Civic Intelligence

Saint Johns Senior Citizen Housing Development Fund Company Inc.

990 • Fiscal year 2017 • EIN 11-2698458

Oct 01, 2016 to Sep 30, 2017 • Filed on Jan 10, 2018

Organization ProfileN/A
90 Cherry LaneHicksville, NY 11801-6232

(516) 733-7032

Siviq Scores

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

Liabilities / Assets

94th percentile

1.18x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

3.12x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

66th percentile

9.9%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

25th percentile

-3.3%

Faster asset growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

2.3%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$3,595,848

Down $122,306 (-3.3%) from 2016

Net Assets

Up

-$651,130

Up $135,179 (+17%) from 2016

Liabilities

Down

$4,246,978

Down $257,485 (-5.7%) from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin66th percentile

Revenue

Up

$1,361,833

Up $29,999 (+2.3%) from 2016

Expenses

Down

$1,226,654

Down $9,008 (-0.7%) from 2016

Net Income

Up

$135,179

Up $39,007 (+41%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$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

2017

Assets$3,595,848
Liabilities$4,246,978
Net Assets-$651,130
Open 2017 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$1,361,833
Expenses$1,226,654
Net Income$135,179
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 10, 2018
Return Version
2016v3.0
Gross Receipts
$1,361,833
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$2,146,504$2,122,496▼ $24,008
Cash and Non-Interest-Bearing Accounts$76,490$36,658▼ $39,832
Savings and Temporary Cash Investments$12,871$12,962▲ $91
Accounts Receivable$9,126$10,200▲ $1,074
Prepaid Expenses and Deferred Charges$6,928$6,928→ $0
Total Assets$3,718,154$3,595,848▼ $122,306
Other Assets Total$1,466,235$1,406,604▼ $59,631
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,574,909$3,346,832▼ $228,077
Accounts Payable and Accrued Expenses$897,496$870,965▼ $26,531
Other Liabilities$27,295$25,760▼ $1,535
Deferred Revenue$4,763$3,421▼ $1,342
Total Liabilities$4,504,463$4,246,978▼ $257,485
Net Assets / Fund Balance
Unrestricted Net Assets$-786,309$-651,130▲ $135,179
Total Net Assets Fund Balance$-786,309$-651,130▲ $135,179
Total Liabilities and Net Assets / Fund Balance$3,718,154$3,595,848▼ $122,306

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,735,431$4,858,775$6,594,206
Land$310,000-$310,000
Other Land Buildings$74,048$138,271$212,319
Equipment$3,017$38,490$41,507
Other Assets Org$895,012--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Laura a CassellPresident
Gary CreganTrustee
Maryann FitzgeraldTrustee
Robert BrennanTrustee
Robert J Ahlstrom JrTrustee
Steven PietrowskiTrustee
William G ChapinTrustee
Richard BalcomTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,309,612
Investment Income
$5,995
Other Revenue
$46,226
Change in Net Assets
$135,179

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,319,555
Revenue Not Reported on Financial Statements
$42,278
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$42,278
Total Revenue per Audited Statements
$1,319,555
Total Revenue per Form 990
$1,361,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,043,994
Salaries, Compensation, and Employee Benefits$182,660
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$319,412--$319,412
Depreciation Depletion$208,662--$208,662
Other Salaries and Wages$116,447$30,614-$147,061
Fees for Services Management-$73,936-$73,936
Occupancy$69,639--$69,639
All Other Expenses$47,605$21,209-$68,814
Insurance$42,750--$42,750
Other Employee Benefits$25,233--$25,233
Other Expenses$22,755--$22,755
Fees for Services Accounting-$16,325-$16,325
Payroll Taxes$10,366--$10,366
Fees for Services Legal-$9,846-$9,846
Office Expenses-$1,277-$1,277
Total Functional Expenses$1,073,447$153,207$0$1,226,654

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,226,654
Total Expenses per Form 990$1,226,654
Total Expenses per Audited Statements$1,184,376
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-42,278
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$25,760
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 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 interst 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
2018-01-10
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
D'ARCANGELO & CO LLP
Address
800 WESTCHESTER AVE SUITE N-400, RYE BROOK, NY 10573-1301
Preparer
Vincent P Pancaldo
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 XI, LINE 4B - OTHER ADJUSTMENTS:

“Gain due to recapture of residual receipts”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Gain due to recapture of residual receipts”

Raw XML AppendixShowing 400 of 685 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/OtherExpensesGrp/TotalAmt241379
IRS990/OtherExpensesGrp/TotalAmt322755
IRS990/OtherLiabilitiesGrp/BOYAmt027295
IRS990/OtherLiabilitiesGrp/EOYAmt025760
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0GAIN DUE TO RECAPTURE
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY/VENDING
IRS990/OtherRevenueMiscGrp/Desc2OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt042278
IRS990/OtherRevenueMiscGrp/ExclusionAmt12328
IRS990/OtherRevenueMiscGrp/ExclusionAmt21620
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt042278
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12328
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21620
IRS990/OtherRevenueTotalAmt046226
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt030614
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0116447
IRS990/OtherSalariesAndWagesGrp/TotalAmt0147061
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt010366
IRS990/PayrollTaxesGrp/TotalAmt010366
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06928
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06928
IRS990/PrincipalOfficerNm0RICHARD BALCOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0HOUSING ASSIST. PAYMEN
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0984860
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1324752
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0984860
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1324752
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01566
IRS990/PYOtherExpensesAmt01059203
IRS990/PYOtherRevenueAmt02635
IRS990/PYProgramServiceRevenueAmt01327633
IRS990/PYRevenuesLessExpensesAmt096172
IRS990/PYSalariesCompEmpBnftPaidAmt0176459
IRS990/PYTotalExpensesAmt01235662
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01331834
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0135179
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01309612
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012871
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012962
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05995
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01566
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0710
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0432
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0687
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09390
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01309612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01327633
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01307220
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01278837
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01285535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06508837
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05995
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01566
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0710
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0432
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0687
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09390
IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt046226
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02635
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02589
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03523
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04311
IRS990ScheduleA/OtherIncome509Grp/TotalAmt059284
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98960
IRS990ScheduleA/PublicSupportPY509Pct00.99670
IRS990ScheduleA/PublicSupportTotal509Amt06508837
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01309612
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01327633
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01307220
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01278837
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01285535
IRS990ScheduleA/Total509Grp/TotalAmt06508837
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01361833
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01331834
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01310519
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01282792
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01290533
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06577511
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01735431
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04858775
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06594206
IRS990ScheduleD/EquipmentGrp/BookValueAmt03017
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038490
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt041507
IRS990ScheduleD/ExpensesNotReportedAmt0-42278
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01226654
IRS990ScheduleD/LandGrp/BookValueAmt0310000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0310000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt025760
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1485777
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt255
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3895012
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt0-42278
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt074048
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0138271
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0212319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025760
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt042278
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt042278
IRS990ScheduleD/RevenueSubtotalAmt01319555
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAIN DUE TO RECAPTURE OF RESIDUAL RECEIPTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAIN DUE TO RECAPTURE OF RESIDUAL RECEIPTS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02122496
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01406604
IRS990ScheduleD/TotalExpensesPerForm990Amt01226654
IRS990ScheduleD/TotalLiabilityAmt025760
IRS990ScheduleD/TotalRevenuePerForm990Amt01361833
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01319555
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01184376
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 INTERST 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

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,595,848
Liabilities
$4,246,978
Net assets
-$651,130
Revenue
$1,361,833
Expenses
$1,226,654
Net income
$135,179
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