Colonial View Ltd FY2022 filing

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EIN 39-1334520 Public charity (501(c)(3)) Sun Prairie, WI NTEE L22Z
Form 990 (PDF)

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Revenue & expenses by yearFY2021–FY2025
Revenue
$970K
FY2022▲ +0.9%
Expenses
$689K
FY2022▼ -1%

Form 990 for the fiscal year ending September 2022 (IRS tax year 2021).


Provides housing for low-income elderly and mobility-impaired individuals. For fiscal year 2022 it reported $970K in revenue, $689K in expenses, and $1.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Sun Prairie, WI
Website
www.colonialviewapartments.org
Filings
5 on file (2021–2022)
Revenue
$970KFY2022
Expenses
$689K
Net assets
$1.1M
People
6
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Provided by the organization

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Size
$1–10M
What they do
Provides housing for low-income elderly and mobility-impaired individuals.
Leadership
Kara Premus · Administrator · $80K
Money in and out
$970K revenue, $689K expenses
Bottom line
61% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

WARNING

61% to programs

61% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$1–10M · ↑ +0.9% vs prior year

Revenue band $1–10M, +0.9% versus the prior filing year (up). See detail →

Where the money goes · FY2022
Total revenue
$970K
Pt VIII · Ln 12
Total expenses
$689K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $282K
Where spending went · Part IX cols B–D
Program services $0.61 Management & general $0.39
Program efficiency
61%
of spending reaches programs
Operating runway
27.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$2.7M
FY2022+0.2%
Total liabilities
$1.7M
FY2022▼ -7%
Revenue less expensesPt I · Ln 19$282K
Total assetsPt X · Ln 16$2.7M
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CColonial View Ltd
EINHdr · item D39-1334520
Principal addressHdr · item CSun Prairie, WI
WebsiteHdr · item Jwww.colonialviewapartments.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L22Z)
Ruling yearIRS BMFAug 1979

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Administrator
$79,560Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Karalee Premus’s $95K as Administrator is at the 29th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Karalee Premus$95,179$81,913———
Kara Premus——$70,960$79,560$75,838

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $419K of program spending, described in the organization's own filed words · FY2021.
01

Colonial view, LTD. Provides 94 dwelling units to low- and moderate-income elderly and mobility-impaired persons in sun prairie, wisconsin.

$419Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$554K · 57%
Program service revenue$380K · 39%
Investment income$21K · 2%
Other revenue$16K · 2%
Contributions & grants57%$554K
Program service revenue39%$380K
Investment income2%$21K
Other revenue2%$16K
— government grantsLn 1e$554K
Total revenueLn 12$970K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.39
Program services61%$419K
Management & general39%$269K
Total functional expensesLn 25$689K

Balance Sheet

Part X · end of year
CashLn 1$147K
Total assetsLn 16$2.7M
Total liabilitiesLn 26$1.7M
Total net assetsLn 32$1.1M
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses/yr $689K
27.5 months
Where the money goes
Program services
Program services $419K · Total expenses $689K
61%
Management & General
Management & general $269K · Total expenses $689K
39%
Fundraising
Fundraising $0 · Total expenses $689K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $554K · Total revenue $970K
57%
Government reliance
Government grants $554K · Total revenue $970K
57%
Earned-income share
Program service revenue $380K · Total revenue $970K
39%
Investment reliance
Investment income $21K · Total revenue $970K
+2%
Program self-sufficiency
Program service revenue $380K · Total expenses $689K
55%
Growth & trend
Revenue growth (YoY)
This year $970K · Prior year $961K
+0.9%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $970K · Expenses $689K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $2.7M
—
Net-asset ratio
Net assets $1.1M · Total assets $2.7M
40%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $825K · Other securities (Pt X, ln 12) $606K · Total assets (Pt X, ln 16) $2.7M
52%
People & payroll
Highest Reported Total Compensation
Individual Kara Premus · Reported title ADMINISTRATOR · Highest reported compensation $80K · Total expenses $689K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $328K · Total expenses $689K
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 61%——
Overhead ratio 39%——
Fundraising cost ratio 0%——
Revenue growth 0.9%——
Investment management fee ratio 0.3%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2024$1.0M revenue · ⤓ 990 PDF
FY2023$980K revenue · ⤓ 990 PDF
FY2022$970K revenue · viewing · ⤓ 990 PDF
FY2021$961K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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