Prairie View Leasing FY2020 filing

Tax-deductible

Sanborn, IA501(c)(3)Since 1997HousingEIN 42-1467496Revenue $6.5M in FY2020

On file with the IRS610 N Eastern St, 51248-1089 · Sanborn, IATax-exempt since Feb 2001Publicly supported — 509(a)(2)

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To provide assistance to the aged of the community by means of meeting their medical, physical & social needs by the operation of an independent & assisted living facility, alzheimers

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$147K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $12K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$147K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $16K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.5M
Spent
$5.7M
To programs
91%
Net assets
$7.1M
By yearFY2020–FY2025
Revenue
$6.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6.5M
FY2021$5.5M
FY2022$4.5M
FY2023$4.3M
FY2024$4.7M
FY2025$5.4M
Expenses
$5.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.7M
FY2021$5.4M
FY2022$4.9M
FY2023$4.9M
FY2024$4.9M
FY2025$5.2M
Net assets
$7.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$7.1M
FY2021$7.2M
FY2022$6.8M
FY2023$6.2M
FY2024$6.0M
FY2025$6.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $5.2M Management & general 9% · $499K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $147K paid to officers and key staff.

Part VII, Section A · reportable compensation
Administrato
$147,251Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A

Wendy Nelson’s $176K as Administrato is at the 81st 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Wendy Nelson$176,362$172,888$171,003$152,630$148,073$147,251
Nancy Wesselink$120,778$124,720$131,274———
Rachel Wilson$115,445$114,768$113,568———

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports seniors' medical, physical, and social needs through independent and assisted living.

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Provided by the organization

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1 program · $5.2M · in their own filed words · FY2020
01

Quality health care services were provided to the residents of sanborn, ia through the operation of a 73 bed nursing home, a 16 apartment assisted living facility and an 18 apartment independent living facility.

$5.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$16K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.5M
Ln 12
Fees for servicesLn 2g$5.8M
Gifts and grantsLn 1h$767K
Investment incomeLn 3$6K
Money outPt IX
$5.7M
Ln 25
Programscol B$5.2M
Managementcol C$499K
Owns and owesPt X
$7.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$8.8M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$767K
Government grantsLn 1e$763K
Fees for servicesLn 2g$5.8M
Investment incomeLn 3$6K
Total revenueLn 12$6.5M
Assets in detailPt X, end of year
CashLn 1$2.8M
Cash and savings togetherLn 1–2$2.8M
Land, buildings, equipmentLn 10c$5.6M
Total assetsLn 16$8.8M
LiabilitiesLn 26$1.7M
Net assetsLn 32$7.1M
OperationsPt I, VI
EmployeesI 5145
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.9M$2.8M
Land, buildings, equipmentLn 10c$5.8M$5.6M
Total assetsLn 16$8.1M$8.8M
LiabilitiesLn 26$1.8M$1.7M
Net assetsLn 32$6.2M$7.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$147K$147K
Other salaries and wagesLn 7$3.4M$3.2M$103K
Pension plan contributionsLn 8$81K$76K$6K
Other employee benefitsLn 9$206K$191K$15K
Payroll taxesLn 10$267K$248K$19K
Accounting feesLn 11c$16K$16K
Advertising and promotionLn 12$23K$23K
OccupancyLn 16$428K$380K$49K
InterestLn 20$57K$57K
Depreciation, depletion and amortizationLn 22$372K$372K
InsuranceLn 23$148K$137K$11K
Other expenses (24a–d)Ln 24$628K$516K$111K
Total functional expensesLn 25$5.7M$5.2M$499K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.4M$5.2M$204K$6.2M 990 PDF
FY2024 $4.7M$4.9M−$268K$6.0M 990 PDF
FY2023 $4.3M$4.9M−$559K$6.2M 990 PDF
FY2022 $4.5M$4.9M−$430K$6.8M 990 PDF
FY2021 $5.5M$5.4M$163K$7.2M 990 PDF
FY2020 Viewing $6.5M$5.7M$817K$7.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $6,542,901 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,177$767,203
I-9 Program service revenuePrior year $5,726,379$5,769,601
I-10 Investment incomePrior year $29,481$6,097
I-11 Other revenue$0
I-12 Total revenuePrior year $5,757,037$6,542,901
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,806,667$4,053,606
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,767,076$1,671,973
I-18 Total expensesPrior year $5,573,743$5,725,579
I-19 Revenue less expensesPrior year $183,294$817,322
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,542,901 across 6 lines filed
VIII-1e Government grants$762,923
VIII-1f All other contributions, gifts and grants$4,280
VIII-1h Total contributions, gifts and grants$767,203
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,769,601$5,769,601
VIII-3 Investment incomeRelated to mission $6,097$6,097
VIII-12 Total revenueRelated to mission $5,775,698$6,542,901
Part IX · Statement of functional expenses $5,725,579 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $147,251$147,251
IX-7 Other salaries and wagesPrograms $3,248,154 · Management $103,184$3,351,338
IX-8 Pension plan contributionsPrograms $75,518 · Management $5,822$81,340
IX-9 Other employee benefitsPrograms $191,490 · Management $14,765$206,255
IX-10 Payroll taxesPrograms $248,310 · Management $19,112$267,422
IX-11c Accounting feesManagement $15,526$15,526
IX-12 Advertising and promotionManagement $23,470$23,470
IX-16 OccupancyPrograms $379,876 · Management $48,608$428,484
IX-20 InterestPrograms $56,539$56,539
IX-22 Depreciation, depletion and amortizationPrograms $372,423$372,423
IX-23 InsurancePrograms $137,402 · Management $10,593$147,995
IX-24 Other expenses (24a–d)Programs $516,441 · Management $111,095$627,536
IX-25 Total functional expensesPrograms $5,226,153 · Management $499,426 · Fundraising $0$5,725,579
Part X · Balance sheet $8,785,786 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,914,882$2,847,253
X-4 Accounts receivableStart of year $269,296$164,700
X-9 Prepaid expenses and deferred chargesStart of year $89,807$176,134
X-10c Land, buildings and equipment, netStart of year $5,778,498$5,597,699
X-16 Total assetsStart of year $8,052,483$8,785,786
X-17 Accounts payable and accrued expensesStart of year $565,541$457,151
X-19 Deferred revenue$241,938
X-26 Total liabilitiesStart of year $1,804,190$1,720,171
X-27 Net assets without donor restrictionsStart of year $6,248,293$7,065,615
X-32 Total net assets or fund balancesStart of year $6,248,293$7,065,615
X-33 Total liabilities and net assetsStart of year $8,052,483$8,785,786
Part XI · Reconciliation of net assets $7,065,615 net assets at year end
XI-1 Total revenue$6,542,901
XI-2 Total expenses$5,725,579
XI-3 Revenue less expenses$817,322
XI-4 Net assets at start of year$6,248,293
XI-10 Net assets at end of year$7,065,615

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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