Civic Intelligence

Galilee Majestic Arms Inc

EIN 58-7163009 • 501(c)3 • Shreveport, LA

Profile

Providing adequate housing under title iv to elderly and/or disabled persons under section 8 agreements with the u.s. Department of housing and urban development

1320 Pierre AvenueShreveport, LA 71103

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

98th percentile

96%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

99th percentile

729%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

1372%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$6,452,420

Up $5,674,356 (+729%) from 2021

Liabilities

Down

$0

Down $1,415,244 (-100%) from 2021

Net Assets

Up

$6,452,420

Up $7,089,600 (+1113%) from 2021

Operations
Liabilities / Revenue10th percentileNet Margin98th percentile

Revenue

Up

$7,370,807

Up $6,869,987 (+1372%) from 2021

Expenses

Down

$281,207

Down $219,586 (-44%) from 2021

Net Income

Up

$7,089,600

Up $7,089,573 (+26257678%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $1,401,854Liabilities 2010: $2,156,311Net Assets 2010: -$754,4572010Assets 2011: $1,349,810Liabilities 2011: $2,116,974Net Assets 2011: -$767,1642011Assets 2012: $1,288,389Liabilities 2012: $2,071,177Net Assets 2012: -$782,7882012Assets 2013: $1,306,372Liabilities 2013: $2,003,788Net Assets 2013: -$697,4162013Assets 2014: $1,210,803Liabilities 2014: $1,966,606Net Assets 2014: -$755,8032014Assets 2015: $1,176,927Liabilities 2015: $1,941,494Net Assets 2015: -$764,5672015Assets 2016: $1,044,889Liabilities 2016: $1,844,728Net Assets 2016: -$799,8392016Assets 2017: $986,801Liabilities 2017: $1,754,287Net Assets 2017: -$767,4862017Assets 2018: $946,341Liabilities 2018: $1,681,973Net Assets 2018: -$735,6322018Assets 2019: $941,562Liabilities 2019: $1,660,893Net Assets 2019: -$719,3312019Assets 2020: $854,860Liabilities 2020: $1,492,067Net Assets 2020: -$637,2072020Assets 2021: $778,064Liabilities 2021: $1,415,244Net Assets 2021: -$637,1802021Assets 2022: $6,452,420Liabilities 2022: $0Net Assets 2022: $6,452,4202022

Highlighted filing

2022

Assets$6,452,420
Liabilities$0
Net Assets$6,452,420
Open 2022 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $555,7422010Revenue 2011: $548,471Expenses 2011: $561,178Net Income 2011: -$12,7072011Revenue 2012: $568,262Expenses 2012: $583,886Net Income 2012: -$15,6242012Revenue 2013: $534,285Expenses 2013: $466,823Net Income 2013: $67,4622013Revenue 2014: $617,794Expenses 2014: $616,493Net Income 2014: $1,3012014Revenue 2015: $558,575Expenses 2015: $567,339Net Income 2015: -$8,7642015Revenue 2016: $550,527Expenses 2016: $567,920Net Income 2016: -$17,3932016Revenue 2017: $541,525Expenses 2017: $534,033Net Income 2017: $7,4922017Revenue 2018: $553,719Expenses 2018: $521,865Net Income 2018: $31,8542018Revenue 2019: $560,033Expenses 2019: $543,732Net Income 2019: $16,3012019Revenue 2020: $563,981Expenses 2020: $481,857Net Income 2020: $82,1242020Revenue 2021: $500,820Expenses 2021: $500,793Net Income 2021: $272021Revenue 2022: $7,370,807Expenses 2022: $281,207Net Income 2022: $7,089,6002022

Highlighted filing

2022

Revenue$7,370,807
Expenses$281,207
Net Income$7,089,600
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,452,420
Liabilities
$0
Net assets
$6,452,420
Revenue
$7,370,807
Expenses
$281,207
Net income
$7,089,600
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$6.45$0.00$6.45$7.37$0.28$7.09
2021Detailed filing. Detailed filing data is available for this year.$0.78$1.42$0.64$0.50$0.50$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.85$1.49$0.64$0.56$0.48$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.94$1.66$0.72$0.56$0.54$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.95$1.68$0.74$0.55$0.52$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.99$1.75$0.77$0.54$0.53$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.04$1.84$0.80$0.55$0.57$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.18$1.94$0.76$0.56$0.57$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.21$1.97$0.76$0.62$0.62$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.31$2.00$0.70$0.53$0.47$0.07
2012Summary only. Only limited summary data is available for this year.$1.29$2.07$0.78$0.57$0.58$0.02
2011Summary only. Only limited summary data is available for this year.$1.35$2.12$0.77$0.55$0.56$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$2.16$0.75$0.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 16, 2023
Return Version
2022v5.0
Gross Receipts
$8,041,167
Mission and Program Overview

Mission

Providing adequate housing under title iv to elderly and/or disabled persons under section 8 agreements with the u.s. Department of housing and urban development

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$128,221--
Land, Buildings, and Equipment, Net$643,735$79,949▼ $563,786
Prepaid Expenses and Deferred Charges$5,336--
Cash and Non-Interest-Bearing Accounts$772--
Total Assets$778,064$6,452,420▲ $5,674,356
Other Assets Total-$6,372,471-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,341,640--
Accounts Payable and Accrued Expenses$61,283--
Other Liabilities$12,321--
Total Liabilities$1,415,244$0▼ $1,415,244
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-637,180$6,452,420▲ $7,089,600
Total Net Assets Fund Balance$-637,180$6,452,420▲ $7,089,600
Total Liabilities and Net Assets / Fund Balance$778,064$6,452,420▲ $5,674,356

Asset Categories

AssetBook ValueDepreciationBasis
Land$79,949-$79,949
Other Assets Org$6,372,471--
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Arthur L LovettDirector
Carl MatthewsDirector
Clarence PearsonDirector
Freddie RussellDirector
Percy CareyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,811,254
Program Service Revenue
$360,072
Investment Income
$4,198,463
Other Revenue
$1,018
All Other Contributions
$2,811,254
Change in Net Assets
$7,089,600

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$2,811,254Book
Total Noncash Contributions1$2,811,254-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$243,583
Salaries, Compensation, and Employee Benefits$37,624
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$79,143--$79,143
Payments to Affiliates$53,190--$53,190
Insurance$41,700--$41,700
Other Salaries and Wages$33,063--$33,063
Office Expenses$12,418--$12,418
Other Expenses$10,263--$10,263
Fees for Services Management$6,091--$6,091
Payroll Taxes$4,561--$4,561
Fees for Services Accounting$1,954--$1,954
Total Functional Expenses$281,207$0$0$281,207
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-
Tenant Security Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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 SECTION A, Line LINE 3

“The board of directors has contracted out the management of the organization. The day to day management operations are performed by signature property management, a property management consulting firm.”

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

“Tax return is prepared by judy moncrief cpa llc after the financial statements are prepared then presented to the board for review and signature to file.”

Form 990, Part VI, Section SECTION C, Line LINE 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Galilee Majestic Arms Inc
EIN
58-7163009
Phone
3184294945
Address
1320 PIERRE AVENUE, SHREVEPORT, LA 71103

Signing Officer

Name
Arthur L Lovett
Title
President
Phone
3184294945
Signed
2023-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arthur L Lovett
Formed
1989
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Judy Moncrief CPA LLC
Address
910 Pierremont Road Suite 311, Shreveport, LA 71106-2058
Preparer
Judy E Moncrief
Phone
3186831002
Raw XML Appendix369 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt061283
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDING ADEQUATE HOUSING UNDER TITLE IV TO ELDERLY AND/OR DISABLED PERSONS UNDER SECTION 8 AGREEMENTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt02811254
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SIGNATURE PROPERTY MANAGEMENT LLC
IRS990/BooksInCareOfDetail/PhoneNum03184294945
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01320 PIERRE AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SHREVEPORT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0LA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd071103
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0772
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02811254
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt04198463
IRS990/CYOtherExpensesAmt0243583
IRS990/CYOtherRevenueAmt01018
IRS990/CYProgramServiceRevenueAmt0360072
IRS990/CYRevenuesLessExpensesAmt07089600
IRS990/CYSalariesCompEmpBnftPaidAmt037624
IRS990/CYTotalExpensesAmt0281207
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07370807
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0PROVIDING ADEQUATE HOUSING UNDER TITLE IV TO ELDERLY AND/OR DISABLED PERSONS UNDER SECTION 8 AGREEMENTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0281207
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01954
IRS990/FeesForServicesAccountingGrp/TotalAmt01954
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt06091
IRS990/FeesForServicesManagementGrp/TotalAmt06091
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0000.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1000.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2000.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3000.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4000.25
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0FREDDIE RUSSELL
IRS990/Form990PartVIISectionAGrp/PersonNm1CLARENCE PEARSON
IRS990/Form990PartVIISectionAGrp/PersonNm2PERCY CAREY
IRS990/Form990PartVIISectionAGrp/PersonNm3CARL MATTHEWS
IRS990/Form990PartVIISectionAGrp/PersonNm4ARTHUR L LOVETT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt04198376
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt04868736
IRS990/GrossReceiptsAmt08041167
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt041700
IRS990/InsuranceGrp/TotalAmt041700
IRS990/InterestGrp/ProgramServicesAmt079143
IRS990/InterestGrp/TotalAmt079143
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt087
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt087
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0643735
IRS990/LandBldgEquipBasisNetGrp/EOYAmt079949
IRS990/LandBldgEquipCostOrOtherBssAmt079949
IRS990/LegalDomicileStateCd0LA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0670360
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0PROVIDING ADEQUATE HOUSING UNDER TITLE IV TO ELDERLY AND/OR DISABLED PERSONS UNDER SECTION 8 AGREEMENTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01341640
IRS990/NetAssetsOrFundBalancesBOYAmt0-637180
IRS990/NetAssetsOrFundBalancesEOYAmt06452420
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt04198376
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04198376
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-637180
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06452420
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt02811254
IRS990/NondeductibleContributionsInd0false
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt012418
IRS990/OfficeExpensesGrp/TotalAmt012418
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt06372471
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0AUDITING
IRS990/OtherExpensesGrp/Desc1UTILTIES
IRS990/OtherExpensesGrp/Desc2OPERATING AND MAINTENANCE EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt08800
IRS990/OtherExpensesGrp/ProgramServicesAmt130024
IRS990/OtherExpensesGrp/ProgramServicesAmt210263
IRS990/OtherExpensesGrp/TotalAmt08800
IRS990/OtherExpensesGrp/TotalAmt130024
IRS990/OtherExpensesGrp/TotalAmt210263
IRS990/OtherLiabilitiesGrp/BOYAmt012321
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01018
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01018
IRS990/OtherRevenueTotalAmt01018
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt033063
IRS990/OtherSalariesAndWagesGrp/TotalAmt033063
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt053190
IRS990/PaymentsToAffiliatesGrp/TotalAmt053190
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt04561
IRS990/PayrollTaxesGrp/TotalAmt04561
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05336
IRS990/PrincipalOfficerNm0ARTHUR L LOVETT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0360072
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0360072
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0221
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0422865
IRS990/PYOtherRevenueAmt02601
IRS990/PYProgramServiceRevenueAmt0497998
IRS990/PYRevenuesLessExpensesAmt027
IRS990/PYSalariesCompEmpBnftPaidAmt077928
IRS990/PYTotalExpensesAmt0500793
IRS990/PYTotalRevenueAmt0500820
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt07089600
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt07370807
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0128221
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0361090
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0500599
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0563597
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0559729
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0553498
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02538513
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt087
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0221
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0384
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0304
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0221
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01217
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99950
IRS990ScheduleA/PublicSupportPY170Pct00.99960
IRS990ScheduleA/PublicSupportTotal170Amt02538513
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0361090
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0500599
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0563597
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0559729
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0553498
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02538513
IRS990ScheduleA/TotalSupportAmt02539730
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt079949
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt079949
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06372471
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NOTE RECEIVABLE - GALILEE SENIOR HOUSING LP
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/TotalBookValueLandBuildingsAmt079949
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06372471
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0NOTE RECEIVABLE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0BOOK
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt02811254
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS HAS CONTRACTED OUT THE MANAGEMENT OF THE ORGANIZATION. THE DAY TO DAY MANAGEMENT OPERATIONS ARE PERFORMED BY SIGNATURE PROPERTY MANAGEMENT, A PROPERTY MANAGEMENT CONSULTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TAX RETURN IS PREPARED BY JUDY MONCRIEF CPA LLC AFTER THE FINANCIAL STATEMENTS ARE PREPARED THEN PRESENTED TO THE BOARD FOR REVIEW AND SIGNATURE TO FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section SECTION A, Line LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section SECTION B, Line LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section SECTION C, Line LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0778064
IRS990/TotalAssetsEOYAmt06452420
IRS990/TotalAssetsGrp/BOYAmt0778064
IRS990/TotalAssetsGrp/EOYAmt06452420
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02811254
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0281207
IRS990/TotalFunctionalExpensesGrp/TotalAmt0281207
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01415244
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt01415244
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-637180
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06452420
IRS990/TotalProgramServiceExpensesAmt0281207
IRS990/TotalProgramServiceRevenueAmt0360072
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04559553
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07370807
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0778064
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06452420
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01525 SYCAMORE STREET
IRS990/USAddress/CityNm0SHREVEPORT
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071103
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ARTHUR L LOVETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03184294945
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GALILEE MAJESTIC ARMS INC
ReturnHeader/Filer/BusinessNameControlTxt0GALI
ReturnHeader/Filer/EIN0587163009
ReturnHeader/Filer/PhoneNum03184294945
ReturnHeader/Filer/USAddress/AddressLine1Txt01320 PIERRE AVENUE
ReturnHeader/Filer/USAddress/CityNm0SHREVEPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071103
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0834126995
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Judy Moncrief CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0910 Pierremont Road Suite 311
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Shreveport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0711062058
ReturnHeader/PreparerPersonGrp/PhoneNum03186831002
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Judy E Moncrief
ReturnHeader/ReturnTs02023-11-16T07:39:10-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ARTHUR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LOVETT
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.