Civic Intelligence

Maineville Elderly Inc.

990 • Fiscal year 2023 • EIN 31-1069643

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

3435 Stelzer RoadColumbus, OH 43219

(614) 818-4640

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

22nd percentile

-16%

Higher net margin than 22% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-18%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$0

Down $982,404 (-100%) from 2022

Net Assets

Up

$0

Up $581,186 (+100%) from 2022

Liabilities

Down

$0

Down $1,563,590 (-100%) from 2022

Revenue

Down

$388,608

Down $85,161 (-18%) from 2022

Expenses

Up

$451,241

Up $48,329 (+12%) from 2022

Net Income

Down

-$62,633

Down $133,490 (-188%) from 2022

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

2023

Assets$0
Liabilities$0
Net Assets$0

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

2023

Revenue$388,608
Expenses$451,241
Net Income-$62,633
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$388,608
Mission and Program Overview

Mission

Multifamily Subsidized Housing Apartment rental to the handicapped and elderly. Rent subsidy received from HUD. The Project was sold in 2023

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$180,580$0▼ $180,580
Intangible Assets$72,935$0▼ $72,935
Cash and Non-Interest-Bearing Accounts$54,549$0▼ $54,549
Savings and Temporary Cash Investments$14,120$0▼ $14,120
Accounts Receivable$8,076$0▼ $8,076
Prepaid Expenses and Deferred Charges$5,394$0▼ $5,394
Total Assets$982,404$0▼ $982,404
Other Assets Total$646,750$0▼ $646,750
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,499,748$0▼ $1,499,748
Accounts Payable and Accrued Expenses$45,462$0▼ $45,462
Other Liabilities$15,168$0▼ $15,168
Deferred Revenue$3,212$0▼ $3,212
Total Liabilities$1,563,590$0▼ $1,563,590
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-581,186--
Total Net Assets Fund Balance$-581,186$0▲ $581,186
Total Liabilities and Net Assets / Fund Balance$982,404$0▼ $982,404

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Other Assets Org$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
William MoorheadPresident
Melissa SteeleSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$385,790
Investment Income
$2,818
Other Revenue
$0
Change in Net Assets
$-62,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$364,343
Salaries, Compensation, and Employee Benefits$86,898
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$107,100$70,336$0$177,436
Other Salaries and Wages$63,464$15,486$0$78,950
Interest$42,876$0$0$42,876
Fees for Services Management$0$34,153$0$34,153
Insurance$26,510$0$0$26,510
Fees for Services Accounting$0$12,500$0$12,500
Depreciation Depletion$11,430$0$0$11,430
Payroll Taxes$6,227$1,721$0$7,948
Information Technology$7,232$0$0$7,232
Fees for Services Legal$1,116$1,319$0$2,435
Other Expenses$1,629$0$0$1,629
Office Expenses$0$393$0$393
Travel$278$0$0$278
Advertising$150$0$0$150
Total Functional Expenses$307,801$143,440$0$451,241
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$0
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
3435 Stelzer Road, Columbus, OH 43219

Signing Officer

Name
William Moorhead
Title
Treasurer
Phone
6148184640
Signed
2024-11-13
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 organizations only activity was 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 organizations 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 organizations governing documents, conflict of interest policy and financial statements, as applicable, are only available to the public upon request.

Pt XI

Line 9 - Gain on Sales of Project - $1,452,819

Pt XI

Line 9 - Distribution to Salem Lutheran Foundation - $(809,000)

Form 990, Part IX, Line 24E

Payroll Processing 3177. 3177. 0. 0.

Form 990, Part IX, Line 24E

Repairs 69578. 69578. 0. 0.

Form 990, Part IX, Line 24E

Telephone, Cable, Internet 2988. 2988. 0. 0.

Form 990, Part IX, Line 24E

Trash Removal 3451. 3451. 0. 0.

Form 990, Part IX, Line 24E

Ground Maintenance 9738. 9738. 0. 0.

Form 990, Part IX, Line 24E

Cleaning & Maintenance 664. 664. 0. 0.

Form 990, Part IX, Line 24E

Exterminating 7660. 7660. 0. 0.

Form 990, Part IX, Line 24E

Consulting 9844. 9844. 0. 0.

Form 990, Part IX, Line 24E

Unamortized cost of intangible assets written off 70336. 0. 70336. 0.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0414816
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02182001
IRS990ScheduleA/TotalSupportAmt02187869
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt10
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt20
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Mortgage Escrow Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Reserve for Replacements and Residual Receipts
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Debt Service Savings Escrow
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt00
IRS990ScheduleD/TotalLiabilityAmt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Beavercreek Eld. Real Estate
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1Cash
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0National Church Residences
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1Salem Lutheran Foundation
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-10-11
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12023-10-13
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0134148824
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1316084416
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt02000000
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt1809000
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501c(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501c(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Sales Price
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1Cash
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt02245 N Bank Dr
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt13435 Stelzer Rd Suite 1SC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Columbus
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1Columbus
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0OH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1OH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd043220
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd143219
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organizations only activity was 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 organizations 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 organizations governing documents, conflict of interest policy and financial statements, as applicable, are only available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Line 9 - Gain on Sales of Project - $1,452,819
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Line 9 - Distribution to Salem Lutheran Foundation - $(809,000)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Payroll Processing 3177. 3177. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Repairs 69578. 69578. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Telephone, Cable, Internet 2988. 2988. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Trash Removal 3451. 3451. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Ground Maintenance 9738. 9738. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Cleaning & Maintenance 664. 664. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Exterminating 7660. 7660. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Consulting 9844. 9844. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Unamortized cost of intangible assets written off 70336. 0. 70336. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 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/AddressLine1Txt03435 Stelzer Rd Ste 1SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Columbus
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd043219
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false

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