Civic Intelligence

Abcap Housing III Inc Adams County Apartments

990 • Fiscal year 2022 • EIN 31-1267721

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 06, 2023

406 West Plum StreetGeorgetown, OH 45121

(937) 378-6041

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.90x

Higher debt load relative to assets than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

3.30x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

90th percentile

53%

Higher net margin than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

69th percentile

$101,372

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 28.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

26th percentile

-6.6%

Faster asset growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

217%

Faster revenue growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,320,660

Down $92,892 (-6.6%) from 2021

Net Assets

Up

$128,450

Up $192,492 (+301%) from 2021

Liabilities

Down

$1,192,210

Down $285,384 (-19%) from 2021

Revenue

Up

$360,893

Up $247,133 (+217%) from 2021

Expenses

Up

$168,401

Up $84,910 (+102%) from 2021

Net Income

Up

$192,492

Up $162,223 (+536%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2014: $276,311Liabilities 2014: $429,566Net Assets 2014: -$153,2552014Assets 2015: $269,657Liabilities 2015: $418,573Net Assets 2015: -$148,9162015Assets 2016: $263,049Liabilities 2016: $409,434Net Assets 2016: -$146,3852016Assets 2017: $252,463Liabilities 2017: $386,442Net Assets 2017: -$133,9792017Assets 2018: $247,486Liabilities 2018: $367,742Net Assets 2018: -$120,2562018Assets 2019: $246,316Liabilities 2019: $355,016Net Assets 2019: -$108,7002019Assets 2020: $239,536Liabilities 2020: $333,847Net Assets 2020: -$94,3112020Assets 2021: $1,413,552Liabilities 2021: $1,477,594Net Assets 2021: -$64,0422021Assets 2022: $1,320,660Liabilities 2022: $1,192,210Net Assets 2022: $128,4502022Assets 2024: $1,203,177Liabilities 2024: $1,189,841Net Assets 2024: $13,3362024

Highlighted filing

2022

Assets$1,320,660
Liabilities$1,192,210
Net Assets$128,450

Operations Trend

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

$400K$200K$0-$200KRevenue 2014: $114,209Expenses 2014: $112,007Net Income 2014: $2,2022014Revenue 2015: $115,953Expenses 2015: $111,614Net Income 2015: $4,3392015Revenue 2016: $118,029Expenses 2016: $115,498Net Income 2016: $2,5312016Revenue 2017: $119,066Expenses 2017: $105,131Net Income 2017: $13,9352017Revenue 2018: $121,475Expenses 2018: $107,752Net Income 2018: $13,7232018Revenue 2019: $122,118Expenses 2019: $110,562Net Income 2019: $11,5562019Revenue 2020: $121,229Expenses 2020: $106,840Net Income 2020: $14,3892020Revenue 2021: $113,760Expenses 2021: $83,491Net Income 2021: $30,2692021Revenue 2022: $360,893Expenses 2022: $168,401Net Income 2022: $192,4922022Revenue 2024: $126,071Expenses 2024: $186,651Net Income 2024: -$60,5802024

Highlighted filing

2022

Revenue$360,893
Expenses$168,401
Net Income$192,492
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$360,893
Mission and Program Overview

Mission

To provide facilities & services designed to meet the physical, social and psychological needs for elderly & handicapped individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,300,345$1,241,313▼ $59,032
Cash and Non-Interest-Bearing Accounts$50,086$9,374▼ $40,712
Accounts Receivable$489$25▼ $464
Total Assets$1,413,552$1,320,660▼ $92,892
Other Assets Total$62,632$69,948▲ $7,316
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,437,341$1,153,860▼ $283,481
Accounts Payable and Accrued Expenses$37,769$35,617▼ $2,152
Other Liabilities$2,484$2,733▲ $249
Total Liabilities$1,477,594$1,192,210▼ $285,384
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-64,042$128,450▲ $192,492
Total Net Assets Fund Balance$-64,042$128,450▲ $192,492
Total Liabilities and Net Assets / Fund Balance$1,413,552$1,320,660▼ $92,892

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,166,977$506,961$1,673,938
Other Land Buildings$43,479$20,126$63,605
Equipment$15,857$16,325$32,182
Land$15,000-$15,000
Other Assets Org$8,149--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Daniel WickerhamPresident$101,372$101,372
Nancy DarbySecretary$74,490$74,490
Bonita HaasTrustee$71,876$71,876
Janie PhillipsFiscal Director$64,249$64,249
Sandy AdkinsTrustee$43,998$43,998

Board Members and Trustees

NameTitle
Kim BrownTrustee
Mary CassidyTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$317,684
Program Service Revenue
$37,748
Investment Income
$42
Other Revenue
$5,419
All Other Contributions
$243,740
Change in Net Assets
$192,492

Audited Revenue Reconciliation

Revenue per Audited Statements
$360,893
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$360,893
Total Revenue per Form 990
$360,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$168,401
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$59,032--$59,032
Interest$31,189--$31,189
Occupancy$23,864--$23,864
Office Expenses$5,148--$5,148
Fees for Services Management-$4,741-$4,741
Other Expenses$3,336$10,801-$3,336
Insurance$834--$834
Advertising$210--$210
Fees for Services Legal$112--$112
Conferences and Meetings$75--$75
Total Functional Expenses$152,859$15,542$0$168,401

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$168,401
Total Expenses per Audited Statements$168,401
Total Expenses per Form 990$168,401
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$2,733
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is provided to the president for review prior to finalizing.

Form 990, Part VI, Section B, Line 12C

All contracts and purchases made during the year are reviewed for compliance with organization policies including conflict of interest policies. Directors are required to request a second approval for any purchase transactions.

Form 990, Part VI, Section C, Line 19

Governing documents, the conflict of interest policy, and the financial statements are provided upon request.

Filing and Contact Details

Filer

Filer Name
Abcap Housing Iii Inc
EIN
31-1267721
Phone
9373786041
Address
406 WEST PLUM STREET, GEORGETOWN, OH 45121

Signing Officer

Name
Daniel Wickerham
Title
Executive Director
Phone
9373786041
Signed
2023-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Wickerham
Formed
1988
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Tidwell Group LLC
Address
4249 EASTON WAY STE 210, COLUMBUS, OH 43219
Preparer
Todd Fentress CPA
Phone
6145281440
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The corporation has been recognized by the internal revenue service as an organization exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The corporation accounts for uncertainty in income taxes in accordance with accounting standards corporation for income taxes. This interpretation prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This interpretation also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The corporation determined that all income tax filing positions would be sustained upon examination and accordingly, has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions as of december 31, 2022 or 2021.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0119358
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0118423
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0176
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02717
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02992
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09037
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/PublicSupportPY509Pct00.97960
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0119358
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0121229
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/EquipmentGrp/BookValueAmt015857
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016325
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt015000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02733
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14983
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt220890
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt333193
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt48149
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS RESERVE
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020126
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt063605
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CORPORATION FOR INCOME TAXES. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS INTERPRETATION ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE CORPORATION DETERMINED THAT ALL INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND ACCORDINGLY, HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2022 OR 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt069948
IRS990ScheduleD/TotalExpensesPerForm990Amt0168401
IRS990ScheduleD/TotalLiabilityAmt02733
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO THE PRESIDENT FOR REVIEW PRIOR TO FINALIZING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL CONTRACTS AND PURCHASES MADE DURING THE YEAR ARE REVIEWED FOR COMPLIANCE WITH ORGANIZATION POLICIES INCLUDING CONFLICT OF INTEREST POLICIES. DIRECTORS ARE REQUIRED TO REQUEST A SECOND APPROVAL FOR ANY PURCHASE TRANSACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ADAMS-BROWN COUNTIES ECONOMIC OPPORTUNITIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ABCAP HOUSING II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0310710683
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1311267719
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MANAGEMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1AFFORDABLE HOUSING FOR ELDERLY AND HANDICAPPED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0406 W PLUM ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1406 W PLUM ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GEORGETOWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1GEORGETOWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1OH
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00

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