Civic Intelligence

Southview Courts Inc.

990 • Fiscal year 2015 • EIN 31-1010575

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 15, 2016

PO Box 333Liberty, IN 47353

(765) 458-5500

Siviq Scores

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

Liabilities / Assets

98th percentile

2.28x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

3.88x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

37th percentile

-0.9%

Higher net margin than 37% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

26th percentile

-4.8%

Faster asset growth than 26% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

48th percentile

2.5%

Faster revenue growth than 48% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$645,832

Down $32,803 (-4.8%) from 2014

Net Assets

Down

-$824,407

Down $3,361 (-0.4%) from 2014

Liabilities

Down

$1,470,239

Down $29,442 (-2.0%) from 2014

Revenue

Up

$379,361

Up $9,283 (+2.5%) from 2014

Expenses

Down

$382,722

Down $10,579 (-2.7%) from 2014

Net Income

Up

-$3,361

Up $19,862 (+86%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2014: $678,635Liabilities 2014: $1,499,681Net Assets 2014: -$821,0462014Assets 2015: $645,832Liabilities 2015: $1,470,239Net Assets 2015: -$824,4072015Assets 2016: $620,042Liabilities 2016: $1,446,467Net Assets 2016: -$826,4252016Assets 2017: $658,481Liabilities 2017: $1,459,676Net Assets 2017: -$801,1952017Assets 2018: $664,531Liabilities 2018: $1,436,257Net Assets 2018: -$771,7262018Assets 2019: $689,621Liabilities 2019: $1,456,093Net Assets 2019: -$766,4722019Assets 2020: $761,965Liabilities 2020: $1,511,647Net Assets 2020: -$749,6822020Assets 2021: $767,048Liabilities 2021: $1,476,256Net Assets 2021: -$709,2082021Assets 2022: $779,359Liabilities 2022: $1,479,963Net Assets 2022: -$700,6042022Assets 2023: $746,088Liabilities 2023: $1,413,211Net Assets 2023: -$667,1232023Assets 2024: $771,633Liabilities 2024: $1,375,888Net Assets 2024: -$604,2552024

Highlighted filing

2015

Assets$645,832
Liabilities$1,470,239
Net Assets-$824,407

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $370,078Expenses 2014: $393,301Net Income 2014: -$23,2232014Revenue 2015: $379,361Expenses 2015: $382,722Net Income 2015: -$3,3612015Revenue 2016: $389,620Expenses 2016: $391,638Net Income 2016: -$2,0182016Revenue 2017: $398,308Expenses 2017: $373,078Net Income 2017: $25,2302017Revenue 2018: $400,496Expenses 2018: $371,026Net Income 2018: $29,4702018Revenue 2019: $399,479Expenses 2019: $394,225Net Income 2019: $5,2542019Revenue 2020: $394,889Expenses 2020: $378,099Net Income 2020: $16,7902020Revenue 2021: $421,908Expenses 2021: $381,434Net Income 2021: $40,4742021Revenue 2022: $437,787Expenses 2022: $429,183Net Income 2022: $8,6042022Revenue 2023: $460,018Expenses 2023: $426,537Net Income 2023: $33,4812023Revenue 2024: $482,050Expenses 2024: $419,182Net Income 2024: $62,8682024

Highlighted filing

2015

Revenue$379,361
Expenses$382,722
Net Income-$3,361
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 15, 2016
Return Version
2015v2.1
Gross Receipts
$379,361
Mission and Program Overview

Mission

Operation of a 50-unit apartment complex for the elderly and disabled under section 202 of the housing act of 1956.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$462,585$405,972▼ $56,613
Savings and Temporary Cash Investments$140,133$168,569▲ $28,436
Intangible Assets$61,267$58,999▼ $2,268
Prepaid Expenses and Deferred Charges$12,340$11,107▼ $1,233
Cash and Non-Interest-Bearing Accounts$2,310$1,185▼ $1,125
Total Assets$678,635$645,832▼ $32,803
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,422,921$1,401,632▼ $21,289
Accounts Payable and Accrued Expenses$62,323$54,435▼ $7,888
Other Liabilities$14,437$14,172▼ $265
Total Liabilities$1,499,681$1,470,239▼ $29,442
Net Assets / Fund Balance
Unrestricted Net Assets$-821,046$-824,407▼ $3,361
Total Net Assets Fund Balance$-821,046$-824,407▼ $3,361
Total Liabilities and Net Assets / Fund Balance$678,635$645,832▼ $32,803

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$116,232$1,154,570$1,270,802
Equipment$241,818$563,110$804,928
Land$47,922-$47,922
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kimberly HarmeyerPresident
Kimberly KleinDirector
Lynn AdamsDirector
Brandon LogueSecretary
Tyler FrameTreasurer
Debbie EickhoffVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$242,081
Program Service Revenue
$137,190
Investment Income
$59
Other Revenue
$31
Change in Net Assets
$-3,361

Audited Revenue Reconciliation

Revenue per Audited Statements
$379,361
Total Revenue per Audited Statements
$379,361
Total Revenue per Form 990
$379,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$321,220
Salaries, Compensation, and Employee Benefits$61,502
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$89,290--$89,290
Depreciation Depletion$70,622--$70,622
Occupancy$57,248--$57,248
Other Salaries and Wages$21,057$36,107-$57,164
Insurance$32,904--$32,904
Fees for Services Management-$26,555-$26,555
Fees for Services Accounting-$8,000-$8,000
Payroll Taxes$1,598$2,740-$4,338
All Other Expenses$2,287$1,676-$3,963
Other Expenses$2,021--$2,021
Conferences and Meetings-$1,121-$1,121
Advertising-$756-$756
Travel$6--$6
Total Functional Expenses$305,767$76,955$0$382,722

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$382,722
Total Expenses per Audited Statements$382,722
Total Expenses per Form 990$382,722
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$14,172
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Copies of the form 990 provided to the board of directors to review and sign.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon written requests to the organization's executive director.

Filing and Contact Details

Filer

Filer Name
Southview Courts Inc
EIN
31-1010575
Address
PO BOX 333, LIBERTY, IN 47353

Signing Officer

Name
Trisha Witham
Title
Executive Director
Phone
7654585500
Signed
2016-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Harmeyer
Formed
1981
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
9

Preparer

Firm
Rbsk Partners Pc
Address
PO BOX 200, GREENSBURG, IN 47240-0200
Preparer
Ronald J Knueven CPA Cva
Phone
8126637567
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Income taxes are not provided for in the financial statements since the corporation is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and similar state provisions. The corporation is not classified as a private foundation. The corporation has adopted accounting rules that prescribe a threshold for determining when an income tax benefit can be recognized, which is a higher threshold than the one imposed for claiming deductions on income tax returns. The adoption of these rules (asc 740) did not have any impact on the corporation's financial statements. The corporation's federal and state income tax returns for 2012 through 2015 are subject to possible examination by the taxing authorities until the expiration of the related statutes of limitations on those returns. In general, the federal and state tax returns have a three year statute of limitations. The corporation would recognize accrued interest and penalties associated with uncertain positions, if any, as part of the income tax provision.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES ARE NOT PROVIDED FOR IN THE FINANCIAL STATEMENTS SINCE THE CORPORATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. THE CORPORATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE CORPORATION HAS ADOPTED ACCOUNTING RULES THAT PRESCRIBE A THRESHOLD FOR DETERMINING WHEN AN INCOME TAX BENEFIT CAN BE RECOGNIZED, WHICH IS A HIGHER THRESHOLD THAN THE ONE IMPOSED FOR CLAIMING DEDUCTIONS ON INCOME TAX RETURNS. THE ADOPTION OF THESE RULES (ASC 740) DID NOT HAVE ANY IMPACT ON THE CORPORATION'S FINANCIAL STATEMENTS. THE CORPORATION'S FEDERAL AND STATE INCOME TAX RETURNS FOR 2012 THROUGH 2015 ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES UNTIL THE EXPIRATION OF THE RELATED STATUTES OF LIMITATIONS ON THOSE RETURNS. IN GENERAL, THE FEDERAL AND STATE TAX RETURNS HAVE A THREE YEAR STATUTE OF LIMITATIONS. THE CORPORATION WOULD RECOGNIZE ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN POSITIONS, IF ANY, AS PART OF THE INCOME TAX PROVISION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES OF THE FORM 990 PROVIDED TO THE BOARD OF DIRECTORS TO REVIEW AND SIGN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUESTS TO THE ORGANIZATION'S EXECUTIVE DIRECTOR.
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ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHVIEW COURTS INC
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ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD J KNUEVEN CPA CVA
ReturnHeader/ReturnTs02016-10-13T07:56:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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