Afton Manor INC EIN 42-0960165

Afton Manor INC

EIN  42-0960165 Membership association Afton, IA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides affordable apartments for 24 qualified families.
Leadership
Gary Clear · Manager · $13K
Money in and out
$339K revenue, $87K expenses
Bottom line
+74% operating surplus

Provides affordable apartments for 24 qualified families. For fiscal year 2023 it reported $339K in revenue, $87K in expenses, and $435K in net assets.Pt I

Membership & operating revenue · FY2023
Total revenue
$339K
Pt VIII · Ln 12
Total expenses
$87K
Pt IX · Ln 25
Net assets
$435K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $252K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
+74%
revenue over expenses▲ +325% vs prior filing year
Earned revenue
23%
of revenue from program services & dues▼ -77% vs prior filing year
Payroll share
20%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$339K
FY2023▲ +184%
Total revenue
$339K
Pt VIII · Ln 12
Total expenses
$87K
Pt IX · Ln 25
Net assets
$435K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$252K
Total assetsPt X · Ln 16$435K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $87K of program spending, described in the organization's own filed words · FY2023.
01

Low rent apartments for 24 qualified households

$87Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAfton Manor INC
EINHdr · item D42-0960165
Principal addressHdr · item CAfton, IA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFHousing (L22Z)
Ruling yearIRS BMFOct 1971

Governance & Policies

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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Manager
$13,360Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Gary Clear’s $13K as Manager is at the 40th percentile of top reported officer pay among 139 <$100K 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 · 1 named individual · Part VII

NameFY2023FY2021FY2020
Gary Clear$13,360$14,033$17,255

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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Statement of Revenue

Part VIII
Investment income$261K · 77%
Program service revenue$78K · 23%
Investment income77%$261K
Program service revenue23%$78K
Total revenueLn 12$339K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$87K
Total functional expensesLn 25$87K

Balance Sheet

Part X · end of year
CashLn 1$435K
Total assetsLn 16$435K
Total liabilitiesLn 26$0
Total net assetsLn 32$435K
Months of cash on handcomputed60.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $435K · Operating expenses/yr $87K
60.1 months
Where the money goes
Program services
Program services $87K · Total expenses $87K
100%
Management & General
Management & general $0 · Total expenses $87K
0%
Fundraising
Fundraising $0 · Total expenses $87K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $339K
0%
Government reliance
Government grants — · Total revenue $339K
Earned-income share
Program service revenue $78K · Total revenue $339K
23%
Investment reliance
Investment income $261K · Total revenue $339K
+77%
Program self-sufficiency
Program service revenue $78K · Total expenses $87K
90%
Growth & trend
Revenue growth (YoY)
This year $339K · Prior year $119K
+184%
Net-asset trend (YoY)
End of year $435K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $339K · Expenses $87K
+74%
Liabilities-to-Assets
Total liabilities — · Total assets $435K
Net-asset ratio
Net assets $435K · Total assets $435K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $435K
0%
People & payroll
Highest Reported Total Compensation
Individual Gary Clear · Reported title MANAGER · Highest reported compensation $13K · Total expenses $87K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $18K · Total expenses $87K
20%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth 184%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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
FY2023 (Latest)$339K revenue · viewing · ⤓ 990 PDF
FY2022$119K revenue · ⤓ 990 PDF
FY2021$116K revenue · ⤓ 990 PDF
FY2020$114K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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