Civic Intelligence

Resource Foundation

990 • Fiscal year 2019 • EIN 58-1786925

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileN/A
50 Vantage Way 107Nashville, TN 37228

(615) 251-0025

Siviq Scores

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

Liabilities / Assets

68th percentile

0.23x

Higher debt load relative to assets than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

100th percentile

119%

Higher net margin than 100% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

1st percentile

-80%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$895,638

Down $3,504,301 (-80%) from 2018

Net Assets

Down

$687,294

Down $1,477,760 (-68%) from 2018

Liabilities

Down

$208,344

Down $2,026,541 (-91%) from 2018

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$1,245,312

Down $2,080,951 (-249%) from 2018

Expenses

Down

$232,448

Down $421,814 (-64%) from 2018

Net Income

Down

-$1,477,760

Down $1,659,137 (-915%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$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

2019

Assets$895,638
Liabilities$208,344
Net Assets$687,294
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue-$1,245,312
Expenses$232,448
Net Income-$1,477,760
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$2,554,565
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$4,128,784$475,855▼ $3,652,929
Cash and Non-Interest-Bearing Accounts$229,171$397,213▲ $168,042
Other Notes and Loans Receivable, Net$32,072$32,929▲ $857
Accounts Receivable$9,345$7,856▼ $1,489
Total Assets$4,399,939$895,638▼ $3,504,301
Other Assets Total$567$-18,215▼ $18,782
Liabilities
Other Liabilities$338,518$201,942▼ $136,576
Accounts Payable and Accrued Expenses$26,777$3,704▼ $23,073
Mortgage Notes Payable Secured by Investment Property$1,869,590$2,698▼ $1,866,892
Total Liabilities$2,234,885$208,344▼ $2,026,541
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,165,054$687,294▼ $1,477,760
Total Net Assets Fund Balance$2,165,054$687,294▼ $1,477,760
Total Liabilities and Net Assets / Fund Balance$4,399,939$895,638▼ $3,504,301

Asset Categories

AssetBook ValueDepreciationBasis
Land$473,867-$473,867
Equipment-$223,898$223,898
Other Land Buildings-$68,948$68,948
Leasehold Improvements$1,988$23,454$25,442
Compensation and Service Providers
Top Officer PayScore unavailable

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
$1,023
Investment Income
$-1,541,996
Other Revenue
$295,661
Change in Net Assets
$-1,477,760
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$232,448
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$25,844$8,615-$34,459
Fees for Services Accounting$7,861$2,620-$10,481
Insurance$8,305--$8,305
Office Expenses-$7,787-$7,787
Other Expenses$3,558$1,503-$1,503
All Other Expenses$249$85-$334
Travel$20--$20
Interest$-10--$-10
Total Functional Expenses$45,827$186,621$0$232,448
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
Note Payable From Sale of Asset$164,415
Other Payables$35,452
Escrow Hardison$2,075
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
2020-11-13
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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0164415
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt135452
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22075
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE FROM SALE OF ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER PAYABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ESCROW HARDISON
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0475855
IRS990ScheduleD/TotalLiabilityAmt0201942
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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.
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
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
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IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1LA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0LOW INCOME
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1LOW INCOME
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0-11
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt1-13
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt011890 BOYLAN AVENUE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt111890 BOYLAN AVENUE
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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0895638
IRS990/TotalAssetsGrp/BOYAmt04399939
IRS990/TotalAssetsGrp/EOYAmt0895638
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0186621
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt045827
IRS990/TotalFunctionalExpensesGrp/TotalAmt0232448
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02234885
IRS990/TotalLiabilitiesEOYAmt0208344
IRS990/TotalLiabilitiesGrp/BOYAmt02234885
IRS990/TotalLiabilitiesGrp/EOYAmt0208344
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02165054
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0687294
IRS990/TotalProgramServiceExpensesAmt045827
IRS990/TotalProgramServiceRevenueAmt01023
IRS990/TotalRevenueGrp/ExclusionAmt0181
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-1245493
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-1245312
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04399939
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0895638
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt020
IRS990/TravelGrp/TotalAmt020
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0NASHVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037228
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ED LATIMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02257681510
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-13
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId089DB7CFCCC4A0EC5E80DEC34DDBDF15ED75E797C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0171CB16CBB34E0C4385407EE8F4F7C40E73C16D0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.79.123.106
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:04:40
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/PreparationDt02020-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL SHAFFER CPA
ReturnHeader/ReturnTs02020-11-16T16:04:40-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$895,638
Liabilities
$208,344
Net assets
$687,294
Revenue
-$1,245,312
Expenses
$232,448
Net income
-$1,477,760
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