Civic Intelligence

Lakeview Villa Inc.

990 • Fiscal year 2021 • EIN 59-2842486

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 15, 2022

1221 W Lakeview AvenuePensacola, FL 32501

(850) 469-3662

Siviq Scores

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

Liabilities / Assets

96th percentile

1.57x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

3.15x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

39th percentile

1.5%

Higher net margin than 39% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

100th percentile

$632,148

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 442.1% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

29th percentile

-6.6%

Faster asset growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

45th percentile

-1.6%

Faster revenue growth than 45% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$286,631

Down $20,150 (-6.6%) from 2020

Net Assets

Up

-$163,595

Up $2,108 (+1.3%) from 2020

Liabilities

Down

$450,226

Down $22,258 (-4.7%) from 2020

Revenue

Down

$142,984

Down $2,304 (-1.6%) from 2020

Expenses

Down

$140,876

Down $1,272 (-0.9%) from 2020

Net Income

Down

$2,108

Down $1,032 (-33%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $656,395Liabilities 2010: $610,754Net Assets 2010: $45,6412010Assets 2011: $640,283Liabilities 2011: $613,381Net Assets 2011: $26,9022011Assets 2012: $640,400Liabilities 2012: $632,146Net Assets 2012: $8,2542012Assets 2013: $533,476Liabilities 2013: $617,347Net Assets 2013: -$83,8712013Assets 2014: $462,548Liabilities 2014: $803,789Net Assets 2014: -$341,2412014Assets 2015: $404,988Liabilities 2015: $585,636Net Assets 2015: -$180,6482015Assets 2016: $382,612Liabilities 2016: $552,091Net Assets 2016: -$169,4792016Assets 2017: $358,166Liabilities 2017: $533,824Net Assets 2017: -$175,6582017Assets 2018: $340,828Liabilities 2018: $513,415Net Assets 2018: -$172,5872018Assets 2019: $318,926Liabilities 2019: $487,769Net Assets 2019: -$168,8432019Assets 2020: $306,781Liabilities 2020: $472,484Net Assets 2020: -$165,7032020Assets 2021: $286,631Liabilities 2021: $450,226Net Assets 2021: -$163,5952021Assets 2022: $265,041Liabilities 2022: $428,585Net Assets 2022: -$163,5442022Assets 2023: $248,915Liabilities 2023: $431,609Net Assets 2023: -$182,6942023Assets 2024: $233,491Liabilities 2024: $412,364Net Assets 2024: -$178,8732024

Highlighted filing

2021

Assets$286,631
Liabilities$450,226
Net Assets-$163,595

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $131,201Expenses 2010: $136,025Net Income 2010: -$4,8242010Revenue 2011: $132,837Expenses 2011: $151,577Net Income 2011: -$18,7402011Expenses 2012: $149,9962012Expenses 2013: $221,8462013Revenue 2014: $466,295Expenses 2014: $723,665Net Income 2014: -$257,3702014Revenue 2015: $333,427Expenses 2015: $172,834Net Income 2015: $160,5932015Revenue 2016: $141,130Expenses 2016: $129,961Net Income 2016: $11,1692016Revenue 2017: $141,191Expenses 2017: $147,370Net Income 2017: -$6,1792017Revenue 2018: $144,603Expenses 2018: $141,532Net Income 2018: $3,0712018Revenue 2019: $144,910Expenses 2019: $141,166Net Income 2019: $3,7442019Revenue 2020: $145,288Expenses 2020: $142,148Net Income 2020: $3,1402020Revenue 2021: $142,984Expenses 2021: $140,876Net Income 2021: $2,1082021Revenue 2022: $152,747Expenses 2022: $152,696Net Income 2022: $512022Revenue 2023: $156,448Expenses 2023: $175,598Net Income 2023: -$19,1502023Revenue 2024: $162,364Expenses 2024: $158,543Net Income 2024: $3,8212024

Highlighted filing

2021

Revenue$142,984
Expenses$140,876
Net Income$2,108
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 15, 2022
Return Version
2020v4.1
Gross Receipts
$142,984
Mission and Program Overview

Mission

To provide low cost housing to persons with mental illness.

Provide housing and services specifically for individuals with persistent mental illness and to promote their health, security, happiness and usefulness in longer living.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$269,921$250,902▼ $19,019
Savings and Temporary Cash Investments$22,860$26,308▲ $3,448
Cash and Non-Interest-Bearing Accounts$9,863$4,646▼ $5,217
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
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
Total Assets$306,781$286,631▼ $20,150
Other Assets Total$4,137$4,775▲ $638
Liabilities
Mortgage Notes Payable Secured by Investment Property$443,930$421,377▼ $22,553
Other Liabilities$19,452$22,593▲ $3,141
Accounts Payable and Accrued Expenses$9,102$6,256▼ $2,846
Grants Payable$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$472,484$450,226▼ $22,258
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-165,703$-163,595▲ $2,108
Total Net Assets Fund Balance$-165,703$-163,595▲ $2,108
Total Liabilities and Net Assets / Fund Balance$306,781$286,631▼ $20,150

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$187,167$517,192$704,359
Land$61,798-$61,798
Equipment$1,448$32,303$33,751
Leasehold Improvements$489$28,870$29,359
Other Land Buildings$0$5,456$5,456
Compensation and Service Providers

Board Members and Trustees

NameTitle
M Allison HillPresident
Sandra WhitakerVice President
Melanie JonesVice President/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$142,981
Investment Income
$3
Other Revenue
$0
Change in Net Assets
$2,108

Audited Revenue Reconciliation

Revenue per Audited Statements
$142,984
Total Revenue per Audited Statements
$142,984
Total Revenue per Form 990
$142,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$140,876
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$58,861--$58,861
Interest$39,038--$39,038
Depreciation Depletion$19,019--$19,019
Fees for Services Accounting-$8,630-$8,630
Fees for Services Management-$7,147-$7,147
Insurance$3,311--$3,311
Office Expenses$1,050$1,049-$2,099
Information Technology$723--$723
Other Expenses$1$2,047-$1
Total Functional Expenses$122,003$18,873$0$140,876

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$140,876
Total Expenses per Audited Statements$140,876
Total Expenses per Form 990$140,876
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
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 Affilated Organizations$17,814
Tenant Security Deposits$4,776
Residual Receipts Excess$3
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

M. Allison hill, sandy whitaker and melanie jones have a business relationship. All business relationships are employer/employee relationships at related tax exempt organizations.

Form 990, Part VI, Section A, Line 6

Lakeview center, inc., a florida not-for-profit corporation, is the sole member of lakeview villa, inc. Lakeview center, inc. Has the right to elect the board of directors of lakeview villa, inc.

Form 990, Part VI, Section A, Line 7A

Lakeview center, inc., being the sole member of lakeview villa, inc., has the right to elect the governing body of lakeview villa, inc.

Form 990, Part VI, Section A, Line 7B

The following shall require approval by the lakeview center, inc., the sole member, board of directors: a. Amendments to the bylaws of the corporation b. Annual capital and operating budgets of the corporation c. The incurrence by the corporation of any indebtedness in excess of five hundred thousand dollars ($500,000) before such indebtedness is contracted and before evidence of such indebtedness is issued d. Transfer by the corporation during any fiscal year of assets exceeding one hundred thousand dollars ($100,000) in net value e. The sale, lease, or other transfer of , or the entering into of any partnership, joint venture or other arrangement involving 25% or more, in value, of the corporation's assets f. The merger of the corporation into another entity, or of another entity in to the corporation, or the consolidation of the corporation and any other entity g. The liquidation or dissolution of the corporation h. Any amendment to the corporation's articles of incorporation

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

The form 990 is prepared and reviewed by an independent accounting firm. The 990 is then reviewed by the organization's management personnel. Any questions and concerns the organization's management personnel has are addressed and any corrections or clarifications that need to be made are made. The final form 990 with all required schedules is then made available to the executive compensation committee and all voting members of the board prior to filing the 990 with the irs. All board members are informed that a paper copy of the form 990 is available at the organization's principal office.

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

Board members and officers receive correspondence each year that must be completed and signed. The correspondence includes a conflicts of interest questionnaire. Officers and key staff also receive an attestation form that must be signed confirming that they will disclose any conflicts that violate the organization's policy. The board reviews all conflicts and determines if further actions need to be taken.

Form 990, Part VI, Section B, Lines 15A & 15B

The compensation committee of the related organization's board utilizes independent compensation studies that reflect the current market value of specific key management positions as benchmark data. All compensation of key individuals must be approved by the compensation committee.

Form 990, Part VI, Section C, Line 19

The organization has all governing documents, the conflict of interest policy, and the annual financial statements on file in the accounting and administration departments. All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Lakeview Villa Inc
EIN
59-2842486
In Care Of
% MELANIE JONES
Phone
8504693662
Address
1221 W LAKEVIEW AVENUE, PENSACOLA, FL 32501

Signing Officer

Name
M Allison Hill
Title
CEO
Phone
8504693700
Signed
2022-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
M Allison Hill
Formed
1987
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
3

Preparer

Firm
Forvis Llp
Address
1201 Walnut Suite 1700, KANSAS CITY, MO 64106-2246
Preparer
Michael J Engle
Phone
8162216300
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 1A

All 1099's are issued on the organization's behalf by lakeview center, inc. (ein: 59-0737872), the sole member and related 501(c)(3) tax exempt organization.

Financial Statement Notes

Schedule D, Part X, Line 2

Financial accounting standards board (fasb) accounting standards codification (asc) topic 740, income taxes, prescribes the accounting for uncertainty in income tax positions recognized in financial statements. Asc topic 740 provides guidance for recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. There were no material uncertain tax positions as of september 30, 2021 and 2020.

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IRS990/ProgramServiceRevenueGrp/Desc0HUD SUBSIDY PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENT

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.33$4.12$1.79$1.62$1.59$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.49$4.32$1.83$1.56$1.76$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$4.29$1.64$1.53$1.53$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.87$4.50$1.64$1.43$1.41$0.02
2020Detailed filing. Detailed filing data is available for this year.$3.07$4.72$1.66$1.45$1.42$0.03
2019Detailed filing. Detailed filing data is available for this year.$3.19$4.88$1.69$1.45$1.41$0.04
2018Detailed filing. Detailed filing data is available for this year.$3.41$5.13$1.73$1.45$1.42$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.58$5.34$1.76$1.41$1.47$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.83$5.52$1.69$1.41$1.30$0.11
2015Detailed filing. Detailed filing data is available for this year.$4.05$5.86$1.81$3.33$1.73$1.61
2014Detailed filing. Detailed filing data is available for this year.$4.63$8.04$3.41$4.66$7.24$2.57
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.33$6.17$0.84$2.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.40$6.32$0.08$1.50
2011Summary only. Only limited summary data is available for this year.$6.40$6.13$0.27$1.33$1.52$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.56$6.11$0.46$1.31$1.36$0.05