Civic Intelligence

Community Homes Inc

990 • Fiscal year 2017 • EIN 23-7101435

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 10, 2018

3255 43rd St SWFargo, ND 58104

(701) 365-5000

Siviq Scores

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

Liabilities / Assets

98th percentile

1.97x

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

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

7.19x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Net Margin

7th percentile

-40%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

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

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Asset Growth

18th percentile

-4.5%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

20th percentile

-10%

Faster revenue growth than 20% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$4,756,739

Down $222,959 (-4.5%) from 2016

Net Assets

Down

-$4,623,259

Down $386,266 (-9.1%) from 2016

Liabilities

Up

$9,379,998

Up $163,307 (+1.8%) from 2016

Revenue

Down

$1,305,064

Down $147,416 (-10%) from 2016

Expenses

Up

$1,828,736

Up $197,298 (+12%) from 2016

Net Income

Down

-$523,672

Down $344,714 (-193%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $5,774,633Liabilities 2011: $9,542,361Net Assets 2011: -$3,767,7282011Assets 2012: $5,633,555Liabilities 2012: $9,267,174Net Assets 2012: -$3,633,6192012Assets 2013: $5,611,595Liabilities 2013: $9,327,438Net Assets 2013: -$3,715,8432013Assets 2014: $5,414,700Liabilities 2014: $9,332,642Net Assets 2014: -$3,917,9422014Assets 2015: $5,257,950Liabilities 2015: $9,315,985Net Assets 2015: -$4,058,0352015Assets 2016: $4,979,698Liabilities 2016: $9,216,691Net Assets 2016: -$4,236,9932016Assets 2017: $4,756,739Liabilities 2017: $9,379,998Net Assets 2017: -$4,623,2592017Assets 2018: $4,464,520Liabilities 2018: $9,439,962Net Assets 2018: -$4,975,4422018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2017

Assets$4,756,739
Liabilities$9,379,998
Net Assets-$4,623,259

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $1,622,4802011Expenses 2012: $1,451,5582012Expenses 2013: $1,566,7432013Revenue 2014: $1,429,330Expenses 2014: $1,631,429Net Income 2014: -$202,0992014Revenue 2015: $1,371,228Expenses 2015: $1,511,321Net Income 2015: -$140,0932015Revenue 2016: $1,452,480Expenses 2016: $1,631,438Net Income 2016: -$178,9582016Revenue 2017: $1,305,064Expenses 2017: $1,828,736Net Income 2017: -$523,6722017Revenue 2018: $1,352,936Expenses 2018: $1,718,014Net Income 2018: -$365,0782018Revenue 2019: $87,933Expenses 2019: $115,133Net Income 2019: -$27,2002019

Highlighted filing

2017

Revenue$1,305,064
Expenses$1,828,736
Net Income-$523,672
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 10, 2018
Return Version
2016v3.0
Gross Receipts
$1,305,064
Mission and Program Overview

Mission

To provide housing facilities and service for middle and low income residents of North Dakota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,016,011$3,982,358▼ $33,653
Accounts Receivable$112,736$64,207▼ $48,529
Savings and Temporary Cash Investments$157,792$28,969▼ $128,823
Prepaid Expenses and Deferred Charges$4,127$4,127→ $0
Cash and Non-Interest-Bearing Accounts$203$268▲ $65
Total Assets$4,979,698$4,756,739▼ $222,959
Other Assets Total$688,829$676,810▼ $12,019
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,401,911$7,518,564▲ $116,653
Accounts Payable and Accrued Expenses$1,694,991$1,751,303▲ $56,312
Other Liabilities$50,951$46,759▼ $4,192
Escrow Account Liability$45,184$42,173▼ $3,011
Deferred Revenue$23,654$21,199▼ $2,455
Total Liabilities$9,216,691$9,379,998▲ $163,307
Net Assets / Fund Balance
Unrestricted Net Assets$-4,236,993$-4,623,259▼ $386,266
Total Net Assets Fund Balance$-4,236,993$-4,623,259▼ $386,266
Total Liabilities and Net Assets / Fund Balance$4,979,698$4,756,739▼ $222,959

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,670,315$7,594,606$11,264,921
Equipment$100,951$331,175$432,126
Other Land Buildings$81,691$173,737$255,428
Land$129,401-$129,401
Other Assets Org$3,400--
Compensation and Service Providers

Board Members and Trustees

NameTitle
George EconomonPresident
Rev Eric RennerVice President
Dick MaetzoldDirector
Rev Kevin KlosterDirector
Rev Tim StoaDirector
Diane JorgensonAlternate
Fr Chad WilhelmAlternate
Harvey SellAlternate
Paul McNuttAlternate

Highest Paid Contractors

ContractorServicesLocationCompensation
Five Star Services IncManagement Agent3255 43rd St SW, Fargo, ND 58104$174,197
Revenue and Support

Revenue Composition

Contributions and Grants
$425,969
Program Service Revenue
$988,968
Investment Income
$6,780
Other Revenue
$-116,653
Change in Net Assets
$-523,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,458,583
Salaries, Compensation, and Employee Benefits$370,153
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$451,023--$451,023
Other Salaries and Wages$327,042--$327,042
Depreciation Depletion$253,818--$253,818
Fees for Services Other$156,825--$156,825
Fees for Services Management-$137,050-$137,050
Office Expenses$125,141--$125,141
Insurance$85,407--$85,407
Interest$77,661--$77,661
Payroll Taxes$27,687--$27,687
Fees for Services Accounting-$21,281-$21,281
Other Employee Benefits$15,424--$15,424
All Other Expenses$12,583$130-$12,713
Other Expenses$10,002--$10,002
Conferences and Meetings$9,787--$9,787
Fees for Services Legal-$4,247-$4,247
Advertising$1,842--$1,842
Total Functional Expenses$1,666,028$162,708$0$1,828,736
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Special Assessments Payable$46,759
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

The project entered into an agreement with Five Star Services, Inc. to act as its agent in the operation of the project's properties and to make all collections for it. During fiscal year ending August 2017 Community Homes, Inc. paid $137,050 in management fees.

Form 990, Part VI, Section A, line 6

The Organization is equally owned by its five separate members. Each member has equal voting rights.

Form 990, Part VI, Section A, line 7A

Each member is responsible for appointing a representative and an alternate to serve on the board of directors. Each member is entitled to only one vote in the event both the representative and alternate are in attendance.

Form 990, Part VI, Section A, line 8B

The Organization does not have committees with the right to act on the behalf of the governing body.

Form 990, Part VI, Section B, line 11B

Five Star Services, Inc. reviewed the Form 990. The governing board was provided a copy of the Form 990 prior to the filing of the return with the IRS.

Form 990, Part VI, Section B, line 15

The Organization does not compensate the Board of Directors or any officers. Five Star Service, Inc. manages and operates the Organization.

Form 990, Part VI, Section C, line 19

The organization makes the governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Community Homes Inc
EIN
23-7101435
Phone
7013655000
Address
3255 43rd St SW, Fargo, ND 58104

Signing Officer

Name
Eric Renner
Title
Current President
Phone
7013655000
Signed
2018-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Renner
Formed
1977
Legal Domicile
Nd
Voting Board Members
5
Independent Board Members
5
Employees
13
Volunteers
9

Preparer

Firm
Eide Bailly Llp
Address
4310 17TH AVE S PO BOX 2545, FARGO, ND 58108-2545
Preparer
Lisa Chaffee CPA
Phone
7012398500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Change in Equity from Drafted FY16 Financials to Final Issued Financials 137,406.

Financial Statement Notes

Part IV, Line 2B:

Pursuant to management policy, the Project has set aside funds to repay tenant security deposits after lease termination in accordance with requirements established by the state.

Part X, Line 2:

The Organization is organized as a North Dakota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(c)(4) of the Internal Revenue Code. The entity is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Organization is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. The entity has determined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. The Organization believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The entity would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04127
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04127
IRS990/PrincipalOfficerNm0Eric Renner
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0Tenant Rental Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Other Supporting Reven
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0907087
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt181881
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0907087
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt181881
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0424320
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01297223
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01028160
IRS990/PYRevenuesLessExpensesAmt0-178958
IRS990/PYSalariesCompEmpBnftPaidAmt0334215
IRS990/PYTotalExpensesAmt01631438
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01452480
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-523672
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0872315
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0157792
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028969
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03670315
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07594606
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011264921
IRS990ScheduleD/EquipmentGrp/BookValueAmt0100951
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0331175
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0432126
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0129401
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0129401
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt054253
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1619157
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23400
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Restricted Deposits and Funded Reserves
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Due from Management Company
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt081691
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0173737
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0255428
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt046759
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Special Assessments Payable
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Pursuant to management policy, the Project has set aside funds to repay tenant security deposits after lease termination in accordance with requirements established by the state.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Organization is organized as a North Dakota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(c)(4) of the Internal Revenue Code. The entity is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Organization is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. The entity has determined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. The Organization believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The entity would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03982358
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0676810
IRS990ScheduleD/TotalLiabilityAmt046759
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The project entered into an agreement with Five Star Services, Inc. to act as its agent in the operation of the project's properties and to make all collections for it. During fiscal year ending August 2017 Community Homes, Inc. paid $137,050 in management fees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization is equally owned by its five separate members. Each member has equal voting rights.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each member is responsible for appointing a representative and an alternate to serve on the board of directors. Each member is entitled to only one vote in the event both the representative and alternate are in attendance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization does not have committees with the right to act on the behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Five Star Services, Inc. reviewed the Form 990. The governing board was provided a copy of the Form 990 prior to the filing of the return with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization does not compensate the Board of Directors or any officers. Five Star Service, Inc. manages and operates the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization makes the governing documents and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Change in Equity from Drafted FY16 Financials to Final Issued Financials 137,406.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04979698
IRS990/TotalAssetsEOYAmt04756739
IRS990/TotalAssetsGrp/BOYAmt04979698
IRS990/TotalAssetsGrp/EOYAmt04756739
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0425969
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0162708
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01666028
IRS990/TotalFunctionalExpensesGrp/TotalAmt01828736
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09216691
IRS990/TotalLiabilitiesEOYAmt09379998
IRS990/TotalLiabilitiesGrp/BOYAmt09216691
IRS990/TotalLiabilitiesGrp/EOYAmt09379998
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-4236993
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4623259
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01666028
IRS990/TotalProgramServiceRevenueAmt0988968
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06780
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0872315
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01305064
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04979698
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04756739
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-4236993
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-4623259
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03255 43rd St SW
IRS990/USAddress/CityNm0Fargo
IRS990/USAddress/StateAbbreviationCd0ND
IRS990/USAddress/ZIPCd058104
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.fivestarservices.biz
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Eric Renner
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Current President
ReturnHeader/BusinessOfficerGrp/PhoneNum07013655000
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Community Homes Inc
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0237101435
ReturnHeader/Filer/PhoneNum07013655000
ReturnHeader/Filer/USAddress/AddressLine1Txt03255 43rd St SW
ReturnHeader/Filer/USAddress/CityNm0Fargo
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd058104

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