Civic Intelligence

Winslow Rhf Housing Inc.

990 • Fiscal year 2018 • EIN 33-0236331

Oct 01, 2017 to Sep 30, 2018 • Filed on Apr 22, 2019

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911 N Studebaker RoadLong Beach, CA 90815

(562) 257-5100

Siviq Scores

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

Liabilities / Assets

94th percentile

1.15x

Higher debt load relative to assets than 94% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

2.08x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

51st percentile

3.6%

Higher net margin than 51% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

99th percentile

$508,952

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 128.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

38th percentile

-1.8%

Faster asset growth than 38% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

2.4%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$721,769

Down $12,930 (-1.8%) from 2017

Net Assets

Up

-$106,014

Up $14,430 (+12%) from 2017

Liabilities

Down

$827,783

Down $27,360 (-3.2%) from 2017

Revenue

Up

$397,674

Up $9,346 (+2.4%) from 2017

Expenses

Up

$383,244

Up $2,482 (+0.7%) from 2017

Net Income

Up

$14,430

Up $6,864 (+91%) from 2017

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 2010: $910,651Liabilities 2010: $1,095,296Net Assets 2010: -$184,6452010Assets 2011: $900,695Liabilities 2011: $1,080,653Net Assets 2011: -$179,9582011Assets 2012: $879,753Liabilities 2012: $1,054,618Net Assets 2012: -$174,8652012Assets 2013: $860,604Liabilities 2013: $1,027,276Net Assets 2013: -$166,6722013Assets 2014: $837,449Liabilities 2014: $991,611Net Assets 2014: -$154,1622014Assets 2015: $806,060Liabilities 2015: $930,759Net Assets 2015: -$124,6992015Assets 2017: $734,699Liabilities 2017: $855,143Net Assets 2017: -$120,4442017Assets 2018: $721,769Liabilities 2018: $827,783Net Assets 2018: -$106,0142018Assets 2019: $666,653Liabilities 2019: $786,801Net Assets 2019: -$120,1482019Assets 2021: $610,557Liabilities 2021: $713,325Net Assets 2021: -$102,7682021Assets 2022: $589,478Liabilities 2022: $723,372Net Assets 2022: -$133,8942022

Highlighted filing

2018

Assets$721,769
Liabilities$827,783
Net Assets-$106,014

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $338,9752010Expenses 2011: $334,3212011Expenses 2012: $346,8502012Expenses 2013: $357,2752013Revenue 2014: $372,385Expenses 2014: $359,875Net Income 2014: $12,5102014Revenue 2015: $378,685Expenses 2015: $349,222Net Income 2015: $29,4632015Revenue 2017: $388,328Expenses 2017: $380,762Net Income 2017: $7,5662017Revenue 2018: $397,674Expenses 2018: $383,244Net Income 2018: $14,4302018Revenue 2019: $401,601Expenses 2019: $415,735Net Income 2019: -$14,1342019Revenue 2021: $414,096Expenses 2021: $395,708Net Income 2021: $18,3882021Revenue 2022: $416,041Expenses 2022: $447,167Net Income 2022: -$31,1262022

Highlighted filing

2018

Revenue$397,674
Expenses$383,244
Net Income$14,430
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Apr 22, 2019
Return Version
2017v2.3
Gross Receipts
$397,674
Mission and Program Overview

Mission

Winslow rhf housing, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of nebraska. The corporation was formed for the purpose of operating a 42 unit community known as winslow manor located in winslow, arizona, which provides housing for low income elderly persons pursuant to section 202 of the national housing act, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$628,758$611,189▼ $17,569
Investments Program Related$91,724$85,883▼ $5,841
Prepaid Expenses and Deferred Charges$0$9,737▲ $9,737
Accounts Receivable$322$6,212▲ $5,890
Cash and Non-Interest-Bearing Accounts$191$190▼ $1
Savings and Temporary Cash Investments$5,225$45▼ $5,180
Total Assets$734,699$721,769▼ $12,930
Other Assets Total$8,479$8,513▲ $34
Liabilities
Mortgage Notes Payable Secured by Investment Property$814,639$768,967▼ $45,672
Accounts Payable and Accrued Expenses$31,995$50,508▲ $18,513
Other Liabilities$8,479$8,291▼ $188
Deferred Revenue$30$17▼ $13
Total Liabilities$855,143$827,783▼ $27,360
Net Assets / Fund Balance
Unrestricted Net Assets$-120,444$-106,014▲ $14,430
Total Net Assets Fund Balance$-120,444$-106,014▲ $14,430
Total Liabilities and Net Assets / Fund Balance$734,699$721,769▼ $12,930

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$494,624$891,049$1,385,673
Land$90,000-$90,000
Equipment$26,565$28,757$55,322
Investment Program Related Org$85,883--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Laverne R JosephPresident, CEO
Darryl M SextonVice President
Christina E PotterDirector
David S MoyerDirector
David a EthingtonDirector
John BaumanDirector
Raymond E EastDirector
Stewart M SimingtonDirector
Bobby FardDirector of Acquisitions
John ClowDirector of Risk Management
Kevin GilchristSr Director of Development
Cheryl J HowellASS'T TO PRES., VP OF ADM.
Frank Rossello JrCFO and VP of Finance
Christopher PurcellController
See Schedule Jo SalaryDisclosure - Pgs 32 & 36
Diane KingRegional Manager Health Care
Robert R AmbergSr VP General Counsel
Frank G JahrlingTreasurer
Anders PlettVP Acquisitions & Proj. Dv
Peter Oscar PeabodyVP Health Care Operations
Stuart J HartmanVP Housing Operations
Nada BattagliaVP Human Resources
Deborah J StouffVP of Corp. Records, Corp.
Stephanie TitusVP Philanthropy
Vincent B MagnoneVP Treasury
Revenue and Support

Revenue Composition

Contributions and Grants
$284,474
Program Service Revenue
$110,485
Investment Income
$79
Other Revenue
$2,636
Change in Net Assets
$14,430

Audited Revenue Reconciliation

Revenue per Audited Statements
$397,674
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$397,674
Total Revenue per Form 990
$397,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$383,244
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
Occupancy$199,630--$199,630
Depreciation Depletion$37,065--$37,065
Other Expenses$33,721--$33,721
Fees for Services Management-$21,156-$21,156
Office Expenses$17,267--$17,267
Fees for Services Accounting-$5,150-$5,150
Insurance$4,848--$4,848
Advertising-$2,271-$2,271
Travel-$1,955-$1,955
Total Functional Expenses$352,712$30,532$0$383,244

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$383,244
Expenses per Audited Statements$383,189
Total Expenses per Audited Statements$383,189
Expenses Not Reported on Financial Statements$55
Other Expense Adjustments$55
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
Security Deposits$8,291
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
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The winslow rhf housing, inc. Apartment community is managed by foundation property management, inc., a professional property management company. Foundation property management, inc. Has a project owner's and management agent's certification for multifamily housing projects with the u.s. Department of housing & urban development. Under this certification, hud has approved foundation property management, inc. To manage the winslow rhf housing, inc. Apartment community. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a sanitary and affordable environment. Stuart j. Hartman and peter oscar peabody are compensated by foundation property management, inc. As follows: base compensation of $260.230 and $224,121, other compensation of $5,400 and $5,400, deferred compensation of $21,464 and $6,562, and nontaxable benefits of $28,417 and $20,168, respectively.

Form 990, Part VI, Section A, Line 6

There is one corporate member of winslow rhf housing, inc., and that member is retirement housing foundation, its designee, or its successor in interest.

Form 990, Part VI, Section A, Line 7A

The directors will be elected by the corporate member, retirement housing foundation.

Form 990, Part VI, Section A, Line 7B

The bylaws may not be amended, repealed, added to, nor new bylaws adopted except with the written consent of the member, retirement housing foundation.

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

The auditing firm sends a draft of the return to the management company. The corporate secretary and director of housing accounting review and approve the return prior to filing.

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

Upon joining the company and annually thereafter, all employees and board members are required to complete and sign a certification acknowledging their understanding and agreement to comply with the company's conflict of interest policy, including disclosing any activities that may appear or may be deemed violations of the policy. Board members and company officers have an additional and more comprehensive conflict of interest policy and certification requirement. Designated management personnel are responsible for tracking the distribution and return of all certifications and for accounting and reporting any disclosures to the company's compliance officer. If further review of any disclosure is merited, the compliance officer forwards the certification to the company's general counsel, ceo, and/or board for final disposition. Individuals who have made disclosures are advised of final dispositions. An employee's failure to submit timely certifications, disclosures, and/or to take the necessary required actions to avoid conflicts may be disciplined, up to and including termination. If the individual is a board member, he or she may be subject to removal from his or her position.

Form 990, Part VI, Section B, Line 15

The process for determining compensation for the ceo, executive director, top management officials, and other officers or key employees included an extensive review and approval by independent persons.

Form 990, Part VI, Section C, Line 19

The form 990 and all related financial and policy information are made available to the public upon written request.

FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:

All of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.

FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II:

The compensation listed on schedule j and elsewhere in this return is for services provided to and paid by retirement housing foundation which is a related organization that sponsors and manages through subsidiaries approximately 190 tax exempt organizations and partnerships that provide affordable and market-rate housing, skilled nursing and assisted living services for senior adults, low income families and persons with disabilities throughout the united states including the district of columbia, puerto rico and the virgin islands.

Filing and Contact Details

Filer

Filer Name
Winslow Rhf Housing Inc
EIN
33-0236331
Phone
5622575100
Address
911 N STUDEBAKER ROAD, LONG BEACH, CA 90815
Doing Business As
Winslow Manor

Signing Officer

Name
Deborah Stouff
Title
Corporate Secretary
Phone
5622575100
Signed
2019-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Stouff
Formed
1987
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Jessica Cooper
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Foundation property management, inc., the management company, receives a copy of the audit. Prior to the finalization of the audit, the top level executives at foundation property management, inc. Give their approval. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Book/tax depreciation difference 55.

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IRS990/Form990PartVIISectionAGrp/PersonNm0DARRYL M SEXTON
IRS990/Form990PartVIISectionAGrp/PersonNm1FRANK G JAHRLING
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRISTINA E POTTER
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN BAUMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4RAYMOND E EAST
IRS990/Form990PartVIISectionAGrp/PersonNm5STEWART M SIMINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID S MOYER
IRS990/Form990PartVIISectionAGrp/PersonNm7DAVID A ETHINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm8DR LAVERNE R JOSEPH
IRS990/Form990PartVIISectionAGrp/PersonNm9DEBORAH J STOUFF
IRS990/Form990PartVIISectionAGrp/PersonNm10ROBERT R AMBERG
IRS990/Form990PartVIISectionAGrp/PersonNm11STUART J HARTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12FRANK ROSSELLO JR
IRS990/Form990PartVIISectionAGrp/PersonNm13PETER OSCAR PEABODY
IRS990/Form990PartVIISectionAGrp/PersonNm14ANDERS PLETT
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IRS990/Form990PartVIISectionAGrp/PersonNm19STEPHANIE TITUS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT, CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP OF CORP. RECORDS, CORP.
IRS990/Form990PartVIISectionAGrp/TitleTxt10SR VP GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP HOUSING OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt12CFO AND VP OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP HEALTH CARE OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP ACQUISITIONS & PROJ. DV
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP TREASURY
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt17SR DIRECTOR OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASS'T TO PRES., VP OF ADM.
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP PHILANTHROPY
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIR OF RISK MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR OF ACQUISITIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt23REGIONAL MANAGER HEALTH CARE
IRS990/Form990PartVIISectionAGrp/TitleTxt24DISCLOSURE - PGS 32 & 36
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0WINSLOW RHF HOUSING, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NEBRASKA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 42 UNIT COMMUNITY KNOWN AS WINSLOW MANOR LOCATED IN WINSLOW, ARIZONA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.
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IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00

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