Civic Intelligence

Prairie View Leasing

990 • Fiscal year 2020 • EIN 42-1467496

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 21, 2021

610 Eastern StreetSanborn, IA 51248

(712) 930-3228

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.20x

Higher debt load relative to assets than 53% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

56th percentile

0.26x

Higher debt load relative to revenue than 56% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$147,251

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

57th percentile

9.1%

Faster asset growth than 57% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

70th percentile

14%

Faster revenue growth than 70% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$8,785,786

Up $733,303 (+9.1%) from 2019

Net Assets

Up

$7,065,615

Up $817,322 (+13%) from 2019

Liabilities

Down

$1,720,171

Down $84,019 (-4.7%) from 2019

Revenue

Up

$6,542,901

Up $785,864 (+14%) from 2019

Expenses

Up

$5,725,579

Up $151,836 (+2.7%) from 2019

Net Income

Up

$817,322

Up $634,028 (+346%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $6,993,912Liabilities 2011: $2,754,977Net Assets 2011: $4,238,9352011Assets 2012: $7,057,431Liabilities 2012: $2,620,696Net Assets 2012: $4,436,7352012Assets 2013: $7,184,759Liabilities 2013: $2,468,157Net Assets 2013: $4,716,6022013Assets 2014: $7,005,676Liabilities 2014: $1,789,940Net Assets 2014: $5,215,7362014Assets 2015: $7,186,453Liabilities 2015: $1,749,876Net Assets 2015: $5,436,5772015Assets 2016: $7,471,224Liabilities 2016: $1,958,495Net Assets 2016: $5,512,7292016Assets 2017: $7,660,223Liabilities 2017: $1,876,601Net Assets 2017: $5,783,6222017Assets 2018: $7,857,493Liabilities 2018: $1,792,494Net Assets 2018: $6,064,9992018Assets 2019: $8,052,483Liabilities 2019: $1,804,190Net Assets 2019: $6,248,2932019Assets 2020: $8,785,786Liabilities 2020: $1,720,171Net Assets 2020: $7,065,6152020Assets 2021: $8,591,971Liabilities 2021: $1,362,949Net Assets 2021: $7,229,0222021Assets 2022: $8,265,036Liabilities 2022: $1,465,587Net Assets 2022: $6,799,4492022Assets 2023: $7,688,568Liabilities 2023: $1,447,889Net Assets 2023: $6,240,6792023Assets 2024: $7,358,882Liabilities 2024: $1,385,947Net Assets 2024: $5,972,9352024

Highlighted filing

2020

Assets$8,785,786
Liabilities$1,720,171
Net Assets$7,065,615

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,514,422Expenses 2011: $4,234,432Net Income 2011: $279,9902011Revenue 2012: $4,577,929Expenses 2012: $4,380,129Net Income 2012: $197,8002012Revenue 2013: $4,772,995Expenses 2013: $4,493,128Net Income 2013: $279,8672013Revenue 2014: $5,261,828Expenses 2014: $4,762,694Net Income 2014: $499,1342014Revenue 2015: $5,270,098Expenses 2015: $5,049,257Net Income 2015: $220,8412015Revenue 2016: $5,233,940Expenses 2016: $5,157,788Net Income 2016: $76,1522016Revenue 2017: $5,399,313Expenses 2017: $5,128,420Net Income 2017: $270,8932017Revenue 2018: $5,675,065Expenses 2018: $5,393,688Net Income 2018: $281,3772018Revenue 2019: $5,757,037Expenses 2019: $5,573,743Net Income 2019: $183,2942019Revenue 2020: $6,542,901Expenses 2020: $5,725,579Net Income 2020: $817,3222020Revenue 2021: $5,521,913Expenses 2021: $5,358,506Net Income 2021: $163,4072021Revenue 2022: $4,486,670Expenses 2022: $4,916,243Net Income 2022: -$429,5732022Revenue 2023: $4,346,901Expenses 2023: $4,905,671Net Income 2023: -$558,7702023Revenue 2024: $4,670,499Expenses 2024: $4,938,243Net Income 2024: -$267,7442024

Highlighted filing

2020

Revenue$6,542,901
Expenses$5,725,579
Net Income$817,322
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 21, 2021
Return Version
2020v4.0
Gross Receipts
$6,542,901
Mission and Program Overview

Mission

To provide assistance to the aged of the community by means of meeting their medical, physical & social needs by the operation of an independent & assisted living facility, alzheimers

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,778,498$5,597,699▼ $180,799
Cash and Non-Interest-Bearing Accounts$1,914,882$2,847,253▲ $932,371
Prepaid Expenses and Deferred Charges$89,807$176,134▲ $86,327
Accounts Receivable$269,296$164,700▼ $104,596
Total Assets$8,052,483$8,785,786▲ $733,303
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,238,649$1,021,082▼ $217,567
Accounts Payable and Accrued Expenses$565,541$457,151▼ $108,390
Deferred Revenue-$241,938-
Total Liabilities$1,804,190$1,720,171▼ $84,019
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,248,293$7,065,615▲ $817,322
Total Net Assets Fund Balance$6,248,293$7,065,615▲ $817,322
Total Liabilities and Net Assets / Fund Balance$8,052,483$8,785,786▲ $733,303

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,556,530$3,293,412$7,849,942
Equipment$249,116$1,611,494$1,860,610
Buildings$787,352$774,765$1,562,117
Land$4,701-$4,701
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Wendy NelsonAdministratoPT$147,251$147,251

Board Members and Trustees

NameTitle
Chris WoltersPresident
Brent Vander WerffDirector
Dudley McdowellDirector
Jeff QueckDirector
Lowell AppletonDirector
Seth PostmaDirector
Sheril GettingDirector
Nancy VandykeSecretary
James CravensTreasurer
Dr Terry BoelterVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$767,203
Program Service Revenue
$5,769,601
Investment Income
$6,097
Other Revenue
$0
All Other Contributions
$4,280
Change in Net Assets
$817,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,053,606
Other Expenses$1,671,973
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,248,154$103,184-$3,351,338
Occupancy$379,876$48,608-$428,484
Depreciation Depletion$372,423--$372,423
Payroll Taxes$248,310$19,112-$267,422
Other Employee Benefits$191,490$14,765-$206,255
Insurance$137,402$10,593-$147,995
Current Officers, Directors, Trustees, and Key Employees-$147,251-$147,251
Pension Plan Contributions$75,518$5,822-$81,340
Interest$56,539--$56,539
Advertising-$23,470-$23,470
Fees for Services Accounting-$15,526-$15,526
Other Expenses$11,526$111,095-$11,526
Total Functional Expenses$5,226,153$499,426$0$5,725,579
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
James CravensBoard MemberBank Pres of AcctsNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

There are no committees with authority to act on behalf of the board of directors

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

A copy of form 990 was reviewed with the board of directors prior to its filing

Form 990, Page 6, Part VI, Line 15A

The board reviews the salary of the administrtor annually and compares it with other similar positions. The board of directors receives no compensation.

Form 990, Page 6, Part VI, Line 19

All public documents are available upon request from the business office during regular business hours

Filing and Contact Details

Filer

Filer Name
Prairie View Leasing
EIN
42-1467496
Address
610 EASTERN STREET, SANBORN, IA 51248

Signing Officer

Name
Wendy Nelson
Title
Administrator
Phone
7129303229
Signed
2021-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Nelson
Formed
1997
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
166

Preparer

Firm
K F Murphy Co Pc
Address
PO BOX 219, SHELDON, IA 51201-0219
Preparer
Kenneth F Murphy
Phone
7123245005
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04214
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03814
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05769601
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05665142
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05390610
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05224141
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0249116
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01611494
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IRS990ScheduleD/LandGrp/BookValueAmt04701
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04701
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03293412
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07849942
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JAMES CRAVENS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BANK PRES OF ACCTS
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 WAS REVIEWED WITH THE BOARD OF DIRECTORS PRIOR TO ITS FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE SALARY OF THE ADMINISTRTOR ANNUALLY AND COMPARES IT WITH OTHER SIMILAR POSITIONS. THE BOARD OF DIRECTORS RECEIVES NO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL PUBLIC DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE BUSINESS OFFICE DURING REGULAR BUSINESS HOURS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0767203
IRS990/TotalEmployeeCnt0166
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0499426
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05226153
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IRS990/TotalGrossUBIAmt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0515 WEST 2ND ST
IRS990/USAddress/CityNm0SUTHERLAND
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051058
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WENDY NELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07129303229
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRAIRIE VIEW LEASING
ReturnHeader/Filer/BusinessNameControlTxt0PRAI
ReturnHeader/Filer/EIN0421467496
ReturnHeader/Filer/USAddress/AddressLine1Txt0610 EASTERN STREET
ReturnHeader/Filer/USAddress/CityNm0SANBORN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421393615
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0K F MURPHY CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 219
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHELDON

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.36$1.39$5.97$4.67$4.94$0.27
2023Detailed filing. Detailed filing data is available for this year.$7.69$1.45$6.24$4.35$4.91$0.56
2022Detailed filing. Detailed filing data is available for this year.$8.27$1.47$6.80$4.49$4.92$0.43
2021Detailed filing. Detailed filing data is available for this year.$8.59$1.36$7.23$5.52$5.36$0.16
2020Detailed filing. Detailed filing data is available for this year.$8.79$1.72$7.07$6.54$5.73$0.82
2019Detailed filing. Detailed filing data is available for this year.$8.05$1.80$6.25$5.76$5.57$0.18
2018Summary only. Only limited summary data is available for this year.$7.86$1.79$6.06$5.68$5.39$0.28
2017Summary only. Only limited summary data is available for this year.$7.66$1.88$5.78$5.40$5.13$0.27
2016Summary only. Only limited summary data is available for this year.$7.47$1.96$5.51$5.23$5.16$0.08
2015Summary only. Only limited summary data is available for this year.$7.19$1.75$5.44$5.27$5.05$0.22
2014Summary only. Only limited summary data is available for this year.$7.01$1.79$5.22$5.26$4.76$0.50
2013Summary only. Only limited summary data is available for this year.$7.18$2.47$4.72$4.77$4.49$0.28
2012Summary only. Only limited summary data is available for this year.$7.06$2.62$4.44$4.58$4.38$0.20
2011Summary only. Only limited summary data is available for this year.$6.99$2.75$4.24$4.51$4.23$0.28