Civic Intelligence

Duncombe Apartments Incorporated

EIN 23-7175436 • 501(c)4 • Algona, IA

Profile

To provide low rent housing in Duncombe, Iowa.

PO Box 476Algona, IA 50511
Siviq Scores

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

Liabilities / Assets

88th percentile

0.34x

Higher debt load relative to assets than 88% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

0.39x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

34th percentile

-6.1%

Higher net margin than 34% 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

32nd percentile

-11%

Faster asset growth than 32% of similar nonprofits.

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

Revenue Growth

47th percentile

-1.2%

Faster revenue growth than 47% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$86,082

Up $7,248 (+9.2%) from 2023

Liabilities

Down

$20,519

Down $2,539 (-11%) from 2023

Net Assets

Up

$65,563

Up $9,787 (+18%) from 2023

Operations
Liabilities / Revenue89th percentileNet Margin34th percentile

Revenue

Up

$80,313

Up $7,888 (+11%) from 2023

Expenses

Up

$70,526

Up $2,093 (+3.1%) from 2023

Net Income

Up

$9,787

Up $5,795 (+145%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

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

$100K$50K$0Assets 2020: $99,285Liabilities 2020: $40,068Net Assets 2020: $59,2172020Assets 2021: $88,250Liabilities 2021: $32,335Net Assets 2021: $55,9152021Assets 2022: $78,370Liabilities 2022: $26,586Net Assets 2022: $51,7842022Assets 2023: $78,834Liabilities 2023: $23,058Net Assets 2023: $55,7762023Assets 2024: $86,082Liabilities 2024: $20,519Net Assets 2024: $65,5632024

Highlighted filing

2024

Assets$86,082
Liabilities$20,519
Net Assets$65,563
Open 2024 Filing

Operations Trend

Revenue Growth47th percentile

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

$100K$50K$0-$50KRevenue 2020: $72,793Expenses 2020: $61,289Net Income 2020: $11,5042020Revenue 2021: $68,276Expenses 2021: $71,578Net Income 2021: -$3,3022021Revenue 2022: $67,489Expenses 2022: $71,620Net Income 2022: -$4,1312022Revenue 2023: $72,425Expenses 2023: $68,433Net Income 2023: $3,9922023Revenue 2024: $80,313Expenses 2024: $70,526Net Income 2024: $9,7872024

Highlighted filing

2024

Revenue$80,313
Expenses$70,526
Net Income$9,787
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$86,082
Liabilities
$20,519
Net assets
$65,563
Revenue
$80,313
Expenses
$70,526
Net income
$9,787
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$86.1$20.5$65.6$80.3$70.5$9.79
2023Detailed filing. Detailed filing data is available for this year.$78.8$23.1$55.8$72.4$68.4$3.99
2022Detailed filing. Detailed filing data is available for this year.$78.4$26.6$51.8$67.5$71.6$4.13
2021Detailed filing. Detailed filing data is available for this year.$88.3$32.3$55.9$68.3$71.6$3.30
2020Detailed filing. Detailed filing data is available for this year.$99.3$40.1$59.2$72.8$61.3$11.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 26, 2025
Return Version
2024v5.0
Gross Receipts
$80,313
Mission and Program Overview

Mission

To provide low rent housing in Duncombe, Iowa.

Program Services

DescriptionGrantsExpenses
To provide low rent housing for the elderly, disabled, and families. Rent is based on 30% of the applicant's yearly adjusted income with the remainder subsidized by USDA/Rural Development. This organization made it possible for 14 families to find safe and affordable housing in Duncombe.$0$70,526
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joline KleinPresident-$0--
Mary Jane KudlaVice President-$0--
Jacqueline CaquelinSecretary/Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Duncombe Apartments Incorporated
EIN
23-7175436
Phone
5152952927
Address
PO Box 476, Algona, IA 50511

Signing Officer

Name
Joline Klein
Title
President
Phone
5158350038
Signed
2025-04-26
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 $1626”

Form 990-EZ, Part I, Line 16

“Depreciation $16423 and Interest $4033”

Form 990-EZ, Part II, Line 26

“Mortgage Balance $14190 and Security Deposits $6329”

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/BOYAmt063139
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt070839
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt09787
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt011804
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt078834
IRS990EZ/Form990TotalAssetsGrp/EOYAmt086082
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt080313
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0556
IRS990EZ/LandAndBuildingsGrp/BOYAmt015695
IRS990EZ/LandAndBuildingsGrp/EOYAmt015243
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt055776
IRS990EZ/NetAssetsOrFundBalancesEOYAmt065563
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt055776
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt065563
IRS990EZ/OccupancyRentUtltsAndMaintAmt038266
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/PersonNm0Joline Klein
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Mary Jane Kudla
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Jacqueline Caquelin
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/OtherExpensesTotalAmt020456
IRS990EZ/OtherRevenueTotalAmt01626
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To provide low rent housing in Duncombe, Iowa.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt078131
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To provide low rent housing for the elderly, disabled, and families. Rent is based on 30% of the applicant's yearly adjusted income with the remainder subsidized by USDA/Rural Development. This organization made it possible for 14 families to find safe and affordable housing in Duncombe.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt070526
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt023058
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt020519
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt070526
IRS990EZ/TotalProgramServiceExpensesAmt070526
IRS990EZ/TotalRevenueAmt080313
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Laundry $1626
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation $16423 and Interest $4033
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mortgage Balance $14190 and Security Deposits $6329
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/PersonNm0Joline Klein
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05158350038
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DUNCOMBE APARTMENTS INCORPORATED
ReturnHeader/Filer/BusinessNameControlTxt0DUNC
ReturnHeader/Filer/EIN0237175436
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/PreparationDt02025-04-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William Murphy
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-26T13:22:00-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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