Civic Intelligence

St. Agnes Senior Citizen Housing De Velopment Fund Company Inc.

990 • Fiscal year 2019 • EIN 11-2965433

Oct 01, 2018 to Sep 30, 2019 • Filed on Jan 22, 2020

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

53rd percentile

0.73x

Higher debt load relative to assets than 53% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

53rd percentile

2.08x

Higher debt load relative to revenue than 53% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Net Margin

88th percentile

26%

Higher net margin than 88% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Asset Growth

82nd percentile

5.4%

Faster asset growth than 82% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

29th percentile

-0.8%

Faster revenue growth than 29% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$3,668,406

Up $188,298 (+5.4%) from 2018

Net Assets

Up

$991,101

Up $334,115 (+51%) from 2018

Liabilities

Down

$2,677,305

Down $145,817 (-5.2%) from 2018

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin88th percentile

Revenue

Down

$1,288,110

Down $10,709 (-0.8%) from 2018

Expenses

Down

$954,988

Down $44,770 (-4.5%) from 2018

Net Income

Up

$333,122

Up $34,061 (+11%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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: $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

2019

Assets$3,668,406
Liabilities$2,677,305
Net Assets$991,101
Open 2019 Filing

Operations Trend

Revenue Growth29th percentile

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

2019

Revenue$1,288,110
Expenses$954,988
Net Income$333,122
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jan 22, 2020
Return Version
2018v3.1
Gross Receipts
$1,288,110
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$2,176,960$2,022,318▼ $154,642
Cash and Non-Interest-Bearing Accounts$17,736$37,731▲ $19,995
Prepaid Expenses and Deferred Charges$8,617$10,596▲ $1,979
Savings and Temporary Cash Investments$29,755$9,832▼ $19,923
Accounts Receivable$4,490$8,935▲ $4,445
Total Assets$3,480,108$3,668,406▲ $188,298
Other Assets Total$1,242,550$1,578,994▲ $336,444
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,618,771$2,495,151▼ $123,620
Accounts Payable and Accrued Expenses$171,972$153,500▼ $18,472
Other Liabilities$24,781$25,455▲ $674
Deferred Revenue$7,598$3,199▼ $4,399
Total Liabilities$2,823,122$2,677,305▼ $145,817
Net Assets / Fund Balance
Unrestricted Net Assets$656,986$991,101▲ $334,115
Total Net Assets Fund Balance$656,986$991,101▲ $334,115
Total Liabilities and Net Assets / Fund Balance$3,480,108$3,668,406▲ $188,298

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,935,402$3,293,260$5,228,662
Other Land Buildings$60,623$378,660$439,283
Land$25,000-$25,000
Equipment$1,293$6,165$7,458
Other Assets Org$80,484--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,258,931
Investment Income
$26,928
Other Revenue
$2,251
Change in Net Assets
$333,122

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,288,110
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$993
Total Revenue per Audited Statements
$1,289,103
Total Revenue per Form 990
$1,288,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$818,357
Salaries, Compensation, and Employee Benefits$136,631
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$236,130--$236,130
Depreciation Depletion$191,469--$191,469
Other Salaries and Wages$86,683$25,565-$112,248
Fees for Services Management-$70,100-$70,100
Occupancy$66,827--$66,827
Insurance$47,650--$47,650
All Other Expenses$26,546--$26,546
Other Employee Benefits$17,214--$17,214
Fees for Services Accounting-$16,800-$16,800
Other Expenses$15,393$16,955-$15,393
Payroll Taxes$7,169--$7,169
Fees for Services Legal-$7,104-$7,104
Office Expenses-$414-$414
Total Functional Expenses$818,050$136,938$0$954,988

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$954,988
Total Expenses per Audited Statements$954,988
Total Expenses per Form 990$954,988
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits Payable$25,455
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 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
2020-01-22
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
Vincent 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.”

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/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01800
IRS990/OtherRevenueMiscGrp/ExclusionAmt1451
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1451
IRS990/OtherRevenueTotalAmt02251
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt025565
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt086683
IRS990/OtherSalariesAndWagesGrp/TotalAmt0112248
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt07169
IRS990/PayrollTaxesGrp/TotalAmt07169
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08617
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010596
IRS990/PrincipalOfficerNm0RICHARD BALCOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0HOUSING ASSISTANCE PAY
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0984096
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1274835
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0984096
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1274835
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012463
IRS990/PYOtherExpensesAmt0862508
IRS990/PYOtherRevenueAmt02262
IRS990/PYProgramServiceRevenueAmt01284094
IRS990/PYRevenuesLessExpensesAmt0299061
IRS990/PYSalariesCompEmpBnftPaidAmt0137250
IRS990/PYTotalExpensesAmt0999758
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01298819
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0333122
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01258931
IRS990/SavingsAndTempCashInvstGrp/BOYAmt029755
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09832
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt026928
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012463
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04590
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02129
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01504
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt047614
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01258931
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01284094
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01045894
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01037850
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01021208
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05647977
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt026928
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012463
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04590
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02129
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01504
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt047614
IRS990ScheduleA/InvestmentIncomeCYPct00.00830
IRS990ScheduleA/InvestmentIncomePYPct00.00410
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02251
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02262
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02700
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01852
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02350
IRS990ScheduleA/OtherIncome509Grp/TotalAmt011415
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98970
IRS990ScheduleA/PublicSupportPY509Pct00.99380
IRS990ScheduleA/PublicSupportTotal509Amt05647977
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01258931
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01284094
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01045894
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01037850
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01021208
IRS990ScheduleA/Total509Grp/TotalAmt05647977
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01288110
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01298819
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01053184
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01041831
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01025062
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05707006
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01935402
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03293260
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05228662
IRS990ScheduleD/EquipmentGrp/BookValueAmt01293
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06165
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07458
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0954988
IRS990ScheduleD/LandGrp/BookValueAmt025000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0993
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt025455
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11363098
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2109957
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt380484
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt060623
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0378660
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0439283
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025455
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt0993
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01288110
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02022318
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01578994
IRS990ScheduleD/TotalExpensesPerForm990Amt0954988
IRS990ScheduleD/TotalLiabilityAmt025455
IRS990ScheduleD/TotalRevenuePerForm990Amt01288110
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01289103
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0954988
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,668,406
Liabilities
$2,677,305
Net assets
$991,101
Revenue
$1,288,110
Expenses
$954,988
Net income
$333,122
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