Civic Intelligence

First Step Apartments Inc.

990 • Fiscal year 2023 • EIN 71-0773527

Jul 01, 2022 to Jun 30, 2023 • Filed on Sep 19, 2023

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

59th percentile

0.04x

Higher debt load relative to assets than 59% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.14x

Higher debt load relative to revenue than 72% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

26th percentile

-8.5%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

29th percentile

-3.8%

Faster asset growth than 29% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

54th percentile

11%

Faster revenue growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$605,694

Down $23,943 (-3.8%) from 2022

Net Assets

Down

$578,462

Down $16,096 (-2.7%) from 2022

Liabilities

Down

$27,232

Down $7,847 (-22%) from 2022

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin26th percentile

Revenue

Up

$188,649

Up $18,125 (+11%) from 2022

Expenses

Up

$204,745

Up $4,889 (+2.4%) from 2022

Net Income

Up

-$16,096

Up $13,236 (+45%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2023

Assets$605,694
Liabilities$27,232
Net Assets$578,462
Open 2023 Filing

Operations Trend

Revenue Growth54th 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

2023

Revenue$188,649
Expenses$204,745
Net Income-$16,096
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Sep 19, 2023
Return Version
2022v5.0
Gross Receipts
$188,649
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$410,339$383,215▼ $27,124
Accounts Receivable$1,175$5,972▲ $4,797
Cash and Non-Interest-Bearing Accounts$1,625$2,452▲ $827
Total Assets$629,637$605,694▼ $23,943
Other Assets Total$216,498$214,055▼ $2,443
Liabilities
Accounts Payable and Accrued Expenses$30,820$22,631▼ $8,189
Other Liabilities$4,255$4,210▼ $45
Deferred Revenue$4$391▲ $387
Total Liabilities$35,079$27,232▼ $7,847
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,007,919$1,007,919→ $0
Net Assets Without Donor Restrictions$-413,361$-429,457▼ $16,096
Total Net Assets Fund Balance$594,558$578,462▼ $16,096
Total Liabilities and Net Assets / Fund Balance$629,637$605,694▼ $23,943

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$333,396$690,375$1,023,771
Land$49,819-$49,819
Equipment-$11,089$11,089
Other Assets Org$4,388--
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
C Carl SchultzPresident
Cynthia WheelerSecretary
Jeffrey OwensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$188,407
Investment Income
$242
Other Revenue
$0
Change in Net Assets
$-16,096

Audited Revenue Reconciliation

Revenue per Audited Statements
$188,649
Total Revenue per Audited Statements
$188,649
Total Revenue per Form 990
$188,649
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$166,242
Salaries, Compensation, and Employee Benefits$38,503
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$42,822--$42,822
Other Salaries and Wages$35,508--$35,508
Depreciation Depletion$27,123--$27,123
All Other Expenses$20,358$2,073-$22,431
Fees for Services Management-$22,404-$22,404
Insurance$10,909--$10,909
Fees for Services Accounting-$10,027-$10,027
Office Expenses$5,113--$5,113
Other Expenses$4,497--$4,497
Payroll Taxes$2,995--$2,995
Fees for Services Legal$610--$610
Conferences and Meetings-$469-$469
Total Functional Expenses$169,772$34,973$0$204,745

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$204,745
Total Expenses per Audited Statements$204,745
Total Expenses per Form 990$204,745
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$47,577
Intrepid Management IncOwnerManagement AgentYes$22,404
Certified Heat AirSiblingHeat and Air RepairNo$9,332
Intrepid Management IncOwnerAdmin ServicesNo$3,364
United Properties Management IncOwnerAdmin ServicesNo$351
Intrepid Investments IncOwnerBackground ChecksNo$42
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Dep (contra)$4,210
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 wheeler 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
2023-09-19
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
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Repair materials 4,462 0 0 supplies-appliances 4,248 0 0 auto fuel 2,979 0 0 contracts-exterminating 2,284 0 0 bad debts 0 2,071 0 contracts-janitorial 1,950 0 0 contracts-it services 1,500 0 0 contracts-plumbing 1,325 0 0 supplies-paint 660 0 0 contracts-repairs 429 0 0 contracts - payroll/human 250 0 0 carpet cleaning 133 0 0 contracts-misc 71 0 0 other renting expenses 63 0 0 misc taxes, lic, permit a 4 0 0 bank service charges/nsf 0 2 0 total 20,358 2,073 0”

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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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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0188407
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0158838
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0160812
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0155601
IRS990ScheduleA/Total509Grp/TotalAmt0834078
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0188649
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0170524
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0159007
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0160998
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0155762
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0834940
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0333396
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0690375
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01023771
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011089
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011089
IRS990ScheduleD/ExpensesSubtotalAmt0204745
IRS990ScheduleD/LandGrp/BookValueAmt049819
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt049819
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0197984
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt111683
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt24388
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW ACCOUNTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT CASH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04210
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEP (CONTRA)
IRS990ScheduleD/RevenueSubtotalAmt0188649
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0383215
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0214055
IRS990ScheduleD/TotalExpensesPerForm990Amt0204745
IRS990ScheduleD/TotalLiabilityAmt04210
IRS990ScheduleD/TotalRevenuePerForm990Amt0188649
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0188649
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0204745
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0INTREPID INVESTMENTS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1INTREPID MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2UNITED PROPERTIES MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3ARKANSAS CONS PAYROLL PROCESSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4CERTIFIED HEAT AIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm5INTREPID MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4SIBLING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt5OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1true
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd5false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt042
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt122404
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2351
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt347577
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt49332
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt53364
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BACKGROUND CHECKS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MANAGEMENT AGENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2ADMIN SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3PAYROLL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4HEAT AND AIR REPAIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc5ADMIN SERVICES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0C. CARL SCHULTZ AND CYNTHIA WHEELER 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 WHEELER 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/ExplanationTxt6REPAIR MATERIALS 4,462 0 0 SUPPLIES-APPLIANCES 4,248 0 0 AUTO FUEL 2,979 0 0 CONTRACTS-EXTERMINATING 2,284 0 0 BAD DEBTS 0 2,071 0 CONTRACTS-JANITORIAL 1,950 0 0 CONTRACTS-IT SERVICES 1,500 0 0 CONTRACTS-PLUMBING 1,325 0 0 SUPPLIES-PAINT 660 0 0 CONTRACTS-REPAIRS 429 0 0 CONTRACTS - PAYROLL/HUMAN 250 0 0 CARPET CLEANING 133 0 0 CONTRACTS-MISC 71 0 0 OTHER RENTING EXPENSES 63 0 0 MISC TAXES, LIC, PERMIT A 4 0 0 BANK SERVICE CHARGES/NSF 0 2 0 TOTAL 20,358 2,073 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0629637
IRS990/TotalAssetsEOYAmt0605694
IRS990/TotalAssetsGrp/BOYAmt0629637
IRS990/TotalAssetsGrp/EOYAmt0605694
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034973
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0169772
IRS990/TotalFunctionalExpensesGrp/TotalAmt0204745
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035079
IRS990/TotalLiabilitiesEOYAmt027232
IRS990/TotalLiabilitiesGrp/BOYAmt035079
IRS990/TotalLiabilitiesGrp/EOYAmt027232
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0594558
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0578462
IRS990/TotalProgramServiceExpensesAmt0169772
IRS990/TotalProgramServiceRevenueAmt0188407
IRS990/TotalRevenueGrp/ExclusionAmt0242
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0188407
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0188649
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0629637
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0605694
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0C CARL SCHULTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05012800037
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-19
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/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621868414
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FLEET FIRM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0759 TEALWOOD LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORDOVA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0380186334
ReturnHeader/PreparerPersonGrp/PhoneNum09013364602
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NELSON K FLEET CPA
ReturnHeader/ReturnTs02023-09-25T11:39:14-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0C CARL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHULTZ
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$605,694
Liabilities
$27,232
Net assets
$578,462
Revenue
$188,649
Expenses
$204,745
Net income
-$16,096
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