Civic Intelligence

John and David Matthews Retirement Center Inc. II

990 • Fiscal year 2021 • EIN 64-0693592

Jun 01, 2020 to May 31, 2021 • Filed on Feb 16, 2022

Organization ProfileN/A
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

97th percentile

1.38x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

3.99x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

16th percentile

-8.7%

Higher net margin than 16% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

18th percentile

-3.0%

Faster asset growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2021

Revenue Growth

32nd percentile

0.2%

Faster revenue growth than 32% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2021

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$1,207,793

Down $76,688 (-6.0%) from 2019

Net Assets

Down

-$459,688

Down $7,458 (-1.6%) from 2019

Liabilities

Down

$1,667,481

Down $69,230 (-4.0%) from 2019

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin16th percentile

Revenue

Up

$418,228

Up $1,713 (+0.4%) from 2019

Expenses

Up

$454,646

Up $69,090 (+18%) from 2019

Net Income

Down

-$36,418

Down $67,377 (-218%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

2021

Assets$1,207,793
Liabilities$1,667,481
Net Assets-$459,688
Open 2021 Filing

Operations Trend

Revenue Growth32nd percentile

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

2021

Revenue$418,228
Expenses$454,646
Net Income-$36,418
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Feb 16, 2022
Return Version
2020v4.2
Gross Receipts
$418,228
Mission and Program Overview

Mission

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$839,352$784,568▼ $54,784
Prepaid Expenses and Deferred Charges$15,335$17,102▲ $1,767
Cash and Non-Interest-Bearing Accounts$32,893$15,656▼ $17,237
Accounts Receivable$225$556▲ $331
Total Assets$1,277,884$1,207,793▼ $70,091
Other Assets Total$390,079$389,911▼ $168
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,664,509$1,630,318▼ $34,191
Accounts Payable and Accrued Expenses$26,502$27,524▲ $1,022
Other Liabilities$10,145$9,639▼ $506
Total Liabilities$1,701,156$1,667,481▼ $33,675
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-423,272$-459,688▼ $36,416
Total Net Assets Fund Balance$-423,272$-459,688▼ $36,416
Total Liabilities and Net Assets / Fund Balance$1,277,884$1,207,793▼ $70,091

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$680,767$1,050,938$1,731,705
Equipment$32,042$282,582$314,624
Other Land Buildings$9,576$158,231$167,807
Land$62,183-$62,183
Other Assets Org$170,623--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Lacy HarrellPresident
Vivian JohnsonVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$417,792
Investment Income
$436
Other Revenue
$0
Change in Net Assets
$-36,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$418,228
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$418,228
Total Revenue per Form 990
$418,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$345,333
Salaries, Compensation, and Employee Benefits$109,313
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$76,800-$76,800
Interest$71,412--$71,412
Depreciation Depletion$62,238$1,562-$63,800
Fees for Services Other$38,750--$38,750
Insurance$34,715$1,122-$35,837
Fees for Services Management-$27,846-$27,846
Other Employee Benefits-$26,481-$26,481
Occupancy$21,002$875-$21,877
Other Expenses$12,148$13,020-$12,148
Fees for Services Accounting-$9,600-$9,600
Payroll Taxes-$6,032-$6,032
Office Expenses-$5,678-$5,678
All Other Expenses$1,916--$1,916
Advertising-$83-$83
Fees for Services Legal-$10-$10
Total Functional Expenses$284,803$169,843$0$454,646

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$454,646
Total Expenses per Audited Statements$454,646
Total Expenses per Form 990$454,646
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$9,639
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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 with inventive property management (the "agent"). The agent has agreed, in an open-ended contract, to rent, operate, and maintain the project on behalf of the projeft for a fee of 6.9 percent 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 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
2022-02-16
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
2
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 XI, LINE 9:

“ROUNDING 2.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. There were no uncertain tax positions identified related to the current year and the organization has no unrecognized tax benefits at may 31, 2021 and 2020 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 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt026502
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt027524
IRS990/AccountsReceivableGrp/BOYAmt0225
IRS990/AccountsReceivableGrp/EOYAmt0556
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE LOW-INCOME HOUSING TO THE ELDERLY AND/OR HANDICAPPED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT
IRS990/AdvertisingGrp/ManagementAndGeneralAmt083
IRS990/AdvertisingGrp/TotalAmt083
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01916
IRS990/AllOtherExpensesGrp/TotalAmt01916
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0INVENTIVE PROPERTY MANAGEMENT - D GREEN
IRS990/BooksInCareOfDetail/PhoneNum06017148350
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0381 EDGEWOOD TERRACE
IRS990/BooksInCareOfDetail/USAddress/CityNm0JACKSON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MS
IRS990/BooksInCareOfDetail/USAddress/ZIPCd039207
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt032893
IRS990/CashNonInterestBearingGrp/EOYAmt015656
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0436
IRS990/CYOtherExpensesAmt0345333
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0417792
IRS990/CYRevenuesLessExpensesAmt0-36418
IRS990/CYSalariesCompEmpBnftPaidAmt0109313
IRS990/CYTotalExpensesAmt0454646
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0418228
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01562
IRS990/DepreciationDepletionGrp/ProgramServicesAmt062238
IRS990/DepreciationDepletionGrp/TotalAmt063800
IRS990/Desc0PROVIDE 50 HUD SUBSIDIZED HOUSING UNITES TO QUALIFIED LOW-INCOME TENANTS
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0284803
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09600
IRS990/FeesForServicesAccountingGrp/TotalAmt09600
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt010
IRS990/FeesForServicesLegalGrp/TotalAmt010
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt027846
IRS990/FeesForServicesManagementGrp/TotalAmt027846
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt038750
IRS990/FeesForServicesOtherGrp/TotalAmt038750
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0LACY HARRELL
IRS990/Form990PartVIISectionAGrp/PersonNm1VIVIAN JOHNSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0418228
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01122
IRS990/InsuranceGrp/ProgramServicesAmt034715
IRS990/InsuranceGrp/TotalAmt035837
IRS990/InterestGrp/ProgramServicesAmt071412
IRS990/InterestGrp/TotalAmt071412
IRS990/InvestmentIncomeGrp/ExclusionAmt0436
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0436
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01491751
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0839352
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0784568
IRS990/LandBldgEquipCostOrOtherBssAmt02276319
IRS990/LegalDomicileStateCd0MS
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd00
IRS990/MissionDesc0PROVIDE LOW-INCOME HOUSING TO THE ELDERLY AND/OR HANDICAPPED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01664509
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01630318
IRS990/NetAssetsOrFundBalancesBOYAmt0-423272
IRS990/NetAssetsOrFundBalancesEOYAmt0-459688
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-423272
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-459688
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0875
IRS990/OccupancyGrp/ProgramServicesAmt021002
IRS990/OccupancyGrp/TotalAmt021877
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05678
IRS990/OfficeExpensesGrp/TotalAmt05678
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0390079
IRS990/OtherAssetsTotalGrp/EOYAmt0389911
IRS990/OtherChangesInNetAssetsAmt02
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt026481
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026481
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc2MISC ADMIN EXP
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0734
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113020
IRS990/OtherExpensesGrp/ProgramServicesAmt024999
IRS990/OtherExpensesGrp/ProgramServicesAmt117623
IRS990/OtherExpensesGrp/ProgramServicesAmt212148
IRS990/OtherExpensesGrp/TotalAmt024999
IRS990/OtherExpensesGrp/TotalAmt118357
IRS990/OtherExpensesGrp/TotalAmt213020
IRS990/OtherExpensesGrp/TotalAmt312148
IRS990/OtherLiabilitiesGrp/BOYAmt010145
IRS990/OtherLiabilitiesGrp/EOYAmt09639
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt076800
IRS990/OtherSalariesAndWagesGrp/TotalAmt076800
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06032
IRS990/PayrollTaxesGrp/TotalAmt06032
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015335
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017102
IRS990/PrincipalOfficerNm0LACY HARRELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENT AND SUBSID
IRS990/ProgramServiceRevenueGrp/Desc1OTHER TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0415198
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12594
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0415198
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12594
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01573
IRS990/PYOtherExpensesAmt0307784
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0422999
IRS990/PYRevenuesLessExpensesAmt028958
IRS990/PYSalariesCompEmpBnftPaidAmt087830
IRS990/PYTotalExpensesAmt0395614
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0424572
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-36418
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0417792
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0293039
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0292206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0287538
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0272112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01144895
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01573
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01617
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0973
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0559
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04722
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99590
IRS990ScheduleA/PublicSupportPY170Pct00.99690
IRS990ScheduleA/PublicSupportTotal170Amt01144895
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0293039
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0292206
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0287538
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0272112
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01144895
IRS990ScheduleA/TotalSupportAmt01149617
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0680767
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01050938
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01731705
IRS990ScheduleD/EquipmentGrp/BookValueAmt032042
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0282582
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0314624
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0454646
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt062183
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt062183
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0535
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt19579
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2195694
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt313480
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4170623
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UTILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TAX AND INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09576
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0158231
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0167807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09639
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0418228
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED RELATED TO THE CURRENT YEAR AND THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS AT MAY 31, 2021 AND 2020 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/TotalBookValueLandBuildingsAmt0784568
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0389911
IRS990ScheduleD/TotalExpensesPerForm990Amt0454646
IRS990ScheduleD/TotalLiabilityAmt09639
IRS990ScheduleD/TotalRevenuePerForm990Amt0418228
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0418228
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0454646
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WITH APPROVAL FROM HUD, THE ORGANIZATION ENTERED INTO A PROPERTY MANAGEMENT CONTRACT WITH INVENTIVE PROPERTY MANAGEMENT (THE "AGENT"). THE AGENT HAS AGREED, IN AN OPEN-ENDED CONTRACT, TO RENT, OPERATE, AND MAINTAIN THE PROJECT ON BEHALF OF THE PROJEFT FOR A FEE OF 6.9 PERCENT 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 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 2.
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/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01277884
IRS990/TotalAssetsEOYAmt01207793
IRS990/TotalAssetsGrp/BOYAmt01277884
IRS990/TotalAssetsGrp/EOYAmt01207793
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0169843
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0284803
IRS990/TotalFunctionalExpensesGrp/TotalAmt0454646
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01701156
IRS990/TotalLiabilitiesEOYAmt01667481
IRS990/TotalLiabilitiesGrp/BOYAmt01701156
IRS990/TotalLiabilitiesGrp/EOYAmt01667481
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-423272
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-459688
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0284803
IRS990/TotalProgramServiceRevenueAmt0417792
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0436
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0417792
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0418228
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01277884
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01207793
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-05-20 13:21:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LACY HARRELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06017148350
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-16
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/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/PreparationDt02022-02-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOEY FLETCHER CPA
ReturnHeader/ReturnTs02022-02-21T11:15:17-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LACY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HARRELL
ReturnHeader/TaxPeriodBeginDt02020-06-01
ReturnHeader/TaxPeriodEndDt02021-05-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,207,793
Liabilities
$1,667,481
Net assets
-$459,688
Revenue
$418,228
Expenses
$454,646
Net income
-$36,418
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