Civic Intelligence

Monroe County Apartments 4 Association

EIN 37-1387586 • 501(c)3 • Waterloo, IL

Profile

To provide rental real estate for the low-income, mentally ill, and developmentally disabled.

988 N Illinois Route 3Waterloo, IL 62298

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.14x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

82nd percentile

0.57x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

45th percentile

2.3%

Higher net margin than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

29th percentile

-2.6%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Revenue Growth

42nd percentile

3.4%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Assets

Down

$2,743,751

Down $47,962 (-1.7%) from 2024

Liabilities

Down

$379,834

Down $54,792 (-13%) from 2024

Net Assets

Up

$2,363,917

Up $6,830 (+0.3%) from 2024

Revenue

Up

$662,297

Up $57,686 (+9.5%) from 2024

Expenses

Down

$646,796

Down $111,849 (-15%) from 2024

Net Income

Up

$15,501

Up $169,535 (+110%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2021: $3,058,866Liabilities 2021: $385,192Net Assets 2021: $2,673,6742021Assets 2022: $2,965,086Liabilities 2022: $419,880Net Assets 2022: $2,545,2062022Assets 2023: $2,866,916Liabilities 2023: $382,108Net Assets 2023: $2,484,8082023Assets 2024: $2,791,713Liabilities 2024: $434,626Net Assets 2024: $2,357,0872024Assets 2025: $2,743,751Liabilities 2025: $379,834Net Assets 2025: $2,363,9172025

Highlighted filing

2025

Assets$2,743,751
Liabilities$379,834
Net Assets$2,363,917

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2021: $595,855Expenses 2021: $589,178Net Income 2021: $6,6772021Revenue 2022: $598,497Expenses 2022: $639,347Net Income 2022: -$40,8502022Revenue 2023: $615,113Expenses 2023: $687,613Net Income 2023: -$72,5002023Revenue 2024: $604,611Expenses 2024: $758,645Net Income 2024: -$154,0342024Revenue 2025: $662,297Expenses 2025: $646,796Net Income 2025: $15,5012025

Highlighted filing

2025

Revenue$662,297
Expenses$646,796
Net Income$15,501

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 5, 2025
Return Version
2024v5.2
Gross Receipts
$662,297
Mission and Program Overview

Mission

To provide rental real estate for the low-income mentally ill and developmentally disabled.

To provide rental real estate for the low-income, mentally ill, and developmentally disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,085,174$1,955,232▼ $129,942
Cash and Non-Interest-Bearing Accounts$348,731$407,506▲ $58,775
Investments in Publicly Traded Securities$203,695$371,008▲ $167,313
Accounts Receivable$2,503$6,705▲ $4,202
Prepaid Expenses and Deferred Charges$3,300$3,300→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,791,713$2,743,751▼ $47,962
Other Assets Total$148,310$0▼ $148,310
Liabilities
Mortgage Notes Payable Secured by Investment Property$311,862$307,135▼ $4,727
Accounts Payable and Accrued Expenses$79,145$43,029▼ $36,116
Other Liabilities$43,619$29,670▼ $13,949
Total Liabilities$434,626$379,834▼ $54,792
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,357,087$2,363,917▲ $6,830
Total Net Assets Fund Balance$2,357,087$2,363,917▲ $6,830
Total Liabilities and Net Assets / Fund Balance$2,791,713$2,743,751▼ $47,962

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,582,972$3,960,022$5,542,994
Land$372,260-$372,260
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael SchneiderPresident
Craig BrauerVice President
Joel VogtTrustee
Kyle BuettnerTrustee
Kathy AsselmeierSecretary
Steve StrohTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$632,197
Investment Income
$28,718
Other Revenue
$1,382
Change in Net Assets
$15,501

Audited Revenue Reconciliation

Revenue per Audited Statements
$662,297
Revenue Not Reported on Form 990
$-8,671
Total Revenue per Audited Statements
$653,626
Total Revenue per Form 990
$662,297
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$599,738
Salaries, Compensation, and Employee Benefits$47,058
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$289,960--$289,960
Depreciation Depletion$205,015--$205,015
Other Expenses-$80,952-$80,952
Other Salaries and Wages$46,854$204-$47,058
Interest$19,911--$19,911
Office Expenses-$3,900-$3,900
Total Functional Expenses$561,740$85,056$0$646,796

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$646,796
Total Expenses per Audited Statements$646,796
Total Expenses per Form 990$646,796
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
Due to Affiliate$29,670
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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
Yes

Governance Explanations

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

The annual independent audit and the Form 990 are both distributed to each member of the Board of Directors a month prior to the regular meeting of the Board at which these items are to be accepted. The Board members are told that they may contact the auditor who prepared the audit and Form 990 should they have any questions regarding either item. Members then have a month to review the material and prepare for discussion and acceptance of these items.

Form 990, Part VI, Section B, Line 12C

Board members are asked to complete and sign a disclosure statement annually. The signed statement includes the Board of Directors' Conflict of Interest Policy. Members are then expected to follow the Implementation/Procedure included in the policy and recuse themselves should a conflict arise. The Board of Directors President and the agency's Executive Director also monitor proceedings and will prompt any member that might forget to recuse themselves as needed. Any instance of recusal would be noted in the minutes of the meeting.

Form 990, Part VI, Section B, Line 15A

There are no employees of Monroe County Apartments 4.

Form 990, Part VI, Section C, Line 19

The agency keeps both hard copy and digital copies of each required document. Copies are provided free of charge for individual requests. Also, the agency's Form 990 is posted on the internet on the Guidestar webpage (www2.guidestar.org).

Filing and Contact Details

Filer

Filer Name
Monroe County Apartments 4 Association
EIN
37-1387586
Phone
6189398644
Address
988 N ILLINOIS ROUTE 3, WATERLOO, IL 62298

Signing Officer

Name
Michael Schneider
Title
President
Signed
2025-09-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Polansky
Formed
1999
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
5

Preparer

Firm
FEW CPAs
Address
6240 S Lindbergh Suite 101, St Louis, MO 63123
Preparer
Matt Fisher
Phone
3148457999
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

No changes from prior year

Financial Statement Notes

Part X : FIN48 Footnote

On July 1, 2010, the Organizations adopted the provisions of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48). FIN 48 requires that a tax position be recognized or derecognized based on a more-likely-than-not threshold. This applies to positions taken or expected to be taken in a tax return. The implementation of FIN 48 had no impact on the Organizations statement of financial position or statement of activities. The Organizations do not believe its financial statements include (or reflect) any uncertain tax positions. The Organizations tax returns filed prior to fiscal 2022 are closed.

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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt020047
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt044050
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt029697
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0-54576
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05260
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt044478
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0632197
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0585187
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0582593
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0554062
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0576600
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02930639
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt020047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt044050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt029697
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0-54576
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05260
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt044478
IRS990ScheduleA/InvestmentIncomeCYPct00.01480
IRS990ScheduleA/InvestmentIncomePYPct00.01150
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01382
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01687
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt014925
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt011393
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05260
IRS990ScheduleA/OtherIncome509Grp/TotalAmt034647
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97370
IRS990ScheduleA/PublicSupportPY509Pct00.97390
IRS990ScheduleA/PublicSupportTotal509Amt02930639
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0632197
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0585187
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0582593
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0554062
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0576600
IRS990ScheduleA/Total509Grp/TotalAmt02930639
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0653626
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0630924
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0627215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0510879
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0587120
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03009764
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01582972
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03960022
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05542994
IRS990ScheduleD/ExpensesSubtotalAmt0646796
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0372260
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0372260
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-8671
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029670
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt0-8671
IRS990ScheduleD/RevenueSubtotalAmt0662297
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0On July 1, 2010, the Organizations adopted the provisions of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48). FIN 48 requires that a tax position be recognized or derecognized based on a more-likely-than-not threshold. This applies to positions taken or expected to be taken in a tax return. The implementation of FIN 48 had no impact on the Organizations statement of financial position or statement of activities. The Organizations do not believe its financial statements include (or reflect) any uncertain tax positions. The Organizations tax returns filed prior to fiscal 2022 are closed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01955232
IRS990ScheduleD/TotalExpensesPerForm990Amt0646796
IRS990ScheduleD/TotalLiabilityAmt029670
IRS990ScheduleD/TotalRevenuePerForm990Amt0662297
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0653626
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0646796
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The annual independent audit and the Form 990 are both distributed to each member of the Board of Directors a month prior to the regular meeting of the Board at which these items are to be accepted. The Board members are told that they may contact the auditor who prepared the audit and Form 990 should they have any questions regarding either item. Members then have a month to review the material and prepare for discussion and acceptance of these items.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are asked to complete and sign a disclosure statement annually. The signed statement includes the Board of Directors' Conflict of Interest Policy. Members are then expected to follow the Implementation/Procedure included in the policy and recuse themselves should a conflict arise. The Board of Directors President and the agency's Executive Director also monitor proceedings and will prompt any member that might forget to recuse themselves as needed. Any instance of recusal would be noted in the minutes of the meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are no employees of Monroe County Apartments 4.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The agency keeps both hard copy and digital copies of each required document. Copies are provided free of charge for individual requests. Also, the agency's Form 990 is posted on the internet on the Guidestar webpage (www2.guidestar.org).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGES FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HUMAN SUPPORT SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0370968305
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COMMUNITY BASED MENTAL HEALTH PROGRAM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0988 N ILLINOIS ROUTE 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WATERLOO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd062298
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt029670
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt147058
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2487370
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HUMAN SUPPORT SERVICES
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1HUMAN SUPPORT SERVICES
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2HUMAN SUPPORT SERVICES
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0d
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1o
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2p
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

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