Civic Intelligence

445V Vip Housing Development Fund Corporation

990 • Fiscal year 2022 • EIN 13-3680210

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 29, 2023

Organization ProfileN/A
770 East 176 StBronx, NY 10460

(718) 583-5150

Siviq Scores

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

Liabilities / Assets

61st percentile

0.87x

Higher debt load relative to assets than 61% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

3.02x

Higher debt load relative to revenue than 61% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Net Margin

36th percentile

-17%

Higher net margin than 36% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

90th percentile

$376,981

Higher top officer pay than 90% of similar nonprofits.

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

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Asset Growth

35th percentile

-3.6%

Faster asset growth than 35% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-2.6%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$3,152,617

Down $118,379 (-3.6%) from 2021

Net Assets

Down

$399,346

Down $154,338 (-28%) from 2021

Liabilities

Up

$2,753,271

Up $35,959 (+1.3%) from 2021

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin36th percentile

Revenue

Down

$911,651

Down $23,949 (-2.6%) from 2021

Expenses

Up

$1,065,989

Up $137,684 (+15%) from 2021

Net Income

Down

-$154,338

Down $161,633 (-2216%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2022

Assets$3,152,617
Liabilities$2,753,271
Net Assets$399,346
Open 2022 Filing

Operations Trend

Revenue Growth27th 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

2022

Revenue$911,651
Expenses$1,065,989
Net Income-$154,338
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 29, 2023
Return Version
2021v4.2
Gross Receipts
$911,651
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$1,244,791$1,234,840▼ $9,951
Cash and Non-Interest-Bearing Accounts$1,045,208$809,845▼ $235,363
Accounts Receivable$77,751$82,305▲ $4,554
Prepaid Expenses and Deferred Charges$59,627$62,048▲ $2,421
Total Assets$3,270,996$3,152,617▼ $118,379
Other Assets Total$843,619$963,579▲ $119,960
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,623,699$2,623,699→ $0
Accounts Payable and Accrued Expenses$19,509$56,446▲ $36,937
Other Liabilities$45,601$42,785▼ $2,816
Deferred Revenue$28,503$30,341▲ $1,838
Total Liabilities$2,717,312$2,753,271▲ $35,959
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$553,684$399,346▼ $154,338
Total Net Assets Fund Balance$553,684$399,346▼ $154,338
Total Liabilities and Net Assets / Fund Balance$3,270,996$3,152,617▼ $118,379

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,158,390$1,625,414$2,783,804
Equipment$76,449$124,774$201,223
Land$1-$1
Other Assets Org$717,357--
Compensation and Service Providers
Top Officer Pay90th percentile

Board Members and Trustees

NameTitle
Zenali TiradoBoard Chair
Debbian Fletcher-blakePresident/CEO
John P NeroVice Chair
Jodi SturgeonDirector
Seth TownsendDirector
Frank KploanyiCFO
Salvatore GogliormellaSecretary
William Trust JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$911,026
Investment Income
$375
Other Revenue
$250
Change in Net Assets
$-154,338

Audited Revenue Reconciliation

Revenue per Audited Statements
$911,651
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-26,978
Total Revenue per Audited Statements
$884,673
Total Revenue per Form 990
$911,651
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,065,989
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$445,122--$445,122
Fees for Services Other-$111,971-$111,971
Depreciation Depletion$92,176--$92,176
Insurance$80,310--$80,310
Payments to Affiliates-$55,591-$55,591
Fees for Services Management-$50,688-$50,688
Other Expenses$26,978$13,059-$13,059
Fees for Services Accounting-$10,000-$10,000
Fees for Services Legal-$4,998-$4,998
Office Expenses$115$2,231-$2,346
Total Functional Expenses$679,844$386,145$0$1,065,989

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,065,989
Expenses per Audited Statements$1,039,011
Total Expenses per Audited Statements$1,039,011
Expenses Not Reported on Financial Statements$26,978
Other Expense Adjustments$26,978
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$42,785
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, Section A, Line 3

“The property management is handled by dougert management, an unrelated party hired by the entity and compensated $50,688. Asset management and resident services are carried out by the sponsor, vip community services, for which the entity compensated $10,000 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 prior to filing with irs.”

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 of vip.”

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
770 EAST 176 ST, BRONX, NY 10460

Signing Officer

Name
Debbian Fletcher-blake
Title
CEO
Phone
7185835150
Signed
2023-04-29
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
Cbiz Marks Paneth Llp
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Superintendent: program service expenses 0. Management and general expenses 111,971. Fundraising expenses 0. Total expenses 111,971.”

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, 2022 and 2021 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.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“VACANCY LOSS -26,978.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“VACANCY LOSS 26,978.”

Raw XML AppendixShowing 400 of 710 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/PaymentsToAffiliatesGrp/TotalAmt055591
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt059627
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt062048
IRS990/PrincipalOfficerNm0DEBBIAN FLETCHER-BLAKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0911026
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0911026
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt030168
IRS990/PYOtherExpensesAmt0928305
IRS990/PYOtherRevenueAmt06430
IRS990/PYProgramServiceRevenueAmt0899002
IRS990/PYRevenuesLessExpensesAmt07295
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0928305
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0935600
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-154338
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0911276
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER REVENUE - 2019 AMOUNT: $ 2,249. 2020 AMOUNT: $ 6,430. 2021 AMOUNT: $ 250.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0375
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt030168
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt032907
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt032891
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt053545
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0149886
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0911026
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0899002
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0892149
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0871237
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0845627
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04419041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0375
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt030168
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt032907
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt032891
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt053545
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0149886
IRS990ScheduleA/InvestmentIncomeCYPct00.03270
IRS990ScheduleA/InvestmentIncomePYPct00.04730
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0250
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt06430
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02249
IRS990ScheduleA/OtherIncome509Grp/TotalAmt08929
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96530
IRS990ScheduleA/PublicSupportPY509Pct00.95080
IRS990ScheduleA/PublicSupportTotal509Amt04419041
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0911026
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0899002
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0892149
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0871237
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0845627
IRS990ScheduleA/Total509Grp/TotalAmt04419041
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0911651
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0935600
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0927305
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0904128
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0899172
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04577856
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01158390
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01625414
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02783804
IRS990ScheduleD/EquipmentGrp/BookValueAmt076449
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0124774
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0201223
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt026978
IRS990ScheduleD/ExpensesSubtotalAmt01039011
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt042785
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1202092
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21345
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3717357
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED PARTY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UTILITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESERVE AND DEPOSITS
IRS990ScheduleD/OtherExpensesNotIncludedAmt026978
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt042785
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0-26978
IRS990ScheduleD/RevenueNotReportedAmt0-26978
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0911651
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022 AND 2021 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/ExplanationTxt1VACANCY LOSS -26,978.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2VACANCY LOSS 26,978.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01234840
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0963579
IRS990ScheduleD/TotalExpensesPerForm990Amt01065989
IRS990ScheduleD/TotalLiabilityAmt042785
IRS990ScheduleD/TotalRevenuePerForm990Amt0911651
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0884673
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01039011
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/BonusRelatedOrganizationsAmt075000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt129663
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0270130
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1208141
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt08700
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt16409
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt023151
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt120617
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/TotalCompensationRltdOrgsAmt0376981
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1264830
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY MANAGEMENT IS HANDLED BY DOUGERT MANAGEMENT, AN UNRELATED PARTY HIRED BY THE ENTITY AND COMPENSATED $50,688. ASSET MANAGEMENT AND RESIDENT SERVICES ARE CARRIED OUT BY THE SPONSOR, VIP COMMUNITY SERVICES, FOR WHICH THE ENTITY COMPENSATED $10,000 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 PRIOR TO FILING WITH IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST DECLARATIONS ARE FILLED OUT ON AN ANNUAL BASIS AND REVIEWED BY THE COMPLIANCE OFFICER AND THE BOARD OF VIP.

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Filings

Displayed year

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

Open filing
Assets
$3,152,617
Liabilities
$2,753,271
Net assets
$399,346
Revenue
$911,651
Expenses
$1,065,989
Net income
-$154,338
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