Civic Intelligence

Area IV Development Inc.

990 • Fiscal year 2015 • EIN 35-2048630

Jan 01, 2015 to Dec 31, 2015 • Filed on Feb 25, 2016

Organization Profileareaivagency.org
660 North 36th StreetLafayette, IN 47905

(765) 447-7683

Siviq Scores

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

Liabilities / Assets

86th percentile

0.73x

Higher debt load relative to assets than 86% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

14.13x

Higher debt load relative to revenue than 98% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

96th percentile

74%

Higher net margin than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

93rd percentile

64%

Faster asset growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

29th percentile

-4.7%

Faster revenue growth than 29% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$2,613,851

Up $1,016,726 (+64%) from 2014

Net Assets

Up

$707,141

Up $301,366 (+74%) from 2014

Liabilities

Up

$1,906,710

Up $715,360 (+60%) from 2014

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin96th percentile

Revenue

Down

$134,972

Down $6,677 (-4.7%) from 2014

Expenses

Down

$35,431

Down $23,723 (-40%) from 2014

Net Income

Up

$99,541

Up $17,046 (+21%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$30M$20M$10M$0Assets 2010: $1,444,577Liabilities 2010: $1,285,089Net Assets 2010: $159,4882010Assets 2011: $1,486,936Liabilities 2011: $1,284,278Net Assets 2011: $202,6582011Assets 2012: $1,530,800Liabilities 2012: $1,269,491Net Assets 2012: $261,3092012Assets 2013: $1,560,970Liabilities 2013: $1,237,690Net Assets 2013: $323,2802013Assets 2014: $1,597,125Liabilities 2014: $1,191,350Net Assets 2014: $405,7752014Assets 2015: $2,613,851Liabilities 2015: $1,906,710Net Assets 2015: $707,1412015Assets 2016: $3,227,051Liabilities 2016: $1,701,587Net Assets 2016: $1,525,4642016Assets 2017: $3,053,043Liabilities 2017: $1,298,135Net Assets 2017: $1,754,9082017Assets 2018: $11,531,619Liabilities 2018: $2,977,010Net Assets 2018: $8,554,6092018Assets 2019: $22,201,679Liabilities 2019: $13,125,787Net Assets 2019: $9,075,8922019Assets 2020: $24,594,833Liabilities 2020: $13,443,143Net Assets 2020: $11,151,6902020Assets 2021: $23,497,239Liabilities 2021: $6,262,357Net Assets 2021: $17,234,8822021Assets 2022: $22,305,697Liabilities 2022: $5,908,406Net Assets 2022: $16,397,2912022Assets 2023: $21,329,911Liabilities 2023: $5,854,581Net Assets 2023: $15,475,3302023Assets 2024: $27,401,443Liabilities 2024: $11,631,299Net Assets 2024: $15,770,1442024

Highlighted filing

2015

Assets$2,613,851
Liabilities$1,906,710
Net Assets$707,141
Open 2015 Filing

Operations Trend

Revenue Growth29th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $171,1982010Expenses 2011: $196,9542011Expenses 2012: $172,3802012Revenue 2013: $140,354Expenses 2013: $78,383Net Income 2013: $61,9712013Revenue 2014: $141,649Expenses 2014: $59,154Net Income 2014: $82,4952014Revenue 2015: $134,972Expenses 2015: $35,431Net Income 2015: $99,5412015Revenue 2016: $814,416Expenses 2016: $41,093Net Income 2016: $773,3232016Revenue 2017: $278,719Expenses 2017: $49,275Net Income 2017: $229,4442017Revenue 2018: $630,145Expenses 2018: $1,244,031Net Income 2018: -$613,8862018Revenue 2019: $831,242Expenses 2019: $1,202,010Net Income 2019: -$370,7682019Revenue 2020: $1,125,713Expenses 2020: $2,084,761Net Income 2020: -$959,0482020Revenue 2021: $1,868,060Expenses 2021: $2,503,636Net Income 2021: -$635,5762021Revenue 2022: $1,143,459Expenses 2022: $2,105,219Net Income 2022: -$961,7602022Revenue 2023: $1,230,068Expenses 2023: $2,134,471Net Income 2023: -$904,4032023Revenue 2024: $1,579,867Expenses 2024: $2,331,089Net Income 2024: -$751,2222024

Highlighted filing

2015

Revenue$134,972
Expenses$35,431
Net Income$99,541
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 25, 2016
Return Version
2015v2.1
Gross Receipts
$134,972
Mission and Program Overview

Mission

Provide community economic development and affordable housing

Provide community economic development and affordable housing projects that benefit low and moderate- income persons, olders adults, physically and mentally disabled persons, homeless persons, and special needs populations in mid-NW Indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,199,567$1,914,197▲ $714,630
Cash and Non-Interest-Bearing Accounts$59,570$94,116▲ $34,546
Pledges and Grants Receivable$2,542$2,383▼ $159
Total Assets$1,597,125$2,613,851▲ $1,016,726
Other Assets Total$335,446$603,155▲ $267,709
Liabilities
Deferred Revenue$1,190,331$1,906,331▲ $716,000
Accounts Payable and Accrued Expenses$1,019$379▼ $640
Total Liabilities$1,191,350$1,906,710▲ $715,360
Net Assets / Fund Balance
Unrestricted Net Assets$405,775$707,141▲ $301,366
Total Net Assets Fund Balance$405,775$707,141▲ $301,366
Total Liabilities and Net Assets / Fund Balance$1,597,125$2,613,851▲ $1,016,726

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,500--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Elva JamesPresident
David LahrVice President
Julie HackerdDeputy Director Resources & Operations
Richard BlankDeputy Director Resources & Operations
Ann BrownDirector
Ann HuntDirector
Ann PainterDirector
Dawn LaytonDirector
Eric RossDirector
Gale SpryDirector
Gayle GuthridgeDirector
John HeimlichDirector
Ettola ArmstrongSecretary
David RosenthalTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$31,210
Program Service Revenue
$103,762
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,500
Change in Net Assets
$99,541

Audited Revenue Reconciliation

Revenue per Audited Statements
$134,972
Total Revenue per Audited Statements
$134,972
Total Revenue per Form 990
$134,972
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$35,431
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
Fees for Services Management$12,032$815$0$12,847
Fees for Services Accounting$0$11,200$0$11,200
Other Expenses$760$1,052$0$1,812
Occupancy$0$1,584$0$1,584
Office Expenses$0$905$0$905
Fees for Services Legal$0$400$0$400
Fees for Services Other$0$191$0$191
Travel$0$126$0$126
Insurance$0$86$0$86
Total Functional Expenses$19,072$16,359$0$35,431

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$35,431
Total Expenses per Audited Statements$35,431
Total Expenses per Form 990$35,431
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
Governance and Compliance

Governance Checklist

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

Filer

Filer Name
Area IV Development Inc
EIN
35-2048630
Phone
7654477683
Address
660 North 36th Street, Lafayette, IN 47905

Signing Officer

Name
Elva a James
Title
President
Phone
7654477683
Signed
2016-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elva a James
Formed
1998
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
CULLAR & ASSOCIATES PC CPA'S
Address
218 W WASHINGTON ST SUITE 300, SOUTH BEND, IN 46601
Preparer
Richard J Cullar CPA
Phone
5742888320
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“A complete copy of Form 990 is provided to all Board members for review, comment, and questions before it is approved and then signed and filed by the President.”

Pt VI, Line 12C

“All members of the Board of Directors review and sign the conflict of interest policy annually and make note of any conflicts on that form.”

Pt VI, Line 15A

“There is no compensation paid to any employee; consequently the question is not applicable.”

Pt VI, Line 15B

“There is no compensation paid to any employee; consequently the question is not applicable.”

Pt VI, Line 19

“The Organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Pt XI

“Line 8, prior period adjustment of $201,825, represents the correction of an error made in prior years in not recording a mortgage note receivable from a low-income housing project for which the Organization was the sponsor, along with the related accrued interest and refundable advance liability. The net effect of $201,825 is the amount of interest accrued on the note in prior years.”

Financial Statement Notes

Pt X, Line 2

“The Organization recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Examples of tax positions include the tax-exempt status of the Organization and positions related to the potential sources of unrelated business taxable income. Management has not identified any uncertain tax positions taken or expected to be taken in a tax return, and there are no unrecognized tax benefits recorded as liabilities in the accompanying financial statements. The Organization classifies interest and penalties, if any, associated with uncertain tax positions as a component of income tax expense. There was no accrued interest or any penalties related to unrecognized tax benefits at either December 31, 2015 or 2014, or any interest or penalties expense related to unrecognized tax benefits for the years then ended. The Organization is no longer subject to examination by the Internal Revenue Service or the State of Indiana for years prior to 2012.”

Raw XML AppendixShowing 400 of 516 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01019
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0379
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide community economic development and affordable housing projects that benefit low and moderate- income persons, olders adults, physically and mentally disabled persons, homeless persons, and special needs populations in mid-NW Indiana.
IRS990/AllOtherContributionsAmt02500
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0JULIE HACKERD
IRS990/BooksInCareOfDetail/PhoneNum07654477683
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0660 North 36th Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Lafayette
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd047905
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt059570
IRS990/CashNonInterestBearingGrp/EOYAmt094116
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt031210
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt035431
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0103762
IRS990/CYRevenuesLessExpensesAmt099541
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt035431
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0134972
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt01190331
IRS990/DeferredRevenueGrp/EOYAmt01906331
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0HOUSING - IN 2015 THE ORGANIZATION COMPLETED THE DEVELOPMENT OF A NEW LOW-INCOME HOUSING PROJECT IN THE COMMUNITY; SERVICED FIVE MORTGAGE LOANS TO LOW-INCOME FAMILIES UNDER THE OWNER OCCUPIED REHABILITATION (OOR)PROGRAM; AND MONITORED FOUR LOW-INCOME HOUSING PROJECTS FOR GRANT COMPLIANCE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt019072
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011200
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt011200
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0400
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt0400
IRS990/FeesForServicesManagementGrp/FundraisingAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0815
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt012032
IRS990/FeesForServicesManagementGrp/TotalAmt012847
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0191
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt0191
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0GALE SPRY
IRS990/Form990PartVIISectionAGrp/PersonNm1GAYLE GUTHRIDGE
IRS990/Form990PartVIISectionAGrp/PersonNm2ANN BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm3ANN HUNT
IRS990/Form990PartVIISectionAGrp/PersonNm4ERIC ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm5DAWN LAYTON
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN HEIMLICH
IRS990/Form990PartVIISectionAGrp/PersonNm7ANN PAINTER
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID LAHR
IRS990/Form990PartVIISectionAGrp/PersonNm9ETTOLA ARMSTRONG
IRS990/Form990PartVIISectionAGrp/PersonNm10DAVID ROSENTHAL
IRS990/Form990PartVIISectionAGrp/PersonNm11ELVA JAMES
IRS990/Form990PartVIISectionAGrp/PersonNm12RICHARD BLANK
IRS990/Form990PartVIISectionAGrp/PersonNm13JULIE HACKERD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11President
IRS990/Form990PartVIISectionAGrp/TitleTxt12Deputy Dir. Resources & Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt13Deputy Dir. Resources & Operations
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt028710
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0134972
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt086
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt086
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide community economic
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0405775
IRS990/NetAssetsOrFundBalancesEOYAmt0707141
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01584
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt01584
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0905
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt0905
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0335446
IRS990/OtherAssetsTotalGrp/EOYAmt0603155
IRS990/OtherExpensesGrp/Desc0Development expenses
IRS990/OtherExpensesGrp/Desc1Miscellaneous
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11052
IRS990/OtherExpensesGrp/ProgramServicesAmt06280
IRS990/OtherExpensesGrp/ProgramServicesAmt1760
IRS990/OtherExpensesGrp/TotalAmt06280
IRS990/OtherExpensesGrp/TotalAmt11812
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01199567
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01914197
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02542
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02383
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ELVA A JAMES
IRS990/PriorPeriodAdjustmentsAmt0201825
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522292
IRS990/ProgramServiceRevenueGrp/BusinessCd1522292
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0Amort. of mortgage discounts
IRS990/ProgramServiceRevenueGrp/Desc1Mortgage interest
IRS990/ProgramServiceRevenueGrp/Desc2Development fees
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01011
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt164384
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt238367
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt029026
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt046510
IRS990/PYOtherRevenueAmt042
IRS990/PYProgramServiceRevenueAmt0112581
IRS990/PYRevenuesLessExpensesAmt082495
IRS990/PYSalariesCompEmpBnftPaidAmt012644
IRS990/PYTotalExpensesAmt059154
IRS990/PYTotalRevenueAmt0141649
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt099541
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0103762
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt031210
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt029026
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt069292
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0171444
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0191192
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0492164
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0408386
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0492164
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt031210
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt029026
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt069292
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0171444
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0191192
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0492164
IRS990ScheduleA/TotalSupportAmt0492164
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt035431
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0601655
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Accrued interest receivable on low-income housing project mortgage loans receivable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deposits
IRS990ScheduleD/RevenueSubtotalAmt0134972
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Examples of tax positions include the tax-exempt status of the Organization and positions related to the potential sources of unrelated business taxable income. Management has not identified any uncertain tax positions taken or expected to be taken in a tax return, and there are no unrecognized tax benefits recorded as liabilities in the accompanying financial statements. The Organization classifies interest and penalties, if any, associated with uncertain tax positions as a component of income tax expense. There was no accrued interest or any penalties related to unrecognized tax benefits at either December 31, 2015 or 2014, or any interest or penalties expense related to unrecognized tax benefits for the years then ended. The Organization is no longer subject to examination by the Internal Revenue Service or the State of Indiana for years prior to 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0603155
IRS990ScheduleD/TotalExpensesPerForm990Amt035431
IRS990ScheduleD/TotalRevenuePerForm990Amt0134972
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0134972
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt035431
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A complete copy of Form 990 is provided to all Board members for review, comment, and questions before it is approved and then signed and filed by the President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All members of the Board of Directors review and sign the conflict of interest policy annually and make note of any conflicts on that form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There is no compensation paid to any employee; consequently the question is not applicable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There is no compensation paid to any employee; consequently the question is not applicable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Line 8, prior period adjustment of $201,825, represents the correction of an error made in prior years in not recording a mortgage note receivable from a low-income housing project for which the Organization was the sponsor, along with the related accrued interest and refundable advance liability. The net effect of $201,825 is the amount of interest accrued on the note in prior years.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XI
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0Area IV Development Inc
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0Canal Commons GP LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0465065360
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Real estate owner
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0660 North 36th Street
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Lafayette
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd047905
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt3NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0352064196
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1061644801
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2371488137
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN3205522140
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1IN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2IN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd3IN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct21.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct31.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Real estate owner
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1Real estate owner
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2Real estate owner
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3Real estate owner
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Housing IV Frankfort Place Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1Housing IV Madison Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2Housing IV Delphi Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3Water Tower Place IV Seniors Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0660 N 36th Street
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1660 N 36th Street
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt2660 N 36th Street
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt3660 N 36th Street

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,613,851
Liabilities
$1,906,710
Net assets
$707,141
Revenue
$134,972
Expenses
$35,431
Net income
$99,541
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.4$11.6$15.8$1.58$2.33$0.75
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.3$5.85$15.5$1.23$2.13$0.90
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.3$5.91$16.4$1.14$2.11$0.96
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$6.26$17.2$1.87$2.50$0.64
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.6$13.4$11.2$1.13$2.08$0.96
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.2$13.1$9.08$0.83$1.20$0.37
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$2.98$8.55$0.63$1.24$0.61
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$1.30$1.75$0.28$0.05$0.23
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$1.70$1.53$0.81$0.04$0.77
2015Detailed filing. Detailed filing data is available for this year.$2.61$1.91$0.71$0.13$0.04$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.60$1.19$0.41$0.14$0.06$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.56$1.24$0.32$0.14$0.08$0.06
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$1.27$0.26$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$1.28$0.20$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$1.29$0.16$0.17