Civic Intelligence

Cabrini Gardens Senior Housing Development Fund Company Inc.

990 • Fiscal year 2016 • EIN 11-3623397

Oct 01, 2015 to Sep 30, 2016 • Filed on Jan 14, 2017

Organization ProfileN/A
90 Cherry LaneHicksville, NY 11801-6232

(516) 733-7032

Siviq Scores

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

Liabilities / Assets

10th percentile

0.02x

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

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

16th percentile

0.24x

Higher debt load relative to revenue than 16% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Net Margin

18th percentile

-30%

Higher net margin than 18% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Asset Growth

34th percentile

-2.0%

Faster asset growth than 34% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

67th percentile

4.3%

Faster revenue growth than 67% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets10th percentile

Assets

Down

$11,506,576

Down $232,944 (-2.0%) from 2015

Net Assets

Down

$11,329,253

Down $217,702 (-1.9%) from 2015

Liabilities

Down

$177,323

Down $15,242 (-7.9%) from 2015

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin18th percentile

Revenue

Up

$736,359

Up $30,666 (+4.3%) from 2015

Expenses

Up

$954,061

Up $57,983 (+6.5%) from 2015

Net Income

Down

-$217,702

Down $27,317 (-14%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$15M$10M$5.0M$0Assets 2010: $11,624,326Liabilities 2010: $792,615Net Assets 2010: $10,831,7112010Assets 2011: $14,564,521Liabilities 2011: $2,062,013Net Assets 2011: $12,502,5082011Assets 2012: $13,333,195Liabilities 2012: $982,008Net Assets 2012: $12,351,1872012Assets 2013: $12,193,197Liabilities 2013: $91,237Net Assets 2013: $12,101,9602013Assets 2014: $11,906,984Liabilities 2014: $169,644Net Assets 2014: $11,737,3402014Assets 2015: $11,739,520Liabilities 2015: $192,565Net Assets 2015: $11,546,9552015Assets 2016: $11,506,576Liabilities 2016: $177,323Net Assets 2016: $11,329,2532016Assets 2017: $11,200,391Liabilities 2017: $67,537Net Assets 2017: $11,132,8542017Assets 2018: $11,020,538Liabilities 2018: $93,915Net Assets 2018: $10,926,6232018Assets 2019: $10,780,080Liabilities 2019: $85,353Net Assets 2019: $10,694,7272019Assets 2020: $10,527,030Liabilities 2020: $92,517Net Assets 2020: $10,434,5132020Assets 2021: $10,257,389Liabilities 2021: $90,263Net Assets 2021: $10,167,1262021Assets 2022: $10,009,134Liabilities 2022: $71,233Net Assets 2022: $9,937,9012022Assets 2023: $9,902,639Liabilities 2023: $108,876Net Assets 2023: $9,793,7632023Assets 2024: $9,653,473Liabilities 2024: $100,884Net Assets 2024: $9,552,5892024

Highlighted filing

2016

Assets$11,506,576
Liabilities$177,323
Net Assets$11,329,253
Open 2016 Filing

Operations Trend

Revenue Growth67th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $02010Revenue 2011: $2,871,325Expenses 2011: $1,200,528Net Income 2011: $1,670,7972011Expenses 2012: $787,8962012Revenue 2013: $602,887Expenses 2013: $852,114Net Income 2013: -$249,2272013Revenue 2014: $597,089Expenses 2014: $961,709Net Income 2014: -$364,6202014Revenue 2015: $705,693Expenses 2015: $896,078Net Income 2015: -$190,3852015Revenue 2016: $736,359Expenses 2016: $954,061Net Income 2016: -$217,7022016Revenue 2017: $747,619Expenses 2017: $944,018Net Income 2017: -$196,3992017Revenue 2018: $759,488Expenses 2018: $965,719Net Income 2018: -$206,2312018Revenue 2019: $784,137Expenses 2019: $1,016,173Net Income 2019: -$232,0362019Revenue 2020: $788,713Expenses 2020: $1,048,927Net Income 2020: -$260,2142020Revenue 2021: $849,879Expenses 2021: $1,117,266Net Income 2021: -$267,3872021Revenue 2022: $919,351Expenses 2022: $1,148,576Net Income 2022: -$229,2252022Revenue 2023: $1,039,122Expenses 2023: $1,183,260Net Income 2023: -$144,1382023Revenue 2024: $1,053,658Expenses 2024: $1,294,832Net Income 2024: -$241,1742024

Highlighted filing

2016

Revenue$736,359
Expenses$954,061
Net Income-$217,702
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jan 14, 2017
Return Version
2015v3.0
Gross Receipts
$736,359
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$11,132,412$10,839,395▼ $293,017
Cash and Non-Interest-Bearing Accounts$106,816$95,864▼ $10,952
Prepaid Expenses and Deferred Charges$7,271$9,469▲ $2,198
Accounts Receivable$3,660$4,247▲ $587
Total Assets$11,739,520$11,506,576▼ $232,944
Other Assets Total$489,361$557,601▲ $68,240
Liabilities
Other Liabilities$124,987$126,275▲ $1,288
Accounts Payable and Accrued Expenses$66,779$49,264▼ $17,515
Deferred Revenue$799$1,784▲ $985
Total Liabilities$192,565$177,323▼ $15,242
Net Assets / Fund Balance
Unrestricted Net Assets$11,546,955$11,329,253▼ $217,702
Total Net Assets Fund Balance$11,546,955$11,329,253▼ $217,702
Total Liabilities and Net Assets / Fund Balance$11,739,520$11,506,576▼ $232,944

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,108,496$1,559,543$11,668,039
Land$700,000-$700,000
Other Land Buildings$22,649$33,334$55,983
Equipment$8,250$8,399$16,649
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Laura a CassellPresident
Gary CreganTrustee
Maryann FitzgeraldTrustee
Robert BrennanTrustee
Robert J Ahlstrom JrTrustee
Steven PietrowskiTrustee
William G ChapinTrustee
Richard BalcomTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$731,524
Investment Income
$1,918
Other Revenue
$2,917
Change in Net Assets
$-217,702

Audited Revenue Reconciliation

Revenue per Audited Statements
$736,359
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$736,359
Total Revenue per Form 990
$736,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$808,480
Salaries, Compensation, and Employee Benefits$145,581
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$304,865--$304,865
Other Salaries and Wages$70,266$20,797-$91,063
Fees for Services Management-$60,382-$60,382
Insurance$55,919--$55,919
Other Employee Benefits$48,411--$48,411
Occupancy$46,887--$46,887
All Other Expenses$30,104--$30,104
Fees for Services Accounting-$15,800-$15,800
Other Expenses$37,774$13,885-$13,885
Fees for Services Legal-$9,754-$9,754
Payroll Taxes$6,107--$6,107
Office Expenses-$594-$594
Total Functional Expenses$832,849$121,212$0$954,061

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$954,061
Total Expenses per Audited Statements$954,061
Total Expenses per Form 990$954,061
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 ST. JOSEPH'S VILLAGE$100,000
Tenant Security Deposits Payable$26,275
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The project entered into a contract with an independent management company which handles the operation of the buildling, all building related services, all tenant needs and services, as well as all legal, financial and other matters. All salaries are paid through this independent management company which files all related payroll tax returns.”

Form 990, Part VI, Section A, Line 6

“The organization has a sole corporate member, which is also a tax exempt entity.”

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

“The sole corporate member has the ability to elect the board of directors.”

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

“The sole corporate member has reserved powers to: amend the charter and by-laws, approve a sale, lease, mortgage, or pledge any real property, remove or elect members of the board of directors and appoint officers of the corporation.”

Form 990, Part VI, Section B, Line 11

“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
Cabrini Gardens Senior Housing
EIN
11-3623397
Phone
5167337032
Address
90 CHERRY LANE, HICKSVILLE, NY 11801-6232

Signing Officer

Name
Richard Balcom
Title
Treasurer
Phone
5167337032
Signed
2017-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Balcom
Formed
2004
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
D'ARCANGELO & CO LLP
Address
800 WESTCHESTER AVE SUITE N-400, RYE BROOK, NY 10573-1301
Preparer
Vincent P Pancaldo
Phone
9146944600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has annual board meetings to review and approve its audited financial statements. The board also approves the selection of an independent accountant.”

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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11333
IRS990/OtherRevenueTotalAmt02917
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020797
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt070266
IRS990/OtherSalariesAndWagesGrp/TotalAmt091063
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt06107
IRS990/PayrollTaxesGrp/TotalAmt06107
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07271
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09469
IRS990/PrincipalOfficerNm0RICHARD BALCOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0HOUSING ASSISTANCE PAY
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0493787
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1237737
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0493787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1237737
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02324
IRS990/PYOtherExpensesAmt0776633
IRS990/PYOtherRevenueAmt01803
IRS990/PYProgramServiceRevenueAmt0701566
IRS990/PYRevenuesLessExpensesAmt0-190385
IRS990/PYSalariesCompEmpBnftPaidAmt0119445
IRS990/PYTotalExpensesAmt0896078
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0705693
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-217702
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0731524
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01918
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02324
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02445
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02007
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01201
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09895
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0731524
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0701566
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0593060
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0598310
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0598966
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03223426
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01918
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02324
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02445
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02007
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01201
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09895
IRS990ScheduleA/InvestmentIncomeCYPct00.00300
IRS990ScheduleA/InvestmentIncomePYPct00.00260
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02917
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01803
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01584
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02570
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08276
IRS990ScheduleA/OtherIncome509Grp/TotalAmt017150
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99170
IRS990ScheduleA/PublicSupportPY509Pct00.99320
IRS990ScheduleA/PublicSupportTotal509Amt03223426
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0731524
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0701566
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0593060
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0598310
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0598966
IRS990ScheduleA/Total509Grp/TotalAmt03223426
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0736359
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0705693
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0597089
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0602887
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0608443
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03250471
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt010108496
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01559543
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011668039
IRS990ScheduleD/EquipmentGrp/BookValueAmt08250
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08399
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016649
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0954061
IRS990ScheduleD/LandGrp/BookValueAmt0700000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0700000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022649
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt033334
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055983
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026275
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO ST. JOSEPH'S VILLAGE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0736359
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010839395
IRS990ScheduleD/TotalExpensesPerForm990Amt0954061
IRS990ScheduleD/TotalLiabilityAmt0126275
IRS990ScheduleD/TotalRevenuePerForm990Amt0736359
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0736359
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0954061
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT ENTERED INTO A CONTRACT WITH AN INDEPENDENT MANAGEMENT COMPANY WHICH HANDLES THE OPERATION OF THE BUILDLING, ALL BUILDING RELATED SERVICES, ALL TENANT NEEDS AND SERVICES, AS WELL AS ALL LEGAL, FINANCIAL AND OTHER MATTERS. ALL SALARIES ARE PAID THROUGH THIS INDEPENDENT MANAGEMENT COMPANY WHICH FILES ALL RELATED PAYROLL TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A SOLE CORPORATE MEMBER, WHICH IS ALSO A TAX EXEMPT ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE CORPORATE MEMBER HAS THE ABILITY TO ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SOLE CORPORATE MEMBER HAS RESERVED POWERS TO: AMEND THE CHARTER AND BY-LAWS, APPROVE A SALE, LEASE, MORTGAGE, OR PLEDGE ANY REAL PROPERTY, REMOVE OR ELECT MEMBERS OF THE BOARD OF DIRECTORS AND APPOINT OFFICERS OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DISTRIBUTES A DRAFT COPY OF THE IRS FORM 990 TO ITS BOARD MEMBERS TO REVIEW; WHO THEN ARE PROVIDED AN OPPORTUNITY TO MAKE COMMENTS OR INQUIRIES. APPROPRIATE RESPONSES ARE GIVEN TO THEIR SATISFACTION. THE BOARD APPROVES THE FILING OF THE FORM AT A MEETING HELD PRIOR TO ITS DUE DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUAL UPDATES ARE REQUESTED IN WRITING FROM THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO BOARD MEMBERS OR OFFICERS RECEIVE ANY COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST ON AN AS NEEDED BASIS AS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD OF DIRECTORS PERFORM GOVERNANCE AND OTHER SERVICES THROUGHOUT THE YEAR FOR THE HOUSING ENTITIES LISTED IN SCHEDULE R, PART II, FOR NO COMPENSATION. THE HOURS LISTED ON PAGE 7, PART VII, SECTION A, COLUMN B, ARE ESTIMATES OF THE AVERAGE WEEKLY COMBINED HOURS WORKED ON ALL OF THESE ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE ORGANIZATION HAS ANNUAL BOARD MEETINGS TO REVIEW AND APPROVE ITS AUDITED FINANCIAL STATEMENTS. THE BOARD ALSO APPROVES THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VII, SECTION A, COLUMN B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd8N/A

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,506,576
Liabilities
$177,323
Net assets
$11,329,253
Revenue
$736,359
Expenses
$954,061
Net income
-$217,702
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.65$0.10$9.55$1.05$1.29$0.24
2023Detailed filing. Detailed filing data is available for this year.$9.90$0.11$9.79$1.04$1.18$0.14
2022Detailed filing. Detailed filing data is available for this year.$10.0$0.07$9.94$0.92$1.15$0.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.09$10.2$0.85$1.12$0.27
2020Detailed filing. Detailed filing data is available for this year.$10.5$0.09$10.4$0.79$1.05$0.26
2019Detailed filing. Detailed filing data is available for this year.$10.8$0.09$10.7$0.78$1.02$0.23
2018Detailed filing. Detailed filing data is available for this year.$11.0$0.09$10.9$0.76$0.97$0.21
2017Detailed filing. Detailed filing data is available for this year.$11.2$0.07$11.1$0.75$0.94$0.20
2016Detailed filing. Detailed filing data is available for this year.$11.5$0.18$11.3$0.74$0.95$0.22
2015Detailed filing. Detailed filing data is available for this year.$11.7$0.19$11.5$0.71$0.90$0.19
2014Detailed filing. Detailed filing data is available for this year.$11.9$0.17$11.7$0.60$0.96$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$0.09$12.1$0.60$0.85$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$0.98$12.4$0.79
2011Summary only. Only limited summary data is available for this year.$14.6$2.06$12.5$2.87$1.20$1.67
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$0.79$10.8$0.00