Civic Intelligence

Columbia Development Programs Inc

990 • Fiscal year 2019 • EIN 64-0427411

Apr 01, 2018 to Mar 31, 2019 • Filed on Jan 24, 2020

381 Edgewood TerraceJackson, MS 39206

(601) 948-6401

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.77x

Higher debt load relative to assets than 92% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.69x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Net Margin

52nd percentile

7.7%

Higher net margin than 52% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

18th percentile

-5.8%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

-0.9%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$857,778

Down $52,376 (-5.8%) from 2018

Net Assets

Up

$193,819

Up $74,350 (+62%) from 2018

Liabilities

Down

$663,959

Down $126,726 (-16%) from 2018

Revenue

Down

$961,019

Down $8,403 (-0.9%) from 2018

Expenses

Up

$886,669

Up $21,548 (+2.5%) from 2018

Net Income

Down

$74,350

Down $29,951 (-29%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2011: $949,065Liabilities 2011: $1,350,017Net Assets 2011: -$400,9522011Assets 2012: $940,385Liabilities 2012: $1,280,147Net Assets 2012: -$339,7622012Assets 2013: $881,328Liabilities 2013: $1,246,816Net Assets 2013: -$365,4882013Assets 2014: $838,213Liabilities 2014: $1,148,841Net Assets 2014: -$310,6282014Assets 2015: $820,442Liabilities 2015: $1,104,591Net Assets 2015: -$284,1492015Assets 2016: $803,476Liabilities 2016: $984,546Net Assets 2016: -$181,0702016Assets 2017: $899,224Liabilities 2017: $884,056Net Assets 2017: $15,1682017Assets 2018: $910,154Liabilities 2018: $790,685Net Assets 2018: $119,4692018Assets 2019: $857,778Liabilities 2019: $663,959Net Assets 2019: $193,8192019Assets 2020: $887,044Liabilities 2020: $513,474Net Assets 2020: $373,5702020Assets 2021: $942,282Liabilities 2021: $376,677Net Assets 2021: $565,6052021Assets 2022: $1,039,498Liabilities 2022: $226,526Net Assets 2022: $812,9722022Assets 2023: $1,095,818Liabilities 2023: $115,459Net Assets 2023: $980,3592023Assets 2025: $1,802,197Liabilities 2025: $128,186Net Assets 2025: $1,674,0112025

Highlighted filing

2019

Assets$857,778
Liabilities$663,959
Net Assets$193,819

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2011: $765,0572011Expenses 2012: $756,9572012Expenses 2013: $818,5382013Revenue 2014: $829,668Expenses 2014: $774,808Net Income 2014: $54,8602014Revenue 2015: $846,128Expenses 2015: $819,649Net Income 2015: $26,4792015Revenue 2016: $922,346Expenses 2016: $819,089Net Income 2016: $103,2572016Revenue 2017: $983,039Expenses 2017: $786,801Net Income 2017: $196,2382017Revenue 2018: $969,422Expenses 2018: $865,121Net Income 2018: $104,3012018Revenue 2019: $961,019Expenses 2019: $886,669Net Income 2019: $74,3502019Revenue 2020: $1,048,588Expenses 2020: $868,837Net Income 2020: $179,7512020Revenue 2021: $1,087,406Expenses 2021: $895,371Net Income 2021: $192,0352021Revenue 2022: $1,110,408Expenses 2022: $863,041Net Income 2022: $247,3672022Revenue 2023: $1,117,431Expenses 2023: $950,044Net Income 2023: $167,3872023Revenue 2025: $1,255,647Expenses 2025: $831,127Net Income 2025: $424,5202025

Highlighted filing

2019

Revenue$961,019
Expenses$886,669
Net Income$74,350
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Jan 24, 2020
Return Version
2018v3.1
Gross Receipts
$961,019
Mission and Program Overview

Mission

To provide low income housing

Rental of low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$752,369$713,851▼ $38,518
Cash and Non-Interest-Bearing Accounts$52,019$22,311▼ $29,708
Accounts Receivable$4,369$4,213▼ $156
Prepaid Expenses and Deferred Charges$9,741$838▼ $8,903
Total Assets$910,154$857,778▼ $52,376
Other Assets Total$91,656$116,565▲ $24,909
Liabilities
Mortgage Notes Payable Secured by Investment Property$551,226$422,320▼ $128,906
Other Liabilities$193,818$199,949▲ $6,131
Accounts Payable and Accrued Expenses$45,641$41,690▼ $3,951
Total Liabilities$790,685$663,959▼ $126,726
Net Assets / Fund Balance
Unrestricted Net Assets$119,469$193,819▲ $74,350
Total Net Assets Fund Balance$119,469$193,819▲ $74,350
Total Liabilities and Net Assets / Fund Balance$910,154$857,778▼ $52,376

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$452,932$1,442,909$1,895,841
Other Land Buildings$41,581$1,113,060$1,154,641
Land$219,338-$219,338
Other Assets Org$1,693--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles LeePresident
Frank CollinsVice President
Shelia ConerlySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$960,981
Investment Income
$38
Other Revenue
$0
Change in Net Assets
$74,350

Audited Revenue Reconciliation

Revenue per Audited Statements
$961,019
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$961,019
Total Revenue per Form 990
$961,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$650,287
Salaries, Compensation, and Employee Benefits$236,382
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$133,870$56,565-$190,435
Depreciation Depletion$89,093--$89,093
Interest$56,056--$56,056
Fees for Services Management-$53,995-$53,995
All Other Expenses$24,903$21,995-$46,898
Other Expenses$41,907--$41,907
Insurance$40,088--$40,088
Other Employee Benefits$26,311--$26,311
Payroll Taxes$19,636--$19,636
Fees for Services Accounting-$17,204-$17,204
Office Expenses-$5,877-$5,877
Advertising-$5,615-$5,615
Total Functional Expenses$725,418$161,251$0$886,669

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$886,669
Total Expenses per Audited Statements$886,669
Total Expenses per Form 990$886,669
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current Maturities of Mortgage Payable$128,906
Accrued Property Taxes$39,186
Tenant Security Deposits$20,303
Accrued Mgt Fees Payable$7,305
Accrued Interest$4,249
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

With approval from hud, the organization has entered into a property management contract for the project with inventive property management (agent). The contract is for an indefinite period. Under the contract, the agent has agreed to rent, operate, and maintain the project. As consideration for its services, the agent is paid 5.05 percent of residential, commercial and miscellaneous income collected on behalf of the east columbia project with no limit per unit/per month and 7.66 percent of residential and miscellaneous income for the period of ten years collected on behalf of the columbia development project.

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

The form 990 is prepared by the organization's independent certified public accountants and reviewed by the organization's principal officer. A copy of the organization's final form 990 (including required schedules) is provided to each voting member of the organization's governing body. The organization's governing body reviews the form 990, approves the form 990 for filing with the internal revenue service, and authorizes officers of the organization to execute the form 990 on behalf of the organization.

Form 990, Part VI, Section C, Line 19

The organization makes their 990 available to the public upon request and through other public outlets such as guidestar.org.

Filing and Contact Details

Filer

Filer Name
Columbia Development Programs Inc
EIN
64-0427411
Phone
6019486401
Address
381 EDGEWOOD TERRACE, JACKSON, MS 39206

Signing Officer

Name
Frank Collins
Title
Vice President
Phone
6019486401
Signed
2020-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Collins
Formed
1972
Legal Domicile
Ms
Voting Board Members
3
Independent Board Members
3
Employees
8
Volunteers
0

Preparer

Firm
Harper Rains Knight & Company Pa
Address
1052 HIGHLAND COLONY PKWY STE 100, RIDGELAND, MS 39157
Preparer
Bill Felder CPA
Phone
6016050722
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The committee that assumes responsibility for oversight of the audit has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The company is exempt from federal income taxes under section 501(c)(4) of the internal revenue code. The company is also exempt from state income taxes. There were no uncertain tax positions identified related to the current year and the project has no unrecognized tax benefits at march 31, 2019 for which liabilities have been established. The project recognizes interest and penalties, if any, related to unrecognized tax benefits as a component of income tax expense. The tax years that remain open for federal income tax jurisdictions are 2015 and forward.

Raw XML Appendix362 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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IRS990ScheduleD/RevenueSubtotalAmt0961019
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. THE COMPANY IS ALSO EXEMPT FROM STATE INCOME TAXES. THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED RELATED TO THE CURRENT YEAR AND THE PROJECT HAS NO UNRECOGNIZED TAX BENEFITS AT MARCH 31, 2019 FOR WHICH LIABILITIES HAVE BEEN ESTABLISHED. THE PROJECT RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. THE TAX YEARS THAT REMAIN OPEN FOR FEDERAL INCOME TAX JURISDICTIONS ARE 2015 AND FORWARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0713851
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0116565
IRS990ScheduleD/TotalExpensesPerForm990Amt0886669
IRS990ScheduleD/TotalLiabilityAmt0199949
IRS990ScheduleD/TotalRevenuePerForm990Amt0961019
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0961019
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0886669
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WITH APPROVAL FROM HUD, THE ORGANIZATION HAS ENTERED INTO A PROPERTY MANAGEMENT CONTRACT FOR THE PROJECT WITH INVENTIVE PROPERTY MANAGEMENT (AGENT). THE CONTRACT IS FOR AN INDEFINITE PERIOD. UNDER THE CONTRACT, THE AGENT HAS AGREED TO RENT, OPERATE, AND MAINTAIN THE PROJECT. AS CONSIDERATION FOR ITS SERVICES, THE AGENT IS PAID 5.05 PERCENT OF RESIDENTIAL, COMMERCIAL AND MISCELLANEOUS INCOME COLLECTED ON BEHALF OF THE EAST COLUMBIA PROJECT WITH NO LIMIT PER UNIT/PER MONTH AND 7.66 PERCENT OF RESIDENTIAL AND MISCELLANEOUS INCOME FOR THE PERIOD OF TEN YEARS COLLECTED ON BEHALF OF THE COLUMBIA DEVELOPMENT PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS AND REVIEWED BY THE ORGANIZATION'S PRINCIPAL OFFICER. A COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING REQUIRED SCHEDULES) IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY. THE ORGANIZATION'S GOVERNING BODY REVIEWS THE FORM 990, APPROVES THE FORM 990 FOR FILING WITH THE INTERNAL REVENUE SERVICE, AND AUTHORIZES OFFICERS OF THE ORGANIZATION TO EXECUTE THE FORM 990 ON BEHALF OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES THEIR 990 AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH OTHER PUBLIC OUTLETS SUCH AS GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0910154
IRS990/TotalAssetsEOYAmt0857778
IRS990/TotalAssetsGrp/BOYAmt0910154
IRS990/TotalAssetsGrp/EOYAmt0857778
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0161251
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0725418
IRS990/TotalFunctionalExpensesGrp/TotalAmt0886669
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0790685
IRS990/TotalLiabilitiesEOYAmt0663959
IRS990/TotalLiabilitiesGrp/BOYAmt0790685
IRS990/TotalLiabilitiesGrp/EOYAmt0663959
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0119469
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0193819
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0725418
IRS990/TotalProgramServiceRevenueAmt0960981
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt038
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0960981
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0961019
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0910154
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0857778
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0119469
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0193819
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0381 EDGEWOOD TERRACE
IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039206
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK COLLINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06019486401
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLUMBIA DEVELOPMENT PROGRAMS INC
ReturnHeader/Filer/BusinessNameControlTxt0COLU
ReturnHeader/Filer/EIN0640427411
ReturnHeader/Filer/PhoneNum06019486401
ReturnHeader/Filer/USAddress/AddressLine1Txt0381 EDGEWOOD TERRACE
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039206
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0888C7C57B408732528BEFF3C8E16FABAD0F8B471
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C08881D6EA5F169FE43D41C1DFD4A0FE3A72148C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.8.246.36
ReturnHeader/FilingSecurityInformation/IPDt02020-01-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:54:28
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640809101
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HARPER RAINS KNIGHT & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01052 HIGHLAND COLONY PKWY STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RIDGELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039157
ReturnHeader/PreparerPersonGrp/PhoneNum06016050722
ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BILL FELDER CPA
ReturnHeader/ReturnTs02020-02-15T14:59:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-04-01
ReturnHeader/TaxPeriodEndDt02019-03-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.13$1.67$1.26$0.83$0.42
2023Summary only. Only limited summary data is available for this year.$1.10$0.12$0.98$1.12$0.95$0.17
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.23$0.81$1.11$0.86$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.38$0.57$1.09$0.90$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.51$0.37$1.05$0.87$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.66$0.19$0.96$0.89$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.79$0.12$0.97$0.87$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.88$0.02$0.98$0.79$0.20
2016Summary only. Only limited summary data is available for this year.$0.80$0.98$0.18$0.92$0.82$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.82$1.10$0.28$0.85$0.82$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.84$1.15$0.31$0.83$0.77$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$1.25$0.37$0.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$1.28$0.34$0.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$1.35$0.40$0.77