Civic Intelligence

Lakeside Gardens Inc

990 • Fiscal year 2019 • EIN 72-0694204

Jun 01, 2018 to May 31, 2019 • Filed on Aug 10, 2019

Organization Profile
2440 Carrie AveShreveport, LA 71103-3528

(318) 222-5138

Siviq Scores

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

Liabilities / Assets

99th percentile

3.14x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

2.54x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Net Margin

43rd percentile

3.6%

Higher net margin than 43% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Asset Growth

54th percentile

4.2%

Faster asset growth than 54% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

44th percentile

0.8%

Faster revenue growth than 44% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$531,925

Up $21,431 (+4.2%) from 2018

Net Assets

Up

-$1,137,768

Up $23,516 (+2.0%) from 2018

Liabilities

Down

$1,669,693

Down $2,085 (-0.1%) from 2018

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin43rd percentile

Revenue

Up

$658,499

Up $5,299 (+0.8%) from 2018

Expenses

Up

$634,983

Up $5,003 (+0.8%) from 2018

Net Income

Up

$23,516

Up $296 (+1.3%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $971,571Liabilities 2011: $1,870,556Net Assets 2011: -$898,9852011Assets 2012: $878,779Liabilities 2012: $1,878,765Net Assets 2012: -$999,9862012Assets 2013: $766,486Liabilities 2013: $1,855,674Net Assets 2013: -$1,089,1882013Assets 2014: $689,365Liabilities 2014: $1,807,701Net Assets 2014: -$1,118,3362014Assets 2015: $702,373Liabilities 2015: $1,752,812Net Assets 2015: -$1,050,4392015Assets 2016: $598,216Liabilities 2016: $1,714,263Net Assets 2016: -$1,116,0472016Assets 2017: $512,237Liabilities 2017: $1,696,741Net Assets 2017: -$1,184,5042017Assets 2018: $510,494Liabilities 2018: $1,671,778Net Assets 2018: -$1,161,2842018Assets 2019: $531,925Liabilities 2019: $1,669,693Net Assets 2019: -$1,137,7682019Assets 2020: $482,798Liabilities 2020: $1,634,937Net Assets 2020: -$1,152,1392020Assets 2021: $417,771Liabilities 2021: $1,577,968Net Assets 2021: -$1,160,1972021Assets 2022: $410,859Liabilities 2022: $1,597,128Net Assets 2022: -$1,186,2692022Assets 2023: $358,606Liabilities 2023: $1,563,348Net Assets 2023: -$1,204,7422023Assets 2024: $400,068Liabilities 2024: $1,580,900Net Assets 2024: -$1,180,8322024

Highlighted filing

2019

Assets$531,925
Liabilities$1,669,693
Net Assets-$1,137,768
Open 2019 Filing

Operations Trend

Revenue Growth44th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $577,183Expenses 2011: $636,535Net Income 2011: -$59,3522011Expenses 2012: $675,6102012Revenue 2013: $584,063Expenses 2013: $673,265Net Income 2013: -$89,2022013Revenue 2014: $623,033Expenses 2014: $652,181Net Income 2014: -$29,1482014Revenue 2015: $644,373Expenses 2015: $576,525Net Income 2015: $67,8482015Revenue 2016: $637,741Expenses 2016: $703,352Net Income 2016: -$65,6112016Revenue 2017: $622,410Expenses 2017: $690,867Net Income 2017: -$68,4572017Revenue 2018: $653,200Expenses 2018: $629,980Net Income 2018: $23,2202018Revenue 2019: $658,499Expenses 2019: $634,983Net Income 2019: $23,5162019Revenue 2020: $636,882Expenses 2020: $651,253Net Income 2020: -$14,3712020Revenue 2021: $640,239Expenses 2021: $648,297Net Income 2021: -$8,0582021Revenue 2022: $659,132Expenses 2022: $685,204Net Income 2022: -$26,0722022Revenue 2023: $684,242Expenses 2023: $702,715Net Income 2023: -$18,4732023Revenue 2024: $713,457Expenses 2024: $689,547Net Income 2024: $23,9102024

Highlighted filing

2019

Revenue$658,499
Expenses$634,983
Net Income$23,516
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Aug 10, 2019
Return Version
2018v3.1
Gross Receipts
$658,499
Mission and Program Overview

Mission

Owning and operating an apartment complex containing 88 units for the benefit of low and moderate income families under HUD supervision and Section 202 of the Housing Act of 1959.

Owning and operating an apartment complex providing suitable housing for low and moderate income families accordance with Section 202 and Section 8 HUD guidelines.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$329,793$324,927▼ $4,866
Cash and Non-Interest-Bearing Accounts$15,797$39,790▲ $23,993
Prepaid Expenses and Deferred Charges$17,961$17,661▼ $300
Total Assets$510,494$531,925▲ $21,431
Other Assets Total$146,943$149,547▲ $2,604
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,624,957$1,605,922▼ $19,035
Accounts Payable and Accrued Expenses$33,463$50,111▲ $16,648
Other Liabilities$13,358$13,660▲ $302
Total Liabilities$1,671,778$1,669,693▼ $2,085
Net Assets / Fund Balance
Unrestricted Net Assets$-1,161,284$-1,137,768▲ $23,516
Total Net Assets Fund Balance$-1,161,284$-1,137,768▲ $23,516
Total Liabilities and Net Assets / Fund Balance$510,494$531,925▲ $21,431

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$255,715$3,228,043$3,483,758
Land$69,212-$69,212
Other Assets Org$27,960--
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Lula BrooksPresident
Alan WarrenV-President
Geneva E MooreDirector
Jimmie JacksonDirector
Neva JonesSec/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$657,873
Investment Income
$25
Other Revenue
$601
Change in Net Assets
$23,516

Audited Revenue Reconciliation

Revenue per Audited Statements
$658,499
Total Revenue per Audited Statements
$658,499
Total Revenue per Form 990
$658,499
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$470,354
Salaries, Compensation, and Employee Benefits$164,629
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$164,934--$164,934
Other Salaries and Wages$150,979--$150,979
Depreciation Depletion$51,515--$51,515
Fees for Services Management$42,528--$42,528
Insurance$34,815--$34,815
Office Expenses$20,578--$20,578
Interest$15,965--$15,965
Fees for Services Other$9,170--$9,170
Payroll Taxes$7,779--$7,779
Other Employee Benefits$5,871--$5,871
Fees for Services Legal$622--$622
Total Functional Expenses$634,983$0$0$634,983

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$634,983
Total Expenses per Audited Statements$634,983
Total Expenses per Form 990$634,983
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$13,660
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
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The 990 with all attachments along with the full financial statements are available to the board of directors at the office prior to issuance as well as the property managers office along with the auditors office.”

Form 990, Part VI, Section B, Line 12

“This is handled by the HUD approved managing agent.”

Form 990, Part VI, Section C, Line 19

“Public inspection copies are available at the project office for inspection. They are also available for copies with a nominal copy, mailing and handling fee.”

Filing and Contact Details

Filer

Filer Name
Lakeside Gardens Inc
EIN
72-0694204
Phone
3182225138
Address
2440 CARRIE AVE, SHREVEPORT, LA 71103-3528

Signing Officer

Name
Lula Brooks
Title
President
Signed
2019-08-10
Discuss with paid preparer
Yes

Organization Details

Formed
1969
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
5

Preparer

Firm
Judy Moncrief CPA LLC
Address
910 Pierremont Road Suite 311, Shreveport, LA 71106
Preparer
Judy E Moncrief
Phone
3186831002
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 with all attachments along with the full financial statements are available to the board of directors at the office prior to issuance as well as the property managers office along with the auditors office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1This is handled by the HUD approved managing agent.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Public inspection copies are available at the project office for inspection. They are also available for copies with a nominal copy, mailing and handling fee.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0510494
IRS990/TotalAssetsEOYAmt0531925
IRS990/TotalAssetsGrp/BOYAmt0510494
IRS990/TotalAssetsGrp/EOYAmt0531925
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0634983
IRS990/TotalFunctionalExpensesGrp/TotalAmt0634983
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01671778
IRS990/TotalLiabilitiesEOYAmt01669693
IRS990/TotalLiabilitiesGrp/BOYAmt01671778
IRS990/TotalLiabilitiesGrp/EOYAmt01669693
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1161284
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1137768
IRS990/TotalProgramServiceExpensesAmt0634983
IRS990/TotalProgramServiceRevenueAmt0657873
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0658499
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0658499
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0510494
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0531925
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1161284
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1137768
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02440 CARRIE AVENUE
IRS990/USAddress/CityNm0SHREVEPORT
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd0711033528
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LULA BROOKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKESIDE GARDENS INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0720694204
ReturnHeader/Filer/PhoneNum03182225138
ReturnHeader/Filer/USAddress/AddressLine1Txt02440 CARRIE AVE
ReturnHeader/Filer/USAddress/CityNm0SHREVEPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd0711033528
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02023E2461982DA54ED9AB923CBC6F11F60F7B1AE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02023E2461982DA54ED9AB923CBC6F11F60F7B1AE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.65.73.215
ReturnHeader/FilingSecurityInformation/IPDt02019-08-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:19:49
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Judy Moncrief CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0910 Pierremont Road Suite 311
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Shreveport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071106
ReturnHeader/PreparerPersonGrp/PhoneNum03186831002
ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Judy E Moncrief
ReturnHeader/ReturnTs02019-08-10T12:26:04-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-06-01
ReturnHeader/TaxPeriodEndDt02019-05-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$531,925
Liabilities
$1,669,693
Net assets
-$1,137,768
Revenue
$658,499
Expenses
$634,983
Net income
$23,516
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.40$1.58$1.18$0.71$0.69$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.36$1.56$1.20$0.68$0.70$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.41$1.60$1.19$0.66$0.69$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.42$1.58$1.16$0.64$0.65$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.48$1.63$1.15$0.64$0.65$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.53$1.67$1.14$0.66$0.63$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.51$1.67$1.16$0.65$0.63$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.51$1.70$1.18$0.62$0.69$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.60$1.71$1.12$0.64$0.70$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.70$1.75$1.05$0.64$0.58$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.69$1.81$1.12$0.62$0.65$0.03
2013Summary only. Only limited summary data is available for this year.$0.77$1.86$1.09$0.58$0.67$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$1.88$1.00$0.68
2011Summary only. Only limited summary data is available for this year.$0.97$1.87$0.90$0.58$0.64$0.06