Civic Intelligence

Monsignor Henry J Reel Housing Development Fund Co Inc

EIN 11-3060811 • 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

24th percentile

0.05x

Higher debt load relative to assets than 24% of similar nonprofits.

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

Liabilities / Revenue

21st percentile

0.12x

Higher debt load relative to revenue than 21% of similar nonprofits.

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

Net Margin

54th percentile

-0.6%

Higher net margin than 54% of similar nonprofits.

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

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

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

Asset Growth

65th percentile

1.2%

Faster asset growth than 65% of similar nonprofits.

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

Revenue Growth

64th percentile

7.3%

Faster revenue growth than 64% of similar nonprofits.

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

Assets

Up

$2,436,739

Up $29,283 (+1.2%) from 2023

Liabilities

Up

$114,028

Up $34,476 (+43%) from 2023

Net Assets

Down

$2,322,711

Down $5,193 (-0.2%) from 2023

Revenue

Up

$914,383

Up $62,412 (+7.3%) from 2023

Expenses

Up

$919,576

Up $61,444 (+7.2%) from 2023

Net Income

Up

-$5,193

Up $968 (+16%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,487,466Liabilities 2010: $56,166Net Assets 2010: $3,431,3002010Assets 2011: $3,376,865Liabilities 2011: $67,456Net Assets 2011: $3,309,4092011Assets 2012: $3,275,569Liabilities 2012: $71,319Net Assets 2012: $3,204,2502012Assets 2013: $3,185,437Liabilities 2013: $84,888Net Assets 2013: $3,100,5492013Assets 2014: $3,033,025Liabilities 2014: $87,545Net Assets 2014: $2,945,4802014Assets 2015: $2,914,557Liabilities 2015: $108,677Net Assets 2015: $2,805,8802015Assets 2016: $2,821,672Liabilities 2016: $124,239Net Assets 2016: $2,697,4332016Assets 2017: $2,727,577Liabilities 2017: $94,713Net Assets 2017: $2,632,8642017Assets 2018: $2,649,193Liabilities 2018: $100,359Net Assets 2018: $2,548,8342018Assets 2019: $2,571,127Liabilities 2019: $78,123Net Assets 2019: $2,493,0042019Assets 2020: $2,622,935Liabilities 2020: $143,222Net Assets 2020: $2,479,7132020Assets 2021: $2,484,778Liabilities 2021: $96,196Net Assets 2021: $2,388,5822021Assets 2022: $2,453,450Liabilities 2022: $119,385Net Assets 2022: $2,334,0652022Assets 2023: $2,407,456Liabilities 2023: $79,552Net Assets 2023: $2,327,9042023Assets 2024: $2,436,739Liabilities 2024: $114,028Net Assets 2024: $2,322,7112024

Highlighted filing

2024

Assets$2,436,739
Liabilities$114,028
Net Assets$2,322,711

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $581,5092010Expenses 2011: $587,7552011Revenue 2012: $507,230Expenses 2012: $612,389Net Income 2012: -$105,1592012Revenue 2013: $511,349Expenses 2013: $615,050Net Income 2013: -$103,7012013Revenue 2014: $505,222Expenses 2014: $660,291Net Income 2014: -$155,0692014Revenue 2015: $549,283Expenses 2015: $688,883Net Income 2015: -$139,6002015Revenue 2016: $559,217Expenses 2016: $667,664Net Income 2016: -$108,4472016Revenue 2017: $577,306Expenses 2017: $641,875Net Income 2017: -$64,5692017Revenue 2018: $638,098Expenses 2018: $722,128Net Income 2018: -$84,0302018Revenue 2019: $666,469Expenses 2019: $722,299Net Income 2019: -$55,8302019Revenue 2020: $676,015Expenses 2020: $689,306Net Income 2020: -$13,2912020Revenue 2021: $716,784Expenses 2021: $807,915Net Income 2021: -$91,1312021Revenue 2022: $767,544Expenses 2022: $822,061Net Income 2022: -$54,5172022Revenue 2023: $851,971Expenses 2023: $858,132Net Income 2023: -$6,1612023Revenue 2024: $914,383Expenses 2024: $919,576Net Income 2024: -$5,1932024

Highlighted filing

2024

Revenue$914,383
Expenses$919,576
Net Income-$5,193

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.44$0.11$2.32$0.91$0.92$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.41$0.08$2.33$0.85$0.86$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.45$0.12$2.33$0.77$0.82$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.48$0.10$2.39$0.72$0.81$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.62$0.14$2.48$0.68$0.69$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.57$0.08$2.49$0.67$0.72$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.65$0.10$2.55$0.64$0.72$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.73$0.09$2.63$0.58$0.64$0.06
2016Detailed filing. Detailed filing data is available for this year.$2.82$0.12$2.70$0.56$0.67$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.91$0.11$2.81$0.55$0.69$0.14
2014Detailed filing. Detailed filing data is available for this year.$3.03$0.09$2.95$0.51$0.66$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$0.08$3.10$0.51$0.62$0.10
2012Summary only. Only limited summary data is available for this year.$3.28$0.07$3.20$0.51$0.61$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.07$3.31$0.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.49$0.06$3.43$0.58
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 5, 2025
Return Version
2023v6.0
Gross Receipts
$914,383
Mission and Program Overview

Mission

To provide affordable housing for eligible low income families and individuals.

The organization owns and operates a hud section 202 multifamily project for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,755,631$1,783,091▲ $27,460
Cash and Non-Interest-Bearing Accounts$87,168$109,559▲ $22,391
Prepaid Expenses and Deferred Charges$12,565$14,328▲ $1,763
Accounts Receivable$26,491$11,383▼ $15,108
Savings and Temporary Cash Investments$153$159▲ $6
Total Assets$2,407,456$2,436,739▲ $29,283
Other Assets Total$525,448$518,219▼ $7,229
Liabilities
Accounts Payable and Accrued Expenses$44,206$76,803▲ $32,597
Other Liabilities$33,468$32,781▼ $687
Deferred Revenue$1,878$4,444▲ $2,566
Total Liabilities$79,552$114,028▲ $34,476
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,327,904$2,322,711▼ $5,193
Total Net Assets Fund Balance$2,327,904$2,322,711▼ $5,193
Total Liabilities and Net Assets / Fund Balance$2,407,456$2,436,739▲ $29,283

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,647,329$3,874,674$5,522,003
Other Land Buildings$80,140$317,635$397,775
Land$45,121-$45,121
Equipment$10,501$13,881$24,382
Other Assets Org$1,137--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$896,034
Investment Income
$16,501
Other Revenue
$1,848
Change in Net Assets
$-5,193

Audited Revenue Reconciliation

Revenue per Audited Statements
$914,383
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$914,383
Total Revenue per Form 990
$914,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$751,627
Salaries, Compensation, and Employee Benefits$167,949
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$197,576--$197,576
Fees for Services Management-$130,885-$130,885
Other Salaries and Wages$98,632$31,346-$129,978
Occupancy$77,006--$77,006
Insurance$74,710--$74,710
All Other Expenses$34,153$9,139-$43,292
Other Employee Benefits$29,029--$29,029
Other Expenses$24,378$20,546-$20,546
Fees for Services Accounting-$19,480-$19,480
Payroll Taxes$8,942--$8,942
Fees for Services Legal-$8,297-$8,297
Office Expenses-$1,587-$1,587
Total Functional Expenses$698,296$221,280$0$919,576

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$919,576
Total Expenses per Audited Statements$919,576
Total Expenses per Form 990$919,576
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$32,781
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
Saint Jeanne Jugan Village I
EIN
11-3060811
Phone
5167337032
Address
90 CHERRY LANE, HICKSVILLE, NY 11801-6232

Signing Officer

Name
Richard Balcom
Title
Treasurer
Phone
5167337032
Signed
2025-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Balcom
Formed
1994
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 667 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/OfficeExpensesGrp/ManagementAndGeneralAmt01587
IRS990/OfficeExpensesGrp/TotalAmt01587
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0525448
IRS990/OtherAssetsTotalGrp/EOYAmt0518219
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt029029
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029029
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1GROUNDS CONTRACT
IRS990/OtherExpensesGrp/Desc2PAINTING AND DECORATING
IRS990/OtherExpensesGrp/Desc3BOOKKEEPING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020546
IRS990/OtherExpensesGrp/ProgramServicesAmt088160
IRS990/OtherExpensesGrp/ProgramServicesAmt165710
IRS990/OtherExpensesGrp/ProgramServicesAmt224378
IRS990/OtherExpensesGrp/TotalAmt088160
IRS990/OtherExpensesGrp/TotalAmt165710
IRS990/OtherExpensesGrp/TotalAmt224378
IRS990/OtherExpensesGrp/TotalAmt320546
IRS990/OtherLiabilitiesGrp/BOYAmt033468
IRS990/OtherLiabilitiesGrp/EOYAmt032781
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/ExclusionAmt01848
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01848
IRS990/OtherRevenueTotalAmt01848
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt031346
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt098632
IRS990/OtherSalariesAndWagesGrp/TotalAmt0129978
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt08942
IRS990/PayrollTaxesGrp/TotalAmt08942
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012565
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014328
IRS990/PrincipalOfficerNm0RICHARD BALCOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0SUBSIDY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0514456
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1381578
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0514456
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1381578
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt017598
IRS990/PYOtherExpensesAmt0701970
IRS990/PYOtherRevenueAmt03559
IRS990/PYProgramServiceRevenueAmt0830814
IRS990/PYRevenuesLessExpensesAmt0-6161
IRS990/PYSalariesCompEmpBnftPaidAmt0156162
IRS990/PYTotalExpensesAmt0858132
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0851971
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-5193
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0896034
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0153
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0159
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt016501
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt017598
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02018
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0663
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03331
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt040111
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0896034
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0830814
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0763603
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0714273
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0670836
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03875560
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt016501
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt017598
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0663
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03331
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt040111
IRS990ScheduleA/InvestmentIncomeCYPct00.01020
IRS990ScheduleA/InvestmentIncomePYPct00.00860
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01848
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03559
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01923
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01848
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01848
IRS990ScheduleA/OtherIncome509Grp/TotalAmt011026
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98700
IRS990ScheduleA/PublicSupportPY509Pct00.98840
IRS990ScheduleA/PublicSupportTotal509Amt03875560
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0896034
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0830814
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0763603
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0714273
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0670836
IRS990ScheduleA/Total509Grp/TotalAmt03875560
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0914383
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0851971
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0767544
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0716784
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0676015
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03926697
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01647329
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03874674
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05522003
IRS990ScheduleD/EquipmentGrp/BookValueAmt010501
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013881
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024382
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0919576
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt045121
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt045121
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt032781
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1325993
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2109
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3158199
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt41137
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/BookValueAmt080140
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0317635
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0397775
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032781
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0914383
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/TotalBookValueLandBuildingsAmt01783091
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0518219
IRS990ScheduleD/TotalExpensesPerForm990Amt0919576
IRS990ScheduleD/TotalLiabilityAmt032781
IRS990ScheduleD/TotalRevenuePerForm990Amt0914383
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0914383
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0919576
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A

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