Civic Intelligence

Lucille C Clark Housing Development Fund Company Inc

990 • Fiscal year 2019 • EIN 13-3947331

Oct 01, 2018 to Sep 30, 2019 • Filed on Jul 29, 2020

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

97th percentile

2.39x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

82nd percentile

9.25x

Higher debt load relative to revenue than 82% of similar nonprofits.

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

Net Margin

8th percentile

-62%

Higher net margin than 8% of similar nonprofits.

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

Top Officer Pay

78th percentile

$203,976

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 26.4% of source-year revenue.

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

Asset Growth

10th percentile

-7.2%

Faster asset growth than 10% of similar nonprofits.

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

Revenue Growth

58th percentile

3.6%

Faster revenue growth than 58% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$2,997,757

Down $232,062 (-7.2%) from 2018

Net Assets

Down

-$4,161,292

Down $477,462 (-13%) from 2018

Liabilities

Up

$7,159,049

Up $245,400 (+3.5%) from 2018

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin8th percentile

Revenue

Up

$773,991

Up $26,613 (+3.6%) from 2018

Expenses

Up

$1,251,453

Up $402,413 (+47%) from 2018

Net Income

Down

-$477,462

Down $375,800 (-370%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2019

Assets$2,997,757
Liabilities$7,159,049
Net Assets-$4,161,292
Open 2019 Filing

Operations Trend

Revenue Growth58th 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

2019

Revenue$773,991
Expenses$1,251,453
Net Income-$477,462
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jul 29, 2020
Return Version
2018v3.2
Gross Receipts
$773,991
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$2,678,319$2,438,380▼ $239,939
Cash and Non-Interest-Bearing Accounts$99,776$0▼ $99,776
Prepaid Expenses and Deferred Charges$3,099$13,915▲ $10,816
Accounts Receivable$1,424$4,215▲ $2,791
Total Assets$3,229,819$2,997,757▼ $232,062
Other Assets Total$447,201$541,247▲ $94,046
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,747,100$6,747,100→ $0
Other Liabilities$135,922$306,024▲ $170,102
Accounts Payable and Accrued Expenses$29,353$105,029▲ $75,676
Deferred Revenue$1,274$896▼ $378
Total Liabilities$6,913,649$7,159,049▲ $245,400
Net Assets / Fund Balance
Unrestricted Net Assets$-3,683,830$-4,161,292▼ $477,462
Total Net Assets Fund Balance$-3,683,830$-4,161,292▼ $477,462
Total Liabilities and Net Assets / Fund Balance$3,229,819$2,997,757▼ $232,062

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,407,265$4,178,263$6,585,528
Equipment$115$59,456$59,571
Land$31,000-$31,000
Other Assets Org$288,932--
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
John WarrenChairman
Kate LanglossChairman/director
Christopher CirilloExecutive Director/president
Rocco PapandreaVice President
Kristen SmithDirector
Margaret J DavinoDirector
Patricia FrancisDirector
Patricia SuarezDirector
Peter HandalDirector
Nadia DrewSecretary
Kristina WiigTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$768,064
Investment Income
$1,365
Other Revenue
$4,562
Change in Net Assets
$-477,462

Audited Revenue Reconciliation

Revenue per Audited Statements
$773,991
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$773,991
Total Revenue per Form 990
$773,991
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,251,453
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$293,512--$293,512
Depreciation Depletion$239,939--$239,939
Fees for Services Management$78,124--$78,124
Insurance$23,572--$23,572
Office Expenses$18,528--$18,528
Fees for Services Accounting-$16,884-$16,884
Other Expenses$1,449$169,885-$1,449
Total Functional Expenses$1,064,684$186,769$0$1,251,453

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,251,453
Total Expenses per Audited Statements$1,251,453
Total Expenses per Form 990$1,251,453
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 Residual Receipts$273,432
Due to Related Entity$19,122
Tenant Deposits Held in Trust$13,470
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
2020-07-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Cirillo
Formed
1997
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
4 BECKER FARM ROAD, ROSELAND, NJ 07068
Preparer
Lori Rothe Yokobosky CPA
Phone
9732283500
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 X, LINE 2:

“The corporation is exempt from income taxes under section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the years ended september 30, 2019 and 2018. 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, 2016 and after remain open.”

Raw XML AppendixShowing 400 of 756 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/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SECURITY
IRS990/OtherExpensesGrp/Desc1MISC. FINANCIAL EXPENSE
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3OTHER TAXES, LICENSES A
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0169885
IRS990/OtherExpensesGrp/ProgramServicesAmt0281201
IRS990/OtherExpensesGrp/ProgramServicesAmt1273
IRS990/OtherExpensesGrp/ProgramServicesAmt2128086
IRS990/OtherExpensesGrp/ProgramServicesAmt31449
IRS990/OtherExpensesGrp/TotalAmt0281201
IRS990/OtherExpensesGrp/TotalAmt1170158
IRS990/OtherExpensesGrp/TotalAmt2128086
IRS990/OtherExpensesGrp/TotalAmt31449
IRS990/OtherLiabilitiesGrp/BOYAmt0135922
IRS990/OtherLiabilitiesGrp/EOYAmt0306024
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/Desc1PARKING INCOME
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03399
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11113
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt250
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03399
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11113
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt250
IRS990/OtherRevenueTotalAmt04562
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03099
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013915
IRS990/PrincipalOfficerNm0CHRISTOPHER CIRILLO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0768064
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0768064
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0817
IRS990/PYOtherExpensesAmt0849040
IRS990/PYOtherRevenueAmt04471
IRS990/PYProgramServiceRevenueAmt0742090
IRS990/PYRevenuesLessExpensesAmt0-101662
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0849040
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0747378
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-477462
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0772626
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PARKING INCOME - 2014 AMOUNT: $ 2,611. 2015 AMOUNT: $ 1,099. 2016 AMOUNT: $ 1,410. 2017 AMOUNT: $ 1,320. 2018 AMOUNT: $ 1,113. KEY CHARGES - 2015 AMOUNT: $ 25. 2016 AMOUNT: $ 75. 2018 AMOUNT: $ 50. MISC INCOME - 2014 AMOUNT: $ 496. 2015 AMOUNT: $ 23,310. 2016 AMOUNT: $ 1,028. BANK CREDIT FEES - 2014 AMOUNT: $ 150. SECURITY DEPOSITS - 2014 AMOUNT: $ 353. LAUNDRY AND VENDING - 2015 AMOUNT: $ 2,408. 2016 AMOUNT: $ 3,619. 2017 AMOUNT: $ 3,151. 2018 AMOUNT: $ 3,399.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01365
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0817
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01007
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0491
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03702
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0768064
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0742090
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0664140
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0543423
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0528948
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03246665
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01365
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0817
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01007
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0491
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03702
IRS990ScheduleA/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04562
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04471
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt06132
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt026842
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03610
IRS990ScheduleA/OtherIncome509Grp/TotalAmt045617
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98500
IRS990ScheduleA/PublicSupportPY509Pct00.98580
IRS990ScheduleA/PublicSupportTotal509Amt03246665
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0768064
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0742090
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0664140
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0543423
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0528948
IRS990ScheduleA/Total509Grp/TotalAmt03246665
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0773991
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0747378
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0671279
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0570756
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0532580
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03295984
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02407265
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04178263
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06585528
IRS990ScheduleD/EquipmentGrp/BookValueAmt0115
IRS990ScheduleD/EquipmentGrp/DepreciationAmt059456
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059571
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01251453
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt031000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt031000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02150
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt113298
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2236867
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3288932
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UTILITIES SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019122
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2273432
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ENTITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED RESIDUAL RECEIPTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0773991
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED SEPTEMBER 30, 2019 AND 2018. 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, 2016 AND AFTER REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02438380
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0541247
IRS990ScheduleD/TotalExpensesPerForm990Amt01251453
IRS990ScheduleD/TotalLiabilityAmt0306024
IRS990ScheduleD/TotalRevenuePerForm990Amt0773991
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0773991
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01251453
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt010000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0161706
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt032270
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHRISTOPHER CIRILLO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR/PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0203976

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,997,757
Liabilities
$7,159,049
Net assets
-$4,161,292
Revenue
$773,991
Expenses
$1,251,453
Net income
-$477,462
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