Civic Intelligence

Congregate Housing Inc

990 • Fiscal year 2017 • EIN 41-1374964

Jan 01, 2017 to Dec 31, 2017 • Filed on May 09, 2018

PO Box 480Twin Valley, MN 56584

(218) 584-5181

Siviq Scores

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

Liabilities / Assets

97th percentile

1.89x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

5.55x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

14th percentile

-23%

Higher net margin than 14% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

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

Revenue Growth

29th percentile

-14%

Faster revenue growth than 29% of similar nonprofits.

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

Assets

Down

$310,990

Down $36,784 (-11%) from 2016

Net Assets

Down

-$276,459

Down $24,251 (-9.6%) from 2016

Liabilities

Down

$587,449

Down $12,533 (-2.1%) from 2016

Revenue

Down

$105,782

Down $16,724 (-14%) from 2016

Expenses

Down

$130,033

Down $7,744 (-5.6%) from 2016

Net Income

Down

-$24,251

Down $8,980 (-59%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $567,280Liabilities 2010: $647,266Net Assets 2010: -$79,9862010Assets 2011: $548,406Liabilities 2011: $635,869Net Assets 2011: -$87,4632011Assets 2012: $523,005Liabilities 2012: $713,479Net Assets 2012: -$190,4742012Assets 2013: $440,645Liabilities 2013: $649,851Net Assets 2013: -$209,2062013Assets 2014: $388,715Liabilities 2014: $611,373Net Assets 2014: -$222,6582014Assets 2015: $370,368Liabilities 2015: $607,305Net Assets 2015: -$236,9372015Assets 2016: $347,774Liabilities 2016: $599,982Net Assets 2016: -$252,2082016Assets 2017: $310,990Liabilities 2017: $587,449Net Assets 2017: -$276,4592017Assets 2018: $281,193Liabilities 2018: $574,222Net Assets 2018: -$293,0292018Assets 2019: $264,174Liabilities 2019: $545,933Net Assets 2019: -$281,7592019Assets 2020: $226,396Liabilities 2020: $539,366Net Assets 2020: -$312,9702020Assets 2021: $222,605Liabilities 2021: $527,151Net Assets 2021: -$304,5462021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2017

Assets$310,990
Liabilities$587,449
Net Assets-$276,459

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $154,7222010Revenue 2011: $142,596Expenses 2011: $150,073Net Income 2011: -$7,4772011Expenses 2012: $233,2342012Revenue 2013: $128,449Expenses 2013: $147,181Net Income 2013: -$18,7322013Revenue 2014: $129,091Expenses 2014: $142,543Net Income 2014: -$13,4522014Revenue 2015: $126,131Expenses 2015: $140,410Net Income 2015: -$14,2792015Revenue 2016: $122,506Expenses 2016: $137,777Net Income 2016: -$15,2712016Revenue 2017: $105,782Expenses 2017: $130,033Net Income 2017: -$24,2512017Revenue 2018: $113,237Expenses 2018: $129,807Net Income 2018: -$16,5702018Revenue 2019: $142,923Expenses 2019: $131,653Net Income 2019: $11,2702019Revenue 2020: $103,085Expenses 2020: $134,296Net Income 2020: -$31,2112020Revenue 2021: $147,719Expenses 2021: $139,295Net Income 2021: $8,4242021Revenue 2022: $572,136Expenses 2022: $257,603Net Income 2022: $314,5332022

Highlighted filing

2017

Revenue$105,782
Expenses$130,033
Net Income-$24,251
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 9, 2018
Return Version
2017v2.2
Gross Receipts
$105,782
Mission and Program Overview

Mission

Provide quality low income housing to qualifying elderly tenants

Provision of low income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$159,346$141,677▼ $17,669
Intangible Assets$36,654$35,158▼ $1,496
Cash and Non-Interest-Bearing Accounts$6,290$12,076▲ $5,786
Prepaid Expenses and Deferred Charges$912$8,623▲ $7,711
Savings and Temporary Cash Investments$766$0▼ $766
Accounts Receivable-$33-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$347,774$310,990▼ $36,784
Other Assets Total$143,806$113,423▼ $30,383
Liabilities
Mortgage Notes Payable Secured by Investment Property$575,922$562,320▼ $13,602
Other Liabilities$18,689$18,273▼ $416
Accounts Payable and Accrued Expenses$5,371$6,856▲ $1,485
Total Liabilities$599,982$587,449▼ $12,533
Net Assets / Fund Balance
Unrestricted Net Assets$-252,208$-276,459▼ $24,251
Total Net Assets Fund Balance$-252,208$-276,459▼ $24,251
Total Liabilities and Net Assets / Fund Balance$347,774$310,990▼ $36,784

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$88,925$785,208$874,133
Equipment$16,227$74,151$90,378
Land$36,525-$36,525
Other Assets Org$5,148--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dennis ThorsonPresident
Shari SchreinerVice President
Eleanor BoeDirector
Lonnie TomlinsonDirector
Curtis BentleyTreasurer
Imogene JacobsonVP/Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$48,990
Program Service Revenue
$51,769
Investment Income
$28
Other Revenue
$4,995
Change in Net Assets
$-24,251

Audited Revenue Reconciliation

Revenue per Audited Statements
$105,782
Total Revenue per Audited Statements
$105,782
Total Revenue per Form 990
$105,782
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$127,105
Salaries, Compensation, and Employee Benefits$2,928
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$30,785--$30,785
Interest$27,730--$27,730
Depreciation Depletion$24,235--$24,235
Insurance$11,897--$11,897
Fees for Services Management-$11,000-$11,000
Office Expenses$3,464$4,769-$8,233
Other Expenses$7,100--$7,100
Fees for Services Accounting-$6,125-$6,125
Other Salaries and Wages$1,200$1,728-$2,928
Total Functional Expenses$106,411$23,622$0$130,033

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$130,033
Total Expenses per Audited Statements$130,033
Total Expenses per Form 990$130,033
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$13,750
Tenant Deposits$4,523
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
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, Line 3: Description of Delegated Duties to Management Company

Greater minnesota management

Form 990, Part VI, Line 11B: Form 990 Review Process

The governing body does not review a draft of the 990, however, one or more of the officers performs a cursory review prior to signing the form.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Congregate Housing Inc
EIN
41-1374964
Phone
2185845181
Address
PO BOX 480, TWIN VALLEY, MN 56584

Signing Officer

Name
Dennis Thorson
Title
President
Signed
2018-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Thorson
Formed
1980
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
CNA Tax Professionals Inc
Address
8606 Allisonville Rd Ste 120, Indianapolis, IN 46250
Preparer
Shawn D Dreiman CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The organization's policy is to evaluate the likelihood that its uncertian tax positions will prevail upon examination based on the extent to which those positions have substantial support within the internal revenue code and regulations, revenue rulings, court decisions, and other evidence. The federal income tax returns of the organization are subject to examination by the irs generally for three years after they were filed. It is the opinion of management that the organization has no signifigant uncertain tax postitions that would be subject to change upon examination.

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IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt056764
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0766
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt048990
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt048990
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt028
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt035
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt066
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0216
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt051769
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0121328
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0125120
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0128199
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0127525
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0553941
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt028
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt066
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0216
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04995
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01133
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0969
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0857
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0858
IRS990ScheduleA/OtherIncome509Grp/TotalAmt08812
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98520
IRS990ScheduleA/PublicSupportPY509Pct00.99260
IRS990ScheduleA/PublicSupportTotal509Amt0602931
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0100759
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0121328
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0125120
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0128199
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0127525
IRS990ScheduleA/Total509Grp/TotalAmt0602931
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0105782
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0122506
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0126131
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0129091
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0128449
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0611959
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt088925
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0785208
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0874133
IRS990ScheduleD/EquipmentGrp/BookValueAmt016227
IRS990ScheduleD/EquipmentGrp/DepreciationAmt074151
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt090378
IRS990ScheduleD/ExpensesSubtotalAmt0130033
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt036525
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt036525
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05966
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1102309
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt25148
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGE & PROPERTY TAX ESCROW ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14523
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0105782
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTIAN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. THE FEDERAL INCOME TAX RETURNS OF THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE IRS GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. IT IS THE OPINION OF MANAGEMENT THAT THE ORGANIZATION HAS NO SIGNIFIGANT UNCERTAIN TAX POSTITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0141677
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0113423
IRS990ScheduleD/TotalExpensesPerForm990Amt0130033
IRS990ScheduleD/TotalLiabilityAmt018273
IRS990ScheduleD/TotalRevenuePerForm990Amt0105782
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0105782
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0130033
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GREATER MINNESOTA MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY DOES NOT REVIEW A DRAFT OF THE 990, HOWEVER, ONE OR MORE OF THE OFFICERS PERFORMS A CURSORY REVIEW PRIOR TO SIGNING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0347774
IRS990/TotalAssetsEOYAmt0310990
IRS990/TotalAssetsGrp/BOYAmt0347774
IRS990/TotalAssetsGrp/EOYAmt0310990
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt048990
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023622
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0106411
IRS990/TotalFunctionalExpensesGrp/TotalAmt0130033
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0599982
IRS990/TotalLiabilitiesEOYAmt0587449
IRS990/TotalLiabilitiesGrp/BOYAmt0599982
IRS990/TotalLiabilitiesGrp/EOYAmt0587449
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-252208
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-276459
IRS990/TotalProgramServiceExpensesAmt0106411
IRS990/TotalProgramServiceRevenueAmt051769
IRS990/TotalRevenueGrp/ExclusionAmt028
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt056764
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0105782

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