Civic Intelligence

Clear Spring Road Residencies Inc

990 • Fiscal year 2015 • EIN 20-4590755

Jan 01, 2015 to Dec 31, 2015 • Filed on May 05, 2016

1600 Broadway Street NEMinneapolis, MN 55413

(612) 362-4400

Siviq Scores

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

Liabilities / Assets

94th percentile

1.20x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

13.87x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

5th percentile

-61%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

29th percentile

-3.3%

Faster asset growth than 29% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2015

Revenue Growth

39th percentile

-0.4%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2015

Assets

Down

$1,482,592

Down $103,987 (-6.6%) from 2013

Net Assets

Down

-$289,631

Down $140,600 (-94%) from 2013

Liabilities

Up

$1,772,223

Up $36,613 (+2.1%) from 2013

Revenue

Down

$127,774

Down $1,146 (-0.9%) from 2013

Expenses

Up

$205,191

Up $1,304 (+0.6%) from 2013

Net Income

Down

-$77,417

Down $2,450 (-3.3%) from 2013

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2011: $1,686,445Liabilities 2011: $1,709,675Net Assets 2011: -$23,2302011Assets 2012: $1,640,390Liabilities 2012: $1,714,454Net Assets 2012: -$74,0642012Assets 2013: $1,586,579Liabilities 2013: $1,735,610Net Assets 2013: -$149,0312013Assets 2015: $1,482,592Liabilities 2015: $1,772,223Net Assets 2015: -$289,6312015Assets 2016: $1,442,705Liabilities 2016: $1,829,787Net Assets 2016: -$387,0822016Assets 2017: $1,390,977Liabilities 2017: $1,384,813Net Assets 2017: $6,1642017Assets 2018: $1,348,347Liabilities 2018: $1,384,718Net Assets 2018: -$36,3712018Assets 2019: $1,287,138Liabilities 2019: $1,386,612Net Assets 2019: -$99,4742019Assets 2020: $1,360,049Liabilities 2020: $1,558,728Net Assets 2020: -$198,6792020Assets 2021: $1,088,525Liabilities 2021: $1,211,375Net Assets 2021: -$122,8502021Assets 2022: $988,756Liabilities 2022: $1,210,754Net Assets 2022: -$221,9982022Assets 2023: $981,188Liabilities 2023: $1,197,996Net Assets 2023: -$216,8082023Assets 2024: $971,662Liabilities 2024: $1,197,267Net Assets 2024: -$225,6052024

Highlighted filing

2015

Assets$1,482,592
Liabilities$1,772,223
Net Assets-$289,631

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $141,739Expenses 2011: $193,230Net Income 2011: -$51,4912011Revenue 2012: $139,210Expenses 2012: $190,044Net Income 2012: -$50,8342012Revenue 2013: $128,920Expenses 2013: $203,887Net Income 2013: -$74,9672013Revenue 2015: $127,774Expenses 2015: $205,191Net Income 2015: -$77,4172015Revenue 2016: $99,057Expenses 2016: $196,508Net Income 2016: -$97,4512016Revenue 2017: $132,614Expenses 2017: $167,961Net Income 2017: -$35,3472017Revenue 2018: $123,834Expenses 2018: $166,369Net Income 2018: -$42,5352018Revenue 2019: $106,674Expenses 2019: $169,777Net Income 2019: -$63,1032019Revenue 2020: $109,728Expenses 2020: $208,933Net Income 2020: -$99,2052020Revenue 2021: $264,850Expenses 2021: $189,021Net Income 2021: $75,8292021Revenue 2022: $59,601Expenses 2022: $158,749Net Income 2022: -$99,1482022Revenue 2023: $84,172Expenses 2023: $78,982Net Income 2023: $5,1902023Revenue 2024: $36,901Expenses 2024: $45,698Net Income 2024: -$8,7972024

Highlighted filing

2015

Revenue$127,774
Expenses$205,191
Net Income-$77,417
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 5, 2016
Return Version
2015v2.1
Gross Receipts
$127,774
Mission and Program Overview

Mission

To provide housing for people with disabilities and mental health issues.

Provide housing facilities for handicapped and previously homeless persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,415,984$1,354,109▼ $61,875
Savings and Temporary Cash Investments$63,069$71,482▲ $8,413
Cash and Non-Interest-Bearing Accounts$55,406$56,669▲ $1,263
Accounts Receivable$1,092$332▼ $760
Total Assets$1,535,551$1,482,592▼ $52,959
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,684,290$1,678,836▼ $5,454
Accounts Payable and Accrued Expenses$60,100$91,315▲ $31,215
Other Liabilities$3,375$2,072▼ $1,303
Total Liabilities$1,747,765$1,772,223▲ $24,458
Net Assets / Fund Balance
Unrestricted Net Assets$-212,214$-289,631▼ $77,417
Total Net Assets Fund Balance$-212,214$-289,631▼ $77,417
Total Liabilities and Net Assets / Fund Balance$1,535,551$1,482,592▼ $52,959

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,327,109$525,647$1,852,756
Equipment$0$51,407$51,407
Land$27,000-$27,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Doug WiseChair
Gwen CarlsonVice Chair
Gail HarbeckDirector
Jesse MasonDirector
John KlinckDirector
John OttmanDirector
Lisa BaronDirector
Michael MasonDirector
Olivia JeffersonDirector
Sonja BigalkDirector
Gay GonnermanSecretary
Kyle HoltzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$127,761
Investment Income
$13
Other Revenue
$0
Change in Net Assets
$-77,417

Audited Revenue Reconciliation

Revenue per Audited Statements
$127,774
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$127,774
Total Revenue per Form 990
$127,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$205,191
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 Management$46,800$21,453-$68,253
Depreciation Depletion$61,876--$61,876
Interest$17,244--$17,244
Insurance$9,650--$9,650
Fees for Services Accounting-$6,250-$6,250
Other Expenses$4,021--$4,021
All Other Expenses$2,415--$2,415
Office Expenses$1,112--$1,112
Total Functional Expenses$177,488$27,703$0$205,191

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$205,191
Total Expenses per Audited Statements$205,191
Total Expenses per Form 990$205,191
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Damage Deposits$2,072
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
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 11

Finance director first reviews the 990 received from accountant. Then it is reviewed by the executive director who presents it to the board for review and approval prior to mailing.

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

Discussed at least annually at a board meeting to keep members aware.

Form 990, Part VI, Section C, Line 19

Available at the office upon request.

Filing and Contact Details

Filer

Filer Name
Clear Spring Road Residencies Inc
EIN
20-4590755
Phone
6123624400
Address
1600 BROADWAY STREET NE, MINNEAPOLIS, MN 55413

Signing Officer

Name
Rita Wiersma
Title
Chief Executive Officer
Phone
6123624400
Signed
2016-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rita Wiersma
Formed
2006
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Carlson Advisors Llp
Address
7101 NORTHLAND CIRCLE SUITE 123, MINNEAPOLIS, MN 55428
Preparer
Darren Kray
Phone
7635358150
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Other occupancy: program service expenses 1,974. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,974. Licenses and permits: program service expenses 441. Management and general expenses 0. Fundraising expenses 0. Total expenses 441.

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IRS990/SavingsAndTempCashInvstGrp/BOYAmt063069
IRS990/SavingsAndTempCashInvstGrp/EOYAmt071482
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME PART III, LINE 12 DESCRITPTION: LAUNDRY INCOME 2011: 602. 2012: 690. 2013: 624. 2014: 611. 2015 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PT II LN 10
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt013
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt045
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0127761
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0137710
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0128286
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0138512
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0141134
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0673403
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt013
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt045
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0611
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0624
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0690
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0602
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02527
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99620
IRS990ScheduleA/PublicSupportPY509Pct00.99510
IRS990ScheduleA/PublicSupportTotal509Amt0673403
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0127761
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0137710
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0128286
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0138512
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0141134
IRS990ScheduleA/Total509Grp/TotalAmt0673403
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0127774
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0138332
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0128920
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0139210
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0141739
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0675975
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01327109
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0525647
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01852756
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051407
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt051407
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0205191
IRS990ScheduleD/LandGrp/BookValueAmt027000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02072
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DAMAGE DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0127774
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01354109
IRS990ScheduleD/TotalExpensesPerForm990Amt0205191
IRS990ScheduleD/TotalLiabilityAmt02072
IRS990ScheduleD/TotalRevenuePerForm990Amt0127774
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0127774
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0205191
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FINANCE DIRECTOR FIRST REVIEWS THE 990 RECEIVED FROM ACCOUNTANT. THEN IT IS REVIEWED BY THE EXECUTIVE DIRECTOR WHO PRESENTS IT TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO MAILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCUSSED AT LEAST ANNUALLY AT A BOARD MEETING TO KEEP MEMBERS AWARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE AT THE OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER OCCUPANCY: PROGRAM SERVICE EXPENSES 1,974. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,974. LICENSES AND PERMITS: PROGRAM SERVICE EXPENSES 441. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 441.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COMMUNITY INVOLVEMENT PROGRAMS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0410972546
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SERVICES TO PEOPLE WITH DEVELOPMENTAL DISABILITIES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01600 BROADWAY ST NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055413
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01535551
IRS990/TotalAssetsEOYAmt01482592
IRS990/TotalAssetsGrp/BOYAmt01535551
IRS990/TotalAssetsGrp/EOYAmt01482592
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027703

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