Civic Intelligence

Fl Business Condominiums

EIN 27-2853597 • 501(c)2 • Forest Lake, MN

Profile

Condominium owners association

80 NW 3rd StreetForest Lake, MN 55025
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)2 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)2 • <$500k nonprofits • Source year 2024

Net Margin

67th percentile

18%

Higher net margin than 67% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

501(c)2 • <$500k nonprofits • Source year 2024

Asset Growth

96th percentile

61%

Faster asset growth than 96% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

0.0%

Faster revenue growth than 55% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$5,280

Down $1,114 (-17%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$5,280

Down $1,114 (-17%) from 2021

Operations
Liabilities / Revenue57th percentileNet Margin67th percentile

Revenue

Flat

$12,000

Flat from 2021

Expenses

Up

$13,115

Up $4,604 (+54%) from 2021

Net Income

Down

-$1,115

Down $4,604 (-132%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15K$10K$5.0K$0Assets 2012: $2,461Net Assets 2012: $2,4612012Assets 2013: $13,674Liabilities 2013: $0Net Assets 2013: $13,6742013Assets 2014: $13,930Liabilities 2014: $0Net Assets 2014: $13,9302014Assets 2015: $11,958Liabilities 2015: $0Net Assets 2015: $11,9582015Assets 2016: $13,399Liabilities 2016: $0Net Assets 2016: $13,3992016Assets 2017: $11,360Liabilities 2017: $0Net Assets 2017: $11,3602017Assets 2019: $5,960Liabilities 2019: $0Net Assets 2019: $5,9602019Assets 2020: $2,905Liabilities 2020: $0Net Assets 2020: $2,9052020Assets 2021: $6,394Liabilities 2021: $0Net Assets 2021: $6,3942021Assets 2022: $5,280Liabilities 2022: $0Net Assets 2022: $5,2802022

Highlighted filing

2022

Assets$5,280
Liabilities$0
Net Assets$5,280
Open 2022 Filing

Operations Trend

Revenue Growth55th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15K$10K$5.0K$0-$5.0KRevenue 2012: $6,000Expenses 2012: $4,843Net Income 2012: $1,1572012Revenue 2013: $14,000Expenses 2013: $2,787Net Income 2013: $11,2132013Revenue 2014: $8,012Expenses 2014: $7,756Net Income 2014: $2562014Revenue 2015: $4,010Expenses 2015: $5,982Net Income 2015: -$1,9722015Revenue 2016: $8,010Expenses 2016: $6,569Net Income 2016: $1,4412016Revenue 2017: $4,010Expenses 2017: $6,049Net Income 2017: -$2,0392017Revenue 2019: $14,001Expenses 2019: $14,536Net Income 2019: -$5352019Revenue 2020: $6,000Expenses 2020: $9,055Net Income 2020: -$3,0552020Revenue 2021: $12,000Expenses 2021: $8,511Net Income 2021: $3,4892021Revenue 2022: $12,000Expenses 2022: $13,115Net Income 2022: -$1,1152022

Highlighted filing

2022

Revenue$12,000
Expenses$13,115
Net Income-$1,115
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,280
Liabilities
$0
Net assets
$5,280
Revenue
$12,000
Expenses
$13,115
Net income
-$1,115
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$5.28$0.00$5.28$12.0$13.1$1.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.39$0.00$6.39$12.0$8.51$3.49
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.91$0.00$2.91$6.00$9.06$3.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.96$0.00$5.96$14.0$14.5$0.54
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$0.00$11.4$4.01$6.05$2.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$0.00$13.4$8.01$6.57$1.44
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$0.00$12.0$4.01$5.98$1.97
2014Detailed filing. Detailed filing data is available for this year.$13.9$0.00$13.9$8.01$7.76$0.26
2013Detailed filing. Detailed filing data is available for this year.$13.7$0.00$13.7$14.0$2.79$11.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$2.46$6.00$4.84$1.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 8, 2023
Return Version
2022v5.0
Gross Receipts
$12,000
Mission and Program Overview

Mission

Condominium owners association

Program Services

DescriptionGrantsExpenses
CONDOMINIUM OWNERS ASSOCIATION.--
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID ENGELKINGMember-$0--
GARY KERKOWMember-$0--
Filing and Contact Details

Filer

Filer Name
Fl Business Condominiums
EIN
27-2853597
Address
80 NW 3RD STREET, FOREST LAKE, MN 55025

Signing Officer

Name
David Engelking
Title
Member
Phone
6514643231
Signed
2023-06-08
Discuss with paid preparer
Yes

Preparer

Firm
David E Engelking Ltd
Address
80 NW 3RD STREET, FOREST LAKE, MN 55025
Preparer
David E Engelking
Phone
6514643231
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description amountbank fees 60insurance 3,243lawncare and snowplow 5,359repairs and maintenance 3,004utilities 1,449”

Raw XML Appendix98 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0DAVID ENGELKING
IRS990EZ/BooksInCareOfDetail/PhoneNum06514643231
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt080 NW 3RD STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FOREST LAKE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055025
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt06395
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt05280
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt012000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1115
IRS990EZ/FiledScheduleAInd0false
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt06395
IRS990EZ/Form990TotalAssetsGrp/EOYAmt05280
IRS990EZ/GrossReceiptsAmt012000
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt06395
IRS990EZ/NetAssetsOrFundBalancesEOYAmt05280
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt06395
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt05280
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DAVID ENGELKING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1GARY KERKOW
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt013115
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0CONDOMINIUM OWNERS ASSOCIATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CONDOMINIUM OWNERS ASSOCIATION.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt013115
IRS990EZ/TotalRevenueAmt012000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTBANK FEES 60INSURANCE 3,243LAWNCARE AND SNOWPLOW 5,359REPAIRS AND MAINTENANCE 3,004UTILITIES 1,449
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID ENGELKING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum06514643231
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FL BUSINESS CONDOMINIUMS
ReturnHeader/Filer/BusinessNameControlTxt0FLBU
ReturnHeader/Filer/EIN0272853597
ReturnHeader/Filer/USAddress/AddressLine1Txt080 NW 3RD STREET
ReturnHeader/Filer/USAddress/CityNm0FOREST LAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055025
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411837625
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID E ENGELKING LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt080 NW 3RD STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FOREST LAKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055025
ReturnHeader/PreparerPersonGrp/PhoneNum06514643231
ReturnHeader/PreparerPersonGrp/PreparationDt02023-06-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID E ENGELKING
ReturnHeader/ReturnTs02023-06-08T11:35:42-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ENGELKING
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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