Civic Intelligence

Aspen House Inc.

990 • Fiscal year 2014 • EIN 35-1925610

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 23, 2014

Organization ProfileN/A
720 N Marr Rd47201

(812) 314-3420

Siviq Scores

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

Liabilities / Assets

68th percentile

0.03x

Higher debt load relative to assets than 68% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

0.16x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

12th percentile

-29%

Higher net margin than 12% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

34th percentile

-5.4%

Faster asset growth than 34% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$165,085

Down $9,388 (-5.4%) from 2013

Net Assets

Down

$159,794

Down $9,501 (-5.6%) from 2013

Liabilities

Up

$5,291

Up $113 (+2.2%) from 2013

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin12th percentile

Revenue

$32,883

No earlier filing loaded for comparison.

Expenses

Up

$42,384

Up $4,513 (+12%) from 2013

Net Income

-$9,501

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$200K$150K$100K$50K$0Assets 2011: $184,076Liabilities 2011: $23,272Net Assets 2011: $160,8042011Assets 2012: $178,629Liabilities 2012: $4,802Net Assets 2012: $173,8272012Assets 2013: $174,473Liabilities 2013: $5,178Net Assets 2013: $169,2952013Assets 2014: $165,085Liabilities 2014: $5,291Net Assets 2014: $159,7942014Assets 2015: $159,715Liabilities 2015: $2,285Net Assets 2015: $157,4302015Assets 2016: $156,591Liabilities 2016: $4,883Net Assets 2016: $151,7082016Assets 2017: $154,862Liabilities 2017: $7,633Net Assets 2017: $147,2292017Assets 2018: $146,924Liabilities 2018: $5,483Net Assets 2018: $141,4412018Assets 2019: $144,566Liabilities 2019: $5,934Net Assets 2019: $138,6322019Assets 2020: $137,522Liabilities 2020: $7,560Net Assets 2020: $129,9622020Assets 2021: $136,088Liabilities 2021: $5,507Net Assets 2021: $130,5812021Assets 2022: $138,121Liabilities 2022: $14,082Net Assets 2022: $124,0392022Assets 2023: $119,208Liabilities 2023: $9,233Net Assets 2023: $109,9752023Assets 2024: $111,179Liabilities 2024: $9,175Net Assets 2024: $102,0042024

Highlighted filing

2014

Assets$165,085
Liabilities$5,291
Net Assets$159,794
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60K$40K$20K$0-$20KExpenses 2011: $44,3402011Expenses 2012: $34,7772012Expenses 2013: $37,8712013Revenue 2014: $32,883Expenses 2014: $42,384Net Income 2014: -$9,5012014Revenue 2015: $34,786Expenses 2015: $37,150Net Income 2015: -$2,3642015Revenue 2016: $33,293Expenses 2016: $39,015Net Income 2016: -$5,7222016Revenue 2017: $32,832Expenses 2017: $37,311Net Income 2017: -$4,4792017Revenue 2018: $30,129Expenses 2018: $35,917Net Income 2018: -$5,7882018Revenue 2019: $36,239Expenses 2019: $39,048Net Income 2019: -$2,8092019Revenue 2020: $33,989Expenses 2020: $42,659Net Income 2020: -$8,6702020Revenue 2021: $35,218Expenses 2021: $34,999Net Income 2021: $2192021Revenue 2022: $36,922Expenses 2022: $43,464Net Income 2022: -$6,5422022Revenue 2023: $35,863Expenses 2023: $49,927Net Income 2023: -$14,0642023Revenue 2024: $40,466Expenses 2024: $48,437Net Income 2024: -$7,9712024

Highlighted filing

2014

Revenue$32,883
Expenses$42,384
Net Income-$9,501
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 23, 2014
Return Version
2013v3.1
Gross Receipts
$32,883
Mission and Program Overview

Mission

Aspen house, inc. Was organized to construct, own and operate an 8 unit group home in north vernon, indiana, known as aspen house, pursuant to section 811 of the national affordable housing act, as amended. The corporation has entered into the standard fha regulatory agreements governing the operation of the project with the federal housing administration section of hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$157,157$150,015▼ $7,142
Savings and Temporary Cash Investments$11,760$12,176▲ $416
Cash and Non-Interest-Bearing Accounts$1,533$850▼ $683
Prepaid Expenses and Deferred Charges$497$517▲ $20
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$174,473$165,085▼ $9,388
Other Assets Total$3,526$1,527▼ $1,999
Liabilities
Accounts Payable and Accrued Expenses$4,090$3,764▼ $326
Other Liabilities$1,088$1,527▲ $439
Total Liabilities$5,178$5,291▲ $113
Net Assets / Fund Balance
Unrestricted Net Assets$169,295$159,794▼ $9,501
Total Net Assets Fund Balance$169,295$159,794▼ $9,501
Total Liabilities and Net Assets / Fund Balance$174,473$165,085▼ $9,388

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$126,061$134,416$260,477
Land$23,954-$23,954
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Shannon CastetterPresident
Gilbert PalmerVice President
Dave EmmertDirector
Steve PritchardDirector
John DaughertySecretary/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$15,840
Program Service Revenue
$17,018
Investment Income
$4
Other Revenue
$21
Change in Net Assets
$-9,501

Audited Revenue Reconciliation

Revenue per Audited Statements
$32,883
Total Revenue per Audited Statements
$32,883
Total Revenue per Form 990
$32,883
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$33,611
Salaries, Compensation, and Employee Benefits$8,773
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$16,171--$16,171
Depreciation Depletion$7,142--$7,142
Other Salaries and Wages-$6,715-$6,715
Fees for Services Management-$5,303-$5,303
Fees for Services Accounting-$3,400-$3,400
Other Employee Benefits$2,058--$2,058
Insurance$988--$988
Office Expenses$64$543-$607
Total Functional Expenses$26,423$15,961$0$42,384

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$42,384
Total Expenses per Audited Statements$42,384
Total Expenses per Form 990$42,384
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$1,527
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“Aspen house, inc. Is managed by hayes-gibson international, inc. , a professional property management company. It is a hud approved management agent.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“The board of directors shall be approved by the board of directors of the sponsor organization, centerstone of indiana, inc. And will include (at a minimum) each member of the executive committee of the board of directors of centerstone of indiana, inc.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“By-laws of the corporation may be adopted by the directors, which are approved by the sponsor organization, centerstone of indiana, inc., at any regular meeting or any special meeting called for that purpose.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The auditing firm sends a draft of the return to the management company. The management company forwards a copy of the return to each board member for their comments prior to its filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization's sponsor has a corporate compliance coordinator. All potential conflicts of interest or suspected fraud or abuse may be either reported to the compliance coordinator, or to an external agency, such as the state attorney general or the inspector general. There is a no retaliation clause in the policies whether the violations/conflicts are reported internally or externally. The corporate compliance manual is located on the organization's intranet for viewing on a regular basis.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The form 990 and all related financial and policy information are made available to the public upon written request.”

Filing and Contact Details

Filer

EIN
35-1925610
Phone
8123143420

Signing Officer

Name
Shannon Castetter
Title
President
Signed
2014-12-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Castetter
Formed
1994
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Preparer
Xiaolin Shi CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The entity adopted the standard for Accounting for Uncertainty in Income Taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded.”

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