Civic Intelligence

Luke Inc

990 • Fiscal year 2020 • EIN 20-3524338

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 27, 2021

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

1.06x

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

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

295.40x

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

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

2nd percentile

-159%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

54th percentile

6.6%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

66%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$240,808,187

Up $14,925,603 (+6.6%) from 2019

Net Assets

Down

-$13,453,226

Down $1,366,885 (-11%) from 2019

Liabilities

Up

$254,261,413

Up $16,292,488 (+6.8%) from 2019

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin2nd percentile

Revenue

Up

$860,736

Up $342,418 (+66%) from 2019

Expenses

Down

$2,227,621

Down $124,872 (-5.3%) from 2019

Net Income

Up

-$1,366,885

Up $467,290 (+25%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2020

Assets$240,808,187
Liabilities$254,261,413
Net Assets-$13,453,226
Open 2020 Filing

Operations Trend

Revenue Growth94th 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

2020

Revenue$860,736
Expenses$2,227,621
Net Income-$1,366,885
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 27, 2021
Return Version
2020v4.1
Gross Receipts
$860,736
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$7,028,124$9,388,185▲ $2,360,061
Cash and Non-Interest-Bearing Accounts$1,147,311$2,399,219▲ $1,251,908
Accounts Receivable-$11,862-
Prepaid Expenses and Deferred Charges$8,051$8,243▲ $192
Total Assets$225,882,584$240,808,187▲ $14,925,603
Other Assets Total$217,699,098$229,000,678▲ $11,301,580
Liabilities
Other Liabilities$233,803,420$240,783,055▲ $6,979,635
Accounts Payable and Accrued Expenses$1,837,551$9,715,563▲ $7,878,012
Mortgage Notes Payable Secured by Investment Property$2,327,954$3,762,795▲ $1,434,841
Total Liabilities$237,968,925$254,261,413▲ $16,292,488
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-12,086,341$-13,453,226▼ $1,366,885
Total Net Assets Fund Balance$-12,086,341$-13,453,226▼ $1,366,885
Total Liabilities and Net Assets / Fund Balance$225,882,584$240,808,187▲ $14,925,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,564,275$425,115$5,989,390
Land$3,817,956-$3,817,956
Equipment$5,954$92,387$98,341
Other Assets Org$97,542--
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
John FarrisDirector
Berry TerrySecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Linkous Construction Co INCGeneral Contractor--apartments & Halthca1661 AARON BRENNER DR 207, Memphis, TN 38120$22,290,770
Retirement Companies Of America LLCProject Management6465 N QUAIL HOLLOW RD SUITE 400, Memphis, TN 38120$1,140,911
Gcd Tennessee LLCProject Management225 E JOHN CARPENTER FREEWAY SUIT, Irving, TX 75062$607,735
Landon HomesGeneral Contractor--garden Homes2019 MYRTLE BEND DRIVE, Germantown, TN 38139$500,162
Anstey Hodge Advertising Group INCMedia & Advertising120 COMMONWEALTH AVE NE, Roanoke, VA 24016$395,904
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$754,783
Investment Income
$94,705
Other Revenue
$11,248
Change in Net Assets
$-1,366,885

Audited Revenue Reconciliation

Revenue per Audited Statements
$860,736
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$860,736
Total Revenue per Form 990
$860,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,227,621
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$299,369$632,128-$931,497
Advertising-$429,812-$429,812
Insurance-$222,288-$222,288
Depreciation Depletion$89,246$51,636-$140,882
Interest-$72,834-$72,834
Fees for Services Accounting-$70,000-$70,000
Fees for Services Legal-$20,420-$20,420
Occupancy-$12,136-$12,136
Office Expenses$378$10,133-$10,511
Other Expenses$109$5,647-$5,756
Travel-$3,173-$3,173
Total Functional Expenses$391,205$1,836,416$0$2,227,621

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,227,621
Total Expenses per Audited Statements$2,227,621
Total Expenses per Form 990$2,227,621
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$110,625
Kurt HerzkeSon of President Rudy HerzkeRepairs to Vehicles, Yard Equipment, and Assorted Grounds Work.No$2,572
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bond Payable$210,668,344
Wait List Deposits$7,618,458
Note Payable - Psalms, Inc.$7,230,712
Deferred Revenues From Advance Fees$6,743,594
Accrued Interest Payable$3,343,380
Note Payable - Rca, LLC$2,300,000
Retainage Payable$1,501,686
Due to Related Parties$981,241
Refundable Entrance Fees$395,640
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
2021-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rudolf W Herzke
Formed
2005
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
4
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 49,500. Fundraising expenses 0. Total expenses 49,500. Contract labor: program service expenses 273,336. Management and general expenses 582,628. Fundraising expenses 0. Total expenses 855,964. Repairs and maintenance: program service expenses 26,033. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,033.”

Part XII, Line 2C

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

Raw XML AppendixShowing 400 of 553 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/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0517502
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07028124
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09388185
IRS990/LandBldgEquipCostOrOtherBssAmt09905687
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
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/BOYAmt02327954
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03762795
IRS990/NetAssetsOrFundBalancesBOYAmt0-12086341
IRS990/NetAssetsOrFundBalancesEOYAmt0-13453226
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-12086341
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-13453226
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt012136
IRS990/OccupancyGrp/TotalAmt012136
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010133
IRS990/OfficeExpensesGrp/ProgramServicesAmt0378
IRS990/OfficeExpensesGrp/TotalAmt010511
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0217699098
IRS990/OtherAssetsTotalGrp/EOYAmt0229000678
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0218157
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt188052
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25647
IRS990/OtherExpensesGrp/ProgramServicesAmt02103
IRS990/OtherExpensesGrp/ProgramServicesAmt1109
IRS990/OtherExpensesGrp/TotalAmt0218157
IRS990/OtherExpensesGrp/TotalAmt190155
IRS990/OtherExpensesGrp/TotalAmt25756
IRS990/OtherLiabilitiesGrp/BOYAmt0233803420
IRS990/OtherLiabilitiesGrp/EOYAmt0240783055
IRS990/OtherRevenueMiscGrp/BusinessCd0623000
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt011248
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011248
IRS990/OtherRevenueTotalAmt011248
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08051
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08243
IRS990/PrincipalOfficerNm0RUDOLF W HERZKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/BusinessCd1623000
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1EARNED ENTRANCE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0422720
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1332063
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0422720
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1332063
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt063034
IRS990/PYOtherExpensesAmt02352493
IRS990/PYOtherRevenueAmt02252
IRS990/PYProgramServiceRevenueAmt0453032
IRS990/PYRevenuesLessExpensesAmt0-1834175
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02352493
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0518318
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1366885
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0754783
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt094705
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt063034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt016261
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09960
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0183960
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0754783
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0453032
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01207815
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt011248
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt02252
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0186957
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt045388
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt01500
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0247345
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt094705
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt063034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt016261
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09960
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0183960
IRS990ScheduleA/InvestmentIncomeCYPct00.11220
IRS990ScheduleA/InvestmentIncomePYPct00.11390
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88780
IRS990ScheduleA/PublicSupportPY509Pct00.88610
IRS990ScheduleA/PublicSupportTotal509Amt01455160
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0766031
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0455284
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0186957
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt045388
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01500
IRS990ScheduleA/Total509Grp/TotalAmt01455160
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0860736
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0518318
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0203218
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt045388
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt011460
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01639120
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05564275
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0425115
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05989390
IRS990ScheduleD/EquipmentGrp/BookValueAmt05954
IRS990ScheduleD/EquipmentGrp/DepreciationAmt092387
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt098341
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02227621
IRS990ScheduleD/LandGrp/BookValueAmt03817956
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03817956
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014175875
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17618458
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2116377337
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt390731466
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt497542
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/Amt07230712
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12300000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2981241
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt37618458
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt43343380
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5210668344
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt66743594
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt71501686
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt8395640
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/OtherLiabilitiesOrgGrp/Desc7RETAINAGE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc8REFUNDABLE ENTRANCE FEES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0860736
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09388185
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0229000678
IRS990ScheduleD/TotalExpensesPerForm990Amt02227621
IRS990ScheduleD/TotalLiabilityAmt0240783055
IRS990ScheduleD/TotalRevenuePerForm990Amt0860736
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0860736
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02227621
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0WATER PRO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1KURT HERZKE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER IS KURT HERZKE; SON OF PRESIDENT RUDY HERZKE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1SON OF PRESIDENT RUDY HERZKE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0110625
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt12572
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INSTALLATION/MAINTENANCE OF IRRIGATION SYSTEM
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1REPAIRS TO VEHICLES, YARD EQUIPMENT, AND ASSORTED GROUNDS WORK.
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.

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$240,808,187
Liabilities
$254,261,413
Net assets
-$13,453,226
Revenue
$860,736
Expenses
$2,227,621
Net income
-$1,366,885
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
2020Detailed filing. Detailed filing data is available for this year.$241$254$13.5$0.86$2.23$1.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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