Civic Intelligence

Calu Inc Right Way Managmentllc

EIN 42-1201688 • 501(c)3 • Mechanicsville, IA

Profile

Operation of low income housing

C/O Rightway Management ServicesMechanicsville, IA 52306
Siviq Scores

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

Liabilities / Assets

68th percentile

0.10x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

75th percentile

0.16x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

22nd percentile

-9.4%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

38th percentile

-0.3%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$532,471

Down $54,979 (-9.4%) from 2024

Liabilities

Down

$55,726

Down $107,130 (-66%) from 2024

Net Assets

Up

$476,745

Up $52,151 (+12%) from 2024

Operations
Liabilities / Revenue75th percentileNet Margin68th percentile

Revenue

Down

$344,659

Down $1,164 (-0.3%) from 2024

Expenses

Down

$292,508

Down $337 (-0.1%) from 2024

Net Income

Down

$52,151

Down $827 (-1.6%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth22nd percentile

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

$1.0M$500K$0-$500KAssets 2012: $735,199Liabilities 2012: $930,508Net Assets 2012: -$195,3092012Assets 2013: $762,508Liabilities 2013: $893,708Net Assets 2013: -$131,2002013Assets 2014: $736,695Liabilities 2014: $852,945Net Assets 2014: -$116,2502014Assets 2015: $774,911Liabilities 2015: $823,821Net Assets 2015: -$48,9102015Assets 2016: $751,531Liabilities 2016: $759,212Net Assets 2016: -$7,6812016Assets 2017: $755,013Liabilities 2017: $711,353Net Assets 2017: $43,6602017Assets 2018: $752,736Liabilities 2018: $655,220Net Assets 2018: $97,5162018Assets 2019: $760,478Liabilities 2019: $599,531Net Assets 2019: $160,9472019Assets 2020: $762,245Liabilities 2020: $615,314Net Assets 2020: $146,9312020Assets 2021: $802,886Liabilities 2021: $544,289Net Assets 2021: $258,5972021Assets 2022: $692,683Liabilities 2022: $354,547Net Assets 2022: $338,1362022Assets 2023: $687,660Liabilities 2023: $316,044Net Assets 2023: $371,6162023Assets 2024: $587,450Liabilities 2024: $162,856Net Assets 2024: $424,5942024Assets 2025: $532,471Liabilities 2025: $55,726Net Assets 2025: $476,7452025

Highlighted filing

2025

Assets$532,471
Liabilities$55,726
Net Assets$476,745
Open 2025 Filing

Operations Trend

Revenue Growth38th percentile

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

$400K$300K$200K$100K$0Expenses 2012: $263,9202012Revenue 2013: $318,432Expenses 2013: $254,323Net Income 2013: $64,1092013Revenue 2014: $319,819Expenses 2014: $304,869Net Income 2014: $14,9502014Revenue 2015: $317,434Expenses 2015: $250,094Net Income 2015: $67,3402015Revenue 2016: $298,736Expenses 2016: $257,507Net Income 2016: $41,2292016Revenue 2017: $313,469Expenses 2017: $262,128Net Income 2017: $51,3412017Revenue 2018: $320,917Expenses 2018: $267,061Net Income 2018: $53,8562018Revenue 2019: $327,461Expenses 2019: $264,030Net Income 2019: $63,4312019Revenue 2020: $327,056Expenses 2020: $259,971Net Income 2020: $67,0852020Revenue 2021: $340,331Expenses 2021: $228,665Net Income 2021: $111,6662021Revenue 2022: $352,494Expenses 2022: $272,955Net Income 2022: $79,5392022Revenue 2023: $344,383Expenses 2023: $310,903Net Income 2023: $33,4802023Revenue 2024: $345,823Expenses 2024: $292,845Net Income 2024: $52,9782024Revenue 2025: $344,659Expenses 2025: $292,508Net Income 2025: $52,1512025

Highlighted filing

2025

Revenue$344,659
Expenses$292,508
Net Income$52,151
Open 2025 Filing

Filings

Most recent year

2025 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$532,471
Liabilities
$55,726
Net assets
$476,745
Revenue
$344,659
Expenses
$292,508
Net income
$52,151
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.32$0.56$4.77$3.45$2.93$0.52
2024Summary only. Only limited summary data is available for this year.$5.87$1.63$4.25$3.46$2.93$0.53
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.88$3.16$3.72$3.44$3.11$0.33
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.93$3.55$3.38$3.52$2.73$0.80
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.03$5.44$2.59$3.40$2.29$1.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.62$6.15$1.47$3.27$2.60$0.67
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.60$6.00$1.61$3.27$2.64$0.63
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.53$6.55$0.98$3.21$2.67$0.54
2017Summary only. Only limited summary data is available for this year.$7.55$7.11$0.44$3.13$2.62$0.51
2016Summary only. Only limited summary data is available for this year.$7.52$7.59$0.08$2.99$2.58$0.41
2015Summary only. Only limited summary data is available for this year.$7.75$8.24$0.49$3.17$2.50$0.67
2014Summary only. Only limited summary data is available for this year.$7.37$8.53$1.16$3.20$3.05$0.15
2013Summary only. Only limited summary data is available for this year.$7.63$8.94$1.31$3.18$2.54$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.35$9.31$1.95$2.64
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$344,383
Mission and Program Overview

Mission

Operation of low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$541,758$546,843▲ $5,085
Savings and Temporary Cash Investments$149,399$140,054▼ $9,345
Cash and Non-Interest-Bearing Accounts$1,526$763▼ $763
Total Assets$692,683$687,660▼ $5,023
Liabilities
Mortgage Notes Payable Secured by Investment Property$339,891$248,488▼ $91,403
Accounts Payable and Accrued Expenses$4,312$57,584▲ $53,272
Other Liabilities$10,344$9,972▼ $372
Total Liabilities$354,547$316,044▼ $38,503
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$338,136$371,616▲ $33,480
Total Net Assets Fund Balance$338,136$371,616▲ $33,480
Total Liabilities and Net Assets / Fund Balance$692,683$687,660▼ $5,023

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$419,473$1,045,212$1,464,685
Equipment$33,612$138,995$172,607
Land$93,758-$93,758
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Dennis HammelPresident
Claudia WorleyDirector
Dwight DiersDirector
Marilyn KaneDirector
Norma BognerDirector
Terese CumminskyDirector
Dale Sue GlassSecretary/tr
Melvin DiehlVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$343,472
Investment Income
$138
Other Revenue
$773
Change in Net Assets
$33,480
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$290,151
Salaries, Compensation, and Employee Benefits$20,752
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$168,262--$168,262
Depreciation Depletion$36,058--$36,058
Interest$27,704--$27,704
Fees for Services Management-$20,607-$20,607
Other Salaries and Wages$9,600$9,600-$19,200
Insurance$18,527--$18,527
Fees for Services Accounting-$11,914-$11,914
Office Expenses-$5,093-$5,093
Other Expenses$1,986--$1,986
Payroll Taxes$776$776-$1,552
Total Functional Expenses$262,913$47,990$0$310,903
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Deposits$9,972
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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
Yes
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 organization has an agreement with right way management, llc to manage the property. Such agreement is subject to all pertinent requirements of the corporation's regulatory agreement with hud and has been approved by hud. The agreement provides that right way management, llc will be compensated by monthly fees in an amount equal to 6 percent of total operating income received during the month. The total fees paid and accrued to the management company for the year ended june 30, 2023 were 20,607. The agreement with right way management, llc automatically renews unless notification is made of an intention to terminate the agreement. The organization also paid bookkeeping fees of 3,514 to right way management, llc during the year ended june 30, 2023.”

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

“The 990 is reviewed by the management agent.”

Form 990, Page 6, Part VI, Line 12C

“Review is done every three years. Enforced by management and governing board.”

Form 990, Page 6, Part VI, Line 19

“Annual forms 990 are available upon request from the management agent.”

Filing and Contact Details

Filer

Filer Name
Calu Inc
EIN
42-1201688
Phone
5639423330
Address
C/O RIGHTWAY MANAGEMENT SERVICES, MECHANICSVILLE, IA 52306

Signing Officer

Name
Dennis Hammel
Title
President
Phone
5634326160
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Hammel
Formed
1982
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Forge Financial & Management Consulting
Address
1245 JORDAN CREEK PKWY STE 100, WEST DES MOINES, IA 50266-2343
Preparer
Ross Vanlaar CPA
Phone
5156203050
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is incorporated under the laws of iowa as a non-profit organization. Because of its non-profit status, the corporation is exempt from income taxes under irc section 501(c)(3). No capital stock is issued. The project is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Raw XML Appendix393 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
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IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0JOHN PETERSEN RIGHT WAY MGMT LLC
IRS990/BooksInCareOfDetail/PhoneNum05639423330
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 460
IRS990/BooksInCareOfDetail/USAddress/CityNm0MECHANICSVILLE
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IRS990/BooksInCareOfDetail/USAddress/ZIPCd052306
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IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
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IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
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IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYTotalExpensesAmt0310903
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0344383
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt036058
IRS990/DepreciationDepletionGrp/TotalAmt036058
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IRS990/DescribedInSection501c3Ind0true
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IRS990/FeesForServicesManagementGrp/TotalAmt020607
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0DENNIS HAMMEL
IRS990/Form990PartVIISectionAGrp/PersonNm1MELVIN DIEHL
IRS990/Form990PartVIISectionAGrp/PersonNm2DALE SUE GLASS
IRS990/Form990PartVIISectionAGrp/PersonNm3NORMA BOGNER
IRS990/Form990PartVIISectionAGrp/PersonNm4DWIGHT DIERS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
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IRS990/IRPDocumentCnt06
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS INCORPORATED UNDER THE LAWS OF IOWA AS A NON-PROFIT ORGANIZATION. BECAUSE OF ITS NON-PROFIT STATUS, THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(C)(3). NO CAPITAL STOCK IS ISSUED. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS AN AGREEMENT WITH RIGHT WAY MANAGEMENT, LLC TO MANAGE THE PROPERTY. SUCH AGREEMENT IS SUBJECT TO ALL PERTINENT REQUIREMENTS OF THE CORPORATION'S REGULATORY AGREEMENT WITH HUD AND HAS BEEN APPROVED BY HUD. THE AGREEMENT PROVIDES THAT RIGHT WAY MANAGEMENT, LLC WILL BE COMPENSATED BY MONTHLY FEES IN AN AMOUNT EQUAL TO 6 PERCENT OF TOTAL OPERATING INCOME RECEIVED DURING THE MONTH. THE TOTAL FEES PAID AND ACCRUED TO THE MANAGEMENT COMPANY FOR THE YEAR ENDED JUNE 30, 2023 WERE 20,607. THE AGREEMENT WITH RIGHT WAY MANAGEMENT, LLC AUTOMATICALLY RENEWS UNLESS NOTIFICATION IS MADE OF AN INTENTION TO TERMINATE THE AGREEMENT. THE ORGANIZATION ALSO PAID BOOKKEEPING FEES OF 3,514 TO RIGHT WAY MANAGEMENT, LLC DURING THE YEAR ENDED JUNE 30, 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE MANAGEMENT AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW IS DONE EVERY THREE YEARS. ENFORCED BY MANAGEMENT AND GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL FORMS 990 ARE AVAILABLE UPON REQUEST FROM THE MANAGEMENT AGENT.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CALU INC
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ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O RIGHTWAY MANAGEMENT SERVICES
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01245 JORDAN CREEK PKWY STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST DES MOINES
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ReturnHeader/PreparerPersonGrp/PhoneNum05156203050
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROSS VANLAAR CPA
ReturnHeader/ReturnTs02023-11-10T13:08:07-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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