Civic Intelligence

Omni-Governor Inc.

990 • Fiscal year 2014 • EIN 05-0481911

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 21, 2015

Organization ProfileN/A
810 Eddy StreetProvidence, RI 02905

(401) 461-4442

Siviq Scores

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

Liabilities / Assets

95th percentile

1.28x

Higher debt load relative to assets than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

8.45x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

78th percentile

$120,767

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 21.9% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

30th percentile

-2.5%

Faster asset growth than 30% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

36th percentile

-1.1%

Faster revenue growth than 36% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$3,654,169

Down $95,218 (-2.5%) from 2013

Net Assets

Down

-$1,014,387

Down $93,017 (-10%) from 2013

Liabilities

Down

$4,668,556

Down $2,201 (-0.0%) from 2013

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin15th percentile

Revenue

Down

$552,298

Down $5,966 (-1.1%) from 2013

Expenses

Up

$645,315

Up $11,747 (+1.9%) from 2013

Net Income

Down

-$93,017

Down $17,713 (-24%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $3,800,695Liabilities 2010: $4,670,749Net Assets 2010: -$870,0542010Assets 2011: $3,893,771Liabilities 2011: $4,665,490Net Assets 2011: -$771,7192011Assets 2012: $3,845,100Liabilities 2012: $4,691,166Net Assets 2012: -$846,0662012Assets 2013: $3,749,387Liabilities 2013: $4,670,757Net Assets 2013: -$921,3702013Assets 2014: $3,654,169Liabilities 2014: $4,668,556Net Assets 2014: -$1,014,3872014Assets 2015: $3,555,007Liabilities 2015: $4,664,701Net Assets 2015: -$1,109,6942015Assets 2016: $3,471,044Liabilities 2016: $4,680,162Net Assets 2016: -$1,209,1182016Assets 2017: $3,383,609Liabilities 2017: $4,679,980Net Assets 2017: -$1,296,3712017Assets 2018: $3,283,877Liabilities 2018: $4,712,594Net Assets 2018: -$1,428,7172018Assets 2019: $3,150,433Liabilities 2019: $4,689,694Net Assets 2019: -$1,539,2612019Assets 2020: $3,067,563Liabilities 2020: $4,720,487Net Assets 2020: -$1,652,9242020Assets 2021: $2,959,119Liabilities 2021: $4,731,162Net Assets 2021: -$1,772,0432021Assets 2022: $2,830,062Liabilities 2022: $4,715,208Net Assets 2022: -$1,885,1462022Assets 2023: $2,736,971Liabilities 2023: $4,743,066Net Assets 2023: -$2,006,0952023Assets 2024: $2,595,864Liabilities 2024: $4,761,175Net Assets 2024: -$2,165,3112024

Highlighted filing

2014

Assets$3,654,169
Liabilities$4,668,556
Net Assets-$1,014,387
Open 2014 Filing

Operations Trend

Revenue Growth36th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $610,0812010Expenses 2011: $597,0532011Expenses 2012: $620,8292012Revenue 2013: $558,264Expenses 2013: $633,568Net Income 2013: -$75,3042013Revenue 2014: $552,298Expenses 2014: $645,315Net Income 2014: -$93,0172014Revenue 2015: $575,757Expenses 2015: $671,064Net Income 2015: -$95,3072015Revenue 2016: $594,794Expenses 2016: $694,218Net Income 2016: -$99,4242016Revenue 2017: $597,200Expenses 2017: $684,453Net Income 2017: -$87,2532017Revenue 2018: $603,219Expenses 2018: $735,565Net Income 2018: -$132,3462018Revenue 2019: $584,761Expenses 2019: $695,305Net Income 2019: -$110,5442019Revenue 2020: $600,503Expenses 2020: $714,166Net Income 2020: -$113,6632020Revenue 2021: $602,945Expenses 2021: $722,064Net Income 2021: -$119,1192021Revenue 2022: $628,340Expenses 2022: $741,443Net Income 2022: -$113,1032022Revenue 2023: $663,274Expenses 2023: $784,223Net Income 2023: -$120,9492023Revenue 2024: $699,770Expenses 2024: $853,705Net Income 2024: -$153,9352024

Highlighted filing

2014

Revenue$552,298
Expenses$645,315
Net Income-$93,017
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 21, 2015
Return Version
2014v5.0
Gross Receipts
$552,298
Mission and Program Overview

Mission

To provide low-income housing for eligible elderly people.

Low-income housing for elderly persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$4,606,700$4,606,700→ $0
Land, Buildings, and Equipment, Net$3,361,257$3,243,995▼ $117,262
Cash and Non-Interest-Bearing Accounts$19,451$23,097▲ $3,646
Prepaid Expenses and Deferred Charges$10,333$10,800▲ $467
Accounts Receivable$1,365$1,666▲ $301
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-921,370$-1,014,387▼ $93,017
Total Assets$3,749,387$3,654,169▼ $95,218
Other Assets Total$356,981$374,611▲ $17,630
Liabilities
Other Liabilities$51,689$48,771▼ $2,918
Accounts Payable and Accrued Expenses$11,806$12,322▲ $516
Deferred Revenue$562$763▲ $201
Total Liabilities$4,670,757$4,668,556▼ $2,201
Net Assets / Fund Balance
Total Net Assets Fund Balance$-921,370$-1,014,387▼ $93,017
Total Liabilities and Net Assets / Fund Balance$3,749,387$3,654,169▼ $95,218

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,183,995$2,237,594-
Other Land Buildings$0--
Land$60,000--
Equipment$0--
Leasehold Improvements$0--
Other Assets Org$11,955--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleOtherTotal
Joseph a CaffeyDirector$120,767$120,767
Laurence E BrownDirector$93,855$93,855

Board Members and Trustees

NameTitle
Laurence K FlynnChairman
Stephen Napolitano EsquireVice Chairman
Kathy PlacenciaSecretary
Michael AaronsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$549,757
Investment Income
$155
Other Revenue
$2,386
Change in Net Assets
$-93,017

Audited Revenue Reconciliation

Revenue per Audited Statements
$552,298
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$552,298
Total Revenue per Form 990
$552,298
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$530,644
Salaries, Compensation, and Employee Benefits$114,671
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$162,802--$162,802
Occupancy$93,452$10,384-$103,836
Other Salaries and Wages$37,592$41,496-$79,088
Fees for Services Management-$61,020-$61,020
Office Expenses-$33,530-$33,530
Insurance$31,379--$31,379
Other Employee Benefits$12,030$13,032-$25,062
Other Expenses$14,267--$14,267
Payroll Taxes$5,050$5,471-$10,521
Fees for Services Accounting-$7,200-$7,200
Fees for Services Other-$2,700-$2,700
Advertising-$180-$180
Total Functional Expenses$470,302$175,013$0$645,315

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$645,315
Total Expenses per Audited Statements$645,315
Total Expenses per Form 990$645,315
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Related OrganizationSnow Removal Services Were Provided From Omni Development Corporation to Omni Governor, Inc.No$3,276

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$4,606,700$4,606,700→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Taxes$22,150
Tenant Security Deposits$13,926
Accrued Expenses$12,695
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The property is a hud regulated property and the organization has historically hired a hud-approved management agent to run the day to day operations of the property. This includes dealing with tenant issues, tenant certification and recertifications, policies and procedures and all accounting procedures.”

Form 990, Part VI, Section A, Line 8A

“No meetings were held during the year by the governing body that resulted in written actions that were undertaken. Weekly meetings with the management company and owners occurred to discuss and review financial information.”

Form 990, Part VI, Section A, Line 8B

“No meetings were held during the year by committees that resulted in written actions that were undertaken. Weekly meetings with the management company and owners occurred to discuss and review financial information.”

Form 990, Part VI, Section B, Line 11

“The form 990 is sent to the treasurer of the organization who is also a certified public accountant. He reviews it, makes any necessary changes and then signs off on it.”

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

“The management company has adopted a conflict of interest policy that requires employee to disclose relationships with vendors and to obtain approval before using management approved vendors. They are reviewed periodically during the year.”

Form 990, Part VI, Section C, Line 18

“These documents are available upon request. They are provided by the management company of the property and the owners.”

Form 990, Part VI, Section C, Line 19

“These documents are available upon request. They are provided by the management company of the property and the owners.”

Filing and Contact Details

Filer

Filer Name
Omni-governor Inc
EIN
05-0481911
Phone
4014614442
Address
810 EDDY STREET, PROVIDENCE, RI 02905

Signing Officer

Name
Joseph Caffey
Title
President
Phone
4014614442
Signed
2015-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Caffey
Formed
1995
Legal Domicile
Ri
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Disanto Priest & Co
Address
117 METRO CENTER BOULEVARD 3000, WARWICK, RI 02886
Preparer
James Martin CPA
Phone
4019212000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The project has adopted the "accounting for uncertainty in income taxes" topic of the fasb asc, which prescribes a comprehensive model for recognizing, measuring, presenting and disclosing in the financial statements tax positions taken or expected to be taken on a tax return. At december 31, 2014, management believes no such provisions for uncertain tax positions are necessary.”

Raw XML AppendixShowing 400 of 435 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt011806
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt012322
IRS990/AccountsReceivableGrp/BOYAmt01365
IRS990/AccountsReceivableGrp/EOYAmt01666
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0LOW-INCOME HOUSING FOR ELDERLY PERSONS
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0180
IRS990/AdvertisingGrp/TotalAmt0180
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0OMNI-GOVERNOR
IRS990/BooksInCareOfDetail/PhoneNum04014614442
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0810 EDDY STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0PROVIDENCE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002905
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd01
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt019451
IRS990/CashNonInterestBearingGrp/EOYAmt023097
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0155
IRS990/CYOtherExpensesAmt0530644
IRS990/CYOtherRevenueAmt02386
IRS990/CYProgramServiceRevenueAmt0549757
IRS990/CYRevenuesLessExpensesAmt0-93017
IRS990/CYSalariesCompEmpBnftPaidAmt0114671
IRS990/CYTotalExpensesAmt0645315
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0552298
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0562
IRS990/DeferredRevenueGrp/EOYAmt0763
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0162802
IRS990/DepreciationDepletionGrp/TotalAmt0162802
IRS990/Desc0THE LARGEST AND ONLY PROGRAM OF THE PROJECT IS TO PROVIDE LOW-INCOME HOUSING TO ELIGIBLE ELDERLY PERSONS. THE PROGRAM EXPENSES RELATING TO THIS TOTALLED $376,850 AND THE MANAGEMENT AND GENERAL EXPENSES TOTALLED $268,465. THE INCOME DIRECTLY RELATED TO HOUSING ASSISTANCE PAYMENTS AND PAYMENTS FROM THE RESIDENTS TOTALLING $549,757.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0470302
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07200
IRS990/FeesForServicesAccountingGrp/TotalAmt07200
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt061020
IRS990/FeesForServicesManagementGrp/TotalAmt061020
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt02700
IRS990/FeesForServicesOtherGrp/TotalAmt02700
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSEPH A CAFFEY
IRS990/Form990PartVIISectionAGrp/PersonNm1KATHY PLACENCIA
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL AARONSON
IRS990/Form990PartVIISectionAGrp/PersonNm3STEPHEN NAPOLITANO ESQUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm4LAURENCE E BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm5LAURENCE K FLYNN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0120767
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt493855
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0552298
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt031379
IRS990/InsuranceGrp/TotalAmt031379
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0155
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0155
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02237594
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03361257
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03243995
IRS990/LandBldgEquipCostOrOtherBssAmt05481589
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt04606700
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt04606700
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd00
IRS990/MissionDesc0TO PROVIDE LOW-INCOME HOUSING FOR ELIGIBLE ELDERLY PEOPLE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-921370
IRS990/NetAssetsOrFundBalancesEOYAmt0-1014387
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt010384
IRS990/OccupancyGrp/ProgramServicesAmt093452
IRS990/OccupancyGrp/TotalAmt0103836
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt033530
IRS990/OfficeExpensesGrp/TotalAmt033530
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0356981
IRS990/OtherAssetsTotalGrp/EOYAmt0374611
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013032
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012030
IRS990/OtherEmployeeBenefitsGrp/TotalAmt025062
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2SOCIAL SERVICES PAYROLL
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt047866
IRS990/OtherExpensesGrp/ProgramServicesAmt144334
IRS990/OtherExpensesGrp/ProgramServicesAmt221530
IRS990/OtherExpensesGrp/ProgramServicesAmt314267
IRS990/OtherExpensesGrp/TotalAmt047866
IRS990/OtherExpensesGrp/TotalAmt144334
IRS990/OtherExpensesGrp/TotalAmt221530
IRS990/OtherExpensesGrp/TotalAmt314267
IRS990/OtherLiabilitiesGrp/BOYAmt051689
IRS990/OtherLiabilitiesGrp/EOYAmt048771
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0TENANT SERVICES AND UT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02386
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02386
IRS990/OtherRevenueTotalAmt02386
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt041496
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt037592
IRS990/OtherSalariesAndWagesGrp/TotalAmt079088
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05471
IRS990/PayrollTaxesGrp/ProgramServicesAmt05050
IRS990/PayrollTaxesGrp/TotalAmt010521
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010333
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010800
IRS990/PrincipalOfficerNm0JOSEPH CAFFEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1VACANCIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0560880
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1-11123
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0560880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-11123
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0150
IRS990/PYOtherExpensesAmt0520987
IRS990/PYOtherRevenueAmt04365
IRS990/PYProgramServiceRevenueAmt0553749
IRS990/PYRevenuesLessExpensesAmt0-75304
IRS990/PYSalariesCompEmpBnftPaidAmt0112581
IRS990/PYTotalExpensesAmt0633568
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0558264
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-93017
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0552298
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-921370
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1014387
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0347442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0366164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0357783
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0516337
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0364326
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01952052
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0155
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0150
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0173
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0174
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0401
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01053
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0939237
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02386
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04365
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02899
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03051
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt05619
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018320
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99020
IRS990ScheduleA/PublicSupportPY170Pct00.98820
IRS990ScheduleA/PublicSupportTotal170Amt01952052
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0347442
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0366164
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0357783
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0516337
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0364326
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01952052
IRS990ScheduleA/TotalSupportAmt01971425
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03183995
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02237594
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt05421589
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0645315
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt060000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt060000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015288
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2335171
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt311197
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt411955
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3REAL ESTATE TAX ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013926
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt212695
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED EXPENSES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0552298
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT HAS ADOPTED THE "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" TOPIC OF THE FASB ASC, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. AT DECEMBER 31, 2014, MANAGEMENT BELIEVES NO SUCH PROVISIONS FOR UNCERTAIN TAX POSITIONS ARE NECESSARY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03243995
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0374611
IRS990ScheduleD/TotalExpensesPerForm990Amt0645315
IRS990ScheduleD/TotalLiabilityAmt048771
IRS990ScheduleD/TotalRevenuePerForm990Amt0552298
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0552298
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0645315
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0OMNI DEVELOPMENT CORPORATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0RELATED ORGANIZATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt03276
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SNOW REMOVAL SERVICES WERE PROVIDED FROM OMNI DEVELOPMENT CORPORATION TO OMNI GOVERNOR, INC.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt04606700
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0CAPITAL ADVANCE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE ELDERLY PEOPLE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt04606700
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. HOLDER OF CAPITAL ADVANCE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt04606700
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY IS A HUD REGULATED PROPERTY AND THE ORGANIZATION HAS HISTORICALLY HIRED A HUD-APPROVED MANAGEMENT AGENT TO RUN THE DAY TO DAY OPERATIONS OF THE PROPERTY. THIS INCLUDES DEALING WITH TENANT ISSUES, TENANT CERTIFICATION AND RECERTIFICATIONS, POLICIES AND PROCEDURES AND ALL ACCOUNTING PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO MEETINGS WERE HELD DURING THE YEAR BY THE GOVERNING BODY THAT RESULTED IN WRITTEN ACTIONS THAT WERE UNDERTAKEN. WEEKLY MEETINGS WITH THE MANAGEMENT COMPANY AND OWNERS OCCURRED TO DISCUSS AND REVIEW FINANCIAL INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO MEETINGS WERE HELD DURING THE YEAR BY COMMITTEES THAT RESULTED IN WRITTEN ACTIONS THAT WERE UNDERTAKEN. WEEKLY MEETINGS WITH THE MANAGEMENT COMPANY AND OWNERS OCCURRED TO DISCUSS AND REVIEW FINANCIAL INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS SENT TO THE TREASURER OF THE ORGANIZATION WHO IS ALSO A CERTIFIED PUBLIC ACCOUNTANT. HE REVIEWS IT, MAKES ANY NECESSARY CHANGES AND THEN SIGNS OFF ON IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGEMENT COMPANY HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES EMPLOYEE TO DISCLOSE RELATIONSHIPS WITH VENDORS AND TO OBTAIN APPROVAL BEFORE USING MANAGEMENT APPROVED VENDORS. THEY ARE REVIEWED PERIODICALLY DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. THEY ARE PROVIDED BY THE MANAGEMENT COMPANY OF THE PROPERTY AND THE OWNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. THEY ARE PROVIDED BY THE MANAGEMENT COMPANY OF THE PROPERTY AND THE OWNERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03749387
IRS990/TotalAssetsEOYAmt03654169
IRS990/TotalAssetsGrp/BOYAmt03749387
IRS990/TotalAssetsGrp/EOYAmt03654169
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0175013
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0470302
IRS990/TotalFunctionalExpensesGrp/TotalAmt0645315
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04670757
IRS990/TotalLiabilitiesEOYAmt04668556
IRS990/TotalLiabilitiesGrp/BOYAmt04670757
IRS990/TotalLiabilitiesGrp/EOYAmt04668556
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-921370
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1014387
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0470302
IRS990/TotalProgramServiceRevenueAmt0549757
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0552298
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0552298
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03749387
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03654169
IRS990/TotReportableCompRltdOrgAmt0214622
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0810 EDDY STREET

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,654,169
Liabilities
$4,668,556
Net assets
-$1,014,387
Revenue
$552,298
Expenses
$645,315
Net income
-$93,017
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.60$4.76$2.17$0.70$0.85$0.15
2023Detailed filing. Detailed filing data is available for this year.$2.74$4.74$2.01$0.66$0.78$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.83$4.72$1.89$0.63$0.74$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.96$4.73$1.77$0.60$0.72$0.12
2020Detailed filing. Detailed filing data is available for this year.$3.07$4.72$1.65$0.60$0.71$0.11
2019Detailed filing. Detailed filing data is available for this year.$3.15$4.69$1.54$0.58$0.70$0.11
2018Detailed filing. Detailed filing data is available for this year.$3.28$4.71$1.43$0.60$0.74$0.13
2017Detailed filing. Detailed filing data is available for this year.$3.38$4.68$1.30$0.60$0.68$0.09
2016Detailed filing. Detailed filing data is available for this year.$3.47$4.68$1.21$0.59$0.69$0.10
2015Detailed filing. Detailed filing data is available for this year.$3.56$4.66$1.11$0.58$0.67$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.65$4.67$1.01$0.55$0.65$0.09
2013Detailed filing. Detailed filing data is available for this year.$3.75$4.67$0.92$0.56$0.63$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$4.69$0.85$0.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$4.67$0.77$0.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.80$4.67$0.87$0.61