Civic Intelligence

Margaret Manor Elderly Housing Inc

EIN 27-3463293 • 501(c)3 • Shawnee, OK

Profile

Provide 20 units of HUD Section 202 housing for low income elderly individuals.

2805 N UnionShawnee, OK 74801
Siviq Scores

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

Liabilities / Assets

96th percentile

1.47x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

17.75x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

5th percentile

-63%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

24th percentile

-4.8%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-16%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,414,972

Down $70,577 (-4.8%) from 2023

Liabilities

Up

$2,086,973

Up $4,061 (+0.2%) from 2023

Net Assets

Down

-$672,001

Down $74,638 (-12%) from 2023

Revenue

Down

$117,547

Down $21,808 (-16%) from 2023

Expenses

Down

$192,185

Down $4,822 (-2.4%) from 2023

Net Income

Down

-$74,638

Down $16,986 (-29%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2013: $2,153,871Liabilities 2013: $2,069,278Net Assets 2013: $84,5932013Assets 2014: $2,091,370Liabilities 2014: $2,069,261Net Assets 2014: $22,1092014Assets 2015: $2,032,122Liabilities 2015: $2,071,438Net Assets 2015: -$39,3162015Assets 2016: $1,959,401Liabilities 2016: $2,078,654Net Assets 2016: -$119,2532016Assets 2017: $1,895,816Liabilities 2017: $2,080,421Net Assets 2017: -$184,6052017Assets 2018: $1,821,273Liabilities 2018: $2,073,208Net Assets 2018: -$251,9352018Assets 2019: $1,744,184Liabilities 2019: $2,075,210Net Assets 2019: -$331,0262019Assets 2020: $1,667,214Liabilities 2020: $2,072,728Net Assets 2020: -$405,5142020Assets 2021: $1,605,010Liabilities 2021: $2,069,699Net Assets 2021: -$464,6892021Assets 2022: $1,531,563Liabilities 2022: $2,071,274Net Assets 2022: -$539,7112022Assets 2023: $1,485,549Liabilities 2023: $2,082,912Net Assets 2023: -$597,3632023Assets 2024: $1,414,972Liabilities 2024: $2,086,973Net Assets 2024: -$672,0012024

Highlighted filing

2024

Assets$1,414,972
Liabilities$2,086,973
Net Assets-$672,001

Operations Trend

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

$200K$100K$0-$100KRevenue 2013: $122,461Expenses 2013: $189,605Net Income 2013: -$67,1442013Revenue 2014: $113,292Expenses 2014: $175,776Net Income 2014: -$62,4842014Revenue 2015: $114,615Expenses 2015: $176,040Net Income 2015: -$61,4252015Revenue 2016: $110,799Expenses 2016: $190,736Net Income 2016: -$79,9372016Revenue 2017: $112,672Expenses 2017: $178,024Net Income 2017: -$65,3522017Revenue 2018: $111,149Expenses 2018: $178,479Net Income 2018: -$67,3302018Revenue 2019: $105,120Expenses 2019: $184,211Net Income 2019: -$79,0912019Revenue 2020: $103,408Expenses 2020: $177,896Net Income 2020: -$74,4882020Revenue 2021: $113,586Expenses 2021: $172,761Net Income 2021: -$59,1752021Revenue 2022: $110,947Expenses 2022: $185,969Net Income 2022: -$75,0222022Revenue 2023: $139,355Expenses 2023: $197,007Net Income 2023: -$57,6522023Revenue 2024: $117,547Expenses 2024: $192,185Net Income 2024: -$74,6382024

Highlighted filing

2024

Revenue$117,547
Expenses$192,185
Net Income-$74,638

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 24, 2025
Return Version
2024v5.2
Gross Receipts
$117,547
Mission and Program Overview

Mission

Provide 20 units of HUD Section 202 housing for low income elderly individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,295,828$1,222,693▼ $73,135
Prepaid Expenses and Deferred Charges$12,980$15,681▲ $2,701
Accounts Receivable$2,230$1,496▼ $734
Cash and Non-Interest-Bearing Accounts$13,109$753▼ $12,356
Total Assets$1,485,549$1,414,972▼ $70,577
Other Assets Total$161,402$174,349▲ $12,947
Liabilities
Other Liabilities$2,067,197$2,067,297▲ $100
Accounts Payable and Accrued Expenses$13,696$18,112▲ $4,416
Deferred Revenue$2,019$1,564▼ $455
Total Liabilities$2,082,912$2,086,973▲ $4,061
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,000$10,000→ $0
Net Assets Without Donor Restrictions$-607,363$-682,001▼ $74,638
Total Net Assets Fund Balance$-597,363$-672,001▼ $74,638
Total Liabilities and Net Assets / Fund Balance$1,485,549$1,414,972▼ $70,577

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,105,452$851,189-
Land$109,724--
Equipment$7,517$39,815-
Other Assets Org$2,725--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sharon WisePresident
Richard WelbourneVice-President
Cheryl SmithBoard Member
K Kirke KickingbirdBoard Member
Nicole ErskineBoard Member
Cincie UpchegoSecretary
Nathan HartTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,679
Program Service Revenue
$97,677
Investment Income
$2,986
Other Revenue
$205
Change in Net Assets
$-74,638

Audited Revenue Reconciliation

Revenue per Audited Statements
$100,868
Total Revenue per Audited Statements
$100,868
Total Revenue per Form 990
$100,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$177,888
Salaries, Compensation, and Employee Benefits$14,297
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$73,135--$73,135
Other Expenses$25,114--$25,114
Insurance$19,570--$19,570
Other Salaries and Wages$13,000--$13,000
Office Expenses$9,555--$9,555
Fees for Services Management$8,934--$8,934
Fees for Services Accounting$76$5,700-$5,776
Payroll Taxes$1,297--$1,297
Total Functional Expenses$186,485$5,700$0$192,185

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$192,185
Total Expenses per Audited Statements$192,185
Total Expenses per Form 990$192,185
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
Capital Advance$2,059,600
Tenant Security Liability$7,697
Governance and Compliance

Governance Checklist

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

Governance Explanations

Management duties delegation Part VI line 3

The organization hires a professional management agent to operate the Project. The management agent reports to the Board of Directors.

Form 990 governing body review Part VI line 11

The form is reviewed at regularly scheduled monthly meetings.

Conflict of interest policy compliance Part VI line 12C

The Board oversees the activities of the property manager who selects the contractors and ensures contractors are not related.

Governing documents etc available to public Part VI line 19

The governing documents, conflict of interest policy, and financial statements are available upon proper request.

Filing and Contact Details

Filer

Filer Name
Margaret Manor Elderly Housing Inc
EIN
27-3463293
In Care Of
% Sharon Wise
Phone
4056051725
Address
2805 N Union, Shawnee, OK 74801

Signing Officer

Name
Sharon Wise
Title
President
Phone
4056051725
Signed
2025-02-24
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Ok
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
7

Preparer

Firm
John Flusche CPA
Address
5735 East 102nd Street, Tulsa, OK 74137
Preparer
John Flusche
Phone
9188610130
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0440256
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IRS990ScheduleA/PublicSupportCY170Pct00.24720
IRS990ScheduleA/PublicSupportPY170Pct00.28770
IRS990ScheduleA/PublicSupportTotal170Amt0144587
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt027555
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt033415
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt035437
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt031501
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0144587
IRS990ScheduleA/TotalSupportAmt0584843
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IRS990ScheduleD/BuildingsGrp/BookValueAmt01105452
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0851189
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01956641
IRS990ScheduleD/EquipmentGrp/BookValueAmt07517
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039815
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt047332
IRS990ScheduleD/ExpensesSubtotalAmt0192185
IRS990ScheduleD/LandGrp/BookValueAmt0109724
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0109724
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06314
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1155310
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt210000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt32725
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Replacement Reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OMCI
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Escrow Deposits
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12059600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Capital Advance
IRS990ScheduleD/RevenueSubtotalAmt0100868
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01222693
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0174349
IRS990ScheduleD/TotalExpensesPerForm990Amt0192185
IRS990ScheduleD/TotalLiabilityAmt02067297
IRS990ScheduleD/TotalRevenuePerForm990Amt0100868
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0100868
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization hires a professional management agent to operate the Project. The management agent reports to the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The form is reviewed at regularly scheduled monthly meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board oversees the activities of the property manager who selects the contractors and ensures contractors are not related.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents, conflict of interest policy, and financial statements are available upon proper request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt01414972
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IRS990/TotalContributionsAmt016679
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05700
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0186485
IRS990/TotalFunctionalExpensesGrp/TotalAmt0192185
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02082912
IRS990/TotalLiabilitiesEOYAmt02086973
IRS990/TotalLiabilitiesGrp/BOYAmt02082912
IRS990/TotalLiabilitiesGrp/EOYAmt02086973
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-597363
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-672001
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0186485
IRS990/TotalProgramServiceRevenueAmt097677
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0100868
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0117547
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01485549
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01414972
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHARON WISE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04056051725
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Margaret Manor Elderly Housing Inc
ReturnHeader/Filer/BusinessNameControlTxt0MARG
ReturnHeader/Filer/EIN0273463293
ReturnHeader/Filer/InCareOfNm0% Sharon Wise
ReturnHeader/Filer/PhoneNum04056051725
ReturnHeader/Filer/USAddress/AddressLine1Txt02805 N Union
ReturnHeader/Filer/USAddress/CityNm0Shawnee
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074801
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731513650
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0John Flusche CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05735 East 102nd Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tulsa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd074137
ReturnHeader/PreparerPersonGrp/PhoneNum09188610130
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN FLUSCHE
ReturnHeader/ReturnTs02025-11-09T08:57:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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