Parkside Apartments
Nonprofit profile at a glance
- EIN
- 420983891
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025
- Location
- Algona, IA, USA
- Phone
- 5152952927
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $79,935
- Expenses
- $72,353
- Assets
- $243,425
- Liabilities
- $7,370
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Delane Behr (President)
- Wayne NyGuard (Vice President)
People named in this filing
- Delane Behr (President)
- Wayne NyGuard (Vice President)
- Marilyn Hoffman (Secretary/Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide affordable housing for elderly, disabled and low-income families
What it reported doing in 2025
Provide affordable housing for elderly, disabled and low income families
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 46
- Transparency & Controls: 82
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 44.6%; rating input score 45
- Program expense ratio: 49.3%; rating input score 49
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 9.5%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 3.36; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 1.2% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 0.7% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 7% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 44.6% of revenue deployed · 49.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $36K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
- Moderate — Financial Efficiency: Program expense ratio scored 49/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.