Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.50x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
25th percentile
Higher net margin than 25% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
31st percentile
Faster asset growth than 31% of similar nonprofits.
Revenue Growth
56th percentile
Faster revenue growth than 56% of similar nonprofits.
Balance Sheet
Assets
Down$328,587
Down $41,150 (-11%) from 2022
Net Assets
Down-$165,230
Down $84,743 (-105%) from 2022
Liabilities
Up$493,817
Up $43,593 (+9.7%) from 2022
Revenue And Expenses
Revenue
Up$71,703
Up $6,450 (+9.9%) from 2022
Expenses
Up$80,487
Up $36,812 (+84%) from 2022
Net Income
Down-$8,784
Down $30,362 (-141%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- May 13, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $71,703
Mission and Program Overview
Mission
The us department of housing assistance for the less severly handicapped in an independent housing facility of 16 units for 16 tenants.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE US DEPARTMENT OF HOUSING ASSISTANCE FOR THE LESS SEVERLY HANDICAPPED IN AN INDEPENDENT HOUSING FACILITY OF 16 UNITS FOR 16 TENANTS. | - | $75,191 |
| THE US DEPARTMENT OF HOUSING ASSISTANCE FOR THE LESS SEVERLY HANDICAPPED IN AN INDEPENDENT HOUSING FACILITY OF 16 UNITS FOR 16 TENANTS. | - | $2,446 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| GARY SMITH | President | - | $0 | - | - |
| KAREN HOPPER | Secretary | - | $0 | - | - |
| DAVID CULLIPHER | Member | - | $0 | - | - |
| OLIVIA MCDANIEL | Executive Di | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Basic Independent Apartments Inc
- EIN
- 58-1824754
- Phone
- 8704254515
- Address
- 1635 LEO DAVIS DR, MOUNTAIN HOME, AR 72653
Signing Officer
- Name
- Gary Smith
- Title
- President
- Phone
- 8704254515
- Signed
- 2024-05-13
Preparer
- Firm
- Pippin CPA LLC
- Address
- 904 S MAIN ST, MOUNTAIN HOME, AR 72653-4760
- Preparer
- Billy I Pippin CPA
- Phone
- 8704251120
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses 2,796 25,386 non-investment depreciation 14,998 total 43,180”
Form 990-ez, Part I, Line 20
“-75,957”
Form 990-ez, Part II, Line 24
“527,811 598,009 less accumulated depreciation 366,441 381,439 due from twin rivers 0 8,972 total 161,370 225,542”
Form 990-ez, Part II, Line 26
“Prior year liabilities 0 0 security deposits payable 1,943 1,943 due to ozark community home 55,800 55,800 due to trclf 1,328 0 notes payable hud 391,153 436,074”
Form 990-ez, Part III
“The us department of housing assistance for the less severly handicapped in an independent housing facility of 16 units for 16 tenants.”
Form 990-ez, Part III, Line 31
“The us department of housing assistance for the less severly handicapped in an independent housing facility of 16 units for 16 tenants.”
Raw XML Appendix154 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 DR |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MOUNTAIN HOME |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | AR |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 72653 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 165789 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 60468 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -8784 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2850 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 369735 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 328587 |
| IRS990EZ/GrossReceiptsAmt | 0 | 71703 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 6 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 42576 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 42577 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -80489 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -165230 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -80489 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -165230 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 34457 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 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 DI |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 161370 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 225542 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -75957 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 43180 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE US DEPARTMENT OF HOUSING ASSISTANCE FOR THE LESS SEVERLY HANDICAPPED IN AN INDEPENDENT HOUSING FACILITY OF 16 UNITS FOR 16 TENANTS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 71697 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE US DEPARTMENT OF HOUSING ASSISTANCE FOR THE LESS SEVERLY HANDICAPPED IN AN INDEPENDENT HOUSING FACILITY OF 16 UNITS FOR 16 TENANTS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | THE US DEPARTMENT OF HOUSING ASSISTANCE FOR THE LESS SEVERLY HANDICAPPED IN AN INDEPENDENT HOUSING FACILITY OF 16 UNITS FOR 16 TENANTS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 75191 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 2446 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 450224 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 493817 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 80487 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 77637 |
| IRS990EZ/TotalRevenueAmt | 0 | 71703 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 21870 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 18801 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 22856 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 63527 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 71703 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 65253 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 51815 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 66219 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 52015 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 307005 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 370532 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 71703 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 65253 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 73685 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 85020 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 74871 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 370532 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 71703 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 65253 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 73685 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 85020 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 74871 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 370532 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES 2,796 25,386 NON-INVESTMENT DEPRECIATION 14,998 TOTAL 43,180 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | -75,957 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 527,811 598,009 LESS ACCUMULATED DEPRECIATION 366,441 381,439 DUE FROM TWIN RIVERS 0 8,972 TOTAL 161,370 225,542 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | PRIOR YEAR LIABILITIES 0 0 SECURITY DEPOSITS PAYABLE 1,943 1,943 DUE TO OZARK COMMUNITY HOME 55,800 55,800 DUE TO TRCLF 1,328 0 NOTES PAYABLE HUD 391,153 436,074 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE US DEPARTMENT OF HOUSING ASSISTANCE FOR THE LESS SEVERLY HANDICAPPED IN AN INDEPENDENT HOUSING FACILITY OF 16 UNITS FOR 16 TENANTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE US DEPARTMENT OF HOUSING ASSISTANCE FOR THE LESS SEVERLY HANDICAPPED IN AN INDEPENDENT HOUSING FACILITY OF 16 UNITS FOR 16 TENANTS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | GARY SMITH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8704254515 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-05-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | BASIC INDEPENDENT APARTMENTS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BASI |
| ReturnHeader/Filer/EIN | 0 | 581824754 |
| ReturnHeader/Filer/PhoneNum | 0 | 8704254515 |
| 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/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 263228559 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | PIPPIN CPA LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 904 S MAIN ST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MOUNTAIN HOME |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | AR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 726534760 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8704251120 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-05-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BILLY I PIPPIN CPA |
| ReturnHeader/ReturnTs | 0 | 2024-05-14T15:50:22-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | GARY |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | SMITH |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $328,587
- Liabilities
- $493,817
- Net assets
- -$165,230
- Revenue
- $71,703
- Expenses
- $80,487
- Net income
- -$8,784