Civic Intelligence

Readlyn Area Housing Corp

EIN 42-1081216 • 501(c)4 • Independence, IA

Profile

Housing for elderly rural residents

302 1st Street EastIndependence, IA 50644

n/A

Siviq Scores

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

Liabilities / Assets

80th percentile

0.13x

Higher debt load relative to assets than 80% of similar nonprofits.

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

Liabilities / Revenue

94th percentile

0.77x

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

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

Net Margin

34th percentile

-6.5%

Higher net margin than 34% 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

45th percentile

-4.0%

Faster asset growth than 45% of similar nonprofits.

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

Revenue Growth

33rd percentile

-16%

Faster revenue growth than 33% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$264,869

Down $10,989 (-4.0%) from 2023

Liabilities

Down

$34,091

Down $8,108 (-19%) from 2023

Net Assets

Down

$230,778

Down $2,881 (-1.2%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin34th percentile

Revenue

Down

$44,525

Down $8,338 (-16%) from 2023

Expenses

Down

$47,406

Down $5,180 (-9.9%) from 2023

Net Income

Down

-$2,881

Down $3,158 (-1140%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth45th percentile

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

$300K$200K$100K$0Assets 2011: $156,803Liabilities 2011: $122,6282011Assets 2012: $215,975Liabilities 2012: $117,5292012Assets 2013: $233,991Liabilities 2013: $110,7482013Assets 2014: $242,708Liabilities 2014: $103,8962014Assets 2015: $232,444Liabilities 2015: $96,1472015Assets 2016: $231,538Liabilities 2016: $88,951Net Assets 2016: $142,5872016Assets 2017: $232,117Liabilities 2017: $82,176Net Assets 2017: $149,9412017Assets 2018: $235,632Liabilities 2018: $74,610Net Assets 2018: $161,0222018Assets 2019: $232,353Liabilities 2019: $69,717Net Assets 2019: $162,6362019Assets 2020: $251,303Liabilities 2020: $62,827Net Assets 2020: $188,4762020Assets 2021: $260,193Liabilities 2021: $53,322Net Assets 2021: $206,8712021Assets 2022: $281,259Liabilities 2022: $47,877Net Assets 2022: $233,3822022Assets 2023: $275,858Liabilities 2023: $42,199Net Assets 2023: $233,6592023Assets 2024: $264,869Liabilities 2024: $34,091Net Assets 2024: $230,7782024

Highlighted filing

2024

Assets$264,869
Liabilities$34,091
Net Assets$230,778
Open 2024 Filing

Operations Trend

Revenue Growth33rd percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $62,723Expenses 2011: $57,436Net Income 2011: $5,2872011Revenue 2012: $126,134Expenses 2012: $61,863Net Income 2012: $64,2712012Revenue 2013: $81,879Expenses 2013: $57,082Net Income 2013: $24,7972013Revenue 2014: $78,885Expenses 2014: $63,316Net Income 2014: $15,5692014Revenue 2015: $60,447Expenses 2015: $62,962Net Income 2015: -$2,5152015Revenue 2016: $71,014Expenses 2016: $64,724Net Income 2016: $6,2902016Revenue 2017: $65,402Expenses 2017: $58,048Net Income 2017: $7,3542017Revenue 2018: $65,206Expenses 2018: $54,125Net Income 2018: $11,0812018Revenue 2019: $55,014Expenses 2019: $53,400Net Income 2019: $1,6142019Revenue 2020: $80,806Expenses 2020: $54,966Net Income 2020: $25,8402020Revenue 2021: $74,456Expenses 2021: $56,061Net Income 2021: $18,3952021Revenue 2022: $87,299Expenses 2022: $60,788Net Income 2022: $26,5112022Revenue 2023: $52,863Expenses 2023: $52,586Net Income 2023: $2772023Revenue 2024: $44,525Expenses 2024: $47,406Net Income 2024: -$2,8812024

Highlighted filing

2024

Revenue$44,525
Expenses$47,406
Net Income-$2,881
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$264,869
Liabilities
$34,091
Net assets
$230,778
Revenue
$44,525
Expenses
$47,406
Net income
-$2,881
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.65$0.34$2.31$0.45$0.47$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.76$0.42$2.34$0.53$0.53$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.81$0.48$2.33$0.87$0.61$0.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$0.53$2.07$0.74$0.56$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.51$0.63$1.88$0.81$0.55$0.26
2019Detailed filing. Detailed filing data is available for this year.$2.32$0.70$1.63$0.55$0.53$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$0.75$1.61$0.65$0.54$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$0.82$1.50$0.65$0.58$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.32$0.89$1.43$0.71$0.65$0.06
2015Summary only. Only limited summary data is available for this year.$2.32$0.96$0.60$0.63$0.03
2014Summary only. Only limited summary data is available for this year.$2.43$1.04$0.79$0.63$0.16
2013Summary only. Only limited summary data is available for this year.$2.34$1.11$0.82$0.57$0.25
2012Summary only. Only limited summary data is available for this year.$2.16$1.18$1.26$0.62$0.64
2011Summary only. Only limited summary data is available for this year.$1.57$1.23$0.63$0.57$0.05
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 30, 2020
Return Version
2019v5.0
Gross Receipts
$55,014
Mission and Program Overview

Mission

Housing for elderly rural residents

Program Services

DescriptionGrantsExpenses
TO PROVIDE AND OPERATE RENTAL HOUSING UNITS AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELDERLY RURAL RESIDENTS OF LOW AND MODERATE INCOME-$46,830
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES HAGENOWPresident-$0--
LEROY PLATTEVice-Preside-$0--
DON BILLHORNSecretary/Tr-$0--
JEFF SCHUTTEDirector-$0--
VIRGIL MATTHIASDirector-$0--
DON HEINEMANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Readlyn Area Housing Corp
EIN
42-1081216
Phone
3193347110
Address
302 1ST STREET EAST, INDEPENDENCE, IA 50644

Signing Officer

Name
Brenda Nabholz
Title
Manager
Phone
3193347110
Signed
2020-04-30
Discuss with paid preparer
Yes

Preparer

Firm
Gosling & Company Pc
Address
217 N FRANKLIN ST, MANCHESTER, IA 52057-1538
Preparer
Ann O Manson
Phone
5639274810
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses interest 1,387 insurance 7,282 supplies 371 depreciation 18,596 management fees 7,984 advertising 61 maintenance and repairs 3,663 services 137 other admin expenses 685 loss on disposition 500 total 40,666”

Form 990-ez, Part II, Line 24

“Accounts receivable 0 1,437 total 0 1,437”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 0 1,763 mortgages and other notes payable 71,981 64,516 other liabilities 2,629 3,438”

Raw XML Appendix121 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KARTAY APARTMENT MANAGEMENT
IRS990EZ/BooksInCareOfDetail/PhoneNum03193347110
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0302 1ST STREET EAST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0INDEPENDENCE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd050644
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt055351
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt054368
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt01614
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0583
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0235632
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0232353
IRS990EZ/GrossReceiptsAmt055014
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt010
IRS990EZ/LandAndBuildingsGrp/BOYAmt0180281
IRS990EZ/LandAndBuildingsGrp/EOYAmt0176548
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0161022
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0162636
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0161022
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0162636
IRS990EZ/OccupancyRentUtltsAndMaintAmt012151
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JAMES HAGENOW
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LEROY PLATTE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DON BILLHORN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JEFF SCHUTTE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4VIRGIL MATTHIAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5DON HEINEMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01437
IRS990EZ/OtherExpensesTotalAmt040666
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0HOUSING FOR ELDERLY RURAL RESIDENTS
IRS990EZ/ProgramServiceRevenueAmt055004
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE AND OPERATE RENTAL HOUSING UNITS AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELDERLY RURAL RESIDENTS OF LOW AND MODERATE INCOME
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt046830
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt074610
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt069717
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt053400
IRS990EZ/TotalProgramServiceExpensesAmt046830
IRS990EZ/TotalRevenueAmt055014
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INTEREST 1,387 INSURANCE 7,282 SUPPLIES 371 DEPRECIATION 18,596 MANAGEMENT FEES 7,984 ADVERTISING 61 MAINTENANCE AND REPAIRS 3,663 SERVICES 137 OTHER ADMIN EXPENSES 685 LOSS ON DISPOSITION 500 TOTAL 40,666
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 0 1,437 TOTAL 0 1,437
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 1,763 MORTGAGES AND OTHER NOTES PAYABLE 71,981 64,516 OTHER LIABILITIES 2,629 3,438
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENDA NABHOLZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum03193347110
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READLYN AREA HOUSING CORP
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0421081216
ReturnHeader/Filer/PhoneNum03193347110
ReturnHeader/Filer/USAddress/AddressLine1Txt0302 1ST STREET EAST
ReturnHeader/Filer/USAddress/CityNm0INDEPENDENCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050644
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId033015A7EF68C16634DA9FC05FD11C237CA100DBF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02CD0783E27ECA96D605FDD3BC07A836C524A8D72
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt063.232.88.53
ReturnHeader/FilingSecurityInformation/IPDt02020-04-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:48:33
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421277818
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOSLING & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0217 N FRANKLIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MANCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0520571538
ReturnHeader/PreparerPersonGrp/PhoneNum05639274810
ReturnHeader/PreparerPersonGrp/PreparationDt02020-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANN O MANSON
ReturnHeader/ReturnTs02020-04-30T09:48:33-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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