Civic Intelligence

Dale Community Apartments Inc

990 • Fiscal year 2020 • EIN 35-1283171

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 30, 2021

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

84th percentile

0.42x

Higher debt load relative to assets than 84% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

1.51x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Asset Growth

16th percentile

-7.4%

Faster asset growth than 16% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

-0.6%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$920,548

Down $74,038 (-7.4%) from 2019

Net Assets

Down

$530,413

Down $35,103 (-6.2%) from 2019

Liabilities

Down

$390,135

Down $38,935 (-9.1%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin19th percentile

Revenue

Down

$258,131

Down $1,502 (-0.6%) from 2019

Expenses

Up

$293,234

Up $7,870 (+2.8%) from 2019

Net Income

Down

-$35,103

Down $9,372 (-36%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth16th 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

2020

Assets$920,548
Liabilities$390,135
Net Assets$530,413
Open 2020 Filing

Operations Trend

Revenue Growth51st 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

2020

Revenue$258,131
Expenses$293,234
Net Income-$35,103
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 30, 2021
Return Version
2020v4.1
Gross Receipts
$258,131
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$844,767$785,303▼ $59,464
Savings and Temporary Cash Investments$127,217$106,894▼ $20,323
Prepaid Expenses and Deferred Charges$12,056$12,056→ $0
Cash and Non-Interest-Bearing Accounts$3,801$9,201▲ $5,400
Accounts Receivable$6,745$7,094▲ $349
Total Assets$994,586$920,548▼ $74,038
Liabilities
Mortgage Notes Payable Secured by Investment Property$403,385$367,568▼ $35,817
Other Liabilities$17,251$17,750▲ $499
Accounts Payable and Accrued Expenses$8,434$4,817▼ $3,617
Total Liabilities$429,070$390,135▼ $38,935
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$565,516$530,413▼ $35,103
Total Net Assets Fund Balance$565,516$530,413▼ $35,103
Total Liabilities and Net Assets / Fund Balance$994,586$920,548▼ $74,038

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$743,313$1,797,111-
Land$41,990--
Equipment$0$383,728-
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
Mark LubbehusenPresident
Robert SuhrheinrichVice President
Jamie WatkinsDirector
Mike ToyDirector
Paul FullerDirector
Dan ReinkeSecretary
Becky PulterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$239,970
Investment Income
$1,231
Other Revenue
$16,930
Change in Net Assets
$-35,103
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$251,861
Salaries, Compensation, and Employee Benefits$41,373
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$118,559--$118,559
Depreciation Depletion$59,463--$59,463
Fees for Services Management$26,115$14,061-$40,176
Other Salaries and Wages$29,180$4,012-$33,192
Insurance$21,256--$21,256
Office Expenses$5,478$515-$5,993
Payroll Taxes$4,312$594-$4,906
Interest$3,842--$3,842
Current Officers, Directors, Trustees, and Key Employees$2,129$1,146-$3,275
Fees for Services Accounting-$2,361-$2,361
Other Expenses$150--$150
Advertising$61--$61
Total Functional Expenses$270,545$22,689$0$293,234
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$17,750
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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

“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
2021-03-30
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
Mcm Cpas & Advisors Llp
Address
9229 DELEGATES ROW SUITE 250, INDIANAPOLIS, IN 46240
Preparer
Rebekah Payne CPA
Phone
3173475200
Supplemental Narrative

Additional Explanations

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.”

Raw XML Appendix351 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DALE 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/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/FormAndLineReferenceDesc0FORM 990, PART I, LINE 5:
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
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022689
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0270545
IRS990/TotalFunctionalExpensesGrp/TotalAmt0293234
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0429070
IRS990/TotalLiabilitiesEOYAmt0390135
IRS990/TotalLiabilitiesGrp/BOYAmt0429070
IRS990/TotalLiabilitiesGrp/EOYAmt0390135
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0530413
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0270545
IRS990/TotalProgramServiceRevenueAmt0239970
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0258131
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0258131
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0994586
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0920548
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047523
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK LUBBEHAUSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03172730312
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DALE COMMUNITY APARTMENTS
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ReturnHeader/Filer/EIN0351283171
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCM CPAS & ADVISORS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09229 DELEGATES ROW SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046240
ReturnHeader/PreparerPersonGrp/PhoneNum03173475200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0REBEKAH PAYNE CPA
ReturnHeader/ReturnTs02021-04-19T10:43:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LUBBEHAUSEN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$920,548
Liabilities
$390,135
Net assets
$530,413
Revenue
$258,131
Expenses
$293,234
Net income
-$35,103
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