Civic Intelligence

Project Independence Inc

990 • Fiscal year 2013 • EIN 42-1162709

Oct 01, 2012 to Sep 30, 2013 • Filed on Feb 06, 2014

Organization ProfileN/A
205 East First StreetMechanicsville, IA 52306
Siviq Scores

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

Liabilities / Assets

94th percentile

1.15x

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

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

97th percentile

5.43x

Higher debt load relative to revenue than 97% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

13th percentile

-22%

Higher net margin than 13% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

19th percentile

-7.5%

Faster asset growth than 19% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

19th percentile

-12%

Faster revenue growth than 19% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$707,445

Down $57,262 (-7.5%) from 2012

Net Assets

Down

-$109,579

Down $32,477 (-42%) from 2012

Liabilities

Down

$817,024

Down $24,785 (-2.9%) from 2012

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin13th percentile

Revenue

Down

$150,524

Down $20,623 (-12%) from 2012

Expenses

Down

$183,001

Down $5,132 (-2.7%) from 2012

Net Income

Down

-$32,477

Down $15,491 (-91%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$1.0M$500K$0-$500KAssets 2010: $823,840Liabilities 2010: $845,748Net Assets 2010: -$21,9082010Assets 2011: $777,064Liabilities 2011: $837,180Net Assets 2011: -$60,1162011Assets 2012: $764,707Liabilities 2012: $841,809Net Assets 2012: -$77,1022012Assets 2013: $707,445Liabilities 2013: $817,024Net Assets 2013: -$109,5792013Assets 2014: $680,048Liabilities 2014: $805,020Net Assets 2014: -$124,9722014Assets 2015: $655,289Liabilities 2015: $790,522Net Assets 2015: -$135,2332015Assets 2016: $637,386Liabilities 2016: $773,641Net Assets 2016: -$136,2552016Assets 2017: $626,669Liabilities 2017: $763,771Net Assets 2017: -$137,1022017Assets 2018: $602,276Liabilities 2018: $741,257Net Assets 2018: -$138,9812018Assets 2019: $577,796Liabilities 2019: $715,863Net Assets 2019: -$138,0672019Assets 2020: $544,242Liabilities 2020: $693,898Net Assets 2020: -$149,6562020

Highlighted filing

2013

Assets$707,445
Liabilities$817,024
Net Assets-$109,579
Open 2013 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KRevenue 2010: $181,401Expenses 2010: $197,686Net Income 2010: -$16,2852010Expenses 2011: $193,4922011Revenue 2012: $171,147Expenses 2012: $188,133Net Income 2012: -$16,9862012Revenue 2013: $150,524Expenses 2013: $183,001Net Income 2013: -$32,4772013Revenue 2014: $174,157Expenses 2014: $189,550Net Income 2014: -$15,3932014Revenue 2015: $179,600Expenses 2015: $189,861Net Income 2015: -$10,2612015Revenue 2016: $179,635Expenses 2016: $180,657Net Income 2016: -$1,0222016Revenue 2017: $173,498Expenses 2017: $174,345Net Income 2017: -$8472017Revenue 2018: $171,711Expenses 2018: $173,590Net Income 2018: -$1,8792018Revenue 2019: $179,381Expenses 2019: $178,467Net Income 2019: $9142019Revenue 2020: $166,186Expenses 2020: $177,775Net Income 2020: -$11,5892020

Highlighted filing

2013

Revenue$150,524
Expenses$183,001
Net Income-$32,477
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2012 to Sep 30, 2013
Signed
Feb 6, 2014
Return Version
2012v2.0
Gross Receipts
$150,524
Mission and Program Overview

Mission

To construct and operate elderly and handicapped housing.

Filing and Contact Details

Filer

EIN
42-1162709
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1RECAPTURE OF RESIDUAL RECEIPTS $10173
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2The Organization is incorporated under the laws of Iowa as a non-profit organization. Because of its non-profit status, the Organization is exempt from income taxes under IRC Section 501(c)(3). The Organization is not classified as a private foundation. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Organization believes it is no longer subject to income tax examinations for years ended prior to September 30, 2010.
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IRS990ScheduleO/GeneralExplanation/Explanation0DURING THE CALENDAR ENDED DECEMBER 31, 2013, THE ORGANIZATION HAD ONE EMPLOYEE ON PAYROLL. THE ORGANIZATION TIMELY FILED ALL APPROPRIATE PAYROLL TAX RETURNS DURING THE PERIOD. HOWEVER, AS THE ORGANIZATION HAS A FISCAL YEAR END SEPTEMPBER 30, 2013, THE ORGANIZATION WILL REPORT NO W-2 FILINGS OR PAYROLL TAX RETURNS FILED ON THE 2012 RETURN, BUT WILL REPORT ON THE 2013 RETURN.
IRS990ScheduleO/GeneralExplanation/Explanation1DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation2THE MANAGEMENT AGENT ENFORCES THE ORGANIZATIONS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/GeneralExplanation/Explanation3THE MANAGEMENT AGENT WILL BE REVIEWING THE RETURN PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation4The Project entered into an agreement with Right Way Management Services, LLC to manage the property effective October 1, 2007. Such agreement is subject to all pertinent requirements of the Project's regulatory agreement with HUD and has been approved by HUD. The agreement provides that Right Way Management Services, LLC will be compensated by monthly fees in an amount equal to 5.37 percent of total operating income received during the month. The agreement with Right Way Management Services, LLC automatically renews unless notification is made of an intention to terminate the agreement.
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IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
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IRS990/TotalProgramServiceExpense0166282
IRS990/TotalProgramServiceRevenue0149877
IRS990/TotalRevenueCurrentYear0150524
IRS990/TotalRevenue/ExclusionAmount04185
IRS990/TotalRevenuePriorYear0171147
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0146339
IRS990/TotalRevenue/TotalRevenueColumn0150524
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IRS990/TransfersToExemptNonChrtblOrg0false
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IRS990/Travel/Total00
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0false
IRS990/UnrestrictedNetAssets/BOY0-329476
IRS990/UnrestrictedNetAssets/EOY0-350983
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Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$707,445
Liabilities
$817,024
Net assets
-$109,579
Revenue
$150,524
Expenses
$183,001
Net income
-$32,477
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$5.44$6.94$1.50$1.66$1.78$0.12
2019Detailed filing. Detailed filing data is available for this year.$5.78$7.16$1.38$1.79$1.78$0.01
2018Detailed filing. Detailed filing data is available for this year.$6.02$7.41$1.39$1.72$1.74$0.02
2017Detailed filing. Detailed filing data is available for this year.$6.27$7.64$1.37$1.73$1.74$0.01
2016Detailed filing. Detailed filing data is available for this year.$6.37$7.74$1.36$1.80$1.81$0.01
2015Detailed filing. Detailed filing data is available for this year.$6.55$7.91$1.35$1.80$1.90$0.10
2014Detailed filing. Detailed filing data is available for this year.$6.80$8.05$1.25$1.74$1.90$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.07$8.17$1.10$1.51$1.83$0.32
2012Summary only. Only limited summary data is available for this year.$7.65$8.42$0.77$1.71$1.88$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.77$8.37$0.60$1.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.24$8.46$0.22$1.81$1.98$0.16