Civic Intelligence

Casita Park Housing Development Fund Company Inc

990 • Fiscal year 2019 • EIN 13-3991891

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

98th percentile

2.41x

Higher debt load relative to assets than 98% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

10.45x

Higher debt load relative to revenue than 78% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2019

Net Margin

28th percentile

-37%

Higher net margin than 28% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

72nd percentile

$203,976

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 20.8% of source-year revenue.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2019

Asset Growth

3rd percentile

-7.3%

Faster asset growth than 3% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

24th percentile

-1.8%

Faster revenue growth than 24% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$4,253,407

Down $335,811 (-7.3%) from 2018

Net Assets

Down

-$5,995,661

Down $364,875 (-6.5%) from 2018

Liabilities

Up

$10,249,068

Up $29,064 (+0.3%) from 2018

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin28th percentile

Revenue

Down

$980,536

Down $18,282 (-1.8%) from 2018

Expenses

Up

$1,345,411

Up $61,895 (+4.8%) from 2018

Net Income

Down

-$364,875

Down $80,177 (-28%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$15M$10M$5.0M$0-$5.0M-$10MAssets 2011: $6,852,114Liabilities 2011: $10,495,846Net Assets 2011: -$3,643,7322011Assets 2012: $6,629,460Liabilities 2012: $10,300,762Net Assets 2012: -$3,671,3022012Assets 2013: $6,350,278Liabilities 2013: $10,259,054Net Assets 2013: -$3,908,7762013Assets 2014: $6,057,222Liabilities 2014: $10,253,850Net Assets 2014: -$4,196,6282014Assets 2015: $5,733,016Liabilities 2015: $10,239,843Net Assets 2015: -$4,506,8272015Assets 2016: $5,460,775Liabilities 2016: $10,293,514Net Assets 2016: -$4,832,7392016Assets 2017: $5,261,143Liabilities 2017: $10,607,231Net Assets 2017: -$5,346,0882017Assets 2018: $4,589,218Liabilities 2018: $10,220,004Net Assets 2018: -$5,630,7862018Assets 2019: $4,253,407Liabilities 2019: $10,249,068Net Assets 2019: -$5,995,6612019Assets 2020: $4,081,494Liabilities 2020: $10,420,713Net Assets 2020: -$6,339,2192020Assets 2021: $3,740,740Liabilities 2021: $10,481,516Net Assets 2021: -$6,740,7762021Assets 2022: $3,782,845Liabilities 2022: $11,018,667Net Assets 2022: -$7,235,8222022Assets 2023: $3,253,948Liabilities 2023: $11,007,905Net Assets 2023: -$7,753,9572023Assets 2024: $3,139,636Liabilities 2024: $11,540,174Net Assets 2024: -$8,400,5382024

Highlighted filing

2019

Assets$4,253,407
Liabilities$10,249,068
Net Assets-$5,995,661
Open 2019 Filing

Operations Trend

Revenue Growth24th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $756,673Expenses 2011: $1,024,821Net Income 2011: -$268,1482011Revenue 2012: $904,985Expenses 2012: $932,555Net Income 2012: -$27,5702012Expenses 2013: $994,0142013Revenue 2014: $762,950Expenses 2014: $1,050,802Net Income 2014: -$287,8522014Revenue 2015: $757,479Expenses 2015: $1,067,678Net Income 2015: -$310,1992015Revenue 2016: $763,692Expenses 2016: $1,089,604Net Income 2016: -$325,9122016Revenue 2017: $890,444Expenses 2017: $1,125,581Net Income 2017: -$235,1372017Revenue 2018: $998,818Expenses 2018: $1,283,516Net Income 2018: -$284,6982018Revenue 2019: $980,536Expenses 2019: $1,345,411Net Income 2019: -$364,8752019Revenue 2020: $1,020,753Expenses 2020: $1,364,311Net Income 2020: -$343,5582020Revenue 2021: $1,101,229Expenses 2021: $1,502,786Net Income 2021: -$401,5572021Revenue 2022: $1,101,353Expenses 2022: $1,596,399Net Income 2022: -$495,0462022Revenue 2023: $1,261,941Expenses 2023: $1,749,192Net Income 2023: -$487,2512023Revenue 2024: $1,083,370Expenses 2024: $1,704,187Net Income 2024: -$620,8172024

Highlighted filing

2019

Revenue$980,536
Expenses$1,345,411
Net Income-$364,875
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
$980,536
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,102,540$3,736,248▼ $366,292
Prepaid Expenses and Deferred Charges$23,934$28,646▲ $4,712
Cash and Non-Interest-Bearing Accounts$85,308$24,235▼ $61,073
Accounts Receivable$6,592$3,419▼ $3,173
Total Assets$4,589,218$4,253,407▼ $335,811
Other Assets Total$370,844$460,859▲ $90,015
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,056,299$10,056,299→ $0
Accounts Payable and Accrued Expenses$88,246$112,786▲ $24,540
Other Liabilities$73,691$73,311▼ $380
Deferred Revenue$1,768$6,672▲ $4,904
Total Liabilities$10,220,004$10,249,068▲ $29,064
Net Assets / Fund Balance
Unrestricted Net Assets$-5,630,786$-5,995,661▼ $364,875
Total Net Assets Fund Balance$-5,630,786$-5,995,661▼ $364,875
Total Liabilities and Net Assets / Fund Balance$4,589,218$4,253,407▼ $335,811

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,679,611$6,184,059$9,863,670
Other Land Buildings$9,637$110,658$120,295
Equipment$0$78,691$78,691
Land$47,000-$47,000
Other Assets Org$30,439--
Compensation and Service Providers
Top Officer Pay72nd 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
$979,343
Investment Income
$1,143
Other Revenue
$50
Change in Net Assets
$-364,875

Audited Revenue Reconciliation

Revenue per Audited Statements
$980,536
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$980,536
Total Revenue per Form 990
$980,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,345,411
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$366,292--$366,292
Occupancy$357,533--$357,533
Fees for Services Management$99,834--$99,834
Office Expenses$42,682--$42,682
Insurance$36,785--$36,785
Fees for Services Accounting-$17,304-$17,304
Fees for Services Legal$3,069--$3,069
Other Expenses$2,981--$2,981
Total Functional Expenses$1,328,107$17,304$0$1,345,411

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,345,411
Total Expenses per Audited Statements$1,345,411
Total Expenses per Form 990$1,345,411
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
Due to General Partner$47,203
Tenant Deposists Held in Trust$19,214
Due to Affiliates$6,894
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

“All documents are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Casita Park Housing Development
EIN
13-3991891
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
1999
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 751 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/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0370844
IRS990/OtherAssetsTotalGrp/EOYAmt0460859
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SECURITY
IRS990/OtherExpensesGrp/Desc1REPAIRS
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3PERMITS
IRS990/OtherExpensesGrp/ProgramServicesAmt0319355
IRS990/OtherExpensesGrp/ProgramServicesAmt189207
IRS990/OtherExpensesGrp/ProgramServicesAmt210369
IRS990/OtherExpensesGrp/ProgramServicesAmt32981
IRS990/OtherExpensesGrp/TotalAmt0319355
IRS990/OtherExpensesGrp/TotalAmt189207
IRS990/OtherExpensesGrp/TotalAmt210369
IRS990/OtherExpensesGrp/TotalAmt32981
IRS990/OtherLiabilitiesGrp/BOYAmt073691
IRS990/OtherLiabilitiesGrp/EOYAmt073311
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt050
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050
IRS990/OtherRevenueTotalAmt050
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023934
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028646
IRS990/PrincipalOfficerNm0CHRISTOPHER CIRILLO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0979343
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0979343
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01167
IRS990/PYOtherExpensesAmt01283516
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0997651
IRS990/PYRevenuesLessExpensesAmt0-284698
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01283516
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0998818
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-364875
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0979393
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SECURITY DEPOSIT FORFEITURES - 2014 AMOUNT: $ 1,344. 2015 AMOUNT: $ 186. MISC REVENUE - 2014 AMOUNT: $ 455. 2015 AMOUNT: $ 20,088. 2016 AMOUNT: $ 176. 2018 AMOUNT: $ 50. REPAIRS INCOME AND BOUNCED CHECK CHARGE - 2015 AMOUNT: $ 46. 2016 AMOUNT: $ 25. BAD DEBT RECOVERY - 2016 AMOUNT: $ 47,318.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01143
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01167
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01743
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01017
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05073
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0979343
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0997651
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0841182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0742355
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0755677
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04316208
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01143
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01743
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05073
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt047519
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt020320
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01799
IRS990ScheduleA/OtherIncome509Grp/TotalAmt069688
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98300
IRS990ScheduleA/PublicSupportPY509Pct00.98240
IRS990ScheduleA/PublicSupportTotal509Amt04316208
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0979343
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0997651
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0841182
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0742355
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0755677
IRS990ScheduleA/Total509Grp/TotalAmt04316208
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0980536
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0998818
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0890444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0763692
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0757479
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04390969
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03679611
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06184059
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09863670
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt078691
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt078691
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01345411
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt047000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt047000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016546
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1393774
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt220100
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt330439
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UTILITIES SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09637
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0110658
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0120295
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019214
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt247203
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSISTS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO GENERAL PARTNER
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0980536
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/TotalBookValueLandBuildingsAmt03736248
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0460859
IRS990ScheduleD/TotalExpensesPerForm990Amt01345411
IRS990ScheduleD/TotalLiabilityAmt073311
IRS990ScheduleD/TotalRevenuePerForm990Amt0980536
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0980536
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01345411
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
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATES MANAGEMENT DUTIES TO LOTT CDC AND THE WAVECREST MANAGEMENT TEAM, LTD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE ORGANIZATION'S FORM 990 IS PROVIDED TO MANAGEMENT FOR REVIEW AND COMMENTS BEFORE FILING.

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Filings

Displayed year

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

Open filing
Assets
$4,253,407
Liabilities
$10,249,068
Net assets
-$5,995,661
Revenue
$980,536
Expenses
$1,345,411
Net income
-$364,875
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.14$11.5$8.40$1.08$1.70$0.62
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$11.0$7.75$1.26$1.75$0.49
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.78$11.0$7.24$1.10$1.60$0.50
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$10.5$6.74$1.10$1.50$0.40
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.08$10.4$6.34$1.02$1.36$0.34
2019Detailed filing. Detailed filing data is available for this year.$4.25$10.2$6.00$0.98$1.35$0.36
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.59$10.2$5.63$1.00$1.28$0.28
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.26$10.6$5.35$0.89$1.13$0.24
2016Detailed filing. Detailed filing data is available for this year.$5.46$10.3$4.83$0.76$1.09$0.33
2015Detailed filing. Detailed filing data is available for this year.$5.73$10.2$4.51$0.76$1.07$0.31
2014Detailed filing. Detailed filing data is available for this year.$6.06$10.3$4.20$0.76$1.05$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.35$10.3$3.91$0.99
2012Summary only. Only limited summary data is available for this year.$6.63$10.3$3.67$0.90$0.93$0.03
2011Summary only. Only limited summary data is available for this year.$6.85$10.5$3.64$0.76$1.02$0.27