Civic Intelligence

South Pointe Phase III Inc.

990 • Fiscal year 2021 • EIN 51-0539364

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 20, 2021

Organization Profile
300 Harrison StreetMonroe, LA 71201

(318) 388-1500

Siviq Scores

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

Liabilities / Assets

96th percentile

1.35x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

23.76x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

4th percentile

-68%

Higher net margin than 4% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

17th percentile

-3.2%

Faster asset growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

0.8%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$2,342,098

Down $77,864 (-3.2%) from 2020

Net Assets

Down

-$813,175

Down $90,112 (-12%) from 2020

Liabilities

Up

$3,155,273

Up $12,248 (+0.4%) from 2020

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin4th percentile

Revenue

Up

$132,792

Up $1,075 (+0.8%) from 2020

Expenses

Down

$222,904

Down $8,169 (-3.5%) from 2020

Net Income

Up

-$90,112

Up $9,244 (+9.3%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $3,209,756Liabilities 2011: $3,195,451Net Assets 2011: $14,3052011Assets 2012: $3,066,010Liabilities 2012: $3,106,304Net Assets 2012: -$40,2942012Assets 2013: $2,992,227Liabilities 2013: $3,109,157Net Assets 2013: -$116,9302013Assets 2014: $2,912,822Liabilities 2014: $3,110,112Net Assets 2014: -$197,2902014Assets 2015: $2,832,719Liabilities 2015: $3,112,766Net Assets 2015: -$280,0472015Assets 2016: $2,749,612Liabilities 2016: $3,120,750Net Assets 2016: -$371,1382016Assets 2017: $2,669,464Liabilities 2017: $3,117,848Net Assets 2017: -$448,3842017Assets 2018: $2,603,045Liabilities 2018: $3,139,574Net Assets 2018: -$536,5292018Assets 2019: $2,508,492Liabilities 2019: $3,132,199Net Assets 2019: -$623,7072019Assets 2020: $2,419,962Liabilities 2020: $3,143,025Net Assets 2020: -$723,0632020Assets 2021: $2,342,098Liabilities 2021: $3,155,273Net Assets 2021: -$813,1752021Assets 2022: $2,210,284Liabilities 2022: $3,171,693Net Assets 2022: -$961,4092022Assets 2023: $2,123,454Liabilities 2023: $3,203,823Net Assets 2023: -$1,080,3692023Assets 2024: $1,989,992Liabilities 2024: $3,201,597Net Assets 2024: -$1,211,6052024Assets 2025: $1,890,105Liabilities 2025: $3,210,909Net Assets 2025: -$1,320,8042025

Highlighted filing

2021

Assets$2,342,098
Liabilities$3,155,273
Net Assets-$813,175
Open 2021 Filing

Operations Trend

Revenue Growth33rd percentile

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

$400K$200K$0-$200KRevenue 2011: $135,471Expenses 2011: $177,534Net Income 2011: -$42,0632011Revenue 2012: $144,423Expenses 2012: $199,022Net Income 2012: -$54,5992012Revenue 2013: $135,748Expenses 2013: $212,384Net Income 2013: -$76,6362013Revenue 2014: $133,392Expenses 2014: $213,752Net Income 2014: -$80,3602014Revenue 2015: $133,314Expenses 2015: $216,071Net Income 2015: -$82,7572015Revenue 2016: $133,501Expenses 2016: $224,592Net Income 2016: -$91,0912016Revenue 2017: $131,249Expenses 2017: $208,495Net Income 2017: -$77,2462017Revenue 2018: $136,374Expenses 2018: $224,519Net Income 2018: -$88,1452018Revenue 2019: $132,707Expenses 2019: $219,885Net Income 2019: -$87,1782019Revenue 2020: $131,717Expenses 2020: $231,073Net Income 2020: -$99,3562020Revenue 2021: $132,792Expenses 2021: $222,904Net Income 2021: -$90,1122021Revenue 2022: $131,164Expenses 2022: $279,398Net Income 2022: -$148,2342022Revenue 2023: $173,450Expenses 2023: $292,410Net Income 2023: -$118,9602023Revenue 2024: $197,949Expenses 2024: $329,185Net Income 2024: -$131,2362024Revenue 2025: $197,227Expenses 2025: $306,427Net Income 2025: -$109,2002025

Highlighted filing

2021

Revenue$132,792
Expenses$222,904
Net Income-$90,112
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 20, 2021
Return Version
2020v4.0
Gross Receipts
$132,792
Mission and Program Overview

Mission

To provide affordable housing to the elderly and/or disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,175,888$2,086,766▼ $89,122
Savings and Temporary Cash Investments$227,146$237,619▲ $10,473
Cash and Non-Interest-Bearing Accounts$11,903$11,475▼ $428
Prepaid Expenses and Deferred Charges$5,025$6,238▲ $1,213
Total Assets$2,419,962$2,342,098▼ $77,864
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,097,300$3,097,300→ $0
Other Liabilities$43,243$49,258▲ $6,015
Accounts Payable and Accrued Expenses$2,427$8,660▲ $6,233
Deferred Revenue$55$55→ $0
Total Liabilities$3,143,025$3,155,273▲ $12,248
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-723,063$-813,175▼ $90,112
Total Net Assets Fund Balance$-723,063$-813,175▼ $90,112
Total Liabilities and Net Assets / Fund Balance$2,419,962$2,342,098▼ $77,864

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,834,701$718,143$2,552,844
Leasehold Improvements$210,459$342,654$553,113
Land$37,190-$37,190
Equipment$4,416$23,879$28,295
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Joe FarrPresident
Gladys SmithBoard Member
Hal HinchcliffeBoard Member
Isaiah WoodsBoard Member
Patricia GixBoard Member
Sharon TaylorBoard Member
William SmartExecutive Di
Cheryl FarmerSecretary/tr
Lynda McgeheeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$131,496
Investment Income
$126
Other Revenue
$1,170
Change in Net Assets
$-90,112

Audited Revenue Reconciliation

Revenue per Audited Statements
$132,792
Total Revenue per Audited Statements
$132,792
Total Revenue per Form 990
$132,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$178,072
Salaries, Compensation, and Employee Benefits$44,832
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$89,123--$89,123
Other Salaries and Wages$32,209--$32,209
Occupancy$25,216--$25,216
Other Employee Benefits$6,911--$6,911
Fees for Services Accounting-$6,469-$6,469
Pension Plan Contributions$3,336--$3,336
Payroll Taxes$2,376--$2,376
All Other Expenses$2,265--$2,265
Other Expenses$2,172$15,811-$2,172
Fees for Services Legal$877--$877
Advertising$278--$278
Total Functional Expenses$200,624$22,280$0$222,904

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$222,904
Total Expenses per Audited Statements$222,904
Total Expenses per Form 990$222,904
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
Due to General Fund$32,304
Tenant Security Deposits$9,049
Due to South Pointe Ii$7,905
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Officers review the form 990 prior to filing with the irs.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
South Pointe Phase Iii Inc
EIN
51-0539364
Phone
3183881500
Address
300 HARRISON STREET, MONROE, LA 71201

Signing Officer

Name
Cheryl Farmer
Title
Secretary/treasurer
Phone
3183871500
Signed
2021-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Farr
Formed
2005
Legal Domicile
La
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Little & Associates
Address
805 N 31ST ST, MONROE, LA 71201
Preparer
Angela J Bryan CPA
Phone
3183619600
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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/PublicSupportCY509Pct00.99920
IRS990ScheduleA/PublicSupportPY509Pct00.99920
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IRS990ScheduleD/BuildingsGrp/BookValueAmt01834701
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0718143
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02552844
IRS990ScheduleD/EquipmentGrp/BookValueAmt04416
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023879
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028295
IRS990ScheduleD/ExpensesSubtotalAmt0222904
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt037190
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0210459
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0342654
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0553113
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032304
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19049
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt27905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO GENERAL FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO SOUTH POINTE II
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt02086766
IRS990ScheduleD/TotalExpensesPerForm990Amt0222904
IRS990ScheduleD/TotalLiabilityAmt049258
IRS990ScheduleD/TotalRevenuePerForm990Amt0132792
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0132792
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS REVIEW THE FORM 990 PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt02342098
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IRS990/TotalEmployeeCnt00
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03143025
IRS990/TotalLiabilitiesEOYAmt03155273
IRS990/TotalLiabilitiesGrp/BOYAmt03143025
IRS990/TotalLiabilitiesGrp/EOYAmt03155273
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-723063
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IRS990/TotalProgramServiceRevenueAmt0131496
IRS990/TotalRevenueGrp/ExclusionAmt0126
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0132666
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0132792
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02342098
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 2110
IRS990/USAddress/CityNm0MONROE
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071207
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHERYL FARMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03183871500
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH POINTE PHASE III INC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0510539364
ReturnHeader/Filer/PhoneNum03183881500
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 HARRISON STREET
ReturnHeader/Filer/USAddress/CityNm0MONROE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0805 N 31ST ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONROE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071201
ReturnHeader/PreparerPersonGrp/PhoneNum03183619600
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANGELA J BRYAN CPA
ReturnHeader/ReturnTs02021-11-11T14:05:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHERYL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FARMER
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,342,098
Liabilities
$3,155,273
Net assets
-$813,175
Revenue
$132,792
Expenses
$222,904
Net income
-$90,112
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.89$3.21$1.32$0.20$0.31$0.11
2024Detailed filing. Detailed filing data is available for this year.$1.99$3.20$1.21$0.20$0.33$0.13
2023Detailed filing. Detailed filing data is available for this year.$2.12$3.20$1.08$0.17$0.29$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.21$3.17$0.96$0.13$0.28$0.15
2021Detailed filing. Detailed filing data is available for this year.$2.34$3.16$0.81$0.13$0.22$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.42$3.14$0.72$0.13$0.23$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.51$3.13$0.62$0.13$0.22$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.60$3.14$0.54$0.14$0.22$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.67$3.12$0.45$0.13$0.21$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.75$3.12$0.37$0.13$0.22$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.83$3.11$0.28$0.13$0.22$0.08
2014Summary only. Only limited summary data is available for this year.$2.91$3.11$0.20$0.13$0.21$0.08
2013Summary only. Only limited summary data is available for this year.$2.99$3.11$0.12$0.14$0.21$0.08
2012Summary only. Only limited summary data is available for this year.$3.07$3.11$0.04$0.14$0.20$0.05
2011Summary only. Only limited summary data is available for this year.$3.21$3.20$0.01$0.14$0.18$0.04