Civic Intelligence

Paladin Inc.

990 • Fiscal year 2021 • EIN 63-1189791

Aug 01, 2020 to Jul 31, 2021 • Filed on May 19, 2022

745 Ponce DE Leon Terrace NEAtlanta, GA 30306

(256) 490-4866

Siviq Scores

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

Liabilities / Assets

58th percentile

0.18x

Higher debt load relative to assets than 58% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

1.27x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

85th percentile

47%

Higher net margin than 85% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$400,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 30.9% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

51st percentile

9.9%

Faster asset growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-65%

Faster revenue growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$9,015,054

Up $813,852 (+9.9%) from 2020

Net Assets

Up

$7,370,079

Up $1,022,626 (+16%) from 2020

Liabilities

Down

$1,644,975

Down $208,774 (-11%) from 2020

Revenue

Down

$1,293,063

Down $2,432,484 (-65%) from 2020

Expenses

Down

$686,888

Down $1,772,333 (-72%) from 2020

Net Income

Down

$606,175

Down $660,151 (-52%) from 2020

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $2,419,515Liabilities 2011: $817Net Assets 2011: $2,418,6982011Assets 2012: $2,891,840Liabilities 2012: $0Net Assets 2012: $2,891,8402012Assets 2013: $3,814,596Liabilities 2013: $446Net Assets 2013: $3,814,1502013Assets 2014: $4,099,469Liabilities 2014: $0Net Assets 2014: $4,099,4692014Assets 2015: $4,283,907Liabilities 2015: $0Net Assets 2015: $4,283,9072015Assets 2016: $4,238,415Liabilities 2016: $0Net Assets 2016: $4,238,4152016Assets 2017: $5,969,242Liabilities 2017: $1,283,448Net Assets 2017: $4,685,7942017Assets 2018: $5,054,122Liabilities 2018: $386,574Net Assets 2018: $4,667,5482018Assets 2019: $5,525,273Liabilities 2019: $439,478Net Assets 2019: $5,085,7952019Assets 2020: $8,201,202Liabilities 2020: $1,853,749Net Assets 2020: $6,347,4532020Assets 2021: $9,015,054Liabilities 2021: $1,644,975Net Assets 2021: $7,370,0792021Assets 2022: $8,144,182Liabilities 2022: $513,972Net Assets 2022: $7,630,2102022Assets 2023: $9,395,356Liabilities 2023: $425,759Net Assets 2023: $8,969,5972023

Highlighted filing

2021

Assets$9,015,054
Liabilities$1,644,975
Net Assets$7,370,079

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $474,661Expenses 2011: $338,535Net Income 2011: $136,1262011Revenue 2012: $946,871Expenses 2012: $473,729Net Income 2012: $473,1422012Revenue 2013: $1,691,161Expenses 2013: $770,529Net Income 2013: $920,6322013Revenue 2014: $1,090,583Expenses 2014: $878,949Net Income 2014: $211,6342014Revenue 2015: $1,186,759Expenses 2015: $1,002,321Net Income 2015: $184,4382015Revenue 2016: $447,966Expenses 2016: $493,458Net Income 2016: -$45,4922016Revenue 2017: $2,787,645Expenses 2017: $2,340,266Net Income 2017: $447,3792017Revenue 2018: $643,543Expenses 2018: $672,957Net Income 2018: -$29,4142018Revenue 2019: $1,022,109Expenses 2019: $597,986Net Income 2019: $424,1232019Revenue 2020: $3,725,547Expenses 2020: $2,459,221Net Income 2020: $1,266,3262020Revenue 2021: $1,293,063Expenses 2021: $686,888Net Income 2021: $606,1752021Revenue 2022: $786,038Expenses 2022: $531,013Net Income 2022: $255,0252022Revenue 2023: $1,855,364Expenses 2023: $517,541Net Income 2023: $1,337,8232023

Highlighted filing

2021

Revenue$1,293,063
Expenses$686,888
Net Income$606,175
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
May 19, 2022
Return Version
2020v4.0
Gross Receipts
$1,293,063
Mission and Program Overview

Mission

To develop and provide decent, safe, and sanitary housing for low income persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$6,347,453$7,370,079▲ $1,022,626
Other Notes and Loans Receivable, Net$6,604,940$6,236,615▼ $368,325
Savings and Temporary Cash Investments$1,001,315$1,229,510▲ $228,195
Accounts Receivable$94,916$883,509▲ $788,593
Cash and Non-Interest-Bearing Accounts$166,574$294,804▲ $128,230
Land, Buildings, and Equipment, Net$153,467$192,186▲ $38,719
Total Assets$8,201,202$9,015,054▲ $813,852
Other Assets Total$179,990$178,430▼ $1,560
Liabilities
Other Liabilities$1,822,424$1,629,642▼ $192,782
Accounts Payable and Accrued Expenses$31,325$15,333▼ $15,992
Total Liabilities$1,853,749$1,644,975▼ $208,774
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,347,453$7,370,079▲ $1,022,626
Total Liabilities and Net Assets / Fund Balance$8,201,202$9,015,054▲ $813,852

Asset Categories

AssetBook ValueDepreciationBasis
Land$152,845-$152,845
Other Land Buildings$39,341$5,964$45,305
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Phillip EllenExecutive DiPT$230,000$170,000$400,000
Joe CollumsVice PresidePT-$275,000$275,000
Phillip EllenExecutive Director-$95,000$135,000$230,000

Board Members and Trustees

NameTitle
Pat PickrenPresident
Joe CollumsVice President
Jason EllenBoard Member
Jim DudleyBoard Member
Mike SandersBoard Member
Ben CaseySecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,177,651
Investment Income
$31,026
Other Revenue
$84,386
Change in Net Assets
$606,175

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,293,063
Total Revenue per Audited Statements
$1,293,063
Total Revenue per Form 990
$1,293,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$345,683
Salaries, Compensation, and Employee Benefits$341,205
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$95,000$135,000-$230,000
Other Salaries and Wages$25,000$25,000-$50,000
Pension Plan Contributions-$30,000-$30,000
All Other Expenses$4,901$19,945-$24,846
Depreciation Depletion-$18,100-$18,100
Other Expenses$17,200--$17,200
Other Employee Benefits-$16,455-$16,455
Payroll Taxes$14,750--$14,750
Fees for Services Accounting-$13,095-$13,095
Occupancy$5,100--$5,100
Fees for Services Legal-$4,197-$4,197
Office Expenses$2,968--$2,968
Travel$2,233--$2,233
Interest-$125-$125
Total Functional Expenses$424,971$261,917$0$686,888

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$686,888
Expenses per Audited Statements$672,263
Total Expenses per Audited Statements$672,263
Expenses Not Reported on Financial Statements$14,625
Other Expense Adjustments$14,625
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
Line of Credit$515,500
Tech Asst Fees Hollie Grove$427,136
Tech Asst Fees Poplar Pt$344,616
Tech Asst Fees Windmere$287,885
Tech Asst Fees Cumberland$54,505
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Phil ellen jason ellen director board member brothers

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

The directors review the 990 before mailing

Form 990, Page 6, Part VI, Line 12C

The board of directors have approved a written conflict of interest policy. All board members are required to read the conflict of interest policy and sign a conflict of interest disclosure on an annual basis. The board president and vice president ensure that the board members are not allowed to discuss or vote in any matters for which they have a conflict of interest.

Form 990, Page 6, Part VI, Line 15A

Paladin, inc. Has a written compensation policy with comparable compensation data

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Paladin Inc
EIN
63-1189791
Phone
2564904866
Address
745 PONCE DE LEON TERRACE NE, ATLANTA, GA 30306

Signing Officer

Name
Phillip Ellen
Title
Executive Director
Phone
2564904866
Signed
2022-05-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip Ellen
Formed
1997
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
5
Employees
2

Preparer

Firm
Cone & Smith Pc
Address
106 RAINBOW INDUSTRIAL BLVD, RAINBOW CITY, AL 35906-8901
Preparer
David a Smith CPA
Phone
2564133057
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Development of low-income housing projects

Form 990, Part XI, Line 9

Book / tax depreciation difference 14,625

Financial Statement Notes

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

Book / tax depreciation difference 14,625

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3287885
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt454505
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TECH ASST FEES HOLLIE GROVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TECH ASST FEES POPLAR PT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3TECH ASST FEES WINDMERE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4TECH ASST FEES CUMBERLAND
IRS990ScheduleD/RevenueSubtotalAmt01293063
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 14,625
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PHILLIP ELLEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOE COLLUMS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1275000
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR EARNS BONUSES CONTINGENT UPON FUNDING OF DEVELOPMENT APPLICATIONS AND SUCCESSFUL COMPLETION OF LOW-INCOME HOUSING PROJECTS.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR AND VICE PRESIDENT EARN BONUSES CONTINGENT UPON FUNDING OF DEVELOPMENT APPLICATIONS AND SUCCESSFUL COMPLETION OF LOW-INCOME HOUSING PROJECTS.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ENGAGED A COMPENSATION CONSULTING FIRM TO EVALUATE THE COMPENSATION OF THE ORGANIZATION'S EMPLOYEES, AS WELL AS THE EMPLOYEES OF ITS RELATED ORGANIZATIONS. THE EVALUATION INCLUDED COMPARABLE COMPENSATION INFORMATION FROM NON-PROFIT AND FOR-PROFIT ENTITIES OF THE SAME SIZE AND TYPE. BASED ON THE DATA OBTAINED, THE EVALUATION ALSO PROVIDED RECOMMENDATIONS TO THE ORGANIZATION'S BOARD OF DIRECTORS. THE BOARD APPROVED A WRITTEN COMPENSATION PLAN BASED ON THE RECOMMENDATIONS OF THE THIRD PARTY CONSULTING FIRM.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 5A
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE J, PAGE 1, PART I, LINE 5B
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE J, PART III
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEVELOPMENT OF LOW-INCOME HOUSING PROJECTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PHIL ELLEN JASON ELLEN DIRECTOR BOARD MEMBER BROTHERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DIRECTORS REVIEW THE 990 BEFORE MAILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS HAVE APPROVED A WRITTEN CONFLICT OF INTEREST POLICY. ALL BOARD MEMBERS ARE REQUIRED TO READ THE CONFLICT OF INTEREST POLICY AND SIGN A CONFLICT OF INTEREST DISCLOSURE ON AN ANNUAL BASIS. THE BOARD PRESIDENT AND VICE PRESIDENT ENSURE THAT THE BOARD MEMBERS ARE NOT ALLOWED TO DISCUSS OR VOTE IN ANY MATTERS FOR WHICH THEY HAVE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PALADIN, INC. HAS A WRITTEN COMPENSATION POLICY WITH COMPARABLE COMPENSATION DATA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOOK / TAX DEPRECIATION DIFFERENCE 14,625
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2PALADIN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt3PALADIN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt4PALADIN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt5PALADIN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt6PALADIN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt7PALADIN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt8PALADIN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt9GA COMM
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt10GA COMM
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt11GA COMM

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