Civic Intelligence

Northeast Housing Inc.

990EZ • Fiscal year 2015 • EIN 58-1573667

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 09, 2016

2220 Union AvenueMemphis, TN 38104

(901) 369-1420

Siviq Scores

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

Liabilities / Assets

99th percentile

7.59x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

7.12x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

28th percentile

-6.1%

Higher net margin than 28% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

69th percentile

17%

Faster asset growth than 69% of similar nonprofits.

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

Revenue Growth

83rd percentile

41%

Faster revenue growth than 83% of similar nonprofits.

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

Assets

Up

$89,788

Up $12,780 (+17%) from 2014

Net Assets

Down

-$592,096

Down $5,852 (-1.0%) from 2014

Liabilities

Up

$681,884

Up $18,632 (+2.8%) from 2014

Revenue

Up

$95,706

Up $28,053 (+41%) from 2014

Expenses

Up

$101,558

Up $11,910 (+13%) from 2014

Net Income

Up

-$5,852

Up $16,143 (+73%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500K-$1.0MAssets 2011: $120,946Liabilities 2011: $607,191Net Assets 2011: -$486,2452011Assets 2012: $116,154Liabilities 2012: $633,534Net Assets 2012: -$517,3802012Assets 2013: $107,874Liabilities 2013: $672,123Net Assets 2013: -$564,2492013Assets 2014: $77,008Liabilities 2014: $663,252Net Assets 2014: -$586,2442014Assets 2015: $89,788Liabilities 2015: $681,884Net Assets 2015: -$592,0962015Assets 2016: $91,662Liabilities 2016: $688,037Net Assets 2016: -$596,3752016Assets 2017: $279,584Liabilities 2017: $660,382Net Assets 2017: -$380,7982017Assets 2018: $257,336Liabilities 2018: $675,826Net Assets 2018: -$418,4902018Assets 2019: $272,080Liabilities 2019: $718,324Net Assets 2019: -$446,2442019Assets 2020: $266,533Liabilities 2020: $720,029Net Assets 2020: -$453,4962020Assets 2021: $270,285Liabilities 2021: $752,845Net Assets 2021: -$482,5602021Assets 2022: $586,268Liabilities 2022: $874,614Net Assets 2022: -$288,3462022Assets 2023: $537,047Liabilities 2023: $903,609Net Assets 2023: -$366,5622023

Highlighted filing

2015

Assets$89,788
Liabilities$681,884
Net Assets-$592,096

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $62,374Expenses 2011: $92,572Net Income 2011: -$30,1982011Expenses 2012: $89,6742012Expenses 2013: $109,7942013Revenue 2014: $67,653Expenses 2014: $89,648Net Income 2014: -$21,9952014Revenue 2015: $95,706Expenses 2015: $101,558Net Income 2015: -$5,8522015Revenue 2016: $89,147Expenses 2016: $93,426Net Income 2016: -$4,2792016Revenue 2017: $314,728Expenses 2017: $99,151Net Income 2017: $215,5772017Revenue 2018: $78,701Expenses 2018: $116,393Net Income 2018: -$37,6922018Revenue 2019: $83,845Expenses 2019: $111,599Net Income 2019: -$27,7542019Revenue 2020: $117,568Expenses 2020: $124,820Net Income 2020: -$7,2522020Revenue 2021: $118,614Expenses 2021: $147,678Net Income 2021: -$29,0642021Revenue 2022: $363,265Expenses 2022: $169,051Net Income 2022: $194,2142022Revenue 2023: $147,062Expenses 2023: $225,278Net Income 2023: -$78,2162023

Highlighted filing

2015

Revenue$95,706
Expenses$101,558
Net Income-$5,852
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 9, 2016
Return Version
2014v6.0
Gross Receipts
$95,706
Mission and Program Overview

Mission

Provide housing for mentally ill patients

Program Services

DescriptionGrantsExpenses
PROVIDE HOUSING FOR MENTALLY ILL PATIENTS$78,720$98,935
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES A BAKERPresident-$0--
BECKY NUBERVice President-$0--
ALONZO WOODSSecretary/Treasurer-$0--
GENE LAWRENCEExecutive DirectorPT$0--
KYLE HATAWAYCFOPT$0--
Filing and Contact Details

Filer

Filer Name
Northeast Housing Inc
EIN
58-1573667
Phone
9013691420
Address
2220 UNION AVENUE, MEMPHIS, TN 38104

Signing Officer

Name
Gene Lawrence
Title
Executive Director
Phone
9013691420
Signed
2016-02-09
Discuss with paid preparer
Yes

Preparer

Firm
Cannon Wright Blount Pllc
Address
756 RIDGE LAKE BLVD SUITE 100, MEMPHIS, TN 38120-9420
Preparer
Stephanie L Livingston CPA
Phone
9016857500
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 3.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: bad debt expense. Amount: 872. Description: depreciation expense. Amount: 10,053. Description: miscellaneous expense. Amount: 273. Description: supplies expense. Amount: 2,565. Total to form 990-ez, line 16: 13,763.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 3,186. End of year amount: 1,620. Description: tenant security deposits. Beg. Of year amount: 4,910. End of year amount: 4,919. Description: replacement reserves. Beg. Of year amount: 6,239. End of year amount: 7,696. Description: housing assistance payments. Beg. Of year amount: 0. End of year amount: 2,791.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable and accrued expenses. Beg. Of year amount: 340,930. End of year amount: 365,623. Description: deferred revenue. Beg. Of year amount: 2,789. End of year amount: 0. Description: secured mortgages and notes payable. Beg. Of year amount: 203,565. End of year amount: 200,285. Description: unsecured notes and loans payable. Beg. Of year amount: 115,968. End of year amount: 115,968. Description: tenant security deposits liability. Beg. Of year amount: 0. End of year amount: 8.

Raw XML Appendix192 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4CFO
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IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt017026
IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 3.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BAD DEBT EXPENSE. AMOUNT: 872. DESCRIPTION: DEPRECIATION EXPENSE. AMOUNT: 10,053. DESCRIPTION: MISCELLANEOUS EXPENSE. AMOUNT: 273. DESCRIPTION: SUPPLIES EXPENSE. AMOUNT: 2,565. TOTAL TO FORM 990-EZ, LINE 16: 13,763.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 3,186. END OF YEAR AMOUNT: 1,620. DESCRIPTION: TENANT SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 4,910. END OF YEAR AMOUNT: 4,919. DESCRIPTION: REPLACEMENT RESERVES. BEG. OF YEAR AMOUNT: 6,239. END OF YEAR AMOUNT: 7,696. DESCRIPTION: HOUSING ASSISTANCE PAYMENTS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 2,791.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS PAYABLE AND ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 340,930. END OF YEAR AMOUNT: 365,623. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 2,789. END OF YEAR AMOUNT: 0. DESCRIPTION: SECURED MORTGAGES AND NOTES PAYABLE. BEG. OF YEAR AMOUNT: 203,565. END OF YEAR AMOUNT: 200,285. DESCRIPTION: UNSECURED NOTES AND LOANS PAYABLE. BEG. OF YEAR AMOUNT: 115,968. END OF YEAR AMOUNT: 115,968. DESCRIPTION: TENANT SECURITY DEPOSITS LIABILITY. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 8.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-04-25 22:37:26Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0GENE LAWRENCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09013691420
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTHEAST HOUSING INC
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ReturnHeader/Filer/EIN0581573667
ReturnHeader/Filer/PhoneNum09013691420
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ReturnHeader/Filer/USAddress/ZIPCd038104
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621657946
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CANNON WRIGHT BLOUNT PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0756 RIDGE LAKE BLVD SUITE 100
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0381209420
ReturnHeader/PreparerPersonGrp/PhoneNum09016857500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHANIE L LIVINGSTON CPA
ReturnHeader/ReturnTs02016-02-09T16:11:44-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$5.37$9.04$3.67$1.47$2.25$0.78
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.86$8.75$2.88$3.63$1.69$1.94
2021Detailed filing. Detailed filing data is available for this year.$2.70$7.53$4.83$1.19$1.48$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$7.20$4.53$1.18$1.25$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$7.18$4.46$0.84$1.12$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.57$6.76$4.18$0.79$1.16$0.38
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.80$6.60$3.81$3.15$0.99$2.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$6.88$5.96$0.89$0.93$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.90$6.82$5.92$0.96$1.02$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.77$6.63$5.86$0.68$0.90$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$6.72$5.64$1.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$6.34$5.17$0.90
2011Summary only. Only limited summary data is available for this year.$1.21$6.07$4.86$0.62$0.93$0.30