Civic Intelligence

Rigsby Inc

990 • Fiscal year 2017 • EIN 74-2803275

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 20, 2018

3821 Juniper Trace Ste 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

47th percentile

0.07x

Higher debt load relative to assets than 47% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

58th percentile

0.15x

Higher debt load relative to revenue than 58% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

40th percentile

0.0%

Higher net margin than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

41st percentile

0.5%

Faster asset growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

46th percentile

2.9%

Faster revenue growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,228,101

Up $22,972 (+0.5%) from 2016

Net Assets

Up

$3,919,018

Up $555 (+0.0%) from 2016

Liabilities

Up

$309,083

Up $22,417 (+7.8%) from 2016

Revenue

Up

$2,040,908

Up $58,219 (+2.9%) from 2016

Expenses

Down

$2,040,353

Down $88,630 (-4.2%) from 2016

Net Income

Up

$555

Up $146,849 (+100%) from 2016

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

2017

Assets$4,228,101
Liabilities$309,083
Net Assets$3,919,018

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

2017

Revenue$2,040,908
Expenses$2,040,353
Net Income$555
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 20, 2018
Return Version
2017v2.2
Gross Receipts
$2,040,908
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$3,758,839$3,743,543▼ $15,296
Accounts Receivable$77,921$95,349▲ $17,428
Cash and Non-Interest-Bearing Accounts$89,731$58,461▼ $31,270
Prepaid Expenses and Deferred Charges$26,855$26,925▲ $70
Total Assets$4,205,129$4,228,101▲ $22,972
Other Assets Total$251,783$303,823▲ $52,040
Liabilities
Accounts Payable and Accrued Expenses$178,304$164,313▼ $13,991
Other Liabilities$64,368$104,223▲ $39,855
Deferred Revenue$43,994$40,547▼ $3,447
Total Liabilities$286,666$309,083▲ $22,417
Net Assets / Fund Balance
Unrestricted Net Assets$3,918,463$3,919,018▲ $555
Total Net Assets Fund Balance$3,918,463$3,919,018▲ $555
Total Liabilities and Net Assets / Fund Balance$4,205,129$4,228,101▲ $22,972

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,527,234$3,241,737$6,768,971
Equipment$155,465$1,286,317$1,441,782
Land$60,844-$60,844
Other Assets Org$66,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
William P WensonChairman
Charles B StewartDirector
PAIGE O'HARADirector
Michelle WensonSecretary
Dan McintyreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,040,908
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$555

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,040,908
Total Revenue per Audited Statements
$2,040,908
Total Revenue per Form 990
$2,040,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,040,353
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$694,369--$694,369
Depreciation Depletion$236,997--$236,997
Payments to Affiliates$160,069--$160,069
Insurance$85,988--$85,988
Office Expenses$19,481--$19,481
Fees for Services Accounting$10,560$5,000-$15,560
Other Expenses$15,361--$15,361
All Other Expenses$6,975--$6,975
Travel$4,785--$4,785
Advertising$4,538--$4,538
Fees for Services Legal$3,129--$3,129
Total Functional Expenses$2,035,353$5,000$0$2,040,353

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,040,353
Total Expenses per Audited Statements$2,040,353
Total Expenses per Form 990$2,040,353
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$95,718
-Common MgtOperating AdvanceNo$40,000
-Common MgtAsset Mgt FeesNo$32,176
-Common MgtAsset Mgt FeesNo$32,175
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$64,223
Due to Related Party$40,000
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 STE 208, BEE CAVE, TX 78738
Doing Business As
Oak Meadow Villa Apartments

Signing Officer

Name
William P Wenson
Title
Chairman
Phone
5122887200
Signed
2018-02-20

Organization Details

Principal Officer
William P Wenson
Formed
1996
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Davis Ray & Co Pc
Address
PO BOX 309, SEMINOLE, TX 79360
Preparer
Derek Ray
Phone
4327583226
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IRS990ScheduleD/TotalRevenuePerForm990Amt02040908
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0PRODIGEM LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1SHELTERING A NATION INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2SAN ANTONIO ALTERNATIVE HOUSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt3SHELTERING A NATION INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON MGT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1COMMON MGT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2COMMON MGT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3COMMON MGT
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt232175
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt340000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROPERTY MGT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1ASSET MGT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2ASSET MGT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3OPERATING ADVANCE
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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
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SHELTERING A NATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt13821 JUNIPER TRACE STE 208
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SAN ANTONIO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1BEE CAVE
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt095718
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt132176
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt232175
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt340000
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PRODIGEM LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1SHELTERING A NATION INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2SAN ANTONIO ALTERNATIVE HOUSING
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3SHELTERING A NATION INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1M
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IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt02040353
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0309083
IRS990/TotalLiabilitiesGrp/BOYAmt0286666
IRS990/TotalLiabilitiesGrp/EOYAmt0309083
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03918463
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IRS990/TotalProgramServiceExpensesAmt02035353
IRS990/TotalProgramServiceRevenueAmt02040908
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02040908
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02040908
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04205129
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04228101
IRS990/TravelGrp/ProgramServicesAmt04785
IRS990/TravelGrp/TotalAmt04785
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03918463
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03919018
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM P WENSON

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