Civic Intelligence

Mason Housing Inc

990 • Fiscal year 2017 • EIN 11-3819953

Apr 01, 2016 to Mar 31, 2017 • Filed on Jul 17, 2017

Organization ProfileN/A
4350 staffordshire laneFairfax, VA 22030

(703) 993-9467

Siviq Scores

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

Liabilities / Assets

99th percentile

1.66x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

14.02x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

9th percentile

-21%

Higher net margin than 9% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

16th percentile

-3.6%

Faster asset growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

37th percentile

1.2%

Faster revenue growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$30,875,696

Down $1,144,709 (-3.6%) from 2016

Net Assets

Up

-$20,228,594

Up $2,837,359 (+12%) from 2016

Liabilities

Down

$51,104,290

Down $3,982,068 (-7.2%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin9th percentile

Revenue

Up

$3,646,040

Up $43,738 (+1.2%) from 2016

Expenses

Down

$4,424,806

Down $53,720 (-1.2%) from 2016

Net Income

Up

-$778,766

Up $97,458 (+11%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$100M$50M$0-$50MAssets 2012: $35,990,182Liabilities 2012: $52,282,734Net Assets 2012: -$16,292,5522012Assets 2013: $34,885,957Liabilities 2013: $52,703,427Net Assets 2013: -$17,817,4702013Assets 2014: $33,967,094Liabilities 2014: $49,662,468Net Assets 2014: -$15,695,3742014Assets 2015: $32,928,573Liabilities 2015: $54,226,685Net Assets 2015: -$21,298,1122015Assets 2016: $32,020,405Liabilities 2016: $55,086,358Net Assets 2016: -$23,065,9532016Assets 2017: $30,875,696Liabilities 2017: $51,104,290Net Assets 2017: -$20,228,5942017Assets 2018: $29,924,730Liabilities 2018: $48,956,176Net Assets 2018: -$19,031,4462018Assets 2019: $27,945,412Liabilities 2019: $48,421,041Net Assets 2019: -$20,475,6292019Assets 2020: $26,976,216Liabilities 2020: $54,180,118Net Assets 2020: -$27,203,9022020Assets 2021: $25,628,360Liabilities 2021: $48,140,493Net Assets 2021: -$22,512,1332021Assets 2022: $24,839,248Liabilities 2022: $45,397,168Net Assets 2022: -$20,557,9202022Assets 2023: $24,275,293Liabilities 2023: $41,373,258Net Assets 2023: -$17,097,9652023Assets 2024: $1,352,448Liabilities 2024: $22,953Net Assets 2024: $1,329,4952024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2017

Assets$30,875,696
Liabilities$51,104,290
Net Assets-$20,228,594
Open 2017 Filing

Operations Trend

Revenue Growth37th percentile

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

$30M$20M$10M$0-$10MRevenue 2012: $3,227,787Expenses 2012: $4,998,850Net Income 2012: -$1,771,0632012Revenue 2013: $3,286,364Expenses 2013: $4,535,014Net Income 2013: -$1,248,6502013Revenue 2014: $3,434,786Expenses 2014: $4,645,690Net Income 2014: -$1,210,9042014Revenue 2015: $3,454,670Expenses 2015: $4,348,294Net Income 2015: -$893,6242015Revenue 2016: $3,602,302Expenses 2016: $4,478,526Net Income 2016: -$876,2242016Revenue 2017: $3,646,040Expenses 2017: $4,424,806Net Income 2017: -$778,7662017Revenue 2018: $3,775,183Expenses 2018: $4,414,072Net Income 2018: -$638,8892018Revenue 2019: $3,834,104Expenses 2019: $4,455,139Net Income 2019: -$621,0352019Revenue 2020: $3,996,811Expenses 2020: $4,562,092Net Income 2020: -$565,2812020Revenue 2021: $3,529,693Expenses 2021: $4,140,090Net Income 2021: -$610,3972021Revenue 2022: $3,905,662Expenses 2022: $4,384,090Net Income 2022: -$478,4282022Revenue 2023: $4,479,767Expenses 2023: $4,599,560Net Income 2023: -$119,7932023Revenue 2024: $24,484,897Expenses 2024: $1,795,900Net Income 2024: $22,688,9972024Revenue 2025: $75,605Expenses 2025: $1,405,100Net Income 2025: -$1,329,4952025

Highlighted filing

2017

Revenue$3,646,040
Expenses$4,424,806
Net Income-$778,766
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Jul 17, 2017
Return Version
2016v3.1
Gross Receipts
$3,646,010
Mission and Program Overview

Mission

In an effort to advance the mission of the university, mason housing provides affordable multi-family housing for george mason university's faculty, staff, graduate students and affiliates, and fairfax county and city employees.

MASON HOUSING PROVIDES AFFORDABLE MULTI- family housing for george MASON UNIVERSITY'S FACULTY, STAFF, graduate students, affiliates and fairfax county and city employees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,779,059$23,883,878▼ $895,181
Savings and Temporary Cash Investments$5,902,682$5,713,873▼ $188,809
Prepaid Expenses and Deferred Charges$22,742$2,742▼ $20,000
Accounts Receivable$751$908▲ $157
Cash and Non-Interest-Bearing Accounts$250$250→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$32,020,405$30,875,696▼ $1,144,709
Other Assets Total$1,314,921$1,274,045▼ $40,876
Liabilities
Mortgage Notes Payable Secured by Investment Property$39,300,000$39,110,000▼ $190,000
Other Liabilities$15,110,490$11,505,485▼ $3,605,005
Accounts Payable and Accrued Expenses$629,085$451,668▼ $177,417
Deferred Revenue$46,783$37,137▼ $9,646
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$55,086,358$51,104,290▼ $3,982,068
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-23,065,953$-20,228,594▲ $2,837,359
Total Net Assets Fund Balance$-23,065,953$-20,228,594▲ $2,837,359
Total Liabilities and Net Assets / Fund Balance$32,020,405$30,875,696▼ $1,144,709

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,577,049$7,744,073$31,583,630
Other Land Buildings$43,969$110,895$154,864
Equipment$610$32,398$32,750
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
paul kylechairman/president
jon petersonvice chairman/secretary
Cody EdwardsDirector
John MasonDirector
Justine FitzgeraldDirector
Scott PleinDirector
Thomas CalhounDirector
kenneth balldirector
kathleen mckaytreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,054
Other Revenue
$3,644,986
Change in Net Assets
$-778,766

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,646,040
Revenue Not Reported on Form 990
$3,616,125
Total Revenue per Audited Statements
$7,262,165
Total Revenue per Form 990
$3,646,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,424,806
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
Interest$2,020,659--$2,020,659
Depreciation Depletion$1,184,263--$1,184,263
Payments to Affiliates$400,000--$400,000
Fees for Services Management$109,886--$109,886
Insurance$81,900--$81,900
Fees for Services Legal-$61,403-$61,403
Office Expenses-$45,752-$45,752
Advertising$17,005--$17,005
Fees for Services Accounting-$12,545-$12,545
Other Expenses$1,355--$1,355
Total Functional Expenses$4,305,106$119,700$0$4,424,806

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,424,806
Total Expenses per Audited Statements$4,424,806
Total Expenses per Form 990$4,424,806
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Liability$11,247,118
Accrued Interest$167,492
Tenant Security Deposits Liabi$90,875
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 19

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

Form 990, Part VI, Line 11B

“The form 990 is circulated to the board for review and comment. The executive director reviews it and compiles any questions or items which require clarification, and reissues a final draft to the board of directors prior to filing with the irs.”

FORM 990, PART VI, LINE 12C

“Each director, officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflict of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the organization is a charitable organization and, in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

Form 990, Part VI, Line 15B

“Mason housing does not have any paid employees.”

FORM 990, PART VI,Sec A LINE 2 - family or business relationship

“four OF THE NINE DIRECTORS OF MHI ARE APPOINTED BY THE PRESIDENT OF GEORGE MASON UNIVERSITY. THE APPOINTED DIRECTORS ARE CLASSIFIED AS CLASS A DIRECTORS. CURRENTLY Three OF THE four CLASS A DIRECTORS ARE EMPLOYEES OF GEORGE MASON UNIVERSITY.”

FORM 990, PART VI, LINE 3 delegation of control over management duites

“Mhi uses a management company to oversee the management of the property.”

Filing and Contact Details

Filer

Filer Name
Mason Housing Inc
EIN
11-3819953
In Care Of
% JODY WINTER
Phone
7039939467
Address
4350 staffordshire lane, FAIRFAX, VA 22030

Signing Officer

Name
Paul Kyle
Title
officer
Phone
7039939467
Signed
2017-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
paul kyle
Formed
2007
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE 400E, BETHESDA, MD 20814-6583
Preparer
Ed Ryan CPA Partner
Phone
3016529100
Supplemental Narrative

Additional Explanations

FORM 990, PART IV, LINE 7A power to appoint members of governing body

“four OF THE NINE DIRECTORS OF MHI ARE APPOINTED BY THE PRESIDENT OF GEORGE MASON UNIVERSITY.”

Financial Statement Notes

Fin 48

“In accordance with authoritative guidance on accounting for uncertainty in income taxes issued by the fasb, management has evaluated the organization's tax positions and has concluded that the organization has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance.”

reconciliation of revenue per financials with revenue per return

“Unrealized gain on interest rate swap = 3,616,125”

Raw XML AppendixShowing 400 of 511 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/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt02020659
IRS990/InterestGrp/TotalAmt02020659
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01054
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01054
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07887366
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024779059
IRS990/LandBldgEquipBasisNetGrp/EOYAmt023883878
IRS990/LandBldgEquipCostOrOtherBssAmt031771244
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0IN AN EFFORT TO ADVANCE THE MISSION OF THE UNIVERSITY, MASON HOUSING PROVIDES AFFORDABLE MULTI-FAMILY HOUSING FOR GEORGE MASON UNIVERSITY'S FACULTY, STAFF, GRADUATE STUDENTS AND AFFILIATES, AND FAIRFAX COUNTY AND CITY EMPLOYEES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt039300000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt039110000
IRS990/NetAssetsOrFundBalancesBOYAmt0-23065953
IRS990/NetAssetsOrFundBalancesEOYAmt0-20228594
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt03644986
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt03644986
IRS990/NetUnrlzdGainsLossesInvstAmt03616125
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt045752
IRS990/OfficeExpensesGrp/TotalAmt045752
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01314921
IRS990/OtherAssetsTotalGrp/EOYAmt01274045
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2MAINTENANCE
IRS990/OtherExpensesGrp/Desc3MISC FINANCE EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0311054
IRS990/OtherExpensesGrp/ProgramServicesAmt122691
IRS990/OtherExpensesGrp/ProgramServicesAmt2156293
IRS990/OtherExpensesGrp/ProgramServicesAmt31355
IRS990/OtherExpensesGrp/TotalAmt0311054
IRS990/OtherExpensesGrp/TotalAmt122691
IRS990/OtherExpensesGrp/TotalAmt2156293
IRS990/OtherExpensesGrp/TotalAmt31355
IRS990/OtherLiabilitiesGrp/BOYAmt015110490
IRS990/OtherLiabilitiesGrp/EOYAmt011505485
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0400000
IRS990/PaymentsToAffiliatesGrp/TotalAmt0400000
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022742
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02742
IRS990/PrincipalOfficerNm0paul kyle
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0400
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04478526
IRS990/PYOtherRevenueAmt03601902
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-876224
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04478526
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03602302
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-778766
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt03644986
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03664986
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05902682
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05713873
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01054
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0400
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0395
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0655
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0853
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03357
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03644986
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03601902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03454275
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03434131
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03285511
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt017420805
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0400
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0395
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0655
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0853
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03357
IRS990ScheduleA/InvestmentIncomeCYPct00.00019
IRS990ScheduleA/InvestmentIncomePYPct00.00019
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99981
IRS990ScheduleA/PublicSupportPY509Pct00.99981
IRS990ScheduleA/PublicSupportTotal509Amt017420805
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03644986
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03601902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03454275
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03434131
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03285511
IRS990ScheduleA/Total509Grp/TotalAmt017420805
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03646040
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03602302
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03454670
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03434786
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03286364
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt017424162
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt023577049
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07744073
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt031583630
IRS990ScheduleD/EquipmentGrp/BookValueAmt0610
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032398
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt032750
IRS990ScheduleD/ExpensesSubtotalAmt04424806
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03616125
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt043969
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0110895
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0154864
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt090875
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111247118
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2167492
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS LIABI
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTEREST RATE SWAP LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/RevenueNotReportedAmt03616125
IRS990ScheduleD/RevenueSubtotalAmt03646040
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ISSUED BY THE FASB, MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND HAS CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Unrealized gain on interest rate swap = 3,616,125
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FIN 48
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1reconciliation of revenue per financials with revenue per return

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Filings

Displayed year

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

Open filing
Assets
$30,875,696
Liabilities
$51,104,290
Net assets
-$20,228,594
Revenue
$3,646,040
Expenses
$4,424,806
Net income
-$778,766
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.08$1.41$1.33
2024Detailed filing. Detailed filing data is available for this year.$1.35$0.02$1.33$24.5$1.80$22.7
2023Detailed filing. Detailed filing data is available for this year.$24.3$41.4$17.1$4.48$4.60$0.12
2022Detailed filing. Detailed filing data is available for this year.$24.8$45.4$20.6$3.91$4.38$0.48
2021Detailed filing. Detailed filing data is available for this year.$25.6$48.1$22.5$3.53$4.14$0.61
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.0$54.2$27.2$4.00$4.56$0.57
2019Detailed filing. Detailed filing data is available for this year.$27.9$48.4$20.5$3.83$4.46$0.62
2018Detailed filing. Detailed filing data is available for this year.$29.9$49.0$19.0$3.78$4.41$0.64
2017Detailed filing. Detailed filing data is available for this year.$30.9$51.1$20.2$3.65$4.42$0.78
2016Detailed filing. Detailed filing data is available for this year.$32.0$55.1$23.1$3.60$4.48$0.88
2015Detailed filing. Detailed filing data is available for this year.$32.9$54.2$21.3$3.45$4.35$0.89
2014Detailed filing. Detailed filing data is available for this year.$34.0$49.7$15.7$3.43$4.65$1.21
2013Summary only. Only limited summary data is available for this year.$34.9$52.7$17.8$3.29$4.54$1.25
2012Summary only. Only limited summary data is available for this year.$36.0$52.3$16.3$3.23$5.00$1.77