Civic Intelligence

Good Shepherd Retirement Apartments Incorporated

EIN 51-0205713 • 501(c)4 • Mason City, IA

Profile

To provide rental housing and related facilities and service for use and occupancy by elderly families in mason city, iowa.

302 2nd Street NEMason City, IA 50401-3412

www.goodshepherd-inc.com

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2022

Top Officer Pay

100th percentile

$270,937

Higher top officer pay than 100% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2022

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-100%

Faster revenue growth than 4% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $787,609 (-100%) from 2021

Liabilities

Down

$0

Down $199,310 (-100%) from 2021

Net Assets

Down

$0

Down $588,299 (-100%) from 2021

Revenue

Down

$0

Down $322,571 (-100%) from 2021

Expenses

Up

$538,030

Up $259,090 (+93%) from 2021

Net Income

Down

-$538,030

Down $581,661 (-1333%) from 2021

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $796,175Liabilities 2010: $524,709Net Assets 2010: $271,4662010Assets 2011: $816,297Liabilities 2011: $491,775Net Assets 2011: $324,5222011Assets 2012: $799,583Liabilities 2012: $433,403Net Assets 2012: $366,1802012Assets 2013: $798,555Liabilities 2013: $403,486Net Assets 2013: $395,0692013Assets 2014: $762,190Liabilities 2014: $351,572Net Assets 2014: $410,6182014Assets 2015: $735,576Liabilities 2015: $302,354Net Assets 2015: $433,2222015Assets 2016: $725,948Liabilities 2016: $253,623Net Assets 2016: $472,3252016Assets 2017: $706,091Liabilities 2017: $205,665Net Assets 2017: $500,4262017Assets 2018: $697,836Liabilities 2018: $207,495Net Assets 2018: $490,3412018Assets 2019: $720,575Liabilities 2019: $250,444Net Assets 2019: $470,1312019Assets 2020: $975,507Liabilities 2020: $430,839Net Assets 2020: $544,6682020Assets 2021: $787,609Liabilities 2021: $199,310Net Assets 2021: $588,2992021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2010: $319,973Expenses 2010: $263,073Net Income 2010: $56,9002010Revenue 2011: $325,096Expenses 2011: $272,040Net Income 2011: $53,0562011Expenses 2012: $277,7412012Expenses 2013: $291,5552013Revenue 2014: $314,882Expenses 2014: $299,333Net Income 2014: $15,5492014Revenue 2015: $314,025Expenses 2015: $291,421Net Income 2015: $22,6042015Revenue 2016: $324,105Expenses 2016: $285,002Net Income 2016: $39,1032016Revenue 2017: $324,870Expenses 2017: $296,769Net Income 2017: $28,1012017Revenue 2018: $305,254Expenses 2018: $315,339Net Income 2018: -$10,0852018Revenue 2019: $307,573Expenses 2019: $327,783Net Income 2019: -$20,2102019Revenue 2020: $322,908Expenses 2020: $252,102Net Income 2020: $70,8062020Revenue 2021: $322,571Expenses 2021: $278,940Net Income 2021: $43,6312021Revenue 2022: $0Expenses 2022: $538,030Net Income 2022: -$538,0302022

Highlighted filing

2022

Revenue$0
Expenses$538,030
Net Income-$538,030

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$5.38$5.38
2021Detailed filing. Detailed filing data is available for this year.$7.88$1.99$5.88$3.23$2.79$0.44
2020Detailed filing. Detailed filing data is available for this year.$9.76$4.31$5.45$3.23$2.52$0.71
2019Detailed filing. Detailed filing data is available for this year.$7.21$2.50$4.70$3.08$3.28$0.20
2018Detailed filing. Detailed filing data is available for this year.$6.98$2.07$4.90$3.05$3.15$0.10
2017Detailed filing. Detailed filing data is available for this year.$7.06$2.06$5.00$3.25$2.97$0.28
2016Detailed filing. Detailed filing data is available for this year.$7.26$2.54$4.72$3.24$2.85$0.39
2015Detailed filing. Detailed filing data is available for this year.$7.36$3.02$4.33$3.14$2.91$0.23
2014Detailed filing. Detailed filing data is available for this year.$7.62$3.52$4.11$3.15$2.99$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.99$4.03$3.95$2.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.00$4.33$3.66$2.78
2011Summary only. Only limited summary data is available for this year.$8.16$4.92$3.25$3.25$2.72$0.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.96$5.25$2.71$3.20$2.63$0.57
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jul 31, 2023
Return Version
2021v4.2
Gross Receipts
$0
Mission and Program Overview

Mission

To provide rental housing and related facilities and service for use and occupancy by elderly families in mason city, iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$647,379$0▼ $647,379
Savings and Temporary Cash Investments$77,275$0▼ $77,275
Cash and Non-Interest-Bearing Accounts$54,870$0▼ $54,870
Accounts Receivable$7,405$0▼ $7,405
Prepaid Expenses and Deferred Charges$680$0▼ $680
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$787,609$0▼ $787,609
Other Assets Total-$0-
Liabilities
Other Liabilities$189,176$0▼ $189,176
Accounts Payable and Accrued Expenses$10,134$0▼ $10,134
Total Liabilities$199,310$0▼ $199,310
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$588,299$0▼ $588,299
Total Net Assets Fund Balance$588,299$0▼ $588,299
Total Liabilities and Net Assets / Fund Balance$787,609$0▼ $787,609
Compensation and Service Providers

Board Members and Trustees

NameTitle
Terry SchumakerChair Thru 11/21, Director Eff 12/21
Rev Dan GerriettsSec/tr Thru 11/21, V Chair Eff 12/21
Scott ShipmanV Chair Thru 11/21, Chair Eff 12/21
Amy DixonDirector
Anne ZookDirector
Burton EveristDirector
Connie BleileDirector
Dr Jerrold WhiteDirector
Dr John BoedekerDirector
Jason GevingDirector
Kathryn AldenDirector
Kirk PaulsonDirector
Mason HarmsDirector
Samuel HuntDirector
Scott SmedDirector
Tom DouglasDirector
Anne FlynnDirector Thru 11/21
Mike MoellerDirector Thru 11/21
Rev Matthew MutersDirector Thru 11/21
Tracy MaddenDirector Thru 11/21
Kimber KlevenAdministrator
Ian StockbergerCEO
Les SeltunSec/tr Eff 12/21
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-538,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$538,030
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$538,030--$538,030
Total Functional Expenses$538,030$0$0$538,030
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Good Shepherd Geriatric Center IncMason City, IA501(c)(3)General$98,131
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Members of the corporation are st james lutheran, st paul lutheran, trinity lutheran, our savior lutheran and bethlehem lutheran all in mason city ia; st peter lutheran rockwell ia; zion lutheran clear lake, ia. Other lutheran congregations within 50 miles of mason city iowa may become members by following procedures described in the organization's articles of incorporation.

Form 990, Part VI, Section A, Line 7A

The members of the corporation have two voting delegates, one of whom is the pastor or his/her designate and also has one additional voting delegate for each 400 confirmed members or major fraction thereof over the first 200 confirmed members. Each voting delegate has one vote on any matter to be voted upon at any meeting of the membership.

Form 990, Part VI, Section A, Line 7B

The actions of the board of directors are subject to approval by the members of the corporation because members are allowed to vote on all matters at all meetings.

Form 990, Part VI, Section B, Line 11B

Board members reviewed and approved a draft of form 990 before it was filed.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is monitored by requiring a written statement annually from each board of director and key employee concerning potential conflicts. Board members are excluded from voting on motions when conficts arise.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Good Shepherd Retirement Apartments
EIN
51-0205713
Phone
6414241740
Address
302 2ND STREET NE, MASON CITY, IA 50401-3412

Signing Officer

Name
Ian Stockberger
Title
CEO
Phone
6414241740
Signed
2023-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ian Stockberger
Formed
1966
Legal Domicile
Ia
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17

Preparer

Firm
Rsm US Llp
Address
400 LOCUST STREET SUITE 640, DES MOINES, IA 50309-2354
Preparer
Kathy Fairchild
Phone
5155586600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The assets of good shepherd retirement apartments incorporated were contributed to good shepherd geriatric center inc (a 501(c)(3) organization). The activities of the organization will continue as operations of good shepherd geriatric center inc. Good shepherd retirement apaprtments incorporated was legally dissolved during the tax year.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3SEC/TR THRU 11/21, V CHAIR EFF 12/21
IRS990/Form990PartVIISectionAGrp/TitleTxt4SEC/TR EFF 12/21
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR THRU 11/21, DIRECTOR EFF 12/21
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR THRU 11/21
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR THRU 11/21
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR THRU 11/21
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR THRU 11/21
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
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