Civic Intelligence

Schleswig Retirement Apartments

EIN 42-1129445 • 501(c)4 • Spencer, IA

Profile

Senior citizen housing - 24 unit apartment complex

318 Grand AvenueSpencer, IA 51301

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2016

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • <$500k nonprofits • Source year 2016

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2016

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 2016

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

8th percentile

-88%

Faster revenue growth than 8% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$258,460

Down $5,385 (-2.0%) from 2014

Liabilities

Down

$156,653

Down $10,787 (-6.4%) from 2014

Net Assets

Up

$101,807

Up $5,402 (+5.6%) from 2014

Operations
Liabilities / Revenue61st percentileNet Margin99th percentile

Revenue

Up

$87,363

Up $13,381 (+18%) from 2014

Expenses

Up

$81,961

Up $9,408 (+13%) from 2014

Net Income

Up

$5,402

Up $3,973 (+278%) from 2014

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

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

$300K$200K$100K$0Assets 2011: $284,600Liabilities 2011: $203,1042011Assets 2012: $284,081Liabilities 2012: $191,034Net Assets 2012: $93,0472012Assets 2013: $274,163Liabilities 2013: $179,187Net Assets 2013: $94,9762013Assets 2014: $263,845Liabilities 2014: $167,440Net Assets 2014: $96,4052014Assets 2015: $258,460Liabilities 2015: $156,653Net Assets 2015: $101,8072015

Highlighted filing

2015

Assets$258,460
Liabilities$156,653
Net Assets$101,807
Open 2015 Filing

Operations Trend

Revenue Growth8th percentile

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

$100K$50K$0Revenue 2011: $81,939Expenses 2011: $71,925Net Income 2011: $10,0142011Revenue 2012: $70,467Expenses 2012: $58,916Net Income 2012: $11,5512012Revenue 2013: $76,710Expenses 2013: $74,781Net Income 2013: $1,9292013Revenue 2014: $73,982Expenses 2014: $72,553Net Income 2014: $1,4292014Revenue 2015: $87,363Expenses 2015: $81,961Net Income 2015: $5,4022015

Highlighted filing

2015

Revenue$87,363
Expenses$81,961
Net Income$5,402
Open 2015 Filing

Filings

Most recent year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$258,460
Liabilities
$156,653
Net assets
$101,807
Revenue
$87,363
Expenses
$81,961
Net income
$5,402
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$2.58$1.57$1.02$0.87$0.82$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.64$1.67$0.96$0.74$0.73$0.01
2013Detailed filing. Detailed filing data is available for this year.$2.74$1.79$0.95$0.77$0.75$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.84$1.91$0.93$0.70$0.59$0.12
2011Summary only. Only limited summary data is available for this year.$2.85$2.03$0.82$0.72$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 11, 2016
Return Version
2015v2.1
Gross Receipts
$87,363
Mission and Program Overview

Mission

Senior citizen housing - 24 unit apartment complex

Program Services

DescriptionGrantsExpenses
OPERATION OF A 24 UNIT FAMILY HOUSING COMPLEX$0$81,961
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LEROY HIGHTPresident-$0--
LARRY GRILLVice President-$0--
BONNIE SCHROEDERSecretary-$0--
BARBARA QUANDTTreasurer-$0--
JUDY GIERSTORFBoard Member-$0--
JAN SCHULTZBoard Member-$0--
JOYCE PETERSENBoard Member-$0--
JERRY ERNSTBoard Member-$0--
JANE SMITHBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Schleswig Retirement Apartments
EIN
42-1129445
Phone
7125805360
Address
318 GRAND AVENUE, SPENCER, IA 51301

Signing Officer

Name
Brad Carlson
Title
Manager
Phone
7125805360
Signed
2016-04-11
Discuss with paid preparer
Yes

Preparer

Firm
Blackman & Associates Pc
Address
17445 ARBOR STREET SUITE 200, OMAHA, NE 68130
Preparer
Jeff Hamernik
Phone
4023301040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest income. Amount: 40.”

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: laundry, vending, & misc. Amount: 1,604. Description: tenant charges. Amount: 160. Total to form 990-ez, line 8: 1,764.”

Form 990-ez, Part I, Line 14

“Description: depreciation. Amount: 10,447. Description: other expenses. Amount: 43,072. Total to form 990-ez, line 14: 53,519.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: advertising. Amount: 3,202. Description: office expense. Amount: 278. Description: mortgage interest. Amount: 1,578. Description: property insurance. Amount: 8,523. Total to form 990-ez, line 16: 13,581.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: other depreciable assets. Beg. Of year amount: 176,543. End of year amount: 174,626.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: security deposits. Beg. Of year amount: 3,628. End of year amount: 4,907. Description: note payable - rural development. Beg. Of year amount: 163,812. End of year amount: 151,746.”

Raw XML Appendix157 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 40.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LAUNDRY, VENDING, & MISC. AMOUNT: 1,604. DESCRIPTION: TENANT CHARGES. AMOUNT: 160. TOTAL TO FORM 990-EZ, LINE 8: 1,764.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DEPRECIATION. AMOUNT: 10,447. DESCRIPTION: OTHER EXPENSES. AMOUNT: 43,072. TOTAL TO FORM 990-EZ, LINE 14: 53,519.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 176,543. END OF YEAR AMOUNT: 174,626.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 3,628. END OF YEAR AMOUNT: 4,907. DESCRIPTION: NOTE PAYABLE - RURAL DEVELOPMENT. BEG. OF YEAR AMOUNT: 163,812. END OF YEAR AMOUNT: 151,746.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRAD CARLSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum07125805360
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHLESWIG RETIREMENT APARTMENTS
ReturnHeader/Filer/BusinessNameControlTxt0SCHL
ReturnHeader/Filer/EIN0421129445
ReturnHeader/Filer/PhoneNum07125805360
ReturnHeader/Filer/USAddress/AddressLine1Txt0318 GRAND AVENUE
ReturnHeader/Filer/USAddress/CityNm0SPENCER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051301
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470813847
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLACKMAN & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt017445 ARBOR STREET SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OMAHA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068130
ReturnHeader/PreparerPersonGrp/PhoneNum04023301040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFF HAMERNIK
ReturnHeader/ReturnTs02016-04-11T16:55:55-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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