Civic Intelligence

Sumac Trail Apartments Inc

990 • Fiscal year 2021 • EIN 39-1915496

Apr 01, 2020 to Mar 31, 2021 • Filed on Nov 16, 2021

1416 Cumming AveSuperior, WI 54880

(715) 394-6617

Siviq Scores

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

Liabilities / Assets

78th percentile

0.11x

Higher debt load relative to assets than 78% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

0.78x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

22nd percentile

-14%

Higher net margin than 22% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

38th percentile

-0.6%

Faster asset growth than 38% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

49th percentile

2.7%

Faster revenue growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$316,175

Down $2,007 (-0.6%) from 2020

Net Assets

Down

$281,920

Down $5,970 (-2.1%) from 2020

Liabilities

Up

$34,255

Up $3,963 (+13%) from 2020

Revenue

Up

$44,122

Up $1,162 (+2.7%) from 2020

Expenses

Up

$50,092

Up $4,218 (+9.2%) from 2020

Net Income

Down

-$5,970

Down $3,056 (-105%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $376,224Liabilities 2012: $28,767Net Assets 2012: $347,4572012Assets 2013: $363,786Liabilities 2013: $28,171Net Assets 2013: $335,6152013Assets 2014: $356,126Liabilities 2014: $27,995Net Assets 2014: $328,1312014Assets 2015: $357,005Liabilities 2015: $27,782Net Assets 2015: $329,2232015Assets 2016: $353,914Liabilities 2016: $27,312Net Assets 2016: $326,6022016Assets 2017: $354,375Liabilities 2017: $34,100Net Assets 2017: $320,2752017Assets 2018: $342,622Liabilities 2018: $40,670Net Assets 2018: $301,9522018Assets 2019: $319,803Liabilities 2019: $28,999Net Assets 2019: $290,8042019Assets 2020: $318,182Liabilities 2020: $30,292Net Assets 2020: $287,8902020Assets 2021: $316,175Liabilities 2021: $34,255Net Assets 2021: $281,9202021Assets 2022: $327,076Liabilities 2022: $40,834Net Assets 2022: $286,2422022Assets 2023: $313,528Liabilities 2023: $33,103Net Assets 2023: $280,4252023Assets 2024: $306,905Liabilities 2024: $34,625Net Assets 2024: $272,2802024Assets 2025: $306,416Liabilities 2025: $41,769Net Assets 2025: $264,6472025

Highlighted filing

2021

Assets$316,175
Liabilities$34,255
Net Assets$281,920

Operations Trend

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

$100K$50K$0-$50KRevenue 2012: $41,538Expenses 2012: $51,840Net Income 2012: -$10,3022012Revenue 2013: $43,513Expenses 2013: $55,355Net Income 2013: -$11,8422013Revenue 2014: $43,359Expenses 2014: $50,843Net Income 2014: -$7,4842014Revenue 2015: $43,200Expenses 2015: $42,108Net Income 2015: $1,0922015Revenue 2016: $42,617Expenses 2016: $45,238Net Income 2016: -$2,6212016Revenue 2017: $43,535Expenses 2017: $49,862Net Income 2017: -$6,3272017Revenue 2018: $43,879Expenses 2018: $62,202Net Income 2018: -$18,3232018Revenue 2019: $37,932Expenses 2019: $49,080Net Income 2019: -$11,1482019Revenue 2020: $42,960Expenses 2020: $45,874Net Income 2020: -$2,9142020Revenue 2021: $44,122Expenses 2021: $50,092Net Income 2021: -$5,9702021Revenue 2022: $44,334Expenses 2022: $40,012Net Income 2022: $4,3222022Revenue 2023: $45,176Expenses 2023: $50,993Net Income 2023: -$5,8172023Revenue 2024: $50,319Expenses 2024: $58,464Net Income 2024: -$8,1452024Revenue 2025: $50,742Expenses 2025: $58,375Net Income 2025: -$7,6332025

Highlighted filing

2021

Revenue$44,122
Expenses$50,092
Net Income-$5,970
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Nov 16, 2021
Return Version
2020v4.0
Gross Receipts
$44,122
Mission and Program Overview

Mission

Creating homes by bringing safe and affordable housing opportunities to persons with disabilities

Subsidized housing for low income persons with chronic mental illness

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$251,585$241,434▼ $10,151
Savings and Temporary Cash Investments$46,865$50,912▲ $4,047
Intangible Assets$13,838$13,257▼ $581
Cash and Non-Interest-Bearing Accounts$4,981$9,569▲ $4,588
Prepaid Expenses and Deferred Charges$842$1,003▲ $161
Accounts Receivable$71--
Total Assets$318,182$316,175▼ $2,007
Liabilities
Other Liabilities$22,851$22,851→ $0
Accounts Payable and Accrued Expenses$7,441$11,404▲ $3,963
Total Liabilities$30,292$34,255▲ $3,963
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$287,890$281,920▼ $5,970
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$287,890$281,920▼ $5,970
Total Liabilities and Net Assets / Fund Balance$318,182$316,175▼ $2,007

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$221,634$184,411$406,045
Land$19,800-$19,800
Equipment$0$4,608$4,608
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard MoranPresident
Michael WelchVice President
James EricksonBoard Director
Mary Ann RotondiBoard Director
Sarah PetersonSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,772
Program Service Revenue
$22,303
Investment Income
$47
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$-5,970
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,495
Salaries, Compensation, and Employee Benefits$8,597
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$21,868--$21,868
Depreciation Depletion$10,732--$10,732
Other Salaries and Wages$4,914$2,007-$6,921
Payments to Affiliates-$4,007-$4,007
Office Expenses$1,398$1,397-$2,795
Insurance$1,063--$1,063
Other Employee Benefits$752$307-$1,059
Other Expenses$0$692$0$692
Payroll Taxes$438$179-$617
Advertising$190--$190
Travel$148--$148
Total Functional Expenses$41,503$8,589$0$50,092
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
Loan payable to Catholic Charities Bureau$22,851
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Section A, Line 3

The management function has been contracted with Catholic Charities Bureau, Inc., a related party.

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

The Board of Directors of Catholic Charities Bureau, Inc. appoints the Board Directors of Sumac Trail Apartments, Inc.

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

The Sumac Trail Apartments, Inc. corporate entity cannot be dissolved without the approval of Catholic Charities Bureau, Inc.

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

Form 990 is reviewed by the Board of Directors at a regularly scheduled meeting which may occur following the submission of Form 990 to the Internal Revenue Service.

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

Form 990 is reviewed by the Board of Directors at a regularly scheduled meeting which may occur following the submission of Form 990 to the Internal Revenue Service.

Form 990, Part VI, Section B, Line 15

All salaries are subject to approval by the Board of Directors.

Form 990, Part VI, Section C, Line 19

All requests for information are processed based on the merits of each circumstance.

Filing and Contact Details

Filer

Filer Name
Sumac Trail Apartments Inc
EIN
39-1915496
Phone
7153946617
Address
1416 Cumming Ave, Superior, WI 54880

Signing Officer

Name
Shannon Grayson
Title
Director of Housing
Phone
7153947741
Signed
2021-11-16

Organization Details

Principal Officer
Alan Rock
Formed
2003
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 1C

No gaming (gambling) activities.

Form 990, Part V, Line 2B

All wages and withheld payroll taxes were reported to the Internal Revenue Service by Catholic Charities Bureau, Inc., EIN 39-0940744. Catholic Charities Bureau is our parent organization and provides payroll services to the organization.

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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt022303
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt020447
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt019218
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt020852
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt019280
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0102100
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.51837
IRS990ScheduleA/PublicSupportPY170Pct00.53215
IRS990ScheduleA/PublicSupportTotal170Amt0110116
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt021772
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt022471
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt018673
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt022988
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt024212
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0110116
IRS990ScheduleA/TotalSupportAmt0212428
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0221634
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0184411
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0406045
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04608
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04608
IRS990ScheduleD/LandGrp/BookValueAmt019800
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt019800
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022851
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Loan payable to Catholic Charities Bureau
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0241434
IRS990ScheduleD/TotalLiabilityAmt022851
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No gaming (gambling) activities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All wages and withheld payroll taxes were reported to the Internal Revenue Service by Catholic Charities Bureau, Inc., EIN 39-0940744. Catholic Charities Bureau is our parent organization and provides payroll services to the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The management function has been contracted with Catholic Charities Bureau, Inc., a related party.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors of Catholic Charities Bureau, Inc. appoints the Board Directors of Sumac Trail Apartments, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Sumac Trail Apartments, Inc. corporate entity cannot be dissolved without the approval of Catholic Charities Bureau, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990 is reviewed by the Board of Directors at a regularly scheduled meeting which may occur following the submission of Form 990 to the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Form 990 is reviewed by the Board of Directors at a regularly scheduled meeting which may occur following the submission of Form 990 to the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7All salaries are subject to approval by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8All requests for information are processed based on the merits of each circumstance.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 1c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part V, Line 2b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Catholic Diocese of Superior
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Catholic Charities Bureau Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0390940744
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Social Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(b)(1)(A)(vi)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01416 Cumming Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Superior
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd054880
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0318182
IRS990/TotalAssetsEOYAmt0316175
IRS990/TotalAssetsGrp/BOYAmt0318182
IRS990/TotalAssetsGrp/EOYAmt0316175
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt021772
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08589
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt041503
IRS990/TotalFunctionalExpensesGrp/TotalAmt050092
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030292
IRS990/TotalLiabilitiesEOYAmt034255
IRS990/TotalLiabilitiesGrp/BOYAmt030292

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$0.42$2.65$0.51$0.58$0.08
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.07$0.35$2.72$0.50$0.58$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.14$0.33$2.80$0.45$0.51$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$0.41$2.86$0.44$0.40$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.16$0.34$2.82$0.44$0.50$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.18$0.30$2.88$0.43$0.46$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$0.29$2.91$0.38$0.49$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$0.41$3.02$0.44$0.62$0.18
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$0.34$3.20$0.44$0.50$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.54$0.27$3.27$0.43$0.45$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.57$0.28$3.29$0.43$0.42$0.01
2014Summary only. Only limited summary data is available for this year.$3.56$0.28$3.28$0.43$0.51$0.07
2013Summary only. Only limited summary data is available for this year.$3.64$0.28$3.36$0.44$0.55$0.12
2012Summary only. Only limited summary data is available for this year.$3.76$0.29$3.47$0.42$0.52$0.10