Civic Intelligence

Poston Housing Inc

EIN 43-1843385 • 501(c)3 • Germantown, TN

Profile

Provides housing to low income elderly persons under section 202 of the national housing act under agreement with the department of hud.

2171 Judicial Drive Rm/Ste 200Germantown, TN 38138
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

45th percentile

0.04x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.13x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

13th percentile

-22%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

23rd percentile

-5.2%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

6.1%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,664,459

Down $92,071 (-5.2%) from 2023

Liabilities

Up

$66,444

Up $19,104 (+40%) from 2023

Net Assets

Down

$1,598,015

Down $111,175 (-6.5%) from 2023

Revenue

Up

$496,932

Up $28,495 (+6.1%) from 2023

Expenses

Up

$608,107

Up $51,180 (+9.2%) from 2023

Net Income

Down

-$111,175

Down $22,685 (-26%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $2,528,269Liabilities 2011: $11,625Net Assets 2011: $2,516,6442011Assets 2012: $2,480,567Liabilities 2012: $24,366Net Assets 2012: $2,456,2012012Assets 2013: $2,443,333Liabilities 2013: $22,848Net Assets 2013: $2,420,4852013Assets 2014: $2,408,446Liabilities 2014: $19,156Net Assets 2014: $2,389,2902014Assets 2015: $2,377,597Liabilities 2015: $24,072Net Assets 2015: $2,353,5252015Assets 2016: $2,310,448Liabilities 2016: $72,155Net Assets 2016: $2,238,2932016Assets 2017: $2,221,638Liabilities 2017: $41,434Net Assets 2017: $2,180,2042017Assets 2018: $2,168,208Liabilities 2018: $38,495Net Assets 2018: $2,129,7132018Assets 2019: $2,120,561Liabilities 2019: $64,503Net Assets 2019: $2,056,0582019Assets 2020: $2,032,079Liabilities 2020: $29,307Net Assets 2020: $2,002,7722020Assets 2021: $1,942,231Liabilities 2021: $49,613Net Assets 2021: $1,892,6182021Assets 2022: $1,831,266Liabilities 2022: $33,586Net Assets 2022: $1,797,6802022Assets 2023: $1,756,530Liabilities 2023: $47,340Net Assets 2023: $1,709,1902023Assets 2024: $1,664,459Liabilities 2024: $66,444Net Assets 2024: $1,598,0152024

Highlighted filing

2024

Assets$1,664,459
Liabilities$66,444
Net Assets$1,598,015

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $383,995Expenses 2011: $440,204Net Income 2011: -$56,2092011Revenue 2012: $381,075Expenses 2012: $441,518Net Income 2012: -$60,4432012Revenue 2013: $383,259Expenses 2013: $418,975Net Income 2013: -$35,7162013Revenue 2014: $384,885Expenses 2014: $416,080Net Income 2014: -$31,1952014Revenue 2015: $382,941Expenses 2015: $418,706Net Income 2015: -$35,7652015Revenue 2016: $381,304Expenses 2016: $496,536Net Income 2016: -$115,2322016Revenue 2017: $390,295Expenses 2017: $448,384Net Income 2017: -$58,0892017Revenue 2018: $404,809Expenses 2018: $455,300Net Income 2018: -$50,4912018Revenue 2019: $398,830Expenses 2019: $472,485Net Income 2019: -$73,6552019Revenue 2020: $398,488Expenses 2020: $451,774Net Income 2020: -$53,2862020Revenue 2021: $397,011Expenses 2021: $507,165Net Income 2021: -$110,1542021Revenue 2022: $426,378Expenses 2022: $521,316Net Income 2022: -$94,9382022Revenue 2023: $468,437Expenses 2023: $556,927Net Income 2023: -$88,4902023Revenue 2024: $496,932Expenses 2024: $608,107Net Income 2024: -$111,1752024

Highlighted filing

2024

Revenue$496,932
Expenses$608,107
Net Income-$111,175

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$0.07$1.60$0.50$0.61$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$0.05$1.71$0.47$0.56$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.03$1.80$0.43$0.52$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.05$1.89$0.40$0.51$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$0.03$2.00$0.40$0.45$0.05
2019Summary only. Only limited summary data is available for this year.$2.12$0.06$2.06$0.40$0.47$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.17$0.04$2.13$0.40$0.46$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$0.04$2.18$0.39$0.45$0.06
2016Summary only. Only limited summary data is available for this year.$2.31$0.07$2.24$0.38$0.50$0.12
2015Summary only. Only limited summary data is available for this year.$2.38$0.02$2.35$0.38$0.42$0.04
2014Summary only. Only limited summary data is available for this year.$2.41$0.02$2.39$0.38$0.42$0.03
2013Summary only. Only limited summary data is available for this year.$2.44$0.02$2.42$0.38$0.42$0.04
2012Summary only. Only limited summary data is available for this year.$2.48$0.02$2.46$0.38$0.44$0.06
2011Summary only. Only limited summary data is available for this year.$2.53$0.01$2.52$0.38$0.44$0.06
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 17, 2023
Return Version
2022v5.0
Gross Receipts
$426,378
Mission and Program Overview

Mission

Provides housing to low income elderly persons under section 202 of the national housing act under agreement with the department of hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,616,699$1,641,660▲ $24,961
Prepaid Expenses and Deferred Charges$10,304$25,839▲ $15,535
Cash and Non-Interest-Bearing Accounts-$16,651-
Accounts Receivable$378$531▲ $153
Total Assets$1,942,231$1,831,266▼ $110,965
Other Assets Total$314,850$146,585▼ $168,265
Liabilities
Accounts Payable and Accrued Expenses$16,562$19,457▲ $2,895
Other Liabilities$32,893$13,299▼ $19,594
Deferred Revenue$158$830▲ $672
Total Liabilities$49,613$33,586▼ $16,027
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,104,180$3,104,180→ $0
Net Assets Without Donor Restrictions$-1,211,562$-1,306,500▼ $94,938
Total Net Assets Fund Balance$1,892,618$1,797,680▼ $94,938
Total Liabilities and Net Assets / Fund Balance$1,942,231$1,831,266▼ $110,965

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,391,050$1,737,346$3,128,396
Other Land Buildings$135,515$144,773$280,288
Land$115,095-$115,095
Equipment-$59,027$59,027
Other Assets Org$1--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Solomon GarrettPresident
Lois GilderSecretary
Vivian HenryTreasurer
Edward ReidVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$426,251
Investment Income
$127
Other Revenue
$0
Change in Net Assets
$-94,938

Audited Revenue Reconciliation

Revenue per Audited Statements
$426,378
Total Revenue per Audited Statements
$426,378
Total Revenue per Form 990
$426,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$411,863
Salaries, Compensation, and Employee Benefits$109,453
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$122,308--$122,308
Depreciation Depletion$91,729--$91,729
Other Salaries and Wages$86,775--$86,775
Fees for Services Management-$51,294-$51,294
Other Employee Benefits$16,834--$16,834
Office Expenses$16,518--$16,518
Fees for Services Accounting-$8,740-$8,740
Other Expenses$5,908--$5,908
Payroll Taxes$5,844--$5,844
Insurance$2,672--$2,672
Advertising$1,197--$1,197
Conferences and Meetings-$950-$950
Fees for Services Legal-$401-$401
Total Functional Expenses$459,931$61,385$0$521,316

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$521,316
Total Expenses per Audited Statements$521,316
Total Expenses per Form 990$521,316
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
Tenant Security Deposits$13,299
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Delegated control over management duties to a management company.

Form 990, Page 6, Part VI, Line 7A

Organization has members, stockholders, or other persons who may elect members to governing body.

Form 990, Page 6, Part VI, Line 7B

Decisions of the governing body subject to approval by members, stockholders, or other persons.

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Poston Housing Inc
EIN
43-1843385
Phone
9017597284
Address
2171 JUDICIAL DRIVE RM/STE 200, GERMANTOWN, TN 38138

Signing Officer

Name
Solomon Garrett
Title
President
Phone
9017597284
Signed
2023-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Solomon Garrett
Formed
1999
Legal Domicile
Tn
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Maddox & Associates Apc
Address
5627 BANKERS AVE BLDG 2, BATON ROUGE, LA 70808-2610
Preparer
William B Beale
Phone
2259263360
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Provides housing to low income elderly persons under section 202 of the national housing act under agreement with the department of hud.

Raw XML Appendix363 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.

Path#Value
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0214
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0518
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0324
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01304
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99940
IRS990ScheduleA/PublicSupportTotal509Amt02024212
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0426251
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0396890
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0398274
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0398312
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0404485
IRS990ScheduleA/Total509Grp/TotalAmt02024212
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0426378
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0397011
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0398488
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0398830
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0404809
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02025516
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01391050
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01737346
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03128396
IRS990ScheduleD/EquipmentGrp/DepreciationAmt059027
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059027
IRS990ScheduleD/ExpensesSubtotalAmt0521316
IRS990ScheduleD/LandGrp/BookValueAmt0115095
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0115095
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt087619
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt145615
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt213350
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESTRICTED DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0135515
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0144773
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0280288
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013299
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0426378
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01641660
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0146585
IRS990ScheduleD/TotalExpensesPerForm990Amt0521316
IRS990ScheduleD/TotalLiabilityAmt013299
IRS990ScheduleD/TotalRevenuePerForm990Amt0426378
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0426378
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDES HOUSING TO LOW INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DELEGATED CONTROL OVER MANAGEMENT DUTIES TO A MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION HAS MEMBERS, STOCKHOLDERS, OR OTHER PERSONS WHO MAY ELECT MEMBERS TO GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL BY MEMBERS, STOCKHOLDERS, OR OTHER PERSONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01942231
IRS990/TotalAssetsEOYAmt01831266
IRS990/TotalAssetsGrp/BOYAmt01942231
IRS990/TotalAssetsGrp/EOYAmt01831266
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061385
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0459931
IRS990/TotalFunctionalExpensesGrp/TotalAmt0521316
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt049613
IRS990/TotalLiabilitiesEOYAmt033586
IRS990/TotalLiabilitiesGrp/BOYAmt049613
IRS990/TotalLiabilitiesGrp/EOYAmt033586
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01892618
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01797680
IRS990/TotalProgramServiceExpensesAmt0459931
IRS990/TotalProgramServiceRevenueAmt0426251
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0426378
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0426378
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01942231
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01831266
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02171 JUDICIAL DRIVE RM/STE 200
IRS990/USAddress/CityNm0GERMANTOWN
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038138
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SOLOMON GARRETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09017597284
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POSTON HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0POST
ReturnHeader/Filer/EIN0431843385
ReturnHeader/Filer/PhoneNum09017597284
ReturnHeader/Filer/USAddress/AddressLine1Txt02171 JUDICIAL DRIVE RM/STE 200
ReturnHeader/Filer/USAddress/CityNm0GERMANTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038138
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721314069
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MADDOX & ASSOCIATES APC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05627 BANKERS AVE BLDG 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BATON ROUGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0708082610
ReturnHeader/PreparerPersonGrp/PhoneNum02259263360
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM B BEALE
ReturnHeader/ReturnTs02023-05-02T08:04:35-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SOLOMON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GARRETT
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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