Civic Intelligence

Matthews Retirement Center John and David

EIN 64-0693592 • 501(c)3 • Indianola, MS

Profile

To provide 50 HUD subsidized housing units to qualified low-income tenants.

702 Alexander StreetIndianola, MS 38751

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.58x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

3.57x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

17th percentile

-15%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

1.4%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$979,972

Down $167,073 (-15%) from 2023

Liabilities

Down

$1,547,035

Down $53,150 (-3.3%) from 2023

Net Assets

Down

-$567,063

Down $113,923 (-25%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin19th percentile

Revenue

Up

$433,019

Up $6,019 (+1.4%) from 2023

Expenses

Up

$497,442

Up $103,424 (+26%) from 2023

Net Income

Down

-$64,423

Down $97,405 (-295%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth17th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $868,835Liabilities 2011: $1,309,337Net Assets 2011: -$440,5022011Assets 2012: $1,638,046Liabilities 2012: $2,040,475Net Assets 2012: -$402,4292012Assets 2013: $1,648,658Liabilities 2013: $2,028,200Net Assets 2013: -$379,5422013Assets 2014: $1,533,162Liabilities 2014: $1,986,930Net Assets 2014: -$453,7682014Assets 2015: $1,508,203Liabilities 2015: $1,950,078Net Assets 2015: -$441,8752015Assets 2016: $1,484,977Liabilities 2016: $1,920,877Net Assets 2016: -$435,9002016Assets 2017: $1,459,206Liabilities 2017: $1,892,833Net Assets 2017: -$433,6272017Assets 2018: $1,287,851Liabilities 2018: $1,771,031Net Assets 2018: -$483,1802018Assets 2019: $1,284,481Liabilities 2019: $1,736,711Net Assets 2019: -$452,2302019Assets 2021: $1,207,793Liabilities 2021: $1,667,481Net Assets 2021: -$459,6882021Assets 2022: $1,181,015Liabilities 2022: $1,667,137Net Assets 2022: -$486,1222022Assets 2023: $1,147,045Liabilities 2023: $1,600,185Net Assets 2023: -$453,1402023Assets 2024: $979,972Liabilities 2024: $1,547,035Net Assets 2024: -$567,0632024

Highlighted filing

2024

Assets$979,972
Liabilities$1,547,035
Net Assets-$567,063
Open 2024 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $362,4042011Expenses 2012: $350,6662012Expenses 2013: $364,4302013Revenue 2014: $382,548Expenses 2014: $456,777Net Income 2014: -$74,2292014Revenue 2015: $391,380Expenses 2015: $379,487Net Income 2015: $11,8932015Revenue 2016: $384,139Expenses 2016: $378,163Net Income 2016: $5,9762016Revenue 2017: $375,702Expenses 2017: $373,429Net Income 2017: $2,2732017Revenue 2018: $408,883Expenses 2018: $458,440Net Income 2018: -$49,5572018Revenue 2019: $416,515Expenses 2019: $385,556Net Income 2019: $30,9592019Revenue 2021: $418,228Expenses 2021: $454,646Net Income 2021: -$36,4182021Revenue 2022: $417,451Expenses 2022: $435,027Net Income 2022: -$17,5762022Revenue 2023: $427,000Expenses 2023: $394,018Net Income 2023: $32,9822023Revenue 2024: $433,019Expenses 2024: $497,442Net Income 2024: -$64,4232024

Highlighted filing

2024

Revenue$433,019
Expenses$497,442
Net Income-$64,423
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$979,972
Liabilities
$1,547,035
Net assets
-$567,063
Revenue
$433,019
Expenses
$497,442
Net income
-$64,423
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$1.55$0.57$0.43$0.50$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.15$1.60$0.45$0.43$0.39$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.18$1.67$0.49$0.42$0.44$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$1.67$0.46$0.42$0.45$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.28$1.74$0.45$0.42$0.39$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.29$1.77$0.48$0.41$0.46$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.46$1.89$0.43$0.38$0.37$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.48$1.92$0.44$0.38$0.38$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.51$1.95$0.44$0.39$0.38$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.53$1.99$0.45$0.38$0.46$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$2.03$0.38$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$2.04$0.40$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$1.31$0.44$0.36
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 26, 2025
Return Version
2024v5.2
Gross Receipts
$433,019
Mission and Program Overview

Mission

Provide low-income housing to the elderly and/or handicapped under section 202 of the national housing act

To provide low-income housing to the elderly and/or handicapped under Section 202 of the National Housing Act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$612,055$610,899▼ $1,156
Savings and Temporary Cash Investments$421,490$324,659▼ $96,831
Prepaid Expenses and Deferred Charges$28,965$26,922▼ $2,043
Cash and Non-Interest-Bearing Accounts$229$16,376▲ $16,147
Accounts Receivable$19,949$581▼ $19,368
Total Assets$1,083,223$979,972▼ $103,251
Other Assets Total$535$535→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,518,472$1,477,889▼ $40,583
Accounts Payable and Accrued Expenses$31,736$35,875▲ $4,139
Other Liabilities$35,655$33,271▼ $2,384
Total Liabilities$1,585,863$1,547,035▼ $38,828
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-502,640$-567,063▼ $64,423
Total Net Assets Fund Balance$-502,640$-567,063▼ $64,423
Total Liabilities and Net Assets / Fund Balance$1,083,223$979,972▼ $103,251

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$401,477$1,733,171$2,134,648
Land$209,422-$209,422
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Lacy HarrellPresident
Vivian JohnsonVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$427,100
Investment Income
$5,919
Other Revenue
$0
Change in Net Assets
$-64,423

Audited Revenue Reconciliation

Revenue per Audited Statements
$433,019
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$433,019
Total Revenue per Form 990
$433,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$370,395
Salaries, Compensation, and Employee Benefits$127,047
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$118,695$8,352-$127,047
Occupancy$78,887--$78,887
Interest$62,087--$62,087
Depreciation Depletion$61,057--$61,057
Insurance$34,858--$34,858
Fees for Services Management-$29,328-$29,328
Office Expenses-$14,959-$14,959
Fees for Services Accounting-$11,775-$11,775
Conferences and Meetings-$2,705-$2,705
Other Expenses$550--$550
Advertising-$165-$165
Total Functional Expenses$430,158$67,284$0$497,442

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$497,442
Total Expenses per Audited Statements$497,442
Total Expenses per Form 990$497,442
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
Accrued managment fees$22,215
Security deposit liability$11,056
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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 entered into a property management contract. The managing agent has agreed to rent, operate, and maintain the project on behalf of the Organization for a fee of 7% of gross collections.”

Form 990, Part VI, Section A, line 8A

“The Organization is a HUD subsidized housing project managed by an independent management company and the board does not meet except in times of emergencies.”

Form 990, Part VI, Section A, line 8B

“There are no committees with the authority to act on behalf of the governing body.”

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

“The Organization provides the Form 990 to its governing body for their review before the information return is filed.”

Form 990, Part VI, Section C, line 19

“The Organization makes it governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Matthews Retirement Center
EIN
64-0693592
Phone
6017148350
Address
702 Alexander Street, Indianola, MS 38751

Signing Officer

Name
Lacy Harrell
Title
President
Phone
6017148350
Signed
2025-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lacy Harrell
Formed
1986
Legal Domicile
Ms
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Gillon Christian Mosby PLLC
Address
PO Box 1103, Natchez, MS 39121
Preparer
Deanne Tanksley
Phone
6014466681
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“Income Taxes As John and David Matthews Retirement Center II is a tax-exempt entity under the Internal Revenue Code Section 501(c)(3), neither the Project nor its not-for-profit corporate owner is subject to federal and state income taxes. There were no uncertain tax positions identified related to the current year and the Organization has no unrecognized tax benefits at May 31, 2025 and 2024, for which liabilities have been established. The Organization recognizes interest and penalties, if any, related to unrecognized tax benefits as a component of income tax expense.”

Raw XML Appendix346 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/BuildingsGrp/BookValueAmt0401477
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01733171
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02134648
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0497442
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0209422
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0209422
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122215
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security deposit liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued managment fees
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0433019
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income Taxes As John and David Matthews Retirement Center II is a tax-exempt entity under the Internal Revenue Code Section 501(c)(3), neither the Project nor its not-for-profit corporate owner is subject to federal and state income taxes. There were no uncertain tax positions identified related to the current year and the Organization has no unrecognized tax benefits at May 31, 2025 and 2024, for which liabilities have been established. The Organization recognizes interest and penalties, if any, related to unrecognized tax benefits as a component of income tax expense.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0610899
IRS990ScheduleD/TotalExpensesPerForm990Amt0497442
IRS990ScheduleD/TotalLiabilityAmt033271
IRS990ScheduleD/TotalRevenuePerForm990Amt0433019
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0433019
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0497442
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0With approval from HUD, the Organization entered into a property management contract. The managing agent has agreed to rent, operate, and maintain the project on behalf of the Organization for a fee of 7% of gross collections.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization is a HUD subsidized housing project managed by an independent management company and the board does not meet except in times of emergencies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are no committees with the authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization provides the Form 990 to its governing body for their review before the information return is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization makes it governing documents and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01083223
IRS990/TotalAssetsEOYAmt0979972
IRS990/TotalAssetsGrp/BOYAmt01083223
IRS990/TotalAssetsGrp/EOYAmt0979972
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt067284
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0430158
IRS990/TotalFunctionalExpensesGrp/TotalAmt0497442
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01585863
IRS990/TotalLiabilitiesEOYAmt01547035
IRS990/TotalLiabilitiesGrp/BOYAmt01585863
IRS990/TotalLiabilitiesGrp/EOYAmt01547035
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-502640
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-567063
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0430158
IRS990/TotalProgramServiceRevenueAmt0427100
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0433019
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0433019
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01083223
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0979972
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0702 Alexander Street
IRS990/USAddress/CityNm0Indianola
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038751
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Lacy Harrell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06017148350
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Matthews Retirement Center
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0John and David
ReturnHeader/Filer/BusinessNameControlTxt0MATT
ReturnHeader/Filer/EIN0640693592
ReturnHeader/Filer/PhoneNum06017148350
ReturnHeader/Filer/USAddress/AddressLine1Txt0702 Alexander Street
ReturnHeader/Filer/USAddress/CityNm0Indianola
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038751
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262480865
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Gillon Christian Mosby PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1103
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Natchez
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039121
ReturnHeader/PreparerPersonGrp/PhoneNum06014466681
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Deanne Tanksley
ReturnHeader/ReturnTs02025-09-30T10:27:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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