Civic Intelligence

Hrc Communities Inc.

990 • Fiscal year 2020 • EIN 58-2355579

Oct 01, 2019 to Sep 30, 2020 • Filed on Jul 14, 2021

Organization ProfileN/A
PO Box 53274Atlanta, GA 30355

(404) 816-9770

Siviq Scores

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

Liabilities / Assets

57th percentile

0.08x

Higher debt load relative to assets than 57% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.29x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

17th percentile

-20%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

21st percentile

-3.9%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

66th percentile

10%

Faster revenue growth than 66% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$535,849

Down $21,802 (-3.9%) from 2019

Net Assets

Down

$491,585

Down $30,062 (-5.8%) from 2019

Liabilities

Up

$44,264

Up $8,260 (+23%) from 2019

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin17th percentile

Revenue

Up

$153,365

Up $14,124 (+10%) from 2019

Expenses

Up

$183,427

Up $8,692 (+5.0%) from 2019

Net Income

Up

-$30,062

Up $5,432 (+15%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$800K$600K$400K$200K$0Assets 2011: $745,400Liabilities 2011: $9,713Net Assets 2011: $735,6872011Assets 2012: $722,884Liabilities 2012: $11,852Net Assets 2012: $711,0322012Assets 2013: $698,248Liabilities 2013: $11,422Net Assets 2013: $686,8262013Assets 2014: $683,502Liabilities 2014: $24,311Net Assets 2014: $659,1912014Assets 2015: $650,092Liabilities 2015: $17,190Net Assets 2015: $632,9022015Assets 2016: $635,138Liabilities 2016: $24,184Net Assets 2016: $610,9542016Assets 2017: $600,951Liabilities 2017: $23,794Net Assets 2017: $577,1572017Assets 2018: $582,713Liabilities 2018: $28,572Net Assets 2018: $554,1412018Assets 2019: $557,651Liabilities 2019: $36,004Net Assets 2019: $521,6472019Assets 2020: $535,849Liabilities 2020: $44,264Net Assets 2020: $491,5852020Assets 2021: $521,228Liabilities 2021: $60,080Net Assets 2021: $461,1482021Assets 2022: $485,845Liabilities 2022: $69,742Net Assets 2022: $416,1032022Assets 2023: $451,038Liabilities 2023: $79,527Net Assets 2023: $371,5112023Assets 2024: $432,218Liabilities 2024: $69,147Net Assets 2024: $363,0712024

Highlighted filing

2020

Assets$535,849
Liabilities$44,264
Net Assets$491,585
Open 2020 Filing

Operations Trend

Revenue Growth66th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $77,061Expenses 2011: $101,634Net Income 2011: -$24,5732011Revenue 2012: $72,677Expenses 2012: $97,332Net Income 2012: -$24,6552012Revenue 2013: $77,053Expenses 2013: $101,259Net Income 2013: -$24,2062013Revenue 2014: $90,066Expenses 2014: $117,701Net Income 2014: -$27,6352014Revenue 2015: $127,813Expenses 2015: $154,102Net Income 2015: -$26,2892015Revenue 2016: $129,775Expenses 2016: $151,723Net Income 2016: -$21,9482016Revenue 2017: $126,456Expenses 2017: $160,253Net Income 2017: -$33,7972017Revenue 2018: $127,273Expenses 2018: $150,289Net Income 2018: -$23,0162018Revenue 2019: $139,241Expenses 2019: $174,735Net Income 2019: -$35,4942019Revenue 2020: $153,365Expenses 2020: $183,427Net Income 2020: -$30,0622020Revenue 2021: $156,404Expenses 2021: $186,841Net Income 2021: -$30,4372021Revenue 2022: $163,150Expenses 2022: $208,193Net Income 2022: -$45,0432022Revenue 2023: $166,759Expenses 2023: $211,351Net Income 2023: -$44,5922023Revenue 2024: $194,539Expenses 2024: $202,979Net Income 2024: -$8,4402024

Highlighted filing

2020

Revenue$153,365
Expenses$183,427
Net Income-$30,062
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jul 14, 2021
Return Version
2019v5.1
Gross Receipts
$153,365
Mission and Program Overview

Mission

Provide housing to low income elderly persons by operating an apartment community regulated by HUD under Section 202 of the National Housing Act of 1959.

Providing housing to low income elderly persons by operating a HUD-assisted apartment community regulated under Section 202 of the National Housing Act of 1959.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$468,358$437,663▼ $30,695
Cash and Non-Interest-Bearing Accounts$1,208$7,946▲ $6,738
Prepaid Expenses and Deferred Charges$3,681$3,726▲ $45
Accounts Receivable$3,259--
Total Assets$557,651$535,849▼ $21,802
Other Assets Total$81,145$86,514▲ $5,369
Liabilities
Accounts Payable and Accrued Expenses$30,678$39,074▲ $8,396
Other Liabilities$5,060$5,190▲ $130
Deferred Revenue$266--
Total Liabilities$36,004$44,264▲ $8,260
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$521,647$491,585▼ $30,062
Total Net Assets Fund Balance$521,647$491,585▼ $30,062
Total Liabilities and Net Assets / Fund Balance$557,651$535,849▼ $21,802

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$375,831$569,982$945,813
Land$56,420-$56,420
Other Land Buildings$5,412$30,241$35,653
Other Assets Org$680--
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Alan PatricioPresident
Susan McDonaldVice President
Darrell WigginsDirector
Gary EdwardsDirector
Diana McIverSecy/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$153,065
Investment Income
$40
Other Revenue
$260
Change in Net Assets
$-30,062

Audited Revenue Reconciliation

Revenue per Audited Statements
$153,365
Total Revenue per Audited Statements
$153,365
Total Revenue per Form 990
$153,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,438
Salaries, Compensation, and Employee Benefits$44,989
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$40,656--$40,656
Depreciation Depletion$32,444--$32,444
Insurance$21,421--$21,421
Fees for Services Management-$13,074-$13,074
Office Expenses$9,256--$9,256
Other Expenses$4,969--$4,969
Fees for Services Accounting-$4,728-$4,728
Payroll Taxes$4,333--$4,333
All Other Expenses$1,568--$1,568
Conferences and Meetings$1,000--$1,000
Fees for Services Legal$72--$72
Total Functional Expenses$165,625$17,802$0$183,427

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$183,427
Total Expenses per Audited Statements$183,427
Total Expenses per Form 990$183,427
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
Federal income taxes$5,190
Tenant security deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization has entered into a management agreement with a management company for day-to-day management of the apartment community as is common practice for owners/operators of HUD-assisted rental communities.”

Form 990, Part VI, Section B, Line 11B

“The return is prepared by a certified public accounting firm and provided to the management company for initial review and approval. After any questions and comments from the management company are addressed, the return is provided to the board of directors for final review and approval. After any questions and comments from the board of directors are addressed, the final approved return is provided to the designated board officer for signature and filing.”

Form 990, Part VI, Section B, Line 12C

“Compliance is monitored at regularly scheduled meetings of the board of directors and at other times, if needed.”

Form 990, Part VI, Section C, Line 19

“Documents are maintained by the board of directors and copies are provided upon request.”

Filing and Contact Details

Filer

Filer Name
HRC Communities Inc
EIN
58-2355579
Phone
4048169770
Address
PO Box 53274, Atlanta, GA 30355

Signing Officer

Name
Alan B Patricio
Title
President
Phone
4048169770
Signed
2021-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan B Patricio
Formed
1997
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Acorn Business Consulting LLC
Address
4704 Sharon Valley Court, Atlanta, GA 30360
Preparer
Seth Strongin
Phone
7704519998
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0140
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0676640
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0153325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0139198
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0127253
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0126437
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0130427
IRS990ScheduleA/Total509Grp/TotalAmt0676640
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0153365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0139241
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0127273
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0126456
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0130445
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0676780
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0375831
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0569982
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0945813
IRS990ScheduleD/ExpensesSubtotalAmt0183427
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt056420
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt056420
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05365
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1420
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt277418
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt32631
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4680
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant security deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Insurance escrow
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Replacement reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Residual receipts reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Utility deposit
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05412
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030241
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt035653
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant security deposits
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0153365
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0437663
IRS990ScheduleD/TotalBookValueOtherAssetsAmt086514
IRS990ScheduleD/TotalExpensesPerForm990Amt0183427
IRS990ScheduleD/TotalLiabilityAmt05190
IRS990ScheduleD/TotalRevenuePerForm990Amt0153365
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0153365
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0183427
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has entered into a management agreement with a management company for day-to-day management of the apartment community as is common practice for owners/operators of HUD-assisted rental communities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The return is prepared by a certified public accounting firm and provided to the management company for initial review and approval. After any questions and comments from the management company are addressed, the return is provided to the board of directors for final review and approval. After any questions and comments from the board of directors are addressed, the final approved return is provided to the designated board officer for signature and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compliance is monitored at regularly scheduled meetings of the board of directors and at other times, if needed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents are maintained by the board of directors and copies are provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0557651
IRS990/TotalAssetsEOYAmt0535849
IRS990/TotalAssetsGrp/BOYAmt0557651
IRS990/TotalAssetsGrp/EOYAmt0535849
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017802
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0165625
IRS990/TotalFunctionalExpensesGrp/TotalAmt0183427
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036004
IRS990/TotalLiabilitiesEOYAmt044264
IRS990/TotalLiabilitiesGrp/BOYAmt036004
IRS990/TotalLiabilitiesGrp/EOYAmt044264
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0521647
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0491585
IRS990/TotalProgramServiceExpensesAmt0165625
IRS990/TotalProgramServiceRevenueAmt0153065
IRS990/TotalRevenueGrp/ExclusionAmt040
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0153325
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0153365
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0557651
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0535849
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 53274
IRS990/USAddress/CityNm0Atlanta
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030355
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Alan B Patricio
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04048169770
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HRC Communities Inc
ReturnHeader/Filer/BusinessNameControlTxt0HRCC
ReturnHeader/Filer/EIN0582355579
ReturnHeader/Filer/PhoneNum04048169770
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 53274
ReturnHeader/Filer/USAddress/CityNm0Atlanta
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030355
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Acorn Business Consulting LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04704 Sharon Valley Court
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Atlanta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$535,849
Liabilities
$44,264
Net assets
$491,585
Revenue
$153,365
Expenses
$183,427
Net income
-$30,062
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.32$0.69$3.63$1.95$2.03$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.51$0.80$3.72$1.67$2.11$0.45
2022Detailed filing. Detailed filing data is available for this year.$4.86$0.70$4.16$1.63$2.08$0.45
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.21$0.60$4.61$1.56$1.87$0.30
2020Detailed filing. Detailed filing data is available for this year.$5.36$0.44$4.92$1.53$1.83$0.30
2019Summary only. Only limited summary data is available for this year.$5.58$0.36$5.22$1.39$1.75$0.35
2018Summary only. Only limited summary data is available for this year.$5.83$0.29$5.54$1.27$1.50$0.23
2017Summary only. Only limited summary data is available for this year.$6.01$0.24$5.77$1.26$1.60$0.34
2016Summary only. Only limited summary data is available for this year.$6.35$0.24$6.11$1.30$1.52$0.22
2015Summary only. Only limited summary data is available for this year.$6.50$0.17$6.33$1.28$1.54$0.26
2014Summary only. Only limited summary data is available for this year.$6.84$0.24$6.59$0.90$1.18$0.28
2013Summary only. Only limited summary data is available for this year.$6.98$0.11$6.87$0.77$1.01$0.24
2012Summary only. Only limited summary data is available for this year.$7.23$0.12$7.11$0.73$0.97$0.25
2011Summary only. Only limited summary data is available for this year.$7.45$0.10$7.36$0.77$1.02$0.25