Civic Intelligence

Harvard Townhouse Inc

990 • Fiscal year 2017 • EIN 47-0559811

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 18, 2018

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

97th percentile

1.41x

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

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

8.89x

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

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Net Margin

20th percentile

-7.0%

Higher net margin than 20% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

71st percentile

$24,568

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Asset Growth

26th percentile

-2.3%

Faster asset growth than 26% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

60th percentile

6.3%

Faster revenue growth than 60% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,080,497

Down $25,070 (-2.3%) from 2016

Net Assets

Down

-$443,105

Down $12,047 (-2.8%) from 2016

Liabilities

Down

$1,523,602

Down $13,023 (-0.8%) from 2016

Revenue

Up

$171,341

Up $10,110 (+6.3%) from 2016

Expenses

Down

$183,388

Down $16,000 (-8.0%) from 2016

Net Income

Up

-$12,047

Up $26,110 (+68%) from 2016

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

2017

Assets$1,080,497
Liabilities$1,523,602
Net Assets-$443,105

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

2017

Revenue$171,341
Expenses$183,388
Net Income-$12,047
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 18, 2018
Return Version
2017v2.2
Gross Receipts
$171,341
Mission and Program Overview

Mission

NONE

Provide low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,057,134$1,013,908▼ $43,226
Savings and Temporary Cash Investments$36,509$55,571▲ $19,062
Cash and Non-Interest-Bearing Accounts$11,924$11,018▼ $906
Total Assets$1,105,567$1,080,497▼ $25,070
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,023,460$1,011,183▼ $12,277
Unsecured Notes Loans Payable$500,000$500,000→ $0
Other Liabilities$13,165$12,419▼ $746
Total Liabilities$1,536,625$1,523,602▼ $13,023
Net Assets / Fund Balance
Temporarily Rstr Net Assets$36,509$55,571▲ $19,062
Unrestricted Net Assets$-467,567$-498,676▼ $31,109
Total Net Assets Fund Balance$-431,058$-443,105▼ $12,047
Total Liabilities and Net Assets / Fund Balance$1,105,567$1,080,497▼ $25,070

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,001,208$781,528$1,782,736
Equipment$0$52,416$52,416
Land$12,700-$12,700
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Toni PatrickExecutive DirectorFT$24,568$24,568

Board Members and Trustees

NameTitle
Lance WilliamsPresident
Charles ConwayDirector
Dennis ReddickDirector
Jeanise KrogerDirector
Mark SaddDirector
Richard KellerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$36,396
Investment Income
$107
Other Revenue
$134,838
Change in Net Assets
$-12,047

Audited Revenue Reconciliation

Revenue per Audited Statements
$175,348
Revenue Not Reported on Financial Statements
$-4,007
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-4,007
Total Revenue per Audited Statements
$175,348
Total Revenue per Form 990
$171,341
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,826
Salaries, Compensation, and Employee Benefits$44,562
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$43,226--$43,226
Current Officers, Directors, Trustees, and Key Employees$22,111$2,457-$24,568
Interest$21,701$2,411-$24,112
Other Salaries and Wages$14,313$1,590-$15,903
Insurance$11,291$1,255-$12,546
Fees for Services Accounting$4,085$454-$4,539
Payroll Taxes$3,682$409-$4,091
Other Expenses$2,970$330-$3,300
Office Expenses$1,369$152-$1,521
All Other Expenses$1,324$147-$1,471
Fees for Services Legal$730$81-$811
Advertising$9$1-$10
Total Functional Expenses$169,372$14,016$0$183,388

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$183,388
Expenses per Audited Statements$180,319
Total Expenses per Audited Statements$180,319
Expenses Not Reported on Financial Statements$3,069
Other Expense Adjustments$3,069
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$10,292
Accrued Payroll Taxes$2,127
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
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 11B

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
Lance Williams
Title
President
Phone
4027724091
Signed
2018-07-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lance Williams
Formed
1972
Legal Domicile
Ne
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
0

Preparer

Firm
Lutz and Company 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 2014. 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 -4,007.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Accrual to cash adjustment 3,069.

Raw XML Appendix384 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/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt012700
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012700
IRS990ScheduleD/OtherExpensesNotIncludedAmt03069
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010292
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12127
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL TAXES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-4007
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-4007
IRS990ScheduleD/RevenueSubtotalAmt0175348
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 2014. 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 -4,007.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ACCRUAL TO CASH ADJUSTMENT 3,069.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01013908
IRS990ScheduleD/TotalExpensesPerForm990Amt0183388
IRS990ScheduleD/TotalLiabilityAmt012419
IRS990ScheduleD/TotalRevenuePerForm990Amt0171341
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0175348
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0180319
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt036509
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt055571
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01105567
IRS990/TotalAssetsEOYAmt01080497
IRS990/TotalAssetsGrp/BOYAmt01105567
IRS990/TotalAssetsGrp/EOYAmt01080497
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014016
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0169372
IRS990/TotalFunctionalExpensesGrp/TotalAmt0183388
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01536625
IRS990/TotalLiabilitiesEOYAmt01523602
IRS990/TotalLiabilitiesGrp/BOYAmt01536625
IRS990/TotalLiabilitiesGrp/EOYAmt01523602
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-431058
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-443105
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0169372
IRS990/TotalProgramServiceRevenueAmt036396
IRS990/TotalReportableCompFromOrgAmt024568
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0171341
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0171341
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01105567
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01080497
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-467567
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-498676
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0500000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0500000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 366
IRS990/USAddress/CityNm0HARVARD
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd0689440366
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LANCE WILLIAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04027724091
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-18
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0863B5BA6A0B5F1F2F45D25F98D2EFD67618D1230
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09606836A9636C949FCF2C664AD807F77CEFEC386
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.51.217.130
ReturnHeader/FilingSecurityInformation/IPDt02018-07-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:23:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470625816
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUTZ AND COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1317
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HASTINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0689021317
ReturnHeader/PreparerPersonGrp/PhoneNum04024624154
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAKE KLABENES CPA
ReturnHeader/ReturnTs02018-08-20T10:16:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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