Civic Intelligence

Oldenburg Housing Council Inc

990 • Fiscal year 2020 • EIN 31-0984862

Jan 01, 2020 to Dec 31, 2020 • Filed on May 16, 2021

Organization ProfileN/A
3112 Moorman RoadBatesville, IN 47006

(812) 363-4501

Siviq Scores

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

Liabilities / Assets

65th percentile

0.16x

Higher debt load relative to assets than 65% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

100th percentile

436%

Higher net margin than 100% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

69th percentile

$9,000

Higher top officer pay than 69% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Asset Growth

16th percentile

-5.2%

Faster asset growth than 16% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$1,255,656

Down $68,180 (-5.2%) from 2019

Net Assets

Down

$1,054,958

Down $50,180 (-4.5%) from 2019

Liabilities

Down

$200,698

Down $18,000 (-8.2%) from 2019

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$50,180

Down $169,017 (-142%) from 2019

Expenses

Down

$168,633

Down $6,535 (-3.7%) from 2019

Net Income

Down

-$218,813

Down $162,482 (-288%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$1.5M$1.0M$500K$0Assets 2018: $1,393,616Liabilities 2018: $232,147Net Assets 2018: $1,161,4692018Assets 2019: $1,323,836Liabilities 2019: $218,698Net Assets 2019: $1,105,1382019Assets 2020: $1,255,656Liabilities 2020: $200,698Net Assets 2020: $1,054,9582020Assets 2021: $1,183,646Liabilities 2021: $180,543Net Assets 2021: $1,003,1032021Assets 2022: $1,115,650Liabilities 2022: $162,717Net Assets 2022: $952,9332022Assets 2023: $1,047,813Liabilities 2023: $141,101Net Assets 2023: $906,7122023Assets 2024: $984,882Liabilities 2024: $143,213Net Assets 2024: $841,6692024

Highlighted filing

2020

Assets$1,255,656
Liabilities$200,698
Net Assets$1,054,958
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200K-$400KRevenue 2018: $117,781Expenses 2018: $181,809Net Income 2018: -$64,0282018Revenue 2019: $118,837Expenses 2019: $175,168Net Income 2019: -$56,3312019Revenue 2020: -$50,180Expenses 2020: $168,633Net Income 2020: -$218,8132020Revenue 2021: -$51,855Expenses 2021: $169,710Net Income 2021: -$221,5652021Revenue 2022: -$38,716Expenses 2022: $75,998Net Income 2022: -$114,7142022Revenue 2023: $123,102Expenses 2023: $169,323Net Income 2023: -$46,2212023Revenue 2024: $144,001Expenses 2024: $209,044Net Income 2024: -$65,0432024

Highlighted filing

2020

Revenue-$50,180
Expenses$168,633
Net Income-$218,813
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 16, 2021
Return Version
2020v4.1
Gross Receipts
$118,453
Mission and Program Overview

Mission

Rental housing for eligible low income elderly

Manage housing for low income elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,279,011$1,201,250▼ $77,761
Cash and Non-Interest-Bearing Accounts$44,825$54,406▲ $9,581
Total Assets$1,323,836$1,255,656▼ $68,180
Liabilities
Mortgage Notes Payable Secured by Investment Property$192,197$173,996▼ $18,201
Accounts Payable and Accrued Expenses$26,501$26,702▲ $201
Total Liabilities$218,698$200,698▼ $18,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,105,138$1,054,958▼ $50,180
Total Liabilities and Net Assets / Fund Balance$1,323,836$1,255,656▼ $68,180
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Francis FlaspohlerVice-presidentPT$9,000$9,000

Board Members and Trustees

NameTitle
Gerald KingPresident
Charles McnimeryTrustee
Joan ZollerTrustee
Roy CromerTrustee
John KimeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,713
Program Service Revenue
$0
Investment Income
$54
Other Revenue
$-69,947
Change in Net Assets
$-218,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$158,821
Salaries, Compensation, and Employee Benefits$9,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$82,490--$82,490
Occupancy$48,661$1,742-$50,403
Interest$15,174--$15,174
Current Officers, Directors, Trustees, and Key Employees$8,100$900-$9,000
Fees for Services Accounting$4,860$540-$5,400
Fees for Services Other$3,345$193-$3,538
Office Expenses$1,644--$1,644
Payroll Taxes$731$81-$812
Insurance$138--$138
Travel$32$2-$34
Total Functional Expenses$165,175$3,458$0$168,633
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Oldenburg Housing Council
EIN
31-0984862
Phone
8123634501
Address
3112 MOORMAN ROAD, Batesville, IN 47006
Doing Business As
Meadowbrook Apartments

Signing Officer

Name
Francis Flaspohler
Title
Vice President
Phone
8123634501
Signed
2021-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francis Flaspohler
Formed
1979
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
H and R Block
Address
4 VILLAGE RD, BATESVILLE, IN 47006
Preparer
Arnold Kirschner
Phone
8129344626
Supplemental Narrative

Additional Explanations

Page 1

“Manage housing for low income elderly”

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,255,656
Liabilities
$200,698
Net assets
$1,054,958
Revenue
-$50,180
Expenses
$168,633
Net income
-$218,813
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.98$0.14$0.84$0.14$0.21$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.05$0.14$0.91$0.12$0.17$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.16$0.95$0.04$0.08$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.18$0.18$1.00$0.05$0.17$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.26$0.20$1.05$0.05$0.17$0.22
2019Detailed filing. Detailed filing data is available for this year.$1.32$0.22$1.11$0.12$0.18$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.39$0.23$1.16$0.12$0.18$0.06