Civic Intelligence

Cypress West Housing Development Fund Corporation

990 • Fiscal year 2023 • EIN 11-3294777

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileN/A
625 Jamaica AveBrooklyn, NY 11208

(718) 647-2800

Siviq Scores

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

Liabilities / Assets

86th percentile

1.70x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

6.94x

Higher debt load relative to revenue than 65% of similar nonprofits.

2023 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2023

Net Margin

42nd percentile

-21%

Higher net margin than 42% of similar nonprofits.

2023 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$210,191

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 51.2% of source-year revenue.

2023 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2023

Asset Growth

39th percentile

-3.1%

Faster asset growth than 39% of similar nonprofits.

2023 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

71st percentile

11%

Faster revenue growth than 71% of similar nonprofits.

2023 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$1,680,460

Down $53,853 (-3.1%) from 2022

Net Assets

Down

-$1,171,739

Down $86,622 (-8.0%) from 2022

Liabilities

Up

$2,852,199

Up $32,769 (+1.2%) from 2022

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin42nd percentile

Revenue

Up

$410,888

Up $40,239 (+11%) from 2022

Expenses

Down

$497,510

Down $13,634 (-2.7%) from 2022

Net Income

Up

-$86,622

Up $53,873 (+38%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $2,405,502Liabilities 2011: $2,616,631Net Assets 2011: -$211,1292011Assets 2012: $2,380,934Liabilities 2012: $2,639,121Net Assets 2012: -$258,1872012Assets 2013: $2,272,469Liabilities 2013: $2,667,287Net Assets 2013: -$394,8182013Assets 2014: $2,324,145Liabilities 2014: $2,829,385Net Assets 2014: -$505,2402014Assets 2015: $2,264,923Liabilities 2015: $2,815,048Net Assets 2015: -$550,1252015Assets 2016: $2,218,696Liabilities 2016: $2,790,424Net Assets 2016: -$571,7282016Assets 2017: $2,191,230Liabilities 2017: $2,778,331Net Assets 2017: -$587,1012017Assets 2018: $2,113,061Liabilities 2018: $2,782,137Net Assets 2018: -$669,0762018Assets 2019: $2,078,166Liabilities 2019: $2,813,137Net Assets 2019: -$734,9712019Assets 2020: $1,987,297Liabilities 2020: $2,794,168Net Assets 2020: -$806,8712020Assets 2021: $1,822,949Liabilities 2021: $2,767,571Net Assets 2021: -$944,6222021Assets 2022: $1,734,313Liabilities 2022: $2,819,430Net Assets 2022: -$1,085,1172022Assets 2023: $1,680,460Liabilities 2023: $2,852,199Net Assets 2023: -$1,171,7392023Assets 2024: $1,605,132Liabilities 2024: $2,912,814Net Assets 2024: -$1,307,6822024

Highlighted filing

2023

Assets$1,680,460
Liabilities$2,852,199
Net Assets-$1,171,739
Open 2023 Filing

Operations Trend

Revenue Growth71st percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $357,3332011Expenses 2012: $372,9662012Revenue 2013: $323,922Expenses 2013: $460,553Net Income 2013: -$136,6312013Revenue 2014: $357,627Expenses 2014: $468,049Net Income 2014: -$110,4222014Revenue 2015: $365,872Expenses 2015: $410,757Net Income 2015: -$44,8852015Revenue 2016: $373,491Expenses 2016: $395,094Net Income 2016: -$21,6032016Revenue 2017: $371,344Expenses 2017: $386,717Net Income 2017: -$15,3732017Revenue 2018: $373,936Expenses 2018: $455,911Net Income 2018: -$81,9752018Revenue 2019: $396,180Expenses 2019: $462,025Net Income 2019: -$65,8452019Revenue 2020: $368,130Expenses 2020: $440,030Net Income 2020: -$71,9002020Revenue 2021: $375,623Expenses 2021: $513,374Net Income 2021: -$137,7512021Revenue 2022: $370,649Expenses 2022: $511,144Net Income 2022: -$140,4952022Revenue 2023: $410,888Expenses 2023: $497,510Net Income 2023: -$86,6222023Revenue 2024: $426,455Expenses 2024: $562,398Net Income 2024: -$135,9432024

Highlighted filing

2023

Revenue$410,888
Expenses$497,510
Net Income-$86,622
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$410,888
Mission and Program Overview

Mission

To provide and maintain affordable housing for persons and families of low income in brooklyn, new yok.

To provide and maintain affordable housing for persons and families of low income in brooklyn, new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,322,771$1,229,104▼ $93,667
Prepaid Expenses and Deferred Charges$41,695$51,077▲ $9,382
Accounts Receivable$39,255$46,566▲ $7,311
Cash and Non-Interest-Bearing Accounts$16,782$21,941▲ $5,159
Total Assets$1,734,313$1,680,460▼ $53,853
Other Assets Total$313,810$331,772▲ $17,962
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,684,565$2,677,581▼ $6,984
Accounts Payable and Accrued Expenses$109,743$144,219▲ $34,476
Escrow Account Liability$18,269$22,260▲ $3,991
Other Liabilities$5,548$5,897▲ $349
Deferred Revenue$1,305$2,242▲ $937
Total Liabilities$2,819,430$2,852,199▲ $32,769
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,085,117$-1,171,739▼ $86,622
Total Net Assets Fund Balance$-1,085,117$-1,171,739▼ $86,622
Total Liabilities and Net Assets / Fund Balance$1,734,313$1,680,460▼ $53,853

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,213,092$1,302,204$2,515,296
Equipment$0$38,324$38,324
Other Land Buildings$14,212$2,464$16,676
Land$1,800-$1,800
Other Assets Org$203,358--
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Sylvia StovallPresident
Aidan LaniganVice President
Michelle N NeugebauerExecutiver Director
Gaudi Polanco-mendozaCFO
Melodye HarveyMember
Nick RussoMember
Rd GentzlerMember
Mirian RodriquezSecretary
Harold GreenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$405,661
Investment Income
$5,047
Other Revenue
$180
Change in Net Assets
$-86,622

Audited Revenue Reconciliation

Revenue per Audited Statements
$410,888
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$410,888
Total Revenue per Form 990
$410,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$497,510
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$148,686--$148,686
Depreciation Depletion$93,667--$93,667
Insurance$52,361--$52,361
Other Expenses$34,356--$34,356
Fees for Services Management$23,668--$23,668
All Other Expenses$21,169--$21,169
Office Expenses$8,994--$8,994
Fees for Services Accounting-$8,858-$8,858
Interest$3,515--$3,515
Fees for Services Other$1,212$1,387-$2,599
Fees for Services Legal-$1,101-$1,101
Total Functional Expenses$486,164$11,346$0$497,510

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$497,510
Total Expenses per Audited Statements$497,510
Total Expenses per Form 990$497,510
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 Affiliate$5,897
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No

Governance Explanations

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

“Management reviews the 990 to obtain an understanding of the reporting requirements and to ensure it is accurate and complete. Subsequently, a copy of the draft 990 is provided to the finance committee for review. The finance committee will meet with the management to discuss the 990 and resolve any questions that may arise. The draft 990 wil then be distributed to the board of directors for review and approval. Upon approval from the board of directors the 990 will be filed.”

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

“Board members, officers and employees report annually if a conflict appears to exist, management and the board will meet with the individual to obtain all facts. Subsequently, a vote will ensure if the matter is indeed a conflict of interest. If it is found to be a conflict of interest, the individual with the conflict of interest must refrain from participating in the deliberation and decision making concerning the matter that gave rise to the conflict.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Cypress West Housing Development Fund
EIN
11-3294777
Phone
7186472800
Address
625 JAMAICA AVE, BROOKLYN, NY 11208

Signing Officer

Name
Michelle Neugebauer
Title
CEO
Phone
7186472800
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Neugebauer
Formed
1996
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Cohnreznick Llp
Address
14 SYLVAN WAY, PARSIPPANY, NJ 07054-3801
Preparer
Lori Rothe Yokobosky CPA
Phone
9732283500
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“The organization maintains security deposits as required by state law.”

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 december 31, 2023. 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. Management has analyzed the tax positions taken by the corporation and has concluded that, as of december 31, 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. 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 irs for a period of three years. While no income tax returns are currently being examined by the irs, tax years since 2020 remain open.”

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IRS990/OtherAssetsTotalGrp/BOYAmt0313810
IRS990/OtherAssetsTotalGrp/EOYAmt0331772
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt098536
IRS990/OtherExpensesGrp/ProgramServicesAmt134356
IRS990/OtherExpensesGrp/TotalAmt098536
IRS990/OtherExpensesGrp/TotalAmt134356
IRS990/OtherLiabilitiesGrp/BOYAmt05548
IRS990/OtherLiabilitiesGrp/EOYAmt05897
IRS990/OtherRevenueTotalAmt0180
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041695
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt051077
IRS990/PrincipalOfficerNm0MICHELLE NEUGEBAUER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0405661
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0405661
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02494
IRS990/PYOtherExpensesAmt0511144
IRS990/PYOtherRevenueAmt068
IRS990/PYProgramServiceRevenueAmt0368087
IRS990/PYRevenuesLessExpensesAmt0-140495
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0511144
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0370649
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-86622
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0411279
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2019 AMOUNT: $ 18,300. 2020 AMOUNT: $ 7,285. 2021 AMOUNT: $ 197. 2022 AMOUNT: $ 68. 2023 AMOUNT: $ 391.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05047
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02494
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02284
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02883
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04371
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017079
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0405841
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0368087
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0373142
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0357962
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0373509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01878541
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02494
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02284
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02883
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04371
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017079
IRS990ScheduleA/InvestmentIncomeCYPct00.00890
IRS990ScheduleA/InvestmentIncomePYPct00.00850
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0391
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt068
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0197
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt07285
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt018300
IRS990ScheduleA/OtherIncome509Grp/TotalAmt026241
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97750
IRS990ScheduleA/PublicSupportPY509Pct00.97710
IRS990ScheduleA/PublicSupportTotal509Amt01878541
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0405841
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0368087
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0373142
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0357962
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0373509
IRS990ScheduleA/Total509Grp/TotalAmt01878541
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0411279
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0370649
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0375623
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0368130
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0396180
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01921861
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01213092
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01302204
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02515296
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038324
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038324
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0497510
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt01800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01800
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08499
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt122260
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt218937
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt378718
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4203358
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4REPLACEMENT RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014212
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02464
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016676
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05897
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0410888
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS SECURITY DEPOSITS AS REQUIRED BY STATE LAW.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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 DECEMBER 31, 2023. 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. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 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 IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01229104
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0331772
IRS990ScheduleD/TotalExpensesPerForm990Amt0497510
IRS990ScheduleD/TotalLiabilityAmt05897
IRS990ScheduleD/TotalRevenuePerForm990Amt0410888
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0410888
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0497510
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0184429
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1148434
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt07081
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt16052
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018681
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt1734
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHELLE N NEUGEBAUER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GAUDI POLANCO-MENDOZA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVER DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0210191

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,680,460
Liabilities
$2,852,199
Net assets
-$1,171,739
Revenue
$410,888
Expenses
$497,510
Net income
-$86,622
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.61$2.91$1.31$0.43$0.56$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.68$2.85$1.17$0.41$0.50$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.73$2.82$1.09$0.37$0.51$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.82$2.77$0.94$0.38$0.51$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$2.79$0.81$0.37$0.44$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.08$2.81$0.73$0.40$0.46$0.07
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.11$2.78$0.67$0.37$0.46$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$2.78$0.59$0.37$0.39$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.22$2.79$0.57$0.37$0.40$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$2.82$0.55$0.37$0.41$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.32$2.83$0.51$0.36$0.47$0.11
2013Detailed filing. Detailed filing data is available for this year.$2.27$2.67$0.39$0.32$0.46$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$2.64$0.26$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$2.62$0.21$0.36