Civic Intelligence

Sjmc Senior Housing Development Fund Corporation

990 • Fiscal year 2016 • EIN 13-4103604

Oct 01, 2015 to Sep 30, 2016 • Filed on Mar 16, 2017

Organization ProfileN/A
122 South BroadwayYonkers, NY 10701

(914) 969-6159

Siviq Scores

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

Liabilities / Assets

88th percentile

1.34x

Higher debt load relative to assets than 88% of similar nonprofits.

2016 filings • NTEE L • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

18.79x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • NTEE L • $5M-$10M nonprofits • Source year 2016

Net Margin

14th percentile

-39%

Higher net margin than 14% of similar nonprofits.

2016 filings • NTEE L • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE L • $5M-$10M nonprofits • Source year 2016

Asset Growth

36th percentile

-2.6%

Faster asset growth than 36% of similar nonprofits.

2016 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

45th percentile

0.7%

Faster revenue growth than 45% of similar nonprofits.

2016 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$9,452,176

Down $255,351 (-2.6%) from 2015

Net Assets

Down

-$3,194,689

Down $264,857 (-9.0%) from 2015

Liabilities

Up

$12,646,865

Up $9,506 (+0.1%) from 2015

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin14th percentile

Revenue

Up

$672,988

Up $4,497 (+0.7%) from 2015

Expenses

Down

$937,845

Down $81,800 (-8.0%) from 2015

Net Income

Up

-$264,857

Up $86,297 (+25%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $11,023,773Liabilities 2010: $12,606,873Net Assets 2010: -$1,583,1002010Assets 2011: $10,833,558Liabilities 2011: $12,581,751Net Assets 2011: -$1,748,1932011Assets 2012: $10,648,065Liabilities 2012: $12,608,068Net Assets 2012: -$1,960,0032012Assets 2013: $10,292,486Liabilities 2013: $12,601,496Net Assets 2013: -$2,309,0102013Assets 2014: $10,032,944Liabilities 2014: $12,611,622Net Assets 2014: -$2,578,6782014Assets 2015: $9,707,527Liabilities 2015: $12,637,359Net Assets 2015: -$2,929,8322015Assets 2016: $9,452,176Liabilities 2016: $12,646,865Net Assets 2016: -$3,194,6892016Assets 2017: $9,266,617Liabilities 2017: $12,645,319Net Assets 2017: -$3,378,7022017Assets 2018: $9,040,681Liabilities 2018: $12,651,015Net Assets 2018: -$3,610,3342018Assets 2019: $8,696,561Liabilities 2019: $12,646,861Net Assets 2019: -$3,950,3002019Assets 2020: $8,420,688Liabilities 2020: $12,608,756Net Assets 2020: -$4,188,0682020Assets 2021: $8,204,570Liabilities 2021: $12,595,378Net Assets 2021: -$4,390,8082021Assets 2022: $7,901,995Liabilities 2022: $12,186,073Net Assets 2022: -$4,284,0782022Assets 2023: $7,704,639Liabilities 2023: $12,194,560Net Assets 2023: -$4,489,9212023Assets 2024: $7,401,755Liabilities 2024: $12,210,518Net Assets 2024: -$4,808,7632024Assets 2025: $7,224,398Liabilities 2025: $12,186,556Net Assets 2025: -$4,962,1582025

Highlighted filing

2016

Assets$9,452,176
Liabilities$12,646,865
Net Assets-$3,194,689
Open 2016 Filing

Operations Trend

Revenue Growth45th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $984,4602010Revenue 2011: $679,188Expenses 2011: $844,281Net Income 2011: -$165,0932011Expenses 2012: $886,6802012Expenses 2013: $1,021,5292013Revenue 2014: $670,308Expenses 2014: $939,976Net Income 2014: -$269,6682014Revenue 2015: $668,491Expenses 2015: $1,019,645Net Income 2015: -$351,1542015Revenue 2016: $672,988Expenses 2016: $937,845Net Income 2016: -$264,8572016Revenue 2017: $787,212Expenses 2017: $971,225Net Income 2017: -$184,0132017Revenue 2018: $774,005Expenses 2018: $1,005,637Net Income 2018: -$231,6322018Revenue 2019: $778,556Expenses 2019: $1,118,522Net Income 2019: -$339,9662019Revenue 2020: $828,831Expenses 2020: $1,066,599Net Income 2020: -$237,7682020Revenue 2021: $875,670Expenses 2021: $1,078,410Net Income 2021: -$202,7402021Revenue 2022: $1,316,454Expenses 2022: $1,209,724Net Income 2022: $106,7302022Revenue 2023: $987,732Expenses 2023: $1,193,575Net Income 2023: -$205,8432023Revenue 2024: $1,019,380Expenses 2024: $1,338,222Net Income 2024: -$318,8422024Revenue 2025: $1,115,547Expenses 2025: $1,268,942Net Income 2025: -$153,3952025

Highlighted filing

2016

Revenue$672,988
Expenses$937,845
Net Income-$264,857
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Mar 16, 2017
Return Version
2015v3.0
Gross Receipts
$672,988
Mission and Program Overview

Mission

Provide housing to the elderly and handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,257,686$8,963,619▼ $294,067
Prepaid Expenses and Deferred Charges$37,087$41,672▲ $4,585
Cash and Non-Interest-Bearing Accounts$9,841$28,077▲ $18,236
Accounts Receivable$883--
Total Assets$9,707,527$9,452,176▼ $255,351
Other Assets Total$402,030$418,808▲ $16,778
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,133,700$12,133,700→ $0
Other Liabilities$463,816$463,993▲ $177
Accounts Payable and Accrued Expenses$39,843$49,172▲ $9,329
Total Liabilities$12,637,359$12,646,865▲ $9,506
Net Assets / Fund Balance
Unrestricted Net Assets$-2,929,832$-3,194,689▼ $264,857
Total Net Assets Fund Balance$-2,929,832$-3,194,689▼ $264,857
Total Liabilities and Net Assets / Fund Balance$9,707,527$9,452,176▼ $255,351

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,710,812$3,535,280$12,246,092
Land$246,030-$246,030
Other Land Buildings$0$59,757$59,757
Equipment$6,777$33,665$40,442
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
James J LandyPresident
Michael J SpicerVice President
Sister Margaret BrickVice President
Andrew BalintMember
Brendan R LandyMember
Carolyn HarringtonMember
Kevin CacaceMember
Nader SayeghMember
Sr Andrea DixonMember
Colleen WagnerSecretary
Lawrence MccruddenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$666,118
Investment Income
$870
Other Revenue
$6,000
Change in Net Assets
$-264,857

Audited Revenue Reconciliation

Revenue per Audited Statements
$672,988
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$672,988
Total Revenue per Form 990
$672,988
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$716,318
Salaries, Compensation, and Employee Benefits$221,527
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$311,435--$311,435
Other Salaries and Wages$124,283$42,081-$166,364
Occupancy$99,367--$99,367
Fees for Services Management-$57,234-$57,234
Insurance$51,004--$51,004
Other Employee Benefits$24,301$7,740-$32,041
All Other Expenses$15,791$10,297-$26,088
Fees for Services Accounting-$21,000-$21,000
Other Expenses$15,064$13,261-$13,261
Payroll Taxes$9,674$3,578-$13,252
Pension Plan Contributions$6,294$3,576-$9,870
Office Expenses-$6,315-$6,315
Total Functional Expenses$757,018$180,827$0$937,845

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$937,845
Total Expenses per Audited Statements$937,845
Total Expenses per Form 990$937,845
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
Ahp Subsidy Payable$400,000
Due to Hud$39,740
Tenant Security Deposits Payable$24,253
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Other officer compensation reviewed
Yes
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 2

“The president, james j. Landy, is the father of board member, brendan r. Landy.”

Form 990, Part VI, Section A, Line 3

“The project entered into a contract with an independent management company which handles the operation of the building, all building related services, all tenant needs and services, as well as all legal, financial and other matters.”

Form 990, Part VI, Section B, Line 11

“The project distributes a draft copy of the irs form 990 to its board members to review; who then are provided an opportunity to make comments or inquiries. Appropriate responses are given to their satisfaction. The board approves the filing of the form at a meeting held prior to its due date.”

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

“Annual upadates requested in writing from board members and key people.”

Form 990, Part VI, Section B, Line 15

“The organization has the policy on as needed basis.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are made available upon request on an as needed basis as determined by the board of directors.”

Filing and Contact Details

Filer

Filer Name
Sjmc Senior Housing Development
EIN
13-4103604
Phone
9149696159
Address
122 SOUTH BROADWAY, YONKERS, NY 10701

Signing Officer

Name
James J Landy
Title
President
Phone
9149696159
Signed
2017-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James J Landy
Formed
2005
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
7
Volunteers
0

Preparer

Firm
D'ARCANGELO & CO LLP
Address
800 WESTCHESTER AVE SUITE N-400, RYE BROOK, NY 10573-1301
Preparer
Vincent P Pancaldo
Phone
9146944600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has annual board meetings to review and approve the audited financial statements. The board also approves the selection of an independent accountant.”

Raw XML AppendixShowing 400 of 465 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/Form990PartVIISectionAGrp/PersonNm0JAMES J LANDY
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/OtherExpensesGrp/TotalAmt215064
IRS990/OtherExpensesGrp/TotalAmt313261
IRS990/OtherLiabilitiesGrp/BOYAmt0463816
IRS990/OtherLiabilitiesGrp/EOYAmt0463993
IRS990/OtherRevenueMiscGrp/BusinessCd0532000
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY/VENDING AND OT
IRS990/OtherRevenueMiscGrp/ExclusionAmt06000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06000
IRS990/OtherRevenueTotalAmt06000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt042081
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0124283
IRS990/OtherSalariesAndWagesGrp/TotalAmt0166364
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03578
IRS990/PayrollTaxesGrp/ProgramServicesAmt09674
IRS990/PayrollTaxesGrp/TotalAmt013252
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03576
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06294
IRS990/PensionPlanContributionsGrp/TotalAmt09870
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt037087
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041672
IRS990/PrincipalOfficerNm0JAMES J LANDY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2532000
IRS990/ProgramServiceRevenueGrp/Desc0HOUSING ASSISTANCE PAY
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICES REVEN
IRS990/ProgramServiceRevenueGrp/Desc2GARAGE AND PARKING SPA
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0377647
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1285891
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22580
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0377647
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1285891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22580
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0782
IRS990/PYOtherExpensesAmt0799670
IRS990/PYOtherRevenueAmt05017
IRS990/PYProgramServiceRevenueAmt0662692
IRS990/PYRevenuesLessExpensesAmt0-351154
IRS990/PYSalariesCompEmpBnftPaidAmt0219975
IRS990/PYTotalExpensesAmt01019645
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0668491
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-264857
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0666118
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0870
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0782
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0823
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0648
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0518
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03641
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0666118
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0662692
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0663729
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0667774
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0670752
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03331065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0870
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0782
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0823
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0648
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0518
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03641
IRS990ScheduleA/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt06000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05017
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05756
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03600
IRS990ScheduleA/OtherIncome509Grp/TotalAmt024473
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99160
IRS990ScheduleA/PublicSupportPY509Pct00.99050
IRS990ScheduleA/PublicSupportTotal509Amt03331065
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0666118
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0662692
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0663729
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0667774
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0670752
IRS990ScheduleA/Total509Grp/TotalAmt03331065
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0672988
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0668491
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0670308
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0672522
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0674870
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03359179
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08710812
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03535280
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012246092
IRS990ScheduleD/EquipmentGrp/BookValueAmt06777
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033665
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt040442
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0937845
IRS990ScheduleD/LandGrp/BookValueAmt0246030
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0246030
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt059757
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt059757
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024253
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1400000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt239740
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1AHP SUBSIDY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO HUD
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0672988
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08963619
IRS990ScheduleD/TotalExpensesPerForm990Amt0937845
IRS990ScheduleD/TotalLiabilityAmt0463993
IRS990ScheduleD/TotalRevenuePerForm990Amt0672988
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0672988
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0937845
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT, JAMES J. LANDY, IS THE FATHER OF BOARD MEMBER, BRENDAN R. LANDY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PROJECT ENTERED INTO A CONTRACT WITH AN INDEPENDENT MANAGEMENT COMPANY WHICH HANDLES THE OPERATION OF THE BUILDING, ALL BUILDING RELATED SERVICES, ALL TENANT NEEDS AND SERVICES, AS WELL AS ALL LEGAL, FINANCIAL AND OTHER MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROJECT DISTRIBUTES A DRAFT COPY OF THE IRS FORM 990 TO ITS BOARD MEMBERS TO REVIEW; WHO THEN ARE PROVIDED AN OPPORTUNITY TO MAKE COMMENTS OR INQUIRIES. APPROPRIATE RESPONSES ARE GIVEN TO THEIR SATISFACTION. THE BOARD APPROVES THE FILING OF THE FORM AT A MEETING HELD PRIOR TO ITS DUE DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL UPADATES REQUESTED IN WRITING FROM BOARD MEMBERS AND KEY PEOPLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS THE POLICY ON AS NEEDED BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST ON AN AS NEEDED BASIS AS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS ANNUAL BOARD MEETINGS TO REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS. THE BOARD ALSO APPROVES THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09707527
IRS990/TotalAssetsEOYAmt09452176
IRS990/TotalAssetsGrp/BOYAmt09707527
IRS990/TotalAssetsGrp/EOYAmt09452176
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0180827

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,452,176
Liabilities
$12,646,865
Net assets
-$3,194,689
Revenue
$672,988
Expenses
$937,845
Net income
-$264,857
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.22$12.2$4.96$1.12$1.27$0.15
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.40$12.2$4.81$1.02$1.34$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.70$12.2$4.49$0.99$1.19$0.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.90$12.2$4.28$1.32$1.21$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.20$12.6$4.39$0.88$1.08$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.42$12.6$4.19$0.83$1.07$0.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.70$12.6$3.95$0.78$1.12$0.34
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.04$12.7$3.61$0.77$1.01$0.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.27$12.6$3.38$0.79$0.97$0.18
2016Detailed filing. Detailed filing data is available for this year.$9.45$12.6$3.19$0.67$0.94$0.26
2015Detailed filing. Detailed filing data is available for this year.$9.71$12.6$2.93$0.67$1.02$0.35
2014Detailed filing. Detailed filing data is available for this year.$10.0$12.6$2.58$0.67$0.94$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$12.6$2.31$1.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$12.6$1.96$0.89
2011Summary only. Only limited summary data is available for this year.$10.8$12.6$1.75$0.68$0.84$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$12.6$1.58$0.98