Civic Intelligence

Bishop John R Mcgann Senior Housing Development Fund Co Inc

EIN 11-3273995 • 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

10th percentile

0.02x

Higher debt load relative to assets than 10% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.10x

Higher debt load relative to revenue than 13% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Net Margin

49th percentile

-1.2%

Higher net margin than 49% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

NTEE L • $5M-$10M nonprofits • Source year 2024

Asset Growth

53rd percentile

0.1%

Faster asset growth than 53% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

6.7%

Faster revenue growth than 58% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,719,873

Up $8,673 (+0.1%) from 2023

Liabilities

Up

$126,680

Up $23,583 (+23%) from 2023

Net Assets

Down

$6,593,193

Down $14,910 (-0.2%) from 2023

Revenue

Up

$1,258,945

Up $78,974 (+6.7%) from 2023

Expenses

Up

$1,273,855

Up $49,078 (+4.0%) from 2023

Net Income

Up

-$14,910

Up $29,896 (+67%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $9,021,252Liabilities 2010: $84,018Net Assets 2010: $8,937,2342010Assets 2011: $8,854,034Liabilities 2011: $139,233Net Assets 2011: $8,714,8012011Assets 2012: $8,532,519Liabilities 2012: $95,341Net Assets 2012: $8,437,1782012Assets 2013: $8,291,762Liabilities 2013: $97,484Net Assets 2013: $8,194,2782013Assets 2014: $8,011,011Liabilities 2014: $97,933Net Assets 2014: $7,913,0782014Assets 2015: $7,827,576Liabilities 2015: $100,399Net Assets 2015: $7,727,1772015Assets 2016: $7,698,481Liabilities 2016: $113,942Net Assets 2016: $7,584,5392016Assets 2017: $7,582,120Liabilities 2017: $84,827Net Assets 2017: $7,497,2932017Assets 2018: $7,619,299Liabilities 2018: $108,285Net Assets 2018: $7,511,0142018Assets 2019: $7,430,560Liabilities 2019: $93,237Net Assets 2019: $7,337,3232019Assets 2020: $7,324,737Liabilities 2020: $135,954Net Assets 2020: $7,188,7832020Assets 2021: $7,079,474Liabilities 2021: $121,653Net Assets 2021: $6,957,8212021Assets 2022: $6,748,432Liabilities 2022: $95,523Net Assets 2022: $6,652,9092022Assets 2023: $6,711,200Liabilities 2023: $103,097Net Assets 2023: $6,608,1032023Assets 2024: $6,719,873Liabilities 2024: $126,680Net Assets 2024: $6,593,1932024

Highlighted filing

2024

Assets$6,719,873
Liabilities$126,680
Net Assets$6,593,193

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $987,4602010Expenses 2011: $1,009,1612011Revenue 2012: $780,481Expenses 2012: $1,058,104Net Income 2012: -$277,6232012Revenue 2013: $797,052Expenses 2013: $1,039,952Net Income 2013: -$242,9002013Revenue 2014: $792,237Expenses 2014: $1,073,437Net Income 2014: -$281,2002014Revenue 2015: $885,018Expenses 2015: $1,070,919Net Income 2015: -$185,9012015Revenue 2016: $952,869Expenses 2016: $1,095,507Net Income 2016: -$142,6382016Revenue 2017: $960,393Expenses 2017: $1,047,639Net Income 2017: -$87,2462017Revenue 2018: $1,137,106Expenses 2018: $1,123,385Net Income 2018: $13,7212018Revenue 2019: $969,991Expenses 2019: $1,144,128Net Income 2019: -$174,1372019Revenue 2020: $951,096Expenses 2020: $1,099,636Net Income 2020: -$148,5402020Revenue 2021: $923,546Expenses 2021: $1,154,508Net Income 2021: -$230,9622021Revenue 2022: $979,080Expenses 2022: $1,283,992Net Income 2022: -$304,9122022Revenue 2023: $1,179,971Expenses 2023: $1,224,777Net Income 2023: -$44,8062023Revenue 2024: $1,258,945Expenses 2024: $1,273,855Net Income 2024: -$14,9102024

Highlighted filing

2024

Revenue$1,258,945
Expenses$1,273,855
Net Income-$14,910

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.72$0.13$6.59$1.26$1.27$0.01
2023Detailed filing. Detailed filing data is available for this year.$6.71$0.10$6.61$1.18$1.22$0.04
2022Detailed filing. Detailed filing data is available for this year.$6.75$0.10$6.65$0.98$1.28$0.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.08$0.12$6.96$0.92$1.15$0.23
2020Detailed filing. Detailed filing data is available for this year.$7.32$0.14$7.19$0.95$1.10$0.15
2019Detailed filing. Detailed filing data is available for this year.$7.43$0.09$7.34$0.97$1.14$0.17
2018Detailed filing. Detailed filing data is available for this year.$7.62$0.11$7.51$1.14$1.12$0.01
2017Detailed filing. Detailed filing data is available for this year.$7.58$0.08$7.50$0.96$1.05$0.09
2016Detailed filing. Detailed filing data is available for this year.$7.70$0.11$7.58$0.95$1.10$0.14
2015Detailed filing. Detailed filing data is available for this year.$7.83$0.10$7.73$0.89$1.07$0.19
2014Detailed filing. Detailed filing data is available for this year.$8.01$0.10$7.91$0.79$1.07$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.29$0.10$8.19$0.80$1.04$0.24
2012Summary only. Only limited summary data is available for this year.$8.53$0.10$8.44$0.78$1.06$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.85$0.14$8.71$1.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.02$0.08$8.94$0.99
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 3, 2025
Return Version
2023v6.0
Gross Receipts
$1,258,945
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,262,518$5,077,229▼ $185,289
Cash and Non-Interest-Bearing Accounts$31,413$79,048▲ $47,635
Prepaid Expenses and Deferred Charges$25,054$26,865▲ $1,811
Accounts Receivable$71,700$25,158▼ $46,542
Savings and Temporary Cash Investments$8,616$8,946▲ $330
Total Assets$6,711,200$6,719,873▲ $8,673
Other Assets Total$1,311,899$1,502,627▲ $190,728
Liabilities
Accounts Payable and Accrued Expenses$50,802$61,052▲ $10,250
Other Liabilities$44,844$44,039▼ $805
Deferred Revenue$7,451$21,589▲ $14,138
Total Liabilities$103,097$126,680▲ $23,583
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,608,103$6,593,193▼ $14,910
Total Net Assets Fund Balance$6,608,103$6,593,193▼ $14,910
Total Liabilities and Net Assets / Fund Balance$6,711,200$6,719,873▲ $8,673

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,802,612$6,851,949$10,654,561
Land$1,188,779-$1,188,779
Other Land Buildings$85,319$579,839$665,158
Equipment$519$31,837$32,356
Other Assets Org$3,973--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,195,214
Investment Income
$59,723
Other Revenue
$4,008
Change in Net Assets
$-14,910

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,258,945
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,258,945
Total Revenue per Form 990
$1,258,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,129,191
Salaries, Compensation, and Employee Benefits$144,664
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$311,909--$311,909
Fees for Services Management-$151,814-$151,814
Other Salaries and Wages$90,563$31,392-$121,955
Occupancy$121,366--$121,366
Insurance$88,908--$88,908
All Other Expenses$46,263$11,796-$58,059
Other Expenses$62,265$33,354-$33,354
Fees for Services Accounting-$20,650-$20,650
Payroll Taxes$14,854--$14,854
Fees for Services Legal-$10,066-$10,066
Other Employee Benefits$7,855--$7,855
Office Expenses-$1,458-$1,458
Total Functional Expenses$1,013,325$260,530$0$1,273,855

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,273,855
Total Expenses per Audited Statements$1,273,855
Total Expenses per Form 990$1,273,855
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$44,039
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 trustees 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
Bishop John R Mcgann Senior Housing
EIN
11-3273995
Phone
5167337032
Address
90 CHERRY LANE, HICKSVILLE, NY 11801-6232

Signing Officer

Name
Richard Balcom
Title
Treasurer
Phone
5167337032
Signed
2025-02-03
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
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 672 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/ActivityOrMissionDesc0THE ORGANIZATION OWNS & OPERATES A SECTION 202 HUD MULTIFAMILY HOUSING PROJECT FOR THE ELDERLY.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt011796
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IRS990/Desc0ON A NOT-FOR-PROFIT BASIS, THE CORPORATION PROVIDES 125 UNITS OF AFFORDABLE RENTAL HOUSING FOR PERSONS OF LIMITED MEANS IN CENTRAL ISLIP, NEW YORK, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06593193
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0121366
IRS990/OccupancyGrp/TotalAmt0121366
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01458
IRS990/OfficeExpensesGrp/TotalAmt01458
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01311899
IRS990/OtherAssetsTotalGrp/EOYAmt01502627
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07855
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07855
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SECURITY CONTRACT
IRS990/OtherExpensesGrp/Desc2GROUNDS CONTRACT
IRS990/OtherExpensesGrp/Desc3BOOKKEEPING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt033354
IRS990/OtherExpensesGrp/ProgramServicesAmt0205217
IRS990/OtherExpensesGrp/ProgramServicesAmt164125
IRS990/OtherExpensesGrp/ProgramServicesAmt262265
IRS990/OtherExpensesGrp/TotalAmt0205217
IRS990/OtherExpensesGrp/TotalAmt164125
IRS990/OtherExpensesGrp/TotalAmt262265
IRS990/OtherExpensesGrp/TotalAmt333354
IRS990/OtherLiabilitiesGrp/BOYAmt044844
IRS990/OtherLiabilitiesGrp/EOYAmt044039
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt03000
IRS990/OtherRevenueMiscGrp/ExclusionAmt11008
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11008
IRS990/OtherRevenueTotalAmt04008
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt031392
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt090563
IRS990/OtherSalariesAndWagesGrp/TotalAmt0121955
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt014854
IRS990/PayrollTaxesGrp/TotalAmt014854
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025054
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026865
IRS990/PrincipalOfficerNm0RICHARD BALCOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0SUBSIDY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0691883
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1503331
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0691883
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1503331
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt043880
IRS990/PYOtherExpensesAmt01069936
IRS990/PYOtherRevenueAmt011724
IRS990/PYProgramServiceRevenueAmt01124367
IRS990/PYRevenuesLessExpensesAmt0-44806
IRS990/PYSalariesCompEmpBnftPaidAmt0154841
IRS990/PYTotalExpensesAmt01224777
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01179971
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-14910
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01195214
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08616
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08946
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt059723
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt043880
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04870
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01020
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07775
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0117268
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01195214
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01124367
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0965832
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0918026
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0936731
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05140170
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt059723
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt043880
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04870
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01020
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt07775
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0117268
IRS990ScheduleA/InvestmentIncomeCYPct00.02220
IRS990ScheduleA/InvestmentIncomePYPct00.01540
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04008
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt011724
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt08378
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06590
IRS990ScheduleA/OtherIncome509Grp/TotalAmt035200
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97120
IRS990ScheduleA/PublicSupportPY509Pct00.97720
IRS990ScheduleA/PublicSupportTotal509Amt05140170
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01195214
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01124367
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0965832
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0918026
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0936731
IRS990ScheduleA/Total509Grp/TotalAmt05140170
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01258945
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01179971
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0979080
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0923546
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0951096
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05292638
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03802612
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06851949
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010654561
IRS990ScheduleD/EquipmentGrp/BookValueAmt0519
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031837
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt032356
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01273855
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01188779
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01188779
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt044039
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11187049
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt215532
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3252034
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt43973
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESERVE FOR REPLACEMENTS-ACCRUED INTEREST
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt085319
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0579839
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0665158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044039
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01258945
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/TotalBookValueLandBuildingsAmt05077229
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01502627
IRS990ScheduleD/TotalExpensesPerForm990Amt01273855
IRS990ScheduleD/TotalLiabilityAmt044039
IRS990ScheduleD/TotalRevenuePerForm990Amt01258945
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01258945
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01273855
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 TRUSTEES 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

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