Civic Intelligence

Eufaula Housing Development Inc.

990 • Fiscal year 2021 • EIN 63-1241037

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 12, 2022

PO Box 36Eufaula, AL 36072-0036

(334) 687-2451

Siviq Scores

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

Liabilities / Assets

87th percentile

0.60x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

12.36x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

78th percentile

34%

Higher net margin than 78% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

87th percentile

$169,718

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 168.6% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

96th percentile

158%

Faster asset growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

92nd percentile

152%

Faster revenue growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,086,451

Up $1,277,872 (+158%) from 2020

Net Assets

Up

$842,778

Up $34,699 (+4.3%) from 2020

Liabilities

Up

$1,243,673

Up $1,243,173 (+248635%) from 2020

Revenue

Up

$100,659

Up $60,655 (+152%) from 2020

Expenses

Up

$65,960

Up $33,179 (+101%) from 2020

Net Income

Up

$34,699

Up $27,476 (+380%) 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 2010: $97,832Liabilities 2010: $4,213Net Assets 2010: $93,6192010Assets 2011: $135,969Liabilities 2011: $38,250Net Assets 2011: $97,7192011Assets 2012: $136,280Liabilities 2012: $37,529Net Assets 2012: $98,7512012Assets 2013: $101,070Liabilities 2013: $0Net Assets 2013: $101,0702013Assets 2014: $153,922Liabilities 2014: $47,500Net Assets 2014: $106,4222014Assets 2015: $122,161Liabilities 2015: $0Net Assets 2015: $122,1612015Assets 2016: $730,514Liabilities 2016: $0Net Assets 2016: $730,5142016Assets 2017: $767,056Liabilities 2017: $0Net Assets 2017: $767,0562017Assets 2018: $777,035Liabilities 2018: $0Net Assets 2018: $777,0352018Assets 2019: $801,356Liabilities 2019: $500Net Assets 2019: $800,8562019Assets 2020: $808,579Liabilities 2020: $500Net Assets 2020: $808,0792020Assets 2021: $2,086,451Liabilities 2021: $1,243,673Net Assets 2021: $842,7782021Assets 2022: $5,338,817Liabilities 2022: $2,219,995Net Assets 2022: $3,118,8222022Assets 2023: $7,646,622Liabilities 2023: $4,500,373Net Assets 2023: $3,146,2492023Assets 2024: $8,588,237Liabilities 2024: $5,433,495Net Assets 2024: $3,154,7422024

Highlighted filing

2021

Assets$2,086,451
Liabilities$1,243,673
Net Assets$842,778

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2010: $44,430Expenses 2010: $42,822Net Income 2010: $1,6082010Revenue 2011: $43,753Expenses 2011: $39,652Net Income 2011: $4,1012011Revenue 2012: $23,885Expenses 2012: $22,853Net Income 2012: $1,0322012Revenue 2013: $22,560Expenses 2013: $20,241Net Income 2013: $2,3192013Revenue 2014: $36,695Expenses 2014: $31,343Net Income 2014: $5,3522014Revenue 2015: $72,584Expenses 2015: $56,845Net Income 2015: $15,7392015Revenue 2016: $666,396Expenses 2016: $58,043Net Income 2016: $608,3532016Revenue 2017: $94,571Expenses 2017: $58,029Net Income 2017: $36,5422017Revenue 2018: $79,514Expenses 2018: $69,535Net Income 2018: $9,9792018Revenue 2019: $56,847Expenses 2019: $33,026Net Income 2019: $23,8212019Revenue 2020: $40,004Expenses 2020: $32,781Net Income 2020: $7,2232020Revenue 2021: $100,659Expenses 2021: $65,960Net Income 2021: $34,6992021Revenue 2022: $2,520,069Expenses 2022: $244,026Net Income 2022: $2,276,0432022Revenue 2023: $477,428Expenses 2023: $450,001Net Income 2023: $27,4272023Revenue 2024: $763,802Expenses 2024: $755,309Net Income 2024: $8,4932024

Highlighted filing

2021

Revenue$100,659
Expenses$65,960
Net Income$34,699
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 12, 2022
Return Version
2021v4.2
Gross Receipts
$100,659
Mission and Program Overview

Mission

To provide educational and low income housing opportunities to the citizens of eufaula, al.

To provide educational and low income housing opportunities to the citizens of eufaula, al

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$215,501$1,727,060▲ $1,511,559
Savings and Temporary Cash Investments-$117,634-
Investments in Publicly Traded Securities-$100,339-
Investments Program Related$56,645$69,645▲ $13,000
Cash and Non-Interest-Bearing Accounts$535,583$67,515▼ $468,068
Prepaid Expenses and Deferred Charges$850$4,258▲ $3,408
Total Assets$808,579$2,086,451▲ $1,277,872
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,151,199-
Accounts Payable and Accrued Expenses-$91,724-
Other Liabilities$500$750▲ $250
Total Liabilities$500$1,243,673▲ $1,243,173
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$808,079$842,778▲ $34,699
Total Net Assets Fund Balance$808,079$842,778▲ $34,699
Total Liabilities and Net Assets / Fund Balance$808,579$2,086,451▲ $1,277,872

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,386,109$5,436$1,391,545
Land$340,951-$340,951
Compensation and Service Providers

Board Members and Trustees

NameTitle
Garry GarrisonPresident
Larry ThomasVice President
Derek ThomasMember
Jerry StanleyMember
Sidney ChapmanMember
Tom WachsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$7,500
Program Service Revenue
$92,827
Investment Income
$332
Other Revenue
$0
All Other Contributions
$7,500
Change in Net Assets
$34,699

Audited Revenue Reconciliation

Revenue per Audited Statements
$100,659
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1
Total Revenue per Audited Statements
$100,658
Total Revenue per Form 990
$100,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$65,960
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$12,008-$12,008
Fees for Services Other$4,630$7,064-$11,694
Other Expenses$10,000--$10,000
Insurance$9,035--$9,035
Depreciation Depletion$5,436--$5,436
Total Functional Expenses$46,888$19,072$0$65,960

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$65,960
Total Expenses per Audited Statements$65,960
Total Expenses per Form 990$65,960
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Security Deposits$750
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 board meeting minutes are recorded

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Eufaula Housing Development Inc
EIN
63-1241037
Phone
3346872451
Address
PO BOX 36, EUFAULA, AL 36072-0036

Signing Officer

Name
Tom Wachs
Title
Secretary/executive Director
Phone
3346872451
Signed
2022-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Garry Garrison
Formed
2000
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Borland Benefield Pc
Address
800 SHADES CREEK PKWY STE 875, BIRMINGHAM, AL 35209
Preparer
Charles W Polmatier
Phone
2058027212
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 4,630. Management and general expenses 7,064. Fundraising expenses 0. Total expenses 11,694.

Part XII, Line 2C

The board of commissioners assumes responsibility for selection of an independent accountant and oversight of the audit.

Financial Statement Notes

PART X, LINE 2:

The corporation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements

PART XI, LINE 2D - OTHER ADJUSTMENTS:

ROUNDING

Part XI, Line 2D

ROUNDING DIFFERENCE.

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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0100659
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ROUNDING DIFFERENCE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01727060
IRS990ScheduleD/TotalExpensesPerForm990Amt065960
IRS990ScheduleD/TotalLiabilityAmt0750
IRS990ScheduleD/TotalRevenuePerForm990Amt0100659
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0100658
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt065960
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0147024
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt011200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011494
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TOM WACHS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0169718
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD MEETING MINUTES ARE RECORDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 4,630. MANAGEMENT AND GENERAL EXPENSES 7,064. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,694.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF COMMISSIONERS ASSUMES RESPONSIBILITY FOR SELECTION OF AN INDEPENDENT ACCOUNTANT AND OVERSIGHT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0EUFAULA HOUSING AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0AL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SHARED MANAGEMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0737 SOUTH ORANGE AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0EUFAULA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0AL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd036207
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt013595
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0MANAGEMENT CONTRACT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0EUFAULA HOUSING AUTHORITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0808579
IRS990/TotalAssetsEOYAmt02086451
IRS990/TotalAssetsGrp/BOYAmt0808579
IRS990/TotalAssetsGrp/EOYAmt02086451
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt07500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019072
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt046888
IRS990/TotalFunctionalExpensesGrp/TotalAmt065960
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0500
IRS990/TotalLiabilitiesEOYAmt01243673
IRS990/TotalLiabilitiesGrp/BOYAmt0500
IRS990/TotalLiabilitiesGrp/EOYAmt01243673
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0808079
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0842778
IRS990/TotalOtherCompensationAmt022694
IRS990/TotalProgramServiceExpensesAmt046888
IRS990/TotalProgramServiceRevenueAmt092827
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0332
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt092827
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0100659
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0808579
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02086451
IRS990/TotReportableCompRltdOrgAmt0147024
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 36
IRS990/USAddress/CityNm0EUFAULA
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd0360720036
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1

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.$8.59$5.43$3.15$0.76$0.76$0.01
2023Detailed filing. Detailed filing data is available for this year.$7.65$4.50$3.15$0.48$0.45$0.03
2022Detailed filing. Detailed filing data is available for this year.$5.34$2.22$3.12$2.52$0.24$2.28
2021Detailed filing. Detailed filing data is available for this year.$2.09$1.24$0.84$0.10$0.07$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.04$0.03$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.06$0.03$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.08$0.07$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.09$0.06$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.67$0.06$0.61
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.07$0.06$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.05$0.11$0.04$0.03$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.02$0.02$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.04$0.10$0.02$0.02$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.04$0.10$0.04$0.04$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.09$0.04$0.04$0.00