Civic Intelligence

Ucc XXIII Inc.

990 • Fiscal year 2023 • EIN 82-2436698

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

905 N Montgomery StStarkville, MS 39759

(740) 382-4885

Siviq Scores

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

Liabilities / Assets

95th percentile

1.08x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

4.67x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

51st percentile

4.5%

Higher net margin than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

96th percentile

$389,311

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 56.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

31st percentile

-1.4%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

2.9%

Faster revenue growth than 43% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$2,950,550

Flat from 2023

Net Assets

Flat

-$243,334

Flat from 2023

Liabilities

Flat

$3,193,884

Flat from 2023

Revenue

Flat

$683,896

Flat from 2023

Expenses

Flat

$653,448

Flat from 2023

Net Income

Flat

$30,448

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2018: $3,366,344Liabilities 2018: $3,397,240Net Assets 2018: -$30,8962018Assets 2019: $3,238,374Liabilities 2019: $3,302,528Net Assets 2019: -$64,1542019Assets 2020: $3,248,519Liabilities 2020: $3,380,188Net Assets 2020: -$131,6692020Assets 2021: $3,129,187Liabilities 2021: $3,337,759Net Assets 2021: -$208,5722021Assets 2022: $2,993,900Liabilities 2022: $3,267,682Net Assets 2022: -$273,7822022Assets 2023: $2,950,550Liabilities 2023: $3,193,884Net Assets 2023: -$243,3342023Assets 2023: $2,950,550Liabilities 2023: $3,193,884Net Assets 2023: -$243,3342023Assets 2024: $2,948,614Liabilities 2024: $3,173,657Net Assets 2024: -$225,0432024

Highlighted filing

2023

Assets$2,950,550
Liabilities$3,193,884
Net Assets-$243,334

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2018: $405,013Expenses 2018: $435,909Net Income 2018: -$30,8962018Revenue 2019: $630,605Expenses 2019: $663,863Net Income 2019: -$33,2582019Revenue 2020: $630,816Expenses 2020: $698,331Net Income 2020: -$67,5152020Revenue 2021: $652,231Expenses 2021: $729,137Net Income 2021: -$76,9062021Revenue 2022: $664,781Expenses 2022: $729,991Net Income 2022: -$65,2102022Revenue 2023: $683,896Expenses 2023: $653,448Net Income 2023: $30,4482023Revenue 2023: $683,896Expenses 2023: $653,448Net Income 2023: $30,4482023Revenue 2024: $679,463Expenses 2024: $661,172Net Income 2024: $18,2912024

Highlighted filing

2023

Revenue$683,896
Expenses$653,448
Net Income$30,448
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$683,896
Mission and Program Overview

Mission

To Provide Safe and Affordable Housing for Low-Income Elderly and/or Handicapped Persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,997,630$1,852,120▼ $145,510
Prepaid Expenses and Deferred Charges$25,388$34,072▲ $8,684
Cash and Non-Interest-Bearing Accounts$12,690$16,768▲ $4,078
Accounts Receivable$707$9,421▲ $8,714
Total Assets$2,993,900$2,950,550▼ $43,350
Other Assets Total$957,485$1,038,169▲ $80,684
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,046,792$2,946,733▼ $100,059
Accounts Payable and Accrued Expenses$98,233$122,106▲ $23,873
Other Liabilities$102,257$106,148▲ $3,891
Escrow Account Liability$17,483$18,108▲ $625
Deferred Revenue$2,917$789▼ $2,128
Total Liabilities$3,267,682$3,193,884▼ $73,798
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-273,782$-243,334▲ $30,448
Total Net Assets Fund Balance$-273,782$-243,334▲ $30,448
Total Liabilities and Net Assets / Fund Balance$2,993,900$2,950,550▼ $43,350

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,513,589$958,112-
Other Land Buildings$6,324$57,200-
Land$326,450--
Equipment$5,757$58,475-
Other Assets Org$0--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
John Renner-$355,081$41,981$397,062
John RennerTreasurer-$389,311$389,311
Terry SpitznagelSecretary-$382,303$382,303
Terry Spitznagel-$357,257$25,046$382,303
Daniel C Fagan JrVice President-$147,317$147,317

Board Members and Trustees

NameTitle
Cathy GreenPresident
Dan BuschOfficer
Dick BeckOfficer
Jim HenryOfficer
John KruegerOfficer
Joyce SchroerOfficer
Sue EllisOfficer
Sue ShedlerOfficer
Tom BrownfieldOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$459,034
Program Service Revenue
$219,037
Investment Income
$5,313
Other Revenue
$512
Change in Net Assets
$30,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$683,896
Total Revenue per Audited Statements
$683,896
Total Revenue per Form 990
$683,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$560,172
Salaries, Compensation, and Employee Benefits$93,276
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$0$145,510$0$145,510
Interest$0$125,548$0$125,548
Other Salaries and Wages$42,879$37,578$0$80,457
Occupancy$0$77,933$0$77,933
Insurance$0$53,773$0$53,773
Fees for Services Management$0$36,484$0$36,484
Office Expenses$0$27,100$0$27,100
Fees for Services Accounting$0$11,204$0$11,204
Other Employee Benefits$0$6,709$0$6,709
Payroll Taxes$0$6,110$0$6,110
Other Expenses$5,923$0$0$5,923
All Other Expenses$0$2,164$0$2,164
Advertising$0$659$0$659
Fees for Services Other$0$226$0$226
Total Functional Expenses$122,450$530,998$0$653,448

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$653,448
Total Expenses per Audited Statements$653,448
Total Expenses per Form 990$653,448
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
Mortgage Payable$106,148
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
UCC XXIII Inc
EIN
82-2436698
Phone
7403824885
Address
905 N Montgomery St, Starkville, MS 39759
Doing Business As
Boardtown Village

Signing Officer

Name
John K Renner
Title
Secretary/Treasurer
Phone
7403824885
Signed
2024-11-12

Organization Details

Principal Officer
John K Renner
Formed
2018
Legal Domicile
Ms
Voting Board Members
8
Independent Board Members
4
Employees
3
Volunteers
0

Preparer

Firm
United Church Homes Inc
Address
170 E CENTER ST, MARION, OH 43301
Preparer
William Eric M Klenzman
Phone
7402258697
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

United Church Homes, Inc (UCH) is the managing agent for Boardtown Village. Under the terms of the management agreement approved by HUD, accounting fees are charged to the organization on a per unit per month basis.

Pt VI, Line 11B

The form 990 review process is as follows: The 990 is prepared and reviewed by the management company. Upon the completion of this review process, the form 990 is then submitted to the full Board of Directors for their information.

Pt VI, Line 12C

The Parent Organization, United Church Homes, regularly and consistently monitors and enforces compliance with its conflict of Interest Policy as follows: 1. The Organizations corporate Bylaws require that each of the Board of Director members disclose annually, in writing, interests that could be construed as a conflict of interest. 2. On November 1, 1999, the Organization adopted a Corporate Compliance Policy and Program applicable to Directors, Officers, Key Employees, and all other employees, which is inclusive of a Conflict of Interest Policy. The purpose of the Corporate Compliance policy provides that the Organization is committed to conducting its business ethically and in conformance with all applicable laws, regulations, rules and standards.

Pt VI, Line 15A

United Church Homes participates in the annual AAHSA-CEMO Leadership Compensation Survey. The Executive Committee of the BOD requests copies of the annual survey report to consider in setting the compensation package of the President & CEO. In turn, the President & CEO normally relies on this same survey report to determine to compensation package of the Vice President positions.

Financial Statement Notes

Pt IV, Line 2B

UCC XXIII, Inc. collects security deposits from its residents, which is returned to the residents upon moving from the facility. This tenant security deposit amount is the same as reported on the balance sheet.

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