Civic Intelligence

Community Homes Inc

990 • Fiscal year 2018 • EIN 23-7101435

Sep 01, 2017 to Aug 31, 2018 • Filed on May 23, 2019

Organization Profilewww.fivestarservices.biz
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

99th percentile

2.11x

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

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

6.98x

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

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Net Margin

9th percentile

-27%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Asset Growth

20th percentile

-6.1%

Faster asset growth than 20% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

52nd percentile

3.7%

Faster revenue growth than 52% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$4,464,520

Down $292,219 (-6.1%) from 2017

Net Assets

Down

-$4,975,442

Down $352,183 (-7.6%) from 2017

Liabilities

Up

$9,439,962

Up $59,964 (+0.6%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin9th percentile

Revenue

Up

$1,352,936

Up $47,872 (+3.7%) from 2017

Expenses

Down

$1,718,014

Down $110,722 (-6.1%) from 2017

Net Income

Up

-$365,078

Up $158,594 (+30%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

2018

Assets$4,464,520
Liabilities$9,439,962
Net Assets-$4,975,442
Open 2018 Filing

Operations Trend

Revenue Growth52nd percentile

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

2018

Revenue$1,352,936
Expenses$1,718,014
Net Income-$365,078
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
May 23, 2019
Return Version
2017v2.3
Gross Receipts
$1,352,936
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$3,982,358$3,706,540▼ $275,818
Accounts Receivable$64,207$278,581▲ $214,374
Savings and Temporary Cash Investments$28,969--
Prepaid Expenses and Deferred Charges$4,127$0▼ $4,127
Cash and Non-Interest-Bearing Accounts$268$254▼ $14
Total Assets$4,756,739$4,464,520▼ $292,219
Other Assets Total$676,810$479,145▼ $197,665
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,518,564$7,518,564→ $0
Accounts Payable and Accrued Expenses$1,751,303$1,763,177▲ $11,874
Deferred Revenue$21,199$73,025▲ $51,826
Other Liabilities$46,759$43,784▼ $2,975
Escrow Account Liability$42,173$41,412▼ $761
Total Liabilities$9,379,998$9,439,962▲ $59,964
Net Assets / Fund Balance
Unrestricted Net Assets$-4,623,259$-4,975,442▼ $352,183
Total Net Assets Fund Balance$-4,623,259$-4,975,442▼ $352,183
Total Liabilities and Net Assets / Fund Balance$4,756,739$4,464,520▼ $292,219

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,321,711$8,379,358$11,701,069
Land$384,829-$384,829
Other Assets Org$434,894--
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Rev Eric RennerPresident
Rev Kevin KlosterDirector
Rev Tim StoaDirector
Rosella JangulaDirector
Angela KisserAlternate
Diane JorgensonAlternate
Fr Chad WilhelmAlternate
Paul McNuttAlternate
George EconomonSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$406,363
Program Service Revenue
$946,573
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-365,078
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,329,263
Salaries, Compensation, and Employee Benefits$388,751
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$411,777--$411,777
Other Salaries and Wages$344,834--$344,834
Depreciation Depletion$279,841--$279,841
Fees for Services Management-$118,764-$118,764
Fees for Services Other$117,319--$117,319
Office Expenses$111,601--$111,601
Insurance$82,362--$82,362
Fees for Services Accounting-$39,080-$39,080
Other Expenses$31,655--$31,655
Payroll Taxes$30,104--$30,104
Other Employee Benefits$13,813--$13,813
All Other Expenses$6,677--$6,677
Fees for Services Legal-$3,158-$3,158
Conferences and Meetings$2,574--$2,574
Advertising$228--$228
Total Functional Expenses$1,557,012$161,002$0$1,718,014
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$43,784
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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 2018 Community Homes, Inc. paid $118,764 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
George Economon
Title
Secretary/Treasurer
Phone
7013655000
Signed
2019-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Economon
Formed
1977
Legal Domicile
Nd
Voting Board Members
5
Independent Board Members
5
Employees
16
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

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.”

Raw XML Appendix385 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/ActivitiesConductedPrtshpInd00
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Sarah Becker
IRS990/BooksInCareOfDetail/PhoneNum07013655000
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IRS990/Desc0Community Homes, Inc. is a non-profit corporation organized for the purpose of providing housing facilities and services for middle and low income residents of North Dakota. The corporation's offices and facilities are located in Fargo (Phase I and II) and Wahpeton, North Dakota. Phase I consists of 90 units, Phase II consists of 96 units, and Wahpeton consists of 96 units, all of which are multi-family housing projects. Substantially all of the project's income is derived from the rental of its apartment units. In connection therewith, the project has entered into housing assistance payments contracts with HUD on behalf of qualified tenants.
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IRS990/Form990PartVIISectionAGrp/PersonNm1George Economon
IRS990/Form990PartVIISectionAGrp/PersonNm2Rosella Jangula
IRS990/Form990PartVIISectionAGrp/PersonNm3Rev Kevin Kloster
IRS990/Form990PartVIISectionAGrp/PersonNm4Rev Tim Stoa
IRS990/Form990PartVIISectionAGrp/PersonNm5Diane Jorgenson
IRS990/Form990PartVIISectionAGrp/PersonNm6Paul McNutt
IRS990/Form990PartVIISectionAGrp/PersonNm7Fr Chad Wilhelm
IRS990/Form990PartVIISectionAGrp/PersonNm8Angela Kisser
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt08379358
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011701069
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0384829
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0384829
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt044251
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1434894
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Restricted Deposits and Funded Rese
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043784
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/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03706540
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0479145
IRS990ScheduleD/TotalLiabilityAmt043784
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 2018 Community Homes, Inc. paid $118,764 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/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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04756739
IRS990/TotalAssetsEOYAmt04464520
IRS990/TotalAssetsGrp/BOYAmt04756739
IRS990/TotalAssetsGrp/EOYAmt04464520
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0406363
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0161002
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01557012
IRS990/TotalFunctionalExpensesGrp/TotalAmt01718014
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09379998
IRS990/TotalLiabilitiesEOYAmt09439962
IRS990/TotalLiabilitiesGrp/BOYAmt09379998
IRS990/TotalLiabilitiesGrp/EOYAmt09439962
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-4623259
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4975442
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01557012
IRS990/TotalProgramServiceRevenueAmt0946573
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0946573
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01352936
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04756739
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04464520
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-4623259
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-4975442
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0George Economon
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary/Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07013655000
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-23
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
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId066CC91E6B7F11C4783FFFA5645E675327CB67316
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03F1B4C4A1C1F32CA3CD03C05270CE62742EA9E6E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0199.247.43.54
ReturnHeader/FilingSecurityInformation/IPDt02019-05-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:34:53
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04310 17TH AVE S PO BOX 2545
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FARGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0581082545
ReturnHeader/PreparerPersonGrp/PhoneNum07012398500
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA CHAFFEE CPA
ReturnHeader/ReturnTs02019-05-24T11:27:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,464,520
Liabilities
$9,439,962
Net assets
-$4,975,442
Revenue
$1,352,936
Expenses
$1,718,014
Net income
-$365,078
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.09$0.12$0.03
2018Detailed filing. Detailed filing data is available for this year.$4.46$9.44$4.98$1.35$1.72$0.37
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.76$9.38$4.62$1.31$1.83$0.52
2016Detailed filing. Detailed filing data is available for this year.$4.98$9.22$4.24$1.45$1.63$0.18
2015Detailed filing. Detailed filing data is available for this year.$5.26$9.32$4.06$1.37$1.51$0.14
2014Detailed filing. Detailed filing data is available for this year.$5.41$9.33$3.92$1.43$1.63$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.61$9.33$3.72$1.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.63$9.27$3.63$1.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.77$9.54$3.77$1.62