Civic Intelligence

Thea Bowman F S P a Housing Development Fund Company Inc.

990 • Fiscal year 2016 • EIN 11-3210782

Oct 01, 2015 to Sep 30, 2016 • Filed on Jan 14, 2017

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

28th percentile

0.11x

Higher debt load relative to assets than 28% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

35th percentile

0.59x

Higher debt load relative to revenue than 35% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Net Margin

34th percentile

-21%

Higher net margin than 34% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Asset Growth

33rd percentile

-3.5%

Faster asset growth than 33% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

72nd percentile

7.0%

Faster revenue growth than 72% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets28th percentile

Assets

Down

$2,351,244

Down $84,154 (-3.5%) from 2015

Net Assets

Down

$2,095,190

Down $90,986 (-4.2%) from 2015

Liabilities

Up

$256,054

Up $6,832 (+2.7%) from 2015

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin34th percentile

Revenue

Up

$434,289

Up $28,538 (+7.0%) from 2015

Expenses

Down

$525,275

Down $4,536 (-0.9%) from 2015

Net Income

Up

-$90,986

Up $33,074 (+27%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,940,966Liabilities 2010: $283,857Net Assets 2010: $2,657,1092010Assets 2011: $2,840,116Liabilities 2011: $273,157Net Assets 2011: $2,566,9592011Assets 2012: $2,744,954Liabilities 2012: $260,768Net Assets 2012: $2,484,1862012Assets 2013: $2,652,357Liabilities 2013: $253,863Net Assets 2013: $2,398,4942013Assets 2014: $2,556,923Liabilities 2014: $246,687Net Assets 2014: $2,310,2362014Assets 2015: $2,435,398Liabilities 2015: $249,222Net Assets 2015: $2,186,1762015Assets 2016: $2,351,244Liabilities 2016: $256,054Net Assets 2016: $2,095,1902016Assets 2017: $2,269,421Liabilities 2017: $245,080Net Assets 2017: $2,024,3412017Assets 2018: $2,207,881Liabilities 2018: $262,769Net Assets 2018: $1,945,1122018Assets 2019: $2,148,699Liabilities 2019: $329,960Net Assets 2019: $1,818,7392019Assets 2020: $2,260,181Liabilities 2020: $269,222Net Assets 2020: $1,990,9592020Assets 2021: $2,391,344Liabilities 2021: $257,728Net Assets 2021: $2,133,6162021Assets 2022: $2,517,339Liabilities 2022: $256,667Net Assets 2022: $2,260,6722022Assets 2023: $3,171,727Liabilities 2023: $711,006Net Assets 2023: $2,460,7212023Assets 2024: $3,430,688Liabilities 2024: $750,533Net Assets 2024: $2,680,1552024

Highlighted filing

2016

Assets$2,351,244
Liabilities$256,054
Net Assets$2,095,190
Open 2016 Filing

Operations Trend

Revenue Growth72nd percentile

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

$1.0M$500K$0-$500KExpenses 2010: $488,1142010Expenses 2011: $471,2732011Expenses 2012: $479,7622012Revenue 2013: $416,808Expenses 2013: $502,500Net Income 2013: -$85,6922013Revenue 2014: $414,667Expenses 2014: $502,925Net Income 2014: -$88,2582014Revenue 2015: $405,751Expenses 2015: $529,811Net Income 2015: -$124,0602015Revenue 2016: $434,289Expenses 2016: $525,275Net Income 2016: -$90,9862016Revenue 2017: $440,040Expenses 2017: $510,889Net Income 2017: -$70,8492017Revenue 2018: $482,171Expenses 2018: $561,400Net Income 2018: -$79,2292018Revenue 2019: $597,218Expenses 2019: $723,019Net Income 2019: -$125,8012019Revenue 2020: $794,774Expenses 2020: $622,554Net Income 2020: $172,2202020Revenue 2021: $794,813Expenses 2021: $652,156Net Income 2021: $142,6572021Revenue 2022: $840,014Expenses 2022: $712,958Net Income 2022: $127,0562022Revenue 2023: $930,486Expenses 2023: $730,437Net Income 2023: $200,0492023Revenue 2024: $950,517Expenses 2024: $731,083Net Income 2024: $219,4342024

Highlighted filing

2016

Revenue$434,289
Expenses$525,275
Net Income-$90,986
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jan 14, 2017
Return Version
2015v3.0
Gross Receipts
$434,289
Mission and Program Overview

Mission

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

The organization owns & operates a section 811 hud multifamily project for the disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,147,129$2,053,368▼ $93,761
Savings and Temporary Cash Investments$15,320$15,428▲ $108
Cash and Non-Interest-Bearing Accounts$14,547$13,559▼ $988
Accounts Receivable$5,258$9,112▲ $3,854
Prepaid Expenses and Deferred Charges$7,752$6,304▼ $1,448
Total Assets$2,435,398$2,351,244▼ $84,154
Other Assets Total$245,392$253,473▲ $8,081
Liabilities
Other Liabilities$195,152$195,281▲ $129
Accounts Payable and Accrued Expenses$53,549$60,773▲ $7,224
Deferred Revenue$521$0▼ $521
Total Liabilities$249,222$256,054▲ $6,832
Net Assets / Fund Balance
Unrestricted Net Assets$2,186,176$2,095,190▼ $90,986
Total Net Assets Fund Balance$2,186,176$2,095,190▼ $90,986
Total Liabilities and Net Assets / Fund Balance$2,435,398$2,351,244▼ $84,154

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,017,309$1,628,750$3,646,059
Other Land Buildings$36,059$138,175$174,234
Equipment$0$2,791$2,791
Other Assets Org$29,865--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$432,367
Investment Income
$1,372
Other Revenue
$550
Change in Net Assets
$-90,986

Audited Revenue Reconciliation

Revenue per Audited Statements
$434,289
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$434,289
Total Revenue per Form 990
$434,289
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$384,811
Salaries, Compensation, and Employee Benefits$140,464
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$117,557$9,835-$127,392
Depreciation Depletion$111,360--$111,360
Fees for Services Management-$40,392-$40,392
All Other Expenses$29,559$6,522-$36,081
Occupancy$29,338--$29,338
Insurance$27,024--$27,024
Fees for Services Legal-$17,637-$17,637
Other Expenses$14,884--$14,884
Fees for Services Accounting-$11,400-$11,400
Other Employee Benefits$9,946--$9,946
Payroll Taxes$3,126--$3,126
Office Expenses-$747-$747
Total Functional Expenses$438,742$86,533$0$525,275

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$525,275
Total Expenses per Audited Statements$525,275
Total Expenses per Form 990$525,275
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
Due to Catholic Charities$185,492
Tenant Security Deposits Payable$9,789
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
Yes
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 A, Line 6

“The organization has a sole corporate member, which is also a tax exempt entity.”

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

“The sole corporate member has the ability to elect the board of directors.”

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

“The sole corporate member has reserved powers to: amend the charter and by-laws, approve a sale, lease, mortgage, or pledge any real property, remove or elect members of the board of directors and appoint officers of the corporation.”

Form 990, Part VI, Section B, Line 11

“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
Thea Bowman Fspa Housing Development
EIN
11-3210782
Phone
5167337032
Address
90 CHERRY LANE, HICKSVILLE, NY 11801-6232

Signing Officer

Name
Richard Balcom
Title
Treasurer
Phone
5167337032
Signed
2017-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Balcom
Formed
1998
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
D'ARCANGELO & CO LLP
Address
800 WESTCHESTER AVE SUITE N-400, RYE BROOK, NY 10573-1301
Preparer
Vincent P 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.”

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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0117557
IRS990/OtherSalariesAndWagesGrp/TotalAmt0127392
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03126
IRS990/PayrollTaxesGrp/TotalAmt03126
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07752
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06304
IRS990/PrincipalOfficerNm0RICHARD BALCOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0HOUSING ASSISTANCE PAY
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0319762
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1112605
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0319762
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1112605
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01335
IRS990/PYOtherExpensesAmt0374735
IRS990/PYOtherRevenueAmt0955
IRS990/PYProgramServiceRevenueAmt0403461
IRS990/PYRevenuesLessExpensesAmt0-124060
IRS990/PYSalariesCompEmpBnftPaidAmt0155076
IRS990/PYTotalExpensesAmt0529811
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0405751
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-90986
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0432367
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015320
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015428
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01372
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01335
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0896
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0550
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt074
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04227
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0432367
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0403461
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0412902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0415199
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0395545
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02059474
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01372
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01335
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0896
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0550
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt074
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04227
IRS990ScheduleA/InvestmentIncomeCYPct00.00200
IRS990ScheduleA/InvestmentIncomePYPct00.00150
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0550
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0955
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0869
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01059
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01370
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04803
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99560
IRS990ScheduleA/PublicSupportPY509Pct00.99580
IRS990ScheduleA/PublicSupportTotal509Amt02059474
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0432367
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0403461
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0412902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0415199
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0395545
IRS990ScheduleA/Total509Grp/TotalAmt02059474
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0434289
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0405751
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0414667
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0416808
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0396989
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02068504
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02017309
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01628750
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03646059
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02791
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02791
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0525275
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09789
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1213819
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt229865
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt036059
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0138175
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0174234
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0185492
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19789
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CATHOLIC CHARITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0434289
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02053368
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0253473
IRS990ScheduleD/TotalExpensesPerForm990Amt0525275
IRS990ScheduleD/TotalLiabilityAmt0195281
IRS990ScheduleD/TotalRevenuePerForm990Amt0434289
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0434289
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0525275
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 HAS A SOLE CORPORATE MEMBER, WHICH IS ALSO A TAX EXEMPT ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE CORPORATE MEMBER HAS THE ABILITY TO ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SOLE CORPORATE MEMBER HAS RESERVED POWERS TO: AMEND THE CHARTER AND BY-LAWS, APPROVE A SALE, LEASE, MORTGAGE, OR PLEDGE ANY REAL PROPERTY, REMOVE OR ELECT MEMBERS OF THE BOARD OF DIRECTORS AND APPOINT OFFICERS OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5ANNUAL UPDATES ARE REQUESTED IN WRITING FROM THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO BOARD MEMBERS OR OFFICERS RECEIVE ANY COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING 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/ExplanationTxt8THE 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/ExplanationTxt9THE 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 A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VII, SECTION A, COLUMN B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 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

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,351,244
Liabilities
$256,054
Net assets
$2,095,190
Revenue
$434,289
Expenses
$525,275
Net income
-$90,986
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.43$0.75$2.68$0.95$0.73$0.22
2023Detailed filing. Detailed filing data is available for this year.$3.17$0.71$2.46$0.93$0.73$0.20
2022Detailed filing. Detailed filing data is available for this year.$2.52$0.26$2.26$0.84$0.71$0.13
2021Detailed filing. Detailed filing data is available for this year.$2.39$0.26$2.13$0.79$0.65$0.14
2020Detailed filing. Detailed filing data is available for this year.$2.26$0.27$1.99$0.79$0.62$0.17
2019Detailed filing. Detailed filing data is available for this year.$2.15$0.33$1.82$0.60$0.72$0.13
2018Detailed filing. Detailed filing data is available for this year.$2.21$0.26$1.95$0.48$0.56$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.27$0.25$2.02$0.44$0.51$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.35$0.26$2.10$0.43$0.53$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.44$0.25$2.19$0.41$0.53$0.12
2014Detailed filing. Detailed filing data is available for this year.$2.56$0.25$2.31$0.41$0.50$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.25$2.40$0.42$0.50$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$0.26$2.48$0.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.84$0.27$2.57$0.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.28$2.66$0.49