Civic Intelligence

Prospect Inc

990 • Fiscal year 2017 • EIN 62-0793411

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 23, 2018

Organization ProfileWWW.PROSPECTINC.COM

View Organization Page

960 Maddox Simpson ParkwayLebanon, TN 37090

(615) 444-0597

Siviq Scores

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

Liabilities / Assets

66th percentile

0.34x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

31st percentile

0.08x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

52nd percentile

3.4%

Higher net margin than 52% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$99,955

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

78th percentile

16%

Faster asset growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

33rd percentile

-0.5%

Faster revenue growth than 33% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$1,691,144

Up $237,432 (+16%) from 2016

Net Assets

Up

$1,118,314

Up $257,395 (+30%) from 2016

Liabilities

Down

$572,830

Down $19,963 (-3.4%) from 2016

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin52nd percentile

Revenue

Down

$7,530,777

Down $40,391 (-0.5%) from 2016

Expenses

Down

$7,273,382

Down $1,273,713 (-15%) from 2016

Net Income

Up

$257,395

Up $1,233,322 (+126%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,705,391Liabilities 2011: $2,120,480Net Assets 2011: $1,584,9112011Assets 2012: $3,725,956Liabilities 2012: $1,661,610Net Assets 2012: $2,064,3462012Assets 2013: $3,799,273Liabilities 2013: $1,634,929Net Assets 2013: $2,164,3442013Assets 2014: $2,420,662Liabilities 2014: $723,634Net Assets 2014: $1,697,0282014Assets 2015: $2,439,146Liabilities 2015: $602,300Net Assets 2015: $1,836,8462015Assets 2016: $1,453,712Liabilities 2016: $592,793Net Assets 2016: $860,9192016Assets 2017: $1,691,144Liabilities 2017: $572,830Net Assets 2017: $1,118,3142017Assets 2018: $1,858,509Liabilities 2018: $599,683Net Assets 2018: $1,258,8262018Assets 2019: $1,984,888Liabilities 2019: $608,465Net Assets 2019: $1,376,4232019Assets 2020: $3,100,274Liabilities 2020: $1,704,816Net Assets 2020: $1,395,4582020Assets 2021: $2,980,515Liabilities 2021: $590,747Net Assets 2021: $2,389,7682021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2017

Assets$1,691,144
Liabilities$572,830
Net Assets$1,118,314
Open 2017 Filing

Operations Trend

Revenue Growth33rd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $11,259,793Expenses 2011: $11,345,157Net Income 2011: -$85,3642011Revenue 2012: $11,894,630Expenses 2012: $11,509,453Net Income 2012: $385,1772012Revenue 2013: $10,816,293Expenses 2013: $10,716,293Net Income 2013: $100,0002013Revenue 2014: $9,640,759Expenses 2014: $10,110,255Net Income 2014: -$469,4962014Revenue 2015: $8,833,015Expenses 2015: $8,693,197Net Income 2015: $139,8182015Revenue 2016: $7,571,168Expenses 2016: $8,547,095Net Income 2016: -$975,9272016Revenue 2017: $7,530,777Expenses 2017: $7,273,382Net Income 2017: $257,3952017Revenue 2018: $6,233,335Expenses 2018: $6,092,823Net Income 2018: $140,5122018Revenue 2019: $6,191,267Expenses 2019: $6,073,670Net Income 2019: $117,5972019Revenue 2020: $5,921,912Expenses 2020: $5,902,877Net Income 2020: $19,0352020Revenue 2021: $6,938,330Expenses 2021: $5,944,020Net Income 2021: $994,3102021Revenue 2022: $4,222,641Expenses 2022: $4,065,614Net Income 2022: $157,0272022

Highlighted filing

2017

Revenue$7,530,777
Expenses$7,273,382
Net Income$257,395
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 23, 2018
Return Version
2016v3.0
Gross Receipts
$7,589,419
Mission and Program Overview

Mission

To provide support services and employment to people who have disabilities or other barriers to personal independence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$315,855$835,389▲ $519,534
Accounts Receivable$840,038$627,304▼ $212,734
Land, Buildings, and Equipment, Net$257,713$142,639▼ $115,074
Pledges and Grants Receivable$35,267$63,751▲ $28,484
Prepaid Expenses and Deferred Charges$4,839$22,061▲ $17,222
Total Assets$1,453,712$1,691,144▲ $237,432
Liabilities
Accounts Payable and Accrued Expenses$535,924$542,907▲ $6,983
Deferred Revenue$30,067$29,923▼ $144
Mortgage Notes Payable Secured by Investment Property$26,802--
Total Liabilities$592,793$572,830▼ $19,963
Net Assets / Fund Balance
Unrestricted Net Assets$834,963$1,092,358▲ $257,395
Temporarily Rstr Net Assets$25,956$25,956→ $0
Total Net Assets Fund Balance$860,919$1,118,314▲ $257,395
Total Liabilities and Net Assets / Fund Balance$1,453,712$1,691,144▲ $237,432

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$142,639$599,398$742,037
Leasehold Improvements$0$720,851$720,851
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Eric ThompsonChief Executive OfficerFT$99,955$99,955
Audria FrattiniExecutive DirectorFT$74,119$74,119
Bradley BriggsDirector of FinanceFT$70,014$70,014

Board Members and Trustees

NameTitle
Heather BayChairman of the Board
Joe CowanVice Chairman
Callie GammonBoard Member
Carolyn ChristoffersenBoard Member
Duane HarperBoard Member
Ellen MattinglyBoard Member
Jan HallmarkBoard Member
Marlese AllenBoard Member
Matt BridgesBoard Member
Tony HarperBoard Member
Michael PittmanController
Lauren WoodenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$6,908,981
Program Service Revenue
$439,313
Investment Income
$152,284
Other Revenue
$30,199
All Other Contributions
$194,344
Change in Net Assets
$257,395
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,237,818
Other Expenses$986,808
Grants and Similar Amounts Paid$48,756
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,476,633$717,434-$5,194,067
Other Employee Benefits$529,837$68,658-$598,495
Payroll Taxes$373,379$48,423-$421,802
Occupancy$108,425$217,907-$326,332
Fees for Services Other$44,243$134,344-$178,587
Insurance$51,854$39,410-$91,264
Depreciation Depletion$58,047$5,048-$63,095
Grants to Domestic Individuals$48,756--$48,756
Pension Plan Contributions$20,761$2,693-$23,454
Other Expenses$17,429$1,966-$19,395
Travel$17,229$1,211-$18,440
All Other Expenses$6,624$8,812-$15,436
Interest-$94-$94
Total Functional Expenses$5,960,995$1,312,387$0$7,273,382
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
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The completed form 990 is mailed to each board member with the request to review it within one week, at their option. The finance committee is required to review and approve the return.”

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

“Annually, the controller reviews the conflict of interest statements and works to identify conflicts with vendors and customers.”

Form 990, Part VI, Section B, Line 15A

“Either the director of human resources or the controller obtains comparability data and proposes to the board of directors a compensation package for the executive director, who is the agency's only officer. The proposed compensation package and all supporting data are presented to the full board for approval before the beginning of the compensation year. The board discussion and decisions are documented in the minutes of the meeting.”

Form 990, Part VI, Section C, Line 19

“The agency makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Prospect Inc
EIN
62-0793411
Phone
6154440597
Address
960 MADDOX SIMPSON PARKWAY, LEBANON, TN 37090

Signing Officer

Name
Michael Pittman
Title
Controller
Phone
6154440597
Signed
2018-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Audria Frattini
Formed
1967
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
335
Volunteers
0

Preparer

Firm
Dempsey Vantrease & Follis Pllc
Address
724 WEST MAIN STREET, LEBANON, TN 37087
Preparer
Sharon Lynch
Phone
6154444125
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No change in oversight process or selection process during the tax year.”

Raw XML AppendixShowing 400 of 535 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 CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0150675
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0217907
IRS990/OccupancyGrp/ProgramServicesAmt0108425
IRS990/OccupancyGrp/TotalAmt0326332
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt068658
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0529837
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0598495
IRS990/OtherExpensesGrp/Desc0VEHICLE MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3FOOD
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06008
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt128932
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt231447
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31966
IRS990/OtherExpensesGrp/ProgramServicesAmt0175987
IRS990/OtherExpensesGrp/ProgramServicesAmt131791
IRS990/OtherExpensesGrp/ProgramServicesAmt217429
IRS990/OtherExpensesGrp/TotalAmt0181995
IRS990/OtherExpensesGrp/TotalAmt160723
IRS990/OtherExpensesGrp/TotalAmt231447
IRS990/OtherExpensesGrp/TotalAmt319395
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt030199
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt030199
IRS990/OtherRevenueTotalAmt030199
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0717434
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04476633
IRS990/OtherSalariesAndWagesGrp/TotalAmt05194067
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt048423
IRS990/PayrollTaxesGrp/ProgramServicesAmt0373379
IRS990/PayrollTaxesGrp/TotalAmt0421802
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02693
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt020761
IRS990/PensionPlanContributionsGrp/TotalAmt023454
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt035267
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt063751
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04839
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022061
IRS990/PrincipalOfficerNm0AUDRIA FRATTINI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561300
IRS990/ProgramServiceRevenueGrp/Desc0WORK CENTER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0439313
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0439313
IRS990/ProgSrvcAccomActyOtherGrp/Desc0EMPLOYMENT SERVICES, RESIDENTIAL AND HOME SUPPORT SERVICES, DAY SERVICES, CHILD DEVELOPMENT, FAMILY SUPPORT AND OTHER PROGRAMS. THESE PROGRAMS ARE FUNDED BY CONTRIBUTIONS AND GRANTS FROM THE STATE AND OTHER AGENCIES AND THEREFORE THE CORRESPONDING REVENUES ARE NOT CONSIDERED PROGRAM SERVICE REVENUES ON PAGE 9, PART VIII. HOWEVER, ALL OF THESE PROGRAMS FURTHER THE ORGANIZATION'S EXEMPT PURPOSE THEREFORE THE EXPENSES ARE PROGRAM SERVICE EXPENSES ON PAGE 10, PART IX, COLUMN B.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt05585521
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt048756
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt030199
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06657545
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0148413
IRS990/PYInvestmentIncomeAmt0-38163
IRS990/PYOtherExpensesAmt01235999
IRS990/PYOtherRevenueAmt067628
IRS990/PYProgramServiceRevenueAmt0884158
IRS990/PYRevenuesLessExpensesAmt0-975927
IRS990/PYSalariesCompEmpBnftPaidAmt07142283
IRS990/PYTotalExpensesAmt08547095
IRS990/PYTotalProfFndrsngExpnsAmt020400
IRS990/PYTotalRevenueAmt07571168
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0257395
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0439313
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06908981
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06657545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06530315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt06209684
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt07266739
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt033573264
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01609
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01619
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01753
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02522
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt041330
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt048833
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06840412
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt030199
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt037311
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt053438
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt061573
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt014094
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0196615
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99270
IRS990ScheduleA/PublicSupportPY170Pct00.99320
IRS990ScheduleA/PublicSupportTotal170Amt033573264
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06908981
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt06657545
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06530315
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt06209684
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt07266739
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt033573264
IRS990ScheduleA/TotalSupportAmt033818712
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0142639
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0599398
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0742037
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0720851
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0720851
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0142639
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt048756
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CASH
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt078
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0CASH GRANTS ARE PROVIDED TO INDIVIDUALS WITH SEVERE DISABILITIES UNDER THE FAMILY SUPPORT PROGRAM. A LOCAL FAMILY SUPPORT COUNCIL SELECTS APPLICANTS TO RECEIVE GRANTS AND DETERMINES THE AMOUNT TO BE GRANTED. THE LOCAL COUNCIL ESTABLISHES A DISABILITIES PRIORITIES LIST WHICH IS USED IN THE SELECTION PROCESS. ONCE SELECTED, THE INDIVIDUAL/FAMILY SENDS A COMPLETED VENDOR FORM TO THE FAMILY SUPPORT COORDINATOR (FSC) ONCE A MONTH, ATTACHING RECEIPTS OR BILLS, THE FCS REVIEWS THE VENDOR FORM AND BACK-UP DOCUMENTATION FOR ACCURACY, COMPARES IT WITH THE AMOUNT APPROVED, AND SUBMITS THE DOCUMENTATION TO THE AGENCY'S ACCOUNTS PAYABLE CLERK. ONCE THE CHECK HAS BEEN PREPARED, THE CONTROLLER VERIFIES THE CHECK IS CORRECT BY COMPARING THE VENDOR FORM, THE RECEIPTS AND THE CHECK, THEN SIGNS THE CHECK. ALL PROGRAM DOCUMENTATION IS AUDITED ANNUALLY BY THE TENNESSEE DEPARTMENT OF DEVELOPMENTAL AND INTELLECTUAL DISABILITIES AND DURING THE ANNUAL AUDIT OF THE FINANCIAL STATEMENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART III, LINE 1
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPLETED FORM 990 IS MAILED TO EACH BOARD MEMBER WITH THE REQUEST TO REVIEW IT WITHIN ONE WEEK, AT THEIR OPTION. THE FINANCE COMMITTEE IS REQUIRED TO REVIEW AND APPROVE THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY, THE CONTROLLER REVIEWS THE CONFLICT OF INTEREST STATEMENTS AND WORKS TO IDENTIFY CONFLICTS WITH VENDORS AND CUSTOMERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EITHER THE DIRECTOR OF HUMAN RESOURCES OR THE CONTROLLER OBTAINS COMPARABILITY DATA AND PROPOSES TO THE BOARD OF DIRECTORS A COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR, WHO IS THE AGENCY'S ONLY OFFICER. THE PROPOSED COMPENSATION PACKAGE AND ALL SUPPORTING DATA ARE PRESENTED TO THE FULL BOARD FOR APPROVAL BEFORE THE BEGINNING OF THE COMPENSATION YEAR. THE BOARD DISCUSSION AND DECISIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AGENCY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE IN OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
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 B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PROSPECT HOUSING PROPERTIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1PROSPECT HOUSING DEKALB INC

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,691,144
Liabilities
$572,830
Net assets
$1,118,314
Revenue
$7,530,777
Expenses
$7,273,382
Net income
$257,395
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$4.22$4.07$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$0.59$2.39$6.94$5.94$0.99
2020Detailed filing. Detailed filing data is available for this year.$3.10$1.70$1.40$5.92$5.90$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.98$0.61$1.38$6.19$6.07$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.86$0.60$1.26$6.23$6.09$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.69$0.57$1.12$7.53$7.27$0.26
2016Detailed filing. Detailed filing data is available for this year.$1.45$0.59$0.86$7.57$8.55$0.98
2015Detailed filing. Detailed filing data is available for this year.$2.44$0.60$1.84$8.83$8.69$0.14
2014Detailed filing. Detailed filing data is available for this year.$2.42$0.72$1.70$9.64$10.1$0.47
2013Summary only. Only limited summary data is available for this year.$3.80$1.63$2.16$10.8$10.7$0.10
2012Summary only. Only limited summary data is available for this year.$3.73$1.66$2.06$11.9$11.5$0.39
2011Summary only. Only limited summary data is available for this year.$3.71$2.12$1.58$11.3$11.3$0.09