Civic Intelligence

Carmel Estates Inc.

990 • Fiscal year 2017 • EIN 64-0892109

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 20, 2018

Organization ProfileNONE
85 Jacksonwood CourtHattisburg, MS 39401-8501

(404) 372-1508

Siviq Scores

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

Liabilities / Assets

97th percentile

1.72x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

8.63x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

31st percentile

-3.1%

Higher net margin than 31% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

36th percentile

-0.9%

Faster asset growth than 36% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

74th percentile

23%

Faster revenue growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$619,233

Down $5,668 (-0.9%) from 2016

Net Assets

Down

-$448,184

Down $24,350 (-5.7%) from 2016

Liabilities

Up

$1,067,417

Up $18,682 (+1.8%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin31st percentile

Revenue

Up

$123,640

Up $23,446 (+23%) from 2016

Expenses

Up

$127,478

Up $19,552 (+18%) from 2016

Net Income

Up

-$3,838

Up $3,894 (+50%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $766,634Liabilities 2010: $1,039,843Net Assets 2010: -$273,2092010Assets 2011: $745,579Liabilities 2011: $1,046,348Net Assets 2011: -$300,7692011Assets 2012: $1,058,959Liabilities 2012: $1,041,142Net Assets 2012: $17,8172012Assets 2014: $655,321Liabilities 2014: $1,060,400Net Assets 2014: -$405,0792014Assets 2015: $637,503Liabilities 2015: $1,063,103Net Assets 2015: -$425,6002015Assets 2016: $624,901Liabilities 2016: $1,048,735Net Assets 2016: -$423,8342016Assets 2017: $619,233Liabilities 2017: $1,067,417Net Assets 2017: -$448,1842017Assets 2018: $583,388Liabilities 2018: $25,245Net Assets 2018: $558,1432018Assets 2019: $560,727Liabilities 2019: $28,847Net Assets 2019: $531,8802019Assets 2020: $567,151Liabilities 2020: $24,757Net Assets 2020: $542,3942020Assets 2021: $566,356Liabilities 2021: $24,650Net Assets 2021: $541,7062021Assets 2022: $545,668Liabilities 2022: $16,912Net Assets 2022: $528,7562022Assets 2023: $506,377Liabilities 2023: $19,221Net Assets 2023: $487,1562023Assets 2024: $501,609Liabilities 2024: $26,056Net Assets 2024: $475,5532024

Highlighted filing

2017

Assets$619,233
Liabilities$1,067,417
Net Assets-$448,184
Open 2017 Filing

Operations Trend

Revenue Growth74th percentile

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

$200K$100K$0-$100KExpenses 2010: $104,1472010Expenses 2011: $103,7612011Expenses 2012: $101,3932012Revenue 2014: $89,652Expenses 2014: $124,234Net Income 2014: -$34,5822014Revenue 2015: $99,449Expenses 2015: $118,713Net Income 2015: -$19,2642015Revenue 2016: $100,194Expenses 2016: $107,926Net Income 2016: -$7,7322016Revenue 2017: $123,640Expenses 2017: $127,478Net Income 2017: -$3,8382017Revenue 2018: $117,262Expenses 2018: $142,291Net Income 2018: -$25,0292018Revenue 2019: $111,963Expenses 2019: $138,226Net Income 2019: -$26,2632019Revenue 2020: $131,267Expenses 2020: $123,309Net Income 2020: $7,9582020Revenue 2021: $133,061Expenses 2021: $141,079Net Income 2021: -$8,0182021Revenue 2022: $126,429Expenses 2022: $144,363Net Income 2022: -$17,9342022Revenue 2023: $122,360Expenses 2023: $163,960Net Income 2023: -$41,6002023Revenue 2024: $174,736Expenses 2024: $189,718Net Income 2024: -$14,9822024

Highlighted filing

2017

Revenue$123,640
Expenses$127,478
Net Income-$3,838
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 20, 2018
Return Version
2017v2.3
Gross Receipts
$123,640
Mission and Program Overview

Mission

Provide Low Income Housing to the Elderly

Providng Low Income Housing to the Elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$568,380$547,241▼ $21,139
Cash and Non-Interest-Bearing Accounts$5,057$9,606▲ $4,549
Prepaid Expenses and Deferred Charges$3,926$4,387▲ $461
Pledges and Grants Receivable$837$209▼ $628
Total Assets$624,901$619,233▼ $5,668
Other Assets Total$46,701$57,790▲ $11,089
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,028,300$1,028,300→ $0
Accounts Payable and Accrued Expenses$16,467$34,588▲ $18,121
Other Liabilities$3,968$4,529▲ $561
Total Liabilities$1,048,735$1,067,417▲ $18,682
Net Assets / Fund Balance
Unrestricted Net Assets$-423,834$-448,184▼ $24,350
Total Net Assets Fund Balance$-423,834$-448,184▼ $24,350
Total Liabilities and Net Assets / Fund Balance$624,901$619,233▼ $5,668

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$537,591$481,644$1,019,235
Land$9,650-$9,650
Other Assets Org$800--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Calvin BrumfiledPresident
Deborah McGeeDirector
Frederick BurnsDirector
Lequster SeawrightDirector
Marquan StoverDirector
Teresa McDayDirector
Beverly McGeeV-Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$122,414
Investment Income
$13
Other Revenue
$1,213
Change in Net Assets
$-3,838

Audited Revenue Reconciliation

Revenue per Audited Statements
$123,640
Total Revenue per Audited Statements
$123,640
Total Revenue per Form 990
$123,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$127,478
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$27,584--$27,584
Depreciation Depletion$27,131--$27,131
Total Functional Expenses$127,478$0$0$127,478

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$127,478
Total Expenses per Audited Statements$127,478
Total Expenses per Form 990$127,478
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
Federal income taxes$4,529
Tenant Security Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11A

“The IRS form 990 is given to the Management Agent. The form 8879-EO is signed and returned to me as an indication that the return was reveiwed and approved.”

Form 990, Part VI, Section C, Line 19

“The finanical are electronically submitted to HUD. All related parties who would like to receive a copy of the financial may request it. A copy will be provided upon request.”

Form 990, Part VI, Section B, Line 12A12B

“The board members are required to complete a conflict of interest form each year. If a conflict of interest occurs the board is notified immediately.”

Form 990, Part VI, Section B, Line 14

“The company has a written retension and destruction policy.”

Filing and Contact Details

Filer

Filer Name
Carmel Estates Inc
EIN
64-0892109
Phone
4043721508
Address
85 JACKSONWOOD COURT, HATTISBURG, MS 39401-8501
Doing Business As
Eagle Wings II

Signing Officer

Name
Taliafaro
Title
Management Agent
Signed
2018-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ola Hudson
Formed
1997
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
1

Preparer

Firm
Foster Ballard Foster
Address
P O Box 871089, Stone Mountain, GA 30087
Preparer
Peggy L Ballard CPA
Phone
4042546213
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99280
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.99490
IRS990ScheduleA/PublicSupportTotal170Amt0498240
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0122414
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt098721
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt098920
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt089292
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt088893
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0498240
IRS990ScheduleA/TotalSupportAmt0501836
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0537591
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0481644
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01019235
IRS990ScheduleD/ExpensesSubtotalAmt0127478
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt09650
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09650
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt048757
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt18233
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2800
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Escrow Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Replacement reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Tenant Security Deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Residual Receipts
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Utility Deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04529
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant Security Deposits
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0123640
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0547241
IRS990ScheduleD/TotalBookValueOtherAssetsAmt057790
IRS990ScheduleD/TotalExpensesPerForm990Amt0127478
IRS990ScheduleD/TotalLiabilityAmt04529
IRS990ScheduleD/TotalRevenuePerForm990Amt0123640
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0123640
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0127478
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The IRS form 990 is given to the Management Agent. The form 8879-EO is signed and returned to me as an indication that the return was reveiwed and approved.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The finanical are electronically submitted to HUD. All related parties who would like to receive a copy of the financial may request it. A copy will be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board members are required to complete a conflict of interest form each year. If a conflict of interest occurs the board is notified immediately.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The company has a written retension and destruction policy.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12A12B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 14
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0624901
IRS990/TotalAssetsEOYAmt0619233
IRS990/TotalAssetsGrp/BOYAmt0624901
IRS990/TotalAssetsGrp/EOYAmt0619233
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0127478
IRS990/TotalFunctionalExpensesGrp/TotalAmt0127478
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01048735
IRS990/TotalLiabilitiesEOYAmt01067417
IRS990/TotalLiabilitiesGrp/BOYAmt01048735
IRS990/TotalLiabilitiesGrp/EOYAmt01067417
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-423834
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-448184
IRS990/TotalProgramServiceExpensesAmt0127478
IRS990/TotalProgramServiceRevenueAmt0122414
IRS990/TotalRevenueGrp/ExclusionAmt013
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0122414
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0123640
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0624901
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0619233
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-423834
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-448184
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0920 Bradford Avenue
IRS990/USAddress/CityNm0Nashville
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037204
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Taliafaro
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Management Agent
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARMEL ESTATES INC
ReturnHeader/Filer/BusinessNameControlTxt0CARM
ReturnHeader/Filer/EIN0640892109
ReturnHeader/Filer/PhoneNum04043721508
ReturnHeader/Filer/USAddress/AddressLine1Txt085 JACKSONWOOD COURT
ReturnHeader/Filer/USAddress/CityNm0HATTISBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd0394018501
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07B45BCFA399D4B4C2D982D646CAE8924B360BCB7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0ED114D6F022840F9D08E59EE0B4AD87F7AFDD62B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt04.15.177.70
ReturnHeader/FilingSecurityInformation/IPDt02018-06-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm017:34:33
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foster Ballard Foster
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O Box 871089
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Stone Mountain
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030087
ReturnHeader/PreparerPersonGrp/PhoneNum04042546213

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$619,233
Liabilities
$1,067,417
Net assets
-$448,184
Revenue
$123,640
Expenses
$127,478
Net income
-$3,838
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.03$0.48$0.17$0.19$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.51$0.02$0.49$0.12$0.16$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.02$0.53$0.13$0.14$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.57$0.02$0.54$0.13$0.14$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.57$0.02$0.54$0.13$0.12$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.56$0.03$0.53$0.11$0.14$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.58$0.03$0.56$0.12$0.14$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.62$1.07$0.45$0.12$0.13$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.62$1.05$0.42$0.10$0.11$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.64$1.06$0.43$0.10$0.12$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.66$1.06$0.41$0.09$0.12$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$1.04$0.02$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$1.05$0.30$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$1.04$0.27$0.10