Civic Intelligence

Sunset Retirement Home Inc

990 • Fiscal year 2013 • EIN 42-0919783

Jan 01, 2013 to Dec 31, 2013 • Filed on May 15, 2014

Organization ProfileN/A

Refreshing map…

111 East 20th StreetSpencer, IA 51301

(712) 262-5887

Siviq Scores

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

Liabilities / Assets

91st percentile

0.90x

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

2013 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

93rd percentile

3.71x

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

2013 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2013

Net Margin

43rd percentile

2.7%

Higher net margin than 43% of similar nonprofits.

2013 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

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

2013 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2013

Asset Growth

19th percentile

-5.1%

Faster asset growth than 19% of similar nonprofits.

2013 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

54th percentile

4.3%

Faster revenue growth than 54% of similar nonprofits.

2013 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$2,092,326

Down $111,562 (-5.1%) from 2012

Net Assets

Up

$200,814

Up $13,764 (+7.4%) from 2012

Liabilities

Down

$1,891,512

Down $125,326 (-6.2%) from 2012

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin43rd percentile

Revenue

$509,458

No earlier filing loaded for comparison.

Expenses

Up

$495,694

Up $6,871 (+1.4%) from 2012

Net Income

$13,764

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,197,872Liabilities 2011: $2,021,634Net Assets 2011: $176,2382011Assets 2012: $2,203,888Liabilities 2012: $2,016,838Net Assets 2012: $187,0502012Assets 2013: $2,092,326Liabilities 2013: $1,891,512Net Assets 2013: $200,8142013Assets 2014: $1,997,619Liabilities 2014: $1,773,448Net Assets 2014: $224,1712014Assets 2015: $1,919,952Liabilities 2015: $1,663,424Net Assets 2015: $256,5282015Assets 2016: $1,816,464Liabilities 2016: $1,553,934Net Assets 2016: $262,5302016Assets 2017: $1,716,923Liabilities 2017: $1,457,367Net Assets 2017: $259,5562017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2013

Assets$2,092,326
Liabilities$1,891,512
Net Assets$200,814
Open 2013 Filing

Operations Trend

Revenue Growth54th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $468,686Expenses 2011: $465,037Net Income 2011: $3,6492011Expenses 2012: $488,8232012Revenue 2013: $509,458Expenses 2013: $495,694Net Income 2013: $13,7642013Revenue 2014: $519,952Expenses 2014: $511,699Net Income 2014: $8,2532014Revenue 2015: $515,368Expenses 2015: $483,011Net Income 2015: $32,3572015Revenue 2016: $553,029Expenses 2016: $547,027Net Income 2016: $6,0022016Revenue 2017: $506,156Expenses 2017: $509,130Net Income 2017: -$2,9742017Revenue 2018: $442,283Expenses 2018: $256,718Net Income 2018: $185,5652018

Highlighted filing

2013

Revenue$509,458
Expenses$495,694
Net Income$13,764
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 15, 2014
Return Version
2013v3.1
Gross Receipts
$509,458
Mission and Program Overview

Mission

Senior Citizen Housing Project - Built and operated under rules and regulations of the U.S. Housing and Urban Development Apartments - rentals and operating expense.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,569,143$1,486,890▼ $82,253
Savings and Temporary Cash Investments$591,508$536,542▼ $54,966
Cash and Non-Interest-Bearing Accounts$31,758$54,266▲ $22,508
Prepaid Expenses and Deferred Charges$9,922$12,209▲ $2,287
Accounts Receivable$1,557$2,419▲ $862
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,203,888$2,092,326▼ $111,562
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,896,244$1,821,724▼ $74,520
Accounts Payable and Accrued Expenses$120,594$69,788▼ $50,806
Total Liabilities$2,016,838$1,891,512▼ $125,326
Net Assets / Fund Balance
Unrestricted Net Assets$187,050$200,814▲ $13,764
Total Net Assets Fund Balance$187,050$200,814▲ $13,764
Total Liabilities and Net Assets / Fund Balance$2,203,888$2,092,326▼ $111,562

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,357,013$2,205,814$3,562,827
Other Land Buildings$48,975$251,893$300,868
Equipment$44,294$138,499$182,793
Land$36,608-$36,608
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Neal DrefkePresident
Duaine HolckVice President
Bill KerstingDirector
Deb SundallDirector
Deb WoodcockDirector
Kathy AndersonDirector
Janice PetersonSecretary
Rev Dale HodgesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$507,614
Investment Income
$1,844
Other Revenue
$0
Change in Net Assets
$13,764

Audited Revenue Reconciliation

Revenue per Audited Statements
$506,019
Revenue Not Reported on Financial Statements
$3,439
Other Revenue Adjustments
$3,439
Total Revenue per Audited Statements
$506,019
Total Revenue per Form 990
$509,458
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$417,189
Salaries, Compensation, and Employee Benefits$78,505
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$97,552--$97,552
Interest$85,075--$85,075
Other Salaries and Wages$53,726$17,908-$71,634
Insurance$38,480$7,588-$46,068
All Other Expenses$19,747--$19,747
Fees for Services Accounting-$15,355-$15,355
Other Expenses$11,878--$11,878
Office Expenses$7,097$2,365-$9,462
Payroll Taxes$5,153$1,718-$6,871
Advertising$2,797--$2,797
Total Functional Expenses$450,760$44,934$0$495,694

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$495,694
Total Expenses per Audited Statements$495,694
Total Expenses per Form 990$495,694
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 is reviewed by the board of director's meeting prior to being filed.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“No conflicts have been identified as all of the board of directors are independent.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The board of directors review and approve all compensation annually.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Disclosure of governing documents, policies, and financial statements are available upon request.”

Filing and Contact Details

Filer

EIN
42-0919783
Phone
7122625887

Signing Officer

Name
Neal Drefke
Title
President
Signed
2014-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1960
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
5

Preparer

Preparer
D Jeffrey Crew
Phone
7122623117
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“No income tax provision has been made since the corporation is exempt from income taxes under code section 501(c)(4) of the internal revenue service. Effective january 1, 2009, the organization adopted the applicable tax basis provisions of financial accounting standards board's, accounting standards codification 740-10 (formerly fin 48), accounting for uncertainty in income taxes. The organization believes that neither the project nor its nonprofit owners are subject to income taxes.”

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Director's account activity $3439”

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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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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01135
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1499082
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27397
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01135
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1499082
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27397
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02721
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0412496
IRS990/PYProgramServiceRevenueAmt0496914
IRS990/PYRevenuesLessExpensesAmt010812
IRS990/PYSalariesCompEmpBnftPaidAmt076327
IRS990/PYTotalExpensesAmt0488823
IRS990/PYTotalRevenueAmt0499635
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt013764
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0507614
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0591508
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0536542
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01357013
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02205814
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03562827
IRS990ScheduleD/EquipmentGrp/BookValueAmt044294
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0138499
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0182793
IRS990ScheduleD/ExpensesSubtotalAmt0495694
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt036608
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt036608
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt048975
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0251893
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0300868
IRS990ScheduleD/OtherRevenuesNotIncludedAmt03439
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt03439
IRS990ScheduleD/RevenueSubtotalAmt0506019
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO INCOME TAX PROVISION HAS BEEN MADE SINCE THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER CODE SECTION 501(C)(4) OF THE INTERNAL REVENUE SERVICE. EFFECTIVE JANUARY 1, 2009, THE ORGANIZATION ADOPTED THE APPLICABLE TAX BASIS PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD'S, ACCOUNTING STANDARDS CODIFICATION 740-10 (FORMERLY FIN 48), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION BELIEVES THAT NEITHER THE PROJECT NOR ITS NONPROFIT OWNERS ARE SUBJECT TO INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECTOR'S ACCOUNT ACTIVITY $3439
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01486890
IRS990ScheduleD/TotalExpensesPerForm990Amt0495694
IRS990ScheduleD/TotalRevenuePerForm990Amt0509458
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0506019
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0495694
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD OF DIRECTOR'S MEETING PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO CONFLICTS HAVE BEEN IDENTIFIED AS ALL OF THE BOARD OF DIRECTORS ARE INDEPENDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEW AND APPROVE ALL COMPENSATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DISCLOSURE OF GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02203888
IRS990/TotalAssetsEOYAmt02092326
IRS990/TotalAssetsGrp/BOYAmt02203888
IRS990/TotalAssetsGrp/EOYAmt02092326
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044934
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0450760
IRS990/TotalFunctionalExpensesGrp/TotalAmt0495694
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02016838
IRS990/TotalLiabilitiesEOYAmt01891512
IRS990/TotalLiabilitiesGrp/BOYAmt02016838
IRS990/TotalLiabilitiesGrp/EOYAmt01891512
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0187050
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0200814
IRS990/TotalProgramServiceExpensesAmt0450760
IRS990/TotalProgramServiceRevenueAmt0507614
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0509458
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0509458
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02203888
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02092326
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0187050
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0200814
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NEAL DREFKE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10SUNSET RETIREMENT HOME INC
ReturnHeader/Filer/BusinessNameControlTxt0SUNS
ReturnHeader/Filer/EIN0420919783
ReturnHeader/Filer/PhoneNum07122625887
ReturnHeader/Filer/USAddress/AddressLine10111 EAST 20TH STREET
ReturnHeader/Filer/USAddress/City0SPENCER
ReturnHeader/Filer/USAddress/State0IA
ReturnHeader/Filer/USAddress/ZIPCode051301
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10WINTHER STAVE & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101316 W 18TH ST PO BOX 175
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0SPENCER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0513010175
ReturnHeader/PreparerPersonGrp/PhoneNum07122623117

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,092,326
Liabilities
$1,891,512
Net assets
$200,814
Revenue
$509,458
Expenses
$495,694
Net income
$13,764
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.44$0.26$0.19
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$1.46$0.26$0.51$0.51$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$1.55$0.26$0.55$0.55$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$1.66$0.26$0.52$0.48$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.00$1.77$0.22$0.52$0.51$0.01
2013Detailed filing. Detailed filing data is available for this year.$2.09$1.89$0.20$0.51$0.50$0.01
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.20$2.02$0.19$0.49
2011Summary only. Only limited summary data is available for this year.$2.20$2.02$0.18$0.47$0.47$0.00