Civic Intelligence

Harvard Townhouse Inc

990 • Fiscal year 2015 • EIN 47-0559811

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 31, 2016

PO Box 366Harvard, NE 68944-0366

(402) 772-4091

Siviq Scores

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

Liabilities / Assets

96th percentile

1.34x

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

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

9.30x

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

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Net Margin

17th percentile

-10%

Higher net margin than 17% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Asset Growth

31st percentile

-2.1%

Faster asset growth than 31% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

68th percentile

8.5%

Faster revenue growth than 68% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,154,397

Down $24,844 (-2.1%) from 2014

Net Assets

Down

-$392,901

Down $16,943 (-4.5%) from 2014

Liabilities

Down

$1,547,298

Down $7,901 (-0.5%) from 2014

Revenue

Up

$166,326

Up $13,071 (+8.5%) from 2014

Expenses

Down

$183,269

Down $34,559 (-16%) from 2014

Net Income

Up

-$16,943

Up $47,630 (+74%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2011: $1,346,461Liabilities 2011: $1,028,922Net Assets 2011: $317,5392011Assets 2012: $1,274,806Liabilities 2012: $994,854Net Assets 2012: $279,9522012Assets 2013: $1,253,157Liabilities 2013: $1,564,542Net Assets 2013: -$311,3852013Assets 2014: $1,179,241Liabilities 2014: $1,555,199Net Assets 2014: -$375,9582014Assets 2015: $1,154,397Liabilities 2015: $1,547,298Net Assets 2015: -$392,9012015Assets 2016: $1,105,567Liabilities 2016: $1,536,625Net Assets 2016: -$431,0582016Assets 2017: $1,080,497Liabilities 2017: $1,523,602Net Assets 2017: -$443,1052017Assets 2018: $1,020,368Liabilities 2018: $1,509,695Net Assets 2018: -$489,3272018Assets 2019: $981,093Liabilities 2019: $1,497,543Net Assets 2019: -$516,4502019Assets 2020: $954,634Liabilities 2020: $1,482,224Net Assets 2020: -$527,5902020Assets 2021: $944,003Liabilities 2021: $1,467,716Net Assets 2021: -$523,7132021Assets 2022: $942,469Liabilities 2022: $1,453,299Net Assets 2022: -$510,8302022Assets 2023: $909,249Liabilities 2023: $1,435,363Net Assets 2023: -$526,1142023Assets 2024: $891,364Liabilities 2024: $1,418,137Net Assets 2024: -$526,7732024

Highlighted filing

2015

Assets$1,154,397
Liabilities$1,547,298
Net Assets-$392,901

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $182,766Expenses 2011: $236,520Net Income 2011: -$53,7542011Revenue 2012: $212,180Expenses 2012: $249,767Net Income 2012: -$37,5872012Revenue 2013: $175,893Expenses 2013: $180,159Net Income 2013: -$4,2662013Revenue 2014: $153,255Expenses 2014: $217,828Net Income 2014: -$64,5732014Revenue 2015: $166,326Expenses 2015: $183,269Net Income 2015: -$16,9432015Revenue 2016: $161,231Expenses 2016: $199,388Net Income 2016: -$38,1572016Revenue 2017: $171,341Expenses 2017: $183,388Net Income 2017: -$12,0472017Revenue 2018: $207,392Expenses 2018: $253,614Net Income 2018: -$46,2222018Revenue 2019: $216,526Expenses 2019: $243,649Net Income 2019: -$27,1232019Revenue 2020: $245,178Expenses 2020: $256,318Net Income 2020: -$11,1402020Revenue 2021: $251,849Expenses 2021: $247,972Net Income 2021: $3,8772021Revenue 2022: $252,724Expenses 2022: $239,841Net Income 2022: $12,8832022Revenue 2023: $255,048Expenses 2023: $270,332Net Income 2023: -$15,2842023Revenue 2024: $262,230Expenses 2024: $267,240Net Income 2024: -$5,0102024

Highlighted filing

2015

Revenue$166,326
Expenses$183,269
Net Income-$16,943
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 31, 2016
Return Version
2015v2.1
Gross Receipts
$166,326
Mission and Program Overview

Mission

NONE

Provide low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,072,946$1,091,541▲ $18,595
Savings and Temporary Cash Investments$94,608$51,556▼ $43,052
Cash and Non-Interest-Bearing Accounts$11,687$11,300▼ $387
Total Assets$1,179,241$1,154,397▼ $24,844
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,046,013$1,035,051▼ $10,962
Unsecured Notes Loans Payable$500,000$500,000→ $0
Other Liabilities$9,186$12,247▲ $3,061
Total Liabilities$1,555,199$1,547,298▼ $7,901
Net Assets / Fund Balance
Temporarily Rstr Net Assets$94,608$51,556▼ $43,052
Unrestricted Net Assets$-470,566$-444,457▲ $26,109
Total Net Assets Fund Balance$-375,958$-392,901▼ $16,943
Total Liabilities and Net Assets / Fund Balance$1,179,241$1,154,397▼ $24,844

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,078,841$695,173$1,774,014
Equipment$0$52,416$52,416
Land$12,700-$12,700
Compensation and Service Providers

Board Members and Trustees

NameTitle
Isaac SchelkopfPresident
Bonnie FitzkeDirector
Doug HamptonDirector
Glenda BryantDirector
Greg SchuckDirector
Lance WilliamsDirector
Marge KeaslingDirector
Richard HaselohDirector
Ruby AdamDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$50,315
Investment Income
$94
Other Revenue
$115,917
Change in Net Assets
$-16,943

Audited Revenue Reconciliation

Revenue per Audited Statements
$167,428
Revenue Not Reported on Financial Statements
$-1,102
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-1,102
Total Revenue per Audited Statements
$167,428
Total Revenue per Form 990
$166,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$137,411
Salaries, Compensation, and Employee Benefits$45,858
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$40,669--$40,669
Other Salaries and Wages$35,764$3,974-$39,738
Interest$21,864$2,429-$24,293
Insurance$19,728$2,192-$21,920
Fees for Services Accounting$11,547$1,283-$12,830
Payroll Taxes$3,582$398-$3,980
Other Employee Benefits$1,926$214-$2,140
Other Expenses$1,068$119-$1,187
Office Expenses$954$106-$1,060
Fees for Services Legal$458$51-$509
All Other Expenses$149$17-$166
Advertising$79$9-$88
Total Functional Expenses$169,012$14,257$0$183,269

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$196,376
Total Expenses per Audited Statements$196,376
Total Expenses per Form 990$183,269
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-13,107
Other Expense Adjustments$-13,107
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$9,502
Accrued Payroll Taxes$2,745
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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 11

A copy is given to each board member via email or hard copy before the entire board votes to approve the form 990.

Form 990, Part VI, Section C, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Harvard Townhouse Inc
EIN
47-0559811
Phone
4027724091
Address
PO BOX 366, HARVARD, NE 68944-0366

Signing Officer

Name
Isaac Schelkopf
Title
President
Phone
4027724091
Signed
2016-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Isaac Schelkopf
Formed
1972
Legal Domicile
Ne
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
0

Preparer

Firm
Mcdermott and Miller Pc
Address
PO BOX 1317, HASTINGS, NE 68902-1317
Preparer
Jake Klabenes CPA
Phone
4024624154
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Harvard townhouse, inc., is a nonprofit corporation, exempt from income taxes under irc section 501c(4). 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) if the project has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The project is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2012. The project's policy is to include penalties and interest associated with income taxes as income tax expense and interest expense respectively. The project did not incur any penalties or interest on income taxes for the periods being reported.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Accrual to cash adjustment -1,102.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Accrual to cash adjustment -13,107.

Raw XML Appendix390 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/RentalIncomeOrLossGrp/RealAmt0106004
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0166326
IRS990/SavingsAndTempCashInvstGrp/BOYAmt094608
IRS990/SavingsAndTempCashInvstGrp/EOYAmt051556
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01078841
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0695173
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01774014
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052416
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052416
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-13107
IRS990ScheduleD/ExpensesSubtotalAmt0196376
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt012700
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012700
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-13107
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12745
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL TAXES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-1102
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-1102
IRS990ScheduleD/RevenueSubtotalAmt0167428
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HARVARD TOWNHOUSE, INC., IS A NONPROFIT CORPORATION, EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501C(4). 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) IF THE PROJECT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012. THE PROJECT'S POLICY IS TO INCLUDE PENALTIES AND INTEREST ASSOCIATED WITH INCOME TAXES AS INCOME TAX EXPENSE AND INTEREST EXPENSE RESPECTIVELY. THE PROJECT DID NOT INCUR ANY PENALTIES OR INTEREST ON INCOME TAXES FOR THE PERIODS BEING REPORTED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCRUAL TO CASH ADJUSTMENT -1,102.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ACCRUAL TO CASH ADJUSTMENT -13,107.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01091541
IRS990ScheduleD/TotalExpensesPerForm990Amt0183269
IRS990ScheduleD/TotalLiabilityAmt012247
IRS990ScheduleD/TotalRevenuePerForm990Amt0166326
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0167428
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0196376
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY IS GIVEN TO EACH BOARD MEMBER VIA EMAIL OR HARD COPY BEFORE THE ENTIRE BOARD VOTES TO APPROVE THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt094608
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt051556
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01179241
IRS990/TotalAssetsEOYAmt01154397
IRS990/TotalAssetsGrp/BOYAmt01179241
IRS990/TotalAssetsGrp/EOYAmt01154397
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014257
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0169012
IRS990/TotalFunctionalExpensesGrp/TotalAmt0183269
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01555199
IRS990/TotalLiabilitiesEOYAmt01547298
IRS990/TotalLiabilitiesGrp/BOYAmt01555199
IRS990/TotalLiabilitiesGrp/EOYAmt01547298
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-375958
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-392901
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0169012
IRS990/TotalProgramServiceRevenueAmt050315
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0166326
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0166326
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01179241
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01154397
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-470566
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-444457
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0500000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0500000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 366
IRS990/USAddress/CityNm0HARVARD
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd0689440366
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ISAAC SCHELKOPF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04027724091
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HARVARD TOWNHOUSE INC
ReturnHeader/Filer/BusinessNameControlTxt0HARV
ReturnHeader/Filer/EIN0470559811
ReturnHeader/Filer/PhoneNum04027724091
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 366
ReturnHeader/Filer/USAddress/CityNm0HARVARD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd0689440366
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470608676
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCDERMOTT AND MILLER PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1317
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HASTINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0689021317
ReturnHeader/PreparerPersonGrp/PhoneNum04024624154
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAKE KLABENES CPA
ReturnHeader/ReturnTs02016-09-28T11:27:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.89$1.42$0.53$0.26$0.27$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.91$1.44$0.53$0.26$0.27$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.94$1.45$0.51$0.25$0.24$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.94$1.47$0.52$0.25$0.25$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.95$1.48$0.53$0.25$0.26$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.98$1.50$0.52$0.22$0.24$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.02$1.51$0.49$0.21$0.25$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.08$1.52$0.44$0.17$0.18$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.11$1.54$0.43$0.16$0.20$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.15$1.55$0.39$0.17$0.18$0.02
2014Summary only. Only limited summary data is available for this year.$1.18$1.56$0.38$0.15$0.22$0.06
2013Summary only. Only limited summary data is available for this year.$1.25$1.56$0.31$0.18$0.18$0.00
2012Summary only. Only limited summary data is available for this year.$1.27$0.99$0.28$0.21$0.25$0.04
2011Summary only. Only limited summary data is available for this year.$1.35$1.03$0.32$0.18$0.24$0.05