Civic Intelligence

Omni-Governor Inc.

990 • Fiscal year 2017 • EIN 05-0481911

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 12, 2018

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

96th percentile

1.38x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

7.84x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

17th percentile

-15%

Higher net margin than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$99,516

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 16.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

28th percentile

-2.5%

Faster asset growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

0.4%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$3,383,609

Down $87,435 (-2.5%) from 2016

Net Assets

Down

-$1,296,371

Down $87,253 (-7.2%) from 2016

Liabilities

Down

$4,679,980

Down $182 (-0.0%) from 2016

Revenue

Up

$597,200

Up $2,406 (+0.4%) from 2016

Expenses

Down

$684,453

Down $9,765 (-1.4%) from 2016

Net Income

Up

-$87,253

Up $12,171 (+12%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$3,383,609
Liabilities$4,679,980
Net Assets-$1,296,371

Operations Trend

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

2017

Revenue$597,200
Expenses$684,453
Net Income-$87,253
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 12, 2018
Return Version
2017v2.2
Gross Receipts
$597,200
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$2,959,594$2,885,320▼ $74,274
Cash and Non-Interest-Bearing Accounts$31,936$32,812▲ $876
Prepaid Expenses and Deferred Charges$10,279$8,413▼ $1,866
Accounts Receivable$1,522$2,568▲ $1,046
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,209,118$-1,296,371▼ $87,253
Total Assets$3,471,044$3,383,609▼ $87,435
Other Assets Total$467,713$454,496▼ $13,217
Liabilities
Other Liabilities$70,663$70,353▼ $310
Accounts Payable and Accrued Expenses$1,559$1,879▲ $320
Deferred Revenue$1,240$1,048▼ $192
Total Liabilities$4,680,162$4,679,980▼ $182
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,209,118$-1,296,371▼ $87,253
Total Liabilities and Net Assets / Fund Balance$3,471,044$3,383,609▼ $87,435

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,825,320$2,735,793-
Land$60,000--
Other Assets Org$7,880--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Lawrence E BrownRetired Director$99,516$99,516

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$590,747
Investment Income
$154
Other Revenue
$6,299
Change in Net Assets
$-87,253

Audited Revenue Reconciliation

Revenue per Audited Statements
$597,200
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$597,200
Total Revenue per Form 990
$597,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$567,391
Salaries, Compensation, and Employee Benefits$117,062
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$164,697--$164,697
Occupancy$93,010$10,334-$103,344
Other Salaries and Wages$34,071$44,927-$78,998
Fees for Services Management-$66,062-$66,062
Insurance$36,765--$36,765
Other Employee Benefits$23,676$6,157-$29,833
All Other Expenses$19,327--$19,327
Other Expenses$18,875--$18,875
Office Expenses-$14,344-$14,344
Payroll Taxes$6,691$1,540-$8,231
Fees for Services Accounting-$7,200-$7,200
Fees for Services Other-$3,327-$3,327
Fees for Services Legal-$3,095-$3,095
Advertising-$412-$412
Travel$182--$182
Total Functional Expenses$527,055$157,398$0$684,453

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$684,453
Total Expenses per Audited Statements$684,453
Total Expenses per Form 990$684,453
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 OrganizationOperating Lease Agreement With Omni Development Corporation to Omni Governor, Inc. for the Use of Two Trucks and the Related Operating Costs.No$7,500

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 Expenses$30,821
Accrued Real Estate Taxes$23,466
Tenant Security Deposits$15,564
Accrued Management Fees$502
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 11B

The form 990 is sent to the executive director of the organization. The executive director 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
Sharon Morris
Title
Executive Director
Phone
4014614442
Signed
2018-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Morris
Formed
1995
Legal Domicile
Ri
Voting Board Members
5
Independent Board Members
5
Employees
8
Volunteers
0

Preparer

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

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes were made in the oversight of the audit or process of selection for the auditor.

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, 2017, management believes no such provisions for uncertain tax positions are necessary.

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IRS990/PrincipalOfficerNm0SHARON MORRIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1VACANCIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0597132
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1-6385
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0597132
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-6385
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0129
IRS990/PYOtherExpensesAmt0571170
IRS990/PYOtherRevenueAmt03446
IRS990/PYProgramServiceRevenueAmt0591219
IRS990/PYRevenuesLessExpensesAmt0-99424
IRS990/PYSalariesCompEmpBnftPaidAmt0123048
IRS990/PYTotalExpensesAmt0694218
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0594794
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-87253
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0597200
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1209118
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1296371
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0357568
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0361086
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0363471
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0347442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0366164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01795731
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0154
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0129
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0100
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0155
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0150
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0688
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01062243
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06299
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03446
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03155
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02386
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04365
IRS990ScheduleA/OtherIncome170Grp/TotalAmt019651
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98880
IRS990ScheduleA/PublicSupportPY170Pct00.99060
IRS990ScheduleA/PublicSupportTotal170Amt01795731
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0357568
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0361086
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0363471
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0347442
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0366164
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01795731
IRS990ScheduleA/TotalSupportAmt01816070
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02825320
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02735793
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt05561113
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0684453
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt060000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt060000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017030
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2416864
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt311722
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt47880
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3REAL ESTATE TAX ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015564
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123466
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt230821
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED REAL ESTATE TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED MANAGEMENT FEES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0597200
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, 2017, MANAGEMENT BELIEVES NO SUCH PROVISIONS FOR UNCERTAIN TAX POSITIONS ARE NECESSARY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02885320
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0454496
IRS990ScheduleD/TotalExpensesPerForm990Amt0684453
IRS990ScheduleD/TotalLiabilityAmt070353
IRS990ScheduleD/TotalRevenuePerForm990Amt0597200
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0597200
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0684453
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0OMNI DEVELOPMENT CORPORATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0RELATED ORGANIZATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt07500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0OPERATING LEASE AGREEMENT WITH OMNI DEVELOPMENT CORPORATION TO OMNI GOVERNOR, INC. FOR THE USE OF TWO TRUCKS AND THE RELATED OPERATING COSTS.
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 EXECUTIVE DIRECTOR OF THE ORGANIZATION. THE EXECUTIVE DIRECTOR 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/ExplanationTxt7NO CHANGES WERE MADE IN THE OVERSIGHT OF THE AUDIT OR PROCESS OF SELECTION FOR THE AUDITOR.
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 11B
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03471044
IRS990/TotalAssetsEOYAmt03383609
IRS990/TotalAssetsGrp/BOYAmt03471044
IRS990/TotalAssetsGrp/EOYAmt03383609
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0157398
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0527055
IRS990/TotalFunctionalExpensesGrp/TotalAmt0684453
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04680162
IRS990/TotalLiabilitiesEOYAmt04679980
IRS990/TotalLiabilitiesGrp/BOYAmt04680162
IRS990/TotalLiabilitiesGrp/EOYAmt04679980
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1209118
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1296371
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0527055
IRS990/TotalProgramServiceRevenueAmt0590747
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0597200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0597200
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

Document Assets

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Filings

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