Civic Intelligence

Mason Housing Inc

990 • Fiscal year 2020 • EIN 11-3819953

Apr 01, 2019 to Mar 31, 2020 • Filed on Jul 21, 2020

Organization ProfileN/A
4350 Staffordshire LaneFairfax, VA 22030

(703) 518-4588

Siviq Scores

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

Liabilities / Assets

99th percentile

2.01x

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

13.56x

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

15th percentile

-14%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

14th percentile

-3.5%

Faster asset growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

4.2%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$26,976,216

Down $969,196 (-3.5%) from 2019

Net Assets

Down

-$27,203,902

Down $6,728,273 (-33%) from 2019

Liabilities

Up

$54,180,118

Up $5,759,077 (+12%) from 2019

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin15th percentile

Revenue

Up

$3,996,811

Up $162,707 (+4.2%) from 2019

Expenses

Up

$4,562,092

Up $106,953 (+2.4%) from 2019

Net Income

Up

-$565,281

Up $55,754 (+9.0%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2020

Assets$26,976,216
Liabilities$54,180,118
Net Assets-$27,203,902
Open 2020 Filing

Operations Trend

Revenue Growth54th 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

2020

Revenue$3,996,811
Expenses$4,562,092
Net Income-$565,281
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2019 to Mar 31, 2020
Signed
Jul 21, 2020
Return Version
2019v5.0
Gross Receipts
$3,996,811
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$21,950,250$20,926,624▼ $1,023,626
Savings and Temporary Cash Investments$5,993,104$6,044,492▲ $51,388
Accounts Receivable-$3,042-
Prepaid Expenses and Deferred Charges$2,058$2,058→ $0
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$27,945,412$26,976,216▼ $969,196
Other Assets Total-$0-
Liabilities
Tax Exempt Bond Liabilities$37,401,904$37,071,297▼ $330,607
Other Liabilities$10,506,766$16,623,071▲ $6,116,305
Accounts Payable and Accrued Expenses$488,967$472,791▼ $16,176
Deferred Revenue$23,404$12,959▼ $10,445
Total Liabilities$48,421,041$54,180,118▲ $5,759,077
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-20,475,629$-27,203,902▼ $6,728,273
Total Net Assets Fund Balance$-20,475,629$-27,203,902▼ $6,728,273
Total Liabilities and Net Assets / Fund Balance$27,945,412$26,976,216▼ $969,196

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,901,845$10,839,355$31,741,200
Equipment$24,779$549,705$574,484
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Paul KyleChairman/PRESID
Jon PetersonV- Chairman/sec
John MasonDirector
Justine FitzgeraldDirector
Kenneth BallDirector
Laurence BrayDirector
Monica MichaudDirector
Scott PleinDirector
Thomas CalhounDirector
Kathleen MckayTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lincoln Apartment Management LPLeasing & Management Serv200 FAIRBROOK DRIVE STE 101, Herndon, VA 20170$116,169
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,933,618
Investment Income
$63,193
Other Revenue
$0
Change in Net Assets
$-565,281

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,996,811
Revenue Not Reported on Form 990
$-6,162,992
Total Revenue per Audited Statements
$-2,166,181
Total Revenue per Form 990
$3,996,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,562,092
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$2,048,970--$2,048,970
Depreciation Depletion$1,193,603--$1,193,603
Payments to Affiliates$430,756--$430,756
Fees for Services Management$117,842--$117,842
Insurance$69,399--$69,399
Fees for Services Other-$55,111-$55,111
Office Expenses-$54,185-$54,185
Other Expenses$19,103--$19,103
Fees for Services Accounting-$16,787-$16,787
Advertising$16,417--$16,417
Fees for Services Legal-$2,618-$2,618
Total Functional Expenses$4,433,391$128,701$0$4,562,092

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,562,092
Total Expenses per Audited Statements$4,562,092
Total Expenses per Form 990$4,562,092
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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Liability$16,348,464
Accrued interest$173,483
Tenant Security Deposits Payable$101,124

Bond Issues

BondIssuerIssuedIssue PricePurpose
AFairfax County Economic D2008-10-29$39,760,000HOUSING DEVELOPMENT

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$39,760,000-$1,275,000$792,057

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Four of the ten 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: Description of Delegated Duties to Management Company

“Mhi uses a management company, lincoln apartment management limited partnership, to oversee the management of the property.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“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: Explanation of Monitoring and Enforcement of Conflicts

“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 ferderal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

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

Filing and Contact Details

Filer

Filer Name
Mason Housing Inc
EIN
11-3819953
Phone
7035184588
Address
4350 STAFFORDSHIRE LANE, FAIRFAX, VA 22030

Signing Officer

Name
Paul Kyle
Title
Chairman/PRESID
Signed
2020-07-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Kyle
Formed
2007
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Kozak Pollekoff & Goldman PC
Address
1950 Old Gallows Road Suite 440, Vienna, VA 22182
Preparer
Robert a Kozak
Phone
7035069700
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Part x, line 2:the organization received a determination letter from the internal revenue service ("irs") and as such is treated as a tax exempt entity pursuant to section 501(c)(3) of the internal revenue code. The organization did not have any unrelated business income tax for the years ended march 31,2020 and 2019, respectively. Due to its tax exempt status, the organization is not subject to income taxes. The organization 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 for the organization and they have no other tax positions, which must be considered for disclosure. Income tax returns filed by the organization are subject to examination by the internal revenue service for a period of three years. While no tax returns are currently being examined by the internal revenue service, tax years since 2017 remain open.”

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IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03996811
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt069399
IRS990/InsuranceGrp/TotalAmt069399
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt02048970
IRS990/InterestGrp/TotalAmt02048970
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt063193
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011389060
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021950250
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020926624
IRS990/LandBldgEquipCostOrOtherBssAmt032315684
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
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/NetAssetsOrFundBalancesBOYAmt0-20475629
IRS990/NetAssetsOrFundBalancesEOYAmt0-27203902
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-6162992
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-20475629
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-27203902
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt054185
IRS990/OfficeExpensesGrp/TotalAmt054185
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0340644
IRS990/OtherExpensesGrp/ProgramServicesAmt1196657
IRS990/OtherExpensesGrp/ProgramServicesAmt219103
IRS990/OtherExpensesGrp/TotalAmt0340644
IRS990/OtherExpensesGrp/TotalAmt1196657
IRS990/OtherExpensesGrp/TotalAmt219103
IRS990/OtherLiabilitiesGrp/BOYAmt010506766
IRS990/OtherLiabilitiesGrp/EOYAmt016623071
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0430756
IRS990/PaymentsToAffiliatesGrp/TotalAmt0430756
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02058
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02058
IRS990/PrincipalOfficerNm0PAUL KYLE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03811195
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1122423
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03811195
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1122423
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt024862
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04455139
IRS990/PYProgramServiceRevenueAmt03809242
IRS990/PYRevenuesLessExpensesAmt0-621035
IRS990/PYTotalExpensesAmt04455139
IRS990/PYTotalRevenueAmt03834104
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-565281
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03933618
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05993104
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06044492
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt063193
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt024862
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt023534
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01054
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0400
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0113043
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03933618
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03809242
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03753551
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03644986
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03601902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt018743299
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt063193
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt024862
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt023534
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0400
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0113043
IRS990ScheduleA/InvestmentIncomeCYPct00.00600
IRS990ScheduleA/InvestmentIncomePYPct00.00270
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99400
IRS990ScheduleA/PublicSupportPY509Pct00.99730
IRS990ScheduleA/PublicSupportTotal509Amt018743299
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03933618
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03809242
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03753551
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03644986
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03601902
IRS990ScheduleA/Total509Grp/TotalAmt018743299
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03996811
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03834104
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03777085
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03646040
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03602302
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt018856342
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt020901845
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010839355
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt031741200
IRS990ScheduleD/EquipmentGrp/BookValueAmt024779
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0549705
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0574484
IRS990ScheduleD/ExpensesSubtotalAmt04562092
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-6162992
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0173483
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116348464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2101124
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTEREST RATE SWAP LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt0-6162992
IRS990ScheduleD/RevenueSubtotalAmt03996811
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X, LINE 2:THE ORGANIZATION RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") AND AS SUCH IS TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED MARCH 31,2020 AND 2019, RESPECTIVELY. DUE TO ITS TAX EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES. THE ORGANIZATION 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 FOR THE ORGANIZATION AND THEY HAVE NO OTHER TAX POSITIONS, WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2017 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020926624
IRS990ScheduleD/TotalExpensesPerForm990Amt04562092
IRS990ScheduleD/TotalLiabilityAmt016623071
IRS990ScheduleD/TotalRevenuePerForm990Amt03996811
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-2166181
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04562092
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0FORM 990, SCHEDULE K, PART IV, LINE 2C:A CALCULATION WAS MADE ON OCTOBER 29,2018, RESULTING IN NO REBATE BEING DUE FOR THE APPLICABLE COMPUTATION DATE.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0true

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,976,216
Liabilities
$54,180,118
Net assets
-$27,203,902
Revenue
$3,996,811
Expenses
$4,562,092
Net income
-$565,281
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
2020Detailed filing. Detailed filing data is available for this year.$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