Civic Intelligence

Spring Meadows Inc

990 • Fiscal year 2017 • EIN 71-0533427

Oct 01, 2016 to Sep 30, 2017 • Filed on Dec 15, 2017

Organization ProfileN/A
1800 Carley RoadSpringdale, AR 72764

(479) 756-8570

Siviq Scores

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

Liabilities / Assets

98th percentile

1.73x

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

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

2.84x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Net Margin

27th percentile

-2.4%

Higher net margin than 27% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

9th percentile

-11%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

47th percentile

1.8%

Faster revenue growth than 47% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$1,264,205

Down $154,677 (-11%) from 2016

Net Assets

Down

-$926,436

Down $18,358 (-2.0%) from 2016

Liabilities

Down

$2,190,641

Down $136,319 (-5.9%) from 2016

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin27th percentile

Revenue

Up

$770,639

Up $13,707 (+1.8%) from 2016

Expenses

Down

$788,997

Down $59,884 (-7.1%) from 2016

Net Income

Up

-$18,358

Up $73,591 (+80%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth9th 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: $1,749,758Liabilities 2011: $2,395,443Net Assets 2011: -$645,6852011Assets 2012: $1,701,938Liabilities 2012: $2,371,739Net Assets 2012: -$669,8012012Assets 2013: $1,611,937Liabilities 2013: $2,347,713Net Assets 2013: -$735,7762013Assets 2014: $1,558,756Liabilities 2014: $2,339,867Net Assets 2014: -$781,1112014Assets 2015: $1,463,993Liabilities 2015: $2,280,122Net Assets 2015: -$816,1292015Assets 2016: $1,418,882Liabilities 2016: $2,326,960Net Assets 2016: -$908,0782016Assets 2017: $1,264,205Liabilities 2017: $2,190,641Net Assets 2017: -$926,4362017Assets 2018: $1,203,307Liabilities 2018: $2,149,270Net Assets 2018: -$945,9632018Assets 2019: $1,150,007Liabilities 2019: $2,099,806Net Assets 2019: -$949,7992019Assets 2020: $1,076,405Liabilities 2020: $2,050,562Net Assets 2020: -$974,1572020Assets 2021: $1,013,070Liabilities 2021: $1,992,073Net Assets 2021: -$979,0032021Assets 2022: $955,101Liabilities 2022: $1,923,533Net Assets 2022: -$968,4322022Assets 2023: $958,671Liabilities 2023: $1,856,907Net Assets 2023: -$898,2362023Assets 2024: $983,077Liabilities 2024: $1,796,621Net Assets 2024: -$813,5442024Assets 2025: $1,005,066Liabilities 2025: $1,719,748Net Assets 2025: -$714,6822025

Highlighted filing

2017

Assets$1,264,205
Liabilities$2,190,641
Net Assets-$926,436
Open 2017 Filing

Operations Trend

Revenue Growth47th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $725,7842011Expenses 2012: $737,5962012Expenses 2013: $786,1562013Revenue 2014: $731,791Expenses 2014: $777,126Net Income 2014: -$45,3352014Revenue 2015: $745,879Expenses 2015: $780,897Net Income 2015: -$35,0182015Revenue 2016: $756,932Expenses 2016: $848,881Net Income 2016: -$91,9492016Revenue 2017: $770,639Expenses 2017: $788,997Net Income 2017: -$18,3582017Revenue 2018: $783,263Expenses 2018: $802,790Net Income 2018: -$19,5272018Revenue 2019: $800,108Expenses 2019: $803,944Net Income 2019: -$3,8362019Revenue 2020: $820,477Expenses 2020: $844,835Net Income 2020: -$24,3582020Revenue 2021: $833,853Expenses 2021: $838,699Net Income 2021: -$4,8462021Revenue 2022: $843,852Expenses 2022: $833,281Net Income 2022: $10,5712022Revenue 2023: $880,994Expenses 2023: $849,924Net Income 2023: $31,0702023Revenue 2024: $882,099Expenses 2024: $797,409Net Income 2024: $84,6902024Revenue 2025: $917,553Expenses 2025: $818,691Net Income 2025: $98,8622025

Highlighted filing

2017

Revenue$770,639
Expenses$788,997
Net Income-$18,358
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Dec 15, 2017
Return Version
2016v3.0
Gross Receipts
$770,639
Mission and Program Overview

Mission

Provide affordable housing for senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$916,208$820,974▼ $95,234
Savings and Temporary Cash Investments$348,101$381,000▲ $32,899
Cash and Non-Interest-Bearing Accounts$149,252$56,910▼ $92,342
Prepaid Expenses and Deferred Charges$5,321$5,321→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,418,882$1,264,205▼ $154,677
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,162,456$2,118,768▼ $43,688
Accounts Payable and Accrued Expenses$164,504$71,873▼ $92,631
Total Liabilities$2,326,960$2,190,641▼ $136,319
Net Assets / Fund Balance
Unrestricted Net Assets$-908,078$-926,436▼ $18,358
Total Net Assets Fund Balance$-908,078$-926,436▼ $18,358
Total Liabilities and Net Assets / Fund Balance$1,418,882$1,264,205▼ $154,677

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$624,580$2,270,853$2,895,433
Equipment$123,134$288,456$411,590
Land$73,260-$73,260
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Rodney WeeksPresident
Jerry AllredVice President
Alan FortenberryDirector
Glen PlumleeDirector
James LarsonDirector
Paula WilsonDirector
Myrna SchewartzSec/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$770,639
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-18,358

Audited Revenue Reconciliation

Revenue per Audited Statements
$770,639
Total Revenue per Audited Statements
$770,639
Total Revenue per Form 990
$770,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$568,162
Salaries, Compensation, and Employee Benefits$220,835
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$208,349--$208,349
Other Salaries and Wages$185,434--$185,434
Depreciation Depletion$119,629--$119,629
Interest$101,586--$101,586
Fees for Services Management$55,647--$55,647
Insurance$42,132--$42,132
Office Expenses$23,189--$23,189
Other Employee Benefits$19,047--$19,047
Fees for Services Accounting$16,505--$16,505
Payroll Taxes$16,354--$16,354
Conferences and Meetings$1,125--$1,125
Total Functional Expenses$788,997$0$0$788,997

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$788,997
Total Expenses per Audited Statements$788,997
Total Expenses per Form 990$788,997
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Line 11B: Form 990 Review Process

“Management provides the 990 to the board for approval.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board members review for conflict of interest annually.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Board reviews office Manager's salary annually.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Upon request”

Filing and Contact Details

Filer

Filer Name
Spring Meadows Inc
EIN
71-0533427
Phone
4797568570
Address
1800 Carley Road, Springdale, AR 72764

Signing Officer

Name
Jack Farmer
Title
Manager
Signed
2017-12-15
Discuss with paid preparer
Yes

Organization Details

Formed
1980
Legal Domicile
Ar
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
4

Preparer

Firm
Saunders & Associates PLLC
Address
630 East 17th Street, Ada, OK 74820
Preparer
Lynn Saunders CPA
Phone
5803328548
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Income Tax Status - The Organization qualifies as an organization exempt from income taxes under Section 501 (c) (3) of the Internal Revenue Code and is subject to a tax on income from any unrelated business, as defined by Section 509 (a) (1) of the Code. The Organization currently has no unrelated business income. Accordingly, no provision for income taxes has been reported.The organization has adopted the recognition requirements for uncertain income tax position as required by generally accepted accounting principles. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return only when it is determined that the income tax positions taken or expected to be taken in a tax return only when it is determined that the income tax position will more-likely-than-not be sustained upon examinations by taxing authorities. The Organization has analyzed tax positions taken for filing with the Internal Revenue Service and all state jurisdictions where it operates. The Organization believes that income tax filing positions will be sustained upon examination an does not anticipate any adjustments that would result in a material adverse effect on the Organization's financial condition, results of operations, or cash flows. Accordingly, the Organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at September 30, 2017.Federal and state income tax statues dictate that tax returns filed in any of the previous three reporting periods remain open to examination. Currently, the Organization has no open examinations with the Internal Revenue Service or the Oklahoma Tax Commission.”

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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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IRS990/PYTotalRevenueAmt0756932
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-18358
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0770639
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0348101
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0381000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0624580
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02270853
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02895433
IRS990ScheduleD/EquipmentGrp/BookValueAmt0123134
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0288456
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0411590
IRS990ScheduleD/ExpensesSubtotalAmt0788997
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt073260
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt073260
IRS990ScheduleD/RevenueSubtotalAmt0770639
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income Tax Status - The Organization qualifies as an organization exempt from income taxes under Section 501 (c) (3) of the Internal Revenue Code and is subject to a tax on income from any unrelated business, as defined by Section 509 (a) (1) of the Code. The Organization currently has no unrelated business income. Accordingly, no provision for income taxes has been reported.The organization has adopted the recognition requirements for uncertain income tax position as required by generally accepted accounting principles. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return only when it is determined that the income tax positions taken or expected to be taken in a tax return only when it is determined that the income tax position will more-likely-than-not be sustained upon examinations by taxing authorities. The Organization has analyzed tax positions taken for filing with the Internal Revenue Service and all state jurisdictions where it operates. The Organization believes that income tax filing positions will be sustained upon examination an does not anticipate any adjustments that would result in a material adverse effect on the Organization's financial condition, results of operations, or cash flows. Accordingly, the Organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at September 30, 2017.Federal and state income tax statues dictate that tax returns filed in any of the previous three reporting periods remain open to examination. Currently, the Organization has no open examinations with the Internal Revenue Service or the Oklahoma Tax Commission.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0820974
IRS990ScheduleD/TotalExpensesPerForm990Amt0788997
IRS990ScheduleD/TotalRevenuePerForm990Amt0770639
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0770639
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0788997
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Management provides the 990 to the board for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members review for conflict of interest annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board reviews office Manager's salary annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01418882
IRS990/TotalAssetsEOYAmt01264205
IRS990/TotalAssetsGrp/BOYAmt01418882
IRS990/TotalAssetsGrp/EOYAmt01264205
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0788997
IRS990/TotalFunctionalExpensesGrp/TotalAmt0788997
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02326960
IRS990/TotalLiabilitiesEOYAmt02190641
IRS990/TotalLiabilitiesGrp/BOYAmt02326960
IRS990/TotalLiabilitiesGrp/EOYAmt02190641
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-908078
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-926436
IRS990/TotalProgramServiceExpensesAmt0788997
IRS990/TotalProgramServiceRevenueAmt0770639
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0770639
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0770639
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01418882
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01264205
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-908078
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-926436
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jack Farmer
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Spring Meadows Inc
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0710533427
ReturnHeader/Filer/PhoneNum04797568570
ReturnHeader/Filer/USAddress/AddressLine1Txt01800 Carley Road
ReturnHeader/Filer/USAddress/CityNm0Springdale
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072764
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Saunders & Associates PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0630 East 17th Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Ada
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd074820
ReturnHeader/PreparerPersonGrp/PhoneNum05803328548
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lynn Saunders CPA
ReturnHeader/ReturnTs02017-12-15T13:44:08-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-09-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,264,205
Liabilities
$2,190,641
Net assets
-$926,436
Revenue
$770,639
Expenses
$788,997
Net income
-$18,358
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.01$1.72$0.71$0.92$0.82$0.10
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$1.80$0.81$0.88$0.80$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$1.86$0.90$0.88$0.85$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$1.92$0.97$0.84$0.83$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$1.99$0.98$0.83$0.84$0.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$2.05$0.97$0.82$0.84$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$2.10$0.95$0.80$0.80$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$2.15$0.95$0.78$0.80$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.26$2.19$0.93$0.77$0.79$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$2.33$0.91$0.76$0.85$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.46$2.28$0.82$0.75$0.78$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.56$2.34$0.78$0.73$0.78$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$2.35$0.74$0.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$2.37$0.67$0.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$2.40$0.65$0.73