Civic Intelligence

Mission Square Inc C/O Transforming Age

990 • Fiscal year 2023 • EIN 26-2620831

May 01, 2022 to Apr 30, 2023 • Filed on Feb 14, 2024

11606 Nicholas Street 100Omaha, NE 68154

(402) 431-0500

Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

6.48x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

67th percentile

12%

Higher net margin than 67% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

10th percentile

-8.4%

Faster asset growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

41st percentile

0.9%

Faster revenue growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$12,163,456

Down $1,109,740 (-8.4%) from 2022

Net Assets

Down

-$59,853

Down $666,244 (-110%) from 2022

Liabilities

Down

$12,223,309

Down $443,496 (-3.5%) from 2022

Revenue

Up

$1,887,124

Up $15,968 (+0.9%) from 2022

Expenses

Up

$1,658,159

Up $18,730 (+1.1%) from 2022

Net Income

Down

$228,965

Down $2,762 (-1.2%) from 2022

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2010: $13,709,472Liabilities 2010: $11,980,979Net Assets 2010: $1,728,4932010Assets 2014: $16,529,144Liabilities 2014: $17,666,671Net Assets 2014: -$1,137,5272014Assets 2015: $16,077,779Liabilities 2015: $17,177,681Net Assets 2015: -$1,099,9022015Assets 2016: $15,788,243Liabilities 2016: $16,272,248Net Assets 2016: -$484,0052016Assets 2017: $15,380,444Liabilities 2017: $15,847,513Net Assets 2017: -$467,0692017Assets 2018: $15,049,146Liabilities 2018: $15,410,294Net Assets 2018: -$361,1482018Assets 2019: $13,864,962Liabilities 2019: $13,983,377Net Assets 2019: -$118,4152019Assets 2020: $13,786,360Liabilities 2020: $13,743,229Net Assets 2020: $43,1312020Assets 2021: $13,574,130Liabilities 2021: $13,199,466Net Assets 2021: $374,6642021Assets 2022: $13,273,196Liabilities 2022: $12,666,805Net Assets 2022: $606,3912022Assets 2023: $12,163,456Liabilities 2023: $12,223,309Net Assets 2023: -$59,8532023Assets 2024: $11,875,703Liabilities 2024: $11,677,595Net Assets 2024: $198,1082024Assets 2025: $12,006,355Liabilities 2025: $11,523,429Net Assets 2025: $482,9262025

Highlighted filing

2023

Assets$12,163,456
Liabilities$12,223,309
Net Assets-$59,853

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2010: $02010Revenue 2014: $1,585,503Expenses 2014: $1,547,302Net Income 2014: $38,2012014Revenue 2015: $1,556,503Expenses 2015: $1,518,878Net Income 2015: $37,6252015Revenue 2016: $2,169,017Expenses 2016: $1,553,120Net Income 2016: $615,8972016Revenue 2017: $1,674,318Expenses 2017: $1,657,382Net Income 2017: $16,9362017Revenue 2018: $1,720,666Expenses 2018: $1,614,745Net Income 2018: $105,9212018Revenue 2019: $1,790,759Expenses 2019: $1,548,026Net Income 2019: $242,7332019Revenue 2020: $1,792,217Expenses 2020: $1,630,671Net Income 2020: $161,5462020Revenue 2021: $1,879,761Expenses 2021: $1,548,228Net Income 2021: $331,5332021Revenue 2022: $1,871,156Expenses 2022: $1,639,429Net Income 2022: $231,7272022Revenue 2023: $1,887,124Expenses 2023: $1,658,159Net Income 2023: $228,9652023Revenue 2024: $1,976,309Expenses 2024: $1,718,348Net Income 2024: $257,9612024Revenue 2025: $2,049,351Expenses 2025: $1,764,534Net Income 2025: $284,8172025

Highlighted filing

2023

Revenue$1,887,124
Expenses$1,658,159
Net Income$228,965
Jump To
Filing Snapshot
Filing Period
May 1, 2022 to Apr 30, 2023
Signed
Feb 14, 2024
Return Version
2022v5.0
Gross Receipts
$1,887,124
Mission and Program Overview

Mission

Provide housing and other facilities for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,259,496$10,875,901▼ $383,595
Savings and Temporary Cash Investments$1,072,093$1,235,413▲ $163,320
Intangible Assets$895,209$0▼ $895,209
Prepaid Expenses and Deferred Charges$38,064$43,487▲ $5,423
Accounts Receivable$8,334$8,655▲ $321
Total Assets$13,273,196$12,163,456▼ $1,109,740
Liabilities
Tax Exempt Bond Liabilities$7,677,421$7,339,877▼ $337,544
Other Liabilities$4,859,079$4,698,077▼ $161,002
Accounts Payable and Accrued Expenses$130,305$185,355▲ $55,050
Total Liabilities$12,666,805$12,223,309▼ $443,496
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$606,391$-59,853▼ $666,244
Total Net Assets Fund Balance$606,391$-59,853▼ $666,244
Total Liabilities and Net Assets / Fund Balance$13,273,196$12,163,456▼ $1,109,740

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,076,785$4,310,029$14,386,814
Land$683,451-$683,451
Other Land Buildings$74,006$242,245$316,251
Equipment$18,282$95,170$113,452
Leasehold Improvements$23,377$16,150$39,527
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard HarmonPresident
Barbara MccordVice President
Joe DragoshDirector
Patty MooreSecretary
Gerald SandersonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Essex CorporationMgmt Fees/leased Emp11606 NICHOLAS STREET 100, Omaha, NE 68154$251,206
Gerontological ServicesMgmt Fees/leased Emp1980 112TH AVE SUITE 210, Bellevue, WA 98004$172,655
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,880,029
Investment Income
$7,095
Other Revenue
$0
Change in Net Assets
$228,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,887,124
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,887,124
Total Revenue per Form 990
$1,887,124
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,658,159
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$392,547--$392,547
Occupancy$345,851--$345,851
Interest$291,975--$291,975
Insurance$86,927--$86,927
Fees for Services Management-$84,488-$84,488
Advertising$31,336--$31,336
Fees for Services Accounting-$8,159-$8,159
Other Expenses$6,800--$6,800
Information Technology$3,608--$3,608
Office Expenses$1,945--$1,945
Fees for Services Other-$1,250-$1,250
Total Functional Expenses$1,564,262$93,897$0$1,658,159

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,658,159
Total Expenses per Audited Statements$1,658,159
Total Expenses per Form 990$1,658,159
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Resident/ofcMembership FeesNo$28,692
-Resident/ofcMembership FeesNo$26,364
-Resident/ofcMembership FeesNo$22,332
-Resident/ofcMembership FeesNo$21,936
-Resident/ofcMembership FeesNo$17,064
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Resident Entrance Fee$4,670,477
Reservation Deposits$27,600

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Mission Kansas2014-01-01$10,000,000Refinance previous bond issue

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,000,000$10,000,000--

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Essex corporation - management company gerontological services, llc a division of transforming age - management company

Form 990, Part VI, Section A, Line 6

5 elected members serve on the board of directors

Form 990, Part VI, Section A, Line 7A

Members of the board of directors have the power to elect or appoint one or more members of the governing body.

Form 990, Part VI, Section A, Line 7B

Members of the housing facility

Form 990, Part VI, Section A, Line 8B

N/A

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

Form 990 is reviewed and approved by the board and property management agent.

Form 990, Part VI, Section B, Line 12C

Periodic reviews will be conducted to ensure that any conflicts of interests that may arise with board members have been disclosed. Board members must sign a statement annually indicating that they have received, read, and understood a copy of the conflict of interest policy, and that they agree to comply with the policy. Should a conflict of interest arise, an interested person may not vote on any transaction or arrangement that involves the possible conflict of interest.

Form 990, Part VI, Section C, Line 18

Copies of governing documents and audited financial statements are made available upon request.

Form 990, Part VI, Section C, Line 19

The organizational and governing documents, as well as financial statements, are available at the facility and the offices of the facility's management agent and can be reviewed upon request by any interested parties.

Filing and Contact Details

Filer

Filer Name
Mission Square Inc
EIN
26-2620831
Phone
4024310500
Address
11606 NICHOLAS STREET 100, OMAHA, NE 68154

Signing Officer

Name
Gerald Sanderson
Title
Treasurer
Phone
4024310500
Signed
2024-02-14
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Ks
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
55

Preparer

Firm
Lutz and Company Pc
Address
13616 CALIFORNIA ST STE 300, OMAHA, NE 68154-5336
Preparer
Hannah Goscha
Phone
4024968800
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 28A

Board members are also residents of the facility. Thus, the organization has issued rights to units to board members. Board members/residents pay an initial membership fee and a monthly service fee at the same rate as all other residents.

Form 990, Part XI, Line 8

The 2022 financial statements have been restated to correct an error. The organization historically capitalized marketing costs incurred to obtain initial contracts of the facility. Under new accounting guidance in asu 201409, only incremental costs of obtaining a contract with a customer can be capitalized. The organization's capitalized marketing costs do not meet the criteria for capitalization under asu 201409 and should have been reflected as a cumulative effect adjustment to beginning net assets in the year of adoption of asu 201409. The 2022 financial statements have been restated to reflect the removal of the deferred marketing costs asset and the related reduction of amortization expenses and beginning net assets.

Financial Statement Notes

PART X, LINE 2:

The organization adopted the provisions of fasb codification topic 740-10 related to uncertain income tax positions. As a result of the organization being a non-profit corporation, management believes there are no uncertain income tax positions taken which would require the organization to reflect a liability for unrecognized tax benefits on the accompanying statements of financial position.

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IRS990/PYTotalRevenueAmt01871156
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0228965
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01880029
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0152330
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0168667
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0700448
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01880029
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01787699
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01782082
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09136894
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt032059
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IRS990ScheduleA/InvestmentIncomePYPct00.00370
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/TotalAmt09188958
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01887124
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01790759
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09221017
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/EquipmentGrp/BookValueAmt018282
IRS990ScheduleD/EquipmentGrp/DepreciationAmt095170
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt023377
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt016150
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt039527
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt074006
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14670477
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESERVATION DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED RESIDENT ENTRANCE FEE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01887124
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ADOPTED THE PROVISIONS OF FASB CODIFICATION TOPIC 740-10 RELATED TO UNCERTAIN INCOME TAX POSITIONS. AS A RESULT OF THE ORGANIZATION BEING A NON-PROFIT CORPORATION, MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN INCOME TAX POSITIONS TAKEN WHICH WOULD REQUIRE THE ORGANIZATION TO REFLECT A LIABILITY FOR UNRECOGNIZED TAX BENEFITS ON THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt04698077
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01887124
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01658159
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02014-01-01
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CITY OF MISSION KANSAS
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0REFINANCE PREVIOUS BOND ISSUE
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0JOSEPH DRAGOSH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1RICHARD HARMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2GERALD SANDERSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt3BARBARA MCCORD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt4PATRICIA MOORE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0RESIDENT/OFC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1RESIDENT/OFC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2RESIDENT/OFC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3RESIDENT/OFC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4RESIDENT/OFC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd40
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MEMBERSHIP FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MEMBERSHIP FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2MEMBERSHIP FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3MEMBERSHIP FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4MEMBERSHIP FEES

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