Civic Intelligence

Sunburst Acres Inc.

990 • Fiscal year 2017 • EIN 41-1663750

Jan 01, 2017 to Dec 31, 2017 • Filed on May 10, 2018

307 1/2 3rd Ave NWRoseau, MN 56751

(218) 463-0434

Siviq Scores

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

Liabilities / Assets

95th percentile

1.25x

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

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

Liabilities / Revenue

99th percentile

5.21x

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

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

Net Margin

43rd percentile

0.7%

Higher net margin than 43% of similar nonprofits.

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

Top Officer Pay

78th percentile

$4,800

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

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

Asset Growth

42nd percentile

-1.1%

Faster asset growth than 42% of similar nonprofits.

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

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

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

Assets

Down

$484,565

Down $5,627 (-1.1%) from 2016

Net Assets

Up

-$118,774

Up $789 (+0.7%) from 2016

Liabilities

Down

$603,339

Down $6,416 (-1.1%) from 2016

Revenue

Up

$115,896

Up $11,324 (+11%) from 2016

Expenses

Down

$115,107

Down $116 (-0.1%) from 2016

Net Income

Up

$789

Up $11,440 (+107%) 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: $472,158Liabilities 2010: $663,000Net Assets 2010: -$190,8422010Assets 2011: $501,046Liabilities 2011: $656,459Net Assets 2011: -$155,4132011Assets 2012: $504,331Liabilities 2012: $633,428Net Assets 2012: -$129,0972012Assets 2013: $501,587Liabilities 2013: $628,912Net Assets 2013: -$127,3252013Assets 2014: $503,615Liabilities 2014: $623,155Net Assets 2014: -$119,5402014Assets 2015: $508,617Liabilities 2015: $617,529Net Assets 2015: -$108,9122015Assets 2016: $490,192Liabilities 2016: $609,755Net Assets 2016: -$119,5632016Assets 2017: $484,565Liabilities 2017: $603,339Net Assets 2017: -$118,7742017Assets 2018: $476,944Liabilities 2018: $595,876Net Assets 2018: -$118,9322018Assets 2019: $487,604Liabilities 2019: $587,439Net Assets 2019: -$99,8352019Assets 2020: $486,145Liabilities 2020: $577,900Net Assets 2020: -$91,7552020Assets 2021: $485,331Liabilities 2021: $568,111Net Assets 2021: -$82,7802021Assets 2022: $470,443Liabilities 2022: $557,292Net Assets 2022: -$86,8492022Assets 2023: $461,950Liabilities 2023: $545,314Net Assets 2023: -$83,3642023Assets 2024: $454,033Liabilities 2024: $531,049Net Assets 2024: -$77,0162024

Highlighted filing

2017

Assets$484,565
Liabilities$603,339
Net Assets-$118,774

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2010: $105,053Expenses 2010: $84,118Net Income 2010: $20,9352010Expenses 2011: $90,1332011Expenses 2012: $96,2122012Revenue 2013: $106,921Expenses 2013: $105,149Net Income 2013: $1,7722013Revenue 2014: $112,104Expenses 2014: $104,319Net Income 2014: $7,7852014Revenue 2015: $110,440Expenses 2015: $99,812Net Income 2015: $10,6282015Revenue 2016: $104,572Expenses 2016: $115,223Net Income 2016: -$10,6512016Revenue 2017: $115,896Expenses 2017: $115,107Net Income 2017: $7892017Revenue 2018: $117,011Expenses 2018: $117,169Net Income 2018: -$1582018Revenue 2019: $123,470Expenses 2019: $104,373Net Income 2019: $19,0972019Revenue 2020: $117,822Expenses 2020: $109,742Net Income 2020: $8,0802020Revenue 2021: $121,549Expenses 2021: $112,574Net Income 2021: $8,9752021Revenue 2022: $123,875Expenses 2022: $127,944Net Income 2022: -$4,0692022Revenue 2023: $129,590Expenses 2023: $126,105Net Income 2023: $3,4852023Revenue 2024: $134,599Expenses 2024: $128,251Net Income 2024: $6,3482024

Highlighted filing

2017

Revenue$115,896
Expenses$115,107
Net Income$789
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 10, 2018
Return Version
2017v2.2
Gross Receipts
$115,896
Mission and Program Overview

Mission

Provide subsidized housing for the elderly and disabled.

Provide subsidized housing for low income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$338,307$307,424▼ $30,883
Savings and Temporary Cash Investments$122,426$129,572▲ $7,146
Cash and Non-Interest-Bearing Accounts$29,459$47,569▲ $18,110
Total Assets$490,192$484,565▼ $5,627
Liabilities
Mortgage Notes Payable Secured by Investment Property$604,330$597,016▼ $7,314
Other Liabilities$5,425$6,323▲ $898
Total Liabilities$609,755$603,339▼ $6,416
Net Assets / Fund Balance
Unrestricted Net Assets$-119,563$-118,774▲ $789
Total Net Assets Fund Balance$-119,563$-118,774▲ $789
Total Liabilities and Net Assets / Fund Balance$490,192$484,565▼ $5,627

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$268,659$464,488$733,147
Equipment$18,765$43,126$61,891
Land$20,000-$20,000
Compensation and Service Providers

Employees

NameTitleBaseTotal
Gloria SkrutvoldPresident$4,800$4,800

Board Members and Trustees

NameTitle
Glen JohnsonVice President
Steve DostalDirector
Eileen CarterSecretary
Thora HalversonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$115,216
Investment Income
$677
Other Revenue
$3
Change in Net Assets
$789
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,307
Salaries, Compensation, and Employee Benefits$4,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$32,256--$32,256
Insurance$15,531--$15,531
Fees for Services Management$10,714--$10,714
Interest$10,055--$10,055
Current Officers, Directors, Trustees, and Key Employees-$4,800-$4,800
Fees for Services Accounting-$2,600-$2,600
Other Expenses$16,950$946-$946
Advertising-$110-$110
Total Functional Expenses$105,129$9,978$0$115,107
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 Payable$5,842
Pet Deposit Payable$300
Accrued Security Deposit Interest$181
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

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, Section C, Line 19

Governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Sunburst Acres Inc
EIN
41-1663750
Phone
2184630434
Address
307 1/2 3RD AVE NW, ROSEAU, MN 56751

Signing Officer

Name
Gloria Skrutvold
Title
President of the Board
Phone
2184621602
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gloria Skrutvold
Formed
1993
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Brady Martz and Associates Pc
Address
117 S BROADWAY, CROOKSTON, MN 56716
Preparer
Kim Durbin
Phone
2182813789
Raw XML Appendix383 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED SECURITY DEPOSIT INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PET DEPOSIT PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0307424
IRS990ScheduleD/TotalLiabilityAmt06323
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0490192
IRS990/TotalAssetsEOYAmt0484565
IRS990/TotalAssetsGrp/BOYAmt0490192
IRS990/TotalAssetsGrp/EOYAmt0484565
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09978
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0105129
IRS990/TotalFunctionalExpensesGrp/TotalAmt0115107
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0609755
IRS990/TotalLiabilitiesEOYAmt0603339
IRS990/TotalLiabilitiesGrp/BOYAmt0609755
IRS990/TotalLiabilitiesGrp/EOYAmt0603339
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-119563
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-118774
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt015
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt015
IRS990/TotalProgramServiceExpensesAmt0105129
IRS990/TotalProgramServiceRevenueAmt0115216
IRS990/TotalReportableCompFromOrgAmt04800
IRS990/TotalRevenueGrp/ExclusionAmt03438
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0112458
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0115896
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0490192
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0484565
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-119563
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-118774
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt030542 380TH AVENUE
IRS990/USAddress/CityNm0ROSEAU
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056751
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GLORIA SKRUTVOLD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT OF THE BOARD
ReturnHeader/BusinessOfficerGrp/PhoneNum02184621602
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUNBURST ACRES INC
ReturnHeader/Filer/BusinessNameControlTxt0SUNB
ReturnHeader/Filer/EIN0411663750
ReturnHeader/Filer/PhoneNum02184630434
ReturnHeader/Filer/USAddress/AddressLine1Txt0307 1/2 3RD AVE NW
ReturnHeader/Filer/USAddress/CityNm0ROSEAU
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056751
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E75841E7353F65F6E91AC1B9451E19CE2C137453
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06C39C89A0B916563EEFC9C4D81EC75D1023FE21F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.111.23.187
ReturnHeader/FilingSecurityInformation/IPDt02018-05-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:49:18
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450310328
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRADY MARTZ AND ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0117 S BROADWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CROOKSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056716
ReturnHeader/PreparerPersonGrp/PhoneNum02182813789
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIM DURBIN
ReturnHeader/ReturnTs02018-05-14T13:34:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.54$5.31$0.77$1.35$1.28$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.62$5.45$0.83$1.30$1.26$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.70$5.57$0.87$1.24$1.28$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.85$5.68$0.83$1.22$1.13$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.86$5.78$0.92$1.18$1.10$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.88$5.87$1.00$1.23$1.04$0.19
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.77$5.96$1.19$1.17$1.17$0.00
2017Detailed filing. Detailed filing data is available for this year.$4.85$6.03$1.19$1.16$1.15$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.90$6.10$1.20$1.05$1.15$0.11
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.09$6.18$1.09$1.10$1.00$0.11
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.04$6.23$1.20$1.12$1.04$0.08
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.02$6.29$1.27$1.07$1.05$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.04$6.33$1.29$0.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.01$6.56$1.55$0.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.72$6.63$1.91$1.05$0.84$0.21