Civic Intelligence

Bill Mitchell Retirement Villages Inc

EIN 83-3274081 • 501(c)3 • Columbus, OH

Pub. 78 EligibleNTEE L22

Profile

To provide elderly and handicapped persons with housing facilities and services specifically designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness and usefulness in longer living.

3409 East Broad StreetColumbus, OH 43213

n/A

Siviq Scores

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

Liabilities / Assets

55th percentile

1.11x

Higher debt load relative to assets than 55% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

4.36x

Higher debt load relative to revenue than 56% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2022

Net Margin

75th percentile

0.6%

Higher net margin than 75% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$113,767

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

NTEE L22 • $1M-$5M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$3,938,734

No earlier filing loaded for comparison.

Liabilities

$4,374,067

No earlier filing loaded for comparison.

Net Assets

-$435,333

No earlier filing loaded for comparison.

Revenue

$1,003,313

No earlier filing loaded for comparison.

Expenses

$996,874

No earlier filing loaded for comparison.

Net Income

$6,439

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2022: $3,938,734Liabilities 2022: $4,374,067Net Assets 2022: -$435,3332022

Highlighted filing

2022

Assets$3,938,734
Liabilities$4,374,067
Net Assets-$435,333

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2022: $1,003,313Expenses 2022: $996,874Net Income 2022: $6,4392022

Highlighted filing

2022

Revenue$1,003,313
Expenses$996,874
Net Income$6,439

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$3.94$4.37$0.44$1.00$1.00$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
Jan 20, 2023
Return Version
2021v4.2
Gross Receipts
$1,003,313
Mission and Program Overview

Mission

To provide elderly and handicapped persons with housing facilities and services specifically designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness and usefulness in longer living.

To provide affordable accessible housing to the elderly and handicapped persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,238,598$1,193,513▼ $45,085
Cash and Non-Interest-Bearing Accounts$215,872$229,342▲ $13,470
Prepaid Expenses and Deferred Charges$22,321$21,313▼ $1,008
Accounts Receivable$2,164$1,226▼ $938
Total Assets$3,925,713$3,938,734▲ $13,021
Other Assets Total$2,446,758$2,493,340▲ $46,582
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,104,582$4,029,418▼ $75,164
Accounts Payable and Accrued Expenses$91,623$318,564▲ $226,941
Unsecured Notes Loans Payable$145,357--
Other Liabilities$25,923$26,085▲ $162
Total Liabilities$4,367,485$4,374,067▲ $6,582
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-441,772$-435,333▲ $6,439
Total Net Assets Fund Balance$-441,772$-435,333▲ $6,439
Total Liabilities and Net Assets / Fund Balance$3,925,713$3,938,734▲ $13,021

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$878,588$219,414$1,098,002
Land$310,273-$310,273
Equipment$1,971$14,670$16,641
Other Land Buildings$2,681$2,230$4,911
Other Assets Org$680,202--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Celia M KendallCEO$113,767$113,767

Board Members and Trustees

NameTitle
Daniel HuntPresident
Michael a NobleMember
Edwina McintyreSecretary
Stan FordTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$657,089
Program Service Revenue
$338,812
Investment Income
$1,747
Other Revenue
$5,665
Change in Net Assets
$6,439

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,003,313
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,003,313
Total Revenue per Form 990
$1,003,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$996,874
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
Occupancy$184,031--$184,031
Interest$153,151--$153,151
Depreciation Depletion$105,389--$105,389
Fees for Services Management-$65,096-$65,096
Office Expenses$44,527--$44,527
Insurance$25,359--$25,359
Other Expenses$7,007$17,593-$24,600
Fees for Services Legal$9,394--$9,394
Total Functional Expenses$914,185$82,689$0$996,874

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$996,874
Total Expenses per Audited Statements$996,874
Total Expenses per Form 990$996,874
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 Security Deposits$26,085
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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 2

Michael a. Noble, a member, and celia m. Kendall, ceo, have a family relationship.

Form 990, Part VI, Section A, Line 3

Beacon 360 management, inc. And its employees oversee and manage day-to-day operations of the organization. All decisions are discussed and approved by the board of trustees before they are carried out.

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

The finance committee reviews the draft of the 990 and makes suggestions/recommendations to the board. All board members are provided with a copy of the entire 990 before it is filed with the irs.

Form 990, Part VI, Section B, Line 12C

All officers and directors sign the conflict of interest policies annually at the annual board meeting. New board members are required to disclose any potential conflicts prior to admission. Ongoing education on relationships and transactions that could pose potential conflict is integrated into annual board training sessions.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are made available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Bill Mitchell Retirement Villages Inc
EIN
83-3274081
Phone
6144524184
Address
3409 EAST BROAD STREET, COLUMBUS, OH 43213

Signing Officer

Name
Celia M Kendall
Title
CEO
Phone
6144524184
Signed
2023-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Celia M Kendall
Formed
2019
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Tidwell Group LLC
Address
4249 EASTON WAY STE 210, COLUMBUS, OH 43219
Preparer
Todd Fentress CPA
Phone
6145281440
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has an audit committee which oversees the audit of the financial statements and is involved in the selection of the independent accountant which performs the audit.

Financial Statement Notes

PART X, LINE 2:

The corporation has been recognized by the internal revenue service as an organization exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The corporation accounts for uncertainty in income taxes in accordance with accounting standards codification for income taxes. This interpretation prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This interpretation also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The corporation determined that all income tax filing positions would be sustained upon examination and accordingly, has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions as of april 30, 2022 or 2021.

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REAL ESTATE TAX AND INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CRITICAL REPAIRS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4REHABILITATION IN PROGRESS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01003313
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION FOR INCOME TAXES. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS INTERPRETATION ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE CORPORATION DETERMINED THAT ALL INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND ACCORDINGLY, HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AS OF APRIL 30, 2022 OR 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt02493340
IRS990ScheduleD/TotalExpensesPerForm990Amt0996874
IRS990ScheduleD/TotalLiabilityAmt026085
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01003313
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MICHAEL A. NOBLE, A MEMBER, AND CELIA M. KENDALL, CEO, HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BEACON 360 MANAGEMENT, INC. AND ITS EMPLOYEES OVERSEE AND MANAGE DAY-TO-DAY OPERATIONS OF THE ORGANIZATION. ALL DECISIONS ARE DISCUSSED AND APPROVED BY THE BOARD OF TRUSTEES BEFORE THEY ARE CARRIED OUT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINANCE COMMITTEE REVIEWS THE DRAFT OF THE 990 AND MAKES SUGGESTIONS/RECOMMENDATIONS TO THE BOARD. ALL BOARD MEMBERS ARE PROVIDED WITH A COPY OF THE ENTIRE 990 BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL OFFICERS AND DIRECTORS SIGN THE CONFLICT OF INTEREST POLICIES ANNUALLY AT THE ANNUAL BOARD MEETING. NEW BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS PRIOR TO ADMISSION. ONGOING EDUCATION ON RELATIONSHIPS AND TRANSACTIONS THAT COULD POSE POTENTIAL CONFLICT IS INTEGRATED INTO ANNUAL BOARD TRAINING SESSIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS AN AUDIT COMMITTEE WHICH OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS AND IS INVOLVED IN THE SELECTION OF THE INDEPENDENT ACCOUNTANT WHICH PERFORMS THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BEACON 360 MANAGEMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1WSHDCZHDC APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2KEYGATE MANOR INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3LICKING ARC APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4OAK HILL MANOR HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5HATTIE JACKSON II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6WASMVER DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7SHILOH NEIGHBORHOOD DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8WASHINGTON SQUARE HOUSING DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9CANDLEWICK COMMONS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10JOHNNY JOHN COMMONS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11EAST NEWARK CURC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12OBGC I INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13OBGC II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt14OBGC III INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt12501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt13501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt14501(C)(3)

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