Civic Intelligence

Coleman Apartments Inc

990 • Fiscal year 2020 • EIN 34-1789874

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 02, 2021

5982 Rhodes RoadKent, OH 44240

(330) 673-1347

Siviq Scores

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

Liabilities / Assets

96th percentile

1.41x

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

2020 filings • 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.

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

Net Margin

12th percentile

-31%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

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

Asset Growth

27th percentile

-2.1%

Faster asset growth than 27% of similar nonprofits.

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

Revenue Growth

43rd percentile

-5.9%

Faster revenue growth than 43% of similar nonprofits.

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

Assets

Down

$565,549

Down $11,971 (-2.1%) from 2019

Net Assets

Down

-$232,068

Down $23,837 (-11%) from 2019

Liabilities

Up

$797,617

Up $11,866 (+1.5%) from 2019

Revenue

Down

$76,173

Down $4,765 (-5.9%) from 2019

Expenses

Up

$100,010

Up $9,607 (+11%) from 2019

Net Income

Down

-$23,837

Down $14,372 (-152%) from 2019

Historical Trend

Balance Sheet Trend

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

$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

2020

Assets$565,549
Liabilities$797,617
Net Assets-$232,068

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$76,173
Expenses$100,010
Net Income-$23,837
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 2, 2021
Return Version
2020v4.0
Gross Receipts
$76,173
Mission and Program Overview

Mission

Housing for disabled persons and their families

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$425,690$410,867▼ $14,823
Accounts Receivable$165$4,852▲ $4,687
Cash and Non-Interest-Bearing Accounts$14,484$3,912▼ $10,572
Total Assets$577,520$565,549▼ $11,971
Other Assets Total$137,181$145,918▲ $8,737
Liabilities
Other Liabilities$776,317$776,552▲ $235
Accounts Payable and Accrued Expenses$9,434$21,065▲ $11,631
Total Liabilities$785,751$797,617▲ $11,866
Net Assets / Fund Balance
Net Assets With Donor Restrictions$12,087$10,577▼ $1,510
Net Assets Without Donor Restrictions$-220,318$-242,645▼ $22,327
Total Net Assets Fund Balance$-208,231$-232,068▼ $23,837
Total Liabilities and Net Assets / Fund Balance$577,520$565,549▼ $11,971

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$308,926$417,374$726,300
Land$70,815-$70,815
Equipment$29,957$34,398$64,355
Other Land Buildings$1,169$6,871$8,040
Other Assets Org$145,918--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marcus SeifertPresident
Nelson W BurnsV President/
David SommersTrustee
Elaine AlexanderTrustee
Lenny KunkaTrustee
Michael BakesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$75,271
Investment Income
$608
Other Revenue
$294
Change in Net Assets
$-23,837

Audited Revenue Reconciliation

Revenue per Audited Statements
$76,173
Total Revenue per Audited Statements
$76,173
Total Revenue per Form 990
$76,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$100,010
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$33,525--$33,525
Fees for Services Accounting-$26,720-$26,720
Depreciation Depletion$19,198--$19,198
Insurance$6,985--$6,985
Fees for Services Management-$6,844-$6,844
Fees for Services Other-$6,153-$6,153
Fees for Services Legal-$585-$585
Total Functional Expenses$59,708$40,302$0$100,010

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$100,010
Total Expenses per Audited Statements$100,010
Total Expenses per Form 990$100,010
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
Capital Advance - Hud$732,400
Residual Receipts Recapture$42,898
Tenants Security Deposits$1,254
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 3

All management functions are performed by coleman professional services.

Form 990, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 15A

The organization does not currently have any paid employees. A policy for reviewing compensation of the top executive and key employees would be instituted prior to compensating any employees.

Form 990, Page 6, Part VI, Line 15B

The organization does not currently have any paid employees. A policy for reviewing compensation of the top executive and key employees would be instituted prior to compensating any employees.

Form 990, Page 6, Part VI, 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
Address
5982 RHODES ROAD, KENT, OH 44240

Signing Officer

Name
Nelson W Burns
Title
V President/treas
Signed
2021-04-02

Organization Details

Principal Officer
Nelson W Burns
Formed
1994
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
6

Preparer

Firm
Mcmanus Dosen & Co
Address
7251 ENGLE RD STE 406, MIDDLEBURG HEIGHTS, OH 44130-3400
Preparer
Michael D Mcmanus CPA
Phone
4402433400
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The internal revenue service issued a determination in may of 1999 exempting the project from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes is included in these statements. Accounting principles generally accepted in the united states of america require project management to evaluate tax positions taken by the project and recognize a tax liability if the project has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has determined that the project does not have any uncertain tax positions and the associated unrecognized benefits that materially impact the financial statements or related disclosures. The project is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The project believes it is no longer subject to income tax examinations for years prior to 2017.

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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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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt070815
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt070815
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0145918
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDED RESERVES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01169
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06871
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08040
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0732400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt142898
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21254
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL ADVANCE - HUD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESIDUAL RECEIPTS RECAPTURE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANTS SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt076173
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE ISSUED A DETERMINATION IN MAY OF 1999 EXEMPTING THE PROJECT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THESE STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PROJECT MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PROJECT AND RECOGNIZE A TAX LIABILITY IF THE PROJECT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS DETERMINED THAT THE PROJECT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND THE ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PROJECT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0145918
IRS990ScheduleD/TotalExpensesPerForm990Amt0100010
IRS990ScheduleD/TotalLiabilityAmt0776552
IRS990ScheduleD/TotalRevenuePerForm990Amt076173
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt076173
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0100010
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MANAGEMENT FUNCTIONS ARE PERFORMED BY COLEMAN PROFESSIONAL SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VICE PRESIDENT/TREASURER REVIEWS DRAFT OF RETURN BEFORE FILING. ANY OTHER TRUSTEE IS PROVIDED A COPY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT CURRENTLY HAVE ANY PAID EMPLOYEES. A POLICY FOR REVIEWING COMPENSATION OF THE TOP EXECUTIVE AND KEY EMPLOYEES WOULD BE INSTITUTED PRIOR TO COMPENSATING ANY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT CURRENTLY HAVE ANY PAID EMPLOYEES. A POLICY FOR REVIEWING COMPENSATION OF THE TOP EXECUTIVE AND KEY EMPLOYEES WOULD BE INSTITUTED PRIOR TO COMPENSATING ANY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 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, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt059708
IRS990/TotalFunctionalExpensesGrp/TotalAmt0100010
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0785751
IRS990/TotalLiabilitiesEOYAmt0797617
IRS990/TotalLiabilitiesGrp/BOYAmt0785751
IRS990/TotalLiabilitiesGrp/EOYAmt0797617
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-208231
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-232068
IRS990/TotalProgramServiceExpensesAmt059708
IRS990/TotalProgramServiceRevenueAmt075271
IRS990/TotalRevenueGrp/ExclusionAmt0608
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt075565
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt076173
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0577520
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0565549
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0KENT
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044240
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.COLEMAN-RESIDENTIAL.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NELSON W BURNS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0V PRESIDENT/TREAS
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLEMAN APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0COLE
ReturnHeader/Filer/EIN0341789874
ReturnHeader/Filer/USAddress/AddressLine1Txt05982 RHODES ROAD
ReturnHeader/Filer/USAddress/CityNm0KENT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044240
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341639529
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCMANUS DOSEN & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07251 ENGLE RD STE 406
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIDDLEBURG HEIGHTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0441303400
ReturnHeader/PreparerPersonGrp/PhoneNum04402433400
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL D MCMANUS CPA
ReturnHeader/ReturnTs02021-06-28T09:55:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NELSON W
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURNS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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