Civic Intelligence

Carl Inoway Senior Housing Corp

EIN 84-1382345 • 501(c)3 • Salt Lake City, UT

Profile

Providing low income housing to the elderly & handicapped.

223 West 700 South Rm/Ste CSalt Lake City, UT 84101

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

5.39x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

7.49x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

11th percentile

-31%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

23rd percentile

-7.9%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

15%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$554,255

Down $47,597 (-7.9%) from 2023

Liabilities

Up

$2,985,331

Up $75,080 (+2.6%) from 2023

Net Assets

Down

-$2,431,076

Down $122,677 (-5.3%) from 2023

Revenue

Up

$398,812

Up $50,751 (+15%) from 2023

Expenses

Up

$521,489

Up $11,001 (+2.2%) from 2023

Net Income

Up

-$122,677

Up $39,750 (+24%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $1,659,540Liabilities 2010: $2,716,290Net Assets 2010: -$1,056,7502010Assets 2011: $1,578,635Liabilities 2011: $2,697,839Net Assets 2011: -$1,119,2042011Assets 2012: $1,499,903Liabilities 2012: $2,659,674Net Assets 2012: -$1,159,7712012Assets 2013: $1,436,907Liabilities 2013: $2,663,512Net Assets 2013: -$1,226,6052013Assets 2014: $1,337,082Liabilities 2014: $2,790,766Net Assets 2014: -$1,453,6842014Assets 2015: $1,246,256Liabilities 2015: $2,798,145Net Assets 2015: -$1,551,8892015Assets 2016: $1,164,790Liabilities 2016: $2,822,662Net Assets 2016: -$1,657,8722016Assets 2017: $1,081,928Liabilities 2017: $2,814,295Net Assets 2017: -$1,732,3672017Assets 2018: $995,939Liabilities 2018: $2,831,577Net Assets 2018: -$1,835,6382018Assets 2019: $939,329Liabilities 2019: $2,842,302Net Assets 2019: -$1,902,9732019Assets 2020: $899,725Liabilities 2020: $2,853,757Net Assets 2020: -$1,954,0322020Assets 2021: $812,382Liabilities 2021: $2,849,779Net Assets 2021: -$2,037,3972021Assets 2022: $731,680Liabilities 2022: $2,877,652Net Assets 2022: -$2,145,9722022Assets 2023: $601,852Liabilities 2023: $2,910,251Net Assets 2023: -$2,308,3992023Assets 2024: $554,255Liabilities 2024: $2,985,331Net Assets 2024: -$2,431,0762024

Highlighted filing

2024

Assets$554,255
Liabilities$2,985,331
Net Assets-$2,431,076

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200K-$400KExpenses 2010: $304,9032010Expenses 2011: $297,2002011Expenses 2012: $304,2132012Revenue 2013: $279,063Expenses 2013: $345,897Net Income 2013: -$66,8342013Revenue 2014: $262,766Expenses 2014: $489,845Net Income 2014: -$227,0792014Revenue 2015: $263,180Expenses 2015: $361,385Net Income 2015: -$98,2052015Revenue 2016: $276,466Expenses 2016: $382,449Net Income 2016: -$105,9832016Revenue 2017: $289,440Expenses 2017: $363,935Net Income 2017: -$74,4952017Revenue 2018: $288,998Expenses 2018: $392,269Net Income 2018: -$103,2712018Revenue 2019: $311,426Expenses 2019: $378,766Net Income 2019: -$67,3402019Revenue 2020: $328,168Expenses 2020: $379,226Net Income 2020: -$51,0582020Revenue 2021: $336,586Expenses 2021: $419,951Net Income 2021: -$83,3652021Revenue 2022: $340,211Expenses 2022: $448,786Net Income 2022: -$108,5752022Revenue 2023: $348,061Expenses 2023: $510,488Net Income 2023: -$162,4272023Revenue 2024: $398,812Expenses 2024: $521,489Net Income 2024: -$122,6772024

Highlighted filing

2024

Revenue$398,812
Expenses$521,489
Net Income-$122,677

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.55$2.99$2.43$0.40$0.52$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.60$2.91$2.31$0.35$0.51$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.73$2.88$2.15$0.34$0.45$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.81$2.85$2.04$0.34$0.42$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.90$2.85$1.95$0.33$0.38$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.94$2.84$1.90$0.31$0.38$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.00$2.83$1.84$0.29$0.39$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.08$2.81$1.73$0.29$0.36$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.16$2.82$1.66$0.28$0.38$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.25$2.80$1.55$0.26$0.36$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.34$2.79$1.45$0.26$0.49$0.23
2013Detailed filing. Detailed filing data is available for this year.$1.44$2.66$1.23$0.28$0.35$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$2.66$1.16$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$2.70$1.12$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$2.72$1.06$0.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 3, 2025
Return Version
2024v5.0
Gross Receipts
$398,812
Mission and Program Overview

Mission

Providing low income housing to the elderly & handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$492,642$428,138▼ $64,504
Savings and Temporary Cash Investments$84,267$71,852▼ $12,415
Accounts Receivable$97$34,717▲ $34,620
Cash and Non-Interest-Bearing Accounts$24,846$19,548▼ $5,298
Total Assets$601,852$554,255▼ $47,597
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,829,728$2,838,828▲ $9,100
Accounts Payable and Accrued Expenses$66,820$134,398▲ $67,578
Other Liabilities$13,703$12,105▼ $1,598
Total Liabilities$2,910,251$2,985,331▲ $75,080
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,308,399$-2,431,076▼ $122,677
Total Net Assets Fund Balance$-2,308,399$-2,431,076▼ $122,677
Total Liabilities and Net Assets / Fund Balance$601,852$554,255▼ $47,597

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$162,657$2,261,500$2,424,157
Equipment$74,144$134,054$208,198
Other Land Buildings$16,337$163,021$179,358
Land$175,000-$175,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary OliverPresident
Michael IwasakiBoard Member
Laura Lee DuarteSecretary
Scott SchwabVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$248,192
Program Service Revenue
$150,589
Investment Income
$31
Other Revenue
$0
Change in Net Assets
$-122,677

Audited Revenue Reconciliation

Revenue per Audited Statements
$398,812
Total Revenue per Audited Statements
$398,812
Total Revenue per Form 990
$398,812
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$443,397
Salaries, Compensation, and Employee Benefits$78,092
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$101,872--$101,872
Other Salaries and Wages$46,142$7,076-$53,218
Other Expenses$49,319--$49,319
Fees for Services Management-$30,145-$30,145
Office Expenses$12,970$12,891-$25,861
Fees for Services Accounting$10,000$9,546-$19,546
Other Employee Benefits$15,189--$15,189
Payroll Taxes$9,685--$9,685
Interest$9,100--$9,100
Insurance$7,591--$7,591
Conferences and Meetings$239--$239
Fees for Services Legal-$33-$33
Total Functional Expenses$461,798$59,691$0$521,489

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$521,489
Total Expenses per Audited Statements$521,489
Total Expenses per Form 990$521,489
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
Security Deposit Liability$12,105
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Management presents to board for review and approval. Management/board authorizes cpa to electronically file 990.

Form 990, Page 6, Part VI, Line 19

Any document open for public inspection will be made available upon request.

Filing and Contact Details

Filer

Filer Name
Carl Inoway Senior Housing Corp
EIN
84-1382345
Phone
8013646117
Address
223 WEST 700 SOUTH RM/STE C, SALT LAKE CITY, UT 84101

Signing Officer

Name
Marion Willey
Title
Exec Director Mgmt Agent
Phone
8013646117
Signed
2025-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Oliver
Formed
1997
Legal Domicile
Ut
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Wsrp Advisory LLC
Address
155 N 400 W STE 400, SALT LAKE CITY, UT 84103
Preparer
Derek W Weil CPA
Phone
8013282011
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0188891
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0174359
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0966781
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt02261500
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02424157
IRS990ScheduleD/EquipmentGrp/BookValueAmt074144
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0134054
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0208198
IRS990ScheduleD/ExpensesSubtotalAmt0521489
IRS990ScheduleD/LandGrp/BookValueAmt0175000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0175000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016337
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0163021
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0179358
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012105
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt0398812
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0428138
IRS990ScheduleD/TotalExpensesPerForm990Amt0521489
IRS990ScheduleD/TotalLiabilityAmt012105
IRS990ScheduleD/TotalRevenuePerForm990Amt0398812
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT PRESENTS TO BOARD FOR REVIEW AND APPROVAL. MANAGEMENT/BOARD AUTHORIZES CPA TO ELECTRONICALLY FILE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY DOCUMENT OPEN FOR PUBLIC INSPECTION WILL BE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0601852
IRS990/TotalAssetsEOYAmt0554255
IRS990/TotalAssetsGrp/BOYAmt0601852
IRS990/TotalAssetsGrp/EOYAmt0554255
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0461798
IRS990/TotalFunctionalExpensesGrp/TotalAmt0521489
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02910251
IRS990/TotalLiabilitiesEOYAmt02985331
IRS990/TotalLiabilitiesGrp/BOYAmt02910251
IRS990/TotalLiabilitiesGrp/EOYAmt02985331
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2308399
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2431076
IRS990/TotalProgramServiceExpensesAmt0461798
IRS990/TotalProgramServiceRevenueAmt0150589
IRS990/TotalRevenueGrp/ExclusionAmt031
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0150589
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0398812
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0601852
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0554255
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0145 SOUTH 600 WEST 405
IRS990/USAddress/CityNm0SALT LAKE CITY
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084101
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARION WILLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIR MGMT AGENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08013646117
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARL INOWAY SENIOR HOUSING CORP
ReturnHeader/Filer/BusinessNameControlTxt0CARL
ReturnHeader/Filer/EIN0841382345
ReturnHeader/Filer/PhoneNum08013646117
ReturnHeader/Filer/USAddress/AddressLine1Txt0223 WEST 700 SOUTH RM/STE C
ReturnHeader/Filer/USAddress/CityNm0SALT LAKE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084101
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0990841184
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WSRP ADVISORY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0155 N 400 W STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALT LAKE CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084103
ReturnHeader/PreparerPersonGrp/PhoneNum08013282011
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEREK W WEIL CPA
ReturnHeader/ReturnTs02025-08-05T16:35:26-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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