Civic Intelligence

Booth Manor Two Inc.

990 • Fiscal year 2018 • EIN 39-1802991

Oct 01, 2017 to Sep 30, 2018 • Filed on Jul 23, 2019

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

45th percentile

0.06x

Higher debt load relative to assets than 45% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.27x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

22nd percentile

-8.7%

Higher net margin than 22% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$242,706

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 81.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

33rd percentile

-2.7%

Faster asset growth than 33% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

40th percentile

0.4%

Faster revenue growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,317,977

Down $37,196 (-2.7%) from 2017

Net Assets

Down

$1,237,151

Down $25,918 (-2.1%) from 2017

Liabilities

Down

$80,826

Down $11,278 (-12%) from 2017

Revenue

Up

$296,444

Up $1,171 (+0.4%) from 2017

Expenses

Up

$322,362

Up $28,463 (+9.7%) from 2017

Net Income

Down

-$25,918

Down $27,292 (-1986%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,547,564Liabilities 2010: $33,380Net Assets 2010: $1,514,1842010Assets 2011: $1,506,215Liabilities 2011: $23,669Net Assets 2011: $1,482,5462011Assets 2012: $1,484,225Liabilities 2012: $37,093Net Assets 2012: $1,447,1322012Assets 2013: $1,434,372Liabilities 2013: $28,343Net Assets 2013: $1,406,0292013Assets 2014: $1,390,758Liabilities 2014: $44,780Net Assets 2014: $1,345,9782014Assets 2015: $1,329,064Liabilities 2015: $45,829Net Assets 2015: $1,283,2352015Assets 2016: $1,308,088Liabilities 2016: $46,393Net Assets 2016: $1,261,6952016Assets 2017: $1,355,173Liabilities 2017: $92,104Net Assets 2017: $1,263,0692017Assets 2018: $1,317,977Liabilities 2018: $80,826Net Assets 2018: $1,237,1512018Assets 2019: $1,212,089Liabilities 2019: $40,248Net Assets 2019: $1,171,8412019Assets 2020: $1,221,298Liabilities 2020: $73,168Net Assets 2020: $1,148,1302020Assets 2021: $1,232,946Liabilities 2021: $116,993Net Assets 2021: $1,115,9532021Assets 2022: $1,104,167Liabilities 2022: $117,877Net Assets 2022: $986,2902022Assets 2023: $1,094,593Liabilities 2023: $153,516Net Assets 2023: $941,0772023Assets 2024: $923,540Liabilities 2024: $36,272Net Assets 2024: $887,2682024

Highlighted filing

2018

Assets$1,317,977
Liabilities$80,826
Net Assets$1,237,151

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $249,1312010Revenue 2011: $227,196Expenses 2011: $258,834Net Income 2011: -$31,6382011Expenses 2012: $264,6492012Revenue 2013: $229,820Expenses 2013: $270,923Net Income 2013: -$41,1032013Revenue 2014: $234,627Expenses 2014: $294,678Net Income 2014: -$60,0512014Revenue 2015: $244,679Expenses 2015: $307,422Net Income 2015: -$62,7432015Revenue 2016: $287,596Expenses 2016: $309,134Net Income 2016: -$21,5382016Revenue 2017: $295,273Expenses 2017: $293,899Net Income 2017: $1,3742017Revenue 2018: $296,444Expenses 2018: $322,362Net Income 2018: -$25,9182018Revenue 2019: $294,955Expenses 2019: $360,265Net Income 2019: -$65,3102019Revenue 2020: $306,060Expenses 2020: $329,771Net Income 2020: -$23,7112020Revenue 2021: $309,948Expenses 2021: $342,125Net Income 2021: -$32,1772021Revenue 2022: $314,008Expenses 2022: $443,671Net Income 2022: -$129,6632022Revenue 2023: $314,066Expenses 2023: $359,279Net Income 2023: -$45,2132023Revenue 2024: $321,276Expenses 2024: $375,085Net Income 2024: -$53,8092024

Highlighted filing

2018

Revenue$296,444
Expenses$322,362
Net Income-$25,918
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jul 23, 2019
Return Version
2017v2.2
Gross Receipts
$296,444
Mission and Program Overview

Mission

Provide low-income elderly persons and handicapped persons with housing facilities and services specially designed to meet their physical, social and psychological needs and to promote their health, security, happiness and usefulness in longer living.

Provide housing and service for low-income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,110,603$1,067,889▼ $42,714
Savings and Temporary Cash Investments$134,953$159,085▲ $24,132
Cash and Non-Interest-Bearing Accounts$16,560$76,169▲ $59,609
Accounts Receivable$449$192▼ $257
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$1,355,173$1,317,977▼ $37,196
Other Assets Total$92,608$14,642▼ $77,966
Liabilities
Other Liabilities$44,523$61,861▲ $17,338
Accounts Payable and Accrued Expenses$47,581$18,965▼ $28,616
Total Liabilities$92,104$80,826▼ $11,278
Net Assets / Fund Balance
Unrestricted Net Assets$1,263,069$1,237,151▼ $25,918
Total Net Assets Fund Balance$1,263,069$1,237,151▼ $25,918
Total Liabilities and Net Assets / Fund Balance$1,355,173$1,317,977▼ $37,196

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$720,215$845,947$1,566,162
Land$250,000-$250,000
Leasehold Improvements$97,674$98,756$196,430
Other Land Buildings-$62,558$62,558
Equipment-$43,956$43,956
Compensation and Service Providers

Employees

NameTitleOtherTotal
F Bradford BaileyPresident$57,099$57,099
Steven M HowardVice President$53,057$53,057
Richard T AmickTreasurer$52,511$52,511
Steve MerrittDirector$52,417$52,417
Renea SmithAsst Secretary$51,606$51,606
Beverly GatesAsst Treasurer$47,555$47,555
Philip MaxwellDirector$43,301$43,301

Board Members and Trustees

NameTitle
David E HudsonChairman
Bramwell E HigginsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$156,852
Program Service Revenue
$134,984
Investment Income
$150
Other Revenue
$4,458
Change in Net Assets
$-25,918

Audited Revenue Reconciliation

Revenue per Audited Statements
$296,444
Total Revenue per Audited Statements
$296,444
Total Revenue per Form 990
$296,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$227,594
Salaries, Compensation, and Employee Benefits$94,768
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,507$22,944-$78,451
Occupancy$66,132--$66,132
Office Expenses$32,672$19,305-$51,977
Depreciation Depletion$42,714--$42,714
Fees for Services Management-$22,464-$22,464
Other Expenses$20,430--$20,430
Insurance$11,826--$11,826
Fees for Services Accounting-$11,436-$11,436
Other Employee Benefits$10,650--$10,650
Payroll Taxes$5,667--$5,667
Advertising-$615-$615
Total Functional Expenses$245,598$76,764$0$322,362

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$322,362
Total Expenses per Audited Statements$322,362
Total Expenses per Form 990$322,362
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
Excess Project Funds-residual Receipts$47,219
Tenant Deposits Held in Trust$14,642
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 Two, 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 Two, 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 Two Inc
EIN
39-1802991
Phone
4143024300
Address
11315 W WATERTOWN PLANK ROAD, WAUWATOSA, WI 53226

Signing Officer

Name
Bramwell E Higgins
Title
Secretary
Signed
2019-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
F Bradford Bailey
Formed
1986
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, 2018 and 2017. 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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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0449838
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0134984
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0141086
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0106
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt094
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02724
IRS990ScheduleA/OtherIncome509Grp/TotalAmt07182
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0292443
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0196430
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/RevenueSubtotalAmt0296444
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 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, 2018 and 2017. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
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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.$0.92$0.04$0.89$0.32$0.38$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.09$0.15$0.94$0.31$0.36$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.10$0.12$0.99$0.31$0.44$0.13
2021Detailed filing. Detailed filing data is available for this year.$1.23$0.12$1.12$0.31$0.34$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.22$0.07$1.15$0.31$0.33$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.21$0.04$1.17$0.29$0.36$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.32$0.08$1.24$0.30$0.32$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.36$0.09$1.26$0.30$0.29$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.31$0.05$1.26$0.29$0.31$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.05$1.28$0.24$0.31$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.39$0.04$1.35$0.23$0.29$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.03$1.41$0.23$0.27$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.04$1.45$0.26
2011Summary only. Only limited summary data is available for this year.$1.51$0.02$1.48$0.23$0.26$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.03$1.51$0.25