Civic Intelligence

Sheldon Oak Central Inc.

990 • Fiscal year 2013 • EIN 06-1011060

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

Organization ProfileWWW.SHELDONOAK.ORG

View Organization Page

54 South Prospect StreetHartford, CT 06106

(860) 246-0203

Siviq Scores

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

Liabilities / Assets

75th percentile

0.59x

Higher debt load relative to assets than 75% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

86th percentile

2.09x

Higher debt load relative to revenue than 86% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

28th percentile

-1.7%

Higher net margin than 28% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$132,584

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

36th percentile

0.4%

Faster asset growth than 36% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$10,195,472

Up $44,691 (+0.4%) from 2012

Net Assets

Down

$4,223,942

Down $49,395 (-1.2%) from 2012

Liabilities

Up

$5,971,530

Up $94,086 (+1.6%) from 2012

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin28th percentile

Revenue

$2,857,257

No earlier filing loaded for comparison.

Expenses

Up

$2,906,652

Up $361,218 (+14%) from 2012

Net Income

-$49,395

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$15M$10M$5.0M$0Assets 2010: $7,248,296Liabilities 2010: $2,910,523Net Assets 2010: $4,337,7732010Assets 2011: $7,019,046Liabilities 2011: $2,990,739Net Assets 2011: $4,028,3072011Assets 2012: $10,150,781Liabilities 2012: $5,877,444Net Assets 2012: $4,273,3372012Assets 2013: $10,195,472Liabilities 2013: $5,971,530Net Assets 2013: $4,223,9422013Assets 2014: $9,268,604Liabilities 2014: $5,270,775Net Assets 2014: $3,997,8292014Assets 2015: $7,952,475Liabilities 2015: $3,121,231Net Assets 2015: $4,831,2442015Assets 2016: $11,318,975Liabilities 2016: $2,634,919Net Assets 2016: $8,684,0562016Assets 2017: $10,804,681Liabilities 2017: $2,274,689Net Assets 2017: $8,529,9922017Assets 2018: $14,604,709Liabilities 2018: $7,156,074Net Assets 2018: $7,448,6352018Assets 2019: $14,255,381Liabilities 2019: $7,411,099Net Assets 2019: $6,844,2822019Assets 2020: $13,851,622Liabilities 2020: $7,855,738Net Assets 2020: $5,995,8842020Assets 2021: $14,103,924Liabilities 2021: $8,518,036Net Assets 2021: $5,585,8882021Assets 2022: $13,453,585Liabilities 2022: $5,440,521Net Assets 2022: $8,013,0642022Assets 2023: $13,017,067Liabilities 2023: $6,271,383Net Assets 2023: $6,745,6842023Assets 2024: $12,019,540Liabilities 2024: $4,918,763Net Assets 2024: $7,100,7772024

Highlighted filing

2013

Assets$10,195,472
Liabilities$5,971,530
Net Assets$4,223,942
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,315,2442010Expenses 2011: $2,569,1082011Expenses 2012: $2,545,4342012Revenue 2013: $2,857,257Expenses 2013: $2,906,652Net Income 2013: -$49,3952013Revenue 2014: $2,432,135Expenses 2014: $2,658,248Net Income 2014: -$226,1132014Revenue 2015: $3,174,003Expenses 2015: $2,340,588Net Income 2015: $833,4152015Revenue 2016: $6,107,139Expenses 2016: $2,254,327Net Income 2016: $3,852,8122016Revenue 2017: $2,454,460Expenses 2017: $2,608,524Net Income 2017: -$154,0642017Revenue 2018: $2,765,331Expenses 2018: $3,846,688Net Income 2018: -$1,081,3572018Revenue 2019: $2,819,313Expenses 2019: $3,423,666Net Income 2019: -$604,3532019Revenue 2020: $2,863,231Expenses 2020: $3,561,629Net Income 2020: -$698,3982020Revenue 2021: $3,048,500Expenses 2021: $3,458,496Net Income 2021: -$409,9962021Revenue 2022: $2,735,512Expenses 2022: $3,422,721Net Income 2022: -$687,2092022Revenue 2023: $2,498,787Expenses 2023: $3,066,735Net Income 2023: -$567,9482023Revenue 2024: $3,239,193Expenses 2024: $2,955,548Net Income 2024: $283,6452024

Highlighted filing

2013

Revenue$2,857,257
Expenses$2,906,652
Net Income-$49,395
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.0
Gross Receipts
$2,857,257
Mission and Program Overview

Mission

SEE PART I, LINE 1

To provide new/rehabilitated housing to meet needs of at-risk populations incl elderly, handicapped, minorities and low & moderate income persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,145,257$4,856,338▼ $288,919
Other Notes and Loans Receivable, Net$854,000$754,000▼ $100,000
Accounts Receivable$34,816$549,621▲ $514,805
Savings and Temporary Cash Investments$534,312$419,334▼ $114,978
Intangible Assets$109,805$101,589▼ $8,216
Prepaid Expenses and Deferred Charges$22,807$25,727▲ $2,920
Total Assets$10,150,781$10,195,472▲ $44,691
Other Assets Total$3,449,784$3,488,863▲ $39,079
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,980,164$3,107,407▲ $127,243
Unsecured Notes Loans Payable$1,873,585$1,710,389▼ $163,196
Accounts Payable and Accrued Expenses$928,924$1,034,602▲ $105,678
Deferred Revenue$94,771$119,132▲ $24,361
Total Liabilities$5,877,444$5,971,530▲ $94,086
Net Assets / Fund Balance
Unrestricted Net Assets$4,273,337$4,223,942▼ $49,395
Total Net Assets Fund Balance$4,273,337$4,223,942▼ $49,395
Total Liabilities and Net Assets / Fund Balance$10,150,781$10,195,472▲ $44,691

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,426,690$6,667,512$11,094,202
Land$429,648-$429,648
Other Assets Org$3,264,448--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel O MeridaExecutive DirectorFT$107,055$25,529$132,584

Board Members and Trustees

NameTitle
Sister Dorothy StrelchunPresident
John Maziarz JrVice President
Bea PowellDirector
Cherul ZinerDirector
Ed CartyDirector
Luverne MottDirector
Rev Paul RitterDirector
Walter RicciDirector
Marta IribanSecretary
Diony ConcepcionTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$395,296
Program Service Revenue
$2,461,544
Investment Income
$417
Other Revenue
$0
All Other Contributions
$395,296
Change in Net Assets
$-49,395

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,857,257
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,857,257
Total Revenue per Form 990
$2,857,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,062,930
Salaries, Compensation, and Employee Benefits$843,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$264,647$315,586-$580,233
Depreciation Depletion$396,805$1,750-$398,555
Fees for Services Other$221,036$72,942-$293,978
Other Employee Benefits$93,429$111,137-$204,566
All Other Expenses$145,102$53,603-$198,705
Fees for Services Management$132,717$15,840-$148,557
Interest$133,778$11,814-$145,592
Other Expenses$118,812$21,451-$140,263
Office Expenses$39,858$36,107-$75,965
Payroll Taxes$36,876$22,047-$58,923
Fees for Services Accounting-$47,000-$47,000
Fees for Services Legal-$7,112-$7,112
Travel-$2,321-$2,321
Total Functional Expenses$2,100,263$806,389$0$2,906,652

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,906,652
Total Expenses per Audited Statements$2,906,652
Total Expenses per Form 990$2,906,652
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“A copy of the form 990 is shared with the organization's governing body.”

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

“Most of our vendors are contracted through our management companies and while our board oversees the management of our relationship with the management companies they are not in any way involved in the bidding process or vendor selection. Additionally, board members are required to disclose any potential conflict of interest or relationship with vendors that sheldon oak central contracts with directly and staff selects vendors based on specific objective procurement criteria. Because our board, staff and list of vendors are very limited in number, requiring disclosure of relationships and annual reviews of vendor contracts is sufficient to prevent conflict of interest.”

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

EIN
06-1011060
Phone
8602460203

Signing Officer

Name
Daniel Merida
Title
President
Phone
8602460203
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Merida
Formed
1969
Legal Domicile
Ct
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Preparer
Ed Jason
Phone
8605223111
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contractual services: program service expenses 208,091. Management and general expenses 71,012. Fundraising expenses 0. Total expenses 279,103. Professional fees: program service expenses 12,945. Management and general expenses 1,930. Fundraising expenses 0. Total expenses 14,875.”

Financial Statement Notes

PART X, LINE 2:

“Soc implemented the accounting guidance for uncertainty in income taxes. Tax positions initially need to be recognized in the financial statements when it is more-likely-than-not that the position will be sustained upon examination by the tax authorities. As of december 31, 2013, soc has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements and believes that it has appropriate support for income tax positions taken in its tax returns. Currently, the organization's federal informational returns for fiscal year 2009-2012 remain open to inspection by the irs, with the 2013 return to be filed in 2014.”

Raw XML AppendixShowing 400 of 494 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/OtherExpensesGrp/Desc0UTILITIES AND TELEPHONE
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc3INSURANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt085162
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12517
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt221451
IRS990/OtherExpensesGrp/ProgramServicesAmt0134309
IRS990/OtherExpensesGrp/ProgramServicesAmt1216776
IRS990/OtherExpensesGrp/ProgramServicesAmt2166118
IRS990/OtherExpensesGrp/ProgramServicesAmt3118812
IRS990/OtherExpensesGrp/TotalAmt0219471
IRS990/OtherExpensesGrp/TotalAmt1216776
IRS990/OtherExpensesGrp/TotalAmt2168635
IRS990/OtherExpensesGrp/TotalAmt3140263
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0854000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0754000
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022047
IRS990/PayrollTaxesGrp/ProgramServicesAmt036876
IRS990/PayrollTaxesGrp/TotalAmt058923
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022807
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025727
IRS990/PrincipalOfficerNm0DANIEL MERIDA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01834569
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1626975
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01834569
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1626975
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01077182
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02754
IRS990/PYOtherExpensesAmt01770247
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01710528
IRS990/PYRevenuesLessExpensesAmt0245030
IRS990/PYSalariesCompEmpBnftPaidAmt0775187
IRS990/PYTotalExpensesAmt02545434
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02790464
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-49395
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02461544
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0534312
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0419334
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0395296
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0727182
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0487838
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0346762
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0384435
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02341513
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0417
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02754
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01920
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05037
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06969
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017097
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0417
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02754
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01920
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05037
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06969
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017097
IRS990ScheduleA/InvestmentIncomeCYPct00.00720
IRS990ScheduleA/InvestmentIncomePYPct00.01130
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99280
IRS990ScheduleA/PublicSupportPY509Pct00.98870
IRS990ScheduleA/PublicSupportTotal509Amt02341513
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0395296
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0727182
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0487838
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0346762
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0384435
IRS990ScheduleA/Total509Grp/TotalAmt02341513
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0395713
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0729936
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0489758
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0351799
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0391404
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02358610
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/BookValueAmt04426690
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06667512
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011094202
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02906652
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0429648
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0429648
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0224415
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13264448
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ADVANCES TO RELATED PARTIES, NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1HORACE BUSHNELL DEVELOPMENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02857257
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SOC IMPLEMENTED THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES. TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF DECEMBER 31, 2013, SOC HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN IN ITS TAX RETURNS. CURRENTLY, THE ORGANIZATION'S FEDERAL INFORMATIONAL RETURNS FOR FISCAL YEAR 2009-2012 REMAIN OPEN TO INSPECTION BY THE IRS, WITH THE 2013 RETURN TO BE FILED IN 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04856338
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03488863
IRS990ScheduleD/TotalExpensesPerForm990Amt02906652
IRS990ScheduleD/TotalRevenuePerForm990Amt02857257
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02857257
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02906652
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS SHARED WITH THE ORGANIZATION'S GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MOST OF OUR VENDORS ARE CONTRACTED THROUGH OUR MANAGEMENT COMPANIES AND WHILE OUR BOARD OVERSEES THE MANAGEMENT OF OUR RELATIONSHIP WITH THE MANAGEMENT COMPANIES THEY ARE NOT IN ANY WAY INVOLVED IN THE BIDDING PROCESS OR VENDOR SELECTION. ADDITIONALLY, BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST OR RELATIONSHIP WITH VENDORS THAT SHELDON OAK CENTRAL CONTRACTS WITH DIRECTLY AND STAFF SELECTS VENDORS BASED ON SPECIFIC OBJECTIVE PROCUREMENT CRITERIA. BECAUSE OUR BOARD, STAFF AND LIST OF VENDORS ARE VERY LIMITED IN NUMBER, REQUIRING DISCLOSURE OF RELATIONSHIPS AND ANNUAL REVIEWS OF VENDOR CONTRACTS IS SUFFICIENT TO PREVENT CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 208,091. MANAGEMENT AND GENERAL EXPENSES 71,012. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 279,103. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 12,945. MANAGEMENT AND GENERAL EXPENSES 1,930. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,875.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0061337779
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0TO PROMOTE AND UNDERTAKE PRIMARILY LOW INCOME HOUSING.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine10TWIN ACRES LIMITED PARTNERSHIP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt0548477
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0-105189
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1054 SOUTH PROSPECT STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/City0HARTFORD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/State0CT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCode006106
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10MLK COOPERATIVE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0061462248
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROMOTE AND UNDERTAKE PRIMARILY LOW INCOME HOUSING.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1054 SOUTH PROSPECT STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0HARTFORD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode006106
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,195,472
Liabilities
$5,971,530
Net assets
$4,223,942
Revenue
$2,857,257
Expenses
$2,906,652
Net income
-$49,395
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.0$4.92$7.10$3.24$2.96$0.28
2023Detailed filing. Detailed filing data is available for this year.$13.0$6.27$6.75$2.50$3.07$0.57
2022Detailed filing. Detailed filing data is available for this year.$13.5$5.44$8.01$2.74$3.42$0.69
2021Detailed filing. Detailed filing data is available for this year.$14.1$8.52$5.59$3.05$3.46$0.41
2020Detailed filing. Detailed filing data is available for this year.$13.9$7.86$6.00$2.86$3.56$0.70
2019Detailed filing. Detailed filing data is available for this year.$14.3$7.41$6.84$2.82$3.42$0.60
2018Detailed filing. Detailed filing data is available for this year.$14.6$7.16$7.45$2.77$3.85$1.08
2017Detailed filing. Detailed filing data is available for this year.$10.8$2.27$8.53$2.45$2.61$0.15
2016Summary only. Only limited summary data is available for this year.$11.3$2.63$8.68$6.11$2.25$3.85
2015Detailed filing. Detailed filing data is available for this year.$7.95$3.12$4.83$3.17$2.34$0.83
2014Detailed filing. Detailed filing data is available for this year.$9.27$5.27$4.00$2.43$2.66$0.23
2013Detailed filing. Detailed filing data is available for this year.$10.2$5.97$4.22$2.86$2.91$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$5.88$4.27$2.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.02$2.99$4.03$2.57
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.25$2.91$4.34$2.32