Civic Intelligence

Home Ownership Made Easy Home Inc.

990 • Fiscal year 2018 • EIN 39-1922435

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 07, 2019

1428 N 9th StSheboygan, WI 53081

(920) 453-9444

Siviq Scores

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

Liabilities / Assets

74th percentile

0.23x

Higher debt load relative to assets than 74% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.68x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

73rd percentile

$63,999

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 24.3% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

50th percentile

1.5%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

56th percentile

6.9%

Faster revenue growth than 56% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$778,390

Up $11,240 (+1.5%) from 2017

Net Assets

Down

$598,834

Down $34,640 (-5.5%) from 2017

Liabilities

Up

$179,556

Up $45,880 (+34%) from 2017

Revenue

Up

$262,923

Up $16,881 (+6.9%) from 2017

Expenses

Up

$297,563

Up $30,070 (+11%) from 2017

Net Income

Down

-$34,640

Down $13,189 (-61%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $929,746Liabilities 2010: $248,933Net Assets 2010: $680,8132010Assets 2011: $897,837Liabilities 2011: $244,005Net Assets 2011: $653,8322011Assets 2012: $877,373Liabilities 2012: $210,172Net Assets 2012: $667,2012012Assets 2013: $861,712Liabilities 2013: $184,818Net Assets 2013: $676,8942013Assets 2014: $835,524Liabilities 2014: $173,310Net Assets 2014: $662,2142014Assets 2015: $823,738Liabilities 2015: $158,045Net Assets 2015: $665,6932015Assets 2016: $799,951Liabilities 2016: $145,026Net Assets 2016: $654,9252016Assets 2017: $767,150Liabilities 2017: $133,676Net Assets 2017: $633,4742017Assets 2018: $778,390Liabilities 2018: $179,556Net Assets 2018: $598,8342018Assets 2019: $743,234Liabilities 2019: $160,082Net Assets 2019: $583,1522019Assets 2020: $737,586Liabilities 2020: $159,611Net Assets 2020: $577,9752020Assets 2021: $732,643Liabilities 2021: $156,220Net Assets 2021: $576,4232021Assets 2022: $650,307Liabilities 2022: $132,372Net Assets 2022: $517,9352022Assets 2023: $641,880Liabilities 2023: $147,252Net Assets 2023: $494,6282023Assets 2024: $627,451Liabilities 2024: $149,341Net Assets 2024: $478,1102024

Highlighted filing

2018

Assets$778,390
Liabilities$179,556
Net Assets$598,834

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $205,1732010Expenses 2011: $244,0542011Expenses 2012: $213,0802012Revenue 2013: $242,061Expenses 2013: $232,368Net Income 2013: $9,6932013Revenue 2014: $228,797Expenses 2014: $243,477Net Income 2014: -$14,6802014Revenue 2015: $263,106Expenses 2015: $259,627Net Income 2015: $3,4792015Revenue 2016: $253,358Expenses 2016: $264,126Net Income 2016: -$10,7682016Revenue 2017: $246,042Expenses 2017: $267,493Net Income 2017: -$21,4512017Revenue 2018: $262,923Expenses 2018: $297,563Net Income 2018: -$34,6402018Revenue 2019: $277,258Expenses 2019: $292,940Net Income 2019: -$15,6822019Revenue 2020: $290,531Expenses 2020: $295,708Net Income 2020: -$5,1772020Revenue 2021: $306,456Expenses 2021: $308,008Net Income 2021: -$1,5522021Revenue 2022: $318,460Expenses 2022: $376,948Net Income 2022: -$58,4882022Revenue 2023: $315,551Expenses 2023: $338,858Net Income 2023: -$23,3072023Revenue 2024: $325,162Expenses 2024: $341,680Net Income 2024: -$16,5182024

Highlighted filing

2018

Revenue$262,923
Expenses$297,563
Net Income-$34,640
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$285,248
Mission and Program Overview

Mission

Providing affordable low income apartments with our facility and also transitional housing to low income individuals. In addition, we assist families with owning their first home through our home ownership program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$595,220$617,849▲ $22,629
Accounts Receivable$83,272$89,448▲ $6,176
Inventories for Sale or Use$72,180$72,435▲ $255
Prepaid Expenses and Deferred Charges$4,082$5,454▲ $1,372
Savings and Temporary Cash Investments$2,426$2,429▲ $3
Cash and Non-Interest-Bearing Accounts$9,970$-9,225▼ $19,195
Total Assets$767,150$778,390▲ $11,240
Liabilities
Mortgage Notes Payable Secured by Investment Property$120,675$167,060▲ $46,385
Accounts Payable and Accrued Expenses$11,201$10,696▼ $505
Deferred Revenue$1,800$1,800→ $0
Total Liabilities$133,676$179,556▲ $45,880
Net Assets / Fund Balance
Unrestricted Net Assets$633,474$598,834▼ $34,640
Total Net Assets Fund Balance$633,474$598,834▼ $34,640
Total Liabilities and Net Assets / Fund Balance$767,150$778,390▲ $11,240

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$455,936$242,300$698,236
Land$115,936-$115,936
Equipment$45,977$53,859$99,836
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Henry CapetilloExecutive DiFT$63,999$63,999

Board Members and Trustees

NameTitle
Susan HundleyPresident
Father Matthew WidderBoard Member
Frank OhmsBoard Member
Mary WeberSecretary
Lavinia VollrathTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,467
Program Service Revenue
$243,967
Investment Income
$-570
Other Revenue
$3,059
All Other Contributions
$16,467
Change in Net Assets
$-34,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$222,267
Salaries, Compensation, and Employee Benefits$68,867
Grants and Similar Amounts Paid$6,429
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$51,199$12,800-$63,999
Occupancy$54,988$6,110-$61,098
Depreciation Depletion$27,540$1,449-$28,989
All Other Expenses$19,505--$19,505
Travel$16,952$1,883-$18,835
Office Expenses$2,427$7,118-$9,545
Grants to Domestic Individuals$5,036--$5,036
Insurance$2,767$2,248-$5,015
Payroll Taxes$3,894$974-$4,868
Other Expenses$4,448--$4,448
Conferences and Meetings-$2,802-$2,802
Fees for Services Accounting-$2,600-$2,600
Information Technology-$1,768-$1,768
Fees for Services Legal$1,487--$1,487
Grants to Domestic Orgs$1,393--$1,393
Interest$1,338--$1,338
Total Functional Expenses$257,811$39,752$0$297,563
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
Yes
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is provided to the governing board before it is filed. The board reviews and approves the form 990 at a board meeting.

Form 990, Page 6, Part VI, Line 15A

The board determines pay for the executive director based on comparable data from other local nonprofit organizations and documents its decisions in the board meeting minutes.

Form 990, Page 6, Part VI, Line 19

Governing documents and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Home Ownership Made Easy
EIN
39-1922435
Phone
9204539444
Address
1428 N 9TH ST, SHEBOYGAN, WI 53081

Signing Officer

Name
Mary Weber
Title
Secretary
Phone
9204539444
Signed
2019-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Hundley
Formed
1998
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
100

Preparer

Firm
Corson Peterson & Hamann Sc
Address
2203 SOUTH MEMORIAL PLACE, SHEBOYGAN, WI 53081
Preparer
Greg Peterson
Phone
9204573641
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt05731
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt016880
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt015915
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt081999
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt024631
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt021612
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt021607
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt021653
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt020006
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0109509
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0236981
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0243687
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0212257
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01163165
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt024631
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt021612
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt021607
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt020006
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0109509
IRS990ScheduleA/InvestmentIncomeCYPct00.08000
IRS990ScheduleA/InvestmentIncomePYPct00.08000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/PublicSupportPY509Pct00.89780
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt010498
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt07145
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt05731
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt040524
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0253037
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0260567
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0228172
IRS990ScheduleA/Total509Grp/TotalAmt01245164
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0264566
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0274644
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0282220
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0248178
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01354673
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0455936
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0242300
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0698236
IRS990ScheduleD/EquipmentGrp/BookValueAmt045977
IRS990ScheduleD/EquipmentGrp/DepreciationAmt053859
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt099836
IRS990ScheduleD/LandGrp/BookValueAmt0115936
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0115936
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0617849
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FOOD SUPERIOR MANOR TENAN
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt05036
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0FOOD ITEMS
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO THE GOVERNING BOARD BEFORE IT IS FILED. THE BOARD REVIEWS AND APPROVES THE FORM 990 AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD DETERMINES PAY FOR THE EXECUTIVE DIRECTOR BASED ON COMPARABLE DATA FROM OTHER LOCAL NONPROFIT ORGANIZATIONS AND DOCUMENTS ITS DECISIONS IN THE BOARD MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalContributionsAmt016467
IRS990/TotalEmployeeCnt01
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0257811
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt0133676
IRS990/TotalLiabilitiesGrp/EOYAmt0179556
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0633474
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0598834
IRS990/TotalOtherCompensationAmt0359
IRS990/TotalProgramServiceExpensesAmt0257811
IRS990/TotalProgramServiceRevenueAmt0243967
IRS990/TotalRevenueGrp/ExclusionAmt02489
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0243967
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0262923
IRS990/TotalVolunteersCnt0100
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0778390
IRS990/TotReportableCompRltdOrgAmt063640
IRS990/TravelGrp/ManagementAndGeneralAmt01883
IRS990/TravelGrp/ProgramServicesAmt016952
IRS990/TravelGrp/TotalAmt018835
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0633474
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0632 MICHIGAN AVE

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.27$1.49$4.78$3.25$3.42$0.17
2023Detailed filing. Detailed filing data is available for this year.$6.42$1.47$4.95$3.16$3.39$0.23
2022Detailed filing. Detailed filing data is available for this year.$6.50$1.32$5.18$3.18$3.77$0.58
2021Detailed filing. Detailed filing data is available for this year.$7.33$1.56$5.76$3.06$3.08$0.02
2020Detailed filing. Detailed filing data is available for this year.$7.38$1.60$5.78$2.91$2.96$0.05
2019Detailed filing. Detailed filing data is available for this year.$7.43$1.60$5.83$2.77$2.93$0.16
2018Detailed filing. Detailed filing data is available for this year.$7.78$1.80$5.99$2.63$2.98$0.35
2017Detailed filing. Detailed filing data is available for this year.$7.67$1.34$6.33$2.46$2.67$0.21
2016Detailed filing. Detailed filing data is available for this year.$8.00$1.45$6.55$2.53$2.64$0.11
2015Detailed filing. Detailed filing data is available for this year.$8.24$1.58$6.66$2.63$2.60$0.03
2014Detailed filing. Detailed filing data is available for this year.$8.36$1.73$6.62$2.29$2.43$0.15
2013Detailed filing. Detailed filing data is available for this year.$8.62$1.85$6.77$2.42$2.32$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.77$2.10$6.67$2.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.98$2.44$6.54$2.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.30$2.49$6.81$2.05