Civic Intelligence

Carmel Estates Inc.

990 • Fiscal year 2022 • EIN 64-0892109

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 02, 2025

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

55th percentile

0.03x

Higher debt load relative to assets than 55% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

71st percentile

0.13x

Higher debt load relative to revenue than 71% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

34th percentile

-3.7%

Faster asset growth than 34% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

32nd percentile

-5.0%

Faster revenue growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$545,668

Down $20,688 (-3.7%) from 2021

Net Assets

Down

$528,756

Down $12,950 (-2.4%) from 2021

Liabilities

Down

$16,912

Down $7,738 (-31%) from 2021

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin19th percentile

Revenue

Down

$126,429

Down $6,632 (-5.0%) from 2021

Expenses

Up

$144,363

Up $3,284 (+2.3%) from 2021

Net Income

Down

-$17,934

Down $9,916 (-124%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2022

Assets$545,668
Liabilities$16,912
Net Assets$528,756
Open 2022 Filing

Operations Trend

Revenue Growth32nd 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

2022

Revenue$126,429
Expenses$144,363
Net Income-$17,934
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 2, 2025
Return Version
2022v5.0
Gross Receipts
$126,429
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$440,075$416,736▼ $23,339
Cash and Non-Interest-Bearing Accounts$30,004$27,185▼ $2,819
Prepaid Expenses and Deferred Charges$3,609$3,742▲ $133
Accounts Receivable$3,233$1,371▼ $1,862
Total Assets$566,356$545,668▼ $20,688
Other Assets Total$89,435$96,634▲ $7,199
Liabilities
Accounts Payable and Accrued Expenses$19,348$12,858▼ $6,490
Other Liabilities$5,302$4,054▼ $1,248
Total Liabilities$24,650$16,912▼ $7,738
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$541,706$528,756▼ $12,950
Total Net Assets Fund Balance$541,706$528,756▼ $12,950
Total Liabilities and Net Assets / Fund Balance$566,356$545,668▼ $20,688

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$404,064$520,521$924,585
Equipment$3,022$45,188$48,210
Leasehold Improvements-$11,726$11,726
Land$9,650-$9,650
Other Assets Org$800--
Compensation and Service Providers
Top Officer Pay53rd 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
$125,255
Investment Income
$41
Other Revenue
$1,133
Change in Net Assets
$-17,934

Audited Revenue Reconciliation

Revenue per Audited Statements
$126,429
Total Revenue per Audited Statements
$126,429
Total Revenue per Form 990
$126,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$144,363
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$26,975--$26,975
Depreciation Depletion$26,864--$26,864
Total Functional Expenses$144,363$0$0$144,363

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$144,363
Total Expenses per Audited Statements$144,363
Total Expenses per Form 990$144,363
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$4,054
Tenant Security Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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 VII, 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
Calvin Brumfield
Title
Chairman
Phone
4043721508
Signed
2025-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Calvin Brumfield
Formed
1997
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
2

Preparer

Firm
Foster Ballard Foster LLC
Address
1455 Lincoln Parkway Suite 425, Atlanta, GA 30346
Preparer
Terry L Foster
Phone
4042546213
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03279
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt049
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0251
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09043
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98530
IRS990ScheduleA/PublicSupportPY170Pct00.98520
IRS990ScheduleA/PublicSupportTotal170Amt0613255
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0125255
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0128718
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0131267
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0111017
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0116998
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0613255
IRS990ScheduleA/TotalSupportAmt0622381
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0404064
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0520521
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0924585
IRS990ScheduleD/EquipmentGrp/BookValueAmt03022
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045188
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt048210
IRS990ScheduleD/ExpensesSubtotalAmt0144363
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt09650
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09650
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011726
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011726
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016616
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt172993
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26225
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3800
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Escrow Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Replacement reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Tenant Security Deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Residual Receipts
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Utility Deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04054
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/RevenueSubtotalAmt0126429
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0416736
IRS990ScheduleD/TotalBookValueOtherAssetsAmt096634
IRS990ScheduleD/TotalExpensesPerForm990Amt0144363
IRS990ScheduleD/TotalLiabilityAmt04054
IRS990ScheduleD/TotalRevenuePerForm990Amt0126429
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0126429
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0144363
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
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 VII, Section B, Line 14
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0566356
IRS990/TotalAssetsEOYAmt0545668
IRS990/TotalAssetsGrp/BOYAmt0566356
IRS990/TotalAssetsGrp/EOYAmt0545668
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0144363
IRS990/TotalFunctionalExpensesGrp/TotalAmt0144363
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024650
IRS990/TotalLiabilitiesEOYAmt016912
IRS990/TotalLiabilitiesGrp/BOYAmt024650
IRS990/TotalLiabilitiesGrp/EOYAmt016912
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0541706
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0528756
IRS990/TotalProgramServiceExpensesAmt0144363
IRS990/TotalProgramServiceRevenueAmt0125255
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0126429
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0126429
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0566356
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0545668
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0920 Bradford Avenue
IRS990/USAddress/CityNm0Nashville
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037204
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Calvin Brumfield
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum04043721508
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-02
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/PreparerFirmGrp/PreparerFirmEIN0200104471
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foster Ballard Foster LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01455 Lincoln Parkway Suite 425
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Atlanta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030346

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Filings

Displayed year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$545,668
Liabilities
$16,912
Net assets
$528,756
Revenue
$126,429
Expenses
$144,363
Net income
-$17,934
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