Civic Intelligence

Miami Valley In-Ovations Incorporated

990 • Fiscal year 2018 • EIN 31-1345575

Jan 01, 2018 to Dec 31, 2018 • Filed on May 30, 2019

5450 Salem AveDayton, OH 45426

(937) 457-2794

Siviq Scores

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

Liabilities / Assets

67th percentile

0.41x

Higher debt load relative to assets than 67% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

9.27x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

65th percentile

6.0%

Faster asset growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

8th percentile

-34%

Faster revenue growth than 8% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$19,779,971

Up $1,120,763 (+6.0%) from 2017

Net Assets

Up

$11,707,545

Up $852,005 (+7.8%) from 2017

Liabilities

Up

$8,072,426

Up $268,758 (+3.4%) from 2017

Revenue

Down

$870,580

Down $443,951 (-34%) from 2017

Expenses

Down

$18,575

Down $34,218 (-65%) from 2017

Net Income

Down

$852,005

Down $409,733 (-32%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2013: $11,691,169Liabilities 2013: $5,805,387Net Assets 2013: $5,885,7822013Assets 2014: $12,755,940Liabilities 2014: $5,914,422Net Assets 2014: $6,841,5182014Assets 2015: $14,184,876Liabilities 2015: $6,225,217Net Assets 2015: $7,959,6592015Assets 2016: $16,152,192Liabilities 2016: $6,558,390Net Assets 2016: $9,593,8022016Assets 2017: $18,659,208Liabilities 2017: $7,803,668Net Assets 2017: $10,855,5402017Assets 2018: $19,779,971Liabilities 2018: $8,072,426Net Assets 2018: $11,707,5452018Assets 2019: $20,178,080Liabilities 2019: $7,337,872Net Assets 2019: $12,840,2082019Assets 2020: $20,406,739Liabilities 2020: $6,710,434Net Assets 2020: $13,696,3052020Assets 2021: $20,887,293Liabilities 2021: $5,864,657Net Assets 2021: $15,022,6362021Assets 2022: $21,001,672Liabilities 2022: $5,147,121Net Assets 2022: $15,854,5512022Assets 2024: $21,447,517Liabilities 2024: $3,810,704Net Assets 2024: $17,636,8132024

Highlighted filing

2018

Assets$19,779,971
Liabilities$8,072,426
Net Assets$11,707,545

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2013: $1,344,411Expenses 2013: $66,572Net Income 2013: $1,277,8392013Revenue 2014: $883,132Expenses 2014: $54,929Net Income 2014: $828,2032014Revenue 2015: $1,131,924Expenses 2015: $13,783Net Income 2015: $1,118,1412015Revenue 2016: $1,648,770Expenses 2016: $14,627Net Income 2016: $1,634,1432016Revenue 2017: $1,314,531Expenses 2017: $52,793Net Income 2017: $1,261,7382017Revenue 2018: $870,580Expenses 2018: $18,575Net Income 2018: $852,0052018Revenue 2019: $1,156,034Expenses 2019: $23,371Net Income 2019: $1,132,6632019Revenue 2020: $878,457Expenses 2020: $22,360Net Income 2020: $856,0972020Revenue 2021: $1,359,793Expenses 2021: $33,462Net Income 2021: $1,326,3312021Revenue 2022: $1,178,044Expenses 2022: $323,251Net Income 2022: $854,7932022Revenue 2024: $1,189,539Expenses 2024: $401,818Net Income 2024: $787,7212024

Highlighted filing

2018

Revenue$870,580
Expenses$18,575
Net Income$852,005
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 30, 2019
Return Version
2018v3.1
Gross Receipts
$2,389,240
Mission and Program Overview

Mission

Provide affordable housing to individuals with developmental disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,326,832$17,434,579▲ $1,107,747
Savings and Temporary Cash Investments$1,612,932$1,762,353▲ $149,421
Cash and Non-Interest-Bearing Accounts$473,200$572,929▲ $99,729
Prepaid Expenses and Deferred Charges$31,966$0▼ $31,966
Accounts Receivable$159,029$10,110▼ $148,919
Total Assets$18,659,208$19,779,971▲ $1,120,763
Other Assets Total$55,249$0▼ $55,249
Liabilities
Deferred Revenue$7,537,290$7,933,768▲ $396,478
Other Liabilities$75,036$84,764▲ $9,728
Accounts Payable and Accrued Expenses$191,342$53,894▼ $137,448
Total Liabilities$7,803,668$8,072,426▲ $268,758
Net Assets / Fund Balance
Unrestricted Net Assets$10,855,540$11,707,545▲ $852,005
Total Net Assets Fund Balance$10,855,540$11,707,545▲ $852,005
Total Liabilities and Net Assets / Fund Balance$18,659,208$19,779,971▲ $1,120,763

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,404,219$2,823,362$12,227,581
Leasehold Improvements$4,753,978$1,499,826$6,253,804
Land$3,048,771-$3,048,771
Equipment$227,611$148,708$376,319
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anita SchmaltzChair
Matt SaulsVice Chair
Dawn LewisTrustee
Eddie JonesTrustee
Ralonda HoltTrustee
Carriaretha PaschalGeneral Manager
Shelli PenceSecretary
Rosalind BertoloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,433,880
Program Service Revenue
$0
Investment Income
$692
Other Revenue
$-563,992
Change in Net Assets
$852,005

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,389,240
Revenue Not Reported on Financial Statements
$-1,518,660
Revenue Not Reported on Form 990
$207,009
Other Revenue Adjustments
$-1,518,660
Total Revenue per Audited Statements
$2,596,249
Total Revenue per Form 990
$870,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,575
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
Fees for Services Accounting-$8,750-$8,750
Fees for Services Other$4,525--$4,525
Other Expenses-$2,932-$2,932
Office Expenses$1,234$665-$1,899
Fees for Services Legal$469--$469
Total Functional Expenses$6,228$12,347$0$18,575

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,744,244
Expenses Not Reported on Form 990$1,725,669
Expenses per Audited Statements$18,575
Total Expenses per Form 990$18,575
Expenses Not Reported on Financial Statements$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
Security Deposits$75,905
Deferred Real Eastate Taxes$8,859
Governance and Compliance

Governance Checklist

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

Line 11a explanation - the completed 990 is electronically sent to board members for review before signing. The outside auditor is available to answer any questions during this time.

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

ANNUAL DISCLOSURE

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Miami Valley In-ovations Inc
EIN
31-1345575
Phone
9374572794
Address
5450 SALEM AVE, DAYTON, OH 45426

Signing Officer

Name
Carriaretha
Title
General Manager
Phone
9374572794
Signed
2019-05-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carriaretha
Formed
1993
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Lloyd Darner Guenther & Ellis Pll
Address
7755 PARAGON RD STE 105, DAYTON, OH 45459
Preparer
James T Clark
Phone
9372973000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting and software fees: program service expenses 4,525. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,525.

FORM 990, PART XII, LINE 2C:

No change from prior year.

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -1,518,660.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses 1,518,660.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/PublicSupportPY170Pct00.99690
IRS990ScheduleA/PublicSupportTotal170Amt09338897
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01640889
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01958327
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02259789
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01821373
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01658519
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09338897
IRS990ScheduleA/TotalSupportAmt09342699
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt09404219
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02823362
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012227581
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0207009
IRS990ScheduleD/DonatedServicesUseFcltsAmt0207009
IRS990ScheduleD/EquipmentGrp/BookValueAmt0227611
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0148708
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0376319
IRS990ScheduleD/ExpensesNotReportedAmt01725669
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt018575
IRS990ScheduleD/LandGrp/BookValueAmt03048771
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03048771
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04753978
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01499826
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06253804
IRS990ScheduleD/OtherExpensesIncludedAmt01518660
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt075905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18859
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED REAL EASTATE TAXES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-1518660
IRS990ScheduleD/RevenueNotReportedAmt0207009
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-1518660
IRS990ScheduleD/RevenueSubtotalAmt02389240
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSES -1,518,660.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES 1,518,660.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017434579
IRS990ScheduleD/TotalExpensesPerForm990Amt018575
IRS990ScheduleD/TotalLiabilityAmt084764
IRS990ScheduleD/TotalRevenuePerForm990Amt0870580
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02596249
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01744244
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11A EXPLANATION - THE COMPLETED 990 IS ELECTRONICALLY SENT TO BOARD MEMBERS FOR REVIEW BEFORE SIGNING. THE OUTSIDE AUDITOR IS AVAILABLE TO ANSWER ANY QUESTIONS DURING THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL DISCLOSURE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING AND SOFTWARE FEES: PROGRAM SERVICE EXPENSES 4,525. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,525.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE FROM 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 IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018659208
IRS990/TotalAssetsEOYAmt019779971
IRS990/TotalAssetsGrp/BOYAmt018659208
IRS990/TotalAssetsGrp/EOYAmt019779971
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01433880
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012347
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06228
IRS990/TotalFunctionalExpensesGrp/TotalAmt018575
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07803668
IRS990/TotalLiabilitiesEOYAmt08072426
IRS990/TotalLiabilitiesGrp/BOYAmt07803668
IRS990/TotalLiabilitiesGrp/EOYAmt08072426
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010855540
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011707545
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06228
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0692
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-563992
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0870580
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018659208
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt019779971
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt010855540
IRS990/UnrestrictedNetAssetsGrp/EOYAmt011707545
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05450 SALEM AVE
IRS990/USAddress/CityNm0DAYTON
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd045426
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CARRIARETHA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum09374572794
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIAMI VALLEY IN-OVATIONS INC
ReturnHeader/Filer/BusinessNameControlTxt0MIAM
ReturnHeader/Filer/EIN0311345575
ReturnHeader/Filer/PhoneNum09374572794
ReturnHeader/Filer/USAddress/AddressLine1Txt05450 SALEM AVE
ReturnHeader/Filer/USAddress/CityNm0DAYTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045426
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F32D5BC90B12FF7E71DC92C4F51A73DA0EE624A0
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F32D5BC90B12FF7E71DC92C4F51A73DA0EE624A0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.135.20.58
ReturnHeader/FilingSecurityInformation/IPDt02019-05-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm011:03:45
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0310603874
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LLOYD DARNER GUENTHER & ELLIS PLL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07755 PARAGON RD STE 105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DAYTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045459
ReturnHeader/PreparerPersonGrp/PhoneNum09372973000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES T CLARK

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