Civic Intelligence

Peace Properties Inc.

990 • Fiscal year 2017 • EIN 04-3173140

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 19, 2018

Organization ProfileWWW.NOAHCDC.ORG
143 Border StreetEast Boston, MA 02128

(617) 567-5882

Siviq Scores

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

Liabilities / Assets

85th percentile

0.77x

Higher debt load relative to assets than 85% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

1.52x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

80th percentile

23%

Higher net margin than 80% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

74th percentile

$189,937

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

92nd percentile

51%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

100th percentile

2924%

Faster revenue growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$6,703,545

Up $2,258,406 (+51%) from 2016

Net Assets

Up

$1,541,207

Up $771,532 (+100%) from 2016

Liabilities

Up

$5,162,338

Up $1,486,874 (+40%) from 2016

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin80th percentile

Revenue

Up

$3,392,147

Up $3,279,984 (+2924%) from 2016

Expenses

Up

$2,620,615

Up $2,470,503 (+1646%) from 2016

Net Income

Up

$771,532

Up $809,481 (+2133%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $1,560,003Liabilities 2011: $1,545,752Net Assets 2011: $14,2512011Assets 2012: $1,854,036Liabilities 2012: $1,831,533Net Assets 2012: $22,5032012Assets 2013: $3,766,384Liabilities 2013: $3,026,369Net Assets 2013: $740,0152013Assets 2014: $5,328,416Liabilities 2014: $4,476,225Net Assets 2014: $852,1912014Assets 2015: $5,380,726Liabilities 2015: $4,573,102Net Assets 2015: $807,6242015Assets 2016: $4,445,139Liabilities 2016: $3,675,464Net Assets 2016: $769,6752016Assets 2017: $6,703,545Liabilities 2017: $5,162,338Net Assets 2017: $1,541,2072017Assets 2018: $14,734,113Liabilities 2018: $12,528,450Net Assets 2018: $2,205,6632018Assets 2019: $4,040,865Liabilities 2019: $5,194,673Net Assets 2019: -$1,153,8082019Assets 2020: $3,414,517Liabilities 2020: $3,621,084Net Assets 2020: -$206,5672020Assets 2021: $4,539,561Liabilities 2021: $4,803,865Net Assets 2021: -$264,3042021Assets 2022: $5,504,728Liabilities 2022: $5,803,852Net Assets 2022: -$299,1242022Assets 2023: $5,550,293Liabilities 2023: $5,878,755Net Assets 2023: -$328,4622023Assets 2024: $5,922,571Liabilities 2024: $6,743,406Net Assets 2024: -$820,8352024

Highlighted filing

2017

Assets$6,703,545
Liabilities$5,162,338
Net Assets$1,541,207
Open 2017 Filing

Operations Trend

Revenue Growth100th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $36,3022011Revenue 2012: $24,378Expenses 2012: $16,126Net Income 2012: $8,2522012Revenue 2013: $833,447Expenses 2013: $52,785Net Income 2013: $780,6622013Revenue 2014: $120,390Expenses 2014: $158,233Net Income 2014: -$37,8432014Revenue 2015: $110,621Expenses 2015: $155,188Net Income 2015: -$44,5672015Revenue 2016: $112,163Expenses 2016: $150,112Net Income 2016: -$37,9492016Revenue 2017: $3,392,147Expenses 2017: $2,620,615Net Income 2017: $771,5322017Revenue 2018: $917,260Expenses 2018: $252,804Net Income 2018: $664,4562018Revenue 2019: -$2,163,255Expenses 2019: $1,101,829Net Income 2019: -$3,265,0842019Revenue 2020: $1,136,342Expenses 2020: $189,101Net Income 2020: $947,2412020Revenue 2021: $215,280Expenses 2021: $273,017Net Income 2021: -$57,7372021Revenue 2022: $123,564Expenses 2022: $158,384Net Income 2022: -$34,8202022Revenue 2023: $238,247Expenses 2023: $267,585Net Income 2023: -$29,3382023Revenue 2024: $150,093Expenses 2024: $231,466Net Income 2024: -$81,3732024

Highlighted filing

2017

Revenue$3,392,147
Expenses$2,620,615
Net Income$771,532
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 19, 2018
Return Version
2017v2.3
Gross Receipts
$3,392,147
Mission and Program Overview

Mission

The development of low and moderate income housing projects.

The development of low and moderate income housing projects

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,067,414$2,020,296▼ $47,118
Accounts Receivable$1,343$801,755▲ $800,412
Cash and Non-Interest-Bearing Accounts$1,210,545$107,025▼ $1,103,520
Savings and Temporary Cash Investments-$9,415-
Prepaid Expenses and Deferred Charges$947$899▼ $48
Total Assets$4,445,139$6,703,545▲ $2,258,406
Other Assets Total$1,164,890$3,764,155▲ $2,599,265
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,667,800$2,150,837▲ $483,037
Accounts Payable and Accrued Expenses$679,463$1,727,222▲ $1,047,759
Other Liabilities$1,328,201$1,284,279▼ $43,922
Total Liabilities$3,675,464$5,162,338▲ $1,486,874
Net Assets / Fund Balance
Unrestricted Net Assets$652,399$1,423,931▲ $771,532
Permanently Rstr Net Assets$117,276$117,276→ $0
Total Net Assets Fund Balance$769,675$1,541,207▲ $771,532
Total Liabilities and Net Assets / Fund Balance$4,445,139$6,703,545▲ $2,258,406

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,416,350$751,096$2,167,446
Land$603,946-$603,946
Other Assets Org$53,130--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Vinny QualtieriDirector of FinanceFT$106,515$106,515

Board Members and Trustees

NameTitle
Lauren Demayo CPACo-president
Michael LakeCo-president
Kyla Piercey Curley CPAVice President (term Ended in 2017)
Brian GregoryBoard Member
Ernani Dearaujo EsqBoard Member
Gladys OliverosBoard Member
Greg Comeau CPABoard Member
Mark SavatskyBoard Member
Mary Ellen WelchBoard Member
Mat EdlenBoard Member
Orlando PachecoBoard Member
C Omar JaureguiBoard Member (term Ended in 2017)
Dharmena DowneyBoard Member (term Ended in 2017)
Rose FioreBoard Member (term Ended in 2017)
Philip R GiffeeExecutive Director
Kimberly DawsonCo-clerk/secretary
Robert SchmidtCo-clerk/secretary
Michael Zaldumbide CPATreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tocci Building CorporationConstruction600 MAIN STREET, Woburn, MA 01801$2,126,060
The Narrow GateArchitect121 EAST BERKELEY STREET FLOOR 3, Boston, MA 02118$296,114
Revenue and Support

Revenue Composition

Contributions and Grants
$3,279,984
Program Service Revenue
$112,156
Investment Income
$7
Other Revenue
$0
Change in Net Assets
$771,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,620,615
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
Depreciation Depletion-$55,364-$55,364
Interest$42,025--$42,025
Occupancy$41,999--$41,999
Fees for Services Accounting-$4,230-$4,230
Insurance-$1,551-$1,551
Other Expenses$1,362--$1,362
Total Functional Expenses$2,559,470$61,145$0$2,620,615
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
Due to Affiliates$1,284,279
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Peace properties and affiliates board of directors consists of 13 members as of december 31, 2017. They have an annual election in december. Terms are for three years. Members elect a majority or nine members. Members then appoint other members to three year terms.”

Form 990, Part VI, Section A, Line 7B

“A majority vote is required on board decisions. Members from the neighborhood of east boston elect members. That is the by-law.”

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

“The form 990 is reviewed by the board, specifically by the co-presidents before the return is filed.”

Form 990, Part VI, Section B, Line 12C

“Noah and affiliates' board of directors and management are required to file an annual conflict of interest form. These forms are collected and maintained at noah's administrative office. If a conflict arises, it is discussed at the board meeting and noted in the minutes. The particular board memeber is excluded from voting on a particular issue that he/she has a conflict.”

Form 990, Part VI, Section B, Line 15

“The board reviews and examines all information presented by the board president and executive committee after review of the executive director. The executive director reviews the compensation for all senior staff.”

Form 990, Part VI, Section C, Line 19

“Information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Peace Properties Inc
EIN
04-3173140
Phone
6175675882
Address
143 BORDER STREET, EAST BOSTON, MA 02128

Signing Officer

Name
Philip R Giffee
Title
Executive Director
Phone
6175222766
Signed
2018-07-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip R Giffee
Formed
1992
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
17

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Matthew T Mcginnis CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The 990 is reviewed by the board, specifically by the co-presidents before it is filed. This process has not changed form the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Noah and affiliates, which includes peace properties, inc., account for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the combined financial statements regarding a tax position taken or expected to be taken in a tax return. Noah and affiliates has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the combined financial statements at december 31, 2017. Noah and affiliates information returns are subject to examination by the federal and state jurisdictions.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17168300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt18100693
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT (TERM ENDED IN 2017)
IRS990/Form990PartVIISectionAGrp/TitleTxt2CO-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3CO-CLERK/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4CO-CLERK/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER (TERM ENDED IN 2017)
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CO-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER (TERM ENDED IN 2017)
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER (TERM ENDED IN 2017)
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF FINANCE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt03279984
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03392147
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01551
IRS990/InsuranceGrp/TotalAmt01551
IRS990/InterestGrp/ProgramServicesAmt042025
IRS990/InterestGrp/TotalAmt042025
IRS990/InvestmentIncomeGrp/ExclusionAmt07
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0751096
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02067414
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02020296
IRS990/LandBldgEquipCostOrOtherBssAmt02771392
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE DEVELOPMENT OF LOW AND MODERATE INCOME HOUSING PROJECTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01667800
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02150837
IRS990/NetAssetsOrFundBalancesBOYAmt0769675
IRS990/NetAssetsOrFundBalancesEOYAmt01541207
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt041999
IRS990/OccupancyGrp/TotalAmt041999
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01164890
IRS990/OtherAssetsTotalGrp/EOYAmt03764155
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT COSTS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt02474084
IRS990/OtherExpensesGrp/ProgramServicesAmt11362
IRS990/OtherExpensesGrp/TotalAmt02474084
IRS990/OtherExpensesGrp/TotalAmt11362
IRS990/OtherLiabilitiesGrp/BOYAmt01328201
IRS990/OtherLiabilitiesGrp/EOYAmt01284279
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0117276
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0117276
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0947
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0899
IRS990/PrincipalOfficerNm0PHILIP R GIFFEE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0112156
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0112156
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07
IRS990/PYOtherExpensesAmt0150112
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0112156
IRS990/PYRevenuesLessExpensesAmt0-37949
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0150112
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0112163
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0771532
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0112156
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09415
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PEACE PROPERTIES, INC. HAS HAD A HISTORIC RELATIONSHIP WITH NEIGHBORHOOD OF AFFORDABLE HOUSING, INC. (NOAH) TO PROVIDE SUPPORT SURROUNDING REAL ESTATE DEVELOPMENT PROJECTS FOR LOW-INCOME INDIVIDUALS. PEACE PROPERTIES IS THE AGENCY OF NOAH THAT HOLDS NOAH'S LOW-INCOME HOUSING PROJECTS WHILE IN CONSTRUCTION WHICH IS DIRECTLY SUPPORTING NOAH'S REAL ESTATE DEVELOPMENT PROGRAM EFFORTS. PEACE PROPERTIES NO LONGER RECEIVES PHILANTHROPIC GRANTS AND IS NOW 100% A SUPPORTING ORGANIZATION TO NOAH.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 1:
IRS990ScheduleA/OtherSupportSumAmt096233
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0042964630
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd00
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt096233
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NEIGHBORHOOD OF AFFORDABLE HOUSING INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01416350
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0751096
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02167446
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0603946
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0603946
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03711025
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt153130
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PROJECTS UNDER DEVELOPMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01284279
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NOAH AND AFFILIATES, WHICH INCLUDES PEACE PROPERTIES, INC., ACCOUNT FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE COMBINED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. NOAH AND AFFILIATES HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS AT DECEMBER 31, 2017. NOAH AND AFFILIATES INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02020296
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03764155
IRS990ScheduleD/TotalLiabilityAmt01284279
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,703,545
Liabilities
$5,162,338
Net assets
$1,541,207
Revenue
$3,392,147
Expenses
$2,620,615
Net income
$771,532
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.92$6.74$0.82$0.15$0.23$0.08
2023Detailed filing. Detailed filing data is available for this year.$5.55$5.88$0.33$0.24$0.27$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.50$5.80$0.30$0.12$0.16$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.54$4.80$0.26$0.22$0.27$0.06
2020Detailed filing. Detailed filing data is available for this year.$3.41$3.62$0.21$1.14$0.19$0.95
2019Detailed filing. Detailed filing data is available for this year.$4.04$5.19$1.15$2.16$1.10$3.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.7$12.5$2.21$0.92$0.25$0.66
2017Detailed filing. Detailed filing data is available for this year.$6.70$5.16$1.54$3.39$2.62$0.77
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.45$3.68$0.77$0.11$0.15$0.04
2015Detailed filing. Detailed filing data is available for this year.$5.38$4.57$0.81$0.11$0.16$0.04
2014Detailed filing. Detailed filing data is available for this year.$5.33$4.48$0.85$0.12$0.16$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.77$3.03$0.74$0.83$0.05$0.78
2012Summary only. Only limited summary data is available for this year.$1.85$1.83$0.02$0.02$0.02$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$1.55$0.01$0.04