Civic Intelligence

Booth Manor Inc.

990 • Fiscal year 2015 • EIN 35-1894464

Oct 01, 2014 to Sep 30, 2015 • Filed on Mar 10, 2016

3100 North Meridian StreetIndianapolis, IN 46208

(847) 294-2154

Siviq Scores

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

Liabilities / Assets

98th percentile

1.85x

Higher debt load relative to assets than 98% of similar nonprofits.

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

Liabilities / Revenue

97th percentile

8.67x

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

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

Net Margin

10th percentile

-32%

Higher net margin than 10% of similar nonprofits.

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

Top Officer Pay

90th percentile

$200,850

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 48.5% of source-year revenue.

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

Asset Growth

26th percentile

-4.0%

Faster asset growth than 26% of similar nonprofits.

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

Revenue Growth

26th percentile

-7.0%

Faster revenue growth than 26% of similar nonprofits.

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

Assets

Down

$1,937,437

Down $81,702 (-4.0%) from 2014

Net Assets

Down

-$1,651,800

Down $132,812 (-8.7%) from 2014

Liabilities

Up

$3,589,237

Up $51,110 (+1.4%) from 2014

Revenue

Down

$413,889

Down $31,138 (-7.0%) from 2014

Expenses

Up

$546,701

Up $46,973 (+9.4%) from 2014

Net Income

Down

-$132,812

Down $78,111 (-143%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2013: $2,074,552Liabilities 2013: $3,538,839Net Assets 2013: -$1,464,2872013Assets 2014: $2,019,139Liabilities 2014: $3,538,127Net Assets 2014: -$1,518,9882014Assets 2015: $1,937,437Liabilities 2015: $3,589,237Net Assets 2015: -$1,651,8002015Assets 2016: $1,840,952Liabilities 2016: $3,613,560Net Assets 2016: -$1,772,6082016Assets 2017: $1,772,962Liabilities 2017: $3,631,494Net Assets 2017: -$1,858,5322017Assets 2019: $1,584,898Liabilities 2019: $3,728,217Net Assets 2019: -$2,143,3192019Assets 2020: $1,574,106Liabilities 2020: $3,695,034Net Assets 2020: -$2,120,9282020Assets 2021: $1,499,788Liabilities 2021: $3,646,405Net Assets 2021: -$2,146,6172021Assets 2022: $1,408,783Liabilities 2022: $3,633,821Net Assets 2022: -$2,225,0382022Assets 2024: $1,276,872Liabilities 2024: $3,609,671Net Assets 2024: -$2,332,7992024

Highlighted filing

2015

Assets$1,937,437
Liabilities$3,589,237
Net Assets-$1,651,800

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2013: $465,1662013Revenue 2014: $445,027Expenses 2014: $499,728Net Income 2014: -$54,7012014Revenue 2015: $413,889Expenses 2015: $546,701Net Income 2015: -$132,8122015Revenue 2016: $396,731Expenses 2016: $517,539Net Income 2016: -$120,8082016Revenue 2017: $356,760Expenses 2017: $442,684Net Income 2017: -$85,9242017Revenue 2019: $387,240Expenses 2019: $513,088Net Income 2019: -$125,8482019Revenue 2020: $415,188Expenses 2020: $392,797Net Income 2020: $22,3912020Revenue 2021: $427,132Expenses 2021: $452,821Net Income 2021: -$25,6892021Revenue 2022: $479,197Expenses 2022: $557,618Net Income 2022: -$78,4212022Revenue 2024: $508,992Expenses 2024: $588,636Net Income 2024: -$79,6442024

Highlighted filing

2015

Revenue$413,889
Expenses$546,701
Net Income-$132,812
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Mar 10, 2016
Return Version
2014v6.0
Gross Receipts
$413,889
Mission and Program Overview

Mission

Provide low-income elderly persons and handicapped persons with housing facilities and services specially designed to meet their physical, social and psychological needs and to promote their health, security, happiness and usefulness in longer living.

Provide housing and service for low-income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,915,235$1,818,107▼ $97,128
Savings and Temporary Cash Investments$55,487$94,392▲ $38,905
Accounts Receivable$6,626$11,836▲ $5,210
Cash and Non-Interest-Bearing Accounts$28,952$15▼ $28,937
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$2,019,139$1,937,437▼ $81,702
Other Assets Total$12,839$13,087▲ $248
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,517,200$3,517,200→ $0
Other Liabilities$12,665$43,209▲ $30,544
Accounts Payable and Accrued Expenses$6,620$26,750▲ $20,130
Deferred Revenue$1,642$2,078▲ $436
Total Liabilities$3,538,127$3,589,237▲ $51,110
Net Assets / Fund Balance
Unrestricted Net Assets$-1,518,988$-1,651,800▼ $132,812
Total Net Assets Fund Balance$-1,518,988$-1,651,800▼ $132,812
Total Liabilities and Net Assets / Fund Balance$2,019,139$1,937,437▼ $81,702

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,768,580$1,680,018$3,448,598
Other Land Buildings$-428$170,046$169,618
Land$49,955-$49,955
Compensation and Service Providers

Employees

NameTitleOtherTotal
E Randall PolsleyPast Asst Trea$79,585$79,585
Paul SeilerPresident$74,545$74,545
Richard T AmickTreasurer$67,859$67,859
Jeffrey SmithVice President$67,286$67,286
Paul D SmithDirector$67,235$67,235
Ralph BukiewiczAss. Secretary$66,639$66,639
Richard E HerivelAss. Treasurer$60,774$60,774
Robert WebsterDirector$15,053$15,053

Board Members and Trustees

NameTitle
David E JeffreyChairman
Bramwell E HigginsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$182,933
Program Service Revenue
$207,455
Investment Income
$47
Other Revenue
$23,454
Change in Net Assets
$-132,812

Audited Revenue Reconciliation

Revenue per Audited Statements
$413,889
Total Revenue per Audited Statements
$413,889
Total Revenue per Form 990
$413,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$401,153
Salaries, Compensation, and Employee Benefits$145,548
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$140,639--$140,639
Other Salaries and Wages$123,494--$123,494
Depreciation Depletion$102,825--$102,825
Office Expenses$59,092--$59,092
Fees for Services Management-$32,966-$32,966
Insurance$25,069--$25,069
Other Employee Benefits$12,989--$12,989
Payroll Taxes$9,065--$9,065
Other Expenses$5,527--$5,527
Fees for Services Accounting$4,200--$4,200
Fees for Services Legal$709--$709
Total Functional Expenses$513,735$32,966$0$546,701

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$546,701
Total Expenses per Audited Statements$546,701
Total Expenses per Form 990$546,701
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
Miscellaneous Current Liabilities$30,126
Tenant Deposits Held in Trust$13,083
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

The project entered into a management agreement with Lenzy Hayes, Inc., whereby in return for providing management services to the project.

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

The Form 990 is reviewed and approved by the board of directors prior to it being filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Booth Manor, Inc. is an affiliate of Salvation Army. The conflict of interest policy of the Salvation Army governs the actions of directors and trustees of Booth Manor, Inc. The following is a description of Salvation Armys conflict of interest policy:In order to avoid any appearance that the judgment of a Salvation Army officer or employee has been influenced, it is the policy of the Salvation Army that Salvation Army officers, employees, members or their immediate family (spouse, children and parents) and other household members will not solicit or accept, directly or indirectly, any money, valuables, or favors from any person in circumstances which may affect, or appear to influence the officers or employees business judgment, including from any person who is or seeks to be a vendor of goods or services including consultants, to The Salvation Army (referred to in this policy as Vendors). No Salvation Army officer or employee will accept employment by, or act as a consultant to, any vendor. No Salvation Army Officer or employee or member of the immediate family or member of the household of any officer or employee, shall serve as a director or officer of, or have any financial interest in, any vendor, or accept any business opportunities, commissions, or other financial arrangements that are offered by vendors, or engage in any other conduct with vendors that might appear to compromise the officers or employees judgment or loyalty to The Salvation Army. For the sake of clarity, it shall not be a violation of this policy for officers or employees to receive from a vendor (A) Legitimate business related meals or (B) Entertainment, gifts or favors with an insubstantial or nominal value unless there is a reasonable possibility the item could be construed as quid pro quo for the retention of the vendor.Implementation: All Salvation Army officers will receive a copy of the foregoing policy. Such officers are also subject to various international orders and regulations, including the orders and regulations for the officers of The Salvation Army, which reinforce such policy and, in certain cases, impose more stringent requirements. Failure by a Salvation Army officer to comply with the policy or such orders and regulations will result in discipline, up to and including termination. The foregoing policy will also be included in The Salvation Army Central Territory employee manual, and all employees of The Salvation Army must sign a statement acknowledging receipt of, and agreeing to comply with, the policies in such manual. Any failure by an employee to comply with the policy will result in discipline by The Salvation Army, up to and including termination.

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

Booth Manor, Inc. makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Booth Manor Inc
EIN
35-1894464
Phone
8472942154
Address
3100 NORTH MERIDIAN STREET, INDIANAPOLIS, IN 46208

Signing Officer

Name
Bramwell E Higgins
Title
Secretary
Signed
2016-03-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Seiler
Formed
1992
Legal Domicile
In
Voting Board Members
9
Independent Board Members
1
Employees
0

Preparer

Firm
CNA Tax Professionals Inc
Address
8606 Allisonville Rd Ste 120, Indianapolis, IN 46250
Preparer
Xiaolin Shi CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

FIN 48 (ASC 740) Footnote Schedule D, Part X, Line 2 The Corporation qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code; therefore, no provision for income taxes is recognized in the financial statements. It is exempt from income taxes under the provisions of Section 501(a) of the Code.In the event the Corporation was to lose its tax exempt status, income tax expense for the tax reporting entity would include federal and state taxes currently payable and deferred taxes arising from temporary differences between income for financial reporting and income tax purposes. No such differences existed as of September 30, 2015 and 2014. The Corporation adopted the standard for 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. Federal and state tax authorities (if applicable) generally have the right to examine and audit the previous three years of tax returns filed.

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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
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