Civic Intelligence

Booth Manor Inc.

990 • Fiscal year 2018 • EIN 47-0775707

Oct 01, 2017 to Sep 30, 2018 • Filed on Jul 23, 2019

923 North 38th StOmaha, NE 68131

(402) 898-5950

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.10x

Higher debt load relative to assets than 53% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.28x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

14th percentile

-20%

Higher net margin than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$242,706

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 62.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

16th percentile

-8.4%

Faster asset growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

18%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,067,517

Down $98,263 (-8.4%) from 2017

Net Assets

Down

$956,332

Down $77,707 (-7.5%) from 2017

Liabilities

Down

$111,185

Down $20,556 (-16%) from 2017

Revenue

Up

$390,217

Up $60,143 (+18%) from 2017

Expenses

Up

$467,924

Up $16,826 (+3.7%) from 2017

Net Income

Up

-$77,707

Up $43,317 (+36%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,800,825Liabilities 2011: $35,247Net Assets 2011: $1,765,5782011Assets 2012: $1,716,101Liabilities 2012: $65,264Net Assets 2012: $1,650,8372012Assets 2013: $1,571,032Liabilities 2013: $41,820Net Assets 2013: $1,529,2122013Assets 2014: $1,503,790Liabilities 2014: $32,572Net Assets 2014: $1,471,2182014Assets 2015: $1,385,668Liabilities 2015: $57,323Net Assets 2015: $1,328,3452015Assets 2016: $1,276,159Liabilities 2016: $121,096Net Assets 2016: $1,155,0632016Assets 2017: $1,165,780Liabilities 2017: $131,741Net Assets 2017: $1,034,0392017Assets 2018: $1,067,517Liabilities 2018: $111,185Net Assets 2018: $956,3322018Assets 2019: $942,468Liabilities 2019: $62,914Net Assets 2019: $879,5542019Assets 2020: $827,529Liabilities 2020: $60,809Net Assets 2020: $766,7202020Assets 2021: $729,563Liabilities 2021: $84,906Net Assets 2021: $644,6572021Assets 2022: $635,435Liabilities 2022: $56,587Net Assets 2022: $578,8482022Assets 2023: $539,317Liabilities 2023: $88,053Net Assets 2023: $451,2642023Assets 2024: $450,735Liabilities 2024: $126,311Net Assets 2024: $324,4242024

Highlighted filing

2018

Assets$1,067,517
Liabilities$111,185
Net Assets$956,332

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $331,117Expenses 2011: $419,793Net Income 2011: -$88,6762011Expenses 2012: $434,9772012Expenses 2013: $460,0002013Revenue 2014: $344,267Expenses 2014: $402,261Net Income 2014: -$57,9942014Revenue 2015: $333,975Expenses 2015: $476,848Net Income 2015: -$142,8732015Revenue 2016: $337,522Expenses 2016: $510,804Net Income 2016: -$173,2822016Revenue 2017: $330,074Expenses 2017: $451,098Net Income 2017: -$121,0242017Revenue 2018: $390,217Expenses 2018: $467,924Net Income 2018: -$77,7072018Revenue 2019: $380,871Expenses 2019: $457,649Net Income 2019: -$76,7782019Revenue 2020: $380,297Expenses 2020: $493,131Net Income 2020: -$112,8342020Revenue 2021: $371,996Expenses 2021: $494,059Net Income 2021: -$122,0632021Revenue 2022: $418,162Expenses 2022: $483,971Net Income 2022: -$65,8092022Revenue 2023: $396,208Expenses 2023: $523,792Net Income 2023: -$127,5842023Revenue 2024: $450,725Expenses 2024: $577,565Net Income 2024: -$126,8402024

Highlighted filing

2018

Revenue$390,217
Expenses$467,924
Net Income-$77,707
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jul 23, 2019
Return Version
2017v2.2
Gross Receipts
$390,217
Mission and Program Overview

Mission

Provide low-income elderly persons and handicapped persons with housing facilities and services specially designed to meet their physical, social and psychological needs and to promote their health, security, happiness and usefulness in longer living.

Provide housing and service for low-income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,037,712$922,447▼ $115,265
Savings and Temporary Cash Investments$115,700$102,128▼ $13,572
Accounts Receivable$941$26,851▲ $25,910
Cash and Non-Interest-Bearing Accounts$136$3,176▲ $3,040
Prepaid Expenses and Deferred Charges-$120-
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-
Total Assets$1,165,780$1,067,517▼ $98,263
Other Assets Total$11,291$12,795▲ $1,504
Liabilities
Accounts Payable and Accrued Expenses$90,292$98,384▲ $8,092
Other Liabilities$41,449$12,801▼ $28,648
Total Liabilities$131,741$111,185▼ $20,556
Net Assets / Fund Balance
Unrestricted Net Assets$1,034,039$956,332▼ $77,707
Total Net Assets Fund Balance$1,034,039$956,332▼ $77,707
Total Liabilities and Net Assets / Fund Balance$1,165,780$1,067,517▼ $98,263

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$922,447$2,339,996$3,262,443
Compensation and Service Providers

Employees

NameTitleOtherTotal
F Bradford BaileyPresident$57,099$57,099
Steven M HowardVice President$53,057$53,057
Richard T AmickTreasurer$52,511$52,511
Renea SmithAsst Secretary$51,606$51,606
Beverly GatesAsst Treasurer$47,555$47,555
Philip MaxwellDirector$43,301$43,301
Greg ThompsonDirector$42,272$42,272

Board Members and Trustees

NameTitle
David E HudsonChairman
Bramwell E HigginsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$174,650
Program Service Revenue
$202,274
Investment Income
$58
Other Revenue
$13,235
Change in Net Assets
$-77,707

Audited Revenue Reconciliation

Revenue per Audited Statements
$390,217
Total Revenue per Audited Statements
$390,217
Total Revenue per Form 990
$390,217
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$392,188
Salaries, Compensation, and Employee Benefits$75,736
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$204,120--$204,120
Depreciation Depletion$115,265--$115,265
Other Salaries and Wages$17,806$44,112-$61,918
Insurance$30,722--$30,722
Fees for Services Management-$17,152-$17,152
Office Expenses$7,865$8,912-$16,777
Other Employee Benefits$9,082--$9,082
Fees for Services Accounting-$7,448-$7,448
Payroll Taxes$4,736--$4,736
Conferences and Meetings-$594-$594
Advertising-$100-$100
Other Expenses$10--$10
Total Functional Expenses$389,606$78,318$0$467,924

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$467,924
Total Expenses per Audited Statements$467,924
Total Expenses per Form 990$467,924
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
Tenant Deposits Held in Trust$12,795
Excess Project Funds-residual Receipts$6
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

There is a contract between booth manor and the salvation army (tsa) (omaha area) by which tsa provides services and materials and is reimbursed for that cost by booth manor. All personnel are employees of tsa and provide the services to booth manor.

Form 990, Part VI, Line 11B: Form 990 Review Process

The board reviews the form 990 prior to filing the return.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Booth Manor, 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, 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, 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 Inc
EIN
47-0775707
Phone
4028985950
Address
923 NORTH 38TH ST, OMAHA, NE 68131

Signing Officer

Name
Bramwell E Higgins
Title
Secretary
Signed
2019-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul R Seiler
Formed
1994
Legal Domicile
Ne
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
Shawn D Dreiman 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, 2016 and 2015. 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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IRS990/MissionDesc0PROVIDE LOW-INCOME ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0771920
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt016817
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IRS990ScheduleA/PublicSupportCY509Pct00.98730
IRS990ScheduleA/PublicSupportPY509Pct00.99360
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt02339996
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112795
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0EXCESS PROJECT FUNDS-RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT DEPOSITS HELD IN TRUST
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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, 2016 and 2015. 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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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0390217
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt013080
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011434
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Bramwell E Higgins
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Secretary
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.45$0.13$0.32$0.45$0.58$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.54$0.09$0.45$0.40$0.52$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.64$0.06$0.58$0.42$0.48$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.08$0.64$0.37$0.49$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.83$0.06$0.77$0.38$0.49$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.94$0.06$0.88$0.38$0.46$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.07$0.11$0.96$0.39$0.47$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.17$0.13$1.03$0.33$0.45$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.28$0.12$1.16$0.34$0.51$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.39$0.06$1.33$0.33$0.48$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.50$0.03$1.47$0.34$0.40$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.04$1.53$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.07$1.65$0.43
2011Summary only. Only limited summary data is available for this year.$1.80$0.04$1.77$0.33$0.42$0.09