Form 990 for tax year 2023

Filed by CENTRAL IOWA RESIDENTIAL SERVICES INC.

Totals

Total revenue: $8,503,335
Total expenses: $8,371,833
Contributions and grants received: $89,828
Grants paid: $0
Program service revenue: $8,353,879
Investment income: $45,496
Other revenue: $14,132
Total assets, end of year: $5,831,934
Total liabilities, end of year: $960,448
Net assets or fund balances, end of year: $4,871,486
Program services expenses (Part IX): $7,074,162
Management and general expenses: $1,297,671
Fundraising expenses: $0
Program service expenses (Part III): $7,074,162

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1f · All other contributions, gifts and grants

$89,828
2a · Program service revenue: PROGRAM SERVICE REVENU

total $8,353,879 · related or exempt $8,353,879
3 · Investment income

total $45,496 · related or exempt $45,496
11a · Other revenue: MISCELLANEOUS

total $14,132 · related or exempt $14,132
11e · Other revenue, total

$14,132

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $186,472 · management and general $186,472
7 · Other salaries and wages

total $5,167,741 · program services $4,627,768 · management and general $539,973
8 · Pension plan contributions

total $94,908 · program services $64,266 · management and general $30,642
9 · Other employee benefits

total $1,588,361 · program services $1,424,242 · management and general $164,119
10 · Payroll taxes

total $410,188 · program services $357,261 · management and general $52,927
11a · Fees: management

total $1,200 · management and general $1,200
11c · Fees: accounting

total $31,191 · program services $410 · management and general $30,781
11g · Fees: other

total $33,002 · management and general $33,002
12 · Advertising and promotion

total $1,692 · management and general $1,692
13 · Office expenses

total $31,109 · program services $2,335 · management and general $28,774
14 · Information technology

total $11,198 · program services $11,198
16 · Occupancy

total $165,570 · program services $128,352 · management and general $37,218
17 · Travel

total $164,083 · program services $140,139 · management and general $23,944
19 · Conferences, conventions and meetings

total $22,885 · program services $16,840 · management and general $6,045
20 · Interest

total $33,503 · program services $7,952 · management and general $25,551
22 · Depreciation, depletion and amortization

total $96,635 · program services $53,259 · management and general $43,376
23 · Insurance

total $182,458 · program services $170,500 · management and general $11,958
24a · Other expenses: BUILDING AND GROUNDS

total $65,537 · program services $36,888 · management and general $28,649
24b · Other expenses: SUPPLIES

total $19,333 · program services $2,978 · management and general $16,355
24c · Other expenses: FOOD

total $17,965 · program services $11,806 · management and general $6,159
24d · Other expenses: COMPUTER EXPENSE

total $14,766 · management and general $14,766
24e · All other expenses

total $32,036 · program services $17,968 · management and general $14,068

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $400,162 · end of year $736,926
2 · Savings and temporary cash investments

beginning of year $1,821,091 · end of year $1,942,202
4 · Accounts receivable

beginning of year $688,438 · end of year $434,408
9 · Prepaid expenses and deferred charges

beginning of year $27,644 · end of year $30,407
10a · Land, buildings and equipment: cost or other basis

$3,662,038
10b · Land, buildings and equipment: accumulated depreciation

$2,203,210
10c · Land, buildings and equipment, net

beginning of year $1,525,518 · end of year $1,458,828
12 · Investments: other securities

beginning of year $1,208,172 · end of year $1,229,163
17 · Accounts payable and accrued expenses

beginning of year $328,983 · end of year $313,660
19 · Deferred revenue

beginning of year $20,000 · end of year $120,000
23 · Secured mortgages and notes payable

beginning of year $582,058 · end of year $526,788
27 · Net assets without donor restrictions

beginning of year $4,739,984 · end of year $4,871,486

Mission and programs · 2023

Mission

TO PROVIDE INDIVIDUALIZED SERVICES TO CHILDREN AND ADULTS WHO HAVE INTELLECTUAL AND DEVELOPMENTAL DISABILITIES; HELPING THEM ACHIEVE GREATER INDEPENDENCE THROUGH LIVING, LEARNING AND DOING.

TO PROVIDE INDEPENDENT LIVING FOR CHILDREN AND ADULTS WHO HAVE INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN THE COMMUNITY AND SURROUNDING AREAS. APPROXIMATELY 185-200 CLIENTS SERVED.

Expenses $7,074,162 · Revenue $8,413,507

As filed on the 2023 return.

Listed in Part VII

Brad IversonBRAD IVERSON

PRESIDENT

Total calculated

$0

Hours/week

2
Eldon SchneiderELDON SCHNEIDER

DIRECTOR

Total calculated

$0

Hours/week

1
Shirley ClementSHIRLEY CLEMENT

SECRETARY

Total calculated

$0

Hours/week

2
Chad FreseCHAD FRESE

DIRECTOR

Total calculated

$0

Hours/week

1
Monica SchneiderMONICA SCHNEIDER

TREASURER

Total calculated

$0

Hours/week

2
Shiela KiellySHIELA KIELLY

DIRECTOR

Total calculated

$0

Hours/week

1
Nancy BeckNANCY BECK

VICE-PRESIDENT

Total calculated

$0

Hours/week

2
Jeff VanceJEFF VANCE

EXECUTIVE DIRECTOR

Total calculated

$186,472

From this org

$146,403

From related orgs

$0

Other

$40,069

Hours/week

40

Schedule J breakdown matched by us

Base

$146,403

Bonus

$0

Other

$0

Deferred

$5,856

Nontaxable benefits

$34,213

Filer's total

$186,472

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 19 September 2024
IRS schema version: 2023v5.1
Source object: 202433179349302403

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