Civic Intelligence

Watkins Area Homes II Inc

EIN 41-1391752 • 501(c)3 • Watkins, MN

Watkins, MN
Siviq Scores

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

Liabilities / Assets

94th percentile

1.01x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

2.44x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

53rd percentile

4.5%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

75th percentile

30%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$802,810

Up $34,565 (+4.5%) from 2024

Liabilities

Down

$814,659

Down $52,809 (-6.1%) from 2024

Net Assets

Up

-$11,849

Up $87,374 (+88%) from 2024

Revenue

Up

$334,161

Up $76,149 (+30%) from 2024

Expenses

Up

$246,787

Up $13,123 (+5.6%) from 2024

Net Income

Up

$87,374

Up $63,026 (+259%) from 2024

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2012: $592,219Liabilities 2012: $800,221Net Assets 2012: -$208,0022012Assets 2013: $554,309Liabilities 2013: $757,337Net Assets 2013: -$203,0282013Assets 2014: $525,980Liabilities 2014: $721,897Net Assets 2014: -$195,9172014Assets 2015: $501,859Liabilities 2015: $685,574Net Assets 2015: -$183,7152015Assets 2016: $467,217Liabilities 2016: $639,685Net Assets 2016: -$172,4682016Assets 2017: $452,168Liabilities 2017: $576,402Net Assets 2017: -$124,2342017Assets 2018: $432,620Liabilities 2018: $511,767Net Assets 2018: -$79,1472018Assets 2019: $420,543Liabilities 2019: $443,752Net Assets 2019: -$23,2092019Assets 2020: $374,832Liabilities 2020: $367,673Net Assets 2020: $7,1592020Assets 2021: $376,621Liabilities 2021: $279,831Net Assets 2021: $96,7902021Assets 2022: $355,632Liabilities 2022: $189,669Net Assets 2022: $165,9632022Assets 2023: $791,525Liabilities 2023: $915,096Net Assets 2023: -$123,5712023Assets 2024: $768,245Liabilities 2024: $867,468Net Assets 2024: -$99,2232024Assets 2025: $802,810Liabilities 2025: $814,659Net Assets 2025: -$11,8492025

Highlighted filing

2025

Assets$802,810
Liabilities$814,659
Net Assets-$11,849

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2012: $279,000Expenses 2012: $259,241Net Income 2012: $19,7592012Revenue 2013: $269,529Expenses 2013: $264,555Net Income 2013: $4,9742013Revenue 2014: $269,301Expenses 2014: $262,190Net Income 2014: $7,1112014Revenue 2015: $263,243Expenses 2015: $251,042Net Income 2015: $12,2012015Revenue 2016: $265,765Expenses 2016: $254,516Net Income 2016: $11,2492016Revenue 2017: $276,599Expenses 2017: $228,368Net Income 2017: $48,2312017Revenue 2018: $285,406Expenses 2018: $240,319Net Income 2018: $45,0872018Revenue 2019: $300,477Expenses 2019: $244,541Net Income 2019: $55,9362019Revenue 2020: $276,244Expenses 2020: $245,877Net Income 2020: $30,3672020Revenue 2021: $307,715Expenses 2021: $218,083Net Income 2021: $89,6322021Revenue 2022: $294,858Expenses 2022: $225,685Net Income 2022: $69,1732022Revenue 2023: $307,091Expenses 2023: $250,258Net Income 2023: $56,8332023Revenue 2024: $258,012Expenses 2024: $233,664Net Income 2024: $24,3482024Revenue 2025: $334,161Expenses 2025: $246,787Net Income 2025: $87,3742025

Highlighted filing

2025

Revenue$334,161
Expenses$246,787
Net Income$87,374

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.03$8.15$0.12$3.34$2.47$0.87
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.68$8.67$0.99$2.58$2.34$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.92$9.15$1.24$3.07$2.50$0.57
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$1.90$1.66$2.95$2.26$0.69
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.77$2.80$0.97$3.08$2.18$0.90
2020Summary only. Only limited summary data is available for this year.$3.75$3.68$0.07$2.76$2.46$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.21$4.44$0.23$3.00$2.45$0.56
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.33$5.12$0.79$2.85$2.40$0.45
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.52$5.76$1.24$2.77$2.28$0.48
2016Summary only. Only limited summary data is available for this year.$4.67$6.40$1.72$2.66$2.55$0.11
2015Summary only. Only limited summary data is available for this year.$5.02$6.86$1.84$2.63$2.51$0.12
2014Summary only. Only limited summary data is available for this year.$5.26$7.22$1.96$2.69$2.62$0.07
2013Summary only. Only limited summary data is available for this year.$5.54$7.57$2.03$2.70$2.65$0.05
2012Summary only. Only limited summary data is available for this year.$5.92$8.00$2.08$2.79$2.59$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 1, 2025
Return Version
2024v5.2
Gross Receipts
$334,161
Mission and Program Overview

Mission

To provide low income housing to the elderly and low income individuals

To provide low-income housing to the elderly and low-income individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$671,603$619,140▼ $52,463
Savings and Temporary Cash Investments$85,432$105,127▲ $19,695
Cash and Non-Interest-Bearing Accounts$8,823$75,957▲ $67,134
Prepaid Expenses and Deferred Charges$1,205$1,357▲ $152
Accounts Receivable$1,182$1,229▲ $47
Total Assets$768,245$802,810▲ $34,565
Liabilities
Mortgage Notes Payable Secured by Investment Property$832,157$782,157▼ $50,000
Accounts Payable and Accrued Expenses$25,670$20,813▼ $4,857
Other Liabilities$9,258$9,215▼ $43
Deferred Revenue$383$2,474▲ $2,091
Total Liabilities$867,468$814,659▼ $52,809
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-99,223$-11,849▲ $87,374
Total Net Assets Fund Balance$-99,223$-11,849▲ $87,374
Total Liabilities and Net Assets / Fund Balance$768,245$802,810▲ $34,565

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$587,068$1,443,227$2,030,295
Equipment$10,489$83,942$94,431
Land$21,583-$21,583
Compensation and Service Providers

Board Members and Trustees

NameTitle
Don SchmittPresident
Rachel KinzerVice President
David NeisenBoard Member
Arlis KleinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$334,116
Investment Income
$45
Other Revenue
$0
Change in Net Assets
$87,374

Audited Revenue Reconciliation

Revenue per Audited Statements
$334,161
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$334,161
Total Revenue per Form 990
$334,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$211,897
Salaries, Compensation, and Employee Benefits$34,890
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$52,463--$52,463
Other Salaries and Wages$34,890--$34,890
Occupancy$31,931--$31,931
Fees for Services Management$29,237--$29,237
Insurance$25,531--$25,531
Fees for Services Accounting$11,450--$11,450
Office Expenses$8,443--$8,443
Advertising$725--$725
Other Expenses$500--$500
Total Functional Expenses$246,787$0$0$246,787

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$246,787
Total Expenses per Audited Statements$246,787
Total Expenses per Form 990$246,787
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Tenant Security Deposits$9,215
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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, Section A, Line 3

The organization has delegated management duties to a third party management company.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees that have authority to act on behalf of the governing board.

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

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

The board members have copies of the documents, and copies are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Watkins Area Homes Ii Co Smr Management
EIN
41-1391752
Phone
5073451290
Address
131 CHURCH STREET, WATKINS, MN 55389
Doing Business As
St Anthony Manor

Signing Officer

Name
Arlis Klein
Title
Secretary
Phone
5073451290
Signed
2025-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Schmidt
Formed
1983
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Mahoney Ulbrich Christiansen & Russ Pa
Address
10 RIVER PARK PLAZA SUITE 800, SAINT PAUL, MN 55107
Preparer
Deanna Somvong
Phone
6512276695
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process did not change from prior year.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from income taxes under section 501(c)(3) of the internal revenue code and similar state income tax laws. Management believes there are no uncertain tax positions.

Raw XML Appendix377 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.

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IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01501740
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0334116
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0257987
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0307064
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0294858
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0307715
IRS990ScheduleA/Total509Grp/TotalAmt01501740
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0334161
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0258012
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0307091
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0294858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0307715
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01501837
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0587068
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01443227
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02030295
IRS990ScheduleD/EquipmentGrp/BookValueAmt010489
IRS990ScheduleD/EquipmentGrp/DepreciationAmt083942
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt094431
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0246787
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt021583
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt021583
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09215
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0334161
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE INCOME TAX LAWS. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0619140
IRS990ScheduleD/TotalExpensesPerForm990Amt0246787
IRS990ScheduleD/TotalLiabilityAmt09215
IRS990ScheduleD/TotalRevenuePerForm990Amt0334161
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0334161
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0246787
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS DELEGATED MANAGEMENT DUTIES TO A THIRD PARTY MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD MEMBERS HAVE COPIES OF THE DOCUMENTS, AND COPIES ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS DID NOT CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0768245
IRS990/TotalAssetsEOYAmt0802810
IRS990/TotalAssetsGrp/BOYAmt0768245
IRS990/TotalAssetsGrp/EOYAmt0802810
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0246787
IRS990/TotalFunctionalExpensesGrp/TotalAmt0246787
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0867468
IRS990/TotalLiabilitiesEOYAmt0814659
IRS990/TotalLiabilitiesGrp/BOYAmt0867468
IRS990/TotalLiabilitiesGrp/EOYAmt0814659
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-99223
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-11849
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0246787
IRS990/TotalProgramServiceRevenueAmt0334116
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt045
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0334116
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0334161
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0768245
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0802810
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt013533 160TH STREET
IRS990/USAddress/CityNm0WATKINS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055389
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ARLIS KLEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum05073451290
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WATKINS AREA HOMES II CO SMR MANAGEMENT
ReturnHeader/Filer/BusinessNameControlTxt0WATK
ReturnHeader/Filer/EIN0411391752
ReturnHeader/Filer/PhoneNum05073451290
ReturnHeader/Filer/USAddress/AddressLine1Txt0131 CHURCH STREET
ReturnHeader/Filer/USAddress/CityNm0WATKINS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055389
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411647057
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 RIVER PARK PLAZA SUITE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAINT PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055107
ReturnHeader/PreparerPersonGrp/PhoneNum06512276695
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEANNA SOMVONG
ReturnHeader/ReturnTs02025-10-09T20:56:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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