Civic Intelligence

Asset Holdings Inc

990 • Fiscal year 2016 • EIN 58-2423324

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 27, 2015

229 PEACHTREE STREET NE Suite 705Atlanta, GA 30303

(404) 522-2637

Siviq Scores

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

Liabilities / Assets

99th percentile

8.89x

Higher debt load relative to assets than 99% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2016

Top Officer Pay

99th percentile

$259,625

Higher top officer pay than 99% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

58th percentile

6.3%

Faster asset growth than 58% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Assets

Up

$113,204

Up $6,696 (+6.3%) from 2015

Net Assets

Flat

-$893,452

Flat from 2015

Liabilities

Up

$1,006,656

Up $6,696 (+0.7%) from 2015

Revenue

Flat

$0

Flat from 2015

Expenses

Flat

$0

Flat from 2015

Net Income

Flat

$0

Flat from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $211,860Liabilities 2011: $1,079,272Net Assets 2011: -$867,4122011Assets 2012: $131,396Liabilities 2012: $1,087,499Net Assets 2012: -$956,1032012Assets 2013: $97,071Liabilities 2013: $990,523Net Assets 2013: -$893,4522013Assets 2014: $99,739Liabilities 2014: $993,191Net Assets 2014: -$893,4522014Assets 2015: $106,508Liabilities 2015: $999,960Net Assets 2015: -$893,4522015Assets 2016: $113,204Liabilities 2016: $1,006,656Net Assets 2016: -$893,4522016Assets 2017: $1,794,548Liabilities 2017: $5,264,702Net Assets 2017: -$3,470,1542017Assets 2018: $2,033,637Liabilities 2018: $5,503,791Net Assets 2018: -$3,470,1542018Assets 2019: $826,177Liabilities 2019: $4,296,331Net Assets 2019: -$3,470,1542019Assets 2020: $887,268Liabilities 2020: $4,357,422Net Assets 2020: -$3,470,1542020Assets 2021: $648,024Liabilities 2021: $4,167,106Net Assets 2021: -$3,519,0822021Assets 2022: $483,741Liabilities 2022: $3,919,993Net Assets 2022: -$3,436,2522022Assets 2023: $582,674Liabilities 2023: $4,018,926Net Assets 2023: -$3,436,2522023Assets 2024: $505,338Liabilities 2024: $4,066,326Net Assets 2024: -$3,560,9882024Assets 2025: $23,696Liabilities 2025: $3,479,888Net Assets 2025: -$3,456,1922025

Highlighted filing

2016

Assets$113,204
Liabilities$1,006,656
Net Assets-$893,452

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2011: $0Expenses 2011: $6,376Net Income 2011: -$6,3762011Revenue 2012: $0Expenses 2012: $88,691Net Income 2012: -$88,6912012Expenses 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: -$48,928Expenses 2021: $0Net Income 2021: -$48,9282021Revenue 2022: $82,830Expenses 2022: $0Net Income 2022: $82,8302022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $124,736Net Income 2024: -$124,7362024Revenue 2025: $104,796Expenses 2025: $0Net Income 2025: $104,7962025

Highlighted filing

2016

Revenue$0
Expenses$0
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 27, 2015
Return Version
2015v3.0
Gross Receipts
$0
Mission and Program Overview

Mission

To assemble and hold properties for development in order to revitalize neighborhoods in metro atlanta.

To assemble and hold properties for development in order to revitalize neighborhoods in atlanta.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Other Assets Total$106,508$113,204▲ $6,696
Total Assets$106,508$113,204▲ $6,696
Liabilities
Other Liabilities$999,960$1,006,656▲ $6,696
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$999,960$1,006,656▲ $6,696
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-893,452$-893,452→ $0
Total Net Assets Fund Balance$-893,452$-893,452→ $0
Total Liabilities and Net Assets / Fund Balance$106,508$113,204▲ $6,696

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$113,204--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
susan adamsemployeeFT$100,379$100,379

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Andp$1,006,656
Governance and Compliance

Governance Checklist

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

Governance Explanations

PART VI SECTION B #11A

Copies of the form 990 are presented to the executive committee for their review with the CFO.

PART VI SECTION B #12C

management provides employees and board members with a questionnaire regarding conflicts of interest. The questionnaire is updated annually.

PART VI SECTION B #15A & #15B

compensation for the ceo was initially established in 2006 as part of an extensive search process which utilized the services of an executive search firm specializing in non-profit placements. the firm advised the search committee on appropriate compensation ranges based on industry comparisons, in community lending, real estate development, policy research and implementation and non-profit management. annual adjustments are made iNdependently by the executive committee with full board approval of ranges through the budgeting process. factors included in this independent determination include changes in associated industry norms, inflation, and performance against established objectives. compensation decisions for the other staff officer (CFO) follow a similar process. the executive committee and board approve an annual compensation range.

PART VI SECTION C #19

the organization makes its financial statements available to the public on its website and on another's website or upon request. Other governing and organizational documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Asset Holdings Inc
EIN
58-2423324
In Care Of
% AGNES CASIMIR CFO
Phone
4045222637
Address
229 PEACHTREE STREET NE Suite 705, ATLANTA, GA 30303

Signing Officer

Name
JOHN O'CALLAGHAN
Title
President
Phone
4045222637
Signed
2015-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
JOHN O'CALLAGHAN
Formed
1998
Legal Domicile
Ga
Voting Board Members
24
Independent Board Members
21
Employees
0

Preparer

Firm
Cohnreznick Llp
Address
3560 LENOX ROAD NE STE 2800, ATLANTA, GA 30326-4276
Preparer
Wendy R Langlais-tillery CPA
Phone
4048479447
Supplemental Narrative

Additional Explanations

PART XI #2B

This entity was audited as part of a consolidated audit for Atlanta Neighborhood Development Partnership, Inc (ANDP). The consolidated financial statements included the accounts for ANDP, Atlanta Equity Partners Inc, ANDP Misty Amber Senior Housing Inc, ANDP Holdings Inc, ANDP Misty Ruby Inc, Asset Holdings Inc, Community Redevelopment Loan and Investment Fund Inc, ANDP Restoration LLC, ANDP Homes LLC, ANDP Delowe Village LLC, and ANDP Providence Parkway GP, LLC.

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IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21VICE PRESIDENT
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.02$3.48$3.46$0.10$0.00$0.10
2024Detailed filing. Detailed filing data is available for this year.$0.51$4.07$3.56$0.00$0.12$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.58$4.02$3.44$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.48$3.92$3.44$0.08$0.00$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.65$4.17$3.52$0.05$0.00$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.89$4.36$3.47$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.83$4.30$3.47$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.03$5.50$3.47$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.79$5.26$3.47$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.11$1.01$0.89$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.11$1.00$0.89$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.10$0.99$0.89$0.00$0.00$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.99$0.89$0.00
2012Summary only. Only limited summary data is available for this year.$0.13$1.09$0.96$0.00$0.09$0.09
2011Summary only. Only limited summary data is available for this year.$0.21$1.08$0.87$0.00$0.01$0.01