Civic Intelligence

Midland Visions 2000

990 • Fiscal year 2019 • EIN 75-2531526

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 16, 2020

Organization Profilenone
112 S LoraineMidland, TX 79701

(432) 687-1438

Siviq Scores

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

Liabilities / Assets

57th percentile

0.22x

Higher debt load relative to assets than 57% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

3.00x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

3rd percentile

-127%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

74th percentile

$193,784

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 35.6% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

62nd percentile

7.2%

Faster asset growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

75th percentile

17%

Faster revenue growth than 75% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$7,467,414

Up $501,800 (+7.2%) from 2018

Net Assets

Down

$5,830,235

Down $694,859 (-11%) from 2018

Liabilities

Up

$1,637,179

Up $1,196,659 (+272%) from 2018

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin3rd percentile

Revenue

Up

$545,096

Up $79,596 (+17%) from 2018

Expenses

Up

$1,239,955

Up $402,458 (+48%) from 2018

Net Income

Down

-$694,859

Down $322,862 (-87%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth62nd 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

2019

Assets$7,467,414
Liabilities$1,637,179
Net Assets$5,830,235
Open 2019 Filing

Operations Trend

Revenue Growth75th 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

2019

Revenue$545,096
Expenses$1,239,955
Net Income-$694,859
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 16, 2020
Return Version
2019v5.0
Gross Receipts
$545,096
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
Other Notes and Loans Receivable, Net$5,625,000--
Cash and Non-Interest-Bearing Accounts$228,790$3,735,061▲ $3,506,271
Land, Buildings, and Equipment, Net$1,106,027$3,656,556▲ $2,550,529
Accounts Receivable-$70,000-
Total Assets$6,965,614$7,467,414▲ $501,800
Other Assets Total$5,797$5,797→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$429,245$1,610,429▲ $1,181,184
Accounts Payable and Accrued Expenses$11,275$26,750▲ $15,475
Total Liabilities$440,520$1,637,179▲ $1,196,659
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,525,094$5,830,235▼ $694,859
Total Net Assets Fund Balance$6,525,094$5,830,235▼ $694,859
Total Liabilities and Net Assets / Fund Balance$6,965,614$7,467,414▲ $501,800

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,656,556$189,739$3,846,295
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Cary LovePresident
Edward MayberryVice-President
Aquilla WatsonDirector
Arlene LoveExecutive Director
Linda BritMember
Kandi BremSecretary/Treasure

Highest Paid Contractors

ContractorServicesLocationCompensation
TrinetEmployee Leasing9000 TOWNCENTER PARKWAY, Bradenton, FL 34202$255,066
Halah Property Management INCMangement Consultants4602 FLOYD CT, Midland, TX 79705$239,662
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$322,303
Investment Income
$222,793
Other Revenue
$0
Change in Net Assets
$-694,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,046,171
Salaries, Compensation, and Employee Benefits$193,784
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$209,560--$209,560
Current Officers, Directors, Trustees, and Key Employees-$193,784-$193,784
Occupancy$152,450--$152,450
Fees for Services Management$111,723--$111,723
Fees for Services Legal$66,637--$66,637
Depreciation Depletion$64,025--$64,025
Other Expenses$1,000--$1,000
All Other Expenses$171--$171
Total Functional Expenses$1,046,171$193,784$0$1,239,955
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 Executive Director - Arlene Love Are 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
112 S LORAINE, Midland, TX 79701

Signing Officer

Name
Cary Love
Title
President
Phone
4626871438
Signed
2020-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cary Love
Formed
1994
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Fred Allen Jr CPA
Address
907 South Friendswood Ste 216, Friendswood, TX 77546
Phone
7135219805
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Consulting: Program service expenses 181939. Management and general expenses 0. Fundraising expenses 0. Total expenses 181939. Commission: Program service expenses 18504. Management and general expenses 0. Fundraising expenses 0. Total expenses 18504. Property Mgmt: Program service expenses 9117. Management and general expenses 0. Fundraising expenses 0. Total expenses 9117.”

Raw XML Appendix387 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/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt06896295
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01359859
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03839470
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012615720
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03656556
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0189739
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03846295
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03656556
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0193784
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/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0193784
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0President - Mr. Cary Love and Executive Director - Arlene Love Are 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/ExplanationTxt4Consulting: Program service expenses 181939. Management and general expenses 0. Fundraising expenses 0. Total expenses 181939. Commission: Program service expenses 18504. Management and general expenses 0. Fundraising expenses 0. Total expenses 18504. Property Mgmt: Program service expenses 9117. Management and general expenses 0. Fundraising expenses 0. Total expenses 9117.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06965614
IRS990/TotalAssetsEOYAmt07467414
IRS990/TotalAssetsGrp/BOYAmt06965614
IRS990/TotalAssetsGrp/EOYAmt07467414
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0193784
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01046171
IRS990/TotalFunctionalExpensesGrp/TotalAmt01239955
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0440520
IRS990/TotalLiabilitiesEOYAmt01637179
IRS990/TotalLiabilitiesGrp/BOYAmt0440520
IRS990/TotalLiabilitiesGrp/EOYAmt01637179
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06525094
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05830235
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01046171
IRS990/TotalProgramServiceRevenueAmt0322303
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0545096
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0545096
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06965614
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07467414
IRS990/TotReportableCompRltdOrgAmt0193784
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01212 E Wadley
IRS990/USAddress/CityNm0Midland
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079705
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0none
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Cary Love
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04626871438
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Midland Visions 2000
ReturnHeader/Filer/BusinessNameControlTxt0MIDL
ReturnHeader/Filer/EIN0752531526
ReturnHeader/Filer/PhoneNum04326871438
ReturnHeader/Filer/USAddress/AddressLine1Txt0112 S LORAINE
ReturnHeader/Filer/USAddress/CityNm0Midland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079701
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C3E70C5D152E0DA2CD519D7C90765B190C87F6CC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C3E70C5D152E0DA2CD519D7C90765B190C87F6CC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.143.193.27
ReturnHeader/FilingSecurityInformation/IPDt02020-02-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm014:03:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760293372
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Fred Allen Jr CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0907 South Friendswood Ste 216
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Friendswood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077546
ReturnHeader/PreparerPersonGrp/PhoneNum07135219805
ReturnHeader/PreparerPersonGrp/PreparationDt02020-02-16
ReturnHeader/ReturnTs02020-02-16T14:07:56-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$7,467,414
Liabilities
$1,637,179
Net assets
$5,830,235
Revenue
$545,096
Expenses
$1,239,955
Net income
-$694,859
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