Civic Intelligence

Midway Pointe

990 • Fiscal year 2020 • EIN 45-4788152

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 04, 2021

490 Lynnhurst Avenue EastSaint Paul, MN 55104

(651) 646-0622

Siviq Scores

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

Liabilities / Assets

26th percentile

0.03x

Higher debt load relative to assets than 26% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.60x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

5th percentile

-65%

Higher net margin than 5% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

19th percentile

-2.7%

Faster asset growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

58th percentile

5.2%

Faster revenue growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$8,242,444

Down $227,690 (-2.7%) from 2019

Net Assets

Down

$7,996,128

Down $264,570 (-3.2%) from 2019

Liabilities

Up

$246,316

Up $36,880 (+18%) from 2019

Revenue

Up

$409,470

Up $20,359 (+5.2%) from 2019

Expenses

Up

$674,040

Up $21,486 (+3.3%) from 2019

Net Income

Down

-$264,570

Down $1,127 (-0.4%) from 2019

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

2020

Assets$8,242,444
Liabilities$246,316
Net Assets$7,996,128

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

2020

Revenue$409,470
Expenses$674,040
Net Income-$264,570
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 4, 2021
Return Version
2020v4.1
Gross Receipts
$409,470
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$8,205,566$7,928,976▼ $276,590
Savings and Temporary Cash Investments$233,537$287,712▲ $54,175
Cash and Non-Interest-Bearing Accounts$10,234$19,180▲ $8,946
Prepaid Expenses and Deferred Charges$6,363$3,801▼ $2,562
Accounts Receivable$14,434$2,775▼ $11,659
Total Assets$8,470,134$8,242,444▼ $227,690
Liabilities
Mortgage Notes Payable Secured by Investment Property$129,917$136,413▲ $6,496
Other Liabilities$47,033$68,565▲ $21,532
Accounts Payable and Accrued Expenses$13,269$20,168▲ $6,899
Escrow Account Liability$19,217$18,660▼ $557
Deferred Revenue$0$2,510▲ $2,510
Total Liabilities$209,436$246,316▲ $36,880
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,667,900$7,667,900→ $0
Net Assets Without Donor Restrictions$592,798$328,228▼ $264,570
Total Net Assets Fund Balance$8,260,698$7,996,128▼ $264,570
Total Liabilities and Net Assets / Fund Balance$8,470,134$8,242,444▼ $227,690

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,442,558$1,856,962$9,299,520
Land$400,000-$400,000
Equipment$86,418$86,237$172,655
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$401,272
Investment Income
$31
Other Revenue
$8,167
Change in Net Assets
$-264,570

Audited Revenue Reconciliation

Revenue per Audited Statements
$409,470
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$409,470
Total Revenue per Form 990
$409,470
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$580,266
Salaries, Compensation, and Employee Benefits$93,774
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$279,074--$279,074
Occupancy$172,608--$172,608
Other Salaries and Wages$78,771--$78,771
Fees for Services Management-$40,374-$40,374
Fees for Services Other$17,095$4-$17,099
Fees for Services Accounting-$12,802-$12,802
Office Expenses$1,482$9,208-$10,690
Other Employee Benefits$7,475--$7,475
Interest$7,420--$7,420
Payroll Taxes$5,704--$5,704
Information Technology-$3,876-$3,876
Pension Plan Contributions$1,824--$1,824
Advertising-$1,784-$1,784
Insurance$1,052--$1,052
Conferences and Meetings$23$325-$348
All Other Expenses$118--$118
Travel$67--$67
Other Expenses$30,625$21-$21
Total Functional Expenses$603,338$70,702$0$674,040

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$674,040
Total Expenses per Audited Statements$674,040
Total Expenses per Form 990$674,040
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$68,565
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 cause 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 EAST, SAINT PAUL, MN 55104

Signing Officer

Name
Marvin Plakut
Title
President & CEO
Phone
6512098529
Signed
2021-10-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marvin Plakut
Formed
2012
Legal Domicile
Mn
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
9

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:

Security deposits advanced by the tenants of the project are held in trust by the project. The project records security deposits as an asset and as a liability.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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