Civic Intelligence

Lansing Affordable Homes Inc

990 • Fiscal year 2016 • EIN 38-3110321

Jan 01, 2016 to Dec 31, 2016 • Filed on May 02, 2017

Organization ProfileN/A
79 Warwick CourtJackson, MI 49203-1859

(517) 394-2778

Siviq Scores

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

Liabilities / Assets

67th percentile

0.26x

Higher debt load relative to assets than 67% of similar nonprofits.

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

Liabilities / Revenue

84th percentile

0.96x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

51st percentile

2.5%

Higher net margin than 51% 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

40th percentile

-0.9%

Faster asset growth than 40% of similar nonprofits.

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

Revenue Growth

44th percentile

0.7%

Faster revenue growth than 44% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$4,400,083

Down $39,916 (-0.9%) from 2015

Net Assets

Up

$3,236,203

Up $30,494 (+1.0%) from 2015

Liabilities

Down

$1,163,880

Down $70,410 (-5.7%) from 2015

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin51st percentile

Revenue

Up

$1,213,436

Up $8,401 (+0.7%) from 2015

Expenses

Up

$1,182,942

Up $1,632 (+0.1%) from 2015

Net Income

Up

$30,494

Up $6,769 (+29%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,624,515Liabilities 2010: $1,113,136Net Assets 2010: $3,511,3792010Assets 2011: $4,629,492Liabilities 2011: $1,064,274Net Assets 2011: $3,565,2182011Assets 2012: $4,593,384Liabilities 2012: $995,613Net Assets 2012: $3,597,7712012Assets 2013: $4,514,122Liabilities 2013: $940,116Net Assets 2013: $3,574,0062013Assets 2014: $4,477,627Liabilities 2014: $1,295,651Net Assets 2014: $3,181,9762014Assets 2015: $4,439,999Liabilities 2015: $1,234,290Net Assets 2015: $3,205,7092015Assets 2016: $4,400,083Liabilities 2016: $1,163,880Net Assets 2016: $3,236,2032016Assets 2017: $4,320,096Liabilities 2017: $1,100,797Net Assets 2017: $3,219,2992017Assets 2018: $4,273,363Liabilities 2018: $1,050,059Net Assets 2018: $3,223,3042018

Highlighted filing

2016

Assets$4,400,083
Liabilities$1,163,880
Net Assets$3,236,203
Open 2016 Filing

Operations Trend

Revenue Growth44th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,131,3072010Expenses 2011: $1,103,5472011Expenses 2012: $1,108,0222012Revenue 2013: $1,156,959Expenses 2013: $1,199,224Net Income 2013: -$42,2652013Revenue 2014: $1,198,213Expenses 2014: $1,200,020Net Income 2014: -$1,8072014Revenue 2015: $1,205,035Expenses 2015: $1,181,310Net Income 2015: $23,7252015Revenue 2016: $1,213,436Expenses 2016: $1,182,942Net Income 2016: $30,4942016Revenue 2017: $1,260,305Expenses 2017: $1,277,204Net Income 2017: -$16,8992017Revenue 2018: $1,247,346Expenses 2018: $1,237,346Net Income 2018: $10,0002018

Highlighted filing

2016

Revenue$1,213,436
Expenses$1,182,942
Net Income$30,494
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 2, 2017
Return Version
2016v3.0
Gross Receipts
$1,217,836
Mission and Program Overview

Mission

To provide low income housing for low and/or moderate income individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,369,168$3,197,726▼ $171,442
Savings and Temporary Cash Investments$988,081$1,122,906▲ $134,825
Intangible Assets$38,125$25,761▼ $12,364
Prepaid Expenses and Deferred Charges$20,306$23,799▲ $3,493
Accounts Receivable$19,452$22,559▲ $3,107
Cash and Non-Interest-Bearing Accounts$4,867$7,332▲ $2,465
Total Assets$4,439,999$4,400,083▼ $39,916
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,135,220$1,073,023▼ $62,197
Accounts Payable and Accrued Expenses$78,775$72,808▼ $5,967
Other Liabilities$20,295$18,049▼ $2,246
Total Liabilities$1,234,290$1,163,880▼ $70,410
Net Assets / Fund Balance
Unrestricted Net Assets$3,205,709$3,236,203▲ $30,494
Total Net Assets Fund Balance$3,205,709$3,236,203▲ $30,494
Total Liabilities and Net Assets / Fund Balance$4,439,999$4,400,083▼ $39,916

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,795,109$2,353,362$5,148,471
Equipment$242,617$1,143,132$1,385,749
Land$160,000-$160,000
Other Land Buildings-$71,350$71,350
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Linda BrockwayPresident
Donna JonesSecretary
Cheryl AlganaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,078,760
Program Service Revenue
$137,161
Investment Income
$-2,485
Other Revenue
$0
Change in Net Assets
$30,494

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,217,836
Revenue Not Reported on Financial Statements
$-4,400
Other Revenue Adjustments
$-4,400
Total Revenue per Audited Statements
$1,217,836
Total Revenue per Form 990
$1,213,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$879,466
Salaries, Compensation, and Employee Benefits$303,476
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$241,935--$241,935
Depreciation Depletion$233,209--$233,209
All Other Expenses$97,470--$97,470
Fees for Services Management-$61,248-$61,248
Interest$59,021--$59,021
Insurance-$57,080-$57,080
Other Employee Benefits$40,692--$40,692
Other Expenses$36,000--$36,000
Payroll Taxes$20,849--$20,849
Office Expenses-$10,708-$10,708
Fees for Services Accounting-$5,500-$5,500
Advertising-$2,968-$2,968
Fees for Services Legal-$2,310-$2,310
Conferences and Meetings-$147-$147
Total Functional Expenses$1,042,981$139,961$0$1,182,942

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,187,342
Total Expenses per Audited Statements$1,187,342
Total Expenses per Form 990$1,182,942
Expenses Not Reported on Financial Statements$-4,400
Other Expense Adjustments$-4,400
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
Subscription-security Dep.$17,708
Prepaid Charges-rent$341
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, Page 6, Part VI, Line 3

“Management of the housing corporation has been delegatged to tailor made properties, 1165 north milwaukee, chicago, il 60622”

Form 990, Page 6, Part VI, Line 11B

“Tax returns are provided to the board of directors and discussed prior to being signed by the responsible party.”

Form 990, Page 6, Part VI, Line 12C

“Limited transactions and a small board make monitoring of compliance with conflict of interest policy transparent.”

Form 990, Page 6, Part VI, Line 19

“The organization will provide photocopies of governing documents, audited financial statements, and conflict of interest policy upon request.”

Filing and Contact Details

Filer

Filer Name
Lansing Affordable Homes Inc
EIN
38-3110321
Phone
5173942778
Address
79 WARWICK COURT, JACKSON, MI 49203-1859
Doing Business As
Southridge Park Apartments

Signing Officer

Name
Linda Brockway
Title
President
Phone
5177834984
Signed
2017-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Brockway
Formed
1992
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Polk and Associates Plc
Address
30600 TELEGRAPH RD SUITE 2191, BINGHAM FARMS, MI 48025-5714
Preparer
Richard G Williams Jr
Phone
2486425700
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Loss on disposal of assets 4,400 rounding 0 loss on disposal of assets -4,400”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

“Loss on disposal of assets -4,400”

Schedule D, Page 4, Part XII, Line 4B

“Rounding 0 loss on disposal of assets -4,400”

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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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01156959
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01140573
IRS990ScheduleA/Total509Grp/TotalAmt05921827
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01219751
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01200954
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01159076
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01142816
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05932283
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt02795109
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02353362
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05148471
IRS990ScheduleD/EquipmentGrp/BookValueAmt0242617
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01143132
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01385749
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt071350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt071350
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017708
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1341
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SUBSCRIPTION-SECURITY DEP.
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IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-4400
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-4400
IRS990ScheduleD/RevenueSubtotalAmt01217836
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON DISPOSAL OF ASSETS -4,400
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING 0 LOSS ON DISPOSAL OF ASSETS -4,400
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalExpensesPerForm990Amt01182942
IRS990ScheduleD/TotalLiabilityAmt018049
IRS990ScheduleD/TotalRevenuePerForm990Amt01213436
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01217836
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT OF THE HOUSING CORPORATION HAS BEEN DELEGATGED TO TAILOR MADE PROPERTIES, 1165 NORTH MILWAUKEE, CHICAGO, IL 60622
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TAX RETURNS ARE PROVIDED TO THE BOARD OF DIRECTORS AND DISCUSSED PRIOR TO BEING SIGNED BY THE RESPONSIBLE PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LIMITED TRANSACTIONS AND A SMALL BOARD MAKE MONITORING OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY TRANSPARENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL PROVIDE PHOTOCOPIES OF GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LOSS ON DISPOSAL OF ASSETS 4,400 ROUNDING 0 LOSS ON DISPOSAL OF ASSETS -4,400
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt04400083
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01078760
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0139961
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01042981
IRS990/TotalFunctionalExpensesGrp/TotalAmt01182942
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01234290
IRS990/TotalLiabilitiesEOYAmt01163880
IRS990/TotalLiabilitiesGrp/BOYAmt01234290
IRS990/TotalLiabilitiesGrp/EOYAmt01163880
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03205709
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IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0-19776
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0-19776
IRS990/TotalProgramServiceExpensesAmt01042981
IRS990/TotalProgramServiceRevenueAmt0137161
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04400083
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03205709
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03236203
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA BROCKWAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05177834984
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LANSING AFFORDABLE HOMES INC
ReturnHeader/Filer/BusinessNameControlTxt0LANS
ReturnHeader/Filer/EIN0383110321
ReturnHeader/Filer/PhoneNum05173942778
ReturnHeader/Filer/USAddress/AddressLine1Txt079 WARWICK COURT
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd0492031859
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId031CC48205A50F4F93B49D527CF43995DB1EFA6AC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId031CC48205A50F4F93B49D527CF43995DB1EFA6AC
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383388760
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0POLK AND ASSOCIATES PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030600 TELEGRAPH RD SUITE 2191
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BINGHAM FARMS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0480255714
ReturnHeader/PreparerPersonGrp/PhoneNum02486425700
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD G WILLIAMS JR
ReturnHeader/ReturnTs02017-06-30T12:25:52-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$4,400,083
Liabilities
$1,163,880
Net assets
$3,236,203
Revenue
$1,213,436
Expenses
$1,182,942
Net income
$30,494
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.27$1.05$3.22$1.25$1.24$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.32$1.10$3.22$1.26$1.28$0.02
2016Detailed filing. Detailed filing data is available for this year.$4.40$1.16$3.24$1.21$1.18$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.44$1.23$3.21$1.21$1.18$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.48$1.30$3.18$1.20$1.20$0.00
2013Detailed filing. Detailed filing data is available for this year.$4.51$0.94$3.57$1.16$1.20$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.59$1.00$3.60$1.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.63$1.06$3.57$1.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.62$1.11$3.51$1.13