Civic Intelligence

Summerside Woods Inc.

990 • Fiscal year 2018 • EIN 26-1913033

Jan 01, 2018 to Dec 31, 2018 • Filed on May 10, 2019

2085-A James E Sauls Sr DriveBatavia, OH 45103

(513) 724-1255

Siviq Scores

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

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

0.23x

Higher debt load relative to revenue than 67% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

6th percentile

-49%

Higher net margin than 6% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

34th percentile

-2.6%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

44th percentile

1.6%

Faster revenue growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$4,330,714

Down $115,116 (-2.6%) from 2017

Net Assets

Down

$4,274,536

Down $117,005 (-2.7%) from 2017

Liabilities

Up

$56,178

Up $1,889 (+3.5%) from 2017

Revenue

Up

$240,280

Up $3,675 (+1.6%) from 2017

Expenses

Up

$357,285

Up $16,905 (+5.0%) from 2017

Net Income

Down

-$117,005

Down $13,230 (-13%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $5,150,377Liabilities 2011: $72,047Net Assets 2011: $5,078,3302011Assets 2012: $5,044,608Liabilities 2012: $69,444Net Assets 2012: $4,975,1642012Assets 2013: $4,938,693Liabilities 2013: $69,898Net Assets 2013: $4,868,7952013Assets 2014: $4,825,502Liabilities 2014: $59,817Net Assets 2014: $4,765,6852014Assets 2015: $4,709,981Liabilities 2015: $60,004Net Assets 2015: $4,649,9772015Assets 2017: $4,445,830Liabilities 2017: $54,289Net Assets 2017: $4,391,5412017Assets 2018: $4,330,714Liabilities 2018: $56,178Net Assets 2018: $4,274,5362018Assets 2019: $4,225,030Liabilities 2019: $57,383Net Assets 2019: $4,167,6472019Assets 2020: $4,122,683Liabilities 2020: $69,951Net Assets 2020: $4,052,7322020Assets 2021: $4,002,375Liabilities 2021: $72,562Net Assets 2021: $3,929,8132021Assets 2024: $3,674,682Liabilities 2024: $40,051Net Assets 2024: $3,634,6312024

Highlighted filing

2018

Assets$4,330,714
Liabilities$56,178
Net Assets$4,274,536

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $331,3972011Expenses 2012: $325,1252012Revenue 2013: $226,470Expenses 2013: $332,843Net Income 2013: -$106,3732013Revenue 2014: $226,590Expenses 2014: $339,800Net Income 2014: -$113,2102014Revenue 2015: $226,996Expenses 2015: $342,700Net Income 2015: -$115,7042015Revenue 2017: $236,605Expenses 2017: $340,380Net Income 2017: -$103,7752017Revenue 2018: $240,280Expenses 2018: $357,285Net Income 2018: -$117,0052018Revenue 2019: $245,576Expenses 2019: $352,465Net Income 2019: -$106,8892019Revenue 2020: $251,482Expenses 2020: $366,397Net Income 2020: -$114,9152020Revenue 2021: $250,354Expenses 2021: $373,273Net Income 2021: -$122,9192021Revenue 2024: $297,136Expenses 2024: $380,025Net Income 2024: -$82,8892024

Highlighted filing

2018

Revenue$240,280
Expenses$357,285
Net Income-$117,005
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 10, 2019
Return Version
2018v3.1
Gross Receipts
$240,280
Mission and Program Overview

Mission

To provide affordable housing to the elderly.

To provide affordable housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,218,665$4,092,797▼ $125,868
Savings and Temporary Cash Investments$197,964$213,648▲ $15,684
Cash and Non-Interest-Bearing Accounts$9,120$3,904▼ $5,216
Prepaid Expenses and Deferred Charges$2,473$2,473→ $0
Total Assets$4,445,830$4,330,714▼ $115,116
Other Assets Total$17,608$17,892▲ $284
Liabilities
Accounts Payable and Accrued Expenses$37,927$39,504▲ $1,577
Other Liabilities$16,362$16,674▲ $312
Total Liabilities$54,289$56,178▲ $1,889
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,224,778$5,224,778→ $0
Unrestricted Net Assets$-833,237$-950,242▼ $117,005
Total Net Assets Fund Balance$4,391,541$4,274,536▼ $117,005
Total Liabilities and Net Assets / Fund Balance$4,445,830$4,330,714▼ $115,116

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,916,189$1,083,201$4,999,390
Land$175,000-$175,000
Other Land Buildings$1,608$63,448$65,056
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ed RustPresident
Mel LarsonVice President
Aaron MausTrustee
Bonnie BatchlerTrustee
John TheboutTrustee
Marilyn HodgesTrustee
Patti LouisoTrustee
Ron GramkeTrustee
Sandy GrahamTrustee
Tim RuddTrustee
Cindy GramkeEx-Officio
Greg CarsonEx-Officio
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$237,619
Investment Income
$43
Other Revenue
$2,618
Change in Net Assets
$-117,005

Audited Revenue Reconciliation

Revenue per Audited Statements
$240,280
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$240,280
Total Revenue per Form 990
$240,280
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$311,640
Salaries, Compensation, and Employee Benefits$45,645
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$125,868--$125,868
Occupancy$74,956--$74,956
Other Salaries and Wages$18,812$22,212-$41,024
Fees for Services Other$39,290--$39,290
Fees for Services Management-$27,568-$27,568
Office Expenses$7,020$10,225-$17,245
Insurance$8,485--$8,485
Fees for Services Accounting-$8,408-$8,408
Payroll Taxes$3,760--$3,760
Other Employee Benefits$861--$861
Other Expenses$443--$443
Advertising-$296-$296
Fees for Services Legal-$135-$135
Total Functional Expenses$288,441$68,844$0$357,285

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$357,285
Total Expenses per Audited Statements$357,285
Total Expenses per Form 990$357,285
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$16,674
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No

Governance Explanations

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

The tax return is prepared and given to the governing body for review. Once they have reviewed the return it is filed.

Form 990, Part VI, Section C, line 19

Information is available upon request.

Filing and Contact Details

Filer

Filer Name
Summerside Woods Inc
EIN
26-1913033
Phone
5137241255
Address
2085-A James E Sauls Sr Drive, Batavia, OH 45103

Signing Officer

Name
Cindy Gramke
Title
Executive Director
Phone
5137241255
Signed
2019-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Gramke
Formed
2010
Legal Domicile
Oh
Voting Board Members
13
Independent Board Members
13
Employees
9
Volunteers
13

Preparer

Firm
Barnes Dennig & Co LTD
Address
150 East Fourth Street, Cincinnati, OH 45202
Preparer
Paula Hume
Phone
5132418313
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Other Professional Fees: Program service expenses 39,290. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,290.

Financial Statement Notes

Part X, Line 2:

The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and a similar provision of state law. However, the Organization is subject to federal income tax on any unrelated business taxable income. The Organization's IRS Form 990 is subject to review and examination by federal and status authorities. The Organization believes it has appropriate support for any tax positions taken, and therefore, does not have any uncertain income tax positions that are material to the financial statements.

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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-117005
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0240237
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0197964
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0213648
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt043
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt042
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt050
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt050
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0229
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0237619
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0233265
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0229129
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0223078
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0223583
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01146674
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0229
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02618
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03298
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03785
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03868
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02957
IRS990ScheduleA/OtherIncome509Grp/TotalAmt016526
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98560
IRS990ScheduleA/PublicSupportPY509Pct00.98520
IRS990ScheduleA/PublicSupportTotal509Amt01146674
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0237619
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0233265
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0229129
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0223078
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0223583
IRS990ScheduleA/Total509Grp/TotalAmt01146674
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0240280
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0236605
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0232958
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0226996
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0226590
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01163429
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03916189
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01083201
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04999390
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0357285
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0175000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0175000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01608
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt063448
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016674
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposits
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0240280
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and a similar provision of state law. However, the Organization is subject to federal income tax on any unrelated business taxable income. The Organization's IRS Form 990 is subject to review and examination by federal and status authorities. The Organization believes it has appropriate support for any tax positions taken, and therefore, does not have any uncertain income tax positions that are material to the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04092797
IRS990ScheduleD/TotalExpensesPerForm990Amt0357285
IRS990ScheduleD/TotalLiabilityAmt016674
IRS990ScheduleD/TotalRevenuePerForm990Amt0240280
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0240280
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0357285
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The tax return is prepared and given to the governing body for review. Once they have reviewed the return it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Information is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Other Professional Fees: Program service expenses 39,290. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,290.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, line 11g
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Clermont Senior Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1Clermont Senior Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2Clermont Senior Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3Clermont Senior Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4Clermont Senior Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Steamboat Trails Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Garrison Place Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Lytle Trace Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3Clermont Senior Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4O'Bannon Terrace of Goshen Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5Crossings of Amelia Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0311637710
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1200603765
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2311709511
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3310832354
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4311455575
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN5202017058
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt5501(c)(3)

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