Civic Intelligence

Lucille C Clark Housing Development Fund Company Inc

990 • Fiscal year 2021 • EIN 13-3947331

Oct 01, 2020 to Sep 30, 2021 • Filed on May 05, 2022

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

2.75x

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

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

9.40x

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

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Net Margin

17th percentile

-36%

Higher net margin than 17% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

79th percentile

$224,740

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 28.9% of source-year revenue.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Asset Growth

13th percentile

-6.4%

Faster asset growth than 13% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

51st percentile

2.1%

Faster revenue growth than 51% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$2,660,768

Down $182,510 (-6.4%) from 2020

Net Assets

Down

-$4,661,428

Down $281,636 (-6.4%) from 2020

Liabilities

Up

$7,322,196

Up $99,126 (+1.4%) from 2020

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin17th percentile

Revenue

Up

$778,673

Up $15,738 (+2.1%) from 2020

Expenses

Up

$1,060,309

Up $78,874 (+8.0%) from 2020

Net Income

Down

-$281,636

Down $63,136 (-29%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth13th 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

2021

Assets$2,660,768
Liabilities$7,322,196
Net Assets-$4,661,428
Open 2021 Filing

Operations Trend

Revenue Growth51st 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

2021

Revenue$778,673
Expenses$1,060,309
Net Income-$281,636
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
May 5, 2022
Return Version
2020v4.2
Gross Receipts
$778,673
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$2,211,291$1,991,661▼ $219,630
Cash and Non-Interest-Bearing Accounts$26,094--
Accounts Receivable$11,780$15,681▲ $3,901
Prepaid Expenses and Deferred Charges$5,998$12,049▲ $6,051
Total Assets$2,843,278$2,660,768▼ $182,510
Other Assets Total$588,115$641,377▲ $53,262
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,747,100$6,747,100→ $0
Other Liabilities$306,683$306,819▲ $136
Accounts Payable and Accrued Expenses$167,711$265,787▲ $98,076
Deferred Revenue$1,576$2,490▲ $914
Total Liabilities$7,223,070$7,322,196▲ $99,126
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,379,792$-4,661,428▼ $281,636
Total Net Assets Fund Balance$-4,379,792$-4,661,428▼ $281,636
Total Liabilities and Net Assets / Fund Balance$2,843,278$2,660,768▼ $182,510

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,960,193$4,658,428$6,618,621
Equipment$0$59,510$59,510
Land$31,000-$31,000
Other Land Buildings$468-$468
Other Assets Org$290,208--
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$770,039
Investment Income
$1,151
Other Revenue
$7,483
Change in Net Assets
$-281,636

Audited Revenue Reconciliation

Revenue per Audited Statements
$778,673
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$778,673
Total Revenue per Form 990
$778,673
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,060,309
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$254,000--$254,000
Depreciation Depletion$240,630--$240,630
Fees for Services Management$65,143--$65,143
Insurance$64,454--$64,454
Office Expenses$23,360--$23,360
Fees for Services Accounting-$15,488-$15,488
Fees for Services Legal$3,919--$3,919
Other Expenses$507--$507
All Other Expenses$454--$454
Total Functional Expenses$1,044,821$15,488$0$1,060,309

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,060,309
Total Expenses per Audited Statements$1,060,309
Total Expenses per Form 990$1,060,309
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$14,265
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
Yes
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
2022-05-05
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
14 SYLVAN WAY, PARSIPPANY, NJ 07054-3801
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, 2021 and 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 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, 2018 and after remain open.”

Raw XML AppendixShowing 400 of 772 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/OccupancyGrp/ProgramServicesAmt0254000
IRS990/OccupancyGrp/TotalAmt0254000
IRS990/OfficeExpensesGrp/ProgramServicesAmt023360
IRS990/OfficeExpensesGrp/TotalAmt023360
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0588115
IRS990/OtherAssetsTotalGrp/EOYAmt0641377
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SECURITY
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3BAD DEBTS
IRS990/OtherExpensesGrp/ProgramServicesAmt0302327
IRS990/OtherExpensesGrp/ProgramServicesAmt186572
IRS990/OtherExpensesGrp/ProgramServicesAmt23455
IRS990/OtherExpensesGrp/ProgramServicesAmt3507
IRS990/OtherExpensesGrp/TotalAmt0302327
IRS990/OtherExpensesGrp/TotalAmt186572
IRS990/OtherExpensesGrp/TotalAmt23455
IRS990/OtherExpensesGrp/TotalAmt3507
IRS990/OtherLiabilitiesGrp/BOYAmt0306683
IRS990/OtherLiabilitiesGrp/EOYAmt0306819
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER MISCELLANEOUS CH
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/Desc2PARKING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04320
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt12503
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2660
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04320
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12503
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2660
IRS990/OtherRevenueTotalAmt07483
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05998
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012049
IRS990/PrincipalOfficerNm0CHRISTOPHER CIRILLO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0770039
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0770039
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01327
IRS990/PYOtherExpensesAmt0981435
IRS990/PYOtherRevenueAmt05258
IRS990/PYProgramServiceRevenueAmt0756350
IRS990/PYRevenuesLessExpensesAmt0-218500
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0981435
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0762935
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-281636
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0777522
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PARKING INCOME - 2016 AMOUNT: $ 1,410. 2017 AMOUNT: $ 1,320. 2018 AMOUNT: $ 1,113. 2019 AMOUNT: $ 990. 2020 AMOUNT: $ 660. KEY CHARGES - 2016 AMOUNT: $ 75. 2018 AMOUNT: $ 50. MISC INCOME - 2016 AMOUNT: $ 1,028. BANK CREDIT FEES - SECURITY DEPOSITS - LAUNDRY AND VENDING - 2016 AMOUNT: $ 3,619. 2017 AMOUNT: $ 3,151. 2018 AMOUNT: $ 3,399. 2019 AMOUNT: $ 4,268. 2020 AMOUNT: $ 2,503. OTHER MISCELLANEOUS EXPENSES - 2020 AMOUNT: $ 4,320.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01151
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01327
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01365
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0817
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01007
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05667
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0770039
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0756350
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0768064
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0742090
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0664140
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03700683
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01151
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01327
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01365
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0817
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01007
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05667
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/InvestmentIncomePYPct00.00140
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt07483
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05258
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt04562
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04471
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06132
IRS990ScheduleA/OtherIncome509Grp/TotalAmt027906
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99100
IRS990ScheduleA/PublicSupportPY509Pct00.98520
IRS990ScheduleA/PublicSupportTotal509Amt03700683
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0770039
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0756350
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0768064
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0742090
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0664140
IRS990ScheduleA/Total509Grp/TotalAmt03700683
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0778673
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0762935
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0773991
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0747378
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0671279
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03734256
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01960193
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04658428
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06618621
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt059510
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059510
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01060309
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt031000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt031000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012660
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt112940
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2325569
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3290208
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UTILITIES SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0468
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0468
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019122
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114265
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/RevenueSubtotalAmt0778673
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, 2021 AND 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 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, 2018 AND AFTER REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01991661
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0641377
IRS990ScheduleD/TotalExpensesPerForm990Amt01060309
IRS990ScheduleD/TotalLiabilityAmt0306819
IRS990ScheduleD/TotalRevenuePerForm990Amt0778673
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0778673
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01060309
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/CompensationBasedOnRltdOrgsAmt0190838
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,660,768
Liabilities
$7,322,196
Net assets
-$4,661,428
Revenue
$778,673
Expenses
$1,060,309
Net income
-$281,636
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