Civic Intelligence

Housing Initiatives Corporation

EIN 74-2916479 • 501(c)3 • Dallas, TX

Profile

To provide affordable housing to low/moderate income families

5910 N Central ExpresswayDallas, TX 75206

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.09x

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

501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

6.51x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

34th percentile

-6.4%

Higher net margin than 34% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

96th percentile

232%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-79%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$287,664

Up $200,895 (+232%) from 2016

Liabilities

Up

$312,565

Up $203,984 (+188%) from 2016

Net Assets

Down

-$24,901

Down $3,089 (-14%) from 2016

Operations
Liabilities / Revenue99th percentileNet Margin34th percentile

Revenue

Down

$48,000

Down $182,000 (-79%) from 2016

Expenses

Down

$51,089

Down $142,203 (-74%) from 2016

Net Income

Down

-$3,089

Down $39,797 (-108%) from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2011: $7,443,374Liabilities 2011: $9,293,735Net Assets 2011: -$1,850,3612011Assets 2012: $7,419,040Liabilities 2012: $9,299,731Net Assets 2012: -$1,880,6912012Assets 2013: $1Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $1Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $1Liabilities 2015: $58,520Net Assets 2015: -$58,5202015Assets 2016: $86,769Liabilities 2016: $108,581Net Assets 2016: -$21,8122016Assets 2017: $287,664Liabilities 2017: $312,565Net Assets 2017: -$24,9012017

Highlighted filing

2017

Assets$287,664
Liabilities$312,565
Net Assets-$24,901
Open 2017 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,785,995Expenses 2011: $1,501,395Net Income 2011: $284,6002011Revenue 2012: $1,587,906Expenses 2012: $1,618,236Net Income 2012: -$30,3302012Revenue 2013: $2,502,588Expenses 2013: $621,897Net Income 2013: $1,880,6912013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $58,520Net Income 2015: -$58,5202015Revenue 2016: $230,000Expenses 2016: $193,292Net Income 2016: $36,7082016Revenue 2017: $48,000Expenses 2017: $51,089Net Income 2017: -$3,0892017

Highlighted filing

2017

Revenue$48,000
Expenses$51,089
Net Income-$3,089
Open 2017 Filing

Filings

Most recent year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$287,664
Liabilities
$312,565
Net assets
-$24,901
Revenue
$48,000
Expenses
$51,089
Net income
-$3,089
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.29$0.31$0.02$0.05$0.05$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.09$0.11$0.02$0.23$0.19$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.06$0.06$0.00$0.06$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$2.50$0.62$1.88
2012Summary only. Only limited summary data is available for this year.$7.42$9.30$1.88$1.59$1.62$0.03
2011Summary only. Only limited summary data is available for this year.$7.44$9.29$1.85$1.79$1.50$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$48,000
Mission and Program Overview

Mission

To provide affordable housing to low/moderate income families

Program Services

DescriptionGrantsExpenses
AS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO), DURING 2015, THE ORGANIZATION SPONSORED THE DEVELOPMENT OF A 300 UNIT LOW AND MODERATE INCOME MULTI-FAMILY HOUSING DEVELOPMENT IN ACCORDANCE WITH THE HOME INVESTMENT PARTNERSHIPS ACT OF 1990. THE PROJECT, KNOWN AS THE WATERS AT SUNRISE, IS LOCATED IN ROUND ROCK, TEXAS.$51,089-
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DANIEL FRENCHTrustee-$0--
MICHAEL NGUYENTrustee-$0--
JOANN GONZALESTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Housing Initiatives Corporation
EIN
74-2916479
Phone
4692068900
Address
5910 N CENTRAL EXPRESSWAY, DALLAS, TX 75206

Signing Officer

Name
Michael Nguyen
Title
President
Signed
2018-11-15
Discuss with paid preparer
Yes

Preparer

Firm
M Group Llp
Address
515 W SOUTHLAKE BLVD Ste 150, SOUTHLAKE, TX 76092-6176
Preparer
Michael C Martin
Phone
8178651360
Supplemental Narrative

Additional Explanations

Other Expenses.1

“Other administrative $8000”

Other Assets.1005

“Accounts Receivable - Beginning $50000 Accounts Receivable - Ending $0”

Total Liabilities.1

“Due to affiliates - Beginning $108581 Due to affiliates - Ending $312565”

Raw XML Appendix139 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0ELIZABETH SNYDER
IRS990EZ/BooksInCareOfDetail/PhoneNum08174107712
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0DALLAS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd075206
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt036769
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0287664
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-3089
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt031909
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt086769
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0287664
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt048000
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-21812
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-24901
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-21812
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-24901
IRS990EZ/OccupancyRentUtltsAndMaintAmt02500
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DANIEL FRENCH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MICHAEL NGUYEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JOANN GONZALES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Trustee
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt050000
IRS990EZ/OtherExpensesTotalAmt08000
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE AFFORDABLE HOUSING TO LOW/MODERATE INCOME FAMILIES
IRS990EZ/ProgramServiceRevenueAmt048000
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0AS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO), DURING 2015, THE ORGANIZATION SPONSORED THE DEVELOPMENT OF A 300 UNIT LOW AND MODERATE INCOME MULTI-FAMILY HOUSING DEVELOPMENT IN ACCORDANCE WITH THE HOME INVESTMENT PARTNERSHIPS ACT OF 1990. THE PROJECT, KNOWN AS THE WATERS AT SUNRISE, IS LOCATED IN ROUND ROCK, TEXAS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt051089
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0true
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt08680
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0108581
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0312565
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt051089
IRS990EZ/TotalProgramServiceExpensesAmt051089
IRS990EZ/TotalRevenueAmt048000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt050000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt050000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt048000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0180000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0228000
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0278000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt048000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0230000
IRS990ScheduleA/Total509Grp/TotalAmt0278000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt048000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0230000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0278000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER ADMINISTRATIVE $8000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Accounts Receivable - Beginning $50000 Accounts Receivable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Due to affiliates - Beginning $108581 Due to affiliates - Ending $312565
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Total Liabilities.1
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL NGUYEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOUSING INITIATIVES CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0HOUS
ReturnHeader/Filer/EIN0742916479
ReturnHeader/Filer/PhoneNum04692068900
ReturnHeader/Filer/USAddress/AddressLine1Txt05910 N CENTRAL EXPRESSWAY
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075206
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263548566
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0M GROUP LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0515 W SOUTHLAKE BLVD Ste 150
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOUTHLAKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0760926176
ReturnHeader/PreparerPersonGrp/PhoneNum08178651360
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL C MARTIN
ReturnHeader/ReturnTs02018-11-15T11:38:06-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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