Civic Intelligence

George Link Jr Apartments Housing

EIN 11-2862292 • 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

86th percentile

0.61x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

1.51x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

60th percentile

7.2%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

-1.1%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,974,597

Up $265,329 (+7.2%) from 2023

Liabilities

Down

$2,430,786

Down $195,363 (-7.4%) from 2023

Net Assets

Up

$1,543,811

Up $460,692 (+43%) from 2023

Revenue

Down

$1,606,886

Down $17,634 (-1.1%) from 2023

Expenses

Down

$1,146,194

Down $99,707 (-8.0%) from 2023

Net Income

Up

$460,692

Up $82,073 (+22%) 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: $3,938,336Liabilities 2010: $4,299,503Net Assets 2010: -$361,1672010Assets 2011: $3,834,308Liabilities 2011: $4,256,044Net Assets 2011: -$421,7362011Assets 2012: $4,476,115Liabilities 2012: $4,160,410Net Assets 2012: $315,7052012Assets 2013: $4,215,244Liabilities 2013: $4,073,641Net Assets 2013: $141,6032013Assets 2014: $3,992,078Liabilities 2014: $3,994,872Net Assets 2014: -$2,7942014Assets 2015: $3,766,254Liabilities 2015: $3,875,997Net Assets 2015: -$109,7432015Assets 2016: $3,549,957Liabilities 2016: $3,777,985Net Assets 2016: -$228,0282016Assets 2017: $3,447,119Liabilities 2017: $3,634,815Net Assets 2017: -$187,6962017Assets 2018: $3,448,758Liabilities 2018: $3,512,327Net Assets 2018: -$63,5692018Assets 2019: $3,454,779Liabilities 2019: $3,351,436Net Assets 2019: $103,3432019Assets 2020: $3,493,426Liabilities 2020: $3,208,398Net Assets 2020: $285,0282020Assets 2021: $3,442,473Liabilities 2021: $3,018,050Net Assets 2021: $424,4232021Assets 2022: $3,525,358Liabilities 2022: $2,820,858Net Assets 2022: $704,5002022Assets 2023: $3,709,268Liabilities 2023: $2,626,149Net Assets 2023: $1,083,1192023Assets 2024: $3,974,597Liabilities 2024: $2,430,786Net Assets 2024: $1,543,8112024

Highlighted filing

2024

Assets$3,974,597
Liabilities$2,430,786
Net Assets$1,543,811

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,048,3862010Expenses 2011: $1,027,3142011Expenses 2012: $1,077,0412012Revenue 2013: $1,002,265Expenses 2013: $1,176,367Net Income 2013: -$174,1022013Revenue 2014: $1,001,169Expenses 2014: $1,145,566Net Income 2014: -$144,3972014Revenue 2015: $1,020,508Expenses 2015: $1,127,457Net Income 2015: -$106,9492015Revenue 2016: $1,023,446Expenses 2016: $1,141,731Net Income 2016: -$118,2852016Revenue 2017: $1,176,790Expenses 2017: $1,136,458Net Income 2017: $40,3322017Revenue 2018: $1,286,542Expenses 2018: $1,162,415Net Income 2018: $124,1272018Revenue 2019: $1,323,684Expenses 2019: $1,157,492Net Income 2019: $166,1922019Revenue 2020: $1,334,848Expenses 2020: $1,153,163Net Income 2020: $181,6852020Revenue 2021: $1,355,104Expenses 2021: $1,215,709Net Income 2021: $139,3952021Revenue 2022: $1,466,593Expenses 2022: $1,186,516Net Income 2022: $280,0772022Revenue 2023: $1,624,520Expenses 2023: $1,245,901Net Income 2023: $378,6192023Revenue 2024: $1,606,886Expenses 2024: $1,146,194Net Income 2024: $460,6922024

Highlighted filing

2024

Revenue$1,606,886
Expenses$1,146,194
Net Income$460,692

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.97$2.43$1.54$1.61$1.15$0.46
2023Detailed filing. Detailed filing data is available for this year.$3.71$2.63$1.08$1.62$1.25$0.38
2022Detailed filing. Detailed filing data is available for this year.$3.53$2.82$0.70$1.47$1.19$0.28
2021Detailed filing. Detailed filing data is available for this year.$3.44$3.02$0.42$1.36$1.22$0.14
2020Detailed filing. Detailed filing data is available for this year.$3.49$3.21$0.29$1.33$1.15$0.18
2019Detailed filing. Detailed filing data is available for this year.$3.45$3.35$0.10$1.32$1.16$0.17
2018Detailed filing. Detailed filing data is available for this year.$3.45$3.51$0.06$1.29$1.16$0.12
2017Detailed filing. Detailed filing data is available for this year.$3.45$3.63$0.19$1.18$1.14$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.55$3.78$0.23$1.02$1.14$0.12
2015Detailed filing. Detailed filing data is available for this year.$3.77$3.88$0.11$1.02$1.13$0.11
2014Detailed filing. Detailed filing data is available for this year.$3.99$3.99$0.00$1.00$1.15$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.22$4.07$0.14$1.00$1.18$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.48$4.16$0.32$1.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$4.26$0.42$1.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$4.30$0.36$1.05
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
$1,606,886
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$2,044,367$1,865,334▼ $179,033
Cash and Non-Interest-Bearing Accounts$23,827$32,792▲ $8,965
Accounts Receivable$34,761$10,671▼ $24,090
Prepaid Expenses and Deferred Charges$8,386$8,869▲ $483
Savings and Temporary Cash Investments$896$931▲ $35
Total Assets$3,709,268$3,974,597▲ $265,329
Other Assets Total$1,597,031$2,056,000▲ $458,969
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,522,138$2,300,572▼ $221,566
Accounts Payable and Accrued Expenses$66,378$76,528▲ $10,150
Other Liabilities$34,452$32,263▼ $2,189
Deferred Revenue$3,181$21,423▲ $18,242
Total Liabilities$2,626,149$2,430,786▼ $195,363
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,083,119$1,543,811▲ $460,692
Total Net Assets Fund Balance$1,083,119$1,543,811▲ $460,692
Total Liabilities and Net Assets / Fund Balance$3,709,268$3,974,597▲ $265,329

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,544,380$5,816,742$7,361,122
Other Land Buildings$98,455$477,540$575,995
Land$222,499-$222,499
Equipment$0$7,171$7,171
Other Assets Org$15,173--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,521,453
Investment Income
$83,394
Other Revenue
$2,039
Change in Net Assets
$460,692

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,606,886
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,606,886
Total Revenue per Form 990
$1,606,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$970,884
Salaries, Compensation, and Employee Benefits$175,310
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$225,104--$225,104
Interest$201,306--$201,306
Other Salaries and Wages$112,364$24,324-$136,688
Fees for Services Management-$88,847-$88,847
Occupancy$78,723--$78,723
Insurance$53,250--$53,250
All Other Expenses$36,284$6,899-$43,183
Other Employee Benefits$28,761--$28,761
Fees for Services Accounting-$19,480-$19,480
Other Expenses$14,630$20,279-$14,630
Payroll Taxes$9,861--$9,861
Fees for Services Legal-$7,325-$7,325
Office Expenses-$1,252-$1,252
Total Functional Expenses$977,788$168,406$0$1,146,194

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,146,194
Total Expenses per Audited Statements$1,146,194
Total Expenses per Form 990$1,146,194
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$29,627
Due to Hud$2,636
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
George Link Jr Apartments Housing
EIN
11-2862292
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 678 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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02522138
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02300572
IRS990/NetAssetsOrFundBalancesBOYAmt01083119
IRS990/NetAssetsOrFundBalancesEOYAmt01543811
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01083119
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01543811
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt078723
IRS990/OccupancyGrp/TotalAmt078723
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01252
IRS990/OfficeExpensesGrp/TotalAmt01252
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01597031
IRS990/OtherAssetsTotalGrp/EOYAmt02056000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028761
IRS990/OtherEmployeeBenefitsGrp/TotalAmt028761
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1GROUNDS CONTRACT
IRS990/OtherExpensesGrp/Desc2BOOKKEEPING
IRS990/OtherExpensesGrp/Desc3PAINTING & DECORATING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020279
IRS990/OtherExpensesGrp/ProgramServicesAmt0139376
IRS990/OtherExpensesGrp/ProgramServicesAmt178129
IRS990/OtherExpensesGrp/ProgramServicesAmt214630
IRS990/OtherExpensesGrp/TotalAmt0139376
IRS990/OtherExpensesGrp/TotalAmt178129
IRS990/OtherExpensesGrp/TotalAmt220279
IRS990/OtherExpensesGrp/TotalAmt314630
IRS990/OtherLiabilitiesGrp/BOYAmt034452
IRS990/OtherLiabilitiesGrp/EOYAmt032263
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY/VENDING
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01824
IRS990/OtherRevenueMiscGrp/ExclusionAmt1215
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01824
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1215
IRS990/OtherRevenueTotalAmt02039
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt024324
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0112364
IRS990/OtherSalariesAndWagesGrp/TotalAmt0136688
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt09861
IRS990/PayrollTaxesGrp/TotalAmt09861
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08386
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08869
IRS990/PrincipalOfficerNm0RICHARD BALCOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0SUBSIDY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01189438
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1332015
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01189438
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1332015
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt056370
IRS990/PYOtherExpensesAmt01067549
IRS990/PYOtherRevenueAmt01763
IRS990/PYProgramServiceRevenueAmt01566387
IRS990/PYRevenuesLessExpensesAmt0378619
IRS990/PYSalariesCompEmpBnftPaidAmt0178352
IRS990/PYTotalExpensesAmt01245901
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01624520
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0460692
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01521453
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0896
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0931
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt083394
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt056370
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05430
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0876
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06715
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0152785
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01521453
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01566387
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01458540
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01351917
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01326309
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07224606
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt083394
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt056370
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05430
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0876
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06715
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0152785
IRS990ScheduleA/InvestmentIncomeCYPct00.02070
IRS990ScheduleA/InvestmentIncomePYPct00.01200
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02039
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01763
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02623
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02311
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01824
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010560
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97790
IRS990ScheduleA/PublicSupportPY509Pct00.98660
IRS990ScheduleA/PublicSupportTotal509Amt07224606
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01521453
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01566387
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01458540
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01351917
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01326309
IRS990ScheduleA/Total509Grp/TotalAmt07224606
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01606886
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01624520
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01466593
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01355104
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01334848
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07387951
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01544380
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05816742
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07361122
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07171
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07171
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01146194
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0222499
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0222499
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01830784
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt129627
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt220715
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3159701
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt415173
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESERVE FOR REPLACEMENTS, ACCRUED INTEREST
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt098455
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0477540
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0575995
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029627
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12636
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO HUD
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01606886
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/TotalBookValueLandBuildingsAmt01865334
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02056000
IRS990ScheduleD/TotalExpensesPerForm990Amt01146194
IRS990ScheduleD/TotalLiabilityAmt032263
IRS990ScheduleD/TotalRevenuePerForm990Amt01606886
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01606886
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01146194
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

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