Civic Intelligence

Venture Villa II Inc.

990 • Fiscal year 2021 • EIN 73-1486663

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 17, 2022

Organization Profile
901 SE 9thPryor, OK 74361

(918) 488-8485

Siviq Scores

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

Liabilities / Assets

98th percentile

2.20x

Higher debt load relative to assets than 98% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

12.98x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

10th percentile

-24%

Higher net margin than 10% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

19th percentile

-4.0%

Faster asset growth than 19% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

7.2%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$690,875

Down $28,445 (-4.0%) from 2020

Net Assets

Down

-$826,230

Down $27,795 (-3.5%) from 2020

Liabilities

Down

$1,517,105

Down $650 (-0.0%) from 2020

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin10th percentile

Revenue

Up

$116,837

Up $7,812 (+7.2%) from 2020

Expenses

Up

$144,632

Up $2,493 (+1.8%) from 2020

Net Income

Up

-$27,795

Up $5,319 (+16%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2010: $1,073,395Liabilities 2010: $1,499,772Net Assets 2010: -$426,3772010Assets 2011: $1,048,256Liabilities 2011: $1,500,064Net Assets 2011: -$451,8082011Assets 2012: $1,003,032Liabilities 2012: $1,500,073Net Assets 2012: -$497,0412012Assets 2013: $956,449Liabilities 2013: $1,500,259Net Assets 2013: -$543,8102013Assets 2014: $923,989Liabilities 2014: $1,501,382Net Assets 2014: -$577,3932014Assets 2015: $890,581Liabilities 2015: $1,501,058Net Assets 2015: -$610,4772015Assets 2016: $855,248Liabilities 2016: $1,501,762Net Assets 2016: -$646,5142016Assets 2017: $816,857Liabilities 2017: $1,505,121Net Assets 2017: -$688,2642017Assets 2018: $782,917Liabilities 2018: $1,513,789Net Assets 2018: -$730,8722018Assets 2019: $745,661Liabilities 2019: $1,510,982Net Assets 2019: -$765,3212019Assets 2020: $719,320Liabilities 2020: $1,517,755Net Assets 2020: -$798,4352020Assets 2021: $690,875Liabilities 2021: $1,517,105Net Assets 2021: -$826,2302021Assets 2022: $649,890Liabilities 2022: $1,510,104Net Assets 2022: -$860,2142022Assets 2023: $621,648Liabilities 2023: $1,520,922Net Assets 2023: -$899,2742023Assets 2024: $587,010Liabilities 2024: $1,511,563Net Assets 2024: -$924,5532024

Highlighted filing

2021

Assets$690,875
Liabilities$1,517,105
Net Assets-$826,230
Open 2021 Filing

Operations Trend

Revenue Growth44th percentile

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

$200K$100K$0-$100KExpenses 2010: $105,8872010Expenses 2011: $114,3202011Revenue 2012: $90,000Expenses 2012: $135,233Net Income 2012: -$45,2332012Revenue 2013: $88,389Expenses 2013: $122,789Net Income 2013: -$34,4002013Revenue 2014: $89,031Expenses 2014: $122,614Net Income 2014: -$33,5832014Revenue 2015: $87,828Expenses 2015: $120,912Net Income 2015: -$33,0842015Revenue 2016: $89,526Expenses 2016: $125,563Net Income 2016: -$36,0372016Revenue 2017: $89,077Expenses 2017: $130,827Net Income 2017: -$41,7502017Revenue 2018: $103,384Expenses 2018: $145,992Net Income 2018: -$42,6082018Revenue 2019: $109,079Expenses 2019: $143,528Net Income 2019: -$34,4492019Revenue 2020: $109,025Expenses 2020: $142,139Net Income 2020: -$33,1142020Revenue 2021: $116,837Expenses 2021: $144,632Net Income 2021: -$27,7952021Revenue 2022: $120,966Expenses 2022: $154,950Net Income 2022: -$33,9842022Revenue 2023: $117,560Expenses 2023: $156,620Net Income 2023: -$39,0602023Revenue 2024: $129,654Expenses 2024: $154,933Net Income 2024: -$25,2792024

Highlighted filing

2021

Revenue$116,837
Expenses$144,632
Net Income-$27,795
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 17, 2022
Return Version
2021v4.2
Gross Receipts
$116,837
Mission and Program Overview

Mission

Low income senior citizen housing

Provide residential apartment complex units for low income elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$670,957$635,185▼ $35,772
Prepaid Expenses and Deferred Charges$9,222$9,595▲ $373
Cash and Non-Interest-Bearing Accounts$83$541▲ $458
Total Assets$719,320$690,875▼ $28,445
Other Assets Total$39,058$45,554▲ $6,496
Liabilities
Other Liabilities$1,500,345$1,500,642▲ $297
Accounts Payable and Accrued Expenses$17,410$16,463▼ $947
Total Liabilities$1,517,755$1,517,105▼ $650
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-798,435$-826,230▼ $27,795
Total Net Assets Fund Balance$-798,435$-826,230▼ $27,795
Total Liabilities and Net Assets / Fund Balance$719,320$690,875▼ $28,445

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$573,349$852,116-
Land$60,000--
Equipment$1,836$20,893-
Other Assets Org$25--
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Nick HarrisPresident
Pat LaneBoard Member
Bob ChambersMember
Burl TrickettMember
Denver BorenMember
James HollerMember
Jennifer FloryMember
Paula GuderianMember
Revenue and Support

Revenue Composition

Contributions and Grants
$32,513
Program Service Revenue
$80,163
Investment Income
$41
Other Revenue
$4,120
Change in Net Assets
$-27,795

Audited Revenue Reconciliation

Revenue per Audited Statements
$116,837
Total Revenue per Audited Statements
$116,837
Total Revenue per Form 990
$116,837
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$112,047
Salaries, Compensation, and Employee Benefits$32,585
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$39,012--$39,012
Other Salaries and Wages$29,902--$29,902
Fees for Services Management$16,200--$16,200
Insurance$14,971--$14,971
Fees for Services Accounting$1,800$5,000-$6,800
Office Expenses$4,673--$4,673
Payroll Taxes$2,683--$2,683
Other Expenses$2,522--$2,522
Advertising$1,047--$1,047
Fees for Services Legal$495--$495
Total Functional Expenses$139,632$5,000$0$144,632

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$144,632
Total Expenses per Audited Statements$144,632
Total Expenses per Form 990$144,632
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Advance$1,491,655
Tenant Security Liability$8,987
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
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

Management duties delegation Part VI line 3

“The organization hires a professional management agent to operate the Project. The management agent reports to the Board of Directors.”

Form 990 governing body review Part VI line 11

“The form is reviewed at regularly scheduled monthly meetings.”

Conflict of interest policy compliance Part VI line 12C

“The Board oversees the activity of the Property Manager who selects contractors and ensures contractors are not related.”

Governing documents etc available to public Part VI line 19

“The governing documents, conflict of interest policy, and financial statements are available upon proper request.”

Filing and Contact Details

Filer

Filer Name
Venture Villa II Inc
EIN
73-1486663
Address
901 SE 9th, Pryor, OK 74361

Signing Officer

Name
Nick Harris
Title
President
Phone
9188251250
Signed
2022-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick Harris
Formed
1995
Legal Domicile
Ok
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
9

Preparer

Firm
John Flusche CPA
Address
5735 E 102nd Street, Tulsa, OK 74137
Preparer
John Flusche
Phone
9182612758
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Venture Villa II is a non-profit organizatin constructed by a $1,491,655 Capital Advance from HUD. All operations of Venture Villa II are subject to the Capital Advance agreement and the Regulatory Agreement as directed by HUD.
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt078259
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt077221
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt074363
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0852116
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IRS990ScheduleD/EquipmentGrp/BookValueAmt01836
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020893
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt060000
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt325
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Escrow Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Replacement Reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Residual Receipts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08987
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11491655
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Capital Advance
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt045554
IRS990ScheduleD/TotalExpensesPerForm990Amt0144632
IRS990ScheduleD/TotalLiabilityAmt01500642
IRS990ScheduleD/TotalRevenuePerForm990Amt0116837
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization hires a professional management agent to operate the Project. The management agent reports to the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The form is reviewed at regularly scheduled monthly meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board oversees the activity of the Property Manager who selects contractors and ensures contractors are not related.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents, conflict of interest policy, and financial statements are available upon proper request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt02
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IRS990/TotalLiabilitiesGrp/EOYAmt01517105
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Nick Harris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09188251250
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Venture Villa II Inc
ReturnHeader/Filer/BusinessNameControlTxt0VENT
ReturnHeader/Filer/EIN0731486663
ReturnHeader/Filer/USAddress/AddressLine1Txt0901 SE 9th
ReturnHeader/Filer/USAddress/CityNm0Pryor
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074361
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731513650
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0John Flusche CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05735 E 102nd Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tulsa

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$690,875
Liabilities
$1,517,105
Net assets
-$826,230
Revenue
$116,837
Expenses
$144,632
Net income
-$27,795
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.59$1.51$0.92$0.13$0.15$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.62$1.52$0.90$0.12$0.16$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.65$1.51$0.86$0.12$0.15$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.69$1.52$0.83$0.12$0.14$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.72$1.52$0.80$0.11$0.14$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.75$1.51$0.77$0.11$0.14$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.78$1.51$0.73$0.10$0.15$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.82$1.51$0.69$0.09$0.13$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.86$1.50$0.65$0.09$0.13$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.89$1.50$0.61$0.09$0.12$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.92$1.50$0.58$0.09$0.12$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.96$1.50$0.54$0.09$0.12$0.03
2012Summary only. Only limited summary data is available for this year.$1.00$1.50$0.50$0.09$0.14$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$1.50$0.45$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$1.50$0.43$0.11