Civic Intelligence

Rio Housing Association Inc.

990 • Fiscal year 2017 • EIN 39-1897157

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 07, 2017

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

43rd percentile

0.02x

Higher debt load relative to assets than 43% of similar nonprofits.

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

Liabilities / Revenue

70th percentile

0.14x

Higher debt load relative to revenue than 70% of similar nonprofits.

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

Net Margin

9th percentile

-30%

Higher net margin than 9% of similar nonprofits.

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

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.

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

Asset Growth

27th percentile

-3.5%

Faster asset growth than 27% of similar nonprofits.

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

Revenue Growth

55th percentile

7.4%

Faster revenue growth than 55% of similar nonprofits.

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

Assets

Down

$830,778

Down $30,064 (-3.5%) from 2016

Net Assets

Down

$815,951

Down $31,789 (-3.7%) from 2016

Liabilities

Up

$14,827

Up $1,725 (+13%) from 2016

Revenue

Up

$105,579

Up $7,280 (+7.4%) from 2016

Expenses

Down

$137,368

Down $3,796 (-2.7%) from 2016

Net Income

Up

-$31,789

Up $11,076 (+26%) 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$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

2017

Assets$830,778
Liabilities$14,827
Net Assets$815,951

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

2017

Revenue$105,579
Expenses$137,368
Net Income-$31,789
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 7, 2017
Return Version
2016v3.0
Gross Receipts
$105,579
Mission and Program Overview

Mission

Provide housing to very low income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$790,456$759,864▼ $30,592
Investments Program Related$55,287$50,345▼ $4,942
Cash and Non-Interest-Bearing Accounts$5,922$8,587▲ $2,665
Prepaid Expenses and Deferred Charges$1,959$2,146▲ $187
Accounts Receivable$544$1,671▲ $1,127
Total Assets$860,842$830,778▼ $30,064
Other Assets Total$6,674$8,165▲ $1,491
Liabilities
Accounts Payable and Accrued Expenses$7,807$8,854▲ $1,047
Other Liabilities$5,295$5,973▲ $678
Total Liabilities$13,102$14,827▲ $1,725
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,297,200$1,297,200→ $0
Unrestricted Net Assets$-449,460$-481,249▼ $31,789
Total Net Assets Fund Balance$847,740$815,951▼ $31,789
Total Liabilities and Net Assets / Fund Balance$860,842$830,778▼ $30,064

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$675,524$536,097$1,211,621
Land$53,899-$53,899
Equipment$24,209$23,748$47,957
Other Land Buildings$6,232$33,156$39,388
Investment Program Related Org$5,037--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joan WittrockPresident & Director
Ann WalsvikDirector
Jeff BeckerDirector
Karrie LandsverkDirector
Rick KleistDirector
Sheila BahrDirector
Stanley StoffletDirector
Jerry TrautSecretary & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$105,526
Investment Income
$53
Other Revenue
$0
Change in Net Assets
$-31,789

Audited Revenue Reconciliation

Revenue per Audited Statements
$105,579
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$105,579
Total Revenue per Form 990
$105,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$112,447
Salaries, Compensation, and Employee Benefits$24,921
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$36,699--$36,699
Other Salaries and Wages$23,144--$23,144
Occupancy$22,356--$22,356
Fees for Services Management$11,096--$11,096
Fees for Services Accounting$9,515--$9,515
Insurance$9,189--$9,189
Office Expenses$2,118--$2,118
Payroll Taxes$1,777--$1,777
Other Expenses$815--$815
Advertising$783--$783
Total Functional Expenses$137,368$0$0$137,368

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$137,368
Total Expenses per Audited Statements$137,368
Total Expenses per Form 990$137,368
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$5,973
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 11B

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
Joan Wittrock
Title
President
Phone
6088384000
Signed
2017-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Wittrock
Formed
1997
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

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.

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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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt061
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt063
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0300
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0353058
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99800
IRS990ScheduleA/PublicSupportPY170Pct00.99780
IRS990ScheduleA/PublicSupportTotal170Amt0146722
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt034403
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt028720
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt034650
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt025996
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt022953
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0146722
IRS990ScheduleA/TotalSupportAmt0147022
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0675524
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0536097
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01211621
IRS990ScheduleD/EquipmentGrp/BookValueAmt024209
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023748
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt047957
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0137368
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt045308
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt15037
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt053899
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt053899
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06232
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt033156
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt039388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05973
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0105579
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0759864
IRS990ScheduleD/TotalBookValueProgramRltdAmt050345
IRS990ScheduleD/TotalExpensesPerForm990Amt0137368
IRS990ScheduleD/TotalLiabilityAmt05973
IRS990ScheduleD/TotalRevenuePerForm990Amt0105579
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0105579
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0137368
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 11B
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/TotalAssetsBOYAmt0860842
IRS990/TotalAssetsEOYAmt0830778
IRS990/TotalAssetsGrp/BOYAmt0860842
IRS990/TotalAssetsGrp/EOYAmt0830778
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0137368
IRS990/TotalFunctionalExpensesGrp/TotalAmt0137368
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013102
IRS990/TotalLiabilitiesEOYAmt014827
IRS990/TotalLiabilitiesGrp/BOYAmt013102
IRS990/TotalLiabilitiesGrp/EOYAmt014827
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0847740
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0815951
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0137368
IRS990/TotalProgramServiceRevenueAmt0105526
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt053
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0105526
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0105579
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0860842
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0830778
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-449460
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-481249
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 7354
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd0537077354
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOAN WITTROCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06088384000
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-07
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
ReturnHeader/Filer/USAddress/ZIPCd0537077354
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03B442AF573D5A532D68E3BF75167B73D161FDBA2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03B442AF573D5A532D68E3BF75167B73D161FDBA2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.112.190.84
ReturnHeader/FilingSecurityInformation/IPDt02017-12-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:39:33
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472118083
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AVALLON & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0819 S MAIN ST PO BOX 513
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DEFOREST

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2017Detailed filing. Detailed filing data is available for this year.$0.83$0.01$0.82$0.11$0.14$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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