Civic Intelligence

Luke Inc

990 • Fiscal year 2021 • EIN 20-3524338

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileWWW.THEFARMSATBAILEYSTATION.COM
3300 S Houston Levee RdCollierville, TN 38017

(901) 794-2598

Siviq Scores

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

Liabilities / Assets

95th percentile

1.07x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

100th percentile

191.35x

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

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

1st percentile

-291%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Asset Growth

20th percentile

1.5%

Faster asset growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

84th percentile

59%

Faster revenue growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$244,355,141

Up $3,546,954 (+1.5%) from 2020

Net Assets

Down

-$17,438,553

Down $3,985,327 (-30%) from 2020

Liabilities

Up

$261,793,694

Up $7,532,281 (+3.0%) from 2020

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Up

$1,368,129

Up $507,393 (+59%) from 2020

Expenses

Up

$5,353,456

Up $3,125,835 (+140%) from 2020

Net Income

Down

-$3,985,327

Down $2,618,442 (-192%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2021

Assets$244,355,141
Liabilities$261,793,694
Net Assets-$17,438,553
Open 2021 Filing

Operations Trend

Revenue Growth84th 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

2021

Revenue$1,368,129
Expenses$5,353,456
Net Income-$3,985,327
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$1,368,129
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.

Luke, inc. Is a continuing care retirement community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,388,185$89,255,751▲ $79,867,566
Cash and Non-Interest-Bearing Accounts$2,399,219$3,666,547▲ $1,267,328
Accounts Receivable$11,862$90,646▲ $78,784
Prepaid Expenses and Deferred Charges$8,243$29,717▲ $21,474
Total Assets$240,808,187$244,355,141▲ $3,546,954
Other Assets Total$229,000,678$151,312,480▼ $77,688,198
Liabilities
Other Liabilities$240,783,055$247,440,331▲ $6,657,276
Accounts Payable and Accrued Expenses$9,715,563$11,932,318▲ $2,216,755
Mortgage Notes Payable Secured by Investment Property$3,762,795$2,327,954▼ $1,434,841
Deferred Revenue-$93,091-
Total Liabilities$254,261,413$261,793,694▲ $7,532,281
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-13,453,226$-17,438,553▼ $3,985,327
Total Net Assets Fund Balance$-13,453,226$-17,438,553▼ $3,985,327
Total Liabilities and Net Assets / Fund Balance$240,808,187$244,355,141▲ $3,546,954

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$83,775,634$809,666$84,585,300
Land$4,148,373-$4,148,373
Equipment$1,331,744$154,828$1,486,572
Other Assets Org$106,558,153--
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
John FarrisDirector
Berry TerrySecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Linkous Construction Co INCGeneral Contractor--apartments1661 AARON BRENNER DR 207, Memphis, TN 38120$62,736,895
Je Allen CompanyOwner Direct PurchasePO BOX 193055, Little Rock, AR 72219$2,279,578
Electric & Communications Supply Co InOwner Direct Purchase267 CUMBERLAND STREET, Memphis, TN 38112$2,046,530
Stewart Bros HardwareOwner Direct Purchase7715 HIGHWAY 70, Bartlett, TN 38133$1,617,375
Pro Tec Professional Technologies INCAccess Control And Low Voltage CablingPO BOX 4280, Cordova, TN 38088$1,346,659
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,350,759
Investment Income
$17,663
Other Revenue
$-293
Change in Net Assets
$-3,985,327

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,368,129
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,368,129
Total Revenue per Form 990
$1,368,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,353,456
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$301,258$1,073,695-$1,374,953
Advertising$177$659,657-$659,834
Interest$501,238--$501,238
Depreciation Depletion$401,241$45,750-$446,991
Fees for Services Management-$314,025-$314,025
Fees for Services Accounting$102,921$57,940-$160,861
Office Expenses$3,947$64,689-$68,636
Travel$34$49,811-$49,845
Other Expenses$19,105$21,390-$40,495
All Other Expenses$15,471$21,424-$36,895
Total Functional Expenses$1,417,730$3,935,726$0$5,353,456

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,353,456
Total Expenses per Audited Statements$5,353,456
Total Expenses per Form 990$5,353,456
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$63,600
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bond Payable$210,742,573
Deferred Revenues From Advance Fees$14,635,699
Wait List Deposits$9,991,301
Refundable Entrance Fees$6,273,418
Accrued Interest Payable$3,357,500
Note Payable - Rca, LLC$1,500,000
Due to Related Parties$939,840
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

“All documents will be made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Luke Inc
EIN
20-3524338
Phone
9017942598
Address
3300 S HOUSTON LEVEE RD, COLLIERVILLE, TN 38017

Signing Officer

Name
Rudolf W Herzke
Title
President
Phone
9017942598
Signed
2022-11-14
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

“Contract labor: program service expenses 301,258. Management and general expenses 1,073,695. Fundraising expenses 0. Total expenses 1,374,953.”

Part XII, Line 2C

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

Raw XML AppendixShowing 400 of 542 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/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LUKE, INC. IS A CONTINUING CARE RETIREMENT COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03762795
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02327954
IRS990/NetAssetsOrFundBalancesBOYAmt0-13453226
IRS990/NetAssetsOrFundBalancesEOYAmt0-17438553
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-13453226
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-17438553
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt064689
IRS990/OfficeExpensesGrp/ProgramServicesAmt03947
IRS990/OfficeExpensesGrp/TotalAmt068636
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0229000678
IRS990/OtherAssetsTotalGrp/EOYAmt0151312480
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TAXES AND INSURANCE
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3TELEPHONE AND UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01354423
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1272922
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt221390
IRS990/OtherExpensesGrp/ProgramServicesAmt019283
IRS990/OtherExpensesGrp/ProgramServicesAmt153055
IRS990/OtherExpensesGrp/ProgramServicesAmt219105
IRS990/OtherExpensesGrp/TotalAmt01354423
IRS990/OtherExpensesGrp/TotalAmt1292205
IRS990/OtherExpensesGrp/TotalAmt253055
IRS990/OtherExpensesGrp/TotalAmt340495
IRS990/OtherLiabilitiesGrp/BOYAmt0240783055
IRS990/OtherLiabilitiesGrp/EOYAmt0247440331
IRS990/OtherRevenueMiscGrp/BusinessCd0623000
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-293
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-293
IRS990/OtherRevenueTotalAmt0-293
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08243
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029717
IRS990/PrincipalOfficerNm0RUDOLF W HERZKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/BusinessCd1623000
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1EARNED ENTRANCE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0736572
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1614187
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0736572
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1614187
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt094705
IRS990/PYOtherExpensesAmt02227621
IRS990/PYOtherRevenueAmt011248
IRS990/PYProgramServiceRevenueAmt0754783
IRS990/PYRevenuesLessExpensesAmt0-1366885
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02227621
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0860736
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-3985327
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01350759
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt017663
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt094705
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt063034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt016261
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0191663
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01350759
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0754783
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0453032
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02558574
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt011248
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt02252
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0186957
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt045388
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0245845
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt017663
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt094705
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt063034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt016261
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0191663
IRS990ScheduleA/InvestmentIncomeCYPct00.06400
IRS990ScheduleA/InvestmentIncomePYPct00.11220
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93600
IRS990ScheduleA/PublicSupportPY509Pct00.88780
IRS990ScheduleA/PublicSupportTotal509Amt02804419
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01350759
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0766031
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0455284
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0186957
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt045388
IRS990ScheduleA/Total509Grp/TotalAmt02804419
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01368422
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0860736
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0518318
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0203218
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt045388
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02996082
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt083775634
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0809666
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt084585300
IRS990ScheduleD/EquipmentGrp/BookValueAmt01331744
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0154828
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01486572
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05353456
IRS990ScheduleD/LandGrp/BookValueAmt04148373
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04148373
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014176530
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt19991301
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt220586496
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3106558153
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/OtherLiabilitiesOrgGrp/Amt01500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1939840
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt29991301
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33357500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4210742573
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt514635699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt66273418
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE - RCA, LLC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2WAIT LIST DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4BOND PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5DEFERRED REVENUES FROM ADVANCE FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6REFUNDABLE ENTRANCE FEES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01368129
IRS990ScheduleD/TotalBookValueLandBuildingsAmt089255751
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0151312480
IRS990ScheduleD/TotalExpensesPerForm990Amt05353456
IRS990ScheduleD/TotalLiabilityAmt0247440331
IRS990ScheduleD/TotalRevenuePerForm990Amt01368129
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01368129
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05353456
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0WATER PRO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER IS KURT HERZKE; SON OF PRESIDENT RUDY HERZKE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt063600
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/ExplanationTxt3ALL DOCUMENTS WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT LABOR: PROGRAM SERVICE EXPENSES 301,258. MANAGEMENT AND GENERAL EXPENSES 1,073,695. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,374,953.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FORM 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

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$244,355,141
Liabilities
$261,793,694
Net assets
-$17,438,553
Revenue
$1,368,129
Expenses
$5,353,456
Net income
-$3,985,327
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
2021Detailed filing. Detailed filing data is available for this year.$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
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