Civic Intelligence

Richard Walz Apartments Inc.

990 • Fiscal year 2015 • EIN 26-4592409

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 21, 2015

2013 William StreetJefferson City, MO 65109

(573) 636-8108

Siviq Scores

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

Liabilities / Assets

45th percentile

0.07x

Higher debt load relative to assets than 45% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

88th percentile

1.49x

Higher debt load relative to revenue than 88% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

6th percentile

-54%

Higher net margin than 6% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

90th percentile

$211,093

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 352.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

37th percentile

-2.0%

Faster asset growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

37th percentile

-1.2%

Faster revenue growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,237,778

Down $24,710 (-2.0%) from 2014

Net Assets

Down

$1,148,361

Down $32,082 (-2.7%) from 2014

Liabilities

Up

$89,417

Up $7,372 (+9.0%) from 2014

Revenue

Down

$59,855

Down $701 (-1.2%) from 2014

Expenses

Up

$91,937

Up $4,688 (+5.4%) from 2014

Net Income

Down

-$32,082

Down $5,389 (-20%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $1,311,067Liabilities 2012: $82,112Net Assets 2012: $1,228,9552012Assets 2013: $1,291,387Liabilities 2013: $84,251Net Assets 2013: $1,207,1362013Assets 2014: $1,262,488Liabilities 2014: $82,045Net Assets 2014: $1,180,4432014Assets 2015: $1,237,778Liabilities 2015: $89,417Net Assets 2015: $1,148,3612015Assets 2016: $1,205,313Liabilities 2016: $83,275Net Assets 2016: $1,122,0382016Assets 2017: $1,183,538Liabilities 2017: $83,992Net Assets 2017: $1,099,5462017Assets 2018: $1,159,945Liabilities 2018: $121,325Net Assets 2018: $1,038,6202018Assets 2019: $1,101,676Liabilities 2019: $91,083Net Assets 2019: $1,010,5932019Assets 2020: $1,080,130Liabilities 2020: $93,985Net Assets 2020: $986,1452020Assets 2021: $1,053,013Liabilities 2021: $92,067Net Assets 2021: $960,9462021Assets 2022: $1,032,255Liabilities 2022: $97,487Net Assets 2022: $934,7682022Assets 2023: $1,009,972Liabilities 2023: $101,793Net Assets 2023: $908,1792023Assets 2024: $975,072Liabilities 2024: $83,048Net Assets 2024: $892,0242024Assets 2025: $948,064Liabilities 2025: $97,643Net Assets 2025: $850,4212025

Highlighted filing

2015

Assets$1,237,778
Liabilities$89,417
Net Assets$1,148,361

Operations Trend

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

$150K$100K$50K$0-$50K-$100KExpenses 2012: $69,8792012Expenses 2013: $82,5362013Revenue 2014: $60,556Expenses 2014: $87,249Net Income 2014: -$26,6932014Revenue 2015: $59,855Expenses 2015: $91,937Net Income 2015: -$32,0822015Revenue 2016: $59,535Expenses 2016: $85,858Net Income 2016: -$26,3232016Revenue 2017: $60,154Expenses 2017: $82,646Net Income 2017: -$22,4922017Revenue 2018: $58,035Expenses 2018: $118,961Net Income 2018: -$60,9262018Revenue 2019: $59,507Expenses 2019: $87,534Net Income 2019: -$28,0272019Revenue 2020: $59,801Expenses 2020: $84,249Net Income 2020: -$24,4482020Revenue 2021: $59,774Expenses 2021: $84,973Net Income 2021: -$25,1992021Revenue 2022: $64,526Expenses 2022: $90,704Net Income 2022: -$26,1782022Revenue 2023: $66,820Expenses 2023: $93,409Net Income 2023: -$26,5892023Revenue 2024: $81,033Expenses 2024: $97,188Net Income 2024: -$16,1552024Revenue 2025: $67,135Expenses 2025: $108,738Net Income 2025: -$41,6032025

Highlighted filing

2015

Revenue$59,855
Expenses$91,937
Net Income-$32,082
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 21, 2015
Return Version
2014v5.0
Gross Receipts
$59,855
Mission and Program Overview

Mission

Richard walz apartments, inc. (the organization) is a ten bed residential facility, with nine subsidized units. The organization's project provides supportive housing for persons with chronic mental health disabilities. The facility is located in jefferson city, missouri. The organization's project is operated under section 811 of the national affordable housing act and regulated by the u.s. Department of housing and urban development (hud) with respect to rental charges and operating methods. The organization's major program is its section 811 capital advance and the related project rental assistance contract (prac).

To provide chronically mentally ill persons with housing facilities and services designed to meet their physical, social, and psychological needs, and to promote their health, security and happiness and usefulness in longer living.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,213,725$1,182,588▼ $31,137
Savings and Temporary Cash Investments$47,302$53,033▲ $5,731
Cash and Non-Interest-Bearing Accounts$1,461$2,157▲ $696
Total Assets$1,262,488$1,237,778▼ $24,710
Liabilities
Other Liabilities$79,427$79,170▼ $257
Accounts Payable and Accrued Expenses$2,618$10,247▲ $7,629
Total Liabilities$82,045$89,417▲ $7,372
Net Assets / Fund Balance
Unrestricted Net Assets$1,180,443$1,148,361▼ $32,082
Total Net Assets Fund Balance$1,180,443$1,148,361▼ $32,082
Total Liabilities and Net Assets / Fund Balance$1,262,488$1,237,778▼ $24,710

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,079,368$117,160$1,196,528
Land$100,000-$100,000
Equipment$3,220$12,820$16,040
Compensation and Service Providers

Employees

NameTitleOtherTotal
Chi CheungExecutive Di$211,093$211,093

Board Members and Trustees

NameTitle
Stephen BuchholzPresident
Amparo ThomasDirector
Christopher CumminghamDirector
Donald FairmanDirector
Eugene DroderDirector
Chi CheungExecutive Director
Candace TreatSecretary
Greg BowmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$31,549
Program Service Revenue
$25,392
Investment Income
$22
Other Revenue
$2,892
All Other Contributions
$31,549
Change in Net Assets
$-32,082

Audited Revenue Reconciliation

Revenue per Audited Statements
$59,855
Total Revenue per Audited Statements
$59,855
Total Revenue per Form 990
$59,855
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$74,054
Salaries, Compensation, and Employee Benefits$17,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$31,137--$31,137
Occupancy$27,931--$27,931
Other Salaries and Wages-$16,002-$16,002
Insurance-$5,024-$5,024
Fees for Services Management-$4,008-$4,008
Fees for Services Accounting-$3,830-$3,830
Office Expenses-$1,708-$1,708
Payroll Taxes-$1,166-$1,166
Other Employee Benefits-$715-$715
Other Expenses-$416-$416
Total Functional Expenses$59,068$32,869$0$91,937

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$91,937
Total Expenses per Audited Statements$91,937
Total Expenses per Form 990$91,937
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
Investment by Affiliate$77,316
Client Security Deposit$1,854
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is copied and distributed to board members at a quarterly meeting or is delivered to members electronically if no current meeting is scheduled. The 990 is reviewed by management prior to filing.

Form 990, Page 6, Part VI, Line 12C

The ogranization follows missouri revised statute 355.461.1 requiring annual disclosure of conflicts of interest, if any.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Form 990, Page 7, Part VII

The organization follows missouri revised statute 355.416.1 requiring annual disclosure of conflicts of interest, if any.

Filing and Contact Details

Filer

Filer Name
Richard Walz Apartments
EIN
26-4592409
Address
2013 WILLIAM STREET, JEFFERSON CITY, MO 65109

Signing Officer

Name
Chi Cheung
Title
Executive Director
Signed
2015-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Walz Apartments
Formed
2009
Legal Domicile
Mo
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
GERDING KORTE & CHITWOOD PC CPA'S
Address
20 SOUTH FIFTH STREET, COLUMBIA, MO 65201
Preparer
James R Mcginnis
Phone
5734491599
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide chronically mentally ill persons with housing facilities and services designed to meet their physical, social, and psychological needs, and to promote their health, security and happiness and usefulness in longer living.

Form 990

Part x - balance sheet - secured mortgages and notes payable to unrelated third parties: the land and buildings of the organization are secured by a no interest, no payment mortgage from the u.s. Department of housing and urban development (hud). The mortgage will be forgiven after the facility is used for an independent living facility for 40 years.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE CHRONICALLY MENTALLY ILL PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY AND HAPPINESS AND USEFULNESS IN LONGER LIVING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PART X - BALANCE SHEET - SECURED MORTGAGES AND NOTES PAYABLE TO UNRELATED THIRD PARTIES: THE LAND AND BUILDINGS OF THE ORGANIZATION ARE SECURED BY A NO INTEREST, NO PAYMENT MORTGAGE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE MORTGAGE WILL BE FORGIVEN AFTER THE FACILITY IS USED FOR AN INDEPENDENT LIVING FACILITY FOR 40 YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS COPIED AND DISTRIBUTED TO BOARD MEMBERS AT A QUARTERLY MEETING OR IS DELIVERED TO MEMBERS ELECTRONICALLY IF NO CURRENT MEETING IS SCHEDULED. THE 990 IS REVIEWED BY MANAGEMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE OGRANIZATION FOLLOWS MISSOURI REVISED STATUTE 355.461.1 REQUIRING ANNUAL DISCLOSURE OF CONFLICTS OF INTEREST, IF ANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION FOLLOWS MISSOURI REVISED STATUTE 355.416.1 REQUIRING ANNUAL DISCLOSURE OF CONFLICTS OF INTEREST, IF ANY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 7, PART VII
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2HARAMBEE HOUSE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3MCKEE STREET APARTMENTS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1450511565
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt32013 WILLIAM STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt02013 WILLIAM STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt12013 WILLIAM STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt22013 WILLIAM STREET
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IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt017864
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt14008
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NEW HORIZONS COMMUNITY SUPPORT SERV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt0NEW HORIZONS COMMUNITY SUPPORT SERV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt1NEW HORIZONS COMMUNITY SUPPORT SERVICES
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IRS990/SignificantChangeInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01262488
IRS990/TotalAssetsEOYAmt01237778
IRS990/TotalAssetsGrp/BOYAmt01262488
IRS990/TotalAssetsGrp/EOYAmt01237778
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.95$0.10$0.85$0.07$0.11$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.98$0.08$0.89$0.08$0.10$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.01$0.10$0.91$0.07$0.09$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.03$0.10$0.93$0.06$0.09$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.09$0.96$0.06$0.08$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.08$0.09$0.99$0.06$0.08$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.10$0.09$1.01$0.06$0.09$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.16$0.12$1.04$0.06$0.12$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.18$0.08$1.10$0.06$0.08$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.21$0.08$1.12$0.06$0.09$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.24$0.09$1.15$0.06$0.09$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.26$0.08$1.18$0.06$0.09$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.08$1.21$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.08$1.23$0.07
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits