Civic Intelligence

Mt. Pleasant Housing Development Fund Co Inc.

990 • Fiscal year 2017 • EIN 13-3745063

Dec 01, 2016 to Nov 30, 2017 • Filed on Aug 15, 2018

Organization ProfileN/A
421 East 116th StreetNew York, NY 10029

(212) 410-3153

Siviq Scores

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

Liabilities / Assets

99th percentile

3.06x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

8.41x

Higher debt load relative to revenue than 79% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Net Margin

49th percentile

-6.6%

Higher net margin than 49% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

75th percentile

$162,273

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Asset Growth

34th percentile

-3.3%

Faster asset growth than 34% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

30%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$2,265,764

Down $78,292 (-3.3%) from 2016

Net Assets

Down

-$4,668,458

Down $379,140 (-8.8%) from 2016

Liabilities

Up

$6,934,222

Up $300,848 (+4.5%) from 2016

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin49th percentile

Revenue

Up

$824,981

Up $188,469 (+30%) from 2016

Expenses

Down

$879,605

Down $67,565 (-7.1%) from 2016

Net Income

Up

-$54,624

Up $256,034 (+82%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$10M$5.0M$0-$5.0M-$10MAssets 2011: $3,221,440Liabilities 2011: $6,696,107Net Assets 2011: -$3,474,6672011Assets 2012: $3,142,285Liabilities 2012: $6,704,856Net Assets 2012: -$3,562,5712012Assets 2014: $2,743,604Liabilities 2014: $6,543,674Net Assets 2014: -$3,800,0702014Assets 2015: $2,567,061Liabilities 2015: $6,545,721Net Assets 2015: -$3,978,6602015Assets 2016: $2,344,056Liabilities 2016: $6,633,374Net Assets 2016: -$4,289,3182016Assets 2017: $2,265,764Liabilities 2017: $6,934,222Net Assets 2017: -$4,668,4582017Assets 2018: $1,876,804Liabilities 2018: $6,755,964Net Assets 2018: -$4,879,1602018Assets 2019: $1,754,847Liabilities 2019: $7,062,071Net Assets 2019: -$5,307,2242019Assets 2020: $2,404,485Liabilities 2020: $7,531,812Net Assets 2020: -$5,127,3272020Assets 2021: $1,655,355Liabilities 2021: $6,716,873Net Assets 2021: -$5,061,5182021Assets 2022: $1,807,812Liabilities 2022: $7,062,131Net Assets 2022: -$5,254,3192022Assets 2023: $1,471,555Liabilities 2023: $7,323,915Net Assets 2023: -$5,852,3602023Assets 2024: $1,411,307Liabilities 2024: $7,321,666Net Assets 2024: -$5,910,3592024

Highlighted filing

2017

Assets$2,265,764
Liabilities$6,934,222
Net Assets-$4,668,458
Open 2017 Filing

Operations Trend

Revenue Growth87th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $601,223Expenses 2011: $777,843Net Income 2011: -$176,6202011Revenue 2012: $682,814Expenses 2012: $770,718Net Income 2012: -$87,9042012Revenue 2014: $675,579Expenses 2014: $812,944Net Income 2014: -$137,3652014Revenue 2015: $660,050Expenses 2015: $838,640Net Income 2015: -$178,5902015Revenue 2016: $636,512Expenses 2016: $947,170Net Income 2016: -$310,6582016Revenue 2017: $824,981Expenses 2017: $879,605Net Income 2017: -$54,6242017Revenue 2018: $1,022,380Expenses 2018: $1,233,082Net Income 2018: -$210,7022018Revenue 2019: $1,022,337Expenses 2019: $1,450,401Net Income 2019: -$428,0642019Revenue 2020: $1,594,318Expenses 2020: $1,414,421Net Income 2020: $179,8972020Revenue 2021: $1,491,829Expenses 2021: $1,426,020Net Income 2021: $65,8092021Revenue 2022: $1,228,054Expenses 2022: $1,420,855Net Income 2022: -$192,8012022Revenue 2023: $1,202,411Expenses 2023: $1,612,900Net Income 2023: -$410,4892023Revenue 2024: $1,279,809Expenses 2024: $1,388,076Net Income 2024: -$108,2672024

Highlighted filing

2017

Revenue$824,981
Expenses$879,605
Net Income-$54,624
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2016 to Nov 30, 2017
Signed
Aug 15, 2018
Return Version
2016v3.0
Gross Receipts
$824,981
Mission and Program Overview

Mission

To provide clean, affordable, safe housing for senior citizens in the local community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,876,774$1,710,299▼ $166,475
Accounts Receivable$23,694$216,386▲ $192,692
Cash and Non-Interest-Bearing Accounts$930$76,648▲ $75,718
Prepaid Expenses and Deferred Charges$10,614$10,851▲ $237
Total Assets$2,344,056$2,265,764▼ $78,292
Other Assets Total$432,044$251,580▼ $180,464
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,416,819$6,323,344▼ $93,475
Other Liabilities$162,698$535,523▲ $372,825
Accounts Payable and Accrued Expenses$51,753$74,487▲ $22,734
Deferred Revenue$2,104$868▼ $1,236
Total Liabilities$6,633,374$6,934,222▲ $300,848
Net Assets / Fund Balance
Unrestricted Net Assets$-4,289,318$-4,668,458▼ $379,140
Total Net Assets Fund Balance$-4,289,318$-4,668,458▼ $379,140
Total Liabilities and Net Assets / Fund Balance$2,344,056$2,265,764▼ $78,292

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,674,819$4,588,227$6,263,046
Equipment$3,980$125,673$129,653
Other Land Buildings$0$35,716$35,716
Land$31,500-$31,500
Other Assets Org$227,606--
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
John WarrenCHAIRman
Rocco PapandreaVICE CHAIRman
Brenda J BrownBoard Member
Kent LanglossBoard Member
Kristina WiigBoard Member
Margaret J DavinoBoard Member
Patricia FrancisBoard Member
Patricia SuarezBoard Member
peter handalBoard Member
Christopher CirilloExecutive Director/preside
Leticia GotayOutgoing Board Member
Nadia DrewSecretary
Kristen SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$824,078
Investment Income
$903
Other Revenue
$0
Change in Net Assets
$-54,624

Audited Revenue Reconciliation

Revenue per Audited Statements
$824,981
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$824,981
Total Revenue per Form 990
$824,981
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$879,605
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$310,198--$310,198
Depreciation Depletion$233,475--$233,475
Occupancy$161,992--$161,992
Office Expenses$34,796--$34,796
Insurance$31,141--$31,141
Fees for Services Accounting$10,286--$10,286
Fees for Services Other$10,090--$10,090
Advertising$3,875--$3,875
Other Expenses$2,373--$2,373
Fees for Services Legal$754--$754
Total Functional Expenses$879,605$0$0$879,605

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$879,605
Total Expenses per Audited Statements$879,605
Total Expenses per Form 990$879,605
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
accrued shelter tax$348,514
Due to Related Party$174,460
Tenant Deposits Held in Trust$12,549
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 organization delegates management duties to Lott CDC and The Wavecrest Management Team, Ltd.”

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

“A copy of the organziations 990 is provided to management for review and comments before filing.”

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

“the organization adopted a conflict of interest policy that required for all board members and officers to annually disclose and actual or potential conflicts of interest as they arise.”

Form 990, Part VI, Section B, line 15

“compensation is determined by a related organization using the following method: THE PROCESS FOR DETERMINING COMPENSATION FOR THE PRESIDENT AND EXECUTIVE DIRECTOR IS DETERMINED BY AN EXECUTIVE COMMITTEE. TO ENSURE COMPETITIVENESS, WAGES ARE COMPARED TO OTHER AFFORDABLE HOUSING ORGANIZATIONS, BOTH FOR- AND NOT-FOR-PROFIT, OR THE LOCAL MARKET FOR POSITIONS APPLICABLE TO A BROADER COMPETITIVE MARKET.”

Form 990, Part VI, Section C, line 19

“all documents are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Mt Pleasant Housing Development Fund
EIN
13-3745063
Phone
2124103153
Address
421 EAST 116TH STREET, NEW YORK, NY 10029

Signing Officer

Name
Christopher Cirillo
Title
executive director/president
Phone
2124103153
Signed
2018-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Cirillo
Formed
1995
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
4 BECKER FARM ROAD, ROSELAND, NJ 07068
Preparer
Thomas Lanning
Phone
9732283500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“prior period adjustment -324,516.”

FORM 990 PART XII, LINE 2C:

“Oversight, review and selection process has not changed from prior year.”

Financial Statement Notes

Part X, Line 2:

“The Corporation did not have any unrelated business income for the years ended November 30, 2017 and 2016. 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 Internal Revenue Service and other taxing authorities. Accordingly, no provision for income taxes has been included in the accompanying financial statements 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 Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since ending on or after November 30, 2014 remain open.”

Raw XML AppendixShowing 400 of 768 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/LandBldgEquipAccumDeprecAmt04749616
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01876774
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01710299
IRS990/LandBldgEquipCostOrOtherBssAmt06459915
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE CLEAN, AFFORDABLE, SAFE HOUSING FOR SENIOR CITIZENS IN THE LOCAL COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06416819
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06323344
IRS990/NetAssetsOrFundBalancesBOYAmt0-4289318
IRS990/NetAssetsOrFundBalancesEOYAmt0-4668458
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0161992
IRS990/OccupancyGrp/TotalAmt0161992
IRS990/OfficeExpensesGrp/ProgramServicesAmt034796
IRS990/OfficeExpensesGrp/TotalAmt034796
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0432044
IRS990/OtherAssetsTotalGrp/EOYAmt0251580
IRS990/OtherChangesInNetAssetsAmt0-324516
IRS990/OtherExpensesGrp/Desc0Miscellaneous Oper, & M
IRS990/OtherExpensesGrp/Desc1Misc. Taxes, Licenses,
IRS990/OtherExpensesGrp/Desc2Operating and Maint.Ren
IRS990/OtherExpensesGrp/Desc3Bad Debt Expense
IRS990/OtherExpensesGrp/ProgramServicesAmt053534
IRS990/OtherExpensesGrp/ProgramServicesAmt117191
IRS990/OtherExpensesGrp/ProgramServicesAmt29900
IRS990/OtherExpensesGrp/ProgramServicesAmt32373
IRS990/OtherExpensesGrp/TotalAmt053534
IRS990/OtherExpensesGrp/TotalAmt117191
IRS990/OtherExpensesGrp/TotalAmt29900
IRS990/OtherExpensesGrp/TotalAmt32373
IRS990/OtherLiabilitiesGrp/BOYAmt0162698
IRS990/OtherLiabilitiesGrp/EOYAmt0535523
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010614
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010851
IRS990/PrincipalOfficerNm0CHRISTOPHER CIRILLO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1Tenant Charges
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0824003
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt175
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0824003
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt175
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0853
IRS990/PYOtherExpensesAmt0947170
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0635659
IRS990/PYRevenuesLessExpensesAmt0-310658
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0947170
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0636512
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-54624
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0824078
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Bank credit fee - 2014 Amount: $ 40.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0903
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0853
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt035
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0649
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt059
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02499
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0824078
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0635659
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0659975
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0674930
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0679626
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03474268
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0903
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0853
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0649
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt059
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02499
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt040
IRS990ScheduleA/OtherIncome509Grp/TotalAmt040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt03474268
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0824078
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0635659
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0659975
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0674930
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0679626
IRS990ScheduleA/Total509Grp/TotalAmt03474268
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0824981
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0636512
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0660050
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0675579
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0679685
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03476807
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01674819
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04588227
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06263046
IRS990ScheduleD/EquipmentGrp/BookValueAmt03980
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0125673
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0129653
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0879605
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt031500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt031500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt011425
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt112549
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2227606
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MISCELLANOUS OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt035716
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt035716
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012549
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1174460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2348514
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2accrued shelter tax
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0824981
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation did not have any unrelated business income for the years ended November 30, 2017 and 2016. 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 Internal Revenue Service and other taxing authorities. Accordingly, no provision for income taxes has been included in the accompanying financial statements 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 Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since ending on or after November 30, 2014 remain open.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01710299
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0251580
IRS990ScheduleD/TotalExpensesPerForm990Amt0879605
IRS990ScheduleD/TotalLiabilityAmt0535523
IRS990ScheduleD/TotalRevenuePerForm990Amt0824981
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0824981
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0879605
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/CompensationBasedOnRltdOrgsAmt0140949
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,265,764
Liabilities
$6,934,222
Net assets
-$4,668,458
Revenue
$824,981
Expenses
$879,605
Net income
-$54,624
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$7.32$5.91$1.28$1.39$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.47$7.32$5.85$1.20$1.61$0.41
2022Detailed filing. Detailed filing data is available for this year.$1.81$7.06$5.25$1.23$1.42$0.19
2021Detailed filing. Detailed filing data is available for this year.$1.66$6.72$5.06$1.49$1.43$0.07
2020Detailed filing. Detailed filing data is available for this year.$2.40$7.53$5.13$1.59$1.41$0.18
2019Detailed filing. Detailed filing data is available for this year.$1.75$7.06$5.31$1.02$1.45$0.43
2018Detailed filing. Detailed filing data is available for this year.$1.88$6.76$4.88$1.02$1.23$0.21
2017Detailed filing. Detailed filing data is available for this year.$2.27$6.93$4.67$0.82$0.88$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.34$6.63$4.29$0.64$0.95$0.31
2015Detailed filing. Detailed filing data is available for this year.$2.57$6.55$3.98$0.66$0.84$0.18
2014Detailed filing. Detailed filing data is available for this year.$2.74$6.54$3.80$0.68$0.81$0.14
2012Summary only. Only limited summary data is available for this year.$3.14$6.70$3.56$0.68$0.77$0.09
2011Summary only. Only limited summary data is available for this year.$3.22$6.70$3.47$0.60$0.78$0.18