Civic Intelligence

Csg Residential Inc.

990 • Fiscal year 2016 • EIN 47-2000398

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 19, 2017

1000 Wynnton RoadColumbus, GA 31906

(706) 571-2800

Siviq Scores

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

Liabilities / Assets

87th percentile

0.79x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

2.32x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

17th percentile

-17%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

94th percentile

$295,306

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 70.1% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

15th percentile

-8.2%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

49th percentile

2.4%

Faster revenue growth than 49% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,234,475

Down $109,893 (-8.2%) from 2015

Net Assets

Down

$257,581

Down $72,536 (-22%) from 2015

Liabilities

Down

$976,894

Down $37,357 (-3.7%) from 2015

Revenue

Up

$421,137

Up $9,732 (+2.4%) from 2015

Expenses

Up

$493,673

Up $65,907 (+15%) from 2015

Net Income

Down

-$72,536

Down $56,175 (-343%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $1,344,368Liabilities 2015: $1,014,251Net Assets 2015: $330,1172015Assets 2016: $1,234,475Liabilities 2016: $976,894Net Assets 2016: $257,5812016Assets 2017: $1,212,699Liabilities 2017: $966,464Net Assets 2017: $246,2352017Assets 2018: $1,212,063Liabilities 2018: $934,686Net Assets 2018: $277,3772018Assets 2019: $1,210,827Liabilities 2019: $915,176Net Assets 2019: $295,6512019Assets 2020: $1,228,721Liabilities 2020: $882,233Net Assets 2020: $346,4882020Assets 2021: $1,247,606Liabilities 2021: $861,450Net Assets 2021: $386,1562021Assets 2022: $1,270,647Liabilities 2022: $826,048Net Assets 2022: $444,5992022Assets 2024: $1,198,490Liabilities 2024: $742,917Net Assets 2024: $455,5732024

Highlighted filing

2016

Assets$1,234,475
Liabilities$976,894
Net Assets$257,581

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $411,405Expenses 2015: $427,766Net Income 2015: -$16,3612015Revenue 2016: $421,137Expenses 2016: $493,673Net Income 2016: -$72,5362016Revenue 2017: $408,639Expenses 2017: $419,985Net Income 2017: -$11,3462017Revenue 2018: $426,017Expenses 2018: $394,875Net Income 2018: $31,1422018Revenue 2019: $442,157Expenses 2019: $423,883Net Income 2019: $18,2742019Revenue 2020: $435,071Expenses 2020: $384,234Net Income 2020: $50,8372020Revenue 2021: $428,596Expenses 2021: $388,928Net Income 2021: $39,6682021Revenue 2022: $437,980Expenses 2022: $379,537Net Income 2022: $58,4432022Revenue 2024: $473,476Expenses 2024: $476,252Net Income 2024: -$2,7762024

Highlighted filing

2016

Revenue$421,137
Expenses$493,673
Net Income-$72,536
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 19, 2017
Return Version
2015v3.0
Gross Receipts
$421,137
Mission and Program Overview

Mission

The corporation is a nonprofit organization and is organized exclusively for charitable purposes,including, but not limited to, building and operating a multifamily rental housing project known as "gentian oak apartments- and any other projects as the board of directors may determine to be in the corporation's best interest.

The corporation is organized exclusively for charitable purposes, including, but not limited to, building and operating a multifamily rental housing project known as "gentian oak apartments- and any other projects as the board of directors may determine to be in the corporation's best interest.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$911,111$914,548▲ $3,437
Savings and Temporary Cash Investments$411,000$309,000▼ $102,000
Prepaid Expenses and Deferred Charges$7,653$5,854▼ $1,799
Cash and Non-Interest-Bearing Accounts$8,562$4,458▼ $4,104
Inventories for Sale or Use$4,243--
Accounts Receivable$1,799$382▼ $1,417
Total Assets$1,344,368$1,234,475▼ $109,893
Other Assets Total-$233-
Liabilities
Unsecured Notes Loans Payable$925,143$904,485▼ $20,658
Accounts Payable and Accrued Expenses$60,956$49,328▼ $11,628
Escrow Account Liability$18,742$19,083▲ $341
Deferred Revenue$9,410$3,998▼ $5,412
Total Liabilities$1,014,251$976,894▼ $37,357
Net Assets / Fund Balance
Unrestricted Net Assets$330,117$257,581▼ $72,536
Total Net Assets Fund Balance$330,117$257,581▼ $72,536
Total Liabilities and Net Assets / Fund Balance$1,344,368$1,234,475▼ $109,893

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$901,024$54,807$955,831
Equipment$13,524$10,938$24,462
Compensation and Service Providers

Employees

NameTitleOtherTotal
Lisa L WaltersSecretary/tr$149,413$149,413
Sabrina D RichardsVice Preside$115,424$115,424

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
The Housing Authority Of Columbus GMgmt Services1000 WYNTON ROAD, Columbus, GA 31906$112,054
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$418,361
Investment Income
$1,319
Other Revenue
$1,457
Change in Net Assets
$-72,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$493,673
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$234,461--$234,461
Fees for Services Other$137,784--$137,784
Depreciation Depletion$33,661--$33,661
Fees for Services Management-$23,023-$23,023
Office Expenses$13,779--$13,779
Information Technology$12,090--$12,090
Insurance$5,265--$5,265
Travel$3,927--$3,927
Fees for Services Legal$3,469--$3,469
Advertising$2,988--$2,988
Other Expenses$2,848--$2,848
Fees for Services Accounting$1,677--$1,677
Total Functional Expenses$470,650$23,023$0$493,673
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
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The housing authority of columbus, georgia provides services to csg residential, inc. And charges certain management and maintenance fees for those services.

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

The return is provided to the comptroller of the columbus housing authority for review prior to being filed.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Csg Residential Inc
EIN
47-2000398
Phone
7065712800
Address
1000 WYNNTON ROAD, COLUMBUS, GA 31906

Signing Officer

Name
J Len Williams
Title
President
Phone
7065712800
Signed
2017-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Len Williams
Formed
2014
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Guyder Hurley Pc
Address
100 GRANDVIEW RD STE 320, BRAINTREE, MA 02184-2691
Preparer
J Thomas Hurley
Phone
6173766226
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The coproration is a nonprofit organization and is organized exclusively for charitable purposes, including, but not limited to, building and operating a multifamily rental housing project known as "gentian oaks apartments- and any other projects as the board of directors may determine to be in the corporation's best interests.

Form 990, Part IX, Line 11G

Management services 137,784 0 0

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The escrow account liability on part x line 21 consists of tenant security deposits which are held in a separate bank account. The deposits are refunded to the residents upon termination of the lease.

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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0419818
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0411000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0309000
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01319
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01528
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02847
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0419818
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0409877
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0829695
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01319
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01528
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02847
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0829695
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0419818
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0409877
IRS990ScheduleA/Total509Grp/TotalAmt0829695
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0421137
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0411405
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0832542
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0901024
IRS990ScheduleD/BuildingsGrp/DepreciationAmt054807
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0955831
IRS990ScheduleD/EquipmentGrp/BookValueAmt013524
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010938
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024462
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ESCROW ACCOUNT LIABILITY ON PART X LINE 21 CONSISTS OF TENANT SECURITY DEPOSITS WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE RESIDENTS UPON TERMINATION OF THE LEASE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0914548
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt015361
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0236139
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt031300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt012506
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0J LEN WILLIAMS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0295306
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE RELATED ORGANIZATION, THE HOUSING AUTHORITY OF COLUMBUS, GA, UTILIZES A WRITTEN EMPLOYMENT CONTRACT TO ESTABLISH COMPENSATION OF CEO/EXECUTIVE DIRECTOR.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COPRORATION IS A NONPROFIT ORGANIZATION AND IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING, BUT NOT LIMITED TO, BUILDING AND OPERATING A MULTIFAMILY RENTAL HOUSING PROJECT KNOWN AS "GENTIAN OAKS APARTMENTS- AND ANY OTHER PROJECTS AS THE BOARD OF DIRECTORS MAY DETERMINE TO BE IN THE CORPORATION'S BEST INTERESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE HOUSING AUTHORITY OF COLUMBUS, GEORGIA PROVIDES SERVICES TO CSG RESIDENTIAL, INC. AND CHARGES CERTAIN MANAGEMENT AND MAINTENANCE FEES FOR THOSE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN IS PROVIDED TO THE COMPTROLLER OF THE COLUMBUS HOUSING AUTHORITY FOR REVIEW PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT SERVICES 137,784 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HOUSING AUTHORITY OF COLUMBUS GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0586002906
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01000 WYNNTON ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0COLUMBUS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd031906
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01344368
IRS990/TotalAssetsEOYAmt01234475
IRS990/TotalAssetsGrp/BOYAmt01344368
IRS990/TotalAssetsGrp/EOYAmt01234475
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023023
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0470650
IRS990/TotalFunctionalExpensesGrp/TotalAmt0493673
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01014251
IRS990/TotalLiabilitiesEOYAmt0976894
IRS990/TotalLiabilitiesGrp/BOYAmt01014251
IRS990/TotalLiabilitiesGrp/EOYAmt0976894
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0330117
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0257581
IRS990/TotalOtherCompensationAmt0109230
IRS990/TotalProgramServiceExpensesAmt0470650
IRS990/TotalProgramServiceRevenueAmt0418361
IRS990/TotalRevenueGrp/ExclusionAmt01319
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0419818
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0421137
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01344368
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01234475
IRS990/TotReportableCompRltdOrgAmt0450913
IRS990/TravelGrp/ProgramServicesAmt03927
IRS990/TravelGrp/TotalAmt03927
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0330117

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