Civic Intelligence

118 E Second Street Property Inc

990EZ • Fiscal year 2020 • EIN 32-0332541

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 06, 2021

PO Box 1205Seymour, IN 47274

(812) 522-2989

Siviq Scores

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

Liabilities / Assets

75th percentile

0.35x

Higher debt load relative to assets than 75% of similar nonprofits.

2020 filings • 501(c)2 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

3.41x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)2 • <$500k nonprofits • Source year 2020

Net Margin

58th percentile

4.9%

Higher net margin than 58% of similar nonprofits.

2020 filings • 501(c)2 • <$500k nonprofits • Source year 2020

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2020 filings • 501(c)2 • <$500k nonprofits • Source year 2020

Asset Growth

30th percentile

-8.3%

Faster asset growth than 30% of similar nonprofits.

2020 filings • 501(c)2 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

25th percentile

-38%

Faster revenue growth than 25% of similar nonprofits.

2020 filings • 501(c)2 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$228,104

Down $22,436 (-9.0%) from 2018

Net Assets

Up

$147,587

Up $12,448 (+9.2%) from 2018

Liabilities

Down

$80,517

Down $34,884 (-30%) from 2018

Revenue

Down

$23,606

Down $11,637 (-33%) from 2018

Expenses

Down

$22,449

Down $5,222 (-19%) from 2018

Net Income

Down

$1,157

Down $6,415 (-85%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $304,526Liabilities 2012: $180,714Net Assets 2012: $123,8122012Assets 2013: $293,100Liabilities 2013: $172,213Net Assets 2013: $120,8872013Assets 2014: $283,674Liabilities 2014: $164,095Net Assets 2014: $119,5792014Assets 2016: $262,321Liabilities 2016: $139,453Net Assets 2016: $122,8682016Assets 2017: $255,301Liabilities 2017: $127,734Net Assets 2017: $127,5672017Assets 2018: $250,540Liabilities 2018: $115,401Net Assets 2018: $135,1392018Assets 2020: $228,104Liabilities 2020: $80,517Net Assets 2020: $147,5872020Assets 2021: $224,615Liabilities 2021: $65,976Net Assets 2021: $158,6392021Assets 2024: $192,884Liabilities 2024: $1,250Net Assets 2024: $191,6342024

Highlighted filing

2020

Assets$228,104
Liabilities$80,517
Net Assets$147,587

Operations Trend

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

$40K$20K$0-$20KRevenue 2012: $19,507Expenses 2012: $23,339Net Income 2012: -$3,8322012Revenue 2013: $18,895Expenses 2013: $21,820Net Income 2013: -$2,9252013Revenue 2014: $19,553Expenses 2014: $20,861Net Income 2014: -$1,3082014Revenue 2016: $20,263Expenses 2016: $16,046Net Income 2016: $4,2172016Revenue 2017: $20,048Expenses 2017: $19,224Net Income 2017: $8242017Revenue 2018: $35,243Expenses 2018: $27,671Net Income 2018: $7,5722018Revenue 2020: $23,606Expenses 2020: $22,449Net Income 2020: $1,1572020Revenue 2021: $35,817Expenses 2021: $24,765Net Income 2021: $11,0522021Revenue 2024: $39,892Expenses 2024: $29,650Net Income 2024: $10,2422024

Highlighted filing

2020

Revenue$23,606
Expenses$22,449
Net Income$1,157
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 6, 2021
Return Version
2020v4.1
Gross Receipts
$23,606
Mission and Program Overview

Mission

The organization is a 501(c)(2) title holding corporation for knights of columbus council 1252 (ein 35-1081447).

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION HOLDS TITLE TO REAL ESTATE LOCATED AT 118 EAST SECOND STREET IN SEYMOUR AND LEASES THE SAME TO KNIGHTS OF COLUMBUS COUNCIL 1252, A FRATERNAL ORGANIZATION OF CATHOLIC MEN EXEMPT UNDER IRC SECTION 501(C)(8).$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARK NOWLINGDirector-$0--
WILLIE REINHARTDirector-$0--
BILL BOHALLDirector-$0--
PAUL KEDROWITZDirector-$0--
PAT REINHARTDirector-$0--
TERRY HOFERPresident-$0--
MICHAEL KELLEYVice President-$0--
DAVID ROSSISecretary/Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
118 E Second Street Property Inc
EIN
32-0332541
Phone
8125222989
Address
PO BOX 1205, SEYMOUR, IN 47274

Signing Officer

Name
David Rossi
Title
Secretary/treasurer
Phone
8125808390
Signed
2021-07-06
Discuss with paid preparer
Yes

Preparer

Firm
Blue & Co LLC
Address
813 WEST SECOND STREET, SEYMOUR, IN 47274
Preparer
Thomas E Reinhart CPA
Phone
8125228416
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Rental Income

Kind and location of property: reception hall - 118 east second street, seymour, in. Amount: 5,605. Total to form 990-ez, line 14: 21,004.

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: mutualbank savings account interest. Amount: 1.

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 12,103. Description: other expenses. Amount: 8,901.

Form 990-ez, Part II, Line 24 - Other Assets

Description: other depreciable assets. Beg. Of year amount: 948. End of year amount: 759.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: mortgage loan. Beg. Of year amount: 82,321. End of year amount: 68,517. Description: deferred revenue. Beg. Of year amount: 20,000. End of year amount: 12,000.

Raw XML Appendix151 raw XML fields

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

Path#Value
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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DAVE ROSSI
IRS990EZ/BooksInCareOfDetail/PhoneNum08125222989
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 1205
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SEYMOUR
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd047274
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt031493
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IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
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IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt0147587
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0147587
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MARK NOWLING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1WILLIE REINHART
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BILL BOHALL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3PAUL KEDROWITZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4PAT REINHART
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5TERRY HOFER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6MICHAEL KELLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7DAVID ROSSI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7SECRETARY/TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationFiled990TInd01
IRS990EZ/OrganizationHadUBIInd01
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt0759
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION IS A 501(C)(2) TITLE HOLDING CORPORATION FOR KNIGHTS OF COLUMBUS COUNCIL 1252 (EIN 35-1081447).
IRS990EZ/ProgramServiceRevenueAmt018000
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION HOLDS TITLE TO REAL ESTATE LOCATED AT 118 EAST SECOND STREET IN SEYMOUR AND LEASES THE SAME TO KNIGHTS OF COLUMBUS COUNCIL 1252, A FRATERNAL ORGANIZATION OF CATHOLIC MEN EXEMPT UNDER IRC SECTION 501(C)(8).
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IN
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt080517
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt022449
IRS990EZ/TotalRevenueAmt023606
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KIND AND LOCATION OF PROPERTY: RECEPTION HALL - 118 EAST SECOND STREET, SEYMOUR, IN. AMOUNT: 5,605. TOTAL TO FORM 990-EZ, LINE 14: 21,004.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: MUTUALBANK SAVINGS ACCOUNT INTEREST. AMOUNT: 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DEPRECIATION. AMOUNT: 12,103. DESCRIPTION: OTHER EXPENSES. AMOUNT: 8,901.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 948. END OF YEAR AMOUNT: 759.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: MORTGAGE LOAN. BEG. OF YEAR AMOUNT: 82,321. END OF YEAR AMOUNT: 68,517. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 20,000. END OF YEAR AMOUNT: 12,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - RENTAL INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID ROSSI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08125808390
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0118 E SECOND STREET PROPERTY INC
ReturnHeader/Filer/BusinessNameControlTxt0118E
ReturnHeader/Filer/EIN0320332541
ReturnHeader/Filer/PhoneNum08125222989
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1205
ReturnHeader/Filer/USAddress/CityNm0SEYMOUR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047274
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351178661
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLUE & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0813 WEST SECOND STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEYMOUR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047274
ReturnHeader/PreparerPersonGrp/PhoneNum08125228416
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS E REINHART CPA
ReturnHeader/ReturnTs02021-08-26T08:54:01-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROSSI
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings