Civic Intelligence

Karat Place Inc.

990 • Fiscal year 2013 • EIN 62-1808577

Jan 01, 2013 to Dec 31, 2013 • Filed on May 08, 2014

558 Boyd St38126-3606

(901) 525-4055

Siviq Scores

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

Liabilities / Assets

85th percentile

0.30x

Higher debt load relative to assets than 85% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

91st percentile

0.42x

Higher debt load relative to revenue than 91% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

79th percentile

$13,051

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

43rd percentile

-1.1%

Faster asset growth than 43% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

23rd percentile

-19%

Faster revenue growth than 23% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Down

$150,209

Down $1,645 (-1.1%) from 2012

Net Assets

Up

$104,914

Up $13,693 (+15%) from 2012

Liabilities

Down

$45,295

Down $15,338 (-25%) from 2012

Revenue

Down

$106,887

Down $25,816 (-19%) from 2012

Expenses

Down

$82,971

Down $14,804 (-15%) from 2012

Net Income

Down

$23,916

Down $11,012 (-32%) from 2012

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $125,741Liabilities 2011: $69,448Net Assets 2011: $56,2932011Assets 2012: $151,854Liabilities 2012: $60,633Net Assets 2012: $91,2212012Assets 2013: $150,209Liabilities 2013: $45,295Net Assets 2013: $104,9142013Assets 2014: $125,350Liabilities 2014: $41,752Net Assets 2014: $83,5982014Assets 2015: $121,191Liabilities 2015: $44,677Net Assets 2015: $76,5142015Assets 2016: $129,817Liabilities 2016: $16,961Net Assets 2016: $112,8562016Assets 2017: $129,194Liabilities 2017: $16,755Net Assets 2017: $112,4392017Assets 2018: $123,041Liabilities 2018: $4,243Net Assets 2018: $118,7982018Assets 2019: $126,056Liabilities 2019: $2,128Net Assets 2019: $123,9282019Assets 2020: $110,902Liabilities 2020: $1,424Net Assets 2020: $109,4782020Assets 2021: $104,939Liabilities 2021: $10,267Net Assets 2021: $94,6722021Assets 2022: $85,051Liabilities 2022: $3,173Net Assets 2022: $81,8782022Assets 2023: $80,240Liabilities 2023: $5,344Net Assets 2023: $74,8962023Assets 2024: $77,664Liabilities 2024: $14,970Net Assets 2024: $62,6942024

Highlighted filing

2013

Assets$150,209
Liabilities$45,295
Net Assets$104,914

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2011: $132,749Expenses 2011: $123,340Net Income 2011: $9,4092011Revenue 2012: $132,703Expenses 2012: $97,775Net Income 2012: $34,9282012Revenue 2013: $106,887Expenses 2013: $82,971Net Income 2013: $23,9162013Revenue 2014: $121,319Expenses 2014: $138,498Net Income 2014: -$17,1792014Revenue 2015: $117,691Expenses 2015: $124,775Net Income 2015: -$7,0842015Revenue 2016: $154,849Expenses 2016: $135,490Net Income 2016: $19,3592016Revenue 2017: $115,069Expenses 2017: $115,486Net Income 2017: -$4172017Revenue 2018: $108,180Expenses 2018: $103,126Net Income 2018: $5,0542018Revenue 2019: $151,679Expenses 2019: $145,494Net Income 2019: $6,1852019Revenue 2020: $131,235Expenses 2020: $145,685Net Income 2020: -$14,4502020Revenue 2021: $143,982Expenses 2021: $158,788Net Income 2021: -$14,8062021Revenue 2022: $155,838Expenses 2022: $168,626Net Income 2022: -$12,7882022Revenue 2023: $145,983Expenses 2023: $145,526Net Income 2023: $4572023Revenue 2024: $112,874Expenses 2024: $125,155Net Income 2024: -$12,2812024

Highlighted filing

2013

Revenue$106,887
Expenses$82,971
Net Income$23,916
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 8, 2014
Return Version
2013v3.1
Gross Receipts
$106,887
Mission and Program Overview

Mission

Housing for ex-offender women - To rehabilitate the women to reduce recidivism in the Greater Memphis. Through a better standard of living in transitional housing and various programming geared to empower these women to be contributing citizens.

Housing for ex-offender women - To rehibilitate the women to reduce recidivism in the Greater Memphis. Through a better standard of living in transitional housing and various programming geared to empower these women to be contributing citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$106,954$103,321▼ $3,633
Cash and Non-Interest-Bearing Accounts$34,900$46,888▲ $11,988
Accounts Receivable$10,000--
Total Assets$151,854$150,209▼ $1,645
Liabilities
Mortgage Notes Payable Secured by Investment Property$58,427$45,295▼ $13,132
Accounts Payable and Accrued Expenses$2,206--
Total Liabilities$60,633$45,295▼ $15,338
Net Assets / Fund Balance
Unrestricted Net Assets$91,221$104,914▲ $13,693
Total Net Assets Fund Balance$91,221$104,914▲ $13,693
Total Liabilities and Net Assets / Fund Balance$151,854$150,209▼ $1,645

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$54,396$10,029-
Other Land Buildings-$25,000-
Land$5,000--
Equipment$9,775--
Leasehold Improvements$34,150--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Melvena Leake ReevesPresidentFT$13,051$13,051
Revenue and Support

Revenue Composition

Contributions and Grants
$103,717
Program Service Revenue
$3,170
Investment Income
$0
Other Revenue
$0
All Other Contributions
$94,685
Change in Net Assets
$23,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,768
Salaries, Compensation, and Employee Benefits$30,203
Total Fundraising Expense$4,409
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$22,991--$22,991
Other Salaries and Wages$13,307--$13,307
Current Officers, Directors, Trustees, and Key Employees$8,012$3,951$1,088$13,051
Office Expenses-$8,829-$8,829
Insurance$4,978--$4,978
Payroll Taxes$3,074$605$166$3,845
Depreciation Depletion$3,633--$3,633
Other Expenses$3,985-$3,080$3,080
Advertising$1,437--$1,437
Fees for Services Other$1,130--$1,130
All Other Expenses$1,013--$1,013
Information Technology-$942-$942
Fees for Services Accounting-$675$75$750
Total Functional Expenses$63,560$15,002$4,409$82,971
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
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

Governance Explanations

Governing body meeting documentation Part VI line 8A

Minutes are recorded by secretary at each meeting Most meetings were documented

Committee meeting documentation Part VI line 8B

No committees grant permission

Form 990 governing body review Part VI line 11

A copy of Form 990 is forwarded to the Executive Director for Board review

Conflict of interest policy compliance Part VI line 12C

Each year board members sign a committment agreement and conflict of interest statement

CEO executive director top management comp Part VI line 15A

The Executive Director compensation requires Board approval

Other officer or key employee compensation Part VI line 15B

The Board, as a group, makes decision on the hiring of key employees

Governing documents etc available to public Part VI line 19

No documents available to the public

Filing and Contact Details

Filer

EIN
62-1808577

Signing Officer

Name
Melvena Leake Reeves
Title
President
Phone
9015254055
Signed
2014-05-08
Discuss with paid preparer
No

Organization Details

Formed
1999
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
5

Preparer

Preparer
Leslie Knighten
Phone
9014356154
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Like-kind exchanges

List of other fees for services expenses Part IX line 11G

Monitoring expenses

List of other expenses Part IX line 24E

Utilities $8,463Supplies $392Supplies $605

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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/OccupancyGrp/ProgramServicesAmt022991
IRS990/OccupancyGrp/TotalAmt022991
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08829
IRS990/OfficeExpensesGrp/TotalAmt08829
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0AutomobileTransportation
IRS990/OtherExpensesGrp/Desc1Fundraising
IRS990/OtherExpensesGrp/FundraisingAmt03080
IRS990/OtherExpensesGrp/ProgramServicesAmt03985
IRS990/OtherExpensesGrp/TotalAmt03985
IRS990/OtherExpensesGrp/TotalAmt13080
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt013307
IRS990/OtherSalariesAndWagesGrp/TotalAmt013307
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0166
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0605
IRS990/PayrollTaxesGrp/ProgramServicesAmt03074
IRS990/PayrollTaxesGrp/TotalAmt03845
IRS990/PoliticalCampaignActyInd0false
IRS990/PriorPeriodAdjustmentsAmt0-10223
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Tenant Contributions
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03170
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03170
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0128653
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0129
IRS990/PYOtherExpensesAmt066232
IRS990/PYProgramServiceRevenueAmt04050
IRS990/PYRevenuesLessExpensesAmt034928
IRS990/PYSalariesCompEmpBnftPaidAmt031414
IRS990/PYTotalExpensesAmt097775
IRS990/PYTotalRevenueAmt0132703
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt023916
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0106887
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0106887
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0132703
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0143170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt090734
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0117593
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0591087
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92160
IRS990ScheduleA/PublicSupportTotal170Amt0544731
IRS990ScheduleA/SubstantialContributorsTotAmt046356
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0106887
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0132703
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0143170
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt090734
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0117593
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0591087
IRS990ScheduleA/TotalSupportAmt0591087
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/BookValueAmt054396
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010029
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt064425
IRS990ScheduleD/EquipmentGrp/BookValueAmt09775
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt09775
IRS990ScheduleD/LandGrp/BookValueAmt05000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt05000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt034150
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt034150
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt025000
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt025000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0103321
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Minutes are recorded by secretary at each meeting Most meetings were documented
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No committees grant permission
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of Form 990 is forwarded to the Executive Director for Board review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each year board members sign a committment agreement and conflict of interest statement
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Executive Director compensation requires Board approval
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board, as a group, makes decision on the hiring of key employees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6No documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Like-kind exchanges
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Monitoring expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Utilities $8,463Supplies $392Supplies $605
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0151854
IRS990/TotalAssetsEOYAmt0150209
IRS990/TotalAssetsGrp/BOYAmt0151854
IRS990/TotalAssetsGrp/EOYAmt0150209
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0103717
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04409
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015002
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt063560
IRS990/TotalFunctionalExpensesGrp/TotalAmt082971
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt060633
IRS990/TotalLiabilitiesEOYAmt045295
IRS990/TotalLiabilitiesGrp/BOYAmt060633
IRS990/TotalLiabilitiesGrp/EOYAmt045295
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt091221
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0104914
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt063560

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.15$0.63$1.13$1.25$0.12
2023Summary only. Only limited summary data is available for this year.$0.80$0.05$0.75$1.46$1.46$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.03$0.82$1.56$1.69$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.10$0.95$1.44$1.59$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.01$1.09$1.31$1.46$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.02$1.24$1.52$1.45$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.04$1.19$1.08$1.03$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.17$1.12$1.15$1.15$0.00
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.17$1.13$1.55$1.35$0.19
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.45$0.77$1.18$1.25$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.25$0.42$0.84$1.21$1.38$0.17
2013Detailed filing. Detailed filing data is available for this year.$1.50$0.45$1.05$1.07$0.83$0.24
2012Summary only. Only limited summary data is available for this year.$1.52$0.61$0.91$1.33$0.98$0.35
2011Summary only. Only limited summary data is available for this year.$1.26$0.69$0.56$1.33$1.23$0.09