Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
990 • Fiscal year 2018 • EIN 14-1873450
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
62nd percentile
Higher net margin than 62% of similar nonprofits.
Top Officer Pay
11th percentile
Higher top officer pay than 11% of similar nonprofits.
Top officer pay equals 1.2% of source-year revenue.
Asset Growth
31st percentile
Faster asset growth than 31% of similar nonprofits.
Revenue Growth
43rd percentile
Faster revenue growth than 43% of similar nonprofits.
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
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
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| 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 | - | - |
| Name | Title | Full / Part Time | Other | Total |
|---|---|---|---|---|
| Matt Bourgeois | Executive Director | PT | $94,800 | $94,800 |
| Name | Title |
|---|---|
| Daniel Deering | President |
| John Dubois | Vice President |
| Chip Kussmaul | Trustee |
| Tom Erbeck | Secretary |
| Bill Fischer | Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Education Realty Trust | Management Services | 999 S SHADY GROVE RD 600, Memphis, TN 38120 | $248,916 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Interest Rate Swap | $6,963,726 |
| Bond | Issuer | Issued | Issue Price | Purpose |
|---|---|---|---|---|
| A | Series 2004-county of Hamilton Oh | 2004-07-01 | $54,570,000 | Construction of student housing |
| Bond | Total Proceeds | Spent | Retired | Issuance Costs |
|---|---|---|---|---|
| A | $54,570,000 | - | $10,515,000 | $1,357,005 |
“Federal form 990 is reviewed by the board of directors prior to filing.”
“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.”
“Governing documents are available to the public upon request.”
“Interest rate swap 2,986,670.”
“Process has not changed from prior year.”
“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.”
“Rental expenses -454,969. Loss on sale of fixed assets -92,094. Recovery of bad debt 4,381.”
“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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 4917981 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 4210490 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 20941 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 31025 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | REDEVELOPMENT OF BLIGHTED URBAN AREAS BY DEVELOPMENT OF REAL PROPERTY PRIMARILY FOR STUDENT HOUSING |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 18900 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 18900 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 52739 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 52739 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MATT BOURGEOIS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5135640078 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2510 OHIO AVENUE SUITE C |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CINCINNATI |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | OH |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 45219 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 501934 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 705126 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 248916 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 999 S SHADY GROVE RD 600 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | MEMPHIS |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 38120 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | EDUCATION REALTY TRUST |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | MANAGEMENT SERVICES |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 90212 |
| IRS990/CYOtherExpensesAmt | 0 | 6894760 |
| IRS990/CYOtherRevenueAmt | 0 | 777941 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 7089104 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 619026 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 443471 |
| IRS990/CYTotalExpensesAmt | 0 | 7338231 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 7957257 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 42147 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 857287 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 1571597 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 1571597 |
| IRS990/Desc | 0 | THE ORGANIZATION ISSUED BONDS PRIMARILY FOR THE CONSTRUCTION OF STUDENT HOUSING. THE EXPENSE REFLECTS THE INTEREST EXPENSE ON THE BONDS AND INTEREST ON THE SUBORDINATE LOAN TO THE UNIVERSITY OF CINCINNATI. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 2406000 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 248916 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 248916 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 25.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 15.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 2761 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DANIEL DEERING |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JOHN DUBOIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | TOM ERBECK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | BILL FISCHER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | CHIP KUSSMAUL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MATT BOURGEOIS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 92039 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2003 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | -92094 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 8504320 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 1149586 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 101469 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 101469 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 2406000 |
| IRS990/InterestGrp/TotalAmt | 0 | 2406000 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 182306 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 182306 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 3457005 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 3470927 |
| IRS990/InvestTaxExemptBondsInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 3 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 22403153 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 41237613 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 39609812 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 62012965 |
| IRS990/LegalDomicileStateCd | 0 | OH |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 92094 |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 454969 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | REDEVELOPMENT OF BLIGHTED URBAN AREAS BY DEVELOPMENT OF REAL PROPERTY PRIMARILY FOR STUDENT HOUSING |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 10709712 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 10709712 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -22059328 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -18461335 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | -92094 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -92094 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 694617 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 694617 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | -148619 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -7703 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 1732756 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 1732756 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OnBehalfOfIssuerInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 926294 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 910095 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 2986670 |
| IRS990/OtherExpensesGrp/Desc | 0 | LETTER OF CREDIT FEES |
| IRS990/OtherExpensesGrp/Desc | 1 | OTHER |
| IRS990/OtherExpensesGrp/Desc | 2 | CORPORATE OVERHEAD CHAR |
| IRS990/OtherExpensesGrp/Desc | 3 | BOND FEES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 50000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 567642 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 102541 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 42200 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 567642 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 102541 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 50000 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 42200 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 9950396 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 6963726 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 812930 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | PARKING |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | RECOVERY OF BAD DEBT |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 4381 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 78943 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 4381 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | 78943 |
| IRS990/OtherRevenueTotalAmt | 0 | 83324 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 443471 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 443471 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 21861 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 49363 |
| IRS990/PrincipalOfficerNm | 0 | DANIEL DEERING |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | STUDENT HOUSING RENTAL REVENUE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 7089104 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 7089104 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | THE 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/ExpenseAmt | 0 | 3061718 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 7093485 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | THE ORGANIZATION CONSTRUCTED STUDENT HOUSING. THE EXPENSE REFLECTS THE DEPRECIATION EXPENSE ON THE STUDENT HOUSING BUILDING. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 1571597 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 115848 |
| IRS990/PYOtherExpensesAmt | 0 | 7076228 |
| IRS990/PYOtherRevenueAmt | 0 | 692596 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 6924415 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 235811 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 420820 |
| IRS990/PYTotalExpensesAmt | 0 | 7497048 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 7732859 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 619026 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 694617 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 3040432 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 3744214 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | 1 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 311682502 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 7 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 50000 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | CLIFTON HEIGHTS COMMUNITY REDEVELOPMENT CORPORATION |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 50000 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 32106148 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 15778429 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 47884577 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 515581 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 2125425 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 2641006 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | -2436285 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 7338231 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | -2436285 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 6988083 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 4499299 |
| IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 10204462 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1282920 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 6963726 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | INTEREST RATE SWAP |
| IRS990ScheduleD/OtherRevenuesNotIncludedAmt | 0 | -542682 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 3470927 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | GUARANTEED INVESTMENT CONTRACT |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | -542682 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 8499939 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | RENTAL EXPENSES -454,969. LOSS ON SALE OF FIXED ASSETS -92,094. RECOVERY OF BAD DEBT 4,381. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 39609812 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 3470927 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 7338231 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 6963726 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 7957257 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 8499939 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 4901946 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GICProviderName/BusinessNameLine1Txt | 0 | AEGON |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd | 0 | 1 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd | 0 | 1 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine1Txt | 0 | CITIZENS BANK |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeTerminatedInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RegulatorySafeHarborStsfdInd | 0 | 1 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/SuperintegratedHedgeInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfGICPct | 0 | 384.000000000000 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct | 0 | 360.000000000000 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd | 0 | 1 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt | 0 | 2004-07-01 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN | 0 | 316000063 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt | 0 | 54570000 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt | 0 | SERIES 2004-COUNTY OF HAMILTON OH |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc | 0 | CONSTRUCTION OF STUDENT HOUSING |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd | 0 | 1 |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd | 0 | 1 |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/EngageBondCounselContractsInd | 0 | 1 |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd | 0 | 1 |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct | 0 | 0.00000 |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct | 0 | 0.02000 |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/TotalPrivateBusinessUsePct | 0 | 0.02000 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd | 0 | 1 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt | 0 | 53212995 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd | 0 | 1 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt | 0 | 1357005 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt | 0 | 10515000 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt | 0 | 54570000 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FEDERAL FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | INTEREST RATE SWAP 2,986,670. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.