Civic Intelligence

The Palms Retirement Center Inc.

990 • Fiscal year 2012 • EIN 74-2247344

Jul 01, 2011 to Jun 30, 2012 • Filed on Nov 09, 2012

Organization ProfileN/A
525 E Davis Street78550
Siviq Scores

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

Liabilities / Assets

95th percentile

1.25x

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

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

44th percentile

-0.5%

Faster asset growth than 44% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$1,677,546

Down $7,698 (-0.5%) from 2011

Net Assets

Up

-$423,607

Up $39,914 (+8.6%) from 2011

Liabilities

Down

$2,101,153

Down $47,612 (-2.2%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$556,130

Down $14,818 (-2.6%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,685,244Liabilities 2011: $2,148,765Net Assets 2011: -$463,5212011Assets 2012: $1,677,546Liabilities 2012: $2,101,153Net Assets 2012: -$423,6072012Assets 2013: $1,719,018Liabilities 2013: $2,080,418Net Assets 2013: -$361,4002013Assets 2014: $1,728,580Liabilities 2014: $2,037,738Net Assets 2014: -$309,1582014Assets 2015: $1,740,543Liabilities 2015: $2,013,665Net Assets 2015: -$273,1222015Assets 2016: $1,690,522Liabilities 2016: $1,963,921Net Assets 2016: -$273,3992016Assets 2017: $1,442,964Liabilities 2017: $1,719,107Net Assets 2017: -$276,1432017Assets 2018: $1,405,936Liabilities 2018: $1,682,221Net Assets 2018: -$276,2852018Assets 2019: $1,369,689Liabilities 2019: $1,641,443Net Assets 2019: -$271,7542019Assets 2020: $1,335,310Liabilities 2020: $1,597,474Net Assets 2020: -$262,1642020Assets 2021: $1,287,448Liabilities 2021: $1,551,894Net Assets 2021: -$264,4462021Assets 2022: $1,059,280Liabilities 2022: $1,503,422Net Assets 2022: -$444,1422022Assets 2023: $1,051,397Liabilities 2023: $1,452,708Net Assets 2023: -$401,3112023Assets 2024: $1,047,771Liabilities 2024: $1,398,531Net Assets 2024: -$350,7602024

Highlighted filing

2012

Assets$1,677,546
Liabilities$2,101,153
Net Assets-$423,607
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2011: $570,9482011Expenses 2012: $556,1302012Expenses 2013: $537,6422013Revenue 2014: $606,073Expenses 2014: $553,831Net Income 2014: $52,2422014Revenue 2015: $595,391Expenses 2015: $559,355Net Income 2015: $36,0362015Revenue 2016: $550,305Expenses 2016: $550,582Net Income 2016: -$2772016Revenue 2017: $562,079Expenses 2017: $564,823Net Income 2017: -$2,7442017Revenue 2018: $562,822Expenses 2018: $562,964Net Income 2018: -$1422018Revenue 2019: $577,947Expenses 2019: $573,416Net Income 2019: $4,5312019Revenue 2020: $585,271Expenses 2020: $575,681Net Income 2020: $9,5902020Revenue 2021: $587,429Expenses 2021: $589,711Net Income 2021: -$2,2822021Revenue 2022: $399,317Expenses 2022: $579,013Net Income 2022: -$179,6962022Revenue 2023: $619,200Expenses 2023: $576,369Net Income 2023: $42,8312023Revenue 2024: $647,580Expenses 2024: $597,029Net Income 2024: $50,5512024

Highlighted filing

2012

Revenue-
Expenses$556,130
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Nov 9, 2012
Return Version
2011v1.2
Gross Receipts
$596,044
Mission and Program Overview

Mission

The project is operated as an apartment complex of 18 efficiency and 45 one bedroom units for elderly or disabled persons with low income.

Filing and Contact Details

Filer

EIN
74-2247344
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IRS990ScheduleO/GeneralExplanation/Explanation0THE PALM'S RETIREMENT CENTER, INC. PAYS A MANAGEMENT FEE TO TREVECCA MANAGEMENT COMPANY AMOUNTING TO 6% OF GROSS RENT COLLECTIONS. TREVECCA MANAGMENT COMPANY IN TURN PROVIDES THE PALM'S RETIREMENT CENTER, INC. WITH MANAGEMENT ASSISTANCE THROUGHOUT THE FISCAL YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation1THE FORM 990 IS REVIEWED BY THE MANAGING AGENT BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation2TREVECCA MANAGEMENT COMPANY REPRESENTATIVE APPROVES SALARIES AND THEY ARE REVIEWED IN JUNE OF EACH FISCAL YEAR, ADJUSTMENTS TO BE MADE EFFECTIVE AT THE BEGINNING OF EACH FISCAL YEAR ON JULY 1.
IRS990ScheduleO/GeneralExplanation/Explanation3TREVECCA MANAGEMENT COMPANY REPRESENTATIVE APPROVES SALARIES AND THEY ARE REVIEWED IN JUNE OF EACH FISCAL YEAR, ADJUSTMENTS TO BE MADE EFFECTIVE AT THE BEGINNING OF EACH FISCAL YEAR ON JULY 1.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION'S GOVERNING DOCUMENTS, FORM 990, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. EACH REQUEST IS REVIEWED BY THE BOARD. IF THE REQUEST IS APPROVED BY THE BOARD, THE DOCUMENT IS RELEASED TO THE REQUESTOR.
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IRS990ScheduleO/GeneralExplanation/Identifier3COMPENSATION PROCESS FOR OFFICERS
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IRS990/TransactionRelatedEntity0false
IRS990/TransfersToExemptNonChrtblOrg0false
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0false
IRS990/UnrestrictedNetAssets/BOY0-463521
IRS990/UnrestrictedNetAssets/EOY0-423607
IRS990/UponRequest0X
IRS990/WebSite0N/A
IRS990/WhistleblowerPolicy0false
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0742247344
ReturnHeader/Filer/Name/BusinessNameLine10THE PALMS RETIREMENT CENTER
ReturnHeader/Filer/NameControl0PALM
ReturnHeader/Filer/Phone09564214331
ReturnHeader/Filer/USAddress/AddressLine10525 E DAVIS STREET
ReturnHeader/Filer/USAddress/City0HARLINGEN
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode078550
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02012-11-09
ReturnHeader/Officer/Name0MELVIN D JUSTICE
ReturnHeader/Officer/Phone09564214331
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/Preparer/DatePrepared02012-11-14
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10LONG CHILTON LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10402 E TYLER AVE

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,677,546
Liabilities
$2,101,153
Net assets
-$423,607
Revenue
-
Expenses
$556,130
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.05$1.40$0.35$0.65$0.60$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.05$1.45$0.40$0.62$0.58$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.06$1.50$0.44$0.40$0.58$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$1.55$0.26$0.59$0.59$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.34$1.60$0.26$0.59$0.58$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.37$1.64$0.27$0.58$0.57$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.41$1.68$0.28$0.56$0.56$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.44$1.72$0.28$0.56$0.56$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.69$1.96$0.27$0.55$0.55$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.74$2.01$0.27$0.60$0.56$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.73$2.04$0.31$0.61$0.55$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$2.08$0.36$0.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$2.10$0.42$0.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$2.15$0.46$0.57