Civic Intelligence

St Agnes Senior Citizen Housing

EIN 11-2965433 • 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

38th percentile

0.35x

Higher debt load relative to assets than 38% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

38th percentile

1.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Net Margin

86th percentile

43%

Higher net margin than 86% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

NTEE L • $5M-$10M nonprofits • Source year 2024

Asset Growth

87th percentile

13%

Faster asset growth than 87% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

8.0%

Faster revenue growth than 63% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,132,453

Up $600,998 (+13%) from 2023

Liabilities

Down

$1,788,379

Down $168,212 (-8.6%) from 2023

Net Assets

Up

$3,344,074

Up $769,210 (+30%) from 2023

Revenue

Up

$1,776,945

Up $130,953 (+8.0%) from 2023

Expenses

Up

$1,007,735

Up $49,881 (+5.2%) from 2023

Net Income

Up

$769,210

Up $81,072 (+12%) 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: $3,360,882Liabilities 2010: $3,427,202Net Assets 2010: -$66,3202010Assets 2011: $3,417,863Liabilities 2011: $3,335,745Net Assets 2011: $82,1182011Assets 2012: $3,522,601Liabilities 2012: $3,260,572Net Assets 2012: $262,0292012Assets 2013: $3,450,060Liabilities 2013: $3,210,821Net Assets 2013: $239,2392013Assets 2014: $3,383,911Liabilities 2014: $3,195,943Net Assets 2014: $187,9682014Assets 2015: $3,334,320Liabilities 2015: $3,113,207Net Assets 2015: $221,1132015Assets 2016: $3,333,308Liabilities 2016: $3,010,644Net Assets 2016: $322,6642016Assets 2017: $3,251,512Liabilities 2017: $2,893,587Net Assets 2017: $357,9252017Assets 2018: $3,480,108Liabilities 2018: $2,823,122Net Assets 2018: $656,9862018Assets 2019: $3,668,406Liabilities 2019: $2,677,305Net Assets 2019: $991,1012019Assets 2020: $3,783,899Liabilities 2020: $2,489,882Net Assets 2020: $1,294,0172020Assets 2021: $3,909,589Liabilities 2021: $2,313,491Net Assets 2021: $1,596,0982021Assets 2022: $4,058,106Liabilities 2022: $2,171,380Net Assets 2022: $1,886,7262022Assets 2023: $4,531,455Liabilities 2023: $1,956,591Net Assets 2023: $2,574,8642023Assets 2024: $5,132,453Liabilities 2024: $1,788,379Net Assets 2024: $3,344,0742024

Highlighted filing

2024

Assets$5,132,453
Liabilities$1,788,379
Net Assets$3,344,074

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $989,4582010Expenses 2011: $1,015,1412011Expenses 2012: $984,7562012Revenue 2013: $1,021,631Expenses 2013: $1,044,421Net Income 2013: -$22,7902013Revenue 2014: $1,017,006Expenses 2014: $1,068,277Net Income 2014: -$51,2712014Revenue 2015: $1,025,062Expenses 2015: $991,917Net Income 2015: $33,1452015Revenue 2016: $1,041,831Expenses 2016: $940,280Net Income 2016: $101,5512016Revenue 2017: $1,053,184Expenses 2017: $1,017,923Net Income 2017: $35,2612017Revenue 2018: $1,298,819Expenses 2018: $999,758Net Income 2018: $299,0612018Revenue 2019: $1,288,110Expenses 2019: $954,988Net Income 2019: $333,1222019Revenue 2020: $1,278,614Expenses 2020: $975,698Net Income 2020: $302,9162020Revenue 2021: $1,307,959Expenses 2021: $1,005,878Net Income 2021: $302,0812021Revenue 2022: $1,352,387Expenses 2022: $1,061,759Net Income 2022: $290,6282022Revenue 2023: $1,645,992Expenses 2023: $957,854Net Income 2023: $688,1382023Revenue 2024: $1,776,945Expenses 2024: $1,007,735Net Income 2024: $769,2102024

Highlighted filing

2024

Revenue$1,776,945
Expenses$1,007,735
Net Income$769,210

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.13$1.79$3.34$1.78$1.01$0.77
2023Detailed filing. Detailed filing data is available for this year.$4.53$1.96$2.57$1.65$0.96$0.69
2022Detailed filing. Detailed filing data is available for this year.$4.06$2.17$1.89$1.35$1.06$0.29
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.91$2.31$1.60$1.31$1.01$0.30
2020Detailed filing. Detailed filing data is available for this year.$3.78$2.49$1.29$1.28$0.98$0.30
2019Detailed filing. Detailed filing data is available for this year.$3.67$2.68$0.99$1.29$0.95$0.33
2018Detailed filing. Detailed filing data is available for this year.$3.48$2.82$0.66$1.30$1.00$0.30
2017Detailed filing. Detailed filing data is available for this year.$3.25$2.89$0.36$1.05$1.02$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.33$3.01$0.32$1.04$0.94$0.10
2015Detailed filing. Detailed filing data is available for this year.$3.33$3.11$0.22$1.03$0.99$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.38$3.20$0.19$1.02$1.07$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.45$3.21$0.24$1.02$1.04$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$3.26$0.26$0.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.42$3.34$0.08$1.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$3.43$0.07$0.99
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 3, 2025
Return Version
2023v6.0
Gross Receipts
$1,776,945
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 housing project for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,524,025$1,525,023▲ $998
Cash and Non-Interest-Bearing Accounts$100,988$85,531▼ $15,457
Accounts Receivable$46,027$72,362▲ $26,335
Savings and Temporary Cash Investments$10,249$10,642▲ $393
Prepaid Expenses and Deferred Charges$8,082$9,385▲ $1,303
Total Assets$4,531,455$5,132,453▲ $600,998
Other Assets Total$2,842,084$3,429,510▲ $587,426
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,869,264$1,673,299▼ $195,965
Accounts Payable and Accrued Expenses$50,425$77,404▲ $26,979
Other Liabilities$28,076$27,415▼ $661
Deferred Revenue$8,826$10,261▲ $1,435
Total Liabilities$1,956,591$1,788,379▼ $168,212
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,574,864$3,344,074▲ $769,210
Total Net Assets Fund Balance$2,574,864$3,344,074▲ $769,210
Total Liabilities and Net Assets / Fund Balance$4,531,455$5,132,453▲ $600,998

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,364,369$4,036,938$5,401,307
Other Land Buildings$85,587$518,021$603,608
Equipment$50,067$15,603$65,670
Land$25,000-$25,000
Other Assets Org$28,208--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,621,656
Investment Income
$152,478
Other Revenue
$2,811
Change in Net Assets
$769,210

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,776,945
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,776,945
Total Revenue per Form 990
$1,776,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$871,297
Salaries, Compensation, and Employee Benefits$136,438
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$182,921--$182,921
Interest$163,226--$163,226
Other Salaries and Wages$92,051$27,898-$119,949
Fees for Services Management-$89,406-$89,406
Insurance$80,454--$80,454
Occupancy$77,701--$77,701
All Other Expenses$19,285$6,367-$25,652
Fees for Services Accounting-$19,480-$19,480
Other Expenses$15,393$20,013-$15,393
Fees for Services Legal-$8,589-$8,589
Payroll Taxes$8,249--$8,249
Other Employee Benefits$8,240--$8,240
Office Expenses-$1,474-$1,474
Total Functional Expenses$834,508$173,227$0$1,007,735

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,007,735
Total Expenses per Audited Statements$1,007,735
Total Expenses per Form 990$1,007,735
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$27,415
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 Agnes Senior Citizen Housing
EIN
11-2965433
Phone
5167337032
Address
90 CHERRY LANE, HICKSVILLE, NY 11801-6232

Signing Officer

Name
Richard Balcom
Title
Treasurer
Phone
5167337032
Signed
2025-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Balcom
Formed
1989
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/MortgNotesPyblScrdInvstPropGrp/EOYAmt01673299
IRS990/NetAssetsOrFundBalancesBOYAmt02574864
IRS990/NetAssetsOrFundBalancesEOYAmt03344074
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02574864
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03344074
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt077701
IRS990/OccupancyGrp/TotalAmt077701
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01474
IRS990/OfficeExpensesGrp/TotalAmt01474
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02842084
IRS990/OtherAssetsTotalGrp/EOYAmt03429510
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08240
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08240
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1GROUNDS CONTRACT
IRS990/OtherExpensesGrp/Desc2BOOKKEEPING
IRS990/OtherExpensesGrp/Desc3SUPERINTENDENT RENT FRE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020013
IRS990/OtherExpensesGrp/ProgramServicesAmt0124048
IRS990/OtherExpensesGrp/ProgramServicesAmt162940
IRS990/OtherExpensesGrp/ProgramServicesAmt215393
IRS990/OtherExpensesGrp/TotalAmt0124048
IRS990/OtherExpensesGrp/TotalAmt162940
IRS990/OtherExpensesGrp/TotalAmt220013
IRS990/OtherExpensesGrp/TotalAmt315393
IRS990/OtherLiabilitiesGrp/BOYAmt028076
IRS990/OtherLiabilitiesGrp/EOYAmt027415
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY/VENDING
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01800
IRS990/OtherRevenueMiscGrp/ExclusionAmt11011
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11011
IRS990/OtherRevenueTotalAmt02811
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027898
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt092051
IRS990/OtherSalariesAndWagesGrp/TotalAmt0119949
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt08249
IRS990/PayrollTaxesGrp/TotalAmt08249
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08082
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09385
IRS990/PrincipalOfficerNm0RICHARD BALCOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0HOUSING ASSISTANCE PAY
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01291417
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1330239
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01291417
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1330239
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0100731
IRS990/PYOtherExpensesAmt0827472
IRS990/PYOtherRevenueAmt03104
IRS990/PYProgramServiceRevenueAmt01542157
IRS990/PYRevenuesLessExpensesAmt0688138
IRS990/PYSalariesCompEmpBnftPaidAmt0130382
IRS990/PYTotalExpensesAmt0957854
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01645992
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0769210
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01621656
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010249
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010642
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0152478
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0100731
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt011017
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01354
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt012212
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0277792
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01621656
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01542157
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01338039
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01299130
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01264547
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07065529
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0152478
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0100731
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt011017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01354
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt012212
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0277792
IRS990ScheduleA/InvestmentIncomeCYPct00.03770
IRS990ScheduleA/InvestmentIncomePYPct00.02220
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02811
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03104
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03331
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt07475
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01855
IRS990ScheduleA/OtherIncome509Grp/TotalAmt018576
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95970
IRS990ScheduleA/PublicSupportPY509Pct00.97520
IRS990ScheduleA/PublicSupportTotal509Amt07065529
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01621656
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01542157
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01338039
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01299130
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01264547
IRS990ScheduleA/Total509Grp/TotalAmt07065529
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01776945
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01645992
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01352387
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01307959
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01278614
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07361897
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01364369
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04036938
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05401307
IRS990ScheduleD/EquipmentGrp/BookValueAmt050067
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015603
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt065670
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01007735
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt025000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt027415
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13223180
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt223287
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3127420
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt428208
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/BookValueAmt085587
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0518021
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0603608
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027415
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01776945
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/TotalBookValueLandBuildingsAmt01525023
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03429510
IRS990ScheduleD/TotalExpensesPerForm990Amt01007735
IRS990ScheduleD/TotalLiabilityAmt027415
IRS990ScheduleD/TotalRevenuePerForm990Amt01776945
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01776945
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01007735
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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