Civic Intelligence

Spring Apartments Inc

990EZ • Fiscal year 2022 • EIN 42-0981447

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 20, 2023

Organization Profile
PO Box 476Algona, IA 50511

(515) 295-2927

Siviq Scores

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

Liabilities / Assets

81st percentile

0.17x

Higher debt load relative to assets than 81% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.08x

Higher debt load relative to revenue than 75% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Net Margin

16th percentile

-24%

Higher net margin than 16% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Asset Growth

11th percentile

-33%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

32nd percentile

-3.5%

Faster revenue growth than 32% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$31,496

Down $15,391 (-33%) from 2021

Net Assets

Down

$26,241

Down $15,466 (-37%) from 2021

Liabilities

Up

$5,255

Up $75 (+1.4%) from 2021

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin16th percentile

Revenue

Down

$63,141

Down $2,324 (-3.5%) from 2021

Expenses

Up

$78,607

Up $12,863 (+20%) from 2021

Net Income

Down

-$15,466

Down $15,187 (-5443%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$80K$60K$40K$20K$0Assets 2011: $75,422Liabilities 2011: $34,7302011Assets 2012: $72,859Liabilities 2012: $30,1482012Assets 2013: $63,695Liabilities 2013: $24,0442013Assets 2014: $51,572Liabilities 2014: $19,6532014Assets 2015: $60,933Liabilities 2015: $13,6642015Assets 2016: $60,545Liabilities 2016: $3,9342016Assets 2017: $58,074Liabilities 2017: $4,5642017Assets 2018: $58,186Liabilities 2018: $3,8202018Assets 2019: $53,495Liabilities 2019: $5,0702019Assets 2020: $47,092Liabilities 2020: $5,106Net Assets 2020: $41,9862020Assets 2021: $46,887Liabilities 2021: $5,180Net Assets 2021: $41,7072021Assets 2022: $31,496Liabilities 2022: $5,255Net Assets 2022: $26,2412022Assets 2023: $17,147Liabilities 2023: $8,130Net Assets 2023: $9,0172023Assets 2024: $25,252Liabilities 2024: $6,370Net Assets 2024: $18,8822024

Highlighted filing

2022

Assets$31,496
Liabilities$5,255
Net Assets$26,241
Open 2022 Filing

Operations Trend

Revenue Growth32nd percentile

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

$100K$50K$0-$50KRevenue 2011: $46,669Expenses 2011: $46,622Net Income 2011: $472011Revenue 2012: $44,904Expenses 2012: $42,885Net Income 2012: $2,0192012Revenue 2013: $48,053Expenses 2013: $51,113Net Income 2013: -$3,0602013Revenue 2014: $49,998Expenses 2014: $57,730Net Income 2014: -$7,7322014Revenue 2015: $57,981Expenses 2015: $42,631Net Income 2015: $15,3502015Revenue 2016: $52,262Expenses 2016: $42,920Net Income 2016: $9,3422016Revenue 2017: $48,544Expenses 2017: $51,645Net Income 2017: -$3,1012017Revenue 2018: $57,090Expenses 2018: $56,234Net Income 2018: $8562018Revenue 2019: $50,498Expenses 2019: $56,439Net Income 2019: -$5,9412019Revenue 2020: $60,608Expenses 2020: $67,047Net Income 2020: -$6,4392020Revenue 2021: $65,465Expenses 2021: $65,744Net Income 2021: -$2792021Revenue 2022: $63,141Expenses 2022: $78,607Net Income 2022: -$15,4662022Revenue 2023: $76,740Expenses 2023: $93,964Net Income 2023: -$17,2242023Revenue 2024: $76,146Expenses 2024: $66,281Net Income 2024: $9,8652024

Highlighted filing

2022

Revenue$63,141
Expenses$78,607
Net Income-$15,466
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 20, 2023
Return Version
2022v5.0
Gross Receipts
$63,141
Mission and Program Overview

Mission

To provide low rent housing in Lime Springs, Iowa.

Program Services

DescriptionGrantsExpenses
To provide low rent housing for the elderly, disabled, and families in Lime Springs.$0$78,607
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bruce LeversonPresident-$0--
Sandy JohnsonVice President-$0--
Betty RoeslerSecretary/Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Spring Apartments Inc
EIN
42-0981447
Phone
5152952927
Address
PO Box 476, Algona, IA 50511

Signing Officer

Name
Bruce Leverson
Title
Board President
Phone
5632031293
Signed
2023-06-20
Discuss with paid preparer
Yes

Preparer

Firm
Murphy Enterprises Inc
Address
Murphy Enterprises Inc, Algona, IA 50511
Preparer
William Murphy
Phone
5152952927
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

“Laundry $65 and Tenant Charges $825”

Form 990-EZ, Part I, Line 16

“Depreciation $3127 and Capital Improvements $16224”

Form 990-EZ, Part II, Line 26

“Security Deposits $5255”

Raw XML Appendix136 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Murphy Realty & Management Inc
IRS990EZ/BooksInCareOfDetail/PhoneNum05152952927
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0208 East State Street
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Algona
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd050511
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt034074
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt021810
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-15466
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt06450
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt046887
IRS990EZ/Form990TotalAssetsGrp/EOYAmt031496
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt063141
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt012813
IRS990EZ/LandAndBuildingsGrp/EOYAmt09686
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt041707
IRS990EZ/NetAssetsOrFundBalancesEOYAmt026241
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt041707
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt026241
IRS990EZ/OccupancyRentUtltsAndMaintAmt052806
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Bruce Leverson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Sandy Johnson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Betty Roesler
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary/Treasurer
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt019351
IRS990EZ/OtherRevenueTotalAmt0890
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To provide low rent housing in Lime Springs, Iowa.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt062251
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To provide low rent housing for the elderly, disabled, and families in Lime Springs.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt078607
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt05180
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt05255
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt078607
IRS990EZ/TotalProgramServiceExpensesAmt078607
IRS990EZ/TotalRevenueAmt063141
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Laundry $65 and Tenant Charges $825
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation $3127 and Capital Improvements $16224
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Security Deposits $5255
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Bruce Leverson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board President
ReturnHeader/BusinessOfficerGrp/PhoneNum05632031293
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPRING APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0420981447
ReturnHeader/Filer/PhoneNum05152952927
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 476
ReturnHeader/Filer/USAddress/CityNm0Algona
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050511
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270007462
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Murphy Enterprises Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0Murphy Enterprises Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Algona
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050511
ReturnHeader/PreparerPersonGrp/PhoneNum05152952927
ReturnHeader/PreparerPersonGrp/PreparationDt02023-06-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William Murphy
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-06-20T09:44:26-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$31,496
Liabilities
$5,255
Net assets
$26,241
Revenue
$63,141
Expenses
$78,607
Net income
-$15,466
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.3$6.37$18.9$76.1$66.3$9.87
2023Detailed filing. Detailed filing data is available for this year.$17.1$8.13$9.02$76.7$94.0$17.2
2022Detailed filing. Detailed filing data is available for this year.$31.5$5.26$26.2$63.1$78.6$15.5
2021Detailed filing. Detailed filing data is available for this year.$46.9$5.18$41.7$65.5$65.7$0.28
2020Detailed filing. Detailed filing data is available for this year.$47.1$5.11$42.0$60.6$67.0$6.44
2019Summary only. Only limited summary data is available for this year.$53.5$5.07$50.5$56.4$5.94
2018Summary only. Only limited summary data is available for this year.$58.2$3.82$57.1$56.2$0.86
2017Summary only. Only limited summary data is available for this year.$58.1$4.56$48.5$51.6$3.10
2016Summary only. Only limited summary data is available for this year.$60.5$3.93$52.3$42.9$9.34
2015Summary only. Only limited summary data is available for this year.$60.9$13.7$58.0$42.6$15.4
2014Summary only. Only limited summary data is available for this year.$51.6$19.7$50.0$57.7$7.73
2013Summary only. Only limited summary data is available for this year.$63.7$24.0$48.1$51.1$3.06
2012Summary only. Only limited summary data is available for this year.$72.9$30.1$44.9$42.9$2.02
2011Summary only. Only limited summary data is available for this year.$75.4$34.7$46.7$46.6$0.05