Civic Intelligence

Abilene Housing Inc.

990 • Fiscal year 2015 • EIN 48-0853525

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 10, 2016

601 N BuckeyeAbilene, KS 67410

(785) 263-1098

Siviq Scores

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

Liabilities / Assets

79th percentile

0.52x

Higher debt load relative to assets than 79% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

87th percentile

1.37x

Higher debt load relative to revenue than 87% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

79th percentile

20%

Higher net margin than 79% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

34th percentile

-2.5%

Faster asset growth than 34% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

60th percentile

7.6%

Faster revenue growth than 60% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,324,971

Down $34,032 (-2.5%) from 2014

Net Assets

Up

$637,762

Up $95,627 (+18%) from 2014

Liabilities

Down

$687,209

Down $129,659 (-16%) from 2014

Revenue

Up

$502,303

Up $35,571 (+7.6%) from 2014

Expenses

Down

$402,238

Down $2,841 (-0.7%) from 2014

Net Income

Up

$100,065

Up $38,412 (+62%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,112,413Liabilities 2010: $790,966Net Assets 2010: $321,4472010Assets 2011: $1,055,938Liabilities 2011: $724,068Net Assets 2011: $331,8702011Assets 2012: $1,056,480Liabilities 2012: $650,485Net Assets 2012: $405,9952012Assets 2013: $1,034,403Liabilities 2013: $573,639Net Assets 2013: $460,7642013Assets 2014: $1,359,003Liabilities 2014: $816,868Net Assets 2014: $542,1352014Assets 2015: $1,324,971Liabilities 2015: $687,209Net Assets 2015: $637,7622015Assets 2016: $1,336,273Liabilities 2016: $593,640Net Assets 2016: $742,6332016Assets 2017: $1,332,903Liabilities 2017: $506,296Net Assets 2017: $826,6072017Assets 2018: $1,910,681Liabilities 2018: $988,171Net Assets 2018: $922,5102018Assets 2019: $1,865,406Liabilities 2019: $907,447Net Assets 2019: $957,9592019Assets 2020: $1,867,446Liabilities 2020: $805,493Net Assets 2020: $1,061,9532020Assets 2021: $1,873,074Liabilities 2021: $722,141Net Assets 2021: $1,150,9332021Assets 2022: $1,737,084Liabilities 2022: $641,178Net Assets 2022: $1,095,9062022Assets 2023: $2,065,006Liabilities 2023: $947,887Net Assets 2023: $1,117,1192023Assets 2024: $2,046,633Liabilities 2024: $869,530Net Assets 2024: $1,177,1032024Assets 2025: $2,029,625Liabilities 2025: $791,806Net Assets 2025: $1,237,8192025

Highlighted filing

2015

Assets$1,324,971
Liabilities$687,209
Net Assets$637,762

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $431,2542010Expenses 2011: $456,8772011Expenses 2012: $403,0532012Expenses 2013: $430,2912013Revenue 2014: $466,732Expenses 2014: $405,079Net Income 2014: $61,6532014Revenue 2015: $502,303Expenses 2015: $402,238Net Income 2015: $100,0652015Revenue 2016: $520,883Expenses 2016: $425,064Net Income 2016: $95,8192016Revenue 2017: $505,509Expenses 2017: $443,217Net Income 2017: $62,2922017Revenue 2018: $543,453Expenses 2018: $468,218Net Income 2018: $75,2352018Revenue 2019: $522,030Expenses 2019: $485,176Net Income 2019: $36,8542019Revenue 2020: $568,239Expenses 2020: $456,805Net Income 2020: $111,4342020Revenue 2021: $521,632Expenses 2021: $493,642Net Income 2021: $27,9902021Revenue 2022: $526,843Expenses 2022: $524,292Net Income 2022: $2,5512022Revenue 2023: $523,073Expenses 2023: $546,455Net Income 2023: -$23,3822023Revenue 2024: $559,342Expenses 2024: $598,428Net Income 2024: -$39,0862024Revenue 2025: $586,741Expenses 2025: $580,432Net Income 2025: $6,3092025

Highlighted filing

2015

Revenue$502,303
Expenses$402,238
Net Income$100,065
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 10, 2016
Return Version
2014v6.0
Gross Receipts
$511,766
Mission and Program Overview

Mission

Abilene housing, inc. Was formed and organized as a kansas not-for-profit corporation to provide housing for the low-income elderly. Frontier estates provides activities, services and programs to enrich and enhance the lives of the tenants. The environment also provides the tenants who are similar in age, companionship with others who have similar interests and experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$843,097$1,010,139▲ $167,042
Investments Other Securities$147,373$145,371▼ $2,002
Cash and Non-Interest-Bearing Accounts$313,083$108,057▼ $205,026
Savings and Temporary Cash Investments$32,977$38,361▲ $5,384
Prepaid Expenses and Deferred Charges$21,704$22,475▲ $771
Intangible Assets$769$568▼ $201
Total Assets$1,359,003$1,324,971▼ $34,032
Liabilities
Unsecured Notes Loans Payable$735,361$641,405▼ $93,956
Other Liabilities$23,031$24,078▲ $1,047
Accounts Payable and Accrued Expenses$58,476$21,726▼ $36,750
Total Liabilities$816,868$687,209▼ $129,659
Net Assets / Fund Balance
Unrestricted Net Assets$542,135$637,762▲ $95,627
Total Net Assets Fund Balance$542,135$637,762▲ $95,627
Total Liabilities and Net Assets / Fund Balance$1,359,003$1,324,971▼ $34,032

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$479,090$984,031$1,463,121
Other Land Buildings$423,346$356,294$779,640
Land$107,414-$107,414
Equipment$289$29,342$29,631
Other Securities$68,103--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mildred FinkChairman
Mark MillerPresident/se
Amy Hoch AltweggBoard Member
Elgin GlanzerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,662
Program Service Revenue
$484,504
Investment Income
$-1,346
Other Revenue
$17,483
All Other Contributions
$1,662
Change in Net Assets
$100,065

Audited Revenue Reconciliation

Revenue per Audited Statements
$502,303
Revenue Not Reported on Form 990
$-4,438
Total Revenue per Audited Statements
$497,865
Total Revenue per Form 990
$502,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$354,076
Salaries, Compensation, and Employee Benefits$48,162
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$77,957-$77,957
Fees for Services Management$58,436--$58,436
All Other Expenses$52,830--$52,830
Other Salaries and Wages$42,837--$42,837
Interest-$22,259-$22,259
Other Expenses$9,348--$9,348
Fees for Services Accounting$8,315--$8,315
Insurance$6,830--$6,830
Information Technology$5,912--$5,912
Payroll Taxes$4,020--$4,020
Office Expenses$3,005--$3,005
Advertising$2,442--$2,442
Other Employee Benefits$1,305--$1,305
Conferences and Meetings$1,282--$1,282
Total Functional Expenses$302,022$100,216$0$402,238

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$402,238
Total Expenses per Audited Statements$402,238
Total Expenses per Form 990$402,238
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$22,365
Accrued Interest Payable$1,713
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Abilene housing, inc. (ahi) is affiliated with memorial health systems (mhs). Ahi entered into an agreement with mhs for management services. Mhs is responsible for appointing members to ahi's board of director's. However, mhs's accountantability does not extend beyond making the appointments, and they make no appropriations to ahi. Ahi and frontier estates project pay a management fee to memorial health systems on a contractual basis for the management of ahi's operations.

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared by a cpa firm hired by the organization after the audited financial statements are completed by the same independent cpa firm. A draft of the form 990 is sent to the executive director and management for their review. Once all questions have been resolved, the form 8879 is signed by the executive director giving permission to electronically file the form 990 with the appropriate agency.

Form 990, Page 6, Part VI, Line 12C

The organization gives out the personnel policy to all employees, which includes the conflict of interest policy. There is no formal monitoring process, however because of the size of the organization and the nature of the business. Management is aware of any potential conflicts of interest and are able to enforce compliance in a timely manner.

Form 990, Page 6, Part VI, Line 19

The form 990 is made public and available through an independent website, www.guidestar.com. Also all documents, form 990, financial statements, etc are available upon request by sending a request to management of the agency who then determines if the documents can or will be made public. Legal counsel may be sought if needed in determining what is made public.

Filing and Contact Details

Filer

Filer Name
Abilene Housing Inc
EIN
48-0853525
Phone
7852631098
Address
601 N BUCKEYE, ABILENE, KS 67410

Signing Officer

Name
Sally Nelson
Title
Manager
Phone
7852631098
Signed
2016-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sally Nelson
Formed
1978
Legal Domicile
Ks
Voting Board Members
4
Independent Board Members
4
Employees
13

Preparer

Firm
Reese & Novelly Pa
Address
555 POYNTZ SUITE 231, MANHATTAN, KS 66502
Preparer
Carol E Mccullough CPA
Phone
7857708954
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Abilene housing, inc. Was formed and organized as a kansas not-for-profit corporation to provide housing for the low-income elderly. Frontier estates provides activities, services and programs to enrich and enhance the lives of the tenants. The environment also provides the tenants who are similar in age, companionship with others who have similar interests and experiences.

Form 990, Page 2, Part III, Line 4D

Frontier estates: provides an independent living facility (60 apartment units) to house the low-income elderly. Funding for the low-income is provided through section 8 housing payments from the department of housing and urban development (hud).

Form 990, Part IX, Line 24E

Grounds contract/supplies 7,066 0 0 apartment rehab mtrl/labr 6,860 0 0 cable 5,439 0 0 telephone 5,044 0 0 housekeeping/janitorial 5,017 0 0 ahi - social fund supply 4,791 0 0 appliances 3,331 0 0 elevator contract 3,327 0 0 htg/ac repair 2,681 0 0 trash contract 2,285 0 0 tenant activities 2,209 0 0 pest control contract 1,845 0 0 emergency system contract 1,427 0 0 plumbing contract/materia 770 0 0 admin contract labor 374 0 0 public area rehab matr/lb 163 0 0 repairs 111 0 0 licenses, permits, taxes 90 0 0

Financial Statement Notes

Schedule D, Page 3, Part X

Financial accounting standards board (fasb) accounting standards codification (asc) 740-10-05 clarifies the accounting for uncertainty in income taxes recognized in an enterprises financial statements. This topic prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This topic also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The foundation has not identified any uncertainties in federal or state income taxes for any open tax years as of september 30, 2014. The ahi is no longer subject to federal and state tax examinations by tax authorities for years before 2011. No authorities have commenced income tax examinations as of september 30, 2014.

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IRS990/ProgramServiceRevenueGrp/Desc4LOSS OF RENT REIMBURSEMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0451201
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114139
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29286
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt37755
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt42123
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0451201
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114139
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29286
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt37755
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42123
IRS990/ProgSrvcAccomActy2Grp/Desc0ABILENE HOUSING (SOCIAL FUND): PROVIDES THE RESIDENTS WITH A LARGE COMMUNITY ROOM AND ALLOWS FOR SOCIAL AFFAIRS, FAMILY GATHERINGS, AND SPECIAL ENTERTAINMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04968
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt023800
IRS990/ProgSrvcAccomActyOtherGrp/Desc0FRONTIER ESTATES: PROVIDES AN INDEPENDENT LIVING FACILITY (60 APARTMENT UNITS) TO HOUSE THE LOW-INCOME ELDERLY. FUNDING FOR THE LOW-INCOME IS PROVIDED THROUGH SECTION 8 HOUSING PAYMENTS FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYOtherExpensesAmt0355742
IRS990/PYOtherRevenueAmt0840
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IRS990/PYSalariesCompEmpBnftPaidAmt049326
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IRS990/PYTotalRevenueAmt0466732
IRS990/ReconcilationRevenueExpnssAmt0100065
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0486304
IRS990/SavingsAndTempCashInvstGrp/BOYAmt032977
IRS990/SavingsAndTempCashInvstGrp/EOYAmt038361
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0634
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01136
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01188
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt014803
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt019423
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08117
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01898
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01647
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01678
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02426
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt015766
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0510104
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0466098
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0482194
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0454459
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0454017
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02366872
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08117
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01678
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02426
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IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportCY509Pct00.60010
IRS990ScheduleA/PublicSupportPY509Pct00.61230
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0208824
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0187649
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0185737
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0191091
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0171549
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0944850
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0208824
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0187649
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0185737
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0191091
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0171549
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0944850
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0511766
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0466732
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0483330
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0455647
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0468820
IRS990ScheduleA/Total509Grp/TotalAmt02386295
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0519883
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0468630
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0484977
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0457325
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0471246
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02402061
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0479090
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0984031
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01463121
IRS990ScheduleD/EquipmentGrp/BookValueAmt0289
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029342
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029631
IRS990ScheduleD/ExpensesSubtotalAmt0402238
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0107414
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0107414
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-4438
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0423346
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0356294
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0779640
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022365
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11713
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt077268
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt168103
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MUTUAL FUNDS - FRANKLIN CUSTODIAN
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MUTUAL FUNDS - MUTUAL SERIES FD
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0-4438
IRS990ScheduleD/RevenueSubtotalAmt0502303
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10-05 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISES FINANCIAL STATEMENTS. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS TOPIC ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE FOUNDATION HAS NOT IDENTIFIED ANY UNCERTAINTIES IN FEDERAL OR STATE INCOME TAXES FOR ANY OPEN TAX YEARS AS OF SEPTEMBER 30, 2014. THE AHI IS NO LONGER SUBJECT TO FEDERAL AND STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011. NO AUTHORITIES HAVE COMMENCED INCOME TAX EXAMINATIONS AS OF SEPTEMBER 30, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01010139
IRS990ScheduleD/TotalBookValueSecuritiesAmt0145371
IRS990ScheduleD/TotalExpensesPerForm990Amt0402238
IRS990ScheduleD/TotalLiabilityAmt024078
IRS990ScheduleD/TotalRevenuePerForm990Amt0502303
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0497865
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0402238
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ABILENE HOUSING, INC. WAS FORMED AND ORGANIZED AS A KANSAS NOT-FOR-PROFIT CORPORATION TO PROVIDE HOUSING FOR THE LOW-INCOME ELDERLY. FRONTIER ESTATES PROVIDES ACTIVITIES, SERVICES AND PROGRAMS TO ENRICH AND ENHANCE THE LIVES OF THE TENANTS. THE ENVIRONMENT ALSO PROVIDES THE TENANTS WHO ARE SIMILAR IN AGE, COMPANIONSHIP WITH OTHERS WHO HAVE SIMILAR INTERESTS AND EXPERIENCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FRONTIER ESTATES: PROVIDES AN INDEPENDENT LIVING FACILITY (60 APARTMENT UNITS) TO HOUSE THE LOW-INCOME ELDERLY. FUNDING FOR THE LOW-INCOME IS PROVIDED THROUGH SECTION 8 HOUSING PAYMENTS FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ABILENE HOUSING, INC. (AHI) IS AFFILIATED WITH MEMORIAL HEALTH SYSTEMS (MHS). AHI ENTERED INTO AN AGREEMENT WITH MHS FOR MANAGEMENT SERVICES. MHS IS RESPONSIBLE FOR APPOINTING MEMBERS TO AHI'S BOARD OF DIRECTOR'S. HOWEVER, MHS'S ACCOUNTANTABILITY DOES NOT EXTEND BEYOND MAKING THE APPOINTMENTS, AND THEY MAKE NO APPROPRIATIONS TO AHI. AHI AND FRONTIER ESTATES PROJECT PAY A MANAGEMENT FEE TO MEMORIAL HEALTH SYSTEMS ON A CONTRACTUAL BASIS FOR THE MANAGEMENT OF AHI'S OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PREPARED BY A CPA FIRM HIRED BY THE ORGANIZATION AFTER THE AUDITED FINANCIAL STATEMENTS ARE COMPLETED BY THE SAME INDEPENDENT CPA FIRM. A DRAFT OF THE FORM 990 IS SENT TO THE EXECUTIVE DIRECTOR AND MANAGEMENT FOR THEIR REVIEW. ONCE ALL QUESTIONS HAVE BEEN RESOLVED, THE FORM 8879 IS SIGNED BY THE EXECUTIVE DIRECTOR GIVING PERMISSION TO ELECTRONICALLY FILE THE FORM 990 WITH THE APPROPRIATE AGENCY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION GIVES OUT THE PERSONNEL POLICY TO ALL EMPLOYEES, WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. THERE IS NO FORMAL MONITORING PROCESS, HOWEVER BECAUSE OF THE SIZE OF THE ORGANIZATION AND THE NATURE OF THE BUSINESS. MANAGEMENT IS AWARE OF ANY POTENTIAL CONFLICTS OF INTEREST AND ARE ABLE TO ENFORCE COMPLIANCE IN A TIMELY MANNER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS MADE PUBLIC AND AVAILABLE THROUGH AN INDEPENDENT WEBSITE, WWW.GUIDESTAR.COM. ALSO ALL DOCUMENTS, FORM 990, FINANCIAL STATEMENTS, ETC ARE AVAILABLE UPON REQUEST BY SENDING A REQUEST TO MANAGEMENT OF THE AGENCY WHO THEN DETERMINES IF THE DOCUMENTS CAN OR WILL BE MADE PUBLIC. LEGAL COUNSEL MAY BE SOUGHT IF NEEDED IN DETERMINING WHAT IS MADE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GROUNDS CONTRACT/SUPPLIES 7,066 0 0 APARTMENT REHAB MTRL/LABR 6,860 0 0 CABLE 5,439 0 0 TELEPHONE 5,044 0 0 HOUSEKEEPING/JANITORIAL 5,017 0 0 AHI - SOCIAL FUND SUPPLY 4,791 0 0 APPLIANCES 3,331 0 0 ELEVATOR CONTRACT 3,327 0 0 HTG/AC REPAIR 2,681 0 0 TRASH CONTRACT 2,285 0 0 TENANT ACTIVITIES 2,209 0 0 PEST CONTROL CONTRACT 1,845 0 0 EMERGENCY SYSTEM CONTRACT 1,427 0 0 PLUMBING CONTRACT/MATERIA 770 0 0 ADMIN CONTRACT LABOR 374 0 0 PUBLIC AREA REHAB MATR/LB 163 0 0 REPAIRS 111 0 0 LICENSES, PERMITS, TAXES 90 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0402238
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0542135
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0637762
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0735361
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0641405
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0601 N BUCKEYE
IRS990/USAddress/CityNm0ABILENE
IRS990/USAddress/StateAbbreviationCd0KS
IRS990/USAddress/ZIPCd067410
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.79$1.24$0.59$0.58$0.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$0.87$1.18$0.56$0.60$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.95$1.12$0.52$0.55$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.64$1.10$0.53$0.52$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.72$1.15$0.52$0.49$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.81$1.06$0.57$0.46$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.91$0.96$0.52$0.49$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.99$0.92$0.54$0.47$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.51$0.83$0.51$0.44$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.59$0.74$0.52$0.43$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.32$0.69$0.64$0.50$0.40$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.36$0.82$0.54$0.47$0.41$0.06
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.57$0.46$0.43
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.65$0.41$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.72$0.33$0.46
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.79$0.32$0.43
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