Civic Intelligence

Make Old Things New Inc.

990 • Fiscal year 2022 • EIN 41-1584741

Jun 01, 2021 to May 31, 2022 • Filed on Jun 29, 2023

Organization ProfileN/A
PO Box 583777Minneapolis, MN 55458

(612) 910-1124

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

96th percentile

79%

Higher net margin than 96% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

46th percentile

$45,000

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

95th percentile

118%

Faster asset growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Revenue Growth

92nd percentile

115%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$683,048

Up $539,239 (+375%) from 2020

Net Assets

$680,792

No earlier filing loaded for comparison.

Liabilities

Down

$2,256

Down $1,345 (-37%) from 2020

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin96th percentile

Revenue

Up

$729,881

Up $571,966 (+362%) from 2020

Expenses

Down

$154,340

Down $15,820 (-9.3%) from 2020

Net Income

Up

$575,541

Up $587,786 (+4800%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$800K$600K$400K$200K$0Assets 2011: $191,901Liabilities 2011: $43,6902011Assets 2012: $186,665Liabilities 2012: $35,0662012Assets 2013: $195,716Liabilities 2013: $18,8132013Assets 2014: $171,253Liabilities 2014: $20,1702014Assets 2015: $174,802Liabilities 2015: $19,6672015Assets 2016: $161,285Liabilities 2016: $11,5872016Assets 2017: $204,506Liabilities 2017: $9,949Net Assets 2017: $194,5572017Assets 2018: $185,291Liabilities 2018: $6,2712018Assets 2019: $160,365Liabilities 2019: $7,9122019Assets 2020: $143,809Liabilities 2020: $3,6012020Assets 2022: $683,048Liabilities 2022: $2,256Net Assets 2022: $680,7922022Assets 2023: $619,707Liabilities 2023: $2,165Net Assets 2023: $617,5422023Assets 2024: $530,298Liabilities 2024: $2,165Net Assets 2024: $528,1332024

Highlighted filing

2022

Assets$683,048
Liabilities$2,256
Net Assets$680,792
Open 2022 Filing

Operations Trend

Revenue Growth92nd percentile

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

$1.0M$500K$0-$500KRevenue 2011: $162,998Expenses 2011: $186,010Net Income 2011: -$23,0122011Revenue 2012: $174,981Expenses 2012: $168,850Net Income 2012: $6,1312012Revenue 2013: $197,353Expenses 2013: $172,049Net Income 2013: $25,3042013Revenue 2014: $162,357Expenses 2014: $188,177Net Income 2014: -$25,8202014Revenue 2015: $187,139Expenses 2015: $183,085Net Income 2015: $4,0542015Revenue 2016: $166,258Expenses 2016: $171,698Net Income 2016: -$5,4402016Revenue 2017: $211,176Expenses 2017: $166,317Net Income 2017: $44,8592017Revenue 2018: $164,462Expenses 2018: $179,752Net Income 2018: -$15,2902018Revenue 2019: $129,377Expenses 2019: $155,944Net Income 2019: -$26,5672019Revenue 2020: $157,915Expenses 2020: $170,160Net Income 2020: -$12,2452020Revenue 2022: $729,881Expenses 2022: $154,340Net Income 2022: $575,5412022Revenue 2023: $82,415Expenses 2023: $145,665Net Income 2023: -$63,2502023Revenue 2024: $63,959Expenses 2024: $143,469Net Income 2024: -$79,5102024

Highlighted filing

2022

Revenue$729,881
Expenses$154,340
Net Income$575,541
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Jun 29, 2023
Return Version
2021v4.2
Gross Receipts
$1,118,760
Mission and Program Overview

Mission

Helping people in distress & transition have a better quality of life

Helping people in distress and transition achieve a better quality of life

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$115,885$680,792▲ $564,907
Land, Buildings, and Equipment, Net$92,926$475,490▲ $382,564
Investments in Publicly Traded Securities-$164,171-
Savings and Temporary Cash Investments-$21,855-
Cash and Non-Interest-Bearing Accounts$28,450$21,398▼ $7,052
Prepaid Expenses and Deferred Charges$134$134→ $0
Total Assets$121,510$683,048▲ $561,538
Liabilities
Accounts Payable and Accrued Expenses$5,625$2,256▼ $3,369
Total Liabilities$5,625$2,256▼ $3,369
Net Assets / Fund Balance
Total Net Assets Fund Balance$115,885$680,792▲ $564,907
Total Liabilities and Net Assets / Fund Balance$121,510$683,048▲ $561,538

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$410,290$27,259$437,549
Land$65,200-$65,200
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Karen TroyerExecutive DirectorFT$45,000$45,000

Board Members and Trustees

NameTitle
Bill NicholsDirector
Tina WhiteDirector
Tricia SeversonSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$64,333
Program Service Revenue
$39,135
Investment Income
$626,413
Other Revenue
$0
All Other Contributions
$64,333
Change in Net Assets
$575,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$64,854
Salaries, Compensation, and Employee Benefits$49,411
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$27,000$18,000-$45,000
Benefits to Members$40,075--$40,075
Occupancy$25,331--$25,331
Other Expenses$20,016--$20,016
Depreciation Depletion$11,145--$11,145
Insurance$5,450--$5,450
Payroll Taxes$2,107$1,404-$3,511
Office Expenses$2,315$50-$2,365
Other Salaries and Wages$900--$900
Fees for Services Legal$477--$477
Fees for Services Other$60--$60
Interest-$10-$10
Total Functional Expenses$134,876$19,464$0$154,340
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No

Governance Explanations

Part VI, Question 19

“Governing docs are all available to the public upon request. Contact karen troyer, po box 583777, minneapolis mn 55458”

Filing and Contact Details

Filer

Filer Name
Make Old Things New Inc
EIN
41-1584741
Phone
6129101124
Address
PO BOX 583777, MINNEAPOLIS, MN 55458

Signing Officer

Name
Karen Troyer
Title
Executive Director
Phone
6129101124
Signed
2023-06-29
Discuss with paid preparer
No

Organization Details

Principal Officer
Karen Troyer
Formed
1988
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
6

Preparer

Firm
Block Advisors
Address
1600 UNIVERSITY AVE STE 208, SAINT PAUL, MN 55104
Preparer
Margaret Schiller
Phone
6516464640
Supplemental Narrative

Additional Explanations

Part III, Question 3

“The organization sold an apartment building in minneapolis and purchsed two building in st paul. The basic use of the apartment building and the houses in st paul is the same - to provide affordable housing for individuals that find it difficult to rent other properties. But the sale of the property and reinvestment will show up in this return. The building in minneapolis was fully depreciated.”

Part X, Line 10

“A fully depreciated apartment building was sold june 2021 and 2 other buildings were purchased for housing the homeless. The change of properties is the reason for the dramatic change in adjusted basis.”

Part X, Line 17

“PAYROLL TAXES DUE 2256”

Raw XML Appendix373 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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IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02021-06-24
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0750000
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0MARKET SALE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt02021 MINNEHAHA AVE 1914 22ND ST
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Minneapolis
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0MN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd055404
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SOLD AN APARTMENT BUILDING IN MINNEAPOLIS AND PURCHSED TWO BUILDING IN ST PAUL. THE BASIC USE OF THE APARTMENT BUILDING AND THE HOUSES IN ST PAUL IS THE SAME - TO PROVIDE AFFORDABLE HOUSING FOR INDIVIDUALS THAT FIND IT DIFFICULT TO RENT OTHER PROPERTIES. BUT THE SALE OF THE PROPERTY AND REINVESTMENT WILL SHOW UP IN THIS RETURN. THE BUILDING IN MINNEAPOLIS WAS FULLY DEPRECIATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCS ARE ALL AVAILABLE TO THE PUBLIC UPON REQUEST. CONTACT KAREN TROYER, PO BOX 583777, MINNEAPOLIS MN 55458
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A FULLY DEPRECIATED APARTMENT BUILDING WAS SOLD JUNE 2021 AND 2 OTHER BUILDINGS WERE PURCHASED FOR HOUSING THE HOMELESS. THE CHANGE OF PROPERTIES IS THE REASON FOR THE DRAMATIC CHANGE IN ADJUSTED BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL TAXES DUE 2256
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, QUESTION 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, QUESTION 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART X, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART X, LINE 17
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TaxExemptInterestAmt00
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0121510
IRS990/TotalAssetsEOYAmt0683048
IRS990/TotalAssetsGrp/BOYAmt0121510
IRS990/TotalAssetsGrp/EOYAmt0683048
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt064333
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019464
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0134876
IRS990/TotalFunctionalExpensesGrp/TotalAmt0154340
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05625
IRS990/TotalLiabilitiesEOYAmt02256
IRS990/TotalLiabilitiesGrp/BOYAmt05625
IRS990/TotalLiabilitiesGrp/EOYAmt02256
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0115885
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0680792
IRS990/TotalProgramServiceExpensesAmt0112531
IRS990/TotalProgramServiceRevenueAmt039135
IRS990/TotalReportableCompFromOrgAmt045000
IRS990/TotalRevenueGrp/ExclusionAmt06340
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0659208
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0729881
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0121510
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0683048
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 583777
IRS990/USAddress/CityNm0Minneapolis
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055458
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN TROYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06129101124
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAKE OLD THINGS NEW INC
ReturnHeader/Filer/BusinessNameControlTxt0MAKE
ReturnHeader/Filer/EIN0411584741
ReturnHeader/Filer/PhoneNum06129101124
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 583777
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055458
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431871840
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Block Advisors
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01600 UNIVERSITY AVE STE 208
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAINT PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055104
ReturnHeader/PreparerPersonGrp/PhoneNum06516464640
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Margaret Schiller
ReturnHeader/ReturnTs02023-07-13T22:27:04Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KAREN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TROYER
ReturnHeader/TaxPeriodBeginDt02021-06-01
ReturnHeader/TaxPeriodEndDt02022-05-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$683,048
Liabilities
$2,256
Net assets
$680,792
Revenue
$729,881
Expenses
$154,340
Net income
$575,541
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.30$0.02$5.28$0.64$1.43$0.80
2023Detailed filing. Detailed filing data is available for this year.$6.20$0.02$6.18$0.82$1.46$0.63
2022Detailed filing. Detailed filing data is available for this year.$6.83$0.02$6.81$7.30$1.54$5.76
2020Summary only. Only limited summary data is available for this year.$1.44$0.04$1.58$1.70$0.12
2019Summary only. Only limited summary data is available for this year.$1.60$0.08$1.29$1.56$0.27
2018Summary only. Only limited summary data is available for this year.$1.85$0.06$1.64$1.80$0.15
2017Summary only. Only limited summary data is available for this year.$2.05$0.10$1.95$2.11$1.66$0.45
2016Summary only. Only limited summary data is available for this year.$1.61$0.12$1.66$1.72$0.05
2015Summary only. Only limited summary data is available for this year.$1.75$0.20$1.87$1.83$0.04
2014Summary only. Only limited summary data is available for this year.$1.71$0.20$1.62$1.88$0.26
2013Summary only. Only limited summary data is available for this year.$1.96$0.19$1.97$1.72$0.25
2012Summary only. Only limited summary data is available for this year.$1.87$0.35$1.75$1.69$0.06
2011Summary only. Only limited summary data is available for this year.$1.92$0.44$1.63$1.86$0.23