Civic Intelligence

Friendly Valley Apts Inc

EIN 42-1089709 • 501(c)4 • Algona, IA

Profile

To provide low rent housing in Steamboat Rock, Iowa.

PO Box 476Algona, IA 50511
Siviq Scores

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

Liabilities / Assets

91st percentile

0.52x

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

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

Liabilities / Revenue

94th percentile

0.72x

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

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

Net Margin

52nd percentile

2.4%

Higher net margin than 52% 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

-4.1%

Faster asset growth than 45% of similar nonprofits.

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

Revenue Growth

69th percentile

11%

Faster revenue growth than 69% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$77,279

Down $3,339 (-4.1%) from 2023

Liabilities

Down

$40,306

Down $4,705 (-10%) from 2023

Net Assets

Up

$36,973

Up $1,366 (+3.8%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin52nd percentile

Revenue

Up

$55,857

Up $5,481 (+11%) from 2023

Expenses

Up

$54,491

Up $2,321 (+4.4%) from 2023

Net Income

Up

$1,366

Up $3,160 (+176%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth45th percentile

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

$150K$100K$50K$0Assets 2011: $103,379Liabilities 2011: $79,8542011Assets 2012: $94,574Liabilities 2012: $78,6362012Assets 2013: $87,156Liabilities 2013: $76,4822013Assets 2014: $84,339Liabilities 2014: $73,8722014Assets 2015: $86,795Liabilities 2015: $72,4662015Assets 2016: $94,053Liabilities 2016: $69,2602016Assets 2017: $103,140Liabilities 2017: $66,4672017Assets 2018: $106,402Liabilities 2018: $63,2942018Assets 2019: $98,697Liabilities 2019: $60,1852019Assets 2020: $95,007Liabilities 2020: $56,680Net Assets 2020: $38,3272020Assets 2021: $90,610Liabilities 2021: $51,620Net Assets 2021: $38,9902021Assets 2022: $86,423Liabilities 2022: $49,022Net Assets 2022: $37,4012022Assets 2023: $80,618Liabilities 2023: $45,011Net Assets 2023: $35,6072023Assets 2024: $77,279Liabilities 2024: $40,306Net Assets 2024: $36,9732024

Highlighted filing

2024

Assets$77,279
Liabilities$40,306
Net Assets$36,973
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

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

$60K$40K$20K$0-$20KRevenue 2011: $41,403Expenses 2011: $34,845Net Income 2011: $6,5582011Revenue 2012: $29,078Expenses 2012: $36,665Net Income 2012: -$7,5872012Revenue 2013: $42,933Expenses 2013: $48,197Net Income 2013: -$5,2642013Revenue 2014: $45,349Expenses 2014: $45,556Net Income 2014: -$2072014Revenue 2015: $45,754Expenses 2015: $41,892Net Income 2015: $3,8622015Revenue 2016: $48,275Expenses 2016: $37,811Net Income 2016: $10,4642016Revenue 2017: $51,864Expenses 2017: $39,984Net Income 2017: $11,8802017Revenue 2018: $50,000Expenses 2018: $43,565Net Income 2018: $6,4352018Revenue 2019: $46,439Expenses 2019: $51,035Net Income 2019: -$4,5962019Revenue 2020: $54,647Expenses 2020: $54,832Net Income 2020: -$1852020Revenue 2021: $45,587Expenses 2021: $44,924Net Income 2021: $6632021Revenue 2022: $45,834Expenses 2022: $47,423Net Income 2022: -$1,5892022Revenue 2023: $50,376Expenses 2023: $52,170Net Income 2023: -$1,7942023Revenue 2024: $55,857Expenses 2024: $54,491Net Income 2024: $1,3662024

Highlighted filing

2024

Revenue$55,857
Expenses$54,491
Net Income$1,366
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$77,279
Liabilities
$40,306
Net assets
$36,973
Revenue
$55,857
Expenses
$54,491
Net income
$1,366
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.77$0.40$0.37$0.56$0.54$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.45$0.36$0.50$0.52$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.86$0.49$0.37$0.46$0.47$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.91$0.52$0.39$0.46$0.45$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.95$0.57$0.38$0.55$0.55$0.00
2019Summary only. Only limited summary data is available for this year.$0.99$0.60$0.46$0.51$0.05
2018Summary only. Only limited summary data is available for this year.$1.06$0.63$0.50$0.44$0.06
2017Summary only. Only limited summary data is available for this year.$1.03$0.66$0.52$0.40$0.12
2016Summary only. Only limited summary data is available for this year.$0.94$0.69$0.48$0.38$0.10
2015Summary only. Only limited summary data is available for this year.$0.87$0.72$0.46$0.42$0.04
2014Summary only. Only limited summary data is available for this year.$0.84$0.74$0.45$0.46$0.00
2013Summary only. Only limited summary data is available for this year.$0.87$0.76$0.43$0.48$0.05
2012Summary only. Only limited summary data is available for this year.$0.95$0.79$0.29$0.37$0.08
2011Summary only. Only limited summary data is available for this year.$1.03$0.80$0.41$0.35$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 26, 2025
Return Version
2024v5.0
Gross Receipts
$55,857
Mission and Program Overview

Mission

To provide low rent housing in Steamboat Rock, Iowa.

Program Services

DescriptionGrantsExpenses
To provide low rent housing for the elderly, disabled, and families in the Steamboat Rock community.$0$54,491
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dave MullPresident-$0--
Marc HavensVice President-$0--
Valeria KjormoeSecretary/Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Friendly Valley Apts Inc
EIN
42-1089709
Phone
5152952927
Address
PO Box 476, Algona, IA 50511

Signing Officer

Name
Dave Mull
Title
President
Phone
6414858031
Signed
2025-04-26
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 $556”

Form 990-EZ, Part I, Line 16

“Depreciation $11223 and Interest $1916”

Form 990-EZ, Part II, Line 26

“Mortgage Balance $35997 and Security Deposits $4309”

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/BOYAmt031453
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt036797
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt01366
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05900
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt080618
IRS990EZ/Form990TotalAssetsGrp/EOYAmt077279
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt055857
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt049165
IRS990EZ/LandAndBuildingsGrp/EOYAmt040482
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt035607
IRS990EZ/NetAssetsOrFundBalancesEOYAmt036973
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt035607
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt036973
IRS990EZ/OccupancyRentUtltsAndMaintAmt035452
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/PersonNm0Dave Mull
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Marc Havens
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Valeria Kjormoe
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/OtherExpensesTotalAmt013139
IRS990EZ/OtherRevenueTotalAmt0556
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To provide low rent housing in Steamboat Rock, Iowa.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt055301
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To provide low rent housing for the elderly, disabled, and families in the Steamboat Rock community.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt054491
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt045011
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt040306
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt054491
IRS990EZ/TotalProgramServiceExpensesAmt054491
IRS990EZ/TotalRevenueAmt055857
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Laundry $556
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation $11223 and Interest $1916
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mortgage Balance $35997 and Security Deposits $4309
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/PersonNm0Dave Mull
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06414858031
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDLY VALLEY APTS INC
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0421089709
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/PreparationDt02025-04-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William Murphy
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-26T13:33:20-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.