Civic Intelligence

Walter S Brooks Elderly Homes at Ormont Court Inc %The Community Builders Inc

990 • Fiscal year 2023 • EIN 06-1627260

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 25, 2024

Organization ProfileN/A
CO Tcb Inc 185 Dartmouth StreetBoston, MA 02116

(857) 221-8600

Siviq Scores

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

Liabilities / Assets

58th percentile

0.11x

Higher debt load relative to assets than 58% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.63x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

31st percentile

-4.0%

Higher net margin than 31% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

33rd percentile

-0.9%

Faster asset growth than 33% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

73rd percentile

28%

Faster revenue growth than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$1,272,017

Down $11,291 (-0.9%) from 2022

Net Assets

Down

$1,131,684

Down $9,038 (-0.8%) from 2022

Liabilities

Down

$140,333

Down $2,253 (-1.6%) from 2022

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin31st percentile

Revenue

Up

$224,200

Up $49,018 (+28%) from 2022

Expenses

Down

$233,238

Down $977 (-0.4%) from 2022

Net Income

Up

-$9,038

Up $49,995 (+85%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,544,131Liabilities 2011: $124,770Net Assets 2011: $1,419,3612011Assets 2012: $1,518,942Liabilities 2012: $134,630Net Assets 2012: $1,384,3122012Assets 2013: $1,481,066Liabilities 2013: $116,854Net Assets 2013: $1,364,2122013Assets 2014: $1,454,481Liabilities 2014: $134,959Net Assets 2014: $1,319,5222014Assets 2015: $1,444,000Liabilities 2015: $132,682Net Assets 2015: $1,311,3182015Assets 2016: $1,424,886Liabilities 2016: $118,333Net Assets 2016: $1,306,5532016Assets 2017: $1,414,234Liabilities 2017: $126,329Net Assets 2017: $1,287,9052017Assets 2018: $1,393,722Liabilities 2018: $135,249Net Assets 2018: $1,258,4732018Assets 2019: $1,354,331Liabilities 2019: $126,805Net Assets 2019: $1,227,5262019Assets 2020: $1,344,515Liabilities 2020: $127,326Net Assets 2020: $1,217,1892020Assets 2021: $1,328,919Liabilities 2021: $129,164Net Assets 2021: $1,199,7552021Assets 2022: $1,283,308Liabilities 2022: $142,586Net Assets 2022: $1,140,7222022Assets 2023: $1,272,017Liabilities 2023: $140,333Net Assets 2023: $1,131,6842023Assets 2024: $1,264,062Liabilities 2024: $118,275Net Assets 2024: $1,145,7872024

Highlighted filing

2023

Assets$1,272,017
Liabilities$140,333
Net Assets$1,131,684
Open 2023 Filing

Operations Trend

Revenue Growth73rd percentile

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

$400K$300K$200K$100K$0-$100KExpenses 2011: $163,7102011Expenses 2012: $190,4602012Revenue 2013: $161,476Expenses 2013: $181,576Net Income 2013: -$20,1002013Revenue 2014: $150,586Expenses 2014: $195,276Net Income 2014: -$44,6902014Revenue 2015: $191,601Expenses 2015: $199,805Net Income 2015: -$8,2042015Revenue 2016: $194,289Expenses 2016: $199,054Net Income 2016: -$4,7652016Revenue 2017: $193,697Expenses 2017: $212,345Net Income 2017: -$18,6482017Revenue 2018: $194,493Expenses 2018: $223,925Net Income 2018: -$29,4322018Revenue 2019: $192,690Expenses 2019: $223,637Net Income 2019: -$30,9472019Revenue 2020: $197,573Expenses 2020: $207,910Net Income 2020: -$10,3372020Revenue 2021: $179,054Expenses 2021: $196,488Net Income 2021: -$17,4342021Revenue 2022: $175,182Expenses 2022: $234,215Net Income 2022: -$59,0332022Revenue 2023: $224,200Expenses 2023: $233,238Net Income 2023: -$9,0382023Revenue 2024: $304,922Expenses 2024: $290,819Net Income 2024: $14,1032024

Highlighted filing

2023

Revenue$224,200
Expenses$233,238
Net Income-$9,038
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 25, 2024
Return Version
2022v5.0
Gross Receipts
$224,200
Mission and Program Overview

Mission

Provide affordable housing for the elderly.

Provide affordable housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,019,961$972,423▼ $47,538
Cash and Non-Interest-Bearing Accounts$26,916$15,022▼ $11,894
Prepaid Expenses and Deferred Charges-$11,876-
Accounts Receivable$245$1,799▲ $1,554
Total Assets$1,283,308$1,272,017▼ $11,291
Other Assets Total$236,186$270,897▲ $34,711
Liabilities
Accounts Payable and Accrued Expenses$93,090$89,076▼ $4,014
Unsecured Notes Loans Payable$45,071$47,421▲ $2,350
Escrow Account Liability$3,761$3,761→ $0
Deferred Revenue$664$75▼ $589
Total Liabilities$142,586$140,333▼ $2,253
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,140,722$1,131,684▼ $9,038
Total Net Assets Fund Balance$1,140,722$1,131,684▼ $9,038
Total Liabilities and Net Assets / Fund Balance$1,283,308$1,272,017▼ $11,291

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$964,262$830,605$1,794,867
Equipment$2,161$8,036$10,197
Land$6,000-$6,000
Other Assets Org$245,975--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Bishop Theodore BrooksPresident, Executive Direc
Darrell BrooksVice President
Andrea Jackson BrooksDirector
D Morgan WilsonDirector
Irrita OsbornDirector
Milton AndersonDirector
Willie JonesDirector
Susan MccannSecretary (until 7/8/22)
Revenue and Support

Revenue Composition

Contributions and Grants
$167,645
Program Service Revenue
$55,435
Investment Income
$812
Other Revenue
$308
Change in Net Assets
$-9,038

Audited Revenue Reconciliation

Revenue per Audited Statements
$224,200
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$224,200
Total Revenue per Form 990
$224,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$233,238
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$123,911--$123,911
Depreciation Depletion$50,538--$50,538
Fees for Services Other$21,852--$21,852
Fees for Services Accounting-$12,220-$12,220
Fees for Services Management-$9,360-$9,360
Office Expenses$6,089--$6,089
Fees for Services Legal$534--$534
Conferences and Meetings$303--$303
Other Expenses$167--$167
Total Functional Expenses$211,658$21,580$0$233,238

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$233,238
Total Expenses per Audited Statements$233,238
Total Expenses per Form 990$233,238
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
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Three of the board members are family members. The organization is named after the late walter s. Brooks, a five-term connecticut state representative. Bishop theodore brooks is his brother, andrea jackson-brooks is his widow, and darrell brooks is his the son of bishop theodore brooks.”

Form 990, Part VI, Section A, Line 3

“The community builders, inc. (tcb) serves as the management agent for the project. The management fee is calculated $65 per unit per month. The management agreement is in effect until canceled by hud, the corporation or the management agent. During the year ended june 30, 2023, management fees of $9,360 were incurred.”

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

“An officer of the management company reviews the return prior to filing.”

Form 990, Part VI, Section C, Line 19

“The organization makes all of its governing documents, audited financial statements, and form 990s available upon request.”

Filing and Contact Details

Filer

Filer Name
Walter S Brooks Elderly Homes at Ormont
EIN
06-1627260
Phone
8572218600
Address
CO TCB INC 185 DARTMOUTH STREET, BOSTON, MA 02116

Signing Officer

Name
D Morgan Wilson
Title
Director
Phone
8572218600
Signed
2024-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bishop Theodore Brooks
Formed
2001
Legal Domicile
Ct
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Cohnreznick Llp
Address
350 GRANITE STREET SUITE 1200, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“The corporation has a policy to collect security deposits of up to one month's rent from tenants. The security deposits can be used to pay for damages caused by the tenant or used against unpaid receivables.”

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 june 30, 2023. 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. Management has analyzed the tax positions taken by the corporation and has concluded that, as of june 30, 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. 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 2019 remain open.”

Raw XML AppendixShowing 400 of 440 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT, EXECUTIVE DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY (UNTIL 7/8/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt055743
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0167645
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0123221
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0128711
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0143926
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0141838
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0705341
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0812
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt039
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0118
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0100
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0303
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01372
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt055435
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt050566
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt049796
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt052909
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt049975
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0258681
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0812
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0118
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0100
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0303
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01372
IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0308
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01356
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0429
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0638
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0574
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03305
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99520
IRS990ScheduleA/PublicSupportPY509Pct00.99610
IRS990ScheduleA/PublicSupportTotal509Amt0964022
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0223080
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0173787
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0178507
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0196835
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0191813
IRS990ScheduleA/Total509Grp/TotalAmt0964022
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0224200
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0175182
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0179054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0197573
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0192690
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0968699
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0964262
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0830605
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01794867
IRS990ScheduleD/EquipmentGrp/BookValueAmt02161
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08036
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010197
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0233238
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt06000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04288
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt120634
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2245975
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0224200
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS A POLICY TO COLLECT SECURITY DEPOSITS OF UP TO ONE MONTH'S RENT FROM TENANTS. THE SECURITY DEPOSITS CAN BE USED TO PAY FOR DAMAGES CAUSED BY THE TENANT OR USED AGAINST UNPAID RECEIVABLES.
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 JUNE 30, 2023. 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. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 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 2019 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0972423
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0270897
IRS990ScheduleD/TotalExpensesPerForm990Amt0233238
IRS990ScheduleD/TotalRevenuePerForm990Amt0224200
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0224200
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0233238
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THREE OF THE BOARD MEMBERS ARE FAMILY MEMBERS. THE ORGANIZATION IS NAMED AFTER THE LATE WALTER S. BROOKS, A FIVE-TERM CONNECTICUT STATE REPRESENTATIVE. BISHOP THEODORE BROOKS IS HIS BROTHER, ANDREA JACKSON-BROOKS IS HIS WIDOW, AND DARRELL BROOKS IS HIS THE SON OF BISHOP THEODORE BROOKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMMUNITY BUILDERS, INC. (TCB) SERVES AS THE MANAGEMENT AGENT FOR THE PROJECT. THE MANAGEMENT FEE IS CALCULATED $65 PER UNIT PER MONTH. THE MANAGEMENT AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR THE MANAGEMENT AGENT. DURING THE YEAR ENDED JUNE 30, 2023, MANAGEMENT FEES OF $9,360 WERE INCURRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN OFFICER OF THE MANAGEMENT COMPANY REVIEWS THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ALL OF ITS GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND FORM 990S AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01283308
IRS990/TotalAssetsEOYAmt01272017
IRS990/TotalAssetsGrp/BOYAmt01283308
IRS990/TotalAssetsGrp/EOYAmt01272017
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0167645
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021580
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0211658
IRS990/TotalFunctionalExpensesGrp/TotalAmt0233238
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0142586
IRS990/TotalLiabilitiesEOYAmt0140333
IRS990/TotalLiabilitiesGrp/BOYAmt0142586
IRS990/TotalLiabilitiesGrp/EOYAmt0140333
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01140722
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01131684
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0211658
IRS990/TotalProgramServiceRevenueAmt055435
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0812
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt055743
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0224200
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01283308
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01272017
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt045071
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt047421
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O TCB INC 185 DARTMOUTH STREET
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,272,017
Liabilities
$140,333
Net assets
$1,131,684
Revenue
$224,200
Expenses
$233,238
Net income
-$9,038
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.12$1.15$0.30$0.29$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.14$1.13$0.22$0.23$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.14$1.14$0.18$0.23$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.13$1.20$0.18$0.20$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.13$1.22$0.20$0.21$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.13$1.23$0.19$0.22$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.14$1.26$0.19$0.22$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.13$1.29$0.19$0.21$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.12$1.31$0.19$0.20$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.44$0.13$1.31$0.19$0.20$0.01
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.45$0.13$1.32$0.15$0.20$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.12$1.36$0.16$0.18$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.13$1.38$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.12$1.42$0.16