Civic Intelligence

Phs Council Bluffs Inc.

990 • Fiscal year 2021 • EIN 82-3917566

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 12, 2022

Organization ProfileWWW.PRESHOMES.ORG
2845 N Hamline AveRoseville, MN 55113

(651) 631-6162

Siviq Scores

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

Liabilities / Assets

95th percentile

1.05x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

5.46x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

32nd percentile

4.2%

Higher net margin than 32% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$930,623

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

16th percentile

-1.6%

Faster asset growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

99th percentile

1221%

Faster revenue growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$46,881,447

Down $772,532 (-1.6%) from 2020

Net Assets

Up

-$2,139,257

Up $811,475 (+28%) from 2020

Liabilities

Down

$49,020,704

Down $1,584,007 (-3.1%) from 2020

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin32nd percentile

Revenue

Up

$8,974,517

Up $8,295,288 (+1221%) from 2020

Expenses

Up

$8,597,497

Up $5,127,008 (+148%) from 2020

Net Income

Up

$377,020

Up $3,168,280 (+114%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$60M$40M$20M$0-$20MAssets 2018: $49,745,135Liabilities 2018: $49,762,448Net Assets 2018: -$17,3132018Assets 2019: $53,851,012Liabilities 2019: $54,010,484Net Assets 2019: -$159,4722019Assets 2020: $47,653,979Liabilities 2020: $50,604,711Net Assets 2020: -$2,950,7322020Assets 2021: $46,881,447Liabilities 2021: $49,020,704Net Assets 2021: -$2,139,2572021Assets 2022: $45,149,424Liabilities 2022: $47,908,951Net Assets 2022: -$2,759,5272022Assets 2023: $44,266,832Liabilities 2023: $47,553,765Net Assets 2023: -$3,286,9332023Assets 2024: $43,950,054Liabilities 2024: $47,581,543Net Assets 2024: -$3,631,4892024

Highlighted filing

2021

Assets$46,881,447
Liabilities$49,020,704
Net Assets-$2,139,257
Open 2021 Filing

Operations Trend

Revenue Growth99th percentile

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

$10M$5.0M$0-$5.0MRevenue 2018: $0Expenses 2018: $17,313Net Income 2018: -$17,3132018Revenue 2019: $0Expenses 2019: $142,159Net Income 2019: -$142,1592019Revenue 2020: $679,229Expenses 2020: $3,470,489Net Income 2020: -$2,791,2602020Revenue 2021: $8,974,517Expenses 2021: $8,597,497Net Income 2021: $377,0202021Revenue 2022: $8,067,813Expenses 2022: $8,688,079Net Income 2022: -$620,2662022Revenue 2023: $8,513,596Expenses 2023: $9,041,002Net Income 2023: -$527,4062023Revenue 2024: $9,025,952Expenses 2024: $9,370,508Net Income 2024: -$344,5562024

Highlighted filing

2021

Revenue$8,974,517
Expenses$8,597,497
Net Income$377,020
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 12, 2022
Return Version
2020v4.0
Gross Receipts
$8,974,517
Mission and Program Overview

Mission

The mission of the organization is to honor god by enriching the lives and touching the hearts of older adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$42,256,098$41,214,825▼ $1,041,273
Investments Other Securities$4,447,778$3,229,086▼ $1,218,692
Savings and Temporary Cash Investments$-1,710$1,162,129▲ $1,163,839
Intangible Assets$861,455$837,434▼ $24,021
Accounts Receivable$83,280$423,854▲ $340,574
Prepaid Expenses and Deferred Charges$178$7,219▲ $7,041
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$47,653,979$46,881,447▼ $772,532
Other Assets Total$6,900$6,900→ $0
Liabilities
Tax Exempt Bond Liabilities$43,094,821$42,566,083▼ $528,738
Other Liabilities$5,655,800$5,550,000▼ $105,800
Accounts Payable and Accrued Expenses$1,854,090$727,321▼ $1,126,769
Escrow Account Liability-$177,300-
Total Liabilities$50,604,711$49,020,704▼ $1,584,007
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,950,732$-2,139,257▲ $811,475
Total Net Assets Fund Balance$-2,950,732$-2,139,257▲ $811,475
Total Liabilities and Net Assets / Fund Balance$47,653,979$46,881,447▼ $772,532

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$35,442,580$1,484,204$36,926,784
Equipment$4,232,469$689,827$4,922,296
Leasehold Improvements$840,409$59,977$900,386
Land$699,367-$699,367
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Dan LindhBoard Chair/CEO
Mark MeyerSec/treas/CFO
Teresa LarsonSVP Human Resources
Duane LarsonSVP Operations
Jonathan FletcherVP Development

Highest Paid Contractors

ContractorServicesLocationCompensation
Aegis Contract TherapyTherapy ServicesPO BOX 936653, Atlanta, GA 31193$164,150
Phs Management LLCManagement2845 N HAMLINE AVENUE, Roseville, MN 55113$146,045
Cbs Construction ServicesConstruction Contractor11124 ZEALAND AVE N, Champlin, MN 55316$106,762
Revenue and Support

Revenue Composition

Contributions and Grants
$5,250,000
Program Service Revenue
$3,625,979
Investment Income
$50,217
Other Revenue
$48,321
Change in Net Assets
$377,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,697,026
Salaries, Compensation, and Employee Benefits$2,900,471
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,006,214$229,988-$2,236,202
Interest$2,190,189--$2,190,189
Depreciation Depletion$1,602,536--$1,602,536
Other Employee Benefits$442,231$50,780-$493,011
Fees for Services Other$359,194$795-$359,989
Occupancy$274,288--$274,288
Advertising-$168,171-$168,171
Payroll Taxes$147,474$16,934-$164,408
Fees for Services Management-$146,045-$146,045
Other Expenses$116,317$263,980-$116,317
Information Technology-$95,223-$95,223
Office Expenses-$78,218-$78,218
Insurance-$76,773-$76,773
Pension Plan Contributions$6,144$706-$6,850
Travel$4,777$548-$5,325
Fees for Services Accounting-$4,500-$4,500
Conferences and Meetings$1,287$148-$1,435
Total Functional Expenses$7,464,688$1,132,809$0$8,597,497
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$4,900,000
Deferred Development Fee$650,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIowa Financing Authority2018-08-23$43,209,820CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A-$39,785,969$408,557$793,150

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“Phs management, llc provides management services for the organization. Phs management, llc provides financial accounting, operational oversight, human resources, information technology, clinical nursing consultation, corporate compliance, coordinated advertising and marketing, staffing for fund development, and new business development.”

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“The sole member of the organization is presbyterian homes housing & assisted living inc.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The organization's 990 is provided to voting members of the governing body prior to filing with the irs. Officers and management of the organization have been involved in the preparation of the 990 and have reviewed the 990 throughout the process.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization obtains annually written disclosure from governing body members, officers and key employees. Management and officers review these disclosures and evaluate whether the interest could result in a conflict and then take the necessary steps to remediate any such conflict.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization makes available its governing documents and conflict of interest policy upon request. Financial statements are available on the organization's website.”

Form 990, Part VII, Section A

“Sharing of hoursofficers & key employees share their hours between the filing organization and its related organizations.”

Filing and Contact Details

Filer

Filer Name
Phs Council Bluffs Inc
EIN
82-3917566
Phone
6516316162
Address
2845 N HAMLINE AVE, ROSEVILLE, MN 55113

Signing Officer

Name
Mark Meyer
Title
CFO
Signed
2022-08-12

Organization Details

Principal Officer
Mark Meyer
Formed
2018
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
100
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

“Resident notes are reported as long term liability on the statements of financial position. The resident note is repayable 120 days after move out of the resident. The deposits that are repayable as a result of the resident moving out will be repaid from the proceeds of the next resident moving in.”

Part X : FIN48 Footnote

“The organization and its affiliates are generally exempt from income taxes under section 501(c)(3) of the internal revenue code and applicable sections of the state statutes; consequently, no provision has been made for income taxes. However, there are immaterial amounts of unrelated business income in certain affiliates that are taxable.the organization follows the accounting standard for contingencies in evaluating uncertain tax positions. The organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the irs.”

Raw XML AppendixShowing 400 of 588 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/NetRentalIncomeOrLossGrp/ExclusionAmt07014
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt07014
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-2950732
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2139257
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0274288
IRS990/OccupancyGrp/TotalAmt0274288
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt078218
IRS990/OfficeExpensesGrp/TotalAmt078218
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06900
IRS990/OtherAssetsTotalGrp/EOYAmt06900
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt050780
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0442231
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0493011
IRS990/OtherExpensesGrp/Desc0MISCELLEANOUS
IRS990/OtherExpensesGrp/Desc1BUILDING - CONTRACTS/MAINT
IRS990/OtherExpensesGrp/Desc2FOOD
IRS990/OtherExpensesGrp/Desc3NURSING SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0263980
IRS990/OtherExpensesGrp/ProgramServicesAmt047607
IRS990/OtherExpensesGrp/ProgramServicesAmt1137005
IRS990/OtherExpensesGrp/ProgramServicesAmt2129425
IRS990/OtherExpensesGrp/ProgramServicesAmt3116317
IRS990/OtherExpensesGrp/TotalAmt0311587
IRS990/OtherExpensesGrp/TotalAmt1137005
IRS990/OtherExpensesGrp/TotalAmt2129425
IRS990/OtherExpensesGrp/TotalAmt3116317
IRS990/OtherLiabilitiesGrp/BOYAmt05655800
IRS990/OtherLiabilitiesGrp/EOYAmt05550000
IRS990/OtherRevenueMiscGrp/BusinessCd0446199
IRS990/OtherRevenueMiscGrp/BusinessCd1721310
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0BEAUTY SHOP
IRS990/OtherRevenueMiscGrp/Desc1CULINARY INCOME
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt012668
IRS990/OtherRevenueMiscGrp/ExclusionAmt111908
IRS990/OtherRevenueMiscGrp/ExclusionAmt216731
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012668
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt111908
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt216731
IRS990/OtherRevenueTotalAmt041307
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0229988
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02006214
IRS990/OtherSalariesAndWagesGrp/TotalAmt02236202
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016934
IRS990/PayrollTaxesGrp/ProgramServicesAmt0147474
IRS990/PayrollTaxesGrp/TotalAmt0164408
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0706
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06144
IRS990/PensionPlanContributionsGrp/TotalAmt06850
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0178
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07219
IRS990/PrincipalOfficerNm0MARK MEYER
IRS990/PriorPeriodAdjustmentsAmt0434455
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENT SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03625979
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03625979
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0680
IRS990/PYInvestmentIncomeAmt029153
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02674904
IRS990/PYOtherRevenueAmt031253
IRS990/PYProgramServiceRevenueAmt0618823
IRS990/PYRevenuesLessExpensesAmt0-2791260
IRS990/PYSalariesCompEmpBnftPaidAmt0794905
IRS990/PYTotalExpensesAmt03470489
IRS990/PYTotalRevenueAmt0679229
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0377020
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt05250000
IRS990/RentalIncomeOrLossGrp/RealAmt07014
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03667286
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0-1710
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01162129
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05250000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05250000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt050217
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt029153
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt079370
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03625979
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0618823
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04244802
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt07014
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt01503
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt08517
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt050217
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt029153
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt079370
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt041307
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt029750
IRS990ScheduleA/OtherIncome509Grp/TotalAmt071057
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt09377625
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0125694
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0125694
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0125694
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0125694
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt08882993
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0620326
IRS990ScheduleA/Total509Grp/TotalAmt09503319
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt08974517
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0679229
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09653746
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt035442580
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01484204
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt036926784
IRS990ScheduleD/EquipmentGrp/BookValueAmt04232469
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0689827
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04922296
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0699367
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0699367
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0840409
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt059977
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0900386
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0650000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14900000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED DEVELOPMENT FEE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RESIDENT NOTES ARE REPORTED AS LONG TERM LIABILITY ON THE STATEMENTS OF FINANCIAL POSITION. THE RESIDENT NOTE IS REPAYABLE 120 DAYS AFTER MOVE OUT OF THE RESIDENT. THE DEPOSITS THAT ARE REPAYABLE AS A RESULT OF THE RESIDENT MOVING OUT WILL BE REPAID FROM THE PROCEEDS OF THE NEXT RESIDENT MOVING IN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION AND ITS AFFILIATES ARE GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE SECTIONS OF THE STATE STATUTES; CONSEQUENTLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. HOWEVER, THERE ARE IMMATERIAL AMOUNTS OF UNRELATED BUSINESS INCOME IN CERTAIN AFFILIATES THAT ARE TAXABLE.THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b: Explanation of escrow account liability
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt041214825
IRS990ScheduleD/TotalBookValueSecuritiesAmt03229086
IRS990ScheduleD/TotalLiabilityAmt05550000
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0907103

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Filings

Displayed year

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

Open filing
Assets
$46,881,447
Liabilities
$49,020,704
Net assets
-$2,139,257
Revenue
$8,974,517
Expenses
$8,597,497
Net income
$377,020
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$44.0$47.6$3.63$9.03$9.37$0.34
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.3$47.6$3.29$8.51$9.04$0.53
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.1$47.9$2.76$8.07$8.69$0.62
2021Detailed filing. Detailed filing data is available for this year.$46.9$49.0$2.14$8.97$8.60$0.38
2020Detailed filing. Detailed filing data is available for this year.$47.7$50.6$2.95$0.68$3.47$2.79
2019Detailed filing. Detailed filing data is available for this year.$53.9$54.0$0.16$0.00$0.14$0.14
2018Detailed filing. Detailed filing data is available for this year.$49.7$49.8$0.02$0.00$0.02$0.02