Civic Intelligence

City Vision Inc

990 • Fiscal year 2015 • EIN 48-1123337

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

757 Armstrong AvenueKansas City, KS 66101

(913) 233-3300

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

17th percentile

-14%

Higher net margin than 17% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-85%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$0

Down $4,627,726 (-100%) from 2014

Net Assets

Down

$0

Down $1,852,192 (-100%) from 2014

Liabilities

Down

$0

Down $2,775,534 (-100%) from 2014

Revenue

Down

$173,527

Down $1,013,693 (-85%) from 2014

Expenses

Down

$197,738

Down $1,090,361 (-85%) from 2014

Net Income

Up

-$24,211

Up $76,668 (+76%) from 2014

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

2015

Assets$0
Liabilities$0
Net Assets$0

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

2015

Revenue$173,527
Expenses$197,738
Net Income-$24,211
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$728,322
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$2,575,705--
Savings and Temporary Cash Investments$187,418$0▼ $187,418
Cash and Non-Interest-Bearing Accounts$36,434$0▼ $36,434
Prepaid Expenses and Deferred Charges$28,154$0▼ $28,154
Investments Other Securities$500$0▼ $500
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$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$2,834,388$0▼ $2,834,388
Other Assets Total$6,177$0▼ $6,177
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,653,752$0▼ $2,653,752
Accounts Payable and Accrued Expenses$124,502$0▼ $124,502
Deferred Revenue$31,923$0▼ $31,923
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,810,177$0▼ $2,810,177
Net Assets / Fund Balance
Unrestricted Net Assets$24,211$0▼ $24,211
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$24,211$0▼ $24,211
Total Liabilities and Net Assets / Fund Balance$2,834,388$0▼ $2,834,388
Compensation and Service Providers

Board Members and Trustees

NameTitle
Parker YoungBoard Past Chair
Carol Martin TracyDirector/chairman
Alicia HooksDirector/vice Chair
Gloria WillisBoard Member
Jim PerkinsBoard Member
Karen HostetlerBoard Member
Kim EichlerBoard Member
Mary GonzalesBoard Member
Chiquita MillerDirector/secretary
Larry WilkusDirector/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,407
Program Service Revenue
$220,421
Investment Income
$-84,332
Other Revenue
$29,031
All Other Contributions
$496
Change in Net Assets
$-24,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$196,230
Salaries, Compensation, and Employee Benefits$1,508
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$107,082--$107,082
Fees for Services Other$20,363$6,788$0$27,151
Interest$19,686--$19,686
Office Expenses$7,370$2,457-$9,827
Fees for Services Accounting-$8,826-$8,826
Insurance$2,064--$2,064
Other Employee Benefits$756$252-$1,008
Other Expenses$708$4,466-$708
Other Salaries and Wages$375$125-$500
Total Functional Expenses$174,824$22,914$0$197,738
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 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. Personnel from wyandot, inc. 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

Filer Name
City Vision Inc
EIN
48-1123337
In Care Of
% RANDY CALLSTROM
Phone
9132333300
Address
757 ARMSTRONG AVENUE, KANSAS CITY, KS 66101

Signing Officer

Name
Randy Callstrom
Title
Chief Executive Officer
Phone
9133715200
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Martin Tracy
Formed
1992
Legal Domicile
Ks
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
10

Preparer

Firm
Bkd Llp
Address
1201 Walnut Suite 1700, Kansas City, MO 64106-2246
Preparer
Michael J Engle
Phone
8162216300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

City vision dissolved per resolution of its board of directors and disposed of all its assets.

Form 990 Part IX Line 11G

Description:consulting fees total fees:27151

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IRS990/OtherExpensesGrp/Desc2_
IRS990/OtherExpensesGrp/Desc3_
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0REAL ESTATE

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