Civic Intelligence

Madison Community Apartments Inc

990 • Fiscal year 2018 • EIN 72-0719265

Jul 01, 2017 to Jun 30, 2018 • Filed on Aug 08, 2018

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

96th percentile

1.25x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

1.80x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Net Margin

49th percentile

5.5%

Higher net margin than 49% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

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.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Asset Growth

25th percentile

-4.6%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

15th percentile

-17%

Faster revenue growth than 15% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$650,046

Down $31,672 (-4.6%) from 2017

Net Assets

Up

-$159,959

Up $24,981 (+14%) from 2017

Liabilities

Down

$810,005

Down $56,653 (-6.5%) from 2017

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin49th percentile

Revenue

Down

$451,235

Down $90,171 (-17%) from 2017

Expenses

Down

$426,254

Down $61,470 (-13%) from 2017

Net Income

Down

$24,981

Down $28,701 (-53%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2018

Assets$650,046
Liabilities$810,005
Net Assets-$159,959
Open 2018 Filing

Operations Trend

Revenue Growth15th 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

2018

Revenue$451,235
Expenses$426,254
Net Income$24,981
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Aug 8, 2018
Return Version
2017v2.2
Gross Receipts
$451,235
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$442,158$453,547▲ $11,389
Prepaid Expenses and Deferred Charges$15,840$36,264▲ $20,424
Cash and Non-Interest-Bearing Accounts$61,582$14,750▼ $46,832
Accounts Receivable$51,520$118▼ $51,402
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$681,718$650,046▼ $31,672
Other Assets Total$110,618$145,367▲ $34,749
Liabilities
Mortgage Notes Payable Secured by Investment Property$610,798$610,798→ $0
Other Liabilities$137,239$142,625▲ $5,386
Accounts Payable and Accrued Expenses$118,590$56,482▼ $62,108
Deferred Revenue$31$100▲ $69
Total Liabilities$866,658$810,005▼ $56,653
Net Assets / Fund Balance
Unrestricted Net Assets$-184,940$-159,959▲ $24,981
Total Net Assets Fund Balance$-184,940$-159,959▲ $24,981
Total Liabilities and Net Assets / Fund Balance$681,718$650,046▼ $31,672

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$441,368$1,101,870$1,543,238
Equipment-$97,609$97,609
Other Land Buildings-$12,701$12,701
Land$12,179-$12,179
Other Assets Org$660--
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Anthony BrigewaterDirector
Jann BuchananDirector
Will StatenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$378,838
Program Service Revenue
$72,200
Investment Income
$197
Other Revenue
$0
All Other Contributions
$6,950
Change in Net Assets
$24,981
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$330,390
Salaries, Compensation, and Employee Benefits$95,864
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$84,866--$84,866
Other Salaries and Wages$49,193$31,065-$80,258
Fees for Services Management-$29,179-$29,179
Depreciation Depletion$24,637--$24,637
All Other Expenses$8,057$4,680-$12,737
Other Employee Benefits$10,566--$10,566
Other Expenses$10,388$13,845-$10,388
Fees for Services Accounting-$7,500-$7,500
Interest$6,108--$6,108
Payroll Taxes$5,040--$5,040
Fees for Services Legal-$3,000-$3,000
Advertising-$1,261-$1,261
Total Functional Expenses$335,724$90,530$0$426,254
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
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$134,781
Tenant Security Deposits$7,844
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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
2018-08-08
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
James J Cuthbert
Phone
3183225156
Raw XML Appendix362 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0118590
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt056482
IRS990/AccountsReceivableGrp/BOYAmt051520
IRS990/AccountsReceivableGrp/EOYAmt0118
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE SAFE AND DECENT HOUSING TO LOW AND MODERATE INCOME FAMILIES IN TALLULAH, LA.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01261
IRS990/AdvertisingGrp/TotalAmt01261
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt06950
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04680
IRS990/AllOtherExpensesGrp/ProgramServicesAmt08057
IRS990/AllOtherExpensesGrp/TotalAmt012737
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0STANDARD ENTERPRISES INC
IRS990/BooksInCareOfDetail/PhoneNum03183872662
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 4086
IRS990/BooksInCareOfDetail/USAddress/CityNm0MONROE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0LA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd071211
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt061582
IRS990/CashNonInterestBearingGrp/EOYAmt014750
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0378838
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0197
IRS990/CYOtherExpensesAmt0330390
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt072200
IRS990/CYRevenuesLessExpensesAmt024981
IRS990/CYSalariesCompEmpBnftPaidAmt095864
IRS990/CYTotalExpensesAmt0426254
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0451235
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt031
IRS990/DeferredRevenueGrp/EOYAmt0100
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt024637
IRS990/DepreciationDepletionGrp/TotalAmt024637
IRS990/Desc0TO PROVIDE LOW INCOME HOUSING IN THE TALLULAH, LA AREA.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0335724
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07500
IRS990/FeesForServicesAccountingGrp/TotalAmt07500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03000
IRS990/FeesForServicesLegalGrp/TotalAmt03000
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt029179
IRS990/FeesForServicesManagementGrp/TotalAmt029179
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0ANTHONY BRIGEWATER
IRS990/Form990PartVIISectionAGrp/PersonNm1WILL STATEN
IRS990/Form990PartVIISectionAGrp/PersonNm2JANN BUCHANAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt0371888
IRS990/GrantAmt0371888
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0451235
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt06108
IRS990/InterestGrp/TotalAmt06108
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0197
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0197
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01212180
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0442158
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0453547
IRS990/LandBldgEquipCostOrOtherBssAmt01665727
IRS990/LegalDomicileStateCd0LA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE SAFE AND DECENT HOUSING TO LOW AND MODERATE INCOME FAMILIES IN TALLULAH, LA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0610798
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0610798
IRS990/NetAssetsOrFundBalancesBOYAmt0-184940
IRS990/NetAssetsOrFundBalancesEOYAmt0-159959
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt084866
IRS990/OccupancyGrp/TotalAmt084866
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0110618
IRS990/OtherAssetsTotalGrp/EOYAmt0145367
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010566
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010566
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MORTGAGE INSURANCE
IRS990/OtherExpensesGrp/Desc3GARBAGE AND TRASH
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013845
IRS990/OtherExpensesGrp/ProgramServicesAmt061802
IRS990/OtherExpensesGrp/ProgramServicesAmt137295
IRS990/OtherExpensesGrp/ProgramServicesAmt237772
IRS990/OtherExpensesGrp/ProgramServicesAmt310388
IRS990/OtherExpensesGrp/TotalAmt061802
IRS990/OtherExpensesGrp/TotalAmt151140
IRS990/OtherExpensesGrp/TotalAmt237772
IRS990/OtherExpensesGrp/TotalAmt310388
IRS990/OtherLiabilitiesGrp/BOYAmt0137239
IRS990/OtherLiabilitiesGrp/EOYAmt0142625
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt031065
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt049193
IRS990/OtherSalariesAndWagesGrp/TotalAmt080258
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt05040
IRS990/PayrollTaxesGrp/TotalAmt05040
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015840
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036264
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt068668
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13532
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt068668
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13532
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0487935
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0150
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0406198
IRS990/PYProgramServiceRevenueAmt053321
IRS990/PYRevenuesLessExpensesAmt053682
IRS990/PYSalariesCompEmpBnftPaidAmt081526
IRS990/PYTotalExpensesAmt0487724
IRS990/PYTotalRevenueAmt0541406
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt024981
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0441368
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01101870
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01543238
IRS990ScheduleD/EquipmentGrp/DepreciationAmt097609
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt097609
IRS990ScheduleD/LandGrp/BookValueAmt012179
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012179
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt025595
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1110655
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt28457
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3660
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3UTILITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012701
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012701
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0134781
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17844
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST ON FLOX LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0453547
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0145367
IRS990ScheduleD/TotalLiabilityAmt0142625
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0681718
IRS990/TotalAssetsEOYAmt0650046
IRS990/TotalAssetsGrp/BOYAmt0681718
IRS990/TotalAssetsGrp/EOYAmt0650046
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0378838
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt090530
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0335724
IRS990/TotalFunctionalExpensesGrp/TotalAmt0426254
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0866658
IRS990/TotalLiabilitiesEOYAmt0810005
IRS990/TotalLiabilitiesGrp/BOYAmt0866658
IRS990/TotalLiabilitiesGrp/EOYAmt0810005
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-184940
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-159959
IRS990/TotalProgramServiceExpensesAmt0335724
IRS990/TotalProgramServiceRevenueAmt072200
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt072397
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0451235
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0681718
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0650046
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-184940
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-159959
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BERT LOE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGEMENT AGENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-08
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/PreparerFirmEIN0721400461
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/PreparerPersonNm0JAMES J CUTHBERT
ReturnHeader/ReturnTs02018-08-08T13:56:42-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$650,046
Liabilities
$810,005
Net assets
-$159,959
Revenue
$451,235
Expenses
$426,254
Net income
$24,981
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