Civic Intelligence

Brighton Allston Elderly Homes Inc.

990 • Fiscal year 2016 • EIN 04-2679926

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 11, 2017

Organization ProfileN/A
C/O Corcoran Mgmt 100 Grandview RdBraintree, MA 02184

(781) 849-0011

Siviq Scores

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

Liabilities / Assets

95th percentile

1.31x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

2.29x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

75th percentile

15%

Higher net margin than 75% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

15th percentile

-8.0%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

44th percentile

0.9%

Faster revenue growth than 44% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$2,916,985

Down $252,392 (-8.0%) from 2015

Net Assets

Up

-$891,522

Up $241,371 (+21%) from 2015

Liabilities

Down

$3,808,507

Down $493,763 (-11%) from 2015

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin75th percentile

Revenue

Up

$1,663,526

Up $14,638 (+0.9%) from 2015

Expenses

Down

$1,422,155

Down $358,745 (-20%) from 2015

Net Income

Up

$241,371

Up $373,383 (+283%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2016

Assets$2,916,985
Liabilities$3,808,507
Net Assets-$891,522
Open 2016 Filing

Operations Trend

Revenue Growth44th percentile

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

2016

Revenue$1,663,526
Expenses$1,422,155
Net Income$241,371
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 11, 2017
Return Version
2016v3.0
Gross Receipts
$1,663,526
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$1,820,354$1,729,565▼ $90,789
Cash and Non-Interest-Bearing Accounts$127,776$135,391▲ $7,615
Accounts Receivable$119,010--
Intangible Assets$111,479$0▼ $111,479
Prepaid Expenses and Deferred Charges$64,280$58,176▼ $6,104
Total Assets$3,169,377$2,916,985▼ $252,392
Other Assets Total$926,478$993,853▲ $67,375
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,862,972$3,472,232▼ $390,740
Accounts Payable and Accrued Expenses$235,735$230,014▼ $5,721
Other Liabilities$179,887$82,628▼ $97,259
Escrow Account Liability$19,191$19,840▲ $649
Deferred Revenue$4,485$3,793▼ $692
Total Liabilities$4,302,270$3,808,507▼ $493,763
Net Assets / Fund Balance
Unrestricted Net Assets$-1,132,893$-891,522▲ $241,371
Total Net Assets Fund Balance$-1,132,893$-891,522▲ $241,371
Total Liabilities and Net Assets / Fund Balance$3,169,377$2,916,985▼ $252,392

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$771,712$2,757,451$3,529,163
Leasehold Improvements$389,942$123,293$513,235
Other Land Buildings$299,836$193,760$493,596
Land$256,321-$256,321
Equipment$11,754$22,650$34,404
Other Assets Org$6,989--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Karen SmithPresident
ANTHONY D'ISIDORODirector
David McnairDirector
Jane MchaleDirector
Mary DolanDirector
William CorriganDirector
James GibbonsClerk
Robert MarshallTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Corcoran Management CompanyManagement Services100 GRANDVIEW ROAD SUITE 207, Braintree, MA 02184$318,726
Revenue and Support

Revenue Composition

Contributions and Grants
$1,208,040
Program Service Revenue
$448,474
Investment Income
$516
Other Revenue
$6,496
Change in Net Assets
$241,371

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,663,526
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$24,564
Total Revenue per Audited Statements
$1,688,090
Total Revenue per Form 990
$1,663,526
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,422,155
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$738,567--$738,567
Fees for Services Other$223,414--$223,414
Depreciation Depletion$174,586--$174,586
Fees for Services Management$100,776--$100,776
Other Expenses$82,637--$82,637
Office Expenses$64,972--$64,972
Fees for Services Accounting$19,090--$19,090
Insurance$14,757--$14,757
Fees for Services Legal$2,637--$2,637
All Other Expenses$405--$405
Advertising$314--$314
Total Functional Expenses$1,422,155$0$0$1,422,155

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,446,719
Expenses per Audited Statements$1,422,155
Total Expenses per Form 990$1,422,155
Expenses Not Reported on Form 990$24,564
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
Residual Receipts Payable$82,628
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 3

“The corporation incurred a management fee of $91,472, for the year ended december 31, 2016 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. As approved by hud, additional management fees were incurred per the better building challenge program, effective june 2014. The additional fees are equal to $4 per unit per month. During the year ended december 31, 2016, additional management fees of $3,840 were incurred and paid.”

Form 990, Part VI, Section B, Line 11B

“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

Filer Name
Brighton Allston Elderly Homes Inc
EIN
04-2679926
Phone
7818490011
Address
C/O CORCORAN MGMT 100 GRANDVIEW RD, BRAINTREE, MA 02184

Signing Officer

Name
Karen Smith
Title
President
Phone
7818490011
Signed
2017-10-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Smith
Formed
1978
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Kevin P Martin Associates Pc
Address
10 FORBES WEST, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Management services: program service expenses 223,414. Management and general expenses 0. Fundraising expenses 0. Total expenses 223,414.”

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.”

Raw XML AppendixShowing 400 of 466 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/PrincipalOfficerNm0KAREN SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0448474
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0448474
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01182948
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0526
IRS990/PYOtherExpensesAmt01780900
IRS990/PYOtherRevenueAmt035158
IRS990/PYProgramServiceRevenueAmt0430256
IRS990/PYRevenuesLessExpensesAmt0-132012
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01780900
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01648888
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0241371
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0454970
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01208040
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01182948
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01187623
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01002050
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01319240
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05899901
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0516
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0526
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0638
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0675
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01025
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03380
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0448474
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0430256
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0400016
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0566574
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0254567
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02099887
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0516
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0526
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0638
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0675
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03380
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt06496
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt035158
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt015632
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05754
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05533
IRS990ScheduleA/OtherIncome509Grp/TotalAmt068573
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99110
IRS990ScheduleA/PublicSupportPY509Pct00.99050
IRS990ScheduleA/PublicSupportTotal509Amt07999788
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01656514
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01613204
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01587639
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01568624
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01573807
IRS990ScheduleA/Total509Grp/TotalAmt07999788
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01663526
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01648888
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01603909
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01575053
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01580365
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08071741
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/BookValueAmt0771712
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02757451
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03529163
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt024564
IRS990ScheduleD/DonatedServicesUseFcltsAmt024564
IRS990ScheduleD/EquipmentGrp/BookValueAmt011754
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022650
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034404
IRS990ScheduleD/ExpensesNotReportedAmt024564
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01422155
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0256321
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0256321
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0389942
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0123293
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0513235
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0197266
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1702488
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt223182
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt344162
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt419766
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt56989
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TAX AND INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSIT ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3SPECIAL DEVELOPMENT ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5MORTGAGE INSURANCE PREMIUM ESCROW
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0299836
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0193760
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0493596
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt082628
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESIDUAL RECEIPTS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt024564
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01663526
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/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01729565
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0993853
IRS990ScheduleD/TotalExpensesPerForm990Amt01422155
IRS990ScheduleD/TotalLiabilityAmt082628
IRS990ScheduleD/TotalRevenuePerForm990Amt01663526
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01688090
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01446719
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION INCURRED A MANAGEMENT FEE OF $91,472, FOR THE YEAR ENDED DECEMBER 31, 2016 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. AS APPROVED BY HUD, ADDITIONAL MANAGEMENT FEES WERE INCURRED PER THE BETTER BUILDING CHALLENGE PROGRAM, EFFECTIVE JUNE 2014. THE ADDITIONAL FEES ARE EQUAL TO $4 PER UNIT PER MONTH. DURING THE YEAR ENDED DECEMBER 31, 2016, ADDITIONAL MANAGEMENT FEES OF $3,840 WERE INCURRED AND PAID.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE BOARD PRESIDENT BEFORE IT IS SIGNED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 223,414. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 223,414.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03169377
IRS990/TotalAssetsEOYAmt02916985
IRS990/TotalAssetsGrp/BOYAmt03169377
IRS990/TotalAssetsGrp/EOYAmt02916985
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01208040
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01422155
IRS990/TotalFunctionalExpensesGrp/TotalAmt01422155
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04302270

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,916,985
Liabilities
$3,808,507
Net assets
-$891,522
Revenue
$1,663,526
Expenses
$1,422,155
Net income
$241,371
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
2016Detailed filing. Detailed filing data is available for this year.$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