Civic Intelligence

Block 3 Community Urban Redevelopment Corporation

990 • Fiscal year 2018 • EIN 14-1873450

Aug 01, 2017 to Jul 31, 2018 • Filed on Jun 12, 2019

2510 Ohio Avenue No Ste CCincinnati, OH 45219

(513) 564-0078

Siviq Scores

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

Liabilities / Assets

97th percentile

1.38x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

8.42x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

62nd percentile

7.8%

Higher net margin than 62% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

11th percentile

$94,800

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

31st percentile

-1.4%

Faster asset growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

43rd percentile

2.9%

Faster revenue growth than 43% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Down

$48,520,562

Down $685,518 (-1.4%) from 2017

Net Assets

Up

-$18,461,335

Up $3,597,993 (+16%) from 2017

Liabilities

Down

$66,981,897

Down $4,283,511 (-6.0%) from 2017

Revenue

Up

$7,957,257

Up $224,398 (+2.9%) from 2017

Expenses

Down

$7,338,231

Down $158,817 (-2.1%) from 2017

Net Income

Up

$619,026

Up $383,215 (+163%) from 2017

Historical Trend

Balance Sheet Trend

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

$100M$50M$0-$50MAssets 2011: $58,009,014Liabilities 2011: $76,910,817Net Assets 2011: -$18,901,8032011Assets 2012: $57,116,584Liabilities 2012: $84,014,869Net Assets 2012: -$26,898,2852012Assets 2013: $56,401,181Liabilities 2013: $77,142,412Net Assets 2013: -$20,741,2312013Assets 2014: $54,655,309Liabilities 2014: $76,644,397Net Assets 2014: -$21,989,0882014Assets 2015: $52,394,414Liabilities 2015: $76,024,062Net Assets 2015: -$23,629,6482015Assets 2016: $51,238,217Liabilities 2016: $77,957,052Net Assets 2016: -$26,718,8352016Assets 2017: $49,206,080Liabilities 2017: $71,265,408Net Assets 2017: -$22,059,3282017Assets 2018: $48,520,562Liabilities 2018: $66,981,897Net Assets 2018: -$18,461,3352018Assets 2019: $46,155,205Liabilities 2019: $66,404,761Net Assets 2019: -$20,249,5562019Assets 2020: $44,760,459Liabilities 2020: $67,402,086Net Assets 2020: -$22,641,6272020Assets 2021: $43,753,173Liabilities 2021: $62,383,003Net Assets 2021: -$18,629,8302021Assets 2022: $42,525,355Liabilities 2022: $56,011,678Net Assets 2022: -$13,486,3232022Assets 2023: $41,282,612Liabilities 2023: $50,476,266Net Assets 2023: -$9,193,6542023Assets 2024: $39,542,291Liabilities 2024: $46,717,734Net Assets 2024: -$7,175,4432024

Highlighted filing

2018

Assets$48,520,562
Liabilities$66,981,897
Net Assets-$18,461,335

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $6,258,086Expenses 2011: $7,936,786Net Income 2011: -$1,678,7002011Expenses 2012: $7,945,3312012Revenue 2013: $6,917,143Expenses 2013: $7,427,559Net Income 2013: -$510,4162013Revenue 2014: $6,897,157Expenses 2014: $7,593,925Net Income 2014: -$696,7682014Revenue 2015: $7,237,548Expenses 2015: $7,501,483Net Income 2015: -$263,9352015Revenue 2016: $7,444,088Expenses 2016: $7,463,182Net Income 2016: -$19,0942016Revenue 2017: $7,732,859Expenses 2017: $7,497,048Net Income 2017: $235,8112017Revenue 2018: $7,957,257Expenses 2018: $7,338,231Net Income 2018: $619,0262018Revenue 2019: $7,766,804Expenses 2019: $7,186,271Net Income 2019: $580,5332019Revenue 2020: $7,877,869Expenses 2020: $6,854,121Net Income 2020: $1,023,7482020Revenue 2021: $7,948,144Expenses 2021: $7,039,072Net Income 2021: $909,0722021Revenue 2022: $8,303,549Expenses 2022: $7,387,627Net Income 2022: $915,9222022Revenue 2023: $8,712,081Expenses 2023: $7,108,299Net Income 2023: $1,603,7822023Revenue 2024: $8,639,499Expenses 2024: $6,827,968Net Income 2024: $1,811,5312024

Highlighted filing

2018

Revenue$7,957,257
Expenses$7,338,231
Net Income$619,026
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Jun 12, 2019
Return Version
2017v2.3
Gross Receipts
$8,504,320
Mission and Program Overview

Mission

Redevelopment of blighted urban areas by development of real property primarily for student housing.

Redevelopment of blighted urban areas by development of real property primarily for student housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$41,237,613$39,609,812▼ $1,627,801
Savings and Temporary Cash Investments$3,040,432$3,744,214▲ $703,782
Investments Other Securities$3,457,005$3,470,927▲ $13,922
Cash and Non-Interest-Bearing Accounts$501,934$705,126▲ $203,192
Prepaid Expenses and Deferred Charges$21,861$49,363▲ $27,502
Accounts Receivable$20,941$31,025▲ $10,084
Total Assets$49,206,080$48,520,562▼ $685,518
Other Assets Total$926,294$910,095▼ $16,199
Liabilities
Tax Exempt Bond Liabilities$45,470,000$44,055,000▼ $1,415,000
Mortgage Notes Payable Secured by Investment Property$10,709,712$10,709,712→ $0
Other Liabilities$9,950,396$6,963,726▼ $2,986,670
Accounts Payable and Accrued Expenses$4,917,981$4,210,490▼ $707,491
Deferred Revenue$42,147$857,287▲ $815,140
Unsecured Notes Loans Payable$175,172$185,682▲ $10,510
Total Liabilities$71,265,408$66,981,897▼ $4,283,511
Net Assets / Fund Balance
Unrestricted Net Assets$-22,059,328$-18,461,335▲ $3,597,993
Total Net Assets Fund Balance$-22,059,328$-18,461,335▲ $3,597,993
Total Liabilities and Net Assets / Fund Balance$49,206,080$48,520,562▼ $685,518

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$32,106,148$15,778,429$47,884,577
Equipment$515,581$2,125,425$2,641,006
Other Land Buildings$6,988,083$4,499,299$1,282,920
Other Securities$3,470,927--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Matt BourgeoisExecutive DirectorPT$94,800$94,800

Board Members and Trustees

NameTitle
Daniel DeeringPresident
John DuboisVice President
Chip KussmaulTrustee
Tom ErbeckSecretary
Bill FischerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Education Realty TrustManagement Services999 S SHADY GROVE RD 600, Memphis, TN 38120$248,916
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,089,104
Investment Income
$90,212
Other Revenue
$777,941
Change in Net Assets
$619,026

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,499,939
Revenue Not Reported on Financial Statements
$-542,682
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-542,682
Total Revenue per Audited Statements
$8,499,939
Total Revenue per Form 990
$7,957,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,894,760
Salaries, Compensation, and Employee Benefits$443,471
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,406,000--$2,406,000
Occupancy$1,732,756--$1,732,756
Depreciation Depletion$1,571,597--$1,571,597
Other Salaries and Wages$443,471--$443,471
Fees for Services Management-$248,916-$248,916
Insurance$101,469--$101,469
All Other Expenses$52,739--$52,739
Other Expenses$42,200$50,000-$42,200
Advertising$18,900--$18,900
Total Functional Expenses$7,039,315$298,916$0$7,338,231

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,338,231
Total Expenses per Form 990$7,338,231
Total Expenses per Audited Statements$4,901,946
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-2,436,285
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
Interest Rate Swap$6,963,726

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASeries 2004-county of Hamilton Oh2004-07-01$54,570,000Construction of student housing

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$54,570,000-$10,515,000$1,357,005

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
Yes
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Federal form 990 is reviewed by the board of directors prior to filing.

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

It is the responsibility of the member to disclose any possible conflict of interest with the board or committee with regards to any proposed transactions or arrangements.

Form 990, Part VI, Section C, Line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Block 3 Community Urban
EIN
14-1873450
Phone
5135640078
Address
2510 OHIO AVENUE NO STE C, CINCINNATI, OH 45219

Signing Officer

Name
Matt Bourgeois
Title
Director
Phone
5135640078
Signed
2019-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Deering
Formed
2003
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Mcm Cpas & Advisors Llp
Address
201 EAST FIFTH STREET SUITE 2100, CINCINNATI, OH 45202
Preparer
Karl L Dostal CPA
Phone
5135791717
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Interest rate swap 2,986,670.

FORM 990, PART XII, LINE 2C:

Process has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is a tax-exempt organization qualifying under internal revenue code section 501(c)(3). The organization recognizes tax positions based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The organization does not believe its financial statements include any uncertain tax positions. The organization's policy with regards to interest and penalties is to recognize interest through interest expense and penalties through other expense. In evaluating the organization's tax provision and tax exempt status, interpretations and tax planning strategies were considered.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -454,969. Loss on sale of fixed assets -92,094. Recovery of bad debt 4,381.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses 454,969. Change in fair value of interest rate swap -2,986,670. Loss on sale of fixed assets 92,094. Change in unrealized loss on investments 7,703. Recovery of bad debt -4,381.

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IRS990/OtherExpensesGrp/Desc2CORPORATE OVERHEAD CHAR
IRS990/OtherExpensesGrp/Desc3BOND FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt050000
IRS990/OtherExpensesGrp/ProgramServicesAmt0567642
IRS990/OtherExpensesGrp/ProgramServicesAmt1102541
IRS990/OtherExpensesGrp/ProgramServicesAmt242200
IRS990/OtherExpensesGrp/TotalAmt0567642
IRS990/OtherExpensesGrp/TotalAmt1102541
IRS990/OtherExpensesGrp/TotalAmt250000
IRS990/OtherExpensesGrp/TotalAmt342200
IRS990/OtherLiabilitiesGrp/BOYAmt09950396
IRS990/OtherLiabilitiesGrp/EOYAmt06963726
IRS990/OtherRevenueMiscGrp/BusinessCd0812930
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0PARKING
IRS990/OtherRevenueMiscGrp/Desc1RECOVERY OF BAD DEBT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04381
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt078943
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt14381
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt078943
IRS990/OtherRevenueTotalAmt083324
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0443471
IRS990/OtherSalariesAndWagesGrp/TotalAmt0443471
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021861
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt049363
IRS990/PrincipalOfficerNm0DANIEL DEERING
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT HOUSING RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07089104
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07089104
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION PROVIDES STUDENT HOUSING FOR STUDENTS OF THE UNIVERSITY OF CINCINNATI. THE ORGANIZATION HAS ATTRACTED A SUBSTANTIAL NUMBER OF STUDENTS WHO RESIDE AT THE ORGANIZATION'S HOUSING FACILITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03061718
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt07093485
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION CONSTRUCTED STUDENT HOUSING. THE EXPENSE REFLECTS THE DEPRECIATION EXPENSE ON THE STUDENT HOUSING BUILDING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01571597
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0115848
IRS990/PYOtherExpensesAmt07076228
IRS990/PYOtherRevenueAmt0692596
IRS990/PYProgramServiceRevenueAmt06924415
IRS990/PYRevenuesLessExpensesAmt0235811
IRS990/PYSalariesCompEmpBnftPaidAmt0420820
IRS990/PYTotalExpensesAmt07497048
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07732859
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0619026
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0694617
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03040432
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03744214
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0311682502
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt050000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CLIFTON HEIGHTS COMMUNITY REDEVELOPMENT CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt050000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt032106148
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015778429
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt047884577
IRS990ScheduleD/EquipmentGrp/BookValueAmt0515581
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02125425
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02641006
IRS990ScheduleD/ExpensesNotReportedAmt0-2436285
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07338231
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0-2436285
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06988083
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04499299
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt010204462
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01282920
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06963726
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST RATE SWAP
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-542682
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03470927
IRS990ScheduleD/OtherSecuritiesGrp/Desc0GUARANTEED INVESTMENT CONTRACT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-542682
IRS990ScheduleD/RevenueSubtotalAmt08499939
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION QUALIFYING UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE ORGANIZATION RECOGNIZES TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S POLICY WITH REGARDS TO INTEREST AND PENALTIES IS TO RECOGNIZE INTEREST THROUGH INTEREST EXPENSE AND PENALTIES THROUGH OTHER EXPENSE. IN EVALUATING THE ORGANIZATION'S TAX PROVISION AND TAX EXEMPT STATUS, INTERPRETATIONS AND TAX PLANNING STRATEGIES WERE CONSIDERED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES -454,969. LOSS ON SALE OF FIXED ASSETS -92,094. RECOVERY OF BAD DEBT 4,381.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 454,969. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -2,986,670. LOSS ON SALE OF FIXED ASSETS 92,094. CHANGE IN UNREALIZED LOSS ON INVESTMENTS 7,703. RECOVERY OF BAD DEBT -4,381.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt039609812
IRS990ScheduleD/TotalBookValueSecuritiesAmt03470927
IRS990ScheduleD/TotalExpensesPerForm990Amt07338231
IRS990ScheduleD/TotalLiabilityAmt06963726
IRS990ScheduleD/TotalRevenuePerForm990Amt07957257
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08499939
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04901946
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GICProviderName/BusinessNameLine1Txt0AEGON
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine1Txt0CITIZENS BANK
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeTerminatedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RegulatorySafeHarborStsfdInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/SuperintegratedHedgeInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfGICPct0384.000000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct0360.000000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02004-07-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0316000063
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt054570000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0SERIES 2004-COUNTY OF HAMILTON OH
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSTRUCTION OF STUDENT HOUSING
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/EngageBondCounselContractsInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct00.02000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/TotalPrivateBusinessUsePct00.02000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt053212995
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt01357005
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt010515000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt054570000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FEDERAL FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IT IS THE RESPONSIBILITY OF THE MEMBER TO DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST WITH THE BOARD OR COMMITTEE WITH REGARDS TO ANY PROPOSED TRANSACTIONS OR ARRANGEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INTEREST RATE SWAP 2,986,670.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROCESS HAS NOT CHANGED FROM PRIOR YEAR.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$39.5$46.7$7.18$8.64$6.83$1.81
2023Detailed filing. Detailed filing data is available for this year.$41.3$50.5$9.19$8.71$7.11$1.60
2022Detailed filing. Detailed filing data is available for this year.$42.5$56.0$13.5$8.30$7.39$0.92
2021Detailed filing. Detailed filing data is available for this year.$43.8$62.4$18.6$7.95$7.04$0.91
2020Detailed filing. Detailed filing data is available for this year.$44.8$67.4$22.6$7.88$6.85$1.02
2019Detailed filing. Detailed filing data is available for this year.$46.2$66.4$20.2$7.77$7.19$0.58
2018Detailed filing. Detailed filing data is available for this year.$48.5$67.0$18.5$7.96$7.34$0.62
2017Detailed filing. Detailed filing data is available for this year.$49.2$71.3$22.1$7.73$7.50$0.24
2016Detailed filing. Detailed filing data is available for this year.$51.2$78.0$26.7$7.44$7.46$0.02
2015Detailed filing. Detailed filing data is available for this year.$52.4$76.0$23.6$7.24$7.50$0.26
2014Detailed filing. Detailed filing data is available for this year.$54.7$76.6$22.0$6.90$7.59$0.70
2013Summary only. Only limited summary data is available for this year.$56.4$77.1$20.7$6.92$7.43$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.1$84.0$26.9$7.95
2011Summary only. Only limited summary data is available for this year.$58.0$76.9$18.9$6.26$7.94$1.68