Civic Intelligence

Calvary Development Apartments Inc.

990 • Fiscal year 2013 • EIN 39-1784362

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 14, 2014

3161 N Martin Luther King DrSuiteMilwaukee, WI 53212

(414) 372-1473

Siviq Scores

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

Liabilities / Assets

97th percentile

1.48x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

98th percentile

12.22x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

8th percentile

-35%

Higher net margin than 8% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

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.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

23rd percentile

-4.0%

Faster asset growth than 23% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$1,696,698

Down $71,022 (-4.0%) from 2012

Net Assets

Down

-$821,860

Down $71,721 (-9.6%) from 2012

Liabilities

Up

$2,518,558

Up $699 (+0.0%) from 2012

Revenue

$206,022

No earlier filing loaded for comparison.

Expenses

Up

$277,742

Up $37,364 (+16%) from 2012

Net Income

-$71,720

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2010: $1,844,975Liabilities 2010: $2,519,510Net Assets 2010: -$674,5352010Assets 2011: $1,796,853Liabilities 2011: $2,518,293Net Assets 2011: -$721,4402011Assets 2012: $1,767,720Liabilities 2012: $2,517,859Net Assets 2012: -$750,1392012Assets 2013: $1,696,698Liabilities 2013: $2,518,558Net Assets 2013: -$821,8602013Assets 2014: $1,638,188Liabilities 2014: $2,514,209Net Assets 2014: -$876,0212014Assets 2015: $1,578,673Liabilities 2015: $2,521,515Net Assets 2015: -$942,8422015Assets 2016: $1,543,630Liabilities 2016: $2,517,716Net Assets 2016: -$974,0862016Assets 2017: $1,501,918Liabilities 2017: $2,523,689Net Assets 2017: -$1,021,7712017Assets 2018: $1,458,904Liabilities 2018: $2,520,978Net Assets 2018: -$1,062,0742018Assets 2019: $1,249,524Liabilities 2019: $2,516,846Net Assets 2019: -$1,267,3222019Assets 2020: $1,218,933Liabilities 2020: $2,522,080Net Assets 2020: -$1,303,1472020Assets 2021: $1,197,797Liabilities 2021: $2,525,126Net Assets 2021: -$1,327,3292021Assets 2022: $1,163,010Liabilities 2022: $2,521,720Net Assets 2022: -$1,358,7102022Assets 2023: $1,114,491Liabilities 2023: $2,522,159Net Assets 2023: -$1,407,6682023Assets 2024: $1,071,399Liabilities 2024: $2,520,402Net Assets 2024: -$1,449,0032024

Highlighted filing

2013

Assets$1,696,698
Liabilities$2,518,558
Net Assets-$821,860

Operations Trend

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

$600K$400K$200K$0-$200K-$400KExpenses 2010: $230,6902010Expenses 2011: $246,6032011Expenses 2012: $240,3782012Revenue 2013: $206,022Expenses 2013: $277,742Net Income 2013: -$71,7202013Revenue 2014: $208,357Expenses 2014: $262,518Net Income 2014: -$54,1612014Revenue 2015: $208,167Expenses 2015: $274,988Net Income 2015: -$66,8212015Revenue 2016: $236,504Expenses 2016: $267,748Net Income 2016: -$31,2442016Revenue 2017: $237,869Expenses 2017: $285,554Net Income 2017: -$47,6852017Revenue 2018: $237,547Expenses 2018: $277,850Net Income 2018: -$40,3032018Revenue 2019: $234,399Expenses 2019: $439,647Net Income 2019: -$205,2482019Revenue 2020: $251,649Expenses 2020: $287,477Net Income 2020: -$35,8282020Revenue 2021: $276,237Expenses 2021: $300,419Net Income 2021: -$24,1822021Revenue 2022: $271,909Expenses 2022: $303,290Net Income 2022: -$31,3812022Revenue 2023: $273,396Expenses 2023: $322,354Net Income 2023: -$48,9582023Revenue 2024: $271,788Expenses 2024: $313,123Net Income 2024: -$41,3352024

Highlighted filing

2013

Revenue$206,022
Expenses$277,742
Net Income-$71,720
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 14, 2014
Return Version
2013v3.1
Gross Receipts
$206,022
Mission and Program Overview

Mission

Provide 40 units of low cost housing to the elderly and handicapped

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,533,361$1,523,529▼ $9,832
Savings and Temporary Cash Investments$194,465$149,636▼ $44,829
Cash and Non-Interest-Bearing Accounts$27,470$11,113▼ $16,357
Accounts Receivable$1,417$1,363▼ $54
Prepaid Expenses and Deferred Charges$648$683▲ $35
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,767,720$1,696,698▼ $71,022
Other Assets Total$10,359$10,374▲ $15
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,501,900$2,501,900→ $0
Other Liabilities$9,509$10,241▲ $732
Accounts Payable and Accrued Expenses$6,450$6,417▼ $33
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,517,859$2,518,558▲ $699
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-750,139$-821,860▼ $71,721
Total Net Assets Fund Balance$-750,139$-821,860▼ $71,721
Total Liabilities and Net Assets / Fund Balance$1,767,720$1,696,698▼ $71,022

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,469,831$987,223$2,457,054
Equipment$36,473$71,076$107,549
Other Land Buildings$1,312$64,288$65,600
Land$20,000-$20,000
Leasehold Improvements$1,211$2,181$3,392
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lafayette Mc KinneyPresident
George GaryVice President
Calvin AllenDirector
Carole CulbreathDirector
Curtis CraigDirector
Henry RobinsonDirector
Vanessa BrownDirector
Kenneth BynumSecretary
Rita L JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$107,895
Program Service Revenue
$96,689
Investment Income
$1,438
Other Revenue
$0
Change in Net Assets
$-71,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$217,504
Salaries, Compensation, and Employee Benefits$60,238
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$73,182$0$0$73,182
Other Expenses$71,574--$71,574
Other Salaries and Wages$52,886$0$0$52,886
Occupancy$31,048$0$0$31,048
Fees for Services Management$22,563$0$0$22,563
Insurance$8,161$0$0$8,161
Fees for Services Accounting$6,650$0$0$6,650
Payroll Taxes$4,912$0$0$4,912
Fees for Services Legal$4,032$0$0$4,032
Other Employee Benefits$2,440$0$0$2,440
Advertising$294$0$0$294
Total Functional Expenses$277,742$0$0$277,742
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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Tenant Deposits$10,241
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
Yes
Other officer compensation reviewed
Yes
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 Part VI Governance

The organization employed a management company TEAM Management to perform substantially all of the property management for the property. The 990 is reviewed by the board president and the president reviews with the board of directors. Conflicts of interests are discussed annually at the BOD and any board members are required to disclose any conflicts. The organization does not have any individual material salaries. The president of the organization serves on a volunteer basis.

Filing and Contact Details

Filer

EIN
39-1784362
In Care Of
% ANNE DARNELL CPA
Phone
4143721473

Signing Officer

Name
Lafayette Mckinney
Title
President
Signed
2014-08-14

Organization Details

Principal Officer
Lafayette McKinney
Formed
1986
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Preparer
Fay a Berry
Phone
4142646490
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02501900
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02501900
IRS990/NetAssetsOrFundBalancesBOYAmt0-750139
IRS990/NetAssetsOrFundBalancesEOYAmt0-821860
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt031048
IRS990/OccupancyGrp/TotalAmt031048
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010359
IRS990/OtherAssetsTotalGrp/EOYAmt010374
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02440
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02440
IRS990/OtherExpensesGrp/Desc0OPERATING & MAINTENANCE EXPENS
IRS990/OtherExpensesGrp/ProgramServicesAmt071574
IRS990/OtherExpensesGrp/TotalAmt071574
IRS990/OtherLiabilitiesGrp/BOYAmt09509
IRS990/OtherLiabilitiesGrp/EOYAmt010241
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt052886
IRS990/OtherSalariesAndWagesGrp/TotalAmt052886
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt04912
IRS990/PayrollTaxesGrp/TotalAmt04912
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0648
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0683
IRS990/PrincipalOfficerNm0Lafayette McKinney
IRS990/PriorPeriodAdjustmentsAmt0-1
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TENANT PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1VACANCIES
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY & VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0106185
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1-11082
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21586
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0106185
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-11082
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21586
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0107884
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01272
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0182911
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0102523
IRS990/PYRevenuesLessExpensesAmt0-28699
IRS990/PYSalariesCompEmpBnftPaidAmt057467
IRS990/PYTotalExpensesAmt0240378
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0211679
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-71720
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0194465
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0149636
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0107895
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0107884
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0101555
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0104904
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt093465
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0515703
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01438
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01272
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0254
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0174
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0786
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03924
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt096689
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0102523
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt098305
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt097876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt098213
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0493606
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01438
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01272
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0254
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0174
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0786
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03924
IRS990ScheduleA/InvestmentIncomeCYPct00.00387
IRS990ScheduleA/InvestmentIncomePYPct00.00307
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$2.52$1.45$0.27$0.31$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.11$2.52$1.41$0.27$0.32$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.16$2.52$1.36$0.27$0.30$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.20$2.53$1.33$0.28$0.30$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.22$2.52$1.30$0.25$0.29$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.25$2.52$1.27$0.23$0.44$0.21
2018Detailed filing. Detailed filing data is available for this year.$1.46$2.52$1.06$0.24$0.28$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.50$2.52$1.02$0.24$0.29$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.54$2.52$0.97$0.24$0.27$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.58$2.52$0.94$0.21$0.27$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.64$2.51$0.88$0.21$0.26$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.70$2.52$0.82$0.21$0.28$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$2.52$0.75$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$2.52$0.72$0.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$2.52$0.67$0.23