Civic Intelligence

Parallel Senior Villas Inc

EIN 80-0740258 • 501(c)3 • Kansas City, MO

Profile

Our mission is to provide affordable housing with supportive services to low income elderly or handicapped persons that will allow them to live independently. Our sole activity is providing housing.

7920 Ward ParkwayKansas City, MO 64114
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.76x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

10.50x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

12th percentile

-25%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

24th percentile

-4.4%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

9.4%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,907,116

Down $134,751 (-4.4%) from 2023

Liabilities

Down

$5,128,560

Down $10,696 (-0.2%) from 2023

Net Assets

Down

-$2,221,444

Down $124,055 (-5.9%) from 2023

Revenue

Up

$488,355

Up $41,913 (+9.4%) from 2023

Expenses

Up

$612,410

Up $29,351 (+5.0%) from 2023

Net Income

Up

-$124,055

Up $12,562 (+9.2%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2020: $3,549,369Liabilities 2020: $5,111,178Net Assets 2020: -$1,561,8092020Assets 2021: $3,384,999Liabilities 2021: $5,118,003Net Assets 2021: -$1,733,0042021Assets 2022: $3,234,475Liabilities 2022: $5,195,247Net Assets 2022: -$1,960,7722022Assets 2023: $3,041,867Liabilities 2023: $5,139,256Net Assets 2023: -$2,097,3892023Assets 2024: $2,907,116Liabilities 2024: $5,128,560Net Assets 2024: -$2,221,4442024

Highlighted filing

2024

Assets$2,907,116
Liabilities$5,128,560
Net Assets-$2,221,444

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2020: $324,617Expenses 2020: $484,632Net Income 2020: -$160,0152020Revenue 2021: $338,170Expenses 2021: $509,365Net Income 2021: -$171,1952021Revenue 2022: $360,598Expenses 2022: $588,366Net Income 2022: -$227,7682022Revenue 2023: $446,442Expenses 2023: $583,059Net Income 2023: -$136,6172023Revenue 2024: $488,355Expenses 2024: $612,410Net Income 2024: -$124,0552024

Highlighted filing

2024

Revenue$488,355
Expenses$612,410
Net Income-$124,055

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 19, 2025
Return Version
2024v5.2
Gross Receipts
$488,355
Mission and Program Overview

Mission

Our mission is to provide affordable housing with supportive services to low income elderly or handicapped persons that will allow them to live independently. Our sole activity is providing housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,915,293$2,831,221▼ $2,084,072
Cash and Non-Interest-Bearing Accounts$8,170$9,059▲ $889
Prepaid Expenses and Deferred Charges$1,137$7,600▲ $6,463
Accounts Receivable$321$25▼ $296
Total Assets$3,041,867$2,907,116▼ $134,751
Other Assets Total$32,167$59,211▲ $27,044
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,085,312$5,085,312→ $0
Accounts Payable and Accrued Expenses$38,056$26,116▼ $11,940
Escrow Account Liability$14,890$16,333▲ $1,443
Deferred Revenue$998$799▼ $199
Total Liabilities$5,139,256$5,128,560▼ $10,696
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,097,389$-2,221,444▼ $124,055
Total Net Assets Fund Balance$-2,097,389$-2,221,444▼ $124,055
Total Liabilities and Net Assets / Fund Balance$3,041,867$2,907,116▼ $134,751

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,632,678$1,971,761$4,604,439
Land$163,990-$163,990
Equipment$5,195$110,440$115,635
Leasehold Improvements$29,358$1,871$31,229
Compensation and Service Providers

Board Members and Trustees

NameTitle
Randy GeorgeChair
Alvin WilliamsDirector
Artrell HarrisDirector
Carlton WellsDirector
Dacorian ClarkDirector
Jeremiah SeayDirector
Stanley AddisonDirector
Oscar WilliamsFinancial Secretary
William DavisSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$487,922
Investment Income
$433
Other Revenue
$0
Change in Net Assets
$-124,055

Audited Revenue Reconciliation

Revenue per Audited Statements
$488,355
Total Revenue per Audited Statements
$488,355
Total Revenue per Form 990
$488,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$612,410
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$151,966$16,885-$168,851
Occupancy$130,512$14,502-$145,014
Fees for Services Management$17,238$17,238-$34,476
Office Expenses$17,250$6,829-$24,079
Fees for Services Accounting-$11,500-$11,500
Other Expenses$5,556$5,556-$11,112
All Other Expenses$1,194$6,113-$7,307
Advertising$2,524--$2,524
Fees for Services Legal-$538-$538
Conferences and Meetings$100$100-$200
Total Functional Expenses$485,645$126,765$0$612,410

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$612,410
Total Expenses per Audited Statements$612,410
Total Expenses per Form 990$612,410
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization employs a management company to oversee the day-to-day rental activities.

Form 990, Part VI, Section A, Line 8B

This question is not applicable because committees cannot bind the organization without board approval. However, the question must be answered to electronically file. Accordingly, we checked no to signify that the question is not applicable.

Form 990, Part VI, Section A, Line 11B

This tax return was prepared by the external audit firm and reviewed by the management company. Once approved by the management company, the tax return is provided to the entire board for review prior to filing.

Form 990, Part VI, Section B, Line 15A,B

These questions are not applicable because we did not pay compensation to anyone meeting the description of these questions. However, the questions must be answered to electronically file. Accordingly, we checked no to indicate that the process does not exist because it is not necessary.

Form 990, Part VI, Section C, Line 19

These documents are maintained at the organizations corporate office see mailing address and made available upon request to parties at no charge.

Filing and Contact Details

Filer

Filer Name
Parallel Senior Villas Inc
EIN
80-0740258
Phone
9137889090
Address
7920 WARD PARKWAY, KANSAS CITY, MO 64114

Signing Officer

Name
Randy George
Title
Board Chair
Phone
9137889090
Signed
2025-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy George
Formed
2010
Legal Domicile
Ks
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Welch & Associates LLC
Address
2405 GRAND BOULEVARD SUITE 1040, KANSAS CITY, MO 64108
Preparer
Brian D Welch
Phone
8167562620
Supplemental Narrative

Financial Statement Notes

IV 2B

The Organization collects security deposits from its resident tenants that are refunded/retained at the time the tenant moves out depending on any outstanding charges owed by the tenant.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0259
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt084
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0172
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01025
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0487922
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0446183
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0360514
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0338093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0324445
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01957157
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0433
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0259
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt084
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt077
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0172
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01025
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.42320
IRS990ScheduleA/PublicSupportPY509Pct00.43790
IRS990ScheduleA/PublicSupportTotal509Amt0828785
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0297224
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0267578
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0199261
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0184284
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0180025
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01128372
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0297224
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0267578
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0199261
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0184284
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0180025
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01128372
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0487922
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0446183
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0360514
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0338093
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0324445
IRS990ScheduleA/Total509Grp/TotalAmt01957157
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0488355
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0446442
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0360598
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0338170
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0324617
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01958182
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02632678
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01971761
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04604439
IRS990ScheduleD/EquipmentGrp/BookValueAmt05195
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0110440
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0115635
IRS990ScheduleD/ExpensesSubtotalAmt0612410
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0163990
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0163990
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt029358
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01871
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt031229
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0488355
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization collects security deposits from its resident tenants that are refunded/retained at the time the tenant moves out depending on any outstanding charges owed by the tenant.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0IV 2b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02831221
IRS990ScheduleD/TotalExpensesPerForm990Amt0612410
IRS990ScheduleD/TotalRevenuePerForm990Amt0488355
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0488355
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0612410
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION EMPLOYS A MANAGEMENT COMPANY TO OVERSEE THE DAY-TO-DAY RENTAL ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS QUESTION IS NOT APPLICABLE BECAUSE COMMITTEES CANNOT BIND THE ORGANIZATION WITHOUT BOARD APPROVAL. HOWEVER, THE QUESTION MUST BE ANSWERED TO ELECTRONICALLY FILE. ACCORDINGLY, WE CHECKED NO TO SIGNIFY THAT THE QUESTION IS NOT APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS TAX RETURN WAS PREPARED BY THE EXTERNAL AUDIT FIRM AND REVIEWED BY THE MANAGEMENT COMPANY. ONCE APPROVED BY THE MANAGEMENT COMPANY, THE TAX RETURN IS PROVIDED TO THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE QUESTIONS ARE NOT APPLICABLE BECAUSE WE DID NOT PAY COMPENSATION TO ANYONE MEETING THE DESCRIPTION OF THESE QUESTIONS. HOWEVER, THE QUESTIONS MUST BE ANSWERED TO ELECTRONICALLY FILE. ACCORDINGLY, WE CHECKED NO TO INDICATE THAT THE PROCESS DOES NOT EXIST BECAUSE IT IS NOT NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE DOCUMENTS ARE MAINTAINED AT THE ORGANIZATIONS CORPORATE OFFICE SEE MAILING ADDRESS AND MADE AVAILABLE UPON REQUEST TO PARTIES AT NO CHARGE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a,b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03041867
IRS990/TotalAssetsEOYAmt02907116
IRS990/TotalAssetsGrp/BOYAmt03041867
IRS990/TotalAssetsGrp/EOYAmt02907116
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0126765
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0485645
IRS990/TotalFunctionalExpensesGrp/TotalAmt0612410
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05139256
IRS990/TotalLiabilitiesEOYAmt05128560
IRS990/TotalLiabilitiesGrp/BOYAmt05139256
IRS990/TotalLiabilitiesGrp/EOYAmt05128560
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2097389
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2221444
IRS990/TotalProgramServiceExpensesAmt0485645
IRS990/TotalProgramServiceRevenueAmt0487922
IRS990/TotalRevenueGrp/ExclusionAmt0433
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0487922
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0488355
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03041867
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02907116
IRS990/TravelGrp/TotalAmt00

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