Civic Intelligence

Federation Homes Inc.

990 • Fiscal year 2020 • EIN 06-1019012

Oct 01, 2019 to Sep 30, 2020 • Filed on Jul 16, 2021

CO Vesta 175 Powder Forest DrWeatogue, CT 06089

(860) 325-1700

Siviq Scores

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

Liabilities / Assets

98th percentile

1.78x

Higher debt load relative to assets than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

2.47x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

47th percentile

3.9%

Higher net margin than 47% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

81st percentile

$139,553

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

22nd percentile

-2.7%

Faster asset growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

1.4%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,519,520

Down $69,635 (-2.7%) from 2019

Net Assets

Up

-$1,972,243

Up $70,609 (+3.5%) from 2019

Liabilities

Down

$4,491,763

Down $140,244 (-3.0%) from 2019

Revenue

Up

$1,821,809

Up $24,377 (+1.4%) from 2019

Expenses

Down

$1,751,200

Down $67,185 (-3.7%) from 2019

Net Income

Up

$70,609

Up $91,562 (+437%) from 2019

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 2011: $3,751,086Liabilities 2011: $5,549,684Net Assets 2011: -$1,798,5982011Assets 2012: $3,610,549Liabilities 2012: $5,364,142Net Assets 2012: -$1,753,5932012Assets 2013: $3,521,675Liabilities 2013: $5,288,597Net Assets 2013: -$1,766,9222013Assets 2014: $3,361,697Liabilities 2014: $5,209,946Net Assets 2014: -$1,848,2492014Assets 2015: $3,279,679Liabilities 2015: $5,276,907Net Assets 2015: -$1,997,2282015Assets 2016: $3,113,232Liabilities 2016: $5,165,648Net Assets 2016: -$2,052,4162016Assets 2017: $2,857,163Liabilities 2017: $4,885,515Net Assets 2017: -$2,028,3522017Assets 2018: $2,699,425Liabilities 2018: $4,721,324Net Assets 2018: -$2,021,8992018Assets 2019: $2,589,155Liabilities 2019: $4,632,007Net Assets 2019: -$2,042,8522019Assets 2020: $2,519,520Liabilities 2020: $4,491,763Net Assets 2020: -$1,972,2432020Assets 2021: $2,610,672Liabilities 2021: $4,389,898Net Assets 2021: -$1,779,2262021Assets 2022: $2,590,440Liabilities 2022: $4,132,773Net Assets 2022: -$1,542,3332022Assets 2023: $2,671,687Liabilities 2023: $4,081,122Net Assets 2023: -$1,409,4352023Assets 2024: $3,394,946Liabilities 2024: $4,118,066Net Assets 2024: -$723,1202024Assets 2025: $3,933,128Liabilities 2025: $4,001,761Net Assets 2025: -$68,6332025

Highlighted filing

2020

Assets$2,519,520
Liabilities$4,491,763
Net Assets-$1,972,243

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,622,959Expenses 2011: $1,589,463Net Income 2011: $33,4962011Expenses 2012: $1,579,8892012Revenue 2013: $1,707,732Expenses 2013: $1,721,061Net Income 2013: -$13,3292013Revenue 2014: $1,694,688Expenses 2014: $1,776,015Net Income 2014: -$81,3272014Revenue 2015: $1,672,521Expenses 2015: $1,821,500Net Income 2015: -$148,9792015Revenue 2016: $1,768,621Expenses 2016: $1,823,809Net Income 2016: -$55,1882016Revenue 2017: $1,779,246Expenses 2017: $1,755,182Net Income 2017: $24,0642017Revenue 2018: $1,764,761Expenses 2018: $1,758,308Net Income 2018: $6,4532018Revenue 2019: $1,797,432Expenses 2019: $1,818,385Net Income 2019: -$20,9532019Revenue 2020: $1,821,809Expenses 2020: $1,751,200Net Income 2020: $70,6092020Revenue 2021: $1,902,276Expenses 2021: $1,709,259Net Income 2021: $193,0172021Revenue 2022: $1,948,509Expenses 2022: $1,711,616Net Income 2022: $236,8932022Revenue 2023: $1,963,898Expenses 2023: $1,831,000Net Income 2023: $132,8982023Revenue 2024: $2,414,358Expenses 2024: $2,003,384Net Income 2024: $410,9742024Revenue 2025: $2,724,060Expenses 2025: $2,069,573Net Income 2025: $654,4872025

Highlighted filing

2020

Revenue$1,821,809
Expenses$1,751,200
Net Income$70,609
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jul 16, 2021
Return Version
2019v5.2
Gross Receipts
$1,821,809
Mission and Program Overview

Mission

The goal of federation homes is to provide a safe, secure home with supportive staff; to promote independence; and to offer a diversified educational, cultural, and social calendar of activities and programs to enhance quality of life for our residents. (see schedule o) our mission is to support our residents' desire to remain in the community for as long as possible.

The organization's exempt purpose is to provide affordable housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,804,290$1,686,950▼ $117,340
Cash and Non-Interest-Bearing Accounts$70,669$62,099▼ $8,570
Prepaid Expenses and Deferred Charges$21,503$54,679▲ $33,176
Accounts Receivable$31,419$7,382▼ $24,037
Total Assets$2,589,155$2,519,520▼ $69,635
Other Assets Total$661,274$708,410▲ $47,136
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,386,932$4,251,002▼ $135,930
Accounts Payable and Accrued Expenses$203,408$194,543▼ $8,865
Other Liabilities$41,667$46,218▲ $4,551
Total Liabilities$4,632,007$4,491,763▼ $140,244
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,042,852$-1,972,243▲ $70,609
Total Net Assets Fund Balance$-2,042,852$-1,972,243▲ $70,609
Total Liabilities and Net Assets / Fund Balance$2,589,155$2,519,520▼ $69,635

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,449,505$6,381,261$7,830,766
Equipment$37,318$480,914$518,232
Land$200,127-$200,127
Other Assets Org$41,159--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jonathan ReinerSecretary/executive DirectFT$122,696$16,857$139,553

Board Members and Trustees

NameTitle
Brenda P DelgadoChairman
David GindenPresident
Richard Welk2nd Vice President
Jane UrbanIst Vice President
Alan LefkowitzDirector
Carl MandellDirector
Deborah ZahorodniDirector
Debra RosenDirector
Dolorse PertillarDirector
Jan RosenthalDirector
Maurice JenningsDirector
Ruthan WeinDirector
Victor BernsteinDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Vesta Management CorpManagement Services175 POWDER FOREST DR, Weatogue, CT 06089$114,394
Revenue and Support

Revenue Composition

Contributions and Grants
$1,403,331
Program Service Revenue
$418,119
Investment Income
$283
Other Revenue
$76
All Other Contributions
$12,872
Change in Net Assets
$70,609

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,821,809
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$18,282
Total Revenue per Audited Statements
$1,840,091
Total Revenue per Form 990
$1,821,809
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,270,710
Salaries, Compensation, and Employee Benefits$480,490
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$341,782--$341,782
Other Salaries and Wages$247,380--$247,380
Depreciation Depletion$193,887--$193,887
Interest$172,429--$172,429
Current Officers, Directors, Trustees, and Key Employees$142,377--$142,377
Fees for Services Management-$105,007-$105,007
Insurance$100,889--$100,889
Office Expenses$65,434--$65,434
Other Employee Benefits$54,130--$54,130
Payroll Taxes$27,990--$27,990
Advertising$24,807--$24,807
Fees for Services Accounting-$23,796-$23,796
Pension Plan Contributions$8,613--$8,613
Fees for Services Legal$190--$190
Other Expenses$100--$100
Total Functional Expenses$1,622,397$128,803$0$1,751,200

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,769,482
Expenses per Audited Statements$1,751,200
Total Expenses per Form 990$1,751,200
Expenses Not Reported on Form 990$18,282
Expenses Not Reported on Financial Statements$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
Resident Security Deposit$39,336
Prepaid Revenue$6,882
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 35% controlled entity
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
Yes
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 organization engages a real estate property management company (vesta management corporation) to manage the physical property and to perform bookkeeping services. Additionally the board hires an executive director independent of the management company who along with his staff (also independent of the management company), supervises the day to day operations of the site.

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

The form 990 is reviewed by both the management agent and the executive director and the 1st vice president/chair of the finance committee prior to filing. Additionally a copy is distributed to all members of the executive and finance committee prior to filing.

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

Each director, officer, employee and volunteer shall be provided with and asked to review a copy of the conflict of interest policy and to acknowledge in writing that he or she has done so. Annually each director, officer, employee and volunteer shall complete a disclosure form identifying any relationships, positions or circumstances in which s/he is involved that he or she believes could contribute to a conflict of interest. This policy shall be reviewed annually by each member of the board of directors. Any changes to the policy shall be communicated to all staff and volunteers.

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

The responsibilities of the top financial manager are accomplished through the engagement of a property management agent whose fee must be approved by the us dept of hud. The salary of the executive director is reviewed and approved by the finance committee and executive committee annually as part of the budgetting process.

Form 990, Part VI, Section C, Line 19

Form 990 is available on guidestar. Form 1023 is available upon request.

Filing and Contact Details

Filer

Filer Name
Federation Homes Inc
EIN
06-1019012
Phone
8603251700
Address
CO VESTA 175 POWDER FOREST DR, WEATOGUE, CT 06089

Signing Officer

Name
Jonathan Reiner
Title
Executive Director
Phone
8602432535
Signed
2021-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan E Reiner
Formed
1978
Legal Domicile
Ct
Voting Board Members
14
Independent Board Members
13
Employees
4
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
350 CHURCH STREET 12TH FLOOR, HARTFORD, CT 06103
Preparer
Brian Criscio
Phone
9592007000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There have been no changes made to the organization's oversight or selection process during the tax year.

Financial Statement Notes

PART IV, LINE 2B:

The organization holds security deposits for rented units

PART X, LINE 2:

The corporation has applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax exempt entity pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended september 30, 2020. Due to its tax exempt status, the corporation is not subject to income taxes. The corporation is required to file and does file tax returns with the irs and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the corporation are subject to examination by the irs for a period of three years. While no income tax returns are currently being examined by the irs, tax years since 2016 remain open.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rent free unit reflected in total revenues per audit 18,282.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rent free unit reflected in total revenues & total expenses per audit 18,282.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt32ND VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt01390459
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01821809
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0100889
IRS990/InsuranceGrp/TotalAmt0100889
IRS990/InterestGrp/ProgramServicesAmt0172429
IRS990/InterestGrp/TotalAmt0172429
IRS990/InvestmentIncomeGrp/ExclusionAmt0283
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0283
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06862175
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01804290
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01686950
IRS990/LandBldgEquipCostOrOtherBssAmt08549125
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE GOAL OF FEDERATION HOMES IS TO PROVIDE A SAFE, SECURE HOME WITH SUPPORTIVE STAFF; TO PROMOTE INDEPENDENCE; AND TO OFFER A DIVERSIFIED EDUCATIONAL, CULTURAL, AND SOCIAL CALENDAR OF ACTIVITIES AND PROGRAMS TO ENHANCE QUALITY OF LIFE FOR OUR RESIDENTS. OUR MISSION IS TO SUPPORT OUR RESIDENTS' DESIRE TO REMAIN IN THE COMMUNITY FOR AS LONG AS POSSIBLE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04386932
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04251002
IRS990/NetAssetsOrFundBalancesBOYAmt0-2042852
IRS990/NetAssetsOrFundBalancesEOYAmt0-1972243
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-2042852
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1972243
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0341782
IRS990/OccupancyGrp/TotalAmt0341782
IRS990/OfficeExpensesGrp/ProgramServicesAmt065434
IRS990/OfficeExpensesGrp/TotalAmt065434
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0661274
IRS990/OtherAssetsTotalGrp/EOYAmt0708410
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt054130
IRS990/OtherEmployeeBenefitsGrp/TotalAmt054130
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1PERMITS & TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0242389
IRS990/OtherExpensesGrp/ProgramServicesAmt1100
IRS990/OtherExpensesGrp/TotalAmt0242389
IRS990/OtherExpensesGrp/TotalAmt1100
IRS990/OtherLiabilitiesGrp/BOYAmt041667
IRS990/OtherLiabilitiesGrp/EOYAmt046218
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt076
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt076
IRS990/OtherRevenueTotalAmt076
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0247380
IRS990/OtherSalariesAndWagesGrp/TotalAmt0247380
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt027990
IRS990/PayrollTaxesGrp/TotalAmt027990
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08613
IRS990/PensionPlanContributionsGrp/TotalAmt08613
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021503
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt054679
IRS990/PrincipalOfficerNm0JONATHAN E REINER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0418119
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0418119
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01365523
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0357
IRS990/PYOtherExpensesAmt01347826
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0431552
IRS990/PYRevenuesLessExpensesAmt0-20953
IRS990/PYSalariesCompEmpBnftPaidAmt0470559
IRS990/PYTotalExpensesAmt01818385
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01797432
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt070609
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0418195
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS REVENUE - 2017 AMOUNT: $ 936. 2019 AMOUNT: $ 76.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01401331
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01365523
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01368116
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01383433
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01353782
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06872185
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0283
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0357
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0525
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0503
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0449
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02117
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02054555
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt076
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0936
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01012
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99950
IRS990ScheduleA/PublicSupportPY170Pct00.99950
IRS990ScheduleA/PublicSupportTotal170Amt06872185
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01401331
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01365523
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01368116
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01383433
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01353782
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06872185
IRS990ScheduleA/TotalSupportAmt06875314
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/AdditionsDuringYearAmt0943
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BeginningBalanceAmt038393
IRS990ScheduleD/BuildingsGrp/BookValueAmt01449505
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06381261
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07830766
IRS990ScheduleD/EndingBalanceAmt039336
IRS990ScheduleD/EquipmentGrp/BookValueAmt037318
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0480914
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0518232
IRS990ScheduleD/ExpensesNotReportedAmt018282
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01751200
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0200127
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200127
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0133979
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1533272
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt241159
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGE ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENT & RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherExpensesIncludedAmt018282
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039336
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16882
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESIDENT SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/OtherRevenueAmt018282
IRS990ScheduleD/RevenueNotReportedAmt018282
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01821809
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FOR RENTED UNITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED SEPTEMBER 30, 2020. DUE TO ITS TAX EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2016 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENT FREE UNIT REFLECTED IN TOTAL REVENUES PER AUDIT 18,282.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RENT FREE UNIT REFLECTED IN TOTAL REVENUES & TOTAL EXPENSES PER AUDIT 18,282.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01686950
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0708410
IRS990ScheduleD/TotalExpensesPerForm990Amt01751200
IRS990ScheduleD/TotalLiabilityAmt046218
IRS990ScheduleD/TotalRevenuePerForm990Amt01821809
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01840091
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01769482

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.93$4.00$0.07$2.72$2.07$0.65
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.39$4.12$0.72$2.41$2.00$0.41
2023Detailed filing. Detailed filing data is available for this year.$2.67$4.08$1.41$1.96$1.83$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$4.13$1.54$1.95$1.71$0.24
2021Detailed filing. Detailed filing data is available for this year.$2.61$4.39$1.78$1.90$1.71$0.19
2020Detailed filing. Detailed filing data is available for this year.$2.52$4.49$1.97$1.82$1.75$0.07
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$4.63$2.04$1.80$1.82$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.70$4.72$2.02$1.76$1.76$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.86$4.89$2.03$1.78$1.76$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.11$5.17$2.05$1.77$1.82$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$5.28$2.00$1.67$1.82$0.15
2014Detailed filing. Detailed filing data is available for this year.$3.36$5.21$1.85$1.69$1.78$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$5.29$1.77$1.71$1.72$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.61$5.36$1.75$1.58
2011Summary only. Only limited summary data is available for this year.$3.75$5.55$1.80$1.62$1.59$0.03