Civic Intelligence

The Evangeline Foundation

990 • Fiscal year 2015 • EIN 72-0551167

Apr 01, 2014 to Mar 31, 2015 • Filed on Jul 29, 2015

3875 Line AvenueShreveport, LA 71106

(318) 831-1177

Siviq Scores

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

Liabilities / Assets

95th percentile

1.25x

Higher debt load relative to assets than 95% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

95th percentile

3.12x

Higher debt load relative to revenue than 95% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

50th percentile

$5,610

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

18th percentile

-8.7%

Faster asset growth than 18% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

40th percentile

-0.8%

Faster revenue growth than 40% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$707,347

Down $67,303 (-8.7%) from 2014

Net Assets

Down

-$174,371

Down $33,150 (-23%) from 2014

Liabilities

Down

$881,718

Down $34,153 (-3.7%) from 2014

Revenue

Down

$283,035

Down $2,149 (-0.8%) from 2014

Expenses

Up

$316,185

Up $40,562 (+15%) from 2014

Net Income

Down

-$33,150

Down $42,711 (-447%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2012: $819,844Liabilities 2012: $806,172Net Assets 2012: $13,6722012Assets 2013: $789,902Liabilities 2013: $779,864Net Assets 2013: $10,0382013Assets 2014: $774,650Liabilities 2014: $915,871Net Assets 2014: -$141,2212014Assets 2015: $707,347Liabilities 2015: $881,718Net Assets 2015: -$174,3712015Assets 2016: $674,367Liabilities 2016: $851,758Net Assets 2016: -$177,3912016Assets 2017: $637,590Liabilities 2017: $819,725Net Assets 2017: -$182,1352017Assets 2018: $595,253Liabilities 2018: $780,714Net Assets 2018: -$185,4612018Assets 2019: $567,515Liabilities 2019: $747,344Net Assets 2019: -$179,8292019Assets 2020: $526,369Liabilities 2020: $696,421Net Assets 2020: -$170,0522020Assets 2021: $519,883Liabilities 2021: $660,070Net Assets 2021: -$140,1872021Assets 2022: $510,807Liabilities 2022: $655,250Net Assets 2022: -$144,4432022

Highlighted filing

2015

Assets$707,347
Liabilities$881,718
Net Assets-$174,371

Operations Trend

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

$400K$200K$0-$200KRevenue 2012: $237,355Expenses 2012: $249,551Net Income 2012: -$12,1962012Expenses 2013: $287,1902013Revenue 2014: $285,184Expenses 2014: $275,623Net Income 2014: $9,5612014Revenue 2015: $283,035Expenses 2015: $316,185Net Income 2015: -$33,1502015Revenue 2016: $325,834Expenses 2016: $328,854Net Income 2016: -$3,0202016Revenue 2017: $351,584Expenses 2017: $356,328Net Income 2017: -$4,7442017Revenue 2018: $369,197Expenses 2018: $372,523Net Income 2018: -$3,3262018Revenue 2019: $396,086Expenses 2019: $390,454Net Income 2019: $5,6322019Revenue 2020: $363,152Expenses 2020: $353,375Net Income 2020: $9,7772020Revenue 2021: $360,478Expenses 2021: $330,613Net Income 2021: $29,8652021Revenue 2022: $379,145Expenses 2022: $383,401Net Income 2022: -$4,2562022

Highlighted filing

2015

Revenue$283,035
Expenses$316,185
Net Income-$33,150
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Jul 29, 2015
Return Version
2014v5.0
Gross Receipts
$283,035
Mission and Program Overview

Mission

To operate an affordable apartment complex exclusively for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$643,072$635,390▼ $7,682
Cash and Non-Interest-Bearing Accounts$88,478$67,884▼ $20,594
Prepaid Expenses and Deferred Charges$3,328$3,123▼ $205
Accounts Receivable$39,772$950▼ $38,822
Savings and Temporary Cash Investments-$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$774,650$707,347▼ $67,303
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$898,595$856,469▼ $42,126
Other Liabilities$10,266$14,763▲ $4,497
Accounts Payable and Accrued Expenses$4,620$10,486▲ $5,866
Deferred Revenue$2,390--
Total Liabilities$915,871$881,718▼ $34,153
Net Assets / Fund Balance
Unrestricted Net Assets$-141,221$-174,371▼ $33,150
Total Net Assets Fund Balance$-141,221$-174,371▼ $33,150
Total Liabilities and Net Assets / Fund Balance$774,650$707,347▼ $67,303

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$395,504$1,046,706$1,442,210
Land$139,422-$139,422
Equipment$63,261$15,342$78,603
Other Land Buildings$19,513$54,879$74,392
Leasehold Improvements$17,690$609$18,299
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carol PagaTreasurerPT$5,610$5,610

Board Members and Trustees

NameTitle
Clay NelsonTrustee
David NelsonTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$275,818
Investment Income
$52
Other Revenue
$7,165
Change in Net Assets
$-33,150
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$239,087
Salaries, Compensation, and Employee Benefits$77,098
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,851$4,056-$65,907
Depreciation Depletion$44,891--$44,891
Insurance$34,819--$34,819
Fees for Services Accounting-$13,485-$13,485
All Other Expenses$4,146$7,591-$11,737
Other Expenses$11,330$2,953-$11,330
Interest$8,731--$8,731
Current Officers, Directors, Trustees, and Key Employees-$5,610-$5,610
Payroll Taxes$5,581--$5,581
Total Functional Expenses$282,490$33,695$0$316,185
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$14,763
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
No
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Clay Nelson and David Nelson, Directors, are brothers.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Directors and Secretary-Treasurer review Form 990 by reading responses to questions on the returns to ensure they are correct. They compare income and expenses to those in the current independent audit.

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

The organization uses Appendix A form 1023 as its conflict of interest policy. Directors and Secretary-Treasurer annually affirm that the guidlines are being followed.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The compensation paid to the Secretary-Treasurer for bookeeping is based on the average hourly wage paid for bookkeeping on offices in the area. This amount is reviewed annually.

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

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Evangeline Foundation
EIN
72-0551167
Phone
3188311177
Address
3875 LINE AVENUE, SHREVEPORT, LA 71106

Signing Officer

Name
David Nelson
Title
Trustee
Signed
2015-07-29
Discuss with paid preparer
Yes

Organization Details

Formed
1961
Legal Domicile
La
Voting Board Members
3
Independent Board Members
3
Employees
10

Preparer

Firm
Johnson Perry Roussel & Cuthbert LLP
Address
3007 Armand Street, Monroe, LA 71201
Preparer
James J Cuthbert
Phone
3183225156
Supplemental Narrative

Additional Explanations

Form 990, Part IX Line 24E - Other expenses

Financing fees

Financial Statement Notes

Part X : FIN48 Footnote

Part X Line 2 Tenant security depositsPart XI Line 2d Rent free unit and tenant account receivable included in income.Audited financial statements are on accrual basis.Part XIII Line 2d Rent free unit and bad debts shown as expense. Audit is on accrual basis. Accrual of flexible subsidy interest and accounts payable increased expenses.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0223729
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01291736
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt052
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0125
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0168
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0201
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0337
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0883
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt07165
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05082
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08598
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05110
IRS990ScheduleA/OtherIncome509Grp/TotalAmt025955
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97960
IRS990ScheduleA/PublicSupportPY509Pct00.97980
IRS990ScheduleA/PublicSupportTotal509Amt01291736
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0275818
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0279977
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0283556
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0228656
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0223729
IRS990ScheduleA/Total509Grp/TotalAmt01291736
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0283035
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0285184
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0283724
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0237455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0229176
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01318574
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0395504
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01046706
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01442210
IRS990ScheduleD/EquipmentGrp/BookValueAmt063261
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015342
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt078603
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0139422
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0139422
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017690
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0609
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt018299
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019513
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt054879
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt074392
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014763
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Part X Line 2 Tenant security depositsPart XI Line 2d Rent free unit and tenant account receivable included in income.Audited financial statements are on accrual basis.Part XIII Line 2d Rent free unit and bad debts shown as expense. Audit is on accrual basis. Accrual of flexible subsidy interest and accounts payable increased expenses.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0635390
IRS990ScheduleD/TotalLiabilityAmt014763
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Clay Nelson and David Nelson, Directors, are brothers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Directors and Secretary-Treasurer review Form 990 by reading responses to questions on the returns to ensure they are correct. They compare income and expenses to those in the current independent audit.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization uses Appendix A form 1023 as its conflict of interest policy. Directors and Secretary-Treasurer annually affirm that the guidlines are being followed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The compensation paid to the Secretary-Treasurer for bookeeping is based on the average hourly wage paid for bookkeeping on offices in the area. This amount is reviewed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Financing fees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX Line 24e - Other expenses
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0774650
IRS990/TotalAssetsEOYAmt0707347
IRS990/TotalAssetsGrp/BOYAmt0774650
IRS990/TotalAssetsGrp/EOYAmt0707347
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033695
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0282490
IRS990/TotalFunctionalExpensesGrp/TotalAmt0316185
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0915871
IRS990/TotalLiabilitiesEOYAmt0881718
IRS990/TotalLiabilitiesGrp/BOYAmt0915871
IRS990/TotalLiabilitiesGrp/EOYAmt0881718
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-141221
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-174371
IRS990/TotalProgramServiceExpensesAmt0282490
IRS990/TotalProgramServiceRevenueAmt0275818
IRS990/TotalReportableCompFromOrgAmt05610
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0283035
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0283035
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0774650
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0707347
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-141221
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-174371
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID NELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE EVANGELINE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0EVAN
ReturnHeader/Filer/EIN0720551167

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