Civic Intelligence

St Mark'S Towers Inc

EIN 58-1357005 • 501(c)3 • Brunswick, GA

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Profile

Housing for the elderly and elderly handicapped.

One Towers PlazaBrunswick, GA 31520

www.stmarkstowers.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.00x

Higher debt load relative to revenue than 13% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

96th percentile

81%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

27th percentile

$52,898

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

95th percentile

84%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

239%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$4,453,154

Up $2,031,307 (+84%) from 2023

Liabilities

Down

$19,591

Down $3,437,691 (-99%) from 2023

Net Assets

Up

$4,433,563

Up $5,468,998 (+528%) from 2023

Operations
Liabilities / Revenue13th percentileNet Margin96th percentile

Revenue

Up

$6,717,977

Up $4,737,999 (+239%) from 2023

Expenses

Down

$1,248,979

Down $391,463 (-24%) from 2023

Net Income

Up

$5,468,998

Up $5,129,462 (+1511%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth95th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $4,248,527Liabilities 2011: $5,820,146Net Assets 2011: -$1,571,6192011Assets 2012: $3,947,219Liabilities 2012: $5,696,931Net Assets 2012: -$1,749,7122012Assets 2013: $3,690,817Liabilities 2013: $5,557,829Net Assets 2013: -$1,867,0122013Assets 2014: $3,431,041Liabilities 2014: $5,393,555Net Assets 2014: -$1,962,5142014Assets 2015: $3,248,181Liabilities 2015: $5,284,843Net Assets 2015: -$2,036,6622015Assets 2016: $3,126,120Liabilities 2016: $5,103,985Net Assets 2016: -$1,977,8652016Assets 2017: $2,911,990Liabilities 2017: $4,990,674Net Assets 2017: -$2,078,6842017Assets 2018: $2,848,005Liabilities 2018: $4,764,101Net Assets 2018: -$1,916,0962018Assets 2019: $2,554,739Liabilities 2019: $4,464,016Net Assets 2019: -$1,909,2772019Assets 2020: $2,430,096Liabilities 2020: $4,236,657Net Assets 2020: -$1,806,5612020Assets 2021: $2,321,860Liabilities 2021: $3,969,263Net Assets 2021: -$1,647,4032021Assets 2022: $2,371,741Liabilities 2022: $3,746,712Net Assets 2022: -$1,374,9712022Assets 2023: $2,421,847Liabilities 2023: $3,457,282Net Assets 2023: -$1,035,4352023Assets 2024: $4,453,154Liabilities 2024: $19,591Net Assets 2024: $4,433,5632024

Highlighted filing

2024

Assets$4,453,154
Liabilities$19,591
Net Assets$4,433,563
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,495,672Expenses 2011: $1,789,705Net Income 2011: -$294,0332011Expenses 2012: $1,707,3012012Revenue 2013: $1,579,418Expenses 2013: $1,696,718Net Income 2013: -$117,3002013Revenue 2014: $1,569,393Expenses 2014: $1,664,895Net Income 2014: -$95,5022014Revenue 2015: $1,601,326Expenses 2015: $1,675,474Net Income 2015: -$74,1482015Revenue 2016: $1,614,533Expenses 2016: $1,555,736Net Income 2016: $58,7972016Revenue 2017: $1,641,893Expenses 2017: $1,742,712Net Income 2017: -$100,8192017Revenue 2018: $1,749,638Expenses 2018: $1,587,050Net Income 2018: $162,5882018Revenue 2019: $1,691,449Expenses 2019: $1,684,630Net Income 2019: $6,8192019Revenue 2020: $1,752,713Expenses 2020: $1,649,997Net Income 2020: $102,7162020Revenue 2021: $1,791,715Expenses 2021: $1,632,557Net Income 2021: $159,1582021Revenue 2022: $1,952,288Expenses 2022: $1,679,856Net Income 2022: $272,4322022Revenue 2023: $1,979,978Expenses 2023: $1,640,442Net Income 2023: $339,5362023Revenue 2024: $6,717,977Expenses 2024: $1,248,979Net Income 2024: $5,468,9982024

Highlighted filing

2024

Revenue$6,717,977
Expenses$1,248,979
Net Income$5,468,998
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,453,154
Liabilities
$19,591
Net assets
$4,433,563
Revenue
$6,717,977
Expenses
$1,248,979
Net income
$5,468,998
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$0.02$4.43$6.72$1.25$5.47
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$3.46$1.04$1.98$1.64$0.34
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$3.75$1.37$1.95$1.68$0.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$3.97$1.65$1.79$1.63$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.43$4.24$1.81$1.75$1.65$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$4.46$1.91$1.69$1.68$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$4.76$1.92$1.75$1.59$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.91$4.99$2.08$1.64$1.74$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.13$5.10$1.98$1.61$1.56$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.25$5.28$2.04$1.60$1.68$0.07
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$5.39$1.96$1.57$1.66$0.10
2013Summary only. Only limited summary data is available for this year.$3.69$5.56$1.87$1.58$1.70$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.95$5.70$1.75$1.71
2011Summary only. Only limited summary data is available for this year.$4.25$5.82$1.57$1.50$1.79$0.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 12, 2025
Return Version
2023v6.0
Gross Receipts
$9,438,417
Mission and Program Overview

Mission

Housing for the elderly and elderly handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,721$4,373,864▲ $4,371,143
Land, Buildings, and Equipment, Net$1,638,927--
Intangible Assets$99,805--
Prepaid Expenses and Deferred Charges$10,932$2,973▼ $7,959
Accounts Receivable$2,765--
Cash and Non-Interest-Bearing Accounts$300--
Total Assets$2,421,847$4,453,154▲ $2,031,307
Other Assets Total$666,397$76,317▼ $590,080
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,333,223--
Escrow Account Liability$68,887--
Accounts Payable and Accrued Expenses$55,172$19,591▼ $35,581
Total Liabilities$3,457,282$19,591▼ $3,437,691
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,035,435$4,433,563▲ $5,468,998
Total Net Assets Fund Balance$-1,035,435$4,433,563▲ $5,468,998
Total Liabilities and Net Assets / Fund Balance$2,421,847$4,453,154▲ $2,031,307
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Melinda MasseyExecutive DiFT$52,898$52,898

Board Members and Trustees

NameTitle
Peter SchmidtPresident
Al MckinnonBoard Member
Alan AkridgeBoard Member
Dan BurrBoard Member
Kathy FriedmanBoard Member
Leslie FaulkenberryBoard Member
Ralph DembowczykBoard Member
Whitney MconnellSecretary
Ken TrowbridgeTreasurer
Bill TurnerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$12,327
Program Service Revenue
$1,348,201
Investment Income
$5,357,449
Other Revenue
$0
All Other Contributions
$12,327
Change in Net Assets
$5,468,998

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,717,977
Total Revenue per Audited Statements
$6,717,977
Total Revenue per Form 990
$6,717,977
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$918,915
Salaries, Compensation, and Employee Benefits$330,064
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$528,541--$528,541
Other Salaries and Wages$201,908--$201,908
Depreciation Depletion$124,495--$124,495
Fees for Services Other$80,519--$80,519
Interest$59,161--$59,161
Current Officers, Directors, Trustees, and Key Employees$52,898--$52,898
Fees for Services Accounting$50,380--$50,380
Other Employee Benefits$42,219--$42,219
Office Expenses$32,916--$32,916
Payroll Taxes$20,604--$20,604
Insurance$19,570--$19,570
Pension Plan Contributions$12,435--$12,435
Conferences and Meetings$2,471--$2,471
Other Expenses$2,267--$2,267
Advertising$773--$773
Travel$515--$515
Total Functional Expenses$1,248,979$0$0$1,248,979

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,248,979
Total Expenses per Audited Statements$1,248,979
Total Expenses per Form 990$1,248,979
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

“The 990 is made available to all board members before it is filed. The treasurer of the board of directors provides the auditor with any changes that need to be made.”

Form 990, Page 6, Part VI, Line 12C

“Three officers periodically co-sign checks. Monthly financial statements are reviewed by officers and full board. Contract payments are authorized by an officer other than the officer signing the contract(s).”

Form 990, Page 6, Part VI, Line 15A

“Each year the board's compensation committee reviews salaries of all employees. Comparables are obtained from the leading age of georgia institute and the georgia department of labor. The committee's recommendations are approved or modified by the full board.”

Form 990, Page 6, Part VI, Line 15B

“Each year the board's compensation committee reviews salaries of all employees. Comparables are obtained from leading age of georgia institute and the georgia department of labor. The committee's recommendations are approved or modified by the full board.”

Form 990, Page 6, Part VI, Line 19

“Upon request to the executive director, chairperson of the board of directors, or treasurer.”

Filing and Contact Details

Filer

Filer Name
ST MARK'S TOWERS INC
EIN
58-1357005
Phone
9122677125
Address
ONE TOWERS PLAZA, BRUNSWICK, GA 31520

Signing Officer

Name
Peter Schmidt
Title
President
Phone
9122677125
Signed
2025-08-12

Organization Details

Principal Officer
Melinda Massey
Formed
1977
Legal Domicile
Ga
Voting Board Members
10
Independent Board Members
10
Employees
18

Preparer

Firm
Arline & Wiggins Cpas LLC
Address
1606 REYNOLDS ST, BRUNSWICK, GA 31520-6731
Preparer
Joel K Arline CPA
Phone
9122651020
Supplemental Narrative

Additional Explanations

Form 990, Part X

“In august 2023, the project entered into a purchase sale agreement with an unrelated nonprofit entity to purchase the real property, hard assets, and various hud accounts of the project. The sale of the project to the unrelated nonprofit entity closed on may 31, 2024. The total purchase price was 8,050,000 with a mortgage payoff totaling 3,150,992. A separate bank account was established to hold the net proceeds until the board or directors determines the best utilization of the funds. According to section 25 of the purchase and sale agreement entered into by both involved parties, any post-closing adjustments and claims must be made within ninety (90) days of the closing date.”

Raw XML AppendixShowing 400 of 451 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.

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IRS990/PayrollTaxesGrp/ProgramServicesAmt020604
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010932
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02973
IRS990/PrincipalOfficerNm0MELINDA MASSEY
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IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY & VENDING
IRS990/ProgramServiceRevenueGrp/Desc3DAMAGES & CLEANING FEES
IRS990/ProgramServiceRevenueGrp/Desc4FORFEITED SECURITY DEPOSITS
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IRS990/RelatedEntityInd0true
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01348201
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01925866
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt026889
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IRS990ScheduleA/PublicSupportCY509Pct00.99690
IRS990ScheduleA/PublicSupportPY509Pct00.99990
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01752433
IRS990ScheduleA/Total509Grp/TotalAmt08860575
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01387417
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01791565
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS BEFORE IT IS FILED. THE TREASURER OF THE BOARD OF DIRECTORS PROVIDES THE AUDITOR WITH ANY CHANGES THAT NEED TO BE MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THREE OFFICERS PERIODICALLY CO-SIGN CHECKS. MONTHLY FINANCIAL STATEMENTS ARE REVIEWED BY OFFICERS AND FULL BOARD. CONTRACT PAYMENTS ARE AUTHORIZED BY AN OFFICER OTHER THAN THE OFFICER SIGNING THE CONTRACT(S).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR THE BOARD'S COMPENSATION COMMITTEE REVIEWS SALARIES OF ALL EMPLOYEES. COMPARABLES ARE OBTAINED FROM THE LEADING AGE OF GEORGIA INSTITUTE AND THE GEORGIA DEPARTMENT OF LABOR. THE COMMITTEE'S RECOMMENDATIONS ARE APPROVED OR MODIFIED BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH YEAR THE BOARD'S COMPENSATION COMMITTEE REVIEWS SALARIES OF ALL EMPLOYEES. COMPARABLES ARE OBTAINED FROM LEADING AGE OF GEORGIA INSTITUTE AND THE GEORGIA DEPARTMENT OF LABOR. THE COMMITTEE'S RECOMMENDATIONS ARE APPROVED OR MODIFIED BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST TO THE EXECUTIVE DIRECTOR, CHAIRPERSON OF THE BOARD OF DIRECTORS, OR TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN AUGUST 2023, THE PROJECT ENTERED INTO A PURCHASE SALE AGREEMENT WITH AN UNRELATED NONPROFIT ENTITY TO PURCHASE THE REAL PROPERTY, HARD ASSETS, AND VARIOUS HUD ACCOUNTS OF THE PROJECT. THE SALE OF THE PROJECT TO THE UNRELATED NONPROFIT ENTITY CLOSED ON MAY 31, 2024. THE TOTAL PURCHASE PRICE WAS 8,050,000 WITH A MORTGAGE PAYOFF TOTALING 3,150,992. A SEPARATE BANK ACCOUNT WAS ESTABLISHED TO HOLD THE NET PROCEEDS UNTIL THE BOARD OR DIRECTORS DETERMINES THE BEST UTILIZATION OF THE FUNDS. ACCORDING TO SECTION 25 OF THE PURCHASE AND SALE AGREEMENT ENTERED INTO BY BOTH INVOLVED PARTIES, ANY POST-CLOSING ADJUSTMENTS AND CLAIMS MUST BE MADE WITHIN NINETY (90) DAYS OF THE CLOSING DATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART X
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FOUNDATION OF ST MARK'S TOWERS IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0581555456
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ASSISTANCE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0ONE TOWERS PLAZA
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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