Civic Intelligence

Ossian Housing Inc

990EZ • Fiscal year 2023 • EIN 23-7445079

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 08, 2024

PO Box 157Strawberry Point, IA 52076

(563) 532-9831

Siviq Scores

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

Liabilities / Assets

95th percentile

0.82x

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

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

1.18x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Net Margin

32nd percentile

-6.2%

Higher net margin than 32% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

6.8%

Faster revenue growth than 55% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$104,665

Down $12,441 (-11%) from 2022

Net Assets

Down

$19,327

Down $4,497 (-19%) from 2022

Liabilities

Down

$85,338

Down $7,944 (-8.5%) from 2022

Revenue

Up

$72,476

Up $4,639 (+6.8%) from 2022

Expenses

Down

$76,973

Down $89,133 (-54%) from 2022

Net Income

Up

-$4,497

Up $93,772 (+95%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2013: $182,139Liabilities 2013: $106,043Net Assets 2013: $76,0962013Assets 2014: $186,289Liabilities 2014: $99,088Net Assets 2014: $87,2012014Assets 2015: $182,767Liabilities 2015: $91,393Net Assets 2015: $91,3742015Assets 2016: $198,744Liabilities 2016: $95,212Net Assets 2016: $103,5322016Assets 2017: $201,345Liabilities 2017: $86,939Net Assets 2017: $114,4062017Assets 2018: $195,761Liabilities 2018: $77,327Net Assets 2018: $118,4342018Assets 2019: $182,359Liabilities 2019: $68,847Net Assets 2019: $113,5122019Assets 2020: $176,435Liabilities 2020: $60,719Net Assets 2020: $115,7162020Assets 2021: $237,513Liabilities 2021: $115,419Net Assets 2021: $122,0942021Assets 2022: $117,106Liabilities 2022: $93,282Net Assets 2022: $23,8242022Assets 2023: $104,665Liabilities 2023: $85,338Net Assets 2023: $19,3272023Assets 2024: $94,195Liabilities 2024: $78,182Net Assets 2024: $16,0132024Assets 2025: $92,344Liabilities 2025: $69,756Net Assets 2025: $22,5882025

Highlighted filing

2023

Assets$104,665
Liabilities$85,338
Net Assets$19,327

Operations Trend

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

$200K$100K$0-$100KRevenue 2013: $57,299Expenses 2013: $60,109Net Income 2013: -$2,8102013Revenue 2014: $68,466Expenses 2014: $56,690Net Income 2014: $11,7762014Revenue 2015: $59,911Expenses 2015: $55,569Net Income 2015: $4,3422015Revenue 2016: $72,821Expenses 2016: $60,661Net Income 2016: $12,1602016Revenue 2017: $74,265Expenses 2017: $63,393Net Income 2017: $10,8722017Revenue 2018: $111,375Expenses 2018: $107,348Net Income 2018: $4,0272018Revenue 2019: $71,439Expenses 2019: $76,360Net Income 2019: -$4,9212019Revenue 2020: $75,304Expenses 2020: $73,104Net Income 2020: $2,2002020Revenue 2021: $87,976Expenses 2021: $81,599Net Income 2021: $6,3772021Revenue 2022: $67,837Expenses 2022: $166,106Net Income 2022: -$98,2692022Revenue 2023: $72,476Expenses 2023: $76,973Net Income 2023: -$4,4972023Revenue 2024: $81,973Expenses 2024: $85,287Net Income 2024: -$3,3142024Revenue 2025: $96,502Expenses 2025: $89,929Net Income 2025: $6,5732025

Highlighted filing

2023

Revenue$72,476
Expenses$76,973
Net Income-$4,497
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 8, 2024
Return Version
2023v4.0
Gross Receipts
$72,476
Mission and Program Overview

Mission

Providing clean, comfortable, attractive and affordable housing for low to moderate income individuals age 62 or older and/or disabled. Our total occupancy is limited to thirty two (32) persons.

Program Services

DescriptionGrantsExpenses
PROVIDING CLEAN, COMFORTABLE, ATTRACTIVE AND AFORDABLE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS AGE 62 OR OLDER AND/OR DISABLED. OUR TOTAL OCCUPANCY IS LIMITED TO THIRTY TWO (32) PERSONS.-$59,935
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GARY LANSINGPresident-$0--
JAMES HAWKINSDirector-$0--
DALE BODENSTEINERTreasurer-$0--
KATHY MEYERV President-$0--
DONALD WITTDirector-$0--
LISA ANDERSONSecretary-$0--
MARVIN MIKE MEYERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Ossian Housing Inc
EIN
23-7445079
Phone
5635329831
Address
PO BOX 157, STRAWBERRY POINT, IA 52076

Signing Officer

Name
Gary Lansing
Title
President
Phone
5635329831
Signed
2024-02-08

Preparer

Firm
Hacker Nelson & Co Pc
Address
PO BOX 507, DECORAH, IA 52101
Preparer
Neil W Schraeder
Phone
5633823637
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 44 office expense 1,131 interest 4,484 insurance 8,849 snow removal 5,010 grounds services 726 misc 28 overage 2,164 net capital outlays 14,407 non-investment depreciation 9,722 total 46,565

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 8,849 0 equipment 36,122 36,122 less accumulated depreciation 34,419 35,534 total 10,552 588

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 204 95 security deposits 3,300 3,300 mortgage and other notes payable 89,778 81,943

Form 990-ez, Part III

Providing clean, comfortable, attractive and affordable housing for low to moderate income individuals age 62 or older and/or disabled. Our total occupancy is limited to thirty two (32) persons.

Raw XML Appendix126 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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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt0PO BOX 157
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0STRAWBERRY POINT
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPAID EXPENSES AND DEFERRED CHARGES 8,849 0 EQUIPMENT 36,122 36,122 LESS ACCUMULATED DEPRECIATION 34,419 35,534 TOTAL 10,552 588
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 204 95 SECURITY DEPOSITS 3,300 3,300 MORTGAGE AND OTHER NOTES PAYABLE 89,778 81,943
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROVIDING CLEAN, COMFORTABLE, ATTRACTIVE AND AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS AGE 62 OR OLDER AND/OR DISABLED. OUR TOTAL OCCUPANCY IS LIMITED TO THIRTY TWO (32) PERSONS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/Filer/EIN0237445079
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ReturnHeader/PreparerPersonGrp/PhoneNum05633823637
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NEIL W SCHRAEDER
ReturnHeader/ReturnTs02024-02-19T17:25:27-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GARY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LANSING
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings