Civic Intelligence

City Vision Inc

990 • Fiscal year 2014 • EIN 48-1123337

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

726 Armstrong AvenueSuiteKansas City, KS 66101

(913) 371-5200

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.60x

Higher debt load relative to assets than 82% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

90th percentile

2.34x

Higher debt load relative to revenue than 90% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

22nd percentile

-8.5%

Higher net margin than 22% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

73rd percentile

$107,406

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

13th percentile

-9.1%

Faster asset growth than 13% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

35th percentile

-1.2%

Faster revenue growth than 35% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$4,627,726

Down $464,104 (-9.1%) from 2013

Net Assets

Down

$1,852,192

Down $104,092 (-5.3%) from 2013

Liabilities

Down

$2,775,534

Down $360,012 (-11%) from 2013

Revenue

Down

$1,187,220

Down $14,375 (-1.2%) from 2013

Expenses

Down

$1,288,099

Down $491,092 (-28%) from 2013

Net Income

Up

-$100,879

Up $476,717 (+83%) from 2013

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,217,335Liabilities 2011: $3,371,456Net Assets 2011: $2,845,8792011Assets 2012: $5,637,119Liabilities 2012: $3,096,524Net Assets 2012: $2,540,5952012Assets 2013: $5,091,830Liabilities 2013: $3,135,546Net Assets 2013: $1,956,2842013Assets 2014: $4,627,726Liabilities 2014: $2,775,534Net Assets 2014: $1,852,1922014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2014

Assets$4,627,726
Liabilities$2,775,534
Net Assets$1,852,192

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,351,158Expenses 2011: $2,967,726Net Income 2011: -$616,5682011Expenses 2012: $1,581,1722012Revenue 2013: $1,201,595Expenses 2013: $1,779,191Net Income 2013: -$577,5962013Revenue 2014: $1,187,220Expenses 2014: $1,288,099Net Income 2014: -$100,8792014Revenue 2015: $173,527Expenses 2015: $197,738Net Income 2015: -$24,2112015

Highlighted filing

2014

Revenue$1,187,220
Expenses$1,288,099
Net Income-$100,879
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$1,509,866
Mission and Program Overview

Mission

To lead and promote comprehensive and sustainable economic vitality in targeted urban neighborhoods and commercial corridors in kansas city, kansas, wyandotte county.

Affordable housing/urban neighborhood revitalization

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,183,681$4,048,826▼ $134,855
Investments in Publicly Traded Securities$246,519$0▼ $246,519
Other Notes and Loans Receivable, Net$215,198$223,765▲ $8,567
Savings and Temporary Cash Investments$40,694$187,418▲ $146,724
Pledges and Grants Receivable$38,464$0▼ $38,464
Cash and Non-Interest-Bearing Accounts$235,638$36,434▼ $199,204
Prepaid Expenses and Deferred Charges$27,422$28,200▲ $778
Accounts Receivable$1,113$0▼ $1,113
Investments Other Securities$518$500▼ $18
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,091,830$4,627,726▼ $464,104
Other Assets Total$102,583$102,583→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,844,192$2,653,752▼ $190,440
Other Liabilities$67,289$67,290▲ $1
Deferred Revenue$19,255$31,923▲ $12,668
Accounts Payable and Accrued Expenses$204,810$22,569▼ $182,241
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,135,546$2,775,534▼ $360,012
Net Assets / Fund Balance
Unrestricted Net Assets$1,886,792$1,852,192▼ $34,600
Temporarily Rstr Net Assets$69,492$0▼ $69,492
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,956,284$1,852,192▼ $104,092
Total Liabilities and Net Assets / Fund Balance$5,091,830$4,627,726▼ $464,104

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,220,986$1,048,280$4,269,266
Land$827,840-$48,750
Equipment$0$45,629$45,629
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John HarveyExecutive Director & PresidentFT$100,437$6,969$107,406
Jonathan BirkelVice President of Re Dev.FT$66,418$5,891$72,309
Edward LinneburDirectorFT$57,597$2,246$59,843

Board Members and Trustees

NameTitle
Carol Martin TracyDirector/chairman
Parker YoungDirector/vice Chair
Alicia HooksDirector
Barry HartDirector
Benjamin HoffmanDirector
Gloria WillisDirector
Karen HostettlerDirector
Kim EichlerDirector
Mary GonzalezDirector
Chiquita MillerDirector/secretary
Larry WilkusDirector/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bickimer ConstructionContractor-$295,355
International ConstructionRemodeling-$142,267
Revenue and Support

Revenue Composition

Contributions and Grants
$244,182
Program Service Revenue
$834,142
Investment Income
$-65,518
Other Revenue
$174,414
All Other Contributions
$13,025
Change in Net Assets
$-100,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$970,544
Salaries, Compensation, and Employee Benefits$317,555
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$328,133$97-$328,133
Current Officers, Directors, Trustees, and Key Employees$111,071$128,485-$239,556
Depreciation Depletion-$170,890-$170,890
Interest$153,763--$153,763
Occupancy$95,736--$95,736
All Other Expenses$38,555$30,441-$68,996
Other Salaries and Wages$22,028$24,206-$46,234
Payroll Taxes$10,831$12,887-$23,718
Fees for Services Accounting-$15,209-$15,209
Office Expenses$2,832$12,096-$14,928
Insurance$14,211--$14,211
Other Employee Benefits$2,202$5,845-$8,047
Fees for Services Other$5,196$277-$5,473
Travel-$979-$979
Conferences and Meetings-$800-$800
Total Functional Expenses$885,887$402,212$0$1,288,099
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Deposits$67,290
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

990, Part VI, Section A, Line 6

Wyandot, inc., a kansas nonprofit corporation, is the sole member of city vision, inc. Wyandot, inc. Is designated as the sole member so long as wyandot, inc. Shall continue to qualify as a tax exempt, nonprofit entity recognized under section 501(c)(3) of the irc. Wyandot, inc. Has the right to elect the members of city vision, inc.'s governing body. Wyandot, inc. Has the reserved power to approve significant decisions of city vision, inc.'s governing body. Wyandot, inc. Is not entitled to receive a share of city vision, inc.'s profits, excess dues or a share of city vision, inc.'s net assets upon dissolution.

Form 990, Part VI, Section A, Line 7A

Wyandot inc, being the sole member of city vision, inc., has the right to elect all the board of directors.

Form 990, Part VI, Section A, Line 7B

City vision, inc.'s bylaws vest substantial decision-making authority in the company's board of directors (sec 3.01 of the bylaws). Because the sole member possesses the right to appoint the company's directors, it retains what amounts to an indirect control of or approval of the governing body's decisions. However, the board may directly act without the approval of the sole member.

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

An independent accounting firm prepares and reviews the 990. City vision's executive director and executive committee then review the 990 and address any corrections or clarifications that need to be made. The final 990 with all required schedules is then provided to all votng members of the board prior to filing the 990.

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

At the time of hire or election (in the case of directors) and annually thereafter, the officers, directors and key employees shall provide the applicable conflict of interest disclosures which shall be completed to identify any relationships, positions, or circumstances in which it is believed a conflict may arise. If a conflict arises, the officer, director or key employee abstains from the vote of the conflicted position. Annual monitoring and review procedures shall be part of the organization's compliance plan. An appropriate report shall be submitted to the board concerning any interest disclosed.

Form 990, Part VI, Section B, Lines 15A & B

The salaries and reviews are determined by the board of directors. The organization has a salary schedule that was developed by the board; however the board must also approve the annual budget

Form 990, Part VI, Section C, Line 19

City vision, inc. Makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

EIN
48-1123337
In Care Of
% CATHRYN CARTER
Phone
9133715200

Signing Officer

Name
Cathryn Carter
Title
CFO
Phone
9133715200
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Harvey
Formed
1992
Legal Domicile
Ks
Voting Board Members
10
Independent Board Members
10
Employees
4
Volunteers
10

Preparer

Preparer
Michael J Engle
Phone
9133715200
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

Management has evaluated their income tax postions under the guidance included in asc 740. Based on ther review, management has not identified any material uncertain tax postions to be recorded or disclosed in the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR & PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT OF RE DEV.
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/MissionDesc0TO LEAD AND PROMOTE COMPREHENSIVE AND SUSTAINABLE ECONOMIC VITALITY IN TARGETED URBAN NEIGHBORHOODS AND COMMERCIAL CORRIDORS IN KANSAS CITY, KANSAS, WYANDOTTE COUNTY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY SERVICES- PROVIDED ASSISTANCE FOR NEIGHBORHOOD ACTION PLANNING, LEADERSHIP TRAINING, AND GRANTS AND LOANS FOR HOME IMPROVEMENTS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0COMMERCIAL DEVELOPMENT- DEVELOPS NEIGHBORHOOD URBAN BASED RETAIL AND COMMERCIAL SPACES AS PART OF MIXED USE RESIDENTIAL DEVELOPMENTS. PROVIDED LOANS FOR SMALL BUSINESSES, FOR FAADE IMPROVEMENTS, AND FOR DOWNTOWN MURAL ARTS PROGRAMS.
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