Civic Intelligence

Passman Plaza Inc.

990 • Fiscal year 2016 • EIN 72-1291568

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 20, 2017

Organization Profile
300 Harrison StreetMonroe, LA 71201

(318) 388-1500

Siviq Scores

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

Liabilities / Assets

95th percentile

1.27x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

13.95x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

14th percentile

-22%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

36th percentile

-1.9%

Faster asset growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

43rd percentile

0.5%

Faster revenue growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$1,631,476

Down $30,982 (-1.9%) from 2015

Net Assets

Down

-$440,558

Down $32,145 (-7.9%) from 2015

Liabilities

Up

$2,072,034

Up $1,163 (+0.1%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin14th percentile

Revenue

Up

$148,514

Up $759 (+0.5%) from 2015

Expenses

Up

$180,659

Up $23,214 (+15%) from 2015

Net Income

Down

-$32,145

Down $22,455 (-232%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,770,232Liabilities 2011: $2,079,919Net Assets 2011: -$309,6872011Assets 2012: $1,721,722Liabilities 2012: $2,065,001Net Assets 2012: -$343,2792012Assets 2013: $1,707,267Liabilities 2013: $2,065,423Net Assets 2013: -$358,1562013Assets 2014: $1,673,826Liabilities 2014: $2,072,549Net Assets 2014: -$398,7232014Assets 2015: $1,662,458Liabilities 2015: $2,070,871Net Assets 2015: -$408,4132015Assets 2016: $1,631,476Liabilities 2016: $2,072,034Net Assets 2016: -$440,5582016Assets 2017: $1,609,315Liabilities 2017: $2,071,199Net Assets 2017: -$461,8842017Assets 2018: $1,591,187Liabilities 2018: $2,090,042Net Assets 2018: -$498,8552018Assets 2019: $1,558,867Liabilities 2019: $2,116,712Net Assets 2019: -$557,8452019Assets 2020: $1,520,538Liabilities 2020: $2,136,407Net Assets 2020: -$615,8692020Assets 2021: $1,536,489Liabilities 2021: $2,206,776Net Assets 2021: -$670,2872021Assets 2022: $1,503,862Liabilities 2022: $2,227,050Net Assets 2022: -$723,1882022Assets 2023: $1,536,337Liabilities 2023: $2,300,629Net Assets 2023: -$764,2922023Assets 2024: $1,308,470Liabilities 2024: $2,126,015Net Assets 2024: -$817,5452024Assets 2025: $1,234,405Liabilities 2025: $2,113,023Net Assets 2025: -$878,6182025

Highlighted filing

2016

Assets$1,631,476
Liabilities$2,072,034
Net Assets-$440,558
Open 2016 Filing

Operations Trend

Revenue Growth43rd percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $401,140Expenses 2011: $408,293Net Income 2011: -$7,1532011Revenue 2012: $123,163Expenses 2012: $156,755Net Income 2012: -$33,5922012Revenue 2013: $147,728Expenses 2013: $162,605Net Income 2013: -$14,8772013Revenue 2014: $148,731Expenses 2014: $189,298Net Income 2014: -$40,5672014Revenue 2015: $147,755Expenses 2015: $157,445Net Income 2015: -$9,6902015Revenue 2016: $148,514Expenses 2016: $180,659Net Income 2016: -$32,1452016Revenue 2017: $147,661Expenses 2017: $168,987Net Income 2017: -$21,3262017Revenue 2018: $148,483Expenses 2018: $185,454Net Income 2018: -$36,9712018Revenue 2019: $149,196Expenses 2019: $208,186Net Income 2019: -$58,9902019Revenue 2020: $145,023Expenses 2020: $203,047Net Income 2020: -$58,0242020Revenue 2021: $137,568Expenses 2021: $191,986Net Income 2021: -$54,4182021Revenue 2022: $166,879Expenses 2022: $219,780Net Income 2022: -$52,9012022Revenue 2023: $196,977Expenses 2023: $238,081Net Income 2023: -$41,1042023Revenue 2024: $222,010Expenses 2024: $275,263Net Income 2024: -$53,2532024Revenue 2025: $238,373Expenses 2025: $299,446Net Income 2025: -$61,0732025

Highlighted filing

2016

Revenue$148,514
Expenses$180,659
Net Income-$32,145
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 20, 2017
Return Version
2015v3.0
Gross Receipts
$148,514
Mission and Program Overview

Mission

The organization operates 40 units of government assisted housing for the elderly and handicapped in carrying out its exempt purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,267,549$1,219,016▼ $48,533
Savings and Temporary Cash Investments$370,064$400,543▲ $30,479
Cash and Non-Interest-Bearing Accounts$20,225$7,222▼ $13,003
Prepaid Expenses and Deferred Charges$4,553$4,650▲ $97
Accounts Receivable$67$45▼ $22
Rtn Earn Endowment Incm Other Fnds$-408,413$-440,558▼ $32,145
Total Assets$1,662,458$1,631,476▼ $30,982
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,052,000$2,052,000→ $0
Other Liabilities$17,374$14,658▼ $2,716
Accounts Payable and Accrued Expenses$1,484$5,343▲ $3,859
Deferred Revenue$13$33▲ $20
Total Liabilities$2,070,871$2,072,034▲ $1,163
Net Assets / Fund Balance
Total Net Assets Fund Balance$-408,413$-440,558▼ $32,145
Total Liabilities and Net Assets / Fund Balance$1,662,458$1,631,476▼ $30,982

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$956,253$893,000$1,849,253
Land$252,500-$252,500
Other Land Buildings$10,263$54,191$64,454
Equipment-$8,735$8,735
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Joe FarrPresident
Gladys SmithBoard Member
Hal HinchcliffeBoard Member
Isaiah WoodsBoard Member
Jerry BeaneBoard Member
Sharon TaylorBoard Member
Cheryl FarmerSecretary-tr
Linda McgeheeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$148,042
Investment Income
$472
Other Revenue
$0
Change in Net Assets
$-32,145

Audited Revenue Reconciliation

Revenue per Audited Statements
$148,514
Total Revenue per Audited Statements
$148,514
Total Revenue per Form 990
$148,514
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$142,479
Salaries, Compensation, and Employee Benefits$38,180
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$49,475--$49,475
Other Salaries and Wages$10,740$16,803-$27,543
Occupancy$18,497--$18,497
Fees for Services Accounting-$7,910-$7,910
Other Employee Benefits$2,207$3,453-$5,660
Other Expenses$7,462$3,920-$3,920
Pension Plan Contributions$1,148$1,795-$2,943
All Other Expenses$1,950$662-$2,612
Payroll Taxes$793$1,241-$2,034
Advertising$449--$449
Travel-$191-$191
Fees for Services Legal-$18-$18
Total Functional Expenses$144,666$35,993$0$180,659

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$180,659
Total Expenses per Audited Statements$180,659
Total Expenses per Form 990$180,659
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
Tenant Security Deposits$10,498
Due to Passman Plaza Ii$3,334
Due to General Fund$826
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Officers review form before filing with the irs.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Passman Plaza Inc
EIN
72-1291568
Phone
3183881500
Address
300 HARRISON STREET, MONROE, LA 71201

Signing Officer

Name
Cheryl Farmer
Title
Secretary-treasurer
Phone
3183881500
Signed
2017-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Farr
Formed
1994
Legal Domicile
La
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Little & Associates
Address
805 N 31ST ST, MONROE, LA 71201
Preparer
Walter J Ernst Iii CPA
Phone
3183619600
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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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt038496
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt042400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt047407
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt046396
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03565
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0178264
IRS990ScheduleA/TotalSupportAmt0180719
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0956253
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0893000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01849253
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08735
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08735
IRS990ScheduleD/ExpensesSubtotalAmt0180659
IRS990ScheduleD/LandGrp/BookValueAmt0252500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0252500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010263
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt054191
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt064454
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010498
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13334
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2826
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO PASSMAN PLAZA II
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO GENERAL FUND
IRS990ScheduleD/RevenueSubtotalAmt0148514
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01219016
IRS990ScheduleD/TotalExpensesPerForm990Amt0180659
IRS990ScheduleD/TotalLiabilityAmt014658
IRS990ScheduleD/TotalRevenuePerForm990Amt0148514
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0148514
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0180659
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS REVIEW FORM BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01662458
IRS990/TotalAssetsEOYAmt01631476
IRS990/TotalAssetsGrp/BOYAmt01662458
IRS990/TotalAssetsGrp/EOYAmt01631476
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035993
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0144666
IRS990/TotalFunctionalExpensesGrp/TotalAmt0180659
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02070871
IRS990/TotalLiabilitiesEOYAmt02072034
IRS990/TotalLiabilitiesGrp/BOYAmt02070871
IRS990/TotalLiabilitiesGrp/EOYAmt02072034
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-408413
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-440558
IRS990/TotalProgramServiceExpensesAmt0144666
IRS990/TotalProgramServiceRevenueAmt0148042
IRS990/TotalRevenueGrp/ExclusionAmt0472
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0148042
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0148514
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01662458
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01631476
IRS990/TravelGrp/ManagementAndGeneralAmt0191
IRS990/TravelGrp/TotalAmt0191
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHERYL FARMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY-TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03183881500
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PASSMAN PLAZA INC
ReturnHeader/Filer/BusinessNameControlTxt0PASS
ReturnHeader/Filer/EIN0721291568
ReturnHeader/Filer/PhoneNum03183881500
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 HARRISON STREET
ReturnHeader/Filer/USAddress/CityNm0MONROE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071201
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721389444
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LITTLE & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0805 N 31ST ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONROE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071201
ReturnHeader/PreparerPersonGrp/PhoneNum03183619600
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WALTER J ERNST III CPA
ReturnHeader/ReturnTs02017-01-24T14:20:45-06:00
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
$1,631,476
Liabilities
$2,072,034
Net assets
-$440,558
Revenue
$148,514
Expenses
$180,659
Net income
-$32,145
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.23$2.11$0.88$0.24$0.30$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.31$2.13$0.82$0.22$0.28$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.54$2.30$0.76$0.20$0.24$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.50$2.23$0.72$0.17$0.22$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.54$2.21$0.67$0.14$0.19$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.52$2.14$0.62$0.15$0.20$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.56$2.12$0.56$0.15$0.21$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.59$2.09$0.50$0.15$0.19$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.61$2.07$0.46$0.15$0.17$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.63$2.07$0.44$0.15$0.18$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.66$2.07$0.41$0.15$0.16$0.01
2014Summary only. Only limited summary data is available for this year.$1.67$2.07$0.40$0.15$0.19$0.04
2013Summary only. Only limited summary data is available for this year.$1.71$2.07$0.36$0.15$0.16$0.01
2012Summary only. Only limited summary data is available for this year.$1.72$2.07$0.34$0.12$0.16$0.03
2011Summary only. Only limited summary data is available for this year.$1.77$2.08$0.31$0.40$0.41$0.01