Liabilities / Assets
78th percentile
Higher debt load relative to assets than 78% of similar nonprofits.
EIN 04-2704682 • 501(c)2 • Charlestown, MA
Profile
To provide housing to the elderly in a 30 unit complex in charlestown, ma.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
78th percentile
Higher debt load relative to assets than 78% of similar nonprofits.
Liabilities / Revenue
58th percentile
Higher debt load relative to revenue than 58% of similar nonprofits.
Net Margin
55th percentile
Higher net margin than 55% of similar nonprofits.
Top Officer Pay
40th percentile
Higher top officer pay than 40% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
74th percentile
Faster asset growth than 74% of similar nonprofits.
Revenue Growth
63rd percentile
Faster revenue growth than 63% of similar nonprofits.
Assets
Up$5,160,409
Up $213,108 (+4.3%) from 2023
Liabilities
Down$4,204,132
Down $68,544 (-1.6%) from 2023
Net Assets
Up$956,277
Up $281,652 (+42%) from 2023
Revenue
Up$1,305,354
Up $77,169 (+6.3%) from 2023
Expenses
Down$1,023,702
Down $55,445 (-5.1%) from 2023
Net Income
Up$281,652
Up $132,614 (+89%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
To provide housing to the elderly in a 30 unit complex in charlestown, ma.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $3,236,365 | $3,105,397 | ▼ $130,968 |
| Cash and Non-Interest-Bearing Accounts | $537,379 | $642,473 | ▲ $105,094 |
| Prepaid Expenses and Deferred Charges | $14,242 | $31,792 | ▲ $17,550 |
| Accounts Receivable | $2,195 | $2,675 | ▲ $480 |
| Total Assets | $4,947,301 | $5,160,409 | ▲ $213,108 |
| Other Assets Total | $1,157,120 | $1,378,072 | ▲ $220,952 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $4,193,640 | $4,134,815 | ▼ $58,825 |
| Accounts Payable and Accrued Expenses | $62,944 | $39,327 | ▼ $23,617 |
| Escrow Account Liability | $15,990 | $15,933 | ▼ $57 |
| Other Liabilities | $0 | $11,982 | ▲ $11,982 |
| Deferred Revenue | $102 | $2,075 | ▲ $1,973 |
| Total Liabilities | $4,272,676 | $4,204,132 | ▼ $68,544 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $674,625 | $956,277 | ▲ $281,652 |
| Total Net Assets Fund Balance | $674,625 | $956,277 | ▲ $281,652 |
| Total Liabilities and Net Assets / Fund Balance | $4,947,301 | $5,160,409 | ▲ $213,108 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,003,524 | $2,617,921 | $5,621,445 |
| Equipment | $96,923 | $403,780 | $500,703 |
| Land | $4,950 | - | $4,950 |
| Other Assets Org | $688,073 | - | - |
| Name | Title |
|---|---|
| Thomas Cunha | President/director |
| Eileen Ward | Clerk |
| Kevin Roche | Officer |
| Eric T Phillipi | Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Barkan Management Company INC | Management Services | 7 WELLS AVENUE, Newton, MA 02459 | $242,962 |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,023,702 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | - | - | - | $615,138 |
| Fees for Services Other | - | - | - | $205,317 |
| Depreciation Depletion | - | - | - | $130,968 |
| Fees for Services Management | - | - | - | $32,402 |
| Fees for Services Accounting | - | - | - | $20,071 |
| Office Expenses | - | - | - | $19,438 |
| Fees for Services Legal | - | - | - | $368 |
| Total Functional Expenses | $0 | $0 | $0 | $1,023,702 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,023,702 |
| Total Expenses per Audited Statements | $1,023,702 |
| Total Expenses per Form 990 | $1,023,702 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Real Estate Taxes Payable | $11,982 |
“The property is managed by barkan management company, inc., pursuant to a management agreement approved by hud. The current management agreement provides for a management fee of 2.62% of gross effective income. During the year ended december 31, 2024, the corporation incurred management fees of $32,402.”
“The form is reviewed by the president and treasurer. It is then sent to the full board prior to submission.”
“This information is available upon request.”
“Management services 205,317.”
“The organization reports tenant security deposits on part x line 21.”
“The corporation has applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax-exempt entity pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended december 31, 2024. Due to its tax-exempt status, the corporation is not subject to income taxes. The corporation is required to file and does file tax returns with the irs and other taxing authorities. Management has analyzed the tax positions taken by the corporation and has concluded that, as of december 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the corporation are subject to examination by the irs for a period of three years. While no income tax returns are currently being examined by the irs, tax years since 2021 remain open.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 62944 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 39327 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 2195 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 2675 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE HOUSING TO THE ELDERLY IN A 30 UNIT COMPLEX IN CHARLESTOWN, MA. |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | ERIC PHILLIPI |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6712422417 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 20 DEVENS STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CHARLESTOWN |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02129 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 537379 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 642473 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 242962 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 7 WELLS AVENUE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | NEWTON |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 02459 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | BARKAN MANAGEMENT COMPANY INC |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | MANAGEMENT SERVICES |
| IRS990/CreditCounselingInd | 0 | 1 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 987082 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 68628 |
| IRS990/CYOtherExpensesAmt | 0 | 1023702 |
| IRS990/CYOtherRevenueAmt | 0 | 2652 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 246992 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 281652 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 1023702 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1305354 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 102 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 2075 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 130968 |
| IRS990/Desc | 0 | TO PROVIDE HUD SUBSIDIZED HOUSING TO THE ELDERLY OF CHARLESTOWN, MA. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 15990 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 15933 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 20071 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 368 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 32402 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 205317 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | THOMAS CUNHA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | EILEEN WARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ERIC T PHILLIPI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | KEVIN ROCHE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT/DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CLERK |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | OFFICER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1976 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 4 |
| IRS990/GovernmentGrantsAmt | 0 | 987082 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1305354 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 68628 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 68628 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 3021701 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3236365 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3105397 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 6127098 |
| IRS990/LegalDomicileStateCd | 0 | MA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2652 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 2652 |
| IRS990/MissionDesc | 0 | TO PROVIDE HOUSING TO THE ELDERLY IN A 30 UNIT COMPLEX IN CHARLESTOWN, MA. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 4193640 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 4134815 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 674625 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 956277 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 674625 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 956277 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 615138 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 19438 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1157120 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1378072 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 11982 |
| IRS990/OtherRevenueTotalAmt | 0 | 2652 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 14242 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 31792 |
| IRS990/PrincipalOfficerNm | 0 | THOMAS CUNHA |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531390 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 246992 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 246992 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 946752 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 53686 |
| IRS990/PYOtherExpensesAmt | 0 | 1079147 |
| IRS990/PYOtherRevenueAmt | 0 | 848 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 226899 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 149038 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 1079147 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1228185 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 281652 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 3003524 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 2617921 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 5621445 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 96923 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 403780 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 500703 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1023702 |
| IRS990ScheduleD/ExplanationProvidedInd | 0 | X |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | 1 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 4950 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 4950 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 17042 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 345239 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 327718 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 688073 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | SECURITY DEPOSITS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | REPLACEMENT RESERVE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | REAL ESTATE TAX AND INSURANCE ESCROW |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | RESIDUAL RECEIPTS RESERVE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 11982 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | REAL ESTATE TAXES PAYABLE |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1305354 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION REPORTS TENANT SECURITY DEPOSITS ON PART X LINE 21. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART IV, LINE 2B: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3105397 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 1378072 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1023702 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 11982 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1305354 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1305354 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1023702 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE PROPERTY IS MANAGED BY BARKAN MANAGEMENT COMPANY, INC., PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. THE CURRENT MANAGEMENT AGREEMENT PROVIDES FOR A MANAGEMENT FEE OF 2.62% OF GROSS EFFECTIVE INCOME. DURING THE YEAR ENDED DECEMBER 31, 2024, THE CORPORATION INCURRED MANAGEMENT FEES OF $32,402. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FORM IS REVIEWED BY THE PRESIDENT AND TREASURER. IT IS THEN SENT TO THE FULL BOARD PRIOR TO SUBMISSION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THIS INFORMATION IS AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | MANAGEMENT SERVICES 205,317. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART IX, LINE 11G |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | THOMAS CUNHA |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
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| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CHAR |
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| ReturnHeader/Filer/PhoneNum | 0 | 6172422600 |
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| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02129 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | COHNREZNICK ADVISORY LLC |
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| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7813803520 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOLANTA TUCK |
| ReturnHeader/ReturnTs | 0 | 2025-11-15T03:16:35-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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