Civic Intelligence

Berkshire Fund Inc.

990 • Fiscal year 2013 • EIN 04-2483221

Jan 01, 2013 to Dec 31, 2013 • Filed on May 19, 2014

Organization ProfileN/A
C/O Berkshire Housing 1 Fenn StreetPittsfield, MA 01201

(413) 499-1630

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.63x

Higher debt load relative to assets than 78% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

88th percentile

2.43x

Higher debt load relative to revenue than 88% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

95th percentile

69%

Higher net margin than 95% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

93rd percentile

40%

Faster asset growth than 93% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

98th percentile

275%

Faster revenue growth than 98% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$12,284,361

Up $3,497,535 (+40%) from 2012

Net Assets

Up

$4,575,066

Up $2,185,170 (+91%) from 2012

Liabilities

Up

$7,709,295

Up $1,312,365 (+21%) from 2012

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin95th percentile

Revenue

Up

$3,168,060

Up $2,323,937 (+275%) from 2012

Expenses

Up

$982,890

Up $103,708 (+12%) from 2012

Net Income

Up

$2,185,170

Up $2,220,229 (+6333%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $4,935,871Liabilities 2010: $2,531,728Net Assets 2010: $2,404,1432010Assets 2011: $7,585,943Liabilities 2011: $5,134,580Net Assets 2011: $2,451,3632011Assets 2012: $8,786,826Liabilities 2012: $6,396,930Net Assets 2012: $2,389,8962012Assets 2013: $12,284,361Liabilities 2013: $7,709,295Net Assets 2013: $4,575,0662013Assets 2014: $12,839,531Liabilities 2014: $8,218,776Net Assets 2014: $4,620,7552014Assets 2015: $12,267,733Liabilities 2015: $7,483,105Net Assets 2015: $4,784,6282015Assets 2016: $14,988,276Liabilities 2016: $7,311,806Net Assets 2016: $7,676,4702016Assets 2017: $15,531,835Liabilities 2017: $7,315,353Net Assets 2017: $8,216,4822017Assets 2018: $14,847,579Liabilities 2018: $6,999,671Net Assets 2018: $7,847,9082018Assets 2019: $14,448,098Liabilities 2019: $6,965,300Net Assets 2019: $7,482,7982019Assets 2020: $22,235,339Liabilities 2020: $14,465,440Net Assets 2020: $7,769,8992020Assets 2021: $22,028,483Liabilities 2021: $14,919,963Net Assets 2021: $7,108,5202021Assets 2022: $24,837,195Liabilities 2022: $15,519,263Net Assets 2022: $9,317,9322022Assets 2023: $28,941,797Liabilities 2023: $15,678,795Net Assets 2023: $13,263,0022023Assets 2024: $29,466,477Liabilities 2024: $12,036,223Net Assets 2024: $17,430,2542024

Highlighted filing

2013

Assets$12,284,361
Liabilities$7,709,295
Net Assets$4,575,066
Open 2013 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $327,8332010Revenue 2011: $799,403Expenses 2011: $752,183Net Income 2011: $47,2202011Revenue 2012: $844,123Expenses 2012: $879,182Net Income 2012: -$35,0592012Revenue 2013: $3,168,060Expenses 2013: $982,890Net Income 2013: $2,185,1702013Revenue 2014: $1,130,010Expenses 2014: $1,084,321Net Income 2014: $45,6892014Revenue 2015: $1,522,858Expenses 2015: $1,208,985Net Income 2015: $313,8732015Revenue 2016: $4,213,488Expenses 2016: $1,321,646Net Income 2016: $2,891,8422016Revenue 2017: $1,819,248Expenses 2017: $1,279,236Net Income 2017: $540,0122017Revenue 2018: $937,961Expenses 2018: $1,306,535Net Income 2018: -$368,5742018Revenue 2019: $1,004,669Expenses 2019: $1,369,779Net Income 2019: -$365,1102019Revenue 2020: $3,186,848Expenses 2020: $2,677,191Net Income 2020: $509,6572020Revenue 2021: $1,980,584Expenses 2021: $2,641,963Net Income 2021: -$661,3792021Revenue 2022: $5,007,280Expenses 2022: $2,797,868Net Income 2022: $2,209,4122022Revenue 2023: $2,688,891Expenses 2023: $3,345,445Net Income 2023: -$656,5542023Revenue 2024: $2,510,195Expenses 2024: $2,745,430Net Income 2024: -$235,2352024

Highlighted filing

2013

Revenue$3,168,060
Expenses$982,890
Net Income$2,185,170
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 19, 2014
Return Version
2013v3.1
Gross Receipts
$3,168,060
Mission and Program Overview

Mission

Provide second mortgages to first time homebuyers, rehabilitation of deteriorated housing and operation of rental housing for single parents, their children and low income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,870,349$6,160,048▲ $1,289,699
Other Notes and Loans Receivable, Net$2,921,266$5,138,360▲ $2,217,094
Savings and Temporary Cash Investments$182,891$127,433▼ $55,458
Intangible Assets$90,693$86,512▼ $4,181
Prepaid Expenses and Deferred Charges$33,154$35,718▲ $2,564
Accounts Receivable$5,383$9,932▲ $4,549
Cash and Non-Interest-Bearing Accounts-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$8,786,826$12,284,361▲ $3,497,535
Other Assets Total$683,090$726,358▲ $43,268
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,084,600$7,386,594▲ $1,301,994
Accounts Payable and Accrued Expenses$282,264$286,899▲ $4,635
Other Liabilities$25,176$30,778▲ $5,602
Deferred Revenue$4,890$5,024▲ $134
Total Liabilities$6,396,930$7,709,295▲ $1,312,365
Net Assets / Fund Balance
Unrestricted Net Assets$2,389,896$4,575,066▲ $2,185,170
Total Net Assets Fund Balance$2,389,896$4,575,066▲ $2,185,170
Total Liabilities and Net Assets / Fund Balance$8,786,826$12,284,361▲ $3,497,535

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,180,745$1,247,608$4,428,353
Buildings$2,630,264$642,365$3,272,629
Land$341,632-$341,632
Equipment$7,407$36,523$43,930
Other Assets Org$30,778--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Anthony DoylePresident
Bernard PinsonnaultBoard Member
Crystal GarneauBoard Member
Terry GardnerBoard Member
Catherine CarchediClerk
John Graham IiiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,269,721
Program Service Revenue
$817,452
Investment Income
$3,750
Other Revenue
$77,137
All Other Contributions
$2,266,788
Change in Net Assets
$2,185,170

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,168,060
Total Revenue per Audited Statements
$3,168,060
Total Revenue per Form 990
$3,168,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$851,956
Salaries, Compensation, and Employee Benefits$111,225
Grants and Similar Amounts Paid$19,709
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$241,672--$241,672
Occupancy$124,913--$124,913
Other Salaries and Wages$98,881--$98,881
Interest$71,031$1,063-$72,094
All Other Expenses$68,208$944-$69,152
Insurance$60,837$1,233-$62,070
Fees for Services Management$56,413--$56,413
Fees for Services Accounting$25,283$6,417-$31,700
Grants to Domestic Individuals$19,709--$19,709
Other Expenses$19,277--$19,277
Office Expenses$3,412$4,035-$7,447
Other Employee Benefits$6,227--$6,227
Payroll Taxes$6,117--$6,117
Fees for Services Legal$2,819--$2,819
Advertising$48$1,050-$1,098
Total Functional Expenses$968,148$14,742$0$982,890

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$982,890
Total Expenses per Audited Statements$982,890
Total Expenses per Form 990$982,890
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenants' security deposits payable$30,778
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“A contractual agreement exists where berkshire housing services inc. Is the management agent for the rental properties. All leasing, accounting, and maintenance duties are delegated to the management company. Also, berkshire housing services, inc. Runs classes to educate first time homebuyers about home ownership.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The board of directors will review in detail the form 990 before the form is to be filed.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“It is done on the board level through discussions.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

EIN
04-2483221
Phone
4134991630

Signing Officer

Name
Anthony Doyle
Title
President
Signed
2014-05-19
Discuss with paid preparer
Yes

Organization Details

Formed
1971
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Preparer
Barry J Clairmont
Phone
4134993733
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“Other program services 4: provide rehabilitation of deteriorated housing.”

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IRS990/OtherAssetsTotalGrp/BOYAmt0683090
IRS990/OtherAssetsTotalGrp/EOYAmt0726358
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06227
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06227
IRS990/OtherExpensesGrp/Desc0Repairs
IRS990/OtherExpensesGrp/Desc1Real estate taxes
IRS990/OtherExpensesGrp/Desc2Contract services
IRS990/OtherExpensesGrp/Desc3Rubbish removal
IRS990/OtherExpensesGrp/ProgramServicesAmt090942
IRS990/OtherExpensesGrp/ProgramServicesAmt144259
IRS990/OtherExpensesGrp/ProgramServicesAmt228100
IRS990/OtherExpensesGrp/ProgramServicesAmt319277
IRS990/OtherExpensesGrp/TotalAmt090942
IRS990/OtherExpensesGrp/TotalAmt144259
IRS990/OtherExpensesGrp/TotalAmt228100
IRS990/OtherExpensesGrp/TotalAmt319277
IRS990/OtherLiabilitiesGrp/BOYAmt025176
IRS990/OtherLiabilitiesGrp/EOYAmt030778
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt077137
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt077137
IRS990/OtherRevenueTotalAmt077137
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt098881
IRS990/OtherSalariesAndWagesGrp/TotalAmt098881
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02921266
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05138360
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt06117
IRS990/PayrollTaxesGrp/TotalAmt06117
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt033154
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt035718
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL RECEIPTS
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPMENT FEE
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc3CLASS FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0778159
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt132445
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25378
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31470
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0778159
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt132445
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25378
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31470
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION OF RENTAL HOUSING FOR SINGLE PARENTS AND THEIR CHILDREN.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0237017
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0237004
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE SECOND MORTGAGES TO FIRST TIME HOMEBUYERS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt044832
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt028011
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt033268
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt041944
IRS990/PYInvestmentIncomeAmt05886
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0699655
IRS990/PYOtherRevenueAmt0104172
IRS990/PYProgramServiceRevenueAmt0700797
IRS990/PYRevenuesLessExpensesAmt0-35059
IRS990/PYSalariesCompEmpBnftPaidAmt0137583
IRS990/PYTotalExpensesAmt0879182
IRS990/PYTotalRevenueAmt0844123
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02185170
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0613849
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0182891
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0127433
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02269721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt033268
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0112291
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0148050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt042251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02605581
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03750
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05886
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt09744
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt015434
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt023313
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt058127
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04435919
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0105137
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0104172
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt064023
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt019988
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt030859
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0324179
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87200
IRS990ScheduleA/PublicSupportPY170Pct00.54820
IRS990ScheduleA/PublicSupportTotal170Amt02605581
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02269721
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt033268
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0112291
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0148050
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt042251
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02605581
IRS990ScheduleA/TotalSupportAmt02987887
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02630264
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0642365
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03272629
IRS990ScheduleD/EquipmentGrp/BookValueAmt07407
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036523
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043930
IRS990ScheduleD/ExpensesSubtotalAmt0982890
IRS990ScheduleD/LandGrp/BookValueAmt0341632
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0341632
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03180745
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01247608
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04428353
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0216112
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1251540
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2123292
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3102949
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt41687
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt530778
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Collateral trust fund
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Replacement reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Operating reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Real estate tax and insurance escrows
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Escrow funds
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5Cash - tenants' security deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030778
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenants' security deposits payable
IRS990ScheduleD/RevenueSubtotalAmt03168060
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06160048
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0726358
IRS990ScheduleD/TotalExpensesPerForm990Amt0982890
IRS990ScheduleD/TotalLiabilityAmt030778
IRS990ScheduleD/TotalRevenuePerForm990Amt03168060
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03168060
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0982890
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt019709
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FORGIVENESS OF DEBT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt014
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FORGIVES A PORTION OF THE LOANS RECEIVABLE ON A YEARLY BASIS. THIS IS MONITORED BY MANAGEMENT YEARLY TO ENSURE THAT THE CORRECT AMOUNT IS BEING FORGIVEN.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,284,361
Liabilities
$7,709,295
Net assets
$4,575,066
Revenue
$3,168,060
Expenses
$982,890
Net income
$2,185,170
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.5$12.0$17.4$2.51$2.75$0.24
2023Detailed filing. Detailed filing data is available for this year.$28.9$15.7$13.3$2.69$3.35$0.66
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$15.5$9.32$5.01$2.80$2.21
2021Detailed filing. Detailed filing data is available for this year.$22.0$14.9$7.11$1.98$2.64$0.66
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.2$14.5$7.77$3.19$2.68$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.4$6.97$7.48$1.00$1.37$0.37
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.8$7.00$7.85$0.94$1.31$0.37
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$7.32$8.22$1.82$1.28$0.54
2016Detailed filing. Detailed filing data is available for this year.$15.0$7.31$7.68$4.21$1.32$2.89
2015Detailed filing. Detailed filing data is available for this year.$12.3$7.48$4.78$1.52$1.21$0.31
2014Detailed filing. Detailed filing data is available for this year.$12.8$8.22$4.62$1.13$1.08$0.05
2013Detailed filing. Detailed filing data is available for this year.$12.3$7.71$4.58$3.17$0.98$2.19
2012Summary only. Only limited summary data is available for this year.$8.79$6.40$2.39$0.84$0.88$0.04
2011Summary only. Only limited summary data is available for this year.$7.59$5.13$2.45$0.80$0.75$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.94$2.53$2.40$0.33