Civic Intelligence

The Apartments of River Trace Inc

EIN 42-1514593 • 501(c)3 • Des Moines, IA

Profile

To provide rental apartments to low income senior citizens in accordance with u.s. Department of housing and urban development (hud) applicable program requirements.

1717 Sixth AvenueDes Moines, IA 50314

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.70x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

8.43x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

11th percentile

-29%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

21st percentile

-6.3%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

5.8%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$1,419,728

Down $94,991 (-6.3%) from 2023

Liabilities

Down

$2,406,485

Down $12,601 (-0.5%) from 2023

Net Assets

Down

-$986,757

Down $82,390 (-9.1%) from 2023

Operations
Liabilities / Revenue98th percentileNet Margin11th percentile

Revenue

Up

$285,443

Up $15,712 (+5.8%) from 2023

Expenses

Up

$367,833

Up $35,390 (+11%) from 2023

Net Income

Down

-$82,390

Down $19,678 (-31%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,218,787Liabilities 2011: $2,395,434Net Assets 2011: -$176,6472011Assets 2012: $2,150,032Liabilities 2012: $2,396,789Net Assets 2012: -$246,7572012Assets 2013: $2,080,870Liabilities 2013: $2,396,676Net Assets 2013: -$315,8062013Assets 2014: $1,992,506Liabilities 2014: $2,400,502Net Assets 2014: -$407,9962014Assets 2015: $1,912,470Liabilities 2015: $2,410,628Net Assets 2015: -$498,1582015Assets 2016: $1,849,068Liabilities 2016: $2,403,072Net Assets 2016: -$554,0042016Assets 2017: $1,824,734Liabilities 2017: $2,405,765Net Assets 2017: -$581,0312017Assets 2018: $1,795,813Liabilities 2018: $2,424,000Net Assets 2018: -$628,1872018Assets 2019: $1,721,501Liabilities 2019: $2,420,419Net Assets 2019: -$698,9182019Assets 2020: $1,665,555Liabilities 2020: $2,417,999Net Assets 2020: -$752,4442020Assets 2021: $1,626,713Liabilities 2021: $2,423,158Net Assets 2021: -$796,4452021Assets 2022: $1,564,742Liabilities 2022: $2,406,397Net Assets 2022: -$841,6552022Assets 2023: $1,514,719Liabilities 2023: $2,419,086Net Assets 2023: -$904,3672023Assets 2024: $1,419,728Liabilities 2024: $2,406,485Net Assets 2024: -$986,7572024

Highlighted filing

2024

Assets$1,419,728
Liabilities$2,406,485
Net Assets-$986,757
Open 2024 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2011: $152,404Expenses 2011: $221,360Net Income 2011: -$68,9562011Revenue 2012: $159,941Expenses 2012: $230,051Net Income 2012: -$70,1102012Revenue 2013: $160,617Expenses 2013: $229,666Net Income 2013: -$69,0492013Revenue 2014: $173,180Expenses 2014: $265,370Net Income 2014: -$92,1902014Revenue 2015: $188,363Expenses 2015: $278,525Net Income 2015: -$90,1622015Revenue 2016: $210,986Expenses 2016: $266,832Net Income 2016: -$55,8462016Revenue 2017: $264,159Expenses 2017: $291,186Net Income 2017: -$27,0272017Revenue 2018: $236,154Expenses 2018: $283,310Net Income 2018: -$47,1562018Revenue 2019: $234,686Expenses 2019: $305,417Net Income 2019: -$70,7312019Revenue 2020: $258,314Expenses 2020: $311,840Net Income 2020: -$53,5262020Revenue 2021: $290,396Expenses 2021: $334,397Net Income 2021: -$44,0012021Revenue 2022: $265,393Expenses 2022: $310,603Net Income 2022: -$45,2102022Revenue 2023: $269,731Expenses 2023: $332,443Net Income 2023: -$62,7122023Revenue 2024: $285,443Expenses 2024: $367,833Net Income 2024: -$82,3902024

Highlighted filing

2024

Revenue$285,443
Expenses$367,833
Net Income-$82,390
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,419,728
Liabilities
$2,406,485
Net assets
-$986,757
Revenue
$285,443
Expenses
$367,833
Net income
-$82,390
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.42$2.41$0.99$0.29$0.37$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.51$2.42$0.90$0.27$0.33$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.56$2.41$0.84$0.27$0.31$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.63$2.42$0.80$0.29$0.33$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.67$2.42$0.75$0.26$0.31$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.72$2.42$0.70$0.23$0.31$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.80$2.42$0.63$0.24$0.28$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.82$2.41$0.58$0.26$0.29$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.85$2.40$0.55$0.21$0.27$0.06
2015Summary only. Only limited summary data is available for this year.$1.91$2.41$0.50$0.19$0.28$0.09
2014Summary only. Only limited summary data is available for this year.$1.99$2.40$0.41$0.17$0.27$0.09
2013Summary only. Only limited summary data is available for this year.$2.08$2.40$0.32$0.16$0.23$0.07
2012Summary only. Only limited summary data is available for this year.$2.15$2.40$0.25$0.16$0.23$0.07
2011Summary only. Only limited summary data is available for this year.$2.22$2.40$0.18$0.15$0.22$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 22, 2025
Return Version
2024v5.1
Gross Receipts
$285,443
Mission and Program Overview

Mission

To provide rental apartments to low income senior citizens in accordance with u.s. Department of housing and urban development (hud) applicable program requirements.

The corporation has one apartment building in which it leases individual apartments to persons who are considered to be low-income and elderly per u.s. Department of housing and urban development (hud) program requirements.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,351,706$1,273,606▼ $78,100
Savings and Temporary Cash Investments$137,603$126,441▼ $11,162
Prepaid Expenses and Deferred Charges$13,010$12,592▼ $418
Cash and Non-Interest-Bearing Accounts$12,356$7,591▼ $4,765
Accounts Receivable$44$-502▼ $546
Total Assets$1,514,719$1,419,728▼ $94,991
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,387,200$2,387,200→ $0
Other Liabilities$10,522$11,621▲ $1,099
Accounts Payable and Accrued Expenses$21,364$7,664▼ $13,700
Total Liabilities$2,419,086$2,406,485▼ $12,601
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-904,367$-986,757▼ $82,390
Total Net Assets Fund Balance$-904,367$-986,757▼ $82,390
Total Liabilities and Net Assets / Fund Balance$1,514,719$1,419,728▼ $94,991

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,136,475$1,401,371$2,537,846
Equipment$26,812$212,019$238,831
Land$110,319-$110,319
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Terry VorbrichPresident
Mary NeiderbachVice President
Breann ByeMember
Carol BowerMember
H Ronald WalkerMember
Mickey CarlsonMember
Shawn HucklebyMember
Michael TramontinaSecretary
Vince LintzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$129,774
Program Service Revenue
$151,021
Investment Income
$191
Other Revenue
$4,457
Change in Net Assets
$-82,390

Audited Revenue Reconciliation

Revenue per Audited Statements
$285,443
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$285,443
Total Revenue per Form 990
$285,443
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$267,677
Salaries, Compensation, and Employee Benefits$100,156
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,876$69,600-$80,476
Depreciation Depletion$78,100--$78,100
Occupancy$55,872--$55,872
Fees for Services Management-$22,006-$22,006
All Other Expenses$16,009$3,061-$19,070
Other Employee Benefits$2,690$9,144-$11,834
Insurance$11,272--$11,272
Other Expenses$8,082--$8,082
Payroll Taxes$1,783$6,063-$7,846
Office Expenses-$5,871-$5,871
Fees for Services Accounting-$5,100-$5,100
Advertising-$38-$38
Total Functional Expenses$246,950$120,883$0$367,833

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$367,833
Total Expenses per Audited Statements$367,833
Total Expenses per Form 990$367,833
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 Security Deposits$11,621
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“All members of the board are provided a copy of the form 990 before it is filed.”

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

“Each director shall annually sign a statement indicating an understanding of the confidential nature of information.”

Form 990, Part VI, Section C, Line 19

“The apartments of river trace, inc. Provides housing for low income and elderly persons in connection with applicable united states department of housing & urban development (hud) programs, and therefore follows hud reporting guidelines and is subject to hud regulation. Upon request, the apartments of river trace will make available to the public related documents in accordance with irs regulations.”

Filing and Contact Details

Filer

Filer Name
The Apartments of River Trace Inc
EIN
42-1514593
Phone
5152884398
Address
1717 SIXTH AVENUE, DES MOINES, IA 50314

Signing Officer

Name
Terrance Vorbrich
Title
President
Phone
5152884398
Signed
2025-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terrance N Vorbrich
Formed
2000
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Denman CPA Llp
Address
1601 22ND STREET SUITE 400, WEST DES MOINES, IA 50266-1453
Preparer
Steve Bruner
Phone
5152258400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No changes from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The project is not subject to income taxes as a result of its tax exempt status. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the project and recognize a tax liability (or asset) for an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has evaluated their material tax positions and determined there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The project is subject to routine audits by tax authorities; however, there are currently no audits for any tax periods in progress. The project is no longer subject to u.s. Federal or state tax examinations by tax authorities for the years before 2021.”

Raw XML AppendixShowing 400 of 445 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CORPORATION HAS ONE APARTMENT BUILDING IN WHICH IT LEASES INDIVIDUAL APARTMENTS TO PERSONS WHO ARE CONSIDERED TO BE LOW-INCOME AND ELDERLY PER U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROGRAM REQUIREMENTS.
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IRS990/Form990PartVIISectionAGrp/PersonNm0TERRY VORBRICH
IRS990/Form990PartVIISectionAGrp/PersonNm1MARY NEIDERBACH
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL TRAMONTINA
IRS990/Form990PartVIISectionAGrp/PersonNm3VINCE LINTZ
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt055872
IRS990/OccupancyGrp/TotalAmt055872
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05871
IRS990/OfficeExpensesGrp/TotalAmt05871
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09144
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02690
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011834
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1CONTRACTS
IRS990/OtherExpensesGrp/Desc2SNOW REMOVAL
IRS990/OtherExpensesGrp/Desc3GARBAGE AND TRASH REMOV
IRS990/OtherExpensesGrp/ProgramServicesAmt035520
IRS990/OtherExpensesGrp/ProgramServicesAmt118392
IRS990/OtherExpensesGrp/ProgramServicesAmt28354
IRS990/OtherExpensesGrp/ProgramServicesAmt38082
IRS990/OtherExpensesGrp/TotalAmt035520
IRS990/OtherExpensesGrp/TotalAmt118392
IRS990/OtherExpensesGrp/TotalAmt28354
IRS990/OtherExpensesGrp/TotalAmt38082
IRS990/OtherLiabilitiesGrp/BOYAmt010522
IRS990/OtherLiabilitiesGrp/EOYAmt011621
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY MACHINES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04457
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04457
IRS990/OtherRevenueTotalAmt04457
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt069600
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010876
IRS990/OtherSalariesAndWagesGrp/TotalAmt080476
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06063
IRS990/PayrollTaxesGrp/ProgramServicesAmt01783
IRS990/PayrollTaxesGrp/TotalAmt07846
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013010
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012592
IRS990/PrincipalOfficerNm0TERRANCE N VORBRICH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0151021
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0151021
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0117615
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0165
IRS990/PYOtherExpensesAmt0252991
IRS990/PYOtherRevenueAmt02992
IRS990/PYProgramServiceRevenueAmt0148959
IRS990/PYRevenuesLessExpensesAmt0-62712
IRS990/PYSalariesCompEmpBnftPaidAmt079452
IRS990/PYTotalExpensesAmt0332443
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0269731
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-82390
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0151021
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0137603
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0126441
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0129774
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0117615
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0128608
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0158644
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0115774
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0650415
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0191
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0165
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0101
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0141
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0694
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0151021
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0148959
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0134054
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0128480
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0136580
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0699094
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0191
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0165
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0101
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0141
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0694
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04457
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02992
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02630
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03176
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04328
IRS990ScheduleA/OtherIncome509Grp/TotalAmt017583
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98660
IRS990ScheduleA/PublicSupportPY509Pct00.98710
IRS990ScheduleA/PublicSupportTotal509Amt01349509
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0280795
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0266574
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0262662
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0287124
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0252354
IRS990ScheduleA/Total509Grp/TotalAmt01349509
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0285443
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0269731
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0265393
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0290396
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0256823
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01367786
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01136475
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01401371
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02537846
IRS990ScheduleD/EquipmentGrp/BookValueAmt026812
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0212019
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0238831
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0367833
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0110319
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0110319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011621
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0285443
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS NOT SUBJECT TO INCOME TAXES AS A RESULT OF ITS TAX EXEMPT STATUS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PROJECT AND RECOGNIZE A TAX LIABILITY (OR ASSET) FOR AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PROJECT IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01273606
IRS990ScheduleD/TotalExpensesPerForm990Amt0367833
IRS990ScheduleD/TotalLiabilityAmt011621
IRS990ScheduleD/TotalRevenuePerForm990Amt0285443
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0285443
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0367833
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MEMBERS OF THE BOARD ARE PROVIDED A COPY OF THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR SHALL ANNUALLY SIGN A STATEMENT INDICATING AN UNDERSTANDING OF THE CONFIDENTIAL NATURE OF INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE APARTMENTS OF RIVER TRACE, INC. PROVIDES HOUSING FOR LOW INCOME AND ELDERLY PERSONS IN CONNECTION WITH APPLICABLE UNITED STATES DEPARTMENT OF HOUSING & URBAN DEVELOPMENT (HUD) PROGRAMS, AND THEREFORE FOLLOWS HUD REPORTING GUIDELINES AND IS SUBJECT TO HUD REGULATION. UPON REQUEST, THE APARTMENTS OF RIVER TRACE WILL MAKE AVAILABLE TO THE PUBLIC RELATED DOCUMENTS IN ACCORDANCE WITH IRS REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGES FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01514719
IRS990/TotalAssetsEOYAmt01419728
IRS990/TotalAssetsGrp/BOYAmt01514719
IRS990/TotalAssetsGrp/EOYAmt01419728
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0129774
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0120883
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0246950
IRS990/TotalFunctionalExpensesGrp/TotalAmt0367833
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02419086
IRS990/TotalLiabilitiesEOYAmt02406485
IRS990/TotalLiabilitiesGrp/BOYAmt02419086
IRS990/TotalLiabilitiesGrp/EOYAmt02406485
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-904367
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-986757
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0246950
IRS990/TotalProgramServiceRevenueAmt0151021
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0191
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0155478
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0285443

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