Basic Independence Apartments Inc.

990EZ • Fiscal year 2018 • EIN 58-1824754

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 04, 2018

Organization Profile N/A

1635 Leo Davis DrMountain Home, AR 72653

(870) 425-4515

Siviq Scores

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

1.77x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

5.38x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

-1.8%

Higher net margin than 36% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

-4.8%

Faster asset growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

-4.8%

Faster revenue growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet

Liabilities / Assets97th percentile

Assets

Down

$199,151

Down $10,032 (-4.8%) from 2017

Net Assets

Down

-$153,307

Down $1,187 (-0.8%) from 2017

Liabilities

Down

$352,458

Down $8,845 (-2.4%) from 2017

Revenue And Expenses

Liabilities / Revenue99th percentile Net Margin36th percentile

Revenue

Down

$65,527

Down $3,340 (-4.8%) from 2017

Expenses

Down

$66,714

Down $1,114 (-1.6%) from 2017

Net Income

Down

-$1,187

Down $2,226 (-214%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

Highlighted filing

2018

Assets$199,151

Liabilities$352,458

Net Assets-$153,307

Open 2018 Filing

Operations Trend

Revenue Growth41st percentile

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

Highlighted filing

2018

Revenue$65,527

Expenses$66,714

Net Income-$1,187

Open 2018 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2017 to Jun 30, 2018
Signed: Oct 4, 2018
Return Version: 2017v2.2
Gross Receipts: $65,527

Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

Description	Grants	Expenses
THE US DEPARTMENT OF HOUSING ASSISTANCE FOR THE LESS SEVERELY HANDICAPPED IN AN INDEPENDENT HOUSING FACILITY OF 16 UNITS FOR 16 TENANTS	-	-

Compensation and Service Providers

Top Officer Pay76th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
GARY SMITH	President	-	$0	-	-
KAREN HOPPER	Secretary	-	$0	-	-
DAVID CULLIPHER	Member	-	$0	-	-
OLIVIA MCDANIEL	Executive Director	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Basic Independence Apartments Inc
EIN: 58-1824754
Address: 1635 LEO DAVIS DR, MOUNTAIN HOME, AR 72653

Signing Officer

Name: Olivia Mcdaniel
Title: Executive Direc
Phone: 8704254515
Signed: 2018-10-04
Discuss with paid preparer: No

Preparer

Firm: Pippin CPA LLC
Address: PO BOX 56, Gainesville, MO 65655
Preparer: Billy I Pippin CPA
Phone: 8704251120

Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description amountinterest paid 25,909bank charges 168telephone 1,759electric 12,372cable 1,235water 6,998trash pick up 1,333repairs - building 1,161repairs - equipment 2,406property taxes 48auto expense 350non-investment depreciation 10,107dues and subscriptions 468”

Description of other assets Part II line 24

“Category beginning of year end of yearequipment 118,102 7,199”

Description of total liabilities Part II line 26

“Category beginning of year end of yearnote payable 304,310 289,774tenant security deposit 1,193 1,943unsecured note - loan payable 55,800 55,800prior period adjustment 0 4,941”

Raw XML Appendix165 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.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	OLIVIA MCDANIEL
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	8704254515
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	1635 LEO DAVIS DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	MOUNTAIN HOME
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	AR
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	72653
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	48504
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	48579
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-1187
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	2400
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	209183
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	199151
IRS990EZ/GrossReceiptsAmt	0	65527
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InvestmentIncomeAmt	0	11
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	42577
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	143373
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	-152120
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	-153307
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	-152120
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	-153307
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	3	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	GARY SMITH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	KAREN HOPPER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	DAVID CULLIPHER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	OLIVIA MCDANIEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	118102
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	7199
IRS990EZ/OtherExpensesTotalAmt	0	64314
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	SEE SCHEDULE O
IRS990EZ/ProgramServiceRevenueAmt	0	65516
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	THE US DEPARTMENT OF HOUSING ASSISTANCE FOR THE LESS SEVERELY HANDICAPPED IN AN INDEPENDENT HOUSING FACILITY OF 16 UNITS FOR 16 TENANTS
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	361303
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	352458
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	66714
IRS990EZ/TotalProgramServiceExpensesAmt	0	0
IRS990EZ/TotalRevenueAmt	0	65527
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	23205
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	18769
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	22822
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	20371
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	21863
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	107030
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	68820
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	75646
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	79836
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	77117
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	301419
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	42311
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	50051
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	52824
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	59465
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	55254
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	259905
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	68820
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	75646
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	79836
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	77117
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	301419
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.45000
IRS990ScheduleA/InvestmentIncomePYPct	0	0.50000
IRS990ScheduleA/PrivateFoundation509Ind	0	X
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.54900
IRS990ScheduleA/PublicSupportPY509Pct	0	0.50000
IRS990ScheduleA/PublicSupportTotal509Amt	0	366935
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	65516
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	68820
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	75646
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	79836
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	77117
IRS990ScheduleA/Total509Grp/TotalAmt	0	366935
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	65516
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	137640
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	151292
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	159672
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	154234
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	668354
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DESCRIPTION AMOUNTINTEREST PAID 25,909BANK CHARGES 168TELEPHONE 1,759ELECTRIC 12,372CABLE 1,235WATER 6,998TRASH PICK UP 1,333REPAIRS - BUILDING 1,161REPAIRS - EQUIPMENT 2,406PROPERTY TAXES 48AUTO EXPENSE 350NON-INVESTMENT DEPRECIATION 10,107DUES AND SUBSCRIPTIONS 468
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	CATEGORY BEGINNING OF YEAR END OF YEAREQUIPMENT 118,102 7,199
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	CATEGORY BEGINNING OF YEAR END OF YEARNOTE PAYABLE 304,310 289,774TENANT SECURITY DEPOSIT 1,193 1,943UNSECURED NOTE - LOAN PAYABLE 55,800 55,800PRIOR PERIOD ADJUSTMENT 0 4,941
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Description of total liabilities Part II line 26
ReturnHeader/BuildTS	0	2019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	false
ReturnHeader/BusinessOfficerGrp/PersonNm	0	OLIVIA MCDANIEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8704254515
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2018-10-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	BASIC INDEPENDENCE APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt	0	BASI
ReturnHeader/Filer/EIN	0	581824754
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	1635 LEO DAVIS DR
ReturnHeader/Filer/USAddress/CityNm	0	MOUNTAIN HOME
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	AR
ReturnHeader/Filer/USAddress/ZIPCd	0	72653
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	2D134747F0FA4BE0F405F45319DFFA2F34BD9231
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId	0	2D134747F0FA4BE0F405F45319DFFA2F34BD9231
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId	0	4323042018317k1uiumk
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt	0	2018-11-13
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	184.171.140.17
ReturnHeader/FilingSecurityInformation/IPDt	0	2018-11-13
ReturnHeader/FilingSecurityInformation/IPTm	0	14:11:04
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	263228559
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	PIPPIN CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	PO BOX 56
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Gainesville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	65655
ReturnHeader/PreparerPersonGrp/PhoneNum	0	8704251120
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2018-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Billy I Pippin CPA
ReturnHeader/ReturnTs	0	2018-11-07T10:54:37-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2017-07-01
ReturnHeader/TaxPeriodEndDt	0	2018-06-30
ReturnHeader/TaxYr	0	2017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $199,151
Liabilities: $352,458
Net assets: -$153,307
Revenue: $65,527
Expenses: $66,714
Net income: -$1,187

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.09	$4.77	$1.68	$0.66	$0.69	$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.29	$4.94	$1.65	$0.72	$0.80	$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.70	$4.50	$0.80	$0.65	$0.44	$0.22
2021Detailed filing. Detailed filing data is available for this year.	$3.82	$4.84	$1.02	$0.74	$0.75	$0.01
2020Detailed filing. Detailed filing data is available for this year.	$4.08	$4.94	$0.86	$0.85	$0.36	$0.49
2019Detailed filing. Detailed filing data is available for this year.	$3.80	$5.18	$1.38	$0.76	$0.61	$0.15
2018Detailed filing. Detailed filing data is available for this year.	$1.99	$3.52	$1.53	$0.66	$0.67	$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.09	$3.61	$1.52	$0.69	$0.68	$0.01
2016Detailed filing. Detailed filing data is available for this year.	$2.17	$3.70	$1.53	$0.76	$0.78	$0.02
2015Detailed filing. Detailed filing data is available for this year.	$2.29	$3.81	$1.51	$0.80	$0.81	$0.01
2014Detailed filing. Detailed filing data is available for this year.	$2.41	$3.92	$1.50	$0.78	$0.84	$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.56	$4.00	$1.44	$0.73	$0.71	$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.62	$5.10	$2.48	$0.75	$0.74	$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.68	$5.18	$2.49	$0.70	$1.07	$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.82	$4.94	$2.13	$0.69	$1.03	$0.34