Civic Intelligence

John and David Matthews Retirement Center Inc. II

990 • Fiscal year 2018 • EIN 64-0693592

Jun 01, 2017 to May 31, 2018 • Filed on Aug 31, 2018

PO Box 3570Jackson, MS 39207

(601) 714-8350

Siviq Scores

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

Liabilities / Assets

96th percentile

1.38x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

4.33x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

12th percentile

-12%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

61st percentile

8.8%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,287,851

Down $171,355 (-12%) from 2017

Net Assets

Down

-$483,180

Down $49,553 (-11%) from 2017

Liabilities

Down

$1,771,031

Down $121,802 (-6.4%) from 2017

Revenue

Up

$408,883

Up $33,181 (+8.8%) from 2017

Expenses

Up

$458,440

Up $85,011 (+23%) from 2017

Net Income

Down

-$49,557

Down $51,830 (-2280%) from 2017

Historical Trend

Balance Sheet Trend

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

$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

2018

Assets$1,287,851
Liabilities$1,771,031
Net Assets-$483,180

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$408,883
Expenses$458,440
Net Income-$49,557
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Aug 31, 2018
Return Version
2017v2.3
Gross Receipts
$408,883
Mission and Program Overview

Mission

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

Provide low-inome 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$891,312$854,857▼ $36,455
Cash and Non-Interest-Bearing Accounts$44,743$6,368▼ $38,375
Accounts Receivable$3,124$5,885▲ $2,761
Prepaid Expenses and Deferred Charges$16,944$2,262▼ $14,682
Total Assets$1,459,206$1,287,851▼ $171,355
Other Assets Total$503,083$418,479▼ $84,604
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,848,682$1,728,609▼ $120,073
Accounts Payable and Accrued Expenses$33,137$30,505▼ $2,632
Other Liabilities$11,014$11,917▲ $903
Total Liabilities$1,892,833$1,771,031▼ $121,802
Net Assets / Fund Balance
Unrestricted Net Assets$-433,627$-483,180▼ $49,553
Total Net Assets Fund Balance$-433,627$-483,180▼ $49,553
Total Liabilities and Net Assets / Fund Balance$1,459,206$1,287,851▼ $171,355

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$757,297$955,224$1,712,521
Equipment$35,337$263,028$298,365
Other Land Buildings$40$158,119$158,159
Land$62,183-$62,183
Other Assets Org$168,896--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lacy HarrellPresident
Vivian JohnsonVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$407,910
Investment Income
$973
Other Revenue
$0
Change in Net Assets
$-49,557

Audited Revenue Reconciliation

Revenue per Audited Statements
$408,883
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$408,883
Total Revenue per Form 990
$408,883
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$359,507
Salaries, Compensation, and Employee Benefits$98,933
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$72,687--$72,687
Other Salaries and Wages$71,680--$71,680
Depreciation Depletion$70,545--$70,545
Insurance$46,201--$46,201
Fees for Services Management$26,980--$26,980
Other Employee Benefits$20,082--$20,082
Office Expenses$13,778--$13,778
Fees for Services Accounting$8,800--$8,800
Payroll Taxes$7,171--$7,171
Other Expenses$5,258--$5,258
All Other Expenses$485--$485
Advertising$45--$45
Total Functional Expenses$458,440$0$0$458,440

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$458,440
Expenses per Audited Statements$458,438
Total Expenses per Audited Statements$458,438
Expenses Not Reported on Financial Statements$2
Other Expense Adjustments$2
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
Tenant Security Deposits$11,917
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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

The organization is a hud subsidized housing project and as such management duties are delegated to inventive property management.

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 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 form 990 to its governing body for their review before the return is filed

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request

Filing and Contact Details

Filer

Filer Name
John and David Matthews
EIN
64-0693592
Phone
6017148350
Address
PO BOX 3570, JACKSON, MS 39207

Signing Officer

Name
Lacy Harrell
Title
President
Phone
6017148350
Signed
2018-08-31
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
3
Volunteers
0

Preparer

Firm
Granthampoole Pllc
Address
1062 HIGHLAND COLONY PRKWY STE 201, RIDGELAND, MS 39157
Preparer
Alan Arrington CPA
Phone
6014992400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING 4.

Form 990, Part XI, Balance Sheet, Line 23 Secured Mortgages

Due to a change in a gaap accounting principle, asu 2015-03, the secured mortgage is shown net of unamortized debt issuance costs of $87,034 for the year ended may 31, 2018.

Financial Statement Notes

PART X, LINE 2:

The project has adopted the provisions of fasb asc topic 740-10, income taxes. Management believes it has no material uncertain tax positions or any related penalties and interest to accrue for the year ended may 31, 2018 and accordingly, there is no liability for unrecognized tax benefits. The project files irs form 990 annually with the federal government and is still open to examination by taxing authorities for fiscal year 2015 and later.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

ROUNDING

Raw XML Appendix379 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/OtherLiabilitiesOrgGrp/Amt011917
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0408883
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT HAS ADOPTED THE PROVISIONS OF FASB ASC TOPIC 740-10, INCOME TAXES. MANAGEMENT BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS OR ANY RELATED PENALTIES AND INTEREST TO ACCRUE FOR THE YEAR ENDED MAY 31, 2018 AND ACCORDINGLY, THERE IS NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE PROJECT FILES IRS FORM 990 ANNUALLY WITH THE FEDERAL GOVERNMENT AND IS STILL OPEN TO EXAMINATION BY TAXING AUTHORITIES FOR FISCAL YEAR 2015 AND LATER.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0854857
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0418479
IRS990ScheduleD/TotalExpensesPerForm990Amt0458440
IRS990ScheduleD/TotalLiabilityAmt011917
IRS990ScheduleD/TotalRevenuePerForm990Amt0408883
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0408883
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0458438
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A HUD SUBSIDIZED HOUSING PROJECT AND AS SUCH MANAGEMENT DUTIES ARE DELEGATED TO INVENTIVE PROPERTY MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A HUD SUBSIDIZED HOUSING PROJECT MANAGED BY AN INDEPENDENT MANAGEMENT COMPANY AND THE BOARD DOES NOT MEET EXCEPT IN EMERGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION PROVIDES FORM 990 TO ITS GOVERNING BODY FOR THEIR REVIEW BEFORE THE RETURN IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 4.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DUE TO A CHANGE IN A GAAP ACCOUNTING PRINCIPLE, ASU 2015-03, THE SECURED MORTGAGE IS SHOWN NET OF UNAMORTIZED DEBT ISSUANCE COSTS OF $87,034 FOR THE YEAR ENDED MAY 31, 2018.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, BALANCE SHEET, LINE 23 SECURED MORTGAGES
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01459206
IRS990/TotalAssetsEOYAmt01287851
IRS990/TotalAssetsGrp/BOYAmt01459206
IRS990/TotalAssetsGrp/EOYAmt01287851
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0458440
IRS990/TotalFunctionalExpensesGrp/TotalAmt0458440
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01892833
IRS990/TotalLiabilitiesEOYAmt01771031
IRS990/TotalLiabilitiesGrp/BOYAmt01892833
IRS990/TotalLiabilitiesGrp/EOYAmt01771031
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-433627
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-483180
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0458440
IRS990/TotalProgramServiceRevenueAmt0407910
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0408883
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0408883
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01459206
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01287851
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-433627
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-483180
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 3570
IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039207
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LACY HARRELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06017148350
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JOHN AND DAVID MATTHEWS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0RETIREMENT CENTER II
ReturnHeader/Filer/BusinessNameControlTxt0JOHN
ReturnHeader/Filer/EIN0640693592
ReturnHeader/Filer/PhoneNum06017148350
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3570
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039207
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06F2BB8194A32C8E655C479E62174A5E1EFA9F445
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CF6AABF2328AA5E73361BEEC7CD49A4FAE0EC40C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.8.237.131
ReturnHeader/FilingSecurityInformation/IPDt02018-08-31
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:59:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640903390
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRANTHAMPOOLE PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01062 HIGHLAND COLONY PRKWY STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RIDGELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039157
ReturnHeader/PreparerPersonGrp/PhoneNum06014992400
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN ARRINGTON CPA
ReturnHeader/ReturnTs02018-10-11T06:55:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-06-01
ReturnHeader/TaxPeriodEndDt02018-05-31
ReturnHeader/TaxYr02017

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.$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