Civic Intelligence

Madison Community Apartments Inc

990 • Fiscal year 2022 • EIN 72-0719265

Jul 01, 2021 to Jun 30, 2022 • Filed on Aug 10, 2022

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

98th percentile

1.44x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

1.85x

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

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Asset Growth

43rd percentile

-0.6%

Faster asset growth than 43% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

-0.7%

Faster revenue growth than 37% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$606,786

Down $3,823 (-0.6%) from 2021

Net Assets

Down

-$269,359

Down $67,359 (-33%) from 2021

Liabilities

Up

$876,145

Up $63,536 (+7.8%) from 2021

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin19th percentile

Revenue

Down

$473,092

Down $3,365 (-0.7%) from 2021

Expenses

Up

$540,451

Up $33,171 (+6.5%) from 2021

Net Income

Down

-$67,359

Down $36,536 (-119%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2022

Assets$606,786
Liabilities$876,145
Net Assets-$269,359
Open 2022 Filing

Operations Trend

Revenue Growth37th 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

2022

Revenue$473,092
Expenses$540,451
Net Income-$67,359
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Aug 10, 2022
Return Version
2021v4.0
Gross Receipts
$473,092
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$412,609$380,832▼ $31,777
Cash and Non-Interest-Bearing Accounts$2,391$19,773▲ $17,382
Prepaid Expenses and Deferred Charges$55,227$13,467▼ $41,760
Accounts Receivable$4,176$3,013▼ $1,163
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$610,609$606,786▼ $3,823
Other Assets Total$136,206$189,701▲ $53,495
Liabilities
Mortgage Notes Payable Secured by Investment Property$610,798$610,798→ $0
Other Liabilities$168,684$165,426▼ $3,258
Accounts Payable and Accrued Expenses$33,013$99,724▲ $66,711
Deferred Revenue$114$197▲ $83
Total Liabilities$812,609$876,145▲ $63,536
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-202,000$-269,359▼ $67,359
Total Net Assets Fund Balance$-202,000$-269,359▼ $67,359
Total Liabilities and Net Assets / Fund Balance$610,609$606,786▼ $3,823

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$352,529$1,212,459$1,564,988
Equipment$16,124$106,570$122,694
Other Land Buildings-$12,701$12,701
Land$12,179-$12,179
Other Assets Org$660--
Compensation and Service Providers
Top Officer Pay71st percentile

Board Members and Trustees

NameTitle
Anthony BrigewaterDirector
Jann BuchananDirector
Will StatenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$410,469
Program Service Revenue
$62,425
Investment Income
$198
Other Revenue
$0
All Other Contributions
$1,197
Change in Net Assets
$-67,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$425,325
Salaries, Compensation, and Employee Benefits$115,126
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$95,819--$95,819
Other Salaries and Wages$58,308$33,615-$91,923
Insurance$73,576--$73,576
Depreciation Depletion$31,777--$31,777
Fees for Services Management-$30,447-$30,447
Other Employee Benefits$16,434--$16,434
Other Expenses$11,912$9,514-$9,514
All Other Expenses$8,483--$8,483
Fees for Services Accounting-$8,265-$8,265
Payroll Taxes$6,769--$6,769
Interest$6,249--$6,249
Fees for Services Legal-$1,400-$1,400
Advertising-$423-$423
Total Functional Expenses$439,407$101,044$0$540,451
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$159,213
Tenant Security Deposits$6,213
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 35% controlled entity
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
2022-08-10
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
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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/Desc1TENANT SECURITY DEPOSITS
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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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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0BERT LOE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGEMENT AGENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON COMMUNITY APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0MADI
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Johnson Perry Roussel & Cuthbert LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03007 Armand Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Monroe
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071201
ReturnHeader/PreparerPersonGrp/PhoneNum03183225156
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES J CUTHBERT
ReturnHeader/ReturnTs02022-08-10T05:46:32-07:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$606,786
Liabilities
$876,145
Net assets
-$269,359
Revenue
$473,092
Expenses
$540,451
Net income
-$67,359
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