Civic Intelligence

Herbert L Brooks Housing Development Fund Company Inc.

990 • Fiscal year 2016 • EIN 13-3595749

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization ProfileN/A
1789 Southern Blvdbronx, NY 10460

(718) 842-0256

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.63x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

14.72x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Net Margin

13th percentile

-55%

Higher net margin than 13% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

85th percentile

$223,648

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 41.4% of source-year revenue.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Asset Growth

25th percentile

-4.4%

Faster asset growth than 25% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

59th percentile

3.3%

Faster revenue growth than 59% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$4,885,459

Down $227,128 (-4.4%) from 2015

Net Assets

Down

-$3,061,792

Down $294,568 (-11%) from 2015

Liabilities

Up

$7,947,251

Up $67,440 (+0.9%) from 2015

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin13th percentile

Revenue

Up

$540,001

Up $17,156 (+3.3%) from 2015

Expenses

Up

$834,569

Up $131,065 (+19%) from 2015

Net Income

Down

-$294,568

Down $113,909 (-63%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $5,869,380Liabilities 2010: $7,927,996Net Assets 2010: -$2,058,6162010Assets 2011: $5,668,128Liabilities 2011: $7,925,148Net Assets 2011: -$2,257,0202011Assets 2012: $5,543,400Liabilities 2012: $9,174,100Net Assets 2012: -$3,630,7002012Assets 2013: $5,412,745Liabilities 2013: $7,880,116Net Assets 2013: -$2,467,3712013Assets 2014: $5,305,285Liabilities 2014: $7,891,850Net Assets 2014: -$2,586,5652014Assets 2015: $5,112,587Liabilities 2015: $7,879,811Net Assets 2015: -$2,767,2242015Assets 2016: $4,885,459Liabilities 2016: $7,947,251Net Assets 2016: -$3,061,7922016Assets 2017: $4,723,814Liabilities 2017: $7,973,990Net Assets 2017: -$3,250,1762017Assets 2018: $4,580,224Liabilities 2018: $8,048,325Net Assets 2018: -$3,468,1012018Assets 2019: $4,373,257Liabilities 2019: $7,950,201Net Assets 2019: -$3,576,9442019Assets 2020: $3,759,802Liabilities 2020: $7,950,314Net Assets 2020: -$4,190,5122020Assets 2021: $3,980,456Liabilities 2021: $8,159,801Net Assets 2021: -$4,179,3452021Assets 2022: $4,309,168Liabilities 2022: $8,137,876Net Assets 2022: -$3,828,7082022Assets 2023: $4,664,989Liabilities 2023: $8,029,390Net Assets 2023: -$3,364,4012023Assets 2024: $5,043,811Liabilities 2024: $8,203,505Net Assets 2024: -$3,159,6942024

Highlighted filing

2016

Assets$4,885,459
Liabilities$7,947,251
Net Assets-$3,061,792
Open 2016 Filing

Operations Trend

Revenue Growth59th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $801,5592010Revenue 2011: $523,768Expenses 2011: $722,172Net Income 2011: -$198,4042011Revenue 2012: $542,542Expenses 2012: $1,916,222Net Income 2012: -$1,373,6802012Revenue 2013: $538,972Expenses 2013: $634,392Net Income 2013: -$95,4202013Revenue 2014: $529,251Expenses 2014: $648,445Net Income 2014: -$119,1942014Revenue 2015: $522,845Expenses 2015: $703,504Net Income 2015: -$180,6592015Revenue 2016: $540,001Expenses 2016: $834,569Net Income 2016: -$294,5682016Revenue 2017: $538,082Expenses 2017: $726,466Net Income 2017: -$188,3842017Revenue 2018: $547,872Expenses 2018: $765,797Net Income 2018: -$217,9252018Revenue 2019: $610,747Expenses 2019: $775,086Net Income 2019: -$164,3392019Revenue 2020: $513,142Expenses 2020: $1,126,710Net Income 2020: -$613,5682020Revenue 2021: $1,056,994Expenses 2021: $1,045,827Net Income 2021: $11,1672021Revenue 2022: $1,875,001Expenses 2022: $1,341,630Net Income 2022: $533,3712022Revenue 2023: $1,953,236Expenses 2023: $1,488,929Net Income 2023: $464,3072023Revenue 2024: $1,805,238Expenses 2024: $1,600,531Net Income 2024: $204,7072024

Highlighted filing

2016

Revenue$540,001
Expenses$834,569
Net Income-$294,568
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$540,001
Mission and Program Overview

Mission

Herbert l. Brooks housing development fund company, inc. (the "company"), a not-for-profit corporation, was formed under the laws of the state of new york, on april 10, 1990, for the purpose of operating a rental housing project under section 202 of the national housing act.

Providing low income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,620,558$3,589,686▼ $30,872
Accounts Receivable$17,907$27,844▲ $9,937
Prepaid Expenses and Deferred Charges$5,648$5,648→ $0
Intangible Assets$6,346$4,773▼ $1,573
Cash and Non-Interest-Bearing Accounts$45,016$2,113▼ $42,903
Total Assets$5,112,587$4,885,459▼ $227,128
Other Assets Total$1,417,112$1,255,395▼ $161,717
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,838,700$7,838,700→ $0
Accounts Payable and Accrued Expenses$9,783$61,815▲ $52,032
Other Liabilities$19,836$38,943▲ $19,107
Deferred Revenue$11,492$7,793▼ $3,699
Total Liabilities$7,879,811$7,947,251▲ $67,440
Net Assets / Fund Balance
Unrestricted Net Assets$-2,767,224$-3,061,792▼ $294,568
Total Net Assets Fund Balance$-2,767,224$-3,061,792▼ $294,568
Total Liabilities and Net Assets / Fund Balance$5,112,587$4,885,459▼ $227,128

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,544,686$4,823,770$8,368,456
Land$45,000-$45,000
Equipment$0$16,748$16,748
Other Assets Org$1,031,864--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleOtherTotal
Rubria M RodriguezFiscal Administrator$120,422$120,422

Board Members and Trustees

NameTitle
Wallace MobleyBoard Chair
Derrick LovettPresident/CEO
April HortonDirector
Carmen SilvaDirector
Deacon Joe TaylorDirector
Florence BlanchardDirector
Phyllis WilliamsDirector
James ShippTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$537,697
Investment Income
$504
Other Revenue
$1,800
Change in Net Assets
$-294,568

Audited Revenue Reconciliation

Revenue per Audited Statements
$540,001
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$540,001
Total Revenue per Form 990
$540,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$834,569
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
Fees for Services Management$256,481--$256,481
Depreciation Depletion$207,010--$207,010
Occupancy$109,670--$109,670
Fees for Services Other$55,872--$55,872
Insurance$55,589--$55,589
Office Expenses$50,641--$50,641
Fees for Services Accounting-$30,932-$30,932
Fees for Services Legal$3,979--$3,979
Other Expenses$445--$445
Total Functional Expenses$803,637$30,932$0$834,569

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$834,569
Total Expenses per Audited Statements$834,569
Total Expenses per Form 990$834,569
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 owner$19,600
Tenant Security Deposits Payable$19,343
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The property is managed by wavecrest management team, ltd., an unaffiliated company paid the amount of $ 41,214.”

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

“FORM 990 IS REVIEWED BY THE CEO OF THE ORGANIZATION, BUT A FULL COPY is not presented TO THE WHOLE BOARD.”

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

“The organization has an affirmation of its principles statement and whistleblower policy that board members and senior staff are required to sign. These statements address issues of ethics and conflicts of interest. It is the responsibility of all directors, officers, and employees to report ethics violations or suspended violations. No director, officer, or employee who in good faith reports an ethics violation shall suffer harassment, retaliation, or adverse employment consequence. Violations or suspended violations may be submitted on a confidential basis by complaint or anonymously. The organization encourages employees to share their concerns with someone who can address them properly. These policies are intended to encourage and enable employees and other to raise ethics concerns on an ongoing basis.”

Form 990, Part VI, Section C, line 19

“The documents are available by request.”

Filing and Contact Details

Filer

Filer Name
Herbert L Brooks Housing
EIN
13-3595749
Phone
7188420256
Address
1789 Southern Blvd, bronx, NY 10460

Signing Officer

Name
Philip Cornblatt
Title
president/CEO
Phone
7188420256
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derrick Lovett
Formed
1990
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

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

Additional Explanations

Form 990, Part XII, Line 2C:

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

Financial Statement Notes

Part X, Line 2:

“The company's policy is to include any penalties and interest accessed by taxing authorities with excise tax expense. The company's form 990, return of organization exempt from income tax, is subject to audit by the irs for the prior three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2013 remain open.”

Raw XML AppendixShowing 400 of 925 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/MissionDesc0Herbert L. Brooks Housing Development Fund Company, Inc. (the "Company"), a not-for-profit corporation, was formed under the laws of the State of New York, on April 10, 1990, for the purpose of operating a rental housing project under Section 202 of the National Housing Act.
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IRS990/OtherExpensesGrp/TotalAmt213272
IRS990/OtherExpensesGrp/TotalAmt3445
IRS990/OtherLiabilitiesGrp/BOYAmt019836
IRS990/OtherLiabilitiesGrp/EOYAmt038943
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Laundy and vending
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01800
IRS990/OtherRevenueTotalAmt01800
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05648
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05648
IRS990/PrincipalOfficerNm0DERRICK LOVETT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0537597
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0537597
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1100
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0582
IRS990/PYOtherExpensesAmt0703504
IRS990/PYOtherRevenueAmt0235
IRS990/PYProgramServiceRevenueAmt0522028
IRS990/PYRevenuesLessExpensesAmt0-180659
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0703504
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0522845
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-294568
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0539497
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Laundry and vending - 2012 Amount: $ 13,967. 2013 Amount: $ 2,504. 2014 Amount: $ 260. 2015 Amount: $ 235. 2016 Amount: $ 1,800.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0504
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0582
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0897
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02348
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03117
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07448
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0537697
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0522028
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0528094
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0534120
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0525458
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02647397
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0504
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0582
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0897
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02348
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03117
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07448
IRS990ScheduleA/InvestmentIncomeCYPct00.00280
IRS990ScheduleA/InvestmentIncomePYPct00.00560
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01800
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0235
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0260
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02504
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt013967
IRS990ScheduleA/OtherIncome509Grp/TotalAmt018766
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99020
IRS990ScheduleA/PublicSupportPY509Pct00.98800
IRS990ScheduleA/PublicSupportTotal509Amt02647397
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0537697
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0522028
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0528094
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0534120
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0525458
IRS990ScheduleA/Total509Grp/TotalAmt02647397
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0540001
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0522845
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0529251
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0538972
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0542542
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02673611
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03544686
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04823770
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08368456
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016748
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016748
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0834569
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt045000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt045000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt019498
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt18045
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2195988
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31031864
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS - UTILITY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS REserve
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019343
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to owner
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0540001
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY'S POLICY IS TO INCLUDE ANY PENALTIES AND INTEREST ACCESSED BY TAXING AUTHORITIES WITH EXCISE TAX EXPENSE. THE COMPANY'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO AUDIT BY THE IRS FOR THE PRIOR THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2013 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03589686
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01255395
IRS990ScheduleD/TotalExpensesPerForm990Amt0834569
IRS990ScheduleD/TotalLiabilityAmt038943
IRS990ScheduleD/TotalRevenuePerForm990Amt0540001
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0540001
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0834569
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0170595
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt015925
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt037128
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DERRICK LOVETT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0223648
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY IS MANAGED BY WAVECREST MANAGEMENT TEAM, LTD., AN UNAFFILIATED COMPANY PAID THE AMOUNT OF $ 41,214.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE CEO OF THE ORGANIZATION, BUT A FULL COPY is not presented TO THE WHOLE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS AN AFFIRMATION OF ITS PRINCIPLES STATEMENT AND WHISTLEBLOWER POLICY THAT BOARD MEMBERS AND SENIOR STAFF ARE REQUIRED TO SIGN. THESE STATEMENTS ADDRESS ISSUES OF ETHICS AND CONFLICTS OF INTEREST. IT IS THE RESPONSIBILITY OF ALL DIRECTORS, OFFICERS, AND EMPLOYEES TO REPORT ETHICS VIOLATIONS OR SUSPENDED VIOLATIONS. NO DIRECTOR, OFFICER, OR EMPLOYEE WHO IN GOOD FAITH REPORTS AN ETHICS VIOLATION SHALL SUFFER HARASSMENT, RETALIATION, OR ADVERSE EMPLOYMENT CONSEQUENCE. VIOLATIONS OR SUSPENDED VIOLATIONS MAY BE SUBMITTED ON A CONFIDENTIAL BASIS BY COMPLAINT OR ANONYMOUSLY. THE ORGANIZATION ENCOURAGES EMPLOYEES TO SHARE THEIR CONCERNS WITH SOMEONE WHO CAN ADDRESS THEM PROPERLY. THESE POLICIES ARE INTENDED TO ENCOURAGE AND ENABLE EMPLOYEES AND OTHER TO RAISE ETHICS CONCERNS ON AN ONGOING BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE AVAILABLE BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4the selection process has not changed from prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$4,885,459
Liabilities
$7,947,251
Net assets
-$3,061,792
Revenue
$540,001
Expenses
$834,569
Net income
-$294,568
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.04$8.20$3.16$1.81$1.60$0.20
2023Detailed filing. Detailed filing data is available for this year.$4.66$8.03$3.36$1.95$1.49$0.46
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.31$8.14$3.83$1.88$1.34$0.53
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$8.16$4.18$1.06$1.05$0.01
2020Detailed filing. Detailed filing data is available for this year.$3.76$7.95$4.19$0.51$1.13$0.61
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.37$7.95$3.58$0.61$0.78$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.58$8.05$3.47$0.55$0.77$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.72$7.97$3.25$0.54$0.73$0.19
2016Detailed filing. Detailed filing data is available for this year.$4.89$7.95$3.06$0.54$0.83$0.29
2015Detailed filing. Detailed filing data is available for this year.$5.11$7.88$2.77$0.52$0.70$0.18
2014Detailed filing. Detailed filing data is available for this year.$5.31$7.89$2.59$0.53$0.65$0.12
2013Summary only. Only limited summary data is available for this year.$5.41$7.88$2.47$0.54$0.63$0.10
2012Summary only. Only limited summary data is available for this year.$5.54$9.17$3.63$0.54$1.92$1.37
2011Summary only. Only limited summary data is available for this year.$5.67$7.93$2.26$0.52$0.72$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.87$7.93$2.06$0.80