Civic Intelligence

Boone Regency Retirement

990 • Fiscal year 2016 • EIN 42-1402529

Nov 01, 2015 to Oct 31, 2016 • Filed on Mar 07, 2017

1110 S MarshallBoone, IA 50036

(515) 432-9463

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.37x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

1.60x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

82nd percentile

23%

Higher net margin than 82% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

25th percentile

-4.0%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

40th percentile

-0.5%

Faster revenue growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,275,916

Down $53,500 (-4.0%) from 2015

Net Assets

Up

$809,225

Up $66,880 (+9.0%) from 2015

Liabilities

Down

$466,691

Down $120,380 (-21%) from 2015

Revenue

Down

$291,689

Down $1,348 (-0.5%) from 2015

Expenses

Down

$224,809

Down $14,523 (-6.1%) from 2015

Net Income

Up

$66,880

Up $13,175 (+25%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,920,568Liabilities 2010: $1,521,638Net Assets 2010: $398,9302010Assets 2011: $1,864,799Liabilities 2011: $1,414,800Net Assets 2011: $449,9992011Assets 2012: $1,818,733Liabilities 2012: $1,307,594Net Assets 2012: $511,1392012Assets 2013: $1,787,496Liabilities 2013: $1,212,087Net Assets 2013: $575,4092013Assets 2014: $1,516,281Liabilities 2014: $827,641Net Assets 2014: $688,6402014Assets 2015: $1,329,416Liabilities 2015: $587,071Net Assets 2015: $742,3452015Assets 2016: $1,275,916Liabilities 2016: $466,691Net Assets 2016: $809,2252016Assets 2017: $1,322,638Liabilities 2017: $441,000Net Assets 2017: $881,6382017Assets 2018: $1,360,696Liabilities 2018: $428,797Net Assets 2018: $931,8992018Assets 2019: $1,363,490Liabilities 2019: $393,687Net Assets 2019: $969,8032019Assets 2020: $1,337,643Liabilities 2020: $369,531Net Assets 2020: $968,1122020Assets 2021: $1,248,472Liabilities 2021: $337,639Net Assets 2021: $910,8332021Assets 2022: $1,113,893Liabilities 2022: $311,716Net Assets 2022: $802,1772022Assets 2023: $1,065,927Liabilities 2023: $285,931Net Assets 2023: $779,9962023Assets 2024: $940,682Liabilities 2024: $260,847Net Assets 2024: $679,8352024Assets 2025: $919,299Liabilities 2025: $235,554Net Assets 2025: $683,7452025

Highlighted filing

2016

Assets$1,275,916
Liabilities$466,691
Net Assets$809,225

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $263,2262010Expenses 2011: $252,3252011Expenses 2012: $250,4802012Expenses 2013: $255,0532013Revenue 2014: $314,869Expenses 2014: $240,864Net Income 2014: $74,0052014Revenue 2015: $293,037Expenses 2015: $239,332Net Income 2015: $53,7052015Revenue 2016: $291,689Expenses 2016: $224,809Net Income 2016: $66,8802016Revenue 2017: $292,312Expenses 2017: $219,899Net Income 2017: $72,4132017Revenue 2018: $288,210Expenses 2018: $237,949Net Income 2018: $50,2612018Revenue 2019: $293,694Expenses 2019: $255,790Net Income 2019: $37,9042019Revenue 2020: $290,541Expenses 2020: $292,232Net Income 2020: -$1,6912020Revenue 2021: $304,604Expenses 2021: $361,883Net Income 2021: -$57,2792021Revenue 2022: $291,719Expenses 2022: $417,079Net Income 2022: -$125,3602022Revenue 2023: $289,948Expenses 2023: $312,129Net Income 2023: -$22,1812023Revenue 2024: $288,475Expenses 2024: $371,932Net Income 2024: -$83,4572024Revenue 2025: $304,178Expenses 2025: $300,268Net Income 2025: $3,9102025

Highlighted filing

2016

Revenue$291,689
Expenses$224,809
Net Income$66,880
Jump To
Filing Snapshot
Filing Period
Nov 1, 2015 to Oct 31, 2016
Signed
Mar 7, 2017
Return Version
2015v3.0
Gross Receipts
$291,689
Mission and Program Overview

Mission

To provide residential housing and other facilities to the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,221,978$1,167,752▼ $54,226
Cash and Non-Interest-Bearing Accounts$107,438$108,164▲ $726
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,329,416$1,275,916▼ $53,500
Other Assets Total-$0-
Liabilities
Other Liabilities$491,661$465,786▼ $25,875
Mortgage Notes Payable Secured by Investment Property$94,000--
Accounts Payable and Accrued Expenses$1,410$905▼ $505
Total Liabilities$587,071$466,691▼ $120,380
Net Assets / Fund Balance
Unrestricted Net Assets$742,345$809,225▲ $66,880
Total Net Assets Fund Balance$742,345$809,225▲ $66,880
Total Liabilities and Net Assets / Fund Balance$1,329,416$1,275,916▼ $53,500

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$993,728$1,165,351$2,159,079
Land$174,024-$174,024
Equipment-$53,425$53,425
Compensation and Service Providers

Board Members and Trustees

NameTitle
Al SorensenPresident
Ed HeldtVice President
Jack BlanschanDirector
Mary HallSecretary
Karen ElyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,977
Program Service Revenue
$286,651
Investment Income
$61
Other Revenue
$0
All Other Contributions
$4,977
Change in Net Assets
$66,880
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$186,750
Salaries, Compensation, and Employee Benefits$38,059
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$103,415--$103,415
Depreciation Depletion$54,226--$54,226
Other Salaries and Wages$21,887$13,266-$35,153
Insurance$17,334--$17,334
Fees for Services Other-$3,785-$3,785
Payroll Taxes$2,906--$2,906
Office Expenses$2,713--$2,713
Interest$1,762--$1,762
Advertising$1,410--$1,410
Other Expenses$155--$155
Total Functional Expenses$207,758$17,051$0$224,809
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Resident Entrance Fee$465,786
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Each member of the governing board has access to a copy of the form 990 and will review a copy of the 990 before submission.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization requires a signed written statement from directors regarding the conflict of interest policy.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board reviews the compensation of all employees annually and does comparisons with similiar organizations.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All required documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Boone Regency Retirement
EIN
42-1402529
Phone
5154329463
Address
1110 S MARSHALL, BOONE, IA 50036

Signing Officer

Name
Al Sorensen
Title
President
Signed
2017-03-07
Discuss with paid preparer
Yes

Organization Details

Formed
1993
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
10

Preparer

Firm
Houston & Seeman PC
Address
724 Story St 601, Boone, IA 50036-2871
Preparer
Eric G Seeman
Phone
5154321176
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The organization does not believe it has any income derived from unrelated business activities. The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RESIDENT ENTRANCE FEE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT BELIEVE IT HAS ANY INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalLiabilityAmt0465786
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH MEMBER OF THE GOVERNING BOARD HAS ACCESS TO A COPY OF THE FORM 990 AND WILL REVIEW A COPY OF THE 990 BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES A SIGNED WRITTEN STATEMENT FROM DIRECTORS REGARDING THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE COMPENSATION OF ALL EMPLOYEES ANNUALLY AND DOES COMPARISONS WITH SIMILIAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL REQUIRED DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0291689
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AL SORENSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BOONE REGENCY RETIREMENT
ReturnHeader/Filer/BusinessNameControlTxt0BOON
ReturnHeader/Filer/EIN0421402529
ReturnHeader/Filer/PhoneNum05154329463
ReturnHeader/Filer/USAddress/AddressLine1Txt01110 S MARSHALL

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.92$0.24$0.68$0.30$0.30$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.94$0.26$0.68$0.29$0.37$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.07$0.29$0.78$0.29$0.31$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.11$0.31$0.80$0.29$0.42$0.13
2021Detailed filing. Detailed filing data is available for this year.$1.25$0.34$0.91$0.30$0.36$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.34$0.37$0.97$0.29$0.29$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.36$0.39$0.97$0.29$0.26$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.36$0.43$0.93$0.29$0.24$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.32$0.44$0.88$0.29$0.22$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.28$0.47$0.81$0.29$0.22$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.59$0.74$0.29$0.24$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.52$0.83$0.69$0.31$0.24$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$1.21$0.58$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$1.31$0.51$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$1.41$0.45$0.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$1.52$0.40$0.26