Civic Intelligence

Mount Carmel Senior Housing Development Fund Corporation

990 • Fiscal year 2017 • EIN 11-3589144

Jul 01, 2016 to Jun 30, 2017 • Filed on May 11, 2018

Organization Profilewww.ccbq.org
191 Joralemon StreetBrooklyn, NY 11201

(718) 722-6150

Siviq Scores

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

Liabilities / Assets

97th percentile

1.40x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

11.26x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

12th percentile

-21%

Higher net margin than 12% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

88th percentile

$298,454

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 40.4% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

25th percentile

-2.2%

Faster asset growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

22%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$5,938,366

Down $136,671 (-2.2%) from 2016

Net Assets

Down

-$2,387,662

Down $153,410 (-6.9%) from 2016

Liabilities

Up

$8,326,028

Up $16,739 (+0.2%) from 2016

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin12th percentile

Revenue

Up

$739,459

Up $131,004 (+22%) from 2016

Expenses

Up

$892,869

Up $132,411 (+17%) from 2016

Net Income

Down

-$153,410

Down $1,407 (-0.9%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $6,930,616Liabilities 2011: $8,251,113Net Assets 2011: -$1,320,4972011Assets 2012: $6,764,048Liabilities 2012: $8,285,635Net Assets 2012: -$1,521,5872012Assets 2013: $6,582,906Liabilities 2013: $8,267,320Net Assets 2013: -$1,684,4142013Assets 2014: $6,414,269Liabilities 2014: $8,272,640Net Assets 2014: -$1,858,3712014Assets 2015: $6,219,577Liabilities 2015: $8,301,826Net Assets 2015: -$2,082,2492015Assets 2016: $6,075,037Liabilities 2016: $8,309,289Net Assets 2016: -$2,234,2522016Assets 2017: $5,938,366Liabilities 2017: $8,326,028Net Assets 2017: -$2,387,6622017Assets 2018: $5,710,637Liabilities 2018: $8,305,375Net Assets 2018: -$2,594,7382018Assets 2019: $5,568,309Liabilities 2019: $8,338,273Net Assets 2019: -$2,769,9642019Assets 2020: $5,391,058Liabilities 2020: $8,300,274Net Assets 2020: -$2,909,2162020Assets 2021: $5,278,645Liabilities 2021: $8,270,271Net Assets 2021: -$2,991,6262021Assets 2022: $5,105,097Liabilities 2022: $8,288,379Net Assets 2022: -$3,183,2822022Assets 2023: $4,980,626Liabilities 2023: $8,351,310Net Assets 2023: -$3,370,6842023Assets 2024: $4,886,209Liabilities 2024: $8,281,286Net Assets 2024: -$3,395,0772024

Highlighted filing

2017

Assets$5,938,366
Liabilities$8,326,028
Net Assets-$2,387,662
Open 2017 Filing

Operations Trend

Revenue Growth76th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $529,484Expenses 2011: $715,507Net Income 2011: -$186,0232011Revenue 2012: $528,349Expenses 2012: $729,439Net Income 2012: -$201,0902012Revenue 2013: $574,912Expenses 2013: $737,739Net Income 2013: -$162,8272013Revenue 2014: $593,499Expenses 2014: $767,456Net Income 2014: -$173,9572014Revenue 2015: $601,595Expenses 2015: $825,473Net Income 2015: -$223,8782015Revenue 2016: $608,455Expenses 2016: $760,458Net Income 2016: -$152,0032016Revenue 2017: $739,459Expenses 2017: $892,869Net Income 2017: -$153,4102017Revenue 2018: $779,676Expenses 2018: $986,752Net Income 2018: -$207,0762018Revenue 2019: $787,944Expenses 2019: $963,170Net Income 2019: -$175,2262019Revenue 2020: $891,497Expenses 2020: $1,030,749Net Income 2020: -$139,2522020Revenue 2021: $944,186Expenses 2021: $1,026,596Net Income 2021: -$82,4102021Revenue 2022: $915,588Expenses 2022: $1,107,244Net Income 2022: -$191,6562022Revenue 2023: $1,043,735Expenses 2023: $1,231,137Net Income 2023: -$187,4022023Revenue 2024: $1,180,325Expenses 2024: $1,204,718Net Income 2024: -$24,3932024

Highlighted filing

2017

Revenue$739,459
Expenses$892,869
Net Income-$153,410
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$739,459
Mission and Program Overview

Mission

To provide safe and affordable housing to elderly and disabled persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,638,535$5,447,151▼ $191,384
Savings and Temporary Cash Investments$304,772$387,134▲ $82,362
Cash and Non-Interest-Bearing Accounts$72,460$43,360▼ $29,100
Prepaid Expenses and Deferred Charges$39,211$42,530▲ $3,319
Accounts Receivable$4,223$2,372▼ $1,851
Total Assets$6,075,037$5,938,366▼ $136,671
Other Assets Total$15,836$15,819▼ $17
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,153,400$8,153,400→ $0
Accounts Payable and Accrued Expenses$111,557$128,902▲ $17,345
Other Liabilities$44,332$43,726▼ $606
Total Liabilities$8,309,289$8,326,028▲ $16,739
Net Assets / Fund Balance
Unrestricted Net Assets$-2,234,252$-2,387,662▼ $153,410
Total Net Assets Fund Balance$-2,234,252$-2,387,662▼ $153,410
Total Liabilities and Net Assets / Fund Balance$6,075,037$5,938,366▼ $136,671

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,078,668$2,740,868$7,819,536
Land$364,936-$364,936
Equipment$3,547$62,887$66,434
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleOtherTotal
Richard SlizeskiDirector$144,588$144,588
Richard AbrahamsenSecretary/treasurer$138,876$138,876
REV MSGR Alfred P LopintoCEO$50,000$50,000

Board Members and Trustees

NameTitle
JEANNE m DIULIOPresident
Desiree ArduiniDirector
Desiree FrysonDirector
Martin SussmanDirector
Mary HursonDirector
Samira AlievaDirector
Alan WolinetzDirector/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$732,949
Investment Income
$501
Other Revenue
$6,009
Change in Net Assets
$-153,410

Audited Revenue Reconciliation

Revenue per Audited Statements
$739,459
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$739,459
Total Revenue per Form 990
$739,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$750,095
Salaries, Compensation, and Employee Benefits$142,774
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$223,403--$223,403
Depreciation Depletion$199,287--$199,287
Other Salaries and Wages$105,849--$105,849
Fees for Services Management$69,057--$69,057
Insurance$55,170--$55,170
Other Employee Benefits$28,745--$28,745
Fees for Services Accounting$348$15,825-$16,173
Office Expenses$9,640--$9,640
Payroll Taxes$8,180--$8,180
Fees for Services Other$3,830--$3,830
Advertising$3,014--$3,014
Other Expenses$1,896--$1,896
Fees for Services Legal$1,859--$1,859
All Other Expenses$576--$576
Total Functional Expenses$877,044$15,825$0$892,869

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$892,869
Total Expenses per Audited Statements$892,869
Total Expenses per Form 990$892,869
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
Dues to Affiliates$27,907
Tenant Deposits$15,819
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“PROGRESS OF PEOPLE'S DEVELOPMENT CORP is the sole member of Mount Carmel Senior HDFC.”

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

“Progress of people's development corp as the sole member of the organization, and pursuant to it's bylaws has certain rights including but not limited to electing directors and filling vacant director positions.”

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

“Progress of people's development corp as the sole member of the organization, and pursuant to the bylaws has certain rights including but not limited to (1) amend the bylaws of the corporation, (2) change the purpose of the corporation, (3) dissolve the corporation, (4) elect directors, (5) fill vacant director positions, and (6) remove directors with or without cause.”

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

“A copy of the form 990 is made available to the board. The board reviews the form 990 and when the board is satisfied the form 990 is approved for filing with the irs.”

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

“Each director, principal officer and member of a committee with board delegated powers annually signs a statement that affirms that such person (1) has received a copy of the organizations's conflict of interest policy, (2) has read and understands the policy, (3) has agreed to comply with the policy and (4) understands that the organization is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt activities. If there is an actual or preceived conflict of interest, affected individuals must recuse themselves from any discussion or deliberating process.”

Form 990, Part VI, Section C, line 19

“These documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Mount Carmel Senior Hdfc
EIN
11-3589144
Phone
7187226150
Address
191 JORALEMON STREET, BROOKLYN, NY 11201

Signing Officer

Name
jeanne M diulio
Title
President
Phone
7187226150
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
jeanne M diulio
Formed
2001
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
0
Employees
0
Volunteers
8

Preparer

Firm
Cohnreznick Llp
Address
1301 AVENUE OF THE AMERICAS, NEW YORK, NY 10019
Preparer
Thomas Lanning
Phone
2122970400
Supplemental Narrative

Additional Explanations

Form 990 part XII line 2C

“The Organization has a committee responsible for the oversight of the audit as well as the selection of the independent accountant.”

Financial Statement Notes

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 june 30, 2017. 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. 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 internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years ending on or after june 30, 2014 remain open.”

Raw XML AppendixShowing 400 of 1,366 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/MortgNotesPyblScrdInvstPropGrp/EOYAmt08153400
IRS990/NetAssetsOrFundBalancesBOYAmt0-2234252
IRS990/NetAssetsOrFundBalancesEOYAmt0-2387662
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0223403
IRS990/OccupancyGrp/TotalAmt0223403
IRS990/OfficeExpensesGrp/ProgramServicesAmt09640
IRS990/OfficeExpensesGrp/TotalAmt09640
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015836
IRS990/OtherAssetsTotalGrp/EOYAmt015819
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028745
IRS990/OtherEmployeeBenefitsGrp/TotalAmt028745
IRS990/OtherExpensesGrp/Desc0Repairs and maintenance
IRS990/OtherExpensesGrp/Desc1Administrative Rent Fre
IRS990/OtherExpensesGrp/Desc2Supplies
IRS990/OtherExpensesGrp/Desc3misc. financial expense
IRS990/OtherExpensesGrp/ProgramServicesAmt0147131
IRS990/OtherExpensesGrp/ProgramServicesAmt111664
IRS990/OtherExpensesGrp/ProgramServicesAmt27395
IRS990/OtherExpensesGrp/ProgramServicesAmt31896
IRS990/OtherExpensesGrp/TotalAmt0147131
IRS990/OtherExpensesGrp/TotalAmt111664
IRS990/OtherExpensesGrp/TotalAmt27395
IRS990/OtherExpensesGrp/TotalAmt31896
IRS990/OtherLiabilitiesGrp/BOYAmt044332
IRS990/OtherLiabilitiesGrp/EOYAmt043726
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0Tenant charges
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03618
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt12391
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03618
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12391
IRS990/OtherRevenueTotalAmt06009
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0105849
IRS990/OtherSalariesAndWagesGrp/TotalAmt0105849
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt08180
IRS990/PayrollTaxesGrp/TotalAmt08180
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039211
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt042530
IRS990/PrincipalOfficerNm0jeanne M diulio
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0732949
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0732949
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0259
IRS990/PYOtherExpensesAmt0643506
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0608196
IRS990/PYRevenuesLessExpensesAmt0-152003
IRS990/PYSalariesCompEmpBnftPaidAmt0116952
IRS990/PYTotalExpensesAmt0760458
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0608455
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-153410
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0738958
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0304772
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0387134
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TENANT CHARGES - 2012 Amount: $ 1,167. 2013 Amount: $ 247. 2014 Amount: $ 728. 2015 Amount: $ 620. 2016 Amount: $ 3,618. LAUNDRY AND VENDING - 2012 Amount: $ 1,341. 2013 Amount: $ 1,908. 2014 Amount: $ 1,723. 2015 Amount: $ 1,557. 2016 Amount: $ 2,391.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0501
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0259
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0385
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0541
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0641
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02327
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0732949
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0606019
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0598709
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0590803
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0571763
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03100243
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0501
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0259
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0385
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0541
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0641
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02327
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt06009
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02177
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02451
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02155
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02508
IRS990ScheduleA/OtherIncome509Grp/TotalAmt015300
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99430
IRS990ScheduleA/PublicSupportPY509Pct00.99910
IRS990ScheduleA/PublicSupportTotal509Amt03100243
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0732949
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0606019
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0598709
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0590803
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0571763
IRS990ScheduleA/Total509Grp/TotalAmt03100243
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0739459
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0608455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0601545
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0593499
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0574912
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03117870
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05078668
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02740868
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07819536
IRS990ScheduleD/EquipmentGrp/BookValueAmt03547
IRS990ScheduleD/EquipmentGrp/DepreciationAmt062887
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066434
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0892869
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0364936
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0364936
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027907
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115819
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUES TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0739459
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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 JUNE 30, 2017. 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. 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 INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS ENDING ON OR AFTER JUNE 30, 2014 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05447151
IRS990ScheduleD/TotalExpensesPerForm990Amt0892869
IRS990ScheduleD/TotalLiabilityAmt043726
IRS990ScheduleD/TotalRevenuePerForm990Amt0739459
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0739459
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0892869
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0148390
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1130468
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2143138
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3132783
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4136931
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt5131936
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt6276171

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,938,366
Liabilities
$8,326,028
Net assets
-$2,387,662
Revenue
$739,459
Expenses
$892,869
Net income
-$153,410
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.89$8.28$3.40$1.18$1.20$0.02
2023Detailed filing. Detailed filing data is available for this year.$4.98$8.35$3.37$1.04$1.23$0.19
2022Detailed filing. Detailed filing data is available for this year.$5.11$8.29$3.18$0.92$1.11$0.19
2021Detailed filing. Detailed filing data is available for this year.$5.28$8.27$2.99$0.94$1.03$0.08
2020Detailed filing. Detailed filing data is available for this year.$5.39$8.30$2.91$0.89$1.03$0.14
2019Detailed filing. Detailed filing data is available for this year.$5.57$8.34$2.77$0.79$0.96$0.18
2018Detailed filing. Detailed filing data is available for this year.$5.71$8.31$2.59$0.78$0.99$0.21
2017Detailed filing. Detailed filing data is available for this year.$5.94$8.33$2.39$0.74$0.89$0.15
2016Detailed filing. Detailed filing data is available for this year.$6.08$8.31$2.23$0.61$0.76$0.15
2015Summary only. Only limited summary data is available for this year.$6.22$8.30$2.08$0.60$0.83$0.22
2014Summary only. Only limited summary data is available for this year.$6.41$8.27$1.86$0.59$0.77$0.17
2013Summary only. Only limited summary data is available for this year.$6.58$8.27$1.68$0.57$0.74$0.16
2012Summary only. Only limited summary data is available for this year.$6.76$8.29$1.52$0.53$0.73$0.20
2011Summary only. Only limited summary data is available for this year.$6.93$8.25$1.32$0.53$0.72$0.19