CABOT HOUSING INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: CABOT HOUSING INC (EIN 71-0600271)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-15
IRS object ID: 201333199349302403
Schema version: 2012v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-15T08:30:49-06:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	YOAKUM LOVELL & COMPANY PLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1106 MILITARY RD	AddressLine1
City	BENTON	City
State	AR	State
ZIP Code	720152909	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	710600271	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	CABOT HOUSING INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	CABO	NameControl
Phone	5012914700	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2501 CRESTWOOD STE 205	AddressLine1
City	N LITTLE ROCK	City
State	AR	State
ZIP Code	72116	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MILES GRAHAM	Name
Title	MANAGEMENT AGENT	Title
Phone	5012914700	Phone
Date Signed	2013-11-14	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	MICHAEL STOREY	Name
Phone	5017780495	Phone
Date Prepared	2013-11-15	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	426763	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Activity Or Mission Description	TO PROVIDE HUD HOUSING.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	163413	ProgramServiceRevenuePriorYear
Program Service Revenue CY	420438	ProgramServiceRevenueCY
Investment Income Prior Year	5	InvestmentIncomePriorYear
Investment Income Current Year	135	InvestmentIncomeCurrentYear
Other Revenue Prior Year	945	OtherRevenuePriorYear
Other Revenue Current Year	6190	OtherRevenueCurrentYear
Total Revenue Prior Year	164363	TotalRevenuePriorYear
Total Revenue Current Year	426763	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	46276	SalariesEtcPriorYear
Salaries Etc Current Year	114092	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	10223	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	111882	OtherExpensePriorYear
Other Expenses Current Year	381778	OtherExpensesCurrentYear
Total Expenses Prior Year	168381	TotalExpensesPriorYear
Total Expenses Current Year	495870	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-4018	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-69107	RevenuesLessExpensesCY
Total Assets BOY	224834	TotalAssetsBOY
Total Assets EOY	1893972	TotalAssetsEOY
Total Liabilities BOY	447094	TotalLiabilitiesBOY
Total Liabilities EOY	2628748	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-222260	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-734776	NetAssetsOrFundBalancesEOY
Mission Description	TO PROVIDE HUD HOUSING.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	495870	Expense
Description	TO PROVIDE HUD HOUSING FOR THE LOW INCOME ELDERLY.	Description
Total Program Service Expense	495870	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	5	NbrVotingGoverningBodyMembers
Number Independent Voting Members	5	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	MILES GRAHAM	NamePerson
Telephone Number	5012914700	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2501 CRESTWOOD STE205	AddressLine1
City	NLR	City
State	AR	State
ZIP Code	72116	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (5 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
EDDIE MOORE
BOARD MEMBER	1.00	X	0	0	0
ROY SKILLERN
BOARD MEMBER	1.00	X	0	0	0
RONALS EVANS
BOARD MEMBER	1.00	X	0	0	0
RANDY MAULK
BOARD MEMBER	1.00	X	0	0	0
TAMARA WALKER
BOARD MEMBER	1.00	X	0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	TENANT RENT	Description
Total Revenue Column	420438	TotalRevenueColumn
Related Or Exempt Function Income	420438	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	420438	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	135	TotalRevenueColumn
Related Or Exempt Function Income	135	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISC. REVENUE	Description
Total Revenue Column	6190	TotalRevenueColumn
Related Or Exempt Function Income	6190	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	6190	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	426763	TotalRevenueColumn
Related Or Exempt Function Income	426763	RelatedOrExemptFunctionIncome

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	82716	Total
Program Services	82716	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	20331	Total
Program Services	20331	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	11045	Total
Program Services	11045	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	15158	Total
Program Services	15158	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	527	Total
Program Services	527	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	33062	Total
Program Services	33062	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	39384	Total
Program Services	39384	ProgramServices

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	1384	Total
Program Services	1384	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	58508	Total
Program Services	58508	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	38000	Total
Program Services	38000	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
INSURANCE	60475	60475
MISC. ADMINISTRATIVE EXP.	42397	42397
SUPPLIES	41555	41555
CONTRACTS	23740	23740

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	27588	Total
Program Services	27588	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	495870	Total
Program Services	495870	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	2832	BOY
EOY	193419	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	4937	BOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	30927	BOY
EOY	14812	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	1799099	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	397862	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	184592	BOY
EOY	1401237	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	1546	BOY
EOY	284504	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	224834	BOY
EOY	1893972	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	18671	BOY
EOY	43369	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	4773	BOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	423650	BOY
EOY	2585379	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	447094	BOY
EOY	2628748	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-222260	BOY
EOY	-734776	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-222260	BOY
EOY	-734776	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	224834	BOY
EOY	1893972	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-69107	ReconcilationRevenueExpenses
Reconcilation Other Changes	-443409	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	77848	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	75233	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	48317	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	47073	CurrentTaxYearMinus1Year
Current Tax Year	113713	CurrentTaxYear
Total	362184	Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	38877	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	50434	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	95643	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	116340	CurrentTaxYearMinus1Year
Current Tax Year	312915	CurrentTaxYear
Total	614209	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	116725	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	125667	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	143960	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	163413	CurrentTaxYearMinus1Year
Current Tax Year	426628	CurrentTaxYear
Total	976393	Total

Field	Value	IRS element (for citing)
Public Support Total509	976393	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	561	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	418	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	71	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	5	CurrentTaxYearMinus1Year
Current Tax Year	135	CurrentTaxYear
Total	1190	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	561	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	418	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	71	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	5	CurrentTaxYearMinus1Year
Current Tax Year	135	CurrentTaxYear
Total	1190	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	117286	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	126085	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	144031	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	163418	CurrentTaxYearMinus1Year
Current Tax Year	426763	CurrentTaxYear
Total	977583	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.99880	PublicSupportPercentage509
Prior Year Support Percentage	0.99740	PriorYearSupportPercentage
Investment Income Percentage	0.00000	InvestmentIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule D IRS990ScheduleD

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1799099	OtherCostOrOtherBasis
Depreciation	397862	Depreciation
Book Value	1401237	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1401237	TotalOfBookValueLandBuildings

Other Assets OtherAssets (3 entries)

DescriptionDescription	Book ValueBookValue
REPLACEMENT RESERVE	250455
ESCROW DEPOSITS	17834
TENANT DEPOSITS HELD IN TRUST	16215

Field	Value	IRS element (for citing)
Total Book Value Other Assets	284504	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
MORTGAGES AND OTHER NOTES PAYABLE	$2,568,533
TENANT DEPOSITS HELD IN TRUST	$16,357
BANK OVERDRAFT	$489

Field	Value	IRS element (for citing)
Total Of Amounts	2585379	TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	NO REVIEW WAS OR WILL BE CONDUCTED.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 9	ASSETS FROM NEWBERRY COURT 71-04805838 WERE TRANSFERRED TO CABOT HOUSING, INC.