Civic Intelligence

First Step Apartments Inc.

990 • Fiscal year 2020 • EIN 71-0773527

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 01, 2020

Organization ProfileN/A
8101 Interstate 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

49th percentile

0.04x

Higher debt load relative to assets than 49% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

68th percentile

0.18x

Higher debt load relative to revenue than 68% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

23rd percentile

-11%

Higher net margin than 23% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

25th percentile

-2.8%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

3.4%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$665,545

Down $18,950 (-2.8%) from 2019

Net Assets

Down

$636,916

Down $17,389 (-2.7%) from 2019

Liabilities

Down

$28,629

Down $1,561 (-5.2%) from 2019

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin23rd percentile

Revenue

Up

$160,998

Up $5,236 (+3.4%) from 2019

Expenses

Up

$178,387

Up $9,321 (+5.5%) from 2019

Net Income

Down

-$17,389

Down $4,085 (-31%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2020

Assets$665,545
Liabilities$28,629
Net Assets$636,916
Open 2020 Filing

Operations Trend

Revenue Growth57th 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

2020

Revenue$160,998
Expenses$178,387
Net Income-$17,389
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 1, 2020
Return Version
2019v5.0
Gross Receipts
$160,998
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$491,708$464,585▼ $27,123
Cash and Non-Interest-Bearing Accounts$9,695$845▼ $8,850
Accounts Receivable$1,030$636▼ $394
Total Assets$684,495$665,545▼ $18,950
Other Assets Total$182,062$199,479▲ $17,417
Liabilities
Accounts Payable and Accrued Expenses$25,664$24,223▼ $1,441
Other Liabilities$4,446$4,352▼ $94
Deferred Revenue$80$54▼ $26
Total Liabilities$30,190$28,629▼ $1,561
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,007,919$1,007,919→ $0
Net Assets Without Donor Restrictions$-353,614$-371,003▼ $17,389
Total Net Assets Fund Balance$654,305$636,916▼ $17,389
Total Liabilities and Net Assets / Fund Balance$684,495$665,545▼ $18,950

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$414,766$609,005$1,023,771
Land$49,819-$49,819
Equipment-$11,089$11,089
Other Assets Org$4,981--
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
C Carl SchultzPresident
Cynthia KnoerrSecretary
Jeffrey OwensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$160,812
Investment Income
$186
Other Revenue
$0
Change in Net Assets
$-17,389

Audited Revenue Reconciliation

Revenue per Audited Statements
$160,998
Total Revenue per Audited Statements
$160,998
Total Revenue per Form 990
$160,998
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$141,768
Salaries, Compensation, and Employee Benefits$36,619
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$33,679--$33,679
Occupancy$27,843--$27,843
Depreciation Depletion$27,123--$27,123
Fees for Services Management-$18,704-$18,704
All Other Expenses$12,493$622-$13,115
Fees for Services Accounting-$8,635-$8,635
Insurance$8,039--$8,039
Other Expenses$6,697--$6,697
Office Expenses$5,365--$5,365
Payroll Taxes$2,940--$2,940
Fees for Services Legal$578--$578
Conferences and Meetings-$376-$376
Advertising$300--$300
Total Functional Expenses$150,050$28,337$0$178,387

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$178,387
Total Expenses per Audited Statements$178,387
Total Expenses per Form 990$178,387
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
Arkansas Cons Payroll ProcessingOwnerPayrollNo$42,178
Intrepid Management IncOwnerManagement AgentYes$18,790
Certified Heat AirSiblingHeat and Air RepairNo$7,724
United Properties Management IncOwnerAdmin ServicesNo$1,132
Intrepid Management IncOwnerAdmin ServicesNo$165
Intrepid Investments IncOwnerBackground ChecksNo$70
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Dep (contra)$4,352
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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 employer 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 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 INTERSTATE 30 SUITE A, LITTLE ROCK, AR 72209

Signing Officer

Name
C Carl Schultz
Title
President
Phone
5012800037
Signed
2020-09-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
C Carl Schultz
Formed
1995
Legal Domicile
Ar
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Fleet Firm
Address
759 TEALWOOD LN, CORDOVA, TN 38018-6334
Preparer
Nelson K Fleet CPA
Phone
9013364602
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0158213
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0153692
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0151874
IRS990ScheduleA/Total509Grp/TotalAmt0780192
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0160998
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0155762
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0158343
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0153821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0151992
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0780916
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0414766
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0609005
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01023771
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011089
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011089
IRS990ScheduleD/ExpensesSubtotalAmt0178387
IRS990ScheduleD/LandGrp/BookValueAmt049819
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt049819
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0174889
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt113598
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26011
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt34981
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW ACCOUNTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3SECURITY DEPOSIT CASH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEP (CONTRA)
IRS990ScheduleD/RevenueSubtotalAmt0160998
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0464585
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0199479
IRS990ScheduleD/TotalExpensesPerForm990Amt0178387
IRS990ScheduleD/TotalLiabilityAmt04352
IRS990ScheduleD/TotalRevenuePerForm990Amt0160998
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0160998
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0178387
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0INTREPID INVESTMENTS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1INTREPID MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2INTREPID MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3UNITED PROPERTIES MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4ARKANSAS CONS PAYROLL PROCESSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm5CERTIFIED HEAT AIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt5SIBLING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1true
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd5false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt070
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt118790
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2165
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt31132
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt442178
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt57724
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BACKGROUND CHECKS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MANAGEMENT AGENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2ADMIN SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3ADMIN SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4PAYROLL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc5HEAT AND AIR REPAIR
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 IS THE PRESIDENT OF THE ENTITY. HIS BROTHER IS THE SOLE OWNER OF CERTIFIED HEAT & AIR.
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 EMPLOYER 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 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0684495
IRS990/TotalAssetsEOYAmt0665545
IRS990/TotalAssetsGrp/BOYAmt0684495
IRS990/TotalAssetsGrp/EOYAmt0665545
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028337
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0150050
IRS990/TotalFunctionalExpensesGrp/TotalAmt0178387
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030190
IRS990/TotalLiabilitiesEOYAmt028629
IRS990/TotalLiabilitiesGrp/BOYAmt030190
IRS990/TotalLiabilitiesGrp/EOYAmt028629
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0654305
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0636916
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0-1407
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0-1407
IRS990/TotalProgramServiceExpensesAmt0150050
IRS990/TotalProgramServiceRevenueAmt0160812
IRS990/TotalRevenueGrp/ExclusionAmt0186
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0160812
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0160998
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0684495
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0665545
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08101 INTERSTATE 30 SUITE A
IRS990/USAddress/CityNm0LITTLE ROCK
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072209
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0C CARL SCHULTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05012800037
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST STEP APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0710773527
ReturnHeader/Filer/PhoneNum05012800037
ReturnHeader/Filer/USAddress/AddressLine1Txt08101 INTERSTATE 30 SUITE A
ReturnHeader/Filer/USAddress/CityNm0LITTLE ROCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072209
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03EDBB9476A821F174E80D440E74C30F968D44D01
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03EDBB9476A821F174E80D440E74C30F968D44D01
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.38.98.93
ReturnHeader/FilingSecurityInformation/IPDt02020-09-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:55:40
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621868414
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FLEET FIRM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0759 TEALWOOD LN

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$665,545
Liabilities
$28,629
Net assets
$636,916
Revenue
$160,998
Expenses
$178,387
Net income
-$17,389
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