Civic Intelligence

Calu Inc.

990 • Fiscal year 2020 • EIN 42-1201688

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 27, 2020

Organization ProfileN/A
PO Box 460Mechanicsville, IA 52306

(563) 942-3330

Siviq Scores

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

Liabilities / Assets

91st percentile

0.81x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

1.88x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

71st percentile

21%

Higher net margin than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

34th percentile

0.2%

Faster asset growth than 34% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

-0.1%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$762,245

Up $1,767 (+0.2%) from 2019

Net Assets

Down

$146,931

Down $14,016 (-8.7%) from 2019

Liabilities

Up

$615,314

Up $15,783 (+2.6%) from 2019

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin71st percentile

Revenue

Down

$327,056

Down $405 (-0.1%) from 2019

Expenses

Down

$259,971

Down $4,059 (-1.5%) from 2019

Net Income

Up

$67,085

Up $3,654 (+5.8%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$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

2020

Assets$762,245
Liabilities$615,314
Net Assets$146,931
Open 2020 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$327,056
Expenses$259,971
Net Income$67,085
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 27, 2020
Return Version
2019v5.0
Gross Receipts
$327,056
Mission and Program Overview

Mission

Operation of low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$543,217$513,388▼ $29,829
Savings and Temporary Cash Investments$204,298$231,877▲ $27,579
Prepaid Expenses and Deferred Charges-$15,690-
Cash and Non-Interest-Bearing Accounts$12,963$1,290▼ $11,673
Total Assets$760,478$762,245▲ $1,767
Liabilities
Mortgage Notes Payable Secured by Investment Property$568,735$499,825▼ $68,910
Other Liabilities$21,693$106,314▲ $84,621
Accounts Payable and Accrued Expenses$9,103$9,175▲ $72
Total Liabilities$599,531$615,314▲ $15,783
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$160,947$146,931▼ $14,016
Total Net Assets Fund Balance$160,947$146,931▼ $14,016
Total Liabilities and Net Assets / Fund Balance$760,478$762,245▲ $1,767

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$419,630$1,116,812$1,536,442
Land$93,758-$93,758
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Dennis HammelPresident
Claudia WorleyDirector
Dwight DiersDirector
Marilyn KaneDirector
Melvin DiehlDirector
Norma BognerDirector
Dale Sue GlassSecretary/tr
Mel AllenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$326,102
Investment Income
$954
Other Revenue
$0
Change in Net Assets
$67,085

Audited Revenue Reconciliation

Revenue per Audited Statements
$327,056
Total Revenue per Audited Statements
$327,056
Total Revenue per Form 990
$327,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$241,708
Salaries, Compensation, and Employee Benefits$18,263
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$101,937--$101,937
Interest$49,638--$49,638
Depreciation Depletion$34,129--$34,129
Fees for Services Management-$19,594-$19,594
Other Salaries and Wages$7,500$9,360-$16,860
Insurance$15,760--$15,760
Fees for Services Accounting-$11,899-$11,899
Other Expenses$6,042$183-$6,225
Office Expenses-$2,192-$2,192
Payroll Taxes$1,403--$1,403
Advertising-$334-$334
Total Functional Expenses$216,409$43,562$0$259,971

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$259,971
Total Expenses per Audited Statements$259,971
Total Expenses per Form 990$259,971
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
Liab. for Residual Receipts Recap.$84,963
Liability for Restr. Contribution$12,534
Tenant Deposits$8,817
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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, 2020 were 19,594. 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 3,444 to right way management, llc during the year ended june 30, 2020.”

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
PO BOX 460, MECHANICSVILLE, IA 52306

Signing Officer

Name
Dennis Hammel
Title
President
Phone
5639423330
Signed
2020-08-27
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

Preparer

Firm
Tdt Cpas and Advisors Pc
Address
1700 42ND ST NE, CEDAR RAPIDS, IA 52402
Preparer
Ross Vanlaar CPA
Phone
3193932374
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.”

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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, 2020 WERE 19,594. 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 3,444 TO RIGHT WAY MANAGEMENT, LLC DURING THE YEAR ENDED JUNE 30, 2020.
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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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01700 42ND ST NE
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$762,245
Liabilities
$615,314
Net assets
$146,931
Revenue
$327,056
Expenses
$259,971
Net income
$67,085
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
2020Detailed filing. Detailed filing data is available for this year.$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