Civic Intelligence

Winona Arms Inc.

990 • Fiscal year 2015 • EIN 36-3314934

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 30, 2015

2507 Lake PlaceMinneapolis, MN 55405

(612) 377-0549

Siviq Scores

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

Liabilities / Assets

90th percentile

0.97x

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

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

Liabilities / Revenue

95th percentile

5.02x

Higher debt load relative to revenue than 95% of similar nonprofits.

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

Net Margin

73rd percentile

14%

Higher net margin than 73% 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

89th percentile

39%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Assets

Up

$2,350,799

Up $1,141,627 (+94%) from 2013

Net Assets

Up

$67,788

Up $102,742 (+294%) from 2013

Liabilities

Up

$2,283,011

Up $1,038,885 (+84%) from 2013

Revenue

$455,169

No earlier filing loaded for comparison.

Expenses

Down

$391,234

Down $40 (-0.0%) from 2013

Net Income

$63,935

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,248,664Liabilities 2010: $1,477,131Net Assets 2010: -$228,4672010Assets 2011: $1,206,932Liabilities 2011: $1,424,830Net Assets 2011: -$217,8982011Assets 2012: $1,219,575Liabilities 2012: $1,292,643Net Assets 2012: -$73,0682012Assets 2013: $1,209,172Liabilities 2013: $1,244,126Net Assets 2013: -$34,9542013Assets 2015: $2,350,799Liabilities 2015: $2,283,011Net Assets 2015: $67,7882015Assets 2016: $2,376,519Liabilities 2016: $2,286,230Net Assets 2016: $90,2892016Assets 2017: $2,143,196Liabilities 2017: $2,055,467Net Assets 2017: $87,7292017Assets 2018: $2,165,800Liabilities 2018: $2,083,361Net Assets 2018: $82,4392018Assets 2019: $2,128,379Liabilities 2019: $2,050,579Net Assets 2019: $77,8002019Assets 2020: $1,906,279Liabilities 2020: $1,889,648Net Assets 2020: $16,6312020Assets 2021: $1,919,386Liabilities 2021: $1,858,768Net Assets 2021: $60,6182021Assets 2022: $1,855,057Liabilities 2022: $1,807,827Net Assets 2022: $47,2302022Assets 2023: $1,722,769Liabilities 2023: $1,750,235Net Assets 2023: -$27,4662023Assets 2024: $1,693,560Liabilities 2024: $1,698,655Net Assets 2024: -$5,0952024Assets 2025: $1,636,053Liabilities 2025: $1,648,358Net Assets 2025: -$12,3052025

Highlighted filing

2015

Assets$2,350,799
Liabilities$2,283,011
Net Assets$67,788

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $423,062Expenses 2010: $400,076Net Income 2010: $22,9862010Expenses 2011: $417,0432011Expenses 2012: $382,7472012Expenses 2013: $391,2742013Revenue 2015: $455,169Expenses 2015: $391,234Net Income 2015: $63,9352015Revenue 2016: $457,250Expenses 2016: $434,749Net Income 2016: $22,5012016Revenue 2017: $460,493Expenses 2017: $463,053Net Income 2017: -$2,5602017Revenue 2018: $471,421Expenses 2018: $476,711Net Income 2018: -$5,2902018Revenue 2019: $477,420Expenses 2019: $482,059Net Income 2019: -$4,6392019Revenue 2020: $486,764Expenses 2020: $547,933Net Income 2020: -$61,1692020Revenue 2021: $518,770Expenses 2021: $474,783Net Income 2021: $43,9872021Revenue 2022: $507,270Expenses 2022: $520,658Net Income 2022: -$13,3882022Revenue 2023: $498,084Expenses 2023: $572,780Net Income 2023: -$74,6962023Revenue 2024: $526,373Expenses 2024: $504,002Net Income 2024: $22,3712024Revenue 2025: $557,809Expenses 2025: $565,019Net Income 2025: -$7,2102025

Highlighted filing

2015

Revenue$455,169
Expenses$391,234
Net Income$63,935
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 30, 2015
Return Version
2014v5.0
Gross Receipts
$455,169
Mission and Program Overview

Mission

Affordable housing for lower income senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,054,194$1,245,165▲ $190,971
Savings and Temporary Cash Investments$142,503$948,948▲ $806,445
Intangible Assets-$130,365-
Prepaid Expenses and Deferred Charges$14,802$24,590▲ $9,788
Accounts Receivable$400$1,731▲ $1,331
Total Assets$1,211,899$2,350,799▲ $1,138,900
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,175,015$2,158,059▲ $983,044
Other Liabilities$13,161$114,402▲ $101,241
Accounts Payable and Accrued Expenses$19,865$10,057▼ $9,808
Deferred Revenue$5$493▲ $488
Total Liabilities$1,208,046$2,283,011▲ $1,074,965
Net Assets / Fund Balance
Unrestricted Net Assets$3,853$67,788▲ $63,935
Total Net Assets Fund Balance$3,853$67,788▲ $63,935
Total Liabilities and Net Assets / Fund Balance$1,211,899$2,350,799▲ $1,138,900

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,129,373$1,031,886$2,161,259
Land$104,559-$104,559
Equipment$11,233$92,314$103,547
Compensation and Service Providers

Board Members and Trustees

NameTitle
James KnightChair
Joseph HolmbergPresident
John MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$454,626
Investment Income
$543
Other Revenue
$0
Change in Net Assets
$63,935

Audited Revenue Reconciliation

Revenue per Audited Statements
$455,169
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$455,169
Total Revenue per Form 990
$455,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$391,234
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
Interest$99,394--$99,394
Depreciation Depletion$51,002--$51,002
Other Expenses$44,155--$44,155
Fees for Services Management$32,878--$32,878
All Other Expenses$13,983--$13,983
Fees for Services Accounting$7,250--$7,250
Total Functional Expenses$391,234$0$0$391,234

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$391,234
Total Expenses per Audited Statements$391,234
Total Expenses per Form 990$391,234
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Developer Fee$100,000
Tenant Security Deposits Payable$14,402
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 3

Control over management duties was delegated to premier housing management, llc.

Form 990, Part VI, Section B, Line 11

The organization does provide a copy of this form 990 to all members of its governing body before filing the form.

Form 990, Part VI, Section C, Line 19

Form 990 is available for public inspecton upon request.

Filing and Contact Details

Filer

Filer Name
Winona Arms Inc
EIN
36-3314934
Phone
6123770549
Address
2507 LAKE PLACE, MINNEAPOLIS, MN 55405

Signing Officer

Name
Joseph Holmberg
Title
President
Phone
6123770549
Signed
2015-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Holmberg
Formed
1984
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Mahoneyulbrichchristiansen & Russ Pa
Address
10 RIVER PARK PLAZA SUITE 800, SAINT PAUL, MN 55107
Preparer
Daniel J Flicek
Phone
6512276695
Supplemental Narrative

Additional Explanations

Part XII Line 2C

No changes from prior year.

Financial Statement Notes

PART X, LINE 2:

Federal and state tax authorities generally have the right to examine the current and prior three years returns. Winona arms, inc. Is not currently under examination by an taxing jurisdiction.

Raw XML Appendix400 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/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0455169
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE THE CURRENT AND PRIOR THREE YEARS RETURNS. WINONA ARMS, INC. IS NOT CURRENTLY UNDER EXAMINATION BY AN TAXING JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01245165
IRS990ScheduleD/TotalExpensesPerForm990Amt0391234
IRS990ScheduleD/TotalLiabilityAmt0114402
IRS990ScheduleD/TotalRevenuePerForm990Amt0455169
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0455169
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0391234
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONTROL OVER MANAGEMENT DUTIES WAS DELEGATED TO PREMIER HOUSING MANAGEMENT, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES PROVIDE A COPY OF THIS FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS AVAILABLE FOR PUBLIC INSPECTON UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGES FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0AFFORDABLE HOMES FOR ALL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AFFORDABLE HOMES FOR ALL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0273983571
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02507 LAKE PLACE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055405
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0100000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FEE EARNED PER DEVELOPMENT AGMT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0AFFORDABLE HOMES FOR ALL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0L
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01211899
IRS990/TotalAssetsEOYAmt02350799
IRS990/TotalAssetsGrp/BOYAmt01211899
IRS990/TotalAssetsGrp/EOYAmt02350799
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0391234
IRS990/TotalFunctionalExpensesGrp/TotalAmt0391234
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01208046
IRS990/TotalLiabilitiesEOYAmt02283011
IRS990/TotalLiabilitiesGrp/BOYAmt01208046
IRS990/TotalLiabilitiesGrp/EOYAmt02283011
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03853
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt067788
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0391234
IRS990/TotalProgramServiceRevenueAmt0454626
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0543
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0454626
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0455169
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01211899
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02350799
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03853
IRS990/UnrestrictedNetAssetsGrp/EOYAmt067788
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02507 LAKE PLACE
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055405
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH HOLMBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06123770549
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WINONA ARMS INC
ReturnHeader/Filer/BusinessNameControlTxt0WINO
ReturnHeader/Filer/EIN0363314934
ReturnHeader/Filer/PhoneNum06123770549
ReturnHeader/Filer/USAddress/AddressLine1Txt02507 LAKE PLACE
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055405
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411647057
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAHONEYULBRICHCHRISTIANSEN & RUSS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 RIVER PARK PLAZA SUITE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAINT PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055107
ReturnHeader/PreparerPersonGrp/PhoneNum06512276695
ReturnHeader/PreparerPersonGrp/PreparationDt02015-10-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL J FLICEK
ReturnHeader/ReturnTs02015-11-06T08:38:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$1.65$0.01$0.56$0.57$0.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$1.70$0.01$0.53$0.50$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$1.75$0.03$0.50$0.57$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$1.81$0.05$0.51$0.52$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$1.86$0.06$0.52$0.47$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$1.89$0.02$0.49$0.55$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.13$2.05$0.08$0.48$0.48$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.17$2.08$0.08$0.47$0.48$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.14$2.06$0.09$0.46$0.46$0.00
2016Detailed filing. Detailed filing data is available for this year.$2.38$2.29$0.09$0.46$0.43$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.35$2.28$0.07$0.46$0.39$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$1.24$0.03$0.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$1.29$0.07$0.38
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$1.42$0.22$0.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$1.48$0.23$0.42$0.40$0.02