Civic Intelligence

U-Snap-Bac Incorporated

990 • Fiscal year 2020 • EIN 38-2810323

Oct 01, 2019 to Sep 30, 2020 • Filed on Jun 09, 2021

Organization ProfileUSNAPBAC.ORG
14901 E WarrenDetroit, MI 48224

(313) 640-1100

Siviq Scores

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

Liabilities / Assets

65th percentile

0.02x

Higher debt load relative to assets than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

29th percentile

-9.6%

Higher net margin than 29% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

91st percentile

$47,375

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

9th percentile

-48%

Faster asset growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

22nd percentile

-50%

Faster revenue growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$140,864

Down $128,718 (-48%) from 2019

Net Assets

Down

$137,864

Down $63,484 (-32%) from 2019

Liabilities

Down

$3,000

Down $65,234 (-96%) from 2019

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin29th percentile

Revenue

Down

$484,976

Down $491,396 (-50%) from 2019

Expenses

Down

$531,484

Down $330,496 (-38%) from 2019

Net Income

Down

-$46,508

Down $160,900 (-141%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$1.0M$500K$0-$500KAssets 2010: $861,120Liabilities 2010: $488,7992010Assets 2012: $155,305Liabilities 2012: $297,854Net Assets 2012: -$142,5492012Assets 2013: $189,509Liabilities 2013: $248,607Net Assets 2013: -$59,0982013Assets 2014: $133,644Liabilities 2014: $237,176Net Assets 2014: -$103,5322014Assets 2015: $147,798Liabilities 2015: $169,787Net Assets 2015: -$21,9892015Assets 2016: $98,880Liabilities 2016: $167,037Net Assets 2016: -$68,1572016Assets 2017: $211,686Liabilities 2017: $72,730Net Assets 2017: $138,9562017Assets 2018: $155,191Liabilities 2018: $68,235Net Assets 2018: $86,9562018Assets 2019: $269,582Liabilities 2019: $68,234Net Assets 2019: $201,3482019Assets 2020: $140,864Liabilities 2020: $3,000Net Assets 2020: $137,8642020Assets 2021: $788,624Liabilities 2021: $0Net Assets 2021: $788,6242021Assets 2022: $660,187Liabilities 2022: $0Net Assets 2022: $660,1872022Assets 2023: $450,047Liabilities 2023: $0Net Assets 2023: $450,0472023Assets 2024: $909,760Liabilities 2024: $0Net Assets 2024: $909,7602024

Highlighted filing

2020

Assets$140,864
Liabilities$3,000
Net Assets$137,864
Open 2020 Filing

Operations Trend

Revenue Growth22nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $319,688Expenses 2010: $357,602Net Income 2010: -$37,9142010Revenue 2012: $451,535Expenses 2012: $475,797Net Income 2012: -$24,2622012Revenue 2013: $338,272Expenses 2013: $253,822Net Income 2013: $84,4502013Revenue 2014: $441,045Expenses 2014: $485,479Net Income 2014: -$44,4342014Revenue 2015: $340,709Expenses 2015: $259,166Net Income 2015: $81,5432015Revenue 2016: $256,208Expenses 2016: $302,376Net Income 2016: -$46,1682016Revenue 2017: $871,919Expenses 2017: $664,806Net Income 2017: $207,1132017Revenue 2018: $376,506Expenses 2018: $428,506Net Income 2018: -$52,0002018Revenue 2019: $976,372Expenses 2019: $861,980Net Income 2019: $114,3922019Revenue 2020: $484,976Expenses 2020: $531,484Net Income 2020: -$46,5082020Revenue 2021: $1,463,966Expenses 2021: $813,206Net Income 2021: $650,7602021Revenue 2022: $852,889Expenses 2022: $981,562Net Income 2022: -$128,6732022Revenue 2023: $622,868Expenses 2023: $833,008Net Income 2023: -$210,1402023Revenue 2024: $4,967,087Expenses 2024: $4,507,374Net Income 2024: $459,7132024

Highlighted filing

2020

Revenue$484,976
Expenses$531,484
Net Income-$46,508
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jun 9, 2021
Return Version
2019v5.1
Gross Receipts
$484,976
Mission and Program Overview

Mission

Provide low and moderate housing for low income families

Provide low moderate housing for low income families

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$87,098$74,618▼ $12,480
Cash and Non-Interest-Bearing Accounts$97,274$66,246▼ $31,028
Total Assets$184,372$140,864▼ $43,508
Liabilities
Accounts Payable and Accrued Expenses-$3,000-
Total Liabilities$0$3,000▲ $3,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$184,372$137,864▼ $46,508
Total Net Assets Fund Balance$184,372$137,864▼ $46,508
Total Liabilities and Net Assets / Fund Balance$184,372$140,864▼ $43,508

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$74,618$97,897$172,515
Equipment-$75,506$75,506
Leasehold Improvements-$15,458$15,458
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Linda SmithExecutive DirectorFT$47,375$47,375

Board Members and Trustees

NameTitle
Eric DuewekeChairman
Richard CunninghamVice Chairman
Beverly Kindle-walkerMember
Carole WisemanMember
Lillian WilliamsMember
Marjorie HenryMember
Michael CheathamMember
Rev John GriceMember
Mary FinchSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$445,080
Program Service Revenue
$15,840
Investment Income
$0
Other Revenue
$24,056
All Other Contributions
$445,080
Change in Net Assets
$-46,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$443,142
Salaries, Compensation, and Employee Benefits$88,342
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$140,658$34,750-$175,408
Current Officers, Directors, Trustees, and Key Employees$40,269$7,106-$47,375
Occupancy$34,240--$34,240
Office Expenses-$27,627-$27,627
Other Salaries and Wages$17,127$10,474-$27,601
Fees for Services Accounting-$18,118-$18,118
Depreciation Depletion-$12,480-$12,480
All Other Expenses$10,157$38-$10,195
Payroll Taxes$6,905$3,134-$10,039
Travel$6,170$754-$6,924
Insurance$5,237--$5,237
Fees for Services Legal-$4,150-$4,150
Other Employee Benefits$3,327--$3,327
Total Functional Expenses$394,835$136,649$0$531,484
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
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 11

“Once the form 990 is completed by the cpa, a copy of the form is delivered electronically to each board member for review prior to filing.”

Form 990, Part VI, Section B, Line 12

“The organization regularily and consistently monitor and enforce compliance with regard to conflict of interest policy and request from the board members to disclose if any arise.”

Form 990, Part VI, Section B, Line 15

“The board of directors is responsible for reviewing the performance and compensation of the president and ceo annually.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, financial statements and conflict of interest policy available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
U-snap-bac Incorporated
EIN
38-2810323
Phone
3136401100
Address
14901 E WARREN, DETROIT, MI 48224

Signing Officer

Name
Linda Smith
Title
Exec Director
Signed
2021-06-09
Discuss with paid preparer
No

Organization Details

Principal Officer
Linda Smith
Formed
1973
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
3

Preparer

Firm
Gregory Terrell & Company
Address
613 ABBOTT STREET SUITE 320, DETROIT, MI 48226
Preparer
Gregory Terrell
Phone
3139650500
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 13

“Lakewood manor 2019 gp llc a single member limited liability company, where u-snap-bac, inc is the sole member, has elected under internal revenuie section 168h6fii not to 1 be treated as a tax exempt entity and 2 to treat any gain recognized by u-snap-bac, inc on any disposition of an interest in it and any dividends and interest received or accrued by u-snap-bac, inc from it, as urelated business taxable income under code section 511.”

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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0237411
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02577508
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt07376
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt013391
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0324853
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt018797
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0388473
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86900
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.79900
IRS990ScheduleA/PublicSupportTotal170Amt02577508
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0547066
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0237411
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02577508
IRS990ScheduleA/TotalSupportAmt02965981
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
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IRS990ScheduleD/BuildingsGrp/BookValueAmt074618
IRS990ScheduleD/BuildingsGrp/DepreciationAmt097897
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0172515
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075506
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt075506
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt015458
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt015458
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt074618
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ONCE THE FORM 990 IS COMPLETED BY THE CPA, A COPY OF THE FORM IS DELIVERED ELECTRONICALLY TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REGULARILY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH REGARD TO CONFLICT OF INTEREST POLICY AND REQUEST FROM THE BOARD MEMBERS TO DISCLOSE IF ANY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT AND CEO ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LAKEWOOD MANOR 2019 GP LLC A SINGLE MEMBER LIMITED LIABILITY COMPANY, WHERE U-SNAP-BAC, INC IS THE SOLE MEMBER, HAS ELECTED UNDER INTERNAL REVENUIE SECTION 168H6FII NOT TO 1 BE TREATED AS A TAX EXEMPT ENTITY AND 2 TO TREAT ANY GAIN RECOGNIZED BY U-SNAP-BAC, INC ON ANY DISPOSITION OF AN INTEREST IN IT AND ANY DIVIDENDS AND INTEREST RECEIVED OR ACCRUED BY U-SNAP-BAC, INC FROM IT, AS URELATED BUSINESS TAXABLE INCOME UNDER CODE SECTION 511.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part X, Line 13
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt0140864
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IRS990/TotalContributionsAmt0445080
IRS990/TotalEmployeeCnt03
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0394835
IRS990/TotalFunctionalExpensesGrp/TotalAmt0531484
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt03000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0184372
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0140864
IRS990/TravelGrp/ManagementAndGeneralAmt0754
IRS990/TravelGrp/ProgramServicesAmt06170
IRS990/TravelGrp/TotalAmt06924
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt014901 E WARREN
IRS990/USAddress/CityNm0DETROIT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048224
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0U-SNAP-BAC INCORPORATED
ReturnHeader/Filer/BusinessNameControlTxt0U-SN
ReturnHeader/Filer/EIN0382810323
ReturnHeader/Filer/PhoneNum03136401100
ReturnHeader/Filer/USAddress/AddressLine1Txt014901 E WARREN
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048224
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREGORY TERRELL & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0613 ABBOTT STREET SUITE 320
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DETROIT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048226
ReturnHeader/PreparerPersonGrp/PhoneNum03139650500
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-09

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$140,864
Liabilities
$3,000
Net assets
$137,864
Revenue
$484,976
Expenses
$531,484
Net income
-$46,508
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$4.97$4.51$0.46
2023Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.62$0.83$0.21
2022Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.85$0.98$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$1.46$0.81$0.65
2020Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.48$0.53$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.27$0.07$0.20$0.98$0.86$0.11
2018Summary only. Only limited summary data is available for this year.$0.16$0.07$0.09$0.38$0.43$0.05
2017Summary only. Only limited summary data is available for this year.$0.21$0.07$0.14$0.87$0.66$0.21
2016Summary only. Only limited summary data is available for this year.$0.10$0.17$0.07$0.26$0.30$0.05
2015Summary only. Only limited summary data is available for this year.$0.15$0.17$0.02$0.34$0.26$0.08
2014Summary only. Only limited summary data is available for this year.$0.13$0.24$0.10$0.44$0.49$0.04
2013Summary only. Only limited summary data is available for this year.$0.19$0.25$0.06$0.34$0.25$0.08
2012Summary only. Only limited summary data is available for this year.$0.16$0.30$0.14$0.45$0.48$0.02
2010Summary only. Only limited summary data is available for this year.$0.86$0.49$0.32$0.36$0.04