Civic Intelligence

Vermont Seniors

990 • Fiscal year 2017 • EIN 51-0428852

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 31, 2018

904 Silver Spur 190Rolling Hills Estates, CA 90274

(310) 877-0346

Siviq Scores

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

Liabilities / Assets

97th percentile

1.35x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

52.59x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

2nd percentile

-165%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

21st percentile

-2.7%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

31st percentile

-0.9%

Faster revenue growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Flat

$23,527,126

Flat from 2017

Net Assets

Flat

-$8,168,993

Flat from 2017

Liabilities

Flat

$31,696,119

Flat from 2017

Revenue

Flat

$602,695

Flat from 2017

Expenses

Flat

$1,598,050

Flat from 2017

Net Income

Flat

-$995,355

Flat from 2017

Historical Trend

Balance Sheet Trend

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

$40M$20M$0-$20MAssets 2014: $25,524,636Liabilities 2014: $30,671,921Net Assets 2014: -$5,147,2852014Assets 2015: $24,855,739Liabilities 2015: $31,023,063Net Assets 2015: -$6,167,3242015Assets 2016: $24,170,975Liabilities 2016: $31,296,819Net Assets 2016: -$7,125,8442016Assets 2017: $23,527,126Liabilities 2017: $31,696,119Net Assets 2017: -$8,168,9932017Assets 2017: $23,527,126Liabilities 2017: $31,696,119Net Assets 2017: -$8,168,9932017Assets 2018: $23,257,899Liabilities 2018: $32,479,945Net Assets 2018: -$9,222,0462018

Highlighted filing

2017

Assets$23,527,126
Liabilities$31,696,119
Net Assets-$8,168,993

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2014: $603,813Expenses 2014: $1,642,460Net Income 2014: -$1,038,6472014Revenue 2015: $625,212Expenses 2015: $1,645,251Net Income 2015: -$1,020,0392015Revenue 2016: $607,906Expenses 2016: $1,615,392Net Income 2016: -$1,007,4862016Revenue 2017: $602,695Expenses 2017: $1,598,050Net Income 2017: -$995,3552017Revenue 2017: $602,695Expenses 2017: $1,598,050Net Income 2017: -$995,3552017Revenue 2018: $925,116Expenses 2018: $1,978,169Net Income 2018: -$1,053,0532018

Highlighted filing

2017

Revenue$602,695
Expenses$1,598,050
Net Income-$995,355
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 31, 2018
Return Version
2017v2.3
Gross Receipts
$602,695
Mission and Program Overview

Mission

The project's mission is to provide low-income elderly and handicapped persons with housing facilities and services.

Assist low-income elderly and handicapped persons in obtaining decent, safe & sanitary housing through a system of rental subsidies

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,067,408$23,449,573▼ $617,835
Loans From Officers Directors$438,859$516,695▲ $77,836
Cash and Non-Interest-Bearing Accounts$3,610$6,234▲ $2,624
Accounts Receivable$419$648▲ $229
Prepaid Expenses and Deferred Charges$939$245▼ $694
Total Assets$24,170,975$23,527,126▼ $643,849
Other Assets Total$98,599$70,426▼ $28,173
Liabilities
Mortgage Notes Payable Secured by Investment Property$27,598,417$27,620,705▲ $22,288
Other Liabilities$3,107,058$3,437,388▲ $330,330
Accounts Payable and Accrued Expenses$151,787$120,527▼ $31,260
Deferred Revenue$698$804▲ $106
Total Liabilities$31,296,819$31,696,119▲ $399,300
Net Assets / Fund Balance
Unrestricted Net Assets$-7,125,844$-8,168,993▼ $1,043,149
Total Net Assets Fund Balance$-7,125,844$-8,168,993▼ $1,043,149
Total Liabilities and Net Assets / Fund Balance$24,170,975$23,527,126▼ $643,849

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,036,489$5,429,046-
Other Land Buildings$43,803$90,095-
Land$2,369,281--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joe SweetPresident
Beverly AllenDirector
Billie WilsonDirector
Fannie BluntDirector
Shelby JordanDirector
Donzella JordanSecretary
Charles MooreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$163,778
Program Service Revenue
$438,848
Investment Income
$69
Other Revenue
$0
Change in Net Assets
$-995,355

Audited Revenue Reconciliation

Revenue per Audited Statements
$602,695
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$602,695
Total Revenue per Form 990
$602,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,401,897
Salaries, Compensation, and Employee Benefits$196,153
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$661,638--$661,638
Interest$328,697--$328,697
Other Salaries and Wages$146,644--$146,644
Fees for Services Management-$83,142-$83,142
Other Employee Benefits$35,290--$35,290
Office Expenses$29,456--$29,456
Insurance$28,617--$28,617
Occupancy$24,235--$24,235
Payroll Taxes$14,219--$14,219
Fees for Services Accounting-$10,000-$10,000
Fees for Services Legal$8,047--$8,047
Other Expenses$1,391--$1,391
Advertising$779--$779
Total Functional Expenses$1,504,908$93,142$0$1,598,050

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,598,050
Total Expenses per Audited Statements$1,598,050
Total Expenses per Form 990$1,598,050
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$438,859$516,695▲ $77,836
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$3,398,574
Tenant Security Deposits$38,814
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Shelby jordan and donzella jordan are married fannie blunt and beatrice gibson are sisters

Form 990, Part VI, Section A, Line 3

John stewart company handles all the bookkeeping and management of the entity. Management fees are calculated and paid in accordance with the requirements of chapter 3 of hud handbook 4381.5 rev-2 and the management agent's certification with hud.

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

A copy of the return is presented to the governing body for review prior to its filing with the internal revenue service.

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

The organization has consistent monitoring and enforcement. Contractors and vendors are required to disclose conflicts of interest.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request

Filing and Contact Details

Filer

Filer Name
Vermont Seniors
EIN
51-0428852
Phone
3108770346
Address
904 SILVER SPUR 190, ROLLING HILLS ESTATES, CA 90274

Signing Officer

Name
Shelby Jordan
Title
Secretary
Phone
3108770346
Signed
2018-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donzella Jordan
Formed
2003
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
1925 CENTURY PARK E FL 16, LOS ANGELES, CA 90067
Preparer
Carey Heyman
Phone
3102732501
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The project has evaluated its tax position and the certainty as to whether that tax position will be sustained in the event of an audit by taxing authorities at the federal and state levels. The primary tax position evaluated is related to the project's continued qualification as a tax-exempt organization and whether there is unrelated business income activities conducted that would be taxable. Management has determined that the income tax position is more likely than not (>50%) of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required.

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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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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0601707
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0607767
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0625212
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0603813
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0606655
IRS990ScheduleA/Total509Grp/TotalAmt03045154
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0601776
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0607906
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0625212
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0603813
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0606655
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03045362
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt021036489
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05429046
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt026465535
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01598050
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02369281
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02369281
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt043803
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt090095
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0133898
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038814
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13398574
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0602695
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT HAS EVALUATED ITS TAX POSITION AND THE CERTAINTY AS TO WHETHER THAT TAX POSITION WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITION EVALUATED IS RELATED TO THE PROJECT'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE IS UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT THE INCOME TAX POSITION IS MORE LIKELY THAN NOT (>50%) OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt01598050
IRS990ScheduleD/TotalLiabilityAmt03437388
IRS990ScheduleD/TotalRevenuePerForm990Amt0602695
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0602695
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01598050
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0516695
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0COMM RES & TALENT DEV
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0COVER CASH FLOW SHORTAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0438859
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt0516695
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHELBY JORDAN AND DONZELLA JORDAN ARE MARRIED FANNIE BLUNT AND BEATRICE GIBSON ARE SISTERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JOHN STEWART COMPANY HANDLES ALL THE BOOKKEEPING AND MANAGEMENT OF THE ENTITY. MANAGEMENT FEES ARE CALCULATED AND PAID IN ACCORDANCE WITH THE REQUIREMENTS OF CHAPTER 3 OF HUD HANDBOOK 4381.5 REV-2 AND THE MANAGEMENT AGENT'S CERTIFICATION WITH HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE RETURN IS PRESENTED TO THE GOVERNING BODY FOR REVIEW PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS CONSISTENT MONITORING AND ENFORCEMENT. CONTRACTORS AND VENDORS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0163778
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt093142
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01504908
IRS990/TotalFunctionalExpensesGrp/TotalAmt01598050
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031296819
IRS990/TotalLiabilitiesEOYAmt031696119
IRS990/TotalLiabilitiesGrp/BOYAmt031296819
IRS990/TotalLiabilitiesGrp/EOYAmt031696119
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-7125844
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-8168993
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0919
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0919
IRS990/TotalProgramServiceExpensesAmt01504908
IRS990/TotalProgramServiceRevenueAmt0438848
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt069
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0438848
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0602695
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024170975
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023527126
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-7125844
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-8168993
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0904 SILVER SPUR 190
IRS990/USAddress/CityNm0ROLLING HILLS ESTATES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090274
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHELBY JORDAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum03108770346
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERMONT SENIORS
ReturnHeader/Filer/BusinessNameControlTxt0VERM
ReturnHeader/Filer/EIN0510428852
ReturnHeader/Filer/PhoneNum03108770346
ReturnHeader/Filer/USAddress/AddressLine1Txt0904 SILVER SPUR 190
ReturnHeader/Filer/USAddress/CityNm0ROLLING HILLS ESTATES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA

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