Civic Intelligence

Summerside Woods Inc.

990 • Fiscal year 2021 • EIN 26-1913033

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 24, 2022

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

35th percentile

0.02x

Higher debt load relative to assets than 35% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

71st percentile

0.29x

Higher debt load relative to revenue than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

5th percentile

-49%

Higher net margin than 5% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

84th percentile

$147,723

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 59.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

18th percentile

-2.9%

Faster asset growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

-0.4%

Faster revenue growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$4,002,375

Down $120,308 (-2.9%) from 2020

Net Assets

Down

$3,929,813

Down $122,919 (-3.0%) from 2020

Liabilities

Up

$72,562

Up $2,611 (+3.7%) from 2020

Revenue

Down

$250,354

Down $1,128 (-0.4%) from 2020

Expenses

Up

$373,273

Up $6,876 (+1.9%) from 2020

Net Income

Down

-$122,919

Down $8,004 (-7.0%) from 2020

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

2021

Assets$4,002,375
Liabilities$72,562
Net Assets$3,929,813

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

2021

Revenue$250,354
Expenses$373,273
Net Income-$122,919
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 24, 2022
Return Version
2021v4.2
Gross Receipts
$250,354
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$3,841,503$3,716,235▼ $125,268
Savings and Temporary Cash Investments$251,524$256,729▲ $5,205
Cash and Non-Interest-Bearing Accounts$8,896$8,811▼ $85
Prepaid Expenses and Deferred Charges$2,473$2,473→ $0
Total Assets$4,122,683$4,002,375▼ $120,308
Other Assets Total$18,287$18,127▼ $160
Liabilities
Accounts Payable and Accrued Expenses$53,202$56,029▲ $2,827
Other Liabilities$16,749$16,533▼ $216
Total Liabilities$69,951$72,562▲ $2,611
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,224,778$5,224,778→ $0
Net Assets Without Donor Restrictions$-1,172,046$-1,294,965▼ $122,919
Total Net Assets Fund Balance$4,052,732$3,929,813▼ $122,919
Total Liabilities and Net Assets / Fund Balance$4,122,683$4,002,375▼ $120,308

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,541,235$1,458,155$4,999,390
Land$175,000-$175,000
Other Land Buildings$0$65,056$65,056
Compensation and Service Providers

Employees

NameTitleOtherTotal
Cindy GramkeChief Executive Officer$147,723$147,723
Greg Carson - Exited 1221Chief Financial Officer$123,198$123,198

Board Members and Trustees

NameTitle
Ed RustPresident
Donna CannTrustee
Greg TraynorTrustee
John TheboutTrustee
Lee PinkertonTrustee
Marilyn HodgesTrustee
Ramona CarrTrustee
Ron GramkeTrustee
Sandy GrahamTrustee
Tim RuddTrustee
Tina SanbornTrustee
Zachary A ZippererTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$247,092
Investment Income
$49
Other Revenue
$3,213
Change in Net Assets
$-122,919

Audited Revenue Reconciliation

Revenue per Audited Statements
$250,354
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$250,354
Total Revenue per Form 990
$250,354
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$321,528
Salaries, Compensation, and Employee Benefits$51,745
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$125,268--$125,268
Occupancy$81,727--$81,727
Fees for Services Other$46,842$3,340-$50,182
Other Salaries and Wages$21,016$24,548-$45,564
Fees for Services Management-$28,720-$28,720
Office Expenses$8,765$10,106-$18,871
Insurance$9,940--$9,940
Fees for Services Legal-$5,900-$5,900
Payroll Taxes$4,259--$4,259
Other Employee Benefits$1,922--$1,922
Advertising-$570-$570
Other Expenses-$350-$350
Total Functional Expenses$299,739$73,534$0$373,273

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$373,273
Total Expenses per Audited Statements$373,273
Total Expenses per Form 990$373,273
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$16,533
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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 and management 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
William DeHass
Title
Interim Chief Executive Officer
Phone
5137241255
Signed
2022-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William DeHass
Formed
2010
Legal Domicile
Oh
Voting Board Members
13
Independent Board Members
12
Employees
0
Volunteers
14

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 46,842. Management and general expenses 3,340. Fundraising expenses 0. Total expenses 50,182.

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/OtherSalariesAndWagesGrp/ProgramServicesAmt021016
IRS990/OtherSalariesAndWagesGrp/TotalAmt045564
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt04259
IRS990/PayrollTaxesGrp/TotalAmt04259
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02473
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02473
IRS990/PrincipalOfficerNm0William DeHass
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/Desc1HUD Subsidy Rent
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0209553
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt137539
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0209553
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt137539
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt050
IRS990/PYOtherExpensesAmt0317402
IRS990/PYOtherRevenueAmt05183
IRS990/PYProgramServiceRevenueAmt0241249
IRS990/PYRevenuesLessExpensesAmt0-114915
IRS990/PYSalariesCompEmpBnftPaidAmt048995
IRS990/PYTotalExpensesAmt0366397
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0251482
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-122919
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0249753
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0251524
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0256729
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Miscellaneous - 2017 Amount: $ 3,298. 2018 Amount: $ 2,618. 2019 Amount: $ 3,937. 2020 Amount: $ 5,183. 2021 Amount: $ 552.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt049
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt050
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt043
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0229
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0249753
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0241249
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0241594
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0237619
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0233265
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01203480
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0229
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0552
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05183
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03937
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02618
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03298
IRS990ScheduleA/OtherIncome509Grp/TotalAmt015588
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98710
IRS990ScheduleA/PublicSupportPY509Pct00.98420
IRS990ScheduleA/PublicSupportTotal509Amt01208480
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0249753
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0246249
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0241594
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0237619
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0233265
IRS990ScheduleA/Total509Grp/TotalAmt01208480
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0250354
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0251482
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0245576
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0240280
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0236605
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01224297
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03541235
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01458155
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04999390
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0373273
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0175000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0175000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt065056
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016533
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposits
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0250354
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/TotalBookValueLandBuildingsAmt03716235
IRS990ScheduleD/TotalExpensesPerForm990Amt0373273
IRS990ScheduleD/TotalLiabilityAmt016533
IRS990ScheduleD/TotalRevenuePerForm990Amt0250354
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0250354
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0373273
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 and management for review. Once they have reviewed the return it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Other Professional Fees: Program service expenses 46,842. Management and general expenses 3,340. Fundraising expenses 0. Total expenses 50,182.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 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

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