Civic Intelligence

Greater Community Housing Inc.

990 • Fiscal year 2014 • EIN 61-1359454

Dec 01, 2013 to Nov 30, 2014 • Filed on Jan 30, 2015

5665 West State Road 46Bloomington, IN 47404

(812) 876-5478

Siviq Scores

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

Liabilities / Assets

95th percentile

1.30x

Higher debt load relative to assets than 95% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

11.21x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

33rd percentile

-2.4%

Faster asset growth than 33% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

38th percentile

-0.7%

Faster revenue growth than 38% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$990,044

Down $24,570 (-2.4%) from 2013

Net Assets

Down

-$300,859

Down $21,643 (-7.8%) from 2013

Liabilities

Down

$1,290,903

Down $2,927 (-0.2%) from 2013

Revenue

$115,127

No earlier filing loaded for comparison.

Expenses

Down

$136,770

Down $10,159 (-6.9%) from 2013

Net Income

-$21,643

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2010: $1,136,475Liabilities 2010: $1,291,701Net Assets 2010: -$155,2282010Assets 2011: $1,087,241Liabilities 2011: $1,290,578Net Assets 2011: -$203,3372011Assets 2012: $1,044,685Liabilities 2012: $1,292,943Net Assets 2012: -$248,2582012Assets 2013: $1,014,614Liabilities 2013: $1,293,830Net Assets 2013: -$279,2162013Assets 2014: $990,044Liabilities 2014: $1,290,903Net Assets 2014: -$300,8592014Assets 2016: $889,776Liabilities 2016: $1,297,834Net Assets 2016: -$408,0582016Assets 2017: $841,824Liabilities 2017: $1,301,247Net Assets 2017: -$459,4232017Assets 2018: $819,380Liabilities 2018: $1,291,763Net Assets 2018: -$472,3832018Assets 2020: $1,317,367Liabilities 2020: $1,881,852Net Assets 2020: -$564,4852020Assets 2021: $1,277,674Liabilities 2021: $1,882,914Net Assets 2021: -$605,2402021Assets 2022: $1,230,860Liabilities 2022: $1,901,682Net Assets 2022: -$670,8222022Assets 2024: $1,036,068Liabilities 2024: $1,894,369Net Assets 2024: -$858,3012024Assets 2025: $989,439Liabilities 2025: $1,895,556Net Assets 2025: -$906,1172025

Highlighted filing

2014

Assets$990,044
Liabilities$1,290,903
Net Assets-$300,859

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2010: $95,648Expenses 2010: $127,525Net Income 2010: -$31,8772010Expenses 2011: $135,9852011Expenses 2012: $149,8502012Expenses 2013: $146,9292013Revenue 2014: $115,127Expenses 2014: $136,770Net Income 2014: -$21,6432014Revenue 2016: $106,343Expenses 2016: $163,583Net Income 2016: -$57,2402016Revenue 2017: $110,638Expenses 2017: $162,003Net Income 2017: -$51,3652017Revenue 2018: $129,131Expenses 2018: $142,091Net Income 2018: -$12,9602018Revenue 2020: $115,968Expenses 2020: $137,549Net Income 2020: -$21,5812020Revenue 2021: $116,890Expenses 2021: $159,786Net Income 2021: -$42,8962021Revenue 2022: $122,381Expenses 2022: $187,963Net Income 2022: -$65,5822022Revenue 2024: $103,460Expenses 2024: $215,368Net Income 2024: -$111,9082024Revenue 2025: $133,733Expenses 2025: $181,549Net Income 2025: -$47,8162025

Highlighted filing

2014

Revenue$115,127
Expenses$136,770
Net Income-$21,643
Jump To
Filing Snapshot
Filing Period
Dec 1, 2013 to Nov 30, 2014
Signed
Jan 30, 2015
Return Version
2013v4.0
Gross Receipts
$115,127
Mission and Program Overview

Mission

LOW-INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$984,612$943,816▼ $40,796
Savings and Temporary Cash Investments$19,981$32,004▲ $12,023
Cash and Non-Interest-Bearing Accounts$9,361$12,170▲ $2,809
Accounts Receivable-$1,236-
Prepaid Expenses and Deferred Charges$660$660→ $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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,014,614$990,044▼ $24,570
Other Assets Total-$158-
Liabilities
Other Liabilities$1,284,846$1,283,770▼ $1,076
Accounts Payable and Accrued Expenses$8,974$7,075▼ $1,899
Deferred Revenue$10$58▲ $48
Total Liabilities$1,293,830$1,290,903▼ $2,927
Net Assets / Fund Balance
Unrestricted Net Assets$-279,216$-300,859▼ $21,643
Total Net Assets Fund Balance$-279,216$-300,859▼ $21,643
Total Liabilities and Net Assets / Fund Balance$1,014,614$990,044▼ $24,570

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$822,681$490,350$1,313,031
Land$121,135-$121,135
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bishop Jeffrey N LeathChairperson
Rev Pedro BasdenVice Chair
Mr Charlie JohnsonBoard Member
Rev Ralph JohnsonBoard Member
Willie C FlemingBoard Member
Rev Geoffrey S EllisAsst. secretary
Rev Kenneth J GolphinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$67,445
Program Service Revenue
$46,123
Investment Income
$11
Other Revenue
$1,548
Change in Net Assets
$-21,643

Audited Revenue Reconciliation

Revenue per Audited Statements
$115,127
Total Revenue per Audited Statements
$115,127
Total Revenue per Form 990
$115,127
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$129,159
Salaries, Compensation, and Employee Benefits$7,611
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$46,172--$46,172
Occupancy$34,923--$34,923
Office Expenses$21,529--$21,529
Insurance$13,674--$13,674
Fees for Services Management-$7,920-$7,920
Other Salaries and Wages$6,901--$6,901
Fees for Services Accounting$4,050--$4,050
Other Expenses$891--$891
Payroll Taxes$710--$710
Total Functional Expenses$128,850$7,920$0$136,770

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$136,770
Total Expenses per Audited Statements$136,770
Total Expenses per Form 990$136,770
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Section 811 Capital Advance$1,273,200
Minimum Capital Advance$6,366
Tenant Security Deposits$4,204
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

The project entered into a property management agreement with hayes-gibson international, whereby hgi will operate daily property activities and management oversight for the maintenance of the project.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 was presented, reviewed and approved by board of directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

UPON REQUEST

Filing and Contact Details

Filer

EIN
61-1359454
Phone
8128765478

Signing Officer

Name
Bishop Jeffrey N Leath
Title
Chairperson
Signed
2015-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bishop Jeffrey N Leath
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Preparer
Xiaolin Shi CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The entity adopted the standard for Accounting for Uncertainty in Income Taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded.

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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-21643
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt046123
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt019981
IRS990/SavingsAndTempCashInvstGrp/EOYAmt032004
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt067445
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt065218
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt061282
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt042470
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0236415
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt054
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt046123
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt049199
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt043636
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt043478
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt092730
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0275166
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt054
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01548
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01548
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01912
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02908
IRS990ScheduleA/OtherIncome509Grp/TotalAmt07916
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98470
IRS990ScheduleA/PublicSupportPY509Pct00.98310
IRS990ScheduleA/PublicSupportTotal509Amt0511581
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0113568
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0114417
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0104918
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt085948
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt092730
IRS990ScheduleA/Total509Grp/TotalAmt0511581
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0115127
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0115971
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0104929
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt087876
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt095648
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0519551
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0822681
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0490350
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01313031
IRS990ScheduleD/ExpensesSubtotalAmt0136770
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0121135
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0121135
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11273200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24204
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MINIMUM CAPITAL ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECTION 811 CAPITAL ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0115127
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The entity adopted the standard for Accounting for Uncertainty in Income Taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0943816
IRS990ScheduleD/TotalExpensesPerForm990Amt0136770
IRS990ScheduleD/TotalLiabilityAmt01283770
IRS990ScheduleD/TotalRevenuePerForm990Amt0115127
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0115127
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0136770
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT ENTERED INTO A PROPERTY MANAGEMENT AGREEMENT WITH HAYES-GIBSON INTERNATIONAL, WHEREBY HGI WILL OPERATE DAILY PROPERTY ACTIVITIES AND MANAGEMENT OVERSIGHT FOR THE MAINTENANCE OF THE PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS PRESENTED, REVIEWED AND APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01014614
IRS990/TotalAssetsEOYAmt0990044
IRS990/TotalAssetsGrp/BOYAmt01014614
IRS990/TotalAssetsGrp/EOYAmt0990044
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt067445
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07920
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0128850
IRS990/TotalFunctionalExpensesGrp/TotalAmt0136770
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01293830
IRS990/TotalLiabilitiesEOYAmt01290903
IRS990/TotalLiabilitiesGrp/BOYAmt01293830
IRS990/TotalLiabilitiesGrp/EOYAmt01290903

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.$0.99$1.90$0.91$0.13$0.18$0.05
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$1.89$0.86$0.10$0.22$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$1.90$0.67$0.12$0.19$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$1.88$0.61$0.12$0.16$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$1.88$0.56$0.12$0.14$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$1.29$0.47$0.13$0.14$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$1.30$0.46$0.11$0.16$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.89$1.30$0.41$0.11$0.16$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.99$1.29$0.30$0.12$0.14$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$1.29$0.28$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$1.29$0.25$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$1.29$0.20$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$1.29$0.16$0.10$0.13$0.03