Civic Intelligence

Velva Rental Housing Inc

EIN 45-0333793 • 501(c)4 • Velva, ND

Profile

To promote the general social welfare of the community and for that purpose to acquire, construct, provide, and operate rental housing and related facilities suited to the special needs and living requirements of elderly rural residents of low or moderate income or other rural residents of low income.

PO Box 27Velva, ND 58790

n/A

Siviq Scores

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

Liabilities / Assets

95th percentile

0.94x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

2.85x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Net Margin

23rd percentile

-7.8%

Higher net margin than 23% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

501(c)4 • $500k-$1M nonprofits • Source year 2024

Asset Growth

22nd percentile

-6.1%

Faster asset growth than 22% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

15%

Faster revenue growth than 65% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$584,312

Down $38,093 (-6.1%) from 2023

Liabilities

Down

$548,708

Down $24,950 (-4.3%) from 2023

Net Assets

Down

$35,604

Down $13,143 (-27%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin23rd percentile

Revenue

Up

$192,432

Up $24,404 (+15%) from 2023

Expenses

Down

$207,523

Down $8,547 (-4.0%) from 2023

Net Income

Up

-$15,091

Up $32,951 (+69%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth22nd percentile

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

$1.5M$1.0M$500K$0Assets 2010: $580,733Liabilities 2010: $332,741Net Assets 2010: $247,9922010Assets 2011: $575,177Liabilities 2011: $317,487Net Assets 2011: $257,6902011Assets 2012: $1,189,938Liabilities 2012: $900,895Net Assets 2012: $289,0432012Assets 2013: $1,186,015Liabilities 2013: $863,180Net Assets 2013: $322,8352013Assets 2014: $1,165,535Liabilities 2014: $820,061Net Assets 2014: $345,4742014Assets 2015: $1,101,895Liabilities 2015: $771,161Net Assets 2015: $330,7342015Assets 2016: $1,045,296Liabilities 2016: $723,562Net Assets 2016: $321,7342016Assets 2017: $977,000Liabilities 2017: $672,459Net Assets 2017: $304,5412017Assets 2018: $884,295Liabilities 2018: $622,975Net Assets 2018: $261,3202018Assets 2019: $819,314Liabilities 2019: $595,160Net Assets 2019: $224,1542019Assets 2020: $788,977Liabilities 2020: $569,053Net Assets 2020: $219,9242020Assets 2021: $718,179Liabilities 2021: $546,309Net Assets 2021: $171,8702021Assets 2022: $669,995Liabilities 2022: $571,358Net Assets 2022: $98,6372022Assets 2023: $622,405Liabilities 2023: $573,658Net Assets 2023: $48,7472023Assets 2024: $584,312Liabilities 2024: $548,708Net Assets 2024: $35,6042024

Highlighted filing

2024

Assets$584,312
Liabilities$548,708
Net Assets$35,604
Open 2024 Filing

Operations Trend

Revenue Growth65th percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $131,9522010Expenses 2011: $134,8972011Expenses 2012: $139,5922012Revenue 2013: $206,189Expenses 2013: $172,397Net Income 2013: $33,7922013Revenue 2014: $216,464Expenses 2014: $193,825Net Income 2014: $22,6392014Revenue 2015: $208,029Expenses 2015: $222,769Net Income 2015: -$14,7402015Revenue 2016: $197,340Expenses 2016: $206,340Net Income 2016: -$9,0002016Revenue 2017: $193,886Expenses 2017: $211,079Net Income 2017: -$17,1932017Revenue 2018: $178,485Expenses 2018: $221,706Net Income 2018: -$43,2212018Revenue 2019: $164,937Expenses 2019: $202,103Net Income 2019: -$37,1662019Revenue 2020: $193,980Expenses 2020: $198,210Net Income 2020: -$4,2302020Revenue 2021: $157,445Expenses 2021: $205,499Net Income 2021: -$48,0542021Revenue 2022: $156,759Expenses 2022: $208,144Net Income 2022: -$51,3852022Revenue 2023: $168,028Expenses 2023: $216,070Net Income 2023: -$48,0422023Revenue 2024: $192,432Expenses 2024: $207,523Net Income 2024: -$15,0912024

Highlighted filing

2024

Revenue$192,432
Expenses$207,523
Net Income-$15,091
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$584,312
Liabilities
$548,708
Net assets
$35,604
Revenue
$192,432
Expenses
$207,523
Net income
-$15,091
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.58$0.55$0.04$0.19$0.21$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.62$0.57$0.05$0.17$0.22$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.67$0.57$0.10$0.16$0.21$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.72$0.55$0.17$0.16$0.21$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.79$0.57$0.22$0.19$0.20$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.82$0.60$0.22$0.16$0.20$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.62$0.26$0.18$0.22$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.98$0.67$0.30$0.19$0.21$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.05$0.72$0.32$0.20$0.21$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.10$0.77$0.33$0.21$0.22$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.17$0.82$0.35$0.22$0.19$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.19$0.86$0.32$0.21$0.17$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.90$0.29$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.32$0.26$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.33$0.25$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 7, 2025
Return Version
2024v5.0
Gross Receipts
$192,432
Mission and Program Overview

Mission

To promote the general social welfare of the community and for that purpose to acquire, construct, provide, and operate rental housing and related facilities suited to the special needs and living requirements of elderly rural residents of low or moderate income or other rural residents of low income.

To promote the general social welfare of the community, and for that purpose acquire, construct, provide, and operate rental housing and related facilities suited to the special needs and living requirements of elderly rural residents of low or moderate income or other rural residents of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$582,369$536,437▼ $45,932
Cash and Non-Interest-Bearing Accounts$36,586$40,984▲ $4,398
Other Notes and Loans Receivable, Net-$4,105-
Accounts Receivable$1,725$2,786▲ $1,061
Prepaid Expenses and Deferred Charges$1,725--
Total Assets$622,405$584,312▼ $38,093
Liabilities
Mortgage Notes Payable Secured by Investment Property$508,667$490,120▼ $18,547
Accounts Payable and Accrued Expenses$41,673$27,961▼ $13,712
Other Liabilities$21,290$27,932▲ $6,642
Deferred Revenue$2,028$2,695▲ $667
Total Liabilities$573,658$548,708▼ $24,950
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$48,747$35,604▼ $13,143
Total Net Assets Fund Balance$48,747$35,604▼ $13,143
Total Liabilities and Net Assets / Fund Balance$622,405$584,312▼ $38,093

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$404,669$1,023,809$1,428,478
Land$77,249-$77,249
Leasehold Improvements$54,519-$54,519
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Linda BeallPresident
Julie AndersonBoard Member
Pamela JemtrudBoard Member
Lance SelzlerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$40,216
Program Service Revenue
$150,944
Investment Income
$1,272
Other Revenue
$0
Change in Net Assets
$-15,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$207,523
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
Depreciation Depletion$46,233--$46,233
Fees for Services Management$8,407$23,421-$31,828
Occupancy$27,127$450-$27,577
Interest-$21,486-$21,486
Insurance$10,973--$10,973
Information Technology-$1,602-$1,602
Fees for Services Other-$1,324-$1,324
Office Expenses-$692-$692
Other Expenses$455--$455
Advertising-$146-$146
Fees for Services Legal-$90-$90
Travel-$34-$34
Total Functional Expenses$158,278$49,245$0$207,523
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$15,653
Due to Owner/ahdi$6,944
Intercompany Payable$4,105
Accrued Interest$1,096
Interest on Tenant Security Deposits$134
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
Yes
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

“The form is reviewed by board members prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Rural development monitors their identity of interests reports”

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

“Employees' compensation is determined by the board of directors taking into consideration standards set by the office of rural development.”

Form 990, Page 6, Part VI, Line 19

“All documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Velva Rental Housing Inc
EIN
45-0333793
Phone
7013898353
Address
PO BOX 27, VELVA, ND 58790

Signing Officer

Name
Linda Beall
Title
President
Phone
7014834432
Signed
2025-10-07

Organization Details

Principal Officer
Linda Beall
Formed
1976
Legal Domicile
Nd
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Point CPA Inc
Address
PO BOX 1411, BISMARCK, ND 58502-0431
Preparer
Maxine Bondeson CPA
Phone
7017513646
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To promote the general social welfare of the community, and for that purpose acquire, construct, provide, and operate rental housing and related facilities suited to the special needs and living requirements of elderly rural residents of low or moderate income or other rural residents of low income.”

Raw XML Appendix329 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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IRS990ScheduleD/BuildingsGrp/BookValueAmt0404669
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01023809
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01428478
IRS990ScheduleD/LandGrp/BookValueAmt077249
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt077249
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt054519
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt054519
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015653
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16944
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24105
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31096
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4134
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO OWNER/AHDI
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INTERCOMPANY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4INTEREST ON TENANT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0536437
IRS990ScheduleD/TotalLiabilityAmt027932
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE THE GENERAL SOCIAL WELFARE OF THE COMMUNITY, AND FOR THAT PURPOSE ACQUIRE, CONSTRUCT, PROVIDE, AND OPERATE RENTAL HOUSING AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELDERLY RURAL RESIDENTS OF LOW OR MODERATE INCOME OR OTHER RURAL RESIDENTS OF LOW INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM IS REVIEWED BY BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RURAL DEVELOPMENT MONITORS THEIR IDENTITY OF INTERESTS REPORTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EMPLOYEES' COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS TAKING INTO CONSIDERATION STANDARDS SET BY THE OFFICE OF RURAL DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SpecialConditionDesc0EXTENSION GRANTED TO NOVEMBER 17 2025
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0622405
IRS990/TotalAssetsEOYAmt0584312
IRS990/TotalAssetsGrp/BOYAmt0622405
IRS990/TotalAssetsGrp/EOYAmt0584312
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt040216
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049245
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0158278
IRS990/TotalFunctionalExpensesGrp/TotalAmt0207523
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0573658
IRS990/TotalLiabilitiesEOYAmt0548708
IRS990/TotalLiabilitiesGrp/BOYAmt0573658
IRS990/TotalLiabilitiesGrp/EOYAmt0548708
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt048747
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt035604
IRS990/TotalProgramServiceExpensesAmt0158278
IRS990/TotalProgramServiceRevenueAmt0150944
IRS990/TotalRevenueGrp/ExclusionAmt01272
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0150944
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0192432
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0622405
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0584312
IRS990/TravelGrp/ManagementAndGeneralAmt034
IRS990/TravelGrp/TotalAmt034
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 27
IRS990/USAddress/CityNm0VELVA
IRS990/USAddress/StateAbbreviationCd0ND
IRS990/USAddress/ZIPCd058790
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA BEALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07014834432
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VELVA RENTAL HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0VELV
ReturnHeader/Filer/EIN0450333793
ReturnHeader/Filer/PhoneNum07013898353
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 27
ReturnHeader/Filer/USAddress/CityNm0VELVA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd058790
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450443064
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0POINT CPA INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1411
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BISMARCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0585020431
ReturnHeader/PreparerPersonGrp/PhoneNum07017513646
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MAXINE BONDESON CPA
ReturnHeader/ReturnTs02025-11-12T17:50:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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