Civic Intelligence

Lions Arms Inc.

990 • Fiscal year 2017 • EIN 61-1169936

Sep 01, 2016 to Aug 31, 2017 • Filed on Nov 29, 2017

5920 Lions Arms DriveLouisville, KY 40216

(502) 448-8839

Siviq Scores

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

Liabilities / Assets

97th percentile

2.34x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

3.98x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

34th percentile

-2.7%

Higher net margin than 34% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

21st percentile

-18%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

3.3%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$204,148

Down $46,339 (-18%) from 2016

Net Assets

Down

-$273,322

Down $3,270 (-1.2%) from 2016

Liabilities

Down

$477,470

Down $43,069 (-8.3%) from 2016

Revenue

Up

$120,031

Up $3,867 (+3.3%) from 2016

Expenses

Up

$123,301

Up $9,600 (+8.4%) from 2016

Net Income

Down

-$3,270

Down $5,733 (-233%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $293,128Liabilities 2011: $572,096Net Assets 2011: -$278,9682011Assets 2012: $287,548Liabilities 2012: $561,649Net Assets 2012: -$274,1012012Assets 2013: $284,377Liabilities 2013: $557,001Net Assets 2013: -$272,6242013Assets 2014: $271,169Liabilities 2014: $541,867Net Assets 2014: -$270,6982014Assets 2015: $258,288Liabilities 2015: $530,803Net Assets 2015: -$272,5152015Assets 2016: $250,487Liabilities 2016: $520,539Net Assets 2016: -$270,0522016Assets 2017: $204,148Liabilities 2017: $477,470Net Assets 2017: -$273,3222017Assets 2018: $192,995Liabilities 2018: $459,586Net Assets 2018: -$266,5912018Assets 2019: $49,992Liabilities 2019: $0Net Assets 2019: $49,9922019Assets 2020: $44,968Liabilities 2020: $0Net Assets 2020: $44,9682020Assets 2021: $6,004Liabilities 2021: $0Net Assets 2021: $6,0042021Assets 2022: $5,480Liabilities 2022: $0Net Assets 2022: $5,4802022Assets 2023: $4,949Liabilities 2023: $0Net Assets 2023: $4,9492023Assets 2024: $5,693Liabilities 2024: $0Net Assets 2024: $5,6932024Assets 2025: $5,657Liabilities 2025: $0Net Assets 2025: $5,6572025

Highlighted filing

2017

Assets$204,148
Liabilities$477,470
Net Assets-$273,322

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $108,799Expenses 2011: $116,361Net Income 2011: -$7,5622011Revenue 2012: $117,406Expenses 2012: $112,539Net Income 2012: $4,8672012Revenue 2013: $119,336Expenses 2013: $117,859Net Income 2013: $1,4772013Revenue 2014: $121,517Expenses 2014: $119,591Net Income 2014: $1,9262014Revenue 2015: $121,163Expenses 2015: $122,980Net Income 2015: -$1,8172015Revenue 2016: $116,164Expenses 2016: $113,701Net Income 2016: $2,4632016Revenue 2017: $120,031Expenses 2017: $123,301Net Income 2017: -$3,2702017Revenue 2018: $126,288Expenses 2018: $119,560Net Income 2018: $6,7282018Revenue 2019: $370,063Expenses 2019: $53,480Net Income 2019: $316,5832019Revenue 2020: $0Expenses 2020: $5,024Net Income 2020: -$5,0242020Revenue 2021: $0Expenses 2021: $38,964Net Income 2021: -$38,9642021Revenue 2022: $0Expenses 2022: $524Net Income 2022: -$5242022Revenue 2023: $0Expenses 2023: $531Net Income 2023: -$5312023Revenue 2024: $780Expenses 2024: $36Net Income 2024: $7442024Revenue 2025: $0Expenses 2025: $36Net Income 2025: -$362025

Highlighted filing

2017

Revenue$120,031
Expenses$123,301
Net Income-$3,270
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Nov 29, 2017
Return Version
2016v3.0
Gross Receipts
$120,031
Mission and Program Overview

Mission

The corporation owns and operates rental property for low income and elderly individuals. The project receives section 8 rental assistance subsidy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$180,400$169,316▼ $11,084
Cash and Non-Interest-Bearing Accounts$5,953$5,240▼ $713
Prepaid Expenses and Deferred Charges$3,297$2,992▼ $305
Accounts Receivable-$357-
Total Assets$250,487$204,148▼ $46,339
Other Assets Total$60,837$26,243▼ $34,594
Liabilities
Mortgage Notes Payable Secured by Investment Property$506,527$460,287▼ $46,240
Accounts Payable and Accrued Expenses$10,297$12,795▲ $2,498
Other Liabilities$3,715$4,388▲ $673
Total Liabilities$520,539$477,470▼ $43,069
Net Assets / Fund Balance
Unrestricted Net Assets$-270,052$-273,322▼ $3,270
Total Net Assets Fund Balance$-270,052$-273,322▼ $3,270
Total Liabilities and Net Assets / Fund Balance$250,487$204,148▼ $46,339

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$128,842$417,449$546,291
Land$34,985-$34,985
Other Land Buildings$5,489$21,472$26,961
Other Assets Org$14,865--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kenny SennPresident
John BakerVice-president
Mike HardestyDirector
Todd ThomasDirector
Tom HartlageDirector
Neil DeverSecretary
Ray KoppelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$66,665
Program Service Revenue
$53,274
Investment Income
$92
Other Revenue
$0
Change in Net Assets
$-3,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,301
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
Interest$44,657--$44,657
Depreciation Depletion$11,084--$11,084
All Other Expenses$4,525$2,475-$7,000
Fees for Services Management-$6,161-$6,161
Insurance$3,896--$3,896
Fees for Services Accounting-$3,200-$3,200
Other Expenses$2,729--$2,729
Office Expenses-$285-$285
Conferences and Meetings-$44-$44
Fees for Services Legal-$2-$2
Total Functional Expenses$111,134$12,167$0$123,301
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$4,388
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has a management agent that manages all aspects of the operation.

Form 990, Part VI, Section A, Line 8A

The organization does not document board meetings

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

The organization does not have any committees.

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

The president of the board of directors reviews form 990 prior to it being filed.

Form 990, Part VI, Section C, Line 19

The organization makes all required documents available for review upon request.

Filing and Contact Details

Filer

Filer Name
Lions Arms Inc
EIN
61-1169936
Phone
5024488839
Address
5920 LIONS ARMS DRIVE, LOUISVILLE, KY 40216

Signing Officer

Name
Kenneth Senn
Title
President
Phone
5024488839
Signed
2017-11-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Senn
Formed
1989
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Jones Nale & Mattingly Plc
Address
642 SOUTH FOURTH ST STE 300, LOUISVILLE, KY 40202
Preparer
David R Price
Phone
5025830248
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The project's accounting policy provides that a tax expense/benefit from an uncertain tax position august be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The organization has no uncertain tax positions resulting in an accrual of tax expense or benefit.

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IRS990ScheduleA/OtherIncome509Grp/TotalAmt012310
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97900
IRS990ScheduleA/PublicSupportPY509Pct00.97560
IRS990ScheduleA/PublicSupportTotal509Amt0585651
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0119939
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0114958
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0118903
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0115730
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0116121
IRS990ScheduleA/Total509Grp/TotalAmt0585651
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0120031
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0116164
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0121163
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0121517
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0119336
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0598211
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0128842
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0417449
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0546291
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt034985
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt034985
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03814
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1509
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt27055
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt314865
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05489
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021472
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026961
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION AUGUST BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0169316
IRS990ScheduleD/TotalBookValueOtherAssetsAmt026243
IRS990ScheduleD/TotalLiabilityAmt04388
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A MANAGEMENT AGENT THAT MANAGES ALL ASPECTS OF THE OPERATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT DOCUMENT BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS FORM 990 PRIOR TO IT BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ALL REQUIRED DOCUMENTS AVAILABLE FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LIONS ARMS II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0611218438
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)(2)
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0250487
IRS990/TotalAssetsEOYAmt0204148
IRS990/TotalAssetsGrp/BOYAmt0250487
IRS990/TotalAssetsGrp/EOYAmt0204148
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt066665
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012167
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0111134
IRS990/TotalFunctionalExpensesGrp/TotalAmt0123301
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0520539
IRS990/TotalLiabilitiesEOYAmt0477470
IRS990/TotalLiabilitiesGrp/BOYAmt0520539
IRS990/TotalLiabilitiesGrp/EOYAmt0477470
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-270052
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-273322
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0111134
IRS990/TotalProgramServiceRevenueAmt053274
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt092
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt053274
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0120031
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0250487
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0204148
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-270052
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-273322
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05920 LIONS ARMS DRIVE
IRS990/USAddress/CityNm0LOUISVILLE
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040216
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.06$0.00$0.00$0.00
2024Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$0.01$0.00$0.01
2023Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.00$0.01$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.00$0.05$0.00$0.01$0.01
2021Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$0.00$0.39$0.39
2020Summary only. Only limited summary data is available for this year.$0.45$0.00$0.45$0.00$0.05$0.05
2019Summary only. Only limited summary data is available for this year.$0.50$0.00$0.50$3.70$0.53$3.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.93$4.60$2.67$1.26$1.20$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.04$4.77$2.73$1.20$1.23$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.50$5.21$2.70$1.16$1.14$0.02
2015Summary only. Only limited summary data is available for this year.$2.58$5.31$2.73$1.21$1.23$0.02
2014Summary only. Only limited summary data is available for this year.$2.71$5.42$2.71$1.22$1.20$0.02
2013Summary only. Only limited summary data is available for this year.$2.84$5.57$2.73$1.19$1.18$0.01
2012Summary only. Only limited summary data is available for this year.$2.88$5.62$2.74$1.17$1.13$0.05
2011Summary only. Only limited summary data is available for this year.$2.93$5.72$2.79$1.09$1.16$0.08