Civic Intelligence

Summerside Woods Inc.

990 • Fiscal year 2020 • EIN 26-1913033

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 17, 2021

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

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.28x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

8th percentile

-46%

Higher net margin than 8% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$143,259

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 57.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

23rd percentile

-2.4%

Faster asset growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

2.4%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$4,122,683

Down $102,347 (-2.4%) from 2019

Net Assets

Down

$4,052,732

Down $114,915 (-2.8%) from 2019

Liabilities

Up

$69,951

Up $12,568 (+22%) from 2019

Revenue

Up

$251,482

Up $5,906 (+2.4%) from 2019

Expenses

Up

$366,397

Up $13,932 (+4.0%) from 2019

Net Income

Down

-$114,915

Down $8,026 (-7.5%) from 2019

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 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

2020

Assets$4,122,683
Liabilities$69,951
Net Assets$4,052,732

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 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

2020

Revenue$251,482
Expenses$366,397
Net Income-$114,915
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 17, 2021
Return Version
2020v4.1
Gross Receipts
$251,482
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$3,966,929$3,841,503▼ $125,426
Savings and Temporary Cash Investments$228,910$251,524▲ $22,614
Cash and Non-Interest-Bearing Accounts$10,419$8,896▼ $1,523
Prepaid Expenses and Deferred Charges$2,473$2,473→ $0
Total Assets$4,225,030$4,122,683▼ $102,347
Other Assets Total$16,299$18,287▲ $1,988
Liabilities
Accounts Payable and Accrued Expenses$40,784$53,202▲ $12,418
Other Liabilities$16,599$16,749▲ $150
Total Liabilities$57,383$69,951▲ $12,568
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,224,778$5,224,778→ $0
Net Assets Without Donor Restrictions$-1,057,131$-1,172,046▼ $114,915
Total Net Assets Fund Balance$4,167,647$4,052,732▼ $114,915
Total Liabilities and Net Assets / Fund Balance$4,225,030$4,122,683▼ $102,347

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,666,219$1,333,171$4,999,390
Land$175,000-$175,000
Other Land Buildings$284$64,772$65,056
Compensation and Service Providers

Employees

NameTitleOtherTotal
Cindy GramkeChief Executive Officer$143,259$143,259
Greg CarsonChief Financial Officer$120,177$120,177

Board Members and Trustees

NameTitle
Ed RustPresident
Mel LarsonVice President
Aaron MausTrustee
Bonnie BatchlerTrustee
John TheboutTrustee
Marilyn HodgesTrustee
Patti LouisoTrustee
Ramona CarrTrustee
Ron GramkeTrustee
Sandy GrahamTrustee
Tim RuddTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$241,249
Investment Income
$50
Other Revenue
$5,183
Change in Net Assets
$-114,915

Audited Revenue Reconciliation

Revenue per Audited Statements
$251,482
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$251,482
Total Revenue per Form 990
$251,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$317,402
Salaries, Compensation, and Employee Benefits$48,995
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$125,426--$125,426
Occupancy$79,377--$79,377
Other Expenses$48,266--$48,266
Other Salaries and Wages$21,763$22,026-$43,789
Fees for Services Management-$27,748-$27,748
Office Expenses$7,562$10,049-$17,611
Insurance$9,911--$9,911
Fees for Services Accounting-$9,063-$9,063
Payroll Taxes$3,781--$3,781
Other Employee Benefits$1,425--$1,425
Total Functional Expenses$297,511$68,886$0$366,397

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$366,397
Total Expenses per Audited Statements$366,397
Total Expenses per Form 990$366,397
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$16,749
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Ron Gramke and Cindy Gramke are husband and wife. The board does not see this relationship as a conflict as Cindy reports to the Clermont Senior Services board of which Ron is not a member. Additionally, the housing board is not part of the daily operations of Clermont Senior Services.

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
Gregory W Carson
Title
Chief Financial Officer
Phone
5137241255
Signed
2021-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Gramke
Formed
2010
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
11
Employees
10
Volunteers
13

Preparer

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

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/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt150673
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0190576
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt150673
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt045
IRS990/PYOtherExpensesAmt0306365
IRS990/PYOtherRevenueAmt03937
IRS990/PYProgramServiceRevenueAmt0241594
IRS990/PYRevenuesLessExpensesAmt0-106889
IRS990/PYSalariesCompEmpBnftPaidAmt046100
IRS990/PYTotalExpensesAmt0352465
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0245576
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-114915
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0244136
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0228910
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0251524
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0miscellaneous - 2016 Amount: $ 3,785. 2017 Amount: $ 3,298. 2018 Amount: $ 2,618. 2019 Amount: $ 3,937. 2020 Amount: $ 5,183.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt050
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt043
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0224
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0241249
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0241594
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0237619
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0233265
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0229129
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01182856
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0224
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05183
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03937
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02618
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03298
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03785
IRS990ScheduleA/OtherIncome509Grp/TotalAmt018821
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98420
IRS990ScheduleA/PublicSupportPY509Pct00.98500
IRS990ScheduleA/PublicSupportTotal509Amt01187856
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0246249
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0241594
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0237619
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0233265
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0229129
IRS990ScheduleA/Total509Grp/TotalAmt01187856
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0251482
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0245576
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0240280
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0236605
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0232958
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01206901
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03666219
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01333171
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04999390
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0366397
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0175000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0175000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0284
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt064772
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016749
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposits
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0251482
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/TotalBookValueLandBuildingsAmt03841503
IRS990ScheduleD/TotalExpensesPerForm990Amt0366397
IRS990ScheduleD/TotalLiabilityAmt016749
IRS990ScheduleD/TotalRevenuePerForm990Amt0251482
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0251482
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0366397
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Ron Gramke and Cindy Gramke are husband and wife. The board does not see this relationship as a conflict as Cindy reports to the Clermont Senior Services board of which Ron is not a member. Additionally, the housing board is not part of the daily operations of Clermont Senior Services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The tax return is prepared and given to the governing body for review. Once they have reviewed the return it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
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

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