Civic Intelligence

Mwa III Inc.

990 • Fiscal year 2020 • EIN 20-4721365

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 13, 2020

Organization ProfileN/A
C/O Keyway ManagementWest Des Moines, IA 50266

(515) 225-4782

Siviq Scores

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

Liabilities / Assets

91st percentile

0.81x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

14.18x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

7th percentile

-56%

Higher net margin than 7% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

24th percentile

-3.0%

Faster asset growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

59th percentile

4.8%

Faster revenue growth than 59% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$711,811

Down $22,195 (-3.0%) from 2019

Net Assets

Down

$136,582

Down $22,833 (-14%) from 2019

Liabilities

Up

$575,229

Up $638 (+0.1%) from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin7th percentile

Revenue

Up

$40,567

Up $1,841 (+4.8%) from 2019

Expenses

Up

$63,400

Up $3,485 (+5.8%) from 2019

Net Income

Down

-$22,833

Down $1,644 (-7.8%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$1.0M$500K$0Assets 2011: $862,320Liabilities 2011: $562,828Net Assets 2011: $299,4922011Assets 2012: $850,692Liabilities 2012: $566,122Net Assets 2012: $284,5702012Assets 2013: $832,082Liabilities 2013: $564,189Net Assets 2013: $267,8932013Assets 2014: $817,895Liabilities 2014: $566,588Net Assets 2014: $251,3072014Assets 2015: $802,363Liabilities 2015: $569,125Net Assets 2015: $233,2382015Assets 2016: $785,393Liabilities 2016: $573,067Net Assets 2016: $212,3262016Assets 2017: $763,829Liabilities 2017: $570,827Net Assets 2017: $193,0022017Assets 2018: $750,784Liabilities 2018: $570,180Net Assets 2018: $180,6042018Assets 2019: $734,006Liabilities 2019: $574,591Net Assets 2019: $159,4152019Assets 2020: $711,811Liabilities 2020: $575,229Net Assets 2020: $136,5822020Assets 2021: $691,158Liabilities 2021: $582,425Net Assets 2021: $108,7332021Assets 2022: $683,230Liabilities 2022: $587,288Net Assets 2022: $95,9422022Assets 2023: $665,569Liabilities 2023: $585,288Net Assets 2023: $80,2812023Assets 2024: $640,316Liabilities 2024: $578,588Net Assets 2024: $61,7282024Assets 2025: $630,805Liabilities 2025: $572,749Net Assets 2025: $58,0562025

Highlighted filing

2020

Assets$711,811
Liabilities$575,229
Net Assets$136,582
Open 2020 Filing

Operations Trend

Revenue Growth59th percentile

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

$150K$100K$50K$0-$50KExpenses 2011: $53,3262011Expenses 2012: $51,1232012Expenses 2013: $54,5422013Revenue 2014: $36,856Expenses 2014: $53,442Net Income 2014: -$16,5862014Revenue 2015: $37,636Expenses 2015: $55,705Net Income 2015: -$18,0692015Revenue 2016: $37,835Expenses 2016: $58,751Net Income 2016: -$20,9162016Revenue 2017: $37,830Expenses 2017: $57,154Net Income 2017: -$19,3242017Revenue 2018: $95,300Expenses 2018: $107,698Net Income 2018: -$12,3982018Revenue 2019: $38,726Expenses 2019: $59,915Net Income 2019: -$21,1892019Revenue 2020: $40,567Expenses 2020: $63,400Net Income 2020: -$22,8332020Revenue 2021: $39,982Expenses 2021: $67,831Net Income 2021: -$27,8492021Revenue 2022: $48,801Expenses 2022: $61,592Net Income 2022: -$12,7912022Revenue 2023: $49,338Expenses 2023: $64,999Net Income 2023: -$15,6612023Revenue 2024: $52,755Expenses 2024: $71,308Net Income 2024: -$18,5532024Revenue 2025: $59,756Expenses 2025: $63,428Net Income 2025: -$3,6722025

Highlighted filing

2020

Revenue$40,567
Expenses$63,400
Net Income-$22,833
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 13, 2020
Return Version
2019v5.0
Gross Receipts
$40,567
Mission and Program Overview

Mission

Provide adequate low-cost housing to disabled/elderly citizens of muscatine, iowa by purchasing, remodeling, and renting housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$703,331$690,924▼ $12,407
Savings and Temporary Cash Investments$27,670$17,441▼ $10,229
Prepaid Expenses and Deferred Charges$2,018$2,123▲ $105
Cash and Non-Interest-Bearing Accounts$747$1,228▲ $481
Accounts Receivable$240$95▼ $145
Total Assets$734,006$711,811▼ $22,195
Liabilities
Mortgage Notes Payable Secured by Investment Property$549,200$549,200→ $0
Accounts Payable and Accrued Expenses$24,008$24,748▲ $740
Other Liabilities$1,281$1,281→ $0
Deferred Revenue$102--
Total Liabilities$574,591$575,229▲ $638
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$159,415$136,582▼ $22,833
Total Net Assets Fund Balance$159,415$136,582▼ $22,833
Total Liabilities and Net Assets / Fund Balance$734,006$711,811▼ $22,195

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$625,626$199,375$825,001
Land$50,842-$50,842
Equipment$10,788$25,314$36,102
Other Land Buildings$3,668$7,429$11,097
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
John EichelbergerPresident
Beth Beadle LegueDirector
Bret OlsonDirector
Julie FryeDirector
Tammy SteinDirector
Tammy AlesTreasurer
Jill GoldesberryVP & Secreta
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$40,530
Investment Income
$37
Other Revenue
$0
Change in Net Assets
$-22,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$61,322
Salaries, Compensation, and Employee Benefits$2,078
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$22,491--$22,491
Depreciation Depletion$20,489--$20,489
Insurance$5,371--$5,371
Fees for Services Accounting-$4,459-$4,459
Fees for Services Management-$4,382-$4,382
Office Expenses-$3,474-$3,474
Other Salaries and Wages-$1,908-$1,908
Other Expenses-$653-$653
Payroll Taxes$170--$170
Advertising-$3-$3
Total Functional Expenses$48,521$14,879$0$63,400
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
Security Deposits Payable$1,281
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The organization has a hud approved management agreement with keyway management company. Management fees are 10.8 percent of rent income collected.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 will be reviewed and discussed at the executive and finance committee meetings prior to the board meeting in which it will be presented in its entirety and formally approved.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Mwa Iii Inc
EIN
20-4721365
Phone
5152254782
Address
C/O KEYWAY MANAGEMENT, WEST DES MOINES, IA 50266

Signing Officer

Name
John Eichelberger
Title
President
Phone
5152254782
Signed
2020-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Eichelberger
Formed
2006
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Tdt Cpas and Advisors Pc
Address
1245 JORDAN CREEK PKWY SUITE 100, WEST DES MOINES, IA 50266-2300
Preparer
Dan Montgomery CPA
Phone
6416289411
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The corporation is incorporated under the laws of iowa as a non-profit organization. Because of its non-profit status, the corporation is exempt from income taxes under irc section 501(c)(3). No capital stock is issued. The corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt012812
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt054860
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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt012900
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt012800
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt012812
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt054860
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt040530
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt038672
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt042812
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt037800
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt037812
IRS990ScheduleA/Total509Grp/TotalAmt0197626
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt038726
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt095300
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt037830
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt037835
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0250258
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0625626
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0199375
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0825001
IRS990ScheduleD/EquipmentGrp/BookValueAmt010788
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025314
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036102
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt050842
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050842
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03668
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07429
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011097
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01281
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS INCORPORATED UNDER THE LAWS OF IOWA AS A NON-PROFIT ORGANIZATION. BECAUSE OF ITS NON-PROFIT STATUS, THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(C)(3). NO CAPITAL STOCK IS ISSUED. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0690924
IRS990ScheduleD/TotalLiabilityAmt01281
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A HUD APPROVED MANAGEMENT AGREEMENT WITH KEYWAY MANAGEMENT COMPANY. MANAGEMENT FEES ARE 10.8 PERCENT OF RENT INCOME COLLECTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE REVIEWED AND DISCUSSED AT THE EXECUTIVE AND FINANCE COMMITTEE MEETINGS PRIOR TO THE BOARD MEETING IN WHICH IT WILL BE PRESENTED IN ITS ENTIRETY AND FORMALLY APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0421412509
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MUSCATINE
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt040530
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01200 VALLEY WEST DR 108
IRS990/USAddress/CityNm0WEST DES MOINES
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IRS990/USAddress/ZIPCd050266
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN EICHELBERGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05152254782
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MWA III INC
ReturnHeader/Filer/BusinessNameControlTxt0MWAI
ReturnHeader/Filer/EIN0204721365
ReturnHeader/Filer/PhoneNum05152254782
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O KEYWAY MANAGEMENT
ReturnHeader/Filer/USAddress/CityNm0WEST DES MOINES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
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Document Assets

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Filings

Displayed year

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

Open filing
Assets
$711,811
Liabilities
$575,229
Net assets
$136,582
Revenue
$40,567
Expenses
$63,400
Net income
-$22,833
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.31$5.73$0.58$0.60$0.63$0.04
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.40$5.79$0.62$0.53$0.71$0.19
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.66$5.85$0.80$0.49$0.65$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.83$5.87$0.96$0.49$0.62$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.91$5.82$1.09$0.40$0.68$0.28
2020Detailed filing. Detailed filing data is available for this year.$7.12$5.75$1.37$0.41$0.63$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.34$5.75$1.59$0.39$0.60$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.51$5.70$1.81$0.95$1.08$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.64$5.71$1.93$0.38$0.57$0.19
2016Summary only. Only limited summary data is available for this year.$7.85$5.73$2.12$0.38$0.59$0.21
2015Detailed filing. Detailed filing data is available for this year.$8.02$5.69$2.33$0.38$0.56$0.18
2014Detailed filing. Detailed filing data is available for this year.$8.18$5.67$2.51$0.37$0.53$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.32$5.64$2.68$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.51$5.66$2.85$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.62$5.63$2.99$0.53