Civic Intelligence

Franklin County Housing Advisory Corporation Inc.

990 • Fiscal year 2018 • EIN 35-1363491

Jan 01, 2018 to Dec 31, 2018 • Filed on May 24, 2019

1301 Fairfield Avenue PO Box 51Brookville, IN 47012

(765) 647-3713

Siviq Scores

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

Liabilities / Assets

97th percentile

1.63x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

3.76x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

58th percentile

6.6%

Higher net margin than 58% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

36th percentile

-2.3%

Faster asset growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

54th percentile

5.9%

Faster revenue growth than 54% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$919,020

Down $21,467 (-2.3%) from 2017

Net Assets

Up

-$577,630

Up $26,103 (+4.3%) from 2017

Liabilities

Down

$1,496,650

Down $47,570 (-3.1%) from 2017

Revenue

Up

$397,641

Up $22,202 (+5.9%) from 2017

Expenses

Down

$371,538

Down $19,587 (-5.0%) from 2017

Net Income

Up

$26,103

Up $41,789 (+266%) from 2017

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

2018

Assets$919,020
Liabilities$1,496,650
Net Assets-$577,630

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

2018

Revenue$397,641
Expenses$371,538
Net Income$26,103
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 24, 2019
Return Version
2018v3.1
Gross Receipts
$397,641
Mission and Program Overview

Mission

Affordable housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$660,526$670,311▲ $9,785
Cash and Non-Interest-Bearing Accounts$69,999$58,518▼ $11,481
Total Assets$940,487$919,020▼ $21,467
Other Assets Total$209,962$190,191▼ $19,771
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,489,790$1,447,159▼ $42,631
Other Liabilities$33,698$33,384▼ $314
Accounts Payable and Accrued Expenses$20,732$16,107▼ $4,625
Total Liabilities$1,544,220$1,496,650▼ $47,570
Net Assets / Fund Balance
Unrestricted Net Assets$-603,733$-577,630▲ $26,103
Total Net Assets Fund Balance$-603,733$-577,630▲ $26,103
Total Liabilities and Net Assets / Fund Balance$940,487$919,020▼ $21,467

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$543,708$2,270,746$2,814,454
Land$126,603-$126,603
Other Assets Org$156,390--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Don JobePresident
Charles RatzVice President
Carroll LanningDirector
Jim DuellDirector
Kenneth HandleyDirector
Nancy MosterDirector
Nancy PflumDirector
Margaret FainSecretary
Vernon MeyersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$52,595
Program Service Revenue
$332,397
Investment Income
$1,882
Other Revenue
$10,767
All Other Contributions
$16,899
Change in Net Assets
$26,103

Audited Revenue Reconciliation

Revenue per Audited Statements
$397,641
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$397,641
Total Revenue per Form 990
$397,641
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$289,811
Salaries, Compensation, and Employee Benefits$81,727
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$109,174--$109,174
Other Salaries and Wages$34,512$42,840-$77,352
Other Expenses$55,388--$55,388
Depreciation Depletion$52,015--$52,015
Office Expenses$25,739$8,291-$34,030
Interest$17,922--$17,922
Insurance$13,595$1,643-$15,238
Fees for Services Accounting-$4,500-$4,500
Payroll Taxes-$4,375-$4,375
Advertising-$1,544-$1,544
Total Functional Expenses$308,345$63,193$0$371,538

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$371,538
Total Expenses per Audited Statements$371,538
Total Expenses per Form 990$371,538
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Tenant Security Deposits$33,384
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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, Section B, Line 11B

Line 11b explanation - 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, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Franklin County Housing Advisory
EIN
35-1363491
Phone
7656473713
Address
1301 FAIRFIELD AVENUE PO BOX 51, BROOKVILLE, IN 47012

Signing Officer

Name
Don Jobe
Title
President
Phone
7656473713
Signed
2019-05-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Jobe
Formed
1976
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Cna Tax Professionals Inc
Address
8606 ALLISONVILLE RD STE 120, INDIANAPOLIS, IN 46250
Preparer
Shawn D Dreiman CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

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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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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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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11B EXPLANATION - THE 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, SECTION B, LINE 11B
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IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
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IRS990/USAddress/CityNm0BROOKVILLE
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IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DON JOBE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07656473713
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-24
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Document Assets

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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