Civic Intelligence

Graettinger Community Apartments

990 • Fiscal year 2018 • EIN 23-7195192

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 27, 2019

PO Box 252Graettinger, IA 51342

(712) 859-3931

Siviq Scores

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

Liabilities / Assets

95th percentile

0.86x

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

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

0.62x

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

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Net Margin

77th percentile

18%

Higher net margin than 77% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Asset Growth

51st percentile

1.4%

Faster asset growth than 51% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

-3.4%

Faster revenue growth than 42% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$86,345

Up $1,205 (+1.4%) from 2017

Net Assets

Up

$12,495

Up $20,868 (+249%) from 2017

Liabilities

Down

$73,850

Down $19,663 (-21%) from 2017

Revenue

Down

$119,204

Down $4,209 (-3.4%) from 2017

Expenses

Up

$98,336

Up $5,635 (+6.1%) from 2017

Net Income

Down

$20,868

Down $9,844 (-32%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2016: $43,790Liabilities 2016: $82,875Net Assets 2016: -$39,0852016Assets 2017: $85,140Liabilities 2017: $93,513Net Assets 2017: -$8,3732017Assets 2018: $86,345Liabilities 2018: $73,850Net Assets 2018: $12,4952018Assets 2019: $91,566Liabilities 2019: $53,062Net Assets 2019: $38,5042019Assets 2020: $84,960Liabilities 2020: $31,094Net Assets 2020: $53,8662020Assets 2021: $379,581Liabilities 2021: $328,975Net Assets 2021: $50,6062021Assets 2022: $468,845Liabilities 2022: $376,311Net Assets 2022: $92,5342022Assets 2023: $469,814Liabilities 2023: $349,958Net Assets 2023: $119,8562023Assets 2024: $491,223Liabilities 2024: $323,095Net Assets 2024: $168,1282024

Highlighted filing

2018

Assets$86,345
Liabilities$73,850
Net Assets$12,495

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2016: $105,026Expenses 2016: $87,756Net Income 2016: $17,2702016Revenue 2017: $123,413Expenses 2017: $92,701Net Income 2017: $30,7122017Revenue 2018: $119,204Expenses 2018: $98,336Net Income 2018: $20,8682018Revenue 2019: $123,143Expenses 2019: $97,134Net Income 2019: $26,0092019Revenue 2020: $124,161Expenses 2020: $108,799Net Income 2020: $15,3622020Revenue 2021: $175,486Expenses 2021: $178,746Net Income 2021: -$3,2602021Revenue 2022: $210,258Expenses 2022: $168,330Net Income 2022: $41,9282022Revenue 2023: $213,948Expenses 2023: $186,628Net Income 2023: $27,3202023Revenue 2024: $209,509Expenses 2024: $161,237Net Income 2024: $48,2722024

Highlighted filing

2018

Revenue$119,204
Expenses$98,336
Net Income$20,868
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 27, 2019
Return Version
2018v3.1
Gross Receipts
$119,204
Mission and Program Overview

Mission

The mission of hte graettinger com apts is to meet our communities housing needs by providing decent, safe and affordable housing. We strive to ensure our residents feel like they have found their "home". We are committed to serving the gr community in a manner that demona profsionallislm, care and consideration.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$68,746$67,055▼ $1,691
Savings and Temporary Cash Investments$13,985$14,987▲ $1,002
Rtn Earn Endowment Incm Other Fnds$-8,373$12,495▲ $20,868
Cash and Non-Interest-Bearing Accounts$2,409$4,303▲ $1,894
Total Assets$85,140$86,345▲ $1,205
Liabilities
Mortgage Notes Payable Secured by Investment Property$93,513$73,850▼ $19,663
Total Liabilities$93,513$73,850▼ $19,663
Net Assets / Fund Balance
Total Net Assets Fund Balance$-8,373$12,495▲ $20,868
Total Liabilities and Net Assets / Fund Balance$85,140$86,345▲ $1,205

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$43,897$1,107,614$1,151,511
Land$23,158-$23,158
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lavon ParkBoard Chairp
Carl WicksVice Chairpe
Ashley DemossBoard Member
Darrel EatonBoard Member
Don MahanBoard Member
Jerry PetersenBoard Member
Ruth PetrichBoard Member
Jeanne JohnsonSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$114,041
Investment Income
$1,860
Other Revenue
$3,303
Change in Net Assets
$20,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,336
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$77,857--$77,857
Fees for Services Management$18,788--$18,788
Depreciation Depletion$1,691--$1,691
Total Functional Expenses$98,336$0$0$98,336
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Graettinger Community Apartments
EIN
23-7195192
Phone
7128593931
Address
PO BOX 252, GRAETTINGER, IA 51342

Signing Officer

Name
Jeanne Johnson
Title
Secretary/treasurer
Phone
7128593931
Signed
2019-10-27

Organization Details

Principal Officer
Jeanne Johnson
Voting Board Members
8
Independent Board Members
2
Employees
2

Preparer

Firm
Fort & Schlegel CPA Pc
Address
PO BOX 420, EMMETSBURG, IA 50536-1509
Preparer
Edwin J Burdorf
Phone
7128524464
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of hte graettinger com apts is to meet our communities housing needs by providing decent, safe and affordable housing. We strive to ensure our residents feel like they have found their "home". We are committed to serving the gr community in a manner that demona profsionallislm, care and consideration.

Form 990

We were unable to locate the determination letter issued by the irs for the type of tax -exempt status. It appears that it is not a public charity. We have no idea if it is a private foundation or if it is related to a government. The form 990 filed for 2014 was filed incorrectly and did not identify the status. We asked for the information to determine the status, no one had any idea where to locate that information. We were told that the organization has been filing form 990s for years. The 2014 was marked intial return, but we were told it was not the first time it was filed.

Form 990, Page 2, Part III, Line 4D

The mission of the graettinger com apts is to meet our communities housing needs by providing decent, safe and affordable housing. We strive to ensure our residents feel like they have found their "home". We are committed to serving the gr community in a manner that demonstrates professionalism, care and consideration.

Form 990, Part IX, Line 11G

Insurance 7,456 0 0 snow removal 2,733 0 0 repairs & maintenance 18,316 0 0 utilities 35,071 0 0 advertising 4,452 0 0 postage 92 0 0 payroll taxes 1,143 0 0 interest expense 4,718 0 0 contract labor 2,596 0 0 mileage 592 0 0 refund deposit 688 0 0 total 77,857 0 0

Raw XML Appendix281 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/MissionDesc0THE MISSION OF HTE GRAETTINGER COM APTS IS TO MEET OUR COMMUNITIES HOUSING NEEDS BY PROVIDING DECENT, SAFE AND AFFORDABLE HOUSING. WE STRIVE TO ENSURE OUR RESIDENTS FEEL LIKE THEY HAVE FOUND THEIR "HOME". WE ARE COMMITTED TO SERVING THE GR COMMUNITY IN A MANNER THAT DEMONA PROFSIONALLISLM, CARE AND CONSIDERATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF HTE GRAETTINGER COM APTS IS TO MEET OUR COMMUNITIES HOUSING NEEDS BY PROVIDING DECENT, SAFE AND AFFORDABLE HOUSING. WE STRIVE TO ENSURE OUR RESIDENTS FEEL LIKE THEY HAVE FOUND THEIR "HOME". WE ARE COMMITTED TO SERVING THE GR COMMUNITY IN A MANNER THAT DEMONA PROFSIONALLISLM, CARE AND CONSIDERATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE WERE UNABLE TO LOCATE THE DETERMINATION LETTER ISSUED BY THE IRS FOR THE TYPE OF TAX -EXEMPT STATUS. IT APPEARS THAT IT IS NOT A PUBLIC CHARITY. WE HAVE NO IDEA IF IT IS A PRIVATE FOUNDATION OR IF IT IS RELATED TO A GOVERNMENT. THE FORM 990 FILED FOR 2014 WAS FILED INCORRECTLY AND DID NOT IDENTIFY THE STATUS. WE ASKED FOR THE INFORMATION TO DETERMINE THE STATUS, NO ONE HAD ANY IDEA WHERE TO LOCATE THAT INFORMATION. WE WERE TOLD THAT THE ORGANIZATION HAS BEEN FILING FORM 990S FOR YEARS. THE 2014 WAS MARKED INTIAL RETURN, BUT WE WERE TOLD IT WAS NOT THE FIRST TIME IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MISSION OF THE GRAETTINGER COM APTS IS TO MEET OUR COMMUNITIES HOUSING NEEDS BY PROVIDING DECENT, SAFE AND AFFORDABLE HOUSING. WE STRIVE TO ENSURE OUR RESIDENTS FEEL LIKE THEY HAVE FOUND THEIR "HOME". WE ARE COMMITTED TO SERVING THE GR COMMUNITY IN A MANNER THAT DEMONSTRATES PROFESSIONALISM, CARE AND CONSIDERATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INSURANCE 7,456 0 0 SNOW REMOVAL 2,733 0 0 REPAIRS & MAINTENANCE 18,316 0 0 UTILITIES 35,071 0 0 ADVERTISING 4,452 0 0 POSTAGE 92 0 0 PAYROLL TAXES 1,143 0 0 INTEREST EXPENSE 4,718 0 0 CONTRACT LABOR 2,596 0 0 MILEAGE 592 0 0 REFUND DEPOSIT 688 0 0 TOTAL 77,857 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/USAddress/AddressLine1Txt0PO BOX 281
IRS990/USAddress/CityNm0GRAETTINGER
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051342
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt02
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JEANNE JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07128593931
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRAETTINGER COMMUNITY APARTMENTS
ReturnHeader/Filer/BusinessNameControlTxt0GRAE
ReturnHeader/Filer/EIN0237195192
ReturnHeader/Filer/PhoneNum07128593931
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 252
ReturnHeader/Filer/USAddress/CityNm0GRAETTINGER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051342
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0822148135
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FORT & SCHLEGEL CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 420
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EMMETSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0505361509
ReturnHeader/PreparerPersonGrp/PhoneNum07128524464
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWIN J BURDORF
ReturnHeader/ReturnTs02019-10-28T07:45:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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