Civic Intelligence

Burroughs Manor Incorporated

990 • Fiscal year 2023 • EIN 73-1124865

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 26, 2024

398060 W 2200 RdBartlesville, OK 74006

(918) 333-2244

Siviq Scores

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

Liabilities / Assets

98th percentile

2.21x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

2.97x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

35th percentile

-2.5%

Higher net margin than 35% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

22nd percentile

-7.0%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

34th percentile

-2.1%

Faster revenue growth than 34% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$526,747

Down $39,699 (-7.0%) from 2022

Net Assets

Down

-$637,500

Down $9,867 (-1.6%) from 2022

Liabilities

Down

$1,164,247

Down $29,832 (-2.5%) from 2022

Revenue

Down

$391,418

Down $8,585 (-2.1%) from 2022

Expenses

Down

$401,285

Down $39,415 (-8.9%) from 2022

Net Income

Up

-$9,867

Up $30,830 (+76%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $468,849Liabilities 2011: $895,286Net Assets 2011: -$426,4372011Assets 2012: $435,703Liabilities 2012: $851,839Net Assets 2012: -$416,1362012Assets 2013: $1,152,144Liabilities 2013: $1,568,240Net Assets 2013: -$416,0962013Assets 2014: $1,096,053Liabilities 2014: $1,543,297Net Assets 2014: -$447,2442014Assets 2015: $1,054,135Liabilities 2015: $1,518,578Net Assets 2015: -$464,4432015Assets 2016: $1,011,629Liabilities 2016: $1,497,953Net Assets 2016: -$486,3242016Assets 2017: $958,093Liabilities 2017: $1,475,236Net Assets 2017: -$517,1432017Assets 2018: $900,073Liabilities 2018: $1,460,904Net Assets 2018: -$560,8312018Assets 2019: $639,592Liabilities 2019: $1,266,155Net Assets 2019: -$626,5632019Assets 2020: $651,087Liabilities 2020: $1,276,154Net Assets 2020: -$625,0672020Assets 2021: $641,585Liabilities 2021: $1,228,521Net Assets 2021: -$586,9362021Assets 2022: $566,446Liabilities 2022: $1,194,079Net Assets 2022: -$627,6332022Assets 2023: $526,747Liabilities 2023: $1,164,247Net Assets 2023: -$637,5002023Assets 2024: $2,406,834Liabilities 2024: $2,952,729Net Assets 2024: -$545,8952024Assets 2025: $1,632,388Liabilities 2025: $2,371,350Net Assets 2025: -$738,9622025

Highlighted filing

2023

Assets$526,747
Liabilities$1,164,247
Net Assets-$637,500

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $359,925Expenses 2011: $370,122Net Income 2011: -$10,1972011Revenue 2012: $342,051Expenses 2012: $331,749Net Income 2012: $10,3022012Revenue 2013: $343,283Expenses 2013: $343,243Net Income 2013: $402013Revenue 2014: $335,334Expenses 2014: $366,481Net Income 2014: -$31,1472014Revenue 2015: $363,359Expenses 2015: $380,558Net Income 2015: -$17,1992015Revenue 2016: $370,322Expenses 2016: $390,679Net Income 2016: -$20,3572016Revenue 2017: $366,761Expenses 2017: $397,580Net Income 2017: -$30,8192017Revenue 2018: $373,312Expenses 2018: $417,001Net Income 2018: -$43,6892018Revenue 2019: $360,700Expenses 2019: $426,432Net Income 2019: -$65,7322019Revenue 2020: $367,600Expenses 2020: $366,104Net Income 2020: $1,4962020Revenue 2021: $389,708Expenses 2021: $351,577Net Income 2021: $38,1312021Revenue 2022: $400,003Expenses 2022: $440,700Net Income 2022: -$40,6972022Revenue 2023: $391,418Expenses 2023: $401,285Net Income 2023: -$9,8672023Revenue 2024: $479,164Expenses 2024: $387,559Net Income 2024: $91,6052024Revenue 2025: $148,281Expenses 2025: $341,348Net Income 2025: -$193,0672025

Highlighted filing

2023

Revenue$391,418
Expenses$401,285
Net Income-$9,867
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 26, 2024
Return Version
2023v5.0
Gross Receipts
$391,418
Mission and Program Overview

Mission

The 50-unit residential complex provides affordable housing for elderly residents residing in vinita, oklahoma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$341,524$313,847▼ $27,677
Prepaid Expenses and Deferred Charges$15,368$16,453▲ $1,085
Cash and Non-Interest-Bearing Accounts$3,441$7,650▲ $4,209
Accounts Receivable$2,003$2,326▲ $323
Total Assets$566,446$526,747▼ $39,699
Other Assets Total$204,110$186,471▼ $17,639
Liabilities
Other Liabilities$1,178,372$1,149,347▼ $29,025
Accounts Payable and Accrued Expenses$15,517$14,831▼ $686
Deferred Revenue$190$69▼ $121
Total Liabilities$1,194,079$1,164,247▼ $29,832
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-627,633$-637,500▼ $9,867
Total Net Assets Fund Balance$-627,633$-637,500▼ $9,867
Total Liabilities and Net Assets / Fund Balance$566,446$526,747▼ $39,699

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$238,260$1,268,682$1,506,942
Equipment$75,587$151,472$227,059
Other Assets Org$14,234--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim RatcliffPresident
Liz LoganSecretary
Sarah BruceVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$389,962
Investment Income
$1,451
Other Revenue
$5
Change in Net Assets
$-9,867

Audited Revenue Reconciliation

Revenue per Audited Statements
$391,418
Total Revenue per Audited Statements
$391,418
Total Revenue per Form 990
$391,418
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$401,285
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
Depreciation Depletion$58,823--$58,823
All Other Expenses$41,913$10,000-$51,913
Occupancy$42,977--$42,977
Interest$40,865--$40,865
Insurance$21,628--$21,628
Office Expenses$14,715--$14,715
Other Expenses$7,924$28,936-$7,924
Fees for Services Accounting-$4,800-$4,800
Advertising$2,694--$2,694
Total Functional Expenses$357,549$43,736$0$401,285

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$401,285
Total Expenses per Audited Statements$401,285
Total Expenses per Form 990$401,285
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
Mortgage Payable$1,245,221
Current Portion of Long-term Debt$36,845
Tenant Security Deposits$16,799
Unamortized Debt Issuance Costs$-149,518
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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, Page 6, Part VI, Line 3

Gorman management company bartlesville, ok

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

Copy of the return and the audit are presented to the board at the same meeting.

Form 990, Page 6, Part VI, Line 19

Documents are available by electronic transmission or in-person review upon written request and advance notification.

Filing and Contact Details

Filer

Filer Name
Burroughs Manor Inc
EIN
73-1124865
Phone
9183332244
Address
398060 W 2200 RD, BARTLESVILLE, OK 74006

Signing Officer

Name
Tom Gorman
Title
Management Agent
Phone
9183332244
Signed
2024-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Ratcliff
Formed
1981
Legal Domicile
Ok
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Stotts Archambo Mueggenborg & Barclay Pc
Address
302 SE OSAGE AVE, BARTLESVILLE, OK 74003-3931
Preparer
Jim G Nichols
Phone
9183360008
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Exterminating 7,052 0 0 auditing fees 0 6,400 0 mip insurance 5,857 0 0 misc. Administrative 5,694 0 0 trash removal 4,737 0 0 elevator maintenance 4,457 0 0 contracts 4,112 0 0 non-profit add-on fees 0 3,600 0 security 3,420 0 0 legal fees 2,121 0 0 bad debt expense 1,472 0 0 tenant workshop expenses 1,056 0 0 d&o insurance 800 0 0 furniture & equip rental 565 0 0 misc. Taxes and insurance 423 0 0 snow removal 98 0 0 fidelity bond 49 0 0 total 41,913 10,000 0

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IRS990ScheduleA/Total509Grp/TotalAmt01899747
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0391418
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0400003
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0389708
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0367600
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0360700
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01909429
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0238260
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01268682
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01506942
IRS990ScheduleD/EquipmentGrp/BookValueAmt075587
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0151472
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0227059
IRS990ScheduleD/ExpensesSubtotalAmt0401285
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt095083
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt132000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt223679
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt321475
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt414234
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INS, AUDIT FEES & CAPITAL NEEDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4MORTGAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01245221
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt136845
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt216799
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3-149518
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CURRENT PORTION OF LONG-TERM DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3UNAMORTIZED DEBT ISSUANCE COSTS
IRS990ScheduleD/RevenueSubtotalAmt0391418
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0313847
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0186471
IRS990ScheduleD/TotalExpensesPerForm990Amt0401285
IRS990ScheduleD/TotalLiabilityAmt01149347
IRS990ScheduleD/TotalRevenuePerForm990Amt0391418
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0391418
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0401285
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GORMAN MANAGEMENT COMPANY BARTLESVILLE, OK
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF THE RETURN AND THE AUDIT ARE PRESENTED TO THE BOARD AT THE SAME MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE BY ELECTRONIC TRANSMISSION OR IN-PERSON REVIEW UPON WRITTEN REQUEST AND ADVANCE NOTIFICATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXTERMINATING 7,052 0 0 AUDITING FEES 0 6,400 0 MIP INSURANCE 5,857 0 0 MISC. ADMINISTRATIVE 5,694 0 0 TRASH REMOVAL 4,737 0 0 ELEVATOR MAINTENANCE 4,457 0 0 CONTRACTS 4,112 0 0 NON-PROFIT ADD-ON FEES 0 3,600 0 SECURITY 3,420 0 0 LEGAL FEES 2,121 0 0 BAD DEBT EXPENSE 1,472 0 0 TENANT WORKSHOP EXPENSES 1,056 0 0 D&O INSURANCE 800 0 0 FURNITURE & EQUIP RENTAL 565 0 0 MISC. TAXES AND INSURANCE 423 0 0 SNOW REMOVAL 98 0 0 FIDELITY BOND 49 0 0 TOTAL 41,913 10,000 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0566446
IRS990/TotalAssetsEOYAmt0526747
IRS990/TotalAssetsGrp/BOYAmt0566446
IRS990/TotalAssetsGrp/EOYAmt0526747
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043736
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0357549
IRS990/TotalFunctionalExpensesGrp/TotalAmt0401285
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01194079
IRS990/TotalLiabilitiesEOYAmt01164247
IRS990/TotalLiabilitiesGrp/BOYAmt01194079
IRS990/TotalLiabilitiesGrp/EOYAmt01164247
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-627633
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-637500
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01509
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01509
IRS990/TotalProgramServiceExpensesAmt0357549
IRS990/TotalProgramServiceRevenueAmt0389962
IRS990/TotalRevenueGrp/ExclusionAmt01451
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0389967
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0391418
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0566446
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0526747
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM GORMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGEMENT AGENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09183332244
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BURROUGHS MANOR INC
ReturnHeader/Filer/BusinessNameControlTxt0BURR
ReturnHeader/Filer/EIN0731124865
ReturnHeader/Filer/PhoneNum09183332244
ReturnHeader/Filer/USAddress/AddressLine1Txt0398060 W 2200 RD
ReturnHeader/Filer/USAddress/CityNm0BARTLESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074006
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471209122
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STOTTS ARCHAMBO MUEGGENBORG & BARCLAY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0302 SE OSAGE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BARTLESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0740033931
ReturnHeader/PreparerPersonGrp/PhoneNum09183360008
ReturnHeader/PreparerPersonGrp/PreparationDt02024-03-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JIM G NICHOLS
ReturnHeader/ReturnTs02024-03-26T09:54:53-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TOM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GORMAN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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.$1.63$2.37$0.74$0.15$0.34$0.19
2024Detailed filing. Detailed filing data is available for this year.$2.41$2.95$0.55$0.48$0.39$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.53$1.16$0.64$0.39$0.40$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.57$1.19$0.63$0.40$0.44$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.64$1.23$0.59$0.39$0.35$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.65$1.28$0.63$0.37$0.37$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.64$1.27$0.63$0.36$0.43$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.90$1.46$0.56$0.37$0.42$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.96$1.48$0.52$0.37$0.40$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.01$1.50$0.49$0.37$0.39$0.02
2015Summary only. Only limited summary data is available for this year.$1.05$1.52$0.46$0.36$0.38$0.02
2014Summary only. Only limited summary data is available for this year.$1.10$1.54$0.45$0.34$0.37$0.03
2013Summary only. Only limited summary data is available for this year.$1.15$1.57$0.42$0.34$0.34$0.00
2012Summary only. Only limited summary data is available for this year.$0.44$0.85$0.42$0.34$0.33$0.01
2011Summary only. Only limited summary data is available for this year.$0.47$0.90$0.43$0.36$0.37$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • $500k-$1M nonprofits