Civic Intelligence

Shore Area Community Development Corporation

990 • Fiscal year 2023 • EIN 06-1449234

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 07, 2024

Organization ProfileN/A
1240 Chapel StreetNew Haven, CT 06511

(203) 777-9622

Siviq Scores

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

Liabilities / Assets

97th percentile

1.20x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

8.90x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

10th percentile

-30%

Higher net margin than 10% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$352,817

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

21st percentile

-1.8%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$28,736,242

Down $534,408 (-1.8%) from 2022

Net Assets

Down

-$5,754,223

Down $1,160,065 (-25%) from 2022

Liabilities

Up

$34,490,465

Up $625,657 (+1.8%) from 2022

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin10th percentile

Revenue

Up

$3,875,201

Up $487,915 (+14%) from 2022

Expenses

Up

$5,037,600

Up $447,294 (+9.7%) from 2022

Net Income

Up

-$1,162,399

Up $40,621 (+3.4%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$40M$20M$0-$20MAssets 2011: $3,230,595Liabilities 2011: $1,270,769Net Assets 2011: $1,959,8262011Assets 2012: $3,562,060Liabilities 2012: $1,412,301Net Assets 2012: $2,149,7592012Assets 2013: $16,207,049Liabilities 2013: $16,564,288Net Assets 2013: -$357,2392013Assets 2014: $16,117,725Liabilities 2014: $16,890,501Net Assets 2014: -$772,7762014Assets 2015: $16,289,651Liabilities 2015: $17,216,135Net Assets 2015: -$926,4842015Assets 2016: $27,972,138Liabilities 2016: $28,670,918Net Assets 2016: -$698,7802016Assets 2017: $29,525,002Liabilities 2017: $29,031,109Net Assets 2017: $493,8932017Assets 2018: $28,933,127Liabilities 2018: $29,674,850Net Assets 2018: -$741,7232018Assets 2019: $28,319,458Liabilities 2019: $30,464,580Net Assets 2019: -$2,145,1222019Assets 2020: $29,098,989Liabilities 2020: $31,681,817Net Assets 2020: -$2,582,8282020Assets 2021: $31,609,662Liabilities 2021: $35,000,800Net Assets 2021: -$3,391,1382021Assets 2022: $29,270,650Liabilities 2022: $33,864,808Net Assets 2022: -$4,594,1582022Assets 2023: $28,736,242Liabilities 2023: $34,490,465Net Assets 2023: -$5,754,2232023Assets 2024: $27,844,626Liabilities 2024: $35,550,985Net Assets 2024: -$7,706,3592024

Highlighted filing

2023

Assets$28,736,242
Liabilities$34,490,465
Net Assets-$5,754,223
Open 2023 Filing

Operations Trend

Revenue Growth67th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $134,5282011Expenses 2012: $166,4912012Revenue 2013: $1,152,795Expenses 2013: $1,664,966Net Income 2013: -$512,1712013Revenue 2014: $1,226,727Expenses 2014: $1,642,264Net Income 2014: -$415,5372014Revenue 2015: $1,435,629Expenses 2015: $1,589,337Net Income 2015: -$153,7082015Revenue 2016: $4,651,495Expenses 2016: $3,960,058Net Income 2016: $691,4372016Revenue 2017: $5,021,999Expenses 2017: $3,907,516Net Income 2017: $1,114,4832017Revenue 2018: $2,827,747Expenses 2018: $4,063,363Net Income 2018: -$1,235,6162018Revenue 2019: $2,510,921Expenses 2019: $3,914,320Net Income 2019: -$1,403,3992019Revenue 2020: $3,641,809Expenses 2020: $4,079,515Net Income 2020: -$437,7062020Revenue 2021: $2,914,306Expenses 2021: $4,581,006Net Income 2021: -$1,666,7002021Revenue 2022: $3,387,286Expenses 2022: $4,590,306Net Income 2022: -$1,203,0202022Revenue 2023: $3,875,201Expenses 2023: $5,037,600Net Income 2023: -$1,162,3992023Revenue 2024: $4,020,949Expenses 2024: $5,973,091Net Income 2024: -$1,952,1422024

Highlighted filing

2023

Revenue$3,875,201
Expenses$5,037,600
Net Income-$1,162,399
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 7, 2024
Return Version
2023v5.1
Gross Receipts
$3,965,813
Mission and Program Overview

Mission

To provide and sponsor, for the benefit of the public, programs to develop affordable housing locations throughout southern connecticut

To develop affordable housing locations throughout southern connecticut

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,451,486$18,079,347▲ $627,861
Cash and Non-Interest-Bearing Accounts$486,992$806,114▲ $319,122
Prepaid Expenses and Deferred Charges$221,572$225,905▲ $4,333
Accounts Receivable-$43,418-
Total Assets$29,270,650$28,736,242▼ $534,408
Other Assets Total$11,110,600$9,581,458▼ $1,529,142
Liabilities
Mortgage Notes Payable Secured by Investment Property$32,496,906$32,854,199▲ $357,293
Accounts Payable and Accrued Expenses$1,110,532$1,338,116▲ $227,584
Other Liabilities$257,370$298,150▲ $40,780
Total Liabilities$33,864,808$34,490,465▲ $625,657
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,594,158$-5,754,223▼ $1,160,065
Total Net Assets Fund Balance$-4,594,158$-5,754,223▼ $1,160,065
Total Liabilities and Net Assets / Fund Balance$29,270,650$28,736,242▼ $534,408

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,413,382$12,455,525$29,868,907
Land$665,965-$665,965
Other Assets Org$2,217,757--
Compensation and Service Providers
Top Officer Pay69th percentile

Board Members and Trustees

NameTitle
Louis ProcacciniChair
David StevensonPresident/CEO (thru 12.31.23)
Barbara SzaboDirector
Christopher RosarioDirector
Jacob CeduskyDirector
Jason SchechtmanDirector
Laura WilkinsDirector
Melania M FalconDirector
Pam RalstonDirector
Paul HirschDirector
Steven ChinDirector
Timothy RomanoDirector
Tyrone McclainDirector
Will FarmerDirector
Sabine KuczoSecretary
Melissa KessellSr VP/CFO
Timothy BartlettSr VP/COO (CEO Effective 1.1.24)
Michael LeoneTreasurer
Carmen Colon-marreroVP OF BRIDGEPORT Y'S
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,417,655
Investment Income
$457,546
Other Revenue
$0
Change in Net Assets
$-1,162,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,037,600
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,477,690--$1,477,690
Fees for Services Management$1,088,418--$1,088,418
Interest$887,280--$887,280
Depreciation Depletion$759,381--$759,381
Insurance$755,278--$755,278
Fees for Services Legal$64,658--$64,658
Fees for Services Accounting$4,895--$4,895
Total Functional Expenses$5,037,600$0$0$5,037,600
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
Due to Related Entities$261,992
Equity Investment in West Village Apartments$36,158
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The board receives a draft prior to filing.”

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

“Each year at the annual meeting the policy is distributed and responses are tracked for compliance.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Shore Area Community Development
EIN
06-1449234
Phone
2037779622
Address
1240 CHAPEL STREET, NEW HAVEN, CT 06511

Signing Officer

Name
Melissa Kessell
Title
Sr VP/CFO
Phone
2037779622
Signed
2024-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Kessell
Formed
1994
Legal Domicile
Ct
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

Firm
Whittlesey Pc
Address
280 TRUMBULL STREET 24TH FLOOR, HARTFORD, CT 06103
Preparer
Nicholas Yanouzas
Phone
8605223111
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process did not change from prior year.”

Raw XML AppendixShowing 400 of 737 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/Desc0TO IMPROVE THE LIVES OF INDIVIDUALS AND FAMILIES BY ENSURING AFFORDABLE QUALITY HOUSING, BY IMPROVING THE SOCIAL AND ECONOMIC STABILITY OF NEIGHBORHOODS AND BY EXPANDING LOCALLY BASED COMMUNITY DEVELOPMENT EFFORTS. (APPROX 1,400 PEOPLE)
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/GrossReceiptsAmt03965813
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0755278
IRS990/InsuranceGrp/TotalAmt0755278
IRS990/InterestGrp/ProgramServicesAmt0887280
IRS990/InterestGrp/TotalAmt0887280
IRS990/InvestmentIncomeGrp/ExclusionAmt0228153
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0228153
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012455525
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017451486
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018079347
IRS990/LandBldgEquipCostOrOtherBssAmt030534872
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt090612
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AND SPONSOR, FOR THE BENEFIT OF THE PUBLIC, PROGRAMS TO DEVELOP AFFORDABLE HOUSING LOCATIONS THROUGHOUT SOUTHERN CONNECTICUT
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt032496906
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt032854199
IRS990/NetAssetsOrFundBalancesBOYAmt0-4594158
IRS990/NetAssetsOrFundBalancesEOYAmt0-5754223
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0229393
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0229393
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-4594158
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-5754223
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01477690
IRS990/OccupancyGrp/TotalAmt01477690
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011110600
IRS990/OtherAssetsTotalGrp/EOYAmt09581458
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt0257370
IRS990/OtherLiabilitiesGrp/EOYAmt0298150
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0221572
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0225905
IRS990/PrincipalOfficerNm0MELISSA KESSELL
IRS990/PriorPeriodAdjustmentsAmt02334
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624200
IRS990/ProgramServiceRevenueGrp/BusinessCd1624200
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1FACILITY USAGE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03413735
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03413735
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13920
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0204163
IRS990/PYOtherExpensesAmt04590306
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03183123
IRS990/PYRevenuesLessExpensesAmt0-1203020
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04590306
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03387286
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1162399
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03417655
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2019 AMOUNT: $ -13. 2020 AMOUNT: $ 103,281. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0166362
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01129744
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0114579
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01410685
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0228153
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt064950
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05727
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt027743
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt099546
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0426119
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03417655
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03183123
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02742217
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02381041
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02296809
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt014020845
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0228153
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt064950
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05727
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt027743
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt099546
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0426119
IRS990ScheduleA/InvestmentIncomeCYPct00.02670
IRS990ScheduleA/InvestmentIncomePYPct00.01810
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0103281
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0-13
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0103268
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96680
IRS990ScheduleA/PublicSupportPY509Pct00.98290
IRS990ScheduleA/PublicSupportTotal509Amt015431530
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03417655
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03183123
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02908579
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03510785
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02411388
IRS990ScheduleA/Total509Grp/TotalAmt015431530
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03645808
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03248073
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02914306
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03641809
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02510921
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015960917
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt017413382
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012455525
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt029868907
IRS990ScheduleD/LandGrp/BookValueAmt0665965
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0665965
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07363701
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12217757
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0AFFORDABLE HOUSING RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED ENTITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0261992
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt136158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ENTITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1EQUITY INVESTMENT IN WEST VILLAGE APARTMENTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018079347
IRS990ScheduleD/TotalBookValueOtherAssetsAmt09581458
IRS990ScheduleD/TotalLiabilityAmt0298150
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,736,242
Liabilities
$34,490,465
Net assets
-$5,754,223
Revenue
$3,875,201
Expenses
$5,037,600
Net income
-$1,162,399
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$35.6$7.71$4.02$5.97$1.95
2023Detailed filing. Detailed filing data is available for this year.$28.7$34.5$5.75$3.88$5.04$1.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.3$33.9$4.59$3.39$4.59$1.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.6$35.0$3.39$2.91$4.58$1.67
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$31.7$2.58$3.64$4.08$0.44
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.3$30.5$2.15$2.51$3.91$1.40
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.9$29.7$0.74$2.83$4.06$1.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.5$29.0$0.49$5.02$3.91$1.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.0$28.7$0.70$4.65$3.96$0.69
2015Detailed filing. Detailed filing data is available for this year.$16.3$17.2$0.93$1.44$1.59$0.15
2014Detailed filing. Detailed filing data is available for this year.$16.1$16.9$0.77$1.23$1.64$0.42
2013Detailed filing. Detailed filing data is available for this year.$16.2$16.6$0.36$1.15$1.66$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.56$1.41$2.15$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$1.27$1.96$0.13