Civic Intelligence

Spectrum Housing

990EZ • Fiscal year 2022 • EIN 75-2435901

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 07, 2023

Organization ProfileN/A
4851 Keller Springs 209Addison, TX 75001

(954) 525-2858

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

2nd percentile

-590%

Higher net margin than 2% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$10,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 42.8% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

87th percentile

66%

Faster asset growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$156,653

Up $62,025 (+66%) from 2021

Net Assets

Up

$156,653

Up $62,025 (+66%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin2nd percentile

Revenue

Up

$23,370

Up $23,370 from 2021

Expenses

Up

$161,345

Up $126,841 (+368%) from 2021

Net Income

Down

-$137,975

Down $103,471 (-300%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

2022

Assets$156,653
Liabilities-
Net Assets$156,653
Open 2022 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

2022

Revenue$23,370
Expenses$161,345
Net Income-$137,975
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$23,370
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.

Program Services

DescriptionGrantsExpenses
During 2004, the Corporation was admitted as the .01% successor general partner of MAEDC Gainesville Senior Village ("Summit"), a low-income multifamily LIHTC tax credit project. Summit was organized to construct and operate a 76 unit senior complex in Gainesville, Texas and is subject to land use agreements restricting tenant incomes. During 2020, the Corporation disposed of the Summit partnership investment.During 2019, the Corporation was admitted as the 2% managing member of BSPV-Plano, LLC, a 318 unit senior multifamily project in Plano, TX. The project, known as Bridgemoor at Plano, must lease 20% of its units to individuals and families whose income does not exceed 50% of the area median family income. The project was placed in service during 2022.-$132,915
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frederick D SchnurrExecutive Director-$10,000-$10,000
Sheldon SchreibergSecretary-$10,000-$10,000
Lori JordanDirector-$2,000-$2,000
Berri McBrideVice President-$0--
Filing and Contact Details

Filer

Filer Name
Spectrum Housing
EIN
75-2435901
Phone
9545252858
Address
4851 Keller Springs 209, Addison, TX 75001

Signing Officer

Name
Frederick D Schnurr
Title
Executive Director
Signed
2023-11-07

Preparer

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

Additional Explanations

Other Expenses.1002

“Office Expenses $2800”

Other Expenses.1005

“Travel $2500”

Other Expenses.1

“Loss from Partnership Invstmnt $108160”

Other Expenses.2

“Contributions $300”

Raw XML Appendix157 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Frederick D Schnurr
IRS990EZ/BooksInCareOfDetail/PhoneNum09545252858
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt04851 Keller Springs Suite 209
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Addison
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0750016907
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt094628
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0156653
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-137975
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt06475
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt094628
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0156653
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt023370
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt023370
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt094628
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0156653
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt094628
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0156653
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt03.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt13.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt23.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt33.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt010000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt210000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt32000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Frederick D Schnurr
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Berri McBride
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Sheldon Schreiberg
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Lori Jordan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Dir.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0200000
IRS990EZ/OtherExpensesTotalAmt0113760
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The primary exempt purpose of the company is to provide decent, safe and affordable housing to low-income and moderate-income individuals and families.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0During 2004, the Corporation was admitted as the .01% successor general partner of MAEDC Gainesville Senior Village ("Summit"), a low-income multifamily LIHTC tax credit project. Summit was organized to construct and operate a 76 unit senior complex in Gainesville, Texas and is subject to land use agreements restricting tenant incomes. During 2020, the Corporation disposed of the Summit partnership investment.During 2019, the Corporation was admitted as the 2% managing member of BSPV-Plano, LLC, a 318 unit senior multifamily project in Plano, TX. The project, known as Bridgemoor at Plano, must lease 20% of its units to individuals and families whose income does not exceed 50% of the area median family income. The project was placed in service during 2022.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0132915
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0true
IRS990EZ/SalariesOtherCompEmplBnftAmt041110
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0161345
IRS990EZ/TotalProgramServiceExpensesAmt0132915
IRS990EZ/TotalRevenueAmt023370
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0100000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0100000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt023370
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt088
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt023458
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0303668
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0268000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt018000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0589668
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt023370
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt023458
IRS990ScheduleA/InvestmentIncomeCYPct00.03290
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96710
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt0689668
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0303668
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0368000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt018000
IRS990ScheduleA/Total509Grp/TotalAmt0689668
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt023370
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0303756
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0368000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt018000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0713126
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $2800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $2500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Loss from Partnership Invstmnt $108160
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Contributions $300
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Frederick D Schnurr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Spectrum Housing
ReturnHeader/Filer/BusinessNameControlTxt0SPEC
ReturnHeader/Filer/EIN0752435901
ReturnHeader/Filer/PhoneNum09545252858
ReturnHeader/Filer/USAddress/AddressLine1Txt04851 Keller Springs 209
ReturnHeader/Filer/USAddress/CityNm0Addison
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075001
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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/ZIPCd076092
ReturnHeader/PreparerPersonGrp/PhoneNum08178651360
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL C MARTIN
ReturnHeader/ReturnTs02023-11-07T09:33:36-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Frederick D
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Schnurr
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$156,653
Liabilities
-
Net assets
$156,653
Revenue
$23,370
Expenses
$161,345
Net income
-$137,975
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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits