Civic Intelligence

Lions Arms II Inc.

990 • Fiscal year 2017 • EIN 61-1218438

Jun 01, 2016 to May 31, 2017 • Filed on Sep 06, 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

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

52nd percentile

0.11x

Higher debt load relative to revenue than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

13th percentile

-20%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

24th percentile

-3.5%

Faster asset growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

57th percentile

7.8%

Faster revenue growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,399,813

Down $50,282 (-3.5%) from 2016

Net Assets

Down

$1,376,465

Down $43,349 (-3.1%) from 2016

Liabilities

Down

$23,348

Down $6,933 (-23%) from 2016

Revenue

Up

$217,145

Up $15,690 (+7.8%) from 2016

Expenses

Down

$260,494

Down $4,683 (-1.8%) from 2016

Net Income

Up

-$43,349

Up $20,373 (+32%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,644,012Liabilities 2012: $24,358Net Assets 2012: $1,619,6542012Assets 2013: $1,595,119Liabilities 2013: $24,497Net Assets 2013: $1,570,6222013Assets 2014: $1,560,467Liabilities 2014: $30,033Net Assets 2014: $1,530,4342014Assets 2015: $1,506,969Liabilities 2015: $23,433Net Assets 2015: $1,483,5362015Assets 2016: $1,450,095Liabilities 2016: $30,281Net Assets 2016: $1,419,8142016Assets 2017: $1,399,813Liabilities 2017: $23,348Net Assets 2017: $1,376,4652017Assets 2018: $1,385,233Liabilities 2018: $10,419Net Assets 2018: $1,374,8142018Assets 2019: $800,000Liabilities 2019: $0Net Assets 2019: $800,0002019Assets 2020: $799,976Liabilities 2020: $0Net Assets 2020: $799,9762020Assets 2022: $681,741Liabilities 2022: $0Net Assets 2022: $681,7412022Assets 2023: $681,713Liabilities 2023: $0Net Assets 2023: $681,7132023Assets 2024: $681,098Liabilities 2024: $0Net Assets 2024: $681,0982024Assets 2025: $629,602Liabilities 2025: $0Net Assets 2025: $629,6022025

Highlighted filing

2017

Assets$1,399,813
Liabilities$23,348
Net Assets$1,376,465

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $192,104Expenses 2012: $232,376Net Income 2012: -$40,2722012Revenue 2013: $198,671Expenses 2013: $247,703Net Income 2013: -$49,0322013Revenue 2014: $202,427Expenses 2014: $242,615Net Income 2014: -$40,1882014Revenue 2015: $202,326Expenses 2015: $249,224Net Income 2015: -$46,8982015Revenue 2016: $201,455Expenses 2016: $265,177Net Income 2016: -$63,7222016Revenue 2017: $217,145Expenses 2017: $260,494Net Income 2017: -$43,3492017Revenue 2018: $243,190Expenses 2018: $244,841Net Income 2018: -$1,6512018Revenue 2019: $1,373,149Expenses 2019: $192,863Net Income 2019: $1,180,2862019Revenue 2020: $0Expenses 2020: $24Net Income 2020: -$242020Revenue 2022: $0Expenses 2022: $118,211Net Income 2022: -$118,2112022Revenue 2023: $0Expenses 2023: $28Net Income 2023: -$282023Revenue 2024: $0Expenses 2024: $615Net Income 2024: -$6152024Revenue 2025: $28,020Expenses 2025: $79,516Net Income 2025: -$51,4962025

Highlighted filing

2017

Revenue$217,145
Expenses$260,494
Net Income-$43,349
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Sep 6, 2017
Return Version
2016v3.0
Gross Receipts
$217,145
Mission and Program Overview

Mission

The orgainization provides residential housing to elderly individuals under u.s. Department of hud section 202 capital advance program guidelines.

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$907,877$849,522▼ $58,355
Cash and Non-Interest-Bearing Accounts$9,093$20,133▲ $11,040
Accounts Receivable$1,999$4,499▲ $2,500
Total Assets$1,450,095$1,399,813▼ $50,282
Other Assets Total$531,126$525,659▼ $5,467
Liabilities
Accounts Payable and Accrued Expenses$20,634$13,215▼ $7,419
Other Liabilities$9,647$10,133▲ $486
Total Liabilities$30,281$23,348▼ $6,933
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,755,100$1,755,100→ $0
Unrestricted Net Assets$-335,286$-378,635▼ $43,349
Total Net Assets Fund Balance$1,419,814$1,376,465▼ $43,349
Total Liabilities and Net Assets / Fund Balance$1,450,095$1,399,813▼ $50,282

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$704,187$920,407$1,624,594
Land$110,000-$110,000
Equipment$35,335$60,632$95,967
Other Assets Org$166,933--
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$68,521
Program Service Revenue
$134,454
Investment Income
$10,654
Other Revenue
$3,516
Change in Net Assets
$-43,349

Audited Revenue Reconciliation

Revenue per Audited Statements
$217,145
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$217,145
Total Revenue per Form 990
$217,145
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$260,494
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
Depreciation Depletion$63,970--$63,970
Fees for Services Management-$28,457-$28,457
Other Expenses$21,667$17,179-$17,179
All Other Expenses$1,551$10,728-$12,279
Insurance$10,419--$10,419
Office Expenses-$2,617-$2,617
Fees for Services Legal-$175-$175
Total Functional Expenses$201,338$59,156$0$260,494

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$260,494
Total Expenses per Audited Statements$260,494
Total Expenses per Form 990$260,494
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
Security Deposits Liability$10,133
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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 will make its governing documents and financial statements available for review upon request.

Filing and Contact Details

Filer

Filer Name
Lions Arms Ii Inc
EIN
61-1218438
Phone
5024488839
Address
5920 LIONS ARMS DRIVE, LOUISVILLE, KY 40216

Signing Officer

Name
Kenneth Senn
Title
President
Phone
5024488839
Signed
2017-09-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Senn
Formed
1992
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 may 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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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/InvestmentIncomeCYPct00.02940
IRS990ScheduleA/InvestmentIncomePYPct00.02180
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03516
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01112
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0550
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0270
IRS990ScheduleA/OtherIncome509Grp/TotalAmt05448
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96520
IRS990ScheduleA/PublicSupportPY509Pct00.97510
IRS990ScheduleA/PublicSupportTotal509Amt0986480
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0202975
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0194858
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0195905
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0195006
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0197736
IRS990ScheduleA/Total509Grp/TotalAmt0986480
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0217145
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0201455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0202326
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0202427
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0198671
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01022024
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0704187
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0920407
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01624594
IRS990ScheduleD/EquipmentGrp/BookValueAmt035335
IRS990ScheduleD/EquipmentGrp/DepreciationAmt060632
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt095967
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0260494
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0110000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0110000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt010777
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17599
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2340350
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3166933
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010133
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0217145
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY 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/TotalBookValueLandBuildingsAmt0849522
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0525659
IRS990ScheduleD/TotalExpensesPerForm990Amt0260494
IRS990ScheduleD/TotalLiabilityAmt010133
IRS990ScheduleD/TotalRevenuePerForm990Amt0217145
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0217145
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0260494
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 WILL MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS 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 INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0611169936
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05920 LION ARMS DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LOUISVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd040216
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/TemporarilyRstrNetAssetsGrp/BOYAmt01755100
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01755100
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01450095
IRS990/TotalAssetsEOYAmt01399813
IRS990/TotalAssetsGrp/BOYAmt01450095
IRS990/TotalAssetsGrp/EOYAmt01399813
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt068521
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt059156
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0201338
IRS990/TotalFunctionalExpensesGrp/TotalAmt0260494
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030281
IRS990/TotalLiabilitiesEOYAmt023348
IRS990/TotalLiabilitiesGrp/BOYAmt030281
IRS990/TotalLiabilitiesGrp/EOYAmt023348
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01419814
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01376465
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0201338
IRS990/TotalProgramServiceRevenueAmt0134454
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt010654
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0137970
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0217145

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