Civic Intelligence

Riverside Plaza Two Inc.

990 • Fiscal year 2018 • EIN 83-0315168

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 24, 2019

405 West GrantDouglas, WY 82633

(307) 358-4926

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.03x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

5.46x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

26th percentile

-4.2%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

3rd percentile

-61%

Faster revenue growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,434,321

Down $63,176 (-4.2%) from 2017

Net Assets

Down

-$43,003

Down $50,032 (-712%) from 2017

Liabilities

Down

$1,477,324

Down $13,144 (-0.9%) from 2017

Revenue

Down

$270,428

Down $420,938 (-61%) from 2017

Expenses

Up

$320,460

Up $12,741 (+4.1%) from 2017

Net Income

Down

-$50,032

Down $433,679 (-113%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2010: $1,289,692Liabilities 2010: $1,475,257Net Assets 2010: -$185,5652010Assets 2011: $1,266,520Liabilities 2011: $1,475,072Net Assets 2011: -$208,5522011Assets 2012: $1,230,440Liabilities 2012: $1,476,243Net Assets 2012: -$245,8032012Assets 2013: $1,182,450Liabilities 2013: $1,475,897Net Assets 2013: -$293,4472013Assets 2014: $1,143,903Liabilities 2014: $1,485,778Net Assets 2014: -$341,8752014Assets 2016: $1,106,092Liabilities 2016: $1,482,710Net Assets 2016: -$376,6182016Assets 2017: $1,497,497Liabilities 2017: $1,490,468Net Assets 2017: $7,0292017Assets 2018: $1,434,321Liabilities 2018: $1,477,324Net Assets 2018: -$43,0032018Assets 2019: $1,400,412Liabilities 2019: $1,479,248Net Assets 2019: -$78,8362019Assets 2020: $1,357,528Liabilities 2020: $1,475,574Net Assets 2020: -$118,0462020Assets 2021: $1,312,234Liabilities 2021: $1,478,448Net Assets 2021: -$166,2142021Assets 2022: $1,283,001Liabilities 2022: $1,482,412Net Assets 2022: -$199,4112022Assets 2023: $1,329,615Liabilities 2023: $1,507,686Net Assets 2023: -$178,0712023Assets 2024: $1,757,970Liabilities 2024: $1,483,872Net Assets 2024: $274,0982024

Highlighted filing

2018

Assets$1,434,321
Liabilities$1,477,324
Net Assets-$43,003

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $200,9142010Expenses 2011: $218,7312011Expenses 2012: $234,1362012Revenue 2013: $204,984Expenses 2013: $252,625Net Income 2013: -$47,6412013Revenue 2014: $212,231Expenses 2014: $260,659Net Income 2014: -$48,4282014Revenue 2016: $271,239Expenses 2016: $277,905Net Income 2016: -$6,6662016Revenue 2017: $691,366Expenses 2017: $307,719Net Income 2017: $383,6472017Revenue 2018: $270,428Expenses 2018: $320,460Net Income 2018: -$50,0322018Revenue 2019: $280,102Expenses 2019: $315,935Net Income 2019: -$35,8332019Revenue 2020: $299,935Expenses 2020: $339,145Net Income 2020: -$39,2102020Revenue 2021: $279,682Expenses 2021: $327,850Net Income 2021: -$48,1682021Revenue 2022: $298,209Expenses 2022: $331,406Net Income 2022: -$33,1972022Revenue 2023: $360,754Expenses 2023: $339,414Net Income 2023: $21,3402023Revenue 2024: $755,669Expenses 2024: $363,299Net Income 2024: $392,3702024

Highlighted filing

2018

Revenue$270,428
Expenses$320,460
Net Income-$50,032
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 24, 2019
Return Version
2018v3.1
Gross Receipts
$270,428
Mission and Program Overview

Mission

This organization provides low income housing to elderly and disabled individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,094,242$1,223,761▲ $129,519
Savings and Temporary Cash Investments$244,952$185,064▼ $59,888
Prepaid Expenses and Deferred Charges$8,270$12,706▲ $4,436
Cash and Non-Interest-Bearing Accounts$8,190$12,566▲ $4,376
Accounts Receivable-$224-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Rtn Earn Endowment Incm Other Fnds$7,029$-43,003▼ $50,032
Total Assets$1,497,497$1,434,321▼ $63,176
Other Assets Total$141,843$0▼ $141,843
Liabilities
Unsecured Notes Loans Payable$1,465,000$1,465,000→ $0
Other Liabilities$8,382$7,696▼ $686
Accounts Payable and Accrued Expenses$16,536$4,411▼ $12,125
Deferred Revenue$550$217▼ $333
Total Liabilities$1,490,468$1,477,324▼ $13,144
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,029$-43,003▼ $50,032
Total Liabilities and Net Assets / Fund Balance$1,497,497$1,434,321▼ $63,176

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,198,694$898,380$2,097,074
Equipment$14,649$43,096$57,745
Land$10,418-$10,418
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ralph HancockChairman
Larry CrummerVice-chairman
Brad SishcMember
Frederick KilmerMember
John CrockettMember
Karen TeschMember
Karen SmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$270,397
Investment Income
$31
Other Revenue
$0
Change in Net Assets
$-50,032

Audited Revenue Reconciliation

Revenue per Audited Statements
$270,428
Total Revenue per Audited Statements
$270,428
Total Revenue per Form 990
$270,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$209,880
Salaries, Compensation, and Employee Benefits$110,580
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$87,767--$87,767
Depreciation Depletion$75,905--$75,905
Other Employee Benefits$14,303--$14,303
Fees for Services Management$11,737--$11,737
Insurance$10,758--$10,758
Other Expenses$10,709--$10,709
Payroll Taxes$8,510--$8,510
Fees for Services Accounting$7,659--$7,659
Advertising$1,623--$1,623
All Other Expenses$752--$752
Conferences and Meetings$353--$353
Total Functional Expenses$320,460$0$0$320,460

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$320,460
Total Expenses per Audited Statements$320,460
Total Expenses per Form 990$320,460
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
Tenant Security Deposits$7,695
Rounding$1
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 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, Line 3: Description of Delegated Duties to Management Company

Director of housing performs management duties.

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

A member of the board of directors will reconcile the form 990 to the audited financial statements and determine that the answers to all questions are answered appropriately.

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

Board members are required to disclose annually any interests that give rise to conflict.

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

Governing documents are made available to public upon request.

Filing and Contact Details

Filer

Filer Name
Riverside Plaza Two Inc
EIN
83-0315168
Phone
3073584926
Address
405 WEST GRANT, DOUGLAS, WY 82633

Signing Officer

Name
Ralph Hancock
Title
Chairman
Signed
2019-04-24
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Wy
Voting Board Members
7
Independent Board Members
7
Employees
7

Preparer

Firm
Loucks & Weaver CPA
Address
157 South Main Street, Nappanee, IN 46550
Preparer
Tom Loucks CPA
Phone
5747734611
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0198458
IRS990/PYProgramServiceRevenueAmt0277718
IRS990/PYRevenuesLessExpensesAmt0383647
IRS990/PYSalariesCompEmpBnftPaidAmt0109261
IRS990/PYTotalExpensesAmt0307719
IRS990/PYTotalRevenueAmt0691366
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-50032
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07029
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-43003
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0244952
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0185064
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0413629
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0413629
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt031
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt019
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0306
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0165
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0383
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0904
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0270397
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0277718
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0270933
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0246868
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0212231
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01278147
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt031
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0306
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0165
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0383
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0904
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99950
IRS990ScheduleA/PublicSupportPY509Pct00.99920
IRS990ScheduleA/PublicSupportTotal509Amt01691776
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0270397
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0691347
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0270933
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0246868
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0212231
IRS990ScheduleA/Total509Grp/TotalAmt01691776
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0270428
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0691366
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0271239
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0247033
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0212614
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01692680
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01198694
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0898380
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02097074
IRS990ScheduleD/EquipmentGrp/BookValueAmt014649
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043096
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt057745
IRS990ScheduleD/ExpensesSubtotalAmt0320460
IRS990ScheduleD/LandGrp/BookValueAmt010418
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010418
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17695
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0270428
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01223761
IRS990ScheduleD/TotalExpensesPerForm990Amt0320460
IRS990ScheduleD/TotalLiabilityAmt07696
IRS990ScheduleD/TotalRevenuePerForm990Amt0270428
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0270428
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0320460
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTOR OF HOUSING PERFORMS MANAGEMENT DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A MEMBER OF THE BOARD OF DIRECTORS WILL RECONCILE THE FORM 990 TO THE AUDITED FINANCIAL STATEMENTS AND DETERMINE THAT THE ANSWERS TO ALL QUESTIONS ARE ANSWERED APPROPRIATELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS THAT GIVE RISE TO CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01497497
IRS990/TotalAssetsEOYAmt01434321
IRS990/TotalAssetsGrp/BOYAmt01497497
IRS990/TotalAssetsGrp/EOYAmt01434321
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0320460
IRS990/TotalFunctionalExpensesGrp/TotalAmt0320460
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01490468
IRS990/TotalLiabilitiesEOYAmt01477324
IRS990/TotalLiabilitiesGrp/BOYAmt01490468
IRS990/TotalLiabilitiesGrp/EOYAmt01477324
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07029
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-43003
IRS990/TotalProgramServiceExpensesAmt0320460
IRS990/TotalProgramServiceRevenueAmt0270397
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0270428
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0270428

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.76$1.48$0.27$0.76$0.36$0.39
2023Detailed filing. Detailed filing data is available for this year.$1.33$1.51$0.18$0.36$0.34$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.28$1.48$0.20$0.30$0.33$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.31$1.48$0.17$0.28$0.33$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.36$1.48$0.12$0.30$0.34$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.40$1.48$0.08$0.28$0.32$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.43$1.48$0.04$0.27$0.32$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.50$1.49$0.01$0.69$0.31$0.38
2016Detailed filing. Detailed filing data is available for this year.$1.11$1.48$0.38$0.27$0.28$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.14$1.49$0.34$0.21$0.26$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.18$1.48$0.29$0.20$0.25$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$1.48$0.25$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$1.48$0.21$0.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$1.48$0.19$0.20