Civic Intelligence

Ashby Apartment Association

EIN 41-1263729 • 501(c)4 • Elbow Lake, MN

Profile

Rental income and subsidy received from renting low to moderate income apartments. There are two buildings with nine one bendroom apartments and seven two bedroom apartments. This money is used to pay the operating costs of the apartments.

c/o GRANT CTY HRA 10 2nd St NEElbow Lake, MN 56531

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

0.93x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

4.21x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2018

Net Margin

16th percentile

-34%

Higher net margin than 16% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2018

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

501(c)4 • <$500k nonprofits • Source year 2017

Asset Growth

35th percentile

-8.7%

Faster asset growth than 35% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

57th percentile

3.8%

Faster revenue growth than 57% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$176,710

Down $16,848 (-8.7%) from 2017

Liabilities

Down

$163,562

Down $3,821 (-2.3%) from 2017

Net Assets

Down

$13,148

Down $13,027 (-50%) from 2017

Operations
Liabilities / Revenue99th percentileNet Margin16th percentile

Revenue

Up

$38,872

Up $1,412 (+3.8%) from 2017

Expenses

Up

$51,899

Up $4,344 (+9.1%) from 2017

Net Income

Down

-$13,027

Down $2,932 (-29%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $246,367Liabilities 2011: $105,141Net Assets 2011: $141,2262011Assets 2012: $235,683Liabilities 2012: $98,510Net Assets 2012: $137,1732012Assets 2013: $216,607Liabilities 2013: $91,448Net Assets 2013: $125,1592013Assets 2014: $205,495Liabilities 2014: $89,040Net Assets 2014: $116,4552014Assets 2015: $443,466Liabilities 2015: $343,486Net Assets 2015: $99,9802015Assets 2016: $206,944Liabilities 2016: $170,674Net Assets 2016: $36,2702016Assets 2017: $193,558Liabilities 2017: $167,383Net Assets 2017: $26,1752017Assets 2018: $176,710Liabilities 2018: $163,562Net Assets 2018: $13,1482018

Highlighted filing

2018

Assets$176,710
Liabilities$163,562
Net Assets$13,148
Open 2018 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2011: $71,517Expenses 2011: $78,987Net Income 2011: -$7,4702011Revenue 2012: $74,012Expenses 2012: $78,065Net Income 2012: -$4,0532012Revenue 2013: $73,587Expenses 2013: $85,601Net Income 2013: -$12,0142013Revenue 2014: $70,946Expenses 2014: $79,650Net Income 2014: -$8,7042014Revenue 2015: $68,228Expenses 2015: $84,703Net Income 2015: -$16,4752015Revenue 2016: $70,396Expenses 2016: $83,542Net Income 2016: -$13,1462016Revenue 2017: $37,460Expenses 2017: $47,555Net Income 2017: -$10,0952017Revenue 2018: $38,872Expenses 2018: $51,899Net Income 2018: -$13,0272018

Highlighted filing

2018

Revenue$38,872
Expenses$51,899
Net Income-$13,027
Open 2018 Filing

Filings

Most recent year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$176,710
Liabilities
$163,562
Net assets
$13,148
Revenue
$38,872
Expenses
$51,899
Net income
-$13,027
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$1.77$1.64$0.13$0.39$0.52$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.94$1.67$0.26$0.37$0.48$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.07$1.71$0.36$0.70$0.84$0.13
2015Detailed filing. Detailed filing data is available for this year.$4.43$3.43$1.00$0.68$0.85$0.16
2014Detailed filing. Detailed filing data is available for this year.$2.05$0.89$1.16$0.71$0.80$0.09
2013Detailed filing. Detailed filing data is available for this year.$2.17$0.91$1.25$0.74$0.86$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$0.99$1.37$0.74$0.78$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$1.05$1.41$0.72$0.79$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 13, 2019
Return Version
2018v3.1
Gross Receipts
$38,872
Mission and Program Overview

Mission

Rental income and subsidy received from renting low to moderate income apartments. There are two buildings with nine one bendroom apartments and seven two bedroom apartments. This money is used to pay the operating costs of the apartments.

Rental income and subsidy received from renting low to moderate income apartments. This money is used to pay the operating costs of the apartments.

Program Services

DescriptionGrantsExpenses
Ashby Apartment Association apartments which are rented to low and moderate income persons.$51,899-
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles AndersonPresident-$0--
Evelyn LangTreasurer-$0--
Tom GroverDirector-$0--
Kathy AkermanDirector-$0--
Bob BorenDirector-$0--
Kathleen JohnsonSecretary-$0--
Gene JensenDirector-$0--
Filing and Contact Details

Filer

Filer Name
Ashby Apartment Association
EIN
41-1263729
Phone
2186858240
Address
c/o GRANT CTY HRA 10 2nd St NE, ELBOW LAKE, MN 56531

Signing Officer

Name
Evelyn Lang
Title
Treasurer
Signed
2019-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Swenson Saurer Gerber Anderson & Co Ltd
Address
26 Central Avenue South, Elbow Lake, MN 56531
Preparer
Denise R Sundblad
Phone
2186855314
Supplemental Narrative

Additional Explanations

Other Revenue.1

“LAUNDRY INCOME $1814”

Other Expenses.1008

“Interest $1018”

Other Expenses.1009

“Depreciation $13676”

Other Expenses.1012

“Insurance $3953”

Other Expenses.1

“Contracted services/rprs/maint $5448”

Other Expenses.2

“REAL ESTATE TAX $2354”

Other Expenses.4

“MISCELLANEOUS $52”

Other Assets.1002

“Furniture and Fixtures - Beginning $5566 Furniture and Fixtures - Ending $3975”

Total Liabilities.1007

“Secured Mortgages and Notes Payable - Beginning $166358 Secured Mortgages and Notes Payable - Ending $162537”

Total Liabilities.1

“SECURITY DEPOSITS - Beginning $1025 SECURITY DEPOSITS - Ending $1025”

Raw XML Appendix142 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0GRANT CO HRA JAMES STANDISH
IRS990EZ/BooksInCareOfDetail/PhoneNum02186858240
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt010 2ND ST NE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ELBOW LAKE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd056531
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt032210
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt029038
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-13027
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt010223
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0193558
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0176710
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt038872
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt043
IRS990EZ/LandAndBuildingsGrp/BOYAmt0155782
IRS990EZ/LandAndBuildingsGrp/EOYAmt0143697
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt026175
IRS990EZ/NetAssetsOrFundBalancesEOYAmt013148
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt026175
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt013148
IRS990EZ/OccupancyRentUtltsAndMaintAmt014777
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Charles Anderson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Evelyn Lang
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Tom Grover
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Kathy Akerman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Bob Boren
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Kathleen Johnson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Gene Jensen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt05566
IRS990EZ/OtherAssetsTotalDetail/EOYAmt03975
IRS990EZ/OtherExpensesTotalAmt026501
IRS990EZ/OtherRevenueTotalAmt01814
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Rental income and subsidy received from renting low to moderate income apartments. This money is used to pay the operating costs of the apartments.
IRS990EZ/PrintingPublicationsPostageAmt0398
IRS990EZ/ProgramServiceRevenueAmt037015
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Ashby Apartment Association apartments which are rented to low and moderate income persons.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt051899
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0167383
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0163562
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt051899
IRS990EZ/TotalProgramServiceExpensesAmt051899
IRS990EZ/TotalRevenueAmt038872
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LAUNDRY INCOME $1814
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Interest $1018
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Depreciation $13676
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $3953
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACTED SERVICES/RPRS/MAINT $5448
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REAL ESTATE TAX $2354
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MISCELLANEOUS $52
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Furniture and Fixtures - Beginning $5566 Furniture and Fixtures - Ending $3975
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Secured Mortgages and Notes Payable - Beginning $166358 Secured Mortgages and Notes Payable - Ending $162537
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9SECURITY DEPOSITS - Beginning $1025 SECURITY DEPOSITS - Ending $1025
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Assets.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Total Liabilities.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Total Liabilities.1
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Evelyn Lang
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASHBY APARTMENT ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0ASHB
ReturnHeader/Filer/EIN0411263729
ReturnHeader/Filer/PhoneNum02186858240
ReturnHeader/Filer/USAddress/AddressLine1Txt0c/o GRANT CTY HRA 10 2nd St NE
ReturnHeader/Filer/USAddress/CityNm0ELBOW LAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056531
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0911315373
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Swenson Saurer Gerber Anderson & Co Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt026 Central Avenue South
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Elbow Lake
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056531
ReturnHeader/PreparerPersonGrp/PhoneNum02186855314
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Denise R Sundblad
ReturnHeader/ReturnTs02019-05-13T09:21:04-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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