Civic Intelligence

Eden Heights Inc

990 • Fiscal year 2015 • EIN 74-1977872

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 11, 2016

627 Lakeview BlvdNew Braunfels, TX 78130

(830) 625-6969

Siviq Scores

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

Liabilities / Assets

94th percentile

1.17x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

3.20x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

68th percentile

10%

Higher net margin than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

98th percentile

272%

Faster asset growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

72nd percentile

16%

Faster revenue growth than 72% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,507,718

Up $1,832,877 (+272%) from 2014

Net Assets

Up

-$431,027

Up $95,443 (+18%) from 2014

Liabilities

Up

$2,938,745

Up $1,737,434 (+145%) from 2014

Revenue

Up

$918,831

Up $128,050 (+16%) from 2014

Expenses

Up

$823,388

Up $52,775 (+6.8%) from 2014

Net Income

Up

$95,443

Up $75,275 (+373%) from 2014

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: $748,698Liabilities 2011: $1,458,196Net Assets 2011: -$709,4982011Assets 2012: $713,509Liabilities 2012: $1,342,279Net Assets 2012: -$628,7702012Assets 2013: $716,330Liabilities 2013: $1,262,968Net Assets 2013: -$546,6382013Assets 2014: $674,841Liabilities 2014: $1,201,311Net Assets 2014: -$526,4702014Assets 2015: $2,507,718Liabilities 2015: $2,938,745Net Assets 2015: -$431,0272015Assets 2016: $2,467,784Liabilities 2016: $2,883,790Net Assets 2016: -$416,0062016Assets 2017: $2,420,224Liabilities 2017: $2,711,381Net Assets 2017: -$291,1572017Assets 2018: $2,344,695Liabilities 2018: $2,703,810Net Assets 2018: -$359,1152018Assets 2019: $2,319,060Liabilities 2019: $2,667,518Net Assets 2019: -$348,4582019Assets 2020: $2,173,644Liabilities 2020: $2,471,762Net Assets 2020: -$298,1182020Assets 2021: $2,262,768Liabilities 2021: $2,501,114Net Assets 2021: -$238,3462021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2015

Assets$2,507,718
Liabilities$2,938,745
Net Assets-$431,027

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $717,6992011Expenses 2012: $737,5812012Revenue 2013: $814,706Expenses 2013: $732,574Net Income 2013: $82,1322013Revenue 2014: $790,781Expenses 2014: $770,613Net Income 2014: $20,1682014Revenue 2015: $918,831Expenses 2015: $823,388Net Income 2015: $95,4432015Revenue 2016: $912,631Expenses 2016: $897,610Net Income 2016: $15,0212016Revenue 2017: $959,120Expenses 2017: $834,271Net Income 2017: $124,8492017Revenue 2018: $936,874Expenses 2018: $1,004,832Net Income 2018: -$67,9582018Revenue 2019: $946,686Expenses 2019: $936,029Net Income 2019: $10,6572019Revenue 2020: $1,015,738Expenses 2020: $965,398Net Income 2020: $50,3402020Revenue 2021: $980,176Expenses 2021: $920,404Net Income 2021: $59,7722021Revenue 2022: $932,559Expenses 2022: $694,213Net Income 2022: $238,3462022

Highlighted filing

2015

Revenue$918,831
Expenses$823,388
Net Income$95,443
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 11, 2016
Return Version
2015v2.1
Gross Receipts
$920,493
Mission and Program Overview

Mission

Subsidized housing under section 202 of the national housing act. Consists of an apartment complex of 94 units

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$431,759$360,596▼ $71,163
Prepaid Expenses and Deferred Charges$11,731$48,257▲ $36,526
Accounts Receivable$217$30,324▲ $30,107
Cash and Non-Interest-Bearing Accounts-$23,998-
Total Assets$674,841$2,507,718▲ $1,832,877
Other Assets Total$231,134$2,044,543▲ $1,813,409
Liabilities
Other Liabilities$1,062,148$2,830,619▲ $1,768,471
Accounts Payable and Accrued Expenses$139,163$107,143▼ $32,020
Deferred Revenue-$983-
Total Liabilities$1,201,311$2,938,745▲ $1,737,434
Net Assets / Fund Balance
Unrestricted Net Assets$-526,470$-431,027▲ $95,443
Total Net Assets Fund Balance$-526,470$-431,027▲ $95,443
Total Liabilities and Net Assets / Fund Balance$674,841$2,507,718▲ $1,832,877

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$166,507$1,672,437$1,838,944
Other Land Buildings$134,010$877,523$1,011,533
Land$60,079-$60,079
Other Assets Org$31,159--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Craig MassouhPresident
Ben WehmanDirector
Charlie ZechDirector
Linda LangeDirector
Susan GriffinDirector
Mark HankinsSecretary
Sara SandersonTreasurer
Paul NeilsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$919,740
Investment Income
$-909
Other Revenue
$0
Change in Net Assets
$95,443

Audited Revenue Reconciliation

Revenue per Audited Statements
$918,831
Total Revenue per Audited Statements
$918,831
Total Revenue per Form 990
$918,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$678,180
Salaries, Compensation, and Employee Benefits$145,208
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$245,504--$245,504
Other Salaries and Wages$88,551$43,549-$132,100
Insurance$82,800--$82,800
Interest$82,063--$82,063
Depreciation Depletion$78,212--$78,212
Fees for Services Management-$42,674-$42,674
All Other Expenses$19,198$33-$19,231
Fees for Services Accounting-$12,577-$12,577
Payroll Taxes$7,003$3,444-$10,447
Fees for Services Other-$8,510-$8,510
Other Expenses$6,643--$6,643
Office Expenses-$5,792-$5,792
Other Employee Benefits$1,784$877-$2,661
Advertising$1,590--$1,590
Travel$1,545--$1,545
Conferences and Meetings$617--$617
Total Functional Expenses$705,932$117,456$0$823,388

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$823,388
Total Expenses per Audited Statements$823,388
Total Expenses per Form 990$823,388
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$2,614,278
Deferred Developer Fee$87,693
Notes Payable$60,268
Current Portion Mortgage Payable$38,877
Tenants Deposits$29,503
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 7A

The corporation has directors that can vote on new directors that are a part of the governing body.

Form 990, Page 6, Part VI, Line 8B

Minutes are prepared for the meetings held by the governing board. There are no other committees, as such, no other minutes are produced.

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

The board is provided a copy of the form 990 to review prior to filing the return.

Form 990, Page 6, Part VI, Line 19

Upon request from the public

Filing and Contact Details

Filer

Filer Name
Eden Heights Inc
EIN
74-1977872
Phone
8306256969
Address
627 LAKEVIEW BLVD, NEW BRAUNFELS, TX 78130

Signing Officer

Name
Craig Massouh
Title
President
Phone
8306256969
Signed
2016-08-11

Organization Details

Principal Officer
Craig Massouh
Formed
1978
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
0

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 V

The organization did not issue any 1099's or w-2's despite the fact that wages werre reported on part ix of the form 990. Wages are reportable by the organization's management company, which is national church residences, and the corresponding expenses are then charged to the organization.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01122
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01178
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02821
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02768
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08642
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0919740
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0789659
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0813528
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0815488
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0750158
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04088573
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0753
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01122
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01178
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02821
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02768
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08642
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99790
IRS990ScheduleA/PublicSupportPY509Pct00.99700
IRS990ScheduleA/PublicSupportTotal509Amt04088573
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0919740
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0789659
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0813528
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0815488
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0750158
IRS990ScheduleA/Total509Grp/TotalAmt04088573
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0920493
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0790781
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0814706
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0818309
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0752926
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04097215
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0166507
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01672437
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01838944
IRS990ScheduleD/ExpensesSubtotalAmt0823388
IRS990ScheduleD/LandGrp/BookValueAmt060079
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060079
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01006368
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1538265
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2346891
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3121860
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt431159
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROWS AND NON-HUD RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEVELOPER'S FEE & OVERHEAD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PREPAID LOAN FINANCING COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0134010
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0877523
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01011533
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02614278
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt187693
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt260268
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt338877
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt429503
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED DEVELOPER FEE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CURRENT PORTION MORTGAGE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4TENANTS DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0918831
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0360596
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02044543
IRS990ScheduleD/TotalExpensesPerForm990Amt0823388
IRS990ScheduleD/TotalLiabilityAmt02830619
IRS990ScheduleD/TotalRevenuePerForm990Amt0918831
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0918831
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0823388
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DID NOT ISSUE ANY 1099'S OR W-2'S DESPITE THE FACT THAT WAGES WERRE REPORTED ON PART IX OF THE FORM 990. WAGES ARE REPORTABLE BY THE ORGANIZATION'S MANAGEMENT COMPANY, WHICH IS NATIONAL CHURCH RESIDENCES, AND THE CORRESPONDING EXPENSES ARE THEN CHARGED TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION HAS DIRECTORS THAT CAN VOTE ON NEW DIRECTORS THAT ARE A PART OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MINUTES ARE PREPARED FOR THE MEETINGS HELD BY THE GOVERNING BOARD. THERE ARE NO OTHER COMMITTEES, AS SUCH, NO OTHER MINUTES ARE PRODUCED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD IS PROVIDED A COPY OF THE FORM 990 TO REVIEW PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST FROM THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0674841
IRS990/TotalAssetsEOYAmt02507718
IRS990/TotalAssetsGrp/BOYAmt0674841
IRS990/TotalAssetsGrp/EOYAmt02507718
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0117456
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0705932
IRS990/TotalFunctionalExpensesGrp/TotalAmt0823388
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01201311
IRS990/TotalLiabilitiesEOYAmt02938745
IRS990/TotalLiabilitiesGrp/BOYAmt01201311
IRS990/TotalLiabilitiesGrp/EOYAmt02938745
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-526470
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-431027
IRS990/TotalProgramServiceExpensesAmt0705932
IRS990/TotalProgramServiceRevenueAmt0919740
IRS990/TotalRevenueGrp/ExclusionAmt0753
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0918078
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0918831
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0674841
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02507718
IRS990/TravelGrp/ProgramServicesAmt01545
IRS990/TravelGrp/TotalAmt01545
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-526470
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-431027
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O ORGANIZATION
IRS990/USAddress/CityNm0NEW BRAUNFELS
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078130
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z

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