Civic Intelligence

Genesis Development

990 • Fiscal year 2021 • EIN 23-7363533

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 01, 2021

927 8th StreetBoone, IA 50036

(515) 246-5877

Siviq Scores

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

Liabilities / Assets

98th percentile

1.70x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

100th percentile

3590%

Higher net margin than 100% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

1st percentile

-46%

Faster asset growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2021

Assets

Down

$1,989,905

Down $2,137,246 (-52%) from 2020

Net Assets

Down

-$1,385,412

Down $1,774,284 (-456%) from 2020

Liabilities

Down

$3,375,317

Down $362,962 (-9.7%) from 2020

Revenue

Down

-$49,428

Down $7,402,805 (-101%) from 2020

Expenses

Down

$1,724,856

Down $7,499,649 (-81%) from 2020

Net Income

Up

-$1,774,284

Up $96,844 (+5.2%) from 2020

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $6,998,574Liabilities 2011: $4,411,455Net Assets 2011: $2,587,1192011Assets 2012: $6,934,793Liabilities 2012: $4,369,634Net Assets 2012: $2,565,1592012Assets 2013: $6,432,183Liabilities 2013: $3,921,640Net Assets 2013: $2,510,5432013Assets 2014: $6,358,477Liabilities 2014: $4,159,006Net Assets 2014: $2,199,4712014Assets 2015: $6,477,711Liabilities 2015: $3,858,462Net Assets 2015: $2,619,2492015Assets 2016: $7,731,421Liabilities 2016: $3,668,240Net Assets 2016: $4,063,1812016Assets 2017: $8,358,499Liabilities 2017: $3,313,218Net Assets 2017: $5,045,2812017Assets 2018: $8,990,014Liabilities 2018: $5,325,183Net Assets 2018: $3,664,8312018Assets 2019: $6,754,022Liabilities 2019: $5,403,842Net Assets 2019: $1,350,1802019Assets 2020: $4,127,151Liabilities 2020: $3,738,279Net Assets 2020: $388,8722020Assets 2021: $1,989,905Liabilities 2021: $3,375,317Net Assets 2021: -$1,385,4122021Assets 2022: $121,363Liabilities 2022: $2,822,637Net Assets 2022: -$2,701,2742022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2021

Assets$1,989,905
Liabilities$3,375,317
Net Assets-$1,385,412

Operations Trend

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

$20M$10M$0-$10MExpenses 2011: $12,454,6842011Expenses 2012: $13,550,0452012Expenses 2013: $14,369,1382013Revenue 2014: $15,689,565Expenses 2014: $16,000,637Net Income 2014: -$311,0722014Revenue 2015: $17,406,716Expenses 2015: $16,986,938Net Income 2015: $419,7782015Revenue 2016: $18,659,749Expenses 2016: $17,215,817Net Income 2016: $1,443,9322016Revenue 2017: $19,152,446Expenses 2017: $18,170,346Net Income 2017: $982,1002017Revenue 2018: $17,911,528Expenses 2018: $19,291,978Net Income 2018: -$1,380,4502018Revenue 2019: $17,614,986Expenses 2019: $19,929,637Net Income 2019: -$2,314,6512019Revenue 2020: $7,353,377Expenses 2020: $9,224,505Net Income 2020: -$1,871,1282020Revenue 2021: -$49,428Expenses 2021: $1,724,856Net Income 2021: -$1,774,2842021Revenue 2022: -$1,013,958Expenses 2022: $301,904Net Income 2022: -$1,315,8622022Revenue 2023: $2,704,561Expenses 2023: $3,287Net Income 2023: $2,701,2742023

Highlighted filing

2021

Revenue-$49,428
Expenses$1,724,856
Net Income-$1,774,284
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 1, 2021
Return Version
2020v4.1
Gross Receipts
$1,456,844
Mission and Program Overview

Mission

Provide opportunities for persons with disabilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,167,754$1,555,206▼ $1,612,548
Accounts Receivable$649,185$306,630▼ $342,555
Cash and Non-Interest-Bearing Accounts$247,112$71,154▼ $175,958
Prepaid Expenses and Deferred Charges$63,100$56,915▼ $6,185
Total Assets$4,127,151$1,989,905▼ $2,137,246
Liabilities
Accounts Payable and Accrued Expenses$1,998,990$1,900,665▼ $98,325
Mortgage Notes Payable Secured by Investment Property$1,739,289$1,474,652▼ $264,637
Total Liabilities$3,738,279$3,375,317▼ $362,962
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$388,872$-1,385,412▼ $1,774,284
Total Net Assets Fund Balance$388,872$-1,385,412▼ $1,774,284
Total Liabilities and Net Assets / Fund Balance$4,127,151$1,989,905▼ $2,137,246

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,500,450$1,279,765$2,780,215
Equipment$13,098$44,335$57,433
Land$41,658-$41,658
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jody SternCEO/CFOFT$86,192$35$86,227

Board Members and Trustees

NameTitle
Tim HeisterkampPresident
Phillip NelsonVice President
Denny GoshonDirector
Diane JacksonDirector
Gary HaupertDirector
Jim NorthDirector
Karen CarmanDirector
Keith PedersenDirector
Sue RichardsonDirector
Bill SteussySecretary
Scott SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,169
Program Service Revenue
$830,824
Investment Income
$-914,324
Other Revenue
$32,903
All Other Contributions
$1,169
Change in Net Assets
$-1,774,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,157,959
Salaries, Compensation, and Employee Benefits$566,897
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$218,996$145,739-$364,735
Other Salaries and Wages$352,580$11,695-$364,275
Depreciation Depletion$149,265$41,441-$190,706
Insurance$18,585$112,122-$130,707
Payroll Taxes$71,255$19,783-$91,038
Current Officers, Directors, Trustees, and Key Employees-$86,192-$86,192
Interest$58,250$16,172-$74,422
Other Expenses$25,917$1,200-$25,917
Other Employee Benefits$19,874$5,518-$25,392
All Other Expenses$13,830$3,829-$17,659
Office Expenses$798$221-$1,019
Advertising$348$97-$445
Total Functional Expenses$1,162,706$562,150$0$1,724,856
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
Lobbying activity
No
Subject to proxy tax
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

Each member of the governing body receives a copy of the form 990 and it is reviewed before it is filed

Form 990, Part VI, Section B, line 12C

The organization requires a signed written statement from directors regarding the conflict of interest policy

Form 990, Part VI, Section B, line 15

The board reviews the compensation of the ceo annually and does comparisons with similar organizations

Form 990, Part VI, Section C, line 19

All required documents are available to the public upon request

Filing and Contact Details

Filer

Filer Name
Genesis Development
EIN
23-7363533
Phone
5152465877
Address
927 8TH STREET, BOONE, IA 50036

Signing Officer

Name
Donald F Neiman
Title
Bankruptcy Trustee
Phone
5152465877
Signed
2021-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jody Stern
Formed
1973
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
69
Volunteers
0

Preparer

Firm
Gronewold Bell Kyhnn & Co PC
Address
1910 East 7th Street, Atlantic, IA 50022
Preparer
Christopher J Nelson
Phone
7122431800
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 3

The organization ceased providing all servcies during its fiscal year ended june 30, 2021.

FORM 990, PART XII, LINE 2C:

Process is consistent with prior year

Raw XML AppendixShowing 400 of 541 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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IRS990/PayrollTaxesGrp/TotalAmt091038
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt063100
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt056915
IRS990/PrincipalOfficerNm0JODY STERN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624310
IRS990/ProgramServiceRevenueGrp/Desc0CLIENT WORK SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0830824
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0830824
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER OPERATING REVENUES AND LOSS ON DISPOSAL OF CAPITAL ASSETS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0-888101
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt024500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-472197
IRS990/PYOtherExpensesAmt02454982
IRS990/PYOtherRevenueAmt085444
IRS990/PYProgramServiceRevenueAmt07715630
IRS990/PYRevenuesLessExpensesAmt0-1871128
IRS990/PYSalariesCompEmpBnftPaidAmt06769523
IRS990/PYTotalExpensesAmt09224505
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07353377
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1774284
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05400
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0830824
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01169
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt024500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0535105
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0516015
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0486514
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01563303
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06680
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt040166
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04100
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06493
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03508
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt060947
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0858327
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07765167
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt017075781
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt017389020
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt018662424
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt061750719
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06680
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt040166
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04100
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06493
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03508
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt060947
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99900
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal509Amt063314022
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0859496
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt07789667
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt017610886
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt017905035
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt019148938
IRS990ScheduleA/Total509Grp/TotalAmt063314022
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0866176
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt07829833
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt017614986
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt017911528
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt019152446
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt063374969
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01500450
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01279765
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02780215
IRS990ScheduleD/EquipmentGrp/BookValueAmt013098
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044335
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt057433
IRS990ScheduleD/LandGrp/BookValueAmt041658
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041658
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01555206
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0LEASEHOLD IMPROVEMENTS
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1LEASEHOLD IMPROVEMENTS
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2GROUP HOME
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3BUILDING
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4GROUP HOME
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc5GROUP HOME
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc6BUILDING
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc7LAUNDRY EQUIPMENT & SUPPLIES
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0WESTROADS CENTER LLC
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt1WESTROADS CENTER LLC
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt2ROGER & REBECCA VAN DONSELAAR
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt3RAMSEY REALTY LLC
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt4GENESIS LAUNDRY LLC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02021-03-12
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12020-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt22021-02-23
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt32020-10-16
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt42020-10-02
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt52020-08-13
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt62020-07-15
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt72021-03-12
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0199579
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt119030
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt284000
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt365000
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt496000
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt560500
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt685000
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt7200168
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK VALUE
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt2ARMS LENGTH TRANSACTION

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.70$0.00$2.70
2022Detailed filing. Detailed filing data is available for this year.$0.12$2.82$2.70$1.01$0.30$1.32
2021Detailed filing. Detailed filing data is available for this year.$1.99$3.38$1.39$0.05$1.72$1.77
2020Detailed filing. Detailed filing data is available for this year.$4.13$3.74$0.39$7.35$9.22$1.87
2019Detailed filing. Detailed filing data is available for this year.$6.75$5.40$1.35$17.6$19.9$2.31
2018Detailed filing. Detailed filing data is available for this year.$8.99$5.33$3.66$17.9$19.3$1.38
2017Detailed filing. Detailed filing data is available for this year.$8.36$3.31$5.05$19.2$18.2$0.98
2016Detailed filing. Detailed filing data is available for this year.$7.73$3.67$4.06$18.7$17.2$1.44
2015Detailed filing. Detailed filing data is available for this year.$6.48$3.86$2.62$17.4$17.0$0.42
2014Detailed filing. Detailed filing data is available for this year.$6.36$4.16$2.20$15.7$16.0$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.43$3.92$2.51$14.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.93$4.37$2.57$13.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.00$4.41$2.59$12.5