Civic Intelligence

Summit Apartments Inc

990 • Fiscal year 2013 • EIN 39-1225718

Jan 01, 2013 to Dec 31, 2013 • Filed on May 05, 2014

Organization ProfileN/A
106 Arneson RoadBarneveld, WI 53507

(608) 924-1016

Siviq Scores

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

Liabilities / Assets

97th percentile

1.57x

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

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

96th percentile

4.29x

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

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Net Margin

13th percentile

-18%

Higher net margin than 13% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

66th percentile

$0

Higher top officer pay than 66% of similar nonprofits.

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

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Asset Growth

24th percentile

-4.2%

Faster asset growth than 24% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

74th percentile

15%

Faster revenue growth than 74% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$507,123

Down $21,985 (-4.2%) from 2012

Net Assets

Down

-$289,106

Down $33,653 (-13%) from 2012

Liabilities

Up

$796,229

Up $11,668 (+1.5%) from 2012

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin13th percentile

Revenue

$185,809

No earlier filing loaded for comparison.

Expenses

Up

$219,462

Up $33,798 (+18%) from 2012

Net Income

-$33,653

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$1.0M$500K$0-$500KAssets 2010: $572,757Liabilities 2010: $758,241Net Assets 2010: -$185,4842010Assets 2011: $546,831Liabilities 2011: $772,096Net Assets 2011: -$225,2652011Assets 2012: $529,108Liabilities 2012: $784,561Net Assets 2012: -$255,4532012Assets 2013: $507,123Liabilities 2013: $796,229Net Assets 2013: -$289,1062013Assets 2014: $517,816Liabilities 2014: $825,495Net Assets 2014: -$307,6792014Assets 2015: $487,148Liabilities 2015: $814,828Net Assets 2015: -$327,6802015Assets 2016: $482,351Liabilities 2016: $824,277Net Assets 2016: -$341,9262016Assets 2017: $478,071Liabilities 2017: $831,707Net Assets 2017: -$353,6362017Assets 2018: $451,152Liabilities 2018: $850,508Net Assets 2018: -$399,3562018Assets 2019: $446,473Liabilities 2019: $850,433Net Assets 2019: -$403,9602019Assets 2020: $478,135Liabilities 2020: $857,407Net Assets 2020: -$379,2722020Assets 2021: $481,560Liabilities 2021: $851,494Net Assets 2021: -$369,9342021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2013

Assets$507,123
Liabilities$796,229
Net Assets-$289,106
Open 2013 Filing

Operations Trend

Revenue Growth74th percentile

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

$400K$200K$0-$200K-$400KExpenses 2010: $179,4872010Revenue 2011: $139,489Expenses 2011: $179,270Net Income 2011: -$39,7812011Expenses 2012: $185,6642012Revenue 2013: $185,809Expenses 2013: $219,462Net Income 2013: -$33,6532013Revenue 2014: $198,801Expenses 2014: $217,374Net Income 2014: -$18,5732014Revenue 2015: $226,723Expenses 2015: $246,724Net Income 2015: -$20,0012015Revenue 2016: $218,351Expenses 2016: $232,597Net Income 2016: -$14,2462016Revenue 2017: $220,314Expenses 2017: $232,024Net Income 2017: -$11,7102017Revenue 2018: $223,519Expenses 2018: $269,239Net Income 2018: -$45,7202018Revenue 2019: $239,593Expenses 2019: $244,197Net Income 2019: -$4,6042019Revenue 2020: $253,415Expenses 2020: $228,727Net Income 2020: $24,6882020Revenue 2021: $250,389Expenses 2021: $241,051Net Income 2021: $9,3382021Revenue 2022: -$187,948Expenses 2022: $119,256Net Income 2022: -$307,2042022

Highlighted filing

2013

Revenue$185,809
Expenses$219,462
Net Income-$33,653
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 5, 2014
Return Version
2013v3.1
Gross Receipts
$185,809
Mission and Program Overview

Mission

To provide safe, affordable housing to low and moderate income senior citizens, and handicapped and disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$412,343$411,732▼ $611
Savings and Temporary Cash Investments$107,424$94,309▼ $13,115
Prepaid Expenses and Deferred Charges$9,341$874▼ $8,467
Accounts Receivable-$208-
Total Assets$529,108$507,123▼ $21,985
Liabilities
Mortgage Notes Payable Secured by Investment Property$704,615$702,397▼ $2,218
Other Liabilities$77,068$90,904▲ $13,836
Accounts Payable and Accrued Expenses$2,878$2,928▲ $50
Total Liabilities$784,561$796,229▲ $11,668
Net Assets / Fund Balance
Unrestricted Net Assets$-255,453$-289,106▼ $33,653
Total Net Assets Fund Balance$-255,453$-289,106▼ $33,653
Total Liabilities and Net Assets / Fund Balance$529,108$507,123▼ $21,985

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$313,549$841,557$1,155,106
Equipment$67,741$105,532$173,273
Land$30,442-$30,442
Compensation and Service Providers
Top Officer Pay66th percentile

Board Members and Trustees

NameTitle
Peggy JonesPresident
Arlene TheobaldDirector
James HelgesonDirector
James NelsonDirector
Ralph KleppeDirector
Tom TomawDirector
Mary Ann MyersSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$185,730
Investment Income
$79
Other Revenue
$0
Change in Net Assets
$-33,653

Audited Revenue Reconciliation

Revenue per Audited Statements
$185,809
Total Revenue per Audited Statements
$185,809
Total Revenue per Form 990
$185,809
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$219,462
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$126,477--$126,477
Depreciation Depletion$51,741--$51,741
Fees for Services Management-$27,814-$27,814
Fees for Services Accounting-$6,417-$6,417
Advertising$4,054--$4,054
Office Expenses$1,655--$1,655
Insurance-$614-$614
Other Expenses$79$454-$79
Total Functional Expenses$184,163$35,299$0$219,462

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$219,462
Total Expenses per Audited Statements$219,462
Total Expenses per Form 990$219,462
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
Deferred Interest Expense$80,219
Security Deposits Payable$9,702
Prepaid Rents/ Condo Dues$983
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, Page 6, Part VI, Line 3

“Wisconsin management company responsibilities include: 1)in case of any construction, direct liaison with contractor and general contractor; 2)market rental units, observe all requirements of the affirmative fair housing marketing plan and maintain all records related to rental compliance; 3)offer for rent, all units and maintain all records; 4)furnish all reports to any oversight agencies including rural development; 5)maintain accounting records of the organization; 6)enforce all leases; 7)maintain and repair the project; 8) make arrangements for all utilities; 8)keep project in compliance with all insurance requirements; 9)provide for the payment of all taxes, assesssments and government fees; 10)employ persons and/or services to perform duties and responsibilities at the project site; 11)maintain and safeguard the projects accounts and tenant security deposits.”

Form 990, Page 6, Part VI, Line 11B

“The board of directors relies on the tax preparer for accruate reporting.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon request.”

Filing and Contact Details

Filer

EIN
39-1225718
Phone
6089241016

Signing Officer

Name
Peggy Jones
Title
President
Phone
6089241016
Signed
2014-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peggy Jones
Formed
1975
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Preparer
Joseph G Mohlmann
Phone
6089872206
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Summit apartments, inc. Is exempt from federal and state income taxes under section 501(c)(4) of the internal revenue code and chapter 181 of the wisconsin statutes. Only unrelated business income, as defined by section 512(a)(1) of the code, is subject to federal income taxes. The organization has adopted accounting guidance for recognizing and measuring uncertain tax positions. The organization follows statutory requirements for income tax accounting and generally avoids risks associated with potentially problematic tax positions that may be challenged upon examination. Management believes any liability resulting from taxing authorities imposing income taxes from activities deemed to be unrelated to the organization's tax-exempt status would not be material to the financial statements. The organization's federal exempt organization returns are subject to examination by the internal revenue service, generally for three years after they are filed. With few exceptions, the organization is no longer subject to such examinations for tax years before 2009.”

Raw XML Appendix328 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02878
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02928
IRS990/AccountsReceivableGrp/EOYAmt0208
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE SAFE, AFFORDABLE HOUSING TO LOW AND MODERATE INCOME SENIOR CITIZENS, AND HANDICAPPED AND DISABLED INDIVIDUALS.
IRS990/AdvertisingGrp/ProgramServicesAmt04054
IRS990/AdvertisingGrp/TotalAmt04054
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10WISCONSIN MANAGEMENT COMPANY INC
IRS990/BooksInCareOfDetail/PhoneNum06082582080
IRS990/BooksInCareOfDetail/USAddress/AddressLine102040 SOUTH PARK STREET
IRS990/BooksInCareOfDetail/USAddress/City0MADISON
IRS990/BooksInCareOfDetail/USAddress/State0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCode053713
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt079
IRS990/CYOtherExpensesAmt0219462
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0185730
IRS990/CYRevenuesLessExpensesAmt0-33653
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0219462
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0185809
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt051741
IRS990/DepreciationDepletionGrp/TotalAmt051741
IRS990/Desc0TO PROVIDE SAFE, AFFORDABLE HOUSING TO LOW AND MODERATE INCOME SENIOR CITIZENS, AND HANDICAPPED AND DISABLED PERSONS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0184163
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06417
IRS990/FeesForServicesAccountingGrp/TotalAmt06417
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt027814
IRS990/FeesForServicesManagementGrp/TotalAmt027814
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm1RALPH KLEPPE
IRS990/Form990PartVIISectionAGrp/PersonNm2TOM TOMAW
IRS990/Form990PartVIISectionAGrp/PersonNm3ARLENE THEOBALD
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES HELGESON
IRS990/Form990PartVIISectionAGrp/PersonNm5MARY ANN MYERS
IRS990/Form990PartVIISectionAGrp/PersonNm6PEGGY JONES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0185809
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0614
IRS990/InsuranceGrp/TotalAmt0614
IRS990/InvestmentIncomeGrp/ExclusionAmt079
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt079
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0947089
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0412343
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0411732
IRS990/LandBldgEquipCostOrOtherBssAmt01358821
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE SAFE, AFFORDABLE HOUSING TO LOW AND MODERATE INCOME SENIOR CITIZENS, AND HANDICAPPED AND DISABLED INDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0704615
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0702397
IRS990/NetAssetsOrFundBalancesBOYAmt0-255453
IRS990/NetAssetsOrFundBalancesEOYAmt0-289106
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0126477
IRS990/OccupancyGrp/TotalAmt0126477
IRS990/OfficeExpensesGrp/ProgramServicesAmt01655
IRS990/OfficeExpensesGrp/TotalAmt01655
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0OTHER ADMIN EXPENSE
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2TRAINING EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0454
IRS990/OtherExpensesGrp/ProgramServicesAmt0157
IRS990/OtherExpensesGrp/ProgramServicesAmt179
IRS990/OtherExpensesGrp/TotalAmt0454
IRS990/OtherExpensesGrp/TotalAmt1157
IRS990/OtherExpensesGrp/TotalAmt279
IRS990/OtherLiabilitiesGrp/BOYAmt077068
IRS990/OtherLiabilitiesGrp/EOYAmt090904
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09341
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0874
IRS990/PrincipalOfficerNm0PEGGY JONES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST SUBSIDY
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc3TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0148234
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt134470
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22726
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0148234
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt134470
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22726
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3300
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt099
IRS990/PYOtherExpensesAmt0185664
IRS990/PYProgramServiceRevenueAmt0155377
IRS990/PYRevenuesLessExpensesAmt0-30188
IRS990/PYTotalExpensesAmt0185664
IRS990/PYTotalRevenueAmt0155476
IRS990/ReconcilationRevenueExpnssAmt0-33653
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0185730
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0107424
IRS990/SavingsAndTempCashInvstGrp/EOYAmt094309
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0313549
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0841557
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01155106
IRS990ScheduleD/EquipmentGrp/BookValueAmt067741
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0105532
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0173273
IRS990ScheduleD/ExpensesSubtotalAmt0219462
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt030442
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030442
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt080219
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19702
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2983
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INTEREST EXPENSE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID RENTS/ CONDO DUES
IRS990ScheduleD/RevenueSubtotalAmt0185809
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SUMMIT APARTMENTS, INC. IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND CHAPTER 181 OF THE WISCONSIN STATUTES. ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAXES. THE ORGANIZATION HAS ADOPTED ACCOUNTING GUIDANCE FOR RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS. THE ORGANIZATION FOLLOWS STATUTORY REQUIREMENTS FOR INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE ORGANIZATION'S TAX-EXEMPT STATUS WOULD NOT BE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO SUCH EXAMINATIONS FOR TAX YEARS BEFORE 2009.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0411732
IRS990ScheduleD/TotalExpensesPerForm990Amt0219462
IRS990ScheduleD/TotalLiabilityAmt090904
IRS990ScheduleD/TotalRevenuePerForm990Amt0185809
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0185809
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0219462
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WISCONSIN MANAGEMENT COMPANY RESPONSIBILITIES INCLUDE: 1)IN CASE OF ANY CONSTRUCTION, DIRECT LIAISON WITH CONTRACTOR AND GENERAL CONTRACTOR; 2)MARKET RENTAL UNITS, OBSERVE ALL REQUIREMENTS OF THE AFFIRMATIVE FAIR HOUSING MARKETING PLAN AND MAINTAIN ALL RECORDS RELATED TO RENTAL COMPLIANCE; 3)OFFER FOR RENT, ALL UNITS AND MAINTAIN ALL RECORDS; 4)FURNISH ALL REPORTS TO ANY OVERSIGHT AGENCIES INCLUDING RURAL DEVELOPMENT; 5)MAINTAIN ACCOUNTING RECORDS OF THE ORGANIZATION; 6)ENFORCE ALL LEASES; 7)MAINTAIN AND REPAIR THE PROJECT; 8) MAKE ARRANGEMENTS FOR ALL UTILITIES; 8)KEEP PROJECT IN COMPLIANCE WITH ALL INSURANCE REQUIREMENTS; 9)PROVIDE FOR THE PAYMENT OF ALL TAXES, ASSESSSMENTS AND GOVERNMENT FEES; 10)EMPLOY PERSONS AND/OR SERVICES TO PERFORM DUTIES AND RESPONSIBILITIES AT THE PROJECT SITE; 11)MAINTAIN AND SAFEGUARD THE PROJECTS ACCOUNTS AND TENANT SECURITY DEPOSITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS RELIES ON THE TAX PREPARER FOR ACCRUATE REPORTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0529108
IRS990/TotalAssetsEOYAmt0507123
IRS990/TotalAssetsGrp/BOYAmt0529108
IRS990/TotalAssetsGrp/EOYAmt0507123
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035299
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0184163
IRS990/TotalFunctionalExpensesGrp/TotalAmt0219462
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0784561
IRS990/TotalLiabilitiesEOYAmt0796229
IRS990/TotalLiabilitiesGrp/BOYAmt0784561
IRS990/TotalLiabilitiesGrp/EOYAmt0796229
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-255453
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-289106
IRS990/TotalProgramServiceExpensesAmt0184163
IRS990/TotalProgramServiceRevenueAmt0185730
IRS990/TotalRevenueGrp/ExclusionAmt079
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0185730
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0185809
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0529108
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0507123
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-255453
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-289106
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10106 ARNESON ROAD
IRS990/USAddress/City0BARNEVELD
IRS990/USAddress/State0WI
IRS990/USAddress/ZIPCode053507
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PEGGY JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06089241016
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine10SUMMIT APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
ReturnHeader/Filer/EIN0391225718
ReturnHeader/Filer/PhoneNum06089241016
ReturnHeader/Filer/USAddress/AddressLine10106 ARNESON ROAD
ReturnHeader/Filer/USAddress/City0BARNEVELD
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode053507
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391628949
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10JOHNSON BLOCK & CO INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102500 BUSINESS PARK ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0MINERAL POINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode053565
ReturnHeader/PreparerPersonGrp/PhoneNum06089872206
ReturnHeader/PreparerPersonGrp/PreparationDt02014-08-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH G MOHLMANN
ReturnHeader/ReturnTs02014-09-23T17:52:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$507,123
Liabilities
$796,229
Net assets
-$289,106
Revenue
$185,809
Expenses
$219,462
Net income
-$33,653
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$1.88$1.19$3.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.82$8.51$3.70$2.50$2.41$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.78$8.57$3.79$2.53$2.29$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.46$8.50$4.04$2.40$2.44$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.51$8.51$3.99$2.24$2.69$0.46
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.78$8.32$3.54$2.20$2.32$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.82$8.24$3.42$2.18$2.33$0.14
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.87$8.15$3.28$2.27$2.47$0.20
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.18$8.25$3.08$1.99$2.17$0.19
2013Detailed filing. Detailed filing data is available for this year.$5.07$7.96$2.89$1.86$2.19$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.29$7.85$2.55$1.86
2011Summary only. Only limited summary data is available for this year.$5.47$7.72$2.25$1.39$1.79$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.73$7.58$1.85$1.79
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)4 • $500k-$1M nonprofits