Civic Intelligence

Ability Resources Inc

EIN 75-2389326 • 501(c)3 • Fort Worth, TX

Profile

Ability resources provides housing for indivduals with low income and disabilities.

6040 Camp Bowie No 31Fort Worth, TX 76116-5511

n/A

Siviq Scores

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

Liabilities / Assets

50th percentile

0.06x

Higher debt load relative to assets than 50% of similar nonprofits.

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

Liabilities / Revenue

76th percentile

0.35x

Higher debt load relative to revenue than 76% of similar nonprofits.

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

Net Margin

8th percentile

-38%

Higher net margin than 8% of similar nonprofits.

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

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

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

Asset Growth

19th percentile

-8.2%

Faster asset growth than 19% of similar nonprofits.

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

Revenue Growth

32nd percentile

-2.9%

Faster revenue growth than 32% of similar nonprofits.

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

Assets

Down

$1,257,489

Down $111,998 (-8.2%) from 2014

Liabilities

Down

$78,826

Down $21,281 (-21%) from 2014

Net Assets

Down

$1,178,663

Down $90,717 (-7.1%) from 2014

Revenue

Down

$227,953

Down $6,722 (-2.9%) from 2014

Expenses

Up

$315,166

Up $25,388 (+8.8%) from 2014

Net Income

Down

-$87,213

Down $32,110 (-58%) from 2014

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,502,886Liabilities 2011: $137,900Net Assets 2011: $1,364,9862011Assets 2012: $1,473,482Liabilities 2012: $119,062Net Assets 2012: $1,354,4202012Assets 2013: $1,435,927Liabilities 2013: $106,868Net Assets 2013: $1,329,0592013Assets 2014: $1,369,487Liabilities 2014: $100,107Net Assets 2014: $1,269,3802014Assets 2015: $1,257,489Liabilities 2015: $78,826Net Assets 2015: $1,178,6632015

Highlighted filing

2015

Assets$1,257,489
Liabilities$78,826
Net Assets$1,178,663

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $242,894Expenses 2011: $252,494Net Income 2011: -$9,6002011Revenue 2012: $257,083Expenses 2012: $262,634Net Income 2012: -$5,5512012Revenue 2013: $228,836Expenses 2013: $256,387Net Income 2013: -$27,5512013Revenue 2014: $234,675Expenses 2014: $289,778Net Income 2014: -$55,1032014Revenue 2015: $227,953Expenses 2015: $315,166Net Income 2015: -$87,2132015

Highlighted filing

2015

Revenue$227,953
Expenses$315,166
Net Income-$87,213

Filings

Latest Detailed Filing

The latest 2015 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 28, 2015
Return Version
2014v5.0
Gross Receipts
$234,675
Mission and Program Overview

Mission

Ability resources provides housing for indivduals with low income and disabilities.

To provide safe, accessible, affordable rental housing for low income persons with disablities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,299,975$1,238,581▼ $61,394
Loans From Officers Directors$87,354$73,716▼ $13,638
Accounts Receivable$46,230$61,772▲ $15,542
Cash and Non-Interest-Bearing Accounts$76,228$55,450▼ $20,778
Prepaid Expenses and Deferred Charges$8,740$8,740→ $0
Total Assets$1,435,927$1,369,487▼ $66,440
Other Assets Total$4,754$4,944▲ $190
Liabilities
Accounts Payable and Accrued Expenses$19,514$26,391▲ $6,877
Total Liabilities$106,868$100,107▼ $6,761
Net Assets / Fund Balance
Unrestricted Net Assets$1,329,059$1,269,380▼ $59,679
Total Net Assets Fund Balance$1,329,059$1,269,380▼ $59,679
Total Liabilities and Net Assets / Fund Balance$1,435,927$1,369,487▼ $66,440

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,123,548$886,173$2,009,721
Land$112,000-$112,000
Equipment$3,033$43,619$46,652
Other Land Buildings$0$6,280$6,280
Compensation and Service Providers

Board Members and Trustees

NameTitle
Doug KnottPresident
Jayne DawsonBoard Member
Linda TaylorBoard Member
Robbie DeenBoard Member
Ryan PoeBoard Member
William FullerSecretary / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,000
Program Service Revenue
$200,901
Investment Income
$22
Other Revenue
$27,752
All Other Contributions
$6,000
Change in Net Assets
$-55,103
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$225,421
Salaries, Compensation, and Employee Benefits$64,307
Total Fundraising Expense$2,775
Grants and Similar Amounts Paid$50
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$70,687--$70,687
Other Salaries and Wages$37,415$17,432$2,575$57,422
Occupancy$42,328$2,247-$44,575
Insurance$20,422$626-$21,048
Office Expenses-$13,090-$13,090
Fees for Services Accounting-$7,651-$7,651
Payroll Taxes$5,336$1,349$200$6,885
Interest$2,780--$2,780
Other Expenses$1,818--$1,818
Grants to Domestic Orgs$50--$50
Total Functional Expenses$244,608$42,395$2,775$289,778
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$9,576
Gaming Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$87,354$73,716▼ $13,638
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Submitted to the executive director for review. The executive director informs the full board of directors of her approval, and a copy of the form 990 is provided to the board of directors for review. Directors report back any changes they deem necessary.

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

The board of directors is responsible for monitoring both themselves and others for interests that could give rise to conflicts. Any reported conflicts are then recorded in the board minutes.

Form 990, Part VI, Section B, Line 15

The board of directors approves all salaries.

Form 990, Part VI, Section C, Line 19

Written documents can be reviewed in management office

Filing and Contact Details

Filer

Filer Name
Ability Resources Inc
EIN
75-2389326
Phone
8173771046
Address
6040 CAMP BOWIE NO 31, FORT WORTH, TX 76116-5511

Signing Officer

Name
Doug Knott
Title
President
Phone
8173771046
Signed
2015-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Knott
Formed
1992
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
0

Preparer

Firm
The Walton Group LLC
Address
6100 SOUTHWEST BLVD 400, FORT WORTH, TX 76109
Preparer
Mark L Walton
Phone
8177311155
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Timing difference - trust -4,576.

Financial Statement Notes

PART X, LINE 2:

The agency believes that it has appropriate support for any tax positions taken and as such does not have any uncertain tax positions that are material to the consolidated financial statements. The agency's federal tax returns, u.s. Return of organization exempt from income tax (forms 990 and 990-t) are subject to examination by the internal revenue service generally three years after they are filed.

Raw XML AppendixShowing 400 of 546 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.

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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt015265
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt016794
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt013642
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt058187
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01123548
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0886173
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02009721
IRS990ScheduleD/EquipmentGrp/BookValueAmt03033
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043619
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt046652
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0112000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0112000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06280
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06280
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE AGENCY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE AGENCY'S FEDERAL TAX RETURNS, U.S. RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORMS 990 AND 990-T) ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01238581
IRS990ScheduleG/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/GamingInformationGrp/GrossRevenueBingoAmt0-20085
IRS990ScheduleG/GamingInformationGrp/GrossRevenuePullTabsAmt029661
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt09576
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt09576
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd00
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd00
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd00
IRS990ScheduleG/LicensedInd00
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd01
IRS990ScheduleG/PersonsWithBooksName/BusinessNameLine1Txt0WILLIAM J WOODWARD
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0PO BOX 150685
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0FORT WORTH
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0TX
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd076108
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0ABILITY RESOURCES, INC. DOES NOT CONDUCT GAMING ACTIVITIES. HOWEVER, IT IS THE BENEFICIARY OF A GRANTOR TRUST, CHERRY LANE UNIT. THIS TRUST OPERATES BINGO GAMES AS REGULATED BY THE STATE OF TEXAS. THE TRUST DISTRIBUTES NET EARNINGS TO ITS BENEFICIARIES. AS ONE OF THE BENEFICIARIES, ABILITY RESOURCES, INC. REPORTS THEIR PORTION OF TRUST NET INCOME ON FORM 990 AND 990T.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PART III
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt073716
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0AILEEN YAGER & JESSE SEAWELL IRREVOCABLE TRUST
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO PROVIDE REPAYMENT ON GRANT ABROGATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0125000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt073716
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUBMITTED TO THE EXECUTIVE DIRECTOR FOR REVIEW. THE EXECUTIVE DIRECTOR INFORMS THE FULL BOARD OF DIRECTORS OF HER APPROVAL, AND A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW. DIRECTORS REPORT BACK ANY CHANGES THEY DEEM NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS RESPONSIBLE FOR MONITORING BOTH THEMSELVES AND OTHERS FOR INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ANY REPORTED CONFLICTS ARE THEN RECORDED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS APPROVES ALL SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WRITTEN DOCUMENTS CAN BE REVIEWED IN MANAGEMENT OFFICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TIMING DIFFERENCE - TRUST -4,576.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ACCESSIBLE HOMES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ACCESSIBLE RESIDENCES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2INTEGRATED LIVING SPACES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0752694401
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1752586292
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2721559390
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDING AFFORDABLE, ACCESSIBLE HOUSING FOR LOW-INCOME DISABLED PERSONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PROVIDING AFFORDABLE, ACCESSIBLE HOUSING FOR LOW-INCOME DISABLED PERSONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2PROVIDING AFFORDABLE, ACCESSIBLE HOUSING FOR LOW-INCOME DISABLED PERSONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06040 CAMP BOWIE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt16040 CAMP BOWIE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt26040 CAMP BOWIE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FORT WORTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1FORT WORTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2FORT WORTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0761165511
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd1761165511
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd2761165511
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00

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