Civic Intelligence

Langtry Village Inc

990 • Fiscal year 2020 • EIN 75-1894650

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 20, 2021

Organization Profile
2200 N PecosMidland, TX 79705

(432) 682-0011

Siviq Scores

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

Liabilities / Assets

98th percentile

1.86x

Higher debt load relative to assets than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

5.28x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

25th percentile

-7.8%

Higher net margin than 25% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

14th percentile

-5.6%

Faster asset growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

6.7%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$1,659,142

Down $99,211 (-5.6%) from 2019

Net Assets

Down

-$1,434,103

Down $45,892 (-3.3%) from 2019

Liabilities

Down

$3,093,245

Down $53,319 (-1.7%) from 2019

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin25th percentile

Revenue

Up

$585,453

Up $36,613 (+6.7%) from 2019

Expenses

Up

$631,345

Up $90,401 (+17%) from 2019

Net Income

Down

-$45,892

Down $53,788 (-681%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2010: $1,411,198Liabilities 2010: $2,100,161Net Assets 2010: -$688,9632010Assets 2011: $1,345,590Liabilities 2011: $2,035,327Net Assets 2011: -$689,7372011Assets 2012: $1,260,953Liabilities 2012: $1,972,519Net Assets 2012: -$711,5662012Assets 2013: $1,213,205Liabilities 2013: $1,963,325Net Assets 2013: -$750,1202013Assets 2014: $2,460,417Liabilities 2014: $3,376,226Net Assets 2014: -$915,8092014Assets 2015: $2,235,310Liabilities 2015: $3,329,688Net Assets 2015: -$1,094,3782015Assets 2016: $2,095,471Liabilities 2016: $3,281,867Net Assets 2016: -$1,186,3962016Assets 2017: $1,946,647Liabilities 2017: $3,235,600Net Assets 2017: -$1,288,9532017Assets 2018: $1,815,907Liabilities 2018: $3,212,013Net Assets 2018: -$1,396,1062018Assets 2019: $1,758,353Liabilities 2019: $3,146,564Net Assets 2019: -$1,388,2112019Assets 2020: $1,659,142Liabilities 2020: $3,093,245Net Assets 2020: -$1,434,1032020Assets 2021: $1,567,413Liabilities 2021: $3,008,228Net Assets 2021: -$1,440,8152021Assets 2022: $1,436,597Liabilities 2022: $2,931,528Net Assets 2022: -$1,494,9312022Assets 2023: $1,331,856Liabilities 2023: $2,865,238Net Assets 2023: -$1,533,3822023Assets 2024: $1,299,425Liabilities 2024: $3,014,112Net Assets 2024: -$1,714,6872024

Highlighted filing

2020

Assets$1,659,142
Liabilities$3,093,245
Net Assets-$1,434,103
Open 2020 Filing

Operations Trend

Revenue Growth61st percentile

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

$1.0M$500K$0-$500KExpenses 2010: $653,6882010Expenses 2011: $609,6942011Expenses 2012: $596,7502012Revenue 2013: $556,339Expenses 2013: $594,903Net Income 2013: -$38,5642013Revenue 2014: $568,446Expenses 2014: $734,135Net Income 2014: -$165,6892014Revenue 2015: $571,430Expenses 2015: $749,999Net Income 2015: -$178,5692015Revenue 2016: $563,099Expenses 2016: $655,117Net Income 2016: -$92,0182016Revenue 2017: $604,080Expenses 2017: $706,637Net Income 2017: -$102,5572017Revenue 2018: $544,005Expenses 2018: $667,469Net Income 2018: -$123,4642018Revenue 2019: $548,840Expenses 2019: $540,944Net Income 2019: $7,8962019Revenue 2020: $585,453Expenses 2020: $631,345Net Income 2020: -$45,8922020Revenue 2021: $578,354Expenses 2021: $585,066Net Income 2021: -$6,7122021Revenue 2022: $593,442Expenses 2022: $647,558Net Income 2022: -$54,1162022Revenue 2023: $547,746Expenses 2023: $586,198Net Income 2023: -$38,4522023Revenue 2024: $563,877Expenses 2024: $745,182Net Income 2024: -$181,3052024

Highlighted filing

2020

Revenue$585,453
Expenses$631,345
Net Income-$45,892
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 20, 2021
Return Version
2019v5.1
Gross Receipts
$585,453
Mission and Program Overview

Mission

Provide Low Income Housing for Elderly and Disabled

Langtry Village, Inc is organized under the Texas Non-Profit Act and is governed by Section 202 of the Federal Housing Act of 1959. Its 85 units are efficiency and one bedroom for only disabled age 18 and over elderly age 62 and over.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$944,955$1,472,568▲ $527,613
Savings and Temporary Cash Investments$813,398$186,574▼ $626,824
Total Assets$1,758,353$1,659,142▼ $99,211
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,085,870$3,028,333▼ $57,537
Accounts Payable and Accrued Expenses$43,365$47,855▲ $4,490
Other Liabilities$17,329$17,057▼ $272
Total Liabilities$3,146,564$3,093,245▼ $53,319
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,196,990$1,196,990→ $0
Net Assets Without Donor Restrictions$-2,585,201$-2,631,093▼ $45,892
Total Net Assets Fund Balance$-1,388,211$-1,434,103▼ $45,892
Total Liabilities and Net Assets / Fund Balance$1,758,353$1,659,142▼ $99,211

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$182,094$3,453,036$3,635,130
Leasehold Improvements$841,673$73,165$914,838
Land$448,801-$448,801
Equipment-$119,147$119,147
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Dennis BadePresident
Marjorie McQuerryVice President
Teressa ThomsonExecutive Director
Brandon BradleyMember
Cheryl WadleyMember
Sylvester CantuMember
Revenue and Support

Revenue Composition

Contributions and Grants
$352,484
Program Service Revenue
$228,762
Investment Income
$733
Other Revenue
$3,474
Change in Net Assets
$-45,892
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$631,345
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$296,753--$296,753
Depreciation Depletion$131,552--$131,552
Interest$129,504--$129,504
Office Expenses$27,357$27,357-$54,714
Fees for Services Management-$10,667-$10,667
Fees for Services Accounting-$8,155-$8,155
Total Functional Expenses$585,166$46,179$0$631,345
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
Federal income taxes$17,057
Tenant Security Deposits held in trust-
Misc. Liabilites-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section A, Line 3

“The Housing Authority of the City of Midland, Texas provides workers thru an interlocal management agreement. The Authoritys board is appointed by the mayor and Langtrys boadrd meets periodically to ratifie the descissions made. Neither board members recieve any compensation for being on the boards.”

Form 990, Part VI, Section B, Line 11

“The Executive Director reviews with Board and approves.”

Form 990, Part VI, Section B, Line 12

“Langtry Village follows U. S. Department of HUD polices and they are reviewed and monitored by local HUD field office.”

Form 990, Part VI, Section B, Line 14

“Langtry Village follows U. S. Department of HUD polices and they are reviewed and monitored by local HUD field office.”

Form 990, Part VI, Section B, Line 15

“Langtry Village follows U. S. Department of HUD polices and they are reviewed and monitored by local HUD field office. These expenditures would be approved by the Board per HUD guidlines”

Filing and Contact Details

Filer

Filer Name
Langtry Village Inc
EIN
75-1894650
Phone
4326820011
Address
2200 N PECOS, MIDLAND, TX 79705

Signing Officer

Name
Teressa Thompson-Davis
Title
Executive Director
Signed
2021-08-20
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
David A Boring CPA
Address
7302 93rd Street, Lubbock, TX 79424
Preparer
David Boring
Phone
4326386347
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

“The Housing Authority of the City of Midland, Texas provides workers thru an interlocal management agreement.”

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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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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05112
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07103
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt026554
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06545
IRS990ScheduleA/OtherIncome170Grp/TotalAmt048788
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97820
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.97850
IRS990ScheduleA/PublicSupportTotal170Amt02455376
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0245819
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0542012
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0535781
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0576377
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0555387
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02455376
IRS990ScheduleA/TotalSupportAmt02510050
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0182094
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03453036
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03635130
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0119147
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0119147
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0448801
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0448801
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0841673
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt073165
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0914838
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017057
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant Security Deposits held in trust
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Misc. Liabilites
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01472568
IRS990ScheduleD/TotalLiabilityAmt017057
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Housing Authority of the City of Midland, Texas provides workers thru an interlocal management agreement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Housing Authority of the City of Midland, Texas provides workers thru an interlocal management agreement. The Authoritys board is appointed by the mayor and Langtrys boadrd meets periodically to ratifie the descissions made. Neither board members recieve any compensation for being on the boards.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Executive Director reviews with Board and approves.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Langtry Village follows U. S. Department of HUD polices and they are reviewed and monitored by local HUD field office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Langtry Village follows U. S. Department of HUD polices and they are reviewed and monitored by local HUD field office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Langtry Village follows U. S. Department of HUD polices and they are reviewed and monitored by local HUD field office. These expenditures would be approved by the Board per HUD guidlines
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 2a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01758353
IRS990/TotalAssetsEOYAmt01659142
IRS990/TotalAssetsGrp/BOYAmt01758353
IRS990/TotalAssetsGrp/EOYAmt01659142
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0352484
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046179
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0585166
IRS990/TotalFunctionalExpensesGrp/TotalAmt0631345
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03146564
IRS990/TotalLiabilitiesEOYAmt03093245
IRS990/TotalLiabilitiesGrp/BOYAmt03146564
IRS990/TotalLiabilitiesGrp/EOYAmt03093245
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1388211
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1434103
IRS990/TotalProgramServiceExpensesAmt0585166
IRS990/TotalProgramServiceRevenueAmt0228762
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0232969
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0585453
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01758353
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01659142
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0700 W Scharbauer Drive
IRS990/USAddress/CityNm0Midland
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079705
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Teressa Thompson-Davis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LANGTRY VILLAGE INC
ReturnHeader/Filer/BusinessNameControlTxt0LANG
ReturnHeader/Filer/EIN0751894650
ReturnHeader/Filer/PhoneNum04326820011
ReturnHeader/Filer/USAddress/AddressLine1Txt02200 N PECOS
ReturnHeader/Filer/USAddress/CityNm0MIDLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079705
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0David A Boring CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07302 93rd Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lubbock
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079424
ReturnHeader/PreparerPersonGrp/PhoneNum04326386347
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David Boring
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-08-20T06:11:02-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,659,142
Liabilities
$3,093,245
Net assets
-$1,434,103
Revenue
$585,453
Expenses
$631,345
Net income
-$45,892
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$3.01$1.71$0.56$0.75$0.18
2023Summary only. Only limited summary data is available for this year.$1.33$2.87$1.53$0.55$0.59$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$2.93$1.49$0.59$0.65$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$3.01$1.44$0.58$0.59$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.66$3.09$1.43$0.59$0.63$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$3.15$1.39$0.55$0.54$0.01
2018Summary only. Only limited summary data is available for this year.$1.82$3.21$1.40$0.54$0.67$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$3.24$1.29$0.60$0.71$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.10$3.28$1.19$0.56$0.66$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.24$3.33$1.09$0.57$0.75$0.18
2014Detailed filing. Detailed filing data is available for this year.$2.46$3.38$0.92$0.57$0.73$0.17
2013Summary only. Only limited summary data is available for this year.$1.21$1.96$0.75$0.56$0.59$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$1.97$0.71$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$2.04$0.69$0.61
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$2.10$0.69$0.65