Civic Intelligence

Rio Housing Association Inc.

990 • Fiscal year 2016 • EIN 39-1897157

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 25, 2016

PO Box 7354Madison, WI 53707-7354

(608) 838-4000

Siviq Scores

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

Liabilities / Assets

41st percentile

0.02x

Higher debt load relative to assets than 41% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.13x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

8th percentile

-44%

Higher net margin than 8% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

26th percentile

-4.8%

Faster asset growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

25th percentile

-10%

Faster revenue growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$860,842

Down $43,181 (-4.8%) from 2015

Net Assets

Down

$847,740

Down $42,865 (-4.8%) from 2015

Liabilities

Down

$13,102

Down $316 (-2.4%) from 2015

Revenue

Down

$98,299

Down $11,426 (-10%) from 2015

Expenses

Up

$141,164

Up $14,537 (+11%) from 2015

Net Income

Down

-$42,865

Down $25,963 (-154%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,002,066Liabilities 2011: $10,318Net Assets 2011: $991,7482011Assets 2012: $983,395Liabilities 2012: $11,721Net Assets 2012: $971,6742012Assets 2013: $951,301Liabilities 2013: $12,606Net Assets 2013: $938,6952013Assets 2014: $920,249Liabilities 2014: $12,742Net Assets 2014: $907,5072014Assets 2015: $904,023Liabilities 2015: $13,418Net Assets 2015: $890,6052015Assets 2016: $860,842Liabilities 2016: $13,102Net Assets 2016: $847,7402016Assets 2017: $830,778Liabilities 2017: $14,827Net Assets 2017: $815,9512017Assets 2018: $809,421Liabilities 2018: $13,364Net Assets 2018: $796,0572018Assets 2019: $764,763Liabilities 2019: $14,295Net Assets 2019: $750,4682019Assets 2020: $744,011Liabilities 2020: $14,951Net Assets 2020: $729,0602020Assets 2021: $724,788Liabilities 2021: $23,237Net Assets 2021: $701,5512021Assets 2022: $683,057Liabilities 2022: $14,036Net Assets 2022: $669,0212022Assets 2023: $659,740Liabilities 2023: $14,511Net Assets 2023: $645,2292023Assets 2024: $640,099Liabilities 2024: $14,679Net Assets 2024: $625,4202024Assets 2025: $620,250Liabilities 2025: $17,175Net Assets 2025: $603,0752025

Highlighted filing

2016

Assets$860,842
Liabilities$13,102
Net Assets$847,740

Operations Trend

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

$200K$150K$100K$50K$0-$50KExpenses 2011: $112,0952011Expenses 2012: $117,4002012Revenue 2013: $92,287Expenses 2013: $125,266Net Income 2013: -$32,9792013Revenue 2014: $94,191Expenses 2014: $125,379Net Income 2014: -$31,1882014Revenue 2015: $109,725Expenses 2015: $126,627Net Income 2015: -$16,9022015Revenue 2016: $98,299Expenses 2016: $141,164Net Income 2016: -$42,8652016Revenue 2017: $105,579Expenses 2017: $137,368Net Income 2017: -$31,7892017Revenue 2018: $113,058Expenses 2018: $130,233Net Income 2018: -$17,1752018Revenue 2019: $112,641Expenses 2019: $150,919Net Income 2019: -$38,2782019Revenue 2020: $121,044Expenses 2020: $142,452Net Income 2020: -$21,4082020Revenue 2021: $123,263Expenses 2021: $150,772Net Income 2021: -$27,5092021Revenue 2022: $122,150Expenses 2022: $154,680Net Income 2022: -$32,5302022Revenue 2023: $126,707Expenses 2023: $150,499Net Income 2023: -$23,7922023Revenue 2024: $133,284Expenses 2024: $153,093Net Income 2024: -$19,8092024Revenue 2025: $134,150Expenses 2025: $156,495Net Income 2025: -$22,3452025

Highlighted filing

2016

Revenue$98,299
Expenses$141,164
Net Income-$42,865
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 25, 2016
Return Version
2015v2.1
Gross Receipts
$98,299
Mission and Program Overview

Mission

Provide housing to very low income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$822,064$790,456▼ $31,608
Investments Program Related$59,324$55,287▼ $4,037
Cash and Non-Interest-Bearing Accounts$13,047$5,922▼ $7,125
Prepaid Expenses and Deferred Charges$1,924$1,959▲ $35
Accounts Receivable$306$544▲ $238
Total Assets$904,023$860,842▼ $43,181
Other Assets Total$7,358$6,674▼ $684
Liabilities
Accounts Payable and Accrued Expenses$7,306$7,807▲ $501
Other Liabilities$6,112$5,295▼ $817
Total Liabilities$13,418$13,102▼ $316
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,297,200$1,297,200→ $0
Unrestricted Net Assets$-406,595$-449,460▼ $42,865
Total Net Assets Fund Balance$890,605$847,740▼ $42,865
Total Liabilities and Net Assets / Fund Balance$904,023$860,842▼ $43,181

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$706,485$505,136$1,211,621
Land$53,899-$53,899
Equipment$21,871$22,477$44,348
Other Land Buildings$8,201$31,187$39,388
Investment Program Related Org$12,016--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Russell SundePresident & Director
Ann WalsvikDirector
Jeffrey BeckerDirector
Joan WittrockDirector
Karrie LandsverkDirector
Rick KleistDirector
Sheila BahrDirector
Stanley StoffletDirector
Dr James NelsonSecretary & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$98,239
Investment Income
$60
Other Revenue
$0
Change in Net Assets
$-42,865

Audited Revenue Reconciliation

Revenue per Audited Statements
$98,299
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$98,299
Total Revenue per Form 990
$98,299
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$115,526
Salaries, Compensation, and Employee Benefits$25,638
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$36,168--$36,168
Other Salaries and Wages$23,881--$23,881
Occupancy$19,867--$19,867
Fees for Services Management$10,318--$10,318
Fees for Services Accounting$9,400--$9,400
Insurance$8,559--$8,559
Advertising$2,606--$2,606
Office Expenses$2,141--$2,141
Payroll Taxes$1,757--$1,757
Other Expenses$526--$526
Total Functional Expenses$141,164$0$0$141,164

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$141,164
Total Expenses per Audited Statements$141,164
Total Expenses per Form 990$141,164
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 Security Deposits$5,295
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, Part VI, Section A, Line 3

The organization has hired a management company to manage the day to day activities of the organization. The organization monitors the activities of the management company at its regular meetings.

Form 990, Part VI, Section B, Line 11

Form 990 is prsented to the organization's president for review prior to filing.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are made available to the public upon request. The organization does not have a written conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
The Rio Housing Association Inc
EIN
39-1897157
Phone
6088384000
Address
PO BOX 7354, MADISON, WI 53707-7354
Doing Business As
Covenant Place

Signing Officer

Name
Russell Sunde
Title
President
Phone
9209925684
Signed
2016-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell Sunde
Formed
1997
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
0

Preparer

Firm
Avallon & Associates LLC
Address
819 S MAIN ST PO BOX 513, DEFOREST, WI 53532
Preparer
Thomas G Bendt CPA
Phone
6088465491
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

The board of directors assumes responsibility for oversight of the audit of the financial statements and selects the independent auditors.

Raw XML AppendixShowing 400 of 414 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.

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IRS990/ReportProgramRelatedInvstInd01
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt028720
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt034650
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt025996
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt022953
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt026461
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0138780
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt060
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt063
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt061
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt063
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt062
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0309
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0352738
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99780
IRS990ScheduleA/PublicSupportPY170Pct00.99770
IRS990ScheduleA/PublicSupportTotal170Amt0138780
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt028720
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt034650
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt025996
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt022953
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt026461
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0138780
IRS990ScheduleA/TotalSupportAmt0139089
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0706485
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0505136
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01211621
IRS990ScheduleD/EquipmentGrp/BookValueAmt021871
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022477
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt044348
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0141164
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt043271
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt112016
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt053899
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt053899
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08201
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt031187
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt039388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05295
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt098299
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0790456
IRS990ScheduleD/TotalBookValueProgramRltdAmt055287
IRS990ScheduleD/TotalExpensesPerForm990Amt0141164
IRS990ScheduleD/TotalLiabilityAmt05295
IRS990ScheduleD/TotalRevenuePerForm990Amt098299
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt098299
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0141164
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS HIRED A MANAGEMENT COMPANY TO MANAGE THE DAY TO DAY ACTIVITIES OF THE ORGANIZATION. THE ORGANIZATION MONITORS THE ACTIVITIES OF THE MANAGEMENT COMPANY AT ITS REGULAR MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PRSENTED TO THE ORGANIZATION'S PRESIDENT FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTS THE INDEPENDENT AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01297200
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01297200
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0904023
IRS990/TotalAssetsEOYAmt0860842
IRS990/TotalAssetsGrp/BOYAmt0904023
IRS990/TotalAssetsGrp/EOYAmt0860842
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0141164
IRS990/TotalFunctionalExpensesGrp/TotalAmt0141164
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013418
IRS990/TotalLiabilitiesEOYAmt013102
IRS990/TotalLiabilitiesGrp/BOYAmt013418
IRS990/TotalLiabilitiesGrp/EOYAmt013102
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0890605
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0847740
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0141164
IRS990/TotalProgramServiceRevenueAmt098239
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt060
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt098239
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt098299
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0904023
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0860842
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-406595
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-449460
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0129 W HARVEY STREET
IRS990/USAddress/CityNm0RIO
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053960
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RUSSELL SUNDE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09209925684
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE RIO HOUSING ASSOCIATION INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O ACCORD PROPERTY MANAGEMENT
ReturnHeader/Filer/BusinessNameControlTxt0RIOH
ReturnHeader/Filer/EIN0391897157
ReturnHeader/Filer/PhoneNum06088384000
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 7354
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.02$0.60$0.13$0.16$0.02
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.01$0.63$0.13$0.15$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.01$0.65$0.13$0.15$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.01$0.67$0.12$0.15$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.02$0.70$0.12$0.15$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.01$0.73$0.12$0.14$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.01$0.75$0.11$0.15$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.01$0.80$0.11$0.13$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.01$0.82$0.11$0.14$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.01$0.85$0.10$0.14$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.01$0.89$0.11$0.13$0.02
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.92$0.01$0.91$0.09$0.13$0.03
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.95$0.01$0.94$0.09$0.13$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.01$0.97$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.01$0.99$0.11