Civic Intelligence

Asi Sioux Falls Inc C/O Accessible Space Inc

990 • Fiscal year 2017 • EIN 30-0568599

Apr 01, 2016 to Mar 31, 2017 • Filed on Jul 05, 2017

2550 University Ave West Rm 330NSt Paul, MN 55114-1903

(651) 645-7271

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

0.42x

Higher debt load relative to revenue than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

5th percentile

-63%

Higher net margin than 5% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

97th percentile

$453,795

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 531.2% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

22nd percentile

-4.2%

Faster asset growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

27th percentile

-4.5%

Faster revenue growth than 27% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,790,451

Down $77,830 (-4.2%) from 2016

Net Assets

Down

$1,754,636

Down $53,446 (-3.0%) from 2016

Liabilities

Down

$35,815

Down $24,384 (-41%) from 2016

Revenue

Down

$85,422

Down $4,043 (-4.5%) from 2016

Expenses

Up

$138,868

Up $1,260 (+0.9%) from 2016

Net Income

Down

-$53,446

Down $5,303 (-11%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $2,019,933Liabilities 2013: $56,971Net Assets 2013: $1,962,9622013Assets 2014: $1,956,812Liabilities 2014: $43,730Net Assets 2014: $1,913,0822014Assets 2015: $1,912,367Liabilities 2015: $56,142Net Assets 2015: $1,856,2252015Assets 2016: $1,868,281Liabilities 2016: $60,199Net Assets 2016: $1,808,0822016Assets 2017: $1,790,451Liabilities 2017: $35,815Net Assets 2017: $1,754,6362017Assets 2018: $1,734,345Liabilities 2018: $38,328Net Assets 2018: $1,696,0172018Assets 2019: $1,682,618Liabilities 2019: $51,795Net Assets 2019: $1,630,8232019Assets 2020: $1,630,871Liabilities 2020: $75,405Net Assets 2020: $1,555,4662020Assets 2021: $1,576,689Liabilities 2021: $75,721Net Assets 2021: $1,500,9682021Assets 2022: $1,537,758Liabilities 2022: $75,468Net Assets 2022: $1,462,2902022Assets 2023: $1,507,582Liabilities 2023: $98,841Net Assets 2023: $1,408,7412023Assets 2024: $1,463,386Liabilities 2024: $96,001Net Assets 2024: $1,367,3852024Assets 2025: $1,412,316Liabilities 2025: $76,235Net Assets 2025: $1,336,0812025

Highlighted filing

2017

Assets$1,790,451
Liabilities$35,815
Net Assets$1,754,636

Operations Trend

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

$200K$100K$0-$100KExpenses 2013: $115,8872013Revenue 2014: $66,967Expenses 2014: $116,847Net Income 2014: -$49,8802014Revenue 2015: $73,356Expenses 2015: $130,213Net Income 2015: -$56,8572015Revenue 2016: $89,465Expenses 2016: $137,608Net Income 2016: -$48,1432016Revenue 2017: $85,422Expenses 2017: $138,868Net Income 2017: -$53,4462017Revenue 2018: $82,643Expenses 2018: $141,262Net Income 2018: -$58,6192018Revenue 2019: $93,261Expenses 2019: $158,455Net Income 2019: -$65,1942019Revenue 2020: $98,689Expenses 2020: $174,046Net Income 2020: -$75,3572020Revenue 2021: $103,919Expenses 2021: $158,417Net Income 2021: -$54,4982021Revenue 2022: $117,490Expenses 2022: $156,168Net Income 2022: -$38,6782022Revenue 2023: $121,032Expenses 2023: $174,581Net Income 2023: -$53,5492023Revenue 2024: $129,395Expenses 2024: $170,751Net Income 2024: -$41,3562024Revenue 2025: $140,321Expenses 2025: $171,625Net Income 2025: -$31,3042025

Highlighted filing

2017

Revenue$85,422
Expenses$138,868
Net Income-$53,446
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Jul 5, 2017
Return Version
2016v3.0
Gross Receipts
$85,422
Mission and Program Overview

Mission

To provide accessible housing for adults with disabilities and seniors. Also to provide supportive care services for adults with traumatic brain injury and mobility impairment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,778,425$1,730,862▼ $47,563
Cash and Non-Interest-Bearing Accounts$1,122$1,797▲ $675
Prepaid Expenses and Deferred Charges$439$454▲ $15
Total Assets$1,868,281$1,790,451▼ $77,830
Other Assets Total$88,295$57,338▼ $30,957
Liabilities
Mortgage Notes Payable Secured by Investment Property$20,000$20,000→ $0
Accounts Payable and Accrued Expenses$36,759$12,463▼ $24,296
Other Liabilities$3,440$3,352▼ $88
Total Liabilities$60,199$35,815▼ $24,384
Net Assets / Fund Balance
Unrestricted Net Assets$1,808,082$1,754,636▼ $53,446
Total Net Assets Fund Balance$1,808,082$1,754,636▼ $53,446
Total Liabilities and Net Assets / Fund Balance$1,868,281$1,790,451▼ $77,830

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,455,738$280,207$1,735,945
Land$246,096-$246,096
Other Land Buildings$24,569-$24,569
Equipment$4,459-$4,459
Compensation and Service Providers

Employees

NameTitleOtherTotal
Stephen Vander SchaafPresident/tr$453,795$453,795

Board Members and Trustees

NameTitle
Stephen Vander SchaafPresident/treasurer
John W Adams MbaDirector
Kay KnutsonDirector
Mark E HamelDirector
Bradley a FullerVP/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$43,030
Program Service Revenue
$42,319
Investment Income
$73
Other Revenue
$0
Change in Net Assets
$-53,446

Audited Revenue Reconciliation

Revenue per Audited Statements
$85,422
Total Revenue per Audited Statements
$85,422
Total Revenue per Form 990
$85,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$118,044
Salaries, Compensation, and Employee Benefits$20,824
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$53,460--$53,460
Other Salaries and Wages$14,739$4,034-$18,773
All Other Expenses$11,192$907-$12,099
Occupancy$10,354--$10,354
Fees for Services Accounting-$5,555-$5,555
Office Expenses-$4,783-$4,783
Other Expenses$4,028$8,581-$4,028
Payroll Taxes$1,422--$1,422
Other Employee Benefits$629--$629
Total Functional Expenses$115,008$23,860$0$138,868

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$138,868
Total Expenses per Audited Statements$138,868
Total Expenses per Form 990$138,868
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
Tenant Security Deposits$3,352
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

MEMBERS

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

Section 2.2 of the organization's bylaws provides that "the board of directors shall be selected by the vote of a majority of the members."

Form 990, Page 6, Part VI, Line 8B

No committee with authority to act on behalf of the governing body.

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

The form 990 was reviewed by the accounting and finance department and signed by the president.

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

The organization regularly and consistently monitors and enforces the compliance of the conflict of interest policy which was adopted for all entities related to accessible space, inc.

Form 990, Page 6, Part VI, Line 19

All governing documents of the organization, including federal form 990, conflict of interest policy and financial statements can be reviewed by contacting: accessible space, inc at 2550 university ave west, suite 330n, st.paul, mn 55114-1903

Filing and Contact Details

Filer

Filer Name
Asi Sioux Falls Inc
EIN
30-0568599
Phone
6516457271
Address
2550 UNIVERSITY AVE WEST RM 330N, ST PAUL, MN 55114-1903

Signing Officer

Name
Stephen Vander Schaaf
Title
President/treasurer
Phone
6516457271
Signed
2017-07-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Vander Schaaf
Formed
2011
Legal Domicile
Sd
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Hinrichs & Associates Ltd
Address
1000 SHELARD PARKWAY SUITE 110, MINNEAPOLIS, MN 55426
Preparer
Anthony J Hinrichs
Phone
9525428010
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleD/TotalLiabilityAmt03352
IRS990ScheduleD/TotalRevenuePerForm990Amt085422
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1185122
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt024000
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt168
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1BRADLEY A FULLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP/SECRETARY
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1185190
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SECTION 2.2 OF THE ORGANIZATION'S BYLAWS PROVIDES THAT "THE BOARD OF DIRECTORS SHALL BE SELECTED BY THE VOTE OF A MAJORITY OF THE MEMBERS."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WAS REVIEWED BY THE ACCOUNTING AND FINANCE DEPARTMENT AND SIGNED BY THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES THE COMPLIANCE OF THE CONFLICT OF INTEREST POLICY WHICH WAS ADOPTED FOR ALL ENTITIES RELATED TO ACCESSIBLE SPACE, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS OF THE ORGANIZATION, INCLUDING FEDERAL FORM 990, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS CAN BE REVIEWED BY CONTACTING: ACCESSIBLE SPACE, INC AT 2550 UNIVERSITY AVE WEST, SUITE 330N, ST.PAUL, MN 55114-1903
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8B
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
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1ASI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ACCESSIBLE SPACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ASI AFFILIATES (SCHEDULE ATTACHED)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02550 UNIVERSITY AVE W SUITE 330N
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt12550 UNIVERSITY AVE W SUITE 330N
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ST PAUL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1ST PAUL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0551141903
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd1551141903
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IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxExemptBondsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0115008
IRS990/TotalFunctionalExpensesGrp/TotalAmt0138868
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt035815
IRS990/TotalLiabilitiesGrp/BOYAmt060199
IRS990/TotalLiabilitiesGrp/EOYAmt035815
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01754636
IRS990/TotalOtherCompensationAmt027179
IRS990/TotalProgramServiceExpensesAmt0115008
IRS990/TotalProgramServiceRevenueAmt042319
IRS990/TotalRevenueGrp/ExclusionAmt073
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042319
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt085422
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01868281
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IRS990/TotReportableCompRltdOrgAmt0611806
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01808082
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01754636
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02550 UNIVERSITY AVENUE W SUITE 330
IRS990/USAddress/CityNm0ST PAUL
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd0551141903
IRS990/VotingMembersGoverningBodyCnt03
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IRS990/WebsiteAddressTxt0WWW.ACCESSIBLESPACE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN VANDER SCHAAF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06516457271
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASI SIOUX FALLS INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O ACCESSIBLE SPACE INC
ReturnHeader/Filer/BusinessNameControlTxt0ASIS
ReturnHeader/Filer/EIN0300568599
ReturnHeader/Filer/PhoneNum06516457271
ReturnHeader/Filer/USAddress/AddressLine1Txt02550 UNIVERSITY AVE WEST RM 330N
ReturnHeader/Filer/USAddress/CityNm0ST PAUL

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