Civic Intelligence

Town Apartments Corporation

EIN 42-1069892 • 501(c)4 • Algona, IA

Profile

To provide low rent housing in Gilman, Iowa.

PO Box 476Algona, IA 50511
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.26x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.33x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

29th percentile

-11%

Higher net margin than 29% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

501(c)4 • <$500k nonprofits • Source year 2024

Asset Growth

34th percentile

-12%

Faster asset growth than 34% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

8.2%

Faster revenue growth than 65% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$185,842

Down $25,288 (-12%) from 2023

Liabilities

Down

$49,086

Down $8,913 (-15%) from 2023

Net Assets

Down

$136,756

Down $16,375 (-11%) from 2023

Operations
Liabilities / Revenue88th percentileNet Margin29th percentile

Revenue

Up

$150,362

Up $11,352 (+8.2%) from 2023

Expenses

Up

$166,737

Up $18,505 (+12%) from 2023

Net Income

Down

-$16,375

Down $7,153 (-78%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth34th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2011: $290,653Liabilities 2011: $201,9492011Assets 2012: $289,972Liabilities 2012: $189,5732012Assets 2013: $270,911Liabilities 2013: $177,7032013Assets 2014: $245,774Liabilities 2014: $165,0882014Assets 2015: $236,201Liabilities 2015: $153,1482015Assets 2016: $236,600Liabilities 2016: $141,5092016Assets 2017: $244,662Liabilities 2017: $131,3072017Assets 2018: $243,774Liabilities 2018: $120,1302018Assets 2019: $235,880Liabilities 2019: $108,4922019Assets 2020: $228,939Liabilities 2020: $96,299Net Assets 2020: $132,6402020Assets 2021: $233,657Liabilities 2021: $83,224Net Assets 2021: $150,4332021Assets 2022: $231,112Liabilities 2022: $68,759Net Assets 2022: $162,3532022Assets 2023: $211,130Liabilities 2023: $57,999Net Assets 2023: $153,1312023Assets 2024: $185,842Liabilities 2024: $49,086Net Assets 2024: $136,7562024

Highlighted filing

2024

Assets$185,842
Liabilities$49,086
Net Assets$136,756
Open 2024 Filing

Operations Trend

Revenue Growth65th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2011: $94,214Expenses 2011: $91,532Net Income 2011: $2,6822011Revenue 2012: $97,066Expenses 2012: $85,371Net Income 2012: $11,6952012Revenue 2013: $92,530Expenses 2013: $99,721Net Income 2013: -$7,1912013Revenue 2014: $110,707Expenses 2014: $121,385Net Income 2014: -$10,6782014Revenue 2015: $111,657Expenses 2015: $109,290Net Income 2015: $2,3672015Revenue 2016: $109,904Expenses 2016: $97,866Net Income 2016: $12,0382016Revenue 2017: $114,299Expenses 2017: $96,035Net Income 2017: $18,2642017Revenue 2018: $114,380Expenses 2018: $104,091Net Income 2018: $10,2892018Revenue 2019: $123,290Expenses 2019: $119,546Net Income 2019: $3,7442019Revenue 2020: $118,550Expenses 2020: $113,298Net Income 2020: $5,2522020Revenue 2021: $128,089Expenses 2021: $110,296Net Income 2021: $17,7932021Revenue 2022: $129,237Expenses 2022: $117,317Net Income 2022: $11,9202022Revenue 2023: $139,010Expenses 2023: $148,232Net Income 2023: -$9,2222023Revenue 2024: $150,362Expenses 2024: $166,737Net Income 2024: -$16,3752024

Highlighted filing

2024

Revenue$150,362
Expenses$166,737
Net Income-$16,375
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$185,842
Liabilities
$49,086
Net assets
$136,756
Revenue
$150,362
Expenses
$166,737
Net income
-$16,375
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.86$0.49$1.37$1.50$1.67$0.16
2023Detailed filing. Detailed filing data is available for this year.$2.11$0.58$1.53$1.39$1.48$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.31$0.69$1.62$1.29$1.17$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.34$0.83$1.50$1.28$1.10$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.29$0.96$1.33$1.19$1.13$0.05
2019Summary only. Only limited summary data is available for this year.$2.36$1.08$1.23$1.20$0.04
2018Summary only. Only limited summary data is available for this year.$2.44$1.20$1.14$1.04$0.10
2017Summary only. Only limited summary data is available for this year.$2.45$1.31$1.14$0.96$0.18
2016Summary only. Only limited summary data is available for this year.$2.37$1.42$1.10$0.98$0.12
2015Summary only. Only limited summary data is available for this year.$2.36$1.53$1.12$1.09$0.02
2014Summary only. Only limited summary data is available for this year.$2.46$1.65$1.11$1.21$0.11
2013Summary only. Only limited summary data is available for this year.$2.71$1.78$0.93$1.00$0.07
2012Summary only. Only limited summary data is available for this year.$2.90$1.90$0.97$0.85$0.12
2011Summary only. Only limited summary data is available for this year.$2.91$2.02$0.94$0.92$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 30, 2025
Return Version
2024v5.0
Gross Receipts
$150,362
Mission and Program Overview

Mission

To provide low rent housing in Gilman, Iowa.

Program Services

DescriptionGrantsExpenses
To provide low rent housing for the elderly, disabled, and families in Gilman.$0$166,739
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim HulinPresident-$0--
Jim ChedesterVice President-$0--
Linda WeirSecretary/Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Town Apartments Corporation
EIN
42-1069892
Phone
5152952927
Address
PO Box 476, Algona, IA 50511

Signing Officer

Name
Kim Hulin
Title
President
Phone
6418441441
Signed
2025-04-30
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 $2854 and Tenant Charges $835”

Form 990-EZ, Part I, Line 16

“Depreciation $18837 and Interest $2228”

Form 990-EZ, Part II, Line 26

“Mortgage Balance $38159 and Security Deposits $10927”

Raw XML Appendix132 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/BOYAmt0143967
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0130005
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-16375
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt016610
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0211130
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0185842
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0150362
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt01063
IRS990EZ/LandAndBuildingsGrp/BOYAmt067163
IRS990EZ/LandAndBuildingsGrp/EOYAmt055837
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0153131
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0136756
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0153131
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0136756
IRS990EZ/OccupancyRentUtltsAndMaintAmt0129062
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/PersonNm0Kim Hulin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Jim Chedester
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Linda Weir
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/OtherExpensesTotalAmt021065
IRS990EZ/OtherRevenueTotalAmt03689
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To provide low rent housing in Gilman, Iowa.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt0145610
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To provide low rent housing for the elderly, disabled, and families in Gilman.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0166739
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt057999
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt049086
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0166737
IRS990EZ/TotalProgramServiceExpensesAmt0166739
IRS990EZ/TotalRevenueAmt0150362
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Laundry $2854 and Tenant Charges $835
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation $18837 and Interest $2228
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mortgage Balance $38159 and Security Deposits $10927
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/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Kim Hulin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06418441441
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TOWN APARTMENTS CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0TOWN
ReturnHeader/Filer/EIN0421069892
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/PreparationDt02025-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William Murphy
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-30T17:29:14-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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