Civic Intelligence

Summit Apartments Inc

990 • Fiscal year 2017 • EIN 39-1225718

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 18, 2018

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

98th percentile

1.74x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

3.78x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Net Margin

30th percentile

-5.3%

Higher net margin than 30% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Asset Growth

43rd percentile

-0.9%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

53rd percentile

0.9%

Faster revenue growth than 53% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$478,071

Down $4,280 (-0.9%) from 2016

Net Assets

Down

-$353,636

Down $11,710 (-3.4%) from 2016

Liabilities

Up

$831,707

Up $7,430 (+0.9%) from 2016

Revenue

Up

$220,314

Up $1,963 (+0.9%) from 2016

Expenses

Down

$232,024

Down $573 (-0.2%) from 2016

Net Income

Up

-$11,710

Up $2,536 (+18%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$478,071
Liabilities$831,707
Net Assets-$353,636

Operations Trend

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

2017

Revenue$220,314
Expenses$232,024
Net Income-$11,710
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 18, 2018
Return Version
2017v2.3
Gross Receipts
$220,314
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$373,064$360,669▼ $12,395
Cash and Non-Interest-Bearing Accounts$81,104$95,436▲ $14,332
Savings and Temporary Cash Investments$15,038$17,546▲ $2,508
Prepaid Expenses and Deferred Charges$11,911--
Accounts Receivable$1,234$4,420▲ $3,186
Total Assets$482,351$478,071▼ $4,280
Liabilities
Mortgage Notes Payable Secured by Investment Property$694,925$692,135▼ $2,790
Other Liabilities$126,445$136,402▲ $9,957
Accounts Payable and Accrued Expenses$2,907$3,170▲ $263
Total Liabilities$824,277$831,707▲ $7,430
Net Assets / Fund Balance
Unrestricted Net Assets$-341,926$-353,636▼ $11,710
Total Net Assets Fund Balance$-341,926$-353,636▼ $11,710
Total Liabilities and Net Assets / Fund Balance$482,351$478,071▼ $4,280

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$293,914$952,356$1,246,270
Equipment$36,313$156,482$192,795
Land$30,442-$30,442
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peggy JonesPresident
Arlene TheobaldDirector
Mary Ann BrindleyDirector
Rowena KirschbaumDirector
Mary Ann MyersSecretary
Tom TomawTreasurer
Robert SchallerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$220,179
Investment Income
$135
Other Revenue
$0
Change in Net Assets
$-11,710

Audited Revenue Reconciliation

Revenue per Audited Statements
$220,314
Total Revenue per Audited Statements
$220,314
Total Revenue per Form 990
$220,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$232,024
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$134,227--$134,227
Fees for Services Management-$37,520-$37,520
Depreciation Depletion$37,289--$37,289
Fees for Services Accounting-$8,370-$8,370
Insurance-$4,976-$4,976
Advertising$4,723--$4,723
Office Expenses$2,769--$2,769
Fees for Services Legal-$547-$547
Other Expenses$44$6-$6
Total Functional Expenses$179,934$52,090$0$232,024

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$232,024
Total Expenses per Audited Statements$232,024
Total Expenses per Form 990$232,024
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$124,308
Security Deposits Payable$9,789
Accrued Insurance$1,051
Prepaid Rents$826
Accrued Interest$428
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

Filer Name
Summit Apartments Inc
EIN
39-1225718
Phone
6089241016
Address
106 ARNESON ROAD, BARNEVELD, WI 53507

Signing Officer

Name
Peggy Jones
Title
President
Phone
6089241016
Signed
2018-07-18
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

Firm
Johnson Block & Co Inc
Address
2500 BUSINESS PARK ROAD, MINERAL POINT, WI 53565
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 2015.

Raw XML Appendix356 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/BOYAmt02907
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03170
IRS990/AccountsReceivableGrp/BOYAmt01234
IRS990/AccountsReceivableGrp/EOYAmt04420
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE SAFE, AFFORDABLE HOUSING TO LOW AND MODERATE INCOME SENIOR CITIZENS, AND HANDICAPPED AND DISABLED INDIVIDUALS.
IRS990/AdvertisingGrp/ProgramServicesAmt04723
IRS990/AdvertisingGrp/TotalAmt04723
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0WISCONSIN MANAGEMENT COMPANY INC
IRS990/BooksInCareOfDetail/PhoneNum06082582080
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04801 TRADEWINDS PARKWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0MADISON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053718
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt081104
IRS990/CashNonInterestBearingGrp/EOYAmt095436
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/CYInvestmentIncomeAmt0135
IRS990/CYOtherExpensesAmt0232024
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0220179
IRS990/CYRevenuesLessExpensesAmt0-11710
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0232024
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0220314
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt037289
IRS990/DepreciationDepletionGrp/TotalAmt037289
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/ExpenseAmt0179934
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08370
IRS990/FeesForServicesAccountingGrp/TotalAmt08370
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0547
IRS990/FeesForServicesLegalGrp/TotalAmt0547
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt037520
IRS990/FeesForServicesManagementGrp/TotalAmt037520
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
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/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0PEGGY JONES
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT SCHALLER
IRS990/Form990PartVIISectionAGrp/PersonNm2MARY ANN MYERS
IRS990/Form990PartVIISectionAGrp/PersonNm3TOM TOMAW
IRS990/Form990PartVIISectionAGrp/PersonNm4ARLENE THEOBALD
IRS990/Form990PartVIISectionAGrp/PersonNm5MARY ANN BRINDLEY
IRS990/Form990PartVIISectionAGrp/PersonNm6ROWENA KIRSCHBAUM
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0220314
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04976
IRS990/InsuranceGrp/TotalAmt04976
IRS990/InvestmentIncomeGrp/ExclusionAmt0135
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0135
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01108838
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0373064
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0360669
IRS990/LandBldgEquipCostOrOtherBssAmt01469507
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/BOYAmt0694925
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0692135
IRS990/NetAssetsOrFundBalancesBOYAmt0-341926
IRS990/NetAssetsOrFundBalancesEOYAmt0-353636
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0134227
IRS990/OccupancyGrp/TotalAmt0134227
IRS990/OfficeExpensesGrp/ProgramServicesAmt02769
IRS990/OfficeExpensesGrp/TotalAmt02769
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1OTHER ADMIN EXPENSE
IRS990/OtherExpensesGrp/Desc2MISC. RENTAL EXPENSES
IRS990/OtherExpensesGrp/Desc3CONCESSIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0671
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16
IRS990/OtherExpensesGrp/ProgramServicesAmt0882
IRS990/OtherExpensesGrp/ProgramServicesAmt144
IRS990/OtherExpensesGrp/TotalAmt0882
IRS990/OtherExpensesGrp/TotalAmt1671
IRS990/OtherExpensesGrp/TotalAmt244
IRS990/OtherExpensesGrp/TotalAmt36
IRS990/OtherLiabilitiesGrp/BOYAmt0126445
IRS990/OtherLiabilitiesGrp/EOYAmt0136402
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011911
IRS990/PrincipalOfficerNm0PEGGY JONES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4531190
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST REDUCTION PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc3TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc4INTEREST SUBSIDY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0180645
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt137549
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21046
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3690
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4249
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0180645
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt137549
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21046
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3690
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4249
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt098
IRS990/PYOtherExpensesAmt0232597
IRS990/PYProgramServiceRevenueAmt0218253
IRS990/PYRevenuesLessExpensesAmt0-14246
IRS990/PYTotalExpensesAmt0232597
IRS990/PYTotalRevenueAmt0218351
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-11710
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0220179
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015038
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017546
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0293914
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0952356
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01246270
IRS990ScheduleD/EquipmentGrp/BookValueAmt036313
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0156482
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0192795
IRS990ScheduleD/ExpensesSubtotalAmt0232024
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt030442
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030442
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0124308
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19789
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21051
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3826
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4428
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INTEREST EXPENSE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INSURANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PREPAID RENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED INTEREST
IRS990ScheduleD/RevenueSubtotalAmt0220314
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 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0360669
IRS990ScheduleD/TotalExpensesPerForm990Amt0232024
IRS990ScheduleD/TotalLiabilityAmt0136402
IRS990ScheduleD/TotalRevenuePerForm990Amt0220314
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0220314
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0232024
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/TotalAssetsBOYAmt0482351
IRS990/TotalAssetsEOYAmt0478071
IRS990/TotalAssetsGrp/BOYAmt0482351
IRS990/TotalAssetsGrp/EOYAmt0478071
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052090
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0179934
IRS990/TotalFunctionalExpensesGrp/TotalAmt0232024
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0824277
IRS990/TotalLiabilitiesEOYAmt0831707
IRS990/TotalLiabilitiesGrp/BOYAmt0824277
IRS990/TotalLiabilitiesGrp/EOYAmt0831707
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-341926
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-353636
IRS990/TotalProgramServiceExpensesAmt0179934
IRS990/TotalProgramServiceRevenueAmt0220179
IRS990/TotalRevenueGrp/ExclusionAmt0135
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0220179
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0220314
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0482351
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0478071
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-341926
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-353636
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0106 ARNESON ROAD
IRS990/USAddress/CityNm0BARNEVELD
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053507
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PEGGY JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06089241016
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUMMIT APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
ReturnHeader/Filer/EIN0391225718
ReturnHeader/Filer/PhoneNum06089241016
ReturnHeader/Filer/USAddress/AddressLine1Txt0106 ARNESON ROAD
ReturnHeader/Filer/USAddress/CityNm0BARNEVELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053507
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F6A9316069F615C2B2A1AAED53B8EB1B5BB73CB4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId032BFC3B4E56EEDA548D42C7914318640741A10C2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-10-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:53:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391628949
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHNSON BLOCK & CO INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02500 BUSINESS PARK ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINERAL POINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053565
ReturnHeader/PreparerPersonGrp/PhoneNum06089872206
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH G MOHLMANN
ReturnHeader/ReturnTs02018-10-12T14:53:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2017Detailed filing. Detailed filing data is available for this year.$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