Civic Intelligence

Wasatch Manor Inc.

990 • Fiscal year 2020 • EIN 87-6125806

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

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

88th percentile

0.83x

Higher debt load relative to assets than 88% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

91st percentile

2.84x

Higher debt load relative to revenue than 91% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

57th percentile

7.7%

Higher net margin than 57% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

30th percentile

0.3%

Faster asset growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

71st percentile

15%

Faster revenue growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$7,101,103

Up $23,215 (+0.3%) from 2019

Net Assets

Up

$1,172,848

Up $159,874 (+16%) from 2019

Liabilities

Down

$5,928,255

Down $136,659 (-2.3%) from 2019

Revenue

Up

$2,087,500

Up $266,673 (+15%) from 2019

Expenses

Up

$1,927,626

Up $22,940 (+1.2%) from 2019

Net Income

Up

$159,874

Up $243,733 (+291%) from 2019

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

2020

Assets$7,101,103
Liabilities$5,928,255
Net Assets$1,172,848

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

2020

Revenue$2,087,500
Expenses$1,927,626
Net Income$159,874
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.0
Gross Receipts
$2,087,500
Mission and Program Overview

Mission

Low income housing for elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,679,517$6,467,888▼ $211,629
Savings and Temporary Cash Investments$297,705$470,271▲ $172,566
Cash and Non-Interest-Bearing Accounts$25,564$71,536▲ $45,972
Prepaid Expenses and Deferred Charges$1,194$39,283▲ $38,089
Accounts Receivable$25,542$7,859▼ $17,683
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$7,077,888$7,101,103▲ $23,215
Other Assets Total$48,366$44,266▼ $4,100
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,863,351$5,752,072▼ $111,279
Accounts Payable and Accrued Expenses$141,558$108,975▼ $32,583
Other Liabilities$59,806$66,887▲ $7,081
Deferred Revenue$199$321▲ $122
Total Liabilities$6,064,914$5,928,255▼ $136,659
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,012,974$1,172,848▲ $159,874
Total Net Assets Fund Balance$1,012,974$1,172,848▲ $159,874
Total Liabilities and Net Assets / Fund Balance$7,077,888$7,101,103▲ $23,215

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,912,257$6,335,429$12,247,686
Other Land Buildings$174,460$1,058,350$1,232,810
Leasehold Improvements$113,054$203,359$316,413
Land$268,117-$268,117
Equipment-$6,022$6,022
Compensation and Service Providers

Board Members and Trustees

NameTitle
Roy CorsiPresident
Normal Dye PhippsVice President
Rick OlsenBoard Member
Warren BrodheadBoard Member
Trudy HendersonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,087,031
Investment Income
$469
Other Revenue
$0
Change in Net Assets
$159,874

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,087,500
Total Revenue per Audited Statements
$2,087,500
Total Revenue per Form 990
$2,087,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,927,626
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$439,727--$439,727
Interest$278,968--$278,968
Occupancy$175,160--$175,160
All Other Expenses$45,062$122,765-$167,827
Fees for Services Management-$119,232-$119,232
Other Expenses$121,160$68,967-$68,967
Fees for Services Accounting-$40,489-$40,489
Insurance$37,384--$37,384
Office Expenses-$36,023-$36,023
Conferences and Meetings-$9,844-$9,844
Advertising-$6,778-$6,778
Fees for Services Legal-$60-$60
Total Functional Expenses$1,356,156$571,470$0$1,927,626

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,927,626
Total Expenses per Audited Statements$1,927,626
Total Expenses per Form 990$1,927,626
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$66,887
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
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
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Simpson and Company
Address
5353 S 960 E STE 102, MURRAY, UT 84117
Preparer
Kenneth R Simpson
Phone
8014845206
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01904686
IRS990/PYProgramServiceRevenueAmt01819816
IRS990/PYRevenuesLessExpensesAmt0-83859
IRS990/PYTotalExpensesAmt01904686
IRS990/PYTotalRevenueAmt01820827
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0159874
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0297705
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0470271
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0469
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0821
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0504
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0174
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02979
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02087031
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01819816
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01602706
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01586406
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01436465
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt08532424
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0469
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0821
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0504
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0174
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02979
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt08532424
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02087031
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01819816
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01602706
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01586406
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01436465
IRS990ScheduleA/Total509Grp/TotalAmt08532424
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02087500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01820827
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01603527
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01586910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01436639
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08535403
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05912257
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06335429
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012247686
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06022
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06022
IRS990ScheduleD/ExpensesSubtotalAmt01927626
IRS990ScheduleD/LandGrp/BookValueAmt0268117
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0268117
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0113054
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0203359
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0316413
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0174460
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01058350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01232810
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt066887
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt02087500
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06467888
IRS990ScheduleD/TotalExpensesPerForm990Amt01927626
IRS990ScheduleD/TotalLiabilityAmt066887
IRS990ScheduleD/TotalRevenuePerForm990Amt02087500
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02087500
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01927626
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07077888
IRS990/TotalAssetsEOYAmt07101103
IRS990/TotalAssetsGrp/BOYAmt07077888
IRS990/TotalAssetsGrp/EOYAmt07101103
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0571470
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01356156
IRS990/TotalFunctionalExpensesGrp/TotalAmt01927626
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06064914
IRS990/TotalLiabilitiesEOYAmt05928255
IRS990/TotalLiabilitiesGrp/BOYAmt06064914
IRS990/TotalLiabilitiesGrp/EOYAmt05928255
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01012974
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01172848
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt017478
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt017478
IRS990/TotalProgramServiceExpensesAmt01356156
IRS990/TotalProgramServiceRevenueAmt02087031
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02087500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02087500
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07077888
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07101103
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt07351 SOUTH UNION PARK AVENUE 250
IRS990/USAddress/CityNm0MIDVALE
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084047
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false

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