Civic Intelligence

Asset Holdings Inc

990 • Fiscal year 2018 • EIN 58-2423324

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 29, 2019

229 Peachtree Street NE No 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

2.71x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2018

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2018

Top Officer Pay

94th percentile

$279,936

Higher top officer pay than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

76th percentile

13%

Faster asset growth than 76% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

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

Annualized from 2017 to 2018

Assets

Up

$2,033,637

Up $239,089 (+13%) from 2017

Net Assets

Flat

-$3,470,154

Flat from 2017

Liabilities

Up

$5,503,791

Up $239,089 (+4.5%) from 2017

Revenue

Flat

$0

Flat from 2017

Expenses

Flat

$0

Flat from 2017

Net Income

Flat

$0

Flat from 2017

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

2018

Assets$2,033,637
Liabilities$5,503,791
Net Assets-$3,470,154

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

2018

Revenue$0
Expenses$0
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 29, 2019
Return Version
2017v2.3
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
Other Assets Total$1,794,548$2,033,637▲ $239,089
Total Assets$1,794,548$2,033,637▲ $239,089
Liabilities
Other Liabilities$5,264,702$5,503,791▲ $239,089
Total Liabilities$5,264,702$5,503,791▲ $239,089
Net Assets / Fund Balance
Unrestricted Net Assets$-3,470,154$-3,470,154→ $0
Total Net Assets Fund Balance$-3,470,154$-3,470,154→ $0
Total Liabilities and Net Assets / Fund Balance$1,794,548$2,033,637▲ $239,089

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,033,637--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Susan AdamsDirectorFT$109,862$109,862
Jason PerlmutterEmployeeFT$103,984$103,984

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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Andp$5,503,791
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

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

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

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

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

Form 990, Part VI, Section B, Line 15

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.

Form 990, Part VI, Section C, Line 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
Phone
4045222637
Address
229 PEACHTREE STREET NE NO 705, ATLANTA, GA 30303

Signing Officer

Name
John Ocallaghan
Title
President
Phone
4045222637
Signed
2019-01-29
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
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
3560 LENOX ROAD NE SUITE 2800, ATLANTA, GA 30326
Preparer
Linda T Rowland 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, community redevelopment loan and investment fund inc, andp restoration llc, andp homes llc, andp delowe village, llc, andp providence parkway gp, llc, andp stanton crest, llc , asset holdings, inc, and andp huntington court, llc.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ASSEMBLE AND HOLD PROPERTIES FOR DEVELOPMENT IN ORDER TO REVITALIZE NEIGHBORHOODS IN METRO ATLANTA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-3470154
IRS990/NetAssetsOrFundBalancesEOYAmt0-3470154
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01794548
IRS990/OtherAssetsTotalGrp/EOYAmt02033637
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt05264702
IRS990/OtherLiabilitiesGrp/EOYAmt05503791
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHN O'CALLAGHAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0581946632
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ATLANTA NEIGHBORHOOD DEVELOPMENT PARTNERSHIP INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02033637
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05503791
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ANDP
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02033637
IRS990ScheduleD/TotalLiabilityAmt05503791
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt032250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt115841
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt214711
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0218600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1148415
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2137113
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt024046
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt116326
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt215082
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt05040
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1736
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt2474

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