Civic Intelligence

Apex Housing Foundation Inc

990 • Fiscal year 2015 • EIN 61-1682022

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 16, 2016

P O Box 467372Atlanta, GA 31146

(678) 997-7013

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

45th percentile

1.3%

Higher net margin than 45% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

89th percentile

78%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

32%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$13,700

Up $6,000 (+78%) from 2014

Net Assets

Up

$13,700

Up $6,000 (+78%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$466,500

Up $113,000 (+32%) from 2014

Expenses

Up

$460,500

Up $110,700 (+32%) from 2014

Net Income

Up

$6,000

Up $2,300 (+62%) from 2014

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2014: $7,700Liabilities 2014: $0Net Assets 2014: $7,7002014Assets 2015: $13,700Liabilities 2015: $0Net Assets 2015: $13,7002015Assets 2016: $14,700Liabilities 2016: $0Net Assets 2016: $14,7002016Assets 2017: $15,100Liabilities 2017: $0Net Assets 2017: $15,1002017Assets 2018: $16,452Liabilities 2018: $0Net Assets 2018: $16,4522018Assets 2019: $17,804Liabilities 2019: $0Net Assets 2019: $17,8042019Assets 2020: $19,656Net Assets 2020: $19,6562020Assets 2021: $21,056Liabilities 2021: $0Net Assets 2021: $21,0562021Assets 2022: $21,508Net Assets 2022: $21,5082022Assets 2023: $21,149Net Assets 2023: $21,1492023

Highlighted filing

2015

Assets$13,700
Liabilities$0
Net Assets$13,700

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2014: $353,500Expenses 2014: $349,800Net Income 2014: $3,7002014Revenue 2015: $466,500Expenses 2015: $460,500Net Income 2015: $6,0002015Revenue 2016: $600,500Expenses 2016: $599,500Net Income 2016: $1,0002016Revenue 2017: $695,500Expenses 2017: $695,100Net Income 2017: $4002017Revenue 2018: $28,952Expenses 2018: $27,600Net Income 2018: $1,3522018Revenue 2019: $28,952Expenses 2019: $27,100Net Income 2019: $1,8522019Revenue 2020: $28,952Expenses 2020: $27,100Net Income 2020: $1,8522020Revenue 2021: $28,900Expenses 2021: $27,500Net Income 2021: $1,4002021Revenue 2022: $28,952Expenses 2022: $27,100Net Income 2022: $1,8522022Revenue 2023: $12,491Expenses 2023: $12,850Net Income 2023: -$3592023

Highlighted filing

2015

Revenue$466,500
Expenses$460,500
Net Income$6,000
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 16, 2016
Return Version
2015v2.1
Gross Receipts
$466,500
Mission and Program Overview

Mission

Apex Housing Foundation (AHF) is a non-profit organization committed to the revitalization of our communities. AHF provides affordable housing for low to moderate income level families, transitional housing for displaced veterans, ED training, to build strong families

Apex Housing Foundation (AHF) is a non-profit organization committed to the revitalization of our communities. AHF provides affordable housing for low to moderate income level families, transitional housing for displaced displaced veterans, educational training and development opportunities to build strong families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,700$13,700▲ $6,000
Rtn Earn Endowment Incm Other Fnds$7,700$13,700▲ $6,000
Total Assets$7,700$13,700▲ $6,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,700$13,700▲ $6,000
Total Liabilities and Net Assets / Fund Balance$7,700$13,700▲ $6,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles SpryBoard Chair / CEO
Carlos SpryVice Chair
Alvin JamesBoard Member
Tyrone Alexander HillSecretary
Vera JacksonTreasure
Revenue and Support

Revenue Composition

Contributions and Grants
$37,000
Program Service Revenue
$420,000
Investment Income
$0
Other Revenue
$9,500
All Other Contributions
$37,000
Change in Net Assets
$6,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$452,500
Professional Fundraising Fees$8,000
Total Fundraising Expense$8,000
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$19,900$0$0$19,900
Other Expenses$17,100$0$0$17,100
Fees for Services Accounting$12,150$1,350$0$13,500
Advertising$9,000$0$0$9,000
Fees for Services Professional Fundraising--$8,000$8,000
Travel$5,500$0$0$5,500
Fees for Services Legal$4,500$500$0$5,000
Office Expenses$5,000$0$0$5,000
Conferences and Meetings$4,500$0$0$4,500
Insurance$2,500$0$0$2,500
Total Functional Expenses$450,650$1,850$8,000$460,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$8,000
Fundraising Gross Income$6,000
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Apex Housing Foundation Inc
EIN
61-1682022
Phone
6789977013
Address
P O BOX 467372, ATLANTA, GA 31146

Signing Officer

Name
Charles Spry
Title
CEO
Phone
6789977013
Signed
2016-04-16

Organization Details

Principal Officer
Charles Spry
Formed
2012
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
C M Gibbs CPA LLC
Address
PO Box 500157, Atlanta, GA 31150-0157
Preparer
Carina Gibbs CPA
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Board members Charles Spry and Carlos Spry are related. The remaining three board members are not related. None of the board members engage in business transactions with Apex Housing Foundation, Inc.

Pt VI, Line 7A

Board members may be elected by approval of the board of directors.

Pt VI, Line 7B

The officers of the corporation are elected or appointed by the Board of Directors.

Pt VI, Line 19

Bylaws and all governing documents, conflict of interest policy are available for review at each board meeting. The Treasurer and the CPA present the financial statements to the Board of Directors on a quarterly basis and the Form 990 tax return and supplemental schedules are reviewed and any questions concerning the filing of the tax returns are discussed and approved prior to filing with the IRS.

Pt VI, Line 11B

N/A

Pt VI, Line 15B

There were no monetary payments or salary for the CEO, Executive Director, or top management official.

Pt VI, Line 15A

There were no monetary payments or salary for the officers.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board members Charles Spry and Carlos Spry are related. The remaining three board members are not related. None of the board members engage in business transactions with Apex Housing Foundation, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members may be elected by approval of the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The officers of the corporation are elected or appointed by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Bylaws and all governing documents, conflict of interest policy are available for review at each board meeting. The Treasurer and the CPA present the financial statements to the Board of Directors on a quarterly basis and the Form 990 tax return and supplemental schedules are reviewed and any questions concerning the filing of the tax returns are discussed and approved prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5There were no monetary payments or salary for the CEO, Executive Director, or top management official.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6There were no monetary payments or salary for the officers.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
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IRS990/TotalAssetsGrp/BOYAmt07700
IRS990/TotalAssetsGrp/EOYAmt013700
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt037000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08000
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01850
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0450650
IRS990/TotalFunctionalExpensesGrp/TotalAmt0460500
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07700
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013700
IRS990/TotalProgramServiceExpensesAmt0450650
IRS990/TotalProgramServiceRevenueAmt0420000
IRS990/TotalRevenueGrp/ExclusionAmt06000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0423500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0466500
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07700
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013700
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt05500
IRS990/TravelGrp/TotalAmt05500
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 467372
IRS990/USAddress/CityNm0ATLANTA
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd031146
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES SPRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06789977013
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0APEX HOUSING FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0APEX
ReturnHeader/Filer/EIN0611682022
ReturnHeader/Filer/PhoneNum06789977013
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 467372
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd031146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0C M GIBBS CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 500157
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Atlanta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0311500157
ReturnHeader/PreparerPersonGrp/PreparationDt02016-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARINA GIBBS CPA
ReturnHeader/ReturnTs02016-04-29T02:46:32-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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