Civic Intelligence

Lincolnshire North Apartments Inc

EIN 61-1264885 • 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

81st percentile

0.44x

Higher debt load relative to assets than 81% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

1.16x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

75th percentile

22%

Higher net margin than 75% of similar nonprofits.

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

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

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

Asset Growth

63rd percentile

8.6%

Faster asset growth than 63% of similar nonprofits.

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

Revenue Growth

71st percentile

25%

Faster revenue growth than 71% of similar nonprofits.

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

Assets

Down

$0

Down $2,640,877 (-100%) from 2016

Liabilities

Down

$0

Down $1,269,956 (-100%) from 2016

Net Assets

Down

$0

Down $1,370,921 (-100%) from 2016

Revenue

Down

$234,688

Down $632,954 (-73%) from 2016

Expenses

Down

$232,797

Down $612,092 (-72%) from 2016

Net Income

Down

$1,891

Down $20,862 (-92%) from 2016

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,049,266Liabilities 2010: $1,348,492Net Assets 2010: $700,7742010Assets 2011: $2,206,001Liabilities 2011: $1,348,224Net Assets 2011: $857,7772011Assets 2012: $2,289,840Liabilities 2012: $1,316,290Net Assets 2012: $973,5502012Assets 2013: $2,412,484Liabilities 2013: $1,287,590Net Assets 2013: $1,124,8942013Assets 2014: $2,507,433Liabilities 2014: $1,273,617Net Assets 2014: $1,233,8162014Assets 2015: $2,620,446Liabilities 2015: $1,272,278Net Assets 2015: $1,348,1682015Assets 2016: $2,640,877Liabilities 2016: $1,269,956Net Assets 2016: $1,370,9212016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

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: $618,1462010Expenses 2011: $633,9852011Expenses 2012: $679,6632012Revenue 2013: $889,207Expenses 2013: $737,863Net Income 2013: $151,3442013Revenue 2014: $856,071Expenses 2014: $747,149Net Income 2014: $108,9222014Revenue 2015: $852,566Expenses 2015: $738,214Net Income 2015: $114,3522015Revenue 2016: $867,642Expenses 2016: $844,889Net Income 2016: $22,7532016Revenue 2017: $234,688Expenses 2017: $232,797Net Income 2017: $1,8912017

Highlighted filing

2017

Revenue$234,688
Expenses$232,797
Net Income$1,891

Filings

Latest Detailed Filing

The latest 2017 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 14, 2016
Return Version
2015v2.1
Gross Receipts
$867,642
Mission and Program Overview

Mission

LOW INCOME HOUSING

LOW-INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,261,156$1,543,226▲ $282,070
Cash and Non-Interest-Bearing Accounts$1,252,608$990,449▼ $262,159
Prepaid Expenses and Deferred Charges$57,146$66,249▲ $9,103
Intangible Assets$41,224$39,752▼ $1,472
Accounts Receivable$12$1,201▲ $1,189
Total Assets$2,620,446$2,640,877▲ $20,431
Other Assets Total$8,300$0▼ $8,300
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,203,535$1,179,793▼ $23,742
Accounts Payable and Accrued Expenses$53,476$69,852▲ $16,376
Escrow Account Liability$15,267$20,311▲ $5,044
Total Liabilities$1,272,278$1,269,956▼ $2,322
Net Assets / Fund Balance
Unrestricted Net Assets$1,348,168$1,370,921▲ $22,753
Total Net Assets Fund Balance$1,348,168$1,370,921▲ $22,753
Total Liabilities and Net Assets / Fund Balance$2,620,446$2,640,877▲ $20,431

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,373,181$855,378$2,228,559
Equipment$32,182$348,743$380,925
Land$109,100-$109,100
Other Land Buildings$28,763$10,758$39,521
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joanne KendallPresident
Daisy JamesVice President
Andrea JohnsonBoard Member
Hervey HowellBoard Member
L Danielle WooddwardBoard Member
Rob JonesExecutive Officer
Bonnie BivensTenant Representative
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$854,589
Investment Income
$1,813
Other Revenue
$11,240
Change in Net Assets
$22,753

Audited Revenue Reconciliation

Revenue per Audited Statements
$867,642
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$867,642
Total Revenue per Form 990
$867,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$685,969
Salaries, Compensation, and Employee Benefits$158,920
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$122,824--$122,824
Depreciation Depletion$70,491--$70,491
Insurance$64,248--$64,248
Interest$52,795--$52,795
Office Expenses$25,282--$25,282
Other Employee Benefits$14,226--$14,226
Pension Plan Contributions$12,608--$12,608
Fees for Services Legal$11,828--$11,828
All Other Expenses$10,589--$10,589
Other Expenses$158,159$10,240-$10,240
Fees for Services Accounting$9,460--$9,460
Payroll Taxes$9,262--$9,262
Advertising$2,980--$2,980
Travel$2,227--$2,227
Total Functional Expenses$758,876$86,013$0$844,889

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$844,889
Total Expenses per Audited Statements$844,889
Total Expenses per Form 990$844,889
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
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 11

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

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

Discussion with individuals involved.

Form 990, Part VI, Section C, Line 18

Form 990 is available upon request at the 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 North Apartments Inc
EIN
61-1264885
Phone
2706861600
Address
1700 WEST FIFTH STREET, OWENSBORO, KY 42301

Signing Officer

Name
Robert Jones
Title
CEO
Phone
2706861600
Signed
2016-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Jones
Formed
1995
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
7
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

Financial Statement Notes

PART IV, LINE 2B:

TENANT SECURITY DEPOSITS

Raw XML AppendixShowing 400 of 441 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/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
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IRS990ScheduleA/Total509Grp/TotalAmt04249810
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0867642
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0852566
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0856071
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0889207
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0795436
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04260922
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01373181
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0855378
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02228559
IRS990ScheduleD/EquipmentGrp/BookValueAmt032182
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0348743
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0380925
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0844889
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0109100
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0109100
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt028763
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010758
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt039521
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0867642
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01543226
IRS990ScheduleD/TotalExpensesPerForm990Amt0844889
IRS990ScheduleD/TotalRevenuePerForm990Amt0867642
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0867642
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0844889
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PRESENTED TO THE BOARD. THEY REVIEW IT FOR REASONABLESS AND ACCURACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCUSSION WITH INDIVIDUALS INVOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS AVAILABLE UPON REQUEST AT THE OFFICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INFORMATION AND REPORTS ARE AVAILABLE UPON REQUEST AT THE OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
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
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 9
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
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt075773
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0MANAGEMENT FEES
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0AUDUBON AREA COMMUNITY SERVICES
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02620446
IRS990/TotalAssetsEOYAmt02640877
IRS990/TotalAssetsGrp/BOYAmt02620446
IRS990/TotalAssetsGrp/EOYAmt02640877
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt086013
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0758876
IRS990/TotalFunctionalExpensesGrp/TotalAmt0844889
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01272278
IRS990/TotalLiabilitiesEOYAmt01269956
IRS990/TotalLiabilitiesGrp/BOYAmt01272278
IRS990/TotalLiabilitiesGrp/EOYAmt01269956
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01348168
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01370921
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0758876
IRS990/TotalProgramServiceRevenueAmt0854589
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01813
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0865829
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0867642
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02620446
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02640877
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02227
IRS990/TravelGrp/TotalAmt02227

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