Civic Intelligence

Euclid Hall Housing Development Fund Fund Company Inc

990 • Fiscal year 2022 • EIN 13-3527248

Jul 01, 2021 to Jun 30, 2022 • Filed on May 13, 2023

Organization ProfileWWW.WSFSSH.ORG
2345 BroadwayNew York, NY 10024

(212) 721-6032

Siviq Scores

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

Liabilities / Assets

87th percentile

0.80x

Higher debt load relative to assets than 87% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

6.53x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

15th percentile

-12%

Higher net margin than 15% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

61st percentile

$299,504

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

41st percentile

-2.4%

Faster asset growth than 41% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

39th percentile

-1.3%

Faster revenue growth than 39% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$30,349,141

Down $755,698 (-2.4%) from 2021

Net Assets

Down

$6,113,615

Down $448,242 (-6.8%) from 2021

Liabilities

Down

$24,235,526

Down $307,456 (-1.3%) from 2021

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin15th percentile

Revenue

Down

$3,712,175

Down $47,663 (-1.3%) from 2021

Expenses

Down

$4,160,417

Down $172,250 (-4.0%) from 2021

Net Income

Up

-$448,242

Up $124,587 (+22%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$40M$30M$20M$10M$0Assets 2013: $29,920,559Liabilities 2013: $23,404,742Net Assets 2013: $6,515,8172013Assets 2014: $30,085,155Liabilities 2014: $22,470,842Net Assets 2014: $7,614,3132014Assets 2015: $30,137,641Liabilities 2015: $22,625,596Net Assets 2015: $7,512,0452015Assets 2016: $30,073,007Liabilities 2016: $22,680,894Net Assets 2016: $7,392,1132016Assets 2017: $29,975,006Liabilities 2017: $22,797,432Net Assets 2017: $7,177,5742017Assets 2018: $30,037,084Liabilities 2018: $22,817,914Net Assets 2018: $7,219,1702018Assets 2019: $30,386,143Liabilities 2019: $23,176,928Net Assets 2019: $7,209,2152019Assets 2020: $30,419,851Liabilities 2020: $23,283,627Net Assets 2020: $7,136,2242020Assets 2021: $31,104,839Liabilities 2021: $24,542,982Net Assets 2021: $6,561,8572021Assets 2022: $30,349,141Liabilities 2022: $24,235,526Net Assets 2022: $6,113,6152022Assets 2023: $30,101,923Liabilities 2023: $24,368,775Net Assets 2023: $5,733,1482023Assets 2024: $29,449,155Liabilities 2024: $23,466,341Net Assets 2024: $5,982,8142024

Highlighted filing

2022

Assets$30,349,141
Liabilities$24,235,526
Net Assets$6,113,615
Open 2022 Filing

Operations Trend

Revenue Growth39th percentile

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

$10M$5.0M$0-$5.0MRevenue 2013: $8,866,965Expenses 2013: $2,351,148Net Income 2013: $6,515,8172013Revenue 2014: $3,648,769Expenses 2014: $2,550,273Net Income 2014: $1,098,4962014Revenue 2015: $2,674,355Expenses 2015: $2,776,623Net Income 2015: -$102,2682015Revenue 2016: $2,675,682Expenses 2016: $2,781,857Net Income 2016: -$106,1752016Revenue 2017: $2,828,867Expenses 2017: $3,019,208Net Income 2017: -$190,3412017Revenue 2018: $3,155,165Expenses 2018: $3,076,834Net Income 2018: $78,3312018Revenue 2019: $3,294,736Expenses 2019: $3,290,362Net Income 2019: $4,3742019Revenue 2020: $3,310,874Expenses 2020: $3,336,532Net Income 2020: -$25,6582020Revenue 2021: $3,759,838Expenses 2021: $4,332,667Net Income 2021: -$572,8292021Revenue 2022: $3,712,175Expenses 2022: $4,160,417Net Income 2022: -$448,2422022Revenue 2023: $3,835,854Expenses 2023: $4,216,321Net Income 2023: -$380,4672023Revenue 2024: $3,615,558Expenses 2024: $3,365,892Net Income 2024: $249,6662024

Highlighted filing

2022

Revenue$3,712,175
Expenses$4,160,417
Net Income-$448,242
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 13, 2023
Return Version
2021v4.2
Gross Receipts
$3,712,175
Mission and Program Overview

Mission

A not-for-profit housing development corporation committed to owningconstructing, rehabilitating, leasing, managing, equipping,maintaining, developing and operating housing for persons of lowincome.

A not-for-profit housing development committed to owning, constructing, rehabilitating, leasing, managing, equipping, maintaining, developing and operating housing for persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,151,430$24,088,726▼ $62,704
Savings and Temporary Cash Investments$1,260,755$1,012,135▼ $248,620
Cash and Non-Interest-Bearing Accounts$474,495$230,625▼ $243,870
Accounts Receivable$104,799$97,232▼ $7,567
Prepaid Expenses and Deferred Charges$23,875$28,615▲ $4,740
Total Assets$31,104,839$30,349,141▼ $755,698
Other Assets Total$5,089,485$4,891,808▼ $197,677
Liabilities
Mortgage Notes Payable Secured by Investment Property$22,102,652$22,102,652→ $0
Other Liabilities$2,128,116$2,102,075▼ $26,041
Deferred Revenue$20,042$27,443▲ $7,401
Accounts Payable and Accrued Expenses$292,172$3,356▼ $288,816
Total Liabilities$24,542,982$24,235,526▼ $307,456
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,561,857$6,113,615▼ $448,242
Total Net Assets Fund Balance$6,561,857$6,113,615▼ $448,242
Total Liabilities and Net Assets / Fund Balance$31,104,839$30,349,141▼ $755,698

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,108,655$3,671,654$17,780,309
Land$9,900,000-$9,900,000
Equipment$80,071$412,722$492,793
Other Assets Org$24,605--
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleOtherTotal
Jennifer SteinbergDirector of Real Estate Development (outgoing)$103,255$103,255

Board Members and Trustees

NameTitle
Sheldon J FinePresident
Paul R FreitagVice President
Daniel J DrosinDirector of Property Mngment
Nanda WinCFO/treasurer
Claire HilgerCOO/assist Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,644,341
Investment Income
$44,505
Other Revenue
$23,329
Change in Net Assets
$-448,242

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,712,175
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$57,685,827
Total Revenue per Audited Statements
$61,398,002
Total Revenue per Form 990
$3,712,175
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,612,339
Salaries, Compensation, and Employee Benefits$1,548,078
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,042,471--$1,042,471
Depreciation Depletion$459,320--$459,320
Occupancy$406,121--$406,121
Other Employee Benefits$389,849--$389,849
Fees for Services Management-$237,134-$237,134
Insurance$189,542--$189,542
Interest$111,143--$111,143
Payroll Taxes$110,793--$110,793
All Other Expenses$98,759--$98,759
Other Expenses$81,517--$81,517
Office Expenses$68,107--$68,107
Information Technology$54,313--$54,313
Fees for Services Legal$26,116--$26,116
Fees for Services Accounting-$11,195-$11,195
Fees for Services Other$10,509--$10,509
Pension Plan Contributions$4,965--$4,965
Conferences and Meetings$1,807--$1,807
Total Functional Expenses$3,912,088$248,329$0$4,160,417

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$70,728,902
Expenses Not Reported on Form 990$67,125,488
Total Expenses per Form 990$4,160,417
Expenses per Audited Statements$3,603,414
Expenses Not Reported on Financial Statements$557,003
Other Expense Adjustments$557,003
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 Affiliates$1,064,547
Accrued Interest Expense$1,012,327
Tenant Security Deposits Payable$24,605
Due to Resident$596
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No

Governance Explanations

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

“The form 990 is prepared by an independent accountant and reviewed by management. Form 990 is then distributed to the board of directors for their review and approval prior to filing with the irs.”

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

“The conflict-of-interest statements are distributed to officers & board members for completion annually. All statements are reviewed by the board and maintained by the vice-president.”

Form 990, Part VI, Section C, Line 19

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

Form 990, Part VII, Compensation

“Compensation from related organization: the employees are not compensated by the filing organization. However, they are compensated by a related organization, west side federation for senior & supporitve housing, inc., which provides the property management for the filing organization.”

Filing and Contact Details

Filer

Filer Name
Euclid Hall Housing Development Fund
EIN
13-3527248
Phone
2127216032
Address
2345 BROADWAY, NEW YORK, NY 10024

Signing Officer

Name
Nanda Win
Title
CFO/treasurer
Phone
2127216032
Signed
2023-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul R Freitag
Formed
1989
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
1
Employees
16
Volunteers
1

Preparer

Firm
Cbiz Marks Paneth LLC
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

FORM 990, PART IX, LINE 7: SALARIES AND WAGES

“In addition to the employees reported on irs form w-3, the payroll function of additional employees is provided by a related not-for-profit organization, west side federation for senior and supportive housing inc. (wsfssh). The organization also allocates a portion of the salaries and wages of its employees to wsfssh if the employees are assigned to work on wsfssh's programs. The salaries and wages reported in form 990 part ix line 7 represents both the directly attributable portion of salaries and wages of employees to the organization and the allocated salaries and wages of additional employees that worked for the filing organization during the reporting period. Expenses that wsfssh pays on behalf of the filing organization.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization is subject to the provisions of the financial accounting standards board's (the "fasb") accounting standards codification ("asc") topic 740, "income taxes," relating to accounting and reporting for uncertainty in income taxes. Because of the organization's general tax-exempt status, management believes asc topic 740 has not had, and is not expected to have, a material impact on its consolidated financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Related entity revenue 78,554,597. Eliminations -20,311,767. Vacancy loss -557,003.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Related entity expenses 71,894,853. Eliminations -4,769,365.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“VACANCY LOSS 557,003.”

Raw XML AppendixShowing 400 of 942 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/OtherExpensesGrp/Desc0VACANCY EXPENSE
IRS990/OtherExpensesGrp/Desc1MAINTENANCE & REPAIRS
IRS990/OtherExpensesGrp/Desc2FOOD EXPENSES
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0557003
IRS990/OtherExpensesGrp/ProgramServicesAmt1214288
IRS990/OtherExpensesGrp/ProgramServicesAmt285465
IRS990/OtherExpensesGrp/ProgramServicesAmt381517
IRS990/OtherExpensesGrp/TotalAmt0557003
IRS990/OtherExpensesGrp/TotalAmt1214288
IRS990/OtherExpensesGrp/TotalAmt285465
IRS990/OtherExpensesGrp/TotalAmt381517
IRS990/OtherLiabilitiesGrp/BOYAmt02128116
IRS990/OtherLiabilitiesGrp/EOYAmt02102075
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt023329
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt023329
IRS990/OtherRevenueTotalAmt023329
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01042471
IRS990/OtherSalariesAndWagesGrp/TotalAmt01042471
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0110793
IRS990/PayrollTaxesGrp/TotalAmt0110793
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04965
IRS990/PensionPlanContributionsGrp/TotalAmt04965
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023875
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028615
IRS990/PrincipalOfficerNm0PAUL R FREITAG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03644341
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03644341
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt059943
IRS990/PYOtherExpensesAmt02841595
IRS990/PYOtherRevenueAmt08801
IRS990/PYProgramServiceRevenueAmt03691094
IRS990/PYRevenuesLessExpensesAmt0-572829
IRS990/PYSalariesCompEmpBnftPaidAmt01491072
IRS990/PYTotalExpensesAmt04332667
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03759838
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-448242
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03667670
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01260755
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01012135
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2017 AMOUNT: $ 13,599. 2018 AMOUNT: $ 8,820. 2019 AMOUNT: $ 10,602. 2020 AMOUNT: $ 8,801. 2021 AMOUNT: $ 23,329.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt044504
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt059943
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt059943
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt090200
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt050197
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0304787
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03644341
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03691094
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03240329
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03195716
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03091369
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt016862849
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt044504
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt059943
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt059943
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt090200
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt050197
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0304787
IRS990ScheduleA/InvestmentIncomeCYPct00.01770
IRS990ScheduleA/InvestmentIncomePYPct00.01840
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt023329
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt08801
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt010602
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08820
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt013599
IRS990ScheduleA/OtherIncome509Grp/TotalAmt065151
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97850
IRS990ScheduleA/PublicSupportPY509Pct00.97890
IRS990ScheduleA/PublicSupportTotal509Amt016862849
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03644341
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03691094
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03240329
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03195716
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03091369
IRS990ScheduleA/Total509Grp/TotalAmt016862849
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03712174
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03759838
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03310874
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03294736
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03155165
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt017232787
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt014108655
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03671654
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017780309
IRS990ScheduleD/EquipmentGrp/BookValueAmt080071
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0412722
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0492793
IRS990ScheduleD/ExpensesNotReportedAmt067125488
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0557003
IRS990ScheduleD/ExpensesSubtotalAmt03603414
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt09900000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09900000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04834428
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt132775
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt224605
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES IN ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSITS- TENANTS
IRS990ScheduleD/OtherExpensesIncludedAmt067125488
IRS990ScheduleD/OtherExpensesNotIncludedAmt0557003
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024605
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11064547
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21012327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3596
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST EXPENSE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO RESIDENT
IRS990ScheduleD/OtherRevenueAmt057685827
IRS990ScheduleD/RevenueNotReportedAmt057685827
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03712175
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE ORGANIZATION'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON ITS CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RELATED ENTITY REVENUE 78,554,597. ELIMINATIONS -20,311,767. VACANCY LOSS -557,003.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RELATED ENTITY EXPENSES 71,894,853. ELIMINATIONS -4,769,365.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3VACANCY LOSS 557,003.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024088726
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04891808
IRS990ScheduleD/TotalExpensesPerForm990Amt04160417
IRS990ScheduleD/TotalLiabilityAmt02102075
IRS990ScheduleD/TotalRevenuePerForm990Amt03712175
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt061398002
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt070728902
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/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0236229
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1168428
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2189126
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3120439
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt07087
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt15370

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,349,141
Liabilities
$24,235,526
Net assets
$6,113,615
Revenue
$3,712,175
Expenses
$4,160,417
Net income
-$448,242
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$29.4$23.5$5.98$3.62$3.37$0.25
2023Detailed filing. Detailed filing data is available for this year.$30.1$24.4$5.73$3.84$4.22$0.38
2022Detailed filing. Detailed filing data is available for this year.$30.3$24.2$6.11$3.71$4.16$0.45
2021Detailed filing. Detailed filing data is available for this year.$31.1$24.5$6.56$3.76$4.33$0.57
2020Detailed filing. Detailed filing data is available for this year.$30.4$23.3$7.14$3.31$3.34$0.03
2019Detailed filing. Detailed filing data is available for this year.$30.4$23.2$7.21$3.29$3.29$0.00
2018Detailed filing. Detailed filing data is available for this year.$30.0$22.8$7.22$3.16$3.08$0.08
2017Detailed filing. Detailed filing data is available for this year.$30.0$22.8$7.18$2.83$3.02$0.19
2016Detailed filing. Detailed filing data is available for this year.$30.1$22.7$7.39$2.68$2.78$0.11
2015Detailed filing. Detailed filing data is available for this year.$30.1$22.6$7.51$2.67$2.78$0.10
2014Detailed filing. Detailed filing data is available for this year.$30.1$22.5$7.61$3.65$2.55$1.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.9$23.4$6.52$8.87$2.35$6.52