Civic Intelligence

Russell Development Company Inc.

990 • Fiscal year 2017 • EIN 47-5221522

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 05, 2018

Organization ProfileN/A
1450 N BroadwayLexington, KY 40505

(502) 992-9436

Siviq Scores

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

Liabilities / Assets

96th percentile

1.33x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

29.41x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

3rd percentile

-98%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

15th percentile

-5.2%

Faster asset growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-65%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$6,186,087

Down $341,030 (-5.2%) from 2016

Net Assets

Down

-$2,033,070

Down $273,976 (-16%) from 2016

Liabilities

Down

$8,219,157

Down $67,054 (-0.8%) from 2016

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin3rd percentile

Revenue

Down

$279,468

Down $513,004 (-65%) from 2016

Expenses

Down

$553,444

Down $1,055,736 (-66%) from 2016

Net Income

Up

-$273,976

Up $542,732 (+66%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$10M$5.0M$0-$5.0MAssets 2016: $6,527,117Liabilities 2016: $8,286,211Net Assets 2016: -$1,759,0942016Assets 2017: $6,186,087Liabilities 2017: $8,219,157Net Assets 2017: -$2,033,0702017Assets 2018: $5,928,337Liabilities 2018: $8,204,245Net Assets 2018: -$2,275,9082018Assets 2019: $5,719,566Liabilities 2019: $8,135,448Net Assets 2019: -$2,415,8822019Assets 2020: $5,574,806Liabilities 2020: $8,141,984Net Assets 2020: -$2,567,1782020Assets 2021: $5,412,164Liabilities 2021: $8,122,578Net Assets 2021: -$2,710,4142021Assets 2022: $5,277,601Liabilities 2022: $8,116,058Net Assets 2022: -$2,838,4572022Assets 2023: $7,476Liabilities 2023: $0Net Assets 2023: $7,4762023Assets 2024: $7,476Liabilities 2024: $0Net Assets 2024: $7,4762024

Highlighted filing

2017

Assets$6,186,087
Liabilities$8,219,157
Net Assets-$2,033,070
Open 2017 Filing

Operations Trend

Revenue Growth3rd percentile

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

$10M$5.0M$0-$5.0MRevenue 2016: $792,472Expenses 2016: $1,609,180Net Income 2016: -$816,7082016Revenue 2017: $279,468Expenses 2017: $553,444Net Income 2017: -$273,9762017Revenue 2018: $348,697Expenses 2018: $591,535Net Income 2018: -$242,8382018Revenue 2019: $391,900Expenses 2019: $531,874Net Income 2019: -$139,9742019Revenue 2020: $369,639Expenses 2020: $520,935Net Income 2020: -$151,2962020Revenue 2021: $311,912Expenses 2021: $455,148Net Income 2021: -$143,2362021Revenue 2022: $312,086Expenses 2022: $440,128Net Income 2022: -$128,0422022Revenue 2023: $7,728,356Expenses 2023: $4,882,424Net Income 2023: $2,845,9322023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2017

Revenue$279,468
Expenses$553,444
Net Income-$273,976
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 5, 2018
Return Version
2017v2.3
Gross Receipts
$311,718
Mission and Program Overview

Mission

To revitalize the russell neighborhood of louisville, ky through new home construction and rehabilitation, and expanding local food options by providing food entrepreneurs a kitchen incubator.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,733,148$3,470,947▼ $262,201
Other Notes and Loans Receivable, Net-$2,683,032-
Accounts Receivable$6,400$18,940▲ $12,540
Cash and Non-Interest-Bearing Accounts$2,786,311$12,630▼ $2,773,681
Prepaid Expenses and Deferred Charges$1,258$538▼ $720
Total Assets$6,527,117$6,186,087▼ $341,030
Liabilities
Unsecured Notes Loans Payable$7,875,980$7,871,159▼ $4,821
Accounts Payable and Accrued Expenses$387,906$338,548▼ $49,358
Other Liabilities$22,325$9,450▼ $12,875
Total Liabilities$8,286,211$8,219,157▼ $67,054
Net Assets / Fund Balance
Unrestricted Net Assets$-1,759,094$-2,033,070▼ $273,976
Total Net Assets Fund Balance$-1,759,094$-2,033,070▼ $273,976
Total Liabilities and Net Assets / Fund Balance$6,527,117$6,186,087▼ $341,030

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,662,142$304,667$2,966,809
Land$527,750-$527,750
Equipment$281,055$187,342$468,397
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Kevin SmithDirector
William MoodyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$10,286
Program Service Revenue
$285,307
Investment Income
$-16,125
Other Revenue
$0
All Other Contributions
$3,286
Change in Net Assets
$-273,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$553,444
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
Depreciation Depletion$235,739--$235,739
Interest$103,162--$103,162
Occupancy$72,108--$72,108
Insurance$16,475--$16,475
All Other Expenses$9,343--$9,343
Other Expenses$4,203--$4,203
Conferences and Meetings$1,031--$1,031
Travel$461--$461
Advertising$412--$412
Fees for Services Legal$75--$75
Office Expenses$7--$7
Total Functional Expenses$553,444$0$0$553,444
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
Rent Deposits$9,450
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Day to day management duties of the organization are performed by community ventures corporation.”

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

“Members of the organization's board review the form 990 before filing the form with appropriate authorities.”

Form 990, Page 6, Part VI, Line 19

“All governing documents are made available upon request to the organization.”

Filing and Contact Details

Filer

Filer Name
Russell Development Company Inc
EIN
47-5221522
Phone
5029929436
Address
1450 N BROADWAY, LEXINGTON, KY 40505

Signing Officer

Name
Kevin Smith
Title
Director
Phone
5029929436
Signed
2018-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Smith
Formed
2015
Legal Domicile
Ky
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Breeding Henderson & Hord Pllc
Address
1050 MONARCH ST STE 300, LEXINGTON, KY 40513-1877
Preparer
Charles W Hord Ii
Phone
8592780112
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0508A680F0A22F0C4B65B93C61535F04E9E3DFAAC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0508A680F0A22F0C4B65B93C61535F04E9E3DFAAC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.219.244.250
ReturnHeader/FilingSecurityInformation/IPDt02018-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:09:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0800874573
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BREEDING HENDERSON & HORD PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01050 MONARCH ST STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEXINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0405131877
ReturnHeader/PreparerPersonGrp/PhoneNum08592780112
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES W HORD II
ReturnHeader/ReturnTs02018-11-13T17:09:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,186,087
Liabilities
$8,219,157
Net assets
-$2,033,070
Revenue
$279,468
Expenses
$553,444
Net income
-$273,976
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.00$0.00$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.01$7.73$4.88$2.85
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.28$8.12$2.84$0.31$0.44$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.41$8.12$2.71$0.31$0.46$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.57$8.14$2.57$0.37$0.52$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.72$8.14$2.42$0.39$0.53$0.14
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.93$8.20$2.28$0.35$0.59$0.24
2017Detailed filing. Detailed filing data is available for this year.$6.19$8.22$2.03$0.28$0.55$0.27
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.53$8.29$1.76$0.79$1.61$0.82