Civic Intelligence

Multi-Ethnic Development

EIN 94-2389209 • 501(c)3 • Salt Lake City, UT

Profile

The organization is one of salt lake city's oldest nonprofit organizations involved in the development, ownership, and management of affordable housing. The mission of the organization is to serve the community by developing, owning, and managing clean, safe, affordable housing for low and moderate income populations.

925 South 200 West Suite CSalt Lake City, UT 84101-3010

www.medc-utah.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2016

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

16th percentile

-39%

Higher net margin than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

94th percentile

147%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$0

Down $618,056 (-100%) from 2015

Liabilities

Down

$0

Down $589,851 (-100%) from 2015

Net Assets

Down

$0

Down $28,205 (-100%) from 2015

Revenue

Up

$73,878

Up $43,928 (+147%) from 2015

Expenses

Up

$102,417

Up $50,952 (+99%) from 2015

Net Income

Down

-$28,539

Down $7,024 (-33%) from 2015

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,435,586Liabilities 2010: $4,143,423Net Assets 2010: $292,1632010Assets 2011: $3,969,651Liabilities 2011: $3,789,487Net Assets 2011: $180,1642011Assets 2012: $780,935Liabilities 2012: $640,808Net Assets 2012: $140,1272012Assets 2013: $695,373Liabilities 2013: $630,655Net Assets 2013: $64,7182013Assets 2014: $645,487Liabilities 2014: $595,767Net Assets 2014: $49,7202014Assets 2015: $618,056Liabilities 2015: $589,851Net Assets 2015: $28,2052015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2016

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$200K$100K$0-$100KExpenses 2010: $186,7522010Expenses 2011: $137,0652011Revenue 2012: $151,725Expenses 2012: $191,762Net Income 2012: -$40,0372012Revenue 2013: $17,933Expenses 2013: $93,342Net Income 2013: -$75,4092013Revenue 2014: $14,108Expenses 2014: $29,106Net Income 2014: -$14,9982014Revenue 2015: $29,950Expenses 2015: $51,465Net Income 2015: -$21,5152015Revenue 2016: $73,878Expenses 2016: $102,417Net Income 2016: -$28,5392016

Highlighted filing

2016

Revenue$73,878
Expenses$102,417
Net Income-$28,539

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 21, 2016
Return Version
2015v2.1
Gross Receipts
$180,947
Mission and Program Overview

Mission

The organization is one of salt lake city's oldest nonprofit organizations involved in the development, ownership, and management of affordable housing. The mission of the organization is to serve the community by developing, owning, and managing clean, safe, affordable housing for low and moderate income populations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$471,615--
Cash and Non-Interest-Bearing Accounts$93,772--
Accounts Receivable$6,369--
Total Assets$618,056$0▼ $618,056
Other Assets Total$46,300--
Liabilities
Mortgage Notes Payable Secured by Investment Property$567,780--
Accounts Payable and Accrued Expenses$16,314--
Other Liabilities$5,757--
Total Liabilities$589,851$0▼ $589,851
Net Assets / Fund Balance
Unrestricted Net Assets$28,205--
Total Net Assets Fund Balance$28,205$0▼ $28,205
Total Liabilities and Net Assets / Fund Balance$618,056$0▼ $618,056
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Troy HartInterim ExecPT$32,760$32,760

Board Members and Trustees

NameTitle
Paula MarshPresident
Nathan JohnsonBoard Member
Shawn TeigenBoard Member
Paula CarlSecretary
Shellie BarrusTreasurer
Marci MilliganVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$47,451
Investment Income
$0
Other Revenue
$26,427
Change in Net Assets
$-28,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,381
Grants and Similar Amounts Paid$34,036
Total Fundraising Expense$17
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$34,036--$34,036
Fees for Services Management-$19,974-$19,974
Fees for Services Legal-$4,643-$4,643
Fees for Services Accounting-$4,158-$4,158
Insurance-$3,382-$3,382
Office Expenses-$1,137-$1,137
Depreciation Depletion$267$50$17$334
Fees for Services Other-$315-$315
Other Expenses$11,989$115-$115
All Other Expenses-$16-$16
Total Functional Expenses$67,427$34,973$17$102,417
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Utah Nonprofit HousingSalt Lake City, UT501c3Close Out Activities$34,036
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 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
Yes
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, Page 6, Part VI, Line 11B

A draft of the 990 is provided to all board members for review prior to filing. The board formally reviews the 990 during a board meeting and votes to approve the document. In addition, the executive director and board president provide signature approval for the document.

Form 990, Page 6, Part VI, Line 12C

The executive director, board of directors, and key management are required to disclose conflicts or potential conflicts of interest annually. In addition, the organization's policy is that any director or officer with knowledge or an actual or potential conflict of interest on the part of that director or officer or any other director or officer of the organization is required to inform the entire board of the conflict. The board as a whole will the obtain appropriate disclosure and an understanding of all material facts. The board as a whole (with the exclusion of any interested persons) will determine whether an actual conflict exists. If the board determines that a conflict exists, the board shall investigate alternatives to the proposed transaction or arrangement. Specific actions will be determined on a case by case basis.

Form 990, Page 6, Part VI, Line 15A

Compensation for the executive director is determined by the board of directors, which is independent from the executive director. Market comparability data from similar positions at similar non-profit organizations in the region is used to determine a reasonable salary. Deliberation and determination of compensation is documented.

Form 990, Page 6, Part VI, Line 15B

Compensation for all other employees is determined by the board of directors, which is independent. Market comparability data from similar positions at similar non-profit organizations in the region is used to determine a reasonable salary. Deliberation and determination of compensation is documented.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request at the organzation's offics during regular business hours.

Filing and Contact Details

Filer

Filer Name
Multi-ethnic Development
EIN
94-2389209
Phone
8015212991
Address
925 SOUTH 200 WEST SUITE C, SALT LAKE CITY, UT 84101-3010

Signing Officer

Name
Paula Marsh
Title
President
Phone
8015212991
Signed
2016-12-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paula Marsh
Formed
1975
Legal Domicile
Ut
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Shaw & Co Pc
Address
1564 SOUTH 500 WEST SUITE 201, BOUNTIFUL, UT 84010-7400
Preparer
Justin R Shaw CPA Cfe Cgma
Phone
8012943155
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization is one of salt lake city's oldest nonprofit organizations involved in the development, ownership, and management of affordable housing. The mission of the organization is to serve the community by developing, owning, and managing clean, safe, affordable housing for low and moderate income populations.

Form 990, Part XI, Line 9

Book / tax depreciation difference 334 total 334

Raw XML Appendix361 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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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501C3
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0UTAH NONPROFIT HOUSING CORPORATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0223 W 700 S SUITE C
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0SALT LAKE CITY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0UT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd084101
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS ONE OF SALT LAKE CITY'S OLDEST NONPROFIT ORGANIZATIONS INVOLVED IN THE DEVELOPMENT, OWNERSHIP, AND MANAGEMENT OF AFFORDABLE HOUSING. THE MISSION OF THE ORGANIZATION IS TO SERVE THE COMMUNITY BY DEVELOPING, OWNING, AND MANAGING CLEAN, SAFE, AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME POPULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. THE BOARD FORMALLY REVIEWS THE 990 DURING A BOARD MEETING AND VOTES TO APPROVE THE DOCUMENT. IN ADDITION, THE EXECUTIVE DIRECTOR AND BOARD PRESIDENT PROVIDE SIGNATURE APPROVAL FOR THE DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR, BOARD OF DIRECTORS, AND KEY MANAGEMENT ARE REQUIRED TO DISCLOSE CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST ANNUALLY. IN ADDITION, THE ORGANIZATION'S POLICY IS THAT ANY DIRECTOR OR OFFICER WITH KNOWLEDGE OR AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST ON THE PART OF THAT DIRECTOR OR OFFICER OR ANY OTHER DIRECTOR OR OFFICER OF THE ORGANIZATION IS REQUIRED TO INFORM THE ENTIRE BOARD OF THE CONFLICT. THE BOARD AS A WHOLE WILL THE OBTAIN APPROPRIATE DISCLOSURE AND AN UNDERSTANDING OF ALL MATERIAL FACTS. THE BOARD AS A WHOLE (WITH THE EXCLUSION OF ANY INTERESTED PERSONS) WILL DETERMINE WHETHER AN ACTUAL CONFLICT EXISTS. IF THE BOARD DETERMINES THAT A CONFLICT EXISTS, THE BOARD SHALL INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. SPECIFIC ACTIONS WILL BE DETERMINED ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OF DIRECTORS, WHICH IS INDEPENDENT FROM THE EXECUTIVE DIRECTOR. MARKET COMPARABILITY DATA FROM SIMILAR POSITIONS AT SIMILAR NON-PROFIT ORGANIZATIONS IN THE REGION IS USED TO DETERMINE A REASONABLE SALARY. DELIBERATION AND DETERMINATION OF COMPENSATION IS DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR ALL OTHER EMPLOYEES IS DETERMINED BY THE BOARD OF DIRECTORS, WHICH IS INDEPENDENT. MARKET COMPARABILITY DATA FROM SIMILAR POSITIONS AT SIMILAR NON-PROFIT ORGANIZATIONS IN THE REGION IS USED TO DETERMINE A REASONABLE SALARY. DELIBERATION AND DETERMINATION OF COMPENSATION IS DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANZATION'S OFFICS DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOOK / TAX DEPRECIATION DIFFERENCE 334 TOTAL 334
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0UT
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt0618056
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0618056
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt017
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034973
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt067427
IRS990/TotalFunctionalExpensesGrp/TotalAmt0102417
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0589851
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0589851
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt028205
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalProgramServiceExpensesAmt067427
IRS990/TotalProgramServiceRevenueAmt047451
IRS990/TotalReportableCompFromOrgAmt032760
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt073878
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt073878
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0618056
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt028205
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0925 SOUTH 200 WEST SUITE C
IRS990/USAddress/CityNm0SALT LAKE CITY
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084101
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTP://WWW.MEDC-UTAH.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAULA MARSH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08015212991
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MULTI-ETHNIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0MULT
ReturnHeader/Filer/EIN0942389209
ReturnHeader/Filer/PhoneNum08015212991
ReturnHeader/Filer/USAddress/AddressLine1Txt0925 SOUTH 200 WEST SUITE C
ReturnHeader/Filer/USAddress/CityNm0SALT LAKE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd0841013010
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460952065
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHAW & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01564 SOUTH 500 WEST SUITE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOUNTIFUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0840107400
ReturnHeader/PreparerPersonGrp/PhoneNum08012943155
ReturnHeader/PreparerPersonGrp/PreparationDt02016-12-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUSTIN R SHAW CPA CFE CGMA
ReturnHeader/ReturnTs02016-12-22T16:06:22-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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