Civic Intelligence

Humboldt Homes Ltd

990 • Fiscal year 2018 • EIN 23-7409470

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 08, 2019

Organization ProfileN/A
1107 19 NHumboldt, IA 50548

(515) 332-2020

Siviq Scores

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

Liabilities / Assets

87th percentile

0.54x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

1.12x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Net Margin

31st percentile

-0.9%

Higher net margin than 31% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Asset Growth

25th percentile

-4.2%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

62nd percentile

6.9%

Faster revenue growth than 62% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$1,071,694

Down $47,542 (-4.2%) from 2017

Net Assets

Down

$495,970

Down $4,375 (-0.9%) from 2017

Liabilities

Down

$575,724

Down $43,167 (-7.0%) from 2017

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin31st percentile

Revenue

Up

$512,428

Up $33,172 (+6.9%) from 2017

Expenses

Up

$516,803

Up $40,025 (+8.4%) from 2017

Net Income

Down

-$4,375

Down $6,853 (-277%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$1.5M$1.0M$500K$0Assets 2016: $1,159,546Liabilities 2016: $661,679Net Assets 2016: $497,8672016Assets 2017: $1,119,236Liabilities 2017: $618,891Net Assets 2017: $500,3452017Assets 2018: $1,071,694Liabilities 2018: $575,724Net Assets 2018: $495,9702018Assets 2019: $1,026,271Liabilities 2019: $501,995Net Assets 2019: $524,2762019Assets 2020: $1,133,569Liabilities 2020: $453,361Net Assets 2020: $680,2082020Assets 2021: $1,333,659Liabilities 2021: $410,741Net Assets 2021: $922,9182021Assets 2022: $1,250,943Liabilities 2022: $363,783Net Assets 2022: $887,1602022Assets 2023: $1,242,467Liabilities 2023: $318,752Net Assets 2023: $923,7152023Assets 2024: $1,198,692Liabilities 2024: $269,941Net Assets 2024: $928,7512024

Highlighted filing

2018

Assets$1,071,694
Liabilities$575,724
Net Assets$495,970
Open 2018 Filing

Operations Trend

Revenue Growth62nd percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2016: $451,868Expenses 2016: $437,940Net Income 2016: $13,9282016Revenue 2017: $479,256Expenses 2017: $476,778Net Income 2017: $2,4782017Revenue 2018: $512,428Expenses 2018: $516,803Net Income 2018: -$4,3752018Revenue 2019: $534,428Expenses 2019: $506,122Net Income 2019: $28,3062019Revenue 2020: $651,133Expenses 2020: $495,201Net Income 2020: $155,9322020Revenue 2021: $744,795Expenses 2021: $502,085Net Income 2021: $242,7102021Revenue 2022: $550,486Expenses 2022: $586,244Net Income 2022: -$35,7582022Revenue 2023: $627,187Expenses 2023: $590,632Net Income 2023: $36,5552023Revenue 2024: $610,450Expenses 2024: $605,414Net Income 2024: $5,0362024

Highlighted filing

2018

Revenue$512,428
Expenses$516,803
Net Income-$4,375
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 8, 2019
Return Version
2018v3.1
Gross Receipts
$512,428
Mission and Program Overview

Mission

Low income housing for the elderly and handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$926,857$894,013▼ $32,844
Cash and Non-Interest-Bearing Accounts$115,998$99,278▼ $16,720
Prepaid Expenses and Deferred Charges$28,304$34,464▲ $6,160
Accounts Receivable$1,969$3,096▲ $1,127
Savings and Temporary Cash Investments$8,760$2,000▼ $6,760
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,119,236$1,071,694▼ $47,542
Other Assets Total$37,348$38,843▲ $1,495
Liabilities
Mortgage Notes Payable Secured by Investment Property$552,174$507,639▼ $44,535
Other Liabilities$37,348$38,843▲ $1,495
Accounts Payable and Accrued Expenses$29,369$29,242▼ $127
Total Liabilities$618,891$575,724▼ $43,167
Net Assets / Fund Balance
Unrestricted Net Assets$500,345$495,970▼ $4,375
Total Net Assets Fund Balance$500,345$495,970▼ $4,375
Total Liabilities and Net Assets / Fund Balance$1,119,236$1,071,694▼ $47,542

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$670,273$2,128,780$2,799,053
Equipment$151,170$282,277$433,447
Land$72,570-$72,570
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Ron RasmussenPresident
James KirpatrickVice President
Craig MalloyDirector
Ed TimmDirector
Ken BadeDirector
Merlin GraafDirector
Nancy JensenDirector
Sue BeachDirector
Kirk WhittleseySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$512,097
Investment Income
$331
Other Revenue
$0
Change in Net Assets
$-4,375

Audited Revenue Reconciliation

Revenue per Audited Statements
$512,428
Total Revenue per Audited Statements
$512,428
Total Revenue per Form 990
$512,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$464,858
Salaries, Compensation, and Employee Benefits$51,945
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$116,637--$116,637
Depreciation Depletion$99,571--$99,571
Fees for Services Management-$53,010-$53,010
Other Salaries and Wages$47,520--$47,520
Insurance$33,667--$33,667
Interest$31,218--$31,218
Fees for Services Accounting-$7,361-$7,361
All Other Expenses$6,603--$6,603
Other Expenses$6,557--$6,557
Payroll Taxes$4,425--$4,425
Advertising$2,138--$2,138
Fees for Services Legal-$1,397-$1,397
Office Expenses$683--$683
Total Functional Expenses$455,035$61,768$0$516,803

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$516,803
Total Expenses per Audited Statements$516,803
Total Expenses per Form 990$516,803
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits Payable$38,843
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
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, Part VI, Line 3: Description of Delegated Duties to Management Company

“Murphy Management is in charge of the daily management of the apartments.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The return is reviewed by our manager for accuracy.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organizations governing documents and financial statements are available for the manager upon request.”

Filing and Contact Details

Filer

Filer Name
Humboldt Homes Ltd
EIN
23-7409470
Phone
5153322020
Address
1107 19 N, Humboldt, IA 50548

Signing Officer

Name
Ron Rasmussen
Title
President
Signed
2019-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Rasmussen
Formed
1975
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Tp Anderson & Company Pc Cpas
Address
528 Sumner Avenue, HUMBOLDT, IA 50548-0509
Preparer
Steven D Hutchinson
Phone
5153323466
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Generally accepted accounting principles impose a threshold for determining when an income tax benefit can be recognized. The threshold for financial statement reporting is generally higher than the threshold imposed for claiming deductions in income tax returns. As of December 31, 2018 and 2017, the Company had not identified any uncertain income tax positions that would give rise to the recognition of income tax assets or liabilities under the generally accepted acounting principles threshold. Because no uncertain income tax positions have been identified, no accrued interest or penalties have been accrued as of December 31, 2018 and 2017. The Company files income tax returns in the U.S. federal jurisdiction. No returns have been subject to audit in the last three years and the statute of limitations for federal returns is generally three years. Management continues to monitor changes in tax law and new authoritative rulings for possibe effects on the Company.”

Raw XML AppendixShowing 400 of 413 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/BOYAmt029369
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt029242
IRS990/AccountsReceivableGrp/BOYAmt01969
IRS990/AccountsReceivableGrp/EOYAmt03096
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Low income housing for the elderly and handicapped.
IRS990/AdvertisingGrp/ProgramServicesAmt02138
IRS990/AdvertisingGrp/TotalAmt02138
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/ProgramServicesAmt06603
IRS990/AllOtherExpensesGrp/TotalAmt06603
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Murphy Management
IRS990/BooksInCareOfDetail/PhoneNum05152952927
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0208 East State Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Algona
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd050511
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0115998
IRS990/CashNonInterestBearingGrp/EOYAmt099278
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0331
IRS990/CYOtherExpensesAmt0464858
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0512097
IRS990/CYRevenuesLessExpensesAmt0-4375
IRS990/CYSalariesCompEmpBnftPaidAmt051945
IRS990/CYTotalExpensesAmt0516803
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0512428
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt099571
IRS990/DepreciationDepletionGrp/TotalAmt099571
IRS990/Desc0Expense of operating a 100 unit low income housing project for the elderly and the handicapped.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0455035
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07361
IRS990/FeesForServicesAccountingGrp/TotalAmt07361
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01397
IRS990/FeesForServicesLegalGrp/TotalAmt01397
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt053010
IRS990/FeesForServicesManagementGrp/TotalAmt053010
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
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/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/PersonNm0Nancy Jensen
IRS990/Form990PartVIISectionAGrp/PersonNm1Merlin Graaf
IRS990/Form990PartVIISectionAGrp/PersonNm2Ron Rasmussen
IRS990/Form990PartVIISectionAGrp/PersonNm3Ed Timm
IRS990/Form990PartVIISectionAGrp/PersonNm4James Kirpatrick
IRS990/Form990PartVIISectionAGrp/PersonNm5Craig Malloy
IRS990/Form990PartVIISectionAGrp/PersonNm6Kirk Whittlesey
IRS990/Form990PartVIISectionAGrp/PersonNm7Ken Bade
IRS990/Form990PartVIISectionAGrp/PersonNm8Sue Beach
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/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/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0512428
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt033667
IRS990/InsuranceGrp/TotalAmt033667
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt031218
IRS990/InterestGrp/TotalAmt031218
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0331
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0331
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02411057
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0926857
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0894013
IRS990/LandBldgEquipCostOrOtherBssAmt03305070
IRS990/LegalDomicileStateCd0IA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Low income housing for the elderly and handicapped.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0552174
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0507639
IRS990/NetAssetsOrFundBalancesBOYAmt0500345
IRS990/NetAssetsOrFundBalancesEOYAmt0495970
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0116637
IRS990/OccupancyGrp/TotalAmt0116637
IRS990/OfficeExpensesGrp/ProgramServicesAmt0683
IRS990/OfficeExpensesGrp/TotalAmt0683
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt037348
IRS990/OtherAssetsTotalGrp/EOYAmt038843
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2Garbage
IRS990/OtherExpensesGrp/Desc3Snow Removal
IRS990/OtherExpensesGrp/ProgramServicesAmt049873
IRS990/OtherExpensesGrp/ProgramServicesAmt139137
IRS990/OtherExpensesGrp/ProgramServicesAmt217006
IRS990/OtherExpensesGrp/ProgramServicesAmt36557
IRS990/OtherExpensesGrp/TotalAmt049873
IRS990/OtherExpensesGrp/TotalAmt139137
IRS990/OtherExpensesGrp/TotalAmt217006
IRS990/OtherExpensesGrp/TotalAmt36557
IRS990/OtherLiabilitiesGrp/BOYAmt037348
IRS990/OtherLiabilitiesGrp/EOYAmt038843
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt047520
IRS990/OtherSalariesAndWagesGrp/TotalAmt047520
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt04425
IRS990/PayrollTaxesGrp/TotalAmt04425
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028304
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034464
IRS990/PrincipalOfficerNm0Ron Rasmussen
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0Laudry
IRS990/ProgramServiceRevenueGrp/Desc1Rent and rental Assistanc
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0503860
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18237
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0503860
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18237
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0362
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0429571
IRS990/PYProgramServiceRevenueAmt0478894
IRS990/PYRevenuesLessExpensesAmt02478
IRS990/PYSalariesCompEmpBnftPaidAmt047207
IRS990/PYTotalExpensesAmt0476778
IRS990/PYTotalRevenueAmt0479256
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-4375
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0512097
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08760
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0670273
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02128780
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02799053
IRS990ScheduleD/EquipmentGrp/BookValueAmt0151170
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0282277
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0433447
IRS990ScheduleD/ExpensesSubtotalAmt0516803
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt072570
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt072570
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038843
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposits Payable
IRS990ScheduleD/RevenueSubtotalAmt0512428
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Generally accepted accounting principles impose a threshold for determining when an income tax benefit can be recognized. The threshold for financial statement reporting is generally higher than the threshold imposed for claiming deductions in income tax returns. As of December 31, 2018 and 2017, the Company had not identified any uncertain income tax positions that would give rise to the recognition of income tax assets or liabilities under the generally accepted acounting principles threshold. Because no uncertain income tax positions have been identified, no accrued interest or penalties have been accrued as of December 31, 2018 and 2017. The Company files income tax returns in the U.S. federal jurisdiction. No returns have been subject to audit in the last three years and the statute of limitations for federal returns is generally three years. Management continues to monitor changes in tax law and new authoritative rulings for possibe effects on the Company.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0894013
IRS990ScheduleD/TotalExpensesPerForm990Amt0516803
IRS990ScheduleD/TotalLiabilityAmt038843
IRS990ScheduleD/TotalRevenuePerForm990Amt0512428
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0512428
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0516803
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Murphy Management is in charge of the daily management of the apartments.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The return is reviewed by our manager for accuracy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organizations governing documents and financial statements are available for the manager upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01119236
IRS990/TotalAssetsEOYAmt01071694
IRS990/TotalAssetsGrp/BOYAmt01119236
IRS990/TotalAssetsGrp/EOYAmt01071694
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061768
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0455035
IRS990/TotalFunctionalExpensesGrp/TotalAmt0516803
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0618891
IRS990/TotalLiabilitiesEOYAmt0575724
IRS990/TotalLiabilitiesGrp/BOYAmt0618891
IRS990/TotalLiabilitiesGrp/EOYAmt0575724
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0500345
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0495970
IRS990/TotalProgramServiceExpensesAmt0455035
IRS990/TotalProgramServiceRevenueAmt0512097
IRS990/TotalRevenueGrp/ExclusionAmt0331
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0512097
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0512428
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01119236
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01071694
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0500345
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0495970
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01204 15th St N
IRS990/USAddress/CityNm0Humboldt
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050548
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ron Rasmussen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Humboldt Homes Ltd
ReturnHeader/Filer/BusinessNameControlTxt0HUMB
ReturnHeader/Filer/EIN0237409470
ReturnHeader/Filer/PhoneNum05153322020
ReturnHeader/Filer/USAddress/AddressLine1Txt01107 19 N
ReturnHeader/Filer/USAddress/CityNm0Humboldt
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050548

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,071,694
Liabilities
$575,724
Net assets
$495,970
Revenue
$512,428
Expenses
$516,803
Net income
-$4,375
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.20$0.27$0.93$0.61$0.61$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.32$0.92$0.63$0.59$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.25$0.36$0.89$0.55$0.59$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.33$0.41$0.92$0.74$0.50$0.24
2020Detailed filing. Detailed filing data is available for this year.$1.13$0.45$0.68$0.65$0.50$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.50$0.52$0.53$0.51$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.07$0.58$0.50$0.51$0.52$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.12$0.62$0.50$0.48$0.48$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.16$0.66$0.50$0.45$0.44$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)4 • $1M-$5M nonprofits