Civic Intelligence

Franklin County Housing Advisory Corporation Inc.

990 • Fiscal year 2013 • EIN 35-1363491

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 05, 2014

1301 Fairfield Avenue PO BOX 5147012

(765) 647-3713

Siviq Scores

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

Liabilities / Assets

97th percentile

1.58x

Higher debt load relative to assets than 97% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

95th percentile

5.23x

Higher debt load relative to revenue than 95% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

17th percentile

-14%

Higher net margin than 17% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

18th percentile

-5.9%

Faster asset growth than 18% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Assets

Down

$1,061,256

Down $66,869 (-5.9%) from 2012

Net Assets

Down

-$614,838

Down $45,292 (-8.0%) from 2012

Liabilities

Down

$1,676,094

Down $21,577 (-1.3%) from 2012

Revenue

$320,476

No earlier filing loaded for comparison.

Expenses

Up

$365,768

Up $28,625 (+8.5%) from 2012

Net Income

-$45,292

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.

$2.0M$1.0M$0-$1.0MAssets 2010: $1,322,669Liabilities 2010: $1,735,662Net Assets 2010: -$412,9932010Assets 2011: $1,211,271Liabilities 2011: $1,726,625Net Assets 2011: -$515,3542011Assets 2012: $1,128,125Liabilities 2012: $1,697,671Net Assets 2012: -$569,5462012Assets 2013: $1,061,256Liabilities 2013: $1,676,094Net Assets 2013: -$614,8382013Assets 2014: $1,013,383Liabilities 2014: $1,640,099Net Assets 2014: -$626,7162014Assets 2015: $1,013,830Liabilities 2015: $1,612,708Net Assets 2015: -$598,8782015Assets 2016: $986,958Liabilities 2016: $1,575,005Net Assets 2016: -$588,0472016Assets 2017: $940,487Liabilities 2017: $1,544,220Net Assets 2017: -$603,7332017Assets 2018: $919,020Liabilities 2018: $1,496,650Net Assets 2018: -$577,6302018Assets 2019: $892,241Liabilities 2019: $1,447,960Net Assets 2019: -$555,7192019Assets 2020: $869,489Liabilities 2020: $1,392,390Net Assets 2020: -$522,9012020Assets 2021: $855,947Liabilities 2021: $1,337,962Net Assets 2021: -$482,0152021Assets 2022: $818,609Liabilities 2022: $1,270,898Net Assets 2022: -$452,2892022Assets 2023: $736,691Liabilities 2023: $1,206,791Net Assets 2023: -$470,1002023Assets 2024: $686,684Liabilities 2024: $1,111,004Net Assets 2024: -$424,3202024

Highlighted filing

2013

Assets$1,061,256
Liabilities$1,676,094
Net Assets-$614,838

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $408,1112010Expenses 2011: $395,6772011Expenses 2012: $337,1432012Revenue 2013: $320,476Expenses 2013: $365,768Net Income 2013: -$45,2922013Revenue 2014: $345,614Expenses 2014: $357,492Net Income 2014: -$11,8782014Revenue 2015: $374,827Expenses 2015: $346,989Net Income 2015: $27,8382015Revenue 2016: $380,768Expenses 2016: $369,937Net Income 2016: $10,8312016Revenue 2017: $375,439Expenses 2017: $391,125Net Income 2017: -$15,6862017Revenue 2018: $397,641Expenses 2018: $371,538Net Income 2018: $26,1032018Revenue 2019: $404,107Expenses 2019: $386,694Net Income 2019: $17,4132019Revenue 2020: $413,357Expenses 2020: $380,539Net Income 2020: $32,8182020Revenue 2021: $426,108Expenses 2021: $385,222Net Income 2021: $40,8862021Revenue 2022: $438,593Expenses 2022: $408,867Net Income 2022: $29,7262022Revenue 2023: $430,229Expenses 2023: $400,910Net Income 2023: $29,3192023Revenue 2024: $439,913Expenses 2024: $394,133Net Income 2024: $45,7802024

Highlighted filing

2013

Revenue$320,476
Expenses$365,768
Net Income-$45,292
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 5, 2014
Return Version
2013v3.1
Gross Receipts
$320,476
Mission and Program Overview

Mission

Affordable housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$956,044$900,343▼ $55,701
Cash and Non-Interest-Bearing Accounts$27,711$18,679▼ $9,032
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,128,125$1,061,256▼ $66,869
Other Assets Total$144,370$142,234▼ $2,136
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,655,814$1,628,926▼ $26,888
Other Liabilities$26,681$26,173▼ $508
Accounts Payable and Accrued Expenses$15,176$20,995▲ $5,819
Total Liabilities$1,697,671$1,676,094▼ $21,577
Net Assets / Fund Balance
Unrestricted Net Assets$-569,546$-614,838▼ $45,292
Total Net Assets Fund Balance$-569,546$-614,838▼ $45,292
Total Liabilities and Net Assets / Fund Balance$1,128,125$1,061,256▼ $66,869

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$773,740$1,978,914$2,752,654
Land$126,603-$126,603
Other Assets Org$26,186--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Don JobePresident
William ZimmerVice President
Charles RatzDirector
Jim DuellDirector
Nancy MosterDirector
Vernon MeyersDirector
Margaret FainSecretary
John SchuckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$52,201
Program Service Revenue
$251,978
Investment Income
$8,067
Other Revenue
$8,230
Change in Net Assets
$-45,292

Audited Revenue Reconciliation

Revenue per Audited Statements
$320,476
Total Revenue per Audited Statements
$320,476
Total Revenue per Form 990
$320,476
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$303,696
Salaries, Compensation, and Employee Benefits$62,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$123,028--$123,028
Depreciation Depletion$60,276--$60,276
Other Salaries and Wages$57,583--$57,583
Interest$33,664--$33,664
Other Expenses$32,321--$32,321
Office Expenses$30,082--$30,082
Insurance$15,916--$15,916
Payroll Taxes$4,489--$4,489
Fees for Services Accounting$3,750--$3,750
Advertising$2,918--$2,918
Fees for Services Legal$1,741--$1,741
Total Functional Expenses$365,768$0$0$365,768

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$365,768
Total Expenses per Audited Statements$365,768
Total Expenses per Form 990$365,768
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$26,173
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 was presented to, reviewed and approved by the board of directors prior to its timely filing with the internal revenue service.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All governing documents, policies and financial statements are made available upon reasonable request.

Filing and Contact Details

Filer

EIN
35-1363491
Phone
7656473713

Signing Officer

Name
Don Jobe
Title
President
Signed
2014-06-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Jobe
Formed
1976
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Preparer
Xiaolin Shi CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Upon adoption of Accounting for Uncertainty in Income Taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded.

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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt040535
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05924
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0273280
IRS990/PYOtherRevenueAmt07910
IRS990/PYProgramServiceRevenueAmt0228582
IRS990/PYRevenuesLessExpensesAmt0-54192
IRS990/PYSalariesCompEmpBnftPaidAmt063863
IRS990/PYTotalExpensesAmt0337143
IRS990/PYTotalRevenueAmt0282951
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-45292
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0251978
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt052201
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt040535
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt066238
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt048945
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0207919
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08067
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05924
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt08363
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09294
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt012845
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt044493
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0260208
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0236492
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0218715
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0237033
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0252037
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01204485
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08067
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05924
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt08363
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09294
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt012845
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt044493
IRS990ScheduleA/InvestmentIncomeCYPct00.03050
IRS990ScheduleA/InvestmentIncomePYPct00.03270
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96950
IRS990ScheduleA/PublicSupportPY509Pct00.96730
IRS990ScheduleA/PublicSupportTotal509Amt01412404
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0312409
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0277027
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0284953
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0285978
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0252037
IRS990ScheduleA/Total509Grp/TotalAmt01412404
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0320476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0282951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0293316
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0295272
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0264882
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01456897
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0773740
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01978914
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02752654
IRS990ScheduleD/ExpensesSubtotalAmt0365768
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0126603
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0126603
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0116048
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt126186
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026173
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0320476
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Upon adoption of Accounting for Uncertainty in Income Taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0900343
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0142234
IRS990ScheduleD/TotalExpensesPerForm990Amt0365768
IRS990ScheduleD/TotalLiabilityAmt026173
IRS990ScheduleD/TotalRevenuePerForm990Amt0320476
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0320476
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0365768
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS PRESENTED TO, REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO ITS TIMELY FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REASONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01128125
IRS990/TotalAssetsEOYAmt01061256
IRS990/TotalAssetsGrp/BOYAmt01128125
IRS990/TotalAssetsGrp/EOYAmt01061256
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt052201
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0365768

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.69$1.11$0.42$0.44$0.39$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.74$1.21$0.47$0.43$0.40$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.82$1.27$0.45$0.44$0.41$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.86$1.34$0.48$0.43$0.39$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.87$1.39$0.52$0.41$0.38$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.89$1.45$0.56$0.40$0.39$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.92$1.50$0.58$0.40$0.37$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.94$1.54$0.60$0.38$0.39$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.99$1.58$0.59$0.38$0.37$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.01$1.61$0.60$0.37$0.35$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.01$1.64$0.63$0.35$0.36$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.06$1.68$0.61$0.32$0.37$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$1.70$0.57$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$1.73$0.52$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$1.74$0.41$0.41