Civic Intelligence

John and David Matthews Retirement Center Inc. II

990 • Fiscal year 2019 • EIN 64-0693592

Jun 01, 2018 to May 31, 2019 • Filed on Oct 02, 2019

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

1.35x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

4.17x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

60th percentile

7.4%

Higher net margin than 60% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

38th percentile

-0.3%

Faster asset growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

44th percentile

1.9%

Faster revenue growth than 44% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,284,481

Down $3,370 (-0.3%) from 2018

Net Assets

Up

-$452,230

Up $30,950 (+6.4%) from 2018

Liabilities

Down

$1,736,711

Down $34,320 (-1.9%) from 2018

Revenue

Up

$416,515

Up $7,632 (+1.9%) from 2018

Expenses

Down

$385,556

Down $72,884 (-16%) from 2018

Net Income

Up

$30,959

Up $80,516 (+162%) from 2018

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

2019

Assets$1,284,481
Liabilities$1,736,711
Net Assets-$452,230

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

2019

Revenue$416,515
Expenses$385,556
Net Income$30,959
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Oct 2, 2019
Return Version
2018v3.1
Gross Receipts
$416,515
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$854,857$815,762▼ $39,095
Cash and Non-Interest-Bearing Accounts$6,368$18,681▲ $12,313
Prepaid Expenses and Deferred Charges$2,262$7,877▲ $5,615
Accounts Receivable$5,885$1,014▼ $4,871
Total Assets$1,287,851$1,284,481▼ $3,370
Other Assets Total$418,479$441,147▲ $22,668
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,728,609$1,697,254▼ $31,355
Accounts Payable and Accrued Expenses$30,505$28,832▼ $1,673
Other Liabilities$11,917$10,625▼ $1,292
Total Liabilities$1,771,031$1,736,711▼ $34,320
Net Assets / Fund Balance
Unrestricted Net Assets$-483,180$-452,230▲ $30,950
Total Net Assets Fund Balance$-483,180$-452,230▲ $30,950
Total Liabilities and Net Assets / Fund Balance$1,287,851$1,284,481▼ $3,370

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$708,081$1,004,440$1,712,521
Equipment$35,923$274,175$310,098
Other Land Buildings$9,575$158,231$167,806
Land$62,183-$62,183
Other Assets Org$169,569--
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
$414,898
Investment Income
$1,617
Other Revenue
$0
Change in Net Assets
$30,959

Audited Revenue Reconciliation

Revenue per Audited Statements
$416,515
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$416,515
Total Revenue per Form 990
$416,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$299,414
Salaries, Compensation, and Employee Benefits$86,142
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$71,346--$71,346
Other Salaries and Wages$68,000--$68,000
Depreciation Depletion$63,494--$63,494
Fees for Services Management$28,406--$28,406
Insurance$17,858--$17,858
Office Expenses$13,796--$13,796
Other Employee Benefits$11,396--$11,396
Fees for Services Accounting$9,100--$9,100
Payroll Taxes$6,746--$6,746
Other Expenses$4,389--$4,389
All Other Expenses$1,095--$1,095
Advertising$526--$526
Total Functional Expenses$385,556$0$0$385,556

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$385,556
Total Expenses per Audited Statements$385,556
Total Expenses per Form 990$385,556
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
Tenant Security Deposits$10,625
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
2019-10-02
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 PKY STE 201, RIDGELAND, MS 39157
Preparer
Alan Arrington CPA
Phone
6014992400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -9.

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, 2019 and accordingly, there is no liability for unrecognized tax benefits. The project files irs form 990 annually with the feeral government and is still open to examination by taxing authorities for fiscal year 2016 and later.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

ROUNDING

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/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0416515
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, 2019 AND ACCORDINGLY, THERE IS NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE PROJECT FILES IRS FORM 990 ANNUALLY WITH THE FEERAL GOVERNMENT AND IS STILL OPEN TO EXAMINATION BY TAXING AUTHORITIES FOR FISCAL YEAR 2016 AND LATER.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0815762
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0441147
IRS990ScheduleD/TotalExpensesPerForm990Amt0385556
IRS990ScheduleD/TotalLiabilityAmt010625
IRS990ScheduleD/TotalRevenuePerForm990Amt0416515
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0416515
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0385556
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 -9.
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:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01287851
IRS990/TotalAssetsEOYAmt01284481
IRS990/TotalAssetsGrp/BOYAmt01287851
IRS990/TotalAssetsGrp/EOYAmt01284481
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0385556
IRS990/TotalFunctionalExpensesGrp/TotalAmt0385556
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01771031
IRS990/TotalLiabilitiesEOYAmt01736711
IRS990/TotalLiabilitiesGrp/BOYAmt01771031
IRS990/TotalLiabilitiesGrp/EOYAmt01736711
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-483180
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-452230
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0385556
IRS990/TotalProgramServiceRevenueAmt0414898
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0416515
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0416515
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01287851
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01284481
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-483180
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-452230
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/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LACY HARRELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06017148350
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-02
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/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09B36EC35A9BD30C555F3D000D41946EF8192AB03
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.8.237.131
ReturnHeader/FilingSecurityInformation/IPDt02019-10-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:46:35
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640903390
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRANTHAMPOOLE PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01062 HIGHLAND COLONY PKY STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RIDGELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039157
ReturnHeader/PreparerPersonGrp/PhoneNum06014992400
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN ARRINGTON CPA
ReturnHeader/ReturnTs02019-10-15T12:47:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-06-01
ReturnHeader/TaxPeriodEndDt02019-05-31
ReturnHeader/TaxYr02018

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