Civic Intelligence

Hrc Communities Inc.

990 • Fiscal year 2023 • EIN 58-2355579

Oct 01, 2022 to Sep 30, 2023 • Filed on Feb 20, 2024

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

83rd percentile

0.18x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

0.48x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

16th percentile

-27%

Higher net margin than 16% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

35th percentile

-7.2%

Faster asset growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

47th percentile

2.2%

Faster revenue growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$451,038

Down $34,807 (-7.2%) from 2022

Net Assets

Down

$371,511

Down $44,592 (-11%) from 2022

Liabilities

Up

$79,527

Up $9,785 (+14%) from 2022

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin16th percentile

Revenue

Up

$166,759

Up $3,609 (+2.2%) from 2022

Expenses

Up

$211,351

Up $3,158 (+1.5%) from 2022

Net Income

Up

-$44,592

Up $451 (+1.0%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2023

Assets$451,038
Liabilities$79,527
Net Assets$371,511
Open 2023 Filing

Operations Trend

Revenue Growth47th 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

2023

Revenue$166,759
Expenses$211,351
Net Income-$44,592
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Feb 20, 2024
Return Version
2022v5.0
Gross Receipts
$166,759
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$407,568$372,573▼ $34,995
Prepaid Expenses and Deferred Charges$3,912$3,912→ $0
Accounts Receivable$663$1,226▲ $563
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Total Assets$485,845$451,038▼ $34,807
Other Assets Total$73,602$73,227▼ $375
Liabilities
Accounts Payable and Accrued Expenses$64,367$74,436▲ $10,069
Other Liabilities$5,375$5,091▼ $284
Total Liabilities$69,742$79,527▲ $9,785
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$416,103$371,511▼ $44,592
Total Net Assets Fund Balance$416,103$371,511▼ $44,592
Total Liabilities and Net Assets / Fund Balance$485,845$451,038▼ $34,807

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$315,958$677,424-
Land$56,420--
Equipment$195$23,440-
Other Assets Org$680--
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Alan PatricioFormer President
Diana MciverSecretary/treasurer/president
Susan McdonaldVice President
Ann Marie SchmidtDirector
Linda PrestonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$166,738
Investment Income
$21
Other Revenue
$0
Change in Net Assets
$-44,592

Audited Revenue Reconciliation

Revenue per Audited Statements
$166,759
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$166,759
Total Revenue per Form 990
$166,759
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$144,848
Salaries, Compensation, and Employee Benefits$66,503
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$47,644--$47,644
Other Salaries and Wages$46,083--$46,083
Depreciation Depletion$34,995--$34,995
Other Employee Benefits$15,703--$15,703
Fees for Services Management-$14,344-$14,344
Other Expenses$11,335$2,332-$11,335
Insurance$11,329--$11,329
Fees for Services Accounting-$9,250-$9,250
Payroll Taxes$4,717--$4,717
Total Functional Expenses$185,425$25,926$0$211,351

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$211,351
Total Expenses per Audited Statements$211,351
Total Expenses per Form 990$211,351
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Tenant Deposits Held in Trust$5,091
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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 agreement for a day to day management of the apartment community as is common practice for owner/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 questions and comments from the management company, if any, are addressed, the return is provided to the board of directors for final review and approval. Only after all questions from the board of directors are answered is the final return approved and provided to a 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 as needed.”

Form 990, Part VI, Section C, Line 18

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

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 Dba the Cottages
EIN
58-2355579
Phone
4048169770
Address
PO BOX 53274, ATLANTA, GA 30355
Doing Business As
The Cottages at Camden

Signing Officer

Name
Diana Mciver
Title
Acting President
Phone
4048169770
Signed
2024-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diana Mciver
Formed
1997
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Aprio Llp
Address
2002 SUMMIT BOULEVARD SUITE 120, ATLANTA, GA 30319
Preparer
Stacy Cullen
Phone
4048929651
Raw XML Appendix385 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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IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0211351
IRS990ScheduleD/LandGrp/BookValueAmt056420
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt056420
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06580
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt163275
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt260
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt32632
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4680
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05091
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0166759
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0372573
IRS990ScheduleD/TotalBookValueOtherAssetsAmt073227
IRS990ScheduleD/TotalExpensesPerForm990Amt0211351
IRS990ScheduleD/TotalLiabilityAmt05091
IRS990ScheduleD/TotalRevenuePerForm990Amt0166759
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0166759
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0211351
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT AGREEMENT FOR A DAY TO DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS COMMON PRACTICE FOR OWNER/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 QUESTIONS AND COMMENTS FROM THE MANAGEMENT COMPANY, IF ANY, ARE ADDRESSED, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL. ONLY AFTER ALL QUESTIONS FROM THE BOARD OF DIRECTORS ARE ANSWERED IS THE FINAL RETURN APPROVED AND PROVIDED TO A 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 AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS 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 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0485845
IRS990/TotalAssetsEOYAmt0451038
IRS990/TotalAssetsGrp/BOYAmt0485845
IRS990/TotalAssetsGrp/EOYAmt0451038
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025926
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0185425
IRS990/TotalFunctionalExpensesGrp/TotalAmt0211351
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt069742
IRS990/TotalLiabilitiesEOYAmt079527
IRS990/TotalLiabilitiesGrp/BOYAmt069742
IRS990/TotalLiabilitiesGrp/EOYAmt079527
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0416103
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0371511
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0185425
IRS990/TotalProgramServiceRevenueAmt0166738
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt021
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0166738
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0166759
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0485845
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0451038
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 53274
IRS990/USAddress/CityNm0ATLANTA
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030355
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DIANA MCIVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ACTING PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04048169770
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HRC COMMUNITIES INC DBA THE COTTAGES
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/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0571157523
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0APRIO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02002 SUMMIT BOULEVARD SUITE 120
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030319
ReturnHeader/PreparerPersonGrp/PhoneNum04048929651
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STACY CULLEN
ReturnHeader/ReturnTs02024-03-01T08:47:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DIANA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCIVER
ReturnHeader/TaxPeriodBeginDt02022-10-01
ReturnHeader/TaxPeriodEndDt02023-09-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$451,038
Liabilities
$79,527
Net assets
$371,511
Revenue
$166,759
Expenses
$211,351
Net income
-$44,592
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