Civic Intelligence

Arc Housing Development Corp Of

EIN 47-0647188 • 501(c)3 • Lincoln, NE

Profile

Provide housing for mentally & physically disabled individuals

1248 O Street Suite 550Lincoln, NE 68508

n/A

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.90x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

3.52x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

57th percentile

5.5%

Higher net margin than 57% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

43rd percentile

-6.1%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

49th percentile

-1.5%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$398,838

Down $35,302 (-8.1%) from 2023

Liabilities

Down

$364,751

Down $25,737 (-6.6%) from 2023

Net Assets

Down

$34,087

Down $9,565 (-22%) from 2023

Revenue

Down

$103,907

Down $6,873 (-6.2%) from 2023

Expenses

Up

$113,472

Up $8,813 (+8.4%) from 2023

Net Income

Down

-$9,565

Down $15,686 (-256%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2010: $1,275,594Liabilities 2010: $1,548,702Net Assets 2010: -$273,1082010Assets 2011: $1,201,282Liabilities 2011: $1,526,121Net Assets 2011: -$324,8392011Assets 2012: $1,141,643Liabilities 2012: $1,496,565Net Assets 2012: -$354,9222012Assets 2013: $1,105,086Liabilities 2013: $1,490,577Net Assets 2013: -$385,4912013Assets 2014: $1,185,521Liabilities 2014: $1,650,696Net Assets 2014: -$465,1752014Assets 2015: $1,148,956Liabilities 2015: $1,620,294Net Assets 2015: -$471,3382015Assets 2016: $1,079,225Liabilities 2016: $1,589,039Net Assets 2016: -$509,8142016Assets 2017: $1,012,914Liabilities 2017: $1,640,854Net Assets 2017: -$627,9402017Assets 2018: $967,870Liabilities 2018: $1,717,110Net Assets 2018: -$749,2402018Assets 2019: $578,735Liabilities 2019: $525,665Net Assets 2019: $53,0702019Assets 2020: $534,311Liabilities 2020: $480,036Net Assets 2020: $54,2752020Assets 2021: $481,968Liabilities 2021: $447,770Net Assets 2021: $34,1982021Assets 2022: $462,262Liabilities 2022: $424,731Net Assets 2022: $37,5312022Assets 2023: $434,140Liabilities 2023: $390,488Net Assets 2023: $43,6522023Assets 2024: $398,838Liabilities 2024: $364,751Net Assets 2024: $34,0872024

Highlighted filing

2024

Assets$398,838
Liabilities$364,751
Net Assets$34,087

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $336,4572010Expenses 2011: $325,9812011Expenses 2012: $308,1522012Expenses 2013: $312,4212013Revenue 2014: $269,236Expenses 2014: $348,920Net Income 2014: -$79,6842014Revenue 2015: $302,947Expenses 2015: $309,110Net Income 2015: -$6,1632015Revenue 2016: $237,862Expenses 2016: $276,338Net Income 2016: -$38,4762016Revenue 2017: $144,113Expenses 2017: $262,239Net Income 2017: -$118,1262017Revenue 2018: $127,434Expenses 2018: $248,734Net Income 2018: -$121,3002018Revenue 2019: $1,063,742Expenses 2019: $261,432Net Income 2019: $802,3102019Revenue 2020: $101,289Expenses 2020: $100,084Net Income 2020: $1,2052020Revenue 2021: $98,172Expenses 2021: $118,249Net Income 2021: -$20,0772021Revenue 2022: $112,428Expenses 2022: $109,095Net Income 2022: $3,3332022Revenue 2023: $110,780Expenses 2023: $104,659Net Income 2023: $6,1212023Revenue 2024: $103,907Expenses 2024: $113,472Net Income 2024: -$9,5652024

Highlighted filing

2024

Revenue$103,907
Expenses$113,472
Net Income-$9,565

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.40$0.36$0.03$0.10$0.11$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.43$0.39$0.04$0.11$0.10$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.46$0.42$0.04$0.11$0.11$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.48$0.45$0.03$0.10$0.12$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.53$0.48$0.05$0.10$0.10$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.58$0.53$0.05$1.06$0.26$0.80
2018Detailed filing. Detailed filing data is available for this year.$0.97$1.72$0.75$0.13$0.25$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.01$1.64$0.63$0.14$0.26$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.08$1.59$0.51$0.24$0.28$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.15$1.62$0.47$0.30$0.31$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.19$1.65$0.47$0.27$0.35$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$1.49$0.39$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$1.50$0.35$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$1.53$0.32$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$1.55$0.27$0.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 13, 2025
Return Version
2023v6.0
Gross Receipts
$103,907
Mission and Program Overview

Mission

Provide housing for mentally & physically disabled individuals.

Provide housing for the mentally & physically disabled

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$378,145$357,789▼ $20,356
Savings and Temporary Cash Investments$52,082$35,373▼ $16,709
Prepaid Expenses and Deferred Charges$3,913$5,676▲ $1,763
Total Assets$434,140$398,838▼ $35,302
Liabilities
Mortgage Notes Payable Secured by Investment Property$381,484$350,319▼ $31,165
Accounts Payable and Accrued Expenses$3,193$7,472▲ $4,279
Other Liabilities$5,811$6,960▲ $1,149
Total Liabilities$390,488$364,751▼ $25,737
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$43,652$34,087▼ $9,565
Total Net Assets Fund Balance$43,652$34,087▼ $9,565
Total Liabilities and Net Assets / Fund Balance$434,140$398,838▼ $35,302

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$285,933$760,242$1,046,175
Land$61,874-$61,874
Equipment$9,982$8,217$18,199
Compensation and Service Providers

Board Members and Trustees

NameTitle
Drew StangePresident
Becky HannaDirector
Jennifer StuhmerDirector
Philip StephensDirector
Dick CarlsonTreasurer
Richard LongacreVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$297
Program Service Revenue
$103,267
Investment Income
$343
Other Revenue
$0
All Other Contributions
$297
Change in Net Assets
$-9,565

Audited Revenue Reconciliation

Revenue per Audited Statements
$103,907
Total Revenue per Audited Statements
$103,907
Total Revenue per Form 990
$103,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$113,472
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$30,786--$30,786
Occupancy$16,354--$16,354
Insurance$9,589--$9,589
Interest$7,408--$7,408
Fees for Services Management-$7,165-$7,165
Fees for Services Accounting-$6,800-$6,800
Other Expenses$2,029--$2,029
Office Expenses-$110-$110
Total Functional Expenses$99,397$14,075$0$113,472

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$113,472
Total Expenses per Audited Statements$113,472
Total Expenses per Form 990$113,472
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
Tenant Security Deposits$5,238
Prepaid Rents$1,722
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 president reviews the form 990 before it is filed and signs the return. The form 990 is provided to the remaining members of the board upon request.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and financial statements are available to the public upon request to the organization's executive director.

Filing and Contact Details

Filer

Filer Name
Arc Housing Development Corp of
EIN
47-0647188
Phone
4024415808
Address
1248 O STREET SUITE 550, LINCOLN, NE 68508

Signing Officer

Name
Drew Stange
Title
President
Phone
4024415808
Signed
2025-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Drew Stange
Formed
1982
Legal Domicile
Ne
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Dana F Cole & Company Llp
Address
1248 O ST STE 500, LINCOLN, NE 68508-1424
Preparer
Kerry Gustafsson
Phone
4024799300
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the corporation's tax-exempt purpose is subject to taxation as unrelated business income. In addition, the corporation qualifies for the charitable contribution deduction under section 170(b) (1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). The corporation utilizes the provisions of financial accounting standards board (fasb) asc 740-10, accounting for uncertain tax positions. The corporation continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings. The corporation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that would be material to the financial statements.

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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/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CORPORATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE CORPORATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B) (1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE CORPORATION UTILIZES THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740-10, ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE CORPORATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT WOULD BE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT REVIEWS THE FORM 990 BEFORE IT IS FILED AND SIGNS THE RETURN. THE FORM 990 IS PROVIDED TO THE REMAINING MEMBERS OF THE BOARD UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE ORGANIZATION'S EXECUTIVE DIRECTOR.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KERRY GUSTAFSSON
ReturnHeader/ReturnTs02025-02-21T09:39:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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