Civic Intelligence

Marion Elderly Housing Inc C/O Young Management Corporation

990 • Fiscal year 2016 • EIN 42-1389469

Oct 01, 2015 to Sep 30, 2016 • Filed on Feb 07, 2016

Organization ProfileNA
6515 Grand Teton Plaza Ste 220Madison, WI 53719-1048

(319) 373-8696

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.05x

Higher debt load relative to assets than 52% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

71st percentile

0.16x

Higher debt load relative to revenue than 71% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

10th percentile

-33%

Higher net margin than 10% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

19th percentile

-8.2%

Faster asset growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

47th percentile

1.5%

Faster revenue growth than 47% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$867,266

Down $77,769 (-8.2%) from 2015

Net Assets

Down

$825,971

Down $82,183 (-9.0%) from 2015

Liabilities

Up

$41,295

Up $4,414 (+12%) from 2015

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin10th percentile

Revenue

Up

$251,230

Up $3,814 (+1.5%) from 2015

Expenses

Up

$333,413

Up $20,894 (+6.7%) from 2015

Net Income

Down

-$82,183

Down $17,080 (-26%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $1,372,461Liabilities 2010: $38,216Net Assets 2010: $1,334,2452010Assets 2011: $1,258,098Liabilities 2011: $29,553Net Assets 2011: $1,228,5452011Assets 2012: $1,171,657Liabilities 2012: $29,478Net Assets 2012: $1,142,1792012Assets 2013: $1,084,421Liabilities 2013: $30,809Net Assets 2013: $1,053,6122013Assets 2014: $1,014,770Liabilities 2014: $41,513Net Assets 2014: $973,2572014Assets 2015: $945,035Liabilities 2015: $36,881Net Assets 2015: $908,1542015Assets 2016: $867,266Liabilities 2016: $41,295Net Assets 2016: $825,9712016Assets 2017: $810,683Liabilities 2017: $47,042Net Assets 2017: $763,6412017Assets 2018: $726,646Liabilities 2018: $45,549Net Assets 2018: $681,0972018Assets 2019: $652,222Liabilities 2019: $54,010Net Assets 2019: $598,2122019Assets 2020: $577,289Liabilities 2020: $72,908Net Assets 2020: $504,3812020Assets 2021: $491,472Liabilities 2021: $38,678Net Assets 2021: $452,7942021Assets 2022: $380,017Liabilities 2022: $40,682Net Assets 2022: $339,3352022Assets 2023: $329,552Liabilities 2023: $48,188Net Assets 2023: $281,3642023Assets 2024: $321,237Liabilities 2024: $46,140Net Assets 2024: $275,0972024Assets 2025: $359,929Liabilities 2025: $76,388Net Assets 2025: $283,5412025

Highlighted filing

2016

Assets$867,266
Liabilities$41,295
Net Assets$825,971
Open 2016 Filing

Operations Trend

Revenue Growth47th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $311,4142010Revenue 2011: $214,862Expenses 2011: $320,562Net Income 2011: -$105,7002011Revenue 2012: $214,433Expenses 2012: $300,799Net Income 2012: -$86,3662012Expenses 2013: $309,4812013Revenue 2014: $240,079Expenses 2014: $320,434Net Income 2014: -$80,3552014Revenue 2015: $247,416Expenses 2015: $312,519Net Income 2015: -$65,1032015Revenue 2016: $251,230Expenses 2016: $333,413Net Income 2016: -$82,1832016Revenue 2017: $261,134Expenses 2017: $323,464Net Income 2017: -$62,3302017Revenue 2018: $267,049Expenses 2018: $349,593Net Income 2018: -$82,5442018Revenue 2019: $279,904Expenses 2019: $362,789Net Income 2019: -$82,8852019Revenue 2020: $285,226Expenses 2020: $379,057Net Income 2020: -$93,8312020Revenue 2021: $295,487Expenses 2021: $347,074Net Income 2021: -$51,5872021Revenue 2022: $319,386Expenses 2022: $432,845Net Income 2022: -$113,4592022Revenue 2023: $367,615Expenses 2023: $425,586Net Income 2023: -$57,9712023Revenue 2024: $384,473Expenses 2024: $390,740Net Income 2024: -$6,2672024Revenue 2025: $454,400Expenses 2025: $445,956Net Income 2025: $8,4442025

Highlighted filing

2016

Revenue$251,230
Expenses$333,413
Net Income-$82,183
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 7, 2016
Return Version
2015v3.0
Gross Receipts
$251,230
Mission and Program Overview

Mission

To provide elderly persons and handicapped persons with housing facilities and services specially designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness, and usefulness in longer living.

To provide affordable housing for low-income senior citizens

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$809,589$726,294▼ $83,295
Cash and Non-Interest-Bearing Accounts$21,004$13,901▼ $7,103
Savings and Temporary Cash Investments$13,829$13,857▲ $28
Prepaid Expenses and Deferred Charges$3,719$2,264▼ $1,455
Pledges and Grants Receivable$55$365▲ $310
Total Assets$945,035$867,266▼ $77,769
Other Assets Total$96,839$110,585▲ $13,746
Liabilities
Accounts Payable and Accrued Expenses$16,555$21,279▲ $4,724
Other Liabilities$19,873$19,716▼ $157
Deferred Revenue$453$300▼ $153
Total Liabilities$36,881$41,295▲ $4,414
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,700,200$2,700,200→ $0
Unrestricted Net Assets$-1,792,046$-1,874,229▼ $82,183
Total Net Assets Fund Balance$908,154$825,971▼ $82,183
Total Liabilities and Net Assets / Fund Balance$945,035$867,266▼ $77,769

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$621,846$2,115,478$2,737,324
Equipment$27,659$96,138$123,797
Leasehold Improvements$69,646$44,637$114,283
Land$7,143-$7,143
Other Assets Org$110,585--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Ray FranklinPresident
Dan BarkleyBoard Member
Jane DrapeauxBoard Member
Kay McguireBoard Member
Donald RatzlaffSecretary
Deb RothTreasurer
Michael KleebergerVP (resigned
Revenue and Support

Revenue Composition

Contributions and Grants
$3,228
Program Service Revenue
$247,808
Investment Income
$194
Other Revenue
$0
All Other Contributions
$3,228
Change in Net Assets
$-82,183

Audited Revenue Reconciliation

Revenue per Audited Statements
$251,230
Total Revenue per Audited Statements
$251,230
Total Revenue per Form 990
$251,230
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$259,328
Salaries, Compensation, and Employee Benefits$74,085
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$102,922--$102,922
Occupancy$67,384--$67,384
Other Salaries and Wages$40,635$25,127-$65,762
Fees for Services Management-$22,680-$22,680
Fees for Services Accounting-$10,671-$10,671
Office Expenses$2,107$8,177-$10,284
Insurance$9,934--$9,934
Payroll Taxes$4,762$2,919-$7,681
Other Expenses$11,187$1,221-$1,221
Advertising-$893-$893
Other Employee Benefits$398$244-$642
Conferences and Meetings-$91-$91
Total Functional Expenses$257,258$76,155$0$333,413

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$333,413
Total Expenses per Audited Statements$333,413
Total Expenses per Form 990$333,413
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
Security Deposits$19,716
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
No
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

“A management company provides services such as marketing, rental, collections and maintenance and repair of the facility.”

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

“The form 990 with all applicable schedules completed for marion elderly housing, inc. Is reviewed by the board of directors before it is filed with the internal revenue service.”

Form 990, Page 6, Part VI, Line 19

“Marion elderly housing, inc. Makes its governng documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Marion Elderly Housing Inc
EIN
42-1389469
Phone
3193738696
Address
6515 GRAND TETON PLAZA STE 220, MADISON, WI 53719-1048

Signing Officer

Name
Ray Franklin
Title
President
Phone
3193738696
Signed
2016-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ray Franklin
Formed
1992
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Mcgowen Hurst Clark & Smith Pc
Address
1601 W LAKES PKWY STE 300, WEST DES MOINES, IA 50266
Preparer
Nathan T Beck CPA
Phone
5152883279
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Management is unaware of any uncertain tax positions at september 30, 2016 and 2015. Interest and penalties associated with income tax matters would be presented as components of income tax expense. There were no interest or penalty charges during the years ended september 30, 2016 and 2015. The organizations prior three years tax returns remain subject to examination by the internal revenue service.”

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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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0214334
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0220914
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0621846
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02115478
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02737324
IRS990ScheduleD/EquipmentGrp/BookValueAmt027659
IRS990ScheduleD/EquipmentGrp/DepreciationAmt096138
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0123797
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt07143
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0114283
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0110585
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS AT SEPTEMBER 30, 2016 AND 2015. INTEREST AND PENALTIES ASSOCIATED WITH INCOME TAX MATTERS WOULD BE PRESENTED AS COMPONENTS OF INCOME TAX EXPENSE. THERE WERE NO INTEREST OR PENALTY CHARGES DURING THE YEARS ENDED SEPTEMBER 30, 2016 AND 2015. THE ORGANIZATIONS PRIOR THREE YEARS TAX RETURNS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0110585
IRS990ScheduleD/TotalExpensesPerForm990Amt0333413
IRS990ScheduleD/TotalLiabilityAmt019716
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A MANAGEMENT COMPANY PROVIDES SERVICES SUCH AS MARKETING, RENTAL, COLLECTIONS AND MAINTENANCE AND REPAIR OF THE FACILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WITH ALL APPLICABLE SCHEDULES COMPLETED FOR MARION ELDERLY HOUSING, INC. IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MARION ELDERLY HOUSING, INC. MAKES ITS GOVERNNG DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0333413
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036881
IRS990/TotalLiabilitiesEOYAmt041295
IRS990/TotalLiabilitiesGrp/BOYAmt036881
IRS990/TotalLiabilitiesGrp/EOYAmt041295
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAY FRANKLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03193738696
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARION ELDERLY HOUSING INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O HOMZ MANAGEMENT
ReturnHeader/Filer/BusinessNameControlTxt0MARI
ReturnHeader/Filer/EIN0421389469
ReturnHeader/Filer/PhoneNum03193738696
ReturnHeader/Filer/USAddress/AddressLine1Txt06515 GRAND TETON PLAZA STE 220
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0537191048
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421104473
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCGOWEN HURST CLARK & SMITH PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01601 W LAKES PKWY STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST DES MOINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050266
ReturnHeader/PreparerPersonGrp/PhoneNum05152883279
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NATHAN T BECK CPA
ReturnHeader/ReturnTs02017-02-21T14:34:50-06:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$867,266
Liabilities
$41,295
Net assets
$825,971
Revenue
$251,230
Expenses
$333,413
Net income
-$82,183
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.36$0.08$0.28$0.45$0.45$0.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.05$0.28$0.38$0.39$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.05$0.28$0.37$0.43$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.38$0.04$0.34$0.32$0.43$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.04$0.45$0.30$0.35$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.07$0.50$0.29$0.38$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.05$0.60$0.28$0.36$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.73$0.05$0.68$0.27$0.35$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.05$0.76$0.26$0.32$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.87$0.04$0.83$0.25$0.33$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.95$0.04$0.91$0.25$0.31$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.01$0.04$0.97$0.24$0.32$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.03$1.05$0.31
2012Summary only. Only limited summary data is available for this year.$1.17$0.03$1.14$0.21$0.30$0.09
2011Summary only. Only limited summary data is available for this year.$1.26$0.03$1.23$0.21$0.32$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.04$1.33$0.31