Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
EIN 27-3463293 • 501(c)3 • Shawnee, OK
Profile
Provide 20 units of HUD Section 202 housing for low income elderly individuals.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
5th percentile
Higher net margin than 5% of similar nonprofits.
Top Officer Pay
40th percentile
Higher top officer pay than 40% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
18th percentile
Faster revenue growth than 18% of similar nonprofits.
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
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Provide 20 units of HUD Section 202 housing for low income elderly individuals.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $1,105,452 | $851,189 | - |
| Land | $109,724 | - | - |
| Equipment | $7,517 | $39,815 | - |
| Other Assets Org | $2,725 | - | - |
| Name | Title |
|---|---|
| Sharon Wise | President |
| Richard Welbourne | Vice-President |
| Cheryl Smith | Board Member |
| K Kirke Kickingbird | Board Member |
| Nicole Erskine | Board Member |
| Cincie Upchego | Secretary |
| Nathan Hart | Treasurer |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $192,185 |
| Total Expenses per Audited Statements | $192,185 |
| Total Expenses per Form 990 | $192,185 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Capital Advance | $2,059,600 |
| Tenant Security Liability | $7,697 |
“The organization hires a professional management agent to operate the Project. The management agent reports to the Board of Directors.”
“The form is reviewed at regularly scheduled monthly meetings.”
“The Board oversees the activities of the property manager who selects the contractors and ensures contractors are not related.”
“The governing documents, conflict of interest policy, and financial statements are available upon proper request.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | Margaret Manor Elderly Housing, Inc. is a non-profit organization constructed by a $2,059,600 Capital Advance from HUD. All operations of Margaret Manor Elderly Housing are subject to the Capital Advance agreement and the Regulatory Agreement as directed by HUD. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | 10 Facts and Circumstances Test Part II line 17a or 17b |
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| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 851189 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 1956641 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 7517 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 39815 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 47332 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 192185 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 109724 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 109724 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 6314 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 155310 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 10000 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 2725 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Tenant Security Deposits |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | Replacement Reserve |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | OMCI |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | Escrow Deposits |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 7697 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 2059600 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Tenant Security Liability |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Capital Advance |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 100868 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1222693 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 174349 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 192185 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 2067297 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 100868 |
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| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 192185 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The organization hires a professional management agent to operate the Project. The management agent reports to the Board of Directors. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The form is reviewed at regularly scheduled monthly meetings. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The Board oversees the activities of the property manager who selects the contractors and ensures contractors are not related. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The governing documents, conflict of interest policy, and financial statements are available upon proper request. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Management duties delegation Part VI line 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990 governing body review Part VI line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Conflict of interest policy compliance Part VI line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Governing documents etc available to public Part VI line 19 |
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| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | OK |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxableDistributionsInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 1414972 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1414972 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 16679 |
| IRS990/TotalEmployeeCnt | 0 | 2 |
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| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 5700 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 186485 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 192185 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 2082912 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 2086973 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 2082912 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 2086973 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | -597363 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -672001 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
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| IRS990/TotalProgramServiceRevenueAmt | 0 | 97677 |
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| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 117547 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 7 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1485549 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1414972 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TransactionWithControlEntInd | 0 | false |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SHARON WISE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4056051725 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-02-24 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Margaret Manor Elderly Housing Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MARG |
| ReturnHeader/Filer/EIN | 0 | 273463293 |
| ReturnHeader/Filer/InCareOfNm | 0 | % Sharon Wise |
| ReturnHeader/Filer/PhoneNum | 0 | 4056051725 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2805 N Union |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Shawnee |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | OK |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 74801 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 731513650 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | John Flusche CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5735 East 102nd Street |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Tulsa |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | OK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 74137 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9188610130 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-09 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOHN FLUSCHE |
| ReturnHeader/ReturnTs | 0 | 2025-11-09T08:57:16-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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