Civic Intelligence

Landmark Ventures Inc.

990 • Fiscal year 2023 • EIN 31-1622521

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 24, 2024

PO Box 1219Gadsden, AL 35902

(256) 547-2501

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.16x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

0.80x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

7th percentile

-51%

Higher net margin than 7% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$3,042,903

No earlier filing loaded for comparison.

Net Assets

$2,562,549

No earlier filing loaded for comparison.

Liabilities

$480,354

No earlier filing loaded for comparison.

Revenue

$597,085

No earlier filing loaded for comparison.

Expenses

$900,232

No earlier filing loaded for comparison.

Net Income

-$303,147

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.

$4.0M$3.0M$2.0M$1.0M$0Assets 2023: $3,042,903Liabilities 2023: $480,354Net Assets 2023: $2,562,5492023Assets 2024: $3,354,122Liabilities 2024: $740,139Net Assets 2024: $2,613,9832024

Highlighted filing

2023

Assets$3,042,903
Liabilities$480,354
Net Assets$2,562,549

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2023: $597,085Expenses 2023: $900,232Net Income 2023: -$303,1472023Revenue 2024: $284,274Expenses 2024: $388,096Net Income 2024: -$103,8222024

Highlighted filing

2023

Revenue$597,085
Expenses$900,232
Net Income-$303,147
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 24, 2024
Return Version
2023v4.0
Gross Receipts
$597,085
Mission and Program Overview

Mission

To provide decent, safe and sanitary housing for elderly and handicapped persons of low-income in the city of gadsden, alabama

To provide decent, safe and sanitary housing for for elderly and handicapped persons of low-income in the city of gadsden, alabama.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,682,072$2,619,782▼ $62,290
Land, Buildings, and Equipment, Net$59,495$259,495▲ $200,000
Prepaid Expenses and Deferred Charges$113,097$162,686▲ $49,589
Accounts Receivable$11,032$940▼ $10,092
Total Assets$2,865,696$3,042,903▲ $177,207
Liabilities
Accounts Payable and Accrued Expenses-$480,354-
Total Liabilities$0$480,354▲ $480,354
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,865,696$2,562,549▼ $303,147
Total Net Assets Fund Balance$2,865,696$2,562,549▼ $303,147
Total Liabilities and Net Assets / Fund Balance$2,865,696$3,042,903▲ $177,207

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$249,791-$249,791
Land$9,704-$9,704
Compensation and Service Providers

Board Members and Trustees

NameTitle
Greg PriceExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$563,030
Program Service Revenue
$0
Investment Income
$34,055
Other Revenue
$0
Change in Net Assets
$-303,147
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$704,389
Salaries, Compensation, and Employee Benefits$195,843
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$547,806--$547,806
Other Salaries and Wages$140,062--$140,062
Other Employee Benefits$55,781--$55,781
Insurance$32,061--$32,061
Office Expenses$16,562--$16,562
Fees for Services Legal$12,225--$12,225
Fees for Services Accounting$8,357--$8,357
Other Expenses$601--$601
Total Functional Expenses$900,232$0$0$900,232
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
No
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
No

Governance Explanations

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Landmark Ventures Inc
EIN
31-1622521
Address
PO BOX 1219, GADSDEN, AL 35902

Signing Officer

Name
Greg Price
Title
Executive Director
Signed
2024-02-24

Organization Details

Principal Officer
Greg Price
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Moody & Company Cpas
Address
PO BOX 698, ODENVILLE, AL 35120-0698
Preparer
James R Moody
Phone
2056401041
Supplemental Narrative

Additional Explanations

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

To provide decent, safe and sanitary housing for for elderly and handicapped persons of the city of gadsden, alabama

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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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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LANDMARK VENTURES INC
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ReturnHeader/ReturnTs02024-03-13T15:10:14-04:00
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