Civic Intelligence

Maineville Elderly Inc.

990 • Fiscal year 2022 • EIN 31-1069643

Jan 01, 2022 to Dec 31, 2022 • Filed on May 19, 2023

Organization ProfileN/A
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

1.59x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

3.30x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

54th percentile

3.6%

Faster asset growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

33rd percentile

-4.7%

Faster revenue growth than 33% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$982,404

Up $33,737 (+3.6%) from 2021

Net Assets

Up

-$581,186

Up $70,858 (+11%) from 2021

Liabilities

Down

$1,563,590

Down $37,121 (-2.3%) from 2021

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin64th percentile

Revenue

Down

$473,769

Down $23,177 (-4.7%) from 2021

Expenses

Up

$402,912

Up $1,397 (+0.3%) from 2021

Net Income

Down

$70,857

Down $24,574 (-26%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

2022

Assets$982,404
Liabilities$1,563,590
Net Assets-$581,186
Open 2022 Filing

Operations Trend

Revenue Growth33rd percentile

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

2022

Revenue$473,769
Expenses$402,912
Net Income$70,857
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 19, 2023
Return Version
2022v5.0
Gross Receipts
$473,769
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$190,257$180,580▼ $9,677
Intangible Assets$76,400$72,935▼ $3,465
Cash and Non-Interest-Bearing Accounts$54,284$54,549▲ $265
Savings and Temporary Cash Investments$14,119$14,120▲ $1
Accounts Receivable$7,979$8,076▲ $97
Prepaid Expenses and Deferred Charges$4,244$5,394▲ $1,150
Total Assets$948,667$982,404▲ $33,737
Other Assets Total$601,384$646,750▲ $45,366
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,541,144$1,499,748▼ $41,396
Accounts Payable and Accrued Expenses$41,714$45,462▲ $3,748
Other Liabilities$14,833$15,168▲ $335
Deferred Revenue$3,020$3,212▲ $192
Total Liabilities$1,600,711$1,563,590▼ $37,121
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-652,044$-581,186▲ $70,858
Total Net Assets Fund Balance$-652,044$-581,186▲ $70,858
Total Liabilities and Net Assets / Fund Balance$948,667$982,404▲ $33,737

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$78,379$1,791,434-
Other Land Buildings$12,703$38,583-
Land$65,700--
Equipment$23,798$181,117-
Other Assets Org$275,099--
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
William MoorheadPresident
Melissa SteeleSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$473,076
Investment Income
$693
Other Revenue
$0
Change in Net Assets
$70,857

Audited Revenue Reconciliation

Revenue per Audited Statements
$473,769
Total Revenue per Audited Statements
$473,769
Total Revenue per Form 990
$473,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$299,463
Salaries, Compensation, and Employee Benefits$103,449
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$80,340$13,908$0$94,248
All Other Expenses$91,343$0$0$91,343
Interest$58,591$0$0$58,591
Fees for Services Management$0$35,015$0$35,015
Insurance$19,600$0$0$19,600
Depreciation Depletion$13,137$0$0$13,137
Fees for Services Accounting$0$11,978$0$11,978
Payroll Taxes$6,749$1,927$0$8,676
Other Expenses$6,365$0$0$6,365
Information Technology$3,900$0$0$3,900
Office Expenses$0$1,462$0$1,462
Other Employee Benefits$525$0$0$525
Travel$191$0$0$191
Advertising$180$0$0$180
Total Functional Expenses$337,495$65,417$0$402,912

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$442,722
Total Expenses per Audited Statements$442,722
Total Expenses per Form 990$402,912
Expenses Not Reported on Financial Statements$-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$15,168
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
Treasurer
Phone
6148184640
Signed
2023-05-19
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 3734. 3734. 0. 0.”

Form 990, Part IX, Line 24E

“Repairs 37762. 37762. 0. 0.”

Form 990, Part IX, Line 24E

“Telephone, Cable, Internet 3969. 3969. 0. 0.”

Form 990, Part IX, Line 24E

“Trash Removal 4534. 4534. 0. 0.”

Form 990, Part IX, Line 24E

“Ground Maintenance 11634. 11634. 0. 0.”

Form 990, Part IX, Line 24E

“Cleaning & Maintenance 3434. 3434. 0. 0.”

Form 990, Part IX, Line 24E

“Exterminating 8460. 8460. 0. 0.”

Form 990, Part IX, Line 24E

“Consulting 17816. 17816. 0. 0.”

Financial Statement Notes

Pt XII, Line 4B

“Depreciation per GAAP -$39,810”

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IRS990ScheduleA/PublicSupportCY170Pct00.99830
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99830
IRS990ScheduleA/PublicSupportTotal170Amt02229667
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0473076
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0496477
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0411842
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0414816
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0433456
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02229667
IRS990ScheduleA/TotalSupportAmt02233549
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt078379
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01791434
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01869813
IRS990ScheduleD/EquipmentGrp/BookValueAmt023798
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0181117
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0204915
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-39810
IRS990ScheduleD/ExpensesSubtotalAmt0442722
IRS990ScheduleD/LandGrp/BookValueAmt065700
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt065700
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt028771
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1342880
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2275099
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Mortgage Escrow Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Reserve for Replacements and Residual Receipts
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Debt Service Savings Escrow
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-39810
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012703
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038583
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt051286
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015168
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt0473769
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Depreciation per GAAP -$39,810
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XII, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0180580
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0646750
IRS990ScheduleD/TotalExpensesPerForm990Amt0402912
IRS990ScheduleD/TotalLiabilityAmt015168
IRS990ScheduleD/TotalRevenuePerForm990Amt0473769
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0473769
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0442722
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 3734. 3734. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Repairs 37762. 37762. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Telephone, Cable, Internet 3969. 3969. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Trash Removal 4534. 4534. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Ground Maintenance 11634. 11634. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Cleaning & Maintenance 3434. 3434. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Exterminating 8460. 8460. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Consulting 17816. 17816. 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
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
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0948667
IRS990/TotalAssetsEOYAmt0982404
IRS990/TotalAssetsGrp/BOYAmt0948667
IRS990/TotalAssetsGrp/EOYAmt0982404
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065417
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0337495
IRS990/TotalFunctionalExpensesGrp/TotalAmt0402912
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01600711
IRS990/TotalLiabilitiesEOYAmt01563590
IRS990/TotalLiabilitiesGrp/BOYAmt01600711
IRS990/TotalLiabilitiesGrp/EOYAmt01563590
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-652044
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-581186
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0337495

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$982,404
Liabilities
$1,563,590
Net assets
-$581,186
Revenue
$473,769
Expenses
$402,912
Net income
$70,857
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.39$0.45$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.98$1.56$0.58$0.47$0.40$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$1.60$0.65$0.50$0.40$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$1.66$0.75$0.41$0.39$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$1.68$0.77$0.41$0.41$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$1.73$0.77$0.43$0.38$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$1.75$0.82$0.46$0.34$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$1.79$0.94$0.44$0.33$0.11
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