Civic Intelligence

James a Herod Apartments Inc

990 • Fiscal year 2016 • EIN 35-2349188

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization ProfileN/A
11 N Parkerson AvenueCrowley, LA 70526

(337) 332-6004

Siviq Scores

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

Liabilities / Assets

86th percentile

0.72x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

100th percentile

57.14x

Higher debt load relative to revenue than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

2nd percentile

-198%

Higher net margin than 2% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

95th percentile

87%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

84th percentile

32%

Faster revenue growth than 84% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$3,898,429

Up $1,813,251 (+87%) from 2015

Net Assets

Down

$1,107,193

Down $328,870 (-23%) from 2015

Liabilities

Up

$2,791,236

Up $2,142,121 (+330%) from 2015

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin2nd percentile

Revenue

Up

$48,848

Up $11,893 (+32%) from 2015

Expenses

Up

$145,560

Up $74,484 (+105%) from 2015

Net Income

Down

-$96,712

Down $62,591 (-183%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,252,531Liabilities 2011: $812,293Net Assets 2011: $1,440,2382011Assets 2013: $3,316,694Liabilities 2013: $939,203Net Assets 2013: $2,377,4912013Assets 2014: $0Net Assets 2014: $02014Assets 2015: $2,085,178Liabilities 2015: $649,115Net Assets 2015: $1,436,0632015Assets 2016: $3,898,429Liabilities 2016: $2,791,236Net Assets 2016: $1,107,1932016Assets 2017: $3,720,426Liabilities 2017: $3,729,534Net Assets 2017: -$9,1082017

Highlighted filing

2016

Assets$3,898,429
Liabilities$2,791,236
Net Assets$1,107,193
Open 2016 Filing

Operations Trend

Revenue Growth84th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $9,1632011Revenue 2013: $1,102,815Expenses 2013: $110,728Net Income 2013: $992,0872013Revenue 2014: $02014Revenue 2015: $36,955Expenses 2015: $71,076Net Income 2015: -$34,1212015Revenue 2016: $48,848Expenses 2016: $145,560Net Income 2016: -$96,7122016Revenue 2017: $53,083Expenses 2017: $144,088Net Income 2017: -$91,0052017

Highlighted filing

2016

Revenue$48,848
Expenses$145,560
Net Income-$96,712
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$48,848
Mission and Program Overview

Mission

The organization provides low income housing and provides substance abuse programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,902,331$3,873,891▼ $28,440
Pledges and Grants Receivable$66,995$0▼ $66,995
Cash and Non-Interest-Bearing Accounts$16,709$16,688▼ $21
Savings and Temporary Cash Investments$14,845$7,850▼ $6,995
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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$4,000,880$3,898,429▼ $102,451
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,777,039$2,768,833▼ $8,206
Accounts Payable and Accrued Expenses$12,980$12,978▼ $2
Other Liabilities$6,588$9,425▲ $2,837
Total Liabilities$2,796,607$2,791,236▼ $5,371
Net Assets / Fund Balance
Unrestricted Net Assets$1,204,273$1,107,193▼ $97,080
Total Net Assets Fund Balance$1,204,273$1,107,193▼ $97,080
Total Liabilities and Net Assets / Fund Balance$4,000,880$3,898,429▼ $102,451

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,225,127$350,822$3,575,949
Land$648,764-$648,764
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Debra HarmonPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$48,848
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-96,712
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$145,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$95,065--$95,065
Insurance$17,802--$17,802
All Other Expenses$7,310--$7,310
Fees for Services Management$5,400--$5,400
Other Expenses$2,684--$2,684
Total Functional Expenses$145,560$0$0$145,560
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 Deposits Held in Trust$9,425
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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 board of directors has contracted out the management of the organization. The day to day management operations are performed by Kennedy Management Company, a property management consulting firm.”

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

“Tax return is prepared by Vige, Tujague & Noel, CPA's after the financial statements are prepared then presented to officers for review and signatures to file.”

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

“The board of directors monitors on an ongoing basis the conflict of interest policy. The directors, if they become aware of any problems, will address the problem at the regular meeting or call for a special meeting if necessary.”

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

“Management will provide necessary information upon request.send request to 310 south main st. Breaux bridge, la 70517”

Filing and Contact Details

Filer

Filer Name
James Herod Apartments
EIN
35-2349188
Phone
3373326004
Address
11 N PARKERSON AVENUE, CROWLEY, LA 70526

Signing Officer

Name
Debra Kennedy
Title
Management Agent
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
La
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Vige Tujague & Noel CPAs
Address
151 N 2nd St, Eunice, LA 70535
Preparer
Shirley Vige Jr CPA
Phone
3374579324
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“EQUITY TRANSFER = -$368”

Raw XML Appendix336 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board of directors has contracted out the management of the organization. The day to day management operations are performed by Kennedy Management Company, a property management consulting firm.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Tax return is prepared by Vige, Tujague & Noel, CPA's after the financial statements are prepared then presented to officers for review and signatures to file.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS MONITORS ON AN ONGOING BASIS THE CONFLICT OF INTEREST POLICY. THE DIRECTORS, IF THEY BECOME AWARE OF ANY PROBLEMS, WILL ADDRESS THE PROBLEM AT THE REGULAR MEETING OR CALL FOR A SPECIAL MEETING IF NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT WILL PROVIDE NECESSARY INFORMATION UPON REQUEST.SEND REQUEST TO 310 SOUTH MAIN ST. BREAUX BRIDGE, LA 70517
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EQUITY TRANSFER = -$368
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Decreases
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01204273
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01107193
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBRA KENNEDY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGEMENT AGENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JAMES HEROD APARTMENTS
ReturnHeader/Filer/BusinessNameControlTxt0JAME
ReturnHeader/Filer/EIN0352349188
ReturnHeader/Filer/PhoneNum03373326004
ReturnHeader/Filer/USAddress/AddressLine1Txt011 N PARKERSON AVENUE
ReturnHeader/Filer/USAddress/CityNm0CROWLEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070526
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Vige Tujague & Noel CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0151 N 2nd St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Eunice
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070535
ReturnHeader/PreparerPersonGrp/PhoneNum03374579324
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHIRLEY VIGE JR CPA
ReturnHeader/ReturnTs02017-11-14T06:21:26-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,898,429
Liabilities
$2,791,236
Net assets
$1,107,193
Revenue
$48,848
Expenses
$145,560
Net income
-$96,712
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$3.72$3.73$0.01$0.05$0.14$0.09
2016Detailed filing. Detailed filing data is available for this year.$3.90$2.79$1.11$0.05$0.15$0.10
2015Detailed filing. Detailed filing data is available for this year.$2.09$0.65$1.44$0.04$0.07$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2013Detailed filing. Detailed filing data is available for this year.$3.32$0.94$2.38$1.10$0.11$0.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.81$1.44$0.01