Civic Intelligence

Hilltop Apartments Inc

EIN 23-7111016 • 501(c)4 • Algona, IA

Profile

To provide low rent housing in Lehigh, Iowa.

PO Box 476Algona, IA 50511
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

0.87x

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

501(c)4 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

0.80x

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

501(c)4 • <$500k nonprofits • Source year 2022

Net Margin

37th percentile

-4.5%

Higher net margin than 37% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2022

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

501(c)4 • <$500k nonprofits • Source year 2021

Asset Growth

26th percentile

-18%

Faster asset growth than 26% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

45th percentile

-2.3%

Faster revenue growth than 45% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$61,888

Down $3,479 (-5.3%) from 2023

Liabilities

Down

$39,713

Down $11,091 (-22%) from 2023

Net Assets

Up

$22,175

Up $7,612 (+52%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin37th percentile

Revenue

Down

$86,622

Down $1,128 (-1.3%) from 2023

Expenses

Down

$79,010

Down $3,870 (-4.7%) from 2023

Net Income

Up

$7,612

Up $2,742 (+56%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth26th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2020: $97,235Liabilities 2020: $88,424Net Assets 2020: $8,8112020Assets 2021: $89,075Liabilities 2021: $75,823Net Assets 2021: $13,2522021Assets 2022: $73,049Liabilities 2022: $63,356Net Assets 2022: $9,6932022Assets 2023: $65,367Liabilities 2023: $50,804Net Assets 2023: $14,5632023Assets 2024: $61,888Liabilities 2024: $39,713Net Assets 2024: $22,1752024

Highlighted filing

2024

Assets$61,888
Liabilities$39,713
Net Assets$22,175
Open 2024 Filing

Operations Trend

Revenue Growth45th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2020: $81,815Expenses 2020: $73,340Net Income 2020: $8,4752020Revenue 2021: $81,293Expenses 2021: $76,852Net Income 2021: $4,4412021Revenue 2022: $79,384Expenses 2022: $82,943Net Income 2022: -$3,5592022Revenue 2023: $87,750Expenses 2023: $82,880Net Income 2023: $4,8702023Revenue 2024: $86,622Expenses 2024: $79,010Net Income 2024: $7,6122024

Highlighted filing

2024

Revenue$86,622
Expenses$79,010
Net Income$7,612
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$61,888
Liabilities
$39,713
Net assets
$22,175
Revenue
$86,622
Expenses
$79,010
Net income
$7,612
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$61.9$39.7$22.2$86.6$79.0$7.61
2023Detailed filing. Detailed filing data is available for this year.$65.4$50.8$14.6$87.8$82.9$4.87
2022Detailed filing. Detailed filing data is available for this year.$73.0$63.4$9.69$79.4$82.9$3.56
2021Detailed filing. Detailed filing data is available for this year.$89.1$75.8$13.3$81.3$76.9$4.44
2020Detailed filing. Detailed filing data is available for this year.$97.2$88.4$8.81$81.8$73.3$8.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 28, 2025
Return Version
2024v5.0
Gross Receipts
$86,622
Mission and Program Overview

Mission

To provide low rent housing in Lehigh, Iowa.

Program Services

DescriptionGrantsExpenses
To provide low rent housing for the elderly, disabled, and families in the Lehigh community.$0$79,010
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paula MartinPresident-$0--
Ed UlickiVice President-$0--
Jordan GaneffSecretary/Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Hilltop Apartments Inc
EIN
23-7111016
Phone
5152952927
Address
PO Box 476, Algona, IA 50511

Signing Officer

Name
Paula Martin
Title
President
Phone
5154081218
Signed
2025-04-28
Discuss with paid preparer
Yes

Preparer

Firm
Murphy Enterprises Inc
Address
Murphy Enterprises Inc, Algona, IA 50511
Preparer
William Murphy
Phone
5152952927
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

“Laundry $1766, Tenant Charges $705, and Garages $1610”

Form 990-EZ, Part I, Line 16

“Depreciation $14636, Interest $2929, and Short Term Loan Interest $63”

Form 990-EZ, Part II, Line 26

“Mortgage Balance $33053 and Security Deposits $6660”

Raw XML Appendix132 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Murphy Realty & Management Inc
IRS990EZ/BooksInCareOfDetail/PhoneNum05152952927
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0208 East State Street
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Algona
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd050511
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt011357
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt020587
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt07612
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt07905
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt065367
IRS990EZ/Form990TotalAssetsGrp/EOYAmt061888
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt086622
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt054010
IRS990EZ/LandAndBuildingsGrp/EOYAmt041301
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt025
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt014563
IRS990EZ/NetAssetsOrFundBalancesEOYAmt022175
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt014563
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt022175
IRS990EZ/OccupancyRentUtltsAndMaintAmt046977
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Paula Martin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Ed Ulicki
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Jordan Ganeff
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary/Treasurer
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt017628
IRS990EZ/OtherRevenueTotalAmt04081
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To provide low rent housing in Lehigh, Iowa.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt082516
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To provide low rent housing for the elderly, disabled, and families in the Lehigh community.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt079010
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt06500
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt050804
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt039713
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt079010
IRS990EZ/TotalProgramServiceExpensesAmt079010
IRS990EZ/TotalRevenueAmt086622
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Laundry $1766, Tenant Charges $705, and Garages $1610
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation $14636, Interest $2929, and Short Term Loan Interest $63
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mortgage Balance $33053 and Security Deposits $6660
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Paula Martin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05154081218
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HILLTOP APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0HILL
ReturnHeader/Filer/EIN0237111016
ReturnHeader/Filer/PhoneNum05152952927
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 476
ReturnHeader/Filer/USAddress/CityNm0Algona
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050511
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270007462
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Murphy Enterprises Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0Murphy Enterprises Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Algona
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050511
ReturnHeader/PreparerPersonGrp/PhoneNum05152952927
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William Murphy
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-28T12:38:04-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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