Civic Intelligence

Madison Community Apartments Inc

990 • Fiscal year 2016 • EIN 72-0719265

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 27, 2016

Organization ProfileN/A
PO Box 4086Monroe, LA 71211

(318) 387-2662

Siviq Scores

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

Liabilities / Assets

97th percentile

1.45x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

1.77x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Net Margin

48th percentile

4.9%

Higher net margin than 48% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Asset Growth

22nd percentile

-5.0%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

51st percentile

2.5%

Faster revenue growth than 51% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$526,762

Down $27,792 (-5.0%) from 2015

Net Assets

Up

-$238,622

Up $21,103 (+8.1%) from 2015

Liabilities

Down

$765,384

Down $48,895 (-6.0%) from 2015

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin48th percentile

Revenue

Up

$433,026

Up $10,734 (+2.5%) from 2015

Expenses

Down

$411,923

Down $436 (-0.1%) from 2015

Net Income

Up

$21,103

Up $11,170 (+112%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$1.0M$500K$0-$500KAssets 2015: $554,554Liabilities 2015: $814,279Net Assets 2015: -$259,7252015Assets 2016: $526,762Liabilities 2016: $765,384Net Assets 2016: -$238,6222016Assets 2017: $681,718Liabilities 2017: $866,658Net Assets 2017: -$184,9402017Assets 2018: $650,046Liabilities 2018: $810,005Net Assets 2018: -$159,9592018Assets 2019: $668,657Liabilities 2019: $797,160Net Assets 2019: -$128,5032019Assets 2020: $619,048Liabilities 2020: $790,225Net Assets 2020: -$171,1772020Assets 2021: $610,609Liabilities 2021: $812,609Net Assets 2021: -$202,0002021Assets 2022: $606,786Liabilities 2022: $876,145Net Assets 2022: -$269,3592022Assets 2023: $564,486Liabilities 2023: $835,241Net Assets 2023: -$270,7552023Assets 2024: $521,786Liabilities 2024: $814,048Net Assets 2024: -$292,2622024Assets 2025: $717,090Liabilities 2025: $921,967Net Assets 2025: -$204,8772025

Highlighted filing

2016

Assets$526,762
Liabilities$765,384
Net Assets-$238,622
Open 2016 Filing

Operations Trend

Revenue Growth51st percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $422,292Expenses 2015: $412,359Net Income 2015: $9,9332015Revenue 2016: $433,026Expenses 2016: $411,923Net Income 2016: $21,1032016Revenue 2017: $541,406Expenses 2017: $487,724Net Income 2017: $53,6822017Revenue 2018: $451,235Expenses 2018: $426,254Net Income 2018: $24,9812018Revenue 2019: $466,475Expenses 2019: $435,019Net Income 2019: $31,4562019Revenue 2020: $467,025Expenses 2020: $509,699Net Income 2020: -$42,6742020Revenue 2021: $476,457Expenses 2021: $507,280Net Income 2021: -$30,8232021Revenue 2022: $473,092Expenses 2022: $540,451Net Income 2022: -$67,3592022Revenue 2023: $510,056Expenses 2023: $511,452Net Income 2023: -$1,3962023Revenue 2024: $576,186Expenses 2024: $597,693Net Income 2024: -$21,5072024Revenue 2025: $616,427Expenses 2025: $529,042Net Income 2025: $87,3852025

Highlighted filing

2016

Revenue$433,026
Expenses$411,923
Net Income$21,103
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 27, 2016
Return Version
2015v2.0
Gross Receipts
$433,026
Mission and Program Overview

Mission

To provide safe and decent housing to low and moderate income families in tallulah, la.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$431,507$410,084▼ $21,423
Prepaid Expenses and Deferred Charges$19,925$14,329▼ $5,596
Cash and Non-Interest-Bearing Accounts$51,212$1,206▼ $50,006
Accounts Receivable$735$45▼ $690
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$554,554$526,762▼ $27,792
Other Assets Total$51,175$101,098▲ $49,923
Liabilities
Mortgage Notes Payable Secured by Investment Property$610,798$610,798→ $0
Other Liabilities$122,634$129,887▲ $7,253
Accounts Payable and Accrued Expenses$80,038$24,656▼ $55,382
Deferred Revenue$809$43▼ $766
Total Liabilities$814,279$765,384▼ $48,895
Net Assets / Fund Balance
Unrestricted Net Assets$-259,725$-238,622▲ $21,103
Total Net Assets Fund Balance$-259,725$-238,622▲ $21,103
Total Liabilities and Net Assets / Fund Balance$554,554$526,762▼ $27,792

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$397,243$1,056,357$1,453,600
Equipment$662$96,947$97,609
Other Land Buildings-$12,701$12,701
Land$12,179-$12,179
Other Assets Org$660--
Compensation and Service Providers
Top Officer Pay67th percentile

Board Members and Trustees

NameTitle
Anthony BrigewaterDirector
Jann BuchananDirector
Will StatenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$383,979
Program Service Revenue
$48,972
Investment Income
$75
Other Revenue
$0
All Other Contributions
$4,818
Change in Net Assets
$21,103
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$309,878
Salaries, Compensation, and Employee Benefits$102,045
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$45,846$39,252-$85,098
Occupancy$77,937--$77,937
Fees for Services Management-$27,607-$27,607
Depreciation Depletion$21,424--$21,424
Other Employee Benefits$11,665--$11,665
Other Expenses$11,140$14,126-$11,140
All Other Expenses$8,284$2,498-$10,782
Fees for Services Accounting-$6,500-$6,500
Interest$6,116--$6,116
Payroll Taxes$5,282--$5,282
Fees for Services Legal-$1,900-$1,900
Advertising-$75-$75
Total Functional Expenses$319,965$91,958$0$411,923
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
Accrued Interest on Flox Loan$122,574
Tenant Security Deposits$7,313
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
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
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“The management companies oversees the operations of the project and handles all bookkeeping. The management company also reports to the board of directors.”

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

“The executive vice president of the management company reviews the 990 before filing.”

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

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Madison Community Apartments Inc
EIN
72-0719265
Phone
3183872662
Address
PO BOX 4086, MONROE, LA 71211

Signing Officer

Name
Bert Loe
Title
Management Agent
Signed
2016-09-27
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
La
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Johnson Perry Roussel & Cuthbert LLP
Address
3007 Armand Street, Monroe, LA 71201
Preparer
Rowland H Perry
Phone
3183225156
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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST ON FLOX LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0410084
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0101098
IRS990ScheduleD/TotalLiabilityAmt0129887
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MANAGEMENT COMPANIES OVERSEES THE OPERATIONS OF THE PROJECT AND HANDLES ALL BOOKKEEPING. THE MANAGEMENT COMPANY ALSO REPORTS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE VICE PRESIDENT OF THE MANAGEMENT COMPANY REVIEWS THE 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0554554
IRS990/TotalAssetsEOYAmt0526762
IRS990/TotalAssetsGrp/BOYAmt0554554
IRS990/TotalAssetsGrp/EOYAmt0526762
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0383979
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt091958
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0319965
IRS990/TotalFunctionalExpensesGrp/TotalAmt0411923
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0814279
IRS990/TotalLiabilitiesEOYAmt0765384
IRS990/TotalLiabilitiesGrp/BOYAmt0814279
IRS990/TotalLiabilitiesGrp/EOYAmt0765384
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-259725
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-238622
IRS990/TotalProgramServiceExpensesAmt0319965
IRS990/TotalProgramServiceRevenueAmt048972
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt049047
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0433026
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0554554
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0526762
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-259725
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-238622
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BERT LOE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGEMENT AGENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON COMMUNITY APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0720719265
ReturnHeader/Filer/PhoneNum03183872662
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 4086
ReturnHeader/Filer/USAddress/CityNm0MONROE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071211
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Johnson Perry Roussel & Cuthbert LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03007 Armand Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Monroe
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071201
ReturnHeader/PreparerPersonGrp/PhoneNum03183225156
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROWLAND H PERRY
ReturnHeader/ReturnTs02016-09-27T06:40:21-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$526,762
Liabilities
$765,384
Net assets
-$238,622
Revenue
$433,026
Expenses
$411,923
Net income
$21,103
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.17$9.22$2.05$6.16$5.29$0.87
2024Detailed filing. Detailed filing data is available for this year.$5.22$8.14$2.92$5.76$5.98$0.22
2023Detailed filing. Detailed filing data is available for this year.$5.64$8.35$2.71$5.10$5.11$0.01
2022Detailed filing. Detailed filing data is available for this year.$6.07$8.76$2.69$4.73$5.40$0.67
2021Detailed filing. Detailed filing data is available for this year.$6.11$8.13$2.02$4.76$5.07$0.31
2020Detailed filing. Detailed filing data is available for this year.$6.19$7.90$1.71$4.67$5.10$0.43
2019Detailed filing. Detailed filing data is available for this year.$6.69$7.97$1.29$4.66$4.35$0.31
2018Detailed filing. Detailed filing data is available for this year.$6.50$8.10$1.60$4.51$4.26$0.25
2017Detailed filing. Detailed filing data is available for this year.$6.82$8.67$1.85$5.41$4.88$0.54
2016Detailed filing. Detailed filing data is available for this year.$5.27$7.65$2.39$4.33$4.12$0.21
2015Summary only. Only limited summary data is available for this year.$5.55$8.14$2.60$4.22$4.12$0.10