Civic Intelligence

Legacy25 Inc.

990 • Fiscal year 2022 • EIN 83-4059404

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 26, 2023

Organization ProfileN/A
8250 Dean RoadIndianapolis, IN 46240

(317) 815-5929

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

100th percentile

4096%

Faster asset growth than 100% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

100th percentile

72721%

Faster revenue growth than 100% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,061,004

Up $1,035,717 (+4096%) from 2021

Net Assets

Up

$1,061,004

Up $1,035,717 (+4096%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin99th percentile

Revenue

Up

$1,036,964

Up $1,035,540 (+72721%) from 2021

Expenses

Down

$1,247

Down $2,458 (-66%) from 2021

Net Income

Up

$1,035,717

Up $1,037,998 (+45506%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2019: $0Liabilities 2019: $7,329Net Assets 2019: -$7,3292019Assets 2020: $28,346Liabilities 2020: $778Net Assets 2020: $27,5682020Assets 2021: $25,287Liabilities 2021: $0Net Assets 2021: $25,2872021Assets 2022: $1,061,004Liabilities 2022: $0Net Assets 2022: $1,061,0042022Assets 2023: $3,143,456Liabilities 2023: $0Net Assets 2023: $3,143,4562023Assets 2024: $4,773,332Liabilities 2024: $550,000Net Assets 2024: $4,223,3322024

Highlighted filing

2022

Assets$1,061,004
Liabilities$0
Net Assets$1,061,004
Open 2022 Filing

Operations Trend

Revenue Growth100th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $0Expenses 2019: $7,329Net Income 2019: -$7,3292019Revenue 2020: $39,072Expenses 2020: $4,175Net Income 2020: $34,8972020Revenue 2021: $1,424Expenses 2021: $3,705Net Income 2021: -$2,2812021Revenue 2022: $1,036,964Expenses 2022: $1,247Net Income 2022: $1,035,7172022Revenue 2023: $2,087,892Expenses 2023: $5,441Net Income 2023: $2,082,4512023Revenue 2024: $1,131,596Expenses 2024: $51,720Net Income 2024: $1,079,8762024

Highlighted filing

2022

Revenue$1,036,964
Expenses$1,247
Net Income$1,035,717
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 26, 2023
Return Version
2022v5.0
Gross Receipts
$1,036,965
Mission and Program Overview

Mission

The mission of legacy25, inc. Is to foster, promote, develop and provide housing that is safe, decent and affordable to low-income and moderate-income individuals, families and seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net-$974,999-
Accounts Receivable-$60,024-
Investments Program Related$15,496$17,242▲ $1,746
Cash and Non-Interest-Bearing Accounts$9,791$8,739▼ $1,052
Total Assets$25,287$1,061,004▲ $1,035,717
Liabilities
Accounts Payable and Accrued Expenses-$0-
Mortgage Notes Payable Secured by Investment Property-$0-
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,287$1,061,004▲ $1,035,717
Total Net Assets Fund Balance$25,287$1,061,004▲ $1,035,717
Total Liabilities and Net Assets / Fund Balance$25,287$1,061,004▲ $1,035,717
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Ronda ShrewsburyPresident
Julie MinnerSecretary
Bradley P HoopTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$61,868
Investment Income
$975,096
Other Revenue
$0
Change in Net Assets
$1,035,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,247
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
Fees for Services Accounting-$1,150-$1,150
Fees for Services Legal-$97-$97
Total Functional Expenses$0$1,247$0$1,247
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
No
Annual disclosure for covered persons
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
No

Governance Explanations

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

“A copy of the form 990 is provided to the organization's president who reviews and signs the return.”

Form 990, Part VI, Section C, Line 19

“Documents available upon request.”

FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:

“All of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.”

Filing and Contact Details

Filer

Filer Name
Legacy25 Inc
EIN
83-4059404
Phone
3178155929
Address
8250 DEAN ROAD, INDIANAPOLIS, IN 46240

Signing Officer

Name
Ronda Shrewsbury
Title
President
Phone
3178155929
Signed
2023-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronda Shrewsbury
Formed
2018
Legal Domicile
In
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Corrie a Mcconnell
Phone
3178485700
Supplemental Narrative

Additional Explanations

Copy of Section 168(H)(6) Election

“Copy of section 168(h)(6) election made on 2022 form 1120 for related corporation 2525 gp, llc (fein - 87-3927405) the taxpayer is a tax-exempt controlled entity (as defined in 168(h)(6)(f)(iii) of the internal revenue code (irc) of 1986 (as amended)). Taxpayer elects to treat any gain recognized by its tax-exempt parent on disposition of its interest in the taxpayer, as well as any dividends or interest income from the taxpayer, as unrelated business taxable income under irc 511 pursuant to irc 168(h)(5) and (6). Taxpayer elects not to be treated as a tax-exempt entity pursuant to this section.”

Raw XML Appendix339 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 COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S PRESIDENT WHO REVIEWS AND SIGNS THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPY OF SECTION 168(H)(6) ELECTION MADE ON 2022 FORM 1120 FOR RELATED CORPORATION 2525 GP, LLC (FEIN - 87-3927405) THE TAXPAYER IS A TAX-EXEMPT CONTROLLED ENTITY (AS DEFINED IN 168(H)(6)(F)(III) OF THE INTERNAL REVENUE CODE (IRC) OF 1986 (AS AMENDED)). TAXPAYER ELECTS TO TREAT ANY GAIN RECOGNIZED BY ITS TAX-EXEMPT PARENT ON DISPOSITION OF ITS INTEREST IN THE TAXPAYER, AS WELL AS ANY DIVIDENDS OR INTEREST INCOME FROM THE TAXPAYER, AS UNRELATED BUSINESS TAXABLE INCOME UNDER IRC 511 PURSUANT TO IRC 168(H)(5) AND (6). TAXPAYER ELECTS NOT TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO THIS SECTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3COPY OF SECTION 168(H)(6) ELECTION
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0AFFORDABLE LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1AFFORDABLE LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0LEGACY25 RA PRESERVATION LLC
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IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt025287
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01061004
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01746
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01746
IRS990/TotalProgramServiceRevenueAmt061868
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01036964
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01036964
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025287
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01061004
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08250 DEAN ROAD
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046240
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RONDA SHREWSBURY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03178155929
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEGACY25 INC
ReturnHeader/Filer/BusinessNameControlTxt0LEGA
ReturnHeader/Filer/EIN0834059404
ReturnHeader/Filer/PhoneNum03178155929
ReturnHeader/Filer/USAddress/AddressLine1Txt08250 DEAN ROAD
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046240
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351750664
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAUBY O'CONNOR & ZALESKI LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0501 CONGRESSIONAL BLVD 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARMEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046032
ReturnHeader/PreparerPersonGrp/PhoneNum03178485700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CORRIE A MCCONNELL
ReturnHeader/ReturnTs02023-10-26T14:10:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RONDA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHREWSBURY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,061,004
Liabilities
$0
Net assets
$1,061,004
Revenue
$1,036,964
Expenses
$1,247
Net income
$1,035,717
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.77$0.55$4.22$1.13$0.05$1.08
2023Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$2.09$0.01$2.08
2022Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$1.04$0.00$1.04
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.04$0.00$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.01$0.00$0.01$0.01