Civic Intelligence

St John'S Senior Citizen Housing

EIN 11-2698458 • 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

73rd percentile

0.38x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.90x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

85th percentile

40%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

67th percentile

10%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

7.2%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,880,212

Up $548,481 (+10%) from 2023

Liabilities

Down

$2,215,347

Down $436,201 (-16%) from 2023

Net Assets

Up

$3,664,865

Up $984,682 (+37%) from 2023

Revenue

Up

$2,449,574

Up $165,480 (+7.2%) from 2023

Expenses

Up

$1,464,892

Up $138,233 (+10%) from 2023

Net Income

Up

$984,682

Up $27,247 (+2.8%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $4,537,716Liabilities 2010: $5,189,412Net Assets 2010: -$651,6962010Assets 2011: $4,443,521Liabilities 2011: $5,131,211Net Assets 2011: -$687,6902011Assets 2012: $4,344,567Liabilities 2012: $5,016,635Net Assets 2012: -$672,0682012Assets 2013: $4,087,671Liabilities 2013: $4,900,439Net Assets 2013: -$812,7682013Assets 2014: $3,934,215Liabilities 2014: $4,805,126Net Assets 2014: -$870,9112014Assets 2015: $3,768,659Liabilities 2015: $4,651,140Net Assets 2015: -$882,4812015Assets 2016: $3,718,154Liabilities 2016: $4,504,463Net Assets 2016: -$786,3092016Assets 2017: $3,595,848Liabilities 2017: $4,246,978Net Assets 2017: -$651,1302017Assets 2018: $3,927,559Liabilities 2018: $4,051,660Net Assets 2018: -$124,1012018Assets 2019: $4,083,996Liabilities 2019: $3,811,774Net Assets 2019: $272,2222019Assets 2020: $4,244,387Liabilities 2020: $3,555,933Net Assets 2020: $688,4542020Assets 2021: $4,416,415Liabilities 2021: $3,271,077Net Assets 2021: $1,145,3382021Assets 2022: $4,651,221Liabilities 2022: $2,928,473Net Assets 2022: $1,722,7482022Assets 2023: $5,331,731Liabilities 2023: $2,651,548Net Assets 2023: $2,680,1832023Assets 2024: $5,880,212Liabilities 2024: $2,215,347Net Assets 2024: $3,664,8652024

Highlighted filing

2024

Assets$5,880,212
Liabilities$2,215,347
Net Assets$3,664,865

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,240,7812010Expenses 2011: $1,285,4442011Expenses 2012: $1,257,7832012Revenue 2013: $1,290,533Expenses 2013: $1,431,233Net Income 2013: -$140,7002013Revenue 2014: $1,282,792Expenses 2014: $1,340,935Net Income 2014: -$58,1432014Revenue 2015: $1,310,519Expenses 2015: $1,322,089Net Income 2015: -$11,5702015Revenue 2016: $1,331,834Expenses 2016: $1,235,662Net Income 2016: $96,1722016Revenue 2017: $1,361,833Expenses 2017: $1,226,654Net Income 2017: $135,1792017Revenue 2018: $1,766,926Expenses 2018: $1,239,897Net Income 2018: $527,0292018Revenue 2019: $1,706,999Expenses 2019: $1,311,871Net Income 2019: $395,1282019Revenue 2020: $1,706,893Expenses 2020: $1,290,661Net Income 2020: $416,2322020Revenue 2021: $1,740,821Expenses 2021: $1,283,937Net Income 2021: $456,8842021Revenue 2022: $1,885,794Expenses 2022: $1,308,384Net Income 2022: $577,4102022Revenue 2023: $2,284,094Expenses 2023: $1,326,659Net Income 2023: $957,4352023Revenue 2024: $2,449,574Expenses 2024: $1,464,892Net Income 2024: $984,6822024

Highlighted filing

2024

Revenue$2,449,574
Expenses$1,464,892
Net Income$984,682

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.88$2.22$3.66$2.45$1.46$0.98
2023Detailed filing. Detailed filing data is available for this year.$5.33$2.65$2.68$2.28$1.33$0.96
2022Detailed filing. Detailed filing data is available for this year.$4.65$2.93$1.72$1.89$1.31$0.58
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.42$3.27$1.15$1.74$1.28$0.46
2020Detailed filing. Detailed filing data is available for this year.$4.24$3.56$0.69$1.71$1.29$0.42
2019Detailed filing. Detailed filing data is available for this year.$4.08$3.81$0.27$1.71$1.31$0.40
2018Detailed filing. Detailed filing data is available for this year.$3.93$4.05$0.12$1.77$1.24$0.53
2017Detailed filing. Detailed filing data is available for this year.$3.60$4.25$0.65$1.36$1.23$0.14
2016Detailed filing. Detailed filing data is available for this year.$3.72$4.50$0.79$1.33$1.24$0.10
2015Detailed filing. Detailed filing data is available for this year.$3.77$4.65$0.88$1.31$1.32$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.93$4.81$0.87$1.28$1.34$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.09$4.90$0.81$1.29$1.43$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.34$5.02$0.67$1.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.44$5.13$0.69$1.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.54$5.19$0.65$1.24
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
$2,449,574
Mission and Program Overview

Mission

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

The organization owns & operates a section 202 hud multifamily project for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,447,122$2,323,224▲ $876,102
Cash and Non-Interest-Bearing Accounts$5,866$133,241▲ $127,375
Accounts Receivable$10,931$27,335▲ $16,404
Savings and Temporary Cash Investments$13,846$14,371▲ $525
Prepaid Expenses and Deferred Charges$4,586$7,397▲ $2,811
Total Assets$5,331,731$5,880,212▲ $548,481
Other Assets Total$3,849,380$3,374,644▼ $474,736
Liabilities
Accounts Payable and Accrued Expenses$1,188,921$1,186,682▼ $2,239
Mortgage Notes Payable Secured by Investment Property$1,434,082$999,364▼ $434,718
Other Liabilities$26,798$25,994▼ $804
Deferred Revenue$1,747$3,307▲ $1,560
Total Liabilities$2,651,548$2,215,347▼ $436,201
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,680,183$3,664,865▲ $984,682
Total Net Assets Fund Balance$2,680,183$3,664,865▲ $984,682
Total Liabilities and Net Assets / Fund Balance$5,331,731$5,880,212▲ $548,481

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,939,848$6,463,263$8,403,111
Other Land Buildings$61,946$306,939$368,885
Land$310,000-$310,000
Equipment$11,430$51,693$63,123
Other Assets Org$9,282--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,273,574
Investment Income
$167,694
Other Revenue
$8,306
Change in Net Assets
$984,682

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,449,574
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,449,574
Total Revenue per Form 990
$2,449,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,228,426
Salaries, Compensation, and Employee Benefits$236,466
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$326,442--$326,442
Other Salaries and Wages$144,668$36,679-$181,347
Fees for Services Management-$126,914-$126,914
Interest$111,178--$111,178
All Other Expenses$66,541$33,559-$100,100
Insurance$84,368--$84,368
Occupancy$82,286--$82,286
Other Employee Benefits$42,672--$42,672
Other Expenses$41,379--$41,379
Fees for Services Accounting-$20,010-$20,010
Payroll Taxes$12,447--$12,447
Fees for Services Legal-$8,729-$8,729
Office Expenses-$1,955-$1,955
Total Functional Expenses$1,237,046$227,846$0$1,464,892

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,464,892
Total Expenses per Audited Statements$1,464,892
Total Expenses per Form 990$1,464,892
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$25,994
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 JOHN'S SENIOR CITIZEN HOUSING
EIN
11-2698458
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
1984
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 676 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 SECTION 202 HUD MULTIFAMILY PROJECT FOR THE ELDERLY.
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IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING FOR ELIGIBLE LOW INCOME FAMILIES AND INDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01434082
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0999364
IRS990/NetAssetsOrFundBalancesBOYAmt02680183
IRS990/NetAssetsOrFundBalancesEOYAmt03664865
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02680183
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03664865
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt082286
IRS990/OccupancyGrp/TotalAmt082286
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01955
IRS990/OfficeExpensesGrp/TotalAmt01955
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03849380
IRS990/OtherAssetsTotalGrp/EOYAmt03374644
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt042672
IRS990/OtherEmployeeBenefitsGrp/TotalAmt042672
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SECURITY CONTRACT
IRS990/OtherExpensesGrp/Desc2PAINTING & DECORATING
IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0146792
IRS990/OtherExpensesGrp/ProgramServicesAmt1128428
IRS990/OtherExpensesGrp/ProgramServicesAmt249845
IRS990/OtherExpensesGrp/ProgramServicesAmt341379
IRS990/OtherExpensesGrp/TotalAmt0146792
IRS990/OtherExpensesGrp/TotalAmt1128428
IRS990/OtherExpensesGrp/TotalAmt249845
IRS990/OtherExpensesGrp/TotalAmt341379
IRS990/OtherLiabilitiesGrp/BOYAmt026798
IRS990/OtherLiabilitiesGrp/EOYAmt025994
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY/VENDING
IRS990/OtherRevenueMiscGrp/ExclusionAmt05978
IRS990/OtherRevenueMiscGrp/ExclusionAmt12328
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05978
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12328
IRS990/OtherRevenueTotalAmt08306
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036679
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0144668
IRS990/OtherSalariesAndWagesGrp/TotalAmt0181347
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt012447
IRS990/PayrollTaxesGrp/TotalAmt012447
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04586
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07397
IRS990/PrincipalOfficerNm0RICHARD BALCOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0HOUSING ASSIST. PAYMEN
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01893918
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1379656
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01893918
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1379656
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0135103
IRS990/PYOtherExpensesAmt01098916
IRS990/PYOtherRevenueAmt09773
IRS990/PYProgramServiceRevenueAmt02139218
IRS990/PYRevenuesLessExpensesAmt0957435
IRS990/PYSalariesCompEmpBnftPaidAmt0227743
IRS990/PYTotalExpensesAmt01326659
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02284094
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0984682
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02273574
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013846
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014371
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0167694
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0135103
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt012646
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0939
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt013201
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0329583
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02273574
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02139218
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01870509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01736518
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01690676
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09710495
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0167694
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0135103
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt012646
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0939
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt013201
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0329583
IRS990ScheduleA/InvestmentIncomeCYPct00.03270
IRS990ScheduleA/InvestmentIncomePYPct00.02090
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt08306
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt09773
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02639
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03364
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03016
IRS990ScheduleA/OtherIncome509Grp/TotalAmt027098
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96460
IRS990ScheduleA/PublicSupportPY509Pct00.97680
IRS990ScheduleA/PublicSupportTotal509Amt09710495
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02273574
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02139218
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01870509
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01736518
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01690676
IRS990ScheduleA/Total509Grp/TotalAmt09710495
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02449574
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02284094
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01885794
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01740821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01706893
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010067176
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01939848
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06463263
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08403111
IRS990ScheduleD/EquipmentGrp/BookValueAmt011430
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051693
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063123
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01464892
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0310000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0310000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt025994
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12062803
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt260
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31276505
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt49282
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESERVE FOR REPLACEMENTS-ACCRUED INTEREST
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt061946
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0306939
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0368885
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025994
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02449574
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/TotalBookValueLandBuildingsAmt02323224
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03374644
IRS990ScheduleD/TotalExpensesPerForm990Amt01464892
IRS990ScheduleD/TotalLiabilityAmt025994
IRS990ScheduleD/TotalRevenuePerForm990Amt02449574
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02449574
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01464892
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80

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