Civic Intelligence

First Step Apartments Inc.

990 • Fiscal year 2015 • EIN 71-0773527

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 15, 2015

Organization ProfileN/A
8101 I-30 Suite ALittle Rock, AR 72209

(501) 280-0037

Siviq Scores

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

Liabilities / Assets

45th percentile

0.03x

Higher debt load relative to assets than 45% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.13x

Higher debt load relative to revenue than 67% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

35th percentile

-2.5%

Faster asset growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

24th percentile

-11%

Faster revenue growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$707,045

Down $18,127 (-2.5%) from 2014

Net Assets

Down

$688,042

Down $17,970 (-2.5%) from 2014

Liabilities

Down

$19,003

Down $157 (-0.8%) from 2014

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin19th percentile

Revenue

Down

$149,821

Down $17,593 (-11%) from 2014

Expenses

Down

$167,791

Down $3,375 (-2.0%) from 2014

Net Income

Down

-$17,970

Down $14,218 (-379%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2015

Assets$707,045
Liabilities$19,003
Net Assets$688,042
Open 2015 Filing

Operations Trend

Revenue Growth24th 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

2015

Revenue$149,821
Expenses$167,791
Net Income-$17,970
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 15, 2015
Return Version
2014v5.0
Gross Receipts
$149,821
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$618,922$580,729▼ $38,193
Cash and Non-Interest-Bearing Accounts$11,306$4,171▼ $7,135
Prepaid Expenses and Deferred Charges$4,827$4,062▼ $765
Accounts Receivable-$272-
Total Assets$725,172$707,045▼ $18,127
Other Assets Total$90,117$117,811▲ $27,694
Liabilities
Accounts Payable and Accrued Expenses$15,124$14,921▼ $203
Other Liabilities$4,036$4,082▲ $46
Total Liabilities$19,160$19,003▼ $157
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,007,919$1,007,919→ $0
Unrestricted Net Assets$-301,907$-319,877▼ $17,970
Total Net Assets Fund Balance$706,012$688,042▼ $17,970
Total Liabilities and Net Assets / Fund Balance$725,172$707,045▼ $18,127

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$530,238$462,533$992,771
Land$49,819-$49,819
Equipment$672$10,417$11,089
Other Assets Org$4,096--
Compensation and Service Providers
Top Officer Pay49th 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
$149,714
Investment Income
$107
Other Revenue
$0
Change in Net Assets
$-17,970

Audited Revenue Reconciliation

Revenue per Audited Statements
$149,821
Total Revenue per Audited Statements
$149,821
Total Revenue per Form 990
$149,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,378
Salaries, Compensation, and Employee Benefits$35,413
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$25,207$12,986-$38,193
Other Salaries and Wages$20,927$10,781-$31,708
Occupancy$17,103$8,810-$25,913
Fees for Services Management$11,590$5,971-$17,561
Fees for Services Accounting$6,869$3,539-$10,408
Insurance$5,152$2,654-$7,806
Office Expenses$3,813$1,964-$5,777
Payroll Taxes$1,983$1,021-$3,004
Other Expenses$1,482$763-$2,245
Other Employee Benefits$463$238-$701
All Other Expenses$83$43-$126
Conferences and Meetings$13$6-$19
Total Functional Expenses$110,742$57,049$0$167,791

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$167,791
Total Expenses per Audited Statements$167,791
Total Expenses per Form 990$167,791
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$35,489
-OwnerManagement AgentYes$17,605
-SiblingRepair ServicesNo$1,946
-OwnerFlooring SuppliesNo$1,443
-OwnerAdmin ServicesNo$555
-OwnerBackground ChecksNo$125
-OwnerStorage ServicesNo$118
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit Liability$4,082
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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 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

Filer Name
First Step Apartments Inc
EIN
71-0773527
Phone
5012800037
Address
8101 I-30 SUITE A, LITTLE ROCK, AR 72209

Signing Officer

Name
C Carl Schultz
Title
President
Phone
5012800037
Signed
2015-11-15
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
The Kemp Firm LLC
Address
8101 I-30 STE B, LITTLE ROCK, AR 72209-4800
Preparer
Michele Kemp CPA
Phone
5012236943
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0149714
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0167337
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0131686
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0134607
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0311908
IRS990ScheduleA/Total509Grp/TotalAmt0895252
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0149821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0167414
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0131852
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0134716
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0312058
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0895861
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0530238
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0462533
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0992771
IRS990ScheduleD/EquipmentGrp/BookValueAmt0672
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010417
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011089
IRS990ScheduleD/ExpensesSubtotalAmt0167791
IRS990ScheduleD/LandGrp/BookValueAmt049819
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt049819
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt074276
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt132847
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26592
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt34096
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04082
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt0149821
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0580729
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0117811
IRS990ScheduleD/TotalExpensesPerForm990Amt0167791
IRS990ScheduleD/TotalLiabilityAmt04082
IRS990ScheduleD/TotalRevenuePerForm990Amt0149821
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0149821
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0167791
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0INTREPID INVESTMENTS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1INTREPID MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2UNITED PROPERTIES MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt3ARKANSAS CONS PAYROLL PROCESSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt4JCC I-30 LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt5CERTIFIED HEAT & AIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt6INTREPID FLORING INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt0INTREPID INVESTMENTS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt1INTREPID MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt2UNITED PROPERTIES MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt3ARKANSAS CONS PAYROLL PROCESSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt4JCC I-30 LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt5CERTIFIED HEAT & AIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt6INTREPID FLOORING INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt5SIBLING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt6OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1true
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd5false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd6false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0125
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt117605
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2555
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt335489
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt4118
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt51946
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt61443
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BACKGROUND CHECKS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MANAGEMENT AGENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2ADMIN SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3PAYROLL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4STORAGE SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc5REPAIR SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc6FLOORING SUPPLIES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0C. CARL SCHULTZ AND CYNTHIA KNOERR ARE SIBLINGS AND OFFICERS OF THE ENTITY. THEY ARE OWNERS OF INTREPID INVESTMENTS, INC., INTREPID MANAGEMENT, INC., AND INTREPID FLOORING 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 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/TotalAssetsBOYAmt0725172
IRS990/TotalAssetsEOYAmt0707045
IRS990/TotalAssetsGrp/BOYAmt0725172
IRS990/TotalAssetsGrp/EOYAmt0707045
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057049
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0110742
IRS990/TotalFunctionalExpensesGrp/TotalAmt0167791
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019160
IRS990/TotalLiabilitiesEOYAmt019003
IRS990/TotalLiabilitiesGrp/BOYAmt019160
IRS990/TotalLiabilitiesGrp/EOYAmt019003
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0706012
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0688042
IRS990/TotalProgramServiceExpensesAmt0110742
IRS990/TotalProgramServiceRevenueAmt0149714
IRS990/TotalRevenueGrp/ExclusionAmt0107
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0149714
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0149821
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0725172
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0707045
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-301907
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-319877
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08101 I-30 SUITE A
IRS990/USAddress/CityNm0LITTLE ROCK
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072209
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0C CARL SCHULTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05012800037
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST STEP APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0710773527

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$707,045
Liabilities
$19,003
Net assets
$688,042
Revenue
$149,821
Expenses
$167,791
Net income
-$17,970
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
Peer Organizations

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