Civic Intelligence

Luther Crest Inc Co Homz Management

990 • Fiscal year 2020 • EIN 42-1492887

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 27, 2021

2 E Mifflin Street No 801Madison, WI 53719-1048

(608) 663-6390

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

51st percentile

0.15x

Higher debt load relative to revenue than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

11th percentile

-31%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

18th percentile

-3.6%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

50th percentile

0.8%

Faster revenue growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$3,208,300

Down $119,767 (-3.6%) from 2019

Net Assets

Down

$3,149,162

Down $125,264 (-3.8%) from 2019

Liabilities

Up

$59,138

Up $5,497 (+10%) from 2019

Revenue

Up

$403,640

Up $3,034 (+0.8%) from 2019

Expenses

Up

$528,904

Up $31,546 (+6.3%) from 2019

Net Income

Down

-$125,264

Down $28,512 (-29%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,411,688Liabilities 2010: $41,754Net Assets 2010: $4,369,9342010Assets 2011: $4,307,648Liabilities 2011: $44,132Net Assets 2011: $4,263,5162011Assets 2012: $4,205,105Liabilities 2012: $47,371Net Assets 2012: $4,157,7342012Assets 2013: $4,084,023Liabilities 2013: $43,946Net Assets 2013: $4,040,0772013Assets 2014: $3,985,107Liabilities 2014: $57,326Net Assets 2014: $3,927,7812014Assets 2015: $3,854,758Liabilities 2015: $113,895Net Assets 2015: $3,740,8632015Assets 2016: $3,727,644Liabilities 2016: $115,529Net Assets 2016: $3,612,1152016Assets 2017: $3,527,785Liabilities 2017: $52,504Net Assets 2017: $3,475,2812017Assets 2018: $3,426,707Liabilities 2018: $55,529Net Assets 2018: $3,371,1782018Assets 2019: $3,328,067Liabilities 2019: $53,641Net Assets 2019: $3,274,4262019Assets 2020: $3,208,300Liabilities 2020: $59,138Net Assets 2020: $3,149,1622020Assets 2021: $3,063,865Liabilities 2021: $70,631Net Assets 2021: $2,993,2342021Assets 2022: $2,931,887Liabilities 2022: $81,725Net Assets 2022: $2,850,1622022Assets 2023: $2,874,247Liabilities 2023: $166,359Net Assets 2023: $2,707,8882023Assets 2024: $2,682,709Liabilities 2024: $50,676Net Assets 2024: $2,632,0332024

Highlighted filing

2020

Assets$3,208,300
Liabilities$59,138
Net Assets$3,149,162

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $407,9042010Revenue 2011: $304,372Expenses 2011: $410,790Net Income 2011: -$106,4182011Expenses 2012: $412,8422012Revenue 2013: $309,379Expenses 2013: $427,036Net Income 2013: -$117,6572013Revenue 2014: $325,942Expenses 2014: $438,238Net Income 2014: -$112,2962014Revenue 2015: $325,750Expenses 2015: $512,668Net Income 2015: -$186,9182015Revenue 2016: $331,066Expenses 2016: $459,814Net Income 2016: -$128,7482016Revenue 2017: $346,775Expenses 2017: $483,609Net Income 2017: -$136,8342017Revenue 2018: $380,042Expenses 2018: $484,145Net Income 2018: -$104,1032018Revenue 2019: $400,606Expenses 2019: $497,358Net Income 2019: -$96,7522019Revenue 2020: $403,640Expenses 2020: $528,904Net Income 2020: -$125,2642020Revenue 2021: $405,832Expenses 2021: $561,760Net Income 2021: -$155,9282021Revenue 2022: $422,550Expenses 2022: $565,622Net Income 2022: -$143,0722022Revenue 2023: $470,440Expenses 2023: $612,714Net Income 2023: -$142,2742023Revenue 2024: $515,196Expenses 2024: $591,051Net Income 2024: -$75,8552024

Highlighted filing

2020

Revenue$403,640
Expenses$528,904
Net Income-$125,264
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 27, 2021
Return Version
2020v4.1
Gross Receipts
$403,640
Mission and Program Overview

Mission

To provide elderly or disabled 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.

Provide affordable housing for low-income senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,154,746$3,011,656▼ $143,090
Prepaid Expenses and Deferred Charges-$21,372-
Cash and Non-Interest-Bearing Accounts$25,432$12,378▼ $13,054
Accounts Receivable$1,990$296▼ $1,694
Total Assets$3,328,067$3,208,300▼ $119,767
Other Assets Total$145,899$162,598▲ $16,699
Liabilities
Other Liabilities$29,126$37,322▲ $8,196
Accounts Payable and Accrued Expenses$23,911$20,899▼ $3,012
Deferred Revenue$604$917▲ $313
Total Liabilities$53,641$59,138▲ $5,497
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,132,800$5,132,800→ $0
Net Assets Without Donor Restrictions$-1,858,374$-1,983,638▼ $125,264
Total Net Assets Fund Balance$3,274,426$3,149,162▼ $125,264
Total Liabilities and Net Assets / Fund Balance$3,328,067$3,208,300▼ $119,767

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,701,197$2,493,484$5,194,681
Land$290,000-$290,000
Equipment$20,459$78,721$99,180
Other Assets Org$114,258--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joyce MarinaccioPresident
Kim WilkimsVice President
Craig SchledewitzDirector
Gene ZagerDirector
Jane RockDirector
Jerrilea Jay EldredgeDirector
Ken WellnitzDirector
Kevin KrebsDirector
Nancy BeaderstadtDirector
Ron PetersonDirector
Shari SchledewitzDirector
Tom SchovilleDirector
Ellen HogbinSecretary
John NewmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$403,595
Investment Income
$45
Other Revenue
$0
Change in Net Assets
$-125,264

Audited Revenue Reconciliation

Revenue per Audited Statements
$403,640
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$403,640
Total Revenue per Form 990
$403,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$394,289
Salaries, Compensation, and Employee Benefits$134,615
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$145,716--$145,716
Other Salaries and Wages$114,241--$114,241
Occupancy$109,388--$109,388
Fees for Services Management-$44,908-$44,908
Fees for Services Accounting-$26,867-$26,867
Insurance$16,197--$16,197
Other Employee Benefits$15,020--$15,020
Office Expenses$6,756--$6,756
Payroll Taxes$5,354--$5,354
Advertising$2,293--$2,293
Other Expenses$3,217$2,012-$2,012
Conferences and Meetings$924--$924
All Other Expenses$601--$601
Total Functional Expenses$455,117$73,787$0$528,904

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$528,904
Total Expenses per Audited Statements$528,904
Total Expenses per Form 990$528,904
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Tenant Deposits Held in Trust$28,943
Recapture of Residual Receipts$8,379
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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, Part VI, Section A, Line 2

Shari schledewitz, director, and craig schledewitz, director, are married.

Form 990, Part VI, Section A, Line 3

The organization delegated control over management duties to cardinal capital management. The management company specializes in providing marketing, rental, collections, maintenance and repair, as well as other services for housing projects.

Form 990, Part VI, Section A, Line 6

A member of the corporation is any qualified congregation that elects to participate in conducting the affairs of the corporation by selecting at least one (1) voting delegate to represent such qualified congregation in conducting the corporation's affairs. Subject to the conditions of these by-laws, a qualified congregation may select its voting delegate(s) to represent the qualified congregation in any manner as that qualified congregation deems appropriate. A qualified congregation shall not be a member of the corporation unless it selects one or more voting delegates to represent the congregation in conducting the corporation's affairs, and notifies the corporation's board of such selection as provided herein. A qualified corporation is eligible to be a member of the corporation, but is not necessarily a member of the corporation. A statement of the names and addresses of the qualified congregations, as taken from the records of the southeast iowa synod of the elca as of the date of adoption of these by-laws. The statement separately identities qualified congregations that are not members of the corporation at the time these by-laws are adopted.

Form 990, Part VI, Section A, Line 7A

The board of directors of each corporation shall consist of not more than fifteen (15) directors. The voting delegates may determine and change the number of director positions that are available to be filled from time to time. Each voting delegate shall be entitled to nominate for election, one or more persons to serve as board member(s) by submitting the name(s) and address(es) of the nominee(s) that the voting delegate desires to serve on the board. A member congregation (qualified congregation with at least one current voting delegate) may have more than one board member, and can nominate more than one person to serve on the board. Until changed by the voting delegates, the projects board shall have fifteen (15) positions. If one or more vacancies occur, the projects board shall consist of the number of established board positions less the number of vacancies until the vacancies are filled as provided herein.

Form 990, Part VI, Section B, Line 11B

The form 990, with all applicable schedules, is reviewed by the board of directors before it is filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Each year, all members of the board review the conflict of interest policy and procurement policy, which expands on the conflict of interest procedures.

Form 990, Part VI, Section C, Line 19

Luther crest, inc. Makes its governing documents, conflict of interest policy 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
Luther Crest Inc
EIN
42-1492887
Phone
6086636390
Address
2 E MIFFLIN STREET NO 801, MADISON, WI 53719-1048

Signing Officer

Name
Joyce Marinaccio
Title
President
Phone
6086636390
Signed
2021-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joyce Marinaccio
Formed
1999
Legal Domicile
Ia
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
10

Preparer

Firm
Baker Tilly US Llp
Address
777 E WISCONSIN AVENUE 32ND FLOOR, MILWAUKEE, WI 53202
Preparer
Troy Marine CPA
Phone
4147775500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

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 recognized in the financial statements. Management is unaware of any uncertain income tax positions at december 31, 2020 and 2019. 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 2020 and 2019.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0403640
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt016197
IRS990/InsuranceGrp/TotalAmt016197
IRS990/InvestmentIncomeGrp/ExclusionAmt045
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt045
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02572205
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03154746
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03011656
IRS990/LandBldgEquipCostOrOtherBssAmt05583861
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE ELDERLY OR DISABLED 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03274426
IRS990/NetAssetsOrFundBalancesEOYAmt03149162
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1858374
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1983638
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0109388
IRS990/OccupancyGrp/TotalAmt0109388
IRS990/OfficeExpensesGrp/ProgramServicesAmt06756
IRS990/OfficeExpensesGrp/TotalAmt06756
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0145899
IRS990/OtherAssetsTotalGrp/EOYAmt0162598
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015020
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015020
IRS990/OtherExpensesGrp/Desc0ELDERLY SERVICES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02012
IRS990/OtherExpensesGrp/ProgramServicesAmt030897
IRS990/OtherExpensesGrp/ProgramServicesAmt14513
IRS990/OtherExpensesGrp/ProgramServicesAmt23217
IRS990/OtherExpensesGrp/TotalAmt030897
IRS990/OtherExpensesGrp/TotalAmt14513
IRS990/OtherExpensesGrp/TotalAmt23217
IRS990/OtherExpensesGrp/TotalAmt32012
IRS990/OtherLiabilitiesGrp/BOYAmt029126
IRS990/OtherLiabilitiesGrp/EOYAmt037322
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0114241
IRS990/OtherSalariesAndWagesGrp/TotalAmt0114241
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt05354
IRS990/PayrollTaxesGrp/TotalAmt05354
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021372
IRS990/PrincipalOfficerNm0JOYCE MARINACCIO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTS & TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc1TENANT ASSISTANCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0314524
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt189071
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0314524
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt189071
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE SERVICE TO ENHANCE THE QUALITY OF LIVING OF THE RESIDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt030897
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0226
IRS990/PYOtherExpensesAmt0379807
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0400380
IRS990/PYRevenuesLessExpensesAmt0-96752
IRS990/PYSalariesCompEmpBnftPaidAmt0117551
IRS990/PYTotalExpensesAmt0497358
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0400606
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-125264
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0403595
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0226
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt081
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt088
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt090
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0530
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0403595
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0400380
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0379961
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0346687
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0330976
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01861599
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0226
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt081
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0530
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt01861599
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0403595
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0400380
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0379961
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0346687
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0330976
IRS990ScheduleA/Total509Grp/TotalAmt01861599
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0403640
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0400606
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0380042
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0346775
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0331066
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01862129
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02701197
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02493484
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05194681
IRS990ScheduleD/EquipmentGrp/BookValueAmt020459
IRS990ScheduleD/EquipmentGrp/DepreciationAmt078721
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt099180
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0528904
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0290000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0290000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt029081
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt119259
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2114258
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028943
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18379
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RECAPTURE OF RESIDUAL RECEIPTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0403640
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 RECOGNIZED IN THE FINANCIAL STATEMENTS. MANAGEMENT IS UNAWARE OF ANY UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2020 AND 2019. 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 2020 AND 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03011656
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0162598
IRS990ScheduleD/TotalExpensesPerForm990Amt0528904
IRS990ScheduleD/TotalLiabilityAmt037322
IRS990ScheduleD/TotalRevenuePerForm990Amt0403640
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0403640
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0528904
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHARI SCHLEDEWITZ, DIRECTOR, AND CRAIG SCHLEDEWITZ, DIRECTOR, ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO CARDINAL CAPITAL MANAGEMENT. THE MANAGEMENT COMPANY SPECIALIZES IN PROVIDING MARKETING, RENTAL, COLLECTIONS, MAINTENANCE AND REPAIR, AS WELL AS OTHER SERVICES FOR HOUSING PROJECTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A MEMBER OF THE CORPORATION IS ANY QUALIFIED CONGREGATION THAT ELECTS TO PARTICIPATE IN CONDUCTING THE AFFAIRS OF THE CORPORATION BY SELECTING AT LEAST ONE (1) VOTING DELEGATE TO REPRESENT SUCH QUALIFIED CONGREGATION IN CONDUCTING THE CORPORATION'S AFFAIRS. SUBJECT TO THE CONDITIONS OF THESE BY-LAWS, A QUALIFIED CONGREGATION MAY SELECT ITS VOTING DELEGATE(S) TO REPRESENT THE QUALIFIED CONGREGATION IN ANY MANNER AS THAT QUALIFIED CONGREGATION DEEMS APPROPRIATE. A QUALIFIED CONGREGATION SHALL NOT BE A MEMBER OF THE CORPORATION UNLESS IT SELECTS ONE OR MORE VOTING DELEGATES TO REPRESENT THE CONGREGATION IN CONDUCTING THE CORPORATION'S AFFAIRS, AND NOTIFIES THE CORPORATION'S BOARD OF SUCH SELECTION AS PROVIDED HEREIN. A QUALIFIED CORPORATION IS ELIGIBLE TO BE A MEMBER OF THE CORPORATION, BUT IS NOT NECESSARILY A MEMBER OF THE CORPORATION. A STATEMENT OF THE NAMES AND ADDRESSES OF THE QUALIFIED CONGREGATIONS, AS TAKEN FROM THE RECORDS OF THE SOUTHEAST IOWA SYNOD OF THE ELCA AS OF THE DATE OF ADOPTION OF THESE BY-LAWS. THE STATEMENT SEPARATELY IDENTITIES QUALIFIED CONGREGATIONS THAT ARE NOT MEMBERS OF THE CORPORATION AT THE TIME THESE BY-LAWS ARE ADOPTED.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$0.05$2.63$0.52$0.59$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.87$0.17$2.71$0.47$0.61$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.93$0.08$2.85$0.42$0.57$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.06$0.07$2.99$0.41$0.56$0.16
2020Detailed filing. Detailed filing data is available for this year.$3.21$0.06$3.15$0.40$0.53$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.05$3.27$0.40$0.50$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.06$3.37$0.38$0.48$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$0.05$3.48$0.35$0.48$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.73$0.12$3.61$0.33$0.46$0.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$0.11$3.74$0.33$0.51$0.19
2014Detailed filing. Detailed filing data is available for this year.$3.99$0.06$3.93$0.33$0.44$0.11
2013Detailed filing. Detailed filing data is available for this year.$4.08$0.04$4.04$0.31$0.43$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.21$0.05$4.16$0.41
2011Summary only. Only limited summary data is available for this year.$4.31$0.04$4.26$0.30$0.41$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$0.04$4.37$0.41