Civic Intelligence

Schad Inc

990 • Fiscal year 2021 • EIN 23-7221931

May 01, 2020 to Apr 30, 2021 • Filed on Jul 23, 2021

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

49th percentile

0.04x

Higher debt load relative to assets than 49% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

53rd percentile

0.10x

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

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Net Margin

73rd percentile

34%

Higher net margin than 73% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Asset Growth

70th percentile

15%

Faster asset growth than 70% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

1.4%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$2,092,716

Up $276,025 (+15%) from 2020

Net Assets

Up

$2,009,766

Up $268,841 (+15%) from 2020

Liabilities

Up

$82,950

Up $7,184 (+9.5%) from 2020

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin73rd percentile

Revenue

Up

$801,082

Up $11,209 (+1.4%) from 2020

Expenses

Down

$532,241

Down $27,934 (-5.0%) from 2020

Net Income

Up

$268,841

Up $39,143 (+17%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2021

Assets$2,092,716
Liabilities$82,950
Net Assets$2,009,766
Open 2021 Filing

Operations Trend

Revenue Growth40th 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

2021

Revenue$801,082
Expenses$532,241
Net Income$268,841
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2020 to Apr 30, 2021
Signed
Jul 23, 2021
Return Version
2020v4.0
Gross Receipts
$801,082
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
Savings and Temporary Cash Investments$414,393$925,642▲ $511,249
Land, Buildings, and Equipment, Net$886,461$833,567▼ $52,894
Cash and Non-Interest-Bearing Accounts$504,856$320,330▼ $184,526
Prepaid Expenses and Deferred Charges$9,790$9,503▼ $287
Accounts Receivable$1,191$3,674▲ $2,483
Total Assets$1,816,691$2,092,716▲ $276,025
Liabilities
Accounts Payable and Accrued Expenses$49,637$53,217▲ $3,580
Other Liabilities$26,129$29,733▲ $3,604
Total Liabilities$75,766$82,950▲ $7,184
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,740,925$2,009,766▲ $268,841
Total Net Assets Fund Balance$1,740,925$2,009,766▲ $268,841
Total Liabilities and Net Assets / Fund Balance$1,816,691$2,092,716▲ $276,025

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$693,582$1,712,810$2,406,392
Other Land Buildings$97,707$138,790$236,497
Equipment-$80,873$80,873
Land$42,279-$42,279
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Joel EatonPresident
Allen ArnoldDirector
Dean JirousekDirector
Diane KaplanDirector
Greg EvansDirector
Linda JensenDirector
Linda and Gary SiglerDirector
Norm and Vodi BalekDirector
Pat and Dan KenowDirector
Sandra WaltonDirector
Dan AppelManaging Age
Bonnie NguyenSecretary
Judy PetersonTreasurer
Dave and Kathy ChatelaineVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$793,829
Investment Income
$7,253
Other Revenue
$0
Change in Net Assets
$268,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$489,568
Salaries, Compensation, and Employee Benefits$42,673
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$69,966-$69,966
Occupancy$61,389--$61,389
Depreciation Depletion$52,896--$52,896
All Other Expenses$49,989--$49,989
Other Salaries and Wages$41,772--$41,772
Other Expenses$22,661--$22,661
Insurance$21,110--$21,110
Advertising$3,070--$3,070
Office Expenses$3,045--$3,045
Fees for Services Accounting-$2,625-$2,625
Other Employee Benefits$740--$740
Payroll Taxes$161--$161
Total Functional Expenses$459,650$72,591$0$532,241
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$26,171
Prepaid Revenue$3,562
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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, 2021 and 2020, respectively. Management fee expense was 69,966 and 71,575 for the years ended april 30, 2021 and 2020, 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
Joel Eaton
Title
President
Signed
2021-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Eaton
Formed
1970
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
2

Preparer

Firm
Struss Cpas Pc
Address
PO BOX 372, OWATONNA, MN 55060
Preparer
Sarah M Struss
Phone
5074510611
Raw XML Appendix379 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/BOYAmt049637
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt053217
IRS990/AccountsReceivableGrp/BOYAmt01191
IRS990/AccountsReceivableGrp/EOYAmt03674
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/ProgramServicesAmt03070
IRS990/AdvertisingGrp/TotalAmt03070
IRS990/AllOtherExpensesGrp/ProgramServicesAmt049989
IRS990/AllOtherExpensesGrp/TotalAmt049989
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/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0504856
IRS990/CashNonInterestBearingGrp/EOYAmt0320330
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/CYInvestmentIncomeAmt07253
IRS990/CYOtherExpensesAmt0489568
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0793829
IRS990/CYRevenuesLessExpensesAmt0268841
IRS990/CYSalariesCompEmpBnftPaidAmt042673
IRS990/CYTotalExpensesAmt0532241
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0801082
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt052896
IRS990/DepreciationDepletionGrp/TotalAmt052896
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/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0459650
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02625
IRS990/FeesForServicesAccountingGrp/TotalAmt02625
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt069966
IRS990/FeesForServicesManagementGrp/TotalAmt069966
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/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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/PersonNm0ALLEN ARNOLD
IRS990/Form990PartVIISectionAGrp/PersonNm1NORM AND VODI BALEK
IRS990/Form990PartVIISectionAGrp/PersonNm2GREG EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm3LINDA JENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm4DEAN JIROUSEK
IRS990/Form990PartVIISectionAGrp/PersonNm5DIANE KAPLAN
IRS990/Form990PartVIISectionAGrp/PersonNm6PAT AND DAN KENOW
IRS990/Form990PartVIISectionAGrp/PersonNm7LINDA AND GARY SIGLER
IRS990/Form990PartVIISectionAGrp/PersonNm8SANDRA WALTON
IRS990/Form990PartVIISectionAGrp/PersonNm9DAN APPEL
IRS990/Form990PartVIISectionAGrp/PersonNm10DAVE AND KATHY CHATELAINE
IRS990/Form990PartVIISectionAGrp/PersonNm11JOEL EATON
IRS990/Form990PartVIISectionAGrp/PersonNm12BONNIE NGUYEN
IRS990/Form990PartVIISectionAGrp/PersonNm13JUDY PETERSON
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/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/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/TitleTxt9MANAGING AGE
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01970
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt07000
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt07000
IRS990/GrossReceiptsAmt0801082
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt014
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt021110
IRS990/InsuranceGrp/TotalAmt021110
IRS990/InvestmentIncomeGrp/ExclusionAmt0253
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0253
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01932474
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0886461
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0833567
IRS990/LandBldgEquipCostOrOtherBssAmt02766041
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/NetAssetsOrFundBalancesBOYAmt01740925
IRS990/NetAssetsOrFundBalancesEOYAmt02009766
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt07000
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07000
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01740925
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02009766
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt061389
IRS990/OccupancyGrp/TotalAmt061389
IRS990/OfficeExpensesGrp/ProgramServicesAmt03045
IRS990/OfficeExpensesGrp/TotalAmt03045
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0740
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0740
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3ADMINISTRATIVE
IRS990/OtherExpensesGrp/ProgramServicesAmt0136269
IRS990/OtherExpensesGrp/ProgramServicesAmt143826
IRS990/OtherExpensesGrp/ProgramServicesAmt222722
IRS990/OtherExpensesGrp/ProgramServicesAmt322661
IRS990/OtherExpensesGrp/TotalAmt0136269
IRS990/OtherExpensesGrp/TotalAmt143826
IRS990/OtherExpensesGrp/TotalAmt222722
IRS990/OtherExpensesGrp/TotalAmt322661
IRS990/OtherLiabilitiesGrp/BOYAmt026129
IRS990/OtherLiabilitiesGrp/EOYAmt029733
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt041772
IRS990/OtherSalariesAndWagesGrp/TotalAmt041772
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0161
IRS990/PayrollTaxesGrp/TotalAmt0161
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09790
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09503
IRS990/PrincipalOfficerNm0JOEL EATON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0786096
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15681
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22052
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0786096
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15681
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22052
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0857
IRS990/PYOtherExpensesAmt0522134
IRS990/PYProgramServiceRevenueAmt0789016
IRS990/PYRevenuesLessExpensesAmt0229698
IRS990/PYSalariesCompEmpBnftPaidAmt038041
IRS990/PYTotalExpensesAmt0560175
IRS990/PYTotalRevenueAmt0789873
IRS990/ReconcilationRevenueExpnssAmt0268841
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0793828
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0414393
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0925642
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0693582
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01712810
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02406392
IRS990ScheduleD/EquipmentGrp/DepreciationAmt080873
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080873
IRS990ScheduleD/LandGrp/BookValueAmt042279
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt042279
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt097707
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0138790
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0236497
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026171
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13562
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0833568
IRS990ScheduleD/TotalLiabilityAmt029733
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, 2021 AND 2020, RESPECTIVELY. MANAGEMENT FEE EXPENSE WAS 69,966 AND 71,575 FOR THE YEARS ENDED APRIL 30, 2021 AND 2020, 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01816691
IRS990/TotalAssetsEOYAmt02092716
IRS990/TotalAssetsGrp/BOYAmt01816691
IRS990/TotalAssetsGrp/EOYAmt02092716
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt072591
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0459650
IRS990/TotalFunctionalExpensesGrp/TotalAmt0532241
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt075766
IRS990/TotalLiabilitiesEOYAmt082950
IRS990/TotalLiabilitiesGrp/BOYAmt075766
IRS990/TotalLiabilitiesGrp/EOYAmt082950
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01740925
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02009766
IRS990/TotalProgramServiceExpensesAmt0459650
IRS990/TotalProgramServiceRevenueAmt0793829
IRS990/TotalRevenueGrp/ExclusionAmt0253
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0800829
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0801082
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01816691
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02092716
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOEL EATON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-23
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/PreparationDt02021-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARAH M STRUSS
ReturnHeader/ReturnTs02021-09-02T08:17:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0EATON
ReturnHeader/TaxPeriodBeginDt02020-05-01
ReturnHeader/TaxPeriodEndDt02021-04-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,092,716
Liabilities
$82,950
Net assets
$2,009,766
Revenue
$801,082
Expenses
$532,241
Net income
$268,841
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