Civic Intelligence

Wesley Ridge Inc

990 • Fiscal year 2016 • EIN 31-1461485

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

Refreshing map…

5155 North High StreetColumbus, OH 43214

(614) 501-1300

Siviq Scores

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

Liabilities / Assets

98th percentile

1.51x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

3.00x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

53rd percentile

3.1%

Higher net margin than 53% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

78th percentile

$294,900

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

30th percentile

-2.0%

Faster asset growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

31st percentile

-3.6%

Faster revenue growth than 31% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$12,892,891

Down $257,351 (-2.0%) from 2015

Net Assets

Up

-$6,560,214

Up $201,903 (+3.0%) from 2015

Liabilities

Down

$19,453,105

Down $459,254 (-2.3%) from 2015

Revenue

Down

$6,478,609

Down $238,549 (-3.6%) from 2015

Expenses

Down

$6,276,706

Down $413,578 (-6.2%) from 2015

Net Income

Up

$201,903

Up $175,029 (+651%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $13,738,449Liabilities 2010: $18,128,558Net Assets 2010: -$4,390,1092010Assets 2011: $13,181,978Liabilities 2011: $17,851,799Net Assets 2011: -$4,669,8212011Assets 2012: $12,869,727Liabilities 2012: $19,328,018Net Assets 2012: -$6,458,2912012Assets 2013: $13,639,475Liabilities 2013: $20,376,574Net Assets 2013: -$6,737,0992013Assets 2014: $13,357,434Liabilities 2014: $20,146,425Net Assets 2014: -$6,788,9912014Assets 2015: $13,150,242Liabilities 2015: $19,912,359Net Assets 2015: -$6,762,1172015Assets 2016: $12,892,891Liabilities 2016: $19,453,105Net Assets 2016: -$6,560,2142016Assets 2017: $12,702,220Liabilities 2017: $19,381,269Net Assets 2017: -$6,679,0492017Assets 2018: $11,661,843Liabilities 2018: $18,690,872Net Assets 2018: -$7,029,0292018Assets 2019: $10,948,687Liabilities 2019: $17,888,332Net Assets 2019: -$6,939,6452019Assets 2020: $11,146,413Liabilities 2020: $17,508,217Net Assets 2020: -$6,361,8042020Assets 2021: $10,774,052Liabilities 2021: $18,024,401Net Assets 2021: -$7,250,3492021Assets 2022: $15,610,670Liabilities 2022: $18,836,083Net Assets 2022: -$3,225,4132022Assets 2024: $15,360,317Liabilities 2024: $20,776,330Net Assets 2024: -$5,416,0132024

Highlighted filing

2016

Assets$12,892,891
Liabilities$19,453,105
Net Assets-$6,560,214

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $6,338,6582010Expenses 2011: $6,210,1382011Expenses 2012: $7,623,7562012Revenue 2013: $6,155,078Expenses 2013: $6,440,324Net Income 2013: -$285,2462013Revenue 2014: $6,651,692Expenses 2014: $6,703,584Net Income 2014: -$51,8922014Revenue 2015: $6,717,158Expenses 2015: $6,690,284Net Income 2015: $26,8742015Revenue 2016: $6,478,609Expenses 2016: $6,276,706Net Income 2016: $201,9032016Revenue 2017: $6,705,195Expenses 2017: $6,824,030Net Income 2017: -$118,8352017Revenue 2018: $6,569,606Expenses 2018: $6,919,586Net Income 2018: -$349,9802018Revenue 2019: $6,840,044Expenses 2019: $6,750,660Net Income 2019: $89,3842019Revenue 2020: $7,399,716Expenses 2020: $6,821,875Net Income 2020: $577,8412020Revenue 2021: $5,616,058Expenses 2021: $6,504,603Net Income 2021: -$888,5452021Revenue 2022: $3,940,897Expenses 2022: $5,109,431Net Income 2022: -$1,168,5342022Revenue 2024: $6,715,336Expenses 2024: $7,824,710Net Income 2024: -$1,109,3742024

Highlighted filing

2016

Revenue$6,478,609
Expenses$6,276,706
Net Income$201,903
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.1
Gross Receipts
$6,484,420
Mission and Program Overview

Mission

To provide quality housing, healthcare, and services to seniors in an intentionally christian community, on a firm financial foundation, through effective strategic planning.

to provide quality housing, healthcare, and services to seniors in an intentionally christian community, on a firm financial foundation, through effective strategic plannng.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,729,383$9,412,060▼ $317,323
Investments in Publicly Traded Securities$1,636,213$1,625,298▼ $10,915
Cash and Non-Interest-Bearing Accounts$1,085,336$1,058,033▼ $27,303
Investments Program Related$363,009$365,611▲ $2,602
Accounts Receivable$28,956$151,442▲ $122,486
Prepaid Expenses and Deferred Charges$59,685$51,137▼ $8,548
Inventories for Sale or Use$34,459$31,060▼ $3,399
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$13,150,242$12,892,891▼ $257,351
Other Assets Total$213,201$198,250▼ $14,951
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,004,775$11,609,841▼ $394,934
Other Liabilities$7,481,571$7,568,700▲ $87,129
Accounts Payable and Accrued Expenses$250,370$190,191▼ $60,179
Deferred Revenue$175,643$84,373▼ $91,270
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$19,912,359$19,453,105▼ $459,254
Net Assets / Fund Balance
Temporarily Rstr Net Assets$24,399$27,016▲ $2,617
Permanently Rstr Net Assets$5,604$5,604→ $0
Unrestricted Net Assets$-6,792,120$-6,592,834▲ $199,286
Total Net Assets Fund Balance$-6,762,117$-6,560,214▲ $201,903
Total Liabilities and Net Assets / Fund Balance$13,150,242$12,892,891▼ $257,351

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,456,321$5,227,006$13,683,327
Other Land Buildings$482,792$1,611,495$2,094,287
Equipment$278,000$904,975$1,182,975
Land$194,947-$194,947

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$5,604---$5,604
2015$5,604---$5,604
2014$5,604---$5,604
2013$5,604---$5,604
2012$5,604---$5,604
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$14,312
Program Service Revenue
$6,457,567
Investment Income
$1,657
Other Revenue
$5,073
All Other Contributions
$14,312
Change in Net Assets
$201,903

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,375,883
Revenue Not Reported on Financial Statements
$102,726
Revenue Not Reported on Form 990
$5,811
Other Revenue Adjustments
$102,726
Total Revenue per Audited Statements
$6,381,694
Total Revenue per Form 990
$6,478,609
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,437,420
Other Expenses$2,736,560
Grants and Similar Amounts Paid$102,726
Total Fundraising Expense$13,750
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,570,819$264,178-$2,834,997
Interest$461,148$110,112-$571,260
Depreciation Depletion$510,218--$510,218
Fees for Services Management-$317,369-$317,369
Payroll Taxes$274,693$28,199-$302,892
Other Employee Benefits$242,997$38,879-$281,876
Occupancy$280,855--$280,855
Fees for Services Other$16,716$100,674-$117,390
Grants to Domestic Individuals$102,726--$102,726
Advertising-$84,199$13,750$97,949
Office Expenses$54,449$1,677-$56,126
All Other Expenses$49,969--$49,969
Insurance$48,648--$48,648
Other Expenses$45,412--$45,412
Fees for Services Legal-$20,850-$20,850
Pension Plan Contributions$17,655--$17,655
Information Technology$11,750--$11,750
Travel$1,382$2,211-$3,593
Conferences and Meetings$1,374$920-$2,294
Total Functional Expenses$5,293,688$969,268$13,750$6,276,706

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,276,706
Total Expenses per Audited Statements$6,179,791
Expenses per Audited Statements$6,173,980
Expenses Not Reported on Financial Statements$102,726
Other Expense Adjustments$102,726
Expenses Not Reported on Form 990$5,811
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$7,449,685
Loan Proceeds$119,015
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole member of the organization is methodist retirement center of central ohio, a related, tax-exempt organization the governing bodies of both organizations are identical. There are no other persons with rights to elect or appoint members of the governing body or to approve or ratify decisions of the govering body.

Form 990, Part VI, Section B, Line 11

The cfo reviews form 990 before filing. An electronic copy is provided to the board members for their review before filing.

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

The corporate compliance officer reviews on a monthly basis any possible conflict of interest situations and the board of trustees reviews on an annual basis. Employees and board members must disclose possible conflicts of interest involving themselves or their immediate families. If an employee or board member believes a conflict of interest exists or may exist, the employee or board member must notify the executive director of corporate compliance, and treat the situation as if a conflict exists until the executive director of corporate compliance resolves the potential conflict. Restrictions imposed include voting and participation.

Form 990, Part VI, Section B, Line 15

A related organization, wesley glen, inc, determines officers' compensation through use of written employment contracts, compensation surveys or studies, and approval by the board to establish compensation. The process was last completed in 2016.

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
Wesley Ridge Inc
EIN
31-1461485
In Care Of
% ROBERT WEHNER
Phone
6145011300
Address
5155 North High Street, Columbus, OH 43214

Signing Officer

Name
Robert Wehner
Title
CFO
Phone
6148887492
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Carmany
Formed
1996
Legal Domicile
Oh
Voting Board Members
21
Independent Board Members
21
Employees
187
Volunteers
35

Preparer

Firm
Hw&co
Address
23240 Chagrin Blvd Suite 700, Cleveland, OH 44122-5450
Preparer
Jordan L Keller CPA
Phone
2168311200
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

The Organization has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the Organization must hold in perpetuity. Under this policy, as approved by the Board of Directors, the endowment assets are invested in a manner that is intended to achieve a total return that is above the market using a composite index comprised of cash reserves (0 to 60 percent) and equities (0 to 40 percent). Actual returns in any given year may vary from this amount.

Schedule D, Part XI, line 4B, other amounts on form 990 not F/S:

Grant expense netted with revenues for financial statements $102,726

SCHEDULE D, PART XI, LINE 2D, OTHER AMOUNTS ON FORM 990 NOT F/S:

Cost of Sales netted with revenues on 990 not F/S $5,811

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IRS990/Form990PartVIISectionAGrp/PersonNm2THOMAS M BROWN
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IRS990/Form990PartVIISectionAGrp/PersonNm4CLARENCE J CUNNINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm5REV H EUGENE FOLDEN JR
IRS990/Form990PartVIISectionAGrp/PersonNm6JAN HILLS
IRS990/Form990PartVIISectionAGrp/PersonNm7ROBERT A HOLM
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID CADY
IRS990/Form990PartVIISectionAGrp/PersonNm9DIONE JOSEPH
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IRS990/Form990PartVIISectionAGrp/PersonNm11KAREN COOK
IRS990/Form990PartVIISectionAGrp/PersonNm12MARK J PALMER
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IRS990/Form990PartVIISectionAGrp/PersonNm17JON HOFFMAN
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IRS990/Form990PartVIISectionAGrp/PersonNm19JOAN WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm20MARK E STORER
IRS990/Form990PartVIISectionAGrp/PersonNm21MARGARET CARMANY
IRS990/Form990PartVIISectionAGrp/PersonNm22ROBERT WEHNER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt22CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt23COO
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IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
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IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
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IRS990/GrantsToOrganizationsInd0false
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IRS990/GrossSalesOfInventoryAmt06295
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IRS990/InterestGrp/ProgramServicesAmt0461148
IRS990/InterestGrp/TotalAmt0571260
IRS990/InventoriesForSaleOrUseGrp/BOYAmt034459
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE QUALITY HOUSING, HEALTHCARE, AND SERVICES TO SENIORS IN AN INTENTIONALLY CHRISTIAN COMMUNITY, ON A FIRM FINANCIAL FOUNDATION, THROUGH EFFECTIVE STRATEGIC PLANNING.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011609841
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0484
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IRS990/OfficeExpensesGrp/TotalAmt056126
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt038879
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0242997
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0281876
IRS990/OtherExpensesGrp/Desc0FOOD AND DIETARY
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSE/SUPPLIES
IRS990/OtherExpensesGrp/Desc2MINOR EQUIPMENT
IRS990/OtherExpensesGrp/Desc3MEDICAL SUPPLIES
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IRS990/OtherExpensesGrp/ProgramServicesAmt1196509
IRS990/OtherExpensesGrp/ProgramServicesAmt254447
IRS990/OtherExpensesGrp/ProgramServicesAmt345412
IRS990/OtherExpensesGrp/TotalAmt0351921
IRS990/OtherExpensesGrp/TotalAmt1196509
IRS990/OtherExpensesGrp/TotalAmt254447
IRS990/OtherExpensesGrp/TotalAmt345412
IRS990/OtherLiabilitiesGrp/BOYAmt07481571
IRS990/OtherLiabilitiesGrp/EOYAmt07568700
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04589
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04589

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.4$20.8$5.42$6.72$7.82$1.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$18.8$3.23$3.94$5.11$1.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$18.0$7.25$5.62$6.50$0.89
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$17.5$6.36$7.40$6.82$0.58
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$17.9$6.94$6.84$6.75$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$18.7$7.03$6.57$6.92$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.7$19.4$6.68$6.71$6.82$0.12
2016Detailed filing. Detailed filing data is available for this year.$12.9$19.5$6.56$6.48$6.28$0.20
2015Detailed filing. Detailed filing data is available for this year.$13.2$19.9$6.76$6.72$6.69$0.03
2014Detailed filing. Detailed filing data is available for this year.$13.4$20.1$6.79$6.65$6.70$0.05
2013Detailed filing. Detailed filing data is available for this year.$13.6$20.4$6.74$6.16$6.44$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$19.3$6.46$7.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$17.9$4.67$6.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$18.1$4.39$6.34