Civic Intelligence

Lafayette Square Inc.

990 • Fiscal year 2017 • EIN 41-1405047

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 27, 2018

100 West Jefferson StMacomb, IL 61455-2160

(406) 863-4804

Siviq Scores

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

Liabilities / Assets

98th percentile

1.83x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

3.48x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

26th percentile

-5.8%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

9th percentile

-13%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

2.0%

Faster revenue growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$2,243,808

Down $326,614 (-13%) from 2016

Net Assets

Down

-$1,864,099

Down $68,875 (-3.8%) from 2016

Liabilities

Down

$4,107,907

Down $257,739 (-5.9%) from 2016

Revenue

Up

$1,181,394

Up $22,859 (+2.0%) from 2016

Expenses

Up

$1,250,269

Up $50,338 (+4.2%) from 2016

Net Income

Down

-$68,875

Down $27,479 (-66%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $2,705,248Liabilities 2010: $4,159,659Net Assets 2010: -$1,454,4112010Assets 2011: $2,623,488Liabilities 2011: $4,081,395Net Assets 2011: -$1,457,9072011Assets 2012: $2,555,603Liabilities 2012: $4,046,229Net Assets 2012: -$1,490,6262012Assets 2013: $2,347,224Liabilities 2013: $3,965,861Net Assets 2013: -$1,618,6372013Assets 2014: $2,212,291Liabilities 2014: $3,897,224Net Assets 2014: -$1,684,9332014Assets 2015: $2,070,718Liabilities 2015: $3,824,545Net Assets 2015: -$1,753,8272015Assets 2016: $2,570,422Liabilities 2016: $4,365,646Net Assets 2016: -$1,795,2242016Assets 2017: $2,243,808Liabilities 2017: $4,107,907Net Assets 2017: -$1,864,0992017Assets 2018: $2,081,609Liabilities 2018: $4,017,803Net Assets 2018: -$1,936,1942018Assets 2019: $1,853,157Liabilities 2019: $3,860,145Net Assets 2019: -$2,006,9882019Assets 2020: $1,625,937Liabilities 2020: $3,684,380Net Assets 2020: -$2,058,4432020Assets 2021: $1,436,442Liabilities 2021: $3,563,485Net Assets 2021: -$2,127,0432021Assets 2022: $1,311,203Liabilities 2022: $3,408,741Net Assets 2022: -$2,097,5382022Assets 2023: $1,310,348Liabilities 2023: $3,306,158Net Assets 2023: -$1,995,8102023Assets 2024: $1,199,781Liabilities 2024: $3,058,071Net Assets 2024: -$1,858,2902024

Highlighted filing

2017

Assets$2,243,808
Liabilities$4,107,907
Net Assets-$1,864,099

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,102,3742010Revenue 2011: $1,099,132Expenses 2011: $1,102,628Net Income 2011: -$3,4962011Expenses 2012: $1,118,8322012Revenue 2013: $1,054,083Expenses 2013: $1,182,093Net Income 2013: -$128,0102013Revenue 2014: $1,128,855Expenses 2014: $1,195,151Net Income 2014: -$66,2962014Revenue 2015: $1,140,402Expenses 2015: $1,209,296Net Income 2015: -$68,8942015Revenue 2016: $1,158,535Expenses 2016: $1,199,931Net Income 2016: -$41,3962016Revenue 2017: $1,181,394Expenses 2017: $1,250,269Net Income 2017: -$68,8752017Revenue 2018: $1,189,224Expenses 2018: $1,261,117Net Income 2018: -$71,8932018Revenue 2019: $1,192,851Expenses 2019: $1,263,645Net Income 2019: -$70,7942019Revenue 2020: $1,181,630Expenses 2020: $1,233,085Net Income 2020: -$51,4552020Revenue 2021: $1,197,263Expenses 2021: $1,265,865Net Income 2021: -$68,6022021Revenue 2022: $1,238,134Expenses 2022: $1,208,629Net Income 2022: $29,5052022Revenue 2023: $1,308,462Expenses 2023: $1,206,734Net Income 2023: $101,7282023Revenue 2024: $1,373,975Expenses 2024: $1,236,455Net Income 2024: $137,5202024

Highlighted filing

2017

Revenue$1,181,394
Expenses$1,250,269
Net Income-$68,875
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 27, 2018
Return Version
2017v2.0
Gross Receipts
$1,181,394
Mission and Program Overview

Mission

Senior and Disabled Housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,893,671$1,718,993▼ $174,678
Savings and Temporary Cash Investments$563,428$405,233▼ $158,195
Prepaid Expenses and Deferred Charges$6,993$10,055▲ $3,062
Cash and Non-Interest-Bearing Accounts$594$8,226▲ $7,632
Accounts Receivable$19$1,075▲ $1,056
Total Assets$2,570,422$2,243,808▼ $326,614
Other Assets Total$105,717$100,226▼ $5,491
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,992,479$3,877,716▼ $114,763
Accounts Payable and Accrued Expenses$369,855$225,887▼ $143,968
Deferred Revenue$3,312$4,304▲ $992
Total Liabilities$4,365,646$4,107,907▼ $257,739
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-1,795,224$-1,864,099▼ $68,875
Total Net Assets Fund Balance$-1,795,224$-1,864,099▼ $68,875
Total Liabilities and Net Assets / Fund Balance$2,570,422$2,243,808▼ $326,614

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,223,396$4,827,371$0
Other Land Buildings$0$0$0
Land$348,247-$0
Equipment$147,350$361,651$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard PriccoChairman
Bruce BiaginiBoard Member
Roger CarmackBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,180,051
Investment Income
$1,343
Other Revenue
$0
Change in Net Assets
$-68,875

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,181,394
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,181,394
Total Revenue per Form 990
$1,181,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$924,592
Salaries, Compensation, and Employee Benefits$325,677
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$474,254--$474,254
Depreciation Depletion$265,868--$265,868
Other Salaries and Wages$113,090$114,319-$227,409
Fees for Services Management-$79,063-$79,063
Other Employee Benefits$27,507$27,805-$55,312
Fees for Services Accounting$46,108--$46,108
Office Expenses$32,552--$32,552
Pension Plan Contributions$10,970$11,089-$22,059
Payroll Taxes$10,392$10,505-$20,897
Advertising$15,757--$15,757
Conferences and Meetings$4,033$1,200-$5,233
Other Expenses$833$0-$833
Total Functional Expenses$1,006,288$243,981$0$1,250,269

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,250,269
Total Expenses per Audited Statements$1,250,269
Total Expenses per Form 990$1,250,269
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
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 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
Yes
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 11B

The return is prepared by the senior accountant and reviewed by the owner/agent prior to submission. The Board of Directors receives a copy after submission.

Form 990, Part VI, Section B, Line 12C

The Board of Directors and key employees must file a conflict of interest report annually. Transactions with new vendors are reviewed to determine if there is any potential conflicts of interest that may be unreported by the individual.

Form 990, Part VI, Section B, Line 15

Every year a compensation comparability study is conducted.

Form 990, Part VI, Section C, Line 19

All documents are in a binder in the office of the administrator and Owner/Agent and are available for inspection upon verbal or written request.

Filing and Contact Details

Filer

Filer Name
Lafayette Square Inc
EIN
41-1405047
Phone
4068634804
Address
100 West Jefferson St, Macomb, IL 61455-2160

Signing Officer

Name
Gary Beaudean
Title
Secretary/Treasurer
Phone
4068634804
Signed
2018-03-27

Organization Details

Principal Officer
Karen Foster
Formed
1978
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
4
Volunteers
0
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99923
IRS990ScheduleA/PublicSupportPY170Pct00.99931
IRS990ScheduleA/PublicSupportTotal170Amt05658924
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01180051
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01157242
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01139703
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01128214
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01053714
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05658924
IRS990ScheduleA/TotalSupportAmt05663270
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01223396
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04827371
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt06050767
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0147350
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0361651
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0509001
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01250269
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0348247
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0348247
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01181394
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01718993
IRS990ScheduleD/TotalExpensesPerForm990Amt01250269
IRS990ScheduleD/TotalRevenuePerForm990Amt01181394
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01181394
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01250269
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The return is prepared by the senior accountant and reviewed by the owner/agent prior to submission. The Board of Directors receives a copy after submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors and key employees must file a conflict of interest report annually. Transactions with new vendors are reviewed to determine if there is any potential conflicts of interest that may be unreported by the individual.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Every year a compensation comparability study is conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All documents are in a binder in the office of the administrator and Owner/Agent and are available for inspection upon verbal or written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02570422
IRS990/TotalAssetsEOYAmt02243808
IRS990/TotalAssetsGrp/BOYAmt02570422
IRS990/TotalAssetsGrp/EOYAmt02243808
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0243981
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01006288
IRS990/TotalFunctionalExpensesGrp/TotalAmt01250269
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04365646
IRS990/TotalLiabilitiesEOYAmt04107907
IRS990/TotalLiabilitiesGrp/BOYAmt04365646
IRS990/TotalLiabilitiesGrp/EOYAmt04107907
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1795224
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1864099
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt01006288
IRS990/TotalProgramServiceRevenueAmt01180051
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01181394
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01181394
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02570422
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02243808
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1795224
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1864099
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0102 2nd St E
IRS990/USAddress/AddressLine2Txt0Suite 8
IRS990/USAddress/CityNm0Whitefish
IRS990/USAddress/StateAbbreviationCd0MT
IRS990/USAddress/ZIPCd0599373506
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0http://www.lafayette-square.com/home.htm
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Gary Beaudean
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary/Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum04068634804
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAFAYETTE SQUARE INC
ReturnHeader/Filer/BusinessNameControlTxt0LAFA
ReturnHeader/Filer/EIN0411405047
ReturnHeader/Filer/PhoneNum04068634804
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 West Jefferson St

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$3.06$1.86$1.37$1.24$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$3.31$2.00$1.31$1.21$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$3.41$2.10$1.24$1.21$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$3.56$2.13$1.20$1.27$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$3.68$2.06$1.18$1.23$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$3.86$2.01$1.19$1.26$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$4.02$1.94$1.19$1.26$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.24$4.11$1.86$1.18$1.25$0.07
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$4.37$1.80$1.16$1.20$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$3.82$1.75$1.14$1.21$0.07
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$3.90$1.68$1.13$1.20$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.35$3.97$1.62$1.05$1.18$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$4.05$1.49$1.12
2011Summary only. Only limited summary data is available for this year.$2.62$4.08$1.46$1.10$1.10$0.00
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.71$4.16$1.45$1.10