Civic Intelligence

Bloomfield Community Housing C/O Right Way Mgmt Services LLC

990 • Fiscal year 2022 • EIN 23-7231221

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 14, 2023

Organization ProfileN/A
C/O Rightway Management ServicesMechanicsville, IA 52306

(563) 432-6160

Siviq Scores

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

Liabilities / Assets

95th percentile

0.92x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

1.74x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Net Margin

21st percentile

-11%

Higher net margin than 21% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Asset Growth

23rd percentile

-7.7%

Faster asset growth than 23% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

5.9%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$631,980

Down $52,749 (-7.7%) from 2021

Net Assets

Down

$52,002

Down $35,609 (-41%) from 2021

Liabilities

Down

$579,978

Down $17,140 (-2.9%) from 2021

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin21st percentile

Revenue

Up

$332,710

Up $18,679 (+5.9%) from 2021

Expenses

Up

$368,319

Up $29,043 (+8.6%) from 2021

Net Income

Down

-$35,609

Down $10,364 (-41%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$1.0M$500K$0Assets 2010: $631,406Liabilities 2010: $592,540Net Assets 2010: $38,8662010Assets 2011: $770,314Liabilities 2011: $697,759Net Assets 2011: $72,5552011Assets 2012: $788,452Liabilities 2012: $693,593Net Assets 2012: $94,8592012Assets 2013: $775,590Liabilities 2013: $689,081Net Assets 2013: $86,5092013Assets 2014: $778,112Liabilities 2014: $682,449Net Assets 2014: $95,6632014Assets 2015: $791,104Liabilities 2015: $676,005Net Assets 2015: $115,0992015Assets 2016: $819,140Liabilities 2016: $682,500Net Assets 2016: $136,6402016Assets 2017: $787,878Liabilities 2017: $657,014Net Assets 2017: $130,8642017Assets 2018: $762,028Liabilities 2018: $637,689Net Assets 2018: $124,3392018Assets 2019: $746,341Liabilities 2019: $624,851Net Assets 2019: $121,4902019Assets 2020: $721,662Liabilities 2020: $608,806Net Assets 2020: $112,8562020Assets 2021: $684,729Liabilities 2021: $597,118Net Assets 2021: $87,6112021Assets 2022: $631,980Liabilities 2022: $579,978Net Assets 2022: $52,0022022

Highlighted filing

2022

Assets$631,980
Liabilities$579,978
Net Assets$52,002
Open 2022 Filing

Operations Trend

Revenue Growth53rd percentile

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

$400K$200K$0-$200KExpenses 2010: $274,2932010Expenses 2011: $253,3572011Expenses 2012: $296,5652012Revenue 2013: $297,313Expenses 2013: $305,663Net Income 2013: -$8,3502013Revenue 2014: $303,714Expenses 2014: $294,560Net Income 2014: $9,1542014Revenue 2015: $307,333Expenses 2015: $287,897Net Income 2015: $19,4362015Revenue 2016: $310,512Expenses 2016: $288,971Net Income 2016: $21,5412016Revenue 2017: $299,811Expenses 2017: $305,587Net Income 2017: -$5,7762017Revenue 2018: $292,765Expenses 2018: $299,290Net Income 2018: -$6,5252018Revenue 2019: $309,412Expenses 2019: $312,261Net Income 2019: -$2,8492019Revenue 2020: $320,576Expenses 2020: $329,210Net Income 2020: -$8,6342020Revenue 2021: $314,031Expenses 2021: $339,276Net Income 2021: -$25,2452021Revenue 2022: $332,710Expenses 2022: $368,319Net Income 2022: -$35,6092022

Highlighted filing

2022

Revenue$332,710
Expenses$368,319
Net Income-$35,609
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 14, 2023
Return Version
2022v4.1
Gross Receipts
$332,710
Mission and Program Overview

Mission

Provide housing for low income elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$406,454$371,529▼ $34,925
Savings and Temporary Cash Investments$266,783$250,791▼ $15,992
Cash and Non-Interest-Bearing Accounts$8,905$8,623▼ $282
Prepaid Expenses and Deferred Charges$2,587$1,037▼ $1,550
Total Assets$684,729$631,980▼ $52,749
Liabilities
Mortgage Notes Payable Secured by Investment Property$554,846$536,394▼ $18,452
Accounts Payable and Accrued Expenses$23,187$24,516▲ $1,329
Other Liabilities$19,085$19,068▼ $17
Total Liabilities$597,118$579,978▼ $17,140
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$87,611$52,002▼ $35,609
Total Net Assets Fund Balance$87,611$52,002▼ $35,609
Total Liabilities and Net Assets / Fund Balance$684,729$631,980▼ $52,749

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$161,184$1,570,978$1,732,162
Equipment$176,230$379,499$555,729
Land$34,115-$34,115
Compensation and Service Providers
Top Officer Pay71st percentile

Board Members and Trustees

NameTitle
Tony SpargurPresident
Greg BengeDirector
Maryjo JohnsonDirector
Phyllis K BrideSecretary
Don WaltonTreasurer
Mary Lynn StufflebeamVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$331,773
Investment Income
$937
Other Revenue
$0
Change in Net Assets
$-35,609
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$368,319
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$213,353--$213,353
Depreciation Depletion$59,708--$59,708
Fees for Services Management-$49,980-$49,980
Interest$25,937--$25,937
Insurance$14,084--$14,084
Other Expenses-$2,919-$2,919
Advertising-$1,324-$1,324
Fees for Services Accounting-$1,014-$1,014
Total Functional Expenses$313,082$55,237$0$368,319
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$19,068
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
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

“Management duties have been contracted to rightway management services, llc of mechanicsville, iowa. Rightway's compensation is based on occupied units per month that are approved by usda rural development. Duties include accounting, accepting and approving tenant applications and other responsibilities included in an approved agreement with usda rural development.”

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

“A copy of the form 990 is provided to the management company and the president for review prior to submission to the irs.”

Form 990, Page 6, Part VI, Line 12C

“The organization's housing project is regulated by usda rural development. Usda rural development requires that every 3 years conflict of interest forms are completed by the organization.”

Form 990, Page 6, Part VI, Line 19

“The organizations governing documents, policies, and financial statements are available at the management companies address listed on the form 990.”

Filing and Contact Details

Filer

Filer Name
Bloomfield Community Housing
EIN
23-7231221
Phone
5634326160
Address
C/O RIGHTWAY MANAGEMENT SERVICES, MECHANICSVILLE, IA 52306

Signing Officer

Name
Tony Spargur
Title
President
Phone
5634326160
Signed
2023-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Spargur
Formed
1974
Legal Domicile
Ia
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Forge Financial & Management Consulting
Address
1245 JORDAN CREEK PKWY STE 100, WEST DES MOINES, IA 50266-2343
Preparer
Ross Vanlaar CPA
Phone
5156203050
Raw XML Appendix320 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DUTIES HAVE BEEN CONTRACTED TO RIGHTWAY MANAGEMENT SERVICES, LLC OF MECHANICSVILLE, IOWA. RIGHTWAY'S COMPENSATION IS BASED ON OCCUPIED UNITS PER MONTH THAT ARE APPROVED BY USDA RURAL DEVELOPMENT. DUTIES INCLUDE ACCOUNTING, ACCEPTING AND APPROVING TENANT APPLICATIONS AND OTHER RESPONSIBILITIES INCLUDED IN AN APPROVED AGREEMENT WITH USDA RURAL DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO THE MANAGEMENT COMPANY AND THE PRESIDENT FOR REVIEW PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S HOUSING PROJECT IS REGULATED BY USDA RURAL DEVELOPMENT. USDA RURAL DEVELOPMENT REQUIRES THAT EVERY 3 YEARS CONFLICT OF INTEREST FORMS ARE COMPLETED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE MANAGEMENT COMPANIES ADDRESS LISTED ON THE FORM 990.
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IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01754
IRS990/TotalProgramServiceExpensesAmt0313082
IRS990/TotalProgramServiceRevenueAmt0331773
IRS990/TotalRevenueGrp/ExclusionAmt06615
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0326095
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0332710
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0684729
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0631980
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IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/USAddress/CityNm0BLOOMFIELD
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IRS990/USAddress/ZIPCd052537
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IRS990/VotingMembersIndependentCnt06
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0TONY SPARGUR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05634326160
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLOOMFIELD COMMUNITY HOUSING
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ReturnHeader/Filer/PhoneNum05634326160
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O RIGHTWAY MANAGEMENT SERVICES
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01245 JORDAN CREEK PKWY STE 100
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0502662343
ReturnHeader/PreparerPersonGrp/PhoneNum05156203050
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROSS VANLAAR CPA
ReturnHeader/ReturnTs02023-03-17T15:23:19-04:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$631,980
Liabilities
$579,978
Net assets
$52,002
Revenue
$332,710
Expenses
$368,319
Net income
-$35,609
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$6.32$5.80$0.52$3.33$3.68$0.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.85$5.97$0.88$3.14$3.39$0.25
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.22$6.09$1.13$3.21$3.29$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.46$6.25$1.21$3.09$3.12$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.62$6.38$1.24$2.93$2.99$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.88$6.57$1.31$3.00$3.06$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.19$6.83$1.37$3.11$2.89$0.22
2015Detailed filing. Detailed filing data is available for this year.$7.91$6.76$1.15$3.07$2.88$0.19
2014Detailed filing. Detailed filing data is available for this year.$7.78$6.82$0.96$3.04$2.95$0.09
2013Detailed filing. Detailed filing data is available for this year.$7.76$6.89$0.87$2.97$3.06$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.88$6.94$0.95$2.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.70$6.98$0.73$2.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.31$5.93$0.39$2.74