Civic Intelligence

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

990 • Fiscal year 2018 • EIN 11-3210782

Oct 01, 2017 to Sep 30, 2018 • Filed on Dec 20, 2018

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

31st percentile

0.12x

Higher debt load relative to assets than 31% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

36th percentile

0.54x

Higher debt load relative to revenue than 36% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Source year 2018

Net Margin

38th percentile

-16%

Higher net margin than 38% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • NTEE L • $1M-$5M nonprofits • Source year 2018

Asset Growth

44th percentile

-2.7%

Faster asset growth than 44% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

76th percentile

9.6%

Faster revenue growth than 76% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$2,207,881

Down $61,540 (-2.7%) from 2017

Net Assets

Down

$1,945,112

Down $79,229 (-3.9%) from 2017

Liabilities

Up

$262,769

Up $17,689 (+7.2%) from 2017

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin38th percentile

Revenue

Up

$482,171

Up $42,131 (+9.6%) from 2017

Expenses

Up

$561,400

Up $50,511 (+9.9%) from 2017

Net Income

Down

-$79,229

Down $8,380 (-12%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2018

Assets$2,207,881
Liabilities$262,769
Net Assets$1,945,112
Open 2018 Filing

Operations Trend

Revenue Growth76th 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

2018

Revenue$482,171
Expenses$561,400
Net Income-$79,229
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Dec 20, 2018
Return Version
2017v2.3
Gross Receipts
$482,171
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$1,954,099$1,870,880▼ $83,219
Accounts Receivable$13,679$15,650▲ $1,971
Prepaid Expenses and Deferred Charges$6,201$6,610▲ $409
Savings and Temporary Cash Investments$15,537$3,602▼ $11,935
Cash and Non-Interest-Bearing Accounts$13,420$3,490▼ $9,930
Total Assets$2,269,421$2,207,881▼ $61,540
Other Assets Total$266,485$307,649▲ $41,164
Liabilities
Other Liabilities$195,731$195,632▼ $99
Accounts Payable and Accrued Expenses$48,796$65,543▲ $16,747
Deferred Revenue$553$1,594▲ $1,041
Total Liabilities$245,080$262,769▲ $17,689
Net Assets / Fund Balance
Unrestricted Net Assets$2,024,341$1,945,112▼ $79,229
Total Net Assets Fund Balance$2,024,341$1,945,112▼ $79,229
Total Liabilities and Net Assets / Fund Balance$2,269,421$2,207,881▼ $61,540

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,832,604$1,822,080$3,654,684
Other Land Buildings$38,276$124,661$162,937
Equipment$0$2,791$2,791
Other Assets Org$18,774--
Compensation and Service Providers
Top Officer Pay49th 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
$477,961
Investment Income
$3,336
Other Revenue
$874
Change in Net Assets
$-79,229

Audited Revenue Reconciliation

Revenue per Audited Statements
$482,171
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$482,171
Total Revenue per Form 990
$482,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$404,165
Salaries, Compensation, and Employee Benefits$157,235
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$135,038$8,676-$143,714
Depreciation Depletion$109,942--$109,942
Fees for Services Management-$45,182-$45,182
Occupancy$33,993--$33,993
Fees for Services Legal-$30,201-$30,201
All Other Expenses$22,561$7,091-$29,652
Insurance$25,931--$25,931
Other Expenses$14,884--$14,884
Fees for Services Accounting-$12,000-$12,000
Other Employee Benefits$9,772--$9,772
Payroll Taxes$3,749--$3,749
Office Expenses-$958-$958
Total Functional Expenses$457,292$104,108$0$561,400

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$561,400
Total Expenses per Audited Statements$561,400
Total Expenses per Form 990$561,400
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$10,140
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 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
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
2018-12-20
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/ManagementAndGeneralAmt08676
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0135038
IRS990/OtherSalariesAndWagesGrp/TotalAmt0143714
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03749
IRS990/PayrollTaxesGrp/TotalAmt03749
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06201
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06610
IRS990/PrincipalOfficerNm0RICHARD BALCOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0SUBSIDY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0358680
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1119281
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0358680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1119281
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01433
IRS990/PYOtherExpensesAmt0370079
IRS990/PYOtherRevenueAmt0744
IRS990/PYProgramServiceRevenueAmt0437863
IRS990/PYRevenuesLessExpensesAmt0-70849
IRS990/PYSalariesCompEmpBnftPaidAmt0140810
IRS990/PYTotalExpensesAmt0510889
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0440040
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-79229
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0477961
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015537
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03602
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03336
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01433
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01372
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01335
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0896
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08372
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0477961
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0437863
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0432367
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0403461
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0412902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02164554
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03336
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01433
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01372
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01335
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0896
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08372
IRS990ScheduleA/InvestmentIncomeCYPct00.00380
IRS990ScheduleA/InvestmentIncomePYPct00.00260
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0874
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0744
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0550
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0955
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0869
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03992
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99430
IRS990ScheduleA/PublicSupportPY509Pct00.99540
IRS990ScheduleA/PublicSupportTotal509Amt02164554
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0477961
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0437863
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0432367
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0403461
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0412902
IRS990ScheduleA/Total509Grp/TotalAmt02164554
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0482171
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0440040
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0434289
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0405751
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0414667
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02176918
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01832604
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01822080
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03654684
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02791
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02791
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0561400
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt010140
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1278735
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt218774
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038276
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0124661
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0162937
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0185492
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110140
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CATHOLIC CHARITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0482171
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01870880
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0307649
IRS990ScheduleD/TotalExpensesPerForm990Amt0561400
IRS990ScheduleD/TotalLiabilityAmt0195632
IRS990ScheduleD/TotalRevenuePerForm990Amt0482171
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0482171
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0561400
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 11B
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

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,207,881
Liabilities
$262,769
Net assets
$1,945,112
Revenue
$482,171
Expenses
$561,400
Net income
-$79,229
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