Civic Intelligence

Summerside Woods Inc.

990 • Fiscal year 2022 • EIN 26-1913033

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 12, 2023

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

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.15x

Higher debt load relative to revenue than 61% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

11th percentile

-29%

Higher net margin than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

74th percentile

$112,464

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 35.4% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

36th percentile

-2.9%

Faster asset growth than 36% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

27%

Faster revenue growth than 71% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$3,886,731

Down $115,644 (-2.9%) from 2021

Net Assets

Down

$3,838,907

Down $90,906 (-2.3%) from 2021

Liabilities

Down

$47,824

Down $24,738 (-34%) from 2021

Revenue

Up

$317,906

Up $67,552 (+27%) from 2021

Expenses

Up

$408,812

Up $35,539 (+9.5%) from 2021

Net Income

Up

-$90,906

Up $32,013 (+26%) from 2021

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 2022: $3,886,731Liabilities 2022: $47,824Net Assets 2022: $3,838,9072022Assets 2024: $3,674,682Liabilities 2024: $40,051Net Assets 2024: $3,634,6312024

Highlighted filing

2022

Assets$3,886,731
Liabilities$47,824
Net Assets$3,838,907

Operations Trend

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

$600K$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 2022: $317,906Expenses 2022: $408,812Net Income 2022: -$90,9062022Revenue 2024: $297,136Expenses 2024: $380,025Net Income 2024: -$82,8892024

Highlighted filing

2022

Revenue$317,906
Expenses$408,812
Net Income-$90,906
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 12, 2023
Return Version
2022v5.0
Gross Receipts
$317,906
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$3,716,235$3,591,250▼ $124,985
Savings and Temporary Cash Investments$256,729$264,453▲ $7,724
Cash and Non-Interest-Bearing Accounts$8,811$8,681▼ $130
Prepaid Expenses and Deferred Charges$2,473$2,472▼ $1
Total Assets$4,002,375$3,886,731▼ $115,644
Other Assets Total$18,127$19,875▲ $1,748
Liabilities
Accounts Payable and Accrued Expenses$56,029$30,605▼ $25,424
Other Liabilities$16,533$17,219▲ $686
Total Liabilities$72,562$47,824▼ $24,738
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,224,778$5,224,778→ $0
Net Assets Without Donor Restrictions$-1,294,965$-1,385,871▼ $90,906
Total Net Assets Fund Balance$3,929,813$3,838,907▼ $90,906
Total Liabilities and Net Assets / Fund Balance$4,002,375$3,886,731▼ $115,644

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,416,250$1,583,140$4,999,390
Land$175,000-$175,000
Other Land Buildings$0$65,056$65,056
Compensation and Service Providers

Employees

NameTitleOtherTotal
William DeHass - Start 102022Chief Executive Officer$112,464$112,464
Angel Burton - Start 102022Chief Financial Officer$75,203$75,203

Board Members and Trustees

NameTitle
Tim RuddPresident
Billie KuntzTrustee
Donna CannTrustee
George BrownTrustee
Greg TraynorTrustee
John TheboutTrustee
Lee PinkertonTrustee
Linda BrooksTrustee
Marilyn HodgesTrustee
Sandy GrahamTrustee
Tina SanbornTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$267,701
Investment Income
$26
Other Revenue
$50,179
Change in Net Assets
$-90,906

Audited Revenue Reconciliation

Revenue per Audited Statements
$317,906
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$317,906
Total Revenue per Form 990
$317,906
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$353,165
Salaries, Compensation, and Employee Benefits$55,647
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$124,985--$124,985
Fees for Services Other$75,211$3,840-$79,051
Occupancy$55,099--$55,099
Other Salaries and Wages$23,551$26,392-$49,943
Fees for Services Management-$29,732-$29,732
Office Expenses$10,756$12,007-$22,763
Fees for Services Legal-$22,494-$22,494
Insurance$9,931--$9,931
Fees for Services Accounting-$6,200-$6,200
Payroll Taxes$4,320--$4,320
Other Employee Benefits$1,384--$1,384
Advertising-$816-$816
Other Expenses$1,883$211-$211
Total Functional Expenses$307,120$101,692$0$408,812

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$408,812
Total Expenses per Audited Statements$408,812
Total Expenses per Form 990$408,812
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$17,219
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 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
Chief Executive Officer
Phone
5137241255
Signed
2023-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William DeHass
Formed
2010
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

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 75,211. Management and general expenses 3,840. Fundraising expenses 0. Total expenses 79,051.

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/OtherRevenueMiscGrp/Desc0Real estate tax refund
IRS990/OtherRevenueMiscGrp/ExclusionAmt050179
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050179
IRS990/OtherRevenueTotalAmt050179
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026392
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt023551
IRS990/OtherSalariesAndWagesGrp/TotalAmt049943
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt04320
IRS990/PayrollTaxesGrp/TotalAmt04320
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02473
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02472
IRS990/PrincipalOfficerNm0William DeHass
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/Desc1HUD Subsidy Rent
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0223476
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt144225
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0223476
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt144225
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt049
IRS990/PYOtherExpensesAmt0321528
IRS990/PYOtherRevenueAmt03213
IRS990/PYProgramServiceRevenueAmt0247092
IRS990/PYRevenuesLessExpensesAmt0-122919
IRS990/PYSalariesCompEmpBnftPaidAmt051745
IRS990/PYTotalExpensesAmt0373273
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0250354
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-90906
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0267701
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0256729
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0264453
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Miscellaneous - 2018 Amount: $ 2,618. 2019 Amount: $ 3,937. 2020 Amount: $ 5,183. 2021 Amount: $ 552. 2022 Amount: $ 50,179.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt026
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt049
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt050
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt043
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0213
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0267701
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0249753
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0241249
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0241594
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0237619
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01237916
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0213
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt050179
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0552
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05183
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03937
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02618
IRS990ScheduleA/OtherIncome509Grp/TotalAmt062469
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95200
IRS990ScheduleA/PublicSupportPY509Pct00.98710
IRS990ScheduleA/PublicSupportTotal509Amt01242916
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0267701
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0249753
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0246249
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0241594
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0237619
IRS990ScheduleA/Total509Grp/TotalAmt01242916
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0317906
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0250354
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0251482
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0245576
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0240280
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01305598
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03416250
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01583140
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04999390
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0408812
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0175000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0175000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt065056
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017219
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposits
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0317906
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/TotalBookValueLandBuildingsAmt03591250
IRS990ScheduleD/TotalExpensesPerForm990Amt0408812
IRS990ScheduleD/TotalLiabilityAmt017219
IRS990ScheduleD/TotalRevenuePerForm990Amt0317906
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0317906
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0408812
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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/ExplanationTxt1Information is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Other Professional Fees: Program service expenses 75,211. Management and general expenses 3,840. Fundraising expenses 0. Total expenses 79,051.
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

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