Civic Intelligence

Investing in Communities Inc

EIN 82-4741844 • 501(c)3 • Owensboro, KY

Pub. 78 Eligible990-N Coverage

Profile

To nbsp;provide nbsp;affordable nbsp;housing nbsp;to nbsp;low nbsp;income nbsp;families nbsp;in nbsp;our nbsp;community

2161 E 19th StOwensboro, KY 42303
Siviq Scores

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

Liabilities / Assets

62nd percentile

0.23x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.68x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

57th percentile

7.7%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

36th percentile

-0.0%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-20%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$9,488,049

Down $4,664 (-0.0%) from 2023

Liabilities

Up

$2,155,893

Up $365,225 (+20%) from 2023

Net Assets

Down

$7,332,156

Down $369,889 (-4.8%) from 2023

Operations
Liabilities / Revenue80th percentileNet Margin57th percentile

Revenue

Down

$3,167,855

Down $811,490 (-20%) from 2023

Expenses

Up

$2,925,496

Up $616,658 (+27%) from 2023

Net Income

Down

$242,359

Down $1,428,148 (-85%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

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

$10M$5.0M$0Assets 2021: $4,796,435Liabilities 2021: $1,746,208Net Assets 2021: $3,050,2272021Assets 2022: $7,239,812Liabilities 2022: $1,540,175Net Assets 2022: $5,699,6372022Assets 2023: $9,492,713Liabilities 2023: $1,790,668Net Assets 2023: $7,702,0452023Assets 2024: $9,488,049Liabilities 2024: $2,155,893Net Assets 2024: $7,332,1562024

Highlighted filing

2024

Assets$9,488,049
Liabilities$2,155,893
Net Assets$7,332,156
Open 2024 Filing

Operations Trend

Revenue Growth14th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2021: $541,930Expenses 2021: $800,270Net Income 2021: -$258,3402021Revenue 2022: $2,081,251Expenses 2022: $2,284,087Net Income 2022: -$202,8362022Revenue 2023: $3,979,345Expenses 2023: $2,308,838Net Income 2023: $1,670,5072023Revenue 2024: $3,167,855Expenses 2024: $2,925,496Net Income 2024: $242,3592024

Highlighted filing

2024

Revenue$3,167,855
Expenses$2,925,496
Net Income$242,359
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,488,049
Liabilities
$2,155,893
Net assets
$7,332,156
Revenue
$3,167,855
Expenses
$2,925,496
Net income
$242,359
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.49$2.16$7.33$3.17$2.93$0.24
2023Detailed filing. Detailed filing data is available for this year.$9.49$1.79$7.70$3.98$2.31$1.67
2022Detailed filing. Detailed filing data is available for this year.$7.24$1.54$5.70$2.08$2.28$0.20
2021Detailed filing. Detailed filing data is available for this year.$4.80$1.75$3.05$0.54$0.80$0.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$3,167,855
Mission and Program Overview

Mission

To nbsp;provide nbsp;affordable nbsp;housing nbsp;to nbsp;low nbsp;income nbsp;families nbsp;in nbsp;our nbsp;community

To provide affordable housing to low income residents in our community

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$7,702,045$7,332,156▼ $369,889
Land, Buildings, and Equipment, Net$5,738,196$5,251,210▼ $486,986
Cash and Non-Interest-Bearing Accounts$3,057,782$3,630,953▲ $573,171
Accounts Receivable$270,079$34,553▼ $235,526
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$9,492,713$9,488,049▼ $4,664
Other Assets Total$426,656$571,333▲ $144,677
Liabilities
Accounts Payable and Accrued Expenses$1,672,738$1,999,669▲ $326,931
Other Liabilities$108,569$140,117▲ $31,548
Deferred Revenue$9,361$16,107▲ $6,746
Total Liabilities$1,790,668$2,155,893▲ $365,225
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$7,702,045$7,332,156▼ $369,889
Total Liabilities and Net Assets / Fund Balance$9,492,713$9,488,049▼ $4,664

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$6,420,614-
Equipment-$62,987-
Leasehold Improvements-$1,598,973-
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Rita MoormanChairperson
Debbie FillmanDirector
Jean MaddoxDirector
Rick SearcyDirector
Tom CovingtonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$888
Investment Income
$4,091
Other Revenue
$3,162,876
Change in Net Assets
$242,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,573,270
Salaries, Compensation, and Employee Benefits$352,226
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$509,113$257,513-$766,626
Fees for Services Management-$598,667-$598,667
Depreciation Depletion$362,732--$362,732
Other Salaries and Wages$50,814$200,457-$251,271
Insurance$137,331$23,714-$161,045
Occupancy$76,739--$76,739
Pension Plan Contributions$11,860$46,787-$58,647
Office Expenses-$47,928-$47,928
Other Employee Benefits$10,521$12,565-$23,086
Payroll Taxes$3,887$15,335-$19,222
Fees for Services Legal-$6,272-$6,272
Fees for Services Accounting-$1,152-$1,152
Total Functional Expenses$1,650,311$1,275,185$0$2,925,496
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
Yes
Audit committee
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
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Part VI, Section A, Line 3

“A property management agreement was entered into with the housing authority of owensboro to provide management services for the five housing complexes”

Part VI, Section A, Line 6

“The organization has 5 members that meet annually to appoint directors of the governing board and update or change the bylaws”

Part VI, Section A, Line 7A

“The organization has 5 members that meet annually to appoint directors of the governing board and update or change the bylaws”

Part VI, Section A, Line 7B

“The organization has 5 members that meet annually to appoint directors of the governing board and update or change the bylaws”

Part VI, Section B, Line 11B

“The board of directors review via email and at meetings”

Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Investing in Communities Inc
EIN
82-4741844
In Care Of
% SHAUNA BOOM
Phone
2706835365
Address
2161 E 19TH ST, OWENSBORO, KY 42303
Doing Business As
Investing in Communities

Signing Officer

Name
Kim Sampson
Title
Accountant
Phone
2705040122
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shauna Boom
Formed
2018
Legal Domicile
Ky
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Bluegrass Tax Service LLC
Address
535 SCHOOL STREET, BEAVER DAM, KY 42320
Preparer
Kim Sampson
Phone
2702565003
Raw XML Appendix352 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A PROPERTY MANAGEMENT AGREEMENT WAS ENTERED INTO WITH THE HOUSING AUTHORITY OF OWENSBORO TO PROVIDE MANAGEMENT SERVICES FOR THE FIVE HOUSING COMPLEXES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS 5 MEMBERS THAT MEET ANNUALLY TO APPOINT DIRECTORS OF THE GOVERNING BOARD AND UPDATE OR CHANGE THE BYLAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS 5 MEMBERS THAT MEET ANNUALLY TO APPOINT DIRECTORS OF THE GOVERNING BOARD AND UPDATE OR CHANGE THE BYLAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS 5 MEMBERS THAT MEET ANNUALLY TO APPOINT DIRECTORS OF THE GOVERNING BOARD AND UPDATE OR CHANGE THE BYLAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEW VIA EMAIL AND AT MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09492713
IRS990/TotalAssetsEOYAmt09488049
IRS990/TotalAssetsGrp/BOYAmt09492713
IRS990/TotalAssetsGrp/EOYAmt09488049
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01275185
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01650311
IRS990/TotalFunctionalExpensesGrp/TotalAmt02925496
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01790668
IRS990/TotalLiabilitiesEOYAmt02155893
IRS990/TotalLiabilitiesGrp/BOYAmt01790668
IRS990/TotalLiabilitiesGrp/EOYAmt02155893
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07702045
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07332156
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0888
IRS990/TotalProgramServiceExpensesAmt02925496
IRS990/TotalProgramServiceRevenueAmt0888
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03167855
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09492713
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09488049
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt02161 E 19TH ST
IRS990/USAddress/CityNm0OWENSBORO
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd042303
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIM SAMPSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ACCOUNTANT
ReturnHeader/BusinessOfficerGrp/PhoneNum02705040122
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INVESTING IN COMMUNITIES INC
ReturnHeader/Filer/BusinessNameControlTxt0INVE
ReturnHeader/Filer/EIN0824741844
ReturnHeader/Filer/InCareOfNm0% SHAUNA BOOM
ReturnHeader/Filer/PhoneNum02706835365
ReturnHeader/Filer/USAddress/AddressLine1Txt02161 E 19TH ST
ReturnHeader/Filer/USAddress/CityNm0OWENSBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd042303
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0852992717
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLUEGRASS TAX SERVICE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0535 SCHOOL STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BEAVER DAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd042320
ReturnHeader/PreparerPersonGrp/PhoneNum02702565003
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIM SAMPSON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-15T14:15:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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