Civic Intelligence

Sepp Rural Elderly Housing Inc C/O Sepp Inc

990 • Fiscal year 2016 • EIN 16-1311568

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 21, 2016

Organization ProfileWWW.SEPPMANAGEMENT.COM
53 Front StreetBinghamton, NY 13905

(607) 723-8989

Siviq Scores

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

Liabilities / Assets

79th percentile

1.38x

Higher debt load relative to assets than 79% of similar nonprofits.

2016 filings • NTEE L • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

71st percentile

5.34x

Higher debt load relative to revenue than 71% of similar nonprofits.

2016 filings • NTEE L • $500k-$1M nonprofits • Source year 2016

Net Margin

57th percentile

-0.6%

Higher net margin than 57% of similar nonprofits.

2016 filings • NTEE L • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2016 filings • NTEE L • $500k-$1M nonprofits • Source year 2016

Asset Growth

50th percentile

-1.8%

Faster asset growth than 50% of similar nonprofits.

2016 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

45th percentile

0.4%

Faster revenue growth than 45% of similar nonprofits.

2016 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$619,736

Down $11,551 (-1.8%) from 2015

Net Assets

Down

-$238,445

Down $1,002 (-0.4%) from 2015

Liabilities

Down

$858,181

Down $10,549 (-1.2%) from 2015

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin57th percentile

Revenue

Up

$160,642

Up $598 (+0.4%) from 2015

Expenses

Down

$161,644

Down $8,662 (-5.1%) from 2015

Net Income

Up

-$1,002

Up $9,260 (+90%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$1.0M$500K$0-$500KAssets 2012: $690,210Liabilities 2012: $898,314Net Assets 2012: -$208,1042012Assets 2013: $670,157Liabilities 2013: $894,190Net Assets 2013: -$224,0332013Assets 2014: $660,534Liabilities 2014: $887,715Net Assets 2014: -$227,1812014Assets 2015: $631,287Liabilities 2015: $868,730Net Assets 2015: -$237,4432015Assets 2016: $619,736Liabilities 2016: $858,181Net Assets 2016: -$238,4452016Assets 2017: $605,728Liabilities 2017: $847,714Net Assets 2017: -$241,9862017Assets 2018: $598,286Liabilities 2018: $847,661Net Assets 2018: -$249,3752018Assets 2019: $592,866Liabilities 2019: $830,074Net Assets 2019: -$237,2082019Assets 2020: $572,424Liabilities 2020: $811,018Net Assets 2020: -$238,5942020Assets 2021: $575,362Liabilities 2021: $814,549Net Assets 2021: -$239,1872021Assets 2022: $549,233Liabilities 2022: $781,081Net Assets 2022: -$231,8482022Assets 2023: $538,599Liabilities 2023: $763,543Net Assets 2023: -$224,9442023Assets 2024: $553,890Liabilities 2024: $747,988Net Assets 2024: -$194,0982024Assets 2025: $537,921Liabilities 2025: $723,947Net Assets 2025: -$186,0262025

Highlighted filing

2016

Assets$619,736
Liabilities$858,181
Net Assets-$238,445
Open 2016 Filing

Operations Trend

Revenue Growth45th percentile

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

$300K$200K$100K$0-$100KExpenses 2012: $210,3362012Expenses 2013: $160,8222013Revenue 2014: $152,148Expenses 2014: $155,296Net Income 2014: -$3,1482014Revenue 2015: $160,044Expenses 2015: $170,306Net Income 2015: -$10,2622015Revenue 2016: $160,642Expenses 2016: $161,644Net Income 2016: -$1,0022016Revenue 2017: $158,477Expenses 2017: $162,018Net Income 2017: -$3,5412017Revenue 2018: $172,518Expenses 2018: $179,907Net Income 2018: -$7,3892018Revenue 2019: $180,877Expenses 2019: $168,710Net Income 2019: $12,1672019Revenue 2020: $183,015Expenses 2020: $184,401Net Income 2020: -$1,3862020Revenue 2021: $183,587Expenses 2021: $184,180Net Income 2021: -$5932021Revenue 2022: $191,585Expenses 2022: $184,246Net Income 2022: $7,3392022Revenue 2023: $195,431Expenses 2023: $188,527Net Income 2023: $6,9042023Revenue 2024: $242,040Expenses 2024: $211,194Net Income 2024: $30,8462024Revenue 2025: $209,048Expenses 2025: $200,976Net Income 2025: $8,0722025

Highlighted filing

2016

Revenue$160,642
Expenses$161,644
Net Income-$1,002
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 21, 2016
Return Version
2015v2.1
Gross Receipts
$160,642
Mission and Program Overview

Mission

To provide low-income and subsidized housing under section 8 and 236 of the national housing act.

To provide low income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$540,284$505,555▼ $34,729
Cash and Non-Interest-Bearing Accounts$9,832$32,264▲ $22,432
Prepaid Expenses and Deferred Charges$11,679$11,041▼ $638
Total Assets$631,287$619,736▼ $11,551
Other Assets Total$69,492$70,876▲ $1,384
Liabilities
Mortgage Notes Payable Secured by Investment Property$856,500$846,245▼ $10,255
Other Liabilities$10,638$11,636▲ $998
Accounts Payable and Accrued Expenses$1,592$300▼ $1,292
Total Liabilities$868,730$858,181▼ $10,549
Net Assets / Fund Balance
Unrestricted Net Assets$-237,443$-238,445▼ $1,002
Total Net Assets Fund Balance$-237,443$-238,445▼ $1,002
Total Liabilities and Net Assets / Fund Balance$631,287$619,736▼ $11,551

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$420,079$682,945$1,103,024
Equipment$54,176$24,479$78,655
Land$31,300-$31,300
Other Assets Org$11,636--
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
David HarderChairperson
Anna AddonisioDirector
Daniel SchofieldDirector
David HughesDirector
Julie SweetDirector
Kevin MclaughlinDirector
Len BassoDirector
Pat TicknorDirector
Peter MaciakDirector
Richard C WallikasDirector
Richard DobellDirector
William Gibson JrDirector
THOMAS E O'CONNORSecretary
Mark McmanusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$158,679
Investment Income
$66
Other Revenue
$1,897
Change in Net Assets
$-1,002

Audited Revenue Reconciliation

Revenue per Audited Statements
$160,642
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$160,642
Total Revenue per Form 990
$160,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$140,512
Salaries, Compensation, and Employee Benefits$21,132
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$34,729--$34,729
Other Salaries and Wages$10,701$7,200-$17,901
Fees for Services Other$11,268$5,000-$16,268
Fees for Services Management-$15,675-$15,675
Interest$14,249--$14,249
Occupancy$12,353--$12,353
All Other Expenses$7,776$601-$8,377
Insurance$4,642--$4,642
Other Expenses$3,520$4,528-$3,520
Fees for Services Accounting-$3,312-$3,312
Other Employee Benefits$1,193$803-$1,996
Office Expenses-$1,750-$1,750
Payroll Taxes$738$497-$1,235
Advertising-$794-$794
Conferences and Meetings-$509-$509
Fees for Services Legal-$125-$125
Total Functional Expenses$120,850$40,794$0$161,644

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$161,644
Total Expenses per Audited Statements$161,644
Total Expenses per Form 990$161,644
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
TENANTS' SECURITY DEPOSITS$11,636
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Management duties are performed by sepp inc.”

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed by the treasurer before filing, then distributed by e-mail to the board of directors. Copies of the returns are also available for review in the company's business office.”

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

“The board of directors complies with the conflict of interest policy of sepp management company, inc., a related organization. Sepp rural elderly housing, inc. Is in the process of developing and implementing its own conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“The governing body of the organization makes its documents available to the public upon request in the form of a hardcopy kept at the place of business.”

Filing and Contact Details

Filer

Filer Name
Sepp Rural Elderly Housing Inc
EIN
16-1311568
Phone
6077238989
Address
53 FRONT STREET, BINGHAMTON, NY 13905

Signing Officer

Name
Jacqueline Gerchman
Title
Interim Executive Director
Phone
6077238989
Signed
2016-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacqueline Gerchman
Formed
1990
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
JOHN T O'BRIEN
Phone
7166340700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Maintenance contracts: program service expenses 11,268. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,268. Audit expense: program service expenses 0. Management and general expenses 5,000. Fundraising expenses 0. Total expenses 5,000.”

FORM 990, PART XII, LINE 2C:

“No changes have taken place during the fiscal year ended june 30, 2016.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from income taxes under section 501(c)(3) of the internal revenue code (the code); therefore, no provision for income taxes is reflected in the financial statements. The corporation has been classified as a publicly supported organization that is not a private foundation under section 509(a) of the code. The corporation presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the corporation has taken no uncertain tax positions that require adjustment in its financial statements. U.s. Forms 990 filed by the corporation are subject to examination by taxing authorities.”

Raw XML AppendixShowing 400 of 511 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/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt012353
IRS990/OccupancyGrp/TotalAmt012353
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01750
IRS990/OfficeExpensesGrp/TotalAmt01750
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt069492
IRS990/OtherAssetsTotalGrp/EOYAmt070876
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0803
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01193
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01996
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE SUPPLIES
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3ELEVATOR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04528
IRS990/OtherExpensesGrp/ProgramServicesAmt014173
IRS990/OtherExpensesGrp/ProgramServicesAmt15508
IRS990/OtherExpensesGrp/ProgramServicesAmt23520
IRS990/OtherExpensesGrp/TotalAmt014173
IRS990/OtherExpensesGrp/TotalAmt15508
IRS990/OtherExpensesGrp/TotalAmt24528
IRS990/OtherExpensesGrp/TotalAmt33520
IRS990/OtherLiabilitiesGrp/BOYAmt010638
IRS990/OtherLiabilitiesGrp/EOYAmt011636
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01897
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01897
IRS990/OtherRevenueTotalAmt01897
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07200
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010701
IRS990/OtherSalariesAndWagesGrp/TotalAmt017901
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0497
IRS990/PayrollTaxesGrp/ProgramServicesAmt0738
IRS990/PayrollTaxesGrp/TotalAmt01235
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011679
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011041
IRS990/PrincipalOfficerNm0JACQUELINE GERCHMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531310
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0158679
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0158679
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt053
IRS990/PYOtherExpensesAmt0149329
IRS990/PYOtherRevenueAmt06673
IRS990/PYProgramServiceRevenueAmt0153318
IRS990/PYRevenuesLessExpensesAmt0-10262
IRS990/PYSalariesCompEmpBnftPaidAmt020977
IRS990/PYTotalExpensesAmt0170306
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0160044
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1002
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0158679
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt066
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt053
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt043
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt071
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt048
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0281
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0158679
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0153318
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0150675
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0143376
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0135499
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0741547
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt066
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt053
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt071
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt048
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0281
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01897
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt06673
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01430
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01446
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01820
IRS990ScheduleA/OtherIncome509Grp/TotalAmt013266
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98210
IRS990ScheduleA/PublicSupportPY509Pct00.98530
IRS990ScheduleA/PublicSupportTotal509Amt0741547
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0158679
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0153318
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0150675
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0143376
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0135499
IRS990ScheduleA/Total509Grp/TotalAmt0741547
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0160642
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0160044
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0152148
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0144893
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0137367
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0755094
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0420079
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0682945
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01103024
IRS990ScheduleD/EquipmentGrp/BookValueAmt054176
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024479
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt078655
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0161644
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt031300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt031300
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt041324
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt117916
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt211636
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TAX & INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011636
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0160642
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE); THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE CORPORATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE CORPORATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE CORPORATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0505555
IRS990ScheduleD/TotalBookValueOtherAssetsAmt070876
IRS990ScheduleD/TotalExpensesPerForm990Amt0161644
IRS990ScheduleD/TotalLiabilityAmt011636
IRS990ScheduleD/TotalRevenuePerForm990Amt0160642
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0160642
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0161644
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DUTIES ARE PERFORMED BY SEPP INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE TREASURER BEFORE FILING, THEN DISTRIBUTED BY E-MAIL TO THE BOARD OF DIRECTORS. COPIES OF THE RETURNS ARE ALSO AVAILABLE FOR REVIEW IN THE COMPANY'S BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS COMPLIES WITH THE CONFLICT OF INTEREST POLICY OF SEPP MANAGEMENT COMPANY, INC., A RELATED ORGANIZATION. SEPP RURAL ELDERLY HOUSING, INC. IS IN THE PROCESS OF DEVELOPING AND IMPLEMENTING ITS OWN CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY OF THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE FORM OF A HARDCOPY KEPT AT THE PLACE OF BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 11,268. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,268. AUDIT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED JUNE 30, 2016.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$619,736
Liabilities
$858,181
Net assets
-$238,445
Revenue
$160,642
Expenses
$161,644
Net income
-$1,002
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.38$7.24$1.86$2.09$2.01$0.08
2024Detailed filing. Detailed filing data is available for this year.$5.54$7.48$1.94$2.42$2.11$0.31
2023Detailed filing. Detailed filing data is available for this year.$5.39$7.64$2.25$1.95$1.89$0.07
2022Detailed filing. Detailed filing data is available for this year.$5.49$7.81$2.32$1.92$1.84$0.07
2021Detailed filing. Detailed filing data is available for this year.$5.75$8.15$2.39$1.84$1.84$0.01
2020Detailed filing. Detailed filing data is available for this year.$5.72$8.11$2.39$1.83$1.84$0.01
2019Detailed filing. Detailed filing data is available for this year.$5.93$8.30$2.37$1.81$1.69$0.12
2018Detailed filing. Detailed filing data is available for this year.$5.98$8.48$2.49$1.73$1.80$0.07
2017Detailed filing. Detailed filing data is available for this year.$6.06$8.48$2.42$1.58$1.62$0.04
2016Detailed filing. Detailed filing data is available for this year.$6.20$8.58$2.38$1.61$1.62$0.01
2015Detailed filing. Detailed filing data is available for this year.$6.31$8.69$2.37$1.60$1.70$0.10
2014Detailed filing. Detailed filing data is available for this year.$6.61$8.88$2.27$1.52$1.55$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.70$8.94$2.24$1.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.90$8.98$2.08$2.10