Civic Intelligence

Home City Development Inc.

990 • Fiscal year 2015 • EIN 04-6190467

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 09, 2016

Organization ProfileWWW.HOMECITYHOUSING.COM

View Organization Page

5 Northampton AvenueSpringfield, MA 01109

(413) 785-5312

Siviq Scores

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

Liabilities / Assets

77th percentile

0.61x

Higher debt load relative to assets than 77% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

88th percentile

2.23x

Higher debt load relative to revenue than 88% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

78th percentile

18%

Higher net margin than 78% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

31st percentile

$124,218

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

78th percentile

11%

Faster asset growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

24th percentile

-6.5%

Faster revenue growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$11,530,615

Up $1,179,166 (+11%) from 2014

Net Assets

Down

$4,462,434

Down $1,519,314 (-25%) from 2014

Liabilities

Up

$7,068,181

Up $2,698,480 (+62%) from 2014

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin78th percentile

Revenue

Down

$3,169,762

Down $219,967 (-6.5%) from 2014

Expenses

Up

$2,590,703

Up $375,376 (+17%) from 2014

Net Income

Down

$579,059

Down $595,343 (-51%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$60M$40M$20M$0Assets 2011: $3,789,100Liabilities 2011: $2,838,463Net Assets 2011: $950,6372011Assets 2012: $5,596,874Liabilities 2012: $2,593,169Net Assets 2012: $3,003,7052012Assets 2013: $5,995,776Liabilities 2013: $2,003,421Net Assets 2013: $3,992,3552013Assets 2014: $10,351,449Liabilities 2014: $4,369,701Net Assets 2014: $5,981,7482014Assets 2015: $11,530,615Liabilities 2015: $7,068,181Net Assets 2015: $4,462,4342015Assets 2016: $11,134,539Liabilities 2016: $4,247,453Net Assets 2016: $6,887,0862016Assets 2017: $12,703,357Liabilities 2017: $4,733,468Net Assets 2017: $7,969,8892017Assets 2018: $13,454,716Liabilities 2018: $2,936,512Net Assets 2018: $10,518,2042018Assets 2019: $14,915,610Liabilities 2019: $3,554,650Net Assets 2019: $11,360,9602019Assets 2020: $16,105,510Liabilities 2020: $4,678,214Net Assets 2020: $11,427,2962020Assets 2021: $15,775,339Liabilities 2021: $3,760,684Net Assets 2021: $12,014,6552021Assets 2022: $19,443,390Liabilities 2022: $6,574,590Net Assets 2022: $12,868,8002022Assets 2023: $23,941,602Liabilities 2023: $11,418,439Net Assets 2023: $12,523,1632023Assets 2024: $54,239,900Liabilities 2024: $42,117,710Net Assets 2024: $12,122,1902024

Highlighted filing

2015

Assets$11,530,615
Liabilities$7,068,181
Net Assets$4,462,434
Open 2015 Filing

Operations Trend

Revenue Growth24th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $565,559Expenses 2011: $680,481Net Income 2011: -$114,9222011Revenue 2012: $1,989,337Expenses 2012: $1,742,140Net Income 2012: $247,1972012Revenue 2013: $2,264,941Expenses 2013: $1,830,092Net Income 2013: $434,8492013Revenue 2014: $3,389,729Expenses 2014: $2,215,327Net Income 2014: $1,174,4022014Revenue 2015: $3,169,762Expenses 2015: $2,590,703Net Income 2015: $579,0592015Revenue 2016: $2,561,835Expenses 2016: $2,348,481Net Income 2016: $213,3542016Revenue 2017: $2,653,654Expenses 2017: $1,661,444Net Income 2017: $992,2102017Revenue 2018: $2,971,196Expenses 2018: $1,875,800Net Income 2018: $1,095,3962018Revenue 2019: $1,669,722Expenses 2019: $1,139,953Net Income 2019: $529,7692019Revenue 2020: $1,154,466Expenses 2020: $1,317,213Net Income 2020: -$162,7472020Revenue 2021: $1,734,116Expenses 2021: $1,430,775Net Income 2021: $303,3412021Revenue 2022: $3,023,264Expenses 2022: $1,600,953Net Income 2022: $1,422,3112022Revenue 2023: $1,135,582Expenses 2023: $1,737,131Net Income 2023: -$601,5492023Revenue 2024: $1,437,102Expenses 2024: $1,970,169Net Income 2024: -$533,0672024

Highlighted filing

2015

Revenue$3,169,762
Expenses$2,590,703
Net Income$579,059
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 9, 2016
Return Version
2015v2.1
Gross Receipts
$3,630,459
Mission and Program Overview

Mission

To remedy substandard housing for lower income families in the springfield, ma area and vicinity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,902,766$4,634,435▲ $731,669
Accounts Receivable$2,367,193$1,835,996▼ $531,197
Investments in Publicly Traded Securities$1,128,486$1,296,290▲ $167,804
Investments Program Related$1,391,783$1,108,263▼ $283,520
Cash and Non-Interest-Bearing Accounts$468,179$771,699▲ $303,520
Savings and Temporary Cash Investments$161,040$107,795▼ $53,245
Pledges and Grants Receivable$97,750$63,650▼ $34,100
Prepaid Expenses and Deferred Charges$27,973$37,980▲ $10,007
Investments Other Securities$100$50▼ $50
Total Assets$10,351,449$11,530,615▲ $1,179,166
Other Assets Total$806,179$1,674,457▲ $868,278
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,941,122$6,344,042▲ $2,402,920
Accounts Payable and Accrued Expenses$406,316$671,204▲ $264,888
Other Liabilities$20,062$47,494▲ $27,432
Deferred Revenue$2,201$5,441▲ $3,240
Total Liabilities$4,369,701$7,068,181▲ $2,698,480
Net Assets / Fund Balance
Unrestricted Net Assets$5,883,998$3,778,865▼ $2,105,133
Temporarily Rstr Net Assets$97,750$683,569▲ $585,819
Total Net Assets Fund Balance$5,981,748$4,462,434▼ $1,519,314
Total Liabilities and Net Assets / Fund Balance$10,351,449$11,530,615▲ $1,179,166

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,646,392$138,527$3,784,919
Land$834,492-$834,492
Equipment$23,434$199,602$223,036
Leasehold Improvements$123,173$89,584$212,757
Other Land Buildings$6,944$46,709$53,653
Investment Program Related Org$1,059,434--
Other Assets Org$619,919--
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas KegelmanExecutive Director/clerkFT$111,198$13,020$124,218

Board Members and Trustees

NameTitle
V Van Johnson EsqPresident
Thomas MccolganVice President
Adam GomezDirector
Dr Andrew BalderDirector
Jeffery SullivanDirector
John KlenakisDirector
Steven K DauryDirector
Jennifer GableTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Architecture Environment INCArchitectural Services264 NORTH MAIN STREET SUITE 7, East Longmeadow, MA 01028$134,916
Revenue and Support

Revenue Composition

Contributions and Grants
$629,919
Program Service Revenue
$2,408,508
Investment Income
$131,335
Other Revenue
$0
All Other Contributions
$629,919
Change in Net Assets
$579,059
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,544,730
Other Expenses$1,045,973
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,000,478$200,756-$1,201,234
Office Expenses$4,461$197,626-$202,087
Interest$142,718--$142,718
Depreciation Depletion$140,203--$140,203
Occupancy$115,599$21,638-$137,237
Current Officers, Directors, Trustees, and Key Employees-$130,990-$130,990
Payroll Taxes$83,930$25,627-$109,557
Other Employee Benefits$63,440$12,293-$75,733
Insurance$42,034$19,977-$62,011
Fees for Services Accounting-$48,125-$48,125
Fees for Services Other$803$26,467-$27,270
Pension Plan Contributions$18,679$8,537-$27,216
Conferences and Meetings$13,226$5,157-$18,383
Travel$12,808$3,476-$16,284
Other Expenses$15,859$84-$15,859
Fees for Services Legal-$15,608-$15,608
Total Functional Expenses$1,874,342$716,361$0$2,590,703
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Thomas MccolganBoard Member & BankerFunds on DepositNo$1,390,243
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$47,494
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“A member of the finance committee will review the form 990 and then present it with his/her recommendations to the full board of directors to be voted on for final approval.”

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

“Annually all board of directors and key employees complete a conflict of interest disclosure.”

Form 990, Part VI, Section B, Line 15A

“The executive committee of the board of directors is responsible for determining the executive director compensation annually.”

Form 990, Part VI, Section C, Line 19

“Better homes, inc. Makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Better Homes Inc
EIN
04-6190467
Phone
4137855312
Address
5 NORTHAMPTON AVENUE, SPRINGFIELD, MA 01109

Signing Officer

Name
Thomas Kegelman
Title
Officer
Phone
4137855312
Signed
2016-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Kegelman
Formed
1968
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
7
Employees
34
Volunteers
10

Preparer

Firm
Whittlesey & Hadley Pc
Address
14 BOBALA RD, HOLYOKE, MA 01040
Preparer
Steve C Erickson
Phone
4135363970
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Loss on investment in limited partnership -283,620. Excess of liabilities assumed over assets acquired -1,726,598.”

Raw XML AppendixShowing 400 of 747 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/OccupancyGrp/TotalAmt0137237
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0197626
IRS990/OfficeExpensesGrp/ProgramServicesAmt04461
IRS990/OfficeExpensesGrp/TotalAmt0202087
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0806179
IRS990/OtherAssetsTotalGrp/EOYAmt01674457
IRS990/OtherChangesInNetAssetsAmt0-2010218
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012293
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt063440
IRS990/OtherEmployeeBenefitsGrp/TotalAmt075733
IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1RESIDENT SERVICES COORD
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/Desc3MOTOR VEHICLE EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt084
IRS990/OtherExpensesGrp/ProgramServicesAmt0158968
IRS990/OtherExpensesGrp/ProgramServicesAmt142140
IRS990/OtherExpensesGrp/ProgramServicesAmt218996
IRS990/OtherExpensesGrp/ProgramServicesAmt315859
IRS990/OtherExpensesGrp/TotalAmt0159052
IRS990/OtherExpensesGrp/TotalAmt142140
IRS990/OtherExpensesGrp/TotalAmt218996
IRS990/OtherExpensesGrp/TotalAmt315859
IRS990/OtherLiabilitiesGrp/BOYAmt020062
IRS990/OtherLiabilitiesGrp/EOYAmt047494
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0200756
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01000478
IRS990/OtherSalariesAndWagesGrp/TotalAmt01201234
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025627
IRS990/PayrollTaxesGrp/ProgramServicesAmt083930
IRS990/PayrollTaxesGrp/TotalAmt0109557
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08537
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt018679
IRS990/PensionPlanContributionsGrp/TotalAmt027216
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt097750
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt063650
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027973
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037980
IRS990/PrincipalOfficerNm0THOMAS KEGELMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02408508
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02408508
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0599318
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0142647
IRS990/PYOtherExpensesAmt0708361
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02647764
IRS990/PYRevenuesLessExpensesAmt01174402
IRS990/PYSalariesCompEmpBnftPaidAmt01506966
IRS990/PYTotalExpensesAmt02215327
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03389729
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0579059
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt02408508
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0161040
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0107795
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0629919
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0599318
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt065558
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt031028
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01325823
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt089317
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0133039
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt074304
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt069133
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt063716
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0429509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02408508
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02647764
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02093569
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01886763
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0501843
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09538447
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt089317
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0133039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt074304
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt069133
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt063716
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0429509
IRS990ScheduleA/InvestmentIncomeCYPct00.03800
IRS990ScheduleA/InvestmentIncomePYPct00.04510
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96200
IRS990ScheduleA/PublicSupportPY509Pct00.94740
IRS990ScheduleA/PublicSupportTotal509Amt010864270
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03038427
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03247082
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02159127
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01917791
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0501843
IRS990ScheduleA/Total509Grp/TotalAmt010864270
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03127744
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03380121
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02233431
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01986924
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0565559
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011293779
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/BuildingsGrp/BookValueAmt03646392
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0138527
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03784919
IRS990ScheduleD/EquipmentGrp/BookValueAmt023434
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0199602
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0223036
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt048829
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11059434
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN REAL ESTATE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN LP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/LandGrp/BookValueAmt0834492
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0834492
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0123173
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt089584
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0212757
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt047834
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1738763
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2209742
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt358199
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4619919
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREDEVELOPMENT EXPENSE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEFERRED COSTS, NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDENT SERVICES RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06944
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046709
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt053653
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt047494
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04634435
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01674457
IRS990ScheduleD/TotalBookValueProgramRltdAmt01108263
IRS990ScheduleD/TotalLiabilityAmt047494
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0THOMAS MCCOLGAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER & BANKER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01390243
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0FUNDS ON DEPOSIT
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A MEMBER OF THE FINANCE COMMITTEE WILL REVIEW THE FORM 990 AND THEN PRESENT IT WITH HIS/HER RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS TO BE VOTED ON FOR FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY ALL BOARD OF DIRECTORS AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE EXECUTIVE DIRECTOR COMPENSATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BETTER HOMES, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,530,615
Liabilities
$7,068,181
Net assets
$4,462,434
Revenue
$3,169,762
Expenses
$2,590,703
Net income
$579,059
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$54.2$42.1$12.1$1.44$1.97$0.53
2023Detailed filing. Detailed filing data is available for this year.$23.9$11.4$12.5$1.14$1.74$0.60
2022Detailed filing. Detailed filing data is available for this year.$19.4$6.57$12.9$3.02$1.60$1.42
2021Detailed filing. Detailed filing data is available for this year.$15.8$3.76$12.0$1.73$1.43$0.30
2020Detailed filing. Detailed filing data is available for this year.$16.1$4.68$11.4$1.15$1.32$0.16
2019Detailed filing. Detailed filing data is available for this year.$14.9$3.55$11.4$1.67$1.14$0.53
2018Detailed filing. Detailed filing data is available for this year.$13.5$2.94$10.5$2.97$1.88$1.10
2017Detailed filing. Detailed filing data is available for this year.$12.7$4.73$7.97$2.65$1.66$0.99
2016Summary only. Only limited summary data is available for this year.$11.1$4.25$6.89$2.56$2.35$0.21
2015Detailed filing. Detailed filing data is available for this year.$11.5$7.07$4.46$3.17$2.59$0.58
2014Summary only. Only limited summary data is available for this year.$10.4$4.37$5.98$3.39$2.22$1.17
2013Summary only. Only limited summary data is available for this year.$6.00$2.00$3.99$2.26$1.83$0.43
2012Summary only. Only limited summary data is available for this year.$5.60$2.59$3.00$1.99$1.74$0.25
2011Summary only. Only limited summary data is available for this year.$3.79$2.84$0.95$0.57$0.68$0.11