Civic Intelligence

Homes-Casas Elderly Housing Inc.

990 • Fiscal year 2017 • EIN 34-1397637

Apr 01, 2016 to Mar 31, 2017 • Filed on Jun 22, 2017

219 South Front StreetFremont, OH 43420

(419) 332-2678

Siviq Scores

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

Liabilities / Assets

97th percentile

1.74x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

4.20x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

32nd percentile

-2.6%

Higher net margin than 32% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

29th percentile

-2.3%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

57th percentile

7.6%

Faster revenue growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,043,492

Down $24,987 (-2.3%) from 2016

Net Assets

Down

-$776,030

Down $11,348 (-1.5%) from 2016

Liabilities

Down

$1,819,522

Down $13,639 (-0.7%) from 2016

Revenue

Up

$433,024

Up $30,570 (+7.6%) from 2016

Expenses

Down

$444,372

Down $4,634 (-1.0%) from 2016

Net Income

Up

-$11,348

Up $35,204 (+76%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2011: $1,242,115Liabilities 2011: $1,919,390Net Assets 2011: -$677,2752011Assets 2012: $1,238,351Liabilities 2012: $1,914,614Net Assets 2012: -$676,2632012Assets 2013: $1,179,044Liabilities 2013: $1,895,921Net Assets 2013: -$716,8772013Assets 2014: $1,151,880Liabilities 2014: $1,879,657Net Assets 2014: -$727,7772014Assets 2015: $1,118,539Liabilities 2015: $1,836,669Net Assets 2015: -$718,1302015Assets 2016: $1,068,479Liabilities 2016: $1,833,161Net Assets 2016: -$764,6822016Assets 2017: $1,043,492Liabilities 2017: $1,819,522Net Assets 2017: -$776,0302017Assets 2018: $925,833Liabilities 2018: $1,704,437Net Assets 2018: -$778,6042018Assets 2019: $877,687Liabilities 2019: $1,681,546Net Assets 2019: -$803,8592019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$1,043,492
Liabilities$1,819,522
Net Assets-$776,030

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $452,1202011Expenses 2012: $455,6722012Expenses 2013: $482,8332013Revenue 2014: $437,222Expenses 2014: $448,122Net Income 2014: -$10,9002014Revenue 2015: $453,371Expenses 2015: $443,724Net Income 2015: $9,6472015Revenue 2016: $402,454Expenses 2016: $449,006Net Income 2016: -$46,5522016Revenue 2017: $433,024Expenses 2017: $444,372Net Income 2017: -$11,3482017Revenue 2018: $458,933Expenses 2018: $461,507Net Income 2018: -$2,5742018Revenue 2019: $461,238Expenses 2019: $486,493Net Income 2019: -$25,2552019Revenue 2020: $478,771Expenses 2020: $514,840Net Income 2020: -$36,0692020

Highlighted filing

2017

Revenue$433,024
Expenses$444,372
Net Income-$11,348
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Jun 22, 2017
Return Version
2016v3.0
Gross Receipts
$433,024
Mission and Program Overview

Mission

To provide subsidized housing to the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$551,101$574,001▲ $22,900
Savings and Temporary Cash Investments$398,127$347,917▼ $50,210
Accounts Receivable$14,887$14,207▼ $680
Cash and Non-Interest-Bearing Accounts$3,139$8,108▲ $4,969
Prepaid Expenses and Deferred Charges$4,787$6,699▲ $1,912
Total Assets$1,068,479$1,043,492▼ $24,987
Other Assets Total$96,438$92,560▼ $3,878
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,764,461$1,734,361▼ $30,100
Accounts Payable and Accrued Expenses$55,858$70,841▲ $14,983
Other Liabilities$11,245$12,760▲ $1,515
Deferred Revenue$1,597$1,560▼ $37
Total Liabilities$1,833,161$1,819,522▼ $13,639
Net Assets / Fund Balance
Unrestricted Net Assets$-764,682$-776,030▼ $11,348
Total Net Assets Fund Balance$-764,682$-776,030▼ $11,348
Total Liabilities and Net Assets / Fund Balance$1,068,479$1,043,492▼ $24,987

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$375,979$1,119,704$1,495,683
Leasehold Improvements$72,004$52,678$124,682
Land$124,247-$124,247
Other Land Buildings$1,395$79,398$80,793
Equipment$376$50,638$51,014
Other Assets Org$80,371--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert KarlovetzPresident
Peggy BlissVice President
Alex GorobetzBoard Member
Vickie HuskBoard Member
Violetta TheaBoard Member
Jerry QuackenbushSecretary
William ArmstrongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$266,884
Program Service Revenue
$164,309
Investment Income
$325
Other Revenue
$1,506
Change in Net Assets
$-11,348

Audited Revenue Reconciliation

Revenue per Audited Statements
$433,024
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$433,024
Total Revenue per Form 990
$433,024
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$394,106
Salaries, Compensation, and Employee Benefits$50,266
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$101,245--$101,245
Interest$86,939--$86,939
Depreciation Depletion$47,433--$47,433
Other Salaries and Wages$27,975$15,149-$43,124
Fees for Services Other$34,498--$34,498
Insurance$24,269--$24,269
Fees for Services Management-$19,962-$19,962
Office Expenses-$11,647-$11,647
Fees for Services Accounting-$9,000-$9,000
All Other Expenses$4,933$3,210-$8,143
Other Expenses$3,945--$3,945
Payroll Taxes$2,457$1,330-$3,787
Other Employee Benefits$2,176$1,179-$3,355
Advertising-$173-$173
Total Functional Expenses$382,722$61,650$0$444,372

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$444,372
Total Expenses per Audited Statements$444,372
Total Expenses per Form 990$444,372
Expenses Not Reported on Financial Statements$0
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
Tenant Deposits Held in Trust$12,760
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
HomesCasas Elderly Housing Inc
EIN
34-1397637
Phone
4193322678
Address
219 South Front Street, Fremont, OH 43420

Signing Officer

Name
Robert Karlovetz
Title
President
Phone
4193322678
Signed
2017-06-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Karlovetz
Formed
1983
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 XII, Line 2C:

No change from prior year in the oversight process or the selection process.

Financial Statement Notes

Part X, Line 2:

The Corporation is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code. The Project's reporting returns are subject to audit by federal and state taxing authorities. No income tax provision has been included in the financial statements as the Corporation has determined it does not have unrelated business income subject to taxation.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0699
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0590
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02001
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0164309
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0163093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0160526
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0436632
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0442177
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01366737
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0325
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0345
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0699
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0590
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02001
IRS990ScheduleA/InvestmentIncomeCYPct00.00090
IRS990ScheduleA/InvestmentIncomePYPct00.00110
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01506
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01127
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02633
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.73520
IRS990ScheduleA/PublicSupportPY509Pct00.73750
IRS990ScheduleA/PublicSupportTotal509Amt01594234
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0197625
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0188335
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0183462
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0569422
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0197625
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0188335
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0183462
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0569422
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0431193
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0400982
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0452672
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0436632
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0442177
IRS990ScheduleA/Total509Grp/TotalAmt02163656
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0433024
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0402454
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0453371
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0437222
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0442219
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02168290
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0375979
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01119704
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01495683
IRS990ScheduleD/EquipmentGrp/BookValueAmt0376
IRS990ScheduleD/EquipmentGrp/DepreciationAmt050638
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt051014
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0444372
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0124247
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0124247
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt072004
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt052678
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0124682
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012189
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt180371
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED FINANCING COSTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01395
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt079398
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt080793
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012760
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0433024
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code. The Project's reporting returns are subject to audit by federal and state taxing authorities. No income tax provision has been included in the financial statements as the Corporation has determined it does not have unrelated business income subject to taxation.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0574001
IRS990ScheduleD/TotalBookValueOtherAssetsAmt092560
IRS990ScheduleD/TotalExpensesPerForm990Amt0444372
IRS990ScheduleD/TotalLiabilityAmt012760
IRS990ScheduleD/TotalRevenuePerForm990Amt0433024
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0433024
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0444372
IRS990/ScheduleJRequiredInd00
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/ExplanationTxt2NO CHANGE FROM PRIOR YEAR IN THE OVERSIGHT PROCESS OR THE SELECTION PROCESS.
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 XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HOMESCASAS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0341094413
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OWN AND OPERATE HOUSING FACILITIES FOR LOW AND MODERATE INCOME PERSONS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 774
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FREMONT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd043420
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00

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