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.
1.54x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
34th percentile
Higher net margin than 34% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
37th percentile
Faster asset growth than 37% of similar nonprofits.
Revenue Growth
37th percentile
Faster revenue growth than 37% of similar nonprofits.
Balance Sheet
Assets
Down$308,694
Down $19,893 (-6.1%) from 2023
Net Assets
Down-$167,832
Down $2,602 (-1.6%) from 2023
Liabilities
Down$476,526
Down $17,291 (-3.5%) from 2023
Revenue And Expenses
Revenue
Down$66,477
Down $5,226 (-7.3%) from 2023
Expenses
Down$69,079
Down $11,408 (-14%) from 2023
Net Income
Up-$2,602
Up $6,182 (+70%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- Mar 11, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $66,477
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. | - | $64,426 |
| THE US DEPARTMENT OF HOUSING ASSISTANCE FOR THE LESS SEVERLY HANDICAPPED IN AN INDEPENDENT HOUSING FACILITY OF 16 UNITS FOR 16 TENANTS. | - | $2,553 |
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
- 2025-03-11
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 telephone 2,745 bank charges 48 14,795 non-investment depreciation 14,456 total 32,044”
Form 990-ez, Part II, Line 24
“598,009 598,009 less accumulated depreciation 381,439 395,895 due from twin rivers 8,972 8,972 total 225,542 211,086”
Form 990-ez, Part II, Line 26
“Prior year liabilities 0 0 security deposits payable 1,943 1,774 due to ozark community home 55,800 55,800 due to trclf 0 0 notes payable hud 436,074 418,952”
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 Appendix148 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 | 60468 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 55031 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -2602 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2100 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 328587 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 308694 |
| IRS990EZ/GrossReceiptsAmt | 0 | 66477 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 39 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 42577 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 42577 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -165230 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -167832 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -165230 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -167832 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 34935 |
| 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 | 225542 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 211086 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 32044 |
| 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 | 66438 |
| 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 | 64426 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 2553 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 493817 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 476526 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 69079 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 66979 |
| IRS990EZ/TotalRevenueAmt | 0 | 66477 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 21870 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 18801 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 40671 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 66477 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 71703 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 65253 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 51815 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 66219 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 321467 |
| 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 | 362138 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 66477 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 71703 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 65253 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 73685 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 85020 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 362138 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 66477 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 71703 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 65253 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 73685 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 85020 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 362138 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES TELEPHONE 2,745 BANK CHARGES 48 14,795 NON-INVESTMENT DEPRECIATION 14,456 TOTAL 32,044 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 598,009 598,009 LESS ACCUMULATED DEPRECIATION 381,439 395,895 DUE FROM TWIN RIVERS 8,972 8,972 TOTAL 225,542 211,086 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PRIOR YEAR LIABILITIES 0 0 SECURITY DEPOSITS PAYABLE 1,943 1,774 DUE TO OZARK COMMUNITY HOME 55,800 55,800 DUE TO TRCLF 0 0 NOTES PAYABLE HUD 436,074 418,952 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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 | 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/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | GARY SMITH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8704254515 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-03-11 |
| 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 | 2025-05-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BILLY I PIPPIN CPA |
| ReturnHeader/ReturnTs | 0 | 2025-05-13T12:13:32-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $308,694
- Liabilities
- $476,526
- Net assets
- -$167,832
- Revenue
- $66,477
- Expenses
- $69,079
- Net income
- -$2,602