Civic Intelligence

Meyers Meadow Inc

EIN 42-1075067 • 501(c)4 • Mechanicsville, IA

Profile

Provide low income housing for elderly.

C/O Rightway Management ServicesMechanicsville, IA 52306
Siviq Scores

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

Liabilities / Assets

93rd percentile

0.83x

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

501(c)4 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

1.76x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2023

Net Margin

21st percentile

-9.7%

Higher net margin than 21% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

16th percentile

-8.8%

Faster asset growth than 16% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

54th percentile

7.7%

Faster revenue growth than 54% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$601,188

Down $51,152 (-7.8%) from 2023

Liabilities

Down

$501,591

Down $38,055 (-7.1%) from 2023

Net Assets

Down

$99,597

Down $13,097 (-12%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin21st percentile

Revenue

Up

$331,239

Up $24,238 (+7.9%) from 2023

Expenses

Up

$344,336

Up $7,406 (+2.2%) from 2023

Net Income

Up

-$13,097

Up $16,832 (+56%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth16th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $862,412Liabilities 2010: $1,026,687Net Assets 2010: -$164,2752010Assets 2011: $869,076Liabilities 2011: $1,003,282Net Assets 2011: -$134,2062011Assets 2012: $863,537Liabilities 2012: $991,265Net Assets 2012: -$127,7282012Assets 2013: $849,643Liabilities 2013: $964,839Net Assets 2013: -$115,1962013Assets 2014: $904,291Liabilities 2014: $937,970Net Assets 2014: -$33,6792014Assets 2015: $899,965Liabilities 2015: $920,974Net Assets 2015: -$21,0092015Assets 2016: $862,111Liabilities 2016: $894,424Net Assets 2016: -$32,3132016Assets 2017: $849,686Liabilities 2017: $867,850Net Assets 2017: -$18,1642017Assets 2018: $824,523Liabilities 2018: $834,636Net Assets 2018: -$10,1132018Assets 2019: $809,023Liabilities 2019: $803,944Net Assets 2019: $5,0792019Assets 2020: $770,479Liabilities 2020: $775,973Net Assets 2020: -$5,4942020Assets 2021: $752,585Liabilities 2021: $607,310Net Assets 2021: $145,2752021Assets 2022: $715,195Liabilities 2022: $572,572Net Assets 2022: $142,6232022Assets 2023: $652,340Liabilities 2023: $539,646Net Assets 2023: $112,6942023Assets 2024: $601,188Liabilities 2024: $501,591Net Assets 2024: $99,5972024

Highlighted filing

2024

Assets$601,188
Liabilities$501,591
Net Assets$99,597
Open 2024 Filing

Operations Trend

Revenue Growth54th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $194,0662010Revenue 2011: $219,270Expenses 2011: $189,201Net Income 2011: $30,0692011Expenses 2012: $242,4952012Revenue 2013: $253,257Expenses 2013: $240,725Net Income 2013: $12,5322013Revenue 2014: $305,323Expenses 2014: $223,806Net Income 2014: $81,5172014Revenue 2015: $259,570Expenses 2015: $246,900Net Income 2015: $12,6702015Revenue 2016: $267,586Expenses 2016: $235,643Net Income 2016: $31,9432016Revenue 2017: $277,314Expenses 2017: $263,165Net Income 2017: $14,1492017Revenue 2018: $280,938Expenses 2018: $272,887Net Income 2018: $8,0512018Revenue 2019: $283,715Expenses 2019: $268,523Net Income 2019: $15,1922019Revenue 2020: $286,689Expenses 2020: $297,262Net Income 2020: -$10,5732020Revenue 2021: $420,838Expenses 2021: $270,069Net Income 2021: $150,7692021Revenue 2022: $284,984Expenses 2022: $287,636Net Income 2022: -$2,6522022Revenue 2023: $307,001Expenses 2023: $336,930Net Income 2023: -$29,9292023Revenue 2024: $331,239Expenses 2024: $344,336Net Income 2024: -$13,0972024

Highlighted filing

2024

Revenue$331,239
Expenses$344,336
Net Income-$13,097
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$601,188
Liabilities
$501,591
Net assets
$99,597
Revenue
$331,239
Expenses
$344,336
Net income
-$13,097
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.60$0.50$0.10$0.33$0.34$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.54$0.11$0.31$0.34$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.72$0.57$0.14$0.28$0.29$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.75$0.61$0.15$0.42$0.27$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.77$0.78$0.01$0.29$0.30$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.81$0.80$0.01$0.28$0.27$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.83$0.01$0.28$0.27$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.85$0.87$0.02$0.28$0.26$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.89$0.03$0.27$0.24$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.90$0.92$0.02$0.26$0.25$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.94$0.03$0.31$0.22$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.85$0.96$0.12$0.25$0.24$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.99$0.13$0.24
2011Summary only. Only limited summary data is available for this year.$0.87$1.00$0.13$0.22$0.19$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$1.03$0.16$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 14, 2025
Return Version
2024v5.0
Gross Receipts
$331,239
Mission and Program Overview

Mission

Provide low income housing for elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$561,093$511,171▼ $49,922
Savings and Temporary Cash Investments$81,313$84,898▲ $3,585
Cash and Non-Interest-Bearing Accounts$9,934$5,119▼ $4,815
Total Assets$652,340$601,188▼ $51,152
Liabilities
Mortgage Notes Payable Secured by Investment Property$527,524$489,461▼ $38,063
Accounts Payable and Accrued Expenses$6,122$6,330▲ $208
Other Liabilities$6,000$5,800▼ $200
Total Liabilities$539,646$501,591▼ $38,055
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$112,694$99,597▼ $13,097
Total Net Assets Fund Balance$112,694$99,597▼ $13,097
Total Liabilities and Net Assets / Fund Balance$652,340$601,188▼ $51,152

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$457,271$960,441$1,417,712
Equipment$53,900$185,923$239,823
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Steve J McelmeelBoard Presid
Joyce Fairly Resigned 2024Director
Ken Opatz Resigned 2024Director
Larry PoduskaDirector
Lisa AlgerDirector
Marianne ZahorekDirector
Nancy HinrichsDirector
Dorothy AlbrightSecretary/tr
Dan SmockVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$331,022
Investment Income
$217
Other Revenue
$0
Change in Net Assets
$-13,097
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$344,336
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$164,778--$164,778
Fees for Services Management$12,672$37,808-$50,480
Depreciation Depletion$49,922--$49,922
Interest$38,793--$38,793
Insurance$37,226--$37,226
Fees for Services Legal-$1,612-$1,612
Fees for Services Accounting$1,439--$1,439
Advertising$86--$86
Total Functional Expenses$304,916$39,420$0$344,336
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$5,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
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 right way management services, llc of mechanicsville, iowa. Right way'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 11B

“Copy of the form 990 is provided to the management company and the president 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 15A

“The organization does not have any paid ceo, executive director, and/or other employees as the organization's operations are managed by a management company.”

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
Meyers Meadow Inc
EIN
42-1075067
Phone
5634326160
Address
C/O RIGHTWAY MANAGEMENT SERVICES, MECHANICSVILLE, IA 52306

Signing Officer

Name
Steve J Mcelmeel
Title
Board President
Phone
5634326160
Signed
2025-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve J Mcelmeel
Formed
1972
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Forge Financial & Management Consulting
Address
1245 JORDAN CREEK PKWY STE 100, WEST DES MOINES, IA 50266-2343
Preparer
Ross Vanlaar CPA
Phone
5156203050
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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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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01417712
IRS990ScheduleD/EquipmentGrp/BookValueAmt053900
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0185923
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0239823
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0511171
IRS990ScheduleD/TotalLiabilityAmt05800
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DUTIES HAVE BEEN CONTRACTED TO RIGHT WAY MANAGEMENT SERVICES, LLC OF MECHANICSVILLE, IOWA. RIGHT WAY'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/ExplanationTxt1COPY OF THE FORM 990 IS PROVIDED TO THE MANAGEMENT COMPANY AND THE PRESIDENT FOR REVIEW PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE ANY PAID CEO, EXECUTIVE DIRECTOR, AND/OR OTHER EMPLOYEES AS THE ORGANIZATION'S OPERATIONS ARE MANAGED BY A MANAGEMENT COMPANY.
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0652340
IRS990/TotalAssetsEOYAmt0601188
IRS990/TotalAssetsGrp/BOYAmt0652340
IRS990/TotalAssetsGrp/EOYAmt0601188
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039420
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0304916
IRS990/TotalFunctionalExpensesGrp/TotalAmt0344336
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0539646
IRS990/TotalLiabilitiesEOYAmt0501591
IRS990/TotalLiabilitiesGrp/BOYAmt0539646
IRS990/TotalLiabilitiesGrp/EOYAmt0501591
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0112694
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt099597
IRS990/TotalProgramServiceExpensesAmt0304916
IRS990/TotalProgramServiceRevenueAmt0331022
IRS990/TotalRevenueGrp/ExclusionAmt05294
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0325945
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0331239
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0652340
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0601188
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0426 W MARKET ST
IRS990/USAddress/CityNm0LISBON
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052253
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE J MCELMEEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05634326160
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEYERS MEADOW INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O RIGHTWAY MANAGEMENT SERVICES
ReturnHeader/Filer/BusinessNameControlTxt0MEYE
ReturnHeader/Filer/EIN0421075067
ReturnHeader/Filer/PhoneNum05634326160
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O RIGHTWAY MANAGEMENT SERVICES
ReturnHeader/Filer/USAddress/CityNm0MECHANICSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052306
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0882802798
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FORGE FINANCIAL & MANAGEMENT CONSULTING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01245 JORDAN CREEK PKWY STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST DES MOINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0502662343
ReturnHeader/PreparerPersonGrp/PhoneNum05156203050
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROSS VANLAAR CPA
ReturnHeader/ReturnTs02025-02-18T12:44:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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