Civic Intelligence

Austin Revitalization Authority

990 • Fiscal year 2015 • EIN 74-2781623

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 09, 2016

1105 Navasota StreetAustin, TX 78702

(512) 469-1705

Siviq Scores

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

Liabilities / Assets

80th percentile

0.54x

Higher debt load relative to assets than 80% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

1.84x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

14th percentile

-20%

Higher net margin than 14% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$252,871

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 34.7% of source-year revenue.

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

Asset Growth

90th percentile

46%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

84th percentile

35%

Faster revenue growth than 84% of similar nonprofits.

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

Assets

Up

$2,476,489

Up $777,619 (+46%) from 2014

Net Assets

Down

$1,135,770

Down $145,743 (-11%) from 2014

Liabilities

Up

$1,340,719

Up $923,362 (+221%) from 2014

Revenue

Up

$728,332

Up $190,433 (+35%) from 2014

Expenses

Up

$874,075

Up $270,083 (+45%) from 2014

Net Income

Down

-$145,743

Down $79,650 (-121%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $12,096,307Liabilities 2011: $12,403,267Net Assets 2011: -$306,9602011Assets 2012: $1,199,270Liabilities 2012: $95,510Net Assets 2012: $1,103,7602012Assets 2013: $1,624,246Liabilities 2013: $276,640Net Assets 2013: $1,347,6062013Assets 2014: $1,698,870Liabilities 2014: $417,357Net Assets 2014: $1,281,5132014Assets 2015: $2,476,489Liabilities 2015: $1,340,719Net Assets 2015: $1,135,7702015Assets 2016: $2,389,592Liabilities 2016: $1,491,061Net Assets 2016: $898,5312016Assets 2017: $2,567,617Liabilities 2017: $960,246Net Assets 2017: $1,607,3712017Assets 2018: $2,363,681Liabilities 2018: $837,171Net Assets 2018: $1,526,5102018Assets 2019: $2,271,142Liabilities 2019: $781,437Net Assets 2019: $1,489,7052019Assets 2020: $2,151,668Liabilities 2020: $797,730Net Assets 2020: $1,353,9382020Assets 2021: $2,910,002Liabilities 2021: $1,371,064Net Assets 2021: $1,538,9382021Assets 2022: $3,793,937Liabilities 2022: $1,520,265Net Assets 2022: $2,273,6722022Assets 2023: $5,880,328Liabilities 2023: $3,316,624Net Assets 2023: $2,563,7042023Assets 2024: $6,024,073Liabilities 2024: $4,019,217Net Assets 2024: $2,004,8562024

Highlighted filing

2015

Assets$2,476,489
Liabilities$1,340,719
Net Assets$1,135,770

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,737,458Expenses 2011: $1,916,557Net Income 2011: -$179,0992011Expenses 2012: $511,2782012Revenue 2013: $787,191Expenses 2013: $543,345Net Income 2013: $243,8462013Revenue 2014: $537,899Expenses 2014: $603,992Net Income 2014: -$66,0932014Revenue 2015: $728,332Expenses 2015: $874,075Net Income 2015: -$145,7432015Revenue 2016: $575,933Expenses 2016: $813,172Net Income 2016: -$237,2392016Revenue 2017: $1,453,862Expenses 2017: $745,022Net Income 2017: $708,8402017Revenue 2018: $756,439Expenses 2018: $837,300Net Income 2018: -$80,8612018Revenue 2019: $712,826Expenses 2019: $749,631Net Income 2019: -$36,8052019Revenue 2020: $691,295Expenses 2020: $827,062Net Income 2020: -$135,7672020Revenue 2021: $1,225,921Expenses 2021: $1,040,921Net Income 2021: $185,0002021Revenue 2022: $1,864,708Expenses 2022: $1,129,974Net Income 2022: $734,7342022Revenue 2023: $1,517,748Expenses 2023: $1,227,716Net Income 2023: $290,0322023Revenue 2024: $1,063,160Expenses 2024: $1,622,008Net Income 2024: -$558,8482024

Highlighted filing

2015

Revenue$728,332
Expenses$874,075
Net Income-$145,743
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 9, 2016
Return Version
2015v2.1
Gross Receipts
$728,332
Mission and Program Overview

Mission

To encourage residential, commercial, and cultural development that promotes community well-being, while respecting the people, institutions and history of east austin and other underserved communmities.

SEE PART III, LINE 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$576,024$2,264,642▲ $1,688,618
Other Notes and Loans Receivable, Net$154,856$109,706▼ $45,150
Cash and Non-Interest-Bearing Accounts$84,265$63,171▼ $21,094
Accounts Receivable$28,354$30,684▲ $2,330
Prepaid Expenses and Deferred Charges$2,300$2,300→ $0
Total Assets$1,698,870$2,476,489▲ $777,619
Other Assets Total$853,071$5,986▼ $847,085
Liabilities
Mortgage Notes Payable Secured by Investment Property$347,990$1,174,802▲ $826,812
Other Liabilities$5,800$127,671▲ $121,871
Accounts Payable and Accrued Expenses$63,567$38,246▼ $25,321
Total Liabilities$417,357$1,340,719▲ $923,362
Net Assets / Fund Balance
Unrestricted Net Assets$1,281,513$1,135,770▼ $145,743
Total Net Assets Fund Balance$1,281,513$1,135,770▼ $145,743
Total Liabilities and Net Assets / Fund Balance$1,698,870$2,476,489▲ $777,619

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,928,838$371,335$2,300,173
Land$318,398-$318,398
Equipment$17,406$28,174$45,580
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory SmithPresidentFT$147,251$105,620$252,871

Board Members and Trustees

NameTitle
Dr Charles UrdyChair
Dr General MarshallVice Chair
Eric StandridgeAssistant Parliamentarian
Vera GivensAssistant Secretary
Willis AdamsAssistant Treasurer
Dr Terry SmithMember
Larry JacksonMember
Nelson LinderMember
Stuart KingMember
Teddy McdanielParliamentarian
Dr Connie WilliamsSecretary
Willis HuntTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$316,050
Program Service Revenue
$411,746
Investment Income
$86
Other Revenue
$450
All Other Contributions
$68,050
Change in Net Assets
$-145,743

Audited Revenue Reconciliation

Revenue per Audited Statements
$728,332
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$728,332
Total Revenue per Form 990
$728,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$495,511
Salaries, Compensation, and Employee Benefits$373,381
Grants and Similar Amounts Paid$5,183
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$104,140$104,141-$208,281
Current Officers, Directors, Trustees, and Key Employees$73,626$73,625-$147,251
Occupancy$45,249$31,423-$76,672
Fees for Services Other-$64,995-$64,995
Depreciation Depletion$46,718--$46,718
All Other Expenses$29,672$15,211-$44,883
Fees for Services Legal-$42,699-$42,699
Interest-$39,026-$39,026
Other Expenses-$25,819-$25,819
Payroll Taxes$8,925$8,924-$17,849
Fees for Services Accounting-$16,457-$16,457
Insurance-$14,910-$14,910
Office Expenses$1,807$7,180-$8,987
Grants to Domestic Individuals$3,286--$3,286
Grants to Domestic Orgs$1,897--$1,897
Fees for Services Management-$414-$414
Total Functional Expenses$315,320$558,755$0$874,075

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$874,075
Total Expenses per Audited Statements$874,075
Total Expenses per Form 990$874,075
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Deferred Compensation$105,620
Tenant Security Deposits$22,051
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The 990 is provided to the board of directors and reviewed and approved by the audit and finance committee prior to filing.

Form 990, Part VI, Section B, Line 12C

The board of directors regularly monitors and enforces the conflict of interest policy at each meeting.

Form 990, Part VI, Section C, Line 19

All documents are available for review by the public upon request and at the main office of the organization during regular business hours.

Filing and Contact Details

Filer

Filer Name
Austin Revitalization Authority
EIN
74-2781623
Phone
5124691705
Address
1105 NAVASOTA STREET, AUSTIN, TX 78702

Signing Officer

Name
Gregory Smith
Title
President
Phone
5124691705
Signed
2016-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Smith
Formed
1995
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
5
Volunteers
0

Preparer

Firm
Atchley & Associates Llp
Address
6850 AUSTIN CENTER BLVD STE 180, AUSTIN, TX 78731-3129
Preparer
Karen E Atchley
Phone
5123462086
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The policy for the committee that assumes responsibility of the audit oversight has not changed since prior year.

Financial Statement Notes

PART X, LINE 2:

The organization has adopted fasb asc 740, accounting for uncertainty in income taxes. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the positions will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions that meet the more-likely-than not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. As of december 31, 2015 and 2014, the organizations have not recognized liabilities for uncertain tax positions or associated interest and penalties.

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IRS990/MissionDesc0TO PROVIDE COMPREHENSIVE REVITALIZATION OF DESIGNATED AREAS OF EAST AUSTIN, TEXAS. THE TARGETED AREAS ARE DETERIORATED AND CRIME INFESTED. THE CITY OF AUSTIN WORKS IN CONJUNCTION WITH AUSTIN REVITALIZATION AUTHORITY AND ELEVEN EAST CORPORATION IN THE REVITALIZATION EFFORTS.
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IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0APPRECIATION DINNERS
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2SPONSORSHIPS
IRS990/OtherExpensesGrp/Desc3TELEPHONE
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08924
IRS990/PayrollTaxesGrp/ProgramServicesAmt08925
IRS990/PayrollTaxesGrp/TotalAmt017849
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02300
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02300
IRS990/PrincipalOfficerNm0GREGORY SMITH
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1PROJECT MANAGEMENT FEE
IRS990/ProgramServiceRevenueGrp/Desc2INCOME FROM RENOVATION
IRS990/ProgramServiceRevenueGrp/Desc3REIMBURSED EXPENSES
IRS990/ProgramServiceRevenueGrp/Desc4INCOME FROM PICADILLY
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1150000
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt325627
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt420427
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02029
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IRS990/PYOtherRevenueAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-145743
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt0248000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0412196
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0390194
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0277000
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0104670
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt059
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt016
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03355
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt013304
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/PublicSupportPY509Pct00.97160
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0377788
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0420378
IRS990ScheduleA/Total509Grp/TotalAmt02686494
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0537899
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0665993
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0381143
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0433698
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02747065
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01928838
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0371335
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02300173
IRS990ScheduleD/EquipmentGrp/BookValueAmt017406
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028174
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt045580
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0874075
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0318398
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022051
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1105620
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.02$4.02$2.00$1.06$1.62$0.56
2023Summary only. Only limited summary data is available for this year.$5.88$3.32$2.56$1.52$1.23$0.29
2022Summary only. Only limited summary data is available for this year.$3.79$1.52$2.27$1.86$1.13$0.73
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$1.37$1.54$1.23$1.04$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.80$1.35$0.69$0.83$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$0.78$1.49$0.71$0.75$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$0.84$1.53$0.76$0.84$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$0.96$1.61$1.45$0.75$0.71
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$1.49$0.90$0.58$0.81$0.24
2015Detailed filing. Detailed filing data is available for this year.$2.48$1.34$1.14$0.73$0.87$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.70$0.42$1.28$0.54$0.60$0.07
2013Detailed filing. Detailed filing data is available for this year.$1.62$0.28$1.35$0.79$0.54$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.10$1.10$0.51
2011Summary only. Only limited summary data is available for this year.$12.1$12.4$0.31$1.74$1.92$0.18
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits