Civic Intelligence

Rios Senior Residence Housing Development Fund Corporation

990 • Fiscal year 2020 • EIN 13-3738157

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 09, 2021

Organization ProfileWWW.HOPECI.ORG
174 East 104th StreetNew York, NY 10029

(212) 860-8821

Siviq Scores

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

Liabilities / Assets

89th percentile

1.85x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • NTEE E • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

5.60x

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

2020 filings • NTEE E • $5M-$10M nonprofits • Source year 2020

Net Margin

26th percentile

-8.4%

Higher net margin than 26% of similar nonprofits.

2020 filings • NTEE E • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

30th percentile

$130,184

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2020 filings • NTEE E • $5M-$10M nonprofits • Source year 2020

Asset Growth

28th percentile

-0.2%

Faster asset growth than 28% of similar nonprofits.

2020 filings • NTEE E • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

16%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • NTEE E • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$5,425,383

Down $11,304 (-0.2%) from 2019

Net Assets

Down

-$4,609,441

Down $176,879 (-4.0%) from 2019

Liabilities

Up

$10,034,824

Up $165,575 (+1.7%) from 2019

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin26th percentile

Revenue

Up

$1,790,392

Up $249,699 (+16%) from 2019

Expenses

Up

$1,939,962

Up $389,768 (+25%) from 2019

Net Income

Down

-$149,570

Down $140,069 (-1474%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $6,870,527Liabilities 2011: $10,169,961Net Assets 2011: -$3,299,4342011Assets 2012: $6,544,668Liabilities 2012: $10,049,004Net Assets 2012: -$3,504,3362012Assets 2013: $6,242,133Liabilities 2013: $9,918,098Net Assets 2013: -$3,675,9652013Assets 2014: $6,068,308Liabilities 2014: $10,138,700Net Assets 2014: -$4,070,3922014Assets 2015: $6,273,536Liabilities 2015: $10,287,608Net Assets 2015: -$4,014,0722015Assets 2016: $5,882,688Liabilities 2016: $10,158,334Net Assets 2016: -$4,275,6462016Assets 2017: $5,738,861Liabilities 2017: $10,192,333Net Assets 2017: -$4,453,4722017Assets 2018: $5,441,307Liabilities 2018: $9,864,368Net Assets 2018: -$4,423,0612018Assets 2019: $5,436,687Liabilities 2019: $9,869,249Net Assets 2019: -$4,432,5622019Assets 2020: $5,425,383Liabilities 2020: $10,034,824Net Assets 2020: -$4,609,4412020Assets 2021: $5,654,902Liabilities 2021: $10,041,442Net Assets 2021: -$4,386,5402021Assets 2022: $5,661,713Liabilities 2022: $9,881,190Net Assets 2022: -$4,219,4772022Assets 2023: $6,021,974Liabilities 2023: $10,207,630Net Assets 2023: -$4,185,6562023Assets 2024: $6,374,920Liabilities 2024: $10,100,642Net Assets 2024: -$3,725,7222024

Highlighted filing

2020

Assets$5,425,383
Liabilities$10,034,824
Net Assets-$4,609,441
Open 2020 Filing

Operations Trend

Revenue Growth74th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $664,551Expenses 2011: $932,674Net Income 2011: -$268,1232011Expenses 2012: $1,016,9112012Revenue 2013: $813,622Expenses 2013: $985,251Net Income 2013: -$171,6292013Revenue 2014: $819,092Expenses 2014: $1,213,519Net Income 2014: -$394,4272014Revenue 2015: $1,278,724Expenses 2015: $1,222,404Net Income 2015: $56,3202015Revenue 2016: $985,833Expenses 2016: $1,247,407Net Income 2016: -$261,5742016Revenue 2017: $1,255,473Expenses 2017: $1,433,299Net Income 2017: -$177,8262017Revenue 2018: $1,335,089Expenses 2018: $1,304,678Net Income 2018: $30,4112018Revenue 2019: $1,540,693Expenses 2019: $1,550,194Net Income 2019: -$9,5012019Revenue 2020: $1,790,392Expenses 2020: $1,939,962Net Income 2020: -$149,5702020Revenue 2021: $1,882,162Expenses 2021: $1,659,261Net Income 2021: $222,9012021Revenue 2022: $1,953,880Expenses 2022: $1,786,817Net Income 2022: $167,0632022Revenue 2023: $1,950,204Expenses 2023: $1,916,383Net Income 2023: $33,8212023Revenue 2024: $1,940,639Expenses 2024: $1,480,705Net Income 2024: $459,9342024

Highlighted filing

2020

Revenue$1,790,392
Expenses$1,939,962
Net Income-$149,570
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 9, 2021
Return Version
2019v5.2
Gross Receipts
$1,790,392
Mission and Program Overview

Mission

Rental housing for eligible elderly low income individuals.

Rental housing for eligible elderly low income individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,570,017$4,909,307▲ $339,290
Savings and Temporary Cash Investments$769,748$394,069▼ $375,679
Cash and Non-Interest-Bearing Accounts$47,929$111,280▲ $63,351
Accounts Receivable$3,260$9,420▲ $6,160
Prepaid Expenses and Deferred Charges$45,733$417▼ $45,316
Total Assets$5,436,687$5,425,383▼ $11,304
Other Assets Total$0$890▲ $890
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,559,000$9,559,000→ $0
Accounts Payable and Accrued Expenses$248,255$413,038▲ $164,783
Escrow Account Liability$32,134$32,209▲ $75
Unsecured Notes Loans Payable$29,860$29,860→ $0
Deferred Revenue-$717-
Total Liabilities$9,869,249$10,034,824▲ $165,575
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,432,562$-4,609,441▼ $176,879
Total Net Assets Fund Balance$-4,432,562$-4,609,441▼ $176,879
Total Liabilities and Net Assets / Fund Balance$5,436,687$5,425,383▼ $11,304

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,252,659$6,024,341$10,277,000
Equipment$605,648$191,868$797,516
Land$51,000-$51,000
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Walter M RobertsExecutive DirectorPT$130,184$130,184
Lorenzo CesareDirector of FinancePT$106,571$106,571

Board Members and Trustees

NameTitle
Brad BeckstormPresident
Jonathan VazconesVice President
Brain BlakeDirector
Carlos DiazDirector
Gemma ThomasDirector
Kevin BarretDirector
Madison BedardDirector
Michael CollazoDirector
Patrick YoungDirector
Stacy CrawfordDirector
Varun SanyalDirector
William OfenlochDirector
Max MarkhamSecretary
Anthony P NelsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,788,542
Investment Income
$735
Other Revenue
$1,115
Change in Net Assets
$-149,570

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,790,392
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,790,392
Total Revenue per Form 990
$1,790,392
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,939,962
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$580,956--$580,956
Depreciation Depletion$298,188--$298,188
Fees for Services Management$127,470$149,773-$277,243
Insurance$105,838--$105,838
Office Expenses$69,258--$69,258
Fees for Services Other$26,357--$26,357
Fees for Services Accounting-$17,621-$17,621
Interest$1,165--$1,165
Other Expenses$178$333-$511
Total Functional Expenses$1,772,235$167,727$0$1,939,962

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,939,962
Total Expenses per Audited Statements$1,939,962
Total Expenses per Form 990$1,939,962
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
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The housing company engaged the services of real estate management agency to manage the day to day operations of the project. The company they engaged is related not-for-profit organization.”

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

“The completed form 990 was submitted to all board members via us mail or electronic mail prior to submission to the irs, the 990 was approved by the president of the board of directors. Any questions or concerns raised by the board of directors are addressed to the executive director.”

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

“The board of directors require annual certifications by all members and key members of management. Members with conflicts are required to recuse themselves from deliberation and voting on conflicted issues”

Form 990, Part VI, Section C, Line 19

“The housing company maintains these documents at the managing agent's office. These documents are available for review by appointment only.”

Filing and Contact Details

Filer

Filer Name
Rios Senior Residence Housing
EIN
13-3738157
Phone
2128608821
Address
174 EAST 104TH STREET, NEW YORK, NY 10029

Signing Officer

Name
Walter M Roberts
Title
Executive Director
Phone
2128608821
Signed
2021-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Walter M Roberts
Formed
1993
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
1301 AVENUE OF THE AMERICAS, NEW YORK, NY 10019
Preparer
Lori Rothe Yokobosky CPA
Phone
2122970400
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization has a committee responsible for the oversight of the audit as well as the selection of the independent accountant.”

Financial Statement Notes

PART IV, LINE 2B:

“Tenants are required to provide a security deposit to the housing company based on their lease agreement. These funds are maintained in bank accounts and investments separate from the housing company's accounts. Interest earned on these accounts are credited to the tenants accounts.”

PART X, LINE 2:

“The corporation has applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax-exempt entity pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended june 30, 2020. Due to its tax-exempt status, the corporation is not subject to income taxes. The corporation is required to file and does file tax returns with the irs and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the corporation are subject to examination by the irs for a period of three years. While no income tax returns are currently being examined by the irs, tax years since 2017 remain open.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01790392
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0105838
IRS990/InsuranceGrp/TotalAmt0105838
IRS990/InterestGrp/ProgramServicesAmt01165
IRS990/InterestGrp/TotalAmt01165
IRS990/InvestmentIncomeGrp/ExclusionAmt0735
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0735
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06216209
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04570017
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04909307
IRS990/LandBldgEquipCostOrOtherBssAmt011125516
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RENTAL HOUSING FOR ELIGIBLE ELDERLY LOW INCOME INDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt09559000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt09559000
IRS990/NetAssetsOrFundBalancesBOYAmt0-4432562
IRS990/NetAssetsOrFundBalancesEOYAmt0-4609441
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-4432562
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-4609441
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0580956
IRS990/OccupancyGrp/TotalAmt0580956
IRS990/OfficeExpensesGrp/ProgramServicesAmt069258
IRS990/OfficeExpensesGrp/TotalAmt069258
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0890
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OPERATING AND MAINTENAN
IRS990/OtherExpensesGrp/Desc1SECURITY SERVICES
IRS990/OtherExpensesGrp/Desc2OTHER TAXES & PERMITS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0333
IRS990/OtherExpensesGrp/ProgramServicesAmt0327316
IRS990/OtherExpensesGrp/ProgramServicesAmt1197886
IRS990/OtherExpensesGrp/ProgramServicesAmt237623
IRS990/OtherExpensesGrp/ProgramServicesAmt3178
IRS990/OtherExpensesGrp/TotalAmt0327316
IRS990/OtherExpensesGrp/TotalAmt1197886
IRS990/OtherExpensesGrp/TotalAmt237623
IRS990/OtherExpensesGrp/TotalAmt3511
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01115
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01115
IRS990/OtherRevenueTotalAmt01115
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt045733
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0417
IRS990/PrincipalOfficerNm0WALTER M ROBERTS
IRS990/PriorPeriodAdjustmentsAmt0-27309
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW INCOME HOUSING PRO
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01788542
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01788542
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01146
IRS990/PYOtherExpensesAmt01550194
IRS990/PYOtherRevenueAmt02751
IRS990/PYProgramServiceRevenueAmt01536796
IRS990/PYRevenuesLessExpensesAmt0-9501
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01550194
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01540693
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-149570
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01789657
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0769748
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0394069
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TENANT CHARGES - 2015 AMOUNT: $ 0. 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 1,115. MISCELLANEOUS INCOME - 2015 AMOUNT: $ 3,619. 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 1,820. 2018 AMOUNT: $ 2,751. LAUNDRY AND VENDING REVENUE MISCELLANEOUS - 2016 AMOUNT: $ 281,187. 2017 AMOUNT: $ 644. 2018 AMOUNT: $ 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0735
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01146
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01102
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01053
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02112
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06148
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01788542
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01536796
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01331523
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0973233
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0980102
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06610196
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0735
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01146
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01102
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01053
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02112
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06148
IRS990ScheduleA/InvestmentIncomeCYPct00.00090
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01115
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02751
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02464
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0281187
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03619
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0291136
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95700
IRS990ScheduleA/PublicSupportPY509Pct00.95360
IRS990ScheduleA/PublicSupportTotal509Amt06610196
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01788542
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01536796
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01331523
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0973233
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0980102
IRS990ScheduleA/Total509Grp/TotalAmt06610196
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01790392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01540693
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01335089
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01255473
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0985833
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06907480
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04252659
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06024341
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010277000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0605648
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0191868
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0797516
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01939962
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt051000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt051000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01790392
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANTS ARE REQUIRED TO PROVIDE A SECURITY DEPOSIT TO THE HOUSING COMPANY BASED ON THEIR LEASE AGREEMENT. THESE FUNDS ARE MAINTAINED IN BANK ACCOUNTS AND INVESTMENTS SEPARATE FROM THE HOUSING COMPANY'S ACCOUNTS. INTEREST EARNED ON THESE ACCOUNTS ARE CREDITED TO THE TENANTS ACCOUNTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2020. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2017 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$5,425,383
Liabilities
$10,034,824
Net assets
-$4,609,441
Revenue
$1,790,392
Expenses
$1,939,962
Net income
-$149,570
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.37$10.1$3.73$1.94$1.48$0.46
2023Detailed filing. Detailed filing data is available for this year.$6.02$10.2$4.19$1.95$1.92$0.03
2022Detailed filing. Detailed filing data is available for this year.$5.66$9.88$4.22$1.95$1.79$0.17
2021Detailed filing. Detailed filing data is available for this year.$5.65$10.0$4.39$1.88$1.66$0.22
2020Detailed filing. Detailed filing data is available for this year.$5.43$10.0$4.61$1.79$1.94$0.15
2019Detailed filing. Detailed filing data is available for this year.$5.44$9.87$4.43$1.54$1.55$0.01
2018Detailed filing. Detailed filing data is available for this year.$5.44$9.86$4.42$1.34$1.30$0.03
2017Detailed filing. Detailed filing data is available for this year.$5.74$10.2$4.45$1.26$1.43$0.18
2016Detailed filing. Detailed filing data is available for this year.$5.88$10.2$4.28$0.99$1.25$0.26
2015Detailed filing. Detailed filing data is available for this year.$6.27$10.3$4.01$1.28$1.22$0.06
2014Detailed filing. Detailed filing data is available for this year.$6.07$10.1$4.07$0.82$1.21$0.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.24$9.92$3.68$0.81$0.99$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.54$10.0$3.50$1.02
2011Summary only. Only limited summary data is available for this year.$6.87$10.2$3.30$0.66$0.93$0.27