Civic Intelligence

Lincolnshire Apartments Inc

EIN 61-1264834 • 501(c)3 • Owensboro, KY

Profile

LOW INCOME HOUSING

1700 West Fifth StreetOwensboro, KY 42301

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

51st percentile

1.9%

Higher net margin than 51% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-79%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$0

Down $2,437,968 (-100%) from 2017

Liabilities

Down

$0

Down $927,863 (-100%) from 2017

Net Assets

Down

$0

Down $1,510,105 (-100%) from 2017

Revenue

Down

$191,181

Down $706,742 (-79%) from 2017

Expenses

Down

$187,602

Down $457,355 (-71%) from 2017

Net Income

Down

$3,579

Down $249,387 (-99%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $1,558,065Liabilities 2010: $1,019,210Net Assets 2010: $538,8552010Assets 2011: $1,684,684Liabilities 2011: $1,015,402Net Assets 2011: $669,2822011Assets 2012: $1,819,731Liabilities 2012: $982,293Net Assets 2012: $837,4382012Assets 2013: $1,941,162Liabilities 2013: $968,239Net Assets 2013: $972,9232013Assets 2014: $2,046,660Liabilities 2014: $959,066Net Assets 2014: $1,087,5942014Assets 2015: $2,169,244Liabilities 2015: $955,577Net Assets 2015: $1,213,6672015Assets 2016: $2,200,724Liabilities 2016: $943,585Net Assets 2016: $1,257,1392016Assets 2017: $2,437,968Liabilities 2017: $927,863Net Assets 2017: $1,510,1052017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0Expenses 2010: $504,1412010Expenses 2011: $529,9442011Revenue 2012: $702,128Expenses 2012: $533,972Net Income 2012: $168,1562012Revenue 2013: $714,085Expenses 2013: $578,600Net Income 2013: $135,4852013Revenue 2014: $715,193Expenses 2014: $600,522Net Income 2014: $114,6712014Revenue 2015: $722,718Expenses 2015: $596,645Net Income 2015: $126,0732015Revenue 2016: $693,735Expenses 2016: $650,263Net Income 2016: $43,4722016Revenue 2017: $897,923Expenses 2017: $644,957Net Income 2017: $252,9662017Revenue 2018: $191,181Expenses 2018: $187,602Net Income 2018: $3,5792018

Highlighted filing

2018

Revenue$191,181
Expenses$187,602
Net Income$3,579

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 16, 2018
Return Version
2017v2.2
Gross Receipts
$191,181
Mission and Program Overview

Mission

LOW INCOME HOUSING

LOW-INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,158,469$0▼ $1,158,469
Cash and Non-Interest-Bearing Accounts$1,151,773$0▼ $1,151,773
Prepaid Expenses and Deferred Charges$60,919$0▼ $60,919
Intangible Assets$38,027$0▼ $38,027
Accounts Receivable$28,780$0▼ $28,780
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$2,437,968$0▼ $2,437,968
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$869,351--
Accounts Payable and Accrued Expenses$43,746--
Escrow Account Liability$14,766--
Total Liabilities$927,863$0▼ $927,863
Net Assets / Fund Balance
Unrestricted Net Assets$1,510,105$0▼ $1,510,105
Total Net Assets Fund Balance$1,510,105$0▼ $1,510,105
Total Liabilities and Net Assets / Fund Balance$2,437,968$0▼ $2,437,968
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joanne KendallPresident
Daisy JamesVice President
Andrea JohnsonDirector
Bobby MasonDirector
Jr StanleyDirector
Kelly ThurmanDirector
Lelan HancockDirector
Barry JohnstonHousing Director
Hailey NorrisProperty Manager
Denise MarcumSecretary
Byron MayesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$189,605
Investment Income
$850
Other Revenue
$726
Change in Net Assets
$3,579

Audited Revenue Reconciliation

Revenue per Audited Statements
$191,181
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$191,181
Total Revenue per Form 990
$191,181
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$158,598
Salaries, Compensation, and Employee Benefits$29,004
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,323--$21,323
Insurance$15,355--$15,355
Fees for Services Accounting$15,250--$15,250
Depreciation Depletion$14,362--$14,362
Interest$6,402--$6,402
All Other Expenses$2,733$2,025-$4,758
Fees for Services Legal$3,346--$3,346
Pension Plan Contributions$3,231--$3,231
Other Employee Benefits$2,850--$2,850
Other Expenses$2,673$19,788-$2,673
Payroll Taxes$1,600--$1,600
Office Expenses$1,334--$1,334
Advertising$361--$361
Travel$124--$124
Total Functional Expenses$165,789$21,813$0$187,602

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$187,602
Total Expenses per Audited Statements$187,602
Total Expenses per Form 990$187,602
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

Form 990 is presented to the board. They review it for reasonableness and accuracy.

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

Discussion with individuals involved.

Form 990, Part VI, Section C, Line 18

Available upon request at office.

Form 990, Part VI, Section C, Line 19

Information and reports are available upon request at the office.

Filing and Contact Details

Filer

Filer Name
Lincolnshire Apartments Inc
EIN
61-1264834
Phone
2706861600
Address
1700 WEST FIFTH STREET, OWENSBORO, KY 42301

Signing Officer

Name
Byron Mayes
Title
Treasurer
Phone
2706861600
Signed
2018-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Byron Mayes
Formed
1995
Legal Domicile
Ky
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
ALEXANDER & COMPANY CPA'S PSC
Address
2707 BRECKENRIDGE STREET SUITE 1, OWENSBORO, KY 42303
Preparer
Andy Roberts CPA
Phone
2706843237
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Liquidation of entity upon termination -1,513,684.

Financial Statement Notes

PART IV, LINE 2B:

TENANT SECURITY DEPOSITS

Raw XML AppendixShowing 400 of 500 raw XML fields

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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IRS990/ReconcilationRevenueExpnssAmt03579
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0190331
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0850
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02452
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01299
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01524
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01270
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0190331
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0895471
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0692435
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0721194
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0713923
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03213354
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0850
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02452
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01299
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01524
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01270
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07395
IRS990ScheduleA/InvestmentIncomeCYPct00.00230
IRS990ScheduleA/InvestmentIncomePYPct00.00210
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99770
IRS990ScheduleA/PublicSupportPY509Pct00.99790
IRS990ScheduleA/PublicSupportTotal509Amt03213354
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0190331
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0895471
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0692435
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0721194
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0713923
IRS990ScheduleA/Total509Grp/TotalAmt03213354
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0191181
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0897923
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0693734
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0722718
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0715193
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03220749
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0187602
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0191181
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0187602
IRS990ScheduleD/TotalRevenuePerForm990Amt0191181
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0191181
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0187602
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind01
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0BUILDINGS, LAND, CASH RESERVES
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0AUDUBON LINCOLNSHIRE LLLP
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02017-09-29
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0821364626
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt04422783
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0LLLP
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0APPRAISAL
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt01700 W 5TH STREET
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0OWENSBORO
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0KY
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd042301
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: BARRY JOHNSTON (KEY EMPLOYEE) AND JAN JOHNSON (KEY EMPLOYEE) WILL CONTINUE THEIR CURRENT ROLES AS HOUSING DIRECTOR AND ASSISTANT DIRECTOR RESPECTIVELY.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PRESENTED TO THE BOARD. THEY REVIEW IT FOR REASONABLENESS AND ACCURACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCUSSION WITH INDIVIDUALS INVOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST AT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INFORMATION AND REPORTS ARE AVAILABLE UPON REQUEST AT THE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LIQUIDATION OF ENTITY UPON TERMINATION -1,513,684.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AUDUBON AREA COMMUNITY SERVICES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237364935
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOPING RESOURCES INVESTING IN HUMAN POTENTIAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01700 WEST FIFTH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0OWENSBORO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd042301
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00

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