Civic Intelligence

Lambeth House Inc.

990 • Fiscal year 2015 • EIN 72-1267672

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 05, 2016

150 BroadwayNew Orleans, LA 70118

(504) 865-1960

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.75x

Higher debt load relative to assets than 82% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

6.04x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

34th percentile

$256,622

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

90th percentile

24%

Faster asset growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

20th percentile

-8.2%

Faster revenue growth than 20% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Up

$95,589,585

Up $18,224,516 (+24%) from 2014

Net Assets

Up

$23,583,104

Up $20,725,974 (+725%) from 2014

Liabilities

Down

$72,006,481

Down $2,501,458 (-3.4%) from 2014

Revenue

Down

$11,923,682

Down $1,061,199 (-8.2%) from 2014

Expenses

Down

$8,160,017

Down $566 (-0.0%) from 2014

Net Income

Down

$3,763,665

Down $1,060,633 (-22%) from 2014

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0-$50MAssets 2010: $48,661,589Liabilities 2010: $62,262,550Net Assets 2010: -$13,600,9612010Assets 2011: $53,340,133Liabilities 2011: $62,508,028Net Assets 2011: -$9,167,8952011Assets 2012: $59,883,750Liabilities 2012: $64,280,888Net Assets 2012: -$4,397,1382012Assets 2013: $74,480,682Liabilities 2013: $74,610,542Net Assets 2013: -$129,8602013Assets 2014: $77,365,069Liabilities 2014: $74,507,939Net Assets 2014: $2,857,1302014Assets 2015: $95,589,585Liabilities 2015: $72,006,481Net Assets 2015: $23,583,1042015Assets 2016: $98,706,096Liabilities 2016: $70,106,620Net Assets 2016: $28,599,4762016Assets 2017: $104,557,373Liabilities 2017: $66,438,836Net Assets 2017: $38,118,5372017Assets 2018: $102,609,015Liabilities 2018: $64,049,349Net Assets 2018: $38,559,6662018Assets 2019: $111,596,559Liabilities 2019: $86,622,940Net Assets 2019: $24,973,6192019Assets 2020: $119,985,066Liabilities 2020: $83,140,633Net Assets 2020: $36,844,4332020Assets 2021: $129,720,788Liabilities 2021: $80,883,274Net Assets 2021: $48,837,5142021Assets 2022: $121,992,982Liabilities 2022: $79,283,759Net Assets 2022: $42,709,2232022Assets 2023: $135,572,797Liabilities 2023: $78,566,126Net Assets 2023: $57,006,6712023Assets 2024: $144,633,742Liabilities 2024: $77,315,346Net Assets 2024: $67,318,3962024

Highlighted filing

2015

Assets$95,589,585
Liabilities$72,006,481
Net Assets$23,583,104

Operations Trend

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

$20M$15M$10M$5.0M$0Expenses 2010: $6,779,8512010Expenses 2011: $7,384,7502011Expenses 2012: $6,451,8322012Revenue 2013: $10,620,394Expenses 2013: $7,696,408Net Income 2013: $2,923,9862013Revenue 2014: $12,984,881Expenses 2014: $8,160,583Net Income 2014: $4,824,2982014Revenue 2015: $11,923,682Expenses 2015: $8,160,017Net Income 2015: $3,763,6652015Revenue 2016: $16,248,099Expenses 2016: $8,594,533Net Income 2016: $7,653,5662016Revenue 2017: $14,374,917Expenses 2017: $8,541,248Net Income 2017: $5,833,6692017Revenue 2018: $13,836,849Expenses 2018: $8,869,327Net Income 2018: $4,967,5222018Revenue 2019: $11,804,956Expenses 2019: $8,174,822Net Income 2019: $3,630,1342019Revenue 2020: $10,840,260Expenses 2020: $7,511,991Net Income 2020: $3,328,2692020Revenue 2021: $13,810,082Expenses 2021: $7,228,956Net Income 2021: $6,581,1262021Revenue 2022: $12,888,683Expenses 2022: $7,176,676Net Income 2022: $5,712,0072022Revenue 2023: $11,591,809Expenses 2023: $7,837,620Net Income 2023: $3,754,1892023Revenue 2024: $17,116,993Expenses 2024: $8,209,365Net Income 2024: $8,907,6282024

Highlighted filing

2015

Revenue$11,923,682
Expenses$8,160,017
Net Income$3,763,665
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 5, 2016
Return Version
2015v2.1
Gross Receipts
$29,791,497
Mission and Program Overview

Mission

To own a continuing care retirement community for the aged in new orleans, louisiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$39,162,363$37,213,905▼ $1,948,458
Investments in Publicly Traded Securities$35,032,961$36,382,857▲ $1,349,896
Savings and Temporary Cash Investments$1,075,712$1,399,793▲ $324,081
Prepaid Expenses and Deferred Charges$271,533$270,995▼ $538
Accounts Receivable$137,620$95,752▼ $41,868
Cash and Non-Interest-Bearing Accounts$9,938$10,188▲ $250
Total Assets$77,365,069$95,589,585▲ $18,224,516
Other Assets Total$1,674,942$20,216,095▲ $18,541,153
Liabilities
Other Liabilities$37,414,101$37,464,632▲ $50,531
Mortgage Notes Payable Secured by Investment Property$37,030,414$34,457,378▼ $2,573,036
Accounts Payable and Accrued Expenses$61,679$56,983▼ $4,696
Deferred Revenue$1,745$27,488▲ $25,743
Total Liabilities$74,507,939$72,006,481▼ $2,501,458
Net Assets / Fund Balance
Unrestricted Net Assets$2,470,236$23,583,104▲ $21,112,868
Temporarily Rstr Net Assets$386,894$0▼ $386,894
Total Net Assets Fund Balance$2,857,130$23,583,104▲ $20,725,974
Total Liabilities and Net Assets / Fund Balance$77,365,069$95,589,585▲ $18,224,516

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$29,447,742$19,227,886$48,675,628
Equipment$3,974,612$7,426,608$11,401,220
Land$3,003,316-$3,003,316
Leasehold Improvements$788,235$1,614,309$2,402,544
Other Assets Org$245,300--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Janice J HalesChief Operating Officer$144,403$144,403
Lynn SwetlandChief Financial Officer$129,602$129,602

Board Members and Trustees

NameTitle
George YoungPresident
Janice ParmeleeVice-president
Anne ReddBoard Member
Bryan FitzpatrickBoard Member
Christine Thompson BriedeBoard Member
Herschel L Abbott JrBoard Member
James R Jeter Jr PhdBoard Member
Joseph Dalovisio MdBoard Member
Magdalen Blessey BickfordBoard Member
Mark AdamsBoard Member
Maureen HuguleyBoard Member
Mrs Peggy LabordeBoard Member
Rev Dr Jean MeadeBoard Member
Rev Jay Angerer JrBoard Member
Rosemarie CoffmanBoard Member
The Rev Dr Michael KuhnBoard Member
Scott CrabtreeChief Executive Officer
Christina FaySecretary
Mahlon D SanfordTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Woodward Design And BuildArchitecture And Consulting1000 S JEFFERSON DAVIS PARKWAY, New Orleans, LA 70125$251,310
Revenue and Support

Revenue Composition

Contributions and Grants
$26,814
Program Service Revenue
$10,652,916
Investment Income
$1,102,738
Other Revenue
$141,214
All Other Contributions
$8,250
Change in Net Assets
$3,763,665

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art2$8,000Appraisal
Total Noncash Contributions2$8,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,923,682
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,381,971
Total Revenue per Audited Statements
$10,541,711
Total Revenue per Form 990
$11,923,682
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,160,017
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$4,195,056--$4,195,056
Depreciation Depletion$2,390,555--$2,390,555
Interest$1,070,767--$1,070,767
Insurance$349,492--$349,492
Fees for Service Investment Mgmnt Fees-$87,976-$87,976
Fees for Services Legal-$50,221-$50,221
Fees for Services Accounting-$15,950-$15,950
Total Functional Expenses$8,005,870$154,147$0$8,160,017

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,176,882
Expenses per Audited Statements$8,160,017
Total Expenses per Form 990$8,160,017
Expenses Not Reported on Form 990$16,865
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Fees$32,902,215
Deferred Revenue From Advance Fees$3,626,355
Interest Rate Swap Obligation$456,041
Deposits on Unoccupied Units$418,000
Due to Broadway Services, Inc$62,021
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Lambeth house, inc. Maintains an annually renewable management operating agreement with broadway services, inc whereby bsi assumes responsibility for managing and operating the lambeth house facility, including the provision of certain healthcare and other services to residents. Broadway services, inc compensates all employees of lambeth house, inc., including the compensated officers listed on part vii.

Form 990, Part VI, Section B, Line 11

After the completed 990 is received by the organization, it is reviewed by the entire board independent of management. Any questions or comments are then directed to the president of the board. Upon approval, the form 990 is released for submission to the internal revenue service.

Form 990, Part VI, Section B, Line 12C

A disclosure statement is submitted annually by all executive level employees and all members of the board of trustees to disclose any situations that may give rise to a conflict of interest. The board of trustees shall take such actions as may be reasonably necessary to protect the best interests of the organization.

Form 990, Part VI, Section B, Line 15

The organization has no paid employees. A related entity, broadway services, inc. Compensates all employees, including the compensated officers listed on part vii. The organization establishes compensation using comparable data from similar organizations in similar geographical regions and written employment contracts. Executive compensation is included within the annual budget that is reviewed and approved by the board of lambeth house, inc.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interst policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Lambeth House Inc
EIN
72-1267672
Phone
5048651960
Address
150 BROADWAY, NEW ORLEANS, LA 70118

Signing Officer

Name
Scott Crabtree
Title
Officer
Phone
5048651960
Signed
2016-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Crabtree
Formed
1993
Legal Domicile
La
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
18

Preparer

Firm
Laporte Apac
Address
111 VETERANS MEMORIAL BLVD 600, METAIRIE, LA 70005-4958
Preparer
John S Wiles CPA
Phone
5048355522
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Question 2C

The finance committee is responsible for the oversight of the audit.

Part XI, Line 8

Beginning in 2015, the financial statements are being reported on a consolidated basis rather than a combined basis. Due to this change, beginning net assets were adjusted to reflect an increase of $18,442,819 in the investment in member corporations. The member corporations include broadway services, inc, lambeth house foundation, st. Anna's asylum for the relief of destitute females and helpless children, and episcopal housing for seniors, inc.

Financial Statement Notes

PART III, LINE 4:

Works of art are publicly displayed in resident common living areas. They enhance the beauty of the facility, are enjoyed by the residents and their guests, and contribute to their quality of life.

PART X, LINE 2:

The company follows the provisions of the accounting for uncertainty in income taxes topic of the fasb asc. The company recognizes a threshold and measurement process for financial statement recognition of uncertain tax positions taken or expected to be taken in a tax return. The interpretation also provides guidance on recognition, de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At december 31, 2015 and 2014, the company had no uncertain tax positions. The company's tax filings are subjected to audit by various taxing authorities. The company's open audit periods are 2012 through 2014.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Loss on disposition of fixed assets 16,865.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Loss on disposition of fixed assets 16,865.

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IRS990/Form990PartVIISectionAGrp/PersonNm14CHRISTINA FAY
IRS990/Form990PartVIISectionAGrp/PersonNm15JAMES R JETER JR PHD
IRS990/Form990PartVIISectionAGrp/PersonNm16THE REV DR MICHAEL KUHN
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IRS990/Form990PartVIISectionAGrp/PersonNm19LYNN SWETLAND
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20134907
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IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20CHIEF OPERATING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GainOrLossGrp/SecuritiesAmt0273401
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt018114832
IRS990/GrossReceiptsAmt029791497
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/LandBldgEquipCostOrOtherBssAmt065482708
IRS990/LegalDomicileStateCd0LA
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO OWN A CONTINUING CARE RETIREMENT COMMUNITY FOR THE AGED IN NEW ORLEANS, LOUISIANA.
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IRS990/NoncashContributionsAmt08000
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01674942
IRS990/OtherAssetsTotalGrp/EOYAmt020216095
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IRS990/OtherLiabilitiesGrp/BOYAmt037414101
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
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IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
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IRS990/ReportInvestmentsOtherSecInd00
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IRS990/ReportOtherAssetsInd01
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0320939
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01866593
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01000751
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0855721
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0890389
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0664362
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0650467
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0665951
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03726890
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt010652916
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt010125822
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt09099852
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt08809024
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt010242523
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt048930137
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0855721
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0890389
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0664362
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0650467
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0665951
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03726890
IRS990ScheduleA/InvestmentIncomeCYPct00.06570
IRS990ScheduleA/InvestmentIncomePYPct00.06440

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$145$77.3$67.3$17.1$8.21$8.91
2023Detailed filing. Detailed filing data is available for this year.$136$78.6$57.0$11.6$7.84$3.75
2022Detailed filing. Detailed filing data is available for this year.$122$79.3$42.7$12.9$7.18$5.71
2021Detailed filing. Detailed filing data is available for this year.$130$80.9$48.8$13.8$7.23$6.58
2020Detailed filing. Detailed filing data is available for this year.$120$83.1$36.8$10.8$7.51$3.33
2019Detailed filing. Detailed filing data is available for this year.$112$86.6$25.0$11.8$8.17$3.63
2018Detailed filing. Detailed filing data is available for this year.$103$64.0$38.6$13.8$8.87$4.97
2017Detailed filing. Detailed filing data is available for this year.$105$66.4$38.1$14.4$8.54$5.83
2016Detailed filing. Detailed filing data is available for this year.$98.7$70.1$28.6$16.2$8.59$7.65
2015Detailed filing. Detailed filing data is available for this year.$95.6$72.0$23.6$11.9$8.16$3.76
2014Detailed filing. Detailed filing data is available for this year.$77.4$74.5$2.86$13.0$8.16$4.82
2013Detailed filing. Detailed filing data is available for this year.$74.5$74.6$0.13$10.6$7.70$2.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.9$64.3$4.40$6.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.3$62.5$9.17$7.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.7$62.3$13.6$6.78