Civic Intelligence

Metro Apartments Incorporated

990 • Fiscal year 2013 • EIN 41-1692875

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 02, 2014

328 West Kellogg BoulevardSaint Paul, MN 55102-1900

(651) 291-1750

Siviq Scores

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

Liabilities / Assets

38th percentile

0.01x

Higher debt load relative to assets than 38% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

60th percentile

0.08x

Higher debt load relative to revenue than 60% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

11th percentile

-25%

Higher net margin than 11% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

96th percentile

$178,906

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 111.4% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

23rd percentile

-5.5%

Faster asset growth than 23% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$952,724

Down $54,963 (-5.5%) from 2012

Net Assets

Down

$939,103

Down $40,847 (-4.2%) from 2012

Liabilities

Down

$13,621

Down $14,116 (-51%) from 2012

Revenue

$160,558

No earlier filing loaded for comparison.

Expenses

Down

$201,405

Down $5,627 (-2.7%) from 2012

Net Income

-$40,847

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,032,549Liabilities 2011: $12,173Net Assets 2011: $1,020,3762011Assets 2012: $1,007,687Liabilities 2012: $27,737Net Assets 2012: $979,9502012Assets 2013: $952,724Liabilities 2013: $13,621Net Assets 2013: $939,1032013Assets 2014: $922,653Liabilities 2014: $29,799Net Assets 2014: $892,8542014Assets 2015: $891,301Liabilities 2015: $42,093Net Assets 2015: $849,2082015Assets 2016: $860,543Liabilities 2016: $38,457Net Assets 2016: $822,0862016Assets 2017: $834,924Liabilities 2017: $22,475Net Assets 2017: $812,4492017Assets 2018: $832,063Liabilities 2018: $36,332Net Assets 2018: $795,7312018Assets 2019: $785,492Liabilities 2019: $61,996Net Assets 2019: $723,4962019Assets 2020: $785,032Liabilities 2020: $87,607Net Assets 2020: $697,4252020Assets 2021: $715,581Liabilities 2021: $156,039Net Assets 2021: $559,5422021Assets 2022: $701,496Liabilities 2022: $233,013Net Assets 2022: $468,4832022Assets 2023: $625,206Liabilities 2023: $293,632Net Assets 2023: $331,5742023Assets 2024: $630,116Liabilities 2024: $464,315Net Assets 2024: $165,8012024

Highlighted filing

2013

Assets$952,724
Liabilities$13,621
Net Assets$939,103

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $200,3432011Expenses 2012: $207,0322012Revenue 2013: $160,558Expenses 2013: $201,405Net Income 2013: -$40,8472013Revenue 2014: $157,969Expenses 2014: $204,218Net Income 2014: -$46,2492014Revenue 2015: $163,919Expenses 2015: $207,565Net Income 2015: -$43,6462015Revenue 2016: $177,508Expenses 2016: $204,630Net Income 2016: -$27,1222016Revenue 2017: $177,405Expenses 2017: $187,042Net Income 2017: -$9,6372017Revenue 2018: $175,185Expenses 2018: $191,903Net Income 2018: -$16,7182018Revenue 2019: $179,581Expenses 2019: $251,816Net Income 2019: -$72,2352019Revenue 2020: $178,308Expenses 2020: $204,379Net Income 2020: -$26,0712020Revenue 2021: $161,629Expenses 2021: $299,512Net Income 2021: -$137,8832021Revenue 2022: $186,762Expenses 2022: $277,821Net Income 2022: -$91,0592022Revenue 2023: $209,839Expenses 2023: $346,748Net Income 2023: -$136,9092023Revenue 2024: $198,423Expenses 2024: $364,196Net Income 2024: -$165,7732024

Highlighted filing

2013

Revenue$160,558
Expenses$201,405
Net Income-$40,847
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 2, 2014
Return Version
2013v3.0
Gross Receipts
$160,558
Mission and Program Overview

Mission

To provide to elderly and disabled persons.

To provide housing to elderly and disabled persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$935,472$887,931▼ $47,541
Savings and Temporary Cash Investments$5,672$5,469▼ $203
Cash and Non-Interest-Bearing Accounts$20,242$4,446▼ $15,796
Accounts Receivable$3,347$1,202▼ $2,145
Prepaid Expenses and Deferred Charges$171$12▼ $159
Total Assets$1,007,687$952,724▼ $54,963
Other Assets Total$42,783$53,664▲ $10,881
Liabilities
Accounts Payable and Accrued Expenses$19,607$5,847▼ $13,760
Other Liabilities$5,346$5,279▼ $67
Deferred Revenue$2,784$2,495▼ $289
Total Liabilities$27,737$13,621▼ $14,116
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,460,466$1,460,469▲ $3
Unrestricted Net Assets$-480,516$-521,366▼ $40,850
Total Net Assets Fund Balance$979,950$939,103▼ $40,847
Total Liabilities and Net Assets / Fund Balance$1,007,687$952,724▼ $54,963

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$770,217$841,547$1,611,764
Land$115,000-$115,000
Equipment$2,714$39,689$42,403
Other Land Buildings$0$16,371$16,371
Other Assets Org$1,369--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin MyrenExecutive Vice President
Jean SmidtPresident (former Vice President)
Gary NessVice President (former President)
Paul RheingnasBoard Member
Ted EricksonBoard Member
Yvonne PriceBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$160,462
Investment Income
$96
Other Revenue
$0
Change in Net Assets
$-40,847

Audited Revenue Reconciliation

Revenue per Audited Statements
$160,558
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$160,558
Total Revenue per Form 990
$160,558
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$47,541--$47,541
Fees for Services Management$16,800--$16,800
Other Expenses$11,597--$11,597
Fees for Services Accounting$5,849--$5,849
Office Expenses$4,703--$4,703
Insurance$4,101--$4,101
All Other Expenses$365--$365
Advertising$152--$152
Fees for Services Legal$5--$5
Total Functional Expenses$201,405$0$0$201,405

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$201,405
Total Expenses per Audited Statements$201,405
Total Expenses per Form 990$201,405
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
Security Deposits$5,279
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

Control over management duties was delegated to commonbond communities, a related organization.

Form 990, Part VI, Section B, Line 11

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

EIN
41-1692875
Phone
6512911750

Signing Officer

Name
Kevin Myren
Title
CFO, VP of Administration
Phone
6512911750
Signed
2014-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Myren
Formed
1993
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Preparer
Thomas R Johnson
Phone
6512276695
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

This process has not changed from previous years.

Financial Statement Notes

PART X, LINE 2:

The corporation is not currently under examination by any taxing jurisdiction. Federal and state tax authorities generally have the right to examine the current and prior three years of income tax returns.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0160870
IRS990ScheduleA/Total509Grp/TotalAmt0684145
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0160558
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0166606
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0157949
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt038991
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0162225
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0686329
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0770217
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0841547
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01611764
IRS990ScheduleD/EquipmentGrp/BookValueAmt02714
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039689
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042403
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0201405
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0115000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0115000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08443
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt134314
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt29538
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31369
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESTRICTED CASH
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016371
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016371
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05279
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0160558
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE THE CURRENT AND PRIOR THREE YEARS OF INCOME TAX RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0887931
IRS990ScheduleD/TotalBookValueOtherAssetsAmt053664
IRS990ScheduleD/TotalExpensesPerForm990Amt0201405
IRS990ScheduleD/TotalLiabilityAmt05279
IRS990ScheduleD/TotalRevenuePerForm990Amt0160558
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0160558
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0201405
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0172995
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt05911
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEVIN MYREN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0178906
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONTROL OVER MANAGEMENT DUTIES WAS DELEGATED TO COMMONBOND COMMUNITIES, A RELATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS HAVE COPIES OF THE DOCUMENTS, AND ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10COMMONBOND COMMUNITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10COMMONBOND COMMUNITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0411260469
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDING HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10328 WEST KELLOGG BOULEVARD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0ST PAUL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode055102
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01460466
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01460469
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01007687
IRS990/TotalAssetsEOYAmt0952724
IRS990/TotalAssetsGrp/BOYAmt01007687

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.63$0.46$0.17$0.20$0.36$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.63$0.29$0.33$0.21$0.35$0.14
2022Detailed filing. Detailed filing data is available for this year.$0.70$0.23$0.47$0.19$0.28$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.72$0.16$0.56$0.16$0.30$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.79$0.09$0.70$0.18$0.20$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.79$0.06$0.72$0.18$0.25$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.83$0.04$0.80$0.18$0.19$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.83$0.02$0.81$0.18$0.19$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.04$0.82$0.18$0.20$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.89$0.04$0.85$0.16$0.21$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.92$0.03$0.89$0.16$0.20$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.95$0.01$0.94$0.16$0.20$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.03$0.98$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.01$1.02$0.20