JAMES VALLEY APARTMENTS INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: JAMES VALLEY APARTMENTS INC (EIN 46-6016291)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-05-04
IRS object ID: 201231259349301198
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-04T14:51:10-07:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SCHOENFISH & CO INC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 247	AddressLine1
City	PARKSTON	City
State	SD	State
ZIP Code	573660247	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	466016291	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	JAMES VALLEY APARTMENTS INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	JAME	NameControl
Phone	6053875122	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	101 EAST METTLER STREET	AddressLine1
City	MENNO	City
State	SD	State
ZIP Code	57045	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DENNIS AISENBREY	Name
Title	TREASURER/MANAGER	Title
Phone	6053875122	Phone
Date Signed	2012-03-23	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	RANDY R SCHOENFISH	Name
Phone	6059287241	Phone
Date Prepared	2012-05-04	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	DENNIS AISENBREY	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	101 EAST METTLER ST	AddressLine1
City	MENNO	City
State	SD	State
ZIP Code	57045	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	106776	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1967	YearFormation
State Legal Domicile	SD	StateLegalDomicile
Activity Or Mission Description	LOW INCOME RENTAL HOUSING	ActivityOrMissionDescription
Nbr Voting Members Governing Body	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	6	NbrIndependentVotingMembers
Total Nbr Employees	1	TotalNbrEmployees
Total Nbr Volunteers	5	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	40146	ContributionsGrantsPriorYear
Contributions Grants Current Year	44460	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	75529	ProgramServiceRevenuePriorYear
Program Service Revenue CY	62210	ProgramServiceRevenueCY
Investment Income Prior Year	136	InvestmentIncomePriorYear
Investment Income Current Year	106	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	115811	TotalRevenuePriorYear
Total Revenue Current Year	106776	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	15279	SalariesEtcPriorYear
Salaries Etc Current Year	16398	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	96574	OtherExpensePriorYear
Other Expenses Current Year	99968	OtherExpensesCurrentYear
Total Expenses Prior Year	111853	TotalExpensesPriorYear
Total Expenses Current Year	116366	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	3958	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-9590	RevenuesLessExpensesCY
Total Assets BOY	722160	TotalAssetsBOY
Total Assets EOY	708117	TotalAssetsEOY
Total Liabilities BOY	629344	TotalLiabilitiesBOY
Total Liabilities EOY	624891	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	92816	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	83226	NetAssetsOrFundBalancesEOY
Mission Description	LOW INCOME RENTAL HOUSING	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	97560	Expense
Revenue	62210	Revenue
Description	LOW INCOME RENTAL HOUSING-6 BUILDINGS WITH 4 APARTMENTS PER BUILDING AND 99% OCCUPANCY RATE.	Description
Total Program Service Expense	97560	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	1	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	6	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	DENNIS AISENBREY	NamePerson
Telephone Number	6053875122	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	101 EAST METTLER ST	AddressLine1
City	MENNO	City
State	SD	State
ZIP Code	57045	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Key EmployeeKeyEmployee
GARY SCHELSKE
PRESIDENT	1.00	X	X	0	0	0
WESLEY SCHAEFFER
VICE PRESIDENT	1.00	X	X	0	0	0
CINDY AISENBREY
SECRETARY	1.00	X	X	0	0	0
KEN STEPANIK
DIRECTOR	1.00	X		0	0	0
RITA HOFF
DIRECTOR	1.00	X		0	0	0
DENNIS AISENBREY
TREASURER/MANAGER	15.00	X	X	16398	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	16398	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Government Grants	44460	GovernmentGrants
Total Contributions	44460	TotalContributions

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	62210	TotalRevenueColumn

Field	Value	IRS element (for citing)
Total Program Service Revenue	62210	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	106	TotalRevenueColumn

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	106776	TotalRevenueColumn
Related Or Exempt Function Income	62316	RelatedOrExemptFunctionIncome

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	16398	Total
Program Services	0	ProgramServices
Management And General	16398	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	2408	Total
Program Services	0	ProgramServices
Management And General	2408	ManagementAndGeneral
Fundraising	0	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	182	Total
Program Services	182	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	721	Total
Program Services	721	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	33062	Total
Program Services	33062	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	13852	Total
Program Services	13852	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	27308	Total
Program Services	27308	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	6024	Total
Program Services	6024	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
RURAL DEVELOPMENT OVERAGE	3804	3804
R.E. TAXES & LICENSE	4154	4154
REPAIRS & MAINTENANCE	7113	7113
MISCELLANEOUS	936	936

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	404	Total
Program Services	404	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	116366	Total
Program Services	97560	ProgramServices
Management And General	18806	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	48930	BOY
EOY	59040	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	1010007	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	362542	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	671618	BOY
EOY	647465	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	1612	BOY
EOY	1612	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	722160	BOY
EOY	708117	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	3347	BOY
EOY	3053	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	625997	BOY
EOY	621838	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	629344	BOY
EOY	624891	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	92816	BOY
EOY	83226	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	92816	BOY
EOY	83226	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	722160	BOY
EOY	708117	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-9590	ReconcilationRevenueExpenses
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	true	AccountantCompileOrReview
FS Audited	false	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2
Public Support Total170	0	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Public Support Pertcentage170	0	PublicSupportPertcentage170

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	97719	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	103605	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	132549	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	99787	CurrentTaxYearMinus1Year
Current Tax Year	106670	CurrentTaxYear
Total	540330	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	97719	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	103605	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	132549	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	99787	CurrentTaxYearMinus1Year
Current Tax Year	106670	CurrentTaxYear
Total	540330	Total

Field	Value	IRS element (for citing)
Public Support Total509	540330	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	687	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	260	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	122	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	136	CurrentTaxYearMinus1Year
Current Tax Year	106	CurrentTaxYear
Total	1311	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	687	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	260	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	122	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	136	CurrentTaxYearMinus1Year
Current Tax Year	106	CurrentTaxYear
Total	1311	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Total	541641	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.99760	PublicSupportPercentage509
Prior Year Support Percentage	0.99680	PriorYearSupportPercentage
Investment Income Percentage	0.00240	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.00320	PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	9264	InvestmentCostOrOtherBasis
Book Value	9264	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	897658	InvestmentCostOrOtherBasis
Depreciation	293748	Depreciation
Book Value	603910	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	103085	InvestmentCostOrOtherBasis
Depreciation	68794	Depreciation
Book Value	34291	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	647465	TotalOfBookValueLandBuildings

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 11a	THE BOARD APPROVES THE 990 FORM AT A REGULAR BOARD MEETING.
Pt VI, Line 19	ALL FINANCIAL INFORMATION IS AVAILABLE UPON REQUEST.
Form 990, Part IX, Line 24f	TENANT UTILITY PAYMENTS 404. 404. 0. 0.