Civic Intelligence

Senior Housing Inc

EIN 42-1090381 • 501(c)4 • Volga, IA

Profile

Provide low-income rental housing to those that qualify with usda rural development regulations.

PO Box 46Volga, IA 52077

n/A

Siviq Scores

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

Liabilities / Assets

84th percentile

0.42x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

2.01x

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

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

27th percentile

-2.4%

Higher net margin than 27% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

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

501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

29th percentile

-1.7%

Faster asset growth than 29% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

2.6%

Faster revenue growth than 37% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,140,531

Down $19,652 (-1.7%) from 2023

Liabilities

Down

$476,641

Down $14,001 (-2.9%) from 2023

Net Assets

Down

$663,890

Down $5,651 (-0.8%) from 2023

Revenue

Up

$237,043

Up $6,089 (+2.6%) from 2023

Expenses

Up

$242,694

Up $10,462 (+4.5%) from 2023

Net Income

Down

-$5,651

Down $4,373 (-342%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,051,793Liabilities 2010: $616,998Net Assets 2010: $434,7952010Assets 2011: $1,053,266Liabilities 2011: $611,475Net Assets 2011: $441,7912011Assets 2012: $1,060,386Liabilities 2012: $605,317Net Assets 2012: $455,0692012Assets 2013: $1,072,713Liabilities 2013: $599,132Net Assets 2013: $473,5812013Assets 2014: $1,141,124Liabilities 2014: $592,382Net Assets 2014: $548,7422014Assets 2015: $1,150,950Liabilities 2015: $583,757Net Assets 2015: $567,1932015Assets 2016: $1,159,499Liabilities 2016: $575,633Net Assets 2016: $583,8662016Assets 2017: $1,154,637Liabilities 2017: $569,528Net Assets 2017: $585,1092017Assets 2018: $1,170,246Liabilities 2018: $556,436Net Assets 2018: $613,8102018Assets 2019: $1,198,156Liabilities 2019: $547,860Net Assets 2019: $650,2962019Assets 2020: $1,200,837Liabilities 2020: $534,490Net Assets 2020: $666,3472020Assets 2021: $1,191,040Liabilities 2021: $522,452Net Assets 2021: $668,5882021Assets 2022: $1,177,908Liabilities 2022: $507,089Net Assets 2022: $670,8192022Assets 2023: $1,160,183Liabilities 2023: $490,642Net Assets 2023: $669,5412023Assets 2024: $1,140,531Liabilities 2024: $476,641Net Assets 2024: $663,8902024

Highlighted filing

2024

Assets$1,140,531
Liabilities$476,641
Net Assets$663,890

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $190,0012010Expenses 2011: $164,0982011Expenses 2012: $191,4572012Revenue 2013: $207,777Expenses 2013: $189,265Net Income 2013: $18,5122013Revenue 2014: $272,797Expenses 2014: $197,604Net Income 2014: $75,1932014Revenue 2015: $217,228Expenses 2015: $198,745Net Income 2015: $18,4832015Revenue 2016: $237,069Expenses 2016: $220,396Net Income 2016: $16,6732016Revenue 2017: $233,785Expenses 2017: $232,542Net Income 2017: $1,2432017Revenue 2018: $192,323Expenses 2018: $163,591Net Income 2018: $28,7322018Revenue 2019: $203,600Expenses 2019: $167,114Net Income 2019: $36,4862019Revenue 2020: $194,550Expenses 2020: $178,499Net Income 2020: $16,0512020Revenue 2021: $200,432Expenses 2021: $198,191Net Income 2021: $2,2412021Revenue 2022: $203,356Expenses 2022: $201,125Net Income 2022: $2,2312022Revenue 2023: $230,954Expenses 2023: $232,232Net Income 2023: -$1,2782023Revenue 2024: $237,043Expenses 2024: $242,694Net Income 2024: -$5,6512024

Highlighted filing

2024

Revenue$237,043
Expenses$242,694
Net Income-$5,651

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.14$0.48$0.66$0.24$0.24$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.16$0.49$0.67$0.23$0.23$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.51$0.67$0.20$0.20$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.52$0.67$0.20$0.20$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.20$0.53$0.67$0.19$0.18$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.20$0.55$0.65$0.20$0.17$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.17$0.56$0.61$0.19$0.16$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.15$0.57$0.59$0.23$0.23$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.16$0.58$0.58$0.24$0.22$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.15$0.58$0.57$0.22$0.20$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.14$0.59$0.55$0.27$0.20$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.07$0.60$0.47$0.21$0.19$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.61$0.46$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.61$0.44$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.62$0.43$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$237,043
Mission and Program Overview

Mission

Provide low-income rental housing to those that qualify with usda rural development regulations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$808,771$763,155▼ $45,616
Savings and Temporary Cash Investments$324,850$346,618▲ $21,768
Cash and Non-Interest-Bearing Accounts$20,369$18,490▼ $1,879
Prepaid Expenses and Deferred Charges$6,015$12,268▲ $6,253
Accounts Receivable$178--
Total Assets$1,160,183$1,140,531▼ $19,652
Liabilities
Mortgage Notes Payable Secured by Investment Property$473,085$455,533▼ $17,552
Other Liabilities$16,358$17,191▲ $833
Accounts Payable and Accrued Expenses$1,199$3,917▲ $2,718
Total Liabilities$490,642$476,641▼ $14,001
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$669,541$663,890▼ $5,651
Total Net Assets Fund Balance$669,541$663,890▼ $5,651
Total Liabilities and Net Assets / Fund Balance$1,160,183$1,140,531▼ $19,652

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$386,331$801,919$1,188,250
Leasehold Improvements$188,128$90,992$279,120
Equipment$51,049$99,953$151,002
Land$124,787-$124,787
Other Land Buildings$12,860$4,002$16,862
Compensation and Service Providers

Board Members and Trustees

NameTitle
Susan BallouPresident
Dave HaagBoard Member
Jerry HinrichsBoard Member
Ruth ZirkelbachBoard Member
Larita KurtDirector
Deb LacockSecretary
Lynn RollingerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$228,464
Investment Income
$8,579
Other Revenue
$0
Change in Net Assets
$-5,651
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$227,455
Salaries, Compensation, and Employee Benefits$15,239
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$96,275--$96,275
Depreciation Depletion$51,319--$51,319
Insurance-$41,491-$41,491
Fees for Services Management$15,029$15,029-$30,058
Other Salaries and Wages$14,585--$14,585
Fees for Services Accounting-$1,813-$1,813
Office Expenses$1,722--$1,722
Information Technology$1,102--$1,102
Payroll Taxes$654--$654
Other Expenses$558--$558
Advertising$68--$68
Interest$47--$47
Total Functional Expenses$184,361$58,333$0$242,694
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 Deposit-sycamore$7,841
Security Deposit-riverside$7,609
Advance Pmts From Tenants$1,218
Payroll Liability$523
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

The board of directors delegates duties of the accounting, accepting & approving tenant applications and other responsibilties included in an approved agreement with usda rural development to meyers property management,inc. Its management company.

Form 990, Page 6, Part VI, Line 6

To become a member of the corporation: 1. Be an individual or organization 2. Legally competent person of good reputation 3. Live in the town of monticello, iowa or in the surrounding trade area 4. Apply for membership 5. Pay a one time fee of 25.00

Form 990, Page 6, Part VI, Line 7A

The board of directors are elected at the march annual meeting of the membership. As of december 31, 2024, there were approximately 7 members.

Form 990, Page 6, Part VI, Line 11B

The 990 will be reviewed by the management company and then a copy is given to the board for review. An officer of the board will sign the authorization to electronically file the 990.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, policies and financial statements are available at the management company's address listed on the form 990.

Filing and Contact Details

Filer

Filer Name
Senior Housing Inc
EIN
42-1090381
Phone
3194656171
Address
PO BOX 46, VOLGA, IA 52077

Signing Officer

Name
Susan Ballou
Title
President
Phone
3194656171
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Ballou
Formed
1977
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
1

Preparer

Firm
Gosling & Company Pc
Address
217 N FRANKLIN ST, MANCHESTER, IA 52057-1538
Preparer
Ann O Manson
Phone
5639274810
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt090992
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0279120
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012860
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04002
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016862
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07841
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17609
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21218
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3523
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT-SYCAMORE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT-RIVERSIDE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ADVANCE PMTS FROM TENANTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0763155
IRS990ScheduleD/TotalLiabilityAmt017191
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS DELEGATES DUTIES OF THE ACCOUNTING, ACCEPTING & APPROVING TENANT APPLICATIONS AND OTHER RESPONSIBILTIES INCLUDED IN AN APPROVED AGREEMENT WITH USDA RURAL DEVELOPMENT TO MEYERS PROPERTY MANAGEMENT,INC. ITS MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO BECOME A MEMBER OF THE CORPORATION: 1. BE AN INDIVIDUAL OR ORGANIZATION 2. LEGALLY COMPETENT PERSON OF GOOD REPUTATION 3. LIVE IN THE TOWN OF MONTICELLO, IOWA OR IN THE SURROUNDING TRADE AREA 4. APPLY FOR MEMBERSHIP 5. PAY A ONE TIME FEE OF 25.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE ELECTED AT THE MARCH ANNUAL MEETING OF THE MEMBERSHIP. AS OF DECEMBER 31, 2024, THERE WERE APPROXIMATELY 7 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 WILL BE REVIEWED BY THE MANAGEMENT COMPANY AND THEN A COPY IS GIVEN TO THE BOARD FOR REVIEW. AN OFFICER OF THE BOARD WILL SIGN THE AUTHORIZATION TO ELECTRONICALLY FILE THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE MANAGEMENT COMPANY'S 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 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
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/TotalAssetsBOYAmt01160183
IRS990/TotalAssetsEOYAmt01140531
IRS990/TotalAssetsGrp/BOYAmt01160183
IRS990/TotalAssetsGrp/EOYAmt01140531
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058333
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0184361
IRS990/TotalFunctionalExpensesGrp/TotalAmt0242694
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0490642
IRS990/TotalLiabilitiesEOYAmt0476641
IRS990/TotalLiabilitiesGrp/BOYAmt0490642
IRS990/TotalLiabilitiesGrp/EOYAmt0476641
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0669541
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0663890
IRS990/TotalProgramServiceExpensesAmt0184361
IRS990/TotalProgramServiceRevenueAmt0228464
IRS990/TotalRevenueGrp/ExclusionAmt08579
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0228464
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0237043
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01160183
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01140531
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt018292 AMBER ROAD X44
IRS990/USAddress/CityNm0MONTICELLO
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052310
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN BALLOU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03194656171
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SENIOR HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0SENI
ReturnHeader/Filer/EIN0421090381
ReturnHeader/Filer/PhoneNum03194656171
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 46
ReturnHeader/Filer/USAddress/CityNm0VOLGA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052077
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02025-06-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANN O MANSON
ReturnHeader/ReturnTs02025-06-10T15:19:45-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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