Civic Intelligence

Midway Pointe

990 • Fiscal year 2018 • EIN 45-4788152

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 10, 2019

490 Lynnhurst Avenue ESaint Paul, MN 55104

(651) 646-0622

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.02x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.47x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

5th percentile

-61%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

30th percentile

-2.6%

Faster asset growth than 30% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$8,710,720

Down $228,439 (-2.6%) from 2017

Net Assets

Down

$8,524,141

Down $245,511 (-2.8%) from 2017

Liabilities

Up

$186,579

Up $17,072 (+10%) from 2017

Revenue

Up

$400,355

Up $44,605 (+13%) from 2017

Expenses

Up

$645,866

Up $38,779 (+6.4%) from 2017

Net Income

Up

-$245,511

Up $5,826 (+2.3%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2013: $10,363,379Liabilities 2013: $744,021Net Assets 2013: $9,619,3582013Assets 2014: $11,019,853Liabilities 2014: $1,448,589Net Assets 2014: $9,571,2642014Assets 2015: $9,746,811Liabilities 2015: $467,665Net Assets 2015: $9,279,1462015Assets 2016: $9,181,543Liabilities 2016: $160,554Net Assets 2016: $9,020,9892016Assets 2017: $8,939,159Liabilities 2017: $169,507Net Assets 2017: $8,769,6522017Assets 2018: $8,710,720Liabilities 2018: $186,579Net Assets 2018: $8,524,1412018Assets 2019: $8,470,134Liabilities 2019: $209,436Net Assets 2019: $8,260,6982019Assets 2020: $8,242,444Liabilities 2020: $246,316Net Assets 2020: $7,996,1282020Assets 2021: $7,974,340Liabilities 2021: $250,165Net Assets 2021: $7,724,1752021Assets 2022: $7,734,165Liabilities 2022: $313,727Net Assets 2022: $7,420,4382022Assets 2023: $7,499,889Liabilities 2023: $338,771Net Assets 2023: $7,161,1182023Assets 2024: $7,275,401Liabilities 2024: $333,424Net Assets 2024: $6,941,9772024

Highlighted filing

2018

Assets$8,710,720
Liabilities$186,579
Net Assets$8,524,141

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2013: $9,422,048Expenses 2013: $0Net Income 2013: $9,422,0482013Revenue 2014: $389,941Expenses 2014: $438,035Net Income 2014: -$48,0942014Revenue 2015: $356,108Expenses 2015: $546,433Net Income 2015: -$190,3252015Revenue 2016: $362,006Expenses 2016: $620,163Net Income 2016: -$258,1572016Revenue 2017: $355,750Expenses 2017: $607,087Net Income 2017: -$251,3372017Revenue 2018: $400,355Expenses 2018: $645,866Net Income 2018: -$245,5112018Revenue 2019: $389,111Expenses 2019: $652,554Net Income 2019: -$263,4432019Revenue 2020: $409,470Expenses 2020: $674,040Net Income 2020: -$264,5702020Revenue 2021: $428,419Expenses 2021: $700,372Net Income 2021: -$271,9532021Revenue 2022: $450,012Expenses 2022: $753,749Net Income 2022: -$303,7372022Revenue 2023: $484,285Expenses 2023: $743,605Net Income 2023: -$259,3202023Revenue 2024: $533,311Expenses 2024: $752,452Net Income 2024: -$219,1412024

Highlighted filing

2018

Revenue$400,355
Expenses$645,866
Net Income-$245,511
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 10, 2019
Return Version
2018v3.1
Gross Receipts
$400,355
Mission and Program Overview

Mission

Our mission is to enhance the quality of life for senior adults by providing homes and services that support each individuals physical, social, and spiritual needs.

To provide housing and a variety of programs which expand opportunities for older persons to lead independent lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,758,487$8,484,389▼ $274,098
Savings and Temporary Cash Investments$162,979$206,200▲ $43,221
Cash and Non-Interest-Bearing Accounts$1,665$11,127▲ $9,462
Prepaid Expenses and Deferred Charges$5,719$6,361▲ $642
Accounts Receivable$309$2,643▲ $2,334
Total Assets$8,939,159$8,710,720▼ $228,439
Other Assets Total$10,000$0▼ $10,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$117,838$123,730▲ $5,892
Other Liabilities$26,272$29,397▲ $3,125
Escrow Account Liability$19,309$19,387▲ $78
Accounts Payable and Accrued Expenses$6,088$14,065▲ $7,977
Total Liabilities$169,507$186,579▲ $17,072
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,667,900$7,667,900→ $0
Unrestricted Net Assets$1,101,752$856,241▼ $245,511
Total Net Assets Fund Balance$8,769,652$8,524,141▼ $245,511
Total Liabilities and Net Assets / Fund Balance$8,939,159$8,710,720▼ $228,439

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,974,700$1,324,820$9,299,520
Land$400,000-$400,000
Equipment$109,689$60,482$170,171
Compensation and Service Providers

Employees

NameTitleOtherTotal
Mary RouthieauxCAO$148,208$148,208

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$12,000
Program Service Revenue
$383,764
Investment Income
$16
Other Revenue
$4,575
Change in Net Assets
$-245,511

Audited Revenue Reconciliation

Revenue per Audited Statements
$388,355
Revenue Not Reported on Financial Statements
$12,000
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$12,000
Total Revenue per Audited Statements
$388,355
Total Revenue per Form 990
$400,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$555,327
Salaries, Compensation, and Employee Benefits$90,539
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$278,397--$278,397
Occupancy$158,924--$158,924
Other Salaries and Wages$9,662$66,751-$76,413
Fees for Services Management-$34,272-$34,272
Fees for Services Other$17,069$770-$17,839
Fees for Services Accounting-$13,789-$13,789
Office Expenses$1,945$10,893-$12,838
Interest$7,006--$7,006
Other Employee Benefits$880$6,076-$6,956
All Other Expenses$5,671$9-$5,680
Payroll Taxes$707$4,881-$5,588
Information Technology$37$2,644-$2,681
Travel$1,597$13-$1,610
Pension Plan Contributions$200$1,382-$1,582
Insurance$833--$833
Other Expenses$18,871$295-$295
Conferences and Meetings-$245-$245
Fees for Services Legal-$92-$92
Total Functional Expenses$501,799$144,067$0$645,866

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$645,866
Total Expenses per Audited Statements$645,866
Total Expenses per Form 990$645,866
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
Related Party Payables$29,397
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Eh services, inc. Is a related, 501(c)(3) organization that is responsible for managing the organization.

Form 990, Part VI, Section A, Line 6

The organization has a sole member, episcopal homes of minnesota, a minnesota nonprofit corporation.

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

The sole member of the corporation, episcopal homes of minnesota, has the voting rights of the organization and therefore the ability to elect and appoint all members of the governing body. All board members of episcopal homes of minnesota, are board members of the organization.

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

The sole member of the corporation, episcopal homes of minnesota, has the ability to elect and appoint all members of the governing body and therefore are reserved the right to make governance decisions for the organization. All board members of episcopal homes of minnesota, are board members of the organization.

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

The 990 is prepared by the cpa firm hired by the organization to perform the audit using information provided by the organization. The cfo reviews the return and approves. The form 990 is made available to the board of directors prior to submission to the internal revenue service.

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

All members are responsible to - without request - make a prompt, full, and frank disclosure of his or her conflict of interest therein to the entire board prior to any action upon the matter, contract, or transaction that causes conflict. If the board determines that a conflict of interest exists, the person shall remove them self from the meeting room or from the communication means by which the meeting is being held.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request of the ceo and director of finance.

Filing and Contact Details

Filer

Filer Name
Midway Pointe
EIN
45-4788152
Phone
6516460622
Address
490 LYNNHURST AVENUE E, SAINT PAUL, MN 55104

Signing Officer

Name
Marvin Plakut
Title
President & CEO
Phone
6512098529
Signed
2019-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marvin Plakut
Formed
2012
Legal Domicile
Mn
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
20

Preparer

Firm
Wipfli Llp
Address
1502 LONDON ROAD SUITE 200, DULUTH, MN 55812
Preparer
Michael J Peterson CPA
Phone
2187224705
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The board of director's finance committee is responsible for oversight of the audit and selection of an independent accountant. This process has not changed from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

The organization is the trustee of resident funds and has fiduciary responsibility for the administration and distribution of these funds for residents of the organization.

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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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