Civic Intelligence

Forest Acres Inc.

990 • Fiscal year 2018 • EIN 36-3671316

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 12, 2019

PO Box 1438Sioux City, IA 51102

(712) 258-4511

Siviq Scores

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

Liabilities / Assets

96th percentile

1.70x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

2.76x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

74th percentile

18%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

53rd percentile

3.0%

Faster asset growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2018

Revenue Growth

68th percentile

15%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2018

Assets

Up

$415,927

Up $35,740 (+9.4%) from 2017

Net Assets

Up

-$292,194

Up $45,918 (+14%) from 2017

Liabilities

Down

$708,121

Down $10,178 (-1.4%) from 2017

Revenue

Up

$256,510

Up $52,639 (+26%) from 2017

Expenses

Up

$210,592

Up $14,371 (+7.3%) from 2017

Net Income

Up

$45,918

Up $38,268 (+500%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2014: $424,280Liabilities 2014: $765,499Net Assets 2014: -$341,2192014Assets 2015: $414,319Liabilities 2015: $755,649Net Assets 2015: -$341,3302015Assets 2016: $392,101Liabilities 2016: $737,863Net Assets 2016: -$345,7622016Assets 2017: $380,187Liabilities 2017: $718,299Net Assets 2017: -$338,1122017Assets 2018: $415,927Liabilities 2018: $708,121Net Assets 2018: -$292,1942018Assets 2019: $400,850Liabilities 2019: $692,675Net Assets 2019: -$291,8252019Assets 2020: $383,035Liabilities 2020: $672,779Net Assets 2020: -$289,7442020Assets 2021: $349,101Liabilities 2021: $655,092Net Assets 2021: -$305,9912021Assets 2022: $325,079Liabilities 2022: $638,205Net Assets 2022: -$313,1262022Assets 2023: $285,650Liabilities 2023: $600,897Net Assets 2023: -$315,2472023Assets 2024: $242,847Liabilities 2024: $652,856Net Assets 2024: -$410,0092024

Highlighted filing

2018

Assets$415,927
Liabilities$708,121
Net Assets-$292,194

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2014: $192,445Expenses 2014: $182,461Net Income 2014: $9,9842014Revenue 2015: $195,822Expenses 2015: $195,933Net Income 2015: -$1112015Revenue 2016: $195,204Expenses 2016: $199,636Net Income 2016: -$4,4322016Revenue 2017: $203,871Expenses 2017: $196,221Net Income 2017: $7,6502017Revenue 2018: $256,510Expenses 2018: $210,592Net Income 2018: $45,9182018Revenue 2019: $210,281Expenses 2019: $209,912Net Income 2019: $3692019Revenue 2020: $209,758Expenses 2020: $207,677Net Income 2020: $2,0812020Revenue 2021: $213,767Expenses 2021: $230,014Net Income 2021: -$16,2472021Revenue 2022: $218,498Expenses 2022: $225,633Net Income 2022: -$7,1352022Revenue 2023: $211,203Expenses 2023: $213,324Net Income 2023: -$2,1212023Revenue 2024: $199,000Expenses 2024: $293,762Net Income 2024: -$94,7622024

Highlighted filing

2018

Revenue$256,510
Expenses$210,592
Net Income$45,918
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 12, 2019
Return Version
2017v2.3
Gross Receipts
$256,510
Mission and Program Overview

Mission

To provide housing for the physically and mentally disabled and elderly.

To provide housing to the physically and mentally disabled and the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$297,994$346,142▲ $48,148
Savings and Temporary Cash Investments$47,361$46,058▼ $1,303
Prepaid Expenses and Deferred Charges$13,505$12,243▼ $1,262
Cash and Non-Interest-Bearing Accounts$19,520$10,907▼ $8,613
Accounts Receivable$1,807$577▼ $1,230
Total Assets$380,187$415,927▲ $35,740
Liabilities
Mortgage Notes Payable Secured by Investment Property$631,637$611,979▼ $19,658
Other Liabilities$65,541$65,317▼ $224
Accounts Payable and Accrued Expenses$20,137$29,314▲ $9,177
Deferred Revenue$984$1,511▲ $527
Total Liabilities$718,299$708,121▼ $10,178
Net Assets / Fund Balance
Unrestricted Net Assets$-338,112$-292,194▲ $45,918
Total Net Assets Fund Balance$-338,112$-292,194▲ $45,918
Total Liabilities and Net Assets / Fund Balance$380,187$415,927▲ $35,740

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$323,583$481,532$805,115
Equipment$0$49,487$49,487
Land$22,559-$22,559
Compensation and Service Providers

Board Members and Trustees

NameTitle
Terry KeimeChairperson
Cindy SchubertVice Chairperson
Chuck CorbettDirector
Dale JansDirector
Dan PecautDirector
Ed ArshemDirector
Jan PoulsonDirector
Sandra RundeDirector
Scott EldridgeDirector
Steve KistnerDirector
Bruce OdsonSecretary/treasurer
John HantlaTop Management Official
Revenue and Support

Revenue Composition

Contributions and Grants
$122,451
Program Service Revenue
$78,880
Investment Income
$55,179
Other Revenue
$0
Change in Net Assets
$45,918

Audited Revenue Reconciliation

Revenue per Audited Statements
$256,510
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$256,510
Total Revenue per Form 990
$256,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$210,592
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
Occupancy$106,870--$106,870
Fees for Services Management$32,708--$32,708
Depreciation Depletion$21,718--$21,718
Office Expenses$8,076--$8,076
Fees for Services Accounting$7,280--$7,280
Travel$1,398--$1,398
Other Expenses$992--$992
Conferences and Meetings$740--$740
Advertising$602--$602
Total Functional Expenses$210,592$0$0$210,592

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$210,592
Total Expenses per Audited Statements$210,592
Total Expenses per Form 990$210,592
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
Advance From Sponsor$60,298
Tenant Security Deposits$5,019
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

Forest acres has an agreement with a management agent for the management of its apartment complex. The management agent's duties under the management agreement include administration and maintenance of the project.

Form 990, Part VI, Section B, Line 11B

The chief financial officer and chief administrative officer for goodwill of the great plains, the sponsor, review the form 990 before it is filed.

Form 990, Part VI, Section C, Line 19

Forest acres makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Forest Acres Inc
EIN
36-3671316
Phone
7122584511
Address
PO BOX 1438, SIOUX CITY, IA 51102

Signing Officer

Name
John Hantla
Title
President, Goodwill - Great Plains
Phone
7122584511
Signed
2019-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Hantla
Formed
1987
Legal Domicile
Ne
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
King Reinsch Prosser & Co Llp
Address
522 4TH STREET SUITE 200, SIOUX CITY, IA 51101
Preparer
Rebecca George
Phone
7122585550
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Raw XML AppendixShowing 400 of 514 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0122451
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0122667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0117656
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0125475
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0130927
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0619176
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0229
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0157
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0128
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0148
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt092
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0754
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0368088
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99880
IRS990ScheduleA/PublicSupportPY170Pct00.99900
IRS990ScheduleA/PublicSupportTotal170Amt0619176
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0122451
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0122667
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0117656
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0125475
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0130927
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0619176
IRS990ScheduleA/TotalSupportAmt0619930
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0323583
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0481532
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0805115
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049487
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt049487
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0210592
IRS990ScheduleD/LandGrp/BookValueAmt022559
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt022559
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05019
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160298
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ADVANCE FROM SPONSOR
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0256510
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0346142
IRS990ScheduleD/TotalExpensesPerForm990Amt0210592
IRS990ScheduleD/TotalLiabilityAmt065317
IRS990ScheduleD/TotalRevenuePerForm990Amt0256510
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0256510
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0210592
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0183060
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt010315
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt016977
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN HANTLA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TOP MANAGEMENT OFFICIAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0210352
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FOREST ACRES HAS AN AGREEMENT WITH A MANAGEMENT AGENT FOR THE MANAGEMENT OF ITS APARTMENT COMPLEX. THE MANAGEMENT AGENT'S DUTIES UNDER THE MANAGEMENT AGREEMENT INCLUDE ADMINISTRATION AND MAINTENANCE OF THE PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHIEF FINANCIAL OFFICER AND CHIEF ADMINISTRATIVE OFFICER FOR GOODWILL OF THE GREAT PLAINS, THE SPONSOR, REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FOREST ACRES MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0GOODWILL OF THE GREAT PLAINS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1GOODWILL OF THE GREAT PLAINS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2GOODWILL OF THE GREAT PLAINS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GOODWILL OF THE GREAT PLAINS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1PHEASANT ACRES APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2PRAIRIE HAVEN INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3INDEPENDENCE VILLAGE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0420727509
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1421110664
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2470809171
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3421250096
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0BUILDING INDEPENDENCE, QUALITY OF LIFE, AND WORK OPPORTUNITIES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO OPERATE A HUD FINANCED APARTMENT COMPLEX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2TO OPERATE A HUD FINANCED APARTMENT COMPLEX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3TO OPERATE A HUD FINANCED APARTMENT COMPLEX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 1438
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1PO BOX 1438
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2PO BOX 1438

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