Civic Intelligence

Monsignor Henry Reel II Senior Housing Development Fund Company Inc

EIN 11-3440265 • 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

25th percentile

0.07x

Higher debt load relative to assets than 25% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.31x

Higher debt load relative to revenue than 25% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2024

Net Margin

45th percentile

-22%

Higher net margin than 45% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

65th percentile

$0

Higher top officer pay than 65% of similar nonprofits.

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

NTEE L22 • $1M-$5M nonprofits • Source year 2024

Asset Growth

50th percentile

-3.0%

Faster asset growth than 50% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

5.3%

Faster revenue growth than 65% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,545,088

Down $78,480 (-3.0%) from 2023

Liabilities

Up

$166,692

Up $38,852 (+30%) from 2023

Net Assets

Down

$2,378,396

Down $117,332 (-4.7%) from 2023

Revenue

Up

$544,711

Up $27,602 (+5.3%) from 2023

Expenses

Up

$662,043

Up $119,009 (+22%) from 2023

Net Income

Down

-$117,332

Down $91,407 (-353%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,297,474Liabilities 2010: $97,600Net Assets 2010: $3,199,8742010Assets 2011: $3,174,911Liabilities 2011: $105,808Net Assets 2011: $3,069,1032011Assets 2012: $3,058,716Liabilities 2012: $110,147Net Assets 2012: $2,948,5692012Assets 2013: $2,991,579Liabilities 2013: $120,738Net Assets 2013: $2,870,8412013Assets 2014: $2,924,360Liabilities 2014: $111,601Net Assets 2014: $2,812,7592014Assets 2015: $2,872,888Liabilities 2015: $116,754Net Assets 2015: $2,756,1342015Assets 2016: $2,822,805Liabilities 2016: $116,512Net Assets 2016: $2,706,2932016Assets 2017: $2,783,649Liabilities 2017: $124,003Net Assets 2017: $2,659,6462017Assets 2018: $2,748,604Liabilities 2018: $134,438Net Assets 2018: $2,614,1662018Assets 2019: $2,763,967Liabilities 2019: $163,205Net Assets 2019: $2,600,7622019Assets 2020: $2,790,794Liabilities 2020: $195,382Net Assets 2020: $2,595,4122020Assets 2021: $2,692,465Liabilities 2021: $127,033Net Assets 2021: $2,565,4322021Assets 2022: $2,631,770Liabilities 2022: $110,117Net Assets 2022: $2,521,6532022Assets 2023: $2,623,568Liabilities 2023: $127,840Net Assets 2023: $2,495,7282023Assets 2024: $2,545,088Liabilities 2024: $166,692Net Assets 2024: $2,378,3962024

Highlighted filing

2024

Assets$2,545,088
Liabilities$166,692
Net Assets$2,378,396

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $323,8642010Expenses 2011: $362,2632011Revenue 2012: $228,933Expenses 2012: $349,467Net Income 2012: -$120,5342012Revenue 2013: $298,328Expenses 2013: $376,056Net Income 2013: -$77,7282013Revenue 2014: $321,585Expenses 2014: $379,667Net Income 2014: -$58,0822014Revenue 2015: $333,261Expenses 2015: $389,886Net Income 2015: -$56,6252015Revenue 2016: $331,514Expenses 2016: $381,355Net Income 2016: -$49,8412016Revenue 2017: $357,377Expenses 2017: $404,024Net Income 2017: -$46,6472017Revenue 2018: $369,164Expenses 2018: $414,644Net Income 2018: -$45,4802018Revenue 2019: $403,416Expenses 2019: $417,308Net Income 2019: -$13,8922019Revenue 2020: $424,680Expenses 2020: $430,030Net Income 2020: -$5,3502020Revenue 2021: $438,656Expenses 2021: $468,636Net Income 2021: -$29,9802021Revenue 2022: $461,159Expenses 2022: $504,938Net Income 2022: -$43,7792022Revenue 2023: $517,109Expenses 2023: $543,034Net Income 2023: -$25,9252023Revenue 2024: $544,711Expenses 2024: $662,043Net Income 2024: -$117,3322024

Highlighted filing

2024

Revenue$544,711
Expenses$662,043
Net Income-$117,332

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.55$0.17$2.38$0.54$0.66$0.12
2023Detailed filing. Detailed filing data is available for this year.$2.62$0.13$2.50$0.52$0.54$0.03
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.63$0.11$2.52$0.46$0.50$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$0.13$2.57$0.44$0.47$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.79$0.20$2.60$0.42$0.43$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.76$0.16$2.60$0.40$0.42$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.13$2.61$0.37$0.41$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.78$0.12$2.66$0.36$0.40$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.82$0.12$2.71$0.33$0.38$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.87$0.12$2.76$0.33$0.39$0.06
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.92$0.11$2.81$0.32$0.38$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$0.12$2.87$0.30$0.38$0.08
2012Summary only. Only limited summary data is available for this year.$3.06$0.11$2.95$0.23$0.35$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$0.11$3.07$0.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.10$3.20$0.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 5, 2025
Return Version
2023v6.0
Gross Receipts
$544,711
Mission and Program Overview

Mission

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

The organization owns and operates a section 202 hud financed project for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,802,736$1,850,682▲ $47,946
Cash and Non-Interest-Bearing Accounts$28,838$45,064▲ $16,226
Prepaid Expenses and Deferred Charges$7,865$9,115▲ $1,250
Savings and Temporary Cash Investments$6,431$6,677▲ $246
Accounts Receivable$2,855$1,423▼ $1,432
Total Assets$2,623,568$2,545,088▼ $78,480
Other Assets Total$774,843$632,127▼ $142,716
Liabilities
Other Liabilities$90,338$91,011▲ $673
Accounts Payable and Accrued Expenses$36,733$74,869▲ $38,136
Deferred Revenue$769$812▲ $43
Total Liabilities$127,840$166,692▲ $38,852
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,495,728$2,378,396▼ $117,332
Total Net Assets Fund Balance$2,495,728$2,378,396▼ $117,332
Total Liabilities and Net Assets / Fund Balance$2,623,568$2,545,088▼ $78,480

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,793,085$2,263,776$4,056,861
Equipment$43,338$119,435$162,773
Other Land Buildings$14,259$24,410$38,669
Other Assets Org$3,615--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$515,645
Investment Income
$28,034
Other Revenue
$1,032
Change in Net Assets
$-117,332

Audited Revenue Reconciliation

Revenue per Audited Statements
$544,711
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$544,711
Total Revenue per Form 990
$544,711
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$586,829
Salaries, Compensation, and Employee Benefits$75,214
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$135,393--$135,393
Fees for Services Management-$71,398-$71,398
Other Salaries and Wages$46,698$17,505-$64,203
Occupancy$53,195--$53,195
Insurance$46,475--$46,475
All Other Expenses$15,836$4,862-$20,698
Fees for Services Accounting-$16,750-$16,750
Other Expenses$30,266$11,474-$11,474
Fees for Services Legal-$7,104-$7,104
Other Employee Benefits$6,713--$6,713
Payroll Taxes$4,298--$4,298
Office Expenses-$495-$495
Total Functional Expenses$532,455$129,588$0$662,043

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$662,043
Total Expenses per Audited Statements$662,043
Total Expenses per Form 990$662,043
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 Sponsor$65,355
Tenant Security Deposits Payable$19,234
Due to Hud$6,422
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 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
Saint Jeanne Jugan Village Ii
EIN
11-3440265
Phone
5167337015
Address
90 CHERRY LANE, HICKSVILLE, NY 11801-6232

Signing Officer

Name
Richard Balcom
Title
Treasurer
Phone
5167337015
Signed
2025-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Balcom
Formed
2001
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 669 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/Desc0ON A NOT-FOR-PROFIT BASIS, THE CORPORATION PROVIDES 43 UNITS OF AFFORDABLE RENTAL HOUSING FOR PERSONS OF LIMITED MEANS IN MEDFORD, NEW YORK, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.
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IRS990/OccupancyGrp/ProgramServicesAmt053195
IRS990/OccupancyGrp/TotalAmt053195
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0495
IRS990/OfficeExpensesGrp/TotalAmt0495
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0774843
IRS990/OtherAssetsTotalGrp/EOYAmt0632127
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06713
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06713
IRS990/OtherExpensesGrp/Desc0SECURITY
IRS990/OtherExpensesGrp/Desc1GROUNDS CONTRACT
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BOOKKEEPING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011474
IRS990/OtherExpensesGrp/ProgramServicesAmt0154636
IRS990/OtherExpensesGrp/ProgramServicesAmt138945
IRS990/OtherExpensesGrp/ProgramServicesAmt230266
IRS990/OtherExpensesGrp/TotalAmt0154636
IRS990/OtherExpensesGrp/TotalAmt138945
IRS990/OtherExpensesGrp/TotalAmt230266
IRS990/OtherExpensesGrp/TotalAmt311474
IRS990/OtherLiabilitiesGrp/BOYAmt090338
IRS990/OtherLiabilitiesGrp/EOYAmt091011
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY/VENDING
IRS990/OtherRevenueMiscGrp/ExclusionAmt01032
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01032
IRS990/OtherRevenueTotalAmt01032
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017505
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt046698
IRS990/OtherSalariesAndWagesGrp/TotalAmt064203
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt04298
IRS990/PayrollTaxesGrp/TotalAmt04298
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07865
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09115
IRS990/PrincipalOfficerNm0RICHARD BALCOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0SUBSIDY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0298766
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1216879
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0298766
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1216879
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt027104
IRS990/PYOtherExpensesAmt0475260
IRS990/PYOtherRevenueAmt02380
IRS990/PYProgramServiceRevenueAmt0487625
IRS990/PYRevenuesLessExpensesAmt0-25925
IRS990/PYSalariesCompEmpBnftPaidAmt067774
IRS990/PYTotalExpensesAmt0543034
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0517109
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-117332
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0515645
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06431
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06677
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt028034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt027104
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03410
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0632
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04179
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt063359
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0515645
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0487625
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0456468
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0436883
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0419469
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02316090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt028034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt027104
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03410
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0632
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04179
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt063359
IRS990ScheduleA/InvestmentIncomeCYPct00.02660
IRS990ScheduleA/InvestmentIncomePYPct00.02030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01032
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02380
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01281
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01141
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01032
IRS990ScheduleA/OtherIncome509Grp/TotalAmt06866
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97060
IRS990ScheduleA/PublicSupportPY509Pct00.97670
IRS990ScheduleA/PublicSupportTotal509Amt02316090
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0515645
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0487625
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0456468
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0436883
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0419469
IRS990ScheduleA/Total509Grp/TotalAmt02316090
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0544711
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0517109
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0461159
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0438656
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0424680
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02386315
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01793085
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02263776
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04056861
IRS990ScheduleD/EquipmentGrp/BookValueAmt043338
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0119435
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0162773
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0662043
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt019234
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1491570
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt217172
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3100536
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt43615
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESERVE FOR REPLACEMENTS-ACCRUED INTEREST
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014259
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt024410
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt038669
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt065355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119234
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26422
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SPONSOR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO HUD
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0544711
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/TotalBookValueLandBuildingsAmt01850682
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0632127
IRS990ScheduleD/TotalExpensesPerForm990Amt0662043
IRS990ScheduleD/TotalLiabilityAmt091011
IRS990ScheduleD/TotalRevenuePerForm990Amt0544711
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0544711
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0662043
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 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/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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140

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