Civic Intelligence

Schad Inc

990 • Fiscal year 2019 • EIN 23-7221931

May 01, 2018 to Apr 30, 2019 • Filed on Oct 17, 2019

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

47th percentile

0.04x

Higher debt load relative to assets than 47% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

54th percentile

0.12x

Higher debt load relative to revenue than 54% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Net Margin

59th percentile

12%

Higher net margin than 59% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

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.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Asset Growth

52nd percentile

3.6%

Faster asset growth than 52% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

4.0%

Faster revenue growth than 55% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$1,577,538

Up $54,417 (+3.6%) from 2018

Net Assets

Up

$1,511,227

Up $62,790 (+4.3%) from 2018

Liabilities

Down

$66,311

Down $8,373 (-11%) from 2018

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin59th percentile

Revenue

Up

$538,163

Up $20,682 (+4.0%) from 2018

Expenses

Up

$475,373

Up $47,617 (+11%) from 2018

Net Income

Down

$62,790

Down $26,935 (-30%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2019

Assets$1,577,538
Liabilities$66,311
Net Assets$1,511,227
Open 2019 Filing

Operations Trend

Revenue Growth55th 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

2019

Revenue$538,163
Expenses$475,373
Net Income$62,790
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2018 to Apr 30, 2019
Signed
Oct 17, 2019
Return Version
2018v3.1
Gross Receipts
$538,163
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$790,088$801,039▲ $10,951
Savings and Temporary Cash Investments$410,947$412,595▲ $1,648
Cash and Non-Interest-Bearing Accounts$311,660$317,647▲ $5,987
Accounts Receivable$893$36,823▲ $35,930
Prepaid Expenses and Deferred Charges$9,533$9,434▼ $99
Total Assets$1,523,121$1,577,538▲ $54,417
Liabilities
Accounts Payable and Accrued Expenses$51,284$41,022▼ $10,262
Other Liabilities$23,400$25,289▲ $1,889
Total Liabilities$74,684$66,311▼ $8,373
Net Assets / Fund Balance
Unrestricted Net Assets$1,448,437$1,511,227▲ $62,790
Total Net Assets Fund Balance$1,448,437$1,511,227▲ $62,790
Total Liabilities and Net Assets / Fund Balance$1,523,121$1,577,538▲ $54,417

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$644,673$1,626,074$2,270,747
Other Land Buildings$114,087$122,410$236,497
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
Greg EvansDirector
Janet SorensonDirector
Joel EatonDirector
Judy PetersonDirector
Linda JensenDirector
Linda and Gary SiglerDirector
Norm and Vodi BalekDirector
Pat and Dan KenowDirector
Sandra WaltonDirector
Dan AppelManaging Age
Bonnie NguyenSecretary
Allen ArnoldVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$537,131
Investment Income
$1,032
Other Revenue
$0
Change in Net Assets
$62,790
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$437,942
Salaries, Compensation, and Employee Benefits$37,431
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$58,794--$58,794
All Other Expenses$52,031--$52,031
Fees for Services Management-$45,543-$45,543
Depreciation Depletion$41,955--$41,955
Other Salaries and Wages$34,578--$34,578
Other Expenses$25,106--$25,106
Insurance$20,685--$20,685
Fees for Services Accounting-$2,585-$2,585
Payroll Taxes$2,407--$2,407
Office Expenses$1,543--$1,543
Advertising$599--$599
Other Employee Benefits$446--$446
Total Functional Expenses$427,245$48,128$0$475,373
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$23,961
Prepaid Revenue$1,328
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, 2019 and 2018, respectively. Management fee expense was 45,543 and 44,520 for the years ended april 30, 2019 and 2018, 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
2019-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Schafer
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
Sarah M Struss
Phone
5074510611
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Administrative 21,899 0 0 snow removal 16,721 0 0 heating/cooling repairs 5,429 0 0 garbage 4,842 0 0 security and safety 2,498 0 0 seminars/training 442 0 0 other taxes and licenses 200 0 0 total 52,031 0 0”

Raw XML Appendix390 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/BOYAmt051284
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt041022
IRS990/AccountsReceivableGrp/BOYAmt0893
IRS990/AccountsReceivableGrp/EOYAmt036823
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/ProgramServicesAmt0599
IRS990/AdvertisingGrp/TotalAmt0599
IRS990/AllOtherExpensesGrp/ProgramServicesAmt052031
IRS990/AllOtherExpensesGrp/TotalAmt052031
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/BOYAmt0311660
IRS990/CashNonInterestBearingGrp/EOYAmt0317647
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/CYInvestmentIncomeAmt01032
IRS990/CYOtherExpensesAmt0437942
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0537131
IRS990/CYRevenuesLessExpensesAmt062790
IRS990/CYSalariesCompEmpBnftPaidAmt037431
IRS990/CYTotalExpensesAmt0475373
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0538163
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt041955
IRS990/DepreciationDepletionGrp/TotalAmt041955
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/ExpenseAmt0427245
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02585
IRS990/FeesForServicesAccountingGrp/TotalAmt02585
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt045543
IRS990/FeesForServicesManagementGrp/TotalAmt045543
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/PersonNm0SANDRA WALTON
IRS990/Form990PartVIISectionAGrp/PersonNm1JUDY PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm2NORM AND VODI BALEK
IRS990/Form990PartVIISectionAGrp/PersonNm3PAT AND DAN KENOW
IRS990/Form990PartVIISectionAGrp/PersonNm4GREG EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm5JANET SORENSON
IRS990/Form990PartVIISectionAGrp/PersonNm6COLLEEN ADAMS
IRS990/Form990PartVIISectionAGrp/PersonNm7JOEL EATON
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVE AND KATHY CHATELAINE
IRS990/Form990PartVIISectionAGrp/PersonNm9LINDA JENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm10LINDA AND GARY SIGLER
IRS990/Form990PartVIISectionAGrp/PersonNm11JIM SCHAFER
IRS990/Form990PartVIISectionAGrp/PersonNm12ALLEN ARNOLD
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/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0538163
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt020685
IRS990/InsuranceGrp/TotalAmt020685
IRS990/InvestmentIncomeGrp/ExclusionAmt01032
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01032
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01851547
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0790088
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0801039
IRS990/LandBldgEquipCostOrOtherBssAmt02652586
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/NetAssetsOrFundBalancesBOYAmt01448437
IRS990/NetAssetsOrFundBalancesEOYAmt01511227
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt058794
IRS990/OccupancyGrp/TotalAmt058794
IRS990/OfficeExpensesGrp/ProgramServicesAmt01543
IRS990/OfficeExpensesGrp/TotalAmt01543
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0446
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0446
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2OPERATING AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0120691
IRS990/OtherExpensesGrp/ProgramServicesAmt141238
IRS990/OtherExpensesGrp/ProgramServicesAmt227172
IRS990/OtherExpensesGrp/ProgramServicesAmt325106
IRS990/OtherExpensesGrp/TotalAmt0120691
IRS990/OtherExpensesGrp/TotalAmt141238
IRS990/OtherExpensesGrp/TotalAmt227172
IRS990/OtherExpensesGrp/TotalAmt325106
IRS990/OtherLiabilitiesGrp/BOYAmt023400
IRS990/OtherLiabilitiesGrp/EOYAmt025289
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt034578
IRS990/OtherSalariesAndWagesGrp/TotalAmt034578
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt02407
IRS990/PayrollTaxesGrp/TotalAmt02407
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09533
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09434
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/RelatedOrExemptFuncIncomeAmt0525986
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16809
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24336
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0525986
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16809
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24336
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01023
IRS990/PYOtherExpensesAmt0376279
IRS990/PYProgramServiceRevenueAmt0516458
IRS990/PYRevenuesLessExpensesAmt089725
IRS990/PYSalariesCompEmpBnftPaidAmt051477
IRS990/PYTotalExpensesAmt0427756
IRS990/PYTotalRevenueAmt0517481
IRS990/ReconcilationRevenueExpnssAmt062790
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0537131
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0410947
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0412595
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0644673
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01626074
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02270747
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0103063
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0103063
IRS990ScheduleD/LandGrp/BookValueAmt042279
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt042279
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0114087
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0122410
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0236497
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023961
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11328
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0801039
IRS990ScheduleD/TotalLiabilityAmt025289
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, 2019 AND 2018, RESPECTIVELY. MANAGEMENT FEE EXPENSE WAS 45,543 AND 44,520 FOR THE YEARS ENDED APRIL 30, 2019 AND 2018, 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 21,899 0 0 SNOW REMOVAL 16,721 0 0 HEATING/COOLING REPAIRS 5,429 0 0 GARBAGE 4,842 0 0 SECURITY AND SAFETY 2,498 0 0 SEMINARS/TRAINING 442 0 0 OTHER TAXES AND LICENSES 200 0 0 TOTAL 52,031 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01523121
IRS990/TotalAssetsEOYAmt01577538
IRS990/TotalAssetsGrp/BOYAmt01523121
IRS990/TotalAssetsGrp/EOYAmt01577538
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048128
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0427245
IRS990/TotalFunctionalExpensesGrp/TotalAmt0475373
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt074684
IRS990/TotalLiabilitiesEOYAmt066311
IRS990/TotalLiabilitiesGrp/BOYAmt074684
IRS990/TotalLiabilitiesGrp/EOYAmt066311
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01448437
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01511227
IRS990/TotalProgramServiceExpensesAmt0427245
IRS990/TotalProgramServiceRevenueAmt0537131
IRS990/TotalRevenueGrp/ExclusionAmt01032
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0537131
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0538163
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01523121
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01577538
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01448437
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01511227
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM SCHAFER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-17
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/AtSubmissionCreationDeviceId0A197DD141CA83CD1A41AB3D1343B191851954820
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId062F2375D74705E4D7521E9ED1121497C80C79244
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02019-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm008:26:18
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/PreparationDt02019-10-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARAH M STRUSS
ReturnHeader/ReturnTs02019-11-13T08:26:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-05-01
ReturnHeader/TaxPeriodEndDt02019-04-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,577,538
Liabilities
$66,311
Net assets
$1,511,227
Revenue
$538,163
Expenses
$475,373
Net income
$62,790
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