Civic Intelligence

Brighton Allston Elderly Homes Inc.

990 • Fiscal year 2019 • EIN 04-2679926

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 03, 2020

CO 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

90th percentile

0.86x

Higher debt load relative to assets than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

1.45x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

38th percentile

-0.2%

Faster asset growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

48th percentile

3.2%

Faster revenue growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,351,432

Down $5,851 (-0.2%) from 2018

Net Assets

Up

$459,121

Up $366,377 (+395%) from 2018

Liabilities

Down

$2,892,311

Down $372,228 (-11%) from 2018

Revenue

Up

$1,998,547

Up $61,891 (+3.2%) from 2018

Expenses

Up

$1,632,170

Up $123,411 (+8.2%) from 2018

Net Income

Down

$366,377

Down $61,520 (-14%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$3,351,432
Liabilities$2,892,311
Net Assets$459,121

Operations Trend

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

2019

Revenue$1,998,547
Expenses$1,632,170
Net Income$366,377
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 3, 2020
Return Version
2019v5.1
Gross Receipts
$1,998,547
Mission and Program Overview

Mission

To provide affordable rental units for elderly and handicapped persons

The organization's mission is 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$1,660,310$1,498,299▼ $162,011
Cash and Non-Interest-Bearing Accounts$391,925$499,286▲ $107,361
Prepaid Expenses and Deferred Charges$57,935$58,029▲ $94
Accounts Receivable$486$373▼ $113
Total Assets$3,357,283$3,351,432▼ $5,851
Other Assets Total$1,246,627$1,295,445▲ $48,818
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,875,499$2,556,915▼ $318,584
Accounts Payable and Accrued Expenses$366,809$309,182▼ $57,627
Escrow Account Liability$21,786$22,202▲ $416
Deferred Revenue$423$3,935▲ $3,512
Other Liabilities$22$77▲ $55
Total Liabilities$3,264,539$2,892,311▼ $372,228
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$92,744$459,121▲ $366,377
Total Net Assets Fund Balance$92,744$459,121▲ $366,377
Total Liabilities and Net Assets / Fund Balance$3,357,283$3,351,432▼ $5,851

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$540,172$2,988,991$3,529,163
Leasehold Improvements$576,696$239,272$815,968
Other Land Buildings$94,751$407,060$501,811
Land$256,321-$256,321
Equipment$30,359$34,404$64,763
Other Assets Org$2,452--
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Corcoran Management CompanyManagement & Bookkeeping Services100 GRANDVIEW ROAD SUITE 207, Braintree, MA 02184$396,050
Revenue and Support

Revenue Composition

Contributions and Grants
$1,692,226
Program Service Revenue
$296,194
Investment Income
$2,431
Other Revenue
$7,696
Change in Net Assets
$366,377

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,998,547
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$28,416
Total Revenue per Audited Statements
$2,026,963
Total Revenue per Form 990
$1,998,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,632,170
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$863,513--$863,513
Fees for Services Other$276,149--$276,149
Depreciation Depletion$192,370--$192,370
Fees for Services Management$69,758$113,661-$183,419
Office Expenses$72,203$9,506-$81,709
Fees for Services Accounting-$21,980-$21,980
Insurance$12,363--$12,363
Advertising$460--$460
All Other Expenses$109--$109
Other Expenses$55--$55
Fees for Services Legal-$43-$43
Total Functional Expenses$1,486,980$145,190$0$1,632,170

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,660,586
Expenses per Audited Statements$1,632,170
Total Expenses per Form 990$1,632,170
Expenses Not Reported on Form 990$28,416
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$77
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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 $109,821, for the year ended december 31, 2019 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 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, 2019, 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
CO CORCORAN MGMT 100 GRANDVIEW RD, BRAINTREE, MA 02184

Signing Officer

Name
Karen Smith
Title
President
Phone
7818490011
Signed
2020-06-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Smith
Formed
1978
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Management services: program service expenses 276,149. Management and general expenses 0. Fundraising expenses 0. Total expenses 276,149.

Financial Statement Notes

PART IV, LINE 2B:

The escrow liability amounts on 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.

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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/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0RECAPTURE OF RESIDUAL R
IRS990/OtherExpensesGrp/ProgramServicesAmt055
IRS990/OtherExpensesGrp/TotalAmt055
IRS990/OtherLiabilitiesGrp/BOYAmt022
IRS990/OtherLiabilitiesGrp/EOYAmt077
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05832
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05832
IRS990/OtherRevenueTotalAmt07696
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt057935
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058029
IRS990/PrincipalOfficerNm0KAREN SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0296194
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0296194
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01663543
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01644
IRS990/PYOtherExpensesAmt01508759
IRS990/PYOtherRevenueAmt08074
IRS990/PYProgramServiceRevenueAmt0263395
IRS990/PYRevenuesLessExpensesAmt0427897
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01508759
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01936656
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0366377
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0303890
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY INCOME - 2015 AMOUNT: $ 5,881. 2016 AMOUNT: $ 6,478. 2017 AMOUNT: $ 5,974. 2018 AMOUNT: $ 5,527. 2019 AMOUNT: $ 5,832. OTHER INCOME - 2015 AMOUNT: $ 28,781. 2016 AMOUNT: $ 18. 2017 AMOUNT: $ 8,351. 2018 AMOUNT: $ 2,547. 2019 AMOUNT: $ 1,864. TENANT CHARGES - 2015 AMOUNT: $ 496.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01692226
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01663543
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01596040
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01208040
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01182948
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt07342797
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02431
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01644
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0541
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0516
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0526
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05658
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0296194
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0263395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0358717
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0448474
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0430256
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01797036
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02431
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01644
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0541
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0516
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0526
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05658
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt07696
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt08074
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt014325
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt06496
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt035158
IRS990ScheduleA/OtherIncome509Grp/TotalAmt071749
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99160
IRS990ScheduleA/PublicSupportPY509Pct00.99050
IRS990ScheduleA/PublicSupportTotal509Amt09139833
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01988420
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01926938
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01954757
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01656514
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01613204
IRS990ScheduleA/Total509Grp/TotalAmt09139833
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01998547
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01936656
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01969623
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01663526
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01648888
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09217240
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/BookValueAmt0540172
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02988991
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03529163
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt028416
IRS990ScheduleD/DonatedServicesUseFcltsAmt028416
IRS990ScheduleD/EquipmentGrp/BookValueAmt030359
IRS990ScheduleD/EquipmentGrp/DepreciationAmt034404
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt064763
IRS990ScheduleD/ExpensesNotReportedAmt028416
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01632170
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0256321
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0256321
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0576696
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0239272
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0815968
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0265082
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1941398
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt222202
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt344484
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt419827
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt52452
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/BookValueAmt094751
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0407060
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0501811
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt077
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESIDUAL RECEIPTS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt028416
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01998547
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ESCROW LIABILITY AMOUNTS ON 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/TotalBookValueLandBuildingsAmt01498299
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01295445
IRS990ScheduleD/TotalExpensesPerForm990Amt01632170
IRS990ScheduleD/TotalLiabilityAmt077
IRS990ScheduleD/TotalRevenuePerForm990Amt01998547
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02026963
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01660586
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION INCURRED A MANAGEMENT FEE OF $109,821, FOR THE YEAR ENDED DECEMBER 31, 2019 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 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, 2019, 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 276,149. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 276,149.
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

Document Assets

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Filings

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
2019Detailed filing. Detailed filing data is available for this year.$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