Civic Intelligence

Wasatch Manor Inc.

990 • Fiscal year 2017 • EIN 87-6125806

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 28, 2018

7351 South Union Park Avenue 250Midvale, UT 84047

(801) 565-0700

Siviq Scores

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

Liabilities / Assets

86th percentile

0.81x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

3.44x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

22nd percentile

-6.3%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

26th percentile

-2.0%

Faster asset growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

63rd percentile

10%

Faster revenue growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$6,788,037

Down $139,240 (-2.0%) from 2016

Net Assets

Down

$1,321,470

Down $100,285 (-7.1%) from 2016

Liabilities

Down

$5,466,567

Down $38,955 (-0.7%) from 2016

Revenue

Up

$1,586,910

Up $150,271 (+10%) from 2016

Expenses

Up

$1,687,195

Up $97,681 (+6.1%) from 2016

Net Income

Up

-$100,285

Up $52,590 (+34%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,902,431Liabilities 2011: $1,326,699Net Assets 2011: $1,575,7322011Assets 2012: $2,831,571Liabilities 2012: $1,277,246Net Assets 2012: $1,554,3252012Assets 2013: $4,591,921Liabilities 2013: $2,990,708Net Assets 2013: $1,601,2132013Assets 2014: $4,607,265Liabilities 2014: $2,996,175Net Assets 2014: $1,611,0902014Assets 2015: $4,483,526Liabilities 2015: $2,908,896Net Assets 2015: $1,574,6302015Assets 2016: $6,927,277Liabilities 2016: $5,505,522Net Assets 2016: $1,421,7552016Assets 2017: $6,788,037Liabilities 2017: $5,466,567Net Assets 2017: $1,321,4702017Assets 2018: $7,235,488Liabilities 2018: $6,138,655Net Assets 2018: $1,096,8332018Assets 2019: $7,077,888Liabilities 2019: $6,064,914Net Assets 2019: $1,012,9742019Assets 2020: $7,101,103Liabilities 2020: $5,928,255Net Assets 2020: $1,172,8482020Assets 2021: $7,064,490Liabilities 2021: $5,767,109Net Assets 2021: $1,297,3812021Assets 2022: $7,035,263Liabilities 2022: $5,684,145Net Assets 2022: $1,351,1182022Assets 2023: $6,945,412Liabilities 2023: $5,539,548Net Assets 2023: $1,405,8642023Assets 2024: $6,954,600Liabilities 2024: $5,439,136Net Assets 2024: $1,515,4642024Assets 2025: $7,085,306Liabilities 2025: $5,331,501Net Assets 2025: $1,753,8052025

Highlighted filing

2017

Assets$6,788,037
Liabilities$5,466,567
Net Assets$1,321,470

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,091,7162011Expenses 2012: $1,175,5062012Revenue 2013: $1,317,436Expenses 2013: $1,270,548Net Income 2013: $46,8882013Revenue 2014: $1,342,552Expenses 2014: $1,332,675Net Income 2014: $9,8772014Revenue 2015: $1,339,032Expenses 2015: $1,375,492Net Income 2015: -$36,4602015Revenue 2016: $1,436,639Expenses 2016: $1,589,514Net Income 2016: -$152,8752016Revenue 2017: $1,586,910Expenses 2017: $1,687,195Net Income 2017: -$100,2852017Revenue 2018: $1,603,527Expenses 2018: $1,828,164Net Income 2018: -$224,6372018Revenue 2019: $1,820,827Expenses 2019: $1,904,686Net Income 2019: -$83,8592019Revenue 2020: $2,087,500Expenses 2020: $1,927,626Net Income 2020: $159,8742020Revenue 2021: $2,167,958Expenses 2021: $2,043,425Net Income 2021: $124,5332021Revenue 2022: $2,233,125Expenses 2022: $2,179,388Net Income 2022: $53,7372022Revenue 2023: $2,337,859Expenses 2023: $2,283,113Net Income 2023: $54,7462023Revenue 2024: $2,454,044Expenses 2024: $2,344,444Net Income 2024: $109,6002024Revenue 2025: $2,726,358Expenses 2025: $2,488,017Net Income 2025: $238,3412025

Highlighted filing

2017

Revenue$1,586,910
Expenses$1,687,195
Net Income-$100,285
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 28, 2018
Return Version
2016v3.0
Gross Receipts
$1,586,910
Mission and Program Overview

Mission

Low income housing for elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,346,631$6,037,499▲ $1,690,868
Savings and Temporary Cash Investments$2,390,269$610,309▼ $1,779,960
Prepaid Expenses and Deferred Charges$46,672$48,040▲ $1,368
Accounts Receivable$17,570$41,769▲ $24,199
Cash and Non-Interest-Bearing Accounts$78,668$6,153▼ $72,515
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-
Total Assets$6,927,277$6,788,037▼ $139,240
Other Assets Total$47,467$44,267▼ $3,200
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,384,633$5,298,158▼ $86,475
Accounts Payable and Accrued Expenses$64,291$112,024▲ $47,733
Other Liabilities$55,050$55,123▲ $73
Deferred Revenue$1,548$1,262▼ $286
Total Liabilities$5,505,522$5,466,567▼ $38,955
Net Assets / Fund Balance
Unrestricted Net Assets$1,421,755$1,321,470▼ $100,285
Total Net Assets Fund Balance$1,421,755$1,321,470▼ $100,285
Total Liabilities and Net Assets / Fund Balance$6,927,277$6,788,037▼ $139,240

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,559,331$5,253,059$10,812,390
Other Land Buildings$86,486$975,916$1,062,402
Land$268,117-$268,117
Leasehold Improvements$123,565$124,975$248,540
Equipment-$6,022$6,022
Compensation and Service Providers

Board Members and Trustees

NameTitle
Roy CorsiPresident
Normal Dye PhippsVice President
Rick OlsenBoard Member
Trudy HendersonBoard Member
Warren BroadheadBoard Member
Kathy BroadheadSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,586,406
Investment Income
$504
Other Revenue
$0
Change in Net Assets
$-100,285

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,586,910
Total Revenue per Audited Statements
$1,586,910
Total Revenue per Form 990
$1,586,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,687,195
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$366,792--$366,792
Interest$249,910--$249,910
Occupancy$182,877--$182,877
All Other Expenses$35,605$106,043-$141,648
Fees for Services Management-$119,232-$119,232
Other Expenses$93,740$73,293-$73,293
Insurance$41,379--$41,379
Fees for Services Accounting-$38,856-$38,856
Office Expenses-$25,963-$25,963
Advertising-$6,624-$6,624
Conferences and Meetings-$5,818-$5,818
Fees for Services Legal-$4,009-$4,009
Total Functional Expenses$1,164,433$522,762$0$1,687,195

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,687,195
Total Expenses per Audited Statements$1,687,195
Total Expenses per Form 990$1,687,195
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$55,123
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

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

Return is reviewed by management agent on behalf of the board.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Wasatch Manor Inc
EIN
87-6125806
Address
7351 SOUTH UNION PARK AVENUE 250, MIDVALE, UT 84047

Signing Officer

Name
Roy Corsi
Title
President
Signed
2018-02-28
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Ut
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Simpson & Company
Address
1111 Brickyard Road Suite 112, Salt Lake City, UT 84106
Preparer
Kenneth R Simpson
Phone
8014845206
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IRS990/ProgramServiceRevenueGrp/Desc3Tenant Assistant Payments
IRS990/ProgramServiceRevenueGrp/Desc4Tenant Charges
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0762255
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113722
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt271081
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3716838
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt48660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0762255
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt113722
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt271081
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3716838
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt48660
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0174
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01589514
IRS990/PYProgramServiceRevenueAmt01436465
IRS990/PYRevenuesLessExpensesAmt0-152875
IRS990/PYTotalExpensesAmt01589514
IRS990/PYTotalRevenueAmt01436639
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-100285
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02390269
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0610309
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0504
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0174
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0269
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0355
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0541
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01843
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01586406
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01436465
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01338763
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01342197
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01316895
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07020726
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0504
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0174
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0269
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0355
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0541
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01843
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt07020726
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01586406
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01436465
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01338763
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01342197
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01316895
IRS990ScheduleA/Total509Grp/TotalAmt07020726
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01586910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01436639
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01339032
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01342552
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01317436
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07022569
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05559331
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05253059
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010812390
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06022
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06022
IRS990ScheduleD/ExpensesSubtotalAmt01687195
IRS990ScheduleD/LandGrp/BookValueAmt0268117
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0268117
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0123565
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0124975
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0248540
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt086486
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0975916
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01062402
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt055123
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt01586910
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06037499
IRS990ScheduleD/TotalExpensesPerForm990Amt01687195
IRS990ScheduleD/TotalLiabilityAmt055123
IRS990ScheduleD/TotalRevenuePerForm990Amt01586910
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01586910
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01687195
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Return is reviewed by management agent on behalf of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06927277
IRS990/TotalAssetsEOYAmt06788037
IRS990/TotalAssetsGrp/BOYAmt06927277
IRS990/TotalAssetsGrp/EOYAmt06788037
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0522762
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01164433
IRS990/TotalFunctionalExpensesGrp/TotalAmt01687195
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05505522
IRS990/TotalLiabilitiesEOYAmt05466567
IRS990/TotalLiabilitiesGrp/BOYAmt05505522
IRS990/TotalLiabilitiesGrp/EOYAmt05466567
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01421755
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01321470

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.09$5.33$1.75$2.73$2.49$0.24
2024Detailed filing. Detailed filing data is available for this year.$6.95$5.44$1.52$2.45$2.34$0.11
2023Detailed filing. Detailed filing data is available for this year.$6.95$5.54$1.41$2.34$2.28$0.05
2022Detailed filing. Detailed filing data is available for this year.$7.04$5.68$1.35$2.23$2.18$0.05
2021Detailed filing. Detailed filing data is available for this year.$7.06$5.77$1.30$2.17$2.04$0.12
2020Detailed filing. Detailed filing data is available for this year.$7.10$5.93$1.17$2.09$1.93$0.16
2019Detailed filing. Detailed filing data is available for this year.$7.08$6.06$1.01$1.82$1.90$0.08
2018Detailed filing. Detailed filing data is available for this year.$7.24$6.14$1.10$1.60$1.83$0.22
2017Detailed filing. Detailed filing data is available for this year.$6.79$5.47$1.32$1.59$1.69$0.10
2016Detailed filing. Detailed filing data is available for this year.$6.93$5.51$1.42$1.44$1.59$0.15
2015Detailed filing. Detailed filing data is available for this year.$4.48$2.91$1.57$1.34$1.38$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.61$3.00$1.61$1.34$1.33$0.01
2013Summary only. Only limited summary data is available for this year.$4.59$2.99$1.60$1.32$1.27$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$1.28$1.55$1.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$1.33$1.58$1.09