Civic Intelligence

Humboldt Homes Ltd

990 • Fiscal year 2023 • EIN 23-7409470

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 19, 2024

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

75th percentile

0.26x

Higher debt load relative to assets than 75% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.51x

Higher debt load relative to revenue than 77% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Net Margin

44th percentile

5.8%

Higher net margin than 44% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Asset Growth

32nd percentile

-0.7%

Faster asset growth than 32% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

64th percentile

14%

Faster revenue growth than 64% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$1,242,467

Down $8,476 (-0.7%) from 2022

Net Assets

Up

$923,715

Up $36,555 (+4.1%) from 2022

Liabilities

Down

$318,752

Down $45,031 (-12%) from 2022

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin44th percentile

Revenue

Up

$627,187

Up $76,701 (+14%) from 2022

Expenses

Up

$590,632

Up $4,388 (+0.7%) from 2022

Net Income

Up

$36,555

Up $72,313 (+202%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth32nd 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

2023

Assets$1,242,467
Liabilities$318,752
Net Assets$923,715
Open 2023 Filing

Operations Trend

Revenue Growth64th 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

2023

Revenue$627,187
Expenses$590,632
Net Income$36,555
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 19, 2024
Return Version
2023v5.1
Gross Receipts
$627,187
Mission and Program Overview

Mission

Low income housing for the elderly and handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,066,950$1,004,957▼ $61,993
Cash and Non-Interest-Bearing Accounts$100,027$141,745▲ $41,718
Prepaid Expenses and Deferred Charges$34,464$34,464→ $0
Savings and Temporary Cash Investments$10,000$20,000▲ $10,000
Accounts Receivable-$0-
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$1,250,943$1,242,467▼ $8,476
Other Assets Total$39,502$41,301▲ $1,799
Liabilities
Mortgage Notes Payable Secured by Investment Property$325,081$278,249▼ $46,832
Other Liabilities$38,702$40,503▲ $1,801
Total Liabilities$363,783$318,752▼ $45,031
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$887,160$923,715▲ $36,555
Total Net Assets Fund Balance$887,160$923,715▲ $36,555
Total Liabilities and Net Assets / Fund Balance$1,250,943$1,242,467▼ $8,476

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$853,635$2,524,090$3,377,725
Equipment$78,752$459,955$538,707
Land$72,570-$72,570
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Ron RasmussenPresident
Ed TimmVice President
Allen GocheDirector
Craig MalloyDirector
Deb MillerDirector
Joan KollmorgenDirector
Merlin GraafDirector
Roger KleveDirector
Kirk WhittleseySec/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$581,072
Investment Income
$205
Other Revenue
$45,910
Change in Net Assets
$36,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$523,533
Salaries, Compensation, and Employee Benefits$67,099
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$121,577--$121,577
Depreciation Depletion$120,274--$120,274
Insurance$73,304--$73,304
Fees for Services Management-$71,116-$71,116
Other Salaries and Wages$61,800--$61,800
Interest$28,122--$28,122
Payroll Taxes$5,299--$5,299
Other Expenses$3,336--$3,336
All Other Expenses$2,893--$2,893
Advertising$1,508--$1,508
Fees for Services Legal-$1,340-$1,340
Fees for Services Accounting-$565-$565
Office Expenses$32--$32
Total Functional Expenses$517,611$73,021$0$590,632
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$40,502
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

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

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

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

Form 990, Part VI, Section C, Line 19

“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
2024-07-19
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
1
Volunteers
9

Preparer

Firm
Tp Anderson & Company Pc Cpas
Address
528 Sumner Avenue, HUMBOLDT, IA 50548
Preparer
Timothy L McCartan
Phone
5153323466
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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/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0521995
IRS990/PYProgramServiceRevenueAmt0550438
IRS990/PYRevenuesLessExpensesAmt0-35758
IRS990/PYSalariesCompEmpBnftPaidAmt064249
IRS990/PYTotalExpensesAmt0586244
IRS990/PYTotalRevenueAmt0550486
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt036555
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0853635
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02524090
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03377725
IRS990ScheduleD/EquipmentGrp/BookValueAmt078752
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0459955
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0538707
IRS990ScheduleD/LandGrp/BookValueAmt072570
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt072570
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt140502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security Deposits Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01004957
IRS990ScheduleD/TotalLiabilityAmt040503
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, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01250943
IRS990/TotalAssetsEOYAmt01242467
IRS990/TotalAssetsGrp/BOYAmt01250943
IRS990/TotalAssetsGrp/EOYAmt01242467
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073021
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0517611
IRS990/TotalFunctionalExpensesGrp/TotalAmt0590632
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0363783
IRS990/TotalLiabilitiesEOYAmt0318752
IRS990/TotalLiabilitiesGrp/BOYAmt0363783
IRS990/TotalLiabilitiesGrp/EOYAmt0318752
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0887160
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0923715
IRS990/TotalProgramServiceExpensesAmt0517611
IRS990/TotalProgramServiceRevenueAmt0581072
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0627187
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0627187
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01250943
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01242467
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ron Rasmussen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-19
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
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391894710
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TP ANDERSON & COMPANY PC CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0528 Sumner Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HUMBOLDT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050548
ReturnHeader/PreparerPersonGrp/PhoneNum05153323466
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Timothy L McCartan
ReturnHeader/ReturnTs02024-07-19T07:01:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Ron
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Rasmussen
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,242,467
Liabilities
$318,752
Net assets
$923,715
Revenue
$627,187
Expenses
$590,632
Net income
$36,555
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