Civic Intelligence

Flora Apartments Inc

EIN 35-1496962 • 501(c)3 • Flora, IN

Profile

To provide affordaable low income housing to the elderly and disabled residents of flora, indiana

115 North DivisionFlora, IN 46929

n/A

Siviq Scores

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

Liabilities / Assets

81st percentile

0.16x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

0.38x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

37th percentile

-4.4%

Higher net margin than 37% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$24,850

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

55th percentile

0.4%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

52nd percentile

0.4%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$443,699

Down $25,538 (-5.4%) from 2023

Liabilities

Down

$69,403

Down $17,683 (-20%) from 2023

Net Assets

Down

$374,296

Down $7,855 (-2.1%) from 2023

Revenue

Down

$180,278

Down $465 (-0.3%) from 2023

Expenses

Up

$188,128

Up $53,167 (+39%) from 2023

Net Income

Down

-$7,850

Down $53,632 (-117%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2015: $562,292Liabilities 2015: $237,311Net Assets 2015: $324,9812015Assets 2016: $531,249Liabilities 2016: $216,276Net Assets 2016: $314,9732016Assets 2017: $518,138Liabilities 2017: $198,384Net Assets 2017: $319,7542017Assets 2018: $505,705Liabilities 2018: $180,071Net Assets 2018: $325,6342018Assets 2019: $479,436Liabilities 2019: $161,047Net Assets 2019: $318,3892019Assets 2020: $468,443Liabilities 2020: $144,752Net Assets 2020: $323,6912020Assets 2021: $467,330Liabilities 2021: $124,375Net Assets 2021: $342,9552021Assets 2022: $440,207Liabilities 2022: $103,838Net Assets 2022: $336,3692022Assets 2023: $469,237Liabilities 2023: $87,086Net Assets 2023: $382,1512023Assets 2024: $443,699Liabilities 2024: $69,403Net Assets 2024: $374,2962024

Highlighted filing

2024

Assets$443,699
Liabilities$69,403
Net Assets$374,296

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2015: $162,336Expenses 2015: $163,606Net Income 2015: -$1,2702015Revenue 2016: $147,081Expenses 2016: $157,089Net Income 2016: -$10,0082016Revenue 2017: $159,296Expenses 2017: $154,515Net Income 2017: $4,7812017Revenue 2018: $163,313Expenses 2018: $157,433Net Income 2018: $5,8802018Revenue 2019: $156,902Expenses 2019: $164,147Net Income 2019: -$7,2452019Revenue 2020: $164,906Expenses 2020: $159,604Net Income 2020: $5,3022020Revenue 2021: $168,357Expenses 2021: $149,093Net Income 2021: $19,2642021Revenue 2022: $178,803Expenses 2022: $185,389Net Income 2022: -$6,5862022Revenue 2023: $180,743Expenses 2023: $134,961Net Income 2023: $45,7822023Revenue 2024: $180,278Expenses 2024: $188,128Net Income 2024: -$7,8502024

Highlighted filing

2024

Revenue$180,278
Expenses$188,128
Net Income-$7,850

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 15, 2025
Return Version
2024v5.0
Gross Receipts
$180,278
Mission and Program Overview

Mission

To provide affordaable low income housing to the elderly and disabled residents of flora, indiana

Program Services

DescriptionGrantsExpenses
TO PROVIDE AFFORDABLE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED RESIDENTS OF FLORA, INDIANA-$148,772
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LISA EIKENBERRYProperty ManPT$24,850-$24,850
BRET RINEHARTPresident-$0--
LONNIE SPESARDVice Preside-$0--
DALE ZINNTreasurer-$0--
JIM PAYNESecretary-$0--
JOHN AYRESBoard Memebe-$0--
MARY JO REDMONBoard Member-$0--
MICHELLE COXBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Flora Apartments Inc
EIN
35-1496962
Phone
5749673033
Address
115 NORTH DIVISION, FLORA, IN 46929

Signing Officer

Name
Bret Rinehart
Title
President
Phone
5749673033
Signed
2025-08-15
Discuss with paid preparer
Yes

Preparer

Firm
Humphrey CPA Group LLC
Address
5915 S EMERSON AVENUE SUITE 400, INDIANAPOLIS, IN 46237
Preparer
Rodney J Humphrey CPA
Phone
3174353447
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office supplies 1,698 interest paid 648 insurance 19,068 telephone 1,525 other administrative exp 1,149 non-investment depreciation 21,806 total 45,894

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 5,590 4,687 furnishings and equipment 59,734 59,734 less accumulated depreciation 48,524 51,575 total 16,800 12,846

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 2,000 745 deferred revenue 332 444 tenant security deposits 11,450 11,150 mortgage and other notes payable 73,309 57,064

Form 990-ez, Part III

To provide affordaable low income housing to the elderly and disabled residents of flora, indiana

Raw XML Appendix182 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMEBE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt012846
IRS990EZ/OtherExpensesTotalAmt045894
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE AFFORDAABLE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED RESIDENTS OF FLORA, INDIANA
IRS990EZ/ProgramServiceRevenueAmt0171908
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE SUPPLIES 1,698 INTEREST PAID 648 INSURANCE 19,068 TELEPHONE 1,525 OTHER ADMINISTRATIVE EXP 1,149 NON-INVESTMENT DEPRECIATION 21,806 TOTAL 45,894
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPAID EXPENSES AND DEFERRED CHARGES 5,590 4,687 FURNISHINGS AND EQUIPMENT 59,734 59,734 LESS ACCUMULATED DEPRECIATION 48,524 51,575 TOTAL 16,800 12,846
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,000 745 DEFERRED REVENUE 332 444 TENANT SECURITY DEPOSITS 11,450 11,150 MORTGAGE AND OTHER NOTES PAYABLE 73,309 57,064
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO PROVIDE AFFORDAABLE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED RESIDENTS OF FLORA, INDIANA
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRET RINEHART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05749673033
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLORA APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0FLOR
ReturnHeader/Filer/EIN0351496962
ReturnHeader/Filer/PhoneNum05749673033
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 NORTH DIVISION
ReturnHeader/Filer/USAddress/CityNm0FLORA
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HUMPHREY CPA GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05915 S EMERSON AVENUE SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046237
ReturnHeader/PreparerPersonGrp/PhoneNum03174353447
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RODNEY J HUMPHREY CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-08-20T22:33:21-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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