Civic Intelligence

Winterhaven Apartments Inc

990 • Fiscal year 2021 • EIN 04-3757307

Apr 01, 2020 to Mar 31, 2021 • Filed on Nov 16, 2021

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

98th percentile

2.88x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

97th percentile

2.82x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

38th percentile

0.9%

Higher net margin than 38% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

21st percentile

-16%

Faster asset growth than 21% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

59th percentile

16%

Faster revenue growth than 59% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$125,247

Down $24,017 (-16%) from 2020

Net Assets

Up

-$235,590

Up $1,088 (+0.5%) from 2020

Liabilities

Down

$360,837

Down $25,105 (-6.5%) from 2020

Revenue

Up

$127,866

Up $17,347 (+16%) from 2020

Expenses

Up

$126,778

Up $1,282 (+1.0%) from 2020

Net Income

Up

$1,088

Up $16,065 (+107%) from 2020

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

2021

Assets$125,247
Liabilities$360,837
Net Assets-$235,590

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

2021

Revenue$127,866
Expenses$126,778
Net Income$1,088
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Nov 16, 2021
Return Version
2020v4.0
Gross Receipts
$127,866
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$86,280$65,424▼ $20,856
Savings and Temporary Cash Investments$42,682$46,883▲ $4,201
Cash and Non-Interest-Bearing Accounts$18,256$11,055▼ $7,201
Prepaid Expenses and Deferred Charges$1,158$1,175▲ $17
Intangible Assets$888$627▼ $261
Accounts Receivable-$83-
Total Assets$149,264$125,247▼ $24,017
Liabilities
Mortgage Notes Payable Secured by Investment Property$355,978$346,078▼ $9,900
Accounts Payable and Accrued Expenses$29,964$14,759▼ $15,205
Total Liabilities$385,942$360,837▼ $25,105
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-236,678$-235,590▲ $1,088
Total Net Assets Fund Balance$-236,678$-235,590▲ $1,088
Total Liabilities and Net Assets / Fund Balance$149,264$125,247▼ $24,017

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$55,424$354,063$409,487
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
Richard MoranPresident
Michael WelchVice President
James EricksonBoard Director
Mary Ann RotondiBoard Director
Sarah PetersonSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$74,696
Program Service Revenue
$46,514
Investment Income
$21
Other Revenue
$6,635
All Other Contributions
$0
Change in Net Assets
$1,088
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,971
Salaries, Compensation, and Employee Benefits$20,807
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$51,623--$51,623
Depreciation Depletion$21,117--$21,117
Other Salaries and Wages$9,509$7,172-$16,681
Interest$14,018--$14,018
Payments to Affiliates-$8,783-$8,783
Office Expenses$1,806$1,806-$3,612
Travel$3,065--$3,065
Other Employee Benefits$1,289$973-$2,262
Payroll Taxes$1,062$802-$1,864
Insurance$1,668--$1,668
Advertising$980--$980
Other Expenses$0$432$0$432
Total Functional Expenses$106,137$20,641$0$126,778
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 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
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
Shannon Grayson
Title
Director of Housing
Phone
7153947741
Signed
2021-11-16

Organization Details

Principal Officer
Alan Rock
Formed
2003
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 1C

No gaming (gambling) activities.

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/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt064606
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt068722
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt068188
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt058747
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0334959
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt021
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt021
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt019
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0103
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0238222
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt053149
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt045892
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt049627
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt046994
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt040456
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0236118
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58643
IRS990ScheduleA/PublicSupportPY170Pct00.57746
IRS990ScheduleA/PublicSupportTotal170Amt0334959
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt074696
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt064606
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt068722
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt068188
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt058747
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0334959
IRS990ScheduleA/TotalSupportAmt0571180
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt055424
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0354063
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0409487
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/TotalBookValueLandBuildingsAmt065424
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No gaming (gambling) activities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All 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/ExplanationTxt2The management function has been contracted with Catholic Charities Bureau, Inc., a related party.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors of Catholic Charities Bureau, Inc. appoints the Board Directors of Winterhaven Apartments, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Winterhaven Apartments, Inc. corporate entity cannot be dissolved without the approval of Catholic Charities Bureau, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 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/ExplanationTxt6All 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/ExplanationTxt7All salaries are subject to approval by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8All requests for information are processed based on the merits of each circumstance.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 1c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part V, Line 2b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0149264

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