Civic Intelligence

Rigsby Inc

990 • Fiscal year 2014 • EIN 74-2803275

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 03, 2015

3821 Juniper TraceRoom/Suite 208Bee Cave, TX 78738

(512) 288-7200

Siviq Scores

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

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

42nd percentile

0.07x

Higher debt load relative to revenue than 42% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

37th percentile

-0.7%

Higher net margin than 37% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

45th percentile

0.7%

Faster asset growth than 45% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$4,386,917

Up $32,628 (+0.7%) from 2013

Net Assets

Down

$4,254,294

Down $13,690 (-0.3%) from 2013

Liabilities

Up

$132,623

Up $46,318 (+54%) from 2013

Revenue

Up

$1,825,823

Up $207,215 (+13%) from 2013

Expenses

Up

$1,839,513

Up $178,521 (+11%) from 2013

Net Income

Up

-$13,690

Up $28,694 (+68%) from 2013

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,722,412Liabilities 2011: $329,329Net Assets 2011: $4,393,0832011Assets 2012: $4,524,340Liabilities 2012: $213,972Net Assets 2012: $4,310,3682012Assets 2013: $4,354,289Liabilities 2013: $86,305Net Assets 2013: $4,267,9842013Assets 2014: $4,386,917Liabilities 2014: $132,623Net Assets 2014: $4,254,2942014Assets 2015: $4,304,623Liabilities 2015: $239,866Net Assets 2015: $4,064,7572015Assets 2016: $4,205,129Liabilities 2016: $286,666Net Assets 2016: $3,918,4632016Assets 2017: $4,228,101Liabilities 2017: $309,083Net Assets 2017: $3,919,0182017Assets 2018: $3,907,853Liabilities 2018: $103,111Net Assets 2018: $3,804,7422018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2014

Assets$4,386,917
Liabilities$132,623
Net Assets$4,254,294

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,379,940Expenses 2011: $1,877,498Net Income 2011: -$497,5582011Expenses 2012: $1,767,6582012Revenue 2013: $1,618,608Expenses 2013: $1,660,992Net Income 2013: -$42,3842013Revenue 2014: $1,825,823Expenses 2014: $1,839,513Net Income 2014: -$13,6902014Revenue 2015: $1,933,295Expenses 2015: $2,122,832Net Income 2015: -$189,5372015Revenue 2016: $1,982,689Expenses 2016: $2,128,983Net Income 2016: -$146,2942016Revenue 2017: $2,040,908Expenses 2017: $2,040,353Net Income 2017: $5552017Revenue 2018: $2,023,567Expenses 2018: $2,137,843Net Income 2018: -$114,2762018Revenue 2019: $2,850,364Expenses 2019: $6,655,106Net Income 2019: -$3,804,7422019

Highlighted filing

2014

Revenue$1,825,823
Expenses$1,839,513
Net Income-$13,690
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 3, 2015
Return Version
2014v5.0
Gross Receipts
$1,825,823
Mission and Program Overview

Mission

To provide decent, safe and affordable housing to low-income individuals and families in san antonio, texas through ownership and operation of a 220 unit apartment complex.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,089,682$3,988,778▼ $100,904
Accounts Receivable$93,695$99,799▲ $6,104
Prepaid Expenses and Deferred Charges$16,227$49,471▲ $33,244
Cash and Non-Interest-Bearing Accounts$13,702$12,426▼ $1,276
Total Assets$4,354,289$4,386,917▲ $32,628
Other Assets Total$140,983$236,443▲ $95,460
Liabilities
Accounts Payable and Accrued Expenses$23,083$63,032▲ $39,949
Other Liabilities$57,202$61,502▲ $4,300
Deferred Revenue$6,020$8,089▲ $2,069
Total Liabilities$86,305$132,623▲ $46,318
Net Assets / Fund Balance
Unrestricted Net Assets$4,267,984$4,254,294▼ $13,690
Total Net Assets Fund Balance$4,267,984$4,254,294▼ $13,690
Total Liabilities and Net Assets / Fund Balance$4,354,289$4,386,917▲ $32,628

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,828,663$2,730,514$6,559,177
Equipment$99,271$1,191,700$1,290,971
Land$60,844-$60,844
Other Assets Org$64,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rod RadleCo-chair
William P WensonCo-chair
Danny HernandezDirector
Mike SwettDirector
Sarah Marie LucioDirector
Michelle WensonSecretary
Larry GarzaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,825,823
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-13,690

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,825,823
Total Revenue per Audited Statements
$1,825,823
Total Revenue per Form 990
$1,825,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,839,513
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$667,735--$667,735
Depreciation Depletion$243,386--$243,386
Payments to Affiliates$141,880--$141,880
Insurance$65,672--$65,672
Office Expenses$22,076--$22,076
All Other Expenses$16,563--$16,563
Fees for Services Accounting$15,560--$15,560
Fees for Services Legal$12,838--$12,838
Other Expenses$11,629--$11,629
Travel$1,631--$1,631
Total Functional Expenses$1,839,513$0$0$1,839,513

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,839,513
Total Expenses per Audited Statements$1,839,513
Total Expenses per Form 990$1,839,513
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Common MgtProperty Mgt FeesNo$85,128
-Common MgtAsset Mgt FeesNo$28,376
-Common MgtAsset Mgt FeesNo$28,376
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$61,502
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

William p. Wenson michelle wenson co-chair secretary married

Form 990, Page 6, Part VI, Line 3

All day-to-day operations of the apartment project are managed by prodigem, llc.

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

A copy of form 990 is provided to william wenson for review before submitting to the irs.

Form 990, Page 6, Part VI, Line 12C

A copy of conflict of interest policy may be attained by written request.

Form 990, Page 6, Part VI, Line 19

All governing documents made available upon written request.

Filing and Contact Details

Filer

Filer Name
Rigsby Inc
EIN
74-2803275
Phone
5122887200
Address
3821 JUNIPER TRACE, ROOM/SUITE 208, BEE CAVE, TX 78738
Doing Business As
Oak Meadow Villa Apartments

Signing Officer

Name
William P Wenson
Title
Co-chair
Phone
5122887200
Signed
2015-03-03

Organization Details

Principal Officer
Bill Wenson
Formed
1996
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Davis Ray & Co Pc
Address
PO BOX 309, SEMINOLE, TX 79360
Preparer
Bill Ray
Phone
4327583226
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt01191700
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01290971
IRS990ScheduleD/ExpensesSubtotalAmt01839513
IRS990ScheduleD/LandGrp/BookValueAmt060844
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060844
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt090943
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt181500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt264000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVES-WELLS FARGO
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt061502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01825823
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03988778
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0236443
IRS990ScheduleD/TotalExpensesPerForm990Amt01839513
IRS990ScheduleD/TotalLiabilityAmt061502
IRS990ScheduleD/TotalRevenuePerForm990Amt01825823
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01825823
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01839513
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0PRODIGEM LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1SHELTERING A NATION INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2SAN ANTONIO ALTERNATIVE HOUSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON MGT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1COMMON MGT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2COMMON MGT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt085128
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt128376
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt228376
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERTY MGT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1ASSET MGT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2ASSET MGT FEES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WILLIAM P. WENSON MICHELLE WENSON CO-CHAIR SECRETARY MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DAY-TO-DAY OPERATIONS OF THE APARTMENT PROJECT ARE MANAGED BY PRODIGEM, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 IS PROVIDED TO WILLIAM WENSON FOR REVIEW BEFORE SUBMITTING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF CONFLICT OF INTEREST POLICY MAY BE ATTAINED BY WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS MADE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SAN ANTONIO ALTERNATIVE HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SHELTERING A NATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0742691645
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1742736419
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt19
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01215 S TRINITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt13821 JUNIPER TRACE STE 208
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SAN ANTONIO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1BEE CAVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd078207
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd178738
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04354289
IRS990/TotalAssetsEOYAmt04386917
IRS990/TotalAssetsGrp/BOYAmt04354289
IRS990/TotalAssetsGrp/EOYAmt04386917
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01839513
IRS990/TotalFunctionalExpensesGrp/TotalAmt01839513
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt086305
IRS990/TotalLiabilitiesEOYAmt0132623
IRS990/TotalLiabilitiesGrp/BOYAmt086305
IRS990/TotalLiabilitiesGrp/EOYAmt0132623
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04267984
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04254294
IRS990/TotalProgramServiceExpensesAmt01839513
IRS990/TotalProgramServiceRevenueAmt01825823
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01825823
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01825823
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04354289
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04386917
IRS990/TravelGrp/ProgramServicesAmt01631
IRS990/TravelGrp/TotalAmt01631
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04267984
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04254294
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03821 JUNIPER TRACE SUITE 208
IRS990/USAddress/CityNm0BEE CAVE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078738
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false

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