Civic Intelligence

St Joseph'S Village for Senior Citizen Housing Development Fund Co Inc

EIN 11-2500567 • 501(c)3 • Hicksville, NY

Profile

To provide affordable housing for eligible low income families and individuals.

90 Cherry LaneHicksville, NY 11801-6232

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.05x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

90th percentile

52%

Higher net margin than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

78th percentile

16%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

15%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$19,675,693

Up $2,691,289 (+16%) from 2023

Liabilities

Up

$264,622

Up $6,327 (+2.4%) from 2023

Net Assets

Up

$19,411,071

Up $2,684,962 (+16%) from 2023

Revenue

Up

$5,155,127

Up $671,233 (+15%) from 2023

Expenses

Up

$2,470,165

Up $94,492 (+4.0%) from 2023

Net Income

Up

$2,684,962

Up $576,741 (+27%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $15,268,392Liabilities 2010: $3,667,164Net Assets 2010: $11,601,2282010Assets 2011: $13,236,823Liabilities 2011: $1,161,999Net Assets 2011: $12,074,8242011Assets 2012: $13,828,323Liabilities 2012: $1,103,973Net Assets 2012: $12,724,3502012Assets 2013: $13,451,090Liabilities 2013: $180,276Net Assets 2013: $13,270,8142013Assets 2014: $14,057,232Liabilities 2014: $289,243Net Assets 2014: $13,767,9892014Assets 2015: $14,615,305Liabilities 2015: $261,764Net Assets 2015: $14,353,5412015Assets 2016: $15,730,306Liabilities 2016: $349,403Net Assets 2016: $15,380,9032016Assets 2017: $16,824,402Liabilities 2017: $139,741Net Assets 2017: $16,684,6612017Assets 2018: $18,201,945Liabilities 2018: $193,674Net Assets 2018: $18,008,2712018Assets 2019: $19,751,421Liabilities 2019: $178,987Net Assets 2019: $19,572,4342019Assets 2020: $21,218,337Liabilities 2020: $2,114,350Net Assets 2020: $19,103,9872020Assets 2021: $12,899,976Liabilities 2021: $201,439Net Assets 2021: $12,698,5372021Assets 2022: $14,793,419Liabilities 2022: $175,531Net Assets 2022: $14,617,8882022Assets 2023: $16,984,404Liabilities 2023: $258,295Net Assets 2023: $16,726,1092023Assets 2024: $19,675,693Liabilities 2024: $264,622Net Assets 2024: $19,411,0712024

Highlighted filing

2024

Assets$19,675,693
Liabilities$264,622
Net Assets$19,411,071

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0M-$10MExpenses 2010: $7,090,9112010Revenue 2011: $3,406,803Expenses 2011: $2,933,207Net Income 2011: $473,5962011Expenses 2012: $1,863,8702012Revenue 2013: $2,491,997Expenses 2013: $1,945,533Net Income 2013: $546,4642013Revenue 2014: $2,616,808Expenses 2014: $2,119,633Net Income 2014: $497,1752014Revenue 2015: $2,593,405Expenses 2015: $2,007,853Net Income 2015: $585,5522015Revenue 2016: $3,062,023Expenses 2016: $2,034,661Net Income 2016: $1,027,3622016Revenue 2017: $3,263,467Expenses 2017: $1,959,709Net Income 2017: $1,303,7582017Revenue 2018: $3,448,750Expenses 2018: $2,125,140Net Income 2018: $1,323,6102018Revenue 2019: $3,628,194Expenses 2019: $2,066,881Net Income 2019: $1,561,3132019Revenue 2020: $3,469,848Expenses 2020: $3,938,295Net Income 2020: -$468,4472020Revenue 2021: $3,792,811Expenses 2021: $10,198,261Net Income 2021: -$6,405,4502021Revenue 2022: $4,006,852Expenses 2022: $2,087,501Net Income 2022: $1,919,3512022Revenue 2023: $4,483,894Expenses 2023: $2,375,673Net Income 2023: $2,108,2212023Revenue 2024: $5,155,127Expenses 2024: $2,470,165Net Income 2024: $2,684,9622024

Highlighted filing

2024

Revenue$5,155,127
Expenses$2,470,165
Net Income$2,684,962

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.7$0.26$19.4$5.16$2.47$2.68
2023Detailed filing. Detailed filing data is available for this year.$17.0$0.26$16.7$4.48$2.38$2.11
2022Detailed filing. Detailed filing data is available for this year.$14.8$0.18$14.6$4.01$2.09$1.92
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$0.20$12.7$3.79$10.2$6.41
2020Detailed filing. Detailed filing data is available for this year.$21.2$2.11$19.1$3.47$3.94$0.47
2019Detailed filing. Detailed filing data is available for this year.$19.8$0.18$19.6$3.63$2.07$1.56
2018Detailed filing. Detailed filing data is available for this year.$18.2$0.19$18.0$3.45$2.13$1.32
2017Detailed filing. Detailed filing data is available for this year.$16.8$0.14$16.7$3.26$1.96$1.30
2016Detailed filing. Detailed filing data is available for this year.$15.7$0.35$15.4$3.06$2.03$1.03
2015Detailed filing. Detailed filing data is available for this year.$14.6$0.26$14.4$2.59$2.01$0.59
2014Detailed filing. Detailed filing data is available for this year.$14.1$0.29$13.8$2.62$2.12$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$0.18$13.3$2.49$1.95$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$1.10$12.7$1.86
2011Summary only. Only limited summary data is available for this year.$13.2$1.16$12.1$3.41$2.93$0.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$3.67$11.6$7.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 4, 2025
Return Version
2023v6.0
Gross Receipts
$5,155,127
Mission and Program Overview

Mission

To provide affordable housing for eligible low income families and individuals.

The organization owns & operates a hud multifamily project for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,471,332$10,678,598▲ $2,207,266
Land, Buildings, and Equipment, Net$1,833,844$1,850,695▲ $16,851
Prepaid Expenses and Deferred Charges$75,615$91,809▲ $16,194
Accounts Receivable$38,346$78,093▲ $39,747
Cash and Non-Interest-Bearing Accounts$30,249$46,695▲ $16,446
Total Assets$16,984,404$19,675,693▲ $2,691,289
Other Assets Total$6,535,018$6,929,803▲ $394,785
Liabilities
Accounts Payable and Accrued Expenses$133,328$172,987▲ $39,659
Other Liabilities$81,830$81,561▼ $269
Deferred Revenue$43,137$10,074▼ $33,063
Total Liabilities$258,295$264,622▲ $6,327
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,726,109$19,411,071▲ $2,684,962
Total Net Assets Fund Balance$16,726,109$19,411,071▲ $2,684,962
Total Liabilities and Net Assets / Fund Balance$16,984,404$19,675,693▲ $2,691,289

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,128,889$9,648,344$10,777,233
Other Land Buildings$188,657$489,543$678,200
Land$499,953-$499,953
Equipment$33,196$69,368$102,564
Other Assets Org$88,357--
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Stanan ManagementProperty Management33 FRONT STREET, Hempstead, NY 11550$255,076
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,298,638
Investment Income
$832,995
Other Revenue
$23,494
Change in Net Assets
$2,684,962

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,155,127
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,155,127
Total Revenue per Form 990
$5,155,127
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,113,153
Salaries, Compensation, and Employee Benefits$357,012
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$230,929$75,627-$306,556
Depreciation Depletion$278,872--$278,872
Fees for Services Management-$255,076-$255,076
All Other Expenses$163,375$64,572-$227,947
Insurance$131,957--$131,957
Other Expenses$122,853--$122,853
Occupancy$116,948--$116,948
Other Employee Benefits$29,958--$29,958
Fees for Services Accounting-$23,225-$23,225
Payroll Taxes$20,498--$20,498
Fees for Services Legal-$13,474-$13,474
Office Expenses-$2,836-$2,836
Total Functional Expenses$2,035,355$434,810$0$2,470,165

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,470,165
Total Expenses per Audited Statements$2,470,165
Total Expenses per Form 990$2,470,165
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits Payable$81,561
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The project entered into a contract with an independent management company which handles the operation of the building, all building related services, all tenant needs and services, as well as all legal, financial and other matters. All salaries are paid through this independent management company which files all related payroll tax returns.

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

The organization distributes a draft copy of the irs form 990 to its board members to review; who then are provided an opportunity to make comments or inquiries. Appropriate responses are given to their satisfaction. The board approves the filing of the form at a meeting held prior to its due date.

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

Annual updates are requested in writing from the board members.

Form 990, Part VI, Section B, Line 15

No board members or officers receive any compensation.

Form 990, Part VI, Section C, Line 19

Governing documents,conflict of interest policy and financial statements are made available upon request on an as needed basis as determined by the board of directors.

FORM 990, PART VII, SECTION A, COLUMN B:

The board of directors perform governance and other services throughout the year for the housing entities listed in schedule r, part ii, for no compensation. The hours listed on page 7, part vii, section a, column b, are estimates of the average weekly combined hours worked on all of these entities.

Filing and Contact Details

Filer

Filer Name
ST JOSEPH'S VILLAGE FOR SENIOR CITIZEN
EIN
11-2500567
Phone
5167337032
Address
90 CHERRY LANE, HICKSVILLE, NY 11801-6232

Signing Officer

Name
Richard Balcom
Title
Treasurer
Phone
5167337032
Signed
2025-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Balcom
Formed
1980
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Prager Metis Cpas LLC
Address
800 WESTCHESTER AVENUE SUITE N-400, RYE BROOK, NY 10573
Preparer
Joseph J Rosoff
Phone
9146944600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has annual board meetings to review and approve the audited financial statements. The board also approves the selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The corporation is a nonprofit organization exempt from income taxes under section 501(c)(3) of the internal revenue code. The project's accounting policy is to provide liabilities for uncertain tax positions when a liability is probable and estimable. Management has evaluated its tax positions and has determined that there are no material uncertain tax positions that require adjustment to the financial statements. In addition, management is not aware of any violation of its tax status as an organization exempt from income taxes, nor any exposure to unrelated business income tax. The corporation's federal tax returns remain subject to examination by the relevant taxing authorities for a period of three years from when they are filed.

Raw XML AppendixShowing 400 of 681 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/ActivityOrMissionDesc0THE ORGANIZATION OWNS & OPERATES A HUD MULTIFAMILY PROJECT FOR THE ELDERLY.
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IRS990/LandBldgEquipCostOrOtherBssAmt012057950
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING FOR ELIGIBLE LOW INCOME FAMILIES AND INDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt016726109
IRS990/NetAssetsOrFundBalancesEOYAmt019411071
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt016726109
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt019411071
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0116948
IRS990/OccupancyGrp/TotalAmt0116948
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02836
IRS990/OfficeExpensesGrp/TotalAmt02836
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06535018
IRS990/OtherAssetsTotalGrp/EOYAmt06929803
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt029958
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029958
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2SECURITY CONTRACT
IRS990/OtherExpensesGrp/Desc3MISC. OPERATING EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0412352
IRS990/OtherExpensesGrp/ProgramServicesAmt1268620
IRS990/OtherExpensesGrp/ProgramServicesAmt2258993
IRS990/OtherExpensesGrp/ProgramServicesAmt3122853
IRS990/OtherExpensesGrp/TotalAmt0412352
IRS990/OtherExpensesGrp/TotalAmt1268620
IRS990/OtherExpensesGrp/TotalAmt2258993
IRS990/OtherExpensesGrp/TotalAmt3122853
IRS990/OtherLiabilitiesGrp/BOYAmt081830
IRS990/OtherLiabilitiesGrp/EOYAmt081561
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY/VENDING
IRS990/OtherRevenueMiscGrp/ExclusionAmt020794
IRS990/OtherRevenueMiscGrp/ExclusionAmt12700
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020794
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12700
IRS990/OtherRevenueTotalAmt023494
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt075627
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0230929
IRS990/OtherSalariesAndWagesGrp/TotalAmt0306556
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt020498
IRS990/PayrollTaxesGrp/TotalAmt020498
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt075615
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt091809
IRS990/PrincipalOfficerNm0RICHARD BALCOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0SUBSIDY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03356935
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1941703
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03356935
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1941703
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0557187
IRS990/PYOtherExpensesAmt02059085
IRS990/PYOtherRevenueAmt08024
IRS990/PYProgramServiceRevenueAmt03918683
IRS990/PYRevenuesLessExpensesAmt02108221
IRS990/PYSalariesCompEmpBnftPaidAmt0316588
IRS990/PYTotalExpensesAmt02375673
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04483894
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02684962
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04298638
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08471332
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010678598
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0832995
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0557187
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt051893
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06660
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0132134
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01580869
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04298638
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03918683
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03952259
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03776586
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03334116
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt019280282
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0832995
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0557187
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt051893
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06660
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0132134
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01580869
IRS990ScheduleA/InvestmentIncomeCYPct00.07560
IRS990ScheduleA/InvestmentIncomePYPct00.05650
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt023494
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt08024
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02700
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt09565
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03598
IRS990ScheduleA/OtherIncome509Grp/TotalAmt047381
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92210
IRS990ScheduleA/PublicSupportPY509Pct00.94200
IRS990ScheduleA/PublicSupportTotal509Amt019280282
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04298638
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03918683
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03952259
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03776586
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03334116
IRS990ScheduleA/Total509Grp/TotalAmt019280282
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05155127
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04483894
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04006852
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03792811
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03469848
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt020908532
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01128889
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09648344
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010777233
IRS990ScheduleD/EquipmentGrp/BookValueAmt033196
IRS990ScheduleD/EquipmentGrp/DepreciationAmt069368
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0102564
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02470165
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0499953
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0499953
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt081561
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1533526
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26084719
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3132668
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt48972
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt588357
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEVELOPMENT RESERVE DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ACCRUED INTEREST-OPERATING T-BILLS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESERVE FOR REPLACEMENTS ACCRUED INTEREST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5DEVELOPMENT RESERVE ACCRUED INTEREST
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0188657
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0489543
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0678200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt081561
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05155127
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS A NONPROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECT'S ACCOUNTING POLICY IS TO PROVIDE LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN A LIABILITY IS PROBABLE AND ESTIMABLE. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. IN ADDITION, MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES, NOR ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX. THE CORPORATION'S FEDERAL TAX RETURNS REMAIN SUBJECT TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM WHEN THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01850695
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06929803
IRS990ScheduleD/TotalExpensesPerForm990Amt02470165
IRS990ScheduleD/TotalLiabilityAmt081561
IRS990ScheduleD/TotalRevenuePerForm990Amt05155127
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05155127
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02470165
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT ENTERED INTO A CONTRACT WITH AN INDEPENDENT MANAGEMENT COMPANY WHICH HANDLES THE OPERATION OF THE BUILDING, ALL BUILDING RELATED SERVICES, ALL TENANT NEEDS AND SERVICES, AS WELL AS ALL LEGAL, FINANCIAL AND OTHER MATTERS. ALL SALARIES ARE PAID THROUGH THIS INDEPENDENT MANAGEMENT COMPANY WHICH FILES ALL RELATED PAYROLL TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DISTRIBUTES A DRAFT COPY OF THE IRS FORM 990 TO ITS BOARD MEMBERS TO REVIEW; WHO THEN ARE PROVIDED AN OPPORTUNITY TO MAKE COMMENTS OR INQUIRIES. APPROPRIATE RESPONSES ARE GIVEN TO THEIR SATISFACTION. THE BOARD APPROVES THE FILING OF THE FORM AT A MEETING HELD PRIOR TO ITS DUE DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL UPDATES ARE REQUESTED IN WRITING FROM THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO BOARD MEMBERS OR OFFICERS RECEIVE ANY COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST ON AN AS NEEDED BASIS AS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS PERFORM GOVERNANCE AND OTHER SERVICES THROUGHOUT THE YEAR FOR THE HOUSING ENTITIES LISTED IN SCHEDULE R, PART II, FOR NO COMPENSATION. THE HOURS LISTED ON PAGE 7, PART VII, SECTION A, COLUMN B, ARE ESTIMATES OF THE AVERAGE WEEKLY COMBINED HOURS WORKED ON ALL OF THESE ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS ANNUAL BOARD MEETINGS TO REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS. THE BOARD ALSO APPROVES THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, SECTION A, COLUMN B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30

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