Civic Intelligence

Mkv Inc.

990 • Fiscal year 2011 • EIN 31-0914017

Jul 01, 2010 to Jun 30, 2011 • Filed on Mar 05, 2012

11100 Springfield Pike45246
Siviq Scores

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

Liabilities / Assets

94th percentile

1.20x

Higher debt load relative to assets than 94% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

40th percentile

-1.7%

Faster asset growth than 40% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$4,147,475

Down $70,030 (-1.7%) from 2010

Net Assets

Down

-$822,999

Down $8,755 (-1.1%) from 2010

Liabilities

Down

$4,970,474

Down $61,275 (-1.2%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,410,407

Up $20,163 (+1.5%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $4,217,505Liabilities 2010: $5,031,749Net Assets 2010: -$814,2442010Assets 2011: $4,147,475Liabilities 2011: $4,970,474Net Assets 2011: -$822,9992011Assets 2012: $4,043,496Liabilities 2012: $4,842,062Net Assets 2012: -$798,5662012Assets 2013: $3,976,777Liabilities 2013: $4,753,464Net Assets 2013: -$776,6872013Assets 2014: $3,916,001Liabilities 2014: $4,649,195Net Assets 2014: -$733,1942014Assets 2015: $3,905,486Liabilities 2015: $4,571,105Net Assets 2015: -$665,6192015Assets 2016: $3,868,466Liabilities 2016: $4,412,034Net Assets 2016: -$543,5682016Assets 2017: $1,645,312Liabilities 2017: $0Net Assets 2017: $1,645,3122017Assets 2018: $2,048,586Liabilities 2018: $1,200Net Assets 2018: $2,047,3862018Assets 2019: $2,084,397Liabilities 2019: $1,235Net Assets 2019: $2,083,1622019Assets 2020: $2,122,827Liabilities 2020: $1,235Net Assets 2020: $2,121,5922020Assets 2021: $2,122,916Liabilities 2021: $0Net Assets 2021: $2,122,9162021Assets 2022: $2,159,741Liabilities 2022: $0Net Assets 2022: $2,159,7412022Assets 2023: $2,156,608Liabilities 2023: $0Net Assets 2023: $2,156,6082023Assets 2024: $2,075,806Liabilities 2024: $3,010Net Assets 2024: $2,072,7962024

Highlighted filing

2011

Assets$4,147,475
Liabilities$4,970,474
Net Assets-$822,999

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,390,2442010Expenses 2011: $1,410,4072011Expenses 2012: $1,429,9132012Expenses 2013: $1,429,4222013Revenue 2014: $1,458,550Expenses 2014: $1,415,057Net Income 2014: $43,4932014Revenue 2015: $1,483,392Expenses 2015: $1,415,817Net Income 2015: $67,5752015Revenue 2016: $1,433,082Expenses 2016: $1,311,031Net Income 2016: $122,0512016Revenue 2017: $4,891,860Expenses 2017: $2,702,980Net Income 2017: $2,188,8802017Revenue 2018: $404,639Expenses 2018: $2,565Net Income 2018: $402,0742018Revenue 2019: $38,507Expenses 2019: $2,731Net Income 2019: $35,7762019Revenue 2020: $38,531Expenses 2020: $101Net Income 2020: $38,4302020Revenue 2021: $39,134Expenses 2021: $37,810Net Income 2021: $1,3242021Revenue 2022: $38,635Expenses 2022: $1,810Net Income 2022: $36,8252022Revenue 2023: $36,717Expenses 2023: $39,850Net Income 2023: -$3,1332023Revenue 2024: $18,286Expenses 2024: $3,160Net Income 2024: $15,1262024

Highlighted filing

2011

Revenue-
Expenses$1,410,407
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Mar 5, 2012
Return Version
2010v3.4
Gross Receipts
$1,409,810
Mission and Program Overview

Mission

A partnership purchased the property in 2016 to operate it as a section 42 low income housing apartment community. Mkv, inc. (an ohio not-for-profit corporation) was organized to own and operate a 150 unit apartment community in cincinnati, ohio, known as the meadows (the community), pursuant to section 223(f) of the national housing act as amended. Effective december 1, 2007 one unit was converted to an office with hud approval. The corporation had executed a regulatory agreement with hud, which governs the operation of the project with the federal housing administration (fha) section of hud. The corporation had also entered into a housing assistance payment contract (hap contract) with hud.a partnership purchased the property in 2016, and mkv, inc now funds the project through a seller carryback note. The main purpose of this entity going forward will be a financing arm of the low income project through the new partnership.

Filing and Contact Details

Filer

EIN
31-0914017
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IRS990ScheduleD/LeaseholdImprovements/BookValue080789
IRS990ScheduleD/LeaseholdImprovements/Depreciation0234891
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis0315680
IRS990ScheduleD/OtherExpensesIncluded036226
IRS990ScheduleD/OtherLiabilities/Amount050770
IRS990ScheduleD/OtherLiabilities/Amount123972
IRS990ScheduleD/OtherLiabilities/Amount221124
IRS990ScheduleD/OtherLiabilities/Amount348179
IRS990ScheduleD/OtherLiabilities/Description0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilities/Description1ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilities/Description2ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilities/Description3ACCRUED PROPERTY TAXES
IRS990ScheduleD/OtherRevenues02341
IRS990ScheduleD/RevenueNotRptdF99002341
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal01401652
IRS990ScheduleD/TotalAdjustments00
IRS990ScheduleD/TotalExpenses01410407
IRS990ScheduleD/TotalExpensesPerForm99001410407
IRS990ScheduleD/TotalOfAmounts0144045
IRS990ScheduleD/TotalOfBookValueLandBuildings02749825
IRS990ScheduleD/TotalOfBookValueProgramRelated0949835
IRS990ScheduleD/TotalRevenue01401652
IRS990ScheduleD/TotalRevenuePerForm99001401652
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt01446633
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01403993
IRS990ScheduleJ/AnyNonFixedPayments00
IRS990ScheduleJ/CompBasedNetEarningsFilingOrg00
IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs00
IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg00
IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs00
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs038588
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs0301491
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs034698
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0JAMES M FORMAL
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs015654
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs05720
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs0396151
IRS990ScheduleJ/InitialContractException00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0ALL TRANSACTIONS ARE BELOW MINIMUM
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues00
IRS990ScheduleO/GeneralExplanation/Explanation0MKV, INC IS MANAGED BY MAPLE KNOLL COMMUNITIES, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. MAPLE KNOLL COMMUNITIES HAS A PROJECT OWNERS AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED MAPLE KNOLL COMMUNITIES TO MANAGE THE MKV, INC APARTMENT COMMUNITY.
IRS990ScheduleO/GeneralExplanation/Explanation1THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING. FORM 990 IS ALSO SUBMITTED TO KEN HUFF, CFO, FOR REVIEW.
IRS990ScheduleO/GeneralExplanation/Explanation2ALL CONFLICTS OF INTEREST ARE REQUIRED TO BE DISCLOSED AT THE ANNUAL BOARD MEETING. THERE IS ALSO A "HOTLINE" THAT IS RESPONDED TO BY THE CORPORATE COMPLIANCE COMMITTEE. THAT COMMITTEE INVESTIGATES ALL CLAIMS AND REPORTS THOSE RESULTS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS RECOMMENDS THE LEVEL OF COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. OUTSIDE COUNSEL IS CONSULTED UPON INITIAL HIRING ON THE REASONABLENESS OF THE COMPENSATION PACKAGE. THE CHIEF EXECUTIVE OFFICER THEN SETS THE COMPENSATION LEVELS OF THE OFFICERS, FOLLOWING PERFORMANCE EVALUATIONS.
IRS990ScheduleO/GeneralExplanation/Explanation4THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/GeneralExplanation/Explanation6MAPLE KNOLL COMMUNITIES IS THE MANAGEMENT COMPANY AND EMPLOYS THE INDIVIDUALS WHO WORK AT THE PROJECT. MKV, INC. REIMBURSES MAPLE KNOLL COMMUNITIES FOR THE EMPLOYEE'S SALARIES AND OTHER COSTS ASSOCIATED WITH THEIR EMPLOYMENT.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/Identifier2OVERSIGHT OF AUDITING FUNCTION

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.07$0.02$0.00$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.16$0.00$2.16$0.04$0.04$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.16$0.00$2.16$0.04$0.00$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.12$0.00$2.12$0.04$0.04$0.00
2020Detailed filing. Detailed filing data is available for this year.$2.12$0.00$2.12$0.04$0.00$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$0.04$0.00$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.05$0.00$2.05$0.40$0.00$0.40
2017Detailed filing. Detailed filing data is available for this year.$1.65$0.00$1.65$4.89$2.70$2.19
2016Detailed filing. Detailed filing data is available for this year.$3.87$4.41$0.54$1.43$1.31$0.12
2015Detailed filing. Detailed filing data is available for this year.$3.91$4.57$0.67$1.48$1.42$0.07
2014Detailed filing. Detailed filing data is available for this year.$3.92$4.65$0.73$1.46$1.42$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$4.75$0.78$1.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.04$4.84$0.80$1.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.15$4.97$0.82$1.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.22$5.03$0.81$1.39