Civic Intelligence

Luke Inc

990 • Fiscal year 2022 • EIN 20-3524338

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

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

1.14x

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

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

30.12x

Higher debt load relative to revenue than 99% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Net Margin

1st percentile

-178%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

3rd percentile

$0

Higher top officer pay than 3% of similar nonprofits.

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

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Asset Growth

71st percentile

2.8%

Faster asset growth than 71% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

593%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$251,174,126

Up $6,818,985 (+2.8%) from 2021

Net Assets

Down

-$34,317,411

Down $16,878,858 (-97%) from 2021

Liabilities

Up

$285,491,537

Up $23,697,843 (+9.1%) from 2021

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Up

$9,477,450

Up $8,109,321 (+593%) from 2021

Expenses

Up

$26,356,308

Up $21,002,852 (+392%) from 2021

Net Income

Down

-$16,878,858

Down $12,893,531 (-324%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth71st 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

2022

Assets$251,174,126
Liabilities$285,491,537
Net Assets-$34,317,411
Open 2022 Filing

Operations Trend

Revenue Growth99th 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

2022

Revenue$9,477,450
Expenses$26,356,308
Net Income-$16,878,858
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$9,477,450
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. D/b/a the farms at bailey station is dedicated to providing residents with a quality lifestyle in a quality envirnment, supporting the concept of continued independence as a priority in the life care decision.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$89,255,751$205,112,203▲ $115,856,452
Cash and Non-Interest-Bearing Accounts$3,666,547$6,140,355▲ $2,473,808
Accounts Receivable$90,646$2,249,832▲ $2,159,186
Prepaid Expenses and Deferred Charges$29,717$43,885▲ $14,168
Total Assets$244,355,141$251,174,126▲ $6,818,985
Other Assets Total$151,312,480$37,627,851▼ $113,684,629
Liabilities
Other Liabilities$232,804,632$246,467,213▲ $13,662,581
Deferred Revenue$14,728,790$35,107,863▲ $20,379,073
Accounts Payable and Accrued Expenses$11,932,318$3,354,655▼ $8,577,663
Mortgage Notes Payable Secured by Investment Property$2,327,954$561,806▼ $1,766,148
Total Liabilities$261,793,694$285,491,537▲ $23,697,843
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-17,438,553$-34,317,411▼ $16,878,858
Total Net Assets Fund Balance$-17,438,553$-34,317,411▼ $16,878,858
Total Liabilities and Net Assets / Fund Balance$244,355,141$251,174,126▲ $6,818,985

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$197,669,575$4,764,845$202,434,420
Land$4,148,373-$4,148,373
Equipment$3,294,255$553,310$3,847,565
Other Assets Org$262,502--
Compensation and Service Providers
Top Officer Pay3rd 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
Gcd Tennessee LLCOwner Direct Purchase225 E JOHN CARPENTER FREEWAY SUITE, Irving, TX 75062$1,174,301
Thrifty Building SupplyOwner Direct PurchasePO BOX 1883, Collierville, TN 38027-2920$669,214
Landon HomesGeneral Contractor2019 MYRTLE BEND DRIVE, Germantown, TN 38139$620,316
Gmsc Of Tennessee LLCOwner Direct Purchase225 E JOHN CARPENTER FREEWAY SUITE, Irving, TX 75062$606,873
Magnolia Landscaping ServicesLandscapingPO BOX 140222, Memphis, TN 38114$464,656
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,942,657
Investment Income
$534,793
Other Revenue
$0
Change in Net Assets
$-16,878,858

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,477,450
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,477,450
Total Revenue per Form 990
$9,477,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,763,447
Salaries, Compensation, and Employee Benefits$3,592,861
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$9,899,047$1,627-$9,900,674
Depreciation Depletion$4,391,806$32,393-$4,424,199
Other Salaries and Wages$3,183,206$409,655-$3,592,861
Fees for Services Other$1,702,655$787,970-$2,490,625
Advertising-$808,902-$808,902
All Other Expenses$778,598$25,146-$803,744
Other Expenses$109,592$357,702-$467,294
Fees for Services Accounting$34,837$339,533-$374,370
Fees for Services Management-$367,348-$367,348
Travel$8,381$68,307-$76,688
Office Expenses$11,971$44,828-$56,799
Total Functional Expenses$21,405,009$4,951,299$0$26,356,308

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,356,308
Total Expenses per Audited Statements$26,356,308
Total Expenses per Form 990$26,356,308
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$198,985
-Sr. Vice-president of Rca, Llc. Mgmt Co.BonusNo$22,332
Kurt HerzkeOWNER IS KURT HERZKE; SON OF PRESIDENT RUDY HERZKELABOR & REPAIRS CARS & YD EQUIP;ASSORTED GROUND WORKS, ETCNo$2,563
Charlie S Trammell JrPres. & Owner of Rca, LLC Mgmt Co.ConsultingNo$1,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bond Payable$210,821,015
Refundable Entrance Fees$26,645,805
Wait List Deposits$3,546,591
Accrued Interest Payable$3,270,454
Note Payable - Rca, LLC$1,500,000
Due to Related Parties$474,876
Finance Lease Liability$208,472
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 officers or key 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
2023-11-14
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
299
Volunteers
16

Preparer

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

Additional Explanations

Part XII, Line 2C

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

Raw XML AppendixShowing 400 of 562 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/InvestmentIncomeGrp/ExclusionAmt0534793
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0534793
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0211
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05318155
IRS990/LandBldgEquipBasisNetGrp/BOYAmt089255751
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0205112203
IRS990/LandBldgEquipCostOrOtherBssAmt0210430358
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LUKE, INC. D/B/A THE FARMS AT BAILEY STATION IS DEDICATED TO PROVIDING RESIDENTS WITH A QUALITY LIFESTYLE IN A QUALITY ENVIRNMENT, SUPPORTING THE CONCEPT OF CONTINUED INDEPENDENCE AS A PRIORITY IN THE LIFE CARE DECISION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02327954
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0561806
IRS990/NetAssetsOrFundBalancesBOYAmt0-17438553
IRS990/NetAssetsOrFundBalancesEOYAmt0-34317411
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-17438553
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-34317411
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt044828
IRS990/OfficeExpensesGrp/ProgramServicesAmt011971
IRS990/OfficeExpensesGrp/TotalAmt056799
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0151312480
IRS990/OtherAssetsTotalGrp/EOYAmt037627851
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TAXES AND INSURANCE
IRS990/OtherExpensesGrp/Desc1TELEPHONE AND UTILITIES
IRS990/OtherExpensesGrp/Desc2CULINARY SUPPLIES
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01601288
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1106600
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2357702
IRS990/OtherExpensesGrp/ProgramServicesAmt064338
IRS990/OtherExpensesGrp/ProgramServicesAmt1571523
IRS990/OtherExpensesGrp/ProgramServicesAmt2649055
IRS990/OtherExpensesGrp/ProgramServicesAmt3109592
IRS990/OtherExpensesGrp/TotalAmt01665626
IRS990/OtherExpensesGrp/TotalAmt1678123
IRS990/OtherExpensesGrp/TotalAmt2649055
IRS990/OtherExpensesGrp/TotalAmt3467294
IRS990/OtherLiabilitiesGrp/BOYAmt0232804632
IRS990/OtherLiabilitiesGrp/EOYAmt0246467213
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0409655
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03183206
IRS990/OtherSalariesAndWagesGrp/TotalAmt03592861
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029717
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043885
IRS990/PrincipalOfficerNm0RUDOLF W HERZKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/BusinessCd1623000
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1EARNED ENTRANCE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06528368
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12414289
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06528368
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12414289
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt017663
IRS990/PYOtherExpensesAmt05353456
IRS990/PYOtherRevenueAmt0-293
IRS990/PYProgramServiceRevenueAmt01350759
IRS990/PYRevenuesLessExpensesAmt0-3985327
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05353456
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01368129
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-16878858
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08942657
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0534793
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt017663
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt094705
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt063034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt016261
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0726456
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt08942657
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01350759
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0754783
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0453032
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011501231
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt011248
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt02252
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0186957
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0200457
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0534793
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt017663
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt094705
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt063034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt016261
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0726456
IRS990ScheduleA/InvestmentIncomeCYPct00.05850
IRS990ScheduleA/InvestmentIncomePYPct00.06400
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94150
IRS990ScheduleA/PublicSupportPY509Pct00.93600
IRS990ScheduleA/PublicSupportTotal509Amt011701688
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt08942657
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01350759
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0766031
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0455284
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0186957
IRS990ScheduleA/Total509Grp/TotalAmt011701688
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt09477450
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01368422
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0860736
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0518318
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0203218
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012428144
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0197669575
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04764845
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0202434420
IRS990ScheduleD/EquipmentGrp/BookValueAmt03294255
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0553310
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03847565
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt026356308
IRS990ScheduleD/LandGrp/BookValueAmt04148373
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04148373
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014119222
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13546591
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt211085302
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt36816130
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt41798104
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5262502
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/Desc4DUE FROM RELATED PARTY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1474876
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23546591
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33270454
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4210821015
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt526645805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt6208472
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/Desc5REFUNDABLE ENTRANCE FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6FINANCE LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09477450
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0205112203
IRS990ScheduleD/TotalBookValueOtherAssetsAmt037627851
IRS990ScheduleD/TotalExpensesPerForm990Amt026356308
IRS990ScheduleD/TotalLiabilityAmt0246467213
IRS990ScheduleD/TotalRevenuePerForm990Amt09477450
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09477450
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt026356308
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0MICHELLE T VINCENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0WATER PRO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1KURT HERZKE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2CHARLIE S TRAMMELL JR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER IS KURT HERZKE; SON OF PRESIDENT RUDY HERZKE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OWNER IS KURT HERZKE; SON OF PRESIDENT RUDY HERZKE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2PRES. & OWNER OF RCA, LLC MGMT CO.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3SR. VICE-PRESIDENT OF RCA, LLC. MGMT CO.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0198985
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt12563
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt21000

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Filings

Displayed year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$251,174,126
Liabilities
$285,491,537
Net assets
-$34,317,411
Revenue
$9,477,450
Expenses
$26,356,308
Net income
-$16,878,858
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
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