Civic Intelligence

Olympic Village Inc

EIN 86-2143714 • 501(c)3 • Sun Prairie, WI

Profile

Provide older adults with affordable housing and services specially designed to meet their needs.

1000 Hunters TrailSun Prairie, WI 53590

olympicvillagesp.com

Siviq Scores

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

Liabilities / Assets

89th percentile

0.86x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

24.90x

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

501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

3rd percentile

-104%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

53rd percentile

6.0%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

81%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$14,187,056

Down $154,540 (-1.1%) from 2023

Liabilities

Up

$12,843,512

Up $155,427 (+1.2%) from 2023

Net Assets

Down

$1,343,544

Down $309,967 (-19%) from 2023

Revenue

Up

$734,764

Up $88,612 (+14%) from 2023

Expenses

Up

$1,062,615

Up $78,675 (+8.0%) from 2023

Net Income

Up

-$327,851

Up $9,937 (+2.9%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2021: $13,570,039Liabilities 2021: $11,051,032Net Assets 2021: $2,519,0072021Assets 2022: $14,379,955Liabilities 2022: $12,400,888Net Assets 2022: $1,979,0672022Assets 2023: $14,341,596Liabilities 2023: $12,688,085Net Assets 2023: $1,653,5112023Assets 2024: $14,187,056Liabilities 2024: $12,843,512Net Assets 2024: $1,343,5442024

Highlighted filing

2024

Assets$14,187,056
Liabilities$12,843,512
Net Assets$1,343,544

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2021: $275,235Expenses 2021: $380,423Net Income 2021: -$105,1882021Revenue 2022: $498,045Expenses 2022: $1,016,772Net Income 2022: -$518,7272022Revenue 2023: $646,152Expenses 2023: $983,940Net Income 2023: -$337,7882023Revenue 2024: $734,764Expenses 2024: $1,062,615Net Income 2024: -$327,8512024

Highlighted filing

2024

Revenue$734,764
Expenses$1,062,615
Net Income-$327,851

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 23, 2025
Return Version
2024v5.1
Gross Receipts
$734,764
Mission and Program Overview

Mission

Provide older adults with affordable housing and services specially designed to meet their needs.

To own, operate, control, maintain, and support facilities for seniors that offer an affordable housing option in a secure community furthering independence and quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,180,159$13,065,488▼ $114,671
Savings and Temporary Cash Investments$600,000$1,088,064▲ $488,064
Investments Other Securities$503,306$0▼ $503,306
Cash and Non-Interest-Bearing Accounts$40,952$30,282▼ $10,670
Prepaid Expenses and Deferred Charges$8,575$0▼ $8,575
Accounts Receivable$8,269$2,887▼ $5,382
Total Assets$14,341,596$14,187,056▼ $154,540
Other Assets Total$335$335→ $0
Liabilities
Deferred Revenue$12,048,011$12,267,812▲ $219,801
Mortgage Notes Payable Secured by Investment Property$468,772$414,250▼ $54,522
Accounts Payable and Accrued Expenses$91,302$89,450▼ $1,852
Other Liabilities$80,000$72,000▼ $8,000
Total Liabilities$12,688,085$12,843,512▲ $155,427
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,653,511$1,343,544▼ $309,967
Total Net Assets Fund Balance$1,653,511$1,343,544▼ $309,967
Total Liabilities and Net Assets / Fund Balance$14,341,596$14,187,056▼ $154,540

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,938,545$1,403,492$12,342,037
Land$1,380,000-$1,380,000
Equipment$341,931$223,667$565,598
Other Land Buildings$405,012$87,245$492,257
Compensation and Service Providers

Board Members and Trustees

NameTitle
William TomanPresident
Jerry HenrickVice President
Carrie HoppmanDirector
David SchultzDirector
James SchulenburgDirector
Patty HorstmeierSecretary
Ron LostetterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Attic Angel Management ServicesProperty Management8301 OLD SAUK RD SUITE 109, Middleton, WI 53562$227,419
Badger CompanyRoofing5440 WILLOW RD, Waunakee, WI 53597$173,799
Revenue and Support

Revenue Composition

Contributions and Grants
$2,500
Program Service Revenue
$648,985
Investment Income
$45,773
Other Revenue
$37,506
All Other Contributions
$2,500
Change in Net Assets
$-327,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,062,615
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
Depreciation Depletion$277,597$291,231-$568,828
Occupancy$172,212$28,795-$201,007
Fees for Services Management$79,376$114,534-$193,910
Insurance$24,503$30,240-$54,743
Advertising$15,462--$15,462
Fees for Services Other$5,472$5,741-$11,213
Fees for Services Legal-$6,648-$6,648
Information Technology$2,341$2,455-$4,796
Office Expenses$143$2,418-$2,561
Fees for Services Accounting-$2,400-$2,400
Travel-$552-$552
All Other Expenses-$495-$495
Total Functional Expenses$577,106$485,509$0$1,062,615
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
Tenant Security Deposits$72,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No

Governance Explanations

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

The 990 is reviewed by the president and treasurer prior to submission.

Form 990, Part VI, Section B, Line 12C

No contract or other transaction between the corporation and one or more of its directors or any other corporation, firm, association, or entity in which one or more of its directors are directors or officers or has a material financial interest, shall be either void or voidable because of such relationship or interest or because such director or directors are present at the meeting of the board of directors or a committee thereof which authorizes, approves or ratifies such contract or transaction or because his or their votes are counted for such purpose, if (1) the fact of such relationship or interest is disclosed or known to the board of directors or committee which authorizes, approves or ratifies the contract or transaction by a vote or consent sufficient for the purpose without counting the votes or consents of such interested directors; or (2) the fact of such relationship or interest is disclosed or known to the members entitled to vote and they authorize, approve or ratify such contract or transaction by vote or written consent; or (3) the contract or transaction is fair and reasonable to the corporation. Common or interested directors may be counted in determining the presence of a quorum at a meeting of the board of directors or a committee thereof which authorizes, approves or ratifies such contract or transaction.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Olympic Village Inc
EIN
86-2143714
Phone
6086628842
Address
1000 HUNTERS TRAIL, SUN PRAIRIE, WI 53590

Signing Officer

Name
William Toman
Title
President
Phone
6086628842
Signed
2025-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Toman
Formed
2021
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
15

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Mike Hablewitz CPA
Phone
6082744020
Raw XML AppendixShowing 400 of 421 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INSURANCE PROCEEDS - 2024 AMOUNT: $ 26,106.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE 2021 COLUMN ON SCHEDULE A, PART III REPRESENTS THE SHORT TAX YEAR BEGINNING FEBRUARY 15, 2021 AND ENDING DECEMBER 31, 2021.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART III, 2021 COLUMN
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02500
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt045773
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt030027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03446
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt079246
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0648985
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0575058
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0494599
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0275235
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01993877
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt011400
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt041067
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt052467
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt045773
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt030027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03446
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt079246
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt026106
IRS990ScheduleA/OtherIncome509Grp/TotalAmt026106
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt01915394
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt013757
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt036057
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt083636
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0133450
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt013757
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt036057
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt083636
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0133450
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0662885
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0616125
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0494599
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0275235
IRS990ScheduleA/Total509Grp/TotalAmt02048844
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0734764
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0646152
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0498045
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0275235
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02154196
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt010938545
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01403492
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012342037
IRS990ScheduleD/EquipmentGrp/BookValueAmt0341931
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0223667
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0565598
IRS990ScheduleD/LandGrp/BookValueAmt01380000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01380000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0405012
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt087245
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0492257
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt072000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013065488
IRS990ScheduleD/TotalLiabilityAmt072000
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE PRESIDENT AND TREASURER PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO CONTRACT OR OTHER TRANSACTION BETWEEN THE CORPORATION AND ONE OR MORE OF ITS DIRECTORS OR ANY OTHER CORPORATION, FIRM, ASSOCIATION, OR ENTITY IN WHICH ONE OR MORE OF ITS DIRECTORS ARE DIRECTORS OR OFFICERS OR HAS A MATERIAL FINANCIAL INTEREST, SHALL BE EITHER VOID OR VOIDABLE BECAUSE OF SUCH RELATIONSHIP OR INTEREST OR BECAUSE SUCH DIRECTOR OR DIRECTORS ARE PRESENT AT THE MEETING OF THE BOARD OF DIRECTORS OR A COMMITTEE THEREOF WHICH AUTHORIZES, APPROVES OR RATIFIES SUCH CONTRACT OR TRANSACTION OR BECAUSE HIS OR THEIR VOTES ARE COUNTED FOR SUCH PURPOSE, IF (1) THE FACT OF SUCH RELATIONSHIP OR INTEREST IS DISCLOSED OR KNOWN TO THE BOARD OF DIRECTORS OR COMMITTEE WHICH AUTHORIZES, APPROVES OR RATIFIES THE CONTRACT OR TRANSACTION BY A VOTE OR CONSENT SUFFICIENT FOR THE PURPOSE WITHOUT COUNTING THE VOTES OR CONSENTS OF SUCH INTERESTED DIRECTORS; OR (2) THE FACT OF SUCH RELATIONSHIP OR INTEREST IS DISCLOSED OR KNOWN TO THE MEMBERS ENTITLED TO VOTE AND THEY AUTHORIZE, APPROVE OR RATIFY SUCH CONTRACT OR TRANSACTION BY VOTE OR WRITTEN CONSENT; OR (3) THE CONTRACT OR TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION. COMMON OR INTERESTED DIRECTORS MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AT A MEETING OF THE BOARD OF DIRECTORS OR A COMMITTEE THEREOF WHICH AUTHORIZES, APPROVES OR RATIFIES SUCH CONTRACT OR TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014341596
IRS990/TotalAssetsEOYAmt014187056
IRS990/TotalAssetsGrp/BOYAmt014341596
IRS990/TotalAssetsGrp/EOYAmt014187056
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0485509
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0577106
IRS990/TotalFunctionalExpensesGrp/TotalAmt01062615
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012688085
IRS990/TotalLiabilitiesEOYAmt012843512
IRS990/TotalLiabilitiesGrp/BOYAmt012688085
IRS990/TotalLiabilitiesGrp/EOYAmt012843512
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01653511
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01343544
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0577106
IRS990/TotalProgramServiceRevenueAmt0648985
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt083279
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0648985
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0734764
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014341596
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014187056
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0552
IRS990/TravelGrp/TotalAmt0552
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01000 HUNTERS TRAIL
IRS990/USAddress/CityNm0SUN PRAIRIE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053590
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0OLYMPICVILLAGESP.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM TOMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06086628842
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLYMPIC VILLAGE INC
ReturnHeader/Filer/BusinessNameControlTxt0OLYM

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