Civic Intelligence

Smyrna Towers Inc

990 • Fiscal year 2014 • EIN 58-1331545

Oct 01, 2013 to Sep 30, 2014 • Filed on Jul 22, 2015

Organization ProfileN/A

View Organization Page

154 Clayroot Road30132

(770) 435-4010

Siviq Scores

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

Liabilities / Assets

79th percentile

0.51x

Higher debt load relative to assets than 79% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

0.90x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

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

Top Officer Pay

80th percentile

$129,621

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

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

Asset Growth

54th percentile

3.1%

Faster asset growth than 54% of similar nonprofits.

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

Revenue Growth

46th percentile

2.2%

Faster revenue growth than 46% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2014

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$3,425,656

Up $102,248 (+3.1%) from 2013

Net Assets

Up

$1,683,173

Up $276,755 (+20%) from 2013

Liabilities

Down

$1,742,483

Down $174,507 (-9.1%) from 2013

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin75th percentile

Revenue

$1,930,808

No earlier filing loaded for comparison.

Expenses

Down

$1,625,957

Down $66,298 (-3.9%) from 2013

Net Income

$304,851

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,146,925Liabilities 2010: $2,342,176Net Assets 2010: $804,7492010Assets 2011: $3,283,513Liabilities 2011: $2,251,146Net Assets 2011: $1,032,3672011Assets 2012: $3,378,928Liabilities 2012: $2,090,494Net Assets 2012: $1,288,4342012Assets 2013: $3,323,408Liabilities 2013: $1,916,990Net Assets 2013: $1,406,4182013Assets 2014: $3,425,656Liabilities 2014: $1,742,483Net Assets 2014: $1,683,1732014Assets 2015: $2,175,285Liabilities 2015: $0Net Assets 2015: $2,175,2852015Assets 2016: $1,114,058Liabilities 2016: $0Net Assets 2016: $1,114,0582016Assets 2017: $1,112,351Liabilities 2017: $0Net Assets 2017: $1,112,3512017Assets 2018: $71,915Liabilities 2018: $0Net Assets 2018: $71,9152018Assets 2019: $71,915Liabilities 2019: $0Net Assets 2019: $71,9152019Assets 2020: $67,623Liabilities 2020: $0Net Assets 2020: $67,6232020Assets 2021: $61,870Liabilities 2021: $0Net Assets 2021: $61,8702021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2014

Assets$3,425,656
Liabilities$1,742,483
Net Assets$1,683,173
Open 2014 Filing

Operations Trend

Revenue Growth46th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,712,9432010Expenses 2011: $1,601,8282011Revenue 2012: $1,847,560Expenses 2012: $1,589,543Net Income 2012: $258,0172012Expenses 2013: $1,692,2552013Revenue 2014: $1,930,808Expenses 2014: $1,625,957Net Income 2014: $304,8512014Revenue 2015: $8,647,862Expenses 2015: $8,150,195Net Income 2015: $497,6672015Revenue 2016: $25,422Expenses 2016: $1,086,649Net Income 2016: -$1,061,2272016Revenue 2017: $0Expenses 2017: $1,707Net Income 2017: -$1,7072017Revenue 2018: $0Expenses 2018: $837,896Net Income 2018: -$837,8962018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $4,292Net Income 2020: -$4,2922020Revenue 2021: $0Expenses 2021: $5,753Net Income 2021: -$5,7532021Revenue 2022: $0Expenses 2022: $61,870Net Income 2022: -$61,8702022

Highlighted filing

2014

Revenue$1,930,808
Expenses$1,625,957
Net Income$304,851
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Jul 22, 2015
Return Version
2013v4.0
Gross Receipts
$1,930,808
Mission and Program Overview

Mission

The mission of smyrna towers, inc. Is to provide affordable housing for low-income, elderly individuals.

To provide housing for low income, elderly individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,466,384$1,613,457▲ $147,073
Investments in Publicly Traded Securities$1,401,924$1,125,204▼ $276,720
Savings and Temporary Cash Investments$435,500$665,733▲ $230,233
Prepaid Expenses and Deferred Charges$16,929$16,074▼ $855
Total Assets$3,323,408$3,425,656▲ $102,248
Other Assets Total$2,671$5,188▲ $2,517
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,681,506$1,481,819▼ $199,687
Accounts Payable and Accrued Expenses$178,407$205,735▲ $27,328
Other Liabilities$57,077$54,929▼ $2,148
Total Liabilities$1,916,990$1,742,483▼ $174,507
Net Assets / Fund Balance
Unrestricted Net Assets$1,406,418$1,683,173▲ $276,755
Total Net Assets Fund Balance$1,406,418$1,683,173▲ $276,755
Total Liabilities and Net Assets / Fund Balance$3,323,408$3,425,656▲ $102,248

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,109,214$3,802,897$4,912,111
Equipment$398,243$416,216$814,459
Land$106,000-$106,000
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larry LuceExecutive DirectorFT$115,338$14,283$129,621

Board Members and Trustees

NameTitle
Terry LeardChairman
Steve FehlenbergVice Chairman
Ben WheatleyDirector
Bob DeforestDirector
Bobby Sue WohlersDirector
Ed WrightDirector
Harold BrownDirector
Kurt AllenDirector
Larry PayneSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,851,812
Investment Income
$67,088
Other Revenue
$11,908
Change in Net Assets
$304,851

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,930,808
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,930,808
Total Revenue per Form 990
$1,930,808
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$866,911
Salaries, Compensation, and Employee Benefits$759,046
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$505,006--$505,006
Other Salaries and Wages$264,424$141,169-$405,593
Depreciation Depletion$190,705--$190,705
Pension Plan Contributions$73,590$64,410-$138,000
Current Officers, Directors, Trustees, and Key Employees$12,584$113,255-$125,839
Insurance$42,631$7,259-$49,890
Payroll Taxes$24,159$21,145-$45,304
Other Employee Benefits$30,012$14,298-$44,310
Office Expenses-$33,989-$33,989
Fees for Services Other$11,177$18,416-$29,593
Fees for Services Accounting-$13,345-$13,345
Other Expenses$5,285$5,485-$5,285
All Other Expenses$1,893$3,240-$5,133
Fees for Services Legal-$1,000-$1,000
Advertising-$25-$25
Total Functional Expenses$1,180,275$445,682$0$1,625,957

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,654,053
Expenses per Audited Statements$1,625,957
Total Expenses per Form 990$1,625,957
Expenses Not Reported on Form 990$28,096
Expenses Not Reported on Financial Statements$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$46,439
Accrued Interest$8,490
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Form 990 is reviewed by the board chairman prior to filing.”

Form 990, Part VI, Section C, Line 19

“Smyrna towers, inc's governing documnets, conflict of interest statement and financial statemets are maintained at the corporate offices and are available upon request to be reviewed by the public.”

Filing and Contact Details

Filer

EIN
58-1331545
Phone
7704354010

Signing Officer

Name
Terry Leard
Title
Chairman
Phone
7704354010
Signed
2015-07-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Leard
Formed
1978
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
9
Employees
12
Volunteers
9

Preparer

Preparer
Mary Jo Alexander
Phone
7709558600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There have been no changes in the procedures for auditor selection or for review of audited financial statements.”

Financial Statement Notes

PART X, LINE 2:

“There were no uncertain tax positions under fin 48 reported on the financial statements for this organization.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Unrealized loss on investments”

Raw XML AppendixShowing 400 of 466 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0178407
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0205735
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HOUSING FOR LOW INCOME, ELDERLY INDIVIDUALS.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ManagementAndGeneralAmt025
IRS990/AdvertisingGrp/TotalAmt025
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03240
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01893
IRS990/AllOtherExpensesGrp/TotalAmt05133
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10SMYRNA TOWERS INC
IRS990/BooksInCareOfDetail/PhoneNum07704354010
IRS990/BooksInCareOfDetail/USAddress/AddressLine104000 S COBB DRIVE
IRS990/BooksInCareOfDetail/USAddress/City0SMYRNA
IRS990/BooksInCareOfDetail/USAddress/State0GA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode030080
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0113255
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt012584
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0125839
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt067088
IRS990/CYOtherExpensesAmt0866911
IRS990/CYOtherRevenueAmt011908
IRS990/CYProgramServiceRevenueAmt01851812
IRS990/CYRevenuesLessExpensesAmt0304851
IRS990/CYSalariesCompEmpBnftPaidAmt0759046
IRS990/CYTotalExpensesAmt01625957
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01930808
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0190705
IRS990/DepreciationDepletionGrp/TotalAmt0190705
IRS990/Desc0SMYRNA TOWERS, INC BENEFITS 150 LOW-INCOME, ELDERLY INDIVIDUALS BY PROVIDING AFFORDABLE HOUSING SUBSIDIZED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt012
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01180275
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013345
IRS990/FeesForServicesAccountingGrp/TotalAmt013345
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01000
IRS990/FeesForServicesLegalGrp/TotalAmt01000
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt018416
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt011177
IRS990/FeesForServicesOtherGrp/TotalAmt029593
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt914283
IRS990/Form990PartVIISectionAGrp/PersonNm0ED WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm1TERRY LEARD
IRS990/Form990PartVIISectionAGrp/PersonNm2BEN WHEATLEY
IRS990/Form990PartVIISectionAGrp/PersonNm3BOB DEFOREST
IRS990/Form990PartVIISectionAGrp/PersonNm4HAROLD BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm5KURT ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm6BOBBY SUE WOHLERS
IRS990/Form990PartVIISectionAGrp/PersonNm7STEVE FEHLENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm8LARRY PAYNE
IRS990/Form990PartVIISectionAGrp/PersonNm9LARRY LUCE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9115338
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01930808
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt07259
IRS990/InsuranceGrp/ProgramServicesAmt042631
IRS990/InsuranceGrp/TotalAmt049890
IRS990/InvestmentIncomeGrp/ExclusionAmt067088
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt067088
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01401924
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01125204
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04219113
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01466384
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01613457
IRS990/LandBldgEquipCostOrOtherBssAmt05832570
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt09561
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt09561
IRS990/MissionDesc0THE MISSION OF SMYRNA TOWERS, INC. IS TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME, ELDERLY INDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01681506
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01481819
IRS990/NetAssetsOrFundBalancesBOYAmt01406418
IRS990/NetAssetsOrFundBalancesEOYAmt01683173
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-28096
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0505006
IRS990/OccupancyGrp/TotalAmt0505006
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt033989
IRS990/OfficeExpensesGrp/TotalAmt033989
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02671
IRS990/OtherAssetsTotalGrp/EOYAmt05188
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt014298
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt030012
IRS990/OtherEmployeeBenefitsGrp/TotalAmt044310
IRS990/OtherExpensesGrp/Desc0RESIDENT BETTERMENT
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE EXPENSES
IRS990/OtherExpensesGrp/Desc2LEASED EQUIPMENT
IRS990/OtherExpensesGrp/Desc3HOUSEWARES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08646
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15485
IRS990/OtherExpensesGrp/ProgramServicesAmt018809
IRS990/OtherExpensesGrp/ProgramServicesAmt15285
IRS990/OtherExpensesGrp/TotalAmt018809
IRS990/OtherExpensesGrp/TotalAmt18646
IRS990/OtherExpensesGrp/TotalAmt25485
IRS990/OtherExpensesGrp/TotalAmt35285
IRS990/OtherLiabilitiesGrp/BOYAmt057077
IRS990/OtherLiabilitiesGrp/EOYAmt054929
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0BEAUTY PARLOR
IRS990/OtherRevenueMiscGrp/Desc1RESIDENT ACTIVITIES
IRS990/OtherRevenueMiscGrp/Desc2PET DEPOSITS
IRS990/OtherRevenueMiscGrp/ExclusionAmt01095
IRS990/OtherRevenueMiscGrp/ExclusionAmt11026
IRS990/OtherRevenueMiscGrp/ExclusionAmt2226
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01095
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11026
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2226
IRS990/OtherRevenueTotalAmt011908
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0141169
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0264424
IRS990/OtherSalariesAndWagesGrp/TotalAmt0405593
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021145
IRS990/PayrollTaxesGrp/ProgramServicesAmt024159
IRS990/PayrollTaxesGrp/TotalAmt045304
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt064410
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt073590
IRS990/PensionPlanContributionsGrp/TotalAmt0138000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016929
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016074
IRS990/PrincipalOfficerNm0TERRY LEARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0HUD TENANT ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc1TENTANT RENTAL PAYMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01307853
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1543959
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01307853
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1543959
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01200
IRS990/PYInvestmentIncomeAmt063549
IRS990/PYOtherExpensesAmt0968650
IRS990/PYOtherRevenueAmt02745
IRS990/PYProgramServiceRevenueAmt01807788
IRS990/PYRevenuesLessExpensesAmt0181827
IRS990/PYSalariesCompEmpBnftPaidAmt0722405
IRS990/PYTotalExpensesAmt01692255
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01874082
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0304851
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01851812
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0435500
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0665733
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0SMYRNA TOWERS, INC QUALIFIES AS A PUBLIC-SUPPORTED ENTITY UNDER BOTH SECTION 170 (B)(1)(A)(VI) AND SECTION 509(A)(2). THE 2013 TAX RETURN IS BEING FILED UNDER SECTION 509(A)(2).
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0SCHEDULE A PART I
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt067088
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt063549
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt059363
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt054404
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt052482
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0296886
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01851812
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01807788
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01782962
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01738953
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01655141
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt08836656
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt067088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt063549
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt059363
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt054404
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt052482
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0296886
IRS990ScheduleA/InvestmentIncomeCYPct00.03240
IRS990ScheduleA/InvestmentIncomePYPct00.03250
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt011908
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02745
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05235
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08654
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt013314
IRS990ScheduleA/OtherIncome509Grp/TotalAmt041856
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96310
IRS990ScheduleA/PublicSupportPY509Pct00.96400
IRS990ScheduleA/PublicSupportTotal509Amt08836656
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01851812
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01807788
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01782962
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01738953
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01655141
IRS990ScheduleA/Total509Grp/TotalAmt08836656
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01930808
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01874082
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01847560
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01802011
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01720937
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09175398
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01109214
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03802897
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04912111
IRS990ScheduleD/EquipmentGrp/BookValueAmt0398243
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0416216
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0814459
IRS990ScheduleD/ExpensesNotReportedAmt028096
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01625957
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0106000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0106000
IRS990ScheduleD/OtherExpensesIncludedAmt028096
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08490
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt146439
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01930808
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THERE WERE NO UNCERTAIN TAX POSITIONS UNDER FIN 48 REPORTED ON THE FINANCIAL STATEMENTS FOR THIS ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1UNREALIZED LOSS ON INVESTMENTS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01613457
IRS990ScheduleD/TotalExpensesPerForm990Amt01625957
IRS990ScheduleD/TotalLiabilityAmt054929
IRS990ScheduleD/TotalRevenuePerForm990Amt01930808
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01930808
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01654053
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD CHAIRMAN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SMYRNA TOWERS, INC'S GOVERNING DOCUMNETS, CONFLICT OF INTEREST STATEMENT AND FINANCIAL STATEMETS ARE MAINTAINED AT THE CORPORATE OFFICES AND ARE AVAILABLE UPON REQUEST TO BE REVIEWED BY THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE HAVE BEEN NO CHANGES IN THE PROCEDURES FOR AUDITOR SELECTION OR FOR REVIEW OF AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03323408
IRS990/TotalAssetsEOYAmt03425656
IRS990/TotalAssetsGrp/BOYAmt03323408
IRS990/TotalAssetsGrp/EOYAmt03425656
IRS990/TotalCompGreaterThan150KInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,425,656
Liabilities
$1,742,483
Net assets
$1,683,173
Revenue
$1,930,808
Expenses
$1,625,957
Net income
$304,851
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.06$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.00$0.01$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.00$0.84$0.84
2017Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.03$1.09$1.06
2015Summary only. Only limited summary data is available for this year.$2.18$0.00$2.18$8.65$8.15$0.50
2014Detailed filing. Detailed filing data is available for this year.$3.43$1.74$1.68$1.93$1.63$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$1.92$1.41$1.69
2012Summary only. Only limited summary data is available for this year.$3.38$2.09$1.29$1.85$1.59$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$2.25$1.03$1.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.15$2.34$0.80$1.71