Civic Intelligence

Kay Goss Apartments Inc

EIN 30-0186032 • 501(c)3 • Malvern, AR

Profile

NONE

212 S Main StreetMalvern, AR 72104

www.healthresourcesofarkansas.com

Siviq Scores

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

Liabilities / Assets

56th percentile

0.04x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

70th percentile

0.10x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

81st percentile

30%

Higher net margin than 81% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

44th percentile

1.1%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2025

Revenue Growth

68th percentile

21%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2025

Assets

Up

$531,293

Up $16,805 (+3.3%) from 2022

Liabilities

Down

$18,678

Down $24,871 (-57%) from 2022

Net Assets

Up

$512,615

Up $41,676 (+8.8%) from 2022

Revenue

Up

$180,083

Up $78,002 (+76%) from 2022

Expenses

Up

$125,807

Up $26,704 (+27%) from 2022

Net Income

Up

$54,276

Up $51,298 (+1723%) from 2022

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $670,975Liabilities 2015: $7,886Net Assets 2015: $663,0892015Assets 2016: $646,483Liabilities 2016: $17,279Net Assets 2016: $629,2042016Assets 2017: $627,334Liabilities 2017: $36,213Net Assets 2017: $591,1212017Assets 2018: $606,345Liabilities 2018: $45,085Net Assets 2018: $561,2602018Assets 2019: $583,950Liabilities 2019: $53,318Net Assets 2019: $530,6322019Assets 2020: $557,659Liabilities 2020: $63,475Net Assets 2020: $494,1842020Assets 2022: $514,488Liabilities 2022: $43,549Net Assets 2022: $470,9392022Assets 2025: $531,293Liabilities 2025: $18,678Net Assets 2025: $512,6152025

Highlighted filing

2025

Assets$531,293
Liabilities$18,678
Net Assets$512,615

Operations Trend

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

$200K$100K$0-$100KRevenue 2015: $137,036Expenses 2015: $85,233Net Income 2015: $51,8032015Revenue 2016: $54,873Expenses 2016: $88,758Net Income 2016: -$33,8852016Revenue 2017: $51,714Expenses 2017: $89,797Net Income 2017: -$38,0832017Revenue 2018: $55,573Expenses 2018: $85,434Net Income 2018: -$29,8612018Revenue 2019: $47,348Expenses 2019: $77,976Net Income 2019: -$30,6282019Revenue 2020: $55,860Expenses 2020: $92,941Net Income 2020: -$37,0812020Revenue 2022: $102,081Expenses 2022: $99,103Net Income 2022: $2,9782022Revenue 2025: $180,083Expenses 2025: $125,807Net Income 2025: $54,2762025

Highlighted filing

2025

Revenue$180,083
Expenses$125,807
Net Income$54,276

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 2, 2025
Return Version
2024v5.0
Gross Receipts
$180,083
Mission and Program Overview

Mission

Through our hud housing services we are committed to providing quality housing to assist individuals served in achieving living stability and promoting self-sufficiency.

To provide low-income housing for persons with disabilities in searcy, arkansas based on the requirements established by the u.s. Department of housing & urban development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$456,518$477,436▲ $20,918
Prepaid Expenses and Deferred Charges-$10,978-
Accounts Receivable$3,865--
Cash and Non-Interest-Bearing Accounts$40,439$458▼ $39,981
Total Assets$524,344$531,293▲ $6,949
Other Assets Total$23,522$42,421▲ $18,899
Liabilities
Accounts Payable and Accrued Expenses$62,871$14,934▼ $47,937
Other Liabilities$2,922$3,534▲ $612
Deferred Revenue$212$210▼ $2
Total Liabilities$66,005$18,678▼ $47,327
Net Assets / Fund Balance
Net Assets With Donor Restrictions$844,300$458,340▼ $385,960
Net Assets Without Donor Restrictions$-385,961$54,275▲ $440,236
Total Net Assets Fund Balance$458,339$512,615▲ $54,276
Total Liabilities and Net Assets / Fund Balance$524,344$531,293▲ $6,949

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$430,436$440,385$870,821
Land$47,000-$47,000
Equipment-$27,394$27,394
Other Land Buildings-$5,729$5,729
Other Assets Org$3,755--
Compensation and Service Providers

Board Members and Trustees

NameTitle
C Carl SchultzPresident
Cynthia WheelerSecretary
Jeffrey OwensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$180,019
Investment Income
$64
Other Revenue
$0
Change in Net Assets
$54,276

Audited Revenue Reconciliation

Revenue per Audited Statements
$180,083
Total Revenue per Audited Statements
$180,083
Total Revenue per Form 990
$180,083
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$102,020
Salaries, Compensation, and Employee Benefits$23,787
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$25,683-$25,683
Other Salaries and Wages$21,946--$21,946
Depreciation Depletion$21,581--$21,581
Insurance$13,207--$13,207
Occupancy$8,970--$8,970
Fees for Services Accounting-$7,898-$7,898
All Other Expenses$6,874$79-$6,953
Other Expenses$3,359--$3,359
Office Expenses$2,064--$2,064
Payroll Taxes$1,841--$1,841
Conferences and Meetings-$269-$269
Total Functional Expenses$91,878$33,929$0$125,807

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$125,807
Total Expenses per Audited Statements$125,807
Total Expenses per Form 990$125,807
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
Ar Consolidated Payroll ProcessingOwnerPayroll ServicesNo$68,475
Intrepid Management IncOwnerManagement AgentYes$36,110
Certified Heat AirBrotherReoaur ServicesNo$7,652
Intrepid Management IncOwnerAdmin ServicesNo$547
Intrepid Investments IncOwnerBackground ChecksNo$59
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ten Security Deposits Held$3,534
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

C carl schultz cynthia wheeler president secretary siblings c carl schultz jeffrey owens president treasurer employee/employer

Form 990, Page 6, Part VI, Line 3

The board has delegated management control to a management company, intrepid management, inc. All decisions, except review of the annual audit and form 990 tax return, are made by the management company.

Form 990, Page 6, Part VI, Line 7A

The number of directors of the corporation shall be 3, who shall elect their successors, in the event of a vacancy, and who shall elect the officers of the corporation. All directors and officers shall serve one year terms, but shall serve until their successors are elected.

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

The form 990 tax return is prepared by a 3rd party cpa firm and provided to all members of the board for review and signature.

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

The board is required to update and disclose related party transactions in the annual audit each year and submit to 3rd party grantors.

Form 990, Page 6, Part VI, Line 19

Governing documents are not provided for public access but can be reviewed upon request.

Filing and Contact Details

Filer

Filer Name
Kay Goss Apartments Inc
EIN
30-0186032
Phone
5012800037
Address
212 S MAIN STREET, MALVERN, AR 72104

Signing Officer

Name
C Carl Schultz
Title
President
Phone
9012800037
Signed
2025-09-02

Organization Details

Principal Officer
C Carl Schultz
Formed
2002
Legal Domicile
Ar
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Fleet Firm
Address
759 TEALWOOD LN, CORDOVA, TN 38018-6334
Preparer
Nelson K Fleet CPA
Phone
9013364602
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IRS990ScheduleD/TotalExpensesPerForm990Amt0125807
IRS990ScheduleD/TotalLiabilityAmt03534
IRS990ScheduleD/TotalRevenuePerForm990Amt0180083
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0180083
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0125807
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0AR CONSOLIDATED PAYROLL PROCESSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1INTREPID INVESTMENTS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2INTREPID MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3INTREPID MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4CERTIFIED HEAT AIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4BROTHER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2true
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt068475
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt159
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt236110
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt3547
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt47652
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PAYROLL SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1BACKGROUND CHECKS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2MANAGEMENT AGENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3ADMIN SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4REOAUR SERVICES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0C. CARL SCHULTZ IS PRESIDENT OF THE ENTITY AND IS THE SOLE OWNER OF ARKANSAS CONSOLIDATED PAYROLL PROCESSING, LLC. SERVICES PROVIDED INCLUDE PAYROLL PROCESSING AND LEASING OF EMPLOYEES. C. CARL SCHULTZ AND CYNTHIA WHEELER ARE SIBLINGS AND OFFICERS OF THE ENTITY. THEY ARE OWNERS OF INTREPID INVESTMENTS, INC. AND INTREPID MANAGEMENT, INC. C. CARL SCHULTZ IS PRESIDENT OF THE ENTITY AND IS VICE PRESIDENT OF UNITED PROPERTIES MANAGEMENT, INC. SERVICES PROVIDED INCLUDE REIMBURSED CENTRAL ADMINISTRATIVE EXPENSES.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0C CARL SCHULTZ CYNTHIA WHEELER PRESIDENT SECRETARY SIBLINGS C CARL SCHULTZ JEFFREY OWENS PRESIDENT TREASURER EMPLOYEE/EMPLOYER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD HAS DELEGATED MANAGEMENT CONTROL TO A MANAGEMENT COMPANY, INTREPID MANAGEMENT, INC. ALL DECISIONS, EXCEPT REVIEW OF THE ANNUAL AUDIT AND FORM 990 TAX RETURN, ARE MADE BY THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE NUMBER OF DIRECTORS OF THE CORPORATION SHALL BE 3, WHO SHALL ELECT THEIR SUCCESSORS, IN THE EVENT OF A VACANCY, AND WHO SHALL ELECT THE OFFICERS OF THE CORPORATION. ALL DIRECTORS AND OFFICERS SHALL SERVE ONE YEAR TERMS, BUT SHALL SERVE UNTIL THEIR SUCCESSORS ARE ELECTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 TAX RETURN IS PREPARED BY A 3RD PARTY CPA FIRM AND PROVIDED TO ALL MEMBERS OF THE BOARD FOR REVIEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD IS REQUIRED TO UPDATE AND DISCLOSE RELATED PARTY TRANSACTIONS IN THE ANNUAL AUDIT EACH YEAR AND SUBMIT TO 3RD PARTY GRANTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE NOT PROVIDED FOR PUBLIC ACCESS BUT CAN BE REVIEWED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0524344
IRS990/TotalAssetsEOYAmt0531293
IRS990/TotalAssetsGrp/BOYAmt0524344
IRS990/TotalAssetsGrp/EOYAmt0531293
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033929
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt091878
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125807
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt066005
IRS990/TotalLiabilitiesEOYAmt018678
IRS990/TotalLiabilitiesGrp/BOYAmt066005
IRS990/TotalLiabilitiesGrp/EOYAmt018678
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0458339
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0512615
IRS990/TotalProgramServiceExpensesAmt091878
IRS990/TotalProgramServiceRevenueAmt0180019
IRS990/TotalRevenueGrp/ExclusionAmt064
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0180019
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0180083
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0524344
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0531293
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0212 S MAIN STREET
IRS990/USAddress/CityNm0MALVERN
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072104
IRS990/VotingMembersGoverningBodyCnt03
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0C CARL SCHULTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09012800037
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KAY GOSS APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0KAYG
ReturnHeader/Filer/EIN0300186032
ReturnHeader/Filer/PhoneNum05012800037
ReturnHeader/Filer/USAddress/AddressLine1Txt0212 S MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0MALVERN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072104
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621868414
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FLEET FIRM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0759 TEALWOOD LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORDOVA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0380186334
ReturnHeader/PreparerPersonGrp/PhoneNum09013364602
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NELSON K FLEET CPA
ReturnHeader/ReturnTs02025-09-24T14:15:06-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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