Civic Intelligence

Valley Apartments Inc.

EIN 42-1367798 • 501(c)3 • Algona, IA

Pub. 78 Eligible

Profile

To provide low rent housing in Sloan, Iowa.

PO Box 476Algona, IA 50511
Siviq Scores

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

Liabilities / Assets

93rd percentile

0.96x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

4.08x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

49th percentile

0.9%

Higher net margin than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

48th percentile

-3.4%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

-3.7%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$244,660

Down $8,679 (-3.4%) from 2023

Liabilities

Down

$234,308

Down $9,221 (-3.8%) from 2023

Net Assets

Up

$10,352

Up $542 (+5.5%) from 2023

Operations
Liabilities / Revenue98th percentileNet Margin49th percentile

Revenue

Down

$57,406

Down $2,194 (-3.7%) from 2023

Expenses

Down

$56,864

Down $940 (-1.6%) from 2023

Net Income

Down

$542

Down $1,254 (-70%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

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

$400K$300K$200K$100K$0-$100KAssets 2011: $247,510Liabilities 2011: $309,2292011Assets 2012: $239,846Liabilities 2012: $305,0842012Assets 2013: $232,035Liabilities 2013: $301,6892013Assets 2014: $230,056Liabilities 2014: $297,8942014Assets 2015: $223,229Liabilities 2015: $293,6422015Assets 2016: $220,432Liabilities 2016: $289,0012016Assets 2017: $220,181Liabilities 2017: $284,1542017Assets 2018: $220,819Liabilities 2018: $278,2642018Assets 2019: $222,000Liabilities 2019: $272,3292019Assets 2020: $222,405Liabilities 2020: $266,168Net Assets 2020: -$43,7632020Assets 2021: $223,394Liabilities 2021: $258,608Net Assets 2021: -$35,2142021Assets 2022: $259,508Liabilities 2022: $251,494Net Assets 2022: $8,0142022Assets 2023: $253,339Liabilities 2023: $243,529Net Assets 2023: $9,8102023Assets 2024: $244,660Liabilities 2024: $234,308Net Assets 2024: $10,3522024

Highlighted filing

2024

Assets$244,660
Liabilities$234,308
Net Assets$10,352
Open 2024 Filing

Operations Trend

Revenue Growth48th percentile

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

$100K$50K$0-$50KRevenue 2011: $41,855Expenses 2011: $47,262Net Income 2011: -$5,4072011Revenue 2012: $43,249Expenses 2012: $46,768Net Income 2012: -$3,5192012Revenue 2013: $40,198Expenses 2013: $44,614Net Income 2013: -$4,4162013Revenue 2014: $51,347Expenses 2014: $49,531Net Income 2014: $1,8162014Revenue 2015: $45,229Expenses 2015: $47,804Net Income 2015: -$2,5752015Revenue 2016: $50,825Expenses 2016: $48,981Net Income 2016: $1,8442016Revenue 2017: $53,681Expenses 2017: $49,085Net Income 2017: $4,5962017Revenue 2018: $52,624Expenses 2018: $46,096Net Income 2018: $6,5282018Revenue 2019: $54,948Expenses 2019: $47,832Net Income 2019: $7,1162019Revenue 2020: $57,016Expenses 2020: $50,450Net Income 2020: $6,5662020Revenue 2021: $57,798Expenses 2021: $49,249Net Income 2021: $8,5492021Revenue 2022: $96,285Expenses 2022: $53,057Net Income 2022: $43,2282022Revenue 2023: $59,600Expenses 2023: $57,804Net Income 2023: $1,7962023Revenue 2024: $57,406Expenses 2024: $56,864Net Income 2024: $5422024

Highlighted filing

2024

Revenue$57,406
Expenses$56,864
Net Income$542
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$244,660
Liabilities
$234,308
Net assets
$10,352
Revenue
$57,406
Expenses
$56,864
Net income
$542
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.45$2.34$0.10$0.57$0.57$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.53$2.44$0.10$0.60$0.58$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.60$2.51$0.08$0.96$0.53$0.43
2021Detailed filing. Detailed filing data is available for this year.$2.23$2.59$0.35$0.58$0.49$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.22$2.66$0.44$0.57$0.50$0.07
2019Summary only. Only limited summary data is available for this year.$2.22$2.72$0.55$0.48$0.07
2018Summary only. Only limited summary data is available for this year.$2.21$2.78$0.53$0.46$0.07
2017Summary only. Only limited summary data is available for this year.$2.20$2.84$0.54$0.49$0.05
2016Summary only. Only limited summary data is available for this year.$2.20$2.89$0.51$0.49$0.02
2015Summary only. Only limited summary data is available for this year.$2.23$2.94$0.45$0.48$0.03
2014Summary only. Only limited summary data is available for this year.$2.30$2.98$0.51$0.50$0.02
2013Summary only. Only limited summary data is available for this year.$2.32$3.02$0.40$0.45$0.04
2012Summary only. Only limited summary data is available for this year.$2.40$3.05$0.43$0.47$0.04
2011Summary only. Only limited summary data is available for this year.$2.48$3.09$0.42$0.47$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 28, 2025
Return Version
2024v5.0
Gross Receipts
$57,406
Mission and Program Overview

Mission

To provide low rent housing in Sloan, Iowa.

Program Services

DescriptionGrantsExpenses
To provide low rent housing for the elderly, disabled, and families. Rent is based on 30% of the applicant's yearly income with the remainder subsidized by USDA/Rural Development. This organization made it possible for 12 families to find safe and affordable housing in Sloan.$0$56,864
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Darrel IversonPresident-$0--
Richard PopeVice President-$0--
Kay PingSecretary/Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Valley Apartments Inc
EIN
42-1367798
Phone
5152952927
Address
PO Box 476, Algona, IA 50511

Signing Officer

Name
Kay Ping
Title
Secretary/Treasurer
Phone
7122665356
Signed
2025-04-28
Discuss with paid preparer
Yes

Preparer

Firm
Murphy Enterprises Inc
Address
Murphy Enterprises Inc, Algona, IA 50511
Preparer
William Murphy
Phone
5152952927
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

“Laundry $1446 and Tenant Charges $203”

Form 990-EZ, Part I, Line 16

“Depreciation $16105 and Interest $4518”

Form 990-EZ, Part II, Line 26

“Mortgage Balance $229902 and Security Deposits $4406”

Raw XML Appendix142 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Murphy Realty & Management Inc
IRS990EZ/BooksInCareOfDetail/PhoneNum05152952927
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0208 East State Street
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Algona
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd050511
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt055121
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt056682
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0542
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt09784
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0253339
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0244660
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt057406
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt0198218
IRS990EZ/LandAndBuildingsGrp/EOYAmt0187978
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt09810
IRS990EZ/NetAssetsOrFundBalancesEOYAmt010352
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt09810
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt010352
IRS990EZ/OccupancyRentUtltsAndMaintAmt022857
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Darrel Iverson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Richard Pope
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Kay Ping
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary/Treasurer
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt020623
IRS990EZ/OtherRevenueTotalAmt01649
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To provide low rent housing in Sloan, Iowa.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt055757
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To provide low rent housing for the elderly, disabled, and families. Rent is based on 30% of the applicant's yearly income with the remainder subsidized by USDA/Rural Development. This organization made it possible for 12 families to find safe and affordable housing in Sloan.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt056864
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt03600
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0243529
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0234308
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt056864
IRS990EZ/TotalProgramServiceExpensesAmt056864
IRS990EZ/TotalRevenueAmt057406
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Laundry $1446 and Tenant Charges $203
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation $16105 and Interest $4518
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mortgage Balance $229902 and Security Deposits $4406
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Kay Ping
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary/Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07122665356
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALLEY APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0421367798
ReturnHeader/Filer/PhoneNum05152952927
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 476
ReturnHeader/Filer/USAddress/CityNm0Algona
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050511
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270007462
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Murphy Enterprises Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0Murphy Enterprises Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Algona
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050511
ReturnHeader/PreparerPersonGrp/PhoneNum05152952927
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William Murphy
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-28T16:11:42-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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