Civic Intelligence

Housing for the Elderly of Henderson County Inc.

990 • Fiscal year 2015 • EIN 58-1440100

Oct 01, 2014 to Sep 30, 2015 • Filed on Aug 13, 2016

Organization ProfileWWW.WESLEYLIVING.COM
61 Woodland DriveLexington, TN 38351

(901) 581-6141

Siviq Scores

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

Liabilities / Assets

98th percentile

2.51x

Higher debt load relative to assets than 98% of similar nonprofits.

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

Liabilities / Revenue

96th percentile

3.94x

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

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

Net Margin

19th percentile

-12%

Higher net margin than 19% 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

20th percentile

-7.6%

Faster asset growth than 20% of similar nonprofits.

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

Revenue Growth

41st percentile

-0.3%

Faster revenue growth than 41% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets98th percentile

Assets

Flat

$808,679

Flat from 2015

Net Assets

Flat

-$1,221,810

Flat from 2015

Liabilities

Flat

$2,030,489

Flat from 2015

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin19th percentile

Revenue

Flat

$515,648

Flat from 2015

Expenses

Flat

$579,112

Flat from 2015

Net Income

Flat

-$63,464

Flat from 2015

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $1,179,559Liabilities 2011: $2,093,098Net Assets 2011: -$913,5392011Assets 2012: $1,099,995Liabilities 2012: $2,076,233Net Assets 2012: -$976,2382012Assets 2013: $955,311Liabilities 2013: $2,057,393Net Assets 2013: -$1,102,0822013Assets 2014: $874,750Liabilities 2014: $2,033,096Net Assets 2014: -$1,158,3462014Assets 2015: $808,679Liabilities 2015: $2,030,489Net Assets 2015: -$1,221,8102015Assets 2015: $808,679Liabilities 2015: $2,030,489Net Assets 2015: -$1,221,8102015Assets 2016: $753,165Liabilities 2016: $2,021,387Net Assets 2016: -$1,268,2222016Assets 2017: $734,355Liabilities 2017: $1,977,202Net Assets 2017: -$1,242,8472017Assets 2018: $737,048Liabilities 2018: $1,959,793Net Assets 2018: -$1,222,7452018Assets 2019: $733,591Liabilities 2019: $1,924,084Net Assets 2019: -$1,190,4932019Assets 2020: $795,271Liabilities 2020: $1,886,448Net Assets 2020: -$1,091,1772020Assets 2021: $750,903Liabilities 2021: $1,845,803Net Assets 2021: -$1,094,9002021Assets 2022: $736,393Liabilities 2022: $1,847,049Net Assets 2022: -$1,110,6562022Assets 2023: $714,828Liabilities 2023: $1,772,123Net Assets 2023: -$1,057,2952023Assets 2024: $721,436Liabilities 2024: $1,918Net Assets 2024: $719,5182024

Highlighted filing

2015

Assets$808,679
Liabilities$2,030,489
Net Assets-$1,221,810
Open 2015 Filing

Operations Trend

Revenue Growth41st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $570,5982011Expenses 2012: $575,6902012Expenses 2013: $600,2412013Revenue 2014: $517,080Expenses 2014: $573,344Net Income 2014: -$56,2642014Revenue 2015: $515,648Expenses 2015: $579,112Net Income 2015: -$63,4642015Revenue 2015: $515,648Expenses 2015: $579,112Net Income 2015: -$63,4642015Revenue 2016: $527,891Expenses 2016: $574,303Net Income 2016: -$46,4122016Revenue 2017: $536,360Expenses 2017: $510,985Net Income 2017: $25,3752017Revenue 2018: $549,182Expenses 2018: $529,080Net Income 2018: $20,1022018Revenue 2019: $551,590Expenses 2019: $519,338Net Income 2019: $32,2522019Revenue 2020: $614,065Expenses 2020: $514,749Net Income 2020: $99,3162020Revenue 2021: $570,911Expenses 2021: $574,634Net Income 2021: -$3,7232021Revenue 2022: $593,062Expenses 2022: $608,818Net Income 2022: -$15,7562022Revenue 2023: $632,306Expenses 2023: $578,945Net Income 2023: $53,3612023Revenue 2024: $2,057,272Expenses 2024: $280,459Net Income 2024: $1,776,8132024

Highlighted filing

2015

Revenue$515,648
Expenses$579,112
Net Income-$63,464
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Aug 13, 2016
Return Version
2014v6.0
Gross Receipts
$515,648
Mission and Program Overview

Mission

Provide 61 apartment units for elderly or handicapped individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$458,051$476,742▲ $18,691
Savings and Temporary Cash Investments$271,056$190,444▼ $80,612
Intangible Assets$107,054$103,352▼ $3,702
Cash and Non-Interest-Bearing Accounts$25,853$24,211▼ $1,642
Prepaid Expenses and Deferred Charges$10,854$12,653▲ $1,799
Accounts Receivable$1,882$1,277▼ $605
Total Assets$874,750$808,679▼ $66,071
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,994,595$1,969,921▼ $24,674
Accounts Payable and Accrued Expenses$38,501$60,568▲ $22,067
Total Liabilities$2,033,096$2,030,489▼ $2,607
Net Assets / Fund Balance
Unrestricted Net Assets$-1,158,346$-1,221,810▼ $63,464
Total Net Assets Fund Balance$-1,158,346$-1,221,810▼ $63,464
Total Liabilities and Net Assets / Fund Balance$874,750$808,679▼ $66,071

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$-83,065$2,056,001$1,972,936
Equipment$283,478-$283,478
Other Land Buildings$146,678-$146,678
Land$129,651-$129,651
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Mike UjcichPresident
Margaret MilamV. President
Bobby DeberryDirector
Bobby GrossDirector
Jeff GriggsDirector
Jeffrey LewisDirector
John BobbittDirector
Teresa SparksDirector
Vicki BunchDirector
William ForneyDirector
Carole SmallSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$315,410
Program Service Revenue
$198,236
Investment Income
$192
Other Revenue
$1,810
Change in Net Assets
$-63,464

Audited Revenue Reconciliation

Revenue per Audited Statements
$515,648
Total Revenue per Audited Statements
$515,648
Total Revenue per Form 990
$515,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$490,048
Salaries, Compensation, and Employee Benefits$89,064
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$323,919--$323,919
Depreciation Depletion$101,599--$101,599
Other Salaries and Wages$80,078--$80,078
Fees for Services Management$27,779$2,416-$30,195
Fees for Services Accounting$13,685$1,171-$14,856
Office Expenses$9,725$522-$10,247
Conferences and Meetings$5,310$410-$5,720
Payroll Taxes$5,568--$5,568
Pension Plan Contributions$2,360--$2,360
Advertising$1,543--$1,543
Insurance$1,096--$1,096
Other Employee Benefits$1,058--$1,058
Travel$777--$777
Fees for Services Other$96--$96
Total Functional Expenses$574,593$4,519$0$579,112

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$579,112
Total Expenses per Audited Statements$579,112
Total Expenses per Form 990$579,112
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
Backup withholding compliance
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, Page 6, Part VI, Line 3

“The project has a hud-approved management agreement with wesley housing corporation of memphis, inc.”

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

“The managing director reviews and approves form 990.”

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

“Housing for the elderly of henderson county, inc. Follows and enforces the conflict of interest policy adopted by the u.s. Department of housing and urban development.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available for inspection upon written request to the management organization.”

Filing and Contact Details

Filer

Filer Name
Housing for the Elderly of
EIN
58-1440100
Phone
9015816141
Address
61 WOODLAND DRIVE, LEXINGTON, TN 38351

Signing Officer

Name
Don Ollio
Title
Managing Agent
Phone
9015816141
Signed
2016-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Ollio
Formed
1981
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
5

Preparer

Firm
Scott & Pohlman Pc
Address
5100 POPLAR AVENUE SUITE 617, MEMPHIS, TN 38137
Preparer
Sandy Friedman
Phone
9017614692
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0200046
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0197349
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0189555
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0189063
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0963033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0192
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0255
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0737
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0702
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02527628
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0-83065
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02056001
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01972936
IRS990ScheduleD/EquipmentGrp/BookValueAmt0283478
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0283478
IRS990ScheduleD/ExpensesSubtotalAmt0579112
IRS990ScheduleD/LandGrp/BookValueAmt0129651
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0129651
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0146678
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0146678
IRS990ScheduleD/RevenueSubtotalAmt0515648
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0476742
IRS990ScheduleD/TotalExpensesPerForm990Amt0579112
IRS990ScheduleD/TotalRevenuePerForm990Amt0515648
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0515648
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0579112
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT HAS A HUD-APPROVED MANAGEMENT AGREEMENT WITH WESLEY HOUSING CORPORATION OF MEMPHIS, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MANAGING DIRECTOR REVIEWS AND APPROVES FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HOUSING FOR THE ELDERLY OF HENDERSON COUNTY, INC. FOLLOWS AND ENFORCES THE CONFLICT OF INTEREST POLICY ADOPTED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION UPON WRITTEN REQUEST TO THE MANAGEMENT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0579112
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt02030489
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IRS990/TotalProgramServiceRevenueAmt0198236
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0808679
IRS990/TravelGrp/ProgramServicesAmt0777
IRS990/TravelGrp/TotalAmt0777
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt061 WOODLAND DRIVE
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038351
IRS990/VotingMembersGoverningBodyCnt011
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DON OLLIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING AGENT

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$808,679
Liabilities
$2,030,489
Net assets
-$1,221,810
Revenue
$515,648
Expenses
$579,112
Net income
-$63,464
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.72$2.06$0.28$1.78
2023Summary only. Only limited summary data is available for this year.$0.71$1.77$1.06$0.63$0.58$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$1.85$1.11$0.59$0.61$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$1.85$1.09$0.57$0.57$0.00
2020Summary only. Only limited summary data is available for this year.$0.80$1.89$1.09$0.61$0.51$0.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$1.92$1.19$0.55$0.52$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$1.96$1.22$0.55$0.53$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$1.98$1.24$0.54$0.51$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.75$2.02$1.27$0.53$0.57$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.81$2.03$1.22$0.52$0.58$0.06
2015Summary only. Only limited summary data is available for this year.$0.81$2.03$1.22$0.52$0.58$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.87$2.03$1.16$0.52$0.57$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$2.06$1.10$0.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$2.08$0.98$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$2.09$0.91$0.57