Civic Intelligence

Philos Enterprises Inc

990 • Fiscal year 2015 • EIN 47-1223811

Jul 01, 2014 to Jun 30, 2015 • Filed on Dec 14, 2015

833 West Main StreetCarmel, IN 46032

(317) 574-4700

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

98th percentile

94%

Higher net margin than 98% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

83rd percentile

$21,500

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$222,989

No earlier filing loaded for comparison.

Net Assets

$222,989

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$236,000

No earlier filing loaded for comparison.

Expenses

$13,011

No earlier filing loaded for comparison.

Net Income

$222,989

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $222,989Liabilities 2015: $0Net Assets 2015: $222,9892015Assets 2016: $3,002,173Liabilities 2016: $7,487Net Assets 2016: $2,994,6862016Assets 2017: $3,696,607Liabilities 2017: $9,269Net Assets 2017: $3,687,3382017Assets 2018: $3,495,698Liabilities 2018: $9,928Net Assets 2018: $3,485,7702018Assets 2019: $3,269,431Liabilities 2019: $3,810Net Assets 2019: $3,265,6212019Assets 2020: $2,709,429Liabilities 2020: $3,925Net Assets 2020: $2,705,5042020Assets 2021: $1,789,021Liabilities 2021: $3,000Net Assets 2021: $1,786,0212021Assets 2022: $1,318,940Liabilities 2022: $3,000Net Assets 2022: $1,315,9402022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2015

Assets$222,989
Liabilities$0
Net Assets$222,989

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2015: $236,000Expenses 2015: $13,011Net Income 2015: $222,9892015Revenue 2016: $2,824,110Expenses 2016: $102,512Net Income 2016: $2,721,5982016Revenue 2017: $904,894Expenses 2017: $324,643Net Income 2017: $580,2512017Revenue 2018: $108,673Expenses 2018: $332,986Net Income 2018: -$224,3132018Revenue 2019: $109,905Expenses 2019: $396,529Net Income 2019: -$286,6242019Revenue 2020: $45,106Expenses 2020: $679,842Net Income 2020: -$634,7362020Revenue 2021: $349,366Expenses 2021: $1,261,402Net Income 2021: -$912,0362021Revenue 2022: $75,935Expenses 2022: $311,166Net Income 2022: -$235,2312022Revenue 2023: $87,187Expenses 2023: $1,318,290Net Income 2023: -$1,231,1032023

Highlighted filing

2015

Revenue$236,000
Expenses$13,011
Net Income$222,989
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Dec 14, 2015
Return Version
2014v5.0
Gross Receipts
$236,000
Mission and Program Overview

Mission

Philos enterprises, inc. Is a florida charitable organization formed to provide housing opportunities as well as charitable and educational programs to the disadvantaged, elderly, and low-income families, including but not limited to, programs that promote education, community development, raising the standard of living, and child welfare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$222,989▲ $222,989
Total Assets$0$222,989▲ $222,989
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$222,989-
Total Net Assets Fund Balance$0$222,989▲ $222,989
Total Liabilities and Net Assets / Fund Balance$0$222,989▲ $222,989
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Hugh M PetersPresident/treasurerPT$21,500$21,500
Mark E CollinsBoard Member-$4,250$4,250

Board Members and Trustees

NameTitle
Joseph C BrownBoard Member
Pam WrightBoard Member
Donna S ThomasSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$236,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$222,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,011
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
Fees for Services Legal$12,000--$12,000
Office Expenses$1,011--$1,011
Total Functional Expenses$13,011$0$0$13,011
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
No
Annual disclosure for covered persons
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Philos enterprises, inc. Is managed by cornerstone properties, a professional property management company.

Form 990, Part VI, Section B, Line 11

The auditing firm sends a draft of the return to the management company. The management company forwards a copy of the return to each board member for their comments prior to filing.

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

Persons covered by the policy are officers, directors, chief employed executive and chief employed financial executive. Such persons will annually disclose or update the president of the board of directors on a form provided by the organization of their interests that could give rise to conflicts of interest, such as a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations of those of family members.

Form 990, Part VI, Section B, Line 15

The compensation of the person is reviewed and approved by the board of directors or compensation committee of the organization, provided that the persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations.

Form 990, Part VI, Section C, Line 19

The form 990 and all related financial and policy information are made available to the public upon written request.

Form 990, Part VII, Section A, Line 1A, Column B

All of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.

Filing and Contact Details

Filer

Filer Name
Philos Enterprises Inc
EIN
47-1223811
Phone
3175744700
Address
833 WEST MAIN STREET, CARMEL, IN 46032

Signing Officer

Name
Hugh M Peters
Title
Board President
Phone
3175744700
Signed
2015-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hugh M Peters
Formed
2014
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD STE 300, CARMEL, IN 46032
Preparer
Mark Mcfarland
Phone
3178485700
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PHILOS ENTERPRISES, INC. IS MANAGED BY CORNERSTONE PROPERTIES, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PERSONS COVERED BY THE POLICY ARE OFFICERS, DIRECTORS, CHIEF EMPLOYED EXECUTIVE AND CHIEF EMPLOYED FINANCIAL EXECUTIVE. SUCH PERSONS WILL ANNUALLY DISCLOSE OR UPDATE THE PRESIDENT OF THE BOARD OF DIRECTORS ON A FORM PROVIDED BY THE ORGANIZATION OF THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OF THOSE OF FAMILY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE OF THE ORGANIZATION, PROVIDED THAT THE PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0ENTERPRISE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1ENTERPRISE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2ENTERPRISE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3ENTERPRISE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4ENTERPRISE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt5ENTERPRISE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt6ENTERPRISE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt7ENTERPRISE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ENTERPRISE HOUSING - ALEXANDRIA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ENTERPRISE HOUSING - BRANDYWINE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2ENTERPRISE HOUSING - BROOKSIDE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3ENTERPRISE HOUSING - COLONNADE LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4ENTERPRISE HOUSING - EDGEWOOD LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5ENTERPRISE HOUSING - LAKE WALES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6ENTERPRISE HOUSING -CEDAR COMMONS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7ENTERPRISE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0202266702
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN7351796480
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2IN
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd7IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW-INCOME APARTMENT RENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1LOW-INCOME APARTMENT RENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2LOW-INCOME APARTMENT RENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3LOW-INCOME APARTMENT RENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4LOW-INCOME APARTMENT RENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt5LOW-INCOME APARTMENT RENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt6LOW-INCOME APARTMENT RENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt7LOW-INCOME APARTMENT RENTAL
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt19
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0236000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ENTERPRISE HOUSING INC
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0222989
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0833 WEST MAIN STREET
IRS990/USAddress/CityNm0CARMEL
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IRS990/USAddress/ZIPCd046032
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HUGH M PETERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03175744700
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-12-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHILOS ENTERPRISES INC
ReturnHeader/Filer/BusinessNameControlTxt0PHIL
ReturnHeader/Filer/EIN0471223811
ReturnHeader/Filer/PhoneNum03175744700
ReturnHeader/Filer/USAddress/AddressLine1Txt0833 WEST MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0CARMEL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046032
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351750664
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAUBY O'CONNOR & ZALESKI LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0501 CONGRESSIONAL BLVD STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARMEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN

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