Civic Intelligence

Peace Villa Inc

EIN 41-1328110 • 501(c)3 • Norwood Young America, MN

Profile

Provide low income housing to residents of western carver county who are 62 and above or handicapped.

308 N Faxon RdNorwood Young America, MN 55368

www.peacevillagenya.org

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.99x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

2.08x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

56th percentile

7.2%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

33rd percentile

-0.2%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

17%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$6,630,331

Down $15,385 (-0.2%) from 2023

Liabilities

Down

$6,589,193

Down $152,275 (-2.3%) from 2023

Net Assets

Up

$41,138

Up $136,890 (+143%) from 2023

Operations
Liabilities / Revenue91st percentileNet Margin56th percentile

Revenue

Up

$3,169,319

Up $464,943 (+17%) from 2023

Expenses

Up

$2,939,776

Up $468,956 (+19%) from 2023

Net Income

Down

$229,543

Down $4,013 (-1.7%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth33rd percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $1,295,422Liabilities 2011: $1,101,812Net Assets 2011: $193,6102011Assets 2012: $1,263,206Liabilities 2012: $1,068,491Net Assets 2012: $194,7152012Assets 2013: $1,220,911Liabilities 2013: $1,032,344Net Assets 2013: $188,5672013Assets 2014: $1,193,747Liabilities 2014: $995,966Net Assets 2014: $197,7812014Assets 2015: $8,764,457Liabilities 2015: $8,543,614Net Assets 2015: $220,8432015Assets 2016: $7,167,421Liabilities 2016: $7,332,301Net Assets 2016: -$164,8802016Assets 2017: $7,133,908Liabilities 2017: $7,406,837Net Assets 2017: -$272,9292017Assets 2018: $7,036,343Liabilities 2018: $7,292,856Net Assets 2018: -$256,5132018Assets 2019: $7,004,481Liabilities 2019: $7,110,733Net Assets 2019: -$106,2522019Assets 2020: $6,740,727Liabilities 2020: $6,890,387Net Assets 2020: -$149,6602020Assets 2021: $6,431,219Liabilities 2021: $6,675,234Net Assets 2021: -$244,0152021Assets 2022: $6,853,211Liabilities 2022: $7,062,898Net Assets 2022: -$209,6872022Assets 2023: $6,645,716Liabilities 2023: $6,741,468Net Assets 2023: -$95,7522023Assets 2024: $6,630,331Liabilities 2024: $6,589,193Net Assets 2024: $41,1382024

Highlighted filing

2024

Assets$6,630,331
Liabilities$6,589,193
Net Assets$41,138
Open 2024 Filing

Operations Trend

Revenue Growth67th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $430,3922011Expenses 2012: $369,1652012Revenue 2013: $371,877Expenses 2013: $373,046Net Income 2013: -$1,1692013Revenue 2014: $380,375Expenses 2014: $370,353Net Income 2014: $10,0222014Revenue 2015: $461,174Expenses 2015: $448,443Net Income 2015: $12,7312015Revenue 2016: $977,511Expenses 2016: $1,491,293Net Income 2016: -$513,7822016Revenue 2017: $2,054,765Expenses 2017: $2,181,615Net Income 2017: -$126,8502017Revenue 2018: $2,353,782Expenses 2018: $2,341,506Net Income 2018: $12,2762018Revenue 2019: $2,458,556Expenses 2019: $2,241,525Net Income 2019: $217,0312019Revenue 2020: $2,490,521Expenses 2020: $2,498,905Net Income 2020: -$8,3842020Revenue 2021: $2,296,351Expenses 2021: $2,358,196Net Income 2021: -$61,8452021Revenue 2022: $2,638,911Expenses 2022: $2,551,252Net Income 2022: $87,6592022Revenue 2023: $2,704,376Expenses 2023: $2,470,820Net Income 2023: $233,5562023Revenue 2024: $3,169,319Expenses 2024: $2,939,776Net Income 2024: $229,5432024

Highlighted filing

2024

Revenue$3,169,319
Expenses$2,939,776
Net Income$229,543
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,630,331
Liabilities
$6,589,193
Net assets
$41,138
Revenue
$3,169,319
Expenses
$2,939,776
Net income
$229,543
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.63$6.59$0.04$3.17$2.94$0.23
2023Detailed filing. Detailed filing data is available for this year.$6.65$6.74$0.10$2.70$2.47$0.23
2022Detailed filing. Detailed filing data is available for this year.$6.85$7.06$0.21$2.64$2.55$0.09
2021Detailed filing. Detailed filing data is available for this year.$6.43$6.68$0.24$2.30$2.36$0.06
2020Detailed filing. Detailed filing data is available for this year.$6.74$6.89$0.15$2.49$2.50$0.01
2019Detailed filing. Detailed filing data is available for this year.$7.00$7.11$0.11$2.46$2.24$0.22
2018Detailed filing. Detailed filing data is available for this year.$7.04$7.29$0.26$2.35$2.34$0.01
2017Detailed filing. Detailed filing data is available for this year.$7.13$7.41$0.27$2.05$2.18$0.13
2016Detailed filing. Detailed filing data is available for this year.$7.17$7.33$0.16$0.98$1.49$0.51
2015Detailed filing. Detailed filing data is available for this year.$8.76$8.54$0.22$0.46$0.45$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.19$1.00$0.20$0.38$0.37$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.22$1.03$0.19$0.37$0.37$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$1.07$0.19$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$1.10$0.19$0.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 25, 2025
Return Version
2024v5.0
Gross Receipts
$3,169,319
Mission and Program Overview

Mission

Provide low income housing to residents of western carver county who are 62 and above or handicapped.

See page 2, part iii, line 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,649,469$5,428,552▼ $220,917
Savings and Temporary Cash Investments$356,599$445,037▲ $88,438
Cash and Non-Interest-Bearing Accounts$233,645$365,984▲ $132,339
Intangible Assets$177,042$170,565▼ $6,477
Accounts Receivable$227,461$161,997▼ $65,464
Prepaid Expenses and Deferred Charges$1,500$58,196▲ $56,696
Total Assets$6,645,716$6,630,331▼ $15,385
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,611,736$6,364,165▼ $247,571
Accounts Payable and Accrued Expenses$111,722$207,018▲ $95,296
Other Liabilities$18,010$18,010→ $0
Total Liabilities$6,741,468$6,589,193▼ $152,275
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-95,752$41,138▲ $136,890
Total Net Assets Fund Balance$-95,752$41,138▲ $136,890
Total Liabilities and Net Assets / Fund Balance$6,645,716$6,630,331▼ $15,385

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,991,378$3,593,010$8,584,388
Other Land Buildings$145,920$406,681$552,601
Land$291,254-$291,254
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Curt WilsonPresident
Donna StackenBoard Member
Gary BierstedtBoard Member
John TrockeBoard Member
Josh KroellsBoard Member
Renee SchroederBoard Member
Pat ClarkSecretary
Tom SimmonsTreasurer
Perry ForstVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$66,129
Program Service Revenue
$3,095,105
Investment Income
$8,085
Other Revenue
$0
Change in Net Assets
$229,543

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,169,319
Total Revenue per Audited Statements
$3,169,319
Total Revenue per Form 990
$3,169,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,861,979
Salaries, Compensation, and Employee Benefits$77,797
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,216,334$39,135-$1,255,469
Occupancy$611,526$40,038-$651,564
Fees for Services Management$152,602$103,395-$255,997
Depreciation Depletion$179,936$16,799-$196,735
Interest$175,837$15,943-$191,780
Other Salaries and Wages$46,801$2,229-$49,030
Advertising$25,197$8,799-$33,996
Other Employee Benefits-$22,585-$22,585
Information Technology$16,156$5,385-$21,541
All Other Expenses$9,557$9,017-$18,574
Fees for Services Accounting-$12,394-$12,394
Fees for Services Legal$6,314$2,490-$8,804
Other Expenses$6,664$2,126-$8,790
Office Expenses$3,086$3,360-$6,446
Payroll Taxes-$6,182-$6,182
Travel$1,039--$1,039
Insurance$397$44-$441
Total Functional Expenses$2,637,656$302,120$0$2,939,776

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,032,429
Expenses per Audited Statements$2,939,776
Total Expenses per Form 990$2,939,776
Expenses Not Reported on Form 990$92,653
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
Security Deposits$18,010
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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
No

Governance Explanations

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

“The board reviews and discuss the 990 at its first meeting after the return is filed with the service center.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Peace Villa Inc
EIN
41-1328110
Phone
9524672167
Address
308 N FAXON RD, NORWOOD YOUNG AMERICA, MN 55368
Doing Business As
Peace Villa Apartments Inc

Signing Officer

Name
Curt Wilson
Title
President
Phone
9524672167
Signed
2025-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Curt Wilson
Formed
1977
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
3

Preparer

Firm
Burkhardt & Burkhardt Ltd
Address
430 S BROAD ST STE 100, MANKATO, MN 56001
Preparer
Jeffrey Burkhardt
Phone
5073871338
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Pso fees 1,200,084 33,718 0 consultant 16,250 5,417 0 total 1,216,334 39,135 0”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -92,653”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 92,653”

Schedule D, Page 4, Part XIII

“Peace villa inc (pv) is organized as a minnesota nonprofit corporation and is recognized by the internal revenue service (irs) as exempt from income taxes under section 501(c)(3) of the internal revenue code. In addition, pv has been determined by the internal revenue service not to be a private foundation within the meaning of section 509(a) of the internal revenue code and qualifies for the charitable contribution deduction under section 170(b)(i)(a)(vi). Pv is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, pv is subject to income tax on net income that is derived from business activities unrelated to its exempt purposes. Management has determined that pv is not subjected to unrelated business income tax and has not filed an exempt organization business income return (form 990-t) with the irs. The organization's policy is to recognize interest expense and penalties related to income tax matters within its provision for income taxes. Management of the organization believes there is appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements.”

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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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IRS990/OfficeExpensesGrp/TotalAmt06446
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IRS990/OtherExpensesGrp/Desc2DUES
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IRS990/PrincipalOfficerNm0CURT WILSON
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IRS990/ProgramServiceRevenueGrp/Desc0TENANT SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1APARTMENT RENT
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROJECT SOURCES
IRS990/ProgramServiceRevenueGrp/Desc3TENANT RENTAL ASSISTANCE
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IRS990/PYTotalRevenueAmt02704376
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0356599
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0445037
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt066600
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt091329
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0224232
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0515837
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08085
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03320
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01634
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0691
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt016694
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt012766931
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96870
IRS990ScheduleA/PublicSupportPY170Pct00.98370
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0224232
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IRS990ScheduleA/TotalSupportAmt0532531
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IRS990ScheduleD/BuildingsGrp/BookValueAmt04991378
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03593010
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08584388
IRS990ScheduleD/ExpensesNotReportedAmt092653
IRS990ScheduleD/ExpensesSubtotalAmt02939776
IRS990ScheduleD/LandGrp/BookValueAmt0291254
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0291254
IRS990ScheduleD/OtherExpensesIncludedAmt092653
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0145920
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0406681
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0552601
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt03169319
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 92,653
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PEACE VILLA INC (PV) IS ORGANIZED AS A MINNESOTA NONPROFIT CORPORATION AND IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, PV HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(I)(A)(VI). PV IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, PV IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THAT PV IS NOT SUBJECTED TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME RETURN (FORM 990-T) WITH THE IRS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST EXPENSE AND PENALTIES RELATED TO INCOME TAX MATTERS WITHIN ITS PROVISION FOR INCOME TAXES. MANAGEMENT OF THE ORGANIZATION BELIEVES THERE IS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleD/TotalExpensesPerForm990Amt02939776
IRS990ScheduleD/TotalLiabilityAmt018010
IRS990ScheduleD/TotalRevenuePerForm990Amt03169319
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03169319
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03032429
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS AND DISCUSS THE 990 AT ITS FIRST MEETING AFTER THE RETURN IS FILED WITH THE SERVICE CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PSO FEES 1,200,084 33,718 0 CONSULTANT 16,250 5,417 0 TOTAL 1,216,334 39,135 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE -92,653
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02637656
IRS990/TotalFunctionalExpensesGrp/TotalAmt02939776
IRS990/TotalGrossUBIAmt00
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IRS990/USAddress/AddressLine1Txt0308 N FAXON ROAD
IRS990/USAddress/CityNm0NORWOOD YOUNG AMERICA
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