Civic Intelligence

Spring Chase Inc

990 • Fiscal year 2016 • EIN 58-2227138

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 26, 2017

Organization Profilewww.Dekalbhousing.org/springchase.html
750 Commerce DriveDecatur, GA 30030-2612

(404) 270-2500

Siviq Scores

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

Liabilities / Assets

85th percentile

0.73x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

2.96x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • $10M-$25M nonprofits • Source year 2016

Net Margin

13th percentile

-24%

Higher net margin than 13% of similar nonprofits.

2016 filings • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2016 filings • $10M-$25M nonprofits • Source year 2016

Asset Growth

12th percentile

-7.2%

Faster asset growth than 12% of similar nonprofits.

2016 filings • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

37th percentile

-1.7%

Faster revenue growth than 37% of similar nonprofits.

2016 filings • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$11,670,702

Down $902,540 (-7.2%) from 2015

Net Assets

Down

$3,093,981

Down $708,270 (-19%) from 2015

Liabilities

Down

$8,576,721

Down $194,270 (-2.2%) from 2015

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin13th percentile

Revenue

Down

$2,895,833

Down $49,314 (-1.7%) from 2015

Expenses

Up

$3,604,103

Up $406,607 (+13%) from 2015

Net Income

Down

-$708,270

Down $455,921 (-181%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $13,474,467Liabilities 2010: $8,585,664Net Assets 2010: $4,888,8032010Assets 2012: $13,111,012Liabilities 2012: $8,749,173Net Assets 2012: $4,361,8392012Assets 2013: $15,041,199Liabilities 2013: $9,752,964Net Assets 2013: $5,288,2352013Assets 2014: $12,817,289Liabilities 2014: $8,762,689Net Assets 2014: $4,054,6002014Assets 2015: $12,573,242Liabilities 2015: $8,770,991Net Assets 2015: $3,802,2512015Assets 2016: $11,670,702Liabilities 2016: $8,576,721Net Assets 2016: $3,093,9812016Assets 2017: $11,458,415Liabilities 2017: $8,323,121Net Assets 2017: $3,135,2942017Assets 2018: $10,800,515Liabilities 2018: $9,664,706Net Assets 2018: $1,135,8092018Assets 2019: $7,062,604Liabilities 2019: $0Net Assets 2019: $7,062,6042019Assets 2020: $7,042,083Liabilities 2020: $0Net Assets 2020: $7,042,0832020Assets 2021: $6,774,261Liabilities 2021: $0Net Assets 2021: $6,774,2612021Assets 2022: $6,818,797Liabilities 2022: $0Net Assets 2022: $6,818,7972022Assets 2023: $8,371,883Liabilities 2023: $0Net Assets 2023: $8,371,8832023Assets 2024: $8,261,784Liabilities 2024: $0Net Assets 2024: $8,261,7842024Assets 2025: $8,179,231Liabilities 2025: $0Net Assets 2025: $8,179,2312025

Highlighted filing

2016

Assets$11,670,702
Liabilities$8,576,721
Net Assets$3,093,981
Open 2016 Filing

Operations Trend

Revenue Growth37th percentile

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

$10M$5.0M$0-$5.0MRevenue 2010: $2,559,105Expenses 2010: $3,288,594Net Income 2010: -$729,4892010Expenses 2012: $3,193,0642012Expenses 2013: $4,077,4012013Revenue 2014: $2,795,902Expenses 2014: $2,910,228Net Income 2014: -$114,3262014Revenue 2015: $2,945,147Expenses 2015: $3,197,496Net Income 2015: -$252,3492015Revenue 2016: $2,895,833Expenses 2016: $3,604,103Net Income 2016: -$708,2702016Revenue 2017: $2,961,296Expenses 2017: $2,919,983Net Income 2017: $41,3132017Revenue 2018: $2,989,113Expenses 2018: $4,988,598Net Income 2018: -$1,999,4852018Revenue 2019: $7,442,199Expenses 2019: $1,515,404Net Income 2019: $5,926,7952019Revenue 2020: $279,536Expenses 2020: $300,057Net Income 2020: -$20,5212020Revenue 2021: $32,168Expenses 2021: $300,000Net Income 2021: -$267,8322021Revenue 2022: $347,504Expenses 2022: $302,968Net Income 2022: $44,5362022Revenue 2023: $369,677Expenses 2023: $383,190Net Income 2023: -$13,5132023Revenue 2024: $193,461Expenses 2024: $303,560Net Income 2024: -$110,0992024Revenue 2025: $268,447Expenses 2025: $301,000Net Income 2025: -$32,5532025

Highlighted filing

2016

Revenue$2,895,833
Expenses$3,604,103
Net Income-$708,270
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 26, 2017
Return Version
2015v3.0
Gross Receipts
$2,895,833
Mission and Program Overview

Mission

To provide support to entities that provide affordable, decent, safe, and sanitary dwellings and apartments or other living accomodations for persons of low and moderate income.

To provide affordable, decent, safe, and sanitary dwellings, and apartments, or other living accomodations for persons of low and moderate income

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,579,760$9,978,292▼ $601,468
Cash and Non-Interest-Bearing Accounts$112,943$192,960▲ $80,017
Accounts Receivable$11,679$36,384▲ $24,705
Prepaid Expenses and Deferred Charges$23,994$32,598▲ $8,604
Total Assets$12,573,242$11,670,702▼ $902,540
Other Assets Total$1,844,866$1,430,468▼ $414,398
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,298,350$8,185,845▼ $112,505
Other Liabilities$303,615$328,986▲ $25,371
Accounts Payable and Accrued Expenses$169,026$61,890▼ $107,136
Total Liabilities$8,770,991$8,576,721▼ $194,270
Net Assets / Fund Balance
Unrestricted Net Assets$3,802,251$3,093,981▼ $708,270
Total Net Assets Fund Balance$3,802,251$3,093,981▼ $708,270
Total Liabilities and Net Assets / Fund Balance$12,573,242$11,670,702▼ $902,540

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,706,033$10,086,606$19,792,639
Equipment-$325,250$325,250
Land$272,259-$272,259
Other Assets Org$381,146--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Dorothy WilliamsChair
Eugene P Walker JrPresident/CEO
Yvette HudsonVice Chair
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,856,748
Investment Income
$220
Other Revenue
$38,865
Change in Net Assets
$-708,270

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,895,833
Total Revenue per Audited Statements
$2,895,833
Total Revenue per Form 990
$2,895,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,261,477
Salaries, Compensation, and Employee Benefits$342,626
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$800,000--$800,000
Depreciation Depletion$736,894--$736,894
Interest$347,635--$347,635
Occupancy$332,395--$332,395
Fees for Services Management$329,454--$329,454
Other Salaries and Wages$174,336$104,151-$278,487
Insurance$93,188--$93,188
Office Expenses-$68,659-$68,659
Pension Plan Contributions$40,152$23,987-$64,139
Fees for Services Accounting$13,598--$13,598
Other Expenses$9,120$61,166-$9,120
Fees for Services Legal$6,736--$6,736
Advertising$2,445--$2,445
Travel-$1,322-$1,322
Total Functional Expenses$3,344,818$259,285$0$3,604,103

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,604,103
Total Expenses per Audited Statements$3,604,103
Total Expenses per Form 990$3,604,103
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
Due to Related Parties$214,326
Tenant Security Deposits$114,660
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Spring Chase Inc
EIN
58-2227138
Phone
4042702500
Address
750 Commerce Drive, Decatur, GA 30030-2612

Signing Officer

Name
Eugene P Walker Jr
Title
President/CEO
Phone
4042702500
Signed
2017-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eugene P Walker Jr
Formed
1996
Legal Domicile
Ga
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Aprio Llp
Address
FIVE CONCOURSE PARKWAY SUITE 1000, ATLANTA, GA 30328
Preparer
Rebecca S Mccune
Phone
2059915506
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

“The project is managed by HADC, which is paid a fixed fee per unit occupied each month as pursuant to HUD guidelines. During the tax year, $245,543 in management fee expense was incurred.”

Pt VI, Line 11B

“The accountant fowards the Form 990 to the Director of Finance. The Director of Finance reviews the Form 990 to make sure the financial informaiton is accurate. The Director of Finance then forwards the Form 990 to the Secretary when signed.”

Form 990, Part IX, Line 24E

“Collection & Casualty Losses”

Form 990, Part IX, Line 24E

“Lease Termination”

Form 990, Part IX, Line 24E

“Concessions”

Form 990, Part IX, Line 24E

“Vacancy Loss”

Raw XML Appendix351 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The project is managed by HADC, which is paid a fixed fee per unit occupied each month as pursuant to HUD guidelines. During the tax year, $245,543 in management fee expense was incurred.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The accountant fowards the Form 990 to the Director of Finance. The Director of Finance reviews the Form 990 to make sure the financial informaiton is accurate. The Director of Finance then forwards the Form 990 to the Secretary when signed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Collection & Casualty Losses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Lease Termination
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Concessions
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Vacancy Loss
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1na
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Housing Authority of Dekalb County
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Housing Development Corp of Dekalb
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0590899958
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1581820981
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(25)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(25)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW-INC HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1LOW-INC HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0750 Commerce Drive
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1750 CommerceDrive
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Decatur
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Decatur
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd030030
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd130030
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt012573242
IRS990/TotalAssetsEOYAmt011670702
IRS990/TotalAssetsGrp/BOYAmt012573242
IRS990/TotalAssetsGrp/EOYAmt011670702
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0259285
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03344818
IRS990/TotalFunctionalExpensesGrp/TotalAmt03604103
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08770991
IRS990/TotalLiabilitiesEOYAmt08576721
IRS990/TotalLiabilitiesGrp/BOYAmt08770991
IRS990/TotalLiabilitiesGrp/EOYAmt08576721
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03802251
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03093981
IRS990/TotalProgramServiceExpensesAmt03344818
IRS990/TotalProgramServiceRevenueAmt02856748
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02895833
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02895833
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012573242
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011670702
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt01322
IRS990/TravelGrp/TotalAmt01322
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03802251
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03093981
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0750 Commerce Dr
IRS990/USAddress/CityNm0Decatur
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd0300302612
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.Dekalbhousing.org/springchase.html
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EUGENE P WALKER JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04042702500
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Spring Chase Inc
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0582227138
ReturnHeader/Filer/PhoneNum04042702500
ReturnHeader/Filer/USAddress/AddressLine1Txt0750 Commerce Drive
ReturnHeader/Filer/USAddress/CityNm0Decatur
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd0300302612
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0APRIO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0FIVE CONCOURSE PARKWAY SUITE 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030328
ReturnHeader/PreparerPersonGrp/PhoneNum02059915506
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0REBECCA S MCCUNE
ReturnHeader/ReturnTs02017-05-12T13:13:53-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,670,702
Liabilities
$8,576,721
Net assets
$3,093,981
Revenue
$2,895,833
Expenses
$3,604,103
Net income
-$708,270
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.18$0.00$8.18$0.27$0.30$0.03
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.26$0.00$8.26$0.19$0.30$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.37$0.00$8.37$0.37$0.38$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.82$0.00$6.82$0.35$0.30$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.77$0.00$6.77$0.03$0.30$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.04$0.00$7.04$0.28$0.30$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.06$0.00$7.06$7.44$1.52$5.93
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$9.66$1.14$2.99$4.99$2.00
2017Summary only. Only limited summary data is available for this year.$11.5$8.32$3.14$2.96$2.92$0.04
2016Detailed filing. Detailed filing data is available for this year.$11.7$8.58$3.09$2.90$3.60$0.71
2015Detailed filing. Detailed filing data is available for this year.$12.6$8.77$3.80$2.95$3.20$0.25
2014Detailed filing. Detailed filing data is available for this year.$12.8$8.76$4.05$2.80$2.91$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$9.75$5.29$4.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$8.75$4.36$3.19
2010Summary only. Only limited summary data is available for this year.$13.5$8.59$4.89$2.56$3.29$0.73