Civic Intelligence

Smith Thomas Inc DBA Smith Thomas Court

990 • Fiscal year 2016 • EIN 59-3416911

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 07, 2017

Organization ProfileN/A
516 Lakeview Road Unit 8Clearwater, FL 33756

(727) 449-1182

Siviq Scores

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

Liabilities / Assets

74th percentile

0.39x

Higher debt load relative to assets than 74% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

2.18x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

69th percentile

10%

Higher net margin than 69% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

43rd percentile

-0.3%

Faster asset growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

47th percentile

1.8%

Faster revenue growth than 47% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$1,711,437

Down $5,253 (-0.3%) from 2015

Net Assets

Up

$1,040,073

Up $31,761 (+3.1%) from 2015

Liabilities

Down

$671,364

Down $37,014 (-5.2%) from 2015

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin69th percentile

Revenue

Up

$308,275

Up $5,546 (+1.8%) from 2015

Expenses

Up

$276,514

Up $7,574 (+2.8%) from 2015

Net Income

Down

$31,761

Down $2,028 (-6.0%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,940,513Liabilities 2011: $850,998Net Assets 2011: $1,089,5152011Assets 2013: $1,801,802Liabilities 2013: $782,382Net Assets 2013: $1,019,4202013Assets 2015: $1,716,690Liabilities 2015: $708,378Net Assets 2015: $1,008,3122015Assets 2016: $1,711,437Liabilities 2016: $671,364Net Assets 2016: $1,040,0732016Assets 2017: $1,703,325Liabilities 2017: $638,242Net Assets 2017: $1,065,0832017Assets 2018: $1,667,070Liabilities 2018: $608,021Net Assets 2018: $1,059,0492018Assets 2019: $1,649,821Liabilities 2019: $566,355Net Assets 2019: $1,083,4662019Assets 2020: $1,658,060Liabilities 2020: $547,171Net Assets 2020: $1,110,8892020Assets 2022: $1,641,863Liabilities 2022: $461,051Net Assets 2022: $1,180,8122022

Highlighted filing

2016

Assets$1,711,437
Liabilities$671,364
Net Assets$1,040,073
Open 2016 Filing

Operations Trend

Revenue Growth47th percentile

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

$400K$200K$0-$200KExpenses 2011: $281,8842011Revenue 2013: $260,918Expenses 2013: $310,895Net Income 2013: -$49,9772013Revenue 2015: $302,729Expenses 2015: $268,940Net Income 2015: $33,7892015Revenue 2016: $308,275Expenses 2016: $276,514Net Income 2016: $31,7612016Revenue 2017: $348,222Expenses 2017: $323,212Net Income 2017: $25,0102017Revenue 2018: $314,309Expenses 2018: $320,343Net Income 2018: -$6,0342018Revenue 2019: $351,933Expenses 2019: $327,516Net Income 2019: $24,4172019Revenue 2020: $354,687Expenses 2020: $327,264Net Income 2020: $27,4232020Revenue 2022: $365,346Expenses 2022: $334,439Net Income 2022: $30,9072022

Highlighted filing

2016

Revenue$308,275
Expenses$276,514
Net Income$31,761
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 7, 2017
Return Version
2016v3.0
Gross Receipts
$308,275
Mission and Program Overview

Mission

Provide Low-Income Housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,466,019$1,425,521▼ $40,498
Rtn Earn Endowment Incm Other Fnds$1,008,312$1,040,073▲ $31,761
Savings and Temporary Cash Investments$213,822$210,550▼ $3,272
Cash and Non-Interest-Bearing Accounts$16,556$49,454▲ $32,898
Accounts Receivable$12,276$14,058▲ $1,782
Prepaid Expenses and Deferred Charges$2,818$6,985▲ $4,167
Intangible Assets$5,199$4,869▼ $330
Total Assets$1,716,690$1,711,437▼ $5,253
Liabilities
Mortgage Notes Payable Secured by Investment Property$688,763$652,473▼ $36,290
Other Liabilities$13,969$14,250▲ $281
Accounts Payable and Accrued Expenses$5,646$4,641▼ $1,005
Total Liabilities$708,378$671,364▼ $37,014
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,008,312$1,040,073▲ $31,761
Total Liabilities and Net Assets / Fund Balance$1,716,690$1,711,437▼ $5,253

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,282,907$982,868$2,265,775
Equipment$41,305$173,374$214,679
Leasehold Improvements$1,309$101,980$103,289
Land$100,000-$100,000
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Patricia QuaratellaPresident/di
Bernard LewisDirector
Kevin FlynnMgmt Agent
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$303,852
Investment Income
$97
Other Revenue
$4,326
Change in Net Assets
$31,761

Audited Revenue Reconciliation

Revenue per Audited Statements
$308,275
Total Revenue per Audited Statements
$308,275
Total Revenue per Form 990
$308,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$230,614
Salaries, Compensation, and Employee Benefits$45,900
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$74,638--$74,638
Depreciation Depletion$72,304--$72,304
Other Salaries and Wages$41,961--$41,961
Fees for Services Management-$27,092-$27,092
Fees for Services Accounting-$7,000-$7,000
Fees for Services Legal-$4,093-$4,093
Payroll Taxes$3,939--$3,939
Interest$3,681--$3,681
Other Expenses$4,854$3,259-$3,259
Fees for Services Other-$1,250-$1,250
Advertising$995--$995
Total Functional Expenses$223,247$53,267$0$276,514

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$276,514
Total Expenses per Audited Statements$276,514
Total Expenses per Form 990$276,514
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 Security Deposits$14,064
Prepaid Rents$186
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8A

“Please see explanation for part vi, line 12c.”

Form 990, Page 6, Part VI, Line 8B

“The organization does not have any committees with authority to act on behalf of the governing body.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the board of directors.”

Form 990, Page 6, Part VI, Line 12C

“The tax-exempt organization's only asset is a 52 unit, usda funded, low- income housing apartment complex. All activity related to the usda funded, low-income housing apartment complex is managed by an independent management company and is audited annually by certified public accountants. The tax-exempt organization is small, therefore there is no written conflict of interest policy but instead the management company discusses orally matters that could give rise to conflicts.”

Form 990, Page 6, Part VI, Line 19

“All documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Smith Thomas Inc
EIN
59-3416911
Phone
7274491182
Address
516 LAKEVIEW ROAD UNIT 8, CLEARWATER, FL 33756
Doing Business As
Smith Thomas Court

Signing Officer

Name
Kevin Flynn
Title
Mgmt Agent
Phone
7274491182
Signed
2017-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Flynn
Formed
1997
Legal Domicile
Fl
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Spoor Bunch Franz
Address
250 N BELCHER RD STE 100, CLEARWATER, FL 33765-2622
Preparer
Bruce Taylor
Phone
7274416829
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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/OtherLiabilitiesOrgGrp/Desc1PREPAID RENTS
IRS990ScheduleD/RevenueSubtotalAmt0308275
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01425521
IRS990ScheduleD/TotalExpensesPerForm990Amt0276514
IRS990ScheduleD/TotalLiabilityAmt014250
IRS990ScheduleD/TotalRevenuePerForm990Amt0308275
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0308275
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0276514
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PLEASE SEE EXPLANATION FOR PART VI, LINE 12C.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TAX-EXEMPT ORGANIZATION'S ONLY ASSET IS A 52 UNIT, USDA FUNDED, LOW- INCOME HOUSING APARTMENT COMPLEX. ALL ACTIVITY RELATED TO THE USDA FUNDED, LOW-INCOME HOUSING APARTMENT COMPLEX IS MANAGED BY AN INDEPENDENT MANAGEMENT COMPANY AND IS AUDITED ANNUALLY BY CERTIFIED PUBLIC ACCOUNTANTS. THE TAX-EXEMPT ORGANIZATION IS SMALL, THEREFORE THERE IS NO WRITTEN CONFLICT OF INTEREST POLICY BUT INSTEAD THE MANAGEMENT COMPANY DISCUSSES ORALLY MATTERS THAT COULD GIVE RISE TO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01716690
IRS990/TotalAssetsEOYAmt01711437
IRS990/TotalAssetsGrp/BOYAmt01716690
IRS990/TotalAssetsGrp/EOYAmt01711437
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt053267
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0223247
IRS990/TotalFunctionalExpensesGrp/TotalAmt0276514
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0708378
IRS990/TotalLiabilitiesEOYAmt0671364
IRS990/TotalLiabilitiesGrp/BOYAmt0708378
IRS990/TotalLiabilitiesGrp/EOYAmt0671364
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01008312
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01040073
IRS990/TotalProgramServiceExpensesAmt0223247
IRS990/TotalProgramServiceRevenueAmt0303852
IRS990/TotalRevenueGrp/ExclusionAmt04423
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0303852
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0308275
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01716690
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01711437
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0516 LAKEVIEW ROAD UNIT 8
IRS990/USAddress/CityNm0CLEARWATER
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033756
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN FLYNN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MGMT AGENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07274491182
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SMITH THOMAS INC
ReturnHeader/Filer/BusinessNameControlTxt0SMIT
ReturnHeader/Filer/EIN0593416911
ReturnHeader/Filer/PhoneNum07274491182
ReturnHeader/Filer/USAddress/AddressLine1Txt0516 LAKEVIEW ROAD UNIT 8
ReturnHeader/Filer/USAddress/CityNm0CLEARWATER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033756
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DBDC5F215377F142B0C269765FAB02C81709ECAF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DBDC5F215377F142B0C269765FAB02C81709ECAF
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364818378
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SPOOR BUNCH FRANZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0250 N BELCHER RD STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLEARWATER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0337652622
ReturnHeader/PreparerPersonGrp/PhoneNum07274416829
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRUCE TAYLOR
ReturnHeader/ReturnTs02017-08-08T11:03:29-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,711,437
Liabilities
$671,364
Net assets
$1,040,073
Revenue
$308,275
Expenses
$276,514
Net income
$31,761
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.46$1.18$0.37$0.33$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$0.55$1.11$0.35$0.33$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$0.57$1.08$0.35$0.33$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.67$0.61$1.06$0.31$0.32$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$0.64$1.07$0.35$0.32$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.71$0.67$1.04$0.31$0.28$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$0.71$1.01$0.30$0.27$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.80$0.78$1.02$0.26$0.31$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.85$1.09$0.28