Civic Intelligence

445V Vip Housing Development Fund Corporation

990 • Fiscal year 2019 • EIN 13-3680210

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 09, 2020

Organization ProfileN/A
1910 Arthur AvenueBronx, NY 10457

(718) 583-5150

Siviq Scores

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

Liabilities / Assets

57th percentile

0.85x

Higher debt load relative to assets than 57% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

58th percentile

3.01x

Higher debt load relative to revenue than 58% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Net Margin

76th percentile

9.8%

Higher net margin than 76% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$228,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 25.2% of source-year revenue.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Asset Growth

76th percentile

3.0%

Faster asset growth than 76% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

39th percentile

0.6%

Faster revenue growth than 39% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$3,190,462

Up $93,773 (+3.0%) from 2018

Net Assets

Up

$465,181

Up $88,863 (+24%) from 2018

Liabilities

Up

$2,725,281

Up $4,910 (+0.2%) from 2018

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin76th percentile

Revenue

Up

$904,128

Up $4,956 (+0.6%) from 2018

Expenses

Up

$815,265

Up $77,588 (+11%) from 2018

Net Income

Down

$88,863

Down $72,632 (-45%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,637,718Liabilities 2011: $2,741,712Net Assets 2011: -$103,9942011Assets 2012: $2,695,859Liabilities 2012: $2,735,465Net Assets 2012: -$39,6062012Assets 2013: $2,652,457Liabilities 2013: $2,736,578Net Assets 2013: -$84,1212013Assets 2014: $2,668,932Liabilities 2014: $2,705,292Net Assets 2014: -$36,3602014Assets 2015: $2,738,644Liabilities 2015: $2,719,698Net Assets 2015: $18,9462015Assets 2016: $2,854,414Liabilities 2016: $2,730,586Net Assets 2016: $123,8282016Assets 2017: $2,944,426Liabilities 2017: $2,729,603Net Assets 2017: $214,8232017Assets 2018: $3,096,689Liabilities 2018: $2,720,371Net Assets 2018: $376,3182018Assets 2019: $3,190,462Liabilities 2019: $2,725,281Net Assets 2019: $465,1812019Assets 2020: $3,279,833Liabilities 2020: $2,733,444Net Assets 2020: $546,3892020Assets 2021: $3,270,996Liabilities 2021: $2,717,312Net Assets 2021: $553,6842021Assets 2022: $3,152,617Liabilities 2022: $2,753,271Net Assets 2022: $399,3462022Assets 2023: $3,047,275Liabilities 2023: $2,752,503Net Assets 2023: $294,7722023Assets 2024: $3,016,565Liabilities 2024: $2,752,310Net Assets 2024: $264,2552024

Highlighted filing

2019

Assets$3,190,462
Liabilities$2,725,281
Net Assets$465,181
Open 2019 Filing

Operations Trend

Revenue Growth39th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $743,0932011Expenses 2012: $696,3692012Revenue 2013: $771,185Expenses 2013: $815,700Net Income 2013: -$44,5152013Revenue 2014: $764,808Expenses 2014: $717,047Net Income 2014: $47,7612014Revenue 2015: $802,564Expenses 2015: $747,258Net Income 2015: $55,3062015Revenue 2016: $834,010Expenses 2016: $729,128Net Income 2016: $104,8822016Revenue 2017: $886,093Expenses 2017: $795,098Net Income 2017: $90,9952017Revenue 2018: $899,172Expenses 2018: $737,677Net Income 2018: $161,4952018Revenue 2019: $904,128Expenses 2019: $815,265Net Income 2019: $88,8632019Revenue 2020: $927,305Expenses 2020: $846,097Net Income 2020: $81,2082020Revenue 2021: $935,600Expenses 2021: $928,305Net Income 2021: $7,2952021Revenue 2022: $911,651Expenses 2022: $1,065,989Net Income 2022: -$154,3382022Revenue 2023: $930,826Expenses 2023: $1,035,400Net Income 2023: -$104,5742023Revenue 2024: $982,468Expenses 2024: $1,012,985Net Income 2024: -$30,5172024

Highlighted filing

2019

Revenue$904,128
Expenses$815,265
Net Income$88,863
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 9, 2020
Return Version
2018v3.1
Gross Receipts
$904,128
Mission and Program Overview

Mission

To provide clean, affordable housing to low-income residents in the south bronx, ny.

To provide affordable housing in the south bronx, ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,404,221$1,378,366▼ $25,855
Savings and Temporary Cash Investments$479,062--
Cash and Non-Interest-Bearing Accounts$254,064$435,719▲ $181,655
Accounts Receivable$59,743$74,167▲ $14,424
Prepaid Expenses and Deferred Charges$99,663$41,237▼ $58,426
Total Assets$3,096,689$3,190,462▲ $93,773
Other Assets Total$799,936$1,260,973▲ $461,037
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,623,699$2,623,699→ $0
Other Liabilities$45,278$45,601▲ $323
Accounts Payable and Accrued Expenses$29,823$37,998▲ $8,175
Deferred Revenue$21,571$17,983▼ $3,588
Total Liabilities$2,720,371$2,725,281▲ $4,910
Net Assets / Fund Balance
Unrestricted Net Assets$376,318$465,181▲ $88,863
Total Net Assets Fund Balance$376,318$465,181▲ $88,863
Total Liabilities and Net Assets / Fund Balance$3,096,689$3,190,462▲ $93,773

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,252,039$1,481,916$2,733,955
Other Land Buildings$126,327-$126,327
Other Assets Org$459,437--
Compensation and Service Providers
Top Officer Pay82nd percentile

Board Members and Trustees

NameTitle
Steve EdwardsBoard Chair
Debbian Fletcher-blakePresident/CEO
Zenali TiradoVice Chair
Elizabeth OwenDirector
Peggy ArroyoDirector
Donna LichtiDirector (outgoing)
Frank KploanyiCFO
Salvatore GogliormellaSecretary
William TrustTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$871,237
Investment Income
$32,891
Other Revenue
$0
Change in Net Assets
$88,863

Audited Revenue Reconciliation

Revenue per Audited Statements
$904,128
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$904,128
Total Revenue per Form 990
$904,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$815,265
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
Occupancy$346,643--$346,643
Fees for Services Other-$101,407-$101,407
Depreciation Depletion$79,778--$79,778
Payments to Affiliates-$55,591-$55,591
Fees for Services Management-$54,778-$54,778
Insurance$53,437--$53,437
Fees for Services Accounting-$13,600-$13,600
Fees for Services Legal-$12,108-$12,108
Other Expenses$29,454$10,571-$10,571
Office Expenses$562$3,272-$3,834
Total Functional Expenses$509,874$305,391$0$815,265

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$815,265
Total Expenses per Audited Statements$815,265
Total Expenses per Form 990$815,265
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
Tenant Security Deposits$45,601
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The property management is handled by dougert management, an unrelated party hired by the entity. Asset management and resident services are carried out by the sponsor, vip community services, for which the entity compensated $55,591 for accounting and other administrative services.”

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

“The form 990 is prepared by an independent accountant and reviewed by the audit committee of the vip board and distributed to the board of 445 vip for comments and approval.”

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

“The conflict of interest declarations are filled out on an annual basis and reviewed by the compliance officer and the board.”

Form 990, Part VI, Section C, Line 19

“All documents are available upon request at the management office.”

FORM 990, PART VII, SECTION A:

“Debbian fletcher-blake and frank kploanyi are officers of vip community services inc., a related organization. During the year, each of them worked 34.5 hours for vip community services inc. And affiliates and .5 hour each for the organization.”

Filing and Contact Details

Filer

Filer Name
445 Vip Hdfc
EIN
13-3680210
Phone
7185835150
Address
1910 ARTHUR AVENUE, BRONX, NY 10457

Signing Officer

Name
William M Trust Jr
Title
CEO
Phone
7185835150
Signed
2020-04-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debbian Fletcher-blake
Formed
1992
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Superintendent: program service expenses 0. Management and general expenses 101,407. Fundraising expenses 0. Total expenses 101,407.”

FORM 990, PART XI, LINE 2C:

“No change in auditor selection and audit oversight process from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation believes it has no uncertain tax positions as of june 30, 2019 and 2018 in accordance with accounting standards codification ("asc") topic 740, "income taxes," which provides standards for establishing and classifying any tax provisions for uncertain tax positions.”

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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/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0871237
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0871237
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt053545
IRS990/PYOtherExpensesAmt0737677
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0845627
IRS990/PYRevenuesLessExpensesAmt0161495
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0737677
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0899172
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt088863
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0871237
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0479062
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt032891
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt053545
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt065931
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0325
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0164
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0152856
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0871237
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0845627
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0820162
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0833685
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0802400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04173111
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt032891
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt053545
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt065931
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0325
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0164
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0152856
IRS990ScheduleA/InvestmentIncomeCYPct00.03530
IRS990ScheduleA/InvestmentIncomePYPct00.02870
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96470
IRS990ScheduleA/PublicSupportPY509Pct00.97130
IRS990ScheduleA/PublicSupportTotal509Amt04173111
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0871237
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0845627
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0820162
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0833685
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0802400
IRS990ScheduleA/Total509Grp/TotalAmt04173111
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0904128
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0899172
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0886093
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0834010
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0802564
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04325967
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01252039
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01481916
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02733955
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0815265
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt045601
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1754590
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21345
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3459437
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED PARTY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UTILITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESERVE AND DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0126327
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0126327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045601
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0904128
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019 AND 2018 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01378366
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01260973
IRS990ScheduleD/TotalExpensesPerForm990Amt0815265
IRS990ScheduleD/TotalLiabilityAmt045601
IRS990ScheduleD/TotalRevenuePerForm990Amt0904128
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0904128
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0815265
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0228000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1193904
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt127539
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DEBBIAN FLETCHER-BLAKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1FRANK KPLOANYI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0228000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1221443
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY MANAGEMENT IS HANDLED BY DOUGERT MANAGEMENT, AN UNRELATED PARTY HIRED BY THE ENTITY. ASSET MANAGEMENT AND RESIDENT SERVICES ARE CARRIED OUT BY THE SPONSOR, VIP COMMUNITY SERVICES, FOR WHICH THE ENTITY COMPENSATED $55,591 FOR ACCOUNTING AND OTHER ADMINISTRATIVE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED BY THE AUDIT COMMITTEE OF THE VIP BOARD AND DISTRIBUTED TO THE BOARD OF 445 VIP FOR COMMENTS AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST DECLARATIONS ARE FILLED OUT ON AN ANNUAL BASIS AND REVIEWED BY THE COMPLIANCE OFFICER AND THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE MANAGEMENT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DEBBIAN FLETCHER-BLAKE AND FRANK KPLOANYI ARE OFFICERS OF VIP COMMUNITY SERVICES INC., A RELATED ORGANIZATION. DURING THE YEAR, EACH OF THEM WORKED 34.5 HOURS FOR VIP COMMUNITY SERVICES INC. AND AFFILIATES AND .5 HOUR EACH FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SUPERINTENDENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 101,407. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 101,407.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO CHANGE IN AUDITOR SELECTION AND AUDIT OVERSIGHT PROCESS FROM THE 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 VII, SECTION A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,190,462
Liabilities
$2,725,281
Net assets
$465,181
Revenue
$904,128
Expenses
$815,265
Net income
$88,863
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.02$2.75$0.26$0.98$1.01$0.03
2023Detailed filing. Detailed filing data is available for this year.$3.05$2.75$0.29$0.93$1.04$0.10
2022Detailed filing. Detailed filing data is available for this year.$3.15$2.75$0.40$0.91$1.07$0.15
2021Detailed filing. Detailed filing data is available for this year.$3.27$2.72$0.55$0.94$0.93$0.01
2020Detailed filing. Detailed filing data is available for this year.$3.28$2.73$0.55$0.93$0.85$0.08
2019Detailed filing. Detailed filing data is available for this year.$3.19$2.73$0.47$0.90$0.82$0.09
2018Detailed filing. Detailed filing data is available for this year.$3.10$2.72$0.38$0.90$0.74$0.16
2017Detailed filing. Detailed filing data is available for this year.$2.94$2.73$0.21$0.89$0.80$0.09
2016Detailed filing. Detailed filing data is available for this year.$2.85$2.73$0.12$0.83$0.73$0.10
2015Detailed filing. Detailed filing data is available for this year.$2.74$2.72$0.02$0.80$0.75$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.67$2.71$0.04$0.76$0.72$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$2.74$0.08$0.77$0.82$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.70$2.74$0.04$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$2.74$0.10$0.74