Civic Intelligence

The Glen Retirement System

990 • Fiscal year 2018 • EIN 72-0428013

May 01, 2017 to Apr 30, 2018 • Filed on Mar 15, 2019

403 E Flournoy Lucas RdShreveport, LA 71115

(318) 798-3500

Siviq Scores

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

Liabilities / Assets

66th percentile

0.43x

Higher debt load relative to assets than 66% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

76th percentile

0.90x

Higher debt load relative to revenue than 76% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

36th percentile

0.6%

Higher net margin than 36% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

19th percentile

$142,658

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

38th percentile

-0.0%

Faster asset growth than 38% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

4.1%

Faster revenue growth than 47% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Down

$30,557,137

Down $14,352 (-0.0%) from 2017

Net Assets

Up

$17,400,390

Up $836,413 (+5.0%) from 2017

Liabilities

Down

$13,156,747

Down $850,765 (-6.1%) from 2017

Revenue

Up

$14,630,264

Up $573,074 (+4.1%) from 2017

Expenses

Up

$14,542,039

Up $220,277 (+1.5%) from 2017

Net Income

Up

$88,225

Up $352,797 (+133%) from 2017

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $40,615,369Liabilities 2011: $23,935,717Net Assets 2011: $16,679,6522011Assets 2012: $39,350,893Liabilities 2012: $23,823,314Net Assets 2012: $15,527,5792012Assets 2013: $38,304,136Liabilities 2013: $22,612,383Net Assets 2013: $15,691,7532013Assets 2014: $37,658,794Liabilities 2014: $21,350,106Net Assets 2014: $16,308,6882014Assets 2015: $31,842,509Liabilities 2015: $15,605,525Net Assets 2015: $16,236,9842015Assets 2016: $30,843,420Liabilities 2016: $15,093,399Net Assets 2016: $15,750,0212016Assets 2017: $30,571,489Liabilities 2017: $14,007,512Net Assets 2017: $16,563,9772017Assets 2018: $30,557,137Liabilities 2018: $13,156,747Net Assets 2018: $17,400,3902018Assets 2019: $30,163,972Liabilities 2019: $13,054,216Net Assets 2019: $17,109,7562019Assets 2020: $68,331,562Liabilities 2020: $51,957,913Net Assets 2020: $16,373,6492020Assets 2021: $69,850,998Liabilities 2021: $51,260,255Net Assets 2021: $18,590,7432021Assets 2022: $63,632,764Liabilities 2022: $48,640,261Net Assets 2022: $14,992,5032022Assets 2023: $58,579,370Liabilities 2023: $47,982,450Net Assets 2023: $10,596,9202023Assets 2024: $56,532,043Liabilities 2024: $47,498,845Net Assets 2024: $9,033,1982024Assets 2025: $53,952,413Liabilities 2025: $47,016,074Net Assets 2025: $6,936,3392025

Highlighted filing

2018

Assets$30,557,137
Liabilities$13,156,747
Net Assets$17,400,390

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $14,835,5782011Expenses 2012: $15,380,0422012Expenses 2013: $15,733,8182013Revenue 2014: $15,015,018Expenses 2014: $15,638,089Net Income 2014: -$623,0712014Revenue 2015: $14,297,162Expenses 2015: $14,239,255Net Income 2015: $57,9072015Revenue 2016: $13,759,584Expenses 2016: $14,023,154Net Income 2016: -$263,5702016Revenue 2017: $14,057,190Expenses 2017: $14,321,762Net Income 2017: -$264,5722017Revenue 2018: $14,630,264Expenses 2018: $14,542,039Net Income 2018: $88,2252018Revenue 2019: $15,285,576Expenses 2019: $15,572,616Net Income 2019: -$287,0402019Revenue 2020: $15,591,205Expenses 2020: $16,126,108Net Income 2020: -$534,9032020Revenue 2021: $16,541,345Expenses 2021: $16,486,163Net Income 2021: $55,1822021Revenue 2022: $16,204,462Expenses 2022: $17,809,231Net Income 2022: -$1,604,7692022Revenue 2023: $17,051,738Expenses 2023: $20,332,698Net Income 2023: -$3,280,9602023Revenue 2024: $20,159,356Expenses 2024: $21,954,217Net Income 2024: -$1,794,8612024Revenue 2025: $21,956,242Expenses 2025: $23,953,090Net Income 2025: -$1,996,8482025

Highlighted filing

2018

Revenue$14,630,264
Expenses$14,542,039
Net Income$88,225
Jump To
Filing Snapshot
Filing Period
May 1, 2017 to Apr 30, 2018
Signed
Mar 15, 2019
Return Version
2017v2.3
Gross Receipts
$15,238,774
Mission and Program Overview

Mission

The mission of the glen retirement system is to enrich the lives of older people through housing, healthcare and services. This mission is accomplished by dedicated community volunteers and compassionate professionals with commitment, vision and leadership.

The mission of the glen retirement system is to enrich the lives of older people through housing, healthcare and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,372,194$17,498,672▼ $873,522
Investments in Publicly Traded Securities$8,431,351$9,943,725▲ $1,512,374
Cash and Non-Interest-Bearing Accounts$1,970,776$1,245,523▼ $725,253
Savings and Temporary Cash Investments$839,153$1,004,413▲ $165,260
Accounts Receivable$680,518$637,609▼ $42,909
Prepaid Expenses and Deferred Charges$103,820$189,230▲ $85,410
Inventories for Sale or Use$30,761$23,590▼ $7,171
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$30,571,489$30,557,137▼ $14,352
Other Assets Total$142,916$14,375▼ $128,541
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,220,328$11,775,848▼ $444,480
Accounts Payable and Accrued Expenses$872,888$1,011,153▲ $138,265
Other Liabilities$914,296$369,746▼ $544,550
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$14,007,512$13,156,747▼ $850,765
Net Assets / Fund Balance
Unrestricted Net Assets$16,563,977$17,400,390▲ $836,413
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$16,563,977$17,400,390▲ $836,413
Total Liabilities and Net Assets / Fund Balance$30,571,489$30,557,137▼ $14,352

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,401,360$16,333,717$29,735,077
Equipment$1,642,054$2,585,635$4,227,689
Land$2,191,354-$2,191,354
Other Land Buildings$263,904-$263,904
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Debra WilliamsCEOFT$142,250$408$142,658
Lindi HallCFO (until 11/1/17)FT$91,017$109$91,126

Board Members and Trustees

NameTitle
Rhonda AnglinChairman of the Board
Connie Posner1st Vice Chairman
Debbi Scholfield2nd Vice Chairman
Ann Conrad-falterDirector
Betsy V Boze PhdDirector
Carolyn a TillmanDirector
Dianne WinninghamDirector
Elli BlaylockDirector
Kyle S DobbinsDirector
Mary Jo KayserDirector
Mary WilbanksDirector
Nanette BeachDirector
Sabra ScogginDirector
Susan P AdamsDirector
Sylvia AdamsDirector
Virginia IsraelDirector
Marie DavisCFO
Marti WestmorelandSecretary
Linda BundrickTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Morrison Management SpecialistDining Services4721 MORRISON DR, Mobile, AL 36609$734,443
Summit Health Rehab ServicesTherapy Services4604 PERKINS RD, Baton Rouge, LA 70808$568,226
Elite Health SolutionsContract Labor7591 FERN AVE STE 1602, Shreveport, LA 71105$149,454
Jdro LLCLawn Service2535 DESIREE MESHELL RD, Shreveport, LA 71115$105,848
Dmr Mechanical LLCRepair/maintenancePO BOX 19507, Shreveport, LA 71149$101,839
Revenue and Support

Revenue Composition

Contributions and Grants
$83,133
Program Service Revenue
$13,945,187
Investment Income
$482,257
Other Revenue
$119,687
All Other Contributions
$83,133
Change in Net Assets
$88,225

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,630,264
Revenue Not Reported on Form 990
$748,188
Total Revenue per Audited Statements
$15,378,452
Total Revenue per Form 990
$14,630,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,408,236
Salaries, Compensation, and Employee Benefits$7,131,803
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,934,538$1,017,961-$5,952,499
Depreciation Depletion$1,100,028$275,007-$1,375,035
Fees for Services Other$1,007,470$116,496-$1,123,966
Occupancy$576,318$192,106-$768,424
Interest-$637,856-$637,856
Other Expenses$518,220$84,004-$518,220
Other Employee Benefits$447,158$34,741-$481,899
Payroll Taxes$378,650$75,855-$454,505
All Other Expenses$254,510$44,577-$299,087
Current Officers, Directors, Trustees, and Key Employees$184,956$37,860-$222,816
Insurance$104,515$104,515-$209,030
Office Expenses$126,339$56,152-$182,491
Fees for Services Accounting-$103,234-$103,234
Conferences and Meetings$6,819$83,956-$90,775
Advertising$38,886$12,962-$51,848
Travel$19,485$6,495-$25,980
Fees for Services Management-$24,000-$24,000
Pension Plan Contributions$12,326$7,758-$20,084
Fees for Services Legal-$11,332-$11,332
Grants to Domestic Individuals$2,000--$2,000
Total Functional Expenses$11,615,172$2,926,867$0$14,542,039

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,542,039
Total Expenses per Audited Statements$14,542,039
Total Expenses per Form 990$14,542,039
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Swap Liability$318,227
Interest Payable$51,519
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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 11B

The organization engages an outside accounting firm to prepare form 990. Once prepared, the governing board reviews prior to filing.

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

The board and officers perform a periodic review of procedures in order to enforce compliance with the organization's policies.

Form 990, Part VI, Section B, Lines 15A & 15B

The organization uses industry data (ccrc salary and benefits report, and robert half) and data from ldol to determine salaries. The board reviews the ceo's salary on an annual basis.

Form 990, Part VI, Section C, Line 19

The organization makes the governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
The Glen Retirement System
EIN
72-0428013
In Care Of
% MARIE DAVIS
Phone
3187983500
Address
403 E Flournoy Lucas Rd, Shreveport, LA 71115

Signing Officer

Name
Marie Davis
Title
CFO
Phone
3187983500
Signed
2019-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debra Williams
Formed
1898
Legal Domicile
La
Voting Board Members
18
Independent Board Members
18
Employees
262
Volunteers
125

Preparer

Firm
Bkd Llp
Address
2700 Post Oak Blvd Ste 1500, HOUSTON, TX 77056
Preparer
Amanda Maya
Phone
7134994600
Supplemental Narrative

Additional Explanations

Form 990, Part XI Line 9

Reconciliation of net assets other changes in net assets: change in fmv of interest rate swap $ 542,605

Financial Statement Notes

Schedule D, Part XI, Line 2D

Reconciliation of revenue per audited statements with revenue per 990 other changes: change in fmv of interest rate swap $ 542,605

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IRS990/Form990PartVIISectionAGrp/PersonNm6SYLVIA ADAMS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt22ND VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt19CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt20CFO (UNTIL 11/1/17)
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IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MissionDesc0THE MISSION OF THE GLEN RETIREMENT SYSTEM IS TO ENRICH THE LIVES OF OLDER PEOPLE THROUGH HOUSING, HEALTHCARE AND SERVICES. THIS MISSION IS ACCOMPLISHED BY DEDICATED COMMUNITY VOLUNTEERS AND COMPASSIONATE PROFESSIONALS WITH COMMITMENT, VISION AND LEADERSHIP.
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IRS990/OccupancyGrp/TotalAmt0768424

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$54.0$47.0$6.94$22.0$24.0$2.00
2024Detailed filing. Detailed filing data is available for this year.$56.5$47.5$9.03$20.2$22.0$1.79
2023Detailed filing. Detailed filing data is available for this year.$58.6$48.0$10.6$17.1$20.3$3.28
2022Detailed filing. Detailed filing data is available for this year.$63.6$48.6$15.0$16.2$17.8$1.60
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.9$51.3$18.6$16.5$16.5$0.06
2020Detailed filing. Detailed filing data is available for this year.$68.3$52.0$16.4$15.6$16.1$0.53
2019Detailed filing. Detailed filing data is available for this year.$30.2$13.1$17.1$15.3$15.6$0.29
2018Detailed filing. Detailed filing data is available for this year.$30.6$13.2$17.4$14.6$14.5$0.09
2017Detailed filing. Detailed filing data is available for this year.$30.6$14.0$16.6$14.1$14.3$0.26
2016Detailed filing. Detailed filing data is available for this year.$30.8$15.1$15.8$13.8$14.0$0.26
2015Detailed filing. Detailed filing data is available for this year.$31.8$15.6$16.2$14.3$14.2$0.06
2014Detailed filing. Detailed filing data is available for this year.$37.7$21.4$16.3$15.0$15.6$0.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.3$22.6$15.7$15.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.4$23.8$15.5$15.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.6$23.9$16.7$14.8