Civic Intelligence

H a Scott Riverside Apartments Inc.

990 • Fiscal year 2016 • EIN 64-0745583

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 12, 2017

Organization ProfileN/A
P O Box 1192Yazoo City, MS 39194

(601) 746-7984

Siviq Scores

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

Liabilities / Assets

98th percentile

3.16x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

2.69x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

34th percentile

-2.7%

Higher net margin than 34% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

43rd percentile

-3.7%

Faster revenue growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$210,035

Down $25,742 (-11%) from 2015

Net Assets

Down

-$453,444

Down $6,595 (-1.5%) from 2015

Liabilities

Down

$663,479

Down $19,147 (-2.8%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin34th percentile

Revenue

Down

$246,737

Down $9,464 (-3.7%) from 2015

Expenses

Up

$253,332

Up $4,091 (+1.6%) from 2015

Net Income

Down

-$6,595

Down $13,555 (-195%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$1.0M$500K$0-$500KAssets 2010: $347,486Liabilities 2010: $787,721Net Assets 2010: -$440,2352010Assets 2011: $315,814Liabilities 2011: $774,150Net Assets 2011: -$458,3362011Assets 2012: $295,304Liabilities 2012: $746,410Net Assets 2012: -$451,1062012Assets 2013: $278,212Liabilities 2013: $731,401Net Assets 2013: -$453,1892013Assets 2014: $256,926Liabilities 2014: $710,735Net Assets 2014: -$453,8092014Assets 2015: $235,777Liabilities 2015: $682,626Net Assets 2015: -$446,8492015Assets 2016: $210,035Liabilities 2016: $663,479Net Assets 2016: -$453,4442016Assets 2017: $203,257Liabilities 2017: $629,073Net Assets 2017: -$425,8162017Assets 2018: $211,960Liabilities 2018: $602,443Net Assets 2018: -$390,4832018Assets 2019: $207,884Liabilities 2019: $571,472Net Assets 2019: -$363,5882019Assets 2020: $194,346Liabilities 2020: $533,752Net Assets 2020: -$339,4062020Assets 2021: $204,975Liabilities 2021: $499,011Net Assets 2021: -$294,0362021Assets 2022: $186,922Liabilities 2022: $458,996Net Assets 2022: -$272,0742022Assets 2023: $211,440Liabilities 2023: $403,527Net Assets 2023: -$192,0872023Assets 2024: $297,436Liabilities 2024: $386,197Net Assets 2024: -$88,7612024

Highlighted filing

2016

Assets$210,035
Liabilities$663,479
Net Assets-$453,444
Open 2016 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2010: $210,4742010Expenses 2011: $213,8322011Expenses 2012: $209,1512012Revenue 2013: $245,607Expenses 2013: $247,690Net Income 2013: -$2,0832013Revenue 2014: $254,047Expenses 2014: $254,664Net Income 2014: -$6172014Revenue 2015: $256,201Expenses 2015: $249,241Net Income 2015: $6,9602015Revenue 2016: $246,737Expenses 2016: $253,332Net Income 2016: -$6,5952016Revenue 2017: $248,442Expenses 2017: $220,814Net Income 2017: $27,6282017Revenue 2018: $268,248Expenses 2018: $232,915Net Income 2018: $35,3332018Revenue 2019: $269,313Expenses 2019: $242,417Net Income 2019: $26,8962019Revenue 2020: $258,780Expenses 2020: $234,599Net Income 2020: $24,1812020Revenue 2021: $282,173Expenses 2021: $236,803Net Income 2021: $45,3702021Revenue 2022: $267,936Expenses 2022: $245,974Net Income 2022: $21,9622022Revenue 2023: $299,710Expenses 2023: $254,773Net Income 2023: $44,9372023Revenue 2024: $383,924Expenses 2024: $280,598Net Income 2024: $103,3262024

Highlighted filing

2016

Revenue$246,737
Expenses$253,332
Net Income-$6,595
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 12, 2017
Return Version
2016v3.0
Gross Receipts
$246,737
Mission and Program Overview

Mission

Provide low-income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$175,119$143,547▼ $31,572
Savings and Temporary Cash Investments$23,509$42,070▲ $18,561
Prepaid Expenses and Deferred Charges$9,916$9,916→ $0
Cash and Non-Interest-Bearing Accounts$21,136$8,274▼ $12,862
Accounts Receivable$27$156▲ $129
Total Assets$235,777$210,035▼ $25,742
Other Assets Total$6,070$6,072▲ $2
Liabilities
Unsecured Notes Loans Payable$666,065$640,364▼ $25,701
Accounts Payable and Accrued Expenses$9,726$16,258▲ $6,532
Other Liabilities$5,949$6,054▲ $105
Deferred Revenue$886$803▼ $83
Total Liabilities$682,626$663,479▼ $19,147
Net Assets / Fund Balance
Unrestricted Net Assets$-446,849$-453,444▼ $6,595
Total Net Assets Fund Balance$-446,849$-453,444▼ $6,595
Total Liabilities and Net Assets / Fund Balance$235,777$210,035▼ $25,742

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$76,565$814,968-
Land$55,990--
Equipment$10,992$31,749-
Other Assets Org$85--
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Catherine BrentPresident
Joffre WashingtonVice-President
Juanita LearMember
Marcia ArpMember
Michael WallaceMember
Edith MylesSecretary
Margaret J HarrisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$202,968
Program Service Revenue
$43,411
Investment Income
$17
Other Revenue
$341
Change in Net Assets
$-6,595

Audited Revenue Reconciliation

Revenue per Audited Statements
$246,737
Total Revenue per Audited Statements
$246,737
Total Revenue per Form 990
$246,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$198,529
Salaries, Compensation, and Employee Benefits$54,803
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$111,378$0$0$111,378
Other Salaries and Wages$31,300$13,437$0$44,737
Depreciation Depletion$31,574$0$0$31,574
Fees for Services Management$0$22,078$0$22,078
Fees for Services Other$9,093$0$0$9,093
Other Employee Benefits$5,911$2,607$0$8,518
Other Expenses$5,442$1,589$0$7,031
Fees for Services Accounting$0$6,850$0$6,850
Information Technology$0$4,250$0$4,250
Office Expenses$31$3,924$0$3,955
Payroll Taxes$970$578$0$1,548
Travel$0$1,332$0$1,332
Advertising$0$426$0$426
Conferences and Meetings$75$255$0$330
Fees for Services Legal$0$193$0$193
Insurance$39$0$0$39
Total Functional Expenses$195,813$57,519$0$253,332

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$253,332
Total Expenses per Audited Statements$253,332
Total Expenses per Form 990$253,332
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$5,784
Federal inc. tax$270
Other Accrued Expense-
Security Deposit payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
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
Filing and Contact Details

Filer

Filer Name
H A Scott Riverside Apts Inc
EIN
64-0745583
Phone
6017467984
Address
P O Box 1192, Yazoo City, MS 39194

Signing Officer

Name
Catherine J Brent
Title
President
Phone
6017467984
Signed
2017-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catherine J Brent
Formed
1987
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
0

Preparer

Firm
Banks Finley White & Co
Address
308 Highland Park Cove, Ridgeland, MS 39157
Preparer
Kaiser R Brown
Phone
6013535423
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

“Management duties were delegated to TESCO management company.”

Pt VI, Line 11B

“All Board members received a copy of the Federal Form 990 to review prior to filing the tax return.”

Form 990EZ, Part I, Line 8

“Laundry”

Form 990EZ, Part I, Line 8

“Damage & Late Fess”

Form 990EZ, Part I, Line 16

“Repair & Maintenance”

Form 990EZ, Part I, Line 16

“Advertising”

Form 990EZ, Part I, Line 16

“Management Fee”

Form 990EZ, Part I, Line 16

“Utilities”

Form 990EZ, Part I, Line 16

“Insurance”

Form 990EZ, Part I, Line 16

“Misc”

Form 990EZ, Part I, Line 16

“Elderly Care”

Form 990EZ, Part II, Line 24

“Prepaids”

Form 990EZ, Part II, Line 24

“Tenant Security Deposits”

Form 990EZ, Part II, Line 24

“Restricted Cash Reserves”

Form 990EZ, Part II, Line 24

“Utility Deposit”

Form 990EZ, Part II, Line 26

“Accounts Payable & Accrued Expenses”

Form 990EZ, Part II, Line 26

“Bonds, Mortgages & Other Notes”

Form 990EZ, Part II, Line 26

“Tenant security deposits”

Financial Statement Notes

Pt X, Line 2

“The organization is exempt from corporate federal income taxes under section 501(c)(3) of the internal revenue code and from state income taxes. Therefore, no provision has been made for federal or state corporate income taxes in the accompanying financial statements.the organization has analyzed its tax positions taken for filings with the internal revenue . It believes that its tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on its financial condition, results of operations, or cash flows. The organization's federal and state income tax returns for 2013, 2014, and 2015 are subject to examination by the federal, state and local taxing authorities, generally for three years after they are filed.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM CORPORATE FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM STATE INCOME TAXES. THEREFORE, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE CORPORATE INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS.THE ORGANIZATION HAS ANALYZED ITS TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE . IT BELIEVES THAT ITS TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON ITS FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS FOR 2013, 2014, AND 2015 ARE SUBJECT TO EXAMINATION BY THE FEDERAL, STATE AND LOCAL TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Management duties were delegated to TESCO management company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All Board members received a copy of the Federal Form 990 to review prior to filing the tax return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Laundry
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Damage & Late Fess
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Repair & Maintenance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Advertising
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Management Fee
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Utilities
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Insurance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Misc
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Elderly Care
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Prepaids
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Tenant Security Deposits
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Restricted Cash Reserves
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Utility Deposit
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Accounts Payable & Accrued Expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Bonds, Mortgages & Other Notes
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Tenant security deposits
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990EZ, Part II, Line 26
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$210,035
Liabilities
$663,479
Net assets
-$453,444
Revenue
$246,737
Expenses
$253,332
Net income
-$6,595
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.97$3.86$0.89$3.84$2.81$1.03
2023Detailed filing. Detailed filing data is available for this year.$2.11$4.04$1.92$3.00$2.55$0.45
2022Detailed filing. Detailed filing data is available for this year.$1.87$4.59$2.72$2.68$2.46$0.22
2021Detailed filing. Detailed filing data is available for this year.$2.05$4.99$2.94$2.82$2.37$0.45
2020Detailed filing. Detailed filing data is available for this year.$1.94$5.34$3.39$2.59$2.35$0.24
2019Detailed filing. Detailed filing data is available for this year.$2.08$5.71$3.64$2.69$2.42$0.27
2018Detailed filing. Detailed filing data is available for this year.$2.12$6.02$3.90$2.68$2.33$0.35
2017Detailed filing. Detailed filing data is available for this year.$2.03$6.29$4.26$2.48$2.21$0.28
2016Detailed filing. Detailed filing data is available for this year.$2.10$6.63$4.53$2.47$2.53$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.36$6.83$4.47$2.56$2.49$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.57$7.11$4.54$2.54$2.55$0.01
2013Detailed filing. Detailed filing data is available for this year.$2.78$7.31$4.53$2.46$2.48$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$7.46$4.51$2.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.16$7.74$4.58$2.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.47$7.88$4.40$2.10