Civic Intelligence

Parade Park Homes Inc

EIN 44-0662014 • 501(c)3 • Kansas City, MO

Profile

Provide affordable housing for individuals and families that meet the guidelines set forth by the US Department of Housig and Urban Development

1903 East 15th Terrace Apt AKansas City, MO 64127
Siviq Scores

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

Liabilities / Assets

99th percentile

1.80x

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

501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

4.46x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

15th percentile

-6.7%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

24th percentile

-7.0%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Down

$5,074,774

Down $363,913 (-6.7%) from 2020

Liabilities

Down

$9,140,768

Down $195,150 (-2.1%) from 2020

Net Assets

Down

-$4,065,994

Down $168,763 (-4.3%) from 2020

Revenue

Down

$2,050,875

Down $153,726 (-7.0%) from 2020

Expenses

Down

$2,261,646

Down $78,368 (-3.3%) from 2020

Net Income

Down

-$210,771

Down $75,358 (-56%) from 2020

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2018: $5,888,365Liabilities 2018: $9,701,341Net Assets 2018: -$3,812,9762018Assets 2019: $5,727,973Liabilities 2019: $9,501,391Net Assets 2019: -$3,773,4182019Assets 2020: $5,438,687Liabilities 2020: $9,335,918Net Assets 2020: -$3,897,2312020Assets 2021: $5,074,774Liabilities 2021: $9,140,768Net Assets 2021: -$4,065,9942021

Highlighted filing

2021

Assets$5,074,774
Liabilities$9,140,768
Net Assets-$4,065,994

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $542,409Expenses 2018: $527,791Net Income 2018: $14,6182018Revenue 2019: $2,221,223Expenses 2019: $2,190,065Net Income 2019: $31,1582019Revenue 2020: $2,204,601Expenses 2020: $2,340,014Net Income 2020: -$135,4132020Revenue 2021: $2,050,875Expenses 2021: $2,261,646Net Income 2021: -$210,7712021

Highlighted filing

2021

Revenue$2,050,875
Expenses$2,261,646
Net Income-$210,771

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.2
Gross Receipts
$2,050,875
Mission and Program Overview

Mission

Provide affordable housing for individuals and families that meet the guidelines set forth by the US Department of Housig and Urban Development

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,443,080$4,129,331▼ $313,749
Investments Program Related$591,888$648,265▲ $56,377
Prepaid Expenses and Deferred Charges$146,766$125,612▼ $21,154
Cash and Non-Interest-Bearing Accounts$157,141$55,673▼ $101,468
Accounts Receivable$21,208$37,416▲ $16,208
Total Assets$5,438,687$5,074,774▼ $363,913
Other Assets Total$78,604$78,477▼ $127
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,128,243$8,898,658▼ $229,585
Accounts Payable and Accrued Expenses$180,677$220,982▲ $40,305
Deferred Revenue$23,491$17,798▼ $5,693
Escrow Account Liability$3,507$3,330▼ $177
Total Liabilities$9,335,918$9,140,768▼ $195,150
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,897,231$-4,065,994▼ $168,763
Total Net Assets Fund Balance$-3,897,231$-4,065,994▼ $168,763
Total Liabilities and Net Assets / Fund Balance$5,438,687$5,074,774▼ $363,913

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,742,068$13,017,925$16,759,993
Land$387,263-$387,263
Other Land Buildings-$169,683$169,683
Equipment-$134,026$134,026
Leasehold Improvements-$99,400$99,400
Investment Program Related Org$601,849--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Harietta HarrisPresident
Diane BrattonVice President
Don WilliamsDirector
Donald Jones JrDirector
Glenda BushnellDirector
Gwenetta WilsonDirector
Myrtle BaileyDirector
Barbara LaneSecretary
John JacksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$56,805
Program Service Revenue
$1,992,291
Investment Income
$1,779
Other Revenue
$0
Change in Net Assets
$-210,771

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,050,875
Total Revenue per Audited Statements
$2,050,875
Total Revenue per Form 990
$2,050,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,261,646
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$596,347$66,262-$662,609
Interest$312,866$34,763-$347,629
Depreciation Depletion$280,481$31,165-$311,646
Fees for Services Other$106,200$11,800-$118,000
Fees for Services Management$50,012$50,011-$100,023
Fees for Services Legal-$44,971-$44,971
Other Expenses$32,554$4,348-$32,554
Office Expenses$20,404$5,101-$25,505
Fees for Services Accounting-$11,500-$11,500
All Other Expenses$3,433$3,319-$6,752
Advertising$3,049--$3,049
Conferences and Meetings$37$38-$75
Total Functional Expenses$1,898,751$362,895$0$2,261,646

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,261,646
Total Expenses per Audited Statements$2,261,646
Total Expenses per Form 990$2,261,646
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Section A, Line 3

The Organization employs a management company to oversee the day-to-day rental activities.

Form 990, Part VI, Section A, Line 8B

This question is not applicable because committees, when formed, cannot bind the Organization without governing board approval. However, the question must be answered to electronically file. Accordingly, we checked no to signify that the question is not applicable.

Form 990, Part VI, Section B, Line 11B

This tax return was prepared the the external audit firm and provided to the governing board for review prior to filing.

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

At the first board meeting after elections are held, all board members are provided a copy of the our Code of Ethics and Confidentiality Policy which requires disclosure of actual or potential conflicts of interest for review and resolution by the board. Each board member acknowledges its understanding of the policy and agreement to abide the policy by signing said policy annually.

Form 990, Part VI, Section B, Line 15A,B

These questions are not applicable because we did not pay compensation to anyone meeting the description of these questions. However, the questions must be answered to electronically file. Accordingly, we checked no to indicate that the process does not exist because it is not necessary.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, financial statements, and Formm 990 tax returns are made available upon request.

Filing and Contact Details

Filer

Filer Name
Parade Park Homes Inc
EIN
44-0662014
Phone
8164213367
Address
1903 EAST 15TH TERRACE APT A, KANSAS CITY, MO 64127

Signing Officer

Name
Harietta Harris
Title
President
Phone
8164213367
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harietta Harris
Formed
1962
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
20

Preparer

Firm
Welch & Associates LLC
Address
920 Main Street Suite 640, Kansas City, MO 64105
Preparer
Brian D Welch
Phone
8167562620
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in members equity not due to operations.

Financial Statement Notes

IV 2B

The Organization collects security deposits from its tenants that are refunded/retained at the time the tenant moves out depending on any outstanding charges owed by the tenant.

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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-210771
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt056805
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt056805
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt062206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt042272
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt049319
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0210602
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt062206
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt042272
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt049319
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0153797
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01779
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02931
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05673
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01180
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011563
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02931
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05673
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02780
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011384
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02139464
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02173278
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0491910
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04804652
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06796943
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02931
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05673
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02780
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt011384
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0210602
IRS990ScheduleA/PublicSupportTotal509Amt04958449
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02201670
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02215550
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0541229
IRS990ScheduleA/Total509Grp/TotalAmt04958449
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt056805
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt062206
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt042272
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt049319
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0210602
IRS990ScheduleA/TotalSupportAmt0222165
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02204601
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02221223
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0544009
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04969833
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03742068
IRS990ScheduleD/BuildingsGrp/DepreciationAmt013017925
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016759993
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0134026
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0134026
IRS990ScheduleD/ExpensesSubtotalAmt02261646
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt046416
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1601849
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Replacement reserve required by HUD
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1General operating reserve required by HUD
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0387263
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0387263
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt099400
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt099400
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0169683
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0169683
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt02050875
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization collects security deposits from its tenants that are refunded/retained at the time the tenant moves out depending on any outstanding charges owed by the tenant.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0IV 2b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04129331
IRS990ScheduleD/TotalBookValueProgramRltdAmt0648265
IRS990ScheduleD/TotalExpensesPerForm990Amt02261646
IRS990ScheduleD/TotalRevenuePerForm990Amt02050875
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02050875
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02261646
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization employs a management company to oversee the day-to-day rental activities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1This question is not applicable because committees, when formed, cannot bind the Organization without governing board approval. However, the question must be answered to electronically file. Accordingly, we checked no to signify that the question is not applicable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2This tax return was prepared the the external audit firm and provided to the governing board for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3At the first board meeting after elections are held, all board members are provided a copy of the our Code of Ethics and Confidentiality Policy which requires disclosure of actual or potential conflicts of interest for review and resolution by the board. Each board member acknowledges its understanding of the policy and agreement to abide the policy by signing said policy annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4These questions are not applicable because we did not pay compensation to anyone meeting the description of these questions. However, the questions must be answered to electronically file. Accordingly, we checked no to indicate that the process does not exist because it is not necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The governing documents, conflict of interest policy, financial statements, and Formm 990 tax returns are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Change in members equity not due to operations.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15a,b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

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