Civic Intelligence

Nasco Properties Inc

990 • Fiscal year 2016 • EIN 38-2801692

May 01, 2015 to Apr 30, 2016 • Filed on Oct 14, 2016

1100 W Cermak No 514Chicago, IL 60608

(734) 945-2424

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.70x

Higher debt load relative to assets than 62% of similar nonprofits.

2016 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

47th percentile

2.73x

Higher debt load relative to revenue than 47% of similar nonprofits.

2016 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2016

Net Margin

67th percentile

41%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2016 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2016

Asset Growth

81st percentile

4.4%

Faster asset growth than 81% of similar nonprofits.

2016 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

62%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,578,803

Up $237,634 (+4.4%) from 2015

Net Assets

Up

$1,681,301

Up $581,966 (+53%) from 2015

Liabilities

Down

$3,897,502

Down $344,332 (-8.1%) from 2015

Revenue

Up

$1,427,959

Up $545,911 (+62%) from 2015

Expenses

Up

$845,993

Up $126,593 (+18%) from 2015

Net Income

Up

$581,966

Up $419,318 (+258%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $5,088,153Liabilities 2011: $4,299,095Net Assets 2011: $789,0582011Assets 2012: $4,596,982Liabilities 2012: $3,681,608Net Assets 2012: $915,3742012Assets 2013: $5,453,144Liabilities 2013: $4,537,236Net Assets 2013: $915,9082013Assets 2014: $5,365,685Liabilities 2014: $4,428,998Net Assets 2014: $936,6872014Assets 2015: $5,341,169Liabilities 2015: $4,241,834Net Assets 2015: $1,099,3352015Assets 2016: $5,578,803Liabilities 2016: $3,897,502Net Assets 2016: $1,681,3012016Assets 2017: $6,537,220Liabilities 2017: $4,033,904Net Assets 2017: $2,503,3162017Assets 2018: $6,694,537Liabilities 2018: $4,120,366Net Assets 2018: $2,574,1712018Assets 2019: $6,569,963Liabilities 2019: $4,010,190Net Assets 2019: $2,559,7732019Assets 2020: $6,034,320Liabilities 2020: $3,946,089Net Assets 2020: $2,088,2312020Assets 2021: $6,982,398Liabilities 2021: $3,960,563Net Assets 2021: $3,021,8352021Assets 2022: $6,977,770Liabilities 2022: $3,863,626Net Assets 2022: $3,114,1442022Assets 2023: $6,789,313Liabilities 2023: $3,832,234Net Assets 2023: $2,957,0792023Assets 2024: $8,052,984Liabilities 2024: $5,239,630Net Assets 2024: $2,813,3542024Assets 2025: $7,649,755Liabilities 2025: $4,092,172Net Assets 2025: $3,557,5832025

Highlighted filing

2016

Assets$5,578,803
Liabilities$3,897,502
Net Assets$1,681,301

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $795,007Expenses 2011: $832,030Net Income 2011: -$37,0232011Revenue 2012: $912,035Expenses 2012: $755,072Net Income 2012: $156,9632012Revenue 2013: $736,783Expenses 2013: $767,709Net Income 2013: -$30,9262013Revenue 2014: $847,790Expenses 2014: $827,011Net Income 2014: $20,7792014Revenue 2015: $882,048Expenses 2015: $719,400Net Income 2015: $162,6482015Revenue 2016: $1,427,959Expenses 2016: $845,993Net Income 2016: $581,9662016Revenue 2017: $1,610,483Expenses 2017: $911,295Net Income 2017: $699,1882017Revenue 2018: $1,022,625Expenses 2018: $915,493Net Income 2018: $107,1322018Revenue 2019: $978,309Expenses 2019: $992,707Net Income 2019: -$14,3982019Revenue 2020: $1,036,316Expenses 2020: $1,507,858Net Income 2020: -$471,5422020Revenue 2021: $2,037,235Expenses 2021: $1,102,389Net Income 2021: $934,8462021Revenue 2022: $1,151,857Expenses 2022: $1,061,025Net Income 2022: $90,8322022Revenue 2023: $1,123,682Expenses 2023: $1,280,747Net Income 2023: -$157,0652023Revenue 2024: $2,442,486Expenses 2024: $2,586,211Net Income 2024: -$143,7252024Revenue 2025: $2,454,040Expenses 2025: $1,613,927Net Income 2025: $840,1132025

Highlighted filing

2016

Revenue$1,427,959
Expenses$845,993
Net Income$581,966
Jump To
Filing Snapshot
Filing Period
May 1, 2015 to Apr 30, 2016
Signed
Oct 14, 2016
Return Version
2015v2.1
Gross Receipts
$1,427,959
Mission and Program Overview

Mission

To further the vision of the north american students of cooperation to expand the cooperative movement by providing a property-holding entity to support development.

Nasco properties holds title to and manages property leased to cooperatives housing students and youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,738,829$4,422,029▼ $316,800
Cash and Non-Interest-Bearing Accounts$382,549$975,039▲ $592,490
Other Notes and Loans Receivable, Net$95,644$88,914▼ $6,730
Accounts Receivable$71,972$36,139▼ $35,833
Prepaid Expenses and Deferred Charges$12,175$14,550▲ $2,375
Total Assets$5,341,169$5,578,803▲ $237,634
Other Assets Total$40,000$42,132▲ $2,132
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,091,191$3,792,287▼ $298,904
Other Liabilities$116,940$71,511▼ $45,429
Accounts Payable and Accrued Expenses$33,703$33,704▲ $1
Total Liabilities$4,241,834$3,897,502▼ $344,332
Net Assets / Fund Balance
Unrestricted Net Assets$1,099,335$1,681,301▲ $581,966
Total Net Assets Fund Balance$1,099,335$1,681,301▲ $581,966
Total Liabilities and Net Assets / Fund Balance$5,341,169$5,578,803▲ $237,634

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,264,182$533,990$2,798,172
Leasehold Improvements$1,010,621$536,375$1,546,996
Land$1,116,059-$1,116,059
Equipment$31,167$29,427$60,594
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael EugenioPresident
Noah CompoVice President
Chiji OchiaghaDIREctor
Hannah MonroeDIRector
Jason heringDirector
Jolana WatsonDIREctor
Kerry AlsheimerDIREctor
Kim GarmanyDirector
Meg SeidelDirector
Nico WhiteDirector
alex greenDirector
jay kimdirector
daniel millergeneral manager
Morgan Schumanntreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$914,275
Investment Income
$513,684
Other Revenue
$0
Change in Net Assets
$581,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$845,993
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$234,206--$234,206
Depreciation Depletion$184,049--$184,049
Fees for Services Management-$74,438-$74,438
Insurance$60,741--$60,741
All Other Expenses$40,952--$40,952
Other Expenses$14,471--$14,471
Fees for Services Accounting-$4,601-$4,601
Fees for Services Legal-$4,008-$4,008
Total Functional Expenses$762,946$83,047$0$845,993
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$71,511
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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

Nasco properties contracts with north american students for cooperation (nasco) for organizational management.

Form 990, Part VI, Section B, line 11

Secretary is sent copy of form 990 and it is reviewed and approved before filing

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

The Organization has included within it's Standing Rules of the Organization a policy that requires any board member to promptly disclosure any potential conflicts.

Form 990, Part VI, Section C, line 19

All documents are available upon request

Filing and Contact Details

Filer

Filer Name
Nasco Properties Inc
EIN
38-2801692
Phone
7349452424
Address
1100 W Cermak No 514, CHICAGO, IL 60608

Signing Officer

Name
Daniel Miller
Title
General Manager
Phone
7349452424
Signed
2016-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Miller
Formed
1968
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
14

Preparer

Firm
Sassetti LLC
Address
6611 North Avenue, Oak Park, IL 60302
Preparer
Jeff Schroeder
Phone
7083861433
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

There was no change in the process for oversight of financial statement review.

Raw XML AppendixShowing 400 of 429 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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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt095644
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt088914
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012175
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014550
IRS990/PrincipalOfficerNm0Daniel Miller
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0914275
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0914275
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05130
IRS990/PYOtherExpensesAmt0719400
IRS990/PYOtherRevenueAmt0185
IRS990/PYProgramServiceRevenueAmt0876733
IRS990/PYRevenuesLessExpensesAmt0162648
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0719400
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0882048
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0581966
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0914275
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02264182
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0533990
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02798172
IRS990ScheduleD/EquipmentGrp/BookValueAmt031167
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029427
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt060594
IRS990ScheduleD/LandGrp/BookValueAmt01116059
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01116059
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01010621
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0536375
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01546996
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt071511
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04422029
IRS990ScheduleD/TotalLiabilityAmt071511
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NASCO PROPERTIES CONTRACTS WITH NORTH AMERICAN STUDENTS FOR COOPERATION (NASCO) FOR ORGANIZATIONAL MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SECRETARY IS SENT COPY OF FORM 990 AND IT IS REVIEWED AND APPROVED BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization has included within it's Standing Rules of the Organization a policy that requires any board member to promptly disclosure any potential conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE WAS NO CHANGE IN THE PROCESS FOR OVERSIGHT OF FINANCIAL STATEMENT REVIEW.
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 B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NORTH AMERICAN STUDENTS FOR COOPERATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0382219436
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Education regarding co-ops
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0330 Wellst St - 618F
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Chicago
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060606
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt074438
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Written agreement
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NORTH AMERICAN STUDENTS OF COOPERATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05341169
IRS990/TotalAssetsEOYAmt05578803
IRS990/TotalAssetsGrp/BOYAmt05341169
IRS990/TotalAssetsGrp/EOYAmt05578803
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt083047
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0762946
IRS990/TotalFunctionalExpensesGrp/TotalAmt0845993
IRS990/TotalGrossUBIAmt0506711
IRS990/TotalLiabilitiesBOYAmt04241834
IRS990/TotalLiabilitiesEOYAmt03897502
IRS990/TotalLiabilitiesGrp/BOYAmt04241834
IRS990/TotalLiabilitiesGrp/EOYAmt03897502
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01099335
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01681301
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0762946
IRS990/TotalProgramServiceRevenueAmt0914275
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06973
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0914275
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01427959
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0506711
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05341169
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05578803
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01099335
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01681301
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01100 W Cermak No 514
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060608
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.65$4.09$3.56$2.45$1.61$0.84
2024Detailed filing. Detailed filing data is available for this year.$8.05$5.24$2.81$2.44$2.59$0.14
2023Detailed filing. Detailed filing data is available for this year.$6.79$3.83$2.96$1.12$1.28$0.16
2022Detailed filing. Detailed filing data is available for this year.$6.98$3.86$3.11$1.15$1.06$0.09
2021Detailed filing. Detailed filing data is available for this year.$6.98$3.96$3.02$2.04$1.10$0.93
2020Detailed filing. Detailed filing data is available for this year.$6.03$3.95$2.09$1.04$1.51$0.47
2019Detailed filing. Detailed filing data is available for this year.$6.57$4.01$2.56$0.98$0.99$0.01
2018Detailed filing. Detailed filing data is available for this year.$6.69$4.12$2.57$1.02$0.92$0.11
2017Detailed filing. Detailed filing data is available for this year.$6.54$4.03$2.50$1.61$0.91$0.70
2016Detailed filing. Detailed filing data is available for this year.$5.58$3.90$1.68$1.43$0.85$0.58
2015Summary only. Only limited summary data is available for this year.$5.34$4.24$1.10$0.88$0.72$0.16
2014Summary only. Only limited summary data is available for this year.$5.37$4.43$0.94$0.85$0.83$0.02
2013Summary only. Only limited summary data is available for this year.$5.45$4.54$0.92$0.74$0.77$0.03
2012Summary only. Only limited summary data is available for this year.$4.60$3.68$0.92$0.91$0.76$0.16
2011Summary only. Only limited summary data is available for this year.$5.09$4.30$0.79$0.80$0.83$0.04