Civic Intelligence

Luke Inc

990 • Fiscal year 2019 • EIN 20-3524338

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

Organization ProfileWWW.THEFARMSATBAILEYSTATION.COM
2171 Judicial Dr No 215Germantown, TN 38138

(901) 369-7322

Siviq Scores

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

Liabilities / Assets

94th percentile

1.05x

Higher debt load relative to assets than 94% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

100th percentile

459.12x

Higher debt load relative to revenue than 100% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

1st percentile

-354%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

100th percentile

996%

Faster asset growth than 100% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

98th percentile

155%

Faster revenue growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$225,882,584

Up $205,272,971 (+996%) from 2018

Net Assets

Down

-$12,086,341

Down $4,530,689 (-60%) from 2018

Liabilities

Up

$237,968,925

Up $209,803,660 (+745%) from 2018

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Up

$518,318

Up $315,100 (+155%) from 2018

Expenses

Up

$2,352,493

Up $236,771 (+11%) from 2018

Net Income

Up

-$1,834,175

Up $78,329 (+4.1%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$400M$300M$200M$100M$0-$100MAssets 2010: $5,632,820Liabilities 2010: $5,017,951Net Assets 2010: $614,8692010Assets 2011: $5,946,189Liabilities 2011: $5,419,927Net Assets 2011: $526,2622011Assets 2012: $6,651,619Liabilities 2012: $6,149,112Net Assets 2012: $502,5072012Assets 2013: $8,377,417Liabilities 2013: $8,452,722Net Assets 2013: -$75,3052013Assets 2014: $8,527,262Liabilities 2014: $9,311,187Net Assets 2014: -$783,9252014Assets 2015: $12,789,013Liabilities 2015: $14,850,472Net Assets 2015: -$2,061,4592015Assets 2016: $14,932,053Liabilities 2016: $18,826,019Net Assets 2016: -$3,893,9662016Assets 2017: $18,029,112Liabilities 2017: $23,672,260Net Assets 2017: -$5,643,1482017Assets 2018: $20,609,613Liabilities 2018: $28,165,265Net Assets 2018: -$7,555,6522018Assets 2019: $225,882,584Liabilities 2019: $237,968,925Net Assets 2019: -$12,086,3412019Assets 2020: $240,808,187Liabilities 2020: $254,261,413Net Assets 2020: -$13,453,2262020Assets 2021: $244,355,141Liabilities 2021: $261,793,694Net Assets 2021: -$17,438,5532021Assets 2022: $251,174,126Liabilities 2022: $285,491,537Net Assets 2022: -$34,317,4112022Assets 2023: $248,072,818Liabilities 2023: $298,456,559Net Assets 2023: -$50,383,7412023Assets 2024: $244,258,314Liabilities 2024: $308,907,182Net Assets 2024: -$64,648,8682024

Highlighted filing

2019

Assets$225,882,584
Liabilities$237,968,925
Net Assets-$12,086,341
Open 2019 Filing

Operations Trend

Revenue Growth98th percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $188,8952010Revenue 2011: $0Expenses 2011: $88,607Net Income 2011: -$88,6072011Expenses 2012: $25,1942012Revenue 2013: $4,849Expenses 2013: $582,661Net Income 2013: -$577,8122013Revenue 2014: $7,924Expenses 2014: $716,544Net Income 2014: -$708,6202014Revenue 2015: $5,250Expenses 2015: $1,282,784Net Income 2015: -$1,277,5342015Revenue 2016: $11,460Expenses 2016: $1,843,967Net Income 2016: -$1,832,5072016Revenue 2017: $45,388Expenses 2017: $1,794,570Net Income 2017: -$1,749,1822017Revenue 2018: $203,218Expenses 2018: $2,115,722Net Income 2018: -$1,912,5042018Revenue 2019: $518,318Expenses 2019: $2,352,493Net Income 2019: -$1,834,1752019Revenue 2020: $860,736Expenses 2020: $2,227,621Net Income 2020: -$1,366,8852020Revenue 2021: $1,368,129Expenses 2021: $5,353,456Net Income 2021: -$3,985,3272021Revenue 2022: $9,477,450Expenses 2022: $26,356,308Net Income 2022: -$16,878,8582022Revenue 2023: $23,115,141Expenses 2023: $39,181,471Net Income 2023: -$16,066,3302023Revenue 2024: $27,676,096Expenses 2024: $41,941,223Net Income 2024: -$14,265,1272024

Highlighted filing

2019

Revenue$518,318
Expenses$2,352,493
Net Income-$1,834,175
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$518,318
Mission and Program Overview

Mission

Once it becomes operational, luke, inc. Will be a continuing care retirement community serving residents 55 years of age or older. Luke, inc. Is still in the development stage.

Once it becomes operational, luke, inc. Will be a continuing care retirement community serving residents 55 years of age or older.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,720,859$7,028,124▲ $2,307,265
Cash and Non-Interest-Bearing Accounts$784,022$1,147,311▲ $363,289
Savings and Temporary Cash Investments$459,659$0▼ $459,659
Prepaid Expenses and Deferred Charges$6,297$8,051▲ $1,754
Total Assets$20,609,613$225,882,584▲ $205,272,971
Other Assets Total$14,638,776$217,699,098▲ $203,060,322
Liabilities
Other Liabilities$16,821,845$233,803,420▲ $216,981,575
Mortgage Notes Payable Secured by Investment Property$10,435,519$2,327,954▼ $8,107,565
Accounts Payable and Accrued Expenses$907,901$1,837,551▲ $929,650
Total Liabilities$28,165,265$237,968,925▲ $209,803,660
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-7,555,652$-12,086,341▼ $4,530,689
Total Net Assets Fund Balance$-7,555,652$-12,086,341▼ $4,530,689
Total Liabilities and Net Assets / Fund Balance$20,609,613$225,882,584▲ $205,272,971

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,817,956-$3,817,956
Buildings$3,195,422$293,025$3,488,447
Equipment$14,746$83,595$98,341
Other Assets Org$117,793--
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Dr James LatimerChairman/director
Rudolf W HerzkePresident
Bill McgaugheyVice President
Cindy CoxDirector
Cindy ReevesDirector
Dr Jon SimpsonDirector
Berry TerrySecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Renaissance Group INCBuilding Architect9700 VILLAGE CIRCLE SUITE 100, Lakeland, TN 38002$320,251
Anstey Hodge Advertising Group INCAdvertising120 COMMONWEALTH AVE NE, Roanoke, VA 24016$289,615
3-d TechnologyProgram Mgmt & Technology Design700 COOL SPRINGS BLVD 5TH FLOOR S, Franklin, TN 37067$189,583
Dalhoff Thomas Design StudioLandscape Architect & Land Planning6465 N QUAIL HOLLOW ROAD SUITE 40, Memphis, TN 38120$175,100
Rees Associates INCBuilding Architect9211 LAKE HEFNER PARKWAY SUITE 300, Oklahoma City, OK 73120$161,725
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$453,032
Investment Income
$63,034
Other Revenue
$2,252
Change in Net Assets
$-1,834,175

Audited Revenue Reconciliation

Revenue per Audited Statements
$518,318
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$518,318
Total Revenue per Form 990
$518,318
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,352,493
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 Other$218,794$465,090-$683,884
Interest-$682,330-$682,330
Advertising-$289,885-$289,885
Insurance-$187,151-$187,151
Depreciation Depletion$56,088$64,112-$120,200
Occupancy-$40,209-$40,209
Fees for Services Legal-$29,927-$29,927
Other Expenses$562$10,166-$10,728
Travel-$9,400-$9,400
Office Expenses-$6,124-$6,124
Fees for Services Accounting-$1,373-$1,373
Total Functional Expenses$275,866$2,076,627$0$2,352,493

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,352,493
Total Expenses per Audited Statements$2,352,493
Total Expenses per Form 990$2,352,493
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Water ProOWNER IS KURT HERZKE; SON OF PRESIDENT RUDY HERZKEInstallation/maintenance of Irrigation SystemNo$27,205
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bond Payable$210,601,750
Wait List Deposits$8,284,633
Note Payable - Psalms, Inc.$7,020,137
Deferred Revenues From Advance Fees$3,483,797
Note Payable - Rca, LLC$2,306,616
Accrued Interest Payable$1,310,037
Due to Related Parties$796,450
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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

“Management is involved throughout the preparation of the form 990. Management then reviews the form 990 and provides a copy to the board of directors for approval.”

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

“The conflict of interest disclosure statements are reviewed by outside counsel.”

Form 990, Part VI, Section B, Line 15

“The organization has no compensated employees.”

Form 990, Part VI, Section C, Line 19

“When the organization becomes operational, all documents will be made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Luke Inc
EIN
20-3524338
Phone
9013697322
Address
2171 JUDICIAL DR NO 215, GERMANTOWN, TN 38138

Signing Officer

Name
Rudolf W Herzke
Title
President
Phone
9013697322
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rudolf W Herzke
Formed
2005
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Watkins Uiberall Pllc
Address
1661 AARON BRENNER DR STE 300, MEMPHIS, TN 38120
Preparer
Michael Kennedy
Phone
9017612720
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 0. Management and general expenses 8,488. Fundraising expenses 0. Total expenses 8,488. Contract labor: program service expenses 169,352. Management and general expenses 456,602. Fundraising expenses 0. Total expenses 625,954. Repairs and maintenance: program service expenses 49,442. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,442.”

Part XII, Line 2C

“The process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 537 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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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ONCE IT BECOMES OPERATIONAL, LUKE, INC. WILL BE A CONTINUING CARE RETIREMENT COMMUNITY SERVING RESIDENTS 55 YEARS OF AGE OR OLDER. LUKE, INC. IS STILL IN THE DEVELOPMENT STAGE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010435519
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02327954
IRS990/NetAssetsOrFundBalancesBOYAmt0-7555652
IRS990/NetAssetsOrFundBalancesEOYAmt0-12086341
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-7555652
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-12086341
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt040209
IRS990/OccupancyGrp/TotalAmt040209
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06124
IRS990/OfficeExpensesGrp/TotalAmt06124
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014638776
IRS990/OtherAssetsTotalGrp/EOYAmt0217699098
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0248206
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt142654
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt210166
IRS990/OtherExpensesGrp/ProgramServicesAmt0422
IRS990/OtherExpensesGrp/ProgramServicesAmt1562
IRS990/OtherExpensesGrp/TotalAmt0248206
IRS990/OtherExpensesGrp/TotalAmt143076
IRS990/OtherExpensesGrp/TotalAmt210728
IRS990/OtherLiabilitiesGrp/BOYAmt016821845
IRS990/OtherLiabilitiesGrp/EOYAmt0233803420
IRS990/OtherRevenueMiscGrp/BusinessCd0623000
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt02252
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02252
IRS990/OtherRevenueTotalAmt02252
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06297
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08051
IRS990/PrincipalOfficerNm0RUDOLF W HERZKE
IRS990/PriorPeriodAdjustmentsAmt0-2696514
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/BusinessCd1623000
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1EARNED ENTRANCE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0261508
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1191524
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0261508
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1191524
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016261
IRS990/PYOtherExpensesAmt01603223
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0186957
IRS990/PYRevenuesLessExpensesAmt0-1912504
IRS990/PYSalariesCompEmpBnftPaidAmt0512499
IRS990/PYTotalExpensesAmt02115722
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0203218
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1834175
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0453032
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0459659
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt063034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt016261
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09960
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt089255
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0453032
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0453032
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt02252
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0186957
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt045388
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt01500
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt05250
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0241347
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt063034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt016261
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09960
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt089255
IRS990ScheduleA/InvestmentIncomeCYPct00.11390
IRS990ScheduleA/InvestmentIncomePYPct00.11230
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88610
IRS990ScheduleA/PublicSupportPY509Pct00.88770
IRS990ScheduleA/PublicSupportTotal509Amt0694379
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0455284
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0186957
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt045388
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05250
IRS990ScheduleA/Total509Grp/TotalAmt0694379
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0518318
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0203218
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt045388
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt011460
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05250
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0783634
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03195422
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0293025
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03488447
IRS990ScheduleD/EquipmentGrp/BookValueAmt014746
IRS990ScheduleD/EquipmentGrp/DepreciationAmt083595
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt098341
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02352493
IRS990ScheduleD/LandGrp/BookValueAmt03817956
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03817956
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014196870
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt18284633
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2171668150
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt323431652
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4117793
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BOND DEBT SERVICE RESERVE FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED CASH FOR WAIT LIST DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESTRICTED CASH UNDER INDENTURE AGREEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CAPITALIZED DEVELOPMENT COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4LIFE INSURANCE CASH SURRENDER VALUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07020137
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12306616
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2796450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt38284633
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt41310037
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5210601750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt63483797
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE - PSALMS, INC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE - RCA, LLC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3WAIT LIST DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5BOND PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6DEFERRED REVENUES FROM ADVANCE FEES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0518318
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07028124
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0217699098
IRS990ScheduleD/TotalExpensesPerForm990Amt02352493
IRS990ScheduleD/TotalLiabilityAmt0233803420
IRS990ScheduleD/TotalRevenuePerForm990Amt0518318
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0518318
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02352493
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0WATER PRO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER IS KURT HERZKE; SON OF PRESIDENT RUDY HERZKE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt027205
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INSTALLATION/MAINTENANCE OF IRRIGATION SYSTEM
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT IS INVOLVED THROUGHOUT THE PREPARATION OF THE FORM 990. MANAGEMENT THEN REVIEWS THE FORM 990 AND PROVIDES A COPY TO THE BOARD OF DIRECTORS FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE REVIEWED BY OUTSIDE COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS NO COMPENSATED EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WHEN THE ORGANIZATION BECOMES OPERATIONAL, ALL DOCUMENTS WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,488. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,488. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 169,352. MANAGEMENT AND GENERAL EXPENSES 456,602. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 625,954. REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 49,442. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,442.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0582519982
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$225,882,584
Liabilities
$237,968,925
Net assets
-$12,086,341
Revenue
$518,318
Expenses
$2,352,493
Net income
-$1,834,175
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$244$309$64.6$27.7$41.9$14.3
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$248$298$50.4$23.1$39.2$16.1
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$251$285$34.3$9.48$26.4$16.9
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$244$262$17.4$1.37$5.35$3.99
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$241$254$13.5$0.86$2.23$1.37
2019Detailed filing. Detailed filing data is available for this year.$226$238$12.1$0.52$2.35$1.83
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.6$28.2$7.56$0.20$2.12$1.91
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$23.7$5.64$0.05$1.79$1.75
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$18.8$3.89$0.01$1.84$1.83
2015Detailed filing. Detailed filing data is available for this year.$12.8$14.9$2.06$0.01$1.28$1.28
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.53$9.31$0.78$0.01$0.72$0.71
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.38$8.45$0.08$0.00$0.58$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.65$6.15$0.50$0.03
2011Summary only. Only limited summary data is available for this year.$5.95$5.42$0.53$0.00$0.09$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.63$5.02$0.61$0.19