Civic Intelligence

Catholic Housing Authority

990 • Fiscal year 2018 • EIN 63-0757978

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 15, 2020

3721 Wares Ferry RdMontgomery, AL 36109

(334) 272-4000

Siviq Scores

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

Liabilities / Assets

66th percentile

0.23x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

74th percentile

0.38x

Higher debt load relative to revenue than 74% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

34th percentile

-2.5%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

-3.3%

Faster revenue growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,781,825

Down $44,858 (-2.5%) from 2017

Net Assets

Up

$1,376,268

Up $129,100 (+10%) from 2017

Liabilities

Down

$405,557

Down $173,958 (-30%) from 2017

Revenue

Down

$1,077,421

Down $36,817 (-3.3%) from 2017

Expenses

Down

$948,321

Down $65,839 (-6.5%) from 2017

Net Income

Up

$129,100

Up $29,022 (+29%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,229,566Liabilities 2011: $1,510,065Net Assets 2011: $719,5012011Assets 2012: $2,264,987Liabilities 2012: $1,380,265Net Assets 2012: $884,7222012Assets 2013: $2,191,243Liabilities 2013: $1,264,056Net Assets 2013: $927,1872013Assets 2014: $2,088,907Liabilities 2014: $1,106,942Net Assets 2014: $981,9652014Assets 2015: $1,991,013Liabilities 2015: $941,857Net Assets 2015: $1,049,1562015Assets 2016: $1,915,499Liabilities 2016: $768,408Net Assets 2016: $1,147,0912016Assets 2017: $1,826,683Liabilities 2017: $579,515Net Assets 2017: $1,247,1682017Assets 2018: $1,781,825Liabilities 2018: $405,557Net Assets 2018: $1,376,2682018Assets 2019: $1,679,445Liabilities 2019: $168,769Net Assets 2019: $1,510,6762019Assets 2020: $5,967,413Liabilities 2020: $4,122,564Net Assets 2020: $1,844,8492020Assets 2021: $5,843,066Liabilities 2021: $4,173,757Net Assets 2021: $1,669,3092021Assets 2022: $5,509,149Liabilities 2022: $4,040,532Net Assets 2022: $1,468,6172022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2018

Assets$1,781,825
Liabilities$405,557
Net Assets$1,376,268

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $983,655Expenses 2011: $927,536Net Income 2011: $56,1192011Revenue 2012: $1,020,208Expenses 2012: $938,353Net Income 2012: $81,8552012Revenue 2013: $982,998Expenses 2013: $940,533Net Income 2013: $42,4652013Revenue 2014: $1,006,025Expenses 2014: $885,017Net Income 2014: $121,0082014Revenue 2015: $1,060,782Expenses 2015: $881,840Net Income 2015: $178,9422015Revenue 2016: $1,039,650Expenses 2016: $868,595Net Income 2016: $171,0552016Revenue 2017: $1,114,238Expenses 2017: $1,014,160Net Income 2017: $100,0782017Revenue 2018: $1,077,421Expenses 2018: $948,321Net Income 2018: $129,1002018Revenue 2019: $1,056,279Expenses 2019: $921,871Net Income 2019: $134,4082019Revenue 2020: $1,331,000Expenses 2020: $996,826Net Income 2020: $334,1742020Revenue 2021: $956,538Expenses 2021: $1,189,778Net Income 2021: -$233,2402021Revenue 2022: $1,047,135Expenses 2022: $1,247,825Net Income 2022: -$200,6902022Revenue 2023: $1,323,996Expenses 2023: $387,169Net Income 2023: $936,8272023

Highlighted filing

2018

Revenue$1,077,421
Expenses$948,321
Net Income$129,100
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 15, 2020
Return Version
2017v2.3
Gross Receipts
$1,077,421
Mission and Program Overview

Mission

To operate a low income apartment complex for the elderly in montgomery, alabama.

To operate a low income multifamily apartment complex for the elderly in montgomery, alabama.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,247,168$1,376,268▲ $129,100
Land, Buildings, and Equipment, Net$1,296,952$1,218,888▼ $78,064
Investments Program Related$492,125$512,010▲ $19,885
Cash and Non-Interest-Bearing Accounts$29,984$50,353▲ $20,369
Accounts Receivable$7,622$574▼ $7,048
Total Assets$1,826,683$1,781,825▼ $44,858
Liabilities
Unsecured Notes Loans Payable$510,186$316,519▼ $193,667
Accounts Payable and Accrued Expenses$23,293$50,120▲ $26,827
Other Liabilities$40,270$38,916▼ $1,354
Deferred Revenue$5,766$2▼ $5,764
Total Liabilities$579,515$405,557▼ $173,958
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,247,168$1,376,268▲ $129,100
Total Liabilities and Net Assets / Fund Balance$1,826,683$1,781,825▼ $44,858

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$846,795$2,777,481$3,624,276
Other Land Buildings$195,356$484,937$680,293
Equipment$11,568$161,153$172,721
Land$165,169-$165,169
Investment Program Related Org$29--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Zack AzarPresident
EUGENE C O'DONNELLBoard Member
Frank GitschierBoard Member
John KleinBoard Member
John MastinBoard Member
Michele ManryBoard Member
Perry BurdenBoard Member
Wade SimpsonBoard Member
Domenic IoffredaBoard Membet
Rose WinklerSecretary
Brian BonikowskiVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$625,265
Program Service Revenue
$451,644
Investment Income
$512
Other Revenue
$0
Change in Net Assets
$129,100

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,077,421
Total Revenue per Audited Statements
$1,077,421
Total Revenue per Form 990
$1,077,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$637,654
Salaries, Compensation, and Employee Benefits$310,667
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$286,161--$286,161
Other Salaries and Wages$258,392--$258,392
Depreciation Depletion$126,810--$126,810
Insurance$63,181--$63,181
Fees for Services Other$47,151--$47,151
Fees for Services Management-$42,278-$42,278
Other Employee Benefits$32,289--$32,289
Interest$27,941--$27,941
Payroll Taxes$19,986--$19,986
Office Expenses$13,434--$13,434
Fees for Services Accounting$6,500--$6,500
Other Expenses$1,953--$1,953
Advertising$1,180--$1,180
Total Functional Expenses$906,043$42,278$0$948,321

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$948,321
Total Expenses per Form 990$948,321
Expenses per Audited Statements$941,321
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
2191 Tenant Security Depos$37,102
2130 Accrued Interest Paya$1,814
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI

Line 19-any item requiring public posting is posted on the project's bulletin board. Other documents are available upon request. Line 11b board member with adequate knowledge reviews form prior to signing by the president.

Form 990, Page 6, Part VI, Line 7A

The managing agent board is selected from reommendations of other board members and are elected according to entity bylaws.

Form 990, Page 6, Part VI, Line 7B

Some board decicions are subject to hud approval.

Form 990, Page 6, Part VI, Line 11B

The president of the board reviews before signing.

Form 990, Page 6, Part VI, Line 19

Any item requiring public posting is posted on the project's bulletin board. Other documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Catholic Housing Authority
EIN
63-0757978
Phone
3342724000
Address
3721 WARES FERRY RD, MONTGOMERY, AL 36109
Doing Business As
Seton Haven Apartments

Signing Officer

Name
Zack Azar
Title
President
Phone
3342724000
Signed
2020-02-15

Organization Details

Principal Officer
Zack Azar
Formed
1977
Legal Domicile
Al
Voting Board Members
11
Independent Board Members
11
Employees
17

Preparer

Firm
Gray Justiss LLC
Address
PO BOX 230622, MONTGOMERY, AL 36123-0622
Preparer
Paige Justiss
Phone
3342772605
Supplemental Narrative

Additional Explanations

Form 990, Part III

Other program services include 317 transfer fee and 225 beauty shop for a total of 542 other program revenue

Form 990, Part XI, Line 9

Book / tax depreciation difference 124,713

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 124,713

Raw XML AppendixShowing 400 of 435 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0436514
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IRS990ScheduleA/PublicSupportPY170Pct00.57410
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0625265
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0557510
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03036847
IRS990ScheduleA/TotalSupportAmt05255345
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0846795
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02777481
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03624276
IRS990ScheduleD/EquipmentGrp/BookValueAmt011568
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0161153
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0172721
IRS990ScheduleD/ExpensesSubtotalAmt0941321
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0410026
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt133880
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt228265
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt325000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt49590
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt55000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6220
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt729
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc01320 REPLACEMENT RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CHARITY FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2ACCRUED INTEREST ON SEC DEP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4SECURITY DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5INSURANCE RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6CHARITY FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7ACC. INT ON RESTRICTED FUNDS
IRS990ScheduleD/LandGrp/BookValueAmt0165169
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0165169
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0195356
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0484937
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0680293
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt037102
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11814
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc02191 TENANT SECURITY DEPOS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc12130 ACCRUED INTEREST PAYA
IRS990ScheduleD/RevenueSubtotalAmt01077421
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 124,713
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IRS990ScheduleD/TotalBookValueProgramRltdAmt0512010
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IRS990ScheduleD/TotalLiabilityAmt038916
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES INCLUDE 317 TRANSFER FEE AND 225 BEAUTY SHOP FOR A TOTAL OF 542 OTHER PROGRAM REVENUE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 19-ANY ITEM REQUIRING PUBLIC POSTING IS POSTED ON THE PROJECT'S BULLETIN BOARD. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. LINE 11B BOARD MEMBER WITH ADEQUATE KNOWLEDGE REVIEWS FORM PRIOR TO SIGNING BY THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MANAGING AGENT BOARD IS SELECTED FROM REOMMENDATIONS OF OTHER BOARD MEMBERS AND ARE ELECTED ACCORDING TO ENTITY BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SOME BOARD DECICIONS ARE SUBJECT TO HUD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PRESIDENT OF THE BOARD REVIEWS BEFORE SIGNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANY ITEM REQUIRING PUBLIC POSTING IS POSTED ON THE PROJECT'S BULLETIN BOARD. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOOK / TAX DEPRECIATION DIFFERENCE 124,713
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/TotalContributionsAmt0625265
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042278
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0906043
IRS990/TotalFunctionalExpensesGrp/TotalAmt0948321
IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01247168
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01376268
IRS990/TotalOtherProgSrvcExpenseAmt05835
IRS990/TotalOtherProgSrvcRevenueAmt0542
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0225
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0225
IRS990/TotalProgramServiceExpensesAmt069133
IRS990/TotalProgramServiceRevenueAmt0451644
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01826683
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0510186
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0MONTGOMERY
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.32$0.39$0.94
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.51$4.04$1.47$1.05$1.25$0.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.84$4.17$1.67$0.96$1.19$0.23
2020Detailed filing. Detailed filing data is available for this year.$5.97$4.12$1.84$1.33$1.00$0.33
2019Detailed filing. Detailed filing data is available for this year.$1.68$0.17$1.51$1.06$0.92$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.78$0.41$1.38$1.08$0.95$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.83$0.58$1.25$1.11$1.01$0.10
2016Summary only. Only limited summary data is available for this year.$1.92$0.77$1.15$1.04$0.87$0.17
2015Summary only. Only limited summary data is available for this year.$1.99$0.94$1.05$1.06$0.88$0.18
2014Summary only. Only limited summary data is available for this year.$2.09$1.11$0.98$1.01$0.89$0.12
2013Summary only. Only limited summary data is available for this year.$2.19$1.26$0.93$0.98$0.94$0.04
2012Summary only. Only limited summary data is available for this year.$2.26$1.38$0.88$1.02$0.94$0.08
2011Summary only. Only limited summary data is available for this year.$2.23$1.51$0.72$0.98$0.93$0.06