Civic Intelligence

Eden Home Inc.

990 • Fiscal year 2015 • EIN 74-1143030

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 27, 2016

631 Lakeview BlvdNew Braunfels, TX 78130

(830) 625-6291

Siviq Scores

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

Liabilities / Assets

95th percentile

1.09x

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

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

Liabilities / Revenue

92nd percentile

4.30x

Higher debt load relative to revenue than 92% of similar nonprofits.

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

Net Margin

7th percentile

-26%

Higher net margin than 7% of similar nonprofits.

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

Top Officer Pay

13th percentile

$153,187

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

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

Asset Growth

12th percentile

-5.5%

Faster asset growth than 12% of similar nonprofits.

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

Revenue Growth

79th percentile

17%

Faster revenue growth than 79% of similar nonprofits.

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

Assets

Down

$75,150,063

Down $4,383,305 (-5.5%) from 2014

Net Assets

Down

-$6,833,972

Down $5,221,671 (-324%) from 2014

Liabilities

Up

$81,984,035

Up $838,366 (+1.0%) from 2014

Revenue

Up

$19,088,011

Up $2,798,724 (+17%) from 2014

Expenses

Up

$24,130,529

Up $2,880,058 (+14%) from 2014

Net Income

Down

-$5,042,518

Down $81,334 (-1.6%) 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 2008: $13,002,493Liabilities 2008: $6,858,825Net Assets 2008: $6,143,6682008Assets 2009: $14,083,306Liabilities 2009: $8,065,586Net Assets 2009: $6,017,7202009Assets 2010: $15,223,399Liabilities 2010: $9,935,381Net Assets 2010: $5,288,0182010Assets 2011: $19,149,592Liabilities 2011: $13,096,875Net Assets 2011: $6,052,7172011Assets 2012: $66,993,527Liabilities 2012: $61,019,398Net Assets 2012: $5,974,1292012Assets 2013: $83,275,625Liabilities 2013: $79,711,612Net Assets 2013: $3,564,0132013Assets 2014: $79,533,368Liabilities 2014: $81,145,669Net Assets 2014: -$1,612,3012014Assets 2015: $75,150,063Liabilities 2015: $81,984,035Net Assets 2015: -$6,833,9722015Assets 2016: $69,337,476Liabilities 2016: $81,139,574Net Assets 2016: -$11,802,0982016Assets 2017: $68,525,872Liabilities 2017: $84,973,819Net Assets 2017: -$16,447,9472017Assets 2018: $80,557,035Liabilities 2018: $89,517,942Net Assets 2018: -$8,960,9072018Assets 2019: $72,100,328Liabilities 2019: $91,334,047Net Assets 2019: -$19,233,7192019Assets 2020: $73,213,363Liabilities 2020: $98,622,539Net Assets 2020: -$25,409,1762020Assets 2021: $70,242,691Liabilities 2021: $98,398,432Net Assets 2021: -$28,155,7412021Assets 2022: $64,658,462Liabilities 2022: $103,108,124Net Assets 2022: -$38,449,6622022Assets 2023: $69,154,856Liabilities 2023: $106,739,590Net Assets 2023: -$37,584,7342023Assets 2024: $68,112,785Liabilities 2024: $111,027,808Net Assets 2024: -$42,915,0232024

Highlighted filing

2015

Assets$75,150,063
Liabilities$81,984,035
Net Assets-$6,833,972

Operations Trend

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

$40M$20M$0-$20MRevenue 2008: $12,171,914Expenses 2008: $11,949,150Net Income 2008: $222,7642008Revenue 2009: $11,432,783Expenses 2009: $11,919,776Net Income 2009: -$486,9932009Revenue 2010: $11,710,779Expenses 2010: $12,249,890Net Income 2010: -$539,1112010Expenses 2011: $12,940,5352011Expenses 2012: $13,214,9942012Revenue 2013: $13,170,417Expenses 2013: $15,919,794Net Income 2013: -$2,749,3772013Revenue 2014: $16,289,287Expenses 2014: $21,250,471Net Income 2014: -$4,961,1842014Revenue 2015: $19,088,011Expenses 2015: $24,130,529Net Income 2015: -$5,042,5182015Revenue 2016: $19,654,429Expenses 2016: $24,638,862Net Income 2016: -$4,984,4332016Revenue 2017: $20,246,181Expenses 2017: $25,088,350Net Income 2017: -$4,842,1692017Revenue 2018: $34,074,153Expenses 2018: $26,387,162Net Income 2018: $7,686,9912018Revenue 2019: $16,819,916Expenses 2019: $27,155,386Net Income 2019: -$10,335,4702019Revenue 2020: $21,916,605Expenses 2020: $26,629,596Net Income 2020: -$4,712,9912020Revenue 2021: $21,576,979Expenses 2021: $24,217,294Net Income 2021: -$2,640,3152021Revenue 2022: $18,545,425Expenses 2022: $25,191,723Net Income 2022: -$6,646,2982022Revenue 2023: $25,145,488Expenses 2023: $25,384,941Net Income 2023: -$239,4532023Revenue 2024: $22,304,796Expenses 2024: $27,015,163Net Income 2024: -$4,710,3672024

Highlighted filing

2015

Revenue$19,088,011
Expenses$24,130,529
Net Income-$5,042,518
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 27, 2016
Return Version
2015v2.1
Gross Receipts
$20,540,285
Mission and Program Overview

Mission

Provide housing, rehabilitation and nursing care for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$34,029,456$63,119,228▲ $29,089,772
Investments in Publicly Traded Securities$1,566,829$1,080,893▼ $485,936
Savings and Temporary Cash Investments$943,978$889,854▼ $54,124
Accounts Receivable$727,000$837,396▲ $110,396
Cash and Non-Interest-Bearing Accounts$423,158$350,003▼ $73,155
Prepaid Expenses and Deferred Charges$76,372$99,945▲ $23,573
Inventories for Sale or Use$45,639$46,214▲ $575
Total Assets$79,533,368$75,150,063▼ $4,383,305
Other Assets Total$41,720,936$8,726,530▼ $32,994,406
Liabilities
Tax Exempt Bond Liabilities$52,550,000$52,550,000→ $0
Other Liabilities$22,792,167$23,385,379▲ $593,212
Deferred Revenue$2,860,935$3,030,935▲ $170,000
Accounts Payable and Accrued Expenses$2,932,245$3,013,953▲ $81,708
Mortgage Notes Payable Secured by Investment Property$10,322$3,768▼ $6,554
Total Liabilities$81,145,669$81,984,035▲ $838,366
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,354,754$1,121,319▼ $233,435
Temporarily Rstr Net Assets$314,991$334,242▲ $19,251
Unrestricted Net Assets$-3,282,046$-8,289,533▼ $5,007,487
Total Net Assets Fund Balance$-1,612,301$-6,833,972▼ $5,221,671
Total Liabilities and Net Assets / Fund Balance$79,533,368$75,150,063▼ $4,383,305

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$55,663,178$12,174,636$67,837,814
Equipment$7,329,931$5,613,304$12,943,235
Land$126,119-$126,119
Other Assets Org$16,113--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,929,387$269▼ $353,016-$1,552,042
2014$1,932,333$1,100▲ $8,925-$1,929,387
2013$1,651,019$2,590▲ $298,250-$1,932,333
2012$1,627,106$995▲ $34,611-$1,651,019
2011$1,856,680$3,750▼ $216,792-$1,627,106
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laurence DahlExec. DirectFT$151,061$2,126$153,187
Laurence DahlExec. Director/CEO-$151,061$2,126$153,187
Linda Carol ShieldsCFOFT$135,208$4,913$140,121
Brian Scott ArcherAdministratoFT$109,161$1,637$110,798

Board Members and Trustees

NameTitle
Paul NeilsonPresident
Annabel FeyBoard Member
Cindy WilliamsBoard Member
Hon Bruce BoyerBoard Member
Marcia McglothlinBoard Member
Rusty BrockmanBoard Member
Soriya EstesBoard Member
Warren AlbrechtBoard Member
Charles Zech1st Vice Pre
Rev Sonja Phillips2nd Vice Pre
Rev Dr Don LongbottomConference M
Ben WehmanSecretary
Linda LangeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rehab Group East INCTherapySRS DIVISION PO BOX 503534, St Louis, MO 63150$1,736,811
Dme Synergistic SystemsSynergistics16302 PLEASANTVILLE RD 209, San Antonio, TX 78233$336,916
Deloitte Transactions And BusinessFinancialPO BOX 840728, Dallas, TX 75284-0728$238,050
Dykema Cox SmithLegal112 EAST PECAN ST SUITE 1800, San Antonio, TX 78205$204,251
Invictus HealthcareStaffingPO BOX 312491, New Braunfels, TX 78131$189,094
Revenue and Support

Revenue Composition

Contributions and Grants
$276,989
Program Service Revenue
$18,477,893
Investment Income
$333,129
Other Revenue
$0
All Other Contributions
$252,989
Change in Net Assets
$-5,042,518

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,088,011
Revenue Not Reported on Form 990
$-179,153
Total Revenue per Audited Statements
$18,908,858
Total Revenue per Form 990
$19,088,011
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,391,818
Salaries, Compensation, and Employee Benefits$9,738,711
Total Fundraising Expense$181,827
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,116,693$955,264$140,679$8,212,636
Interest-$3,656,861-$3,656,861
Depreciation Depletion$3,269,142--$3,269,142
Fees for Services Other$2,395,425$724,568-$3,119,993
Occupancy$957,713--$957,713
All Other Expenses$493,256$216,313$12,599$722,168
Other Employee Benefits$722,997$-7,360-$715,637
Payroll Taxes$618,917--$618,917
Office Expenses$163,765$54,898$2,661$221,324
Insurance-$204,189-$204,189
Current Officers, Directors, Trustees, and Key Employees-$151,061-$151,061
Fees for Services Legal-$120,162-$120,162
Other Expenses$117,992--$117,992
Information Technology-$112,034-$112,034
Advertising$83,743-$24,564$108,307
Fees for Services Accounting-$52,833-$52,833
Pension Plan Contributions$40,460--$40,460
Fees for Service Investment Mgmnt Fees-$23,632-$23,632
Travel$16,984$3,446$1,324$21,754
Conferences and Meetings-$5,606-$5,606
Total Functional Expenses$17,675,195$6,273,507$181,827$24,130,529

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$24,130,529
Total Expenses per Audited Statements$24,130,529
Total Expenses per Form 990$24,130,529
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
Deposits Held for Pinnacle Units$21,582,950
Life Lease Contracts$1,476,625
Refunds Due Residents$275,405
Trust/deposit Accounts$47,094
Annuities Payable$3,305

Bond Issues

BondIssuerIssuedIssue PricePurpose
ARed River Health Facilities Dev Cor2012-02-07$51,891,768FACILITY EXPANSION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$51,891,768--$1,028,375

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
Yes
Exception to rebate
No
Corrective action procedures
No
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
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

Form 990 is made available to ceo and cfo for their review prior to filing. The 990 is also made available to the board on the organization's website for their review.

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

Conflict of interest policy is reviewed on an annual basis with all key employees, officers and directors who in turn acknowledge if there are any conflicts of interest in the form of a signed written statement.

Form 990, Page 6, Part VI, Line 15A

Board of directors has responsibility for voting on and approving the salary of the executive director of the organization. A compensation committee determines the salary with the aid of annual salary surveys of other like organizations. Deliberations and decisions by the committee are documented and placed in executive director's personnel file.

Form 990, Page 6, Part VI, Line 19

Documents available to public upon request

Filing and Contact Details

Filer

Filer Name
Eden Home Inc
EIN
74-1143030
Phone
8306256291
Address
631 LAKEVIEW BLVD, NEW BRAUNFELS, TX 78130

Signing Officer

Name
Laurence Dahl
Title
Exec. Director/CEO
Phone
8306256291
Signed
2016-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurence Dahl
Formed
1947
Legal Domicile
TX
Voting Board Members
16
Independent Board Members
15
Employees
518

Preparer

Firm
Rick C Reed & Company Pllc
Address
352 LANDA STREET, NEW BRAUNFELS, TX 78130
Preparer
Kenneth C Ward
Phone
8306258068
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants, outside services 2,395,425 724,568 0

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IRS990/Form990PartVIISectionAGrp/TitleTxt61ST VICE PRE
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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt112ND VICE PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt12CONFERENCE M
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXEC. DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt14CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt15ADMINISTRATO
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0491109
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0394554
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0670172
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0144504
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt041962

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.1$111$42.9$22.3$27.0$4.71
2023Summary only. Only limited summary data is available for this year.$69.2$107$37.6$25.1$25.4$0.24
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.7$103$38.4$18.5$25.2$6.65
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.2$98.4$28.2$21.6$24.2$2.64
2020Detailed filing. Detailed filing data is available for this year.$73.2$98.6$25.4$21.9$26.6$4.71
2019Detailed filing. Detailed filing data is available for this year.$72.1$91.3$19.2$16.8$27.2$10.3
2018Detailed filing. Detailed filing data is available for this year.$80.6$89.5$8.96$34.1$26.4$7.69
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.5$85.0$16.4$20.2$25.1$4.84
2016Detailed filing. Detailed filing data is available for this year.$69.3$81.1$11.8$19.7$24.6$4.98
2015Detailed filing. Detailed filing data is available for this year.$75.2$82.0$6.83$19.1$24.1$5.04
2014Detailed filing. Detailed filing data is available for this year.$79.5$81.1$1.61$16.3$21.3$4.96
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.3$79.7$3.56$13.2$15.9$2.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$67.0$61.0$5.97$13.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$13.1$6.05$12.9
2010Summary only. Only limited summary data is available for this year.$15.2$9.94$5.29$11.7$12.2$0.54
2009Summary only. Only limited summary data is available for this year.$14.1$8.07$6.02$11.4$11.9$0.49
2008Summary only. Only limited summary data is available for this year.$13.0$6.86$6.14$12.2$11.9$0.22
Peer Organizations

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