Civic Intelligence

First Step Apartments Inc.

990 • Fiscal year 2014 • EIN 71-0773527

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 17, 2014

Organization ProfileN/A
8101 I-30Malvern, AR 72209

(501) 280-0037

Siviq Scores

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

Liabilities / Assets

44th percentile

0.03x

Higher debt load relative to assets than 44% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

64th percentile

0.11x

Higher debt load relative to revenue than 64% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

33rd percentile

-2.2%

Higher net margin than 33% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

43rd percentile

0.1%

Faster asset growth than 43% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

77th percentile

27%

Faster revenue growth than 77% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$725,172

Up $837 (+0.1%) from 2013

Net Assets

Down

$706,012

Down $3,752 (-0.5%) from 2013

Liabilities

Up

$19,160

Up $4,589 (+31%) from 2013

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin33rd percentile

Revenue

Up

$167,414

Up $35,562 (+27%) from 2013

Expenses

Up

$171,166

Up $15,825 (+10%) from 2013

Net Income

Up

-$3,752

Up $19,737 (+84%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$800K$600K$400K$200K$0Assets 2011: $772,631Liabilities 2011: $21,892Net Assets 2011: $750,7392011Assets 2012: $749,685Liabilities 2012: $16,432Net Assets 2012: $733,2532012Assets 2013: $724,335Liabilities 2013: $14,571Net Assets 2013: $709,7642013Assets 2014: $725,172Liabilities 2014: $19,160Net Assets 2014: $706,0122014Assets 2015: $707,045Liabilities 2015: $19,003Net Assets 2015: $688,0422015Assets 2016: $672,038Liabilities 2016: $17,120Net Assets 2016: $654,9182016Assets 2017: $683,622Liabilities 2017: $17,938Net Assets 2017: $665,6842017Assets 2018: $680,905Liabilities 2018: $13,296Net Assets 2018: $667,6092018Assets 2019: $684,495Liabilities 2019: $30,190Net Assets 2019: $654,3052019Assets 2020: $665,545Liabilities 2020: $28,629Net Assets 2020: $636,9162020Assets 2021: $650,479Liabilities 2021: $26,589Net Assets 2021: $623,8902021Assets 2022: $629,637Liabilities 2022: $35,079Net Assets 2022: $594,5582022Assets 2023: $605,694Liabilities 2023: $27,232Net Assets 2023: $578,4622023Assets 2024: $596,240Liabilities 2024: $28,405Net Assets 2024: $567,8352024Assets 2025: $602,905Liabilities 2025: $65,644Net Assets 2025: $537,2612025

Highlighted filing

2014

Assets$725,172
Liabilities$19,160
Net Assets$706,012
Open 2014 Filing

Operations Trend

Revenue Growth77th percentile

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

$300K$200K$100K$0-$100KExpenses 2011: $249,3792011Expenses 2012: $152,2022012Revenue 2013: $131,852Expenses 2013: $155,341Net Income 2013: -$23,4892013Revenue 2014: $167,414Expenses 2014: $171,166Net Income 2014: -$3,7522014Revenue 2015: $149,821Expenses 2015: $167,791Net Income 2015: -$17,9702015Revenue 2016: $151,992Expenses 2016: $185,116Net Income 2016: -$33,1242016Revenue 2017: $153,821Expenses 2017: $143,055Net Income 2017: $10,7662017Revenue 2018: $158,343Expenses 2018: $156,418Net Income 2018: $1,9252018Revenue 2019: $155,762Expenses 2019: $169,066Net Income 2019: -$13,3042019Revenue 2020: $160,998Expenses 2020: $178,387Net Income 2020: -$17,3892020Revenue 2021: $159,007Expenses 2021: $172,031Net Income 2021: -$13,0242021Revenue 2022: $170,524Expenses 2022: $199,856Net Income 2022: -$29,3322022Revenue 2023: $188,649Expenses 2023: $204,745Net Income 2023: -$16,0962023Revenue 2024: $217,752Expenses 2024: $228,379Net Income 2024: -$10,6272024Revenue 2025: $252,133Expenses 2025: $282,707Net Income 2025: -$30,5742025

Highlighted filing

2014

Revenue$167,414
Expenses$171,166
Net Income-$3,752
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 17, 2014
Return Version
2013v3.1
Gross Receipts
$167,414
Mission and Program Overview

Mission

Provide low-income housing to persons with disabilities located in helena, arkansas in accourdance with u.s. Department of housing and urban development.

Provide low-income housing to persons with disabilities located in helena, arkansas in accordance with u.s. Department of housing and urban development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$657,115$618,922▼ $38,193
Cash and Non-Interest-Bearing Accounts$1,440$11,306▲ $9,866
Prepaid Expenses and Deferred Charges$4,536$4,827▲ $291
Total Assets$724,335$725,172▲ $837
Other Assets Total$61,244$90,117▲ $28,873
Liabilities
Accounts Payable and Accrued Expenses$10,544$15,124▲ $4,580
Other Liabilities$4,027$4,036▲ $9
Total Liabilities$14,571$19,160▲ $4,589
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,007,919$1,007,919→ $0
Unrestricted Net Assets$-298,155$-301,907▼ $3,752
Total Net Assets Fund Balance$709,764$706,012▼ $3,752
Total Liabilities and Net Assets / Fund Balance$724,335$725,172▲ $837

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$568,144$424,627$992,771
Land$49,819-$49,819
Other Land Buildings$959$10,130$11,089
Other Assets Org$4,036--
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
C Carl SchultzPresident
Cynthia KnoerrSecretry
Jeffrey OwensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$167,337
Investment Income
$77
Other Revenue
$0
Change in Net Assets
$-3,752

Audited Revenue Reconciliation

Revenue per Audited Statements
$167,414
Total Revenue per Audited Statements
$167,414
Total Revenue per Form 990
$167,414
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,866
Salaries, Compensation, and Employee Benefits$38,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$25,208$12,986-$38,194
Other Salaries and Wages$23,223$11,963-$35,186
Occupancy$18,508$9,534-$28,042
Fees for Services Management$12,922$6,657-$19,579
Fees for Services Accounting$6,576$3,388-$9,964
Insurance$4,998$2,575-$7,573
Office Expenses$2,687$1,384-$4,071
Payroll Taxes$2,020$1,041-$3,061
Other Expenses$126$65-$191
Other Employee Benefits$35$18-$53
Conferences and Meetings$2$1-$3
Total Functional Expenses$112,969$58,197$0$171,166

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$171,166
Total Expenses per Audited Statements$171,166
Total Expenses per Form 990$171,166
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-OwnerPayrollNo$42,858
-OwnerManagement AgentYes$19,317
-OwnerPayrollNo$340
-OwnerBackground ChecksNo$70
-OwnerStorage ServicesNo$40
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit Liability$4,036
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“C. Carl schultz cynthia knoerr president secretary siblings c. Carl schultz/c knoerr jeffrey owens president treasurer employers and employee”

Form 990, Page 6, Part VI, Line 3

“Day-to-day operations have been delegated to a management agent, intrepid management, inc., who has been approved by the u.s. Department of housing and urban development.”

Form 990, Page 6, Part VI, Line 7A

“The number of the directors of the corporation shall be three (3), who shall elect their successors in the event of a vacancy, and who shall elect the officers of the corporation. All directors and officers shall serve one year terms, but shall serve until their successors are elected.”

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

“Form 990 prepared by an external cpa firm and provided to the board of directors for review and approval prior to filing.”

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

“All related party transactions are disclosed in the annual financial report which is submitted to the u.s. Department of housing and urban development for review and approval.”

Form 990, Page 6, Part VI, Line 19

“Documentation is not available for public view but can be made available upon written request.”

Filing and Contact Details

Filer

EIN
71-0773527
Phone
5012800037

Signing Officer

Name
C Carl Schultz
Title
President
Phone
5012800037
Signed
2014-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Schultz
Formed
1995
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Preparer
Michele Kemp CPA
Phone
5012236934
Raw XML AppendixShowing 400 of 403 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt010544
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt015124
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE LOW-INCOME HOUSING TO PERSONS WITH DISABILITIES LOCATED IN HELENA, ARKANSAS IN ACCORDANCE WITH U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990/AddressChangeInd0X
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10ACAS LLC
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine20ACAS LLC
IRS990/BooksInCareOfDetail/PhoneNum05012236934
IRS990/BooksInCareOfDetail/USAddress/AddressLine1010 CORPORATE HILL DR STE 180
IRS990/BooksInCareOfDetail/USAddress/AddressLine2010 CORPORATE HILL DR STE 180
IRS990/BooksInCareOfDetail/USAddress/City0LITTLE ROCK
IRS990/BooksInCareOfDetail/USAddress/State0AR
IRS990/BooksInCareOfDetail/USAddress/ZIPCode072205
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0true
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01440
IRS990/CashNonInterestBearingGrp/EOYAmt011306
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02
IRS990/ConferencesMeetingsGrp/TotalAmt03
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt077
IRS990/CYOtherExpensesAmt0132866
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0167337
IRS990/CYRevenuesLessExpensesAmt0-3752
IRS990/CYSalariesCompEmpBnftPaidAmt038300
IRS990/CYTotalExpensesAmt0171166
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0167414
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt012986
IRS990/DepreciationDepletionGrp/ProgramServicesAmt025208
IRS990/DepreciationDepletionGrp/TotalAmt038194
IRS990/Desc0PROVIDE LOW-INCOME HOUSING TO PERSONS WITH DISABILITIES LOCATED IN HELENA, ARKANSAS IN ACCORDANCE WITH U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0112969
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03388
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt06576
IRS990/FeesForServicesAccountingGrp/TotalAmt09964
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt06657
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt012922
IRS990/FeesForServicesManagementGrp/TotalAmt019579
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0C CARL SCHULTZ
IRS990/Form990PartVIISectionAGrp/PersonNm1CYNTHIA KNOERR
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFFREY OWENS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETRY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0167414
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02575
IRS990/InsuranceGrp/ProgramServicesAmt04998
IRS990/InsuranceGrp/TotalAmt07573
IRS990/InvestmentIncomeGrp/ExclusionAmt077
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt077
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0434757
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0657115
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0618922
IRS990/LandBldgEquipCostOrOtherBssAmt01053679
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE LOW-INCOME HOUSING TO PERSONS WITH DISABILITIES LOCATED IN HELENA, ARKANSAS IN ACCORDANCE WITH U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0709764
IRS990/NetAssetsOrFundBalancesEOYAmt0706012
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt09534
IRS990/OccupancyGrp/ProgramServicesAmt018508
IRS990/OccupancyGrp/TotalAmt028042
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01384
IRS990/OfficeExpensesGrp/ProgramServicesAmt02687
IRS990/OfficeExpensesGrp/TotalAmt04071
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt061244
IRS990/OtherAssetsTotalGrp/EOYAmt090117
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt035
IRS990/OtherEmployeeBenefitsGrp/TotalAmt053
IRS990/OtherExpensesGrp/Desc0CONTRACTS AND REPAIRS
IRS990/OtherExpensesGrp/Desc1REPAIR SUPPLIES
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS OFFICE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05324
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11901
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21360
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt365
IRS990/OtherExpensesGrp/ProgramServicesAmt010336
IRS990/OtherExpensesGrp/ProgramServicesAmt13689
IRS990/OtherExpensesGrp/ProgramServicesAmt22639
IRS990/OtherExpensesGrp/ProgramServicesAmt3126
IRS990/OtherExpensesGrp/TotalAmt015660
IRS990/OtherExpensesGrp/TotalAmt15590
IRS990/OtherExpensesGrp/TotalAmt23999
IRS990/OtherExpensesGrp/TotalAmt3191
IRS990/OtherLiabilitiesGrp/BOYAmt04027
IRS990/OtherLiabilitiesGrp/EOYAmt04036
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011963
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt023223
IRS990/OtherSalariesAndWagesGrp/TotalAmt035186
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01041
IRS990/PayrollTaxesGrp/ProgramServicesAmt02020
IRS990/PayrollTaxesGrp/TotalAmt03061
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04536
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04827
IRS990/PrincipalOfficerNm0CARL SCHULTZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT AND COLLECTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0167337
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0167337
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0166
IRS990/PYOtherExpensesAmt0120314
IRS990/PYProgramServiceRevenueAmt0131686
IRS990/PYRevenuesLessExpensesAmt0-23489
IRS990/PYSalariesCompEmpBnftPaidAmt035027
IRS990/PYTotalExpensesAmt0155341
IRS990/PYTotalRevenueAmt0131852
IRS990/ReconcilationRevenueExpnssAmt0-3752
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0167337
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0MISCELLANEOUS REVENUE 0
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0PART II, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt05909
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0182263
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0188172
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt077
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0166
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0109
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0150
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0164
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0666
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0167337
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0131686
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0128698
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0129645
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0109238
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0666604
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt077
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0166
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0109
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0150
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0164
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0666
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99920
IRS990ScheduleA/PublicSupportPY509Pct00.99660
IRS990ScheduleA/PublicSupportTotal509Amt0854776
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0167337
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0131686
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0134607
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0311908
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0109238
IRS990ScheduleA/Total509Grp/TotalAmt0854776
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0167414
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0131852
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0134716
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0312058
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0109402
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0855442
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0568144
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0424627
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0992771
IRS990ScheduleD/ExpensesSubtotalAmt0171166
IRS990ScheduleD/LandGrp/BookValueAmt049819
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt049819
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt054212
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt127464
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt24405
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt34036
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0959
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010130
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011089
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04036
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt0167414
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0618922
IRS990ScheduleD/TotalBookValueOtherAssetsAmt090117
IRS990ScheduleD/TotalExpensesPerForm990Amt0171166
IRS990ScheduleD/TotalLiabilityAmt04036
IRS990ScheduleD/TotalRevenuePerForm990Amt0167414
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0167414
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0171166
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine10INTREPID INVESTMENTS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine11INTREPID MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine12UNITED PROPERTIES MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine13ARKANSAS CONS PAYROLL PROCESSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine14JCC I-30 LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine20INTREPID INVESTMENTS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine21INTREPID MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine22UNITED PROPERTIES MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine23ARKANSAS CONS PAYROLL PROCESSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine24JCC I-30 LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1true
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt070
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt119317
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2340
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt342858
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt440
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BACKGROUND CHECKS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MANAGEMENT AGENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2PAYROLL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3PAYROLL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4STORAGE SERVICES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0C. CARL SCHULTZ AND CYNTHIA KNOERR ARE SIBLINGS AND OFFICERS OF THE ENTITY. THEY ARE OWNERS OF INTREPID INVESTMENTS, INC., AND INTREPID MANAGEMENT, INC. C. CARL SCHULTZ IS PRESIDENT OF THE ENTITY AND IS AN OWNER OF UNITED PROPERTIES MANAGEMENT, INC. C. CARL SCHULTZ IS PRESIDENT OF THE ENTITY AND IS SOLE OWNER OF ARKANSAS CONSOLIDATED PAYROLL PROCESSING. SERVICES PROVIDED INCLUDE PAYROLL PROCESSING AND LEASING OF EMPLOYEES. C. CARL SCHULTZ, CYNTHIA KNOERR, AND JEFFREY OWENS ARE EQUAL OWNERS OF THE ENTITY JCC I-30, LLC.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0C. CARL SCHULTZ CYNTHIA KNOERR PRESIDENT SECRETARY SIBLINGS C. CARL SCHULTZ/C KNOERR JEFFREY OWENS PRESIDENT TREASURER EMPLOYERS AND EMPLOYEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DAY-TO-DAY OPERATIONS HAVE BEEN DELEGATED TO A MANAGEMENT AGENT, INTREPID MANAGEMENT, INC., WHO HAS BEEN APPROVED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE NUMBER OF THE DIRECTORS OF THE CORPORATION SHALL BE THREE (3), WHO SHALL ELECT THEIR SUCCESSORS IN THE EVENT OF A VACANCY, AND WHO SHALL ELECT THE OFFICERS OF THE CORPORATION. ALL DIRECTORS AND OFFICERS SHALL SERVE ONE YEAR TERMS, BUT SHALL SERVE UNTIL THEIR SUCCESSORS ARE ELECTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 PREPARED BY AN EXTERNAL CPA FIRM AND PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL RELATED PARTY TRANSACTIONS ARE DISCLOSED IN THE ANNUAL FINANCIAL REPORT WHICH IS SUBMITTED TO THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTATION IS NOT AVAILABLE FOR PUBLIC VIEW BUT CAN BE MADE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01007919
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01007919
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0724335
IRS990/TotalAssetsEOYAmt0725172
IRS990/TotalAssetsGrp/BOYAmt0724335
IRS990/TotalAssetsGrp/EOYAmt0725172
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058197
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0112969
IRS990/TotalFunctionalExpensesGrp/TotalAmt0171166
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014571
IRS990/TotalLiabilitiesEOYAmt019160
IRS990/TotalLiabilitiesGrp/BOYAmt014571
IRS990/TotalLiabilitiesGrp/EOYAmt019160
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0709764
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0706012
IRS990/TotalProgramServiceExpensesAmt0112969
IRS990/TotalProgramServiceRevenueAmt0167337
IRS990/TotalRevenueGrp/ExclusionAmt077
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0167337
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0167414
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0724335
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0725172
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-298155
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-301907
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine108101 I-30
IRS990/USAddress/City0LITTLE ROCK
IRS990/USAddress/State0AR
IRS990/USAddress/ZIPCode072209
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0C CARL SCHULTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05012800037
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-17
ReturnHeader/Filer/BusinessName/BusinessNameLine10FIRST STEP APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0710773527
ReturnHeader/Filer/PhoneNum05012800037
ReturnHeader/Filer/USAddress/AddressLine108101 I-30
ReturnHeader/Filer/USAddress/City0LITTLE ROCK
ReturnHeader/Filer/USAddress/State0AR
ReturnHeader/Filer/USAddress/ZIPCode072209
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274290628
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10ACAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1010 CORPORATE HILL DR STE 180
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0LITTLE ROCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0722054562
ReturnHeader/PreparerPersonGrp/PhoneNum05012236934
ReturnHeader/PreparerPersonGrp/PreparationDt02014-10-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELE KEMP CPA
ReturnHeader/ReturnTs02014-10-17T17:28:43-05:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$725,172
Liabilities
$19,160
Net assets
$706,012
Revenue
$167,414
Expenses
$171,166
Net income
-$3,752
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.03$0.66$5.37$2.52$2.83$0.31
2024Detailed filing. Detailed filing data is available for this year.$5.96$0.28$5.68$2.18$2.28$0.11
2023Detailed filing. Detailed filing data is available for this year.$6.06$0.27$5.78$1.89$2.05$0.16
2022Detailed filing. Detailed filing data is available for this year.$6.30$0.35$5.95$1.71$2.00$0.29
2021Detailed filing. Detailed filing data is available for this year.$6.50$0.27$6.24$1.59$1.72$0.13
2020Detailed filing. Detailed filing data is available for this year.$6.66$0.29$6.37$1.61$1.78$0.17
2019Detailed filing. Detailed filing data is available for this year.$6.84$0.30$6.54$1.56$1.69$0.13
2018Detailed filing. Detailed filing data is available for this year.$6.81$0.13$6.68$1.58$1.56$0.02
2017Detailed filing. Detailed filing data is available for this year.$6.84$0.18$6.66$1.54$1.43$0.11
2016Detailed filing. Detailed filing data is available for this year.$6.72$0.17$6.55$1.52$1.85$0.33
2015Detailed filing. Detailed filing data is available for this year.$7.07$0.19$6.88$1.50$1.68$0.18
2014Detailed filing. Detailed filing data is available for this year.$7.25$0.19$7.06$1.67$1.71$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.24$0.15$7.10$1.32$1.55$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.50$0.16$7.33$1.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.73$0.22$7.51$2.49