Civic Intelligence

The Palms Retirement Center Inc.

990 • Fiscal year 2013 • EIN 74-2247344

Jul 01, 2012 to Jun 30, 2013 • Filed on Sep 11, 2013

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

94th percentile

1.21x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

51st percentile

2.5%

Faster asset growth than 51% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$1,719,018

Up $41,472 (+2.5%) from 2012

Net Assets

Up

-$361,400

Up $62,207 (+15%) from 2012

Liabilities

Down

$2,080,418

Down $20,735 (-1.0%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$537,642

Down $18,488 (-3.3%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2013

Assets$1,719,018
Liabilities$2,080,418
Net Assets-$361,400
Open 2013 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

2013

Revenue-
Expenses$537,642
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Sep 11, 2013
Return Version
2012v2.3
Gross Receipts
$599,849
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
Raw XML Appendix386 raw XML fields

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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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.
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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.
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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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ReturnHeader/Preparer/DatePrepared02013-09-26
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10LONG CHILTON LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10402 E TYLER AVE
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0HARLINGEN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0TX
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0785509122
ReturnHeader/Preparer/Name0QUENTIN ANDERSON CPA
ReturnHeader/Preparer/Phone09564233765
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-07-01
ReturnHeader/TaxPeriodEndDate02013-06-30
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-09-26T16:05:52-05:00

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,719,018
Liabilities
$2,080,418
Net assets
-$361,400
Revenue
-
Expenses
$537,642
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