Civic Intelligence

Marion Elderly Housing Inc C/O Young Management Corporation

990 • Fiscal year 2019 • EIN 42-1389469

Oct 01, 2018 to Sep 30, 2019 • Filed on Jan 14, 2020

Organization ProfileNA
6515 Grand Teton PlazaMadison, WI 53719-1048

(319) 373-8696

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.08x

Higher debt load relative to assets than 62% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

76th percentile

0.19x

Higher debt load relative to revenue than 76% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

10th percentile

-30%

Higher net margin than 10% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

16th percentile

-10%

Faster asset growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

52nd percentile

4.8%

Faster revenue growth than 52% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$652,222

Down $74,424 (-10%) from 2018

Net Assets

Down

$598,212

Down $82,885 (-12%) from 2018

Liabilities

Up

$54,010

Up $8,461 (+19%) from 2018

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin10th percentile

Revenue

Up

$279,904

Up $12,855 (+4.8%) from 2018

Expenses

Up

$362,789

Up $13,196 (+3.8%) from 2018

Net Income

Down

-$82,885

Down $341 (-0.4%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth16th 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

2019

Assets$652,222
Liabilities$54,010
Net Assets$598,212
Open 2019 Filing

Operations Trend

Revenue Growth52nd 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

2019

Revenue$279,904
Expenses$362,789
Net Income-$82,885
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jan 14, 2020
Return Version
2018v3.2
Gross Receipts
$279,904
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$571,742$492,476▼ $79,266
Savings and Temporary Cash Investments$13,882$13,882→ $0
Cash and Non-Interest-Bearing Accounts$23,858$10,494▼ $13,364
Prepaid Expenses and Deferred Charges$2,367$2,680▲ $313
Accounts Receivable-$157-
Total Assets$726,646$652,222▼ $74,424
Other Assets Total$114,797$132,533▲ $17,736
Liabilities
Accounts Payable and Accrued Expenses$24,067$32,395▲ $8,328
Other Liabilities$21,107$21,032▼ $75
Deferred Revenue$375$583▲ $208
Total Liabilities$45,549$54,010▲ $8,461
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,700,200$2,700,200→ $0
Unrestricted Net Assets$-2,019,103$-2,101,988▼ $82,885
Total Net Assets Fund Balance$681,097$598,212▼ $82,885
Total Liabilities and Net Assets / Fund Balance$726,646$652,222▼ $74,424

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$345,915$2,391,410$2,737,325
Equipment$73,674$112,915$186,589
Leasehold Improvements$38,946$56,631$95,577
Other Land Buildings$26,798$9,235$36,033
Land$7,143-$7,143
Other Assets Org$132,533--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Ray FranklinPresident
Dan BarkleyBoard Member
Dan MorganBoard Member
Donald RatzlaffSecretary
Deb RothTreasurer
Kay McguireVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,250
Program Service Revenue
$277,306
Investment Income
$208
Other Revenue
$140
All Other Contributions
$2,250
Change in Net Assets
$-82,885

Audited Revenue Reconciliation

Revenue per Audited Statements
$279,904
Total Revenue per Audited Statements
$279,904
Total Revenue per Form 990
$279,904
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$278,009
Salaries, Compensation, and Employee Benefits$84,780
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$105,545--$105,545
Occupancy$92,241--$92,241
Other Salaries and Wages$76,364--$76,364
Fees for Services Management-$22,680-$22,680
Fees for Services Accounting-$11,197-$11,197
Office Expenses$9,494--$9,494
Payroll Taxes$7,395--$7,395
Insurance$2,106--$2,106
All Other Expenses$15$1,804-$1,819
Other Expenses$1,160--$1,160
Other Employee Benefits$1,021--$1,021
Advertising$972--$972
Total Functional Expenses$327,108$35,681$0$362,789

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$362,789
Total Expenses per Audited Statements$362,789
Total Expenses per Form 990$362,789
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$21,032
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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 delegated control over management duties to homz management corporation. The management company specializes in providing marketing, rental, collections, maintenance and repair, as well as other services for housing projects.”

Form 990, Page 6, Part VI, Line 7A

“Two directors may be employees of hawkeye area community action, inc., but shall be non-voting members of the board of directors.”

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 12C

“Potential conflicts of interest are discussed when new board members join or circumstances arise that could lead to possible conflicts of interest.”

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. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Kay Mcguire
Title
Vice President
Phone
3193738696
Signed
2020-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ray Franklin
Formed
1992
Legal Domicile
Ia
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

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

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization has been granted tax-exempt status under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes has been provided in the financial statements. Management is unaware of any uncertain tax positions at september 30, 2019 and 2018. 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 2019 and 2018.”

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE AND ESCROW DEPOSITS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THE FINANCIAL STATEMENTS. MANAGEMENT IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS AT SEPTEMBER 30, 2019 AND 2018. 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 2019 AND 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO HOMZ MANAGEMENT CORPORATION. THE MANAGEMENT COMPANY SPECIALIZES IN PROVIDING MARKETING, RENTAL, COLLECTIONS, MAINTENANCE AND REPAIR, AS WELL AS OTHER SERVICES FOR HOUSING PROJECTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TWO DIRECTORS MAY BE EMPLOYEES OF HAWKEYE AREA COMMUNITY ACTION, INC., BUT SHALL BE NON-VOTING MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED WHEN NEW BOARD MEMBERS JOIN OR CIRCUMSTANCES ARISE THAT COULD LEAD TO POSSIBLE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MARION ELDERLY HOUSING, INC. MAKES ITS GOVERNNG DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF TIME AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 6104(D) FOR OTHER PUBLIC DISCLOSURE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KAY MCGUIRE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-14
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$652,222
Liabilities
$54,010
Net assets
$598,212
Revenue
$279,904
Expenses
$362,789
Net income
-$82,885
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
2019Detailed filing. Detailed filing data is available for this year.$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