Civic Intelligence

Ladder Incorporated

990EZ • Fiscal year 2018 • EIN 38-2940956

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 02, 2019

PO Box 1021Holland, MI 49422-1021

(616) 510-1262

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.77x

Higher debt load relative to assets than 93% of similar nonprofits.

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

Liabilities / Revenue

97th percentile

1.86x

Higher debt load relative to revenue than 97% of similar nonprofits.

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

Net Margin

18th percentile

-16%

Higher net margin than 18% of similar nonprofits.

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

Top Officer Pay

90th percentile

$40,685

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 40.4% of source-year revenue.

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

Asset Growth

30th percentile

-9.4%

Faster asset growth than 30% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

56th percentile

4.9%

Faster revenue growth than 56% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$242,095

Down $25,000 (-9.4%) from 2017

Net Assets

Down

$55,113

Down $16,516 (-23%) from 2017

Liabilities

Down

$186,982

Down $8,484 (-4.3%) from 2017

Revenue

Up

$100,666

Up $4,705 (+4.9%) from 2017

Expenses

Up

$117,182

Up $2,878 (+2.5%) from 2017

Net Income

Up

-$16,516

Up $1,827 (+10.0%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $326,492Liabilities 2010: $215,837Net Assets 2010: $110,6552010Assets 2011: $310,172Liabilities 2011: $221,204Net Assets 2011: $88,9682011Assets 2012: $295,564Liabilities 2012: $204,156Net Assets 2012: $91,4082012Assets 2013: $278,077Liabilities 2013: $195,390Net Assets 2013: $82,6872013Assets 2014: $265,670Liabilities 2014: $190,848Net Assets 2014: $74,8222014Assets 2015: $252,458Liabilities 2015: $185,718Net Assets 2015: $66,7402015Assets 2016: $270,788Liabilities 2016: $180,816Net Assets 2016: $89,9722016Assets 2017: $267,095Liabilities 2017: $195,466Net Assets 2017: $71,6292017Assets 2018: $242,095Liabilities 2018: $186,982Net Assets 2018: $55,1132018Assets 2019: $479,792Liabilities 2019: $294,903Net Assets 2019: $184,8892019Assets 2020: $542,081Liabilities 2020: $309,570Net Assets 2020: $232,5112020Assets 2021: $746,381Liabilities 2021: $288,068Net Assets 2021: $458,3132021Assets 2022: $1,039,866Liabilities 2022: $287,780Net Assets 2022: $752,0862022Assets 2023: $1,288,068Liabilities 2023: $661,066Net Assets 2023: $627,0022023Assets 2024: $1,082,692Liabilities 2024: $478,737Net Assets 2024: $603,9552024

Highlighted filing

2018

Assets$242,095
Liabilities$186,982
Net Assets$55,113

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $120,912Expenses 2010: $119,805Net Income 2010: $1,1072010Revenue 2011: $96,566Expenses 2011: $118,253Net Income 2011: -$21,6872011Revenue 2012: $112,945Expenses 2012: $110,505Net Income 2012: $2,4402012Revenue 2013: $109,333Expenses 2013: $118,054Net Income 2013: -$8,7212013Revenue 2014: $105,924Expenses 2014: $113,789Net Income 2014: -$7,8652014Revenue 2015: $107,692Expenses 2015: $115,774Net Income 2015: -$8,0822015Revenue 2016: $134,742Expenses 2016: $111,510Net Income 2016: $23,2322016Revenue 2017: $95,961Expenses 2017: $114,304Net Income 2017: -$18,3432017Revenue 2018: $100,666Expenses 2018: $117,182Net Income 2018: -$16,5162018Revenue 2019: $242,135Expenses 2019: $112,359Net Income 2019: $129,7762019Revenue 2020: $170,472Expenses 2020: $122,850Net Income 2020: $47,6222020Revenue 2021: $401,243Expenses 2021: $175,441Net Income 2021: $225,8022021Revenue 2022: $514,352Expenses 2022: $220,579Net Income 2022: $293,7732022Revenue 2023: $218,907Expenses 2023: $343,991Net Income 2023: -$125,0842023Revenue 2024: $540,363Expenses 2024: $363,410Net Income 2024: $176,9532024

Highlighted filing

2018

Revenue$100,666
Expenses$117,182
Net Income-$16,516
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 2, 2019
Return Version
2018v3.1
Gross Receipts
$146,372
Mission and Program Overview

Mission

To provide affordable housing and support for adults with mental illness.

To provide and maintain suitable, low-cost housing for adults with mental illness.

Program Services

DescriptionGrantsExpenses
THE MISSION OF LADDER HOMES IS TO PROVIDE AFFORDABLE HOUSING AND SUPPORTIVE SERVICES FOR ADULTS WITH MENTAL ILLNESS. THE GOALS OF THE LADDER HOMES PROGRAM ARE: TO PROVIDE HOUSING THAT IS: QUALITY AFFORDABLE APPROPRIATE SAFE TO PROVIDE INDIVIDUALIZED SERVICES FOR RESIDENTS THAT SUPPORT: LIFE AND SOCIAL SKILLS PSYCHIATRIC STABILITY COORDINATION WITH HEALTH CARE PROFESSIONALS ON AN OVERALL TREATMENT PLAN INTEGRATION INTO THE COMMUNITY TO RAISE AWARENESS AND UNDERSTANDING OF MENTAL ILLNESS.-$103,468
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JONATHAN BOOKExec.DirectorFT$40,685-$40,685
GRETCHEN NALESecretary-$0--
DANIEL STAUNCHDirector-$0--
CARLA BEACHDirector-$0--
BEVERLY DENTONPresident An-$0--
Filing and Contact Details

Filer

Filer Name
Ladder Inc
EIN
38-2940956
Phone
6165101262
Address
PO BOX 1021, HOLLAND, MI 49422-1021

Signing Officer

Name
Beverly Denton
Title
President and Treas
Phone
6167862606
Signed
2019-07-02

Preparer

Firm
Meyaard Tolman & Venlet Pc
Address
PO BOX 320, ZEELAND, MI 49464
Preparer
Jayne E Venlet
Phone
6167721901
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses communications 240 vehicle expenses 3,459 workers compensation insur 688 d & o insurance 1,057 miscellaneous 720 non-investment depreciation 11,992 total 18,156

Form 990-ez, Part II, Line 24

Pledges receivable 4,979 5,304 prepaid expenses and deferred charges 301 291 furniture and equipment 10,592 10,592 less accumulated depreciation 10,592 10,592 total 5,280 5,595

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,644 1,585 line of credit 34,875 34,875 note payable - homecor 3,000 0 mortgage and other notes payable 155,947 150,522

Form 990-ez, Part III

To provide and maintain suitable, low-cost housing for adults with mental illness.

Form 990-ez, Part III, Line 28

The mission of ladder homes is to provide affordable housing and supportive services for adults with mental illness. The goals of the ladder homes program are: to provide housing that is: quality affordable appropriate safe to provide individualized services for residents that support: life and social skills psychiatric stability coordination with health care professionals on an overall treatment plan integration into the community to raise awareness and understanding of mental illness.

Raw XML Appendix168 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES COMMUNICATIONS 240 VEHICLE EXPENSES 3,459 WORKERS COMPENSATION INSUR 688 D & O INSURANCE 1,057 MISCELLANEOUS 720 NON-INVESTMENT DEPRECIATION 11,992 TOTAL 18,156
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PLEDGES RECEIVABLE 4,979 5,304 PREPAID EXPENSES AND DEFERRED CHARGES 301 291 FURNITURE AND EQUIPMENT 10,592 10,592 LESS ACCUMULATED DEPRECIATION 10,592 10,592 TOTAL 5,280 5,595
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,644 1,585 LINE OF CREDIT 34,875 34,875 NOTE PAYABLE - HOMECOR 3,000 0 MORTGAGE AND OTHER NOTES PAYABLE 155,947 150,522
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO PROVIDE AND MAINTAIN SUITABLE, LOW-COST HOUSING FOR ADULTS WITH MENTAL ILLNESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MISSION OF LADDER HOMES IS TO PROVIDE AFFORDABLE HOUSING AND SUPPORTIVE SERVICES FOR ADULTS WITH MENTAL ILLNESS. THE GOALS OF THE LADDER HOMES PROGRAM ARE: TO PROVIDE HOUSING THAT IS: QUALITY AFFORDABLE APPROPRIATE SAFE TO PROVIDE INDIVIDUALIZED SERVICES FOR RESIDENTS THAT SUPPORT: LIFE AND SOCIAL SKILLS PSYCHIATRIC STABILITY COORDINATION WITH HEALTH CARE PROFESSIONALS ON AN OVERALL TREATMENT PLAN INTEGRATION INTO THE COMMUNITY TO RAISE AWARENESS AND UNDERSTANDING OF MENTAL ILLNESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BEVERLY DENTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum06167862606
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-02
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ReturnHeader/Filer/EIN0382940956
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ReturnHeader/PreparerPersonGrp/PhoneNum06167721901
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAYNE E VENLET
ReturnHeader/ReturnTs02019-10-28T09:06:57-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.48$0.60$0.54$0.36$0.18
2023Detailed filing. Detailed filing data is available for this year.$1.29$0.66$0.63$0.22$0.34$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.29$0.75$0.51$0.22$0.29
2021Detailed filing. Detailed filing data is available for this year.$0.75$0.29$0.46$0.40$0.18$0.23
2020Detailed filing. Detailed filing data is available for this year.$0.54$0.31$0.23$0.17$0.12$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.48$0.29$0.18$0.24$0.11$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.24$0.19$0.06$0.10$0.12$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.27$0.20$0.07$0.10$0.11$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.27$0.18$0.09$0.13$0.11$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.25$0.19$0.07$0.11$0.12$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.19$0.07$0.11$0.11$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.28$0.20$0.08$0.11$0.12$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.20$0.09$0.11$0.11$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.22$0.09$0.10$0.12$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.22$0.11$0.12$0.12$0.00