Civic Intelligence

Schad Inc

990 • Fiscal year 2015 • EIN 23-7221931

May 01, 2014 to Apr 30, 2015 • Filed on Sep 14, 2015

Organization ProfileN/A
311 N CedarOwatonna, MN 55060

(507) 451-8524

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.05x

Higher debt load relative to assets than 43% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

50th percentile

0.13x

Higher debt load relative to revenue than 50% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Net Margin

77th percentile

26%

Higher net margin than 77% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Asset Growth

78th percentile

11%

Faster asset growth than 78% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

-0.8%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$1,143,112

Up $110,125 (+11%) from 2014

Net Assets

Up

$1,082,925

Up $123,706 (+13%) from 2014

Liabilities

Down

$60,187

Down $13,581 (-18%) from 2014

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin77th percentile

Revenue

Down

$478,288

Down $3,810 (-0.8%) from 2014

Expenses

Down

$354,582

Down $22,567 (-6.0%) from 2014

Net Income

Up

$123,706

Up $18,757 (+18%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $982,021Liabilities 2012: $182,386Net Assets 2012: $799,6352012Assets 2013: $958,285Liabilities 2013: $104,015Net Assets 2013: $854,2702013Assets 2014: $1,032,987Liabilities 2014: $73,768Net Assets 2014: $959,2192014Assets 2015: $1,143,112Liabilities 2015: $60,187Net Assets 2015: $1,082,9252015Assets 2016: $1,302,759Liabilities 2016: $68,536Net Assets 2016: $1,234,2232016Assets 2017: $1,430,147Liabilities 2017: $71,435Net Assets 2017: $1,358,7122017Assets 2018: $1,523,121Liabilities 2018: $74,684Net Assets 2018: $1,448,4372018Assets 2019: $1,577,538Liabilities 2019: $66,311Net Assets 2019: $1,511,2272019Assets 2020: $1,816,691Liabilities 2020: $75,766Net Assets 2020: $1,740,9252020Assets 2021: $2,092,716Liabilities 2021: $82,950Net Assets 2021: $2,009,7662021Assets 2022: $2,370,085Liabilities 2022: $103,824Net Assets 2022: $2,266,2612022Assets 2023: $2,627,630Liabilities 2023: $61,161Net Assets 2023: $2,566,4692023Assets 2024: $3,006,375Liabilities 2024: $78,720Net Assets 2024: $2,927,6552024Assets 2025: $3,512,400Liabilities 2025: $71,885Net Assets 2025: $3,440,5152025

Highlighted filing

2015

Assets$1,143,112
Liabilities$60,187
Net Assets$1,082,925
Open 2015 Filing

Operations Trend

Revenue Growth39th percentile

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

$1.5M$1.0M$500K$0Expenses 2012: $407,9732012Expenses 2013: $423,4522013Revenue 2014: $482,098Expenses 2014: $377,149Net Income 2014: $104,9492014Revenue 2015: $478,288Expenses 2015: $354,582Net Income 2015: $123,7062015Revenue 2016: $499,166Expenses 2016: $347,868Net Income 2016: $151,2982016Revenue 2017: $517,342Expenses 2017: $392,853Net Income 2017: $124,4892017Revenue 2018: $517,481Expenses 2018: $427,756Net Income 2018: $89,7252018Revenue 2019: $538,163Expenses 2019: $475,373Net Income 2019: $62,7902019Revenue 2020: $789,873Expenses 2020: $560,175Net Income 2020: $229,6982020Revenue 2021: $801,082Expenses 2021: $532,241Net Income 2021: $268,8412021Revenue 2022: $810,810Expenses 2022: $554,315Net Income 2022: $256,4952022Revenue 2023: $856,913Expenses 2023: $556,705Net Income 2023: $300,2082023Revenue 2024: $911,369Expenses 2024: $550,183Net Income 2024: $361,1862024Revenue 2025: $1,011,511Expenses 2025: $498,651Net Income 2025: $512,8602025

Highlighted filing

2015

Revenue$478,288
Expenses$354,582
Net Income$123,706
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2014 to Apr 30, 2015
Signed
Sep 14, 2015
Return Version
2014v5.0
Gross Receipts
$478,288
Mission and Program Overview

Mission

To provide housing for certain defined classes of persons, including the elderly and handicapped, under section 8 of the national housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$404,028$714,754▲ $310,726
Savings and Temporary Cash Investments$438,874$405,399▼ $33,475
Prepaid Expenses and Deferred Charges$10,028$10,610▲ $582
Cash and Non-Interest-Bearing Accounts$102,077$6,388▼ $95,689
Accounts Receivable$7,226$5,961▼ $1,265
Total Assets$1,032,987$1,143,112▲ $110,125
Other Assets Total$70,754--
Liabilities
Accounts Payable and Accrued Expenses$53,712$38,814▼ $14,898
Other Liabilities$20,056$21,373▲ $1,317
Total Liabilities$73,768$60,187▼ $13,581
Net Assets / Fund Balance
Unrestricted Net Assets$959,219$1,082,925▲ $123,706
Total Net Assets Fund Balance$959,219$1,082,925▲ $123,706
Total Liabilities and Net Assets / Fund Balance$1,032,987$1,143,112▲ $110,125

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$669,161$1,487,570$2,156,731
Other Land Buildings-$113,653$113,653
Equipment$3,314$99,749$103,063
Land$42,279-$42,279
Compensation and Service Providers
Top Officer Pay57th percentile

Board Members and Trustees

NameTitle
Ben CassPresident
Allen and Cheryl ArnoldDirector
Arlan ThompsonDirector
Colleen AdamsDirector
Erynne ReyesDirector
Greg SalmonsenDirector
Jeff GoergenDirector
Linda JensenDirector
Norm and Vodi BalekDirector
Paul and Barb SlowinskiDirector
Stan and Inez DegenDirector
Dan AppelManaging Age
Bonnie NguyenSecretary
Rebecca KrenkeTreasurer
Jim SchaferVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$477,124
Investment Income
$1,164
Other Revenue
$0
Change in Net Assets
$123,706
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$305,120
Salaries, Compensation, and Employee Benefits$49,462
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$64,581--$64,581
Depreciation Depletion$48,344--$48,344
Other Salaries and Wages$44,893--$44,893
Fees for Services Management-$39,101-$39,101
All Other Expenses$22,310--$22,310
Insurance$22,253--$22,253
Other Expenses$12,716--$12,716
Fees for Services Accounting-$8,400-$8,400
Payroll Taxes$3,607--$3,607
Fees for Services Legal$2,057--$2,057
Office Expenses$1,741--$1,741
Advertising$1,196--$1,196
Other Employee Benefits$962--$962
Total Functional Expenses$307,081$47,501$0$354,582
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$20,946
Prepaid Revenue$427
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The project is managed by life style, inc. For a fee of 8.0% of the property's rental income for the years ended april 30, 2015 and 2014, respectively. Management fee expense was 39,101 and 38,014 for the years ended april 30, 2015 and 2014, respectively. Life style, inc. Furnishes bond coverage as required by regulations.”

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

“It is reviewed and approved by the signing of the return.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Schad Inc
EIN
23-7221931
Address
311 N CEDAR, OWATONNA, MN 55060

Signing Officer

Name
Dan Appel
Title
Managing Agent
Signed
2015-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Appel
Formed
1970
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
2

Preparer

Firm
Struss Cpas Pc
Address
PO BOX 372, OWATONNA, MN 55060
Preparer
Alan W Struss
Phone
5074510611
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IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0470202
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15613
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21309
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0470202
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15613
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21309
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0688
IRS990/PYOtherExpensesAmt0338691
IRS990/PYProgramServiceRevenueAmt0481410
IRS990/PYRevenuesLessExpensesAmt0104949
IRS990/PYSalariesCompEmpBnftPaidAmt038458
IRS990/PYTotalExpensesAmt0377149
IRS990/PYTotalRevenueAmt0482098
IRS990/ReconcilationRevenueExpnssAmt0123706
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0438874
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0405399
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0669161
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01487570
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02156731
IRS990ScheduleD/EquipmentGrp/BookValueAmt03314
IRS990ScheduleD/EquipmentGrp/DepreciationAmt099749
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0103063
IRS990ScheduleD/LandGrp/BookValueAmt042279
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt042279
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0113653
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0113653
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020946
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1427
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0714754
IRS990ScheduleD/TotalLiabilityAmt021373
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS MANAGED BY LIFE STYLE, INC. FOR A FEE OF 8.0% OF THE PROPERTY'S RENTAL INCOME FOR THE YEARS ENDED APRIL 30, 2015 AND 2014, RESPECTIVELY. MANAGEMENT FEE EXPENSE WAS 39,101 AND 38,014 FOR THE YEARS ENDED APRIL 30, 2015 AND 2014, RESPECTIVELY. LIFE STYLE, INC. FURNISHES BOND COVERAGE AS REQUIRED BY REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IT IS REVIEWED AND APPROVED BY THE SIGNING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01032987
IRS990/TotalAssetsEOYAmt01143112
IRS990/TotalAssetsGrp/BOYAmt01032987
IRS990/TotalAssetsGrp/EOYAmt01143112
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047501
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0307081
IRS990/TotalFunctionalExpensesGrp/TotalAmt0354582
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt073768
IRS990/TotalLiabilitiesEOYAmt060187
IRS990/TotalLiabilitiesGrp/BOYAmt073768
IRS990/TotalLiabilitiesGrp/EOYAmt060187
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0959219
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01082925
IRS990/TotalProgramServiceExpensesAmt0307081
IRS990/TotalProgramServiceRevenueAmt0477124
IRS990/TotalRevenueGrp/ExclusionAmt01164
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0477124
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0478288
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01032987
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01143112
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0959219
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01082925
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0311 N CEDAR
IRS990/USAddress/CityNm0OWATONNA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055060
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAN APPEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING AGENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-09-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHAD INC
ReturnHeader/Filer/BusinessNameControlTxt0SCHA
ReturnHeader/Filer/EIN0237221931
ReturnHeader/Filer/USAddress/AddressLine1Txt0311 N CEDAR
ReturnHeader/Filer/USAddress/CityNm0OWATONNA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055060
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271590985
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STRUSS CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 372
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OWATONNA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055060
ReturnHeader/PreparerPersonGrp/PhoneNum05074510611
ReturnHeader/PreparerPersonGrp/PreparationDt02015-09-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN W STRUSS
ReturnHeader/ReturnTs02015-09-15T15:39:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-05-01
ReturnHeader/TaxPeriodEndDt02015-04-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,143,112
Liabilities
$60,187
Net assets
$1,082,925
Revenue
$478,288
Expenses
$354,582
Net income
$123,706
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$0.07$3.44$1.01$0.50$0.51
2024Detailed filing. Detailed filing data is available for this year.$3.01$0.08$2.93$0.91$0.55$0.36
2023Detailed filing. Detailed filing data is available for this year.$2.63$0.06$2.57$0.86$0.56$0.30
2022Detailed filing. Detailed filing data is available for this year.$2.37$0.10$2.27$0.81$0.55$0.26
2021Detailed filing. Detailed filing data is available for this year.$2.09$0.08$2.01$0.80$0.53$0.27
2020Detailed filing. Detailed filing data is available for this year.$1.82$0.08$1.74$0.79$0.56$0.23
2019Detailed filing. Detailed filing data is available for this year.$1.58$0.07$1.51$0.54$0.48$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.52$0.07$1.45$0.52$0.43$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.43$0.07$1.36$0.52$0.39$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.30$0.07$1.23$0.50$0.35$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.14$0.06$1.08$0.48$0.35$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.03$0.07$0.96$0.48$0.38$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.10$0.85$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.18$0.80$0.41