Civic Intelligence

Morse Elderly Housing Corporation

990 • Fiscal year 2014 • EIN 72-1346884

Apr 01, 2013 to Mar 31, 2014 • Filed on Jul 29, 2014

1580 Sawgrass Corporate ParkwayRoom/Suite 21033323

(954) 835-9200

Siviq Scores

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

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

68th percentile

0.14x

Higher debt load relative to revenue than 68% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

64th percentile

9.1%

Higher net margin than 64% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

97th percentile

$238,288

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 118.3% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

43rd percentile

0.3%

Faster asset growth than 43% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$915,780

Up $2,652 (+0.3%) from 2013

Net Assets

Up

$886,796

Up $18,375 (+2.1%) from 2013

Liabilities

Down

$28,984

Down $15,723 (-35%) from 2013

Revenue

$201,501

No earlier filing loaded for comparison.

Expenses

Down

$183,126

Down $206,096 (-53%) from 2013

Net Income

$18,375

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $878,262Liabilities 2011: $53,500Net Assets 2011: $824,7622011Assets 2012: $854,363Liabilities 2012: $15,615Net Assets 2012: $838,7482012Assets 2013: $913,128Liabilities 2013: $44,707Net Assets 2013: $868,4212013Assets 2014: $915,780Liabilities 2014: $28,984Net Assets 2014: $886,7962014Assets 2015: $908,986Liabilities 2015: $27,305Net Assets 2015: $881,6812015Assets 2016: $877,098Liabilities 2016: $24,000Net Assets 2016: $853,0982016Assets 2017: $850,750Liabilities 2017: $15,264Net Assets 2017: $835,4862017Assets 2018: $814,612Liabilities 2018: $18,408Net Assets 2018: $796,2042018Assets 2019: $784,131Liabilities 2019: $67,739Net Assets 2019: $716,3922019Assets 2020: $762,592Liabilities 2020: $121,288Net Assets 2020: $641,3042020Assets 2021: $729,378Liabilities 2021: $123,737Net Assets 2021: $605,6412021Assets 2022: $674,688Liabilities 2022: $113,604Net Assets 2022: $561,0842022Assets 2023: $654,686Liabilities 2023: $129,496Net Assets 2023: $525,1902023Assets 2024: $634,061Liabilities 2024: $177,886Net Assets 2024: $456,1752024Assets 2025: $618,378Liabilities 2025: $259,021Net Assets 2025: $359,3572025

Highlighted filing

2014

Assets$915,780
Liabilities$28,984
Net Assets$886,796

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $119,9592011Expenses 2012: $121,8372012Expenses 2013: $389,2222013Revenue 2014: $201,501Expenses 2014: $183,126Net Income 2014: $18,3752014Revenue 2015: $196,064Expenses 2015: $201,179Net Income 2015: -$5,1152015Revenue 2016: $167,675Expenses 2016: $196,636Net Income 2016: -$28,9612016Revenue 2017: $181,652Expenses 2017: $199,188Net Income 2017: -$17,5362017Revenue 2018: $179,948Expenses 2018: $219,216Net Income 2018: -$39,2682018Revenue 2019: $156,155Expenses 2019: $236,555Net Income 2019: -$80,4002019Revenue 2020: $145,605Expenses 2020: $221,940Net Income 2020: -$76,3352020Revenue 2021: $188,658Expenses 2021: $224,380Net Income 2021: -$35,7222021Revenue 2022: $203,044Expenses 2022: $220,287Net Income 2022: -$17,2432022Revenue 2023: $186,924Expenses 2023: $222,818Net Income 2023: -$35,8942023Revenue 2024: $191,793Expenses 2024: $261,341Net Income 2024: -$69,5482024Revenue 2025: $177,756Expenses 2025: $275,273Net Income 2025: -$97,5172025

Highlighted filing

2014

Revenue$201,501
Expenses$183,126
Net Income$18,375
Jump To
Filing Snapshot
Filing Period
Apr 1, 2013 to Mar 31, 2014
Signed
Jul 29, 2014
Return Version
2013v3.1
Gross Receipts
$201,501
Mission and Program Overview

Mission

Oper. Of low income housing for the elderly and handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$821,360$821,134▼ $226
Savings and Temporary Cash Investments$73,941$68,704▼ $5,237
Cash and Non-Interest-Bearing Accounts$9,800$18,012▲ $8,212
Prepaid Expenses and Deferred Charges$1,359$1,427▲ $68
Accounts Receivable$575$1,337▲ $762
Total Assets$913,128$915,780▲ $2,652
Other Assets Total$6,093$5,166▼ $927
Liabilities
Accounts Payable and Accrued Expenses$39,405$24,103▼ $15,302
Other Liabilities$5,020$4,363▼ $657
Deferred Revenue$282$518▲ $236
Total Liabilities$44,707$28,984▼ $15,723
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,083,400$1,083,400→ $0
Unrestricted Net Assets$-214,979$-196,604▲ $18,375
Total Net Assets Fund Balance$868,421$886,796▲ $18,375
Total Liabilities and Net Assets / Fund Balance$913,128$915,780▲ $2,652

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$783,242$399,904$1,183,146
Equipment$909$22,541$23,450
Land$17,159-$17,159
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Morton BahrPresidentPT$45,000$45,000

Board Members and Trustees

NameTitle
Edward RomeroDirector
John OlsenDirector
Steve ProtulisDirector
Maria C CordoneSecretary
Erica SchmelzerTreasurer
Tony FransettaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$201,185
Investment Income
$316
Other Revenue
$0
Change in Net Assets
$18,375

Audited Revenue Reconciliation

Revenue per Audited Statements
$201,501
Total Revenue per Audited Statements
$201,501
Total Revenue per Form 990
$201,501
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,986
Salaries, Compensation, and Employee Benefits$52,140
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$34,722--$34,722
Other Salaries and Wages$33,375--$33,375
Office Expenses$16,552--$16,552
Other Employee Benefits$16,209--$16,209
Fees for Services Management$13,916--$13,916
Occupancy$9,800--$9,800
Insurance$7,270$15-$7,285
Fees for Services Accounting$5,054$562-$5,616
All Other Expenses$3,584--$3,584
Other Expenses$3,176--$3,176
Payroll Taxes$2,556--$2,556
Conferences and Meetings$577--$577
Fees for Services Legal$243$27-$270
Advertising$213--$213
Total Functional Expenses$182,522$604$0$183,126

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$183,126
Total Expenses per Audited Statements$183,126
Total Expenses per Form 990$183,126
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 Deposits Held in Trust$4,363
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Management is provided by elderly housing development & operations corporation (ehdoc).

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

Compliance is monitored and enforced by requiring that key employees sign a form 2530, which includes a conflict of interest statement.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

EIN
72-1346884
Phone
9548359200

Signing Officer

Name
Elena Ripley
Title
Controller
Phone
9548359200
Signed
2014-07-29
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
7
Independent Board Members
5
Employees
4

Preparer

Preparer
Stephen Wood
Phone
9548387000
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Operation of low income for the elderly and handicapped. Regulated and assisted by the department of housing and urban development (hud).

Form 990, Part XI, Line 9

ROUNDING 0

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

ROUNDING 0

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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01183146
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEVE PROTULIS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0238288
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATION OF LOW INCOME FOR THE ELDERLY AND HANDICAPPED. REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT IS PROVIDED BY ELDERLY HOUSING DEVELOPMENT & OPERATIONS CORPORATION (EHDOC).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPLIANCE IS MONITORED AND ENFORCED BY REQUIRING THAT KEY EMPLOYEES SIGN A FORM 2530, WHICH INCLUDES A CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0913128
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IRS990/TotalCompGreaterThan150KInd0true
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0182522
IRS990/TotalFunctionalExpensesGrp/TotalAmt0183126
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt044707
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IRS990/TotalLiabilitiesGrp/BOYAmt044707
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0868421
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0886796
IRS990/TotalOtherProgSrvcExpenseAmt0182522
IRS990/TotalProgramServiceExpensesAmt0182522
IRS990/TotalProgramServiceRevenueAmt0201185
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0201501
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0201501
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0915780
IRS990/TotReportableCompRltdOrgAmt0283288
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-214979
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-196604
IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0WWW.EHDOC.ORG
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.18$2.59$3.59$1.78$2.75$0.98
2024Detailed filing. Detailed filing data is available for this year.$6.34$1.78$4.56$1.92$2.61$0.70
2023Detailed filing. Detailed filing data is available for this year.$6.55$1.29$5.25$1.87$2.23$0.36
2022Detailed filing. Detailed filing data is available for this year.$6.75$1.14$5.61$2.03$2.20$0.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.29$1.24$6.06$1.89$2.24$0.36
2020Detailed filing. Detailed filing data is available for this year.$7.63$1.21$6.41$1.46$2.22$0.76
2019Detailed filing. Detailed filing data is available for this year.$7.84$0.68$7.16$1.56$2.37$0.80
2018Detailed filing. Detailed filing data is available for this year.$8.15$0.18$7.96$1.80$2.19$0.39
2017Detailed filing. Detailed filing data is available for this year.$8.51$0.15$8.35$1.82$1.99$0.18
2016Detailed filing. Detailed filing data is available for this year.$8.77$0.24$8.53$1.68$1.97$0.29
2015Detailed filing. Detailed filing data is available for this year.$9.09$0.27$8.82$1.96$2.01$0.05
2014Detailed filing. Detailed filing data is available for this year.$9.16$0.29$8.87$2.02$1.83$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.13$0.45$8.68$3.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.54$0.16$8.39$1.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.78$0.54$8.25$1.20
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $500k-$1M nonprofits