Civic Intelligence

Sun Tower

990 • Fiscal year 2014 • EIN 91-6072232

Jan 01, 2014 to Dec 31, 2014 • Filed on May 07, 2015

6 North 6th StreetYakima, WA 98901

(509) 248-3191

Siviq Scores

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

Liabilities / Assets

95th percentile

1.31x

Higher debt load relative to assets than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

89th percentile

1.84x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

20th percentile

-9.7%

Higher net margin than 20% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

14th percentile

-8.0%

Faster asset growth than 14% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

24th percentile

-7.5%

Faster revenue growth than 24% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$2,035,794

Down $176,945 (-8.0%) from 2013

Net Assets

Down

-$631,057

Down $141,444 (-29%) from 2013

Liabilities

Down

$2,666,851

Down $35,501 (-1.3%) from 2013

Revenue

Down

$1,450,767

Down $118,427 (-7.5%) from 2013

Expenses

Down

$1,592,211

Down $74,272 (-4.5%) from 2013

Net Income

Down

-$141,444

Down $44,155 (-45%) from 2013

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $2,700,006Liabilities 2010: $2,960,177Net Assets 2010: -$260,1712010Assets 2011: $2,495,718Liabilities 2011: $2,870,790Net Assets 2011: -$375,0722011Assets 2012: $2,407,424Liabilities 2012: $2,799,748Net Assets 2012: -$392,3242012Assets 2013: $2,212,739Liabilities 2013: $2,702,352Net Assets 2013: -$489,6132013Assets 2014: $2,035,794Liabilities 2014: $2,666,851Net Assets 2014: -$631,0572014Assets 2015: $1,813,690Liabilities 2015: $2,602,603Net Assets 2015: -$788,9132015Assets 2016: $5,846,684Liabilities 2016: $869Net Assets 2016: $5,845,8152016Assets 2017: $5,872,601Liabilities 2017: $0Net Assets 2017: $5,872,6012017Assets 2018: $5,857,172Liabilities 2018: $0Net Assets 2018: $5,857,1722018Assets 2019: $0Net Assets 2019: $02019

Highlighted filing

2014

Assets$2,035,794
Liabilities$2,666,851
Net Assets-$631,057

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,528,3482010Expenses 2011: $1,612,3642011Revenue 2012: $1,598,167Expenses 2012: $1,615,419Net Income 2012: -$17,2522012Revenue 2013: $1,569,194Expenses 2013: $1,666,483Net Income 2013: -$97,2892013Revenue 2014: $1,450,767Expenses 2014: $1,592,211Net Income 2014: -$141,4442014Revenue 2015: $1,456,792Expenses 2015: $1,614,648Net Income 2015: -$157,8562015Revenue 2016: $7,232,284Expenses 2016: $597,556Net Income 2016: $6,634,7282016Revenue 2017: $35,421Expenses 2017: $8,635Net Income 2017: $26,7862017Revenue 2018: $0Expenses 2018: $15,429Net Income 2018: -$15,4292018Revenue 2019: $0Expenses 2019: $19,290Net Income 2019: -$19,2902019

Highlighted filing

2014

Revenue$1,450,767
Expenses$1,592,211
Net Income-$141,444
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 7, 2015
Return Version
2014v5.0
Gross Receipts
$1,450,767
Mission and Program Overview

Mission

Provide rental housing and meal service to senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,574,964$1,448,848▼ $126,116
Savings and Temporary Cash Investments$202,340$249,246▲ $46,906
Cash and Non-Interest-Bearing Accounts$250,340$149,473▼ $100,867
Accounts Receivable$21,718$23,476▲ $1,758
Prepaid Expenses and Deferred Charges$17,216$14,179▼ $3,037
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$2,212,739$2,035,794▼ $176,945
Other Assets Total$146,161$150,572▲ $4,411
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,570,118$2,510,896▼ $59,222
Accounts Payable and Accrued Expenses$80,741$104,249▲ $23,508
Other Liabilities$51,493$51,706▲ $213
Total Liabilities$2,702,352$2,666,851▼ $35,501
Net Assets / Fund Balance
Temporarily Rstr Net Assets$187,394$187,394→ $0
Unrestricted Net Assets$-677,007$-818,451▼ $141,444
Total Net Assets Fund Balance$-489,613$-631,057▼ $141,444
Total Liabilities and Net Assets / Fund Balance$2,212,739$2,035,794▼ $176,945

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,278,961$3,541,175$4,820,136
Equipment$57,707$554,378$612,085
Land$112,180-$112,180
Other Assets Org$60,039--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie AdamsAdministratorFT$55,414$13,646$69,060

Board Members and Trustees

NameTitle
Bill BoggessPresident
Ann SchultzDirector
Don ScheuffeleDirector
James CowanDirector
Jim CaseDirector
Carl SchilperoortSecretary
Tom OlivaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$246
Program Service Revenue
$1,437,357
Investment Income
$617
Other Revenue
$12,547
All Other Contributions
$246
Change in Net Assets
$-141,444

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,450,767
Total Revenue per Audited Statements
$1,450,767
Total Revenue per Form 990
$1,450,767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$833,013
Other Expenses$759,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$580,150$16,811-$596,961
Occupancy$230,420$24,100-$254,520
Depreciation Depletion$172,176--$172,176
Other Employee Benefits$123,662--$123,662
Current Officers, Directors, Trustees, and Key Employees$35,518$33,542-$69,060
Office Expenses$47,355$4,133-$51,488
Payroll Taxes$38,828$4,502-$43,330
Advertising$21,577$1,138-$22,715
Fees for Services Accounting$12,415$1,379-$13,794
Interest$12,100--$12,100
Conferences and Meetings$6,789$697-$7,486
Other Expenses$3,215$357-$3,572
All Other Expenses$2,850$572-$3,422
Fees for Services Legal$1,823$203-$2,026
Total Functional Expenses$1,504,086$88,125$0$1,592,211

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,592,211
Total Expenses per Audited Statements$1,592,211
Total Expenses per Form 990$1,592,211
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$51,706
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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, Line 8: Explanation of No Contemporaneously Documentation of Meetings

The only Committee of the Governing Body during 2013 was the Nominating Committee. The Nominating Committee does not maintain minutes of the meeting. However, the nominating committee reports its actions and decisions to the Governing Body. The Nominating Committee's report is documented in the minutes of the Governing Body.

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

The Board of Directors, Administrator, and Bookkeeper review a copy of Form 990 before filing. The 990 is approved by the Board of Directors before it is filed with the IRS.

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

The Governing Board is presented with the Conflict of interest policy annually for their review and consideration.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Governing Body reviews and approves the Administrator's compensation and uses a salary survey to review salaries. Documentation is maintained in the minutes.

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

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
Sun Tower
EIN
91-6072232
Phone
5092483191
Address
6 NORTH 6TH STREET, YAKIMA, WA 98901

Signing Officer

Name
Julie Adams
Title
Administrator
Signed
2015-05-07
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
48

Preparer

Firm
Petersen CPAs & Advisors PLLC
Address
3702 Kern Road, Yakima, WA 98902
Preparer
Abby M Sanders CPA CFE
Phone
5095751040
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Federal income taxes are riot reflected in the financial statements due to the Organization's tax exempt status under the applicable provisions of the Internal Revenue Code, Section 501(c)(3). The Organization is not considered a private foundation.Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Organization and recognize a tax liability (or asset) if the Organization has taken uncertain positions that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken by the Organization, and has concluded that as of December 31, 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Organization is subject to audits by taxing authorities: however, there are currently no audits for any tax periods in progress. Management believes the Organization is no longer subject to examinations by taxing authorities for years prior to 2011.

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