Civic Intelligence

Abilene Housing Inc.

990 • Fiscal year 2019 • EIN 48-0853525

Oct 01, 2018 to Sep 30, 2019 • Filed on Jan 31, 2020

601 BuckeyeAbilene, KS 67410

(785) 263-1098

Siviq Scores

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

Liabilities / Assets

81st percentile

0.49x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

1.74x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

60th percentile

7.1%

Higher net margin than 60% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

29th percentile

-2.4%

Faster asset growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

30th percentile

-3.9%

Faster revenue growth than 30% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,865,406

Down $45,275 (-2.4%) from 2018

Net Assets

Up

$957,959

Up $35,449 (+3.8%) from 2018

Liabilities

Down

$907,447

Down $80,724 (-8.2%) from 2018

Revenue

Down

$522,030

Down $21,423 (-3.9%) from 2018

Expenses

Up

$485,176

Up $16,958 (+3.6%) from 2018

Net Income

Down

$36,854

Down $38,381 (-51%) from 2018

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

2019

Assets$1,865,406
Liabilities$907,447
Net Assets$957,959

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

2019

Revenue$522,030
Expenses$485,176
Net Income$36,854
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jan 31, 2020
Return Version
2018v3.2
Gross Receipts
$522,030
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.

To provide housing to low income elderly persons and to provide services specifically designed to meet the physical and social living for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,219,034$1,175,671▼ $43,363
Cash and Non-Interest-Bearing Accounts$409,326$402,713▼ $6,613
Investments Other Securities$226,360$232,469▲ $6,109
Savings and Temporary Cash Investments$33,078$33,233▲ $155
Total Assets$1,910,681$1,865,406▼ $45,275
Other Assets Total$22,883$21,320▼ $1,563
Liabilities
Unsecured Notes Loans Payable$945,595$854,887▼ $90,708
Other Liabilities$25,252$27,984▲ $2,732
Accounts Payable and Accrued Expenses$17,324$24,576▲ $7,252
Total Liabilities$988,171$907,447▼ $80,724
Net Assets / Fund Balance
Unrestricted Net Assets$922,510$957,959▲ $35,449
Total Net Assets Fund Balance$922,510$957,959▲ $35,449
Total Liabilities and Net Assets / Fund Balance$1,910,681$1,865,406▼ $45,275

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$892,704$1,687,872$2,580,576
Other Land Buildings$175,553-$175,553
Land$107,414-$107,414
Other Securities$232,469--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Dennis BiggsChairman
R Harold CourtoisPresident/se
Andrea TaylorBoard Member
Elgin GlanzerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$561
Program Service Revenue
$504,737
Investment Income
$9,840
Other Revenue
$6,892
All Other Contributions
$561
Change in Net Assets
$36,854

Audited Revenue Reconciliation

Revenue per Audited Statements
$522,030
Total Revenue per Audited Statements
$522,030
Total Revenue per Form 990
$522,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$429,601
Salaries, Compensation, and Employee Benefits$55,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$121,399-$121,399
Fees for Services Management$57,260$14,315-$71,575
Other Salaries and Wages$51,110--$51,110
Interest-$29,292-$29,292
Insurance$8,593--$8,593
Fees for Services Accounting$8,185--$8,185
Information Technology$6,475--$6,475
All Other Expenses$4,566--$4,566
Other Expenses$4,271--$4,271
Payroll Taxes$4,064--$4,064
Advertising$2,835--$2,835
Office Expenses$2,635--$2,635
Conferences and Meetings$730--$730
Other Employee Benefits$401--$401
Fees for Services Legal$330--$330
Total Functional Expenses$320,170$165,006$0$485,176

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$485,176
Total Expenses per Audited Statements$485,176
Total Expenses per Form 990$485,176
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$20,990
Payroll Liabilities$5,815
Accrued Interest Payable$1,179
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. 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 BUCKEYE, ABILENE, KS 67410

Signing Officer

Name
Elgin Glanzer
Title
Treasurer
Phone
7852631098
Signed
2020-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
R Harold Courtois
Formed
1978
Legal Domicile
Ks
Voting Board Members
4
Independent Board Members
4
Employees
10
Volunteers
6

Preparer

Firm
Reese & Novelly Pa
Address
514 LINCOLN, WAMEGO, KS 66547-1634
Preparer
Nicholas J Novelly CPA
Phone
7854562000
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 1, Part I, Line 6

One volunteer helps serve and clean up for monthly resident dinners. Schick program volunteer helps residents figure out which insurance rx program works best for them. The other volunteers are residents and help or lead the following activities: exercise, sunday chapel service, bingo callers and prize shoppers, weekend trash duty, and delivering newspapers to residents apartments.

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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01687872
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IRS990ScheduleD/ExpensesSubtotalAmt0485176
IRS990ScheduleD/LandGrp/BookValueAmt0107414
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0107414
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0175553
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0175553
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020990
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15815
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21179
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0232469
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BENJAMIN EDWARDS - MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueSubtotalAmt0522030
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01175671
IRS990ScheduleD/TotalBookValueSecuritiesAmt0232469
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IRS990ScheduleD/TotalLiabilityAmt027984
IRS990ScheduleD/TotalRevenuePerForm990Amt0522030
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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/ExplanationTxt1ONE VOLUNTEER HELPS SERVE AND CLEAN UP FOR MONTHLY RESIDENT DINNERS. SCHICK PROGRAM VOLUNTEER HELPS RESIDENTS FIGURE OUT WHICH INSURANCE RX PROGRAM WORKS BEST FOR THEM. THE OTHER VOLUNTEERS ARE RESIDENTS AND HELP OR LEAD THE FOLLOWING ACTIVITIES: EXERCISE, SUNDAY CHAPEL SERVICE, BINGO CALLERS AND PRIZE SHOPPERS, WEEKEND TRASH DUTY, AND DELIVERING NEWSPAPERS TO RESIDENTS APARTMENTS.
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. 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/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ELGIN GLANZER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07852631098
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-31
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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
2019Detailed filing. Detailed filing data is available for this year.$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