Civic Intelligence

Schad Inc

990 • Fiscal year 2016 • EIN 23-7221931

May 01, 2015 to Apr 30, 2016 • Filed on Sep 08, 2016

Organization ProfileN/A
311 N CedarOwatonna, MN 55060

(507) 451-8524

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$1,302,759

Up $159,647 (+14%) from 2015

Net Assets

Up

$1,234,223

Up $151,298 (+14%) from 2015

Liabilities

Up

$68,536

Up $8,349 (+14%) from 2015

Revenue And Expenses

Revenue

Up

$499,166

Up $20,878 (+4.4%) from 2015

Expenses

Down

$347,868

Down $6,714 (-1.9%) from 2015

Net Income

Up

$151,298

Up $27,592 (+22%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$1,302,759
Liabilities$68,536
Net Assets$1,234,223
Open 2016 Filing

Operations Trend

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

2016

Revenue$499,166
Expenses$347,868
Net Income$151,298
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2015 to Apr 30, 2016
Signed
Sep 8, 2016
Return Version
2015v2.1
Gross Receipts
$499,166
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$714,754$700,713▼ $14,041
Savings and Temporary Cash Investments$405,399$406,896▲ $1,497
Cash and Non-Interest-Bearing Accounts$6,388$180,138▲ $173,750
Prepaid Expenses and Deferred Charges$10,610$9,124▼ $1,486
Accounts Receivable$5,961$5,888▼ $73
Total Assets$1,143,112$1,302,759▲ $159,647
Liabilities
Accounts Payable and Accrued Expenses$38,814$45,793▲ $6,979
Other Liabilities$21,373$22,743▲ $1,370
Total Liabilities$60,187$68,536▲ $8,349
Net Assets / Fund Balance
Unrestricted Net Assets$1,082,925$1,234,223▲ $151,298
Total Net Assets Fund Balance$1,082,925$1,234,223▲ $151,298
Total Liabilities and Net Assets / Fund Balance$1,143,112$1,302,759▲ $159,647

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$657,330$1,525,401$2,182,731
Other Land Buildings-$113,653$113,653
Equipment$1,104$101,959$103,063
Land$42,279-$42,279
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim SchaferPresident
Allen and Cheryl ArnoldDirector
Colleen AdamsDirector
Erynne ReyesDirector
Greg SalmonsenDirector
Inez DegenDirector
Joel EatonDirector
Linda JensenDirector
Norm and Vodi BalekDirector
Paul and Barb SlowinskiDirector
Rebecca KrenkeDirector
Theresa BrandonDirector
Dan AppelManaging Age
Bonnie NguyenSecretary
Arlan ThompsonVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$498,143
Investment Income
$1,023
Other Revenue
$0
Change in Net Assets
$151,298
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$299,217
Salaries, Compensation, and Employee Benefits$48,651
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$65,697--$65,697
Other Salaries and Wages$44,383--$44,383
Fees for Services Management-$40,228-$40,228
Depreciation Depletion$40,042--$40,042
Insurance$21,282--$21,282
All Other Expenses$17,920--$17,920
Other Expenses$10,566--$10,566
Payroll Taxes$3,415--$3,415
Office Expenses$3,352--$3,352
Fees for Services Accounting-$2,790-$2,790
Fees for Services Legal$1,341--$1,341
Advertising$882--$882
Other Employee Benefits$853--$853
Total Functional Expenses$304,850$43,018$0$347,868
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$21,465
Prepaid Revenue$1,278
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, 2016 and 2015, respectively. Management fee expense was 40,228 and 39,101 for the years ended april 30, 2016 and 2015, 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
Jim Schafer
Title
President
Signed
2016-09-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Schafer
Formed
1970
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
3

Preparer

Firm
Struss Cpas Pc
Address
PO BOX 372, OWATONNA, MN 55060
Preparer
Alan W Struss
Phone
5074510611
Raw XML Appendix380 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt038814
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt045793
IRS990/AccountsReceivableGrp/BOYAmt05961
IRS990/AccountsReceivableGrp/EOYAmt05888
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE HOUSING FOR CERTAIN DEFINED CLASSES OF PERSONS, INCLUDING THE ELDERLY AND HANDICAPPED, UNDER SECTION 8 OF THE NATIONAL HOUSING ACT.
IRS990/AdvertisingGrp/ProgramServicesAmt0882
IRS990/AdvertisingGrp/TotalAmt0882
IRS990/AllOtherExpensesGrp/ProgramServicesAmt017920
IRS990/AllOtherExpensesGrp/TotalAmt017920
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LIFE STYLE INC
IRS990/BooksInCareOfDetail/PhoneNum05074518524
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0311 N CEDAR
IRS990/BooksInCareOfDetail/USAddress/CityNm0OWATONNA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055060
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt06388
IRS990/CashNonInterestBearingGrp/EOYAmt0180138
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01023
IRS990/CYOtherExpensesAmt0299217
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0498143
IRS990/CYRevenuesLessExpensesAmt0151298
IRS990/CYSalariesCompEmpBnftPaidAmt048651
IRS990/CYTotalExpensesAmt0347868
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0499166
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt040042
IRS990/DepreciationDepletionGrp/TotalAmt040042
IRS990/Desc0RENTAL OF 76 UNIT APARTMENT BUILDING TO ELDERLY AND HANDICAPPED PURSUANT TO SECTION 8 OF THE NATIONAL HOUSING ACT.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0304850
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02790
IRS990/FeesForServicesAccountingGrp/TotalAmt02790
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01341
IRS990/FeesForServicesLegalGrp/TotalAmt01341
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt040228
IRS990/FeesForServicesManagementGrp/TotalAmt040228
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0REBECCA KRENKE
IRS990/Form990PartVIISectionAGrp/PersonNm1ALLEN AND CHERYL ARNOLD
IRS990/Form990PartVIISectionAGrp/PersonNm2PAUL AND BARB SLOWINSKI
IRS990/Form990PartVIISectionAGrp/PersonNm3INEZ DEGEN
IRS990/Form990PartVIISectionAGrp/PersonNm4NORM AND VODI BALEK
IRS990/Form990PartVIISectionAGrp/PersonNm5LINDA JENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm6GREG SALMONSEN
IRS990/Form990PartVIISectionAGrp/PersonNm7ERYNNE REYES
IRS990/Form990PartVIISectionAGrp/PersonNm8COLLEEN ADAMS
IRS990/Form990PartVIISectionAGrp/PersonNm9JOEL EATON
IRS990/Form990PartVIISectionAGrp/PersonNm10THERESA BRANDON
IRS990/Form990PartVIISectionAGrp/PersonNm11JIM SCHAFER
IRS990/Form990PartVIISectionAGrp/PersonNm12ARLAN THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm13DAN APPEL
IRS990/Form990PartVIISectionAGrp/PersonNm14BONNIE NGUYEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt13MANAGING AGE
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01970
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0499166
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt021282
IRS990/InsuranceGrp/TotalAmt021282
IRS990/InvestmentIncomeGrp/ExclusionAmt01023
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01023
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01741013
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0714754
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0700713
IRS990/LandBldgEquipCostOrOtherBssAmt02441726
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE HOUSING FOR CERTAIN DEFINED CLASSES OF PERSONS, INCLUDING THE ELDERLY AND HANDICAPPED, UNDER SECTION 8 OF THE NATIONAL HOUSING ACT.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01082925
IRS990/NetAssetsOrFundBalancesEOYAmt01234223
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt065697
IRS990/OccupancyGrp/TotalAmt065697
IRS990/OfficeExpensesGrp/ProgramServicesAmt03352
IRS990/OfficeExpensesGrp/TotalAmt03352
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0853
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0853
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1CONTRACTS
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt039544
IRS990/OtherExpensesGrp/ProgramServicesAmt138424
IRS990/OtherExpensesGrp/ProgramServicesAmt217149
IRS990/OtherExpensesGrp/ProgramServicesAmt310566
IRS990/OtherExpensesGrp/TotalAmt039544
IRS990/OtherExpensesGrp/TotalAmt138424
IRS990/OtherExpensesGrp/TotalAmt217149
IRS990/OtherExpensesGrp/TotalAmt310566
IRS990/OtherLiabilitiesGrp/BOYAmt021373
IRS990/OtherLiabilitiesGrp/EOYAmt022743
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt044383
IRS990/OtherSalariesAndWagesGrp/TotalAmt044383
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt03415
IRS990/PayrollTaxesGrp/TotalAmt03415
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010610
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09124
IRS990/PrincipalOfficerNm0JIM SCHAFER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0490679
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16323
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21141
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0490679
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21141
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01164
IRS990/PYOtherExpensesAmt0305120
IRS990/PYProgramServiceRevenueAmt0477124
IRS990/PYRevenuesLessExpensesAmt0123706
IRS990/PYSalariesCompEmpBnftPaidAmt049462
IRS990/PYTotalExpensesAmt0354582
IRS990/PYTotalRevenueAmt0478288
IRS990/ReconcilationRevenueExpnssAmt0151298
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0498143
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0405399
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0406896
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0657330
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01525401
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02182731
IRS990ScheduleD/EquipmentGrp/BookValueAmt01104
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0101959
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0103063
IRS990ScheduleD/LandGrp/BookValueAmt042279
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt042279
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0113653
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0113653
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021465
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11278
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0700713
IRS990ScheduleD/TotalLiabilityAmt022743
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, 2016 AND 2015, RESPECTIVELY. MANAGEMENT FEE EXPENSE WAS 40,228 AND 39,101 FOR THE YEARS ENDED APRIL 30, 2016 AND 2015, 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/TotalAssetsBOYAmt01143112
IRS990/TotalAssetsEOYAmt01302759
IRS990/TotalAssetsGrp/BOYAmt01143112
IRS990/TotalAssetsGrp/EOYAmt01302759
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043018
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0304850
IRS990/TotalFunctionalExpensesGrp/TotalAmt0347868
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt060187
IRS990/TotalLiabilitiesEOYAmt068536
IRS990/TotalLiabilitiesGrp/BOYAmt060187
IRS990/TotalLiabilitiesGrp/EOYAmt068536
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01082925
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01234223
IRS990/TotalProgramServiceExpensesAmt0304850
IRS990/TotalProgramServiceRevenueAmt0498143
IRS990/TotalRevenueGrp/ExclusionAmt01023
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0498143
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0499166
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01143112
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01302759
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01082925
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01234223
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM SCHAFER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-08
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/PreparationDt02016-09-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN W STRUSS
ReturnHeader/ReturnTs02016-09-15T13:10:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-05-01
ReturnHeader/TaxPeriodEndDt02016-04-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,302,759
Liabilities
$68,536
Net assets
$1,234,223
Revenue
$499,166
Expenses
$347,868
Net income
$151,298
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