Civic Intelligence

Dale Community Apartments Inc

990 • Fiscal year 2016 • EIN 35-1283171

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 22, 2017

Organization ProfileN/A
PO Box 40Dale, IN 47523

(812) 937-2255

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.46x

Higher debt load relative to assets than 82% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

2.38x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Net Margin

8th percentile

-32%

Higher net margin than 8% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

61st percentile

$1,200

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Asset Growth

14th percentile

-8.2%

Faster asset growth than 14% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-62%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$1,170,334

Down $105,171 (-8.2%) from 2015

Net Assets

Down

$637,582

Down $72,673 (-10%) from 2015

Liabilities

Down

$532,752

Down $32,498 (-5.7%) from 2015

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin8th percentile

Revenue

Down

$223,832

Down $371,159 (-62%) from 2015

Expenses

Up

$296,505

Up $46,658 (+19%) from 2015

Net Income

Down

-$72,673

Down $417,817 (-121%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $1,275,505Liabilities 2015: $565,250Net Assets 2015: $710,2552015Assets 2016: $1,170,334Liabilities 2016: $532,752Net Assets 2016: $637,5822016Assets 2017: $1,117,586Liabilities 2017: $496,021Net Assets 2017: $621,5652017Assets 2018: $1,050,675Liabilities 2018: $459,428Net Assets 2018: $591,2472018Assets 2019: $994,586Liabilities 2019: $429,070Net Assets 2019: $565,5162019Assets 2020: $920,548Liabilities 2020: $390,135Net Assets 2020: $530,4132020Assets 2021: $884,447Liabilities 2021: $360,881Net Assets 2021: $523,5662021Assets 2022: $836,341Liabilities 2022: $343,827Net Assets 2022: $492,5142022Assets 2023: $1,687,525Liabilities 2023: $1,216,023Net Assets 2023: $471,5022023

Highlighted filing

2016

Assets$1,170,334
Liabilities$532,752
Net Assets$637,582
Open 2016 Filing

Operations Trend

Revenue Growth3rd percentile

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

$600K$400K$200K$0-$200KRevenue 2015: $594,991Expenses 2015: $249,847Net Income 2015: $345,1442015Revenue 2016: $223,832Expenses 2016: $296,505Net Income 2016: -$72,6732016Revenue 2017: $243,737Expenses 2017: $259,754Net Income 2017: -$16,0172017Revenue 2018: $253,208Expenses 2018: $283,526Net Income 2018: -$30,3182018Revenue 2019: $259,633Expenses 2019: $285,364Net Income 2019: -$25,7312019Revenue 2020: $258,131Expenses 2020: $293,234Net Income 2020: -$35,1032020Revenue 2021: $281,861Expenses 2021: $288,708Net Income 2021: -$6,8472021Revenue 2022: $296,256Expenses 2022: $327,308Net Income 2022: -$31,0522022Revenue 2023: $329,652Expenses 2023: $350,664Net Income 2023: -$21,0122023

Highlighted filing

2016

Revenue$223,832
Expenses$296,505
Net Income-$72,673
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 22, 2017
Return Version
2016v3.0
Gross Receipts
$223,832
Mission and Program Overview

Mission

To provide rental housing for eligible occupants under the fmha subsidized housing program

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,131,386$1,043,301▼ $88,085
Savings and Temporary Cash Investments$121,204$122,694▲ $1,490
Prepaid Expenses and Deferred Charges$12,072$0▼ $12,072
Cash and Non-Interest-Bearing Accounts$5,168$2,656▼ $2,512
Accounts Receivable$5,675$1,683▼ $3,992
Total Assets$1,275,505$1,170,334▼ $105,171
Liabilities
Mortgage Notes Payable Secured by Investment Property$542,928$508,568▼ $34,360
Other Liabilities$9,570$12,550▲ $2,980
Accounts Payable and Accrued Expenses$12,752$11,634▼ $1,118
Total Liabilities$565,250$532,752▼ $32,498
Net Assets / Fund Balance
Unrestricted Net Assets$710,255$637,582▼ $72,673
Total Net Assets Fund Balance$710,255$637,582▼ $72,673
Total Liabilities and Net Assets / Fund Balance$1,275,505$1,170,334▼ $105,171

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$965,631$1,574,793-
Land$41,990--
Equipment$35,680$348,048-
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleBaseTotal
Dan ReinkeSecretary$1,200$1,200
Mark LubbehausenPresident$1,200$1,200
Lucille LubbehausenTreasurer$600$600

Board Members and Trustees

NameTitle
Paul FullerVice President
Jamie WatkinsDirector
Mike ToyDirector
Rebecca PutlerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$215,187
Investment Income
$1,787
Other Revenue
$6,858
Change in Net Assets
$-72,673

Audited Revenue Reconciliation

Revenue per Audited Statements
$223,832
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$223,832
Total Revenue per Form 990
$223,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,543
Salaries, Compensation, and Employee Benefits$32,962
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$118,025--$118,025
Depreciation Depletion$88,085--$88,085
Fees for Services Management$21,660$11,663-$33,323
Other Salaries and Wages$23,183$2,731-$25,914
Office Expenses$7,349$2,933-$10,282
Fees for Services Accounting-$7,027-$7,027
Interest$5,250--$5,250
Payroll Taxes$3,621$427-$4,048
Current Officers, Directors, Trustees, and Key Employees$1,950$1,050-$3,000
Advertising$789--$789
Travel$762--$762
Total Functional Expenses$270,674$25,831$0$296,505

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$296,505
Total Expenses per Audited Statements$296,505
Total Expenses per Form 990$296,505
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Liability$12,550
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Mark lubbehausen is the son of lucille lubbehausen (family relationship).”

Form 990, Part VI, Section A, Line 3

“The organization has delegated control over management duties to valenti real estate services, inc., the management agent of the project.”

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

“The form 990 is reviewed by the management agent of the project and the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Dale Community Apartments
EIN
35-1283171
Phone
8129372255
Address
PO BOX 40, DALE, IN 47523

Signing Officer

Name
Mark Lubbehausen
Title
President
Phone
3172730312
Signed
2017-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Lubbehausen
Formed
1978
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
K B Parrish & Co Llp
Address
6840 EAGLE HIGHLANDS WAY, INDIANAPOLIS, IN 46254
Preparer
Rebekah Payne CPA
Phone
3173475200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The management agent of the organization, in conjunction with the board of directors, assumes responsibility for overseeing the audit of its financial statements and selection of an independent accountant.”

FORM 990, PART I, LINE 5:

“Dale community apartments has no employees. Dale community apartments reimburses valenti real estate services, inc. (management agent) whose employees provide services to the organization.”

Financial Statement Notes

PART X, LINE 2:

“The corporation has evaluated tax positions taken in the tax returns filed and has determined that there are no uncertain tax positions as defined by generally accepted accounting standards. Under a three-year statute of limitations, the corporation remains subject to examination by the internal revenue service for the years ended december 31, 2013 through december 31, 2015.”

Raw XML Appendix366 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS EVALUATED TAX POSITIONS TAKEN IN THE TAX RETURNS FILED AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS DEFINED BY GENERALLY ACCEPTED ACCOUNTING STANDARDS. UNDER A THREE-YEAR STATUTE OF LIMITATIONS, THE CORPORATION REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE YEARS ENDED DECEMBER 31, 2013 THROUGH DECEMBER 31, 2015.
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MARK LUBBEHAUSEN IS THE SON OF LUCILLE LUBBEHAUSEN (FAMILY RELATIONSHIP).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS DELEGATED CONTROL OVER MANAGEMENT DUTIES TO VALENTI REAL ESTATE SERVICES, INC., THE MANAGEMENT AGENT OF THE PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE MANAGEMENT AGENT OF THE PROJECT AND THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGEMENT AGENT OF THE ORGANIZATION, IN CONJUNCTION WITH THE BOARD OF DIRECTORS, ASSUMES RESPONSIBILITY FOR OVERSEEING THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DALE COMMUNITY APARTMENTS HAS NO EMPLOYEES. DALE COMMUNITY APARTMENTS REIMBURSES VALENTI REAL ESTATE SERVICES, INC. (MANAGEMENT AGENT) WHOSE EMPLOYEES PROVIDE SERVICES TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART I, LINE 5:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt01170334
IRS990/TotalAssetsGrp/BOYAmt01275505
IRS990/TotalAssetsGrp/EOYAmt01170334
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025831
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0270674
IRS990/TotalFunctionalExpensesGrp/TotalAmt0296505
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0565250
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IRS990/TotalLiabilitiesGrp/BOYAmt0565250
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0710255
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0270674
IRS990/TotalProgramServiceRevenueAmt0215187
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IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0223832
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01170334
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/USAddress/CityNm0DALE
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047523
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK LUBBEHAUSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03172730312
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DALE COMMUNITY APARTMENTS
ReturnHeader/Filer/BusinessNameControlTxt0DALE
ReturnHeader/Filer/EIN0351283171
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ReturnHeader/Filer/USAddress/CityNm0DALE
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.195.153.245
ReturnHeader/FilingSecurityInformation/IPDt02017-02-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:28:59
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0350905983
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0K B PARRISH & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06840 EAGLE HIGHLANDS WAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046254
ReturnHeader/PreparerPersonGrp/PhoneNum03173475200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0REBEKAH PAYNE CPA
ReturnHeader/ReturnTs02017-03-06T15:02:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,170,334
Liabilities
$532,752
Net assets
$637,582
Revenue
$223,832
Expenses
$296,505
Net income
-$72,673
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.69$1.22$0.47$0.33$0.35$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.84$0.34$0.49$0.30$0.33$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.88$0.36$0.52$0.28$0.29$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.92$0.39$0.53$0.26$0.29$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.99$0.43$0.57$0.26$0.29$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.05$0.46$0.59$0.25$0.28$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.12$0.50$0.62$0.24$0.26$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.17$0.53$0.64$0.22$0.30$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.28$0.57$0.71$0.59$0.25$0.35