Civic Intelligence

Coleman Apartments Inc

EIN 34-1789874 • 501(c)3 • Kent, OH

Profile

Housing for disabled persons and their families.

5982 Rhodes RoadKent, OH 44240

n/A

Siviq Scores

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

Liabilities / Assets

96th percentile

1.41x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

10.47x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

11th percentile

-31%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

34th percentile

-2.1%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

29th percentile

-5.9%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$473,546

Down $145,173 (-23%) from 2023

Liabilities

Down

$771,583

Down $190,342 (-20%) from 2023

Net Assets

Up

-$298,037

Up $45,169 (+13%) from 2023

Revenue

Up

$163,510

Up $94,396 (+137%) from 2023

Expenses

Up

$118,341

Up $16,359 (+16%) from 2023

Net Income

Up

$45,169

Up $78,037 (+237%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $672,207Liabilities 2010: $742,254Net Assets 2010: -$70,0472010Assets 2011: $663,425Liabilities 2011: $749,073Net Assets 2011: -$85,6482011Assets 2012: $657,779Liabilities 2012: $758,784Net Assets 2012: -$101,0052012Assets 2013: $644,082Liabilities 2013: $755,222Net Assets 2013: -$111,1402013Assets 2014: $628,632Liabilities 2014: $755,922Net Assets 2014: -$127,2902014Assets 2015: $597,180Liabilities 2015: $747,016Net Assets 2015: -$149,8362015Assets 2016: $608,393Liabilities 2016: $745,037Net Assets 2016: -$136,6442016Assets 2017: $597,452Liabilities 2017: $742,764Net Assets 2017: -$145,3122017Assets 2018: $588,845Liabilities 2018: $787,611Net Assets 2018: -$198,7662018Assets 2019: $577,520Liabilities 2019: $785,751Net Assets 2019: -$208,2312019Assets 2020: $565,549Liabilities 2020: $797,617Net Assets 2020: -$232,0682020Assets 2021: $570,562Liabilities 2021: $833,980Net Assets 2021: -$263,4182021Assets 2022: $599,564Liabilities 2022: $909,902Net Assets 2022: -$310,3382022Assets 2023: $618,719Liabilities 2023: $961,925Net Assets 2023: -$343,2062023Assets 2024: $473,546Liabilities 2024: $771,583Net Assets 2024: -$298,0372024

Highlighted filing

2024

Assets$473,546
Liabilities$771,583
Net Assets-$298,037

Operations Trend

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

$200K$100K$0-$100KExpenses 2010: $86,6542010Expenses 2011: $92,1332011Expenses 2012: $92,8902012Revenue 2013: $77,394Expenses 2013: $87,529Net Income 2013: -$10,1352013Revenue 2014: $76,822Expenses 2014: $92,972Net Income 2014: -$16,1502014Revenue 2015: $77,569Expenses 2015: $100,115Net Income 2015: -$22,5462015Revenue 2016: $108,087Expenses 2016: $94,895Net Income 2016: $13,1922016Revenue 2017: $81,921Expenses 2017: $90,589Net Income 2017: -$8,6682017Revenue 2018: $81,195Expenses 2018: $134,649Net Income 2018: -$53,4542018Revenue 2019: $80,938Expenses 2019: $90,403Net Income 2019: -$9,4652019Revenue 2020: $76,173Expenses 2020: $100,010Net Income 2020: -$23,8372020Revenue 2021: $82,556Expenses 2021: $112,396Net Income 2021: -$29,8402021Revenue 2022: $67,139Expenses 2022: $114,059Net Income 2022: -$46,9202022Revenue 2023: $69,114Expenses 2023: $101,982Net Income 2023: -$32,8682023Revenue 2024: $163,510Expenses 2024: $118,341Net Income 2024: $45,1692024

Highlighted filing

2024

Revenue$163,510
Expenses$118,341
Net Income$45,169

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.74$7.72$2.98$1.64$1.18$0.45
2023Detailed filing. Detailed filing data is available for this year.$6.19$9.62$3.43$0.69$1.02$0.33
2022Detailed filing. Detailed filing data is available for this year.$6.00$9.10$3.10$0.67$1.14$0.47
2021Detailed filing. Detailed filing data is available for this year.$5.71$8.34$2.63$0.83$1.12$0.30
2020Detailed filing. Detailed filing data is available for this year.$5.66$7.98$2.32$0.76$1.00$0.24
2019Detailed filing. Detailed filing data is available for this year.$5.78$7.86$2.08$0.81$0.90$0.09
2018Detailed filing. Detailed filing data is available for this year.$5.89$7.88$1.99$0.81$1.35$0.53
2017Detailed filing. Detailed filing data is available for this year.$5.97$7.43$1.45$0.82$0.91$0.09
2016Detailed filing. Detailed filing data is available for this year.$6.08$7.45$1.37$1.08$0.95$0.13
2015Detailed filing. Detailed filing data is available for this year.$5.97$7.47$1.50$0.78$1.00$0.23
2014Detailed filing. Detailed filing data is available for this year.$6.29$7.56$1.27$0.77$0.93$0.16
2013Detailed filing. Detailed filing data is available for this year.$6.44$7.55$1.11$0.77$0.88$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.58$7.59$1.01$0.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.63$7.49$0.86$0.92
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.72$7.42$0.70$0.87
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$163,510
Mission and Program Overview

Mission

Housing for disabled persons and their families

Housing for disabled persons and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$425,637$403,038▼ $22,599
Cash and Non-Interest-Bearing Accounts$62,116$26,874▼ $35,242
Accounts Receivable$639$838▲ $199
Total Assets$618,719$473,546▼ $145,173
Other Assets Total$130,327$42,796▼ $87,531
Liabilities
Other Liabilities$897,000$749,179▼ $147,821
Accounts Payable and Accrued Expenses$64,925$22,404▼ $42,521
Total Liabilities$961,925$771,583▼ $190,342
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,047$4,537▼ $1,510
Net Assets Without Donor Restrictions$-349,253$-302,574▲ $46,679
Total Net Assets Fund Balance$-343,206$-298,037▲ $45,169
Total Liabilities and Net Assets / Fund Balance$618,719$473,546▼ $145,173

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$234,518$487,077$721,595
Leasehold Improvements$69,902$8,916$78,818
Land$70,815-$70,815
Equipment$24,885$42,294$67,179
Other Land Buildings$2,918$7,239$10,157
Other Assets Org$143--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marcus SeifertPresident
Hattie M TracyVice President/treasurer
Charles EllisTrustee
David SommersTrustee
Elaine AlexanderTrustee
Michael BakesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$71,944
Investment Income
$4,974
Other Revenue
$86,592
Change in Net Assets
$45,169

Audited Revenue Reconciliation

Revenue per Audited Statements
$163,510
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$163,510
Total Revenue per Form 990
$163,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$118,341
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$48,483--$48,483
Depreciation Depletion$24,716--$24,716
Fees for Services Accounting-$18,625-$18,625
Insurance$11,833--$11,833
Fees for Services Management-$7,187-$7,187
Office Expenses-$4,188-$4,188
Other Expenses-$2,170-$2,170
Fees for Services Legal-$1,139-$1,139
Total Functional Expenses$85,032$33,309$0$118,341

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$118,341
Total Expenses per Audited Statements$118,341
Total Expenses per Form 990$118,341
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
Hud Capital Advance$732,400
Due to Affiliates$10,503
Other Liabilities$4,972
Tenant Security Deposits$1,304
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Coleman apartments has a management agreement with coleman professional services, inc., to manage the services of upkeep, facility repairs, collection of rents and work with residents to address their needs, concerns and complaints and perform the accounting functions under the overall direction of the board of trustees.

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

Vice president/treasurer reviews draft of return before filing. Any other trustee is provided a copy upon request.

Form 990, Part VI, Section C, Line 19

Form 990 is available to the public via guidestar website. Copies of any governing documents and financial statements are available upon written request.

Filing and Contact Details

Filer

Filer Name
Coleman Apartments Inc
EIN
34-1789874
Phone
3306731347
Address
5982 RHODES ROAD, KENT, OH 44240

Signing Officer

Name
Hattie M Tracy
Title
Vice President
Phone
3306768038
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hattie M Tracy
Formed
1994
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Boulay Pllp
Address
11095 VIKING DRIVE-STE 500, EDEN PRAIRIE, MN 55344
Preparer
Lance R Madson
Phone
9528939320
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The project is a tax-exempt organization as described in section 501(c)(3) of the internal revenue code and is exempt from federal and local income taxes on related income pursuant to section 501(a) of the code.

Raw XML AppendixShowing 400 of 409 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/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04974
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0608
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IRS990ScheduleA/InvestmentIncomeCYPct00.03570
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01830
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0294
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/PublicSupportPY509Pct00.94790
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt069114
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt067140
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt082556
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0487077
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0721595
IRS990ScheduleD/EquipmentGrp/BookValueAmt024885
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042294
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IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt070815
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08916
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1143
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HUD CAPITAL ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO AFFILIATES
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND LOCAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt042796
IRS990ScheduleD/TotalExpensesPerForm990Amt0118341
IRS990ScheduleD/TotalLiabilityAmt0749179
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COLEMAN APARTMENTS HAS A MANAGEMENT AGREEMENT WITH COLEMAN PROFESSIONAL SERVICES, INC., TO MANAGE THE SERVICES OF UPKEEP, FACILITY REPAIRS, COLLECTION OF RENTS AND WORK WITH RESIDENTS TO ADDRESS THEIR NEEDS, CONCERNS AND COMPLAINTS AND PERFORM THE ACCOUNTING FUNCTIONS UNDER THE OVERALL DIRECTION OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VICE PRESIDENT/TREASURER REVIEWS DRAFT OF RETURN BEFORE FILING. ANY OTHER TRUSTEE IS PROVIDED A COPY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS AVAILABLE TO THE PUBLIC VIA GUIDESTAR WEBSITE. COPIES OF ANY GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SubjectToProxyTaxInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt085032
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HATTIE M TRACY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOULAY PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011095 VIKING DRIVE-STE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDEN PRAIRIE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN

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