Civic Intelligence

David Minkin Residence Housing Development Fund Company Inc

990 • Fiscal year 2017 • EIN 11-3201990

Jul 01, 2016 to Jun 30, 2017 • Filed on May 11, 2018

Organization Profilewww.ccbq.org
191 Joralemon StreetBrooklyn, NY 11201

(718) 722-6150

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.59x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

10.23x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

7th percentile

-37%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

88th percentile

$298,454

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 32.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

18th percentile

-4.0%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

6.1%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$6,018,219

Down $253,781 (-4.0%) from 2016

Net Assets

Down

-$3,534,862

Down $343,254 (-11%) from 2016

Liabilities

Up

$9,553,081

Up $89,473 (+0.9%) from 2016

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin7th percentile

Revenue

Up

$934,108

Up $53,493 (+6.1%) from 2016

Expenses

Up

$1,277,362

Up $184,854 (+17%) from 2016

Net Income

Down

-$343,254

Down $131,361 (-62%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2011: $7,451,325Liabilities 2011: $9,454,919Net Assets 2011: -$2,003,5942011Assets 2012: $7,253,076Liabilities 2012: $9,439,963Net Assets 2012: -$2,186,8872012Assets 2013: $7,095,292Liabilities 2013: $9,507,993Net Assets 2013: -$2,412,7012013Assets 2014: $6,890,914Liabilities 2014: $9,616,076Net Assets 2014: -$2,725,1622014Assets 2015: $6,520,092Liabilities 2015: $9,499,807Net Assets 2015: -$2,979,7152015Assets 2016: $6,272,000Liabilities 2016: $9,463,608Net Assets 2016: -$3,191,6082016Assets 2017: $6,018,219Liabilities 2017: $9,553,081Net Assets 2017: -$3,534,8622017Assets 2018: $5,933,997Liabilities 2018: $9,581,789Net Assets 2018: -$3,647,7922018Assets 2019: $5,836,058Liabilities 2019: $9,529,912Net Assets 2019: -$3,693,8542019Assets 2020: $5,595,991Liabilities 2020: $9,453,651Net Assets 2020: -$3,857,6602020Assets 2021: $5,429,919Liabilities 2021: $9,492,188Net Assets 2021: -$4,062,2692021Assets 2022: $5,207,068Liabilities 2022: $9,532,630Net Assets 2022: -$4,325,5622022Assets 2023: $5,028,150Liabilities 2023: $9,654,275Net Assets 2023: -$4,626,1252023Assets 2024: $4,694,249Liabilities 2024: $9,490,633Net Assets 2024: -$4,796,3842024

Highlighted filing

2017

Assets$6,018,219
Liabilities$9,553,081
Net Assets-$3,534,862
Open 2017 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $697,198Expenses 2011: $930,741Net Income 2011: -$233,5432011Revenue 2012: $694,216Expenses 2012: $877,509Net Income 2012: -$183,2932012Revenue 2013: $782,459Expenses 2013: $1,008,273Net Income 2013: -$225,8142013Revenue 2014: $812,410Expenses 2014: $1,124,871Net Income 2014: -$312,4612014Revenue 2015: $789,215Expenses 2015: $1,043,768Net Income 2015: -$254,5532015Revenue 2016: $880,615Expenses 2016: $1,092,508Net Income 2016: -$211,8932016Revenue 2017: $934,108Expenses 2017: $1,277,362Net Income 2017: -$343,2542017Revenue 2018: $1,111,467Expenses 2018: $1,224,397Net Income 2018: -$112,9302018Revenue 2019: $1,212,314Expenses 2019: $1,258,376Net Income 2019: -$46,0622019Revenue 2020: $1,217,184Expenses 2020: $1,380,990Net Income 2020: -$163,8062020Revenue 2021: $1,203,463Expenses 2021: $1,408,073Net Income 2021: -$204,6102021Revenue 2022: $1,242,880Expenses 2022: $1,506,173Net Income 2022: -$263,2932022Revenue 2023: $1,302,482Expenses 2023: $1,603,045Net Income 2023: -$300,5632023Revenue 2024: $1,364,261Expenses 2024: $1,534,520Net Income 2024: -$170,2592024

Highlighted filing

2017

Revenue$934,108
Expenses$1,277,362
Net Income-$343,254
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$934,108
Mission and Program Overview

Mission

To provide safe and affordable housing for elderly and disabled persons of low income.

TO PROVIDE SAFE AND AFFORDABLE HOUSING for elderly and disabled PERSONS OF LOW INCOME

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,715,829$5,482,147▼ $233,682
Savings and Temporary Cash Investments$456,543$441,289▼ $15,254
Prepaid Expenses and Deferred Charges$64,491$69,102▲ $4,611
Cash and Non-Interest-Bearing Accounts$7,030$1,020▼ $6,010
Accounts Receivable$4,450$335▼ $4,115
Total Assets$6,272,000$6,018,219▼ $253,781
Other Assets Total$23,657$24,326▲ $669
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,353,400$9,353,400→ $0
Accounts Payable and Accrued Expenses$60,975$106,612▲ $45,637
Other Liabilities$49,233$93,069▲ $43,836
Total Liabilities$9,463,608$9,553,081▲ $89,473
Net Assets / Fund Balance
Unrestricted Net Assets$-3,191,608$-3,534,862▼ $343,254
Total Net Assets Fund Balance$-3,191,608$-3,534,862▼ $343,254
Total Liabilities and Net Assets / Fund Balance$6,272,000$6,018,219▼ $253,781

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,310,867$4,329,277$8,640,144
Land$1,145,250-$1,145,250
Equipment$26,030$165,030$191,060
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleOtherTotal
Richard SlizeskiDirector$144,588$144,588
Richard AbrahamsenSecretary/treasurer$138,876$138,876
REV MSGR Alfred P LopintoCEO$50,000$50,000

Board Members and Trustees

NameTitle
JEANNE m DIULIOPresident
Desiree ArduiniDirector
Desiree FrysonDirector
Martin SussmanDirector
Mary HursonDirector
Samira AlievaDirector
Alan WolinetzDirector/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$930,245
Investment Income
$593
Other Revenue
$3,270
Change in Net Assets
$-343,254

Audited Revenue Reconciliation

Revenue per Audited Statements
$934,108
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$934,108
Total Revenue per Form 990
$934,108
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,033,119
Salaries, Compensation, and Employee Benefits$244,243
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$272,555--$272,555
Depreciation Depletion$261,553--$261,553
Other Salaries and Wages$182,573--$182,573
Fees for Services Management$98,143--$98,143
Insurance$71,621--$71,621
Other Employee Benefits$47,711--$47,711
Fees for Services Accounting$348$15,825-$16,173
Payroll Taxes$13,959--$13,959
Office Expenses$11,811--$11,811
Other Expenses$10,092--$10,092
All Other Expenses$458--$458
Total Functional Expenses$1,261,537$15,825$0$1,277,362

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,277,362
Total Expenses per Audited Statements$1,277,362
Total Expenses per Form 990$1,277,362
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
Residual Receipt Offset Liability$46,478
Due to Affiliates$23,439
Tenant Security Deposit$23,152
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“PROGRESS OF PEOPLE'S DEVELOPMENT CORP is the sole member of DAVID MINKIN RESIDENCE HOUSING DEVELOPMENT FUND COPORATION.”

Form 990, Part VI, Section A, line 7A

“Progress of people's development corp as the sole member of the organization, and pursuant to it's bylaws has certain rights including but not limited to electing directors and filling vacant director positions.”

Form 990, Part VI, Section A, line 7B

“Progress of people's development corp as the sole member of the organization, and pursuant to the bylaws has certain rights including but not limited to (1) amend the bylaws of the corporation, (2) change the purpose of the corporation, (3) dissolve the corporation, (4) elect directors, (5) fill vacant director positions, and (6) remove directors with or without cause.”

Form 990, Part VI, Section B, line 11B

“A copy of the form 990 is made available to the board. The board reviews the form 990 and when the board is satisfied the form 990 is approved for filing with the irs.”

Form 990, Part VI, Section B, line 12C

“Each director, principal officer and member of a committee with board delegated powers annually signs a statement that affirms that such person (1) has received a copy of the organizations's conflict of interest policy, (2) has read and understands the policy, (3) has agreed to comply with the policy and (4) understands that the organization is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt activities. If there is an actual or preceived conflict of interest, affected individuals must recuse themselves from any discussion or deliberating process.”

Form 990, Part VI, Section C, line 19

“These documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
David Minkin Residence Hdfc
EIN
11-3201990
Phone
7187226150
Address
191 JORALEMON STREET, BROOKLYN, NY 11201

Signing Officer

Name
jeanne m diulio
Title
president
Phone
7187226150
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
jeanne m diulio
Formed
1994
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
0
Employees
0
Volunteers
8

Preparer

Firm
Cohnreznick Llp
Address
1301 AVENUE OF THE AMERICAS, NEW YORK, NY 10019
Preparer
Thomas Lanning
Phone
2122970400
Supplemental Narrative

Additional Explanations

form 990, part XII, line 2C:

“This process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“The Corporation has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended June 30, 2017. Due to its tax exempt status, the Corporation is not subject to income taxes. The Corporation is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years ending on or after June 30, 2014 remain open.”

Raw XML AppendixShowing 400 of 1,362 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/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0272555
IRS990/OccupancyGrp/TotalAmt0272555
IRS990/OfficeExpensesGrp/ProgramServicesAmt011811
IRS990/OfficeExpensesGrp/TotalAmt011811
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt023657
IRS990/OtherAssetsTotalGrp/EOYAmt024326
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt047711
IRS990/OtherEmployeeBenefitsGrp/TotalAmt047711
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1Misc. Financial Expense
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3Administrative rent
IRS990/OtherExpensesGrp/ProgramServicesAmt0213270
IRS990/OtherExpensesGrp/ProgramServicesAmt148416
IRS990/OtherExpensesGrp/ProgramServicesAmt229027
IRS990/OtherExpensesGrp/ProgramServicesAmt310092
IRS990/OtherExpensesGrp/TotalAmt0213270
IRS990/OtherExpensesGrp/TotalAmt148416
IRS990/OtherExpensesGrp/TotalAmt229027
IRS990/OtherExpensesGrp/TotalAmt310092
IRS990/OtherLiabilitiesGrp/BOYAmt049233
IRS990/OtherLiabilitiesGrp/EOYAmt093069
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0laundry and vending
IRS990/OtherRevenueMiscGrp/Desc1Tenant charges
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02771
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1499
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02771
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1499
IRS990/OtherRevenueTotalAmt03270
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0182573
IRS990/OtherSalariesAndWagesGrp/TotalAmt0182573
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt013959
IRS990/PayrollTaxesGrp/TotalAmt013959
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt064491
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt069102
IRS990/PrincipalOfficerNm0jeanne m diulio
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0930245
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0930245
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0410
IRS990/PYOtherExpensesAmt0873424
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0880205
IRS990/PYRevenuesLessExpensesAmt0-211893
IRS990/PYSalariesCompEmpBnftPaidAmt0219084
IRS990/PYTotalExpensesAmt01092508
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0880615
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-343254
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0933515
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0456543
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0441289
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0laundry and vending - 2012 Amount: $ 2,863. 2013 Amount: $ 2,441. 2014 Amount: $ 2,916. 2015 Amount: $ 2,422. 2016 Amount: $ 2,771. tenant charges - 2012 Amount: $ 368. 2014 Amount: $ 322. 2015 Amount: $ 2,855. 2016 Amount: $ 499.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0593
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0410
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0696
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01787
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02200
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05686
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0930245
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0874928
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0785281
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0808182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0777028
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04175664
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0593
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0410
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0696
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01787
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02200
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05686
IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/InvestmentIncomePYPct00.00220
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03270
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05277
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03238
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02441
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03231
IRS990ScheduleA/OtherIncome509Grp/TotalAmt017457
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99450
IRS990ScheduleA/PublicSupportPY509Pct00.99780
IRS990ScheduleA/PublicSupportTotal509Amt04175664
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0930245
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0874928
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0785281
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0808182
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0777028
IRS990ScheduleA/Total509Grp/TotalAmt04175664
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0934108
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0880615
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0789215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0812410
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0782459
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04198807
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04310867
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04329277
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08640144
IRS990ScheduleD/EquipmentGrp/BookValueAmt026030
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0165030
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0191060
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01277362
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01145250
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01145250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023152
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123439
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt246478
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Affiliates
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Residual Receipt Offset Liability
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0934108
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended June 30, 2017. Due to its tax exempt status, the Corporation is not subject to income taxes. The Corporation is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years ending on or after June 30, 2014 remain open.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05482147
IRS990ScheduleD/TotalExpensesPerForm990Amt01277362
IRS990ScheduleD/TotalLiabilityAmt093069
IRS990ScheduleD/TotalRevenuePerForm990Amt0934108
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0934108
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01277362
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0148390
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1130468
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2143138
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3132783
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4136931
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt5131936
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt6276171
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,018,219
Liabilities
$9,553,081
Net assets
-$3,534,862
Revenue
$934,108
Expenses
$1,277,362
Net income
-$343,254
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.69$9.49$4.80$1.36$1.53$0.17
2023Detailed filing. Detailed filing data is available for this year.$5.03$9.65$4.63$1.30$1.60$0.30
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.21$9.53$4.33$1.24$1.51$0.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.43$9.49$4.06$1.20$1.41$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.60$9.45$3.86$1.22$1.38$0.16
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.84$9.53$3.69$1.21$1.26$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.93$9.58$3.65$1.11$1.22$0.11
2017Detailed filing. Detailed filing data is available for this year.$6.02$9.55$3.53$0.93$1.28$0.34
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.27$9.46$3.19$0.88$1.09$0.21
2015Summary only. Only limited summary data is available for this year.$6.52$9.50$2.98$0.79$1.04$0.25
2014Summary only. Only limited summary data is available for this year.$6.89$9.62$2.73$0.81$1.12$0.31
2013Summary only. Only limited summary data is available for this year.$7.10$9.51$2.41$0.78$1.01$0.23
2012Summary only. Only limited summary data is available for this year.$7.25$9.44$2.19$0.69$0.88$0.18
2011Summary only. Only limited summary data is available for this year.$7.45$9.45$2.00$0.70$0.93$0.23