Civic Intelligence

Monroe Senior Housing Inc

990 • Fiscal year 2019 • EIN 23-7339403

Jan 01, 2019 to Dec 31, 2019 • Filed on Jan 29, 2020

Organization ProfileN/A
PO Box 460Mechanicsville, 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

0.98x

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

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

6.03x

Higher debt load relative to revenue than 98% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Net Margin

50th percentile

6.6%

Higher net margin than 50% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Asset Growth

39th percentile

0.1%

Faster asset growth than 39% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

5.8%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$601,658

Up $588 (+0.1%) from 2018

Net Assets

Up

$11,321

Up $6,447 (+132%) from 2018

Liabilities

Down

$590,337

Down $5,859 (-1.0%) from 2018

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin50th percentile

Revenue

Up

$97,916

Up $5,326 (+5.8%) from 2018

Expenses

Up

$91,469

Up $537 (+0.6%) from 2018

Net Income

Up

$6,447

Up $4,789 (+289%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$800K$600K$400K$200K$0-$200KAssets 2010: $643,436Liabilities 2010: $640,582Net Assets 2010: $2,8542010Assets 2011: $616,007Liabilities 2011: $635,644Net Assets 2011: -$19,6372011Assets 2012: $622,520Liabilities 2012: $631,718Net Assets 2012: -$9,1982012Assets 2013: $621,249Liabilities 2013: $627,534Net Assets 2013: -$6,2852013Assets 2014: $613,243Liabilities 2014: $619,484Net Assets 2014: -$6,2412014Assets 2015: $617,947Liabilities 2015: $615,743Net Assets 2015: $2,2042015Assets 2016: $617,241Liabilities 2016: $608,145Net Assets 2016: $9,0962016Assets 2017: $605,916Liabilities 2017: $602,700Net Assets 2017: $3,2162017Assets 2018: $601,070Liabilities 2018: $596,196Net Assets 2018: $4,8742018Assets 2019: $601,658Liabilities 2019: $590,337Net Assets 2019: $11,3212019Assets 2020: $599,360Liabilities 2020: $582,552Net Assets 2020: $16,8082020Assets 2021: $586,717Liabilities 2021: $577,372Net Assets 2021: $9,3452021Assets 2022: $568,135Liabilities 2022: $567,600Net Assets 2022: $5352022Assets 2023: $542,594Liabilities 2023: $559,713Net Assets 2023: -$17,1192023Assets 2024: $499,479Liabilities 2024: $557,871Net Assets 2024: -$58,3922024

Highlighted filing

2019

Assets$601,658
Liabilities$590,337
Net Assets$11,321
Open 2019 Filing

Operations Trend

Revenue Growth59th percentile

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

$150K$100K$50K$0-$50KExpenses 2010: $64,7682010Expenses 2011: $80,1692011Expenses 2012: $86,4152012Revenue 2013: $99,576Expenses 2013: $96,663Net Income 2013: $2,9132013Revenue 2014: $96,403Expenses 2014: $96,359Net Income 2014: $442014Revenue 2015: $99,907Expenses 2015: $91,462Net Income 2015: $8,4452015Revenue 2016: $91,693Expenses 2016: $84,801Net Income 2016: $6,8922016Revenue 2017: $90,933Expenses 2017: $96,813Net Income 2017: -$5,8802017Revenue 2018: $92,590Expenses 2018: $90,932Net Income 2018: $1,6582018Revenue 2019: $97,916Expenses 2019: $91,469Net Income 2019: $6,4472019Revenue 2020: $94,923Expenses 2020: $89,436Net Income 2020: $5,4872020Revenue 2021: $96,513Expenses 2021: $103,976Net Income 2021: -$7,4632021Revenue 2022: $94,940Expenses 2022: $103,750Net Income 2022: -$8,8102022Revenue 2023: $98,354Expenses 2023: $116,008Net Income 2023: -$17,6542023Revenue 2024: $103,768Expenses 2024: $145,041Net Income 2024: -$41,2732024

Highlighted filing

2019

Revenue$97,916
Expenses$91,469
Net Income$6,447
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jan 29, 2020
Return Version
2019v5.0
Gross Receipts
$97,916
Mission and Program Overview

Mission

The corporation was organized for the purpose of acquiring, constructing and operating rental housing and related facilities for the living requirements of elderly rural residents of low or moderate income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$507,384$489,245▼ $18,139
Savings and Temporary Cash Investments$82,064$101,863▲ $19,799
Cash and Non-Interest-Bearing Accounts$11,622$10,550▼ $1,072
Total Assets$601,070$601,658▲ $588
Liabilities
Mortgage Notes Payable Secured by Investment Property$591,739$584,690▼ $7,049
Other Liabilities$4,457$5,647▲ $1,190
Total Liabilities$596,196$590,337▼ $5,859
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,874$11,321▲ $6,447
Total Net Assets Fund Balance$4,874$11,321▲ $6,447
Total Liabilities and Net Assets / Fund Balance$601,070$601,658▲ $588

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$461,125$258,457$719,582
Equipment$5,685$44,036$49,721
Land$22,435-$22,435
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Cary DiekemaPresident
Andrea SteenhoekDirector
Dave Van VeenDirector
Donna Van VeenSecretary
Jim BandstraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$97,906
Investment Income
$10
Other Revenue
$0
Change in Net Assets
$6,447
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,469
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
Interest$32,455--$32,455
Occupancy$20,524--$20,524
Depreciation Depletion$18,139--$18,139
Fees for Services Management-$13,708-$13,708
Insurance$5,594--$5,594
Fees for Services Accounting-$888-$888
Office Expenses-$111-$111
Advertising-$50-$50
Total Functional Expenses$76,712$14,757$0$91,469
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
Security Deposit Liability$5,647
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 2

“Cary diekema darrell hjortshoj president vp related dave van veen donna van veen director secretary related”

Form 990, Page 6, Part VI, Line 3

“Management duties have been contracted to right way management services, llc of mechanicsville, iowa. Right way'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 8B

“The board of directors meet quarterly and minutes of each meeting are maintained. There are no committees that report to the board.”

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

“The 990 will be reviewed by the management company and then a copy is given to the board for review. An officer of the board will sign the authorization to electronically file the 990.”

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 company's address listed on the form 990.”

Filing and Contact Details

Filer

Filer Name
Monroe Senior Housing Inc
EIN
23-7339403
Phone
5634326160
Address
PO BOX 460, MECHANICSVILLE, IA 52306

Signing Officer

Name
Cary Diekema
Title
President
Phone
5639423370
Signed
2020-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cary Diekema
Formed
1976
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Tdt Cpas and Advisors Pc
Address
1700 42ND ST NE, CEDAR RAPIDS, IA 52402
Preparer
Ross Vanlaar CPA
Phone
3193932374
Raw XML Appendix304 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/ExplanationTxt0CARY DIEKEMA DARRELL HJORTSHOJ PRESIDENT VP RELATED DAVE VAN VEEN DONNA VAN VEEN DIRECTOR SECRETARY RELATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT DUTIES HAVE BEEN CONTRACTED TO RIGHT WAY MANAGEMENT SERVICES, LLC OF MECHANICSVILLE, IOWA. RIGHT WAY'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/ExplanationTxt2THE BOARD OF DIRECTORS MEET QUARTERLY AND MINUTES OF EACH MEETING ARE MAINTAINED. THERE ARE NO COMMITTEES THAT REPORT TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 WILL BE REVIEWED BY THE MANAGEMENT COMPANY AND THEN A COPY IS GIVEN TO THE BOARD FOR REVIEW. AN OFFICER OF THE BOARD WILL SIGN THE AUTHORIZATION TO ELECTRONICALLY FILE THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5THE ORGANIZATIONS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE MANAGEMENT COMPANY'S ADDRESS LISTED ON THE FORM 990.
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0601070
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0601658
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0MECHANICSVILLE
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IRS990/VotingMembersIndependentCnt05
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05639423370
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MONROE SENIOR HOUSING INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O RIGHT WAY MANAGEMENT SERVICES
ReturnHeader/Filer/BusinessNameControlTxt0MONR
ReturnHeader/Filer/EIN0237339403
ReturnHeader/Filer/PhoneNum05634326160
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02020-01-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:26:41
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421029744
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TDT CPAS AND ADVISORS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01700 42ND ST NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CEDAR RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
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ReturnHeader/PreparerPersonGrp/PhoneNum03193932374
ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROSS VANLAAR CPA
ReturnHeader/ReturnTs02020-01-30T16:26:41-06:00
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ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$601,658
Liabilities
$590,337
Net assets
$11,321
Revenue
$97,916
Expenses
$91,469
Net income
$6,447
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.99$5.58$0.58$1.04$1.45$0.41
2023Detailed filing. Detailed filing data is available for this year.$5.43$5.60$0.17$0.98$1.16$0.18
2022Detailed filing. Detailed filing data is available for this year.$5.68$5.68$0.01$0.95$1.04$0.09
2021Detailed filing. Detailed filing data is available for this year.$5.87$5.77$0.09$0.97$1.04$0.07
2020Detailed filing. Detailed filing data is available for this year.$5.99$5.83$0.17$0.95$0.89$0.05
2019Detailed filing. Detailed filing data is available for this year.$6.02$5.90$0.11$0.98$0.91$0.06
2018Detailed filing. Detailed filing data is available for this year.$6.01$5.96$0.05$0.93$0.91$0.02
2017Detailed filing. Detailed filing data is available for this year.$6.06$6.03$0.03$0.91$0.97$0.06
2016Detailed filing. Detailed filing data is available for this year.$6.17$6.08$0.09$0.92$0.85$0.07
2015Detailed filing. Detailed filing data is available for this year.$6.18$6.16$0.02$1.00$0.91$0.08
2014Detailed filing. Detailed filing data is available for this year.$6.13$6.19$0.06$0.96$0.96$0.00
2013Detailed filing. Detailed filing data is available for this year.$6.21$6.28$0.06$1.00$0.97$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.23$6.32$0.09$0.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.16$6.36$0.20$0.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.43$6.41$0.03$0.65