Civic Intelligence

Smith Thomas Inc.

990 • Fiscal year 2023 • EIN 59-3416911

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 04, 2024

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

72nd percentile

0.26x

Higher debt load relative to assets than 72% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

1.09x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

55th percentile

6.8%

Higher net margin than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

34th percentile

-0.7%

Faster asset growth than 34% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

50th percentile

6.7%

Faster revenue growth than 50% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$1,630,787

Down $11,076 (-0.7%) from 2022

Net Assets

Up

$1,207,157

Up $26,345 (+2.2%) from 2022

Liabilities

Down

$423,630

Down $37,421 (-8.1%) from 2022

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin55th percentile

Revenue

Up

$389,924

Up $24,578 (+6.7%) from 2022

Expenses

Up

$363,579

Up $29,140 (+8.7%) from 2022

Net Income

Down

$26,345

Down $4,562 (-15%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth34th 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: $1,180,8122022Assets 2023: $1,630,787Liabilities 2023: $423,630Net Assets 2023: $1,207,1572023

Highlighted filing

2023

Assets$1,630,787
Liabilities$423,630
Net Assets$1,207,157
Open 2023 Filing

Operations Trend

Revenue Growth50th 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: $30,9072022Revenue 2023: $389,924Expenses 2023: $363,579Net Income 2023: $26,3452023

Highlighted filing

2023

Revenue$389,924
Expenses$363,579
Net Income$26,345
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 4, 2024
Return Version
2023v5.0
Gross Receipts
$389,924
Mission and Program Overview

Mission

Provide Low-Income Housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,180,812$1,207,157▲ $26,345
Land, Buildings, and Equipment, Net$1,112,001$1,047,149▼ $64,852
Savings and Temporary Cash Investments$304,977$325,243▲ $20,266
Cash and Non-Interest-Bearing Accounts$197,613$220,580▲ $22,967
Prepaid Expenses and Deferred Charges$11,508$18,658▲ $7,150
Accounts Receivable$12,876$16,599▲ $3,723
Intangible Assets$2,888$2,558▼ $330
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,641,863$1,630,787▼ $11,076
Liabilities
Mortgage Notes Payable Secured by Investment Property$426,950$388,030▼ $38,920
Other Liabilities$25,241$29,288▲ $4,047
Accounts Payable and Accrued Expenses$8,860$6,312▼ $2,548
Total Liabilities$461,051$423,630▼ $37,421
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,180,812$1,207,157▲ $26,345
Total Liabilities and Net Assets / Fund Balance$1,641,863$1,630,787▼ $11,076

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$904,755$1,384,535$2,289,290
Equipment$12,535$152,756$165,291
Land$100,000-$100,000
Other Land Buildings$29,859$20,858$50,717
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Bernard LewisDirector
Sandy DorvalDirector
Kevin FlynnMgmt Agent
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$386,204
Investment Income
$1,861
Other Revenue
$1,859
Change in Net Assets
$26,345

Audited Revenue Reconciliation

Revenue per Audited Statements
$389,924
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$389,924
Total Revenue per Form 990
$389,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$296,477
Salaries, Compensation, and Employee Benefits$67,102
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$130,594--$130,594
Depreciation Depletion$69,932--$69,932
Other Salaries and Wages$59,597--$59,597
Fees for Services Management-$39,620-$39,620
All Other Expenses$15,829--$15,829
Other Expenses$5,953$6,396-$5,953
Fees for Services Accounting-$5,077-$5,077
Payroll Taxes$4,485--$4,485
Interest$4,059--$4,059
Other Employee Benefits$2,703--$2,703
Fees for Services Legal-$643-$643
Pension Plan Contributions$317--$317
Advertising$50--$50
Total Functional Expenses$311,843$51,736$0$363,579

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$363,579
Total Expenses per Audited Statements$363,579
Total Expenses per Form 990$363,579
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Tenant Security Deposits$29,224
Unearned Rent$64
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

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

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

“Form 990 is reviewed by the Board of Directors”

Form 990, Part VI, Section B, line 12

“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. 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, Part VI, Section C, 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
2024-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Flynn
Formed
1997
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
SBF Advisors LLC
Address
877 Executive Center Drive W, St Petersburg, FL 33702
Preparer
Kera Haas
Phone
7278889200
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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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0389924
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0370382
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0373250
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0353718
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0351933
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01839207
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0904755
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01384535
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02289290
IRS990ScheduleD/EquipmentGrp/BookValueAmt012535
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0152756
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0165291
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0363579
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029859
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020858
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt050717
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029224
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt164
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Unearned Rent
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0389924
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01047149
IRS990ScheduleD/TotalExpensesPerForm990Amt0363579
IRS990ScheduleD/TotalLiabilityAmt029288
IRS990ScheduleD/TotalRevenuePerForm990Amt0389924
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0389924
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0363579
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization does not have any committee with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is reviewed by the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 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. 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/ExplanationTxt3All documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01641863
IRS990/TotalAssetsEOYAmt01630787
IRS990/TotalAssetsGrp/BOYAmt01641863
IRS990/TotalAssetsGrp/EOYAmt01630787
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051736
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0311843
IRS990/TotalFunctionalExpensesGrp/TotalAmt0363579
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0461051
IRS990/TotalLiabilitiesEOYAmt0423630
IRS990/TotalLiabilitiesGrp/BOYAmt0461051
IRS990/TotalLiabilitiesGrp/EOYAmt0423630
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01180812
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01207157
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0311843
IRS990/TotalProgramServiceRevenueAmt0386204
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03720
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0386204
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0389924
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01641863
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01630787
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Kevin Flynn
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Mgmt Agent
ReturnHeader/BusinessOfficerGrp/PhoneNum07274491182
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-04
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/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364818378
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SBF Advisors LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0877 Executive Center Drive W
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0St Petersburg
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033702
ReturnHeader/PreparerPersonGrp/PhoneNum07278889200
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kera Haas
ReturnHeader/ReturnTs02024-06-04T09:27:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Kevin
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Flynn
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,630,787
Liabilities
$423,630
Net assets
$1,207,157
Revenue
$389,924
Expenses
$363,579
Net income
$26,345
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.63$0.42$1.21$0.39$0.36$0.03
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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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