Civic Intelligence

Grandview Apartments

EIN 42-6089511 • 501(c)3 • Gowrie, IA

Profile

To provide affordable housing

PO Box 75Gowrie, IA 50543
Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

58th percentile

5.9%

Higher net margin than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

4.7%

Faster revenue growth than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$142,795

Up $15,865 (+12%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$142,795

Up $15,865 (+12%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin58th percentile

Revenue

Up

$270,626

Up $12,147 (+4.7%) from 2023

Expenses

Down

$254,761

Down $18,681 (-6.8%) from 2023

Net Income

Up

$15,865

Up $30,828 (+206%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

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

$150K$100K$50K$0Assets 2022: $143,181Liabilities 2022: $02022Assets 2023: $126,930Liabilities 2023: $0Net Assets 2023: $126,9302023Assets 2024: $142,795Liabilities 2024: $0Net Assets 2024: $142,7952024

Highlighted filing

2024

Assets$142,795
Liabilities$0
Net Assets$142,795
Open 2024 Filing

Operations Trend

Revenue Growth59th percentile

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

$300K$200K$100K$0-$100KRevenue 2022: $189,607Expenses 2022: $206,086Net Income 2022: -$16,4792022Revenue 2023: $258,479Expenses 2023: $273,442Net Income 2023: -$14,9632023Revenue 2024: $270,626Expenses 2024: $254,761Net Income 2024: $15,8652024

Highlighted filing

2024

Revenue$270,626
Expenses$254,761
Net Income$15,865
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$142,795
Liabilities
$0
Net assets
$142,795
Revenue
$270,626
Expenses
$254,761
Net income
$15,865
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.00$1.43$2.71$2.55$0.16
2023Summary only. Only limited summary data is available for this year.$1.27$0.00$1.27$2.58$2.73$0.15
2022Summary only. Only limited summary data is available for this year.$1.43$0.00$1.90$2.06$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jan 27, 2025
Return Version
2024v5.0
Gross Receipts
$270,626
Mission and Program Overview

Mission

To provide affordable housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$82,580$99,522▲ $16,942
Land, Buildings, and Equipment, Net$44,350$43,273▼ $1,077
Total Assets$126,930$142,795▲ $15,865
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$126,930$142,795▲ $15,865
Total Net Assets Fund Balance$126,930$142,795▲ $15,865
Total Liabilities and Net Assets / Fund Balance$126,930$142,795▲ $15,865

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$43,273$35,851$79,124
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Dick SwansonPresident
Terry TowneTreasurer
Rob StappVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$40,000
Program Service Revenue
$230,626
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$15,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$254,761
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$40,085--$40,085
Fees for Services Other$10,853--$10,853
Other Expenses$9,100--$9,100
All Other Expenses$3,734$509-$4,243
Depreciation Depletion$3,769--$3,769
Total Functional Expenses$254,252$509$0$254,761
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Grandview Apartments
EIN
42-6089511
Phone
5153523292
Address
PO BOX 75, GOWRIE, IA 50543

Signing Officer

Name
Terry Towne
Title
Treasurer
Phone
5155472636
Signed
2025-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dick Swanson
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
0
Employees
0

Preparer

Firm
Hometown Tax and Recordkeeping
Address
1103 MARKET ST PO BOX 75, GOWRIE, IA 50543
Preparer
Terry Towne
Phone
5153523292
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“To provide affordable housing”

Raw XML Appendix262 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.

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IRS990/GovernmentGrantsAmt040000
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IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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