Civic Intelligence

Winterhaven Apartments Inc

990 • Fiscal year 2018 • EIN 04-3757307

Apr 01, 2017 to Mar 31, 2018 • Filed on Aug 06, 2018

1416 Cumming AveSuperior, WI 54880

(715) 394-6617

Siviq Scores

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

Liabilities / Assets

97th percentile

2.17x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

3.40x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

26th percentile

-7.7%

Higher net margin than 26% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$180,981

Down $23,502 (-11%) from 2017

Net Assets

Down

-$210,879

Down $8,903 (-4.4%) from 2017

Liabilities

Down

$391,860

Down $14,599 (-3.6%) from 2017

Revenue

Up

$115,202

Up $15,980 (+16%) from 2017

Expenses

Up

$124,105

Up $13,662 (+12%) from 2017

Net Income

Up

-$8,903

Up $2,318 (+21%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200K-$400KAssets 2012: $283,145Liabilities 2012: $423,921Net Assets 2012: -$140,7762012Assets 2013: $264,119Liabilities 2013: $419,977Net Assets 2013: -$155,8582013Assets 2014: $247,523Liabilities 2014: $411,799Net Assets 2014: -$164,2762014Assets 2015: $220,252Liabilities 2015: $408,946Net Assets 2015: -$188,6942015Assets 2016: $205,357Liabilities 2016: $396,112Net Assets 2016: -$190,7552016Assets 2017: $204,483Liabilities 2017: $406,459Net Assets 2017: -$201,9762017Assets 2018: $180,981Liabilities 2018: $391,860Net Assets 2018: -$210,8792018Assets 2019: $173,975Liabilities 2019: $395,676Net Assets 2019: -$221,7012019Assets 2020: $149,264Liabilities 2020: $385,942Net Assets 2020: -$236,6782020Assets 2021: $125,247Liabilities 2021: $360,837Net Assets 2021: -$235,5902021Assets 2022: $120,433Liabilities 2022: $362,817Net Assets 2022: -$242,3842022Assets 2023: $122,281Liabilities 2023: $347,393Net Assets 2023: -$225,1122023Assets 2024: $111,878Liabilities 2024: $329,779Net Assets 2024: -$217,9012024Assets 2025: $135,770Liabilities 2025: $318,843Net Assets 2025: -$183,0732025

Highlighted filing

2018

Assets$180,981
Liabilities$391,860
Net Assets-$210,879

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2012: $103,470Expenses 2012: $102,729Net Income 2012: $7412012Revenue 2013: $94,020Expenses 2013: $109,102Net Income 2013: -$15,0822013Revenue 2014: $94,001Expenses 2014: $102,419Net Income 2014: -$8,4182014Revenue 2015: $96,442Expenses 2015: $120,860Net Income 2015: -$24,4182015Revenue 2016: $101,358Expenses 2016: $103,419Net Income 2016: -$2,0612016Revenue 2017: $99,222Expenses 2017: $110,443Net Income 2017: -$11,2212017Revenue 2018: $115,202Expenses 2018: $124,105Net Income 2018: -$8,9032018Revenue 2019: $118,371Expenses 2019: $129,193Net Income 2019: -$10,8222019Revenue 2020: $110,519Expenses 2020: $125,496Net Income 2020: -$14,9772020Revenue 2021: $127,866Expenses 2021: $126,778Net Income 2021: $1,0882021Revenue 2022: $112,183Expenses 2022: $118,977Net Income 2022: -$6,7942022Revenue 2023: $123,246Expenses 2023: $105,974Net Income 2023: $17,2722023Revenue 2024: $140,402Expenses 2024: $133,191Net Income 2024: $7,2112024Revenue 2025: $145,390Expenses 2025: $110,562Net Income 2025: $34,8282025

Highlighted filing

2018

Revenue$115,202
Expenses$124,105
Net Income-$8,903
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
Aug 6, 2018
Return Version
2017v2.0
Gross Receipts
$115,202
Mission and Program Overview

Mission

Creating homes by bringing safe and affordable housing opportunities to seniors and persons with disabilities.

Subsidized housing for low income senior citizens

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$138,922$118,830▼ $20,092
Savings and Temporary Cash Investments$43,300$44,782▲ $1,482
Cash and Non-Interest-Bearing Accounts$18,477$13,665▼ $4,812
Prepaid Expenses and Deferred Charges$2,035$2,242▲ $207
Intangible Assets$1,671$1,410▼ $261
Accounts Receivable$78$52▼ $26
Total Assets$204,483$180,981▼ $23,502
Liabilities
Mortgage Notes Payable Secured by Investment Property$381,067$372,955▼ $8,112
Accounts Payable and Accrued Expenses$25,392$18,905▼ $6,487
Total Liabilities$406,459$391,860▼ $14,599
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-201,976$-210,879▼ $8,903
Total Net Assets Fund Balance$-201,976$-210,879▼ $8,903
Total Liabilities and Net Assets / Fund Balance$204,483$180,981▼ $23,502

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$108,830$293,022$401,852
Land$10,000-$10,000
Equipment$0$5,100$5,100
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff UrbaniakPresident
Joanne GilbertsonVice President
James EricksonBoard Director
Mary Ann RotondiBoard Director
Sarah PetersonBoard Director
Richard MoranSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$68,188
Program Service Revenue
$46,994
Investment Income
$20
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$-8,903
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,327
Salaries, Compensation, and Employee Benefits$19,778
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$55,651--$55,651
Depreciation Depletion$20,353--$20,353
Other Salaries and Wages$9,367$7,130-$16,497
Interest$10,560--$10,560
Payments to Affiliates-$8,254-$8,254
Office Expenses$1,849$1,848-$3,697
Travel$2,330--$2,330
Advertising$1,950--$1,950
Other Employee Benefits-$1,729-$1,729
Payroll Taxes$881$671-$1,552
Insurance$1,529--$1,529
Other Expenses$0$3$0$3
Total Functional Expenses$104,470$19,635$0$124,105
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
Backup withholding compliance
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The management function has been contracted with Catholic Charities Bureau, Inc., a related party.

Form 990, Part VI, Section A, Line 7A

The Board of Directors of Catholic Charities Bureau, Inc. appoints the Board Directors of Winterhaven Apartments, Inc.

Form 990, Part VI, Section A, Line 7B

The Winterhaven Apartments, Inc. corporate entity cannot be dissolved without the approval of Catholic Charities Bureau, Inc.

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

Form 990 is reviewed by the Board of Directors at a regularly scheduled meeting which may occur following the submission of Form 990 to the Internal Revenue Service.

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

All Board Directors are reminded annually that they are required to reveal any circumstances that could possibly be construed to be a conflict of interest to their role of serving on the Board of Directors.

Form 990, Part VI, Section B, Line 15

All salaries are subject to approval by the Board of Directors.

Form 990, Part VI, Section C, Line 19

All requests for information are processed based on the merits of each circumstance.

Filing and Contact Details

Filer

Filer Name
Winterhaven Apartments Inc
EIN
04-3757307
Phone
7153946617
Address
1416 Cumming Ave, Superior, WI 54880

Signing Officer

Name
Gary Valley
Title
Director of Housing
Phone
7153947741
Signed
2018-08-06

Organization Details

Principal Officer
Gary Valley
Formed
2003
Legal Domicile
Wi
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2B

All wages and withheld payroll taxes were reported to the Internal Revenue Service by Catholic Charities Bureau, Inc., EIN 39-0940744. Catholic Charities Bureau is our parent organization and provides payroll services to the organization.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt019
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt090
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0210893
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt046994
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt040456
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt047078
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt035825
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt040597
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0210950
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58311
IRS990ScheduleA/PublicSupportPY170Pct00.57264
IRS990ScheduleA/PublicSupportTotal170Amt0295185
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt068188
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt058747
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt054263
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt060599
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt053388
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0295185
IRS990ScheduleA/TotalSupportAmt0506225
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0108830
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0293022
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0401852
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05100
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05100
IRS990ScheduleD/LandGrp/BookValueAmt010000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0118830
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All wages and withheld payroll taxes were reported to the Internal Revenue Service by Catholic Charities Bureau, Inc., EIN 39-0940744. Catholic Charities Bureau is our parent organization and provides payroll services to the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The management function has been contracted with Catholic Charities Bureau, Inc., a related party.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors of Catholic Charities Bureau, Inc. appoints the Board Directors of Winterhaven Apartments, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Winterhaven Apartments, Inc. corporate entity cannot be dissolved without the approval of Catholic Charities Bureau, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990 is reviewed by the Board of Directors at a regularly scheduled meeting which may occur following the submission of Form 990 to the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All Board Directors are reminded annually that they are required to reveal any circumstances that could possibly be construed to be a conflict of interest to their role of serving on the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6All salaries are subject to approval by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7All requests for information are processed based on the merits of each circumstance.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 2b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Catholic Charities Bureau Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0390940744
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Social Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(b)(1)(A)(vi)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01416 Cumming Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Superior
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd054880
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0204483
IRS990/TotalAssetsEOYAmt0180981
IRS990/TotalAssetsGrp/BOYAmt0204483
IRS990/TotalAssetsGrp/EOYAmt0180981
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt068188
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019635
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0104470
IRS990/TotalFunctionalExpensesGrp/TotalAmt0124105
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0406459
IRS990/TotalLiabilitiesEOYAmt0391860
IRS990/TotalLiabilitiesGrp/BOYAmt0406459
IRS990/TotalLiabilitiesGrp/EOYAmt0391860
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-201976
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-210879
IRS990/TotalOtherCompensationAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$3.19$1.83$1.45$1.11$0.35
2024Detailed filing. Detailed filing data is available for this year.$1.12$3.30$2.18$1.40$1.33$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.22$3.47$2.25$1.23$1.06$0.17
2022Detailed filing. Detailed filing data is available for this year.$1.20$3.63$2.42$1.12$1.19$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.25$3.61$2.36$1.28$1.27$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.49$3.86$2.37$1.11$1.25$0.15
2019Detailed filing. Detailed filing data is available for this year.$1.74$3.96$2.22$1.18$1.29$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.81$3.92$2.11$1.15$1.24$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.04$4.06$2.02$0.99$1.10$0.11
2016Detailed filing. Detailed filing data is available for this year.$2.05$3.96$1.91$1.01$1.03$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.20$4.09$1.89$0.96$1.21$0.24
2014Summary only. Only limited summary data is available for this year.$2.48$4.12$1.64$0.94$1.02$0.08
2013Summary only. Only limited summary data is available for this year.$2.64$4.20$1.56$0.94$1.09$0.15
2012Summary only. Only limited summary data is available for this year.$2.83$4.24$1.41$1.03$1.03$0.01