Civic Intelligence

Prairie Haven Homes Ltd.

990 • Fiscal year 2018 • EIN 36-4081107

Apr 01, 2017 to Mar 31, 2018 • Filed on Aug 27, 2018

Organization ProfileN/A
C/O Umc 8201 W 183rd StreetTinley Park, IL 60487

(708) 444-4942

Siviq Scores

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

Liabilities / Assets

67th percentile

0.24x

Higher debt load relative to assets than 67% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

85th percentile

0.96x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

14th percentile

-18%

Higher net margin than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

23rd percentile

-5.3%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

-3.6%

Faster revenue growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$2,264,179

Down $126,543 (-5.3%) from 2017

Net Assets

Down

$1,718,693

Down $104,781 (-5.7%) from 2017

Liabilities

Down

$545,486

Down $21,762 (-3.8%) from 2017

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin14th percentile

Revenue

Down

$567,937

Down $21,331 (-3.6%) from 2017

Expenses

Up

$672,718

Up $34,855 (+5.5%) from 2017

Net Income

Down

-$104,781

Down $56,186 (-116%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2016: $2,447,456Liabilities 2016: $575,387Net Assets 2016: $1,872,0692016Assets 2017: $2,390,722Liabilities 2017: $567,248Net Assets 2017: $1,823,4742017Assets 2018: $2,264,179Liabilities 2018: $545,486Net Assets 2018: $1,718,6932018Assets 2019: $2,129,650Liabilities 2019: $549,505Net Assets 2019: $1,580,1452019Assets 2020: $2,085,688Liabilities 2020: $570,030Net Assets 2020: $1,515,6582020Assets 2021: $2,049,640Liabilities 2021: $664,340Net Assets 2021: $1,385,3002021Assets 2022: $1,871,821Liabilities 2022: $616,372Net Assets 2022: $1,255,4492022Assets 2023: $1,787,936Liabilities 2023: $668,540Net Assets 2023: $1,119,3962023Assets 2024: $1,742,642Liabilities 2024: $653,551Net Assets 2024: $1,089,0912024

Highlighted filing

2018

Assets$2,264,179
Liabilities$545,486
Net Assets$1,718,693
Open 2018 Filing

Operations Trend

Revenue Growth31st percentile

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

$1.0M$500K$0-$500KRevenue 2016: $581,631Expenses 2016: $628,971Net Income 2016: -$47,3402016Revenue 2017: $589,268Expenses 2017: $637,863Net Income 2017: -$48,5952017Revenue 2018: $567,937Expenses 2018: $672,718Net Income 2018: -$104,7812018Revenue 2019: $582,351Expenses 2019: $720,899Net Income 2019: -$138,5482019Revenue 2020: $585,317Expenses 2020: $649,804Net Income 2020: -$64,4872020Revenue 2021: $559,874Expenses 2021: $690,232Net Income 2021: -$130,3582021Revenue 2022: $542,229Expenses 2022: $672,080Net Income 2022: -$129,8512022Revenue 2023: $544,794Expenses 2023: $680,847Net Income 2023: -$136,0532023Revenue 2024: $552,311Expenses 2024: $582,616Net Income 2024: -$30,3052024

Highlighted filing

2018

Revenue$567,937
Expenses$672,718
Net Income-$104,781
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
Aug 27, 2018
Return Version
2017v2.2
Gross Receipts
$567,937
Mission and Program Overview

Mission

To provide low income housing for elderly and disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,108,509$2,033,635▼ $74,874
Savings and Temporary Cash Investments$176,645$124,959▼ $51,686
Cash and Non-Interest-Bearing Accounts$87,079$77,262▼ $9,817
Accounts Receivable$4,949$13,169▲ $8,220
Intangible Assets$8,747$8,434▼ $313
Prepaid Expenses and Deferred Charges$4,793$6,720▲ $1,927
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-
Inventories for Sale or Use-$0-
Total Assets$2,390,722$2,264,179▼ $126,543
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$456,700$455,500▼ $1,200
Other Liabilities$71,168$53,134▼ $18,034
Accounts Payable and Accrued Expenses$36,750$34,700▼ $2,050
Deferred Revenue$2,630$2,152▼ $478
Total Liabilities$567,248$545,486▼ $21,762
Net Assets / Fund Balance
Unrestricted Net Assets$1,823,474$1,718,693▼ $104,781
Total Net Assets Fund Balance$1,823,474$1,718,693▼ $104,781
Total Liabilities and Net Assets / Fund Balance$2,390,722$2,264,179▼ $126,543

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,844,588$1,566,657$3,411,245
Equipment$60,768$180,937$241,705
Land$124,755-$124,755
Other Land Buildings$3,524$8,166$11,690
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
John TaylorPresident
James IrwinVice President
Edward ShepherdDirector
Mamie PaceDirector
Antonio WatsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$567,823
Investment Income
$114
Other Revenue
$0
Change in Net Assets
$-104,781

Audited Revenue Reconciliation

Revenue per Audited Statements
$567,937
Total Revenue per Audited Statements
$567,937
Total Revenue per Form 990
$567,937
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$564,370
Salaries, Compensation, and Employee Benefits$108,348
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$151,694--$151,694
Other Salaries and Wages$75,289--$75,289
Office Expenses$35,916--$35,916
Other Expenses$30,481--$30,481
All Other Expenses$30,291--$30,291
Other Employee Benefits$27,115--$27,115
Insurance$25,196--$25,196
Fees for Services Management$19,044--$19,044
Fees for Services Accounting$11,918--$11,918
Payroll Taxes$5,944--$5,944
Interest$3,993--$3,993
Fees for Services Legal$3,010--$3,010
Total Functional Expenses$672,718$0$0$672,718

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$672,718
Total Expenses per Audited Statements$672,718
Total Expenses per Form 990$672,718
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
Capital Lease Obligation$46,400
Tenant Security Deposits$6,734
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

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

“Property management responsibilities of the apartment complex are assigned to a professional property management firm on a contract basis and that is approved by hud.”

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

“A draft of form 990 is provided to management for review prior to finalizing the return.”

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

“The board of directors examines the nature and effect of all possible conflicts of interest and takes appropriate action. To date, no conflicts have been reported.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The organization consistently reviews management and officer compensation packages against current market rates.”

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

“Documents are available upon request of the management company during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Prairie Haven Homes Ltd
EIN
36-4081107
Phone
7084444942
Address
C/O UMC 8201 W 183RD STREET, TINLEY PARK, IL 60487

Signing Officer

Name
John Taylor
Title
President
Signed
2018-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Taylor
Formed
2004
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Wieland & Company Inc Cpas
Address
201 HOUSTON STREET SUITE 301, BATAVIA, IL 60510
Preparer
Paul H Wieland
Phone
6304064490
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is tax exempt under Internal Revenue Code Section 501(c)(3) and is classified as a public charity and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more than likely than not, based on technical merits, that the position will be sustained upon examination. As of March 31, 2018, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

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IRS990/PYOtherExpensesAmt0556681
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IRS990/PYRevenuesLessExpensesAmt0-48595
IRS990/PYSalariesCompEmpBnftPaidAmt081182
IRS990/PYTotalExpensesAmt0637863
IRS990/PYTotalRevenueAmt0589268
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReconcilationRevenueExpnssAmt0-104781
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0567823
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0176645
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0124959
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0114
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt099
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt084
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt082
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0118
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0497
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0567823
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0589169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0581547
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0551007
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0503913
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02793459
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0114
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt099
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt084
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt082
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0118
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0497
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0551007
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0503913
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0567937
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0589268
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0581631
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0551089
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0504031
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02793956
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01844588
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01566657
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03411245
IRS990ScheduleD/EquipmentGrp/BookValueAmt060768
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0180937
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0241705
IRS990ScheduleD/ExpensesSubtotalAmt0672718
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0124755
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0124755
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03524
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08166
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011690
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt046400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16734
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0567937
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is tax exempt under Internal Revenue Code Section 501(c)(3) and is classified as a public charity and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more than likely than not, based on technical merits, that the position will be sustained upon examination. As of March 31, 2018, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02033635
IRS990ScheduleD/TotalExpensesPerForm990Amt0672718
IRS990ScheduleD/TotalLiabilityAmt053134
IRS990ScheduleD/TotalRevenuePerForm990Amt0567937
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0567937
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0672718
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROPERTY MANAGEMENT RESPONSIBILITIES OF THE APARTMENT COMPLEX ARE ASSIGNED TO A PROFESSIONAL PROPERTY MANAGEMENT FIRM ON A CONTRACT BASIS AND THAT IS APPROVED BY HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF FORM 990 IS PROVIDED TO MANAGEMENT FOR REVIEW PRIOR TO FINALIZING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS EXAMINES THE NATURE AND EFFECT OF ALL POSSIBLE CONFLICTS OF INTEREST AND TAKES APPROPRIATE ACTION. TO DATE, NO CONFLICTS HAVE BEEN REPORTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CONSISTENTLY REVIEWS MANAGEMENT AND OFFICER COMPENSATION PACKAGES AGAINST CURRENT MARKET RATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST OF THE MANAGEMENT COMPANY DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02390722
IRS990/TotalAssetsEOYAmt02264179
IRS990/TotalAssetsGrp/BOYAmt02390722
IRS990/TotalAssetsGrp/EOYAmt02264179
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0672718
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt0567248
IRS990/TotalLiabilitiesGrp/EOYAmt0545486
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01823474
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IRS990/TotalProgramServiceExpensesAmt0672718
IRS990/TotalProgramServiceRevenueAmt0567823
IRS990/TotalRevenueGrp/ExclusionAmt0114

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,264,179
Liabilities
$545,486
Net assets
$1,718,693
Revenue
$567,937
Expenses
$672,718
Net income
-$104,781
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.74$0.65$1.09$0.55$0.58$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.79$0.67$1.12$0.54$0.68$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.87$0.62$1.26$0.54$0.67$0.13
2021Detailed filing. Detailed filing data is available for this year.$2.05$0.66$1.39$0.56$0.69$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.09$0.57$1.52$0.59$0.65$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.13$0.55$1.58$0.58$0.72$0.14
2018Detailed filing. Detailed filing data is available for this year.$2.26$0.55$1.72$0.57$0.67$0.10
2017Detailed filing. Detailed filing data is available for this year.$2.39$0.57$1.82$0.59$0.64$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.45$0.58$1.87$0.58$0.63$0.05