Civic Intelligence

First Richland-Morrow Housing Inc. III

990 • Fiscal year 2016 • EIN 34-1615696

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 23, 2017

1601 Bethel Road Rm/Ste Ste AColumbus, OH 43220

(614) 451-9000

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.04x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

2.17x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

34th percentile

-2.4%

Higher net margin than 34% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

56th percentile

3.9%

Faster asset growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

45th percentile

0.7%

Faster revenue growth than 45% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$677,750

Up $25,391 (+3.9%) from 2015

Net Assets

Down

-$25,347

Down $7,920 (-45%) from 2015

Liabilities

Up

$703,097

Up $33,311 (+5.0%) from 2015

Revenue

Up

$323,944

Up $2,380 (+0.7%) from 2015

Expenses

Up

$331,864

Up $80,520 (+32%) from 2015

Net Income

Down

-$7,920

Down $78,140 (-111%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $452,042Liabilities 2010: $790,968Net Assets 2010: -$338,9262010Assets 2011: $487,676Liabilities 2011: $753,706Net Assets 2011: -$266,0302011Assets 2012: $507,771Liabilities 2012: $714,941Net Assets 2012: -$207,1702012Assets 2013: $554,669Liabilities 2013: $706,943Net Assets 2013: -$152,2742013Assets 2014: $620,408Liabilities 2014: $708,055Net Assets 2014: -$87,6472014Assets 2015: $652,359Liabilities 2015: $669,786Net Assets 2015: -$17,4272015Assets 2016: $677,750Liabilities 2016: $703,097Net Assets 2016: -$25,3472016Assets 2017: $627,688Liabilities 2017: $671,369Net Assets 2017: -$43,6812017Assets 2018: $576,104Liabilities 2018: $626,766Net Assets 2018: -$50,6622018Assets 2019: $525,803Liabilities 2019: $606,218Net Assets 2019: -$80,4152019Assets 2020: $476,981Liabilities 2020: $565,858Net Assets 2020: -$88,8772020Assets 2021: $420,521Liabilities 2021: $552,634Net Assets 2021: -$132,1132021Assets 2022: $351,124Liabilities 2022: $508,748Net Assets 2022: -$157,6242022Assets 2023: $318,902Liabilities 2023: $477,688Net Assets 2023: -$158,7862023Assets 2024: $327,683Liabilities 2024: $436,654Net Assets 2024: -$108,9712024

Highlighted filing

2016

Assets$677,750
Liabilities$703,097
Net Assets-$25,347

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $184,164Expenses 2010: $213,292Net Income 2010: -$29,1282010Expenses 2011: $230,4932011Expenses 2012: $254,5612012Revenue 2013: $311,699Expenses 2013: $256,803Net Income 2013: $54,8962013Revenue 2014: $298,605Expenses 2014: $233,978Net Income 2014: $64,6272014Revenue 2015: $321,564Expenses 2015: $251,344Net Income 2015: $70,2202015Revenue 2016: $323,944Expenses 2016: $331,864Net Income 2016: -$7,9202016Revenue 2017: $302,415Expenses 2017: $320,749Net Income 2017: -$18,3342017Revenue 2018: $283,105Expenses 2018: $290,086Net Income 2018: -$6,9812018Revenue 2019: $289,386Expenses 2019: $319,139Net Income 2019: -$29,7532019Revenue 2020: $287,920Expenses 2020: $296,382Net Income 2020: -$8,4622020Revenue 2021: $297,207Expenses 2021: $340,443Net Income 2021: -$43,2362021Revenue 2022: $305,462Expenses 2022: $330,973Net Income 2022: -$25,5112022Revenue 2023: $307,925Expenses 2023: $309,087Net Income 2023: -$1,1622023Revenue 2024: $328,983Expenses 2024: $279,168Net Income 2024: $49,8152024

Highlighted filing

2016

Revenue$323,944
Expenses$331,864
Net Income-$7,920
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 23, 2017
Return Version
2016v3.0
Gross Receipts
$323,944
Mission and Program Overview

Mission

LOW-INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$373,082$413,027▲ $39,945
Cash and Non-Interest-Bearing Accounts$36,668$48,195▲ $11,527
Prepaid Expenses and Deferred Charges$1,405$971▼ $434
Accounts Receivable$3,849$927▼ $2,922
Total Assets$652,359$677,750▲ $25,391
Other Assets Total$237,355$214,630▼ $22,725
Liabilities
Mortgage Notes Payable Secured by Investment Property$635,022$616,882▼ $18,140
Accounts Payable and Accrued Expenses$26,026$77,370▲ $51,344
Other Liabilities$5,884$6,566▲ $682
Deferred Revenue$2,854$2,279▼ $575
Total Liabilities$669,786$703,097▲ $33,311
Net Assets / Fund Balance
Unrestricted Net Assets$-17,427$-25,347▼ $7,920
Total Net Assets Fund Balance$-17,427$-25,347▼ $7,920
Total Liabilities and Net Assets / Fund Balance$652,359$677,750▲ $25,391

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$287,989$555,890$843,879
Leasehold Improvements$72,746$1,091$73,837
Equipment$4,280$44,016$48,296
Other Land Buildings$22,179$15,756$37,935
Land$25,833-$25,833
Other Assets Org$6,251--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$244,353
Program Service Revenue
$77,110
Investment Income
$206
Other Revenue
$2,275
Change in Net Assets
$-7,920

Audited Revenue Reconciliation

Revenue per Audited Statements
$323,944
Total Revenue per Audited Statements
$323,944
Total Revenue per Form 990
$323,944
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$302,551
Salaries, Compensation, and Employee Benefits$29,313
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$68,475--$68,475
Interest$52,371--$52,371
Depreciation Depletion$34,481--$34,481
Other Salaries and Wages$13,188$10,726-$23,914
Fees for Services Management-$14,700-$14,700
All Other Expenses$4,261$4,261-$8,522
Fees for Services Accounting-$7,855-$7,855
Other Expenses$4,856$6,704-$4,856
Other Employee Benefits$3,572--$3,572
Payroll Taxes$1,827--$1,827
Insurance$602--$602
Total Functional Expenses$287,618$44,246$0$331,864

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$331,864
Total Expenses per Audited Statements$331,864
Total Expenses per Form 990$331,864
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
Security Deposits$6,566
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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

The 990 return is reviewed by the corporate controller of the barcus company, the management agent, before the return is filed. Upon approval of the return, it is filed with the taxing authority.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
First Richland-morrow Housing
EIN
34-1615696
Phone
6144519000
Address
1601 BETHEL ROAD RM/STE STE A, COLUMBUS, OH 43220
Doing Business As
Cardington Manor

Signing Officer

Name
Talbert Jones
Title
Executive Director
Phone
6144519000
Signed
2017-03-23

Organization Details

Principal Officer
Talbert Jones
Formed
1989
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Stemen Mertens Stickler Cpas
Address
370 S 5TH ST STE 1, COLUMBUS, OH 43215-5433
Preparer
Bryan P Stickler CPA
Phone
6142240955
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0190
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0161
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0134
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt047
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0375705
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01692
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02787
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03569
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IRS990ScheduleD/EquipmentGrp/BookValueAmt04280
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044016
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt048296
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01091
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt27828
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt36251
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022179
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015756
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt037935
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0214630
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IRS990ScheduleD/TotalLiabilityAmt06566
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 RETURN IS REVIEWED BY THE CORPORATE CONTROLLER OF THE BARCUS COMPANY, THE MANAGEMENT AGENT, BEFORE THE RETURN IS FILED. UPON APPROVAL OF THE RETURN, IT IS FILED WITH THE TAXING AUTHORITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0287618
IRS990/TotalFunctionalExpensesGrp/TotalAmt0331864
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0669786
IRS990/TotalLiabilitiesEOYAmt0703097
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IRS990/TotalProgramServiceExpensesAmt0287618
IRS990/TotalProgramServiceRevenueAmt077110
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt079591
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0323944
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0652359
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0677750
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-17427
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-25347
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0COLUMBUS
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043220
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IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TALBERT JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06144519000
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST RICHLAND-MORROW HOUSING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC III
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0341615696
ReturnHeader/Filer/PhoneNum06144519000
ReturnHeader/Filer/USAddress/AddressLine1Txt01601 BETHEL ROAD RM/STE STE A
ReturnHeader/Filer/USAddress/CityNm0COLUMBUS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd043220
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STEMEN MERTENS STICKLER CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0370 S 5TH ST STE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.28$4.37$1.09$3.29$2.79$0.50
2023Detailed filing. Detailed filing data is available for this year.$3.19$4.78$1.59$3.08$3.09$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.51$5.09$1.58$3.05$3.31$0.26
2021Detailed filing. Detailed filing data is available for this year.$4.21$5.53$1.32$2.97$3.40$0.43
2020Detailed filing. Detailed filing data is available for this year.$4.77$5.66$0.89$2.88$2.96$0.08
2019Detailed filing. Detailed filing data is available for this year.$5.26$6.06$0.80$2.89$3.19$0.30
2018Detailed filing. Detailed filing data is available for this year.$5.76$6.27$0.51$2.83$2.90$0.07
2017Detailed filing. Detailed filing data is available for this year.$6.28$6.71$0.44$3.02$3.21$0.18
2016Detailed filing. Detailed filing data is available for this year.$6.78$7.03$0.25$3.24$3.32$0.08
2015Detailed filing. Detailed filing data is available for this year.$6.52$6.70$0.17$3.22$2.51$0.70
2014Detailed filing. Detailed filing data is available for this year.$6.20$7.08$0.88$2.99$2.34$0.65
2013Detailed filing. Detailed filing data is available for this year.$5.55$7.07$1.52$3.12$2.57$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.08$7.15$2.07$2.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.88$7.54$2.66$2.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.52$7.91$3.39$1.84$2.13$0.29