Civic Intelligence

Home Casas Inc

EIN 34-1094413 • 501(c)3 • Cleveland, OH

Profile

To develop, own, and operate rental housing and related facilities and services for low and moderate income persons, the elderly and handicapped.

1300 Key Tower 127 Public SquareCleveland, OH 44114

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.38x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

1.69x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

42nd percentile

1.1%

Higher net margin than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

25th percentile

-4.0%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2016

Revenue Growth

33rd percentile

-1.4%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2016

Assets

Down

$0

Down $2,541,516 (-100%) from 2016

Liabilities

Down

$0

Down $972,753 (-100%) from 2016

Net Assets

Down

$0

Down $1,568,763 (-100%) from 2016

Revenue

Up

$2,891,562

Up $2,316,782 (+403%) from 2016

Expenses

Down

$198,309

Down $370,002 (-65%) from 2016

Net Income

Up

$2,693,253

Up $2,686,784 (+41533%) from 2016

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $2,285,120Liabilities 2010: $1,159,068Net Assets 2010: $1,126,0522010Assets 2011: $2,372,606Liabilities 2011: $1,131,649Net Assets 2011: $1,240,9572011Assets 2012: $2,493,074Liabilities 2012: $1,068,607Net Assets 2012: $1,424,4672012Assets 2013: $2,626,944Liabilities 2013: $1,065,695Net Assets 2013: $1,561,2492013Assets 2014: $2,756,348Liabilities 2014: $1,117,121Net Assets 2014: $1,639,2272014Assets 2015: $2,583,869Liabilities 2015: $1,021,575Net Assets 2015: $1,562,2942015Assets 2016: $2,541,516Liabilities 2016: $972,753Net Assets 2016: $1,568,7632016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $598,9822010Expenses 2011: $565,3022011Expenses 2012: $497,0642012Revenue 2013: $613,190Expenses 2013: $476,408Net Income 2013: $136,7822013Revenue 2014: $591,568Expenses 2014: $513,590Net Income 2014: $77,9782014Revenue 2015: $492,582Expenses 2015: $569,515Net Income 2015: -$76,9332015Revenue 2016: $574,780Expenses 2016: $568,311Net Income 2016: $6,4692016Revenue 2017: $2,891,562Expenses 2017: $198,309Net Income 2017: $2,693,2532017

Highlighted filing

2017

Revenue$2,891,562
Expenses$198,309
Net Income$2,693,253

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$3,649,406
Mission and Program Overview

Mission

To develop, own and operate rental housing and related facilities and services for low and moderate income persons, the elderly and handicapped.

Operate housing facilities for low and moderate income persons, the elderly and handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,185,425$0▼ $2,185,425
Land, Buildings, and Equipment, Net$123,547$0▼ $123,547
Accounts Receivable$96,764$0▼ $96,764
Investments Program Related$54,099$0▼ $54,099
Savings and Temporary Cash Investments$51,987$0▼ $51,987
Cash and Non-Interest-Bearing Accounts$9,544$0▼ $9,544
Prepaid Expenses and Deferred Charges$5,052$0▼ $5,052
Investments Other Securities$100$0▼ $100
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,541,516$0▼ $2,541,516
Other Assets Total$14,998$0▼ $14,998
Liabilities
Mortgage Notes Payable Secured by Investment Property$841,574--
Accounts Payable and Accrued Expenses$113,782--
Other Liabilities$13,362$0▼ $13,362
Deferred Revenue$4,035--
Total Liabilities$972,753$0▼ $972,753
Net Assets / Fund Balance
Unrestricted Net Assets$1,238,763$0▼ $1,238,763
Temporarily Rstr Net Assets$330,000$0▼ $330,000
Total Net Assets Fund Balance$1,568,763$0▼ $1,568,763
Total Liabilities and Net Assets / Fund Balance$2,541,516$0▼ $2,541,516
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert KarlovetzPresident
Peggy BlissVice President
Alex GorobetzMember
Vickie HuskMember
Violetta RheaMember
Jerry QuackenbushSecretary
Bill ArmstrongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$119,907
Program Service Revenue
$2,339,127
Investment Income
$432,528
Other Revenue
$0
Change in Net Assets
$2,693,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$162,219
Salaries, Compensation, and Employee Benefits$36,090
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$97,416--$97,416
Other Salaries and Wages$14,810$13,280-$28,090
Interest$10,493--$10,493
Fees for Services Management$9,450--$9,450
Office Expenses-$7,385-$7,385
Other Employee Benefits$4,544--$4,544
Depreciation Depletion$4,458--$4,458
Other Expenses$4,011--$4,011
Payroll Taxes$3,456--$3,456
All Other Expenses$1,607--$1,607
Insurance$1,287$45-$1,332
Fees for Services Legal-$123-$123
Total Functional Expenses$177,476$20,833$0$198,309
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

The 990 is reviewed at the board meeting followed by a vote of approval.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Home Casas Inc
EIN
34-1094413
Phone
4193322678
Address
1300 KEY TOWER 127 PUBLIC SQUARE, CLEVELAND, OH 44114

Signing Officer

Name
Robert Karlovetz
Title
Board Treasurer
Phone
4193322678
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Armstrong
Formed
1972
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Clark Schaefer Hackett & Co
Address
14 EAST MAIN STREET SUITE 500, SPRINGFIELD, OH 45502
Preparer
Devesh Kamal CPA
Phone
9373992000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Closeout of entity upon sale of assets to unrelated party -4,262,016.

FORM 990, PART XII, LINE 2C:

The audit oversight and selection of an independent accountant process has not changed from the prior year.

Raw XML AppendixShowing 400 of 541 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.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0145252
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0178946
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0448514
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01039555
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt059700
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt062397
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0187552
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0174660
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0484328
IRS990ScheduleA/InvestmentIncomeCYPct00.19590
IRS990ScheduleA/InvestmentIncomePYPct00.21790
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt059863
IRS990ScheduleA/OtherIncome509Grp/TotalAmt059863
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.70390
IRS990ScheduleA/PublicSupportPY509Pct00.69770
IRS990ScheduleA/PublicSupportTotal509Amt01740318
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0102186
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt085825
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0188011
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0102186
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt085825
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0188011
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0190397
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0515080
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0370322
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0404016
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0448514
IRS990ScheduleA/Total509Grp/TotalAmt01928329
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0190416
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0574780
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0492582
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0591568
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0623174
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02472520
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd00
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0LAND
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1BUILDING AND IMPROVEMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02017-05-04
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12017-05-04
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt080000
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt11860820
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED AT THE BOARD MEETING FOLLOWED BY A VOTE OF APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CLOSEOUT OF ENTITY UPON SALE OF ASSETS TO UNRELATED PARTY -4,262,016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AUDIT OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT 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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0HOME CASAS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0341755263
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00.75000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0FREMONT HOUSING PARTNERSHIP INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0109 S FRONT STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0FREMONT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd043420
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0FREMONT HOUSING PARTNERSHIP INC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1FREMONT HOUSING PARTNERSHIP INC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt2HOMES CASAS INC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt3HOMES CASAS INC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd30
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0341755264
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1341850460
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2341850460
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN3341755264
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd11
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd30
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd2OH
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd3OH
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.00750
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct10.00750
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct20.99000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct30.99000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt1RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt2RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt3RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt075% INVESTMENT IN FREMONT HOUSING INC, WHICH OWNS 1% OF EAGLE MANOR
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt175% INVESTMENT IN FREMONT HOUSING INC, WHICH OWNS 1% OF TIFFIN WEST
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt2OWN AND OPERATE A 60 UNIT HOUSING COMPLEX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt3OWN AND OPERATE A 43 UNIT HOUSING COMPLEX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0EAGLE MANOR LIMITED PARTNERSHIP

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