Civic Intelligence

Benjamin Hershey Memorial Convalescent Home

990 • Fiscal year 2018 • EIN 42-0307480

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 09, 2019

1808 Mulberry AvenueMuscatine, IA 52761

(563) 263-7292

Siviq Scores

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

Liabilities / Assets

91st percentile

0.95x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

3.32x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

65th percentile

9.8%

Higher net margin than 65% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

50th percentile

0.9%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

54th percentile

5.3%

Faster revenue growth than 54% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,741,214

Up $15,984 (+0.9%) from 2017

Net Assets

Up

$91,331

Up $48,777 (+115%) from 2017

Liabilities

Down

$1,649,883

Down $32,793 (-1.9%) from 2017

Revenue

Up

$496,906

Up $24,925 (+5.3%) from 2017

Expenses

Up

$448,129

Up $20,755 (+4.9%) from 2017

Net Income

Up

$48,777

Up $4,170 (+9.3%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,759,304Liabilities 2010: $1,910,810Net Assets 2010: -$151,5062010Assets 2011: $1,770,404Liabilities 2011: $1,882,548Net Assets 2011: -$112,1442011Assets 2012: $1,754,022Liabilities 2012: $1,840,353Net Assets 2012: -$86,3312012Assets 2013: $1,765,360Liabilities 2013: $1,814,083Net Assets 2013: -$48,7232013Assets 2014: $1,734,559Liabilities 2014: $1,774,656Net Assets 2014: -$40,0972014Assets 2015: $1,695,559Liabilities 2015: $1,757,608Net Assets 2015: -$62,0492015Assets 2016: $1,710,550Liabilities 2016: $1,712,603Net Assets 2016: -$2,0532016Assets 2017: $1,725,230Liabilities 2017: $1,682,676Net Assets 2017: $42,5542017Assets 2018: $1,741,214Liabilities 2018: $1,649,883Net Assets 2018: $91,3312018Assets 2019: $1,765,730Liabilities 2019: $1,620,927Net Assets 2019: $144,8032019Assets 2020: $1,808,494Liabilities 2020: $1,578,343Net Assets 2020: $230,1512020Assets 2021: $1,801,504Liabilities 2021: $1,493,140Net Assets 2021: $308,3642021Assets 2022: $1,808,832Liabilities 2022: $1,405,849Net Assets 2022: $402,9832022Assets 2023: $3,449,686Liabilities 2023: $3,058,968Net Assets 2023: $390,7182023Assets 2024: $3,522,944Liabilities 2024: $3,139,118Net Assets 2024: $383,8262024

Highlighted filing

2018

Assets$1,741,214
Liabilities$1,649,883
Net Assets$91,331

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $406,7032010Revenue 2011: $444,193Expenses 2011: $404,831Net Income 2011: $39,3622011Expenses 2012: $411,8342012Revenue 2013: $451,322Expenses 2013: $413,714Net Income 2013: $37,6082013Revenue 2014: $467,023Expenses 2014: $458,397Net Income 2014: $8,6262014Revenue 2015: $232,505Expenses 2015: $254,457Net Income 2015: -$21,9522015Revenue 2016: $476,508Expenses 2016: $416,512Net Income 2016: $59,9962016Revenue 2017: $471,981Expenses 2017: $427,374Net Income 2017: $44,6072017Revenue 2018: $496,906Expenses 2018: $448,129Net Income 2018: $48,7772018Revenue 2019: $499,563Expenses 2019: $446,091Net Income 2019: $53,4722019Revenue 2020: $520,202Expenses 2020: $434,854Net Income 2020: $85,3482020Revenue 2021: $477,046Expenses 2021: $398,833Net Income 2021: $78,2132021Revenue 2022: $492,516Expenses 2022: $397,897Net Income 2022: $94,6192022Revenue 2023: $508,226Expenses 2023: $520,491Net Income 2023: -$12,2652023Revenue 2024: $493,857Expenses 2024: $500,749Net Income 2024: -$6,8922024

Highlighted filing

2018

Revenue$496,906
Expenses$448,129
Net Income$48,777
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 9, 2019
Return Version
2017v2.3
Gross Receipts
$497,413
Mission and Program Overview

Mission

To provide housing for the elderly and disabled residents of hershey manor.

Housing is provided for the elderly and disabled residents of hershey manor.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$781,488$865,248▲ $83,760
Land, Buildings, and Equipment, Net$899,862$844,707▼ $55,155
Intangible Assets$29,935$27,302▼ $2,633
Accounts Receivable$702$1,469▲ $767
Cash and Non-Interest-Bearing Accounts$11,976$1,244▼ $10,732
Prepaid Expenses and Deferred Charges$1,267$1,244▼ $23
Total Assets$1,725,230$1,741,214▲ $15,984
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,613,255$1,557,546▼ $55,709
Other Liabilities$41,063$67,102▲ $26,039
Accounts Payable and Accrued Expenses$28,358$25,235▼ $3,123
Total Liabilities$1,682,676$1,649,883▼ $32,793
Net Assets / Fund Balance
Unrestricted Net Assets$42,554$91,331▲ $48,777
Total Net Assets Fund Balance$42,554$91,331▲ $48,777
Total Liabilities and Net Assets / Fund Balance$1,725,230$1,741,214▲ $15,984

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$629,079$1,745,811$2,374,890
Other Land Buildings$126,977$289,416$416,393
Land$88,042-$88,042
Equipment$609$3,628$4,237
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matt SchweizerPresident
Craig OppelDirector
Darcy CabreraDirector
Debbie MccallisterDirector
Joni AxelDirector
Tina CampbellDirector
Cindy CarverSecretary
Nerea StricklandTreasurer
Megan FrancisVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$480,218
Investment Income
$16,636
Other Revenue
$52
Change in Net Assets
$48,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$448,129
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
Occupancy$158,867--$158,867
Fees for Services Management-$69,006-$69,006
Interest-$67,289-$67,289
Depreciation Depletion$59,898--$59,898
Other Expenses$26,647--$26,647
Office Expenses-$24,516-$24,516
Insurance$14,617$7,062-$21,679
Fees for Services Other$12,427$1,650-$14,077
Fees for Services Accounting-$6,150-$6,150
Total Functional Expenses$272,456$175,673$0$448,129
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
Receipts Recapture Liability$49,984
Tenant Security Deposits$14,887
Prepaid Rents$1,991
Other$240
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, Page 6, Part VI, Line 3

The city of muscatine is the acting management agent whose responsibilties include: hiring employees, property maintenance and accounting and financial statement preparation.

Form 990, Page 6, Part VI, Line 11B

The form 990 is presented and reviewed at the board of directors meeting.

Form 990, Page 6, Part VI, Line 19

Governing documents and financial statements are available to the public upon request. Requests may be made during normal business hours by contacting pete degabriele at 1808 mulberry avenue, muscatine, ia 52761.

Filing and Contact Details

Filer

Filer Name
Benjamin Hershey Convalescent Home
EIN
42-0307480
Phone
5632637292
Address
1808 MULBERRY AVENUE, MUSCATINE, IA 52761

Signing Officer

Name
Matt Schweizer
Title
President
Phone
5632641550
Signed
2019-04-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Schweizer
Formed
1902
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Tdt Cpas and Advisors Pc
Address
1245 JORDAN CREEK PKWY SUITE 100, WEST DES MOINES, IA 50266-2300
Preparer
Courtney L Deronde CPA
Phone
5156575800
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IRS990ScheduleA/InvestmentIncomeCYPct00.02000
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0177991
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0778440
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114887
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21991
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3240
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RECEIPTS RECAPTURE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID RENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OTHER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CITY OF MUSCATINE IS THE ACTING MANAGEMENT AGENT WHOSE RESPONSIBILTIES INCLUDE: HIRING EMPLOYEES, PROPERTY MAINTENANCE AND ACCOUNTING AND FINANCIAL STATEMENT PREPARATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PRESENTED AND REVIEWED AT THE BOARD OF DIRECTORS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS MAY BE MADE DURING NORMAL BUSINESS HOURS BY CONTACTING PETE DEGABRIELE AT 1808 MULBERRY AVENUE, MUSCATINE, IA 52761.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0457710
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0496906
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01725230
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01741214
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt042554
IRS990/UnrestrictedNetAssetsGrp/EOYAmt091331
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01808 MULBERRY AVENUE
IRS990/USAddress/CityNm0MUSCATINE
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052761
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATT SCHWEIZER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05632641550
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-09

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.52$3.14$0.38$0.49$0.50$0.01
2023Detailed filing. Detailed filing data is available for this year.$3.45$3.06$0.39$0.51$0.52$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.81$1.41$0.40$0.49$0.40$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$1.49$0.31$0.48$0.40$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.81$1.58$0.23$0.52$0.43$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.77$1.62$0.14$0.50$0.45$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.74$1.65$0.09$0.50$0.45$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.73$1.68$0.04$0.47$0.43$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.71$1.71$0.00$0.48$0.42$0.06
2015Summary only. Only limited summary data is available for this year.$1.70$1.76$0.06$0.23$0.25$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.73$1.77$0.04$0.47$0.46$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.77$1.81$0.05$0.45$0.41$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$1.84$0.09$0.41
2011Summary only. Only limited summary data is available for this year.$1.77$1.88$0.11$0.44$0.40$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$1.91$0.15$0.41