Civic Intelligence

Shalom Housing Inc.

990 • Fiscal year 2018 • EIN 05-0378004

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 14, 2019

Organization ProfileN/A
1 Shalom DriveWarwick, RI 02886

(401) 738-4414

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.20x

Higher debt load relative to assets than 63% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.30x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

63rd percentile

8.3%

Higher net margin than 63% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

72nd percentile

$107,859

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

17th percentile

-7.7%

Faster asset growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

1.0%

Faster revenue growth than 42% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$1,800,406

Down $149,861 (-7.7%) from 2017

Net Assets

Up

$1,444,320

Up $99,480 (+7.4%) from 2017

Liabilities

Down

$356,086

Down $249,341 (-41%) from 2017

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin63rd percentile

Revenue

Up

$1,205,486

Up $11,526 (+1.0%) from 2017

Expenses

Up

$1,106,006

Up $29,343 (+2.7%) from 2017

Net Income

Down

$99,480

Down $17,817 (-15%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $2,698,890Liabilities 2012: $1,626,101Net Assets 2012: $1,072,7892012Assets 2013: $2,519,415Liabilities 2013: $1,482,729Net Assets 2013: $1,036,6862013Assets 2014: $2,347,491Liabilities 2014: $1,250,201Net Assets 2014: $1,097,2902014Assets 2015: $2,202,875Liabilities 2015: $1,037,583Net Assets 2015: $1,165,2922015Assets 2016: $2,054,036Liabilities 2016: $826,493Net Assets 2016: $1,227,5432016Assets 2017: $1,950,267Liabilities 2017: $605,427Net Assets 2017: $1,344,8402017Assets 2018: $1,800,406Liabilities 2018: $356,086Net Assets 2018: $1,444,3202018Assets 2019: $1,753,837Liabilities 2019: $125,288Net Assets 2019: $1,628,5492019Assets 2020: $1,979,350Liabilities 2020: $146,887Net Assets 2020: $1,832,4632020Assets 2021: $2,755,595Liabilities 2021: $351,420Net Assets 2021: $2,404,1752021Assets 2022: $2,918,226Liabilities 2022: $149,090Net Assets 2022: $2,769,1362022Assets 2023: $2,800,654Liabilities 2023: $194,390Net Assets 2023: $2,606,2642023Assets 2024: $3,186,662Liabilities 2024: $233,229Net Assets 2024: $2,953,4332024

Highlighted filing

2018

Assets$1,800,406
Liabilities$356,086
Net Assets$1,444,320
Open 2018 Filing

Operations Trend

Revenue Growth42nd percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2012: $1,205,837Expenses 2012: $1,066,601Net Income 2012: $139,2362012Revenue 2013: $1,094,310Expenses 2013: $1,130,413Net Income 2013: -$36,1032013Revenue 2014: $1,121,601Expenses 2014: $1,060,997Net Income 2014: $60,6042014Revenue 2015: $1,151,887Expenses 2015: $1,083,885Net Income 2015: $68,0022015Revenue 2016: $1,157,727Expenses 2016: $1,095,476Net Income 2016: $62,2512016Revenue 2017: $1,193,960Expenses 2017: $1,076,663Net Income 2017: $117,2972017Revenue 2018: $1,205,486Expenses 2018: $1,106,006Net Income 2018: $99,4802018Revenue 2019: $1,209,992Expenses 2019: $1,027,132Net Income 2019: $182,8602019Revenue 2020: $1,383,535Expenses 2020: $1,179,621Net Income 2020: $203,9142020Revenue 2021: $1,651,232Expenses 2021: $1,075,478Net Income 2021: $575,7542021Revenue 2022: $1,661,259Expenses 2022: $1,295,545Net Income 2022: $365,7142022Revenue 2023: $1,747,104Expenses 2023: $1,910,256Net Income 2023: -$163,1522023Revenue 2024: $1,844,319Expenses 2024: $1,497,150Net Income 2024: $347,1692024

Highlighted filing

2018

Revenue$1,205,486
Expenses$1,106,006
Net Income$99,480
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 14, 2019
Return Version
2017v2.3
Gross Receipts
$1,205,486
Mission and Program Overview

Mission

Low income housing for the elderly and mobility impaired.

Low income housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,011,902$831,152▼ $180,750
Savings and Temporary Cash Investments$73,901$76,288▲ $2,387
Prepaid Expenses and Deferred Charges$32,287$33,308▲ $1,021
Cash and Non-Interest-Bearing Accounts$33,876$12,206▼ $21,670
Accounts Receivable$13,433$9,087▼ $4,346
Total Assets$1,950,267$1,800,406▼ $149,861
Other Assets Total$784,868$838,365▲ $53,497
Liabilities
Mortgage Notes Payable Secured by Investment Property$440,294$191,729▼ $248,565
Accounts Payable and Accrued Expenses$115,641$111,886▼ $3,755
Other Liabilities$49,492$52,471▲ $2,979
Total Liabilities$605,427$356,086▼ $249,341
Net Assets / Fund Balance
Unrestricted Net Assets$1,344,840$1,444,320▲ $99,480
Total Net Assets Fund Balance$1,344,840$1,444,320▲ $99,480
Total Liabilities and Net Assets / Fund Balance$1,950,267$1,800,406▼ $149,861

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$299,782$4,026,292$4,326,074
Equipment$92,544$500,278$592,822
Other Land Buildings$356,963$203,585$560,548
Land$81,863-$81,863
Other Assets Org$838,365--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Bonnie SekeresExecutive DirectorPT$107,859$107,859

Board Members and Trustees

NameTitle
Jeffrey Padwa EsqPresident
Marisa GarberVice President
Avital ChattoDirector
Dr Vincent MorDirector
Elaine BudishDirector
James GalkinDirector
Myrna LevineDirector
Niecie WeinerDirector
Richard LichtDirector
Stuart EinhornDirector
Susan Leach Deblasio EsqDirector
Drew Kaplan EsqAsst. Treasurer
Mindy StoneSecretary
Deborah MandellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$715,459
Program Service Revenue
$481,928
Investment Income
$2,268
Other Revenue
$5,831
All Other Contributions
$1,001
Change in Net Assets
$99,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,205,486
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,205,486
Total Revenue per Form 990
$1,205,486
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$759,603
Salaries, Compensation, and Employee Benefits$346,403
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$255,661--$255,661
Depreciation Depletion$183,612--$183,612
Other Salaries and Wages$134,515$43,722-$178,237
Current Officers, Directors, Trustees, and Key Employees-$103,626-$103,626
Fees for Services Management-$83,610-$83,610
Other Employee Benefits$33,786--$33,786
Payroll Taxes$16,439$9,802-$26,241
Interest$21,111--$21,111
Fees for Services Accounting-$20,419-$20,419
Office Expenses-$13,904-$13,904
Other Expenses$13,812$24,055-$13,812
Conferences and Meetings-$8,358-$8,358
Insurance$6,793--$6,793
All Other Expenses$6,275--$6,275
Pension Plan Contributions$4,513--$4,513
Fees for Services Legal-$900-$900
Advertising-$51-$51
Total Functional Expenses$797,559$308,447$0$1,106,006

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,106,006
Total Expenses per Audited Statements$1,106,006
Total Expenses per Form 990$1,106,006
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Tenants Security Deposits$51,505
Advanced Rent Received$966
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The board of directors reviews the 990 before submission.”

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

“Board members and management sign and acknowledge the conflict of interest policy annually, updating for any changes.”

Form 990, Part VI, Section B, Line 15

“The board determines and approves compensation for key employees and top management personnel.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Shalom Housing Inc
EIN
05-0378004
Phone
4017384414
Address
1 SHALOM DRIVE, WARWICK, RI 02886

Signing Officer

Name
Erin Minior
Title
Chief Executive Officer
Phone
4017384414
Signed
2019-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Padwa
Formed
1978
Legal Domicile
Ri
Voting Board Members
14
Independent Board Members
14
Employees
7
Volunteers
7

Preparer

Firm
Citrin Cooperman & Company Llp
Address
TEN WEYBOSSET STREET - SUITE 700, PROVIDENCE, RI 02903
Preparer
Pamela Sawin
Phone
4014214800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization's oversight process for the audit has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code. As a not-for-profit entity, the corporation is subject to unrelated business income tax ("ubit"), if applicable. In accordance with fasb accounting standards codification ("asc") 740, income taxes, the corporation applies the "more likely than not" threshold to the recognition and derecognition of tax positions for its financial statements. Management has evaluated the corporation's tax positions and has concluded that there were no uncertain tax positions that qualified for either recognition or disclosure in the financial statements.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0714458
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01205486
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt06793
IRS990/InsuranceGrp/TotalAmt06793
IRS990/InterestGrp/ProgramServicesAmt021111
IRS990/InterestGrp/TotalAmt021111
IRS990/InvestmentIncomeGrp/ExclusionAmt02268
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02268
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04730155
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01011902
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0831152
IRS990/LandBldgEquipCostOrOtherBssAmt05561307
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LOW INCOME HOUSING FOR THE ELDERLY AND MOBILITY IMPAIRED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0440294
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0191729
IRS990/NetAssetsOrFundBalancesBOYAmt01344840
IRS990/NetAssetsOrFundBalancesEOYAmt01444320
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0255661
IRS990/OccupancyGrp/TotalAmt0255661
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013904
IRS990/OfficeExpensesGrp/TotalAmt013904
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0784868
IRS990/OtherAssetsTotalGrp/EOYAmt0838365
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt033786
IRS990/OtherEmployeeBenefitsGrp/TotalAmt033786
IRS990/OtherExpensesGrp/Desc0GROUNDS & REPAIRS CONTR
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3CLEANING AND MAINTENANC
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt024055
IRS990/OtherExpensesGrp/ProgramServicesAmt094958
IRS990/OtherExpensesGrp/ProgramServicesAmt126084
IRS990/OtherExpensesGrp/ProgramServicesAmt213812
IRS990/OtherExpensesGrp/TotalAmt094958
IRS990/OtherExpensesGrp/TotalAmt126084
IRS990/OtherExpensesGrp/TotalAmt224055
IRS990/OtherExpensesGrp/TotalAmt313812
IRS990/OtherLiabilitiesGrp/BOYAmt049492
IRS990/OtherLiabilitiesGrp/EOYAmt052471
IRS990/OtherRevenueMiscGrp/BusinessCd0532000
IRS990/OtherRevenueMiscGrp/BusinessCd1532000
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt04605
IRS990/OtherRevenueMiscGrp/ExclusionAmt11226
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04605
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11226
IRS990/OtherRevenueTotalAmt05831
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt043722
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0134515
IRS990/OtherSalariesAndWagesGrp/TotalAmt0178237
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09802
IRS990/PayrollTaxesGrp/ProgramServicesAmt016439
IRS990/PayrollTaxesGrp/TotalAmt026241
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04513
IRS990/PensionPlanContributionsGrp/TotalAmt04513
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032287
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt033308
IRS990/PrincipalOfficerNm0JEFFREY PADWA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0481928
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0481928
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0712587
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01029
IRS990/PYOtherExpensesAmt0744412
IRS990/PYOtherRevenueAmt05093
IRS990/PYProgramServiceRevenueAmt0475251
IRS990/PYRevenuesLessExpensesAmt0117297
IRS990/PYSalariesCompEmpBnftPaidAmt0332251
IRS990/PYTotalExpensesAmt01076663
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01193960
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt099480
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0481928
IRS990/SavingsAndTempCashInvstGrp/BOYAmt073901
IRS990/SavingsAndTempCashInvstGrp/EOYAmt076288
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0715459
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0712587
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0671871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0661252
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0656395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03417564
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0960
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01607
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01529
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07393
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02376261
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05831
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05093
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07452
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06115
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04952
IRS990ScheduleA/OtherIncome170Grp/TotalAmt029443
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98930
IRS990ScheduleA/PublicSupportPY170Pct00.98910
IRS990ScheduleA/PublicSupportTotal170Amt03417564
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0715459
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0712587
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0671871
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0661252
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0656395
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03417564
IRS990ScheduleA/TotalSupportAmt03454400
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0299782
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04026292
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04326074
IRS990ScheduleD/EquipmentGrp/BookValueAmt092544
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0500278
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0592822
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01106006
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt081863
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt081863
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0838365
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDS IN ESCROW
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0356963
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0203585
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0560548
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0966
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt151505
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCED RENT RECEIVED
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANTS SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01205486
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY, THE CORPORATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, THE CORPORATION APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE CORPORATION'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,800,406
Liabilities
$356,086
Net assets
$1,444,320
Revenue
$1,205,486
Expenses
$1,106,006
Net income
$99,480
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$0.23$2.95$1.84$1.50$0.35
2023Detailed filing. Detailed filing data is available for this year.$2.80$0.19$2.61$1.75$1.91$0.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$0.15$2.77$1.66$1.30$0.37
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.35$2.40$1.65$1.08$0.58
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.15$1.83$1.38$1.18$0.20
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.13$1.63$1.21$1.03$0.18
2018Detailed filing. Detailed filing data is available for this year.$1.80$0.36$1.44$1.21$1.11$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.95$0.61$1.34$1.19$1.08$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$0.83$1.23$1.16$1.10$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.20$1.04$1.17$1.15$1.08$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.35$1.25$1.10$1.12$1.06$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$1.48$1.04$1.09$1.13$0.04
2012Summary only. Only limited summary data is available for this year.$2.70$1.63$1.07$1.21$1.07$0.14