Civic Intelligence

Meyers Meadow Inc

990 • Fiscal year 2023 • EIN 42-1075067

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 22, 2024

Organization Profile
C/O Rightway Management ServicesMechanicsville, IA 52306

(563) 432-6160

Siviq Scores

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

Liabilities / Assets

94th percentile

0.83x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

93rd percentile

1.76x

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

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

Net Margin

21st percentile

-9.7%

Higher net margin than 21% of similar nonprofits.

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

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

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

Asset Growth

16th percentile

-8.8%

Faster asset growth than 16% of similar nonprofits.

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

Revenue Growth

51st percentile

7.7%

Faster revenue growth than 51% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$652,340

Down $62,855 (-8.8%) from 2022

Net Assets

Down

$112,694

Down $29,929 (-21%) from 2022

Liabilities

Down

$539,646

Down $32,926 (-5.8%) from 2022

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin21st percentile

Revenue

Up

$307,001

Up $22,017 (+7.7%) from 2022

Expenses

Up

$336,930

Up $49,294 (+17%) from 2022

Net Income

Down

-$29,929

Down $27,277 (-1029%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$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

2023

Assets$652,340
Liabilities$539,646
Net Assets$112,694
Open 2023 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$307,001
Expenses$336,930
Net Income-$29,929
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 22, 2024
Return Version
2023v5.0
Gross Receipts
$307,001
Mission and Program Overview

Mission

Provide low income housing for elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$573,364$561,093▼ $12,271
Savings and Temporary Cash Investments$136,362$81,313▼ $55,049
Cash and Non-Interest-Bearing Accounts$4,664$9,934▲ $5,270
Accounts Receivable$805--
Total Assets$715,195$652,340▼ $62,855
Liabilities
Mortgage Notes Payable Secured by Investment Property$562,687$527,524▼ $35,163
Accounts Payable and Accrued Expenses$3,785$6,122▲ $2,337
Other Liabilities$6,100$6,000▼ $100
Total Liabilities$572,572$539,646▼ $32,926
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$142,623$112,694▼ $29,929
Total Net Assets Fund Balance$142,623$112,694▼ $29,929
Total Liabilities and Net Assets / Fund Balance$715,195$652,340▼ $62,855

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$496,071$921,641$1,417,712
Equipment$65,022$174,801$239,823
Compensation and Service Providers
Top Officer Pay71st percentile

Board Members and Trustees

NameTitle
Steve J McelmeelBoard Presid
Barbara Knowles Resigned 1222Director
Dan Smock Joined 2023Director
Joyce FairleyDirector
Larry Poduska Joined 2023Director
Nancy Hinrichs Joined 2023Director
Steve Noll Resigned 2023Director
Dorothy AlbrightSecretary/tr
Jeannette E Kepler Resigned 1222Secretary/tr
Ken OpatzVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$306,716
Investment Income
$285
Other Revenue
$0
Change in Net Assets
$-29,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$336,930
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$151,481--$151,481
Depreciation Depletion$51,971--$51,971
Fees for Services Management$12,672$35,904-$48,576
Insurance$41,943--$41,943
Interest$41,692--$41,692
Fees for Services Accounting-$1,267-$1,267
Total Functional Expenses$299,759$37,171$0$336,930
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$6,000
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
2024-07-22
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

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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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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0715195
IRS990/TotalAssetsEOYAmt0652340
IRS990/TotalAssetsGrp/BOYAmt0715195
IRS990/TotalAssetsGrp/EOYAmt0652340
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037171
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0299759
IRS990/TotalFunctionalExpensesGrp/TotalAmt0336930
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0572572
IRS990/TotalLiabilitiesEOYAmt0539646
IRS990/TotalLiabilitiesGrp/BOYAmt0572572
IRS990/TotalLiabilitiesGrp/EOYAmt0539646
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0142623
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0112694
IRS990/TotalProgramServiceExpensesAmt0299759
IRS990/TotalProgramServiceRevenueAmt0306716
IRS990/TotalRevenueGrp/ExclusionAmt05441
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0301560
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0307001
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0715195
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0652340
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE J MCELMEEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05634326160
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-22
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/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02024-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROSS VANLAAR CPA
ReturnHeader/ReturnTs02024-07-23T09:36:54-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCELMEEL
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$652,340
Liabilities
$539,646
Net assets
$112,694
Revenue
$307,001
Expenses
$336,930
Net income
-$29,929
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