Civic Intelligence

Bishop Gerald J Ryan Housing

EIN 11-2842822 • 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

85th percentile

0.68x

Higher debt load relative to assets than 85% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.43x

Higher debt load relative to revenue than 92% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Source year 2024

Net Margin

84th percentile

32%

Higher net margin than 84% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

NTEE P • $1M-$5M nonprofits • Source year 2024

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

4.9%

Faster revenue growth than 47% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,491,920

Up $339,473 (+11%) from 2023

Liabilities

Down

$2,386,548

Down $198,365 (-7.7%) from 2023

Net Assets

Up

$1,105,372

Up $537,838 (+95%) from 2023

Revenue

Up

$1,668,655

Up $77,843 (+4.9%) from 2023

Expenses

Up

$1,130,817

Up $41,350 (+3.8%) from 2023

Net Income

Up

$537,838

Up $36,493 (+7.3%) 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: $4,026,293Liabilities 2010: $4,260,949Net Assets 2010: -$234,6562010Assets 2011: $3,880,180Liabilities 2011: $4,188,245Net Assets 2011: -$308,0652011Assets 2012: $3,761,633Liabilities 2012: $4,135,076Net Assets 2012: -$373,4432012Assets 2013: $3,511,431Liabilities 2013: $4,071,074Net Assets 2013: -$559,6432013Assets 2014: $3,342,509Liabilities 2014: $4,062,135Net Assets 2014: -$719,6262014Assets 2015: $3,220,601Liabilities 2015: $4,006,723Net Assets 2015: -$786,1222015Assets 2016: $3,048,433Liabilities 2016: $3,760,750Net Assets 2016: -$712,3172016Assets 2017: $2,973,196Liabilities 2017: $3,616,546Net Assets 2017: -$643,3502017Assets 2018: $2,941,808Liabilities 2018: $3,517,007Net Assets 2018: -$575,1992018Assets 2019: $2,812,559Liabilities 2019: $3,339,326Net Assets 2019: -$526,7672019Assets 2020: $2,810,868Liabilities 2020: $3,179,169Net Assets 2020: -$368,3012020Assets 2021: $2,780,065Liabilities 2021: $2,991,142Net Assets 2021: -$211,0772021Assets 2022: $2,850,109Liabilities 2022: $2,783,920Net Assets 2022: $66,1892022Assets 2023: $3,152,447Liabilities 2023: $2,584,913Net Assets 2023: $567,5342023Assets 2024: $3,491,920Liabilities 2024: $2,386,548Net Assets 2024: $1,105,3722024

Highlighted filing

2024

Assets$3,491,920
Liabilities$2,386,548
Net Assets$1,105,372

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,002,7622010Revenue 2011: $966,218Expenses 2011: $1,039,627Net Income 2011: -$73,4092011Expenses 2012: $1,038,4482012Revenue 2013: $1,032,347Expenses 2013: $1,218,547Net Income 2013: -$186,2002013Revenue 2014: $1,016,596Expenses 2014: $1,176,579Net Income 2014: -$159,9832014Revenue 2015: $1,027,473Expenses 2015: $1,093,969Net Income 2015: -$66,4962015Revenue 2016: $1,041,241Expenses 2016: $967,436Net Income 2016: $73,8052016Revenue 2017: $1,146,975Expenses 2017: $1,078,008Net Income 2017: $68,9672017Revenue 2018: $1,187,484Expenses 2018: $1,119,333Net Income 2018: $68,1512018Revenue 2019: $1,185,042Expenses 2019: $1,136,766Net Income 2019: $48,2762019Revenue 2020: $1,191,832Expenses 2020: $1,033,366Net Income 2020: $158,4662020Revenue 2021: $1,237,916Expenses 2021: $1,080,692Net Income 2021: $157,2242021Revenue 2022: $1,445,277Expenses 2022: $1,168,011Net Income 2022: $277,2662022Revenue 2023: $1,590,812Expenses 2023: $1,089,467Net Income 2023: $501,3452023Revenue 2024: $1,668,655Expenses 2024: $1,130,817Net Income 2024: $537,8382024

Highlighted filing

2024

Revenue$1,668,655
Expenses$1,130,817
Net Income$537,838

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.49$2.39$1.11$1.67$1.13$0.54
2023Detailed filing. Detailed filing data is available for this year.$3.15$2.58$0.57$1.59$1.09$0.50
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.85$2.78$0.07$1.45$1.17$0.28
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$2.99$0.21$1.24$1.08$0.16
2020Detailed filing. Detailed filing data is available for this year.$2.81$3.18$0.37$1.19$1.03$0.16
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.81$3.34$0.53$1.19$1.14$0.05
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.94$3.52$0.58$1.19$1.12$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.97$3.62$0.64$1.15$1.08$0.07
2016Detailed filing. Detailed filing data is available for this year.$3.05$3.76$0.71$1.04$0.97$0.07
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.22$4.01$0.79$1.03$1.09$0.07
2014Detailed filing. Detailed filing data is available for this year.$3.34$4.06$0.72$1.02$1.18$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$4.07$0.56$1.03$1.22$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.76$4.14$0.37$1.04
2011Summary only. Only limited summary data is available for this year.$3.88$4.19$0.31$0.97$1.04$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.03$4.26$0.23$1.00
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
$1,668,655
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$1,704,164$1,633,855▼ $70,309
Cash and Non-Interest-Bearing Accounts$94,341$56,030▼ $38,311
Accounts Receivable$4,139$15,336▲ $11,197
Prepaid Expenses and Deferred Charges$9,571$9,882▲ $311
Savings and Temporary Cash Investments$2,834$2,942▲ $108
Total Assets$3,152,447$3,491,920▲ $339,473
Other Assets Total$1,337,398$1,773,875▲ $436,477
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,447,060$2,222,786▼ $224,274
Other Liabilities$76,859$76,250▼ $609
Accounts Payable and Accrued Expenses$59,957$73,923▲ $13,966
Deferred Revenue$1,037$13,589▲ $12,552
Total Liabilities$2,584,913$2,386,548▼ $198,365
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$567,534$1,105,372▲ $537,838
Total Net Assets Fund Balance$567,534$1,105,372▲ $537,838
Total Liabilities and Net Assets / Fund Balance$3,152,447$3,491,920▲ $339,473

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,370,771$5,025,775$6,396,546
Other Land Buildings$198,596$605,162$803,758
Land$50,250-$50,250
Equipment$14,238$14,407$28,645
Other Assets Org$9,187--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,598,834
Investment Income
$68,021
Other Revenue
$1,800
Change in Net Assets
$537,838

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,668,655
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,668,655
Total Revenue per Form 990
$1,668,655
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$990,878
Salaries, Compensation, and Employee Benefits$139,939
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$228,747--$228,747
Interest$194,897--$194,897
Other Salaries and Wages$104,197$22,838-$127,035
Fees for Services Management-$88,656-$88,656
Insurance$77,837--$77,837
Occupancy$74,101--$74,101
All Other Expenses$36,749$6,961-$43,710
Fees for Services Accounting-$19,480-$19,480
Other Expenses$16,520$20,013-$16,520
Fees for Services Legal-$10,641-$10,641
Payroll Taxes$9,358--$9,358
Other Employee Benefits$3,546--$3,546
Office Expenses-$1,200-$1,200
Total Functional Expenses$961,028$169,789$0$1,130,817

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,130,817
Total Expenses per Audited Statements$1,130,817
Total Expenses per Form 990$1,130,817
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
Due to Hud$46,677
Tenant Security Deposits Payable$29,573
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 of directors 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
Bishop Gerald J Ryan Housing
EIN
11-2842822
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
1990
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 674 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/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING FOR ELIGIBLE LOW INCOME FAMILIES AND INDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02447060
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02222786
IRS990/NetAssetsOrFundBalancesBOYAmt0567534
IRS990/NetAssetsOrFundBalancesEOYAmt01105372
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0567534
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01105372
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt074101
IRS990/OccupancyGrp/TotalAmt074101
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01200
IRS990/OfficeExpensesGrp/TotalAmt01200
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01337398
IRS990/OtherAssetsTotalGrp/EOYAmt01773875
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03546
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03546
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1GROUNDS CONTRACT
IRS990/OtherExpensesGrp/Desc2BOOKKEEPING
IRS990/OtherExpensesGrp/Desc3PAINTING & DECORATING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020013
IRS990/OtherExpensesGrp/ProgramServicesAmt0144092
IRS990/OtherExpensesGrp/ProgramServicesAmt170984
IRS990/OtherExpensesGrp/ProgramServicesAmt216520
IRS990/OtherExpensesGrp/TotalAmt0144092
IRS990/OtherExpensesGrp/TotalAmt170984
IRS990/OtherExpensesGrp/TotalAmt220013
IRS990/OtherExpensesGrp/TotalAmt316520
IRS990/OtherLiabilitiesGrp/BOYAmt076859
IRS990/OtherLiabilitiesGrp/EOYAmt076250
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY/VENDING
IRS990/OtherRevenueMiscGrp/ExclusionAmt01800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01800
IRS990/OtherRevenueTotalAmt01800
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022838
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0104197
IRS990/OtherSalariesAndWagesGrp/TotalAmt0127035
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt09358
IRS990/PayrollTaxesGrp/TotalAmt09358
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09571
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09882
IRS990/PrincipalOfficerNm0RICHARD BALCOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0SUBSIDY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01259539
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1339295
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01259539
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1339295
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt041618
IRS990/PYOtherExpensesAmt0952353
IRS990/PYOtherRevenueAmt010356
IRS990/PYProgramServiceRevenueAmt01538838
IRS990/PYRevenuesLessExpensesAmt0501345
IRS990/PYSalariesCompEmpBnftPaidAmt0137114
IRS990/PYTotalExpensesAmt01089467
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01590812
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0537838
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01598834
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02834
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02942
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt068021
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt041618
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03326
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0776
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03095
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0116836
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01598834
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01538838
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01439904
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01234716
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01185344
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06997636
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt068021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt041618
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03326
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0776
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03095
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0116836
IRS990ScheduleA/InvestmentIncomeCYPct00.01640
IRS990ScheduleA/InvestmentIncomePYPct00.00820
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01800
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt010356
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02047
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02424
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03393
IRS990ScheduleA/OtherIncome509Grp/TotalAmt020020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98080
IRS990ScheduleA/PublicSupportPY509Pct00.98880
IRS990ScheduleA/PublicSupportTotal509Amt06997636
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01598834
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01538838
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01439904
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01234716
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01185344
IRS990ScheduleA/Total509Grp/TotalAmt06997636
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01668655
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01590812
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01445277
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01237916
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01191832
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07134492
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01370771
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05025775
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06396546
IRS990ScheduleD/EquipmentGrp/BookValueAmt014238
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014407
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028645
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01130817
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt050250
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050250
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt029573
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11510361
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt220506
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3204248
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt49187
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESERVE FOR REPLACEMENTS, ACCRUED INTEREST
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0198596
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0605162
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0803758
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029573
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt146677
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO HUD
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01668655
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/TotalBookValueLandBuildingsAmt01633855
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01773875
IRS990ScheduleD/TotalExpensesPerForm990Amt01130817
IRS990ScheduleD/TotalLiabilityAmt076250
IRS990ScheduleD/TotalRevenuePerForm990Amt01668655
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01668655
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01130817
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 OF DIRECTORS 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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100

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