Civic Intelligence

Columbia Development Programs Inc

990 • Fiscal year 2021 • EIN 64-0427411

Apr 01, 2020 to Mar 31, 2021 • Filed on Feb 02, 2022

PO Box 1220Jackson, MS 39215-1220

(601) 948-6401

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.40x

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

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

68th percentile

0.35x

Higher debt load relative to revenue than 68% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Net Margin

56th percentile

18%

Higher net margin than 56% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

50th percentile

6.2%

Faster asset growth than 50% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

46th percentile

3.7%

Faster revenue growth than 46% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$942,282

Up $55,238 (+6.2%) from 2020

Net Assets

Up

$565,605

Up $192,035 (+51%) from 2020

Liabilities

Down

$376,677

Down $136,797 (-27%) from 2020

Revenue

Up

$1,087,406

Up $38,818 (+3.7%) from 2020

Expenses

Up

$895,371

Up $26,534 (+3.1%) from 2020

Net Income

Up

$192,035

Up $12,284 (+6.8%) from 2020

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

2021

Assets$942,282
Liabilities$376,677
Net Assets$565,605

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

2021

Revenue$1,087,406
Expenses$895,371
Net Income$192,035
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Feb 2, 2022
Return Version
2020v4.2
Gross Receipts
$1,087,406
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$677,805$629,821▼ $47,984
Cash and Non-Interest-Bearing Accounts$54,947$135,222▲ $80,275
Accounts Receivable$8,256$10,300▲ $2,044
Prepaid Expenses and Deferred Charges$10,004$8,737▼ $1,267
Total Assets$887,044$942,282▲ $55,238
Other Assets Total$136,032$158,202▲ $22,170
Liabilities
Other Liabilities$188,351$201,434▲ $13,083
Mortgage Notes Payable Secured by Investment Property$280,971$125,986▼ $154,985
Accounts Payable and Accrued Expenses$44,152$49,257▲ $5,105
Total Liabilities$513,474$376,677▼ $136,797
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$373,570$565,605▲ $192,035
Total Net Assets Fund Balance$373,570$565,605▲ $192,035
Total Liabilities and Net Assets / Fund Balance$887,044$942,282▲ $55,238

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$380,125$1,521,724$1,901,849
Other Land Buildings$30,358$1,137,574$1,167,932
Land$219,338-$219,338
Other Assets Org$2,450--
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
$1,087,343
Investment Income
$63
Other Revenue
$0
Change in Net Assets
$192,035

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,087,406
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,087,406
Total Revenue per Form 990
$1,087,406
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$635,631
Salaries, Compensation, and Employee Benefits$259,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$121,132$96,235-$217,367
Depreciation Depletion$75,686$1,878-$77,564
Fees for Services Management-$60,207-$60,207
Other Expenses$46,446$2,310-$46,446
Insurance$36,024$1,416-$37,440
Interest$31,199$891-$32,090
All Other Expenses$13,647$16,367-$30,014
Other Employee Benefits$11,897$9,452-$21,349
Payroll Taxes$11,716$9,308-$21,024
Fees for Services Accounting-$17,754-$17,754
Advertising-$5,905-$5,905
Office Expenses-$4,953-$4,953
Total Functional Expenses$665,242$230,129$0$895,371

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$895,371
Total Expenses per Audited Statements$895,371
Total Expenses per Form 990$895,371
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$154,992
Tenant Security Deposits$21,807
Accrued Property Taxes$16,215
Accrued Mgt Fees Payable$6,292
Accrued Interest$2,128
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
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
PO BOX 1220, JACKSON, MS 39215-1220

Signing Officer

Name
Frank Collins
Title
Vice President
Phone
6019486401
Signed
2022-02-02
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
9
Volunteers
0

Preparer

Firm
Harper Rains Knight & Company Pa
Address
1052 HIGHLAND COLONY PKWY STE 100, RIDGELAND, MS 39157
Preparer
Joey Fletcher 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 Appendix366 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/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01087406
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/TotalBookValueLandBuildingsAmt0629821
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0158202
IRS990ScheduleD/TotalExpensesPerForm990Amt0895371
IRS990ScheduleD/TotalLiabilityAmt0201434
IRS990ScheduleD/TotalRevenuePerForm990Amt01087406
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01087406
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0895371
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0887044
IRS990/TotalAssetsEOYAmt0942282
IRS990/TotalAssetsGrp/BOYAmt0887044
IRS990/TotalAssetsGrp/EOYAmt0942282
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0230129
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0665242
IRS990/TotalFunctionalExpensesGrp/TotalAmt0895371
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0513474
IRS990/TotalLiabilitiesEOYAmt0376677
IRS990/TotalLiabilitiesGrp/BOYAmt0513474
IRS990/TotalLiabilitiesGrp/EOYAmt0376677
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0373570
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0565605
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0665242
IRS990/TotalProgramServiceRevenueAmt01087343
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt063
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01087343
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01087406
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0887044
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0942282
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1220
IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd0392151220
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK COLLINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06019486401
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLUMBIA DEVELOPMENT PROGRAMS INC
ReturnHeader/Filer/BusinessNameControlTxt0COLU
ReturnHeader/Filer/EIN0640427411
ReturnHeader/Filer/PhoneNum06019486401
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1220
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd0392151220
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/PreparationDt02022-02-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOEY FLETCHER CPA
ReturnHeader/ReturnTs02022-02-15T15:29:40-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FRANK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COLLINS
ReturnHeader/TaxPeriodBeginDt02020-04-01
ReturnHeader/TaxPeriodEndDt02021-03-31
ReturnHeader/TaxYr02020

Document Assets

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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
2021Detailed filing. Detailed filing data is available for this year.$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
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$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