Civic Intelligence

Resource Foundation

EIN 58-1786925 • 501(c)3 • Nashville, TN

Profile

Provide housing opportunities for low and moderate income persons, operate multi-family rental units for low and moderate income persons.

50 Vantage Way 107Nashville, TN 37228

n/A

Siviq Scores

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

Liabilities / Assets

65th percentile

0.08x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

41st percentile

0.0%

Faster asset growth than 41% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Flat

$663,770

Flat from 2021

Liabilities

Flat

$52,206

Flat from 2021

Net Assets

Flat

$611,564

Flat from 2021

Revenue

Down

$0

Down $377 (-100%) from 2021

Expenses

Down

$0

Down $18,527 (-100%) from 2021

Net Income

Up

$0

Up $18,150 (+100%) from 2021

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $20,082,533Liabilities 2010: $21,336,788Net Assets 2010: -$1,254,2552010Assets 2011: $19,630,387Liabilities 2011: $21,541,634Net Assets 2011: -$1,911,2472011Assets 2012: $20,613,682Liabilities 2012: $21,833,366Net Assets 2012: -$1,219,6842012Assets 2013: $10,576,893Liabilities 2013: $7,159,441Net Assets 2013: $3,417,4522013Assets 2014: $10,876,251Liabilities 2014: $5,964,329Net Assets 2014: $4,911,9222014Assets 2015: $9,706,913Liabilities 2015: $5,489,977Net Assets 2015: $4,216,9362015Assets 2016: $9,865,157Liabilities 2016: $5,832,024Net Assets 2016: $4,033,1332016Assets 2017: $4,701,306Liabilities 2017: $2,571,249Net Assets 2017: $2,130,0572017Assets 2018: $4,399,939Liabilities 2018: $2,234,885Net Assets 2018: $2,165,0542018Assets 2019: $895,638Liabilities 2019: $208,344Net Assets 2019: $687,2942019Assets 2020: $681,920Liabilities 2020: $52,206Net Assets 2020: $629,7142020Assets 2021: $663,770Liabilities 2021: $52,206Net Assets 2021: $611,5642021Assets 2022: $663,770Liabilities 2022: $52,206Net Assets 2022: $611,5642022

Highlighted filing

2022

Assets$663,770
Liabilities$52,206
Net Assets$611,564

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2010: $6,288,947Expenses 2010: $4,344,813Net Income 2010: $1,944,1342010Revenue 2011: $3,009,259Expenses 2011: $3,643,441Net Income 2011: -$634,1822011Expenses 2012: $3,427,9942012Revenue 2013: $711,618Expenses 2013: $1,188,835Net Income 2013: -$477,2172013Revenue 2014: $2,234,311Expenses 2014: $553,942Net Income 2014: $1,680,3692014Revenue 2015: $545,716Expenses 2015: $659,524Net Income 2015: -$113,8082015Revenue 2016: $533,238Expenses 2016: $707,894Net Income 2016: -$174,6562016Revenue 2017: -$1,285,704Expenses 2017: $621,258Net Income 2017: -$1,906,9622017Revenue 2018: $835,639Expenses 2018: $654,262Net Income 2018: $181,3772018Revenue 2019: -$1,245,312Expenses 2019: $232,448Net Income 2019: -$1,477,7602019Revenue 2020: $4,522Expenses 2020: $62,132Net Income 2020: -$57,6102020Revenue 2021: $377Expenses 2021: $18,527Net Income 2021: -$18,1502021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022

Highlighted filing

2022

Revenue$0
Expenses$0
Net Income$0

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.66$0.05$0.61$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.66$0.05$0.61$0.00$0.02$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.05$0.63$0.00$0.06$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.90$0.21$0.69$1.25$0.23$1.48
2018Detailed filing. Detailed filing data is available for this year.$4.40$2.23$2.17$0.84$0.65$0.18
2017Detailed filing. Detailed filing data is available for this year.$4.70$2.57$2.13$1.29$0.62$1.91
2016Detailed filing. Detailed filing data is available for this year.$9.87$5.83$4.03$0.53$0.71$0.17
2015Summary only. Only limited summary data is available for this year.$9.71$5.49$4.22$0.55$0.66$0.11
2014Detailed filing. Detailed filing data is available for this year.$10.9$5.96$4.91$2.23$0.55$1.68
2013Detailed filing. Detailed filing data is available for this year.$10.6$7.16$3.42$0.71$1.19$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.6$21.8$1.22$3.43
2011Summary only. Only limited summary data is available for this year.$19.6$21.5$1.91$3.01$3.64$0.63
2010Summary only. Only limited summary data is available for this year.$20.1$21.3$1.25$6.29$4.34$1.94
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Provide housing opportunities for low and moderate income persons, operate multi-family rental units for low and moderate income persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$444,564$444,564→ $0
Cash and Non-Interest-Bearing Accounts$227,389$227,389→ $0
Other Notes and Loans Receivable, Net$12,330$12,330→ $0
Accounts Receivable$1,927$1,927→ $0
Total Assets$663,770$663,770→ $0
Other Assets Total$-22,440$-22,440→ $0
Liabilities
Other Liabilities$46,199$46,199→ $0
Accounts Payable and Accrued Expenses$3,309$3,309→ $0
Mortgage Notes Payable Secured by Investment Property$2,698$2,698→ $0
Total Liabilities$52,206$52,206→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$611,564$611,564→ $0
Total Net Assets Fund Balance$611,564$611,564→ $0
Total Liabilities and Net Assets / Fund Balance$663,770$663,770→ $0

Asset Categories

AssetBook ValueDepreciationBasis
Land$444,278-$444,278
Equipment-$223,898$223,898
Other Land Buildings-$68,939$68,939
Leasehold Improvements$286$25,156$25,442
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ben HuDirector
David CraneDirector
John BeamDirector
Kenneth BickfordDirector
W Perry BlandfordDirector
Ed LatimerCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
Other Payables$35,452
Intercompany Payable$8,571
Escrow Hardison$2,076
Note Payable From Sale of Asset$100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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

Submitted to governing body for review prior to the filing with the internal revenue service

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

Policy is to identify and discuss issues if and should they arise and reflect in appropriate minutes

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

The board conducts a compensation survey every few years to determine compensation of ceo's and executive director's at comparable-sized nonprofitorganizations. The executive leadership monitors market conditions for key employees and establishes salaries per local market conditions.

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

The board conducts a compensation survey every few years to determine comp ensation of ceo's and executive director's at comparable-sized nonprofit organizations. The executive leadership monitors market conditions for key employees and establishes salaries per local market conditions.

Form 990, Page 6, Part VI, Line 19

Available upon request by grantor's and other entities doing business with the organization.

Filing and Contact Details

Filer

Filer Name
Resource Foundation
EIN
58-1786925
Phone
6152510025
Address
50 VANTAGE WAY 107, NASHVILLE, TN 37228

Signing Officer

Name
Ed Latimer
Title
CEO
Phone
2257681510
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ed Latimer
Formed
1988
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Twru Cpas & Financial Advisors
Address
527 E AIRPORT AVE, BATON ROUGE, LA 70806-6515
Preparer
Paul Shaffer CPA
Phone
2259261050
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUBMITTED TO GOVERNING BODY FOR REVIEW PRIOR TO THE FILING WITH THE INTERNAL REVENUE SERVICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POLICY IS TO IDENTIFY AND DISCUSS ISSUES IF AND SHOULD THEY ARISE AND REFLECT IN APPROPRIATE MINUTES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD CONDUCTS A COMPENSATION SURVEY EVERY FEW YEARS TO DETERMINE COMPENSATION OF CEO'S AND EXECUTIVE DIRECTOR'S AT COMPARABLE-SIZED NONPROFITORGANIZATIONS. THE EXECUTIVE LEADERSHIP MONITORS MARKET CONDITIONS FOR KEY EMPLOYEES AND ESTABLISHES SALARIES PER LOCAL MARKET CONDITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD CONDUCTS A COMPENSATION SURVEY EVERY FEW YEARS TO DETERMINE COMP ENSATION OF CEO'S AND EXECUTIVE DIRECTOR'S AT COMPARABLE-SIZED NONPROFIT ORGANIZATIONS. THE EXECUTIVE LEADERSHIP MONITORS MARKET CONDITIONS FOR KEY EMPLOYEES AND ESTABLISHES SALARIES PER LOCAL MARKET CONDITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST BY GRANTOR'S AND OTHER ENTITIES DOING BUSINESS WITH THE ORGANIZATION.
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0THE RESOUR
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1THE RESOUR
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0TRF WILLOW VILLAS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1TRF MOSS OAKS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0581786925
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1581786925
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1LA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0LOW INCOME
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1LOW INCOME
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt011805 SUN BELT CT
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt111805 SUN BELT CT
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0BATON ROUGE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1BATON ROUGE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1LA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd070809
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd170809
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0663770
IRS990/TotalAssetsEOYAmt0663770
IRS990/TotalAssetsGrp/BOYAmt0663770
IRS990/TotalAssetsGrp/EOYAmt0663770
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt052206
IRS990/TotalLiabilitiesEOYAmt052206
IRS990/TotalLiabilitiesGrp/BOYAmt052206
IRS990/TotalLiabilitiesGrp/EOYAmt052206
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0611564
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0611564
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0663770
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0663770
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt050 VANTAGE WAY SUITE 107
IRS990/USAddress/CityNm0NASHVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037228
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ED LATIMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02257681510
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RESOURCE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0RESO
ReturnHeader/Filer/EIN0581786925
ReturnHeader/Filer/PhoneNum06152510025
ReturnHeader/Filer/USAddress/AddressLine1Txt050 VANTAGE WAY 107
ReturnHeader/Filer/USAddress/CityNm0NASHVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037228
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721086666
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TWRU CPAS & FINANCIAL ADVISORS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0527 E AIRPORT AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BATON ROUGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0708066515
ReturnHeader/PreparerPersonGrp/PhoneNum02259261050
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL SHAFFER CPA
ReturnHeader/ReturnTs02023-11-15T15:20:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ED
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LATIMER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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