Civic Intelligence

Fair Haven West Inc C/O Darwin T Lynner Co Inc

990 • Fiscal year 2017 • EIN 77-0630779

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 31, 2018

Organization ProfileN/A
2930 Bell AvenueDes Moines, IA 50321-1421

(515) 243-8300

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.02x

Higher debt load relative to assets than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.36x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

6th percentile

-52%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

26th percentile

-2.9%

Faster asset growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

42nd percentile

1.6%

Faster revenue growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$2,079,295

Down $61,338 (-2.9%) from 2016

Net Assets

Down

$2,029,974

Down $71,517 (-3.4%) from 2016

Liabilities

Up

$49,321

Up $10,179 (+26%) from 2016

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin6th percentile

Revenue

Up

$137,992

Up $2,239 (+1.6%) from 2016

Expenses

Up

$209,509

Up $22,583 (+12%) from 2016

Net Income

Down

-$71,517

Down $20,344 (-40%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,530,732Liabilities 2010: $12,810Net Assets 2010: $2,517,9222010Assets 2011: $2,458,891Liabilities 2011: $11,708Net Assets 2011: $2,447,1832011Assets 2012: $2,379,154Liabilities 2012: $9,187Net Assets 2012: $2,369,9672012Assets 2013: $2,311,299Liabilities 2013: $9,279Net Assets 2013: $2,302,0202013Assets 2014: $2,237,744Liabilities 2014: $10,732Net Assets 2014: $2,227,0122014Assets 2015: $2,187,584Liabilities 2015: $34,920Net Assets 2015: $2,152,6642015Assets 2016: $2,140,633Liabilities 2016: $39,142Net Assets 2016: $2,101,4912016Assets 2017: $2,079,295Liabilities 2017: $49,321Net Assets 2017: $2,029,9742017Assets 2018: $2,017,872Liabilities 2018: $61,028Net Assets 2018: $1,956,8442018Assets 2019: $1,969,104Liabilities 2019: $57,086Net Assets 2019: $1,912,0182019Assets 2020: $1,933,895Liabilities 2020: $58,144Net Assets 2020: $1,875,7512020Assets 2021: $1,897,762Liabilities 2021: $66,919Net Assets 2021: $1,830,8432021Assets 2022: $1,865,334Liabilities 2022: $106,575Net Assets 2022: $1,758,7592022Assets 2023: $1,772,093Liabilities 2023: $54,881Net Assets 2023: $1,717,2122023Assets 2024: $1,719,295Liabilities 2024: $87,994Net Assets 2024: $1,631,3012024

Highlighted filing

2017

Assets$2,079,295
Liabilities$49,321
Net Assets$2,029,974
Open 2017 Filing

Operations Trend

Revenue Growth42nd percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $172,3932010Expenses 2011: $186,0542011Expenses 2012: $186,3782012Revenue 2013: $119,748Expenses 2013: $187,695Net Income 2013: -$67,9472013Revenue 2014: $121,092Expenses 2014: $196,100Net Income 2014: -$75,0082014Revenue 2015: $124,743Expenses 2015: $199,091Net Income 2015: -$74,3482015Revenue 2016: $135,753Expenses 2016: $186,926Net Income 2016: -$51,1732016Revenue 2017: $137,992Expenses 2017: $209,509Net Income 2017: -$71,5172017Revenue 2018: $139,996Expenses 2018: $213,126Net Income 2018: -$73,1302018Revenue 2019: $153,482Expenses 2019: $198,308Net Income 2019: -$44,8262019Revenue 2020: $158,782Expenses 2020: $195,049Net Income 2020: -$36,2672020Revenue 2021: $152,459Expenses 2021: $197,367Net Income 2021: -$44,9082021Revenue 2022: $140,429Expenses 2022: $212,513Net Income 2022: -$72,0842022Revenue 2023: $162,674Expenses 2023: $204,221Net Income 2023: -$41,5472023Revenue 2024: $149,889Expenses 2024: $235,800Net Income 2024: -$85,9112024

Highlighted filing

2017

Revenue$137,992
Expenses$209,509
Net Income-$71,517
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 31, 2018
Return Version
2017v2.3
Gross Receipts
$137,992
Mission and Program Overview

Mission

Fair haven west apartments, inc. Is an iowa not-for-profit corporation that was organized to construct, own and operate a 29 unit apartment community known as fair haven west apartments located in des moines, iowa. The community is being financed with capital advances insured by the department of housing and urban development under section 202 of the national housing act, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,861,405$1,791,334▼ $70,071
Investments Program Related$243,857$261,376▲ $17,519
Cash and Non-Interest-Bearing Accounts$13,609$9,820▼ $3,789
Prepaid Expenses and Deferred Charges$13,557$8,474▼ $5,083
Total Assets$2,140,633$2,079,295▼ $61,338
Other Assets Total$8,205$8,291▲ $86
Liabilities
Other Liabilities$36,183$47,284▲ $11,101
Accounts Payable and Accrued Expenses$2,786$1,864▼ $922
Deferred Revenue$173$173→ $0
Total Liabilities$39,142$49,321▲ $10,179
Net Assets / Fund Balance
Unrestricted Net Assets$2,101,491$2,029,974▼ $71,517
Total Net Assets Fund Balance$2,101,491$2,029,974▼ $71,517
Total Liabilities and Net Assets / Fund Balance$2,140,633$2,079,295▼ $61,338

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,711,272$691,427$2,402,699
Leasehold Improvements$79,475$107,525$187,000
Equipment$587$106,791$107,378
Investment Program Related Org$46,540--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Jerry EllisPresident
Morry BlankespoorVice President
Elinor BogaardDirector
John Vander WertDirector
Kay De CookDirector
Mary GlendeningSecretary
Robert Van DykeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$41,306
Program Service Revenue
$91,326
Investment Income
$1,147
Other Revenue
$4,213
Change in Net Assets
$-71,517

Audited Revenue Reconciliation

Revenue per Audited Statements
$137,992
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$137,992
Total Revenue per Form 990
$137,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$209,509
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$87,106--$87,106
Depreciation Depletion$70,071--$70,071
Fees for Services Management-$14,786-$14,786
Other Expenses$11,017--$11,017
Fees for Services Accounting-$6,151-$6,151
Office Expenses-$4,937-$4,937
Advertising-$324-$324
Total Functional Expenses$183,311$26,198$0$209,509

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$209,509
Total Expenses per Audited Statements$209,509
Total Expenses per Form 990$209,509
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Residual Receipts Available for Recapture$39,290
Security Deposits$7,994
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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, Part VI, Section A, Line 3

“Fair haven west, inc. Is managed by darwin t. Lynner, inc., a professional property management company. Darwin t. Lynner, inc. Has a project owner's and management agent's certification for multifamily housing projects with the u.s. Department of housing and urban development. Under this certification, hud has approved darwin t. Lynner, inc. To manage the fair haven west apartment community. The management contract encompasses the day to day operations of the project including, but not limited to collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”

Form 990, Part VI, Section B, Line 11B

“The auditing firm sends a draft of the return to the management company. The management company forwards a copy of the return to each board member for their comments prior to filing.”

Form 990, Part VI, Section B, Line 12

“Review the policy on an annual basis with the board of directors to make sure that everyone is in compliance.”

Form 990, Part VI, Section C, Line 19

“The form 990 and all related financial and policy information are made available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Fair Haven West Inc
EIN
77-0630779
Phone
5152438300
Address
2930 BELL AVENUE, DES MOINES, IA 50321-1421

Signing Officer

Name
Jerry Ellis
Title
President
Phone
5152438300
Signed
2018-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Ellis
Formed
2006
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Jessica Cooper
Phone
3178485700
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.”

Raw XML AppendixShowing 400 of 439 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm1MORRY BLANKESPOOR
IRS990/Form990PartVIISectionAGrp/PersonNm2MARY GLENDENING
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt091326
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt091326
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt040978
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0825
IRS990/PYOtherExpensesAmt0186926
IRS990/PYOtherRevenueAmt03264
IRS990/PYProgramServiceRevenueAmt090686
IRS990/PYRevenuesLessExpensesAmt0-51173
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0186926
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0135753
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-71517
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt081
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt091326
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt041306
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt040978
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt027422
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt025258
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt018107
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0153071
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01228
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0987
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01051
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01113
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0982
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05361
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt091326
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt090686
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt093229
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt091503
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt096187
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0462931
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01228
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0987
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01113
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0982
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05361
IRS990ScheduleA/InvestmentIncomeCYPct00.00840
IRS990ScheduleA/InvestmentIncomePYPct00.00910
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04132
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03102
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03041
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03218
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04472
IRS990ScheduleA/OtherIncome509Grp/TotalAmt017965
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96350
IRS990ScheduleA/PublicSupportPY509Pct00.95990
IRS990ScheduleA/PublicSupportTotal509Amt0616002
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0132632
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0131664
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0120651
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0116761
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0114294
IRS990ScheduleA/Total509Grp/TotalAmt0616002
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0137992
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0135753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0124743
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0121092
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0119748
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0639328
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01711272
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0691427
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02402699
IRS990ScheduleD/EquipmentGrp/BookValueAmt0587
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0106791
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0107378
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0209509
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0214836
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt146540
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVE REPLACEMENT FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt079475
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0107525
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0187000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07994
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt139290
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESIDUAL RECEIPTS AVAILABLE FOR RECAPTURE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0137992
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01791334
IRS990ScheduleD/TotalBookValueProgramRltdAmt0261376
IRS990ScheduleD/TotalExpensesPerForm990Amt0209509
IRS990ScheduleD/TotalLiabilityAmt047284
IRS990ScheduleD/TotalRevenuePerForm990Amt0137992
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0137992
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0209509
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FAIR HAVEN WEST, INC. IS MANAGED BY DARWIN T. LYNNER, INC., A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. DARWIN T. LYNNER, INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED DARWIN T. LYNNER, INC. TO MANAGE THE FAIR HAVEN WEST APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS IN COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02140633
IRS990/TotalAssetsEOYAmt02079295
IRS990/TotalAssetsGrp/BOYAmt02140633
IRS990/TotalAssetsGrp/EOYAmt02079295
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt041306
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026198
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0183311
IRS990/TotalFunctionalExpensesGrp/TotalAmt0209509
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt039142
IRS990/TotalLiabilitiesEOYAmt049321
IRS990/TotalLiabilitiesGrp/BOYAmt039142
IRS990/TotalLiabilitiesGrp/EOYAmt049321
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02101491
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02029974
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0183311
IRS990/TotalProgramServiceRevenueAmt091326
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05360
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt091326
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0137992
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02140633
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02079295
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02101491
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02029974
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0510 LINCOLN STREET UNIT 3D
IRS990/USAddress/CityNm0PELLA
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050219

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,079,295
Liabilities
$49,321
Net assets
$2,029,974
Revenue
$137,992
Expenses
$209,509
Net income
-$71,517
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.72$0.09$1.63$0.15$0.24$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.77$0.05$1.72$0.16$0.20$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.87$0.11$1.76$0.14$0.21$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.90$0.07$1.83$0.15$0.20$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.93$0.06$1.88$0.16$0.20$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.97$0.06$1.91$0.15$0.20$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.02$0.06$1.96$0.14$0.21$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.08$0.05$2.03$0.14$0.21$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.14$0.04$2.10$0.14$0.19$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.19$0.03$2.15$0.12$0.20$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.24$0.01$2.23$0.12$0.20$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.31$0.01$2.30$0.12$0.19$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.01$2.37$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$0.01$2.45$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$0.01$2.52$0.17