Civic Intelligence

Spectrum Housing

990 • Fiscal year 2019 • EIN 75-2435901

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileN/A
4851 Keller SpringsAddison, TX 75001

(954) 525-2858

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

99th percentile

$203,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 55.2% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$58,937

Down $109,859 (-65%) from 2014

Net Assets

Up

$58,937

Up $262,183 (+129%) from 2014

Liabilities

Down

$0

Down $372,042 (-100%) from 2014

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin89th percentile

Revenue

Up

$368,000

Up $311,159 (+547%) from 2014

Expenses

Up

$209,063

Up $153,686 (+278%) from 2014

Net Income

Up

$158,937

Up $157,473 (+10756%) from 2014

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0-$500KAssets 2010: $642,270Liabilities 2010: $377,905Net Assets 2010: $264,3652010Assets 2011: $628,496Liabilities 2011: $380,231Net Assets 2011: $248,2652011Assets 2012: $223,111Liabilities 2012: $405,6932012Assets 2013: $204,242Liabilities 2013: $408,9522013Assets 2014: $168,796Liabilities 2014: $372,042Net Assets 2014: -$203,2462014Assets 2019: $58,937Liabilities 2019: $0Net Assets 2019: $58,9372019Assets 2020: $129,132Liabilities 2020: $0Net Assets 2020: $129,1322020Assets 2021: $94,628Net Assets 2021: $94,6282021Assets 2022: $156,653Net Assets 2022: $156,6532022Assets 2023: $3,299Liabilities 2023: $02023

Highlighted filing

2019

Assets$58,937
Liabilities$0
Net Assets$58,937
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$500K$0-$500KRevenue 2010: $82,317Expenses 2010: $183,371Net Income 2010: -$101,0542010Revenue 2011: $31,525Expenses 2011: $47,625Net Income 2011: -$16,1002011Revenue 2012: $52,227Expenses 2012: $483,074Net Income 2012: -$430,8472012Revenue 2013: $12,077Expenses 2013: $34,205Net Income 2013: -$22,1282013Revenue 2014: $56,841Expenses 2014: $55,377Net Income 2014: $1,4642014Revenue 2019: $368,000Expenses 2019: $209,063Net Income 2019: $158,9372019Revenue 2020: $303,756Expenses 2020: $233,561Net Income 2020: $70,1952020Revenue 2021: $0Expenses 2021: $34,504Net Income 2021: -$34,5042021Revenue 2022: $23,370Expenses 2022: $161,345Net Income 2022: -$137,9752022Revenue 2023: $364Expenses 2023: $153,718Net Income 2023: -$153,3542023

Highlighted filing

2019

Revenue$368,000
Expenses$209,063
Net Income$158,937
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$368,000
Mission and Program Overview

Mission

The primary exempt purpose of the company is to provide decent, safe and affordable housing to low-income and moderate-income individuals and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$100,000--
Cash and Non-Interest-Bearing Accounts-$19,329-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$0$58,937▲ $58,937
Other Assets Total-$39,608-
Liabilities
Total Liabilities$100,000$0▼ $100,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-100,000$58,937▲ $158,937
Total Net Assets Fund Balance$-100,000$58,937▲ $158,937
Total Liabilities and Net Assets / Fund Balance$0$58,937▲ $58,937
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Lori JordanPresidentPT$203,000$203,000
Berri McBrideVice PresidentPT$5,000$5,000

Board Members and Trustees

NameTitle
Frederick D SchnurrExecutive Director
Sheldon SchreibergSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$100,000
Program Service Revenue
$268,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$100,000
Change in Net Assets
$158,937
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$208,000
Other Expenses$563
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$156,300$51,700-$208,000
Foreign Grants$500--$500
Other Expenses$392$171-$171
Total Functional Expenses$157,192$51,871$0$209,063
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$100,000--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
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
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“990 is reviewed by Executive Director and approved prior to finalizing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization regularly monitors and enforces conflict of interest policy at each board of directors meetings.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documents are made available by written request.”

Filing and Contact Details

Filer

Filer Name
Spectrum Housing
EIN
75-2435901
Phone
9545252858
Address
4851 Keller Springs, Addison, TX 75001

Signing Officer

Name
Frederick D Schnurr
Title
Executive Director
Signed
2020-11-13

Organization Details

Formed
2000
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
0
Employees
0

Preparer

Firm
M Group Llp
Address
515 W SOUTHLAKE BLVD Ste 150, SOUTHLAKE, TX 76092-6176
Preparer
Michael C Martin
Phone
8178651360
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Frederick D Schnurr
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 is reviewed by Executive Director and approved prior to finalizing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization regularly monitors and enforces conflict of interest policy at each board of directors meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents are made available by written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0Spectrum Housing
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0753138799
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Affordable Housing
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0MAEDC Gainesville GP LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt04851 Keller Springs Road Suite 209
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Addison TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd075001
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0830563228
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1320100097
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd1true
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.02000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct10.00020
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0Related
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt1Related
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0Senior Multifamily
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1Affordable Housing
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0BSPV Plano LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1MAEDC Gainesville Seniors LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt039608
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt04851 Keller Springs Road Suite 209
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt14851 Keller Springs Road Suite 209
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1Addison
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1TX
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd175001
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0250000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt118000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BSPV Plano LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MAEDC Gainesville Seniors LP
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0s
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1s
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt058937
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt058937
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0100000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051871
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0157192
IRS990/TotalFunctionalExpensesGrp/TotalAmt0209063
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0100000
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0100000
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-100000
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IRS990/TotalOtherCompensationAmt0208000
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,937
Liabilities
$0
Net assets
$58,937
Revenue
$368,000
Expenses
$209,063
Net income
$158,937
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.03$0.00$0.00$1.54$1.53
2022Detailed filing. Detailed filing data is available for this year.$1.57$1.57$0.23$1.61$1.38
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.95$0.00$0.35$0.35
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.00$1.29$3.04$2.34$0.70
2019Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$3.68$2.09$1.59
2014Detailed filing. Detailed filing data is available for this year.$1.69$3.72$2.03$0.57$0.55$0.01
2013Summary only. Only limited summary data is available for this year.$2.04$4.09$0.12$0.34$0.22
2012Summary only. Only limited summary data is available for this year.$2.23$4.06$0.52$4.83$4.31
2011Summary only. Only limited summary data is available for this year.$6.28$3.80$2.48$0.32$0.48$0.16
2010Summary only. Only limited summary data is available for this year.$6.42$3.78$2.64$0.82$1.83$1.01