Civic Intelligence

Midland Visions 2000

990 • Fiscal year 2016 • EIN 75-2531526

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 01, 2017

Organization Profilenone
1212 E WadleyMidland, TX 79705-5743

(432) 687-1438

Siviq Scores

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

Liabilities / Assets

77th percentile

0.45x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

81st percentile

0.70x

Higher debt load relative to revenue than 81% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

89th percentile

$199,993

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

13th percentile

-9.7%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

11th percentile

-29%

Faster revenue growth than 11% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$2,120,046

Down $228,848 (-9.7%) from 2015

Net Assets

Down

$1,162,868

Down $159,534 (-12%) from 2015

Liabilities

Down

$957,178

Down $69,314 (-6.8%) from 2015

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin21st percentile

Revenue

Down

$1,359,859

Down $559,876 (-29%) from 2015

Expenses

Down

$1,519,393

Down $398,927 (-21%) from 2015

Net Income

Down

-$159,534

Down $160,949 (-11374%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,317,163Liabilities 2011: $231,568Net Assets 2011: $1,085,5952011Assets 2012: $1,308,211Liabilities 2012: $209,355Net Assets 2012: $1,098,8562012Assets 2013: $1,336,250Liabilities 2013: $132,919Net Assets 2013: $1,203,3312013Assets 2014: $2,166,880Liabilities 2014: $865,504Net Assets 2014: $1,301,3732014Assets 2015: $2,348,894Liabilities 2015: $1,026,492Net Assets 2015: $1,322,4022015Assets 2016: $2,120,046Liabilities 2016: $957,178Net Assets 2016: $1,162,8682016Assets 2017: $7,403,095Liabilities 2017: $506,004Net Assets 2017: $6,897,0912017Assets 2018: $6,965,614Liabilities 2018: $440,520Net Assets 2018: $6,525,0942018Assets 2019: $7,467,414Liabilities 2019: $1,637,179Net Assets 2019: $5,830,2352019Assets 2020: $7,233,481Liabilities 2020: $1,918,161Net Assets 2020: $5,315,3202020Assets 2021: $7,431,431Liabilities 2021: $2,212,054Net Assets 2021: $5,219,3772021Assets 2022: $6,939,368Liabilities 2022: $2,094,787Net Assets 2022: $4,844,5812022Assets 2023: $6,706,084Liabilities 2023: $2,361,203Net Assets 2023: $4,344,8812023Assets 2024: $5,574,867Liabilities 2024: $1,830,446Net Assets 2024: $3,744,4212024

Highlighted filing

2016

Assets$2,120,046
Liabilities$957,178
Net Assets$1,162,868
Open 2016 Filing

Operations Trend

Revenue Growth11th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,335,687Expenses 2011: $1,362,695Net Income 2011: -$27,0082011Revenue 2012: $1,482,420Expenses 2012: $1,469,158Net Income 2012: $13,2622012Revenue 2013: $1,794,799Expenses 2013: $1,690,324Net Income 2013: $104,4752013Revenue 2014: $2,052,023Expenses 2014: $1,953,979Net Income 2014: $98,0442014Revenue 2015: $1,919,735Expenses 2015: $1,918,320Net Income 2015: $1,4152015Revenue 2016: $1,359,859Expenses 2016: $1,519,393Net Income 2016: -$159,5342016Revenue 2017: $6,896,295Expenses 2017: $1,162,072Net Income 2017: $5,734,2232017Revenue 2018: $465,500Expenses 2018: $837,497Net Income 2018: -$371,9972018Revenue 2019: $545,096Expenses 2019: $1,239,955Net Income 2019: -$694,8592019Revenue 2020: $651,813Expenses 2020: $1,166,729Net Income 2020: -$514,9162020Revenue 2021: $931,451Expenses 2021: $1,033,394Net Income 2021: -$101,9432021Revenue 2022: $792,115Expenses 2022: $1,200,123Net Income 2022: -$408,0082022Revenue 2023: $921,335Expenses 2023: $1,283,505Net Income 2023: -$362,1702023Revenue 2024: $769,823Expenses 2024: $1,349,914Net Income 2024: -$580,0912024

Highlighted filing

2016

Revenue$1,359,859
Expenses$1,519,393
Net Income-$159,534
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 1, 2017
Return Version
2016v3.0
Gross Receipts
$1,359,859
Mission and Program Overview

Mission

Provide decent and affordable housing for lower income residents, includingminorities, women, elderly and the handicapped, in the neighborhoods withinMidland County, Texas;

Provide decent and affordable housing for lower income residents, includingminorities,women, elderly and he handicapped, in the neighborhoods withinMidland County, Texas

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,128,790$2,068,784▼ $60,006
Loans From Officers Directors$145,188$134,078▼ $11,110
Cash and Non-Interest-Bearing Accounts$214,157$45,315▼ $168,842
Prepaid Expenses and Deferred Charges$5,947$5,947→ $0
Total Assets$2,348,894$2,120,046▼ $228,848
Liabilities
Mortgage Notes Payable Secured by Investment Property$824,943$780,950▼ $43,993
Accounts Payable and Accrued Expenses$56,361$42,150▼ $14,211
Total Liabilities$1,026,492$957,178▼ $69,314
Net Assets / Fund Balance
Unrestricted Net Assets$1,322,402$1,162,868▼ $159,534
Total Net Assets Fund Balance$1,322,402$1,162,868▼ $159,534
Total Liabilities and Net Assets / Fund Balance$2,348,894$2,120,046▼ $228,848

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,068,784$521,099$2,589,883
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Arlene LoveManager/Board SecretaryFT$199,993$199,993

Board Members and Trustees

NameTitle
Cary LovePresident
Edward MayberryVice-President
Aquilla WatsonDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
TrinetEmployee Leasing9000 TOWNCENTER PARKWAY, Bradenton, FL 34202$472,810
Halah Property Management INCMangement Consultants4602 FLOYD CT, Midland, TX 79705$244,727
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,359,859
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-159,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,319,400
Salaries, Compensation, and Employee Benefits$199,993
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$320,665--$320,665
Current Officers, Directors, Trustees, and Key Employees$79,997$119,996-$199,993
Fees for Services Management$168,827--$168,827
Insurance$81,914--$81,914
Depreciation Depletion$61,192--$61,192
Interest$49,164--$49,164
All Other Expenses$12,789--$12,789
Other Expenses$9,393--$9,393
Total Functional Expenses$1,399,397$119,996$0$1,519,393
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Arlene LoveArlene and Cary Love are shareholders in Halah Property Management,Inc.Halah Property Mangement, Inc. provides management and maintenance services for the project.No$244,727
Cary Lovea major contractor.-No-

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$145,188$134,078▼ $11,110
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“President - Mr. Cary Love and Board Secretary - Arlene Love Husband and Wife”

Form 990, Part VI, Section B, line 11B

“Form 990 is reviewed and approved at board meeting”

Form 990, Part VI, Section C, line 18

“requests to review governing documents are made and approved at board meetings”

Form 990, Part VI, Section C, line 19

“Requests to review governing dcouments are made and approved at board meetings”

Filing and Contact Details

Filer

Filer Name
Midland Visions 2000
EIN
75-2531526
Phone
4326871438
Address
1212 E Wadley, Midland, TX 79705-5743

Signing Officer

Name
Cary Love
Title
President
Phone
4626871438
Signed
2017-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cary Love
Formed
1994
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Fred Allen Jr CPA
Address
907 SOUTH FRIENDSWOOD DR STE 216, FRIENDSWOOD, TX 77546
Preparer
Fred Allen
Phone
7135219805
Raw XML Appendix382 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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Arlene Love
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Manager/Board Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0199993
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Arlene Love
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Cary Love
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Arlene and Cary Love are shareholders in Halah Property Management,Inc.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1a major contractor.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0244727
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Halah Property Mangement, Inc. provides management and maintenance services for the project.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0134078
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0WORK CAPITAL CONTRIBUTIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt025146
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0CARY AND ARLENE LOVE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0134078
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0President - Mr. Cary Love and Board Secretary - Arlene Love Husband and Wife
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is reviewed and approved at board meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2requests to review governing documents are made and approved at board meetings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Requests to review governing dcouments are made and approved at board meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02348894
IRS990/TotalAssetsEOYAmt02120046
IRS990/TotalAssetsGrp/BOYAmt02348894
IRS990/TotalAssetsGrp/EOYAmt02120046
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0119996
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01399397
IRS990/TotalFunctionalExpensesGrp/TotalAmt01519393
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01026492
IRS990/TotalLiabilitiesEOYAmt0957178
IRS990/TotalLiabilitiesGrp/BOYAmt01026492
IRS990/TotalLiabilitiesGrp/EOYAmt0957178
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01322402
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01162868
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01399397
IRS990/TotalProgramServiceRevenueAmt01359859
IRS990/TotalReportableCompFromOrgAmt0199993
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01359859
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01359859
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02348894
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02120046
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01322402
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01162868
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01212 E Wadley
IRS990/USAddress/CityNm0Midland
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079705
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0none
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Cary Love
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04626871438
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Midland Visions 2000
ReturnHeader/Filer/BusinessNameControlTxt0MIDL
ReturnHeader/Filer/EIN0752531526
ReturnHeader/Filer/PhoneNum04326871438
ReturnHeader/Filer/USAddress/AddressLine1Txt01212 E Wadley
ReturnHeader/Filer/USAddress/CityNm0Midland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0797055743
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0778B6571092F76C1217FB3CBB4E446CFAE242F52
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0778B6571092F76C1217FB3CBB4E446CFAE242F52
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.168.176.87
ReturnHeader/FilingSecurityInformation/IPDt02017-02-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:21:05
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760293372
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRED ALLEN JR CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0907 SOUTH FRIENDSWOOD DR STE 216
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRIENDSWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077546
ReturnHeader/PreparerPersonGrp/PhoneNum07135219805
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRED ALLEN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-02-02T12:18:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,120,046
Liabilities
$957,178
Net assets
$1,162,868
Revenue
$1,359,859
Expenses
$1,519,393
Net income
-$159,534
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.57$1.83$3.74$0.77$1.35$0.58
2023Detailed filing. Detailed filing data is available for this year.$6.71$2.36$4.34$0.92$1.28$0.36
2022Detailed filing. Detailed filing data is available for this year.$6.94$2.09$4.84$0.79$1.20$0.41
2021Detailed filing. Detailed filing data is available for this year.$7.43$2.21$5.22$0.93$1.03$0.10
2020Detailed filing. Detailed filing data is available for this year.$7.23$1.92$5.32$0.65$1.17$0.51
2019Detailed filing. Detailed filing data is available for this year.$7.47$1.64$5.83$0.55$1.24$0.69
2018Detailed filing. Detailed filing data is available for this year.$6.97$0.44$6.53$0.47$0.84$0.37
2017Detailed filing. Detailed filing data is available for this year.$7.40$0.51$6.90$6.90$1.16$5.73
2016Detailed filing. Detailed filing data is available for this year.$2.12$0.96$1.16$1.36$1.52$0.16
2015Detailed filing. Detailed filing data is available for this year.$2.35$1.03$1.32$1.92$1.92$0.00
2014Summary only. Only limited summary data is available for this year.$2.17$0.87$1.30$2.05$1.95$0.10
2013Summary only. Only limited summary data is available for this year.$1.34$0.13$1.20$1.79$1.69$0.10
2012Summary only. Only limited summary data is available for this year.$1.31$0.21$1.10$1.48$1.47$0.01
2011Summary only. Only limited summary data is available for this year.$1.32$0.23$1.09$1.34$1.36$0.03