Civic Intelligence

Silver Lake Housing Inc.

990 • Fiscal year 2016 • EIN 76-0065440

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

2211 Norfolk St 740Houston, TX 77098

(713) 526-9470

Siviq Scores

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

Liabilities / Assets

95th percentile

1.27x

Higher debt load relative to assets than 95% of similar nonprofits.

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

Liabilities / Revenue

94th percentile

4.18x

Higher debt load relative to revenue than 94% of similar nonprofits.

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

Net Margin

32nd percentile

-3.2%

Higher net margin than 32% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

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

Asset Growth

30th percentile

-2.8%

Faster asset growth than 30% of similar nonprofits.

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

Revenue Growth

26th percentile

-7.9%

Faster revenue growth than 26% of similar nonprofits.

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

Assets

Down

$1,957,460

Down $56,535 (-2.8%) from 2015

Net Assets

Down

-$533,538

Down $19,336 (-3.8%) from 2015

Liabilities

Down

$2,490,998

Down $37,199 (-1.5%) from 2015

Revenue

Down

$596,248

Down $50,893 (-7.9%) from 2015

Expenses

Up

$615,584

Up $415 (+0.1%) from 2015

Net Income

Down

-$19,336

Down $51,308 (-160%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,210,920Liabilities 2011: $2,508,097Net Assets 2011: -$297,1772011Assets 2012: $2,191,951Liabilities 2012: $2,460,933Net Assets 2012: -$268,9822012Assets 2013: $2,096,647Liabilities 2013: $2,606,233Net Assets 2013: -$509,5862013Assets 2014: $2,017,408Liabilities 2014: $2,563,582Net Assets 2014: -$546,1742014Assets 2015: $2,013,995Liabilities 2015: $2,528,197Net Assets 2015: -$514,2022015Assets 2016: $1,957,460Liabilities 2016: $2,490,998Net Assets 2016: -$533,5382016Assets 2017: $1,943,129Liabilities 2017: $2,438,723Net Assets 2017: -$495,5942017Assets 2018: $1,924,424Liabilities 2018: $2,400,082Net Assets 2018: -$475,6582018Assets 2019: $1,891,002Liabilities 2019: $2,360,963Net Assets 2019: -$469,9612019Assets 2020: $1,865,085Liabilities 2020: $2,385,119Net Assets 2020: -$520,0342020Assets 2021: $1,733,119Liabilities 2021: $2,322,287Net Assets 2021: -$589,1682021Assets 2022: $1,675,427Liabilities 2022: $2,266,514Net Assets 2022: -$591,0872022Assets 2023: $1,620,306Liabilities 2023: $2,217,498Net Assets 2023: -$597,1922023Assets 2024: $1,589,188Liabilities 2024: $2,164,820Net Assets 2024: -$575,6322024

Highlighted filing

2016

Assets$1,957,460
Liabilities$2,490,998
Net Assets-$533,538

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $710,748Expenses 2011: $758,904Net Income 2011: -$48,1562011Expenses 2012: $654,4062012Revenue 2013: $572,432Expenses 2013: $813,036Net Income 2013: -$240,6042013Revenue 2014: $573,865Expenses 2014: $610,454Net Income 2014: -$36,5892014Revenue 2015: $647,141Expenses 2015: $615,169Net Income 2015: $31,9722015Revenue 2016: $596,248Expenses 2016: $615,584Net Income 2016: -$19,3362016Revenue 2017: $667,176Expenses 2017: $629,232Net Income 2017: $37,9442017Revenue 2018: $679,478Expenses 2018: $659,543Net Income 2018: $19,9352018Revenue 2019: $706,322Expenses 2019: $700,625Net Income 2019: $5,6972019Revenue 2020: $703,416Expenses 2020: $753,486Net Income 2020: -$50,0702020Revenue 2021: $721,336Expenses 2021: $790,627Net Income 2021: -$69,2912021Revenue 2022: $778,990Expenses 2022: $780,843Net Income 2022: -$1,8532022Revenue 2023: $759,492Expenses 2023: $764,639Net Income 2023: -$5,1472023Revenue 2024: $801,786Expenses 2024: $779,833Net Income 2024: $21,9532024

Highlighted filing

2016

Revenue$596,248
Expenses$615,584
Net Income-$19,336
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 31, 2017
Return Version
2016v3.0
Gross Receipts
$660,546
Mission and Program Overview

Mission

Silver lake housing corporation provides 91 units for the elderly through hud's rental assistance and loan insured programs.

Silver lake housing corporation provides 91 units for the elderly through a hud section 202 elderly housing program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,681,614$1,761,657▲ $80,043
Intangible Assets$77,704$75,313▼ $2,391
Prepaid Expenses and Deferred Charges$17,485$16,878▼ $607
Cash and Non-Interest-Bearing Accounts$500$5,930▲ $5,430
Total Assets$2,013,995$1,957,460▼ $56,535
Other Assets Total$236,692$97,682▼ $139,010
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,492,468$2,450,020▼ $42,448
Other Liabilities$26,995$22,812▼ $4,183
Accounts Payable and Accrued Expenses$8,728$18,166▲ $9,438
Deferred Revenue$6--
Total Liabilities$2,528,197$2,490,998▼ $37,199
Net Assets / Fund Balance
Unrestricted Net Assets$-514,202$-533,538▼ $19,336
Total Net Assets Fund Balance$-514,202$-533,538▼ $19,336
Total Liabilities and Net Assets / Fund Balance$2,013,995$1,957,460▼ $56,535

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,550,061$1,356,297$2,906,358
Equipment$17,868$257,661$275,529
Land$193,728-$193,728
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wendell Phillips IiiPresident
Jim LemmingSecretary/tr
Shawn CloonanVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$657,816
Investment Income
$-64,240
Other Revenue
$2,672
Change in Net Assets
$-19,336

Audited Revenue Reconciliation

Revenue per Audited Statements
$660,546
Revenue Not Reported on Financial Statements
$-64,298
Other Revenue Adjustments
$-64,298
Total Revenue per Audited Statements
$660,546
Total Revenue per Form 990
$596,248
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$438,762
Salaries, Compensation, and Employee Benefits$176,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$131,364--$131,364
Occupancy$126,781--$126,781
Depreciation Depletion$91,476--$91,476
Interest$83,719--$83,719
Insurance$45,841--$45,841
Fees for Services Management$23,119$15,413-$38,532
Other Employee Benefits$34,599--$34,599
Fees for Services Accounting-$16,446-$16,446
Office Expenses$16,362--$16,362
Payroll Taxes$10,859--$10,859
Fees for Services Legal$5,000--$5,000
Information Technology$2,366--$2,366
Travel$1,030--$1,030
Conferences and Meetings$1,020--$1,020
Other Expenses$259--$259
Total Functional Expenses$583,725$31,859$0$615,584

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$679,882
Expenses per Audited Statements$615,584
Total Expenses per Form 990$615,584
Expenses Not Reported on Form 990$64,298
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Deposits Held in Trust$22,812
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Management of the apartment project has been delegated to houston housing management company under a formal contract.

Form 990, Page 6, Part VI, Line 11B

The return is given to the treasurer, who reviews the return as a representative for the entire board. The return is then signed and mailed. The return is given to all board members at the next meeting.

Form 990, Page 6, Part VI, Line 19

All documents are made available through third party websites, such as guidestar, as well as through written request to the organization.

Filing and Contact Details

Filer

Filer Name
Silver Lake Housing Inc
EIN
76-0065440
Phone
7135269470
Address
2211 NORFOLK ST 740, HOUSTON, TX 77098
Doing Business As
Silver Lake Retirement Community

Signing Officer

Name
Wendell Phillips Iii
Title
President
Phone
7135269470
Signed
2017-05-31

Organization Details

Principal Officer
Wendell Phillips Iii
Formed
1985
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
3

Preparer

Firm
Carlos Taboada & Company Pc
Address
1001 S DAIRY ASHFORD STE 370, HOUSTON, TX 77077-2333
Preparer
Carlos Taboada
Phone
2816063011
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Loss from disposition 64,298 loss from disposition -64,298

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Loss from disposition -64,298

Schedule D, Page 4, Part XII, Line 2D

Loss from disposition 64,298

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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/PublicSupportPY509Pct00.99310
IRS990ScheduleA/PublicSupportTotal509Amt03153660
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0657816
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0644141
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0599133
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0572287
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0680283
IRS990ScheduleA/Total509Grp/TotalAmt03153660
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0660546
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0647141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0605710
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0582048
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0682601
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03178046
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01550061
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01356297
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02906358
IRS990ScheduleD/EquipmentGrp/BookValueAmt017868
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0257661
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0275529
IRS990ScheduleD/ExpensesNotReportedAmt064298
IRS990ScheduleD/ExpensesSubtotalAmt0615584
IRS990ScheduleD/LandGrp/BookValueAmt0193728
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0193728
IRS990ScheduleD/OtherExpensesIncludedAmt064298
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022812
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-64298
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-64298
IRS990ScheduleD/RevenueSubtotalAmt0660546
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS FROM DISPOSITION -64,298
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS FROM DISPOSITION 64,298
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01761657
IRS990ScheduleD/TotalExpensesPerForm990Amt0615584
IRS990ScheduleD/TotalLiabilityAmt022812
IRS990ScheduleD/TotalRevenuePerForm990Amt0596248
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0660546
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0679882
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT OF THE APARTMENT PROJECT HAS BEEN DELEGATED TO HOUSTON HOUSING MANAGEMENT COMPANY UNDER A FORMAL CONTRACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS GIVEN TO THE TREASURER, WHO REVIEWS THE RETURN AS A REPRESENTATIVE FOR THE ENTIRE BOARD. THE RETURN IS THEN SIGNED AND MAILED. THE RETURN IS GIVEN TO ALL BOARD MEMBERS AT THE NEXT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE MADE AVAILABLE THROUGH THIRD PARTY WEBSITES, SUCH AS GUIDESTAR, AS WELL AS THROUGH WRITTEN REQUEST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LOSS FROM DISPOSITION 64,298 LOSS FROM DISPOSITION -64,298
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02013995
IRS990/TotalAssetsEOYAmt01957460
IRS990/TotalAssetsGrp/BOYAmt02013995
IRS990/TotalAssetsGrp/EOYAmt01957460
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031859
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0583725
IRS990/TotalFunctionalExpensesGrp/TotalAmt0615584
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02528197
IRS990/TotalLiabilitiesEOYAmt02490998
IRS990/TotalLiabilitiesGrp/BOYAmt02528197
IRS990/TotalLiabilitiesGrp/EOYAmt02490998
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-514202
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-533538
IRS990/TotalProgramServiceExpensesAmt0583725
IRS990/TotalProgramServiceRevenueAmt0657816
IRS990/TotalRevenueGrp/ExclusionAmt058
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0596190
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0596248
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02013995
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01957460
IRS990/TravelGrp/ProgramServicesAmt01030
IRS990/TravelGrp/TotalAmt01030
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-514202
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-533538
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02211 NORFOLK ST 470
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077098
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0WENDELL PHILLIPS III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07135269470
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SILVER LAKE HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0SILV
ReturnHeader/Filer/EIN0760065440
ReturnHeader/Filer/PhoneNum07135269470
ReturnHeader/Filer/USAddress/AddressLine1Txt02211 NORFOLK ST 740
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077098
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06FF5275505C135F71D8CBE902DCFB5FE943913B8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId068391443E8F1BC2764ED7965D92710CBD1985FD8
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0452609906
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARLOS TABOADA & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01001 S DAIRY ASHFORD STE 370
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0770772333
ReturnHeader/PreparerPersonGrp/PhoneNum02816063011
ReturnHeader/PreparerPersonGrp/PreparationDt02017-06-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARLOS TABOADA
ReturnHeader/ReturnTs02017-06-26T13:48:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.59$2.16$0.58$0.80$0.78$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.62$2.22$0.60$0.76$0.76$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.68$2.27$0.59$0.78$0.78$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.73$2.32$0.59$0.72$0.79$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.87$2.39$0.52$0.70$0.75$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.89$2.36$0.47$0.71$0.70$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.92$2.40$0.48$0.68$0.66$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.94$2.44$0.50$0.67$0.63$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.96$2.49$0.53$0.60$0.62$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.01$2.53$0.51$0.65$0.62$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.02$2.56$0.55$0.57$0.61$0.04
2013Detailed filing. Detailed filing data is available for this year.$2.10$2.61$0.51$0.57$0.81$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$2.46$0.27$0.65
2011Summary only. Only limited summary data is available for this year.$2.21$2.51$0.30$0.71$0.76$0.05