Civic Intelligence

Eden Heights Inc

990 • Fiscal year 2016 • EIN 74-1977872

Jan 01, 2016 to Dec 31, 2016 • Filed on May 08, 2017

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

3.16x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

48th percentile

1.6%

Higher net margin than 48% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

37th percentile

-1.6%

Faster asset growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

39th percentile

-0.7%

Faster revenue growth than 39% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,467,784

Down $39,934 (-1.6%) from 2015

Net Assets

Up

-$416,006

Up $15,021 (+3.5%) from 2015

Liabilities

Down

$2,883,790

Down $54,955 (-1.9%) from 2015

Revenue

Down

$912,631

Down $6,200 (-0.7%) from 2015

Expenses

Up

$897,610

Up $74,222 (+9.0%) from 2015

Net Income

Down

$15,021

Down $80,422 (-84%) from 2015

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

2016

Assets$2,467,784
Liabilities$2,883,790
Net Assets-$416,006

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

2016

Revenue$912,631
Expenses$897,610
Net Income$15,021
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 8, 2017
Return Version
2016v3.0
Gross Receipts
$912,631
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$360,596$323,979▼ $36,617
Prepaid Expenses and Deferred Charges$48,257$18,925▼ $29,332
Accounts Receivable$30,324$7,200▼ $23,124
Cash and Non-Interest-Bearing Accounts$23,998$1,909▼ $22,089
Total Assets$2,507,718$2,467,784▼ $39,934
Other Assets Total$2,044,543$2,115,771▲ $71,228
Liabilities
Other Liabilities$2,830,619$2,675,539▼ $155,080
Accounts Payable and Accrued Expenses$107,143$207,696▲ $100,553
Deferred Revenue$983$555▼ $428
Total Liabilities$2,938,745$2,883,790▼ $54,955
Net Assets / Fund Balance
Unrestricted Net Assets$-431,027$-416,006▲ $15,021
Total Net Assets Fund Balance$-431,027$-416,006▲ $15,021
Total Liabilities and Net Assets / Fund Balance$2,507,718$2,467,784▼ $39,934

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$167,891$1,705,453$1,873,344
Other Land Buildings$96,009$905,726$1,001,735
Land$60,079-$60,079
Other Assets Org$11,960--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ben WehmanPresident
Linda LangeDirector
Sonja PhillipsDirector
Susan GriffinDirector
Charlie ZechSecretary
Sara SandersonTreasurer
Paul NeilsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$910,978
Investment Income
$1,653
Other Revenue
$0
Change in Net Assets
$15,021

Audited Revenue Reconciliation

Revenue per Audited Statements
$912,631
Total Revenue per Audited Statements
$912,631
Total Revenue per Form 990
$912,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$702,109
Salaries, Compensation, and Employee Benefits$195,501
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$251,054--$251,054
Other Salaries and Wages$120,122$56,357-$176,479
Interest$97,819--$97,819
Insurance$76,558--$76,558
Depreciation Depletion$76,218--$76,218
Fees for Services Management-$44,370-$44,370
All Other Expenses$23,123$617-$23,740
Fees for Services Accounting-$14,506-$14,506
Payroll Taxes$9,575$4,493-$14,068
Other Expenses$10,258--$10,258
Fees for Services Other-$8,025-$8,025
Conferences and Meetings$6,952--$6,952
Office Expenses-$5,683-$5,683
Other Employee Benefits$3,372$1,582-$4,954
Travel$1,538--$1,538
Advertising$1,086--$1,086
Total Functional Expenses$761,977$135,633$0$897,610

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$897,610
Total Expenses per Audited Statements$897,610
Total Expenses per Form 990$897,610
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$2,573,978
Deferred Developer Fee$87,693
Notes Payable$60,268
Current Portion Mortgage Payable$40,300
Tenants Deposits$32,101
Unamortized Debt Issuance Costs$-118,801
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
Ben Wehman
Title
President
Phone
8306256969
Signed
2017-05-08

Organization Details

Principal Officer
Ben Wehman
Formed
1978
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0789659
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0813528
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0815488
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04249393
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportPY509Pct00.99790
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0815488
IRS990ScheduleA/Total509Grp/TotalAmt04249393
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0912631
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0920493
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0790781
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0814706
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0818309
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04256920
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01705453
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01873344
IRS990ScheduleD/ExpensesSubtotalAmt0897610
IRS990ScheduleD/LandGrp/BookValueAmt060079
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060079
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0983367
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1585466
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2346891
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3154283
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt433804
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt511960
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROWS AND NON-HUD RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEVELOPER'S FEE & OVERHEAD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5UTILITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt096009
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0905726
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01001735
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED DEVELOPER FEE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CURRENT PORTION MORTGAGE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4TENANTS DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5UNAMORTIZED DEBT ISSUANCE COSTS
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt02115771
IRS990ScheduleD/TotalExpensesPerForm990Amt0897610
IRS990ScheduleD/TotalLiabilityAmt02675539
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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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02467784
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IRS990/TotalAssetsGrp/EOYAmt02467784
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0135633
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0761977
IRS990/TotalFunctionalExpensesGrp/TotalAmt0897610
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02938745
IRS990/TotalLiabilitiesEOYAmt02883790
IRS990/TotalLiabilitiesGrp/BOYAmt02938745
IRS990/TotalLiabilitiesGrp/EOYAmt02883790
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-431027
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-416006
IRS990/TotalProgramServiceExpensesAmt0761977
IRS990/TotalProgramServiceRevenueAmt0910978
IRS990/TotalRevenueGrp/ExclusionAmt01653
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0910978
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0912631
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02507718
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02467784
IRS990/TravelGrp/ProgramServicesAmt01538
IRS990/TravelGrp/TotalAmt01538
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-431027
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-416006
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O ORGANIZATION
IRS990/USAddress/CityNm0NEW BRAUNFELS
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078130
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BEN WEHMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08306256969
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDEN HEIGHTS INC

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