Civic Intelligence

Passman Plaza II Inc

EIN 72-1326307 • 501(c)3 • Monroe, LA

Profile

This organization operates 39 units of government assisted housing for the elderly and handicapped in carrying out its exempt purpose.

300 Harrison StreetMonroe, LA 71201
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.65x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

98th percentile

9.98x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

10th percentile

-33%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

17th percentile

-8.0%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

69th percentile

20%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,292,201

Down $111,698 (-8.0%) from 2024

Liabilities

Down

$2,127,540

Down $41,322 (-1.9%) from 2024

Net Assets

Down

-$835,339

Down $70,376 (-9.2%) from 2024

Revenue

Up

$213,137

Up $35,861 (+20%) from 2024

Expenses

Up

$283,513

Up $13,317 (+4.9%) from 2024

Net Income

Up

-$70,376

Up $22,544 (+24%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,823,193Liabilities 2011: $2,013,664Net Assets 2011: -$190,4712011Assets 2012: $1,821,320Liabilities 2012: $2,010,806Net Assets 2012: -$189,4862012Assets 2013: $1,806,042Liabilities 2013: $2,012,344Net Assets 2013: -$206,3022013Assets 2014: $1,775,867Liabilities 2014: $2,019,197Net Assets 2014: -$243,3302014Assets 2015: $1,759,675Liabilities 2015: $2,013,593Net Assets 2015: -$253,9182015Assets 2016: $1,736,519Liabilities 2016: $2,017,058Net Assets 2016: -$280,5392016Assets 2017: $1,716,735Liabilities 2017: $2,012,251Net Assets 2017: -$295,5162017Assets 2018: $1,736,570Liabilities 2018: $2,095,593Net Assets 2018: -$359,0232018Assets 2019: $1,634,653Liabilities 2019: $2,068,231Net Assets 2019: -$433,5782019Assets 2020: $1,608,674Liabilities 2020: $2,080,631Net Assets 2020: -$471,9572020Assets 2021: $1,586,406Liabilities 2021: $2,100,418Net Assets 2021: -$514,0122021Assets 2022: $1,548,476Liabilities 2022: $2,138,072Net Assets 2022: -$589,5962022Assets 2023: $1,509,521Liabilities 2023: $2,181,564Net Assets 2023: -$672,0432023Assets 2024: $1,403,899Liabilities 2024: $2,168,862Net Assets 2024: -$764,9632024Assets 2025: $1,292,201Liabilities 2025: $2,127,540Net Assets 2025: -$835,3392025

Highlighted filing

2025

Assets$1,292,201
Liabilities$2,127,540
Net Assets-$835,339

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2011: $289,635Expenses 2011: $393,798Net Income 2011: -$104,1632011Revenue 2012: $151,186Expenses 2012: $150,201Net Income 2012: $9852012Revenue 2013: $150,625Expenses 2013: $167,441Net Income 2013: -$16,8162013Revenue 2014: $149,389Expenses 2014: $186,417Net Income 2014: -$37,0282014Revenue 2015: $151,203Expenses 2015: $161,791Net Income 2015: -$10,5882015Revenue 2016: $149,962Expenses 2016: $176,583Net Income 2016: -$26,6212016Revenue 2017: $149,962Expenses 2017: $164,939Net Income 2017: -$14,9772017Revenue 2018: $118,589Expenses 2018: $182,096Net Income 2018: -$63,5072018Revenue 2019: $147,548Expenses 2019: $222,103Net Income 2019: -$74,5552019Revenue 2020: $145,908Expenses 2020: $184,287Net Income 2020: -$38,3792020Revenue 2021: $143,160Expenses 2021: $185,215Net Income 2021: -$42,0552021Revenue 2022: $147,712Expenses 2022: $223,296Net Income 2022: -$75,5842022Revenue 2023: $146,237Expenses 2023: $228,684Net Income 2023: -$82,4472023Revenue 2024: $177,276Expenses 2024: $270,196Net Income 2024: -$92,9202024Revenue 2025: $213,137Expenses 2025: $283,513Net Income 2025: -$70,3762025

Highlighted filing

2025

Revenue$213,137
Expenses$283,513
Net Income-$70,376

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.29$2.13$0.84$0.21$0.28$0.07
2024Detailed filing. Detailed filing data is available for this year.$1.40$2.17$0.76$0.18$0.27$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.51$2.18$0.67$0.15$0.23$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.55$2.14$0.59$0.15$0.22$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.59$2.10$0.51$0.14$0.19$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.61$2.08$0.47$0.15$0.18$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.63$2.07$0.43$0.15$0.22$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.74$2.10$0.36$0.12$0.18$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.72$2.01$0.30$0.15$0.16$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.74$2.02$0.28$0.15$0.18$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.76$2.01$0.25$0.15$0.16$0.01
2014Summary only. Only limited summary data is available for this year.$1.78$2.02$0.24$0.15$0.19$0.04
2013Summary only. Only limited summary data is available for this year.$1.81$2.01$0.21$0.15$0.17$0.02
2012Summary only. Only limited summary data is available for this year.$1.82$2.01$0.19$0.15$0.15$0.00
2011Summary only. Only limited summary data is available for this year.$1.82$2.01$0.19$0.29$0.39$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 15, 2026
Return Version
2024v5.0
Gross Receipts
$213,137
Mission and Program Overview

Mission

This organization operates 39 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$817,844$764,764▼ $53,080
Savings and Temporary Cash Investments$532,907$464,248▼ $68,659
Prepaid Expenses and Deferred Charges$26,567$24,500▼ $2,067
Cash and Non-Interest-Bearing Accounts$2,151$20,215▲ $18,064
Accounts Receivable$7,686$190▼ $7,496
Rtn Earn Endowment Incm Other Fnds$-764,963$-835,339▼ $70,376
Total Assets$1,403,899$1,292,201▼ $111,698
Other Assets Total$16,744$18,284▲ $1,540
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,997,500$1,997,500→ $0
Other Liabilities$165,316$128,750▼ $36,566
Accounts Payable and Accrued Expenses$6,046$1,290▼ $4,756
Total Liabilities$2,168,862$2,127,540▼ $41,322
Net Assets / Fund Balance
Total Net Assets Fund Balance$-764,963$-835,339▼ $70,376
Total Liabilities and Net Assets / Fund Balance$1,403,899$1,292,201▼ $111,698

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$630,591$1,230,104$1,860,695
Land$130,000-$130,000
Other Land Buildings$3,751$75,021$78,772
Equipment$422$28,346$28,768
Compensation and Service Providers

Board Members and Trustees

NameTitle
Loretta HudsonPresident
Ashley Doughty AbleBoard Member
Brandon WelchBoard Member
Gladys Smith-cowardBoard Member
Hal HinchcliffeBoard Member
Joe FarrBoard Member
Myra GatlingBoard Member
Pastor Montrll BradleyBoard Member
Patricia GixBoard Member
Cheryl FarmerSecretary-tr
Janet S DurdenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$211,249
Investment Income
$1,888
Other Revenue
$0
Change in Net Assets
$-70,376

Audited Revenue Reconciliation

Revenue per Audited Statements
$213,137
Total Revenue per Audited Statements
$213,137
Total Revenue per Form 990
$213,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$210,053
Salaries, Compensation, and Employee Benefits$73,460
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$45,512$8,607-$54,119
Depreciation Depletion$53,078--$53,078
Occupancy$49,590--$49,590
Other Employee Benefits$9,979--$9,979
Fees for Services Accounting-$9,358-$9,358
All Other Expenses$6,400--$6,400
Pension Plan Contributions$5,320--$5,320
Payroll Taxes$4,042--$4,042
Other Expenses$2,743$18,084-$2,743
Travel$1,014--$1,014
Total Functional Expenses$247,464$36,049$0$283,513

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$283,513
Total Expenses per Audited Statements$283,513
Total Expenses per Form 990$283,513
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
Due to General Fund$117,321
Tenant Deposits Held in Trust$11,429
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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 990 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 Ii Inc
EIN
72-1326307
Phone
3183881500
Address
300 HARRISON STREET, MONROE, LA 71201

Signing Officer

Name
Cheryl Farmer
Title
Secretary-treasurer
Phone
3183881500
Signed
2026-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet S Durden
Formed
1996
Legal Domicile
La
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Little & Associates
Address
805 N 31ST ST, MONROE, LA 71201
Preparer
Angela J Bryan CPA
Phone
3183619600
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IRS990/PYInvestmentIncomeAmt04350
IRS990/PYOtherExpensesAmt0203924
IRS990/PYProgramServiceRevenueAmt0172926
IRS990/PYRevenuesLessExpensesAmt0-92920
IRS990/PYSalariesCompEmpBnftPaidAmt066272
IRS990/PYTotalExpensesAmt0270196
IRS990/PYTotalRevenueAmt0177276
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-70376
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0211249
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-764963
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-835339
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0532907
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0464248
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt095781
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt063652
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt023069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt031413
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt037372
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0251287
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01888
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04350
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03115
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0804
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01282
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011439
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0816083
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95650
IRS990ScheduleA/PublicSupportPY170Pct00.94760
IRS990ScheduleA/PublicSupportTotal170Amt0251287
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt095781
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt063652
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt023069
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt031413
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt037372
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0251287
IRS990ScheduleA/TotalSupportAmt0262726
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0630591
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01230104
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01860695
IRS990ScheduleD/EquipmentGrp/BookValueAmt0422
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028346
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028768
IRS990ScheduleD/ExpensesSubtotalAmt0283513
IRS990ScheduleD/LandGrp/BookValueAmt0130000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0130000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03751
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt075021
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt078772
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0117321
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111429
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO GENERAL FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/RevenueSubtotalAmt0213137
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0764764
IRS990ScheduleD/TotalExpensesPerForm990Amt0283513
IRS990ScheduleD/TotalLiabilityAmt0128750
IRS990ScheduleD/TotalRevenuePerForm990Amt0213137
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0213137
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0283513
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS REVIEW FORM 990 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01403899
IRS990/TotalAssetsEOYAmt01292201
IRS990/TotalAssetsGrp/BOYAmt01403899
IRS990/TotalAssetsGrp/EOYAmt01292201
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036049
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0247464
IRS990/TotalFunctionalExpensesGrp/TotalAmt0283513
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02168862
IRS990/TotalLiabilitiesEOYAmt02127540
IRS990/TotalLiabilitiesGrp/BOYAmt02168862
IRS990/TotalLiabilitiesGrp/EOYAmt02127540
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-764963
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-835339
IRS990/TotalProgramServiceExpensesAmt0247464
IRS990/TotalProgramServiceRevenueAmt0211249
IRS990/TotalRevenueGrp/ExclusionAmt01888
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0211249
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213137
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01403899
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01292201
IRS990/TravelGrp/ProgramServicesAmt01014
IRS990/TravelGrp/TotalAmt01014
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHERYL FARMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY-TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03183881500
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PASSMAN PLAZA II INC
ReturnHeader/Filer/BusinessNameControlTxt0PASS
ReturnHeader/Filer/EIN0721326307
ReturnHeader/Filer/PhoneNum03183881500
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 HARRISON STREET
ReturnHeader/Filer/USAddress/CityNm0MONROE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071201
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02026-01-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANGELA J BRYAN CPA
ReturnHeader/ReturnTs02026-01-21T10:56:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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