Civic Intelligence

Brighton Allston Elderly Homes Inc.

990 • Fiscal year 2013 • EIN 04-2679926

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 23, 2014

Organization ProfileN/A
C/O Corcoran Mgmt CO 100 GrandviewRd No 207Braintree, MA 02184

(781) 849-0011

Siviq Scores

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

Liabilities / Assets

96th percentile

1.38x

Higher debt load relative to assets than 96% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

91st percentile

2.61x

Higher debt load relative to revenue than 91% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

26th percentile

-3.3%

Faster asset growth than 26% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$2,973,432

Down $99,999 (-3.3%) from 2012

Net Assets

Up

-$1,139,503

Up $190,464 (+14%) from 2012

Liabilities

Down

$4,112,935

Down $290,463 (-6.6%) from 2012

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin69th percentile

Revenue

$1,575,053

No earlier filing loaded for comparison.

Expenses

Down

$1,384,589

Down $375,065 (-21%) from 2012

Net Income

$190,464

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$30M$20M$10M$0-$10MAssets 2010: $2,853,004Liabilities 2010: $4,093,192Net Assets 2010: -$1,240,1882010Assets 2011: $2,913,172Liabilities 2011: $4,063,850Net Assets 2011: -$1,150,6782011Assets 2012: $3,073,431Liabilities 2012: $4,403,398Net Assets 2012: -$1,329,9672012Assets 2013: $2,973,432Liabilities 2013: $4,112,935Net Assets 2013: -$1,139,5032013Assets 2014: $3,146,803Liabilities 2014: $4,147,684Net Assets 2014: -$1,000,8812014Assets 2015: $3,169,377Liabilities 2015: $4,302,270Net Assets 2015: -$1,132,8932015Assets 2016: $2,916,985Liabilities 2016: $3,808,507Net Assets 2016: -$891,5222016Assets 2017: $3,339,189Liabilities 2017: $3,674,342Net Assets 2017: -$335,1532017Assets 2018: $3,357,283Liabilities 2018: $3,264,539Net Assets 2018: $92,7442018Assets 2019: $3,351,432Liabilities 2019: $2,892,311Net Assets 2019: $459,1212019Assets 2020: $22,124,990Liabilities 2020: $21,306,926Net Assets 2020: $818,0642020Assets 2021: $22,284,970Liabilities 2021: $20,766,392Net Assets 2021: $1,518,5782021Assets 2022: $20,838,560Liabilities 2022: $20,415,293Net Assets 2022: $423,2672022Assets 2023: $22,869,185Liabilities 2023: $20,006,036Net Assets 2023: $2,863,1492023Assets 2024: $24,654,299Liabilities 2024: $19,541,445Net Assets 2024: $5,112,8542024

Highlighted filing

2013

Assets$2,973,432
Liabilities$4,112,935
Net Assets-$1,139,503
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,116,9312010Expenses 2011: $1,110,8872011Expenses 2012: $1,759,6542012Revenue 2013: $1,575,053Expenses 2013: $1,384,589Net Income 2013: $190,4642013Revenue 2014: $1,603,909Expenses 2014: $1,465,287Net Income 2014: $138,6222014Revenue 2015: $1,648,888Expenses 2015: $1,780,900Net Income 2015: -$132,0122015Revenue 2016: $1,663,526Expenses 2016: $1,422,155Net Income 2016: $241,3712016Revenue 2017: $1,969,623Expenses 2017: $1,413,254Net Income 2017: $556,3692017Revenue 2018: $1,936,656Expenses 2018: $1,508,759Net Income 2018: $427,8972018Revenue 2019: $1,998,547Expenses 2019: $1,632,170Net Income 2019: $366,3772019Revenue 2020: $2,027,816Expenses 2020: $1,668,873Net Income 2020: $358,9432020Revenue 2021: $2,617,009Expenses 2021: $1,885,479Net Income 2021: $731,5302021Revenue 2022: $2,749,826Expenses 2022: $2,073,563Net Income 2022: $676,2632022Revenue 2023: $3,120,435Expenses 2023: $2,121,237Net Income 2023: $999,1982023Revenue 2024: $3,139,494Expenses 2024: $2,059,506Net Income 2024: $1,079,9882024

Highlighted filing

2013

Revenue$1,575,053
Expenses$1,384,589
Net Income$190,464
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 23, 2014
Return Version
2013v3.0
Gross Receipts
$1,575,053
Mission and Program Overview

Mission

To provide affordable rental units for elderly and handicapped persons

To provide eighty rental units of housing on a non-profit basis for elderly or handicapped persons to meet their physical, social and psychological needs

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,764,734$1,847,749▲ $83,015
Cash and Non-Interest-Bearing Accounts$193,795$206,805▲ $13,010
Prepaid Expenses and Deferred Charges$35,766$47,300▲ $11,534
Accounts Receivable$3,432$838▼ $2,594
Total Assets$3,073,431$2,973,432▼ $99,999
Other Assets Total$1,075,704$870,740▼ $204,964
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,784,926$3,730,907▼ $54,019
Accounts Payable and Accrued Expenses$286,056$221,493▼ $64,563
Other Liabilities$308,801$136,113▼ $172,688
Escrow Account Liability$19,390$18,589▼ $801
Deferred Revenue$4,225$5,833▲ $1,608
Total Liabilities$4,403,398$4,112,935▼ $290,463
Net Assets / Fund Balance
Unrestricted Net Assets$-1,329,967$-1,139,503▲ $190,464
Total Net Assets Fund Balance$-1,329,967$-1,139,503▲ $190,464
Total Liabilities and Net Assets / Fund Balance$3,073,431$2,973,432▼ $99,999

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,313,524$2,578,985$3,892,509
Other Land Buildings$277,904$27,780$305,684
Land$256,321-$256,321
Other Assets Org$15,788--
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
James CreamerPresident
Jane MchaleDirector
Jim GibbonsDirector
Karen SmithDirector
Mary DolanDirector
William CorriganDirector
Helena CreamerSecretary
Bob MarshallTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Corcoran Management CompanyManagement Services-$297,765
Revenue and Support

Revenue Composition

Contributions and Grants
$1,002,050
Program Service Revenue
$566,574
Investment Income
$675
Other Revenue
$5,754
Change in Net Assets
$190,464

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,575,053
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$23,220
Total Revenue per Audited Statements
$1,598,273
Total Revenue per Form 990
$1,575,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,384,589
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$755,241--$755,241
Fees for Services Other$210,953--$210,953
Other Expenses$136,113--$136,113
Depreciation Depletion$117,000--$117,000
Fees for Services Management$97,394--$97,394
Office Expenses$47,567--$47,567
Fees for Services Accounting$17,670--$17,670
Fees for Services Legal$1,700--$1,700
All Other Expenses$621--$621
Advertising$330--$330
Total Functional Expenses$1,384,589$0$0$1,384,589

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,407,809
Expenses per Audited Statements$1,384,589
Total Expenses per Form 990$1,384,589
Expenses Not Reported on Form 990$23,220
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Excess Project Funds$136,113
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“James creamer and helena creamer have a family relationship.”

Form 990, Part VI, Section A, Line 3

“The corporation incurred a management fee of $86,812, for the year ended december 31, 2013 due to corcoran management company. The management fee is equal to 5.5% of total gross collections. The agreement is in effect until canceled by hud, the corporation, or the corcoran management company.”

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed by the board president before it is signed”

Form 990, Part VI, Section C, Line 18

“UPON REQUEST”

Form 990, Part VI, Section C, Line 19

“The governing documents, financial statements and the form 990 are made available upon request. The organization does not currently have written policies related to conflicts of interest, whistleblower protection or document retention and destruction.”

Filing and Contact Details

Filer

EIN
04-2679926
Phone
7818490011

Signing Officer

Name
James Creamer
Title
President
Phone
7818490011
Signed
2014-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Creamer
Formed
1978
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Preparer
Kristin E Labonte CPA
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Management services: program service expenses 210,953. Management and general expenses 0. Fundraising expenses 0. Total expenses 210,953.”

Financial Statement Notes

PART IV, LINE 2B:

“The escrow liability amounts of form 990, part x, line 21 consist of tenant security deposits, which are held in a separate bank account. The deposits are refunded to the tenant upon termination of the lease.”

PART X, LINE 2:

“Generally accepted accounting principles in the united states of america (gaap) prescribe a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. For the year ended december 31, 2013, the project has determined that it has not taken any tax positions which would result in an uncertainty requiring recognition in the accompanying financial statements. The corporation recognizes interest and penalties, if any, related to unrecognized tax benefits in interest expense. Generally, the corporation's tax returns remain open for possible federal income tax examination for three years from the filing date. The corporation is not currently under examination by any taxing jurisdiction.”

Raw XML AppendixShowing 400 of 460 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01580365
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0190464
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0572328
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01002050
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01319240
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0939473
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0895430
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0853127
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05009320
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0675
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01025
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01800
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02553
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03377
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09430
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0566574
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0254567
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0253288
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0234986
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0242368
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01551783
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01800
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02553
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03377
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09430
IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/InvestmentIncomePYPct00.00230
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05533
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05836
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt020795
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt020561
IRS990ScheduleA/OtherIncome509Grp/TotalAmt058479
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98980
IRS990ScheduleA/PublicSupportPY509Pct00.98820
IRS990ScheduleA/PublicSupportTotal509Amt06561103
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01573807
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01192761
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01130416
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01095495
IRS990ScheduleA/Total509Grp/TotalAmt06561103
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01575053
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01580365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01200397
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01153764
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01119433
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06629012
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/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01313524
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02578985
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03892509
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt023220
IRS990ScheduleD/DonatedServicesUseFcltsAmt023220
IRS990ScheduleD/ExpensesNotReportedAmt023220
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01384589
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0256321
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0256321
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0154681
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1456194
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt223169
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3157437
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt443619
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt519852
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt615788
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TAX AND INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSIT ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3FINANCING FEES, NET OF ACCUMULATED AMORTIZATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4SPECIAL DEVELOPMENT ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6MORTGAGE INSURANCE PREMIUM ESCROW
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0277904
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027780
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0305684
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0136113
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0EXCESS PROJECT FUNDS
IRS990ScheduleD/RevenueNotReportedAmt023220
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01575053
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ESCROW LIABILITY AMOUNTS OF FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS, WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT UPON TERMINATION OF THE LEASE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA (GAAP) PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FOR THE YEAR ENDED DECEMBER 31, 2013, THE PROJECT HAS DETERMINED THAT IT HAS NOT TAKEN ANY TAX POSITIONS WHICH WOULD RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CORPORATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. GENERALLY, THE CORPORATION'S TAX RETURNS REMAIN OPEN FOR POSSIBLE FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS FROM THE FILING DATE. THE CORPORATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01847749
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0870740
IRS990ScheduleD/TotalExpensesPerForm990Amt01384589
IRS990ScheduleD/TotalLiabilityAmt0136113
IRS990ScheduleD/TotalRevenuePerForm990Amt01575053
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01598273
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01407809
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JAMES CREAMER AND HELENA CREAMER HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION INCURRED A MANAGEMENT FEE OF $86,812, FOR THE YEAR ENDED DECEMBER 31, 2013 DUE TO CORCORAN MANAGEMENT COMPANY. THE MANAGEMENT FEE IS EQUAL TO 5.5% OF TOTAL GROSS COLLECTIONS. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION, OR THE CORCORAN MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE BOARD PRESIDENT BEFORE IT IS SIGNED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE FORM 990 ARE MADE AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT CURRENTLY HAVE WRITTEN POLICIES RELATED TO CONFLICTS OF INTEREST, WHISTLEBLOWER PROTECTION OR DOCUMENT RETENTION AND DESTRUCTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 210,953. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 210,953.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03073431
IRS990/TotalAssetsEOYAmt02973432
IRS990/TotalAssetsGrp/BOYAmt03073431
IRS990/TotalAssetsGrp/EOYAmt02973432
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01002050
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01384589
IRS990/TotalFunctionalExpensesGrp/TotalAmt01384589
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04403398

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,973,432
Liabilities
$4,112,935
Net assets
-$1,139,503
Revenue
$1,575,053
Expenses
$1,384,589
Net income
$190,464
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.7$19.5$5.11$3.14$2.06$1.08
2023Detailed filing. Detailed filing data is available for this year.$22.9$20.0$2.86$3.12$2.12$1.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$20.4$0.42$2.75$2.07$0.68
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.3$20.8$1.52$2.62$1.89$0.73
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.1$21.3$0.82$2.03$1.67$0.36
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$2.89$0.46$2.00$1.63$0.37
2018Detailed filing. Detailed filing data is available for this year.$3.36$3.26$0.09$1.94$1.51$0.43
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.34$3.67$0.34$1.97$1.41$0.56
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.92$3.81$0.89$1.66$1.42$0.24
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.17$4.30$1.13$1.65$1.78$0.13
2014Detailed filing. Detailed filing data is available for this year.$3.15$4.15$1.00$1.60$1.47$0.14
2013Detailed filing. Detailed filing data is available for this year.$2.97$4.11$1.14$1.58$1.38$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$4.40$1.33$1.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$4.06$1.15$1.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$4.09$1.24$1.12