Civic Intelligence

Booth Manor Inc.

990 • Fiscal year 2017 • EIN 39-1591829

Oct 01, 2016 to Sep 30, 2017 • Filed on May 22, 2018

11315 W Watertown Plank RoadWauwatosa, WI 53226

(414) 302-4300

Siviq Scores

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

Liabilities / Assets

96th percentile

1.44x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

3.09x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

44th percentile

1.5%

Higher net margin than 44% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

97th percentile

$234,396

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 58.2% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

41st percentile

0.4%

Faster asset growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

32nd percentile

-3.4%

Faster revenue growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$867,534

Up $3,738 (+0.4%) from 2016

Net Assets

Up

-$378,906

Up $5,852 (+1.5%) from 2016

Liabilities

Down

$1,246,440

Down $2,114 (-0.2%) from 2016

Revenue

Down

$402,778

Down $14,178 (-3.4%) from 2016

Expenses

Down

$396,926

Down $8,803 (-2.2%) from 2016

Net Income

Down

$5,852

Down $5,375 (-48%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $1,176,065Liabilities 2010: $1,422,830Net Assets 2010: -$246,7652010Assets 2011: $1,132,998Liabilities 2011: $1,392,022Net Assets 2011: -$259,0242011Assets 2012: $1,089,804Liabilities 2012: $1,380,034Net Assets 2012: -$290,2302012Assets 2013: $1,009,445Liabilities 2013: $1,341,243Net Assets 2013: -$331,7982013Assets 2014: $966,147Liabilities 2014: $1,323,431Net Assets 2014: -$357,2842014Assets 2015: $920,158Liabilities 2015: $1,316,144Net Assets 2015: -$395,9862015Assets 2016: $863,796Liabilities 2016: $1,248,554Net Assets 2016: -$384,7582016Assets 2017: $867,534Liabilities 2017: $1,246,440Net Assets 2017: -$378,9062017Assets 2018: $858,741Liabilities 2018: $1,205,432Net Assets 2018: -$346,6912018Assets 2019: $803,863Liabilities 2019: $1,144,715Net Assets 2019: -$340,8522019Assets 2020: $791,430Liabilities 2020: $1,117,846Net Assets 2020: -$326,4162020Assets 2021: $741,616Liabilities 2021: $1,056,805Net Assets 2021: -$315,1892021Assets 2022: $724,241Liabilities 2022: $1,013,852Net Assets 2022: -$289,6112022Assets 2023: $710,686Liabilities 2023: $976,454Net Assets 2023: -$265,7682023Assets 2024: $688,073Liabilities 2024: $898,249Net Assets 2024: -$210,1762024

Highlighted filing

2017

Assets$867,534
Liabilities$1,246,440
Net Assets-$378,906

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $350,261Expenses 2010: $370,705Net Income 2010: -$20,4442010Revenue 2011: $372,811Expenses 2011: $385,070Net Income 2011: -$12,2592011Revenue 2012: $371,560Expenses 2012: $402,766Net Income 2012: -$31,2062012Revenue 2013: $332,687Expenses 2013: $374,255Net Income 2013: -$41,5682013Revenue 2014: $378,874Expenses 2014: $404,360Net Income 2014: -$25,4862014Revenue 2015: $380,315Expenses 2015: $419,017Net Income 2015: -$38,7022015Revenue 2016: $416,956Expenses 2016: $405,729Net Income 2016: $11,2272016Revenue 2017: $402,778Expenses 2017: $396,926Net Income 2017: $5,8522017Revenue 2018: $416,879Expenses 2018: $384,664Net Income 2018: $32,2152018Revenue 2019: $416,959Expenses 2019: $407,227Net Income 2019: $9,7322019Revenue 2020: $429,328Expenses 2020: $414,892Net Income 2020: $14,4362020Revenue 2021: $430,386Expenses 2021: $419,159Net Income 2021: $11,2272021Revenue 2022: $449,619Expenses 2022: $424,041Net Income 2022: $25,5782022Revenue 2023: $464,070Expenses 2023: $440,227Net Income 2023: $23,8432023Revenue 2024: $485,698Expenses 2024: $430,106Net Income 2024: $55,5922024

Highlighted filing

2017

Revenue$402,778
Expenses$396,926
Net Income$5,852
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
May 22, 2018
Return Version
2016v3.0
Gross Receipts
$402,778
Mission and Program Overview

Mission

Provide housing for low and moderate income elderly and handicapped people.

Provide housing and service for low-income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$803,129$763,461▼ $39,668
Cash and Non-Interest-Bearing Accounts$13,157$46,979▲ $33,822
Savings and Temporary Cash Investments$32,452$39,992▲ $7,540
Pledges and Grants Receivable$3,698$5,892▲ $2,194
Accounts Receivable-$12-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$863,796$867,534▲ $3,738
Other Assets Total$11,360$11,198▼ $162
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,212,989$1,175,975▼ $37,014
Accounts Payable and Accrued Expenses$24,205$59,267▲ $35,062
Other Liabilities$11,360$11,198▼ $162
Total Liabilities$1,248,554$1,246,440▼ $2,114
Net Assets / Fund Balance
Unrestricted Net Assets$-384,758$-378,906▲ $5,852
Total Net Assets Fund Balance$-384,758$-378,906▲ $5,852
Total Liabilities and Net Assets / Fund Balance$863,796$867,534▲ $3,738

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$536,293$893,823$1,430,116
Leasehold Improvements$124,810$39,715$164,525
Land$94,026-$94,026
Equipment$8,332$69,497$77,829
Other Land Buildings-$35,392$35,392
Compensation and Service Providers

Employees

NameTitleOtherTotal
F Bradford BaileyPresident$129,933$129,933
Steven M HowardVice President$123,896$123,896
Paul D SmithDirector$79,849$79,849
Richard T AmickTreasurer$75,842$75,842
Steve MerrittDirector$74,943$74,943
Beverly GatesAsst. Treasurer$41,010$41,010

Board Members and Trustees

NameTitle
David E HudsonChairman
Paul R SeilerFormer President
Jeffrey J SmithFormer Vice President
Renea SmithAsst. Secretary
Ralph BukiewiczFormer Assistant Secretary
Richard HerivelFormer Assistant Treasurer
Bramwell E HigginsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$262,139
Program Service Revenue
$136,361
Investment Income
$64
Other Revenue
$4,214
All Other Contributions
$33,917
Change in Net Assets
$5,852

Audited Revenue Reconciliation

Revenue per Audited Statements
$402,778
Total Revenue per Audited Statements
$402,778
Total Revenue per Form 990
$402,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$294,887
Salaries, Compensation, and Employee Benefits$102,039
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$99,923--$99,923
Other Salaries and Wages$53,989$28,792-$82,781
Occupancy$59,698--$59,698
Office Expenses$23,087$23,489-$46,576
Depreciation Depletion$39,668--$39,668
Fees for Services Management-$23,040-$23,040
Other Employee Benefits$13,339--$13,339
Insurance$12,862--$12,862
Fees for Services Accounting-$12,300-$12,300
Payroll Taxes$5,919--$5,919
Advertising-$820-$820
Total Functional Expenses$308,485$88,441$0$396,926

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$396,926
Total Expenses per Audited Statements$396,926
Total Expenses per Form 990$396,926
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Deposits Held in Trust$11,198
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

The salvation army performs management functions for the organization.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The organization operates an apartment complex under section 202 of the national housing act. Items such as rent charges, major additions and renovations and cash distributions to officers and directors are subject to prior approval by the u.s. Department of housing and urban development.

Form 990, Part VI, Line 11B: Form 990 Review Process

The finished form 990 is reviewed by the organization's tax committee prior to it being filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Booth Manor, Inc. is an affiliate of Salvation Army. The conflict of interest policy of the Salvation Army governs the actions of directors and trustees of Booth Manor, Inc. The following is a description of Salvation Armys conflict of interest policy:In order to avoid any appearance that the judgment of a Salvation Army officer or employee has been influenced, it is the policy of the Salvation Army that Salvation Army officers, employees, members or their immediate family (spouse, children and parents) and other household members will not solicit or accept, directly or indirectly, any money, valuables, or favors from any person in circumstances which may affect, or appear to influence the officers or employees business judgment, including from any person who is or seeks to be a vendor of goods or services including consultants, to The Salvation Army (referred to in this policy as Vendors). No Salvation Army officer or employee will accept employment by, or act as a consultant to, any vendor. No Salvation Army Officer or employee or member of the immediate family or member of the household of any officer or employee, shall serve as a director or officer of, or have any financial interest in, any vendor, or accept any business opportunities, commissions, or other financial arrangements that are offered by vendors, or engage in any other conduct with vendors that might appear to compromise the officers or employees judgment or loyalty to The Salvation Army. For the sake of clarity, it shall not be a violation of this policy for officers or employees to receive from a vendor (A) Legitimate business related meals or (B) Entertainment, gifts or favors with an insubstantial or nominal value unless there is a reasonable possibility the item could be construed as quid pro quo for the retention of the vendor.Implementation: All Salvation Army officers will receive a copy of the foregoing policy. Such officers are also subject to various international orders and regulations, including the orders and regulations for the officers of The Salvation Army, which reinforce such policy and, in certain cases, impose more stringent requirements. Failure by a Salvation Army officer to comply with the policy or such orders and regulations will result in discipline, up to and including termination. The foregoing policy will also be included in The Salvation Army Central Territory employee manual, and all employees of The Salvation Army must sign a statement acknowledging receipt of, and agreeing to comply with, the policies in such manual. Any failure by an employee to comply with the policy will result in discipline by The Salvation Army, up to and including termination.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Booth Manor, Inc. makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Booth Manor Inc
EIN
39-1591829
Phone
4143024300
Address
11315 W WATERTOWN PLANK ROAD, WAUWATOSA, WI 53226

Signing Officer

Name
Bramwell E Higgins
Title
Secretary
Signed
2018-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
F Bradford Bailey
Formed
1992
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
1
Employees
0

Preparer

Firm
CNA Tax Professionals Inc
Address
8606 Allisonville Rd Ste 120, Indianapolis, IN 46250
Preparer
Shawn D Dreiman CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

FIN 48 (ASC 740) Footnote Schedule D, Part X, Line 2 The Corporation qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code; therefore, no provision for income taxes is recognized in the financial statements. It is exempt from income taxes under the provisions of Section 501(a) of the Code.In the event the Corporation was to lose its tax exempt status, income tax expense for the tax reporting entity would include federal and state taxes currently payable and deferred taxes arising from temporary differences between income for financial reporting and income tax purposes. No such differences existed as of September 30, 2017 and 2016. The Corporation adopted the standard for Accounting for Uncertainty in Income Taxes. The entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded. Federal and state tax authorities (if applicable) generally have the right to examine and audit the previous three years of tax returns filed.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.69$0.90$0.21$0.49$0.43$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.71$0.98$0.27$0.46$0.44$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.72$1.01$0.29$0.45$0.42$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$1.06$0.32$0.43$0.42$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.79$1.12$0.33$0.43$0.41$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.80$1.14$0.34$0.42$0.41$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.86$1.21$0.35$0.42$0.38$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.87$1.25$0.38$0.40$0.40$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.86$1.25$0.38$0.42$0.41$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.92$1.32$0.40$0.38$0.42$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.97$1.32$0.36$0.38$0.40$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$1.34$0.33$0.33$0.37$0.04
2012Summary only. Only limited summary data is available for this year.$1.09$1.38$0.29$0.37$0.40$0.03
2011Summary only. Only limited summary data is available for this year.$1.13$1.39$0.26$0.37$0.39$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$1.42$0.25$0.35$0.37$0.02