Civic Intelligence

Maineville Elderly Inc.

990 • Fiscal year 2021 • EIN 31-1069643

Jan 01, 2021 to Dec 31, 2021 • Filed on May 16, 2022

2700 E Dublin-Granville RdColumbus, OH 43231

(614) 818-4640

Siviq Scores

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

Liabilities / Assets

97th percentile

1.69x

Higher debt load relative to assets than 97% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

3.22x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

61st percentile

19%

Higher net margin than 61% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

39th percentile

4.3%

Faster asset growth than 39% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

20%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$948,667

Up $38,908 (+4.3%) from 2020

Net Assets

Up

-$652,044

Up $95,431 (+13%) from 2020

Liabilities

Down

$1,600,711

Down $56,523 (-3.4%) from 2020

Revenue

Up

$496,946

Up $84,328 (+20%) from 2020

Expenses

Up

$401,515

Up $11,501 (+2.9%) from 2020

Net Income

Up

$95,431

Up $72,827 (+322%) from 2020

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 2016: $853,752Liabilities 2016: $1,791,610Net Assets 2016: -$937,8582016Assets 2017: $931,795Liabilities 2017: $1,751,279Net Assets 2017: -$819,4842017Assets 2018: $956,043Liabilities 2018: $1,725,032Net Assets 2018: -$768,9892018Assets 2019: $911,239Liabilities 2019: $1,681,318Net Assets 2019: -$770,0792019Assets 2020: $909,759Liabilities 2020: $1,657,234Net Assets 2020: -$747,4752020Assets 2021: $948,667Liabilities 2021: $1,600,711Net Assets 2021: -$652,0442021Assets 2022: $982,404Liabilities 2022: $1,563,590Net Assets 2022: -$581,1862022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2021

Assets$948,667
Liabilities$1,600,711
Net Assets-$652,044

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $439,299Expenses 2016: $330,510Net Income 2016: $108,7892016Revenue 2017: $460,017Expenses 2017: $341,642Net Income 2017: $118,3752017Revenue 2018: $434,288Expenses 2018: $383,793Net Income 2018: $50,4952018Revenue 2019: $412,928Expenses 2019: $414,017Net Income 2019: -$1,0892019Revenue 2020: $412,618Expenses 2020: $390,014Net Income 2020: $22,6042020Revenue 2021: $496,946Expenses 2021: $401,515Net Income 2021: $95,4312021Revenue 2022: $473,769Expenses 2022: $402,912Net Income 2022: $70,8572022Revenue 2023: $388,608Expenses 2023: $451,241Net Income 2023: -$62,6332023

Highlighted filing

2021

Revenue$496,946
Expenses$401,515
Net Income$95,431
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 16, 2022
Return Version
2021v4.1
Gross Receipts
$496,946
Mission and Program Overview

Mission

Multifamily Subsidized Housing

Multifamily Subsidized Housing Apartment rental to the handicapped and elderly. Rent subsidy received from HUD.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$192,647$190,257▼ $2,390
Intangible Assets$79,866$76,400▼ $3,466
Cash and Non-Interest-Bearing Accounts$60,283$54,284▼ $5,999
Savings and Temporary Cash Investments$14,117$14,119▲ $2
Accounts Receivable$3,366$7,979▲ $4,613
Prepaid Expenses and Deferred Charges$4,337$4,244▼ $93
Total Assets$909,759$948,667▲ $38,908
Other Assets Total$555,143$601,384▲ $46,241
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,596,056$1,541,144▼ $54,912
Accounts Payable and Accrued Expenses$44,612$41,714▼ $2,898
Other Liabilities$13,599$14,833▲ $1,234
Deferred Revenue$2,967$3,020▲ $53
Total Liabilities$1,657,234$1,600,711▼ $56,523
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-747,475$-652,044▲ $95,431
Total Net Assets Fund Balance$-747,475$-652,044▲ $95,431
Total Liabilities and Net Assets / Fund Balance$909,759$948,667▲ $38,908

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$83,718$1,786,095-
Other Land Buildings$14,218$37,068-
Land$65,700--
Equipment$26,621$178,294-
Other Assets Org$247,697--
Compensation and Service Providers

Board Members and Trustees

NameTitle
William MoorheadPresident
James W PhiefferTrustee
William MoorheadTrustee
Amy JohnstnSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$496,477
Investment Income
$469
Other Revenue
$0
Change in Net Assets
$95,431

Audited Revenue Reconciliation

Revenue per Audited Statements
$496,946
Revenue Not Reported on Form 990
$404
Total Revenue per Audited Statements
$497,350
Total Revenue per Form 990
$496,946
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$290,742
Salaries, Compensation, and Employee Benefits$110,773
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$82,096$17,053$0$99,149
All Other Expenses$86,498$0$0$86,498
Interest$60,160$0$0$60,160
Fees for Services Management$0$35,939$0$35,939
Insurance$18,193$0$0$18,193
Depreciation Depletion$12,795$0$0$12,795
Fees for Services Accounting$0$12,080$0$12,080
Payroll Taxes$5,033$1,399$0$6,432
Other Employee Benefits$4,593$599$0$5,192
Other Expenses$4,360$0$0$4,360
Information Technology$4,360$0$0$4,360
Office Expenses$0$1,626$0$1,626
Travel$242$0$0$242
Advertising$180$0$0$180
Total Functional Expenses$331,668$69,847$0$401,515

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$441,325
Total Expenses per Audited Statements$441,325
Total Expenses per Form 990$401,515
Expenses Not Reported on Financial Statements$-39,810
Other Expense Adjustments$-39,810
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$14,833
Governance and Compliance

Governance Checklist

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

Filer

Filer Name
Maineville Elderly Inc
EIN
31-1069643
Phone
6148184640
Address
2700 E Dublin-Granville Rd, Columbus, OH 43231

Signing Officer

Name
William Moorhead
Title
President
Phone
6148184640
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Moorhead
Formed
1986
Legal Domicile
Oh
Voting Board Members
1
Independent Board Members
1
Employees
2
Volunteers
0

Preparer

Firm
Douglas L Myers & Associates
Address
650 Shawan Falls Dr Ste 200, Dublin, OH 43017
Preparer
Douglas L Myers CPA
Phone
6147665138
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

The organization's only activity is the operation of a rental apartment complex for the elderly and handicapped. The organization has entered into a management agreement, as approved bu HUD, with an independent company giving the company all contractual rights to manage the rental operations.

Pt VI, Line 11B

The organization has a written agreement with a management company to operate its real estate activity. As the organization's managing agent, the management company is responsible for all financial matters relating to the rental operations including the annual audit engagement required by HUD and the preparation of Form 990. Therefore, the controller of the company reviews the annual Form 990 which is prepared by a CPA firm, and an officer of the management company signs it.

Pt VI, Line 19

The organization's governing documents, conflict of interest policy and financial statements, as applicable, are only available to the public upon request.

Form 990, Part IX, Line 24E

Payroll Processing 3308. 3308. 0. 0.

Form 990, Part IX, Line 24E

Repairs 32009. 32009. 0. 0.

Form 990, Part IX, Line 24E

Telephone, Cable, Internet 3941. 3941. 0. 0.

Form 990, Part IX, Line 24E

Trash Removal 3606. 3606. 0. 0.

Form 990, Part IX, Line 24E

Ground Maintenance 11382. 11382. 0. 0.

Form 990, Part IX, Line 24E

Cleaning & Maintenance 14508. 14508. 0. 0.

Form 990, Part IX, Line 24E

Exterminating 6750. 6750. 0. 0.

Form 990, Part IX, Line 24E

Consulting 6357. 6357. 0. 0.

Form 990, Part IX, Line 24E

Bad Debt Expense 4637. 4637. 0. 0.

Financial Statement Notes

Pt XII, Line 4B

Depreciation per GAAP -$39,810

Pt XI, Line 2D

Recapture of Residual Receipts - $404

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0411842
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0414816
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0433456
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0459410
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02211364
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0469
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0776
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01112
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0832
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0607
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03796
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99830
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99820
IRS990ScheduleA/PublicSupportTotal170Amt02211364
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0491840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0411842
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0414816
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0433456
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0459410
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02211364
IRS990ScheduleA/TotalSupportAmt02215160
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt083718
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01786095
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01869813
IRS990ScheduleD/EquipmentGrp/BookValueAmt026621
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0178294
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0204915
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-39810
IRS990ScheduleD/ExpensesSubtotalAmt0441325
IRS990ScheduleD/LandGrp/BookValueAmt065700
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt065700
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt029134
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1324553
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2247697
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Mortgage Escrow Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Reserve for Replacements and Residual Receipts
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Debt Service Savings Escrow
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-39810
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014218
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt037068
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt051286
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014833
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherRevenueAmt0404
IRS990ScheduleD/RevenueNotReportedAmt0404
IRS990ScheduleD/RevenueSubtotalAmt0496946
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Depreciation per GAAP -$39,810
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Recapture of Residual Receipts - $404
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XII, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XI, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0190257
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0601384
IRS990ScheduleD/TotalExpensesPerForm990Amt0401515
IRS990ScheduleD/TotalLiabilityAmt014833
IRS990ScheduleD/TotalRevenuePerForm990Amt0496946
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0497350
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0441325
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization's only activity is the operation of a rental apartment complex for the elderly and handicapped. The organization has entered into a management agreement, as approved bu HUD, with an independent company giving the company all contractual rights to manage the rental operations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has a written agreement with a management company to operate its real estate activity. As the organization's managing agent, the management company is responsible for all financial matters relating to the rental operations including the annual audit engagement required by HUD and the preparation of Form 990. Therefore, the controller of the company reviews the annual Form 990 which is prepared by a CPA firm, and an officer of the management company signs it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's governing documents, conflict of interest policy and financial statements, as applicable, are only available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Payroll Processing 3308. 3308. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Repairs 32009. 32009. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Telephone, Cable, Internet 3941. 3941. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Trash Removal 3606. 3606. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Ground Maintenance 11382. 11382. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Cleaning & Maintenance 14508. 14508. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Exterminating 6750. 6750. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Consulting 6357. 6357. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Bad Debt Expense 4637. 4637. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Salem Lutheran Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0316084166
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Scholarships for Seminaries
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02700 E Dublin-Granville Rd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Columbus
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd043231
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

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