Civic Intelligence

Schad Inc

990 • Fiscal year 2017 • EIN 23-7221931

May 01, 2016 to Apr 30, 2017 • Filed on Sep 02, 2017

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

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

53rd percentile

0.14x

Higher debt load relative to revenue than 53% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Net Margin

75th percentile

24%

Higher net margin than 75% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

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

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Asset Growth

72nd percentile

9.8%

Faster asset growth than 72% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

53rd percentile

3.6%

Faster revenue growth than 53% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$1,430,147

Up $127,388 (+9.8%) from 2016

Net Assets

Up

$1,358,712

Up $124,489 (+10%) from 2016

Liabilities

Up

$71,435

Up $2,899 (+4.2%) from 2016

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin75th percentile

Revenue

Up

$517,342

Up $18,176 (+3.6%) from 2016

Expenses

Up

$392,853

Up $44,985 (+13%) from 2016

Net Income

Down

$124,489

Down $26,809 (-18%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2017

Assets$1,430,147
Liabilities$71,435
Net Assets$1,358,712
Open 2017 Filing

Operations Trend

Revenue Growth53rd 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

2017

Revenue$517,342
Expenses$392,853
Net Income$124,489
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2016 to Apr 30, 2017
Signed
Sep 2, 2017
Return Version
2016v3.0
Gross Receipts
$517,342
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$700,713$696,937▼ $3,776
Savings and Temporary Cash Investments$406,896$408,277▲ $1,381
Cash and Non-Interest-Bearing Accounts$180,138$309,955▲ $129,817
Prepaid Expenses and Deferred Charges$9,124$9,374▲ $250
Accounts Receivable$5,888$5,604▼ $284
Total Assets$1,302,759$1,430,147▲ $127,388
Liabilities
Accounts Payable and Accrued Expenses$45,793$47,320▲ $1,527
Other Liabilities$22,743$24,115▲ $1,372
Total Liabilities$68,536$71,435▲ $2,899
Net Assets / Fund Balance
Unrestricted Net Assets$1,234,223$1,358,712▲ $124,489
Total Net Assets Fund Balance$1,234,223$1,358,712▲ $124,489
Total Liabilities and Net Assets / Fund Balance$1,302,759$1,430,147▲ $127,388

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$654,658$1,558,001$2,212,659
Other Land Buildings-$113,653$113,653
Equipment-$103,063$103,063
Land$42,279-$42,279
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Jim SchaferPresident
Colleen AdamsDirector
Dave and Kathy ChatelaineDirector
Erynne ReyesDirector
Greg SalmonsenDirector
Inez DegenDirector
Joel EatonDirector
Norm and Vodi BalekDirector
Pat and Dan KenowDirector
Paul SlowinskiDirector
Dan AppelManaging Age
Bonnie NguyenSecretary
Rebecca KrenkeTreasurer
Allen ArnoldVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$516,323
Investment Income
$1,019
Other Revenue
$0
Change in Net Assets
$124,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$336,267
Salaries, Compensation, and Employee Benefits$56,586
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$69,462--$69,462
Other Salaries and Wages$51,862--$51,862
All Other Expenses$49,063--$49,063
Fees for Services Management-$42,901-$42,901
Depreciation Depletion$33,705--$33,705
Other Expenses$22,696--$22,696
Insurance$20,288--$20,288
Payroll Taxes$4,067--$4,067
Fees for Services Accounting-$2,585-$2,585
Office Expenses$2,121--$2,121
Fees for Services Legal$1,212--$1,212
Advertising$946--$946
Other Employee Benefits$657--$657
Total Functional Expenses$347,367$45,486$0$392,853
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$21,887
Prepaid Revenue$2,228
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 approximately 8.0% of the property's rental income for the years ended april 30, 2017 and 2016, respectively. Management fee expense was 42,901 and 40,228 for the years ended april 30, 2017 and 2016, 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
2017-09-02
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

Preparer

Firm
Struss Cpas Pc
Address
PO BOX 372, OWATONNA, MN 55060
Preparer
Sarah M Struss
Phone
5074510611
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Administrative 22,641 0 0 supplies 16,244 0 0 garbage 3,512 0 0 heating/cooling repairs 3,113 0 0 snow removal 2,597 0 0 other taxes and licenses 956 0 0 total 49,063 0 0”

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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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0509024
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15629
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21670
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01023
IRS990/PYOtherExpensesAmt0299217
IRS990/PYProgramServiceRevenueAmt0498143
IRS990/PYRevenuesLessExpensesAmt0151298
IRS990/PYSalariesCompEmpBnftPaidAmt048651
IRS990/PYTotalExpensesAmt0347868
IRS990/PYTotalRevenueAmt0499166
IRS990/ReconcilationRevenueExpnssAmt0124489
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0516323
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0406896
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0408277
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0654658
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01558001
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02212659
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0103063
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0103063
IRS990ScheduleD/LandGrp/BookValueAmt042279
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt042279
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0113653
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0113653
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021887
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12228
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0696937
IRS990ScheduleD/TotalLiabilityAmt024115
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS MANAGED BY LIFE STYLE, INC. FOR A FEE OF APPROXIMATELY 8.0% OF THE PROPERTY'S RENTAL INCOME FOR THE YEARS ENDED APRIL 30, 2017 AND 2016, RESPECTIVELY. MANAGEMENT FEE EXPENSE WAS 42,901 AND 40,228 FOR THE YEARS ENDED APRIL 30, 2017 AND 2016, 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/ExplanationTxt3ADMINISTRATIVE 22,641 0 0 SUPPLIES 16,244 0 0 GARBAGE 3,512 0 0 HEATING/COOLING REPAIRS 3,113 0 0 SNOW REMOVAL 2,597 0 0 OTHER TAXES AND LICENSES 956 0 0 TOTAL 49,063 0 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01302759
IRS990/TotalAssetsEOYAmt01430147
IRS990/TotalAssetsGrp/BOYAmt01302759
IRS990/TotalAssetsGrp/EOYAmt01430147
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045486
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0347367
IRS990/TotalFunctionalExpensesGrp/TotalAmt0392853
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt068536
IRS990/TotalLiabilitiesEOYAmt071435
IRS990/TotalLiabilitiesGrp/BOYAmt068536
IRS990/TotalLiabilitiesGrp/EOYAmt071435
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01234223
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01358712
IRS990/TotalProgramServiceExpensesAmt0347367
IRS990/TotalProgramServiceRevenueAmt0516323
IRS990/TotalRevenueGrp/ExclusionAmt01019
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0516323
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0517342
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01302759
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01430147
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01234223
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01358712
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/SignatureDt02017-09-02
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/FilingSecurityInformation/AtSubmissionCreationDeviceId089728C91B6407C79BA4CB3B1DFE01927817E2ED2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId089728C91B6407C79BA4CB3B1DFE01927817E2ED2
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/PreparationDt02017-09-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARAH M STRUSS
ReturnHeader/ReturnTs02017-09-07T13:46:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-05-01
ReturnHeader/TaxPeriodEndDt02017-04-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,430,147
Liabilities
$71,435
Net assets
$1,358,712
Revenue
$517,342
Expenses
$392,853
Net income
$124,489
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