debt load relative to revenue than 92% of similar nonprofits.

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

Net Margin

4th percentile

-70%

Higher net margin than 4% of similar nonprofits.

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

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.

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

Asset Growth

48th percentile

0.1%

Faster asset growth than 48% of similar nonprofits.

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

Revenue Growth

40th percentile

0.0%

Faster revenue growth than 40% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$1,859,429

Up $2,233 (+0.1%) from 2014

Net Assets

Down

$1,076,036

Down $178,575 (-14%) from 2014

Liabilities

Up

$783,393

Up $180,808 (+30%) from 2014

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin4th percentile

Revenue

Flat

$253,896

Flat from 2014

Expenses

Down

$432,471

Down $7,356 (-1.7%) from 2014

Net Income

Up

-$178,575

Up $7,356 (+4.0%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $4,580,038Liabilities 2010: $2,508,743Net Assets 2010: $2,071,2952010Assets 2011: $3,675,045Liabilities 2011: $2,082,782Net Assets 2011: $1,592,2632011Assets 2012: $3,158,701Liabilities 2012: $1,624,605Net Assets 2012: $1,534,0962012Assets 2013: $2,572,607Liabilities 2013: $1,132,065Net Assets 2013: $1,440,5422013Assets 2014: $1,857,196Liabilities 2014: $602,585Net Assets 2014: $1,254,6112014Assets 2015: $1,859,429Liabilities 2015: $783,393Net Assets 2015: $1,076,0362015Assets 2016: $238,448Liabilities 2016: $533,394Net Assets 2016: -$294,9462016

Highlighted filing

2015

Assets$1,859,429
Liabilities$783,393
Net Assets$1,076,036
Open 2015 Filing

Operations Trend

Revenue Growth40th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $183,8472010Expenses 2011: $732,9282011Expenses 2012: $312,0632012Revenue 2013: $253,896Expenses 2013: $347,450Net Income 2013: -$93,5542013Revenue 2014: $253,896Expenses 2014: $439,827Net Income 2014: -$185,9312014Revenue 2015: $253,896Expenses 2015: $432,471Net Income 2015: -$178,5752015Revenue 2016: $174,748Expenses 2016: $1,545,730Net Income 2016: -$1,370,9822016

Highlighted filing

2015

Revenue$253,896
Expenses$432,471
Net Income-$178,575
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$253,896
Mission and Program Overview

Mission

To build affordable housing for persons of low and moderate income and elderly persons in the houston metropolitan area; by providing credit counseling to potential homebuyers; by educating future homeowners as to the benefits and responsibilities of successful home ownership; and by providing financial assistance to be used in futherance of the exempt purposes of the pcdc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,700,729$1,137,138▼ $563,591
Cash and Non-Interest-Bearing Accounts$156,467$722,291▲ $565,824
Total Assets$1,857,196$1,859,429▲ $2,233
Liabilities
Mortgage Notes Payable Secured by Investment Property$602,335$783,143▲ $180,808
Accounts Payable and Accrued Expenses$250$250→ $0
Total Liabilities$602,585$783,393▲ $180,808
Net Assets / Fund Balance
Unrestricted Net Assets$1,248,394$1,069,819▼ $178,575
Temporarily Rstr Net Assets$6,217$6,217→ $0
Total Net Assets Fund Balance$1,254,611$1,076,036▼ $178,575
Total Liabilities and Net Assets / Fund Balance$1,857,196$1,859,429▲ $2,233
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Genora BoykinsChairperson
J Otis MitchellDirector
Deborah AndersonEx Director
Lee HallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$253,896
Other Revenue
$0
Change in Net Assets
$-178,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$432,471
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$14,268$291-$14,559
Fees for Services Accounting$5,247$583-$5,830
Other Expenses$269$32,720-$269
Total Functional Expenses$398,877$33,594$0$432,471
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Our cpa prepares the form 990 for the board of directors review. Once the board approves the form 990 our cpa files the return electronically.”

Form 990, Page 6, Part VI, Line 15A

“MARKET VALUE”

Form 990, Page 6, Part VI, Line 15B

“MARKET VALUE”

Form 990, Page 6, Part VI, Line 19

“The form 990 is mailed, faxed or emailed if a copy is requested.”

Filing and Contact Details

Filer

Filer Name
Pyramid Residential Community
EIN
31-1619755
Phone
7137830211
Address
12401 SOUTH POST OAK, HOUSTON, TX 77045
Doing Business As
Pyramid Residential Community Corp

Signing Officer

Name
Genora Boykins
Title
Chairperson
Phone
7137236837
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Genora Boykins
Formed
1997
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
J Otis Mitchell Co Pc
Address
10777 WESTHEIMER RD STE 1100, HOUSTON, TX 77042
Preparer
J Otis Mitchell
Phone
7137830211
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To build affordable housing for persons of low and moderate income and elderly persons in the houston metropolitan area; by providing credit counseling to potential homebuyers; by educating future homeowners as to the benefits and responsibilities of successful home ownership; and by providing financial assistance to be used in futherance of the exempt purposes of the pcdc.”

Form 990, Page 2, Part III, Line 4A

“Prcc sold 9 additional lots in phase i section ii, for a total of 128 lots. Prcc also sold 187 lots in phase ii section ii to three selected homebuilders to construct the homes in corinthian pointe. A total of 462 lots have been sold for homes in corinthian pointe as of december 2007. Prcc facilitated a mentorship program between the major homebuilder in corinthian pointe and the two smaller builders. Prcc facilitated the donation of ten acres of land to houston independent school district for an elementary school. The school opened fall 2005.”

Form 990, Part XI, Line 9

“Fund balance adjustment 0”

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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/ExplanationTxt1PRCC SOLD 9 ADDITIONAL LOTS IN PHASE I SECTION II, FOR A TOTAL OF 128 LOTS. PRCC ALSO SOLD 187 LOTS IN PHASE II SECTION II TO THREE SELECTED HOMEBUILDERS TO CONSTRUCT THE HOMES IN CORINTHIAN POINTE. A TOTAL OF 462 LOTS HAVE BEEN SOLD FOR HOMES IN CORINTHIAN POINTE AS OF DECEMBER 2007. PRCC FACILITATED A MENTORSHIP PROGRAM BETWEEN THE MAJOR HOMEBUILDER IN CORINTHIAN POINTE AND THE TWO SMALLER BUILDERS. PRCC FACILITATED THE DONATION OF TEN ACRES OF LAND TO HOUSTON INDEPENDENT SCHOOL DISTRICT FOR AN ELEMENTARY SCHOOL. THE SCHOOL OPENED FALL 2005.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OUR CPA PREPARES THE FORM 990 FOR THE BOARD OF DIRECTORS REVIEW. ONCE THE BOARD APPROVES THE FORM 990 OUR CPA FILES THE RETURN ELECTRONICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MARKET VALUE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MARKET VALUE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS MAILED, FAXED OR EMAILED IF A COPY IS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FUND BALANCE ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990/USAddress/ZIPCd077085
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReasonableCauseExplanation/ExplanationTxt0OUR ACCOUNTANT FAILED TO FILE THE SECOND EXTENSION OF TIME DUE TO A KEY EMPLOYEE CHANGE IN THEIR OFFICE. THEY HAVE IMPLEMENTED A SYSTEM THAT IS NOT DEPENDENT ON ANY ONE EMPLOYEE. ALL EXTENSIONS AND RETURNS WILL BE FILLED TIMELY IN THE FUTURE. PLEASE ABATE ALL PENALTIES AND THE RELATED INTEREST.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GENORA BOYKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum07137236837
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PYRAMID RESIDENTIAL COMMUNITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0PYRA
ReturnHeader/Filer/EIN0311619755
ReturnHeader/Filer/PhoneNum07137830211
ReturnHeader/Filer/USAddress/AddressLine1Txt012401 SOUTH POST OAK
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077045
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760143330
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0J OTIS MITCHELL CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010777 WESTHEIMER RD STE 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077042
ReturnHeader/PreparerPersonGrp/PhoneNum07137830211
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J OTIS MITCHELL
ReturnHeader/ReturnTs02016-11-15T22:11:52-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,859,429
Liabilities
$783,393
Net assets
$1,076,036
Revenue
$253,896
Expenses
$432,471
Net income
-$178,575
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.53$0.29$0.17$1.55$1.37
2015Detailed filing. Detailed filing data is available for this year.$1.86$0.78$1.08$0.25$0.43$0.18
2014Detailed filing. Detailed filing data is available for this year.$1.86$0.60$1.25$0.25$0.44$0.19
2013Detailed filing. Detailed filing data is available for this year.$2.57$1.13$1.44$0.25$0.35$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.16$1.62$1.53$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$2.08$1.59$0.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.58$2.51$2.07$0.18
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits