Brent Spence Square Apartments Inc.

990PF • Fiscal year 2022 • EIN 61-1183268

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 15, 2023

Organization Profile

111 Brent Spence SqCovington, KY 41011

(859) 581-4445

Siviq Scores

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

0.57x

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

2022 filings • $1M-$5M nonprofits • Source year 2022

3.27x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Source year 2022

-7.6%

Higher net margin than 28% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Source year 2022

Higher top officer pay than 46% of similar nonprofits.

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

2022 filings • $1M-$5M nonprofits • Source year 2022

-2.5%

Faster asset growth than 40% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Annualized from 2021 to 2022

-1.0%

Faster revenue growth than 43% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet

Liabilities / Assets90th percentile

Assets

Flat

$2,671,524

Flat from 2022

Net Assets

$1,154,810

No earlier filing loaded for comparison.

Liabilities

Flat

$1,516,714

Flat from 2022

Revenue And Expenses

Liabilities / Revenue95th percentile Net Margin28th percentile

Revenue

Flat

$464,376

Flat from 2022

Expenses

Flat

$499,803

Flat from 2022

Net Income

Flat

-$35,427

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

Highlighted filing

2022

Assets$2,671,524

Liabilities$1,516,714

Net Assets$1,154,810

Open 2022 Filing

Operations Trend

Revenue Growth43rd percentile

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

Highlighted filing

2022

Revenue$464,376

Expenses$499,803

Net Income-$35,427

Open 2022 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2022 to Dec 31, 2022
Signed: Oct 15, 2023
Return Version: 2022v5.0

Compensation and Service Providers

Top Officer Pay46th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
KAREN HARGETT	Executive Di	-	$0	-	-
DAVID SCHROEDER	Director	-	$0	-	-
GORDON ROLFES	President	-	$0	-	-
OLIVER DITTUS	Director	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Brent Spence Square Apartments Inc
EIN: 61-1183268
Phone: 8595814445
Address: 111 BRENT SPENCE SQ, COVINGTON, KY 41011

Signing Officer

Name: Gordon Rolfes
Title: President
Phone: 8595814445
Signed: 2023-10-15
Discuss with paid preparer: Yes

Preparer

Firm: Miller Mayer Sullivan & Stevens Llp
Address: 2365 HARRODSBURG RD STE A100, LEXINGTON, KY 40504
Preparer: Jan D Marshall CPA
Phone: 8592233095

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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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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	2	PRESIDENT
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LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	0	4400501
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt	0	1812143
MortgagesAndNotesPayableSch/NotePayableGrp/BalanceDueAmt	0	1292812
MortgagesAndNotesPayableSch/NotePayableGrp/LenderNameGrp/PersonNm	0	MORTGAGE
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt	0	56173
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt	1	107611
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt	2	37741
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc	0	ESCROW DEPOSITS
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc	1	RESERVE FOR REPLACEMENTS
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc	2	FINANCING FEES
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt	0	3346
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt	1	123040
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt	2	36169
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt	0	3346
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt	1	123040
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt	2	36169
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	0	77911
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	1	41184
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	2	14184
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	3	25458
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	4	36688
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	5	1500
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	6	100932
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	UTILITIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	3	ADMINISTRATIVE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	4	SUPPLIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	5	OPERATING AND MAINTENANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	6	PARTNERSHIP EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	7	INVESTMENT DEPRECIATION
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	35427
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	0	57
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	77911
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	41184
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	14241
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	3	25458
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	4	72115
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	5	1500
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	6	100932
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt	0	453193
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt	1	11126
OtherIncomeSchedule2/OtherIncomeDetail/Desc	0	RENTAL INCOME
OtherIncomeSchedule2/OtherIncomeDetail/Desc	1	TENANT CHARGES
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	0	453193
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	1	11126
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt	0	125000
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt	1	38636
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt	2	10347
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc	0	LOAN FROM AFFLIATE-PANORAMA
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc	1	TENANT SECURITY DEPOSITS
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc	2	PREPAID RENT
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt	0	125000
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt	1	40094
TaxesSchedule/TaxesDetail/AdjustedNetIncomeAmt	0	6393
TaxesSchedule/TaxesDetail/Amt	0	6393
ReturnHeader/BuildTS	0	2023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	GORDON ROLFES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8595814445
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2023-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	BRENT SPENCE SQUARE APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt	0	BREN
ReturnHeader/Filer/EIN	0	611183268
ReturnHeader/Filer/PhoneNum	0	8595814445
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	111 BRENT SPENCE SQ
ReturnHeader/Filer/USAddress/CityNm	0	COVINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	KY
ReturnHeader/Filer/USAddress/ZIPCd	0	41011
ReturnHeader/IRSResponsiblePrtyInfoCurrInd	0	false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	610866166
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	MILLER MAYER SULLIVAN & STEVENS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	2365 HARRODSBURG RD STE A100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	LEXINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	40504
ReturnHeader/PreparerPersonGrp/PhoneNum	0	8592233095
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2023-09-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	JAN D MARSHALL CPA
ReturnHeader/ReturnTs	0	2023-10-05T10:53:47-04:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	GORDON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	ROLFES
ReturnHeader/TaxPeriodBeginDt	0	2022-01-01
ReturnHeader/TaxPeriodEndDt	0	2022-12-31
ReturnHeader/TaxYr	0	2022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $2,671,524
Liabilities: $1,516,714
Net assets: $1,154,810
Revenue: $464,376
Expenses: $499,803
Net income: -$35,427

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$2.52	$1.40	$1.11	$0.54	$0.58	$0.04
2023Summary only. Only limited summary data is available for this year.	$2.61	$1.45		$0.50	$0.50	$0.00
2022Detailed filing. Detailed filing data is available for this year.	$2.67	$1.52	$1.15	$0.46	$0.50	$0.04
2022Summary only. Only limited summary data is available for this year.	$2.67	$1.52		$0.46	$0.50	$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.74	$1.55	$1.19	$0.47	$0.49	$0.02
2020Detailed filing. Detailed filing data is available for this year.	$2.87	$1.65	$1.21	$0.48	$0.55	$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.92	$1.63	$1.29	$0.45	$0.63	$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.59	$0.18	$0.41	$0.00	$0.09	$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.50	$0.00	$0.50	$0.05	$0.17	$0.12
2016Detailed filing. Detailed filing data is available for this year.	$0.62	$0.00	$0.62	$0.01	$0.10	$0.09
2015Detailed filing. Detailed filing data is available for this year.	$0.71	$0.00	$0.70	$0.04	$0.12	$0.08
2014Detailed filing. Detailed filing data is available for this year.	$0.78	$0.00	$0.78	$0.00	$0.00	$0.00
2013Detailed filing. Detailed filing data is available for this year.	$0.79	$0.00	$0.79	$0.73	$0.00	$0.72
2012Detailed filing. Detailed filing data is available for this year.	$0.06	$0.00	$0.06		$0.00
2011Detailed filing. Detailed filing data is available for this year.	$0.07	$0.00	$0.07		$0.01
2010Detailed filing. Detailed filing data is available for this year.	$0.07	$0.00	$0.07		$0.01