Civic Intelligence

Luther Knoll Inc.

990 • Fiscal year 2020 • EIN 39-1874478

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 27, 2021

2 E Mifflin Street No 801Madison, WI 53719-1048

(608) 663-6390

Siviq Scores

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

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

59th percentile

0.20x

Higher debt load relative to revenue than 59% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

14th percentile

-23%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

29th percentile

-0.8%

Faster asset growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

0.4%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,911,272

Down $15,813 (-0.8%) from 2019

Net Assets

Down

$1,859,387

Down $30,748 (-1.6%) from 2019

Liabilities

Up

$51,885

Up $14,935 (+40%) from 2019

Revenue

Up

$256,299

Up $1,078 (+0.4%) from 2019

Expenses

Up

$315,238

Up $28,936 (+10%) from 2019

Net Income

Down

-$58,939

Down $27,858 (-90%) from 2019

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$0Assets 2010: $2,341,082Liabilities 2010: $29,313Net Assets 2010: $2,311,7692010Assets 2011: $2,294,909Liabilities 2011: $26,837Net Assets 2011: $2,268,0722011Assets 2012: $2,228,478Liabilities 2012: $24,807Net Assets 2012: $2,203,6712012Assets 2013: $2,158,371Liabilities 2013: $26,273Net Assets 2013: $2,132,0982013Assets 2014: $2,088,102Liabilities 2014: $28,013Net Assets 2014: $2,060,0892014Assets 2015: $2,028,050Liabilities 2015: $36,005Net Assets 2015: $1,992,0452015Assets 2016: $2,021,424Liabilities 2016: $48,093Net Assets 2016: $1,973,3312016Assets 2017: $1,964,893Liabilities 2017: $35,668Net Assets 2017: $1,929,2252017Assets 2018: $1,957,679Liabilities 2018: $36,463Net Assets 2018: $1,921,2162018Assets 2019: $1,927,085Liabilities 2019: $36,950Net Assets 2019: $1,890,1352019Assets 2020: $1,911,272Liabilities 2020: $51,885Net Assets 2020: $1,859,3872020Assets 2021: $1,842,389Liabilities 2021: $41,585Net Assets 2021: $1,800,8042021Assets 2022: $1,803,737Liabilities 2022: $64,237Net Assets 2022: $1,739,5002022Assets 2023: $1,749,280Liabilities 2023: $45,412Net Assets 2023: $1,703,8682023Assets 2024: $1,689,641Liabilities 2024: $34,622Net Assets 2024: $1,655,0192024

Highlighted filing

2020

Assets$1,911,272
Liabilities$51,885
Net Assets$1,859,387

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $235,5592010Revenue 2011: $179,575Expenses 2011: $223,272Net Income 2011: -$43,6972011Expenses 2012: $242,5052012Revenue 2013: $175,553Expenses 2013: $247,126Net Income 2013: -$71,5732013Revenue 2014: $191,499Expenses 2014: $263,508Net Income 2014: -$72,0092014Revenue 2015: $201,710Expenses 2015: $269,754Net Income 2015: -$68,0442015Revenue 2016: $280,046Expenses 2016: $298,760Net Income 2016: -$18,7142016Revenue 2017: $231,273Expenses 2017: $275,379Net Income 2017: -$44,1062017Revenue 2018: $275,802Expenses 2018: $283,811Net Income 2018: -$8,0092018Revenue 2019: $255,221Expenses 2019: $286,302Net Income 2019: -$31,0812019Revenue 2020: $256,299Expenses 2020: $315,238Net Income 2020: -$58,9392020Revenue 2021: $266,365Expenses 2021: $324,948Net Income 2021: -$58,5832021Revenue 2022: $274,252Expenses 2022: $335,556Net Income 2022: -$61,3042022Revenue 2023: $314,134Expenses 2023: $349,766Net Income 2023: -$35,6322023Revenue 2024: $316,409Expenses 2024: $365,258Net Income 2024: -$48,8492024

Highlighted filing

2020

Revenue$256,299
Expenses$315,238
Net Income-$58,939
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 27, 2021
Return Version
2020v4.1
Gross Receipts
$256,299
Mission and Program Overview

Mission

Provide affordable housing for low-income senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,802,511$1,759,103▼ $43,408
Cash and Non-Interest-Bearing Accounts$27,372$20,637▼ $6,735
Prepaid Expenses and Deferred Charges-$14,169-
Accounts Receivable$3,683$118▼ $3,565
Total Assets$1,927,085$1,911,272▼ $15,813
Other Assets Total$93,519$117,245▲ $23,726
Liabilities
Other Liabilities$19,353$18,665▼ $688
Accounts Payable and Accrued Expenses$16,705$18,527▲ $1,822
Deferred Revenue$892$14,693▲ $13,801
Total Liabilities$36,950$51,885▲ $14,935
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,033,200$3,033,200→ $0
Net Assets Without Donor Restrictions$-1,143,065$-1,173,813▼ $30,748
Total Net Assets Fund Balance$1,890,135$1,859,387▼ $30,748
Total Liabilities and Net Assets / Fund Balance$1,927,085$1,911,272▼ $15,813

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,534,137$1,432,133$2,966,270
Land$207,000-$207,000
Equipment$17,966$62,448$80,414
Other Assets Org$90,522--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joyce MarinaccioPresident
Kim WilkimsVice President
Craig SchledewitzDirector
Gene ZagerDirector
Jane RockDirector
Jerrilea Jay EldredgeDirector
Ken WellnitzDirector
Kevin KrebsDirector
Nancy BeaderstadtDirector
Ron PetersonDirector
Shari SchledewitzDirector
Tom SchovilleDirector
Ellen HogbinSecretary
John NewmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$256,289
Investment Income
$10
Other Revenue
$0
Change in Net Assets
$-58,939

Audited Revenue Reconciliation

Revenue per Audited Statements
$256,299
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$29,101
Total Revenue per Audited Statements
$285,400
Total Revenue per Form 990
$256,299
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$232,874
Salaries, Compensation, and Employee Benefits$82,364
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$78,104--$78,104
Occupancy$77,364--$77,364
Other Salaries and Wages$64,870--$64,870
Fees for Services Management-$26,413-$26,413
Fees for Services Accounting-$22,424-$22,424
Other Employee Benefits$14,432--$14,432
Insurance$10,600--$10,600
Office Expenses$6,589--$6,589
Payroll Taxes$3,062--$3,062
Advertising$1,636--$1,636
Conferences and Meetings$552--$552
All Other Expenses$4--$4
Other Expenses$483$4-$4
Total Functional Expenses$266,397$48,841$0$315,238

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$315,238
Total Expenses per Audited Statements$315,238
Total Expenses per Form 990$315,238
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Deposits Held in Trust$18,665
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Shari schledewitz, director, and craig schledewitz, director, are married.

Form 990, Part VI, Section A, Line 3

The organization delegated control over managment duties to cardinal capital management. The management company specializes in providing marketing, rental, collections, maintenance and repair, as well as other services for housing projects.

Form 990, Part VI, Section A, Line 6

A member of the corporation is any qualified congregation that elects to participate in conducting the affairs of the corporation by selecting at least one (1) voting delegate to represent such qualified congregation in conducting the corporation's affairs. Subject to the conditions of these by-laws, a qualified congregation may select its voting delegate(s) to represent the qualified congregation in any manner as that qualified congregation deems appropriate. A qualified congregation shall not be a member of the corporation unless it selects one or more voting delegates to represent the congregation in conducting the corporation's affairs, and notifies the corporation's board of such selection as provided herein. A qualified corporation shall be any congregation that is affiliated with the evangelical lutheran church of america (elca), and that has its principal place of worship situated in scott county, iowa. A qualified corporation is eligible to be a member of the corporation, but is not necessarily a member of the corporation. A statement of the names and addresses of the qualified congregations, as taken from the records of the southeast iowa synod of the elca as of the date of adoption of these bylaws. The statement separately identifies qualified congregations that are currently members of the corporation and qualified congregations that are not embers of the corporation at the time these by-laws are adopted.

Form 990, Part VI, Section A, Line 7A

The board of directors of each corporation shall consist of not more than fifteen (15) directors. The voting delegates may determine and change the number of director positions that are available to be filled from time to time. Each voting delegate shall be entitled to nominate for election, one or more persons to serve as board member(s) by submitting the name(s) and address(es) of the nominee(s) that the voting delegate desires to serve on the board. A member congregation (qualified congregation with at least one current voting delegate) may have more than one board member, and can nominate more than one person to serve on the board. Until changed by the voting delegates, the projects board shall have fifteen (15) positions. If one or more vacancies occur, the projects board shall consist of the number of established board positions less the number of vacancies until the vacancies are filled as provided herein.

Form 990, Part VI, Section B, Line 11B

The form 990, with all applicable schedules, is reviewed by the board of directors before it is filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Each year, all members of the board review the conflict of interest policy and procurement policy, which expands on the conflict of interest procedures.

Form 990, Part VI, Section C, Line 19

Luther knoll makes its governing documents, conflict of interest policy and financial statements available to the public upon request. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.

Filing and Contact Details

Filer

Filer Name
Luther Knoll Inc
EIN
39-1874478
Phone
6086636390
Address
2 E MIFFLIN STREET NO 801, MADISON, WI 53719-1048

Signing Officer

Name
Joyce Marinaccio
Title
President
Phone
6086636390
Signed
2021-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joyce Marinaccio
Formed
1996
Legal Domicile
Ia
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
10

Preparer

Firm
Baker Tilly US Llp
Address
777 E WISCONSIN AVENUE 32ND FLOOR, MILWAUKEE, WI 53202
Preparer
Troy Marine CPA
Phone
4147775500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Gain from involuntary conversion 28,191.

Financial Statement Notes

PART X, LINE 2:

The organization has been granted tax-exempt status under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes has been recognized in the financial statements. Management is unaware of any uncertain income tax positions at december 31, 2020 and 2019. Interest and penalties associated with income tax matters would be presented as components of income tax expense. There were no interest or penalty charges during 2020 and 2019.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Gain from involuntary conversion 29,101.

Raw XML AppendixShowing 400 of 566 raw XML fields

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0256299
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt010600
IRS990/InsuranceGrp/TotalAmt010600
IRS990/InvestmentIncomeGrp/ExclusionAmt010
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01494581
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01802511
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01759103
IRS990/LandBldgEquipCostOrOtherBssAmt03253684
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE ELDERLY OR DISABLED 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01890135
IRS990/NetAssetsOrFundBalancesEOYAmt01859387
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1143065
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1173813
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt077364
IRS990/OccupancyGrp/TotalAmt077364
IRS990/OfficeExpensesGrp/ProgramServicesAmt06589
IRS990/OfficeExpensesGrp/TotalAmt06589
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt093519
IRS990/OtherAssetsTotalGrp/EOYAmt0117245
IRS990/OtherChangesInNetAssetsAmt028191
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014432
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014432
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS TAXES AND
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04
IRS990/OtherExpensesGrp/ProgramServicesAmt06538
IRS990/OtherExpensesGrp/ProgramServicesAmt12163
IRS990/OtherExpensesGrp/ProgramServicesAmt2483
IRS990/OtherExpensesGrp/TotalAmt06538
IRS990/OtherExpensesGrp/TotalAmt12163
IRS990/OtherExpensesGrp/TotalAmt2483
IRS990/OtherExpensesGrp/TotalAmt34
IRS990/OtherLiabilitiesGrp/BOYAmt019353
IRS990/OtherLiabilitiesGrp/EOYAmt018665
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt064870
IRS990/OtherSalariesAndWagesGrp/TotalAmt064870
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03062
IRS990/PayrollTaxesGrp/TotalAmt03062
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014169
IRS990/PrincipalOfficerNm0JOYCE MARINACCIO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTS & TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc1TENANT ASSISTANCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0191763
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt164526
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0191763
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt164526
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09
IRS990/PYOtherExpensesAmt0209954
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0255212
IRS990/PYRevenuesLessExpensesAmt0-31081
IRS990/PYSalariesCompEmpBnftPaidAmt076348
IRS990/PYTotalExpensesAmt0286302
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0255221
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-58939
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0256289
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt040
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0256289
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0255212
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0275794
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0231266
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0280040
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01298601
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt040
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01298601
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0256289
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0255212
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0275794
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0231266
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0280040
IRS990ScheduleA/Total509Grp/TotalAmt01298601
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0256299
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0255221
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0275802
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0231273
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0280046
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01298641
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01534137
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01432133
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02966270
IRS990ScheduleD/EquipmentGrp/BookValueAmt017966
IRS990ScheduleD/EquipmentGrp/DepreciationAmt062448
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080414
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0315238
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0207000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0207000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt018886
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17837
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt290522
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherRevenueAmt029101
IRS990ScheduleD/RevenueNotReportedAmt029101
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0256299
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECOGNIZED IN THE FINANCIAL STATEMENTS. MANAGEMENT IS UNAWARE OF ANY UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2020 AND 2019. INTEREST AND PENALTIES ASSOCIATED WITH INCOME TAX MATTERS WOULD BE PRESENTED AS COMPONENTS OF INCOME TAX EXPENSE. THERE WERE NO INTEREST OR PENALTY CHARGES DURING 2020 AND 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAIN FROM INVOLUNTARY CONVERSION 29,101.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01759103
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0117245
IRS990ScheduleD/TotalExpensesPerForm990Amt0315238
IRS990ScheduleD/TotalLiabilityAmt018665
IRS990ScheduleD/TotalRevenuePerForm990Amt0256299
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0285400
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0315238
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHARI SCHLEDEWITZ, DIRECTOR, AND CRAIG SCHLEDEWITZ, DIRECTOR, ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DELEGATED CONTROL OVER MANAGMENT DUTIES TO CARDINAL CAPITAL MANAGEMENT. THE MANAGEMENT COMPANY SPECIALIZES IN PROVIDING MARKETING, RENTAL, COLLECTIONS, MAINTENANCE AND REPAIR, AS WELL AS OTHER SERVICES FOR HOUSING PROJECTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A MEMBER OF THE CORPORATION IS ANY QUALIFIED CONGREGATION THAT ELECTS TO PARTICIPATE IN CONDUCTING THE AFFAIRS OF THE CORPORATION BY SELECTING AT LEAST ONE (1) VOTING DELEGATE TO REPRESENT SUCH QUALIFIED CONGREGATION IN CONDUCTING THE CORPORATION'S AFFAIRS. SUBJECT TO THE CONDITIONS OF THESE BY-LAWS, A QUALIFIED CONGREGATION MAY SELECT ITS VOTING DELEGATE(S) TO REPRESENT THE QUALIFIED CONGREGATION IN ANY MANNER AS THAT QUALIFIED CONGREGATION DEEMS APPROPRIATE. A QUALIFIED CONGREGATION SHALL NOT BE A MEMBER OF THE CORPORATION UNLESS IT SELECTS ONE OR MORE VOTING DELEGATES TO REPRESENT THE CONGREGATION IN CONDUCTING THE CORPORATION'S AFFAIRS, AND NOTIFIES THE CORPORATION'S BOARD OF SUCH SELECTION AS PROVIDED HEREIN. A QUALIFIED CORPORATION SHALL BE ANY CONGREGATION THAT IS AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH OF AMERICA (ELCA), AND THAT HAS ITS PRINCIPAL PLACE OF WORSHIP SITUATED IN SCOTT COUNTY, IOWA. A QUALIFIED CORPORATION IS ELIGIBLE TO BE A MEMBER OF THE CORPORATION, BUT IS NOT NECESSARILY A MEMBER OF THE CORPORATION. A STATEMENT OF THE NAMES AND ADDRESSES OF THE QUALIFIED CONGREGATIONS, AS TAKEN FROM THE RECORDS OF THE SOUTHEAST IOWA SYNOD OF THE ELCA AS OF THE DATE OF ADOPTION OF THESE BYLAWS. THE STATEMENT SEPARATELY IDENTIFIES QUALIFIED CONGREGATIONS THAT ARE CURRENTLY MEMBERS OF THE CORPORATION AND QUALIFIED CONGREGATIONS THAT ARE NOT EMBERS OF THE CORPORATION AT THE TIME THESE BY-LAWS ARE ADOPTED.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.03$1.66$0.32$0.37$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.75$0.05$1.70$0.31$0.35$0.04
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.80$0.06$1.74$0.27$0.34$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.84$0.04$1.80$0.27$0.32$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.91$0.05$1.86$0.26$0.32$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.93$0.04$1.89$0.26$0.29$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.04$1.92$0.28$0.28$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.04$1.93$0.23$0.28$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$0.05$1.97$0.28$0.30$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$0.04$1.99$0.20$0.27$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.09$0.03$2.06$0.19$0.26$0.07
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$0.03$2.13$0.18$0.25$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.02$2.20$0.24
2011Summary only. Only limited summary data is available for this year.$2.29$0.03$2.27$0.18$0.22$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$0.03$2.31$0.24