Civic Intelligence

Brooklyn Housing Inc

990 • Fiscal year 2016 • EIN 42-1022677

Jan 01, 2016 to Dec 31, 2016 • Filed on May 01, 2017

Organization ProfileN/A
100 Crabtree RdMontezuma, IA 50171

(641) 623-5026

Siviq Scores

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

Liabilities / Assets

91st percentile

0.80x

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

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

4.53x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Asset Growth

27th percentile

-3.3%

Faster asset growth than 27% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

34th percentile

-1.9%

Faster revenue growth than 34% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$793,302

Down $26,756 (-3.3%) from 2015

Net Assets

Down

$159,222

Down $29,588 (-16%) from 2015

Liabilities

Up

$634,080

Up $2,832 (+0.4%) from 2015

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin13th percentile

Revenue

Down

$139,916

Down $2,733 (-1.9%) from 2015

Expenses

Up

$169,504

Up $7,949 (+4.9%) from 2015

Net Income

Down

-$29,588

Down $10,682 (-57%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$1.0M$500K$0Assets 2010: $925,509Liabilities 2010: $607,646Net Assets 2010: $317,8632010Assets 2011: $906,222Liabilities 2011: $610,260Net Assets 2011: $295,9622011Assets 2012: $889,828Liabilities 2012: $617,135Net Assets 2012: $272,6932012Assets 2013: $882,019Liabilities 2013: $626,056Net Assets 2013: $255,9632013Assets 2014: $834,091Liabilities 2014: $626,375Net Assets 2014: $207,7162014Assets 2015: $820,058Liabilities 2015: $631,248Net Assets 2015: $188,8102015Assets 2016: $793,302Liabilities 2016: $634,080Net Assets 2016: $159,2222016Assets 2017: $771,935Liabilities 2017: $629,930Net Assets 2017: $142,0052017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $744,453Liabilities 2020: $533,360Net Assets 2020: $211,0932020Assets 2021: $728,460Liabilities 2021: $526,200Net Assets 2021: $202,2602021Assets 2022: $702,104Liabilities 2022: $519,041Net Assets 2022: $183,0632022Assets 2023: $684,971Liabilities 2023: $511,881Net Assets 2023: $173,0902023Assets 2024: $704,186Liabilities 2024: $504,722Net Assets 2024: $199,4642024

Highlighted filing

2016

Assets$793,302
Liabilities$634,080
Net Assets$159,222
Open 2016 Filing

Operations Trend

Revenue Growth34th percentile

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

$200K$100K$0-$100KExpenses 2010: $139,7802010Expenses 2011: $150,5112011Revenue 2012: $137,890Expenses 2012: $161,159Net Income 2012: -$23,2692012Revenue 2013: $143,339Expenses 2013: $160,069Net Income 2013: -$16,7302013Revenue 2014: $139,033Expenses 2014: $187,280Net Income 2014: -$48,2472014Revenue 2015: $142,649Expenses 2015: $161,555Net Income 2015: -$18,9062015Revenue 2016: $139,916Expenses 2016: $169,504Net Income 2016: -$29,5882016Revenue 2017: $149,032Expenses 2017: $166,249Net Income 2017: -$17,2172017Revenue 2020: $122,733Expenses 2020: $133,031Net Income 2020: -$10,2982020Revenue 2021: $138,735Expenses 2021: $147,568Net Income 2021: -$8,8332021Revenue 2022: $137,736Expenses 2022: $156,933Net Income 2022: -$19,1972022Revenue 2023: $181,120Expenses 2023: $191,093Net Income 2023: -$9,9732023Revenue 2024: $186,411Expenses 2024: $160,037Net Income 2024: $26,3742024

Highlighted filing

2016

Revenue$139,916
Expenses$169,504
Net Income-$29,588
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 1, 2017
Return Version
2016v3.0
Gross Receipts
$139,916
Mission and Program Overview

Mission

Provide affordable housing for elderly rural residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$673,387$651,591▼ $21,796
Savings and Temporary Cash Investments$110,910$105,393▼ $5,517
Cash and Non-Interest-Bearing Accounts$35,123$35,680▲ $557
Prepaid Expenses and Deferred Charges$638$638→ $0
Total Assets$820,058$793,302▼ $26,756
Liabilities
Mortgage Notes Payable Secured by Investment Property$616,941$619,205▲ $2,264
Other Liabilities$10,451$9,717▼ $734
Accounts Payable and Accrued Expenses$3,856$5,158▲ $1,302
Total Liabilities$631,248$634,080▲ $2,832
Net Assets / Fund Balance
Unrestricted Net Assets$188,810$159,222▼ $29,588
Total Net Assets Fund Balance$188,810$159,222▼ $29,588
Total Liabilities and Net Assets / Fund Balance$820,058$793,302▼ $26,756

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$589,818$763,087$1,352,905
Other Land Buildings$4,421$114,608$119,029
Land$43,371-$43,371
Equipment$13,981$2,419$16,400
Compensation and Service Providers
Top Officer Pay67th percentile

Board Members and Trustees

NameTitle
Terry KloppenburgPresident
Ken ClineDirector
Melinda HolderDirector
Steve AligDirector
Karen McnaulManager
Marie HedlundSecretary
Lon FisherTreasurer
Deborah WhiteVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,000
Program Service Revenue
$137,544
Investment Income
$372
Other Revenue
$0
All Other Contributions
$2,000
Change in Net Assets
$-29,588

Audited Revenue Reconciliation

Revenue per Audited Statements
$139,916
Total Revenue per Audited Statements
$139,916
Total Revenue per Form 990
$139,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,504
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$62,682--$62,682
Depreciation Depletion$42,847--$42,847
Interest$33,273--$33,273
Fees for Services Management-$16,942-$16,942
Insurance$7,955--$7,955
Fees for Services Accounting-$5,485-$5,485
Fees for Services Legal-$136-$136
Office Expenses-$113-$113
Advertising-$71-$71
Total Functional Expenses$146,757$22,747$0$169,504

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$169,504
Total Expenses per Audited Statements$169,504
Total Expenses per Form 990$169,504
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Karen McnaulSee Part VSee Part VNo$16,942
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$9,717
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Management duties have been contracted to mcnaul real estate, inc. Of montezuma, iowa. Mcnaul's compensation is based on occupied units per month that are approved by usda rural development. Duties include accounting, accepting and approving tenant applications and other responsibilities included in an approved agreement with usda rural development.”

Form 990, Page 6, Part VI, Line 8B

“The board of directors meet monthly and minutes of each meeting is maintained. There are no committees that report to the board.”

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

“Copy of the form 990 is provided to the management company and the board for review prior to submission to the irs.”

Form 990, Page 6, Part VI, Line 12C

“The organization's housing project is regulated by usda rural development. Usda rural development requires that every 3 years conflict of interest forms are completed by the organization.”

Form 990, Page 6, Part VI, Line 19

“The organizations governing documents, policies and financial statements are available at the management companies address listed on the form 990.”

Filing and Contact Details

Filer

Filer Name
Brooklyn Housing Inc
EIN
42-1022677
Phone
6416235026
Address
100 CRABTREE RD, MONTEZUMA, IA 50171

Signing Officer

Name
Terry Kloppenburg
Title
President
Phone
6416235026
Signed
2017-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Kloppenburg
Formed
1975
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Td&t Cpas and Advisors Pc
Address
1700 42ND ST NE, CEDAR RAPIDS, IA 52402
Preparer
Amanda L Lane CPA
Phone
3193932374
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization has obtained exemption from federal income tax under internal revenue code section 501(c)(4). The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Raw XML Appendix348 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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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0KAREN MCNAUL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt016942
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE PART V
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0KAREN MCNAUL, PROPERTY MANAGER, IS 100% OWNER OF MCNAUL REAL ESTATE, INC. DURING THE YEAR ENDED DECEMBER 31, 2016, MANAGEMENT FEES IN THE AMOUNT OF 16,942 WERE PAID TO MCNAUL REAL ESTATE, INC. THE MANAGEMENT FEES ARE APPROVED BY THE BOARD OF DIRECTORS OF WHICH KAREN MCNAUL IS A NON-VOTING MEMBER. ALL MANAGEMENT AGREEMENTS ARE ALSO APPROVED BY USDA RURAL DEVELOPMENT.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DUTIES HAVE BEEN CONTRACTED TO MCNAUL REAL ESTATE, INC. OF MONTEZUMA, IOWA. MCNAUL'S COMPENSATION IS BASED ON OCCUPIED UNITS PER MONTH THAT ARE APPROVED BY USDA RURAL DEVELOPMENT. DUTIES INCLUDE ACCOUNTING, ACCEPTING AND APPROVING TENANT APPLICATIONS AND OTHER RESPONSIBILITIES INCLUDED IN AN APPROVED AGREEMENT WITH USDA RURAL DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS MEET MONTHLY AND MINUTES OF EACH MEETING IS MAINTAINED. THERE ARE NO COMMITTEES THAT REPORT TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPY OF THE FORM 990 IS PROVIDED TO THE MANAGEMENT COMPANY AND THE BOARD FOR REVIEW PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S HOUSING PROJECT IS REGULATED BY USDA RURAL DEVELOPMENT. USDA RURAL DEVELOPMENT REQUIRES THAT EVERY 3 YEARS CONFLICT OF INTEREST FORMS ARE COMPLETED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATIONS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE MANAGEMENT COMPANIES ADDRESS LISTED ON THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0820058
IRS990/TotalAssetsEOYAmt0793302
IRS990/TotalAssetsGrp/BOYAmt0820058
IRS990/TotalAssetsGrp/EOYAmt0793302
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022747
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0146757
IRS990/TotalFunctionalExpensesGrp/TotalAmt0169504
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0631248
IRS990/TotalLiabilitiesEOYAmt0634080
IRS990/TotalLiabilitiesGrp/BOYAmt0631248
IRS990/TotalLiabilitiesGrp/EOYAmt0634080
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0188810
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0159222
IRS990/TotalProgramServiceExpensesAmt0146757
IRS990/TotalProgramServiceRevenueAmt0137544
IRS990/TotalRevenueGrp/ExclusionAmt02812
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0135104
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0139916
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0820058
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0793302
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0188810
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0159222
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 CRABTREE ROAD
IRS990/USAddress/CityNm0MONTEZUMA
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050171
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY KLOPPENBURG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06416235026
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BROOKLYN HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0BROO
ReturnHeader/Filer/EIN0421022677
ReturnHeader/Filer/PhoneNum06416235026
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 CRABTREE RD
ReturnHeader/Filer/USAddress/CityNm0MONTEZUMA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050171
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F8E8C302B45B67843F13B8EA9C208F1DCF85C19A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0389016A9205CDDBE911302A3A824BEE521AEA736
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421029744
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TD&T CPAS AND ADVISORS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01700 42ND ST NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CEDAR RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052402
ReturnHeader/PreparerPersonGrp/PhoneNum03193932374
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMANDA L LANE CPA
ReturnHeader/ReturnTs02017-05-04T08:52:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$793,302
Liabilities
$634,080
Net assets
$159,222
Revenue
$139,916
Expenses
$169,504
Net income
-$29,588
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.04$5.05$1.99$1.86$1.60$0.26
2023Detailed filing. Detailed filing data is available for this year.$6.85$5.12$1.73$1.81$1.91$0.10
2022Detailed filing. Detailed filing data is available for this year.$7.02$5.19$1.83$1.38$1.57$0.19
2021Detailed filing. Detailed filing data is available for this year.$7.28$5.26$2.02$1.39$1.48$0.09
2020Detailed filing. Detailed filing data is available for this year.$7.44$5.33$2.11$1.23$1.33$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$7.72$6.30$1.42$1.49$1.66$0.17
2016Detailed filing. Detailed filing data is available for this year.$7.93$6.34$1.59$1.40$1.70$0.30
2015Detailed filing. Detailed filing data is available for this year.$8.20$6.31$1.89$1.43$1.62$0.19
2014Detailed filing. Detailed filing data is available for this year.$8.34$6.26$2.08$1.39$1.87$0.48
2013Detailed filing. Detailed filing data is available for this year.$8.82$6.26$2.56$1.43$1.60$0.17
2012Summary only. Only limited summary data is available for this year.$8.90$6.17$2.73$1.38$1.61$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.06$6.10$2.96$1.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.26$6.08$3.18$1.40