Civic Intelligence

Booth Manor-Columbus Inc.

990 • Fiscal year 2015 • EIN 38-3651271

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

94th percentile

1.23x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

99th percentile

16.63x

Higher debt load relative to revenue than 99% of similar nonprofits.

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

Net Margin

1st percentile

-239%

Higher net margin than 1% 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 225.5% of source-year revenue.

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

Asset Growth

37th percentile

-2.0%

Faster asset growth than 37% of similar nonprofits.

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

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

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

Assets

Down

$1,202,807

Down $24,362 (-2.0%) from 2014

Net Assets

Down

-$278,615

Down $210,922 (-312%) from 2014

Liabilities

Up

$1,481,422

Up $186,560 (+14%) from 2014

Revenue

Up

$89,059

Up $10,058 (+13%) from 2014

Expenses

Up

$302,277

Up $170,900 (+130%) from 2014

Net Income

Down

-$213,218

Down $160,842 (-307%) from 2014

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 2011: $1,327,225Liabilities 2011: $1,287,217Net Assets 2011: $40,0082011Assets 2012: $1,320,266Liabilities 2012: $1,288,166Net Assets 2012: $32,1002012Assets 2013: $1,283,888Liabilities 2013: $1,299,205Net Assets 2013: -$15,3172013Assets 2014: $1,227,169Liabilities 2014: $1,294,862Net Assets 2014: -$67,6932014Assets 2015: $1,202,807Liabilities 2015: $1,481,422Net Assets 2015: -$278,6152015Assets 2016: $1,156,116Liabilities 2016: $1,471,699Net Assets 2016: -$315,5832016Assets 2017: $1,127,946Liabilities 2017: $1,481,389Net Assets 2017: -$353,4432017Assets 2018: $1,096,484Liabilities 2018: $1,471,349Net Assets 2018: -$374,8652018Assets 2019: $1,065,573Liabilities 2019: $1,483,239Net Assets 2019: -$417,6662019Assets 2020: $1,049,424Liabilities 2020: $1,485,078Net Assets 2020: -$435,6542020Assets 2021: $1,027,765Liabilities 2021: $1,509,232Net Assets 2021: -$481,4672021Assets 2022: $989,762Liabilities 2022: $1,525,112Net Assets 2022: -$535,3502022Assets 2023: $904,076Liabilities 2023: $1,441,377Net Assets 2023: -$537,3012023Assets 2024: $736,568Liabilities 2024: $1,304,643Net Assets 2024: -$568,0752024

Highlighted filing

2015

Assets$1,202,807
Liabilities$1,481,422
Net Assets-$278,615

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2011: $82,433Expenses 2011: $92,154Net Income 2011: -$9,7212011Revenue 2012: $82,687Expenses 2012: $90,595Net Income 2012: -$7,9082012Revenue 2013: $78,966Expenses 2013: $126,383Net Income 2013: -$47,4172013Revenue 2014: $79,001Expenses 2014: $131,377Net Income 2014: -$52,3762014Revenue 2015: $89,059Expenses 2015: $302,277Net Income 2015: -$213,2182015Revenue 2016: $98,458Expenses 2016: $135,426Net Income 2016: -$36,9682016Revenue 2017: $99,196Expenses 2017: $137,056Net Income 2017: -$37,8602017Revenue 2018: $98,545Expenses 2018: $119,967Net Income 2018: -$21,4222018Revenue 2019: $96,231Expenses 2019: $139,031Net Income 2019: -$42,8002019Revenue 2020: $103,117Expenses 2020: $121,105Net Income 2020: -$17,9882020Revenue 2021: $108,033Expenses 2021: $153,846Net Income 2021: -$45,8132021Revenue 2022: $104,778Expenses 2022: $158,661Net Income 2022: -$53,8832022Revenue 2023: $165,896Expenses 2023: $167,847Net Income 2023: -$1,9512023Revenue 2024: $105,877Expenses 2024: $136,651Net Income 2024: -$30,7742024

Highlighted filing

2015

Revenue$89,059
Expenses$302,277
Net Income-$213,218
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Mar 10, 2016
Return Version
2014v6.0
Gross Receipts
$89,059
Mission and Program Overview

Mission

LOW-INCOME HOUSING

Provide housing and service for low-income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$930,699$895,510▼ $35,189
Savings and Temporary Cash Investments$284,045$285,130▲ $1,085
Cash and Non-Interest-Bearing Accounts$633$14,850▲ $14,217
Accounts Receivable$5,649$105▼ $5,544
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$1,227,169$1,202,807▼ $24,362
Other Assets Total$6,143$7,212▲ $1,069
Liabilities
Other Liabilities$1,280,621$1,463,651▲ $183,030
Accounts Payable and Accrued Expenses$14,241$16,859▲ $2,618
Deferred Revenue-$912-
Total Liabilities$1,294,862$1,481,422▲ $186,560
Net Assets / Fund Balance
Unrestricted Net Assets$-67,693$-278,615▼ $210,922
Total Net Assets Fund Balance$-67,693$-278,615▼ $210,922
Total Liabilities and Net Assets / Fund Balance$1,227,169$1,202,807▼ $24,362

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$866,451$341,147$1,207,598
Land$28,500-$28,500
Equipment$559$12,191$12,750
Compensation and Service Providers

Employees

NameTitleOtherTotal
E Randall PolsleyPast Asst Treas$79,585$79,585
Paul R 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
$13,485
Program Service Revenue
$73,431
Investment Income
$310
Other Revenue
$1,833
Change in Net Assets
$-213,218

Audited Revenue Reconciliation

Revenue per Audited Statements
$89,059
Total Revenue per Audited Statements
$89,059
Total Revenue per Form 990
$89,059
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$287,881
Salaries, Compensation, and Employee Benefits$14,396
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$35,189--$35,189
Occupancy$31,276--$31,276
Office Expenses$17,916--$17,916
Other Salaries and Wages$13,823--$13,823
Fees for Services Management-$6,656-$6,656
Insurance$5,637--$5,637
Fees for Services Accounting$5,400--$5,400
Other Expenses$3,842--$3,842
Payroll Taxes$573--$573
Total Functional Expenses$295,621$6,656$0$302,277

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$302,277
Total Expenses per Audited Statements$302,277
Total Expenses per Form 990$302,277
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
Hud Capital Advance$1,275,083
Miscellaneous Current Liabilities$181,965
Tenant Security Deposits$6,603
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-Columbus, 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-Columbus, 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-COLUMBUS, 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-columbus Inc
EIN
38-3651271
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 R Seiler
Formed
2002
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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$1.30$0.57$0.11$0.14$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$1.44$0.54$0.17$0.17$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$1.53$0.54$0.10$0.16$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$1.51$0.48$0.11$0.15$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$1.49$0.44$0.10$0.12$0.02
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.07$1.48$0.42$0.10$0.14$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$1.47$0.37$0.10$0.12$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$1.48$0.35$0.10$0.14$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$1.47$0.32$0.10$0.14$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.20$1.48$0.28$0.09$0.30$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.23$1.29$0.07$0.08$0.13$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$1.30$0.02$0.08$0.13$0.05
2012Summary only. Only limited summary data is available for this year.$1.32$1.29$0.03$0.08$0.09$0.01
2011Summary only. Only limited summary data is available for this year.$1.33$1.29$0.04$0.08$0.09$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits