Civic Intelligence

Lucille C Clark Housing Development Fund Company Inc

990 • Fiscal year 2017 • EIN 13-3947331

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 14, 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

95th percentile

2.02x

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

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

Liabilities / Revenue

83rd percentile

10.56x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

38th percentile

-16%

Higher net margin than 38% 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 24.2% of source-year revenue.

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

Asset Growth

56th percentile

-1.5%

Faster asset growth than 56% of similar nonprofits.

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

Revenue Growth

81st percentile

18%

Faster revenue growth than 81% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$3,505,547

Down $52,649 (-1.5%) from 2016

Net Assets

Down

-$3,582,168

Down $230,841 (-6.9%) from 2016

Liabilities

Up

$7,087,715

Up $178,192 (+2.6%) from 2016

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin38th percentile

Revenue

Up

$671,279

Up $100,523 (+18%) from 2016

Expenses

Down

$777,867

Down $77,883 (-9.1%) from 2016

Net Income

Up

-$106,588

Up $178,406 (+63%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$10M$5.0M$0-$5.0M-$10MAssets 2011: $4,507,770Liabilities 2011: $6,867,877Net Assets 2011: -$2,360,1072011Assets 2012: $4,329,309Liabilities 2012: $6,829,969Net Assets 2012: -$2,500,6602012Assets 2013: $4,170,038Liabilities 2013: $6,815,584Net Assets 2013: -$2,645,5462013Assets 2014: $3,926,872Liabilities 2014: $6,798,083Net Assets 2014: -$2,871,2112014Assets 2015: $3,729,729Liabilities 2015: $6,796,062Net Assets 2015: -$3,066,3332015Assets 2016: $3,558,196Liabilities 2016: $6,909,523Net Assets 2016: -$3,351,3272016Assets 2017: $3,505,547Liabilities 2017: $7,087,715Net Assets 2017: -$3,582,1682017Assets 2018: $3,229,819Liabilities 2018: $6,913,649Net Assets 2018: -$3,683,8302018Assets 2019: $2,997,757Liabilities 2019: $7,159,049Net Assets 2019: -$4,161,2922019Assets 2020: $2,843,278Liabilities 2020: $7,223,070Net Assets 2020: -$4,379,7922020Assets 2021: $2,660,768Liabilities 2021: $7,322,196Net Assets 2021: -$4,661,4282021Assets 2022: $2,756,754Liabilities 2022: $7,687,125Net Assets 2022: -$4,930,3712022Assets 2023: $2,724,254Liabilities 2023: $7,891,411Net Assets 2023: -$5,167,1572023Assets 2024: $2,615,711Liabilities 2024: $8,181,136Net Assets 2024: -$5,565,4252024

Highlighted filing

2017

Assets$3,505,547
Liabilities$7,087,715
Net Assets-$3,582,168
Open 2017 Filing

Operations Trend

Revenue Growth81st percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $513,464Expenses 2011: $729,468Net Income 2011: -$216,0042011Revenue 2012: $536,366Expenses 2012: $676,919Net Income 2012: -$140,5532012Revenue 2013: $506,536Expenses 2013: $651,422Net Income 2013: -$144,8862013Revenue 2014: $537,764Expenses 2014: $763,503Net Income 2014: -$225,7392014Revenue 2015: $532,580Expenses 2015: $727,702Net Income 2015: -$195,1222015Revenue 2016: $570,756Expenses 2016: $855,750Net Income 2016: -$284,9942016Revenue 2017: $671,279Expenses 2017: $777,867Net Income 2017: -$106,5882017Revenue 2018: $747,378Expenses 2018: $849,040Net Income 2018: -$101,6622018Revenue 2019: $773,991Expenses 2019: $1,251,453Net Income 2019: -$477,4622019Revenue 2020: $762,935Expenses 2020: $981,435Net Income 2020: -$218,5002020Revenue 2021: $778,673Expenses 2021: $1,060,309Net Income 2021: -$281,6362021Revenue 2022: $771,321Expenses 2022: $1,040,264Net Income 2022: -$268,9432022Revenue 2023: $933,136Expenses 2023: $1,064,477Net Income 2023: -$131,3412023Revenue 2024: $821,923Expenses 2024: $1,114,076Net Income 2024: -$292,1532024

Highlighted filing

2017

Revenue$671,279
Expenses$777,867
Net Income-$106,588
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 14, 2018
Return Version
2016v3.0
Gross Receipts
$671,279
Mission and Program Overview

Mission

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

To provide clean, affordable, safe housing for senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,158,641$2,918,410▼ $240,231
Accounts Receivable$11,205$134,224▲ $123,019
Cash and Non-Interest-Bearing Accounts$88,312$71,984▼ $16,328
Prepaid Expenses and Deferred Charges$691$3,186▲ $2,495
Total Assets$3,558,196$3,505,547▼ $52,649
Other Assets Total$299,347$377,743▲ $78,396
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,747,100$6,747,100→ $0
Other Liabilities$136,107$271,926▲ $135,819
Accounts Payable and Accrued Expenses$22,846$67,831▲ $44,985
Deferred Revenue$3,470$858▼ $2,612
Total Liabilities$6,909,523$7,087,715▲ $178,192
Net Assets / Fund Balance
Unrestricted Net Assets$-3,351,327$-3,582,168▼ $230,841
Total Net Assets Fund Balance$-3,351,327$-3,582,168▼ $230,841
Total Liabilities and Net Assets / Fund Balance$3,558,196$3,505,547▼ $52,649

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,865,771$3,719,757$6,585,528
Equipment$21,639$37,464$59,103
Land$31,000-$31,000
Other Land Buildings$0$468$468
Other Assets Org$50,303--
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
John WarrenCHAIRman
Christopher CirilloExecutive Director/president
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
Leticia GotayOUTGOING board member
Nadia DrewSecretary
Kristen SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$664,140
Investment Income
$1,007
Other Revenue
$6,132
Change in Net Assets
$-106,588

Audited Revenue Reconciliation

Revenue per Audited Statements
$671,279
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$671,279
Total Revenue per Form 990
$671,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$777,867
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
Depreciation Depletion$240,231--$240,231
Occupancy$122,586--$122,586
Fees for Services Management$66,351--$66,351
Insurance$33,360--$33,360
Office Expenses$17,565--$17,565
Fees for Services Accounting$10,410--$10,410
Advertising$5,334--$5,334
Other Expenses$1,135--$1,135
Total Functional Expenses$777,867$0$0$777,867

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$777,867
Total Expenses per Audited Statements$777,867
Total Expenses per Form 990$777,867
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$135,773
Due to related entity$122,669
Tenant deposits held in trust$13,484
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“the 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 organization's Form 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

“Documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lucille C Clark Housing Development
EIN
13-3947331
Phone
2124103153
Address
421 East 116Th Street, New York, NY 10029

Signing Officer

Name
Christopher Cirillo
Title
Executive director/president
Phone
2124103153
Signed
2018-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Cirillo
Formed
1997
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 -124,253.”

Form 990 XII line 2C explanation

“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 X, Line 2:

“The Corporation did not have any unrelated business income for the years ended September 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 company 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, returns for the years ended September 30, 2014 and after remain open.”

Raw XML AppendixShowing 400 of 778 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/LandBldgEquipCostOrOtherBssAmt06676099
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt01028
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt01028
IRS990/MissionDesc0To provide clean, affordable, safe housing for senior citizens in the local commmunity.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06747100
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06747100
IRS990/NetAssetsOrFundBalancesBOYAmt0-3351327
IRS990/NetAssetsOrFundBalancesEOYAmt0-3582168
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0122586
IRS990/OccupancyGrp/TotalAmt0122586
IRS990/OfficeExpensesGrp/ProgramServicesAmt017565
IRS990/OfficeExpensesGrp/TotalAmt017565
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0299347
IRS990/OtherAssetsTotalGrp/EOYAmt0377743
IRS990/OtherChangesInNetAssetsAmt0-124253
IRS990/OtherExpensesGrp/Desc0SECURITY
IRS990/OtherExpensesGrp/Desc1REPAIRS
IRS990/OtherExpensesGrp/Desc2PERMITS
IRS990/OtherExpensesGrp/Desc3FINANCIAL EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0215098
IRS990/OtherExpensesGrp/ProgramServicesAmt158333
IRS990/OtherExpensesGrp/ProgramServicesAmt27464
IRS990/OtherExpensesGrp/ProgramServicesAmt31135
IRS990/OtherExpensesGrp/TotalAmt0215098
IRS990/OtherExpensesGrp/TotalAmt158333
IRS990/OtherExpensesGrp/TotalAmt27464
IRS990/OtherExpensesGrp/TotalAmt31135
IRS990/OtherLiabilitiesGrp/BOYAmt0136107
IRS990/OtherLiabilitiesGrp/EOYAmt0271926
IRS990/OtherRevenueMiscGrp/BusinessCd0900000
IRS990/OtherRevenueMiscGrp/BusinessCd1900000
IRS990/OtherRevenueMiscGrp/BusinessCd2900000
IRS990/OtherRevenueMiscGrp/Desc0Laundry and vending
IRS990/OtherRevenueMiscGrp/Desc1Parking Income
IRS990/OtherRevenueMiscGrp/Desc2Key Charges
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03619
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11410
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt275
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03619
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11410
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt275
IRS990/OtherRevenueTotalAmt06132
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0691
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03186
IRS990/PrincipalOfficerNm0CHRISTOPHER CIRILLO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0Rental income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0664140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0664140
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0491
IRS990/PYOtherExpensesAmt0855750
IRS990/PYOtherRevenueAmt026842
IRS990/PYProgramServiceRevenueAmt0543423
IRS990/PYRevenuesLessExpensesAmt0-284994
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0855750
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0570756
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-106588
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0670272
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Laundry and vending - 2014 Amount: $ 2,611. 2015 Amount: $ 2,408. 2016 Amount: $ 3,619. Security Deposits - 2014 Amount: $ 353. Bank Credit Fees - 2014 Amount: $ 150. misc Income - 2014 Amount: $ 496. 2015 Amount: $ 23,310. 2016 Amount: $ 1,028. Parking Income - 2015 Amount: $ 1,099. 2016 Amount: $ 1,410. Key Charges - 2015 Amount: $ 25. 2016 Amount: $ 75.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01007
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0491
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt089
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01647
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0664140
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0543423
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0528948
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0537726
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0506447
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02780684
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01007
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0491
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt089
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01647
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt06132
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt026842
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03610
IRS990ScheduleA/OtherIncome509Grp/TotalAmt036584
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98640
IRS990ScheduleA/PublicSupportPY509Pct00.98840
IRS990ScheduleA/PublicSupportTotal509Amt02780684
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0664140
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0543423
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0528948
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0537726
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0506447
IRS990ScheduleA/Total509Grp/TotalAmt02780684
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0671279
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0570756
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0532580
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0537764
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0506536
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02818915
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02865771
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03719757
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06585528
IRS990ScheduleD/EquipmentGrp/BookValueAmt021639
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037464
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059103
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0777867
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt031000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt031000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02150
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt112655
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2312635
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt350303
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Secuirty Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Tenant deposits held in trust
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Replacement reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Residual receipts Reserve
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0468
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0468
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0122669
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113484
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2135773
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to related entity
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant deposits held in trust
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2accrued shelter tax
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0671279
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation did not have any unrelated business income for the years ended September 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 company 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, returns for the years ended September 30, 2014 and after remain open.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02918410
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0377743
IRS990ScheduleD/TotalExpensesPerForm990Amt0777867
IRS990ScheduleD/TotalLiabilityAmt0271926
IRS990ScheduleD/TotalRevenuePerForm990Amt0671279
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0671279
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0777867
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,505,547
Liabilities
$7,087,715
Net assets
-$3,582,168
Revenue
$671,279
Expenses
$777,867
Net income
-$106,588
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.62$8.18$5.57$0.82$1.11$0.29
2023Detailed filing. Detailed filing data is available for this year.$2.72$7.89$5.17$0.93$1.06$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$7.69$4.93$0.77$1.04$0.27
2021Detailed filing. Detailed filing data is available for this year.$2.66$7.32$4.66$0.78$1.06$0.28
2020Detailed filing. Detailed filing data is available for this year.$2.84$7.22$4.38$0.76$0.98$0.22
2019Detailed filing. Detailed filing data is available for this year.$3.00$7.16$4.16$0.77$1.25$0.48
2018Detailed filing. Detailed filing data is available for this year.$3.23$6.91$3.68$0.75$0.85$0.10
2017Detailed filing. Detailed filing data is available for this year.$3.51$7.09$3.58$0.67$0.78$0.11
2016Detailed filing. Detailed filing data is available for this year.$3.56$6.91$3.35$0.57$0.86$0.28
2015Detailed filing. Detailed filing data is available for this year.$3.73$6.80$3.07$0.53$0.73$0.20
2014Detailed filing. Detailed filing data is available for this year.$3.93$6.80$2.87$0.54$0.76$0.23
2013Summary only. Only limited summary data is available for this year.$4.17$6.82$2.65$0.51$0.65$0.14
2012Summary only. Only limited summary data is available for this year.$4.33$6.83$2.50$0.54$0.68$0.14
2011Summary only. Only limited summary data is available for this year.$4.51$6.87$2.36$0.51$0.73$0.22