Civic Intelligence

Drake Manor Housing Development Fund Company Inc.

990 • Fiscal year 2017 • EIN 16-1522028

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 03, 2018

Organization ProfileN/A
112 2nd StreetAlbany, NY 12210

(518) 464-0602

Siviq Scores

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

Liabilities / Assets

26th percentile

0.05x

Higher debt load relative to assets than 26% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

28th percentile

0.15x

Higher debt load relative to revenue than 28% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Net Margin

19th percentile

-27%

Higher net margin than 19% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Asset Growth

17th percentile

-7.5%

Faster asset growth than 17% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2015 to 2017

Revenue Growth

62nd percentile

4.0%

Faster revenue growth than 62% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2015 to 2017

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$528,887

Down $89,102 (-14%) from 2015

Net Assets

Down

$504,946

Down $79,780 (-14%) from 2015

Liabilities

Down

$23,941

Down $9,322 (-28%) from 2015

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin19th percentile

Revenue

Up

$157,476

Up $11,827 (+8.1%) from 2015

Expenses

Up

$200,320

Up $3,598 (+1.8%) from 2015

Net Income

Up

-$42,844

Up $8,229 (+16%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$1.0M$500K$0Assets 2011: $807,756Liabilities 2011: $59,020Net Assets 2011: $748,7362011Assets 2012: $767,519Liabilities 2012: $27,872Net Assets 2012: $739,6472012Assets 2015: $617,989Liabilities 2015: $33,263Net Assets 2015: $584,7262015Assets 2017: $528,887Liabilities 2017: $23,941Net Assets 2017: $504,9462017Assets 2018: $479,839Liabilities 2018: $32,469Net Assets 2018: $447,3702018Assets 2019: $440,450Liabilities 2019: $36,315Net Assets 2019: $404,1352019Assets 2020: $418,363Liabilities 2020: $42,575Net Assets 2020: $375,7882020Assets 2021: $404,851Liabilities 2021: $41,373Net Assets 2021: $363,4782021Assets 2022: $339,532Liabilities 2022: $28,225Net Assets 2022: $311,3072022Assets 2023: $260,317Liabilities 2023: $28,613Net Assets 2023: $231,7042023Assets 2024: $214,482Liabilities 2024: $45,304Net Assets 2024: $169,1782024Assets 2025: $185,852Liabilities 2025: $33,227Net Assets 2025: $152,6252025

Highlighted filing

2017

Assets$528,887
Liabilities$23,941
Net Assets$504,946
Open 2017 Filing

Operations Trend

Revenue Growth62nd percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $126,618Expenses 2011: $187,236Net Income 2011: -$60,6182011Expenses 2012: $165,8612012Revenue 2015: $145,649Expenses 2015: $196,722Net Income 2015: -$51,0732015Revenue 2017: $157,476Expenses 2017: $200,320Net Income 2017: -$42,8442017Revenue 2018: $158,283Expenses 2018: $215,859Net Income 2018: -$57,5762018Revenue 2019: $157,143Expenses 2019: $200,378Net Income 2019: -$43,2352019Revenue 2020: $158,993Expenses 2020: $187,340Net Income 2020: -$28,3472020Revenue 2021: $159,588Expenses 2021: $171,898Net Income 2021: -$12,3102021Revenue 2022: $234,928Expenses 2022: $287,099Net Income 2022: -$52,1712022Revenue 2023: $158,870Expenses 2023: $238,473Net Income 2023: -$79,6032023Revenue 2024: $195,748Expenses 2024: $258,274Net Income 2024: -$62,5262024Revenue 2025: $224,276Expenses 2025: $240,829Net Income 2025: -$16,5532025

Highlighted filing

2017

Revenue$157,476
Expenses$200,320
Net Income-$42,844
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 3, 2018
Return Version
2017v2.2
Gross Receipts
$157,476
Mission and Program Overview

Mission

Provide low-income senior housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$506,197$445,055▼ $61,142
Cash and Non-Interest-Bearing Accounts$12,204$11,799▼ $405
Prepaid Expenses and Deferred Charges$3,371$3,371→ $0
Accounts Receivable-$98-
Total Assets$575,456$528,887▼ $46,569
Other Assets Total$53,684$68,564▲ $14,880
Liabilities
Other Liabilities$13,028$15,697▲ $2,669
Accounts Payable and Accrued Expenses$14,638$8,244▼ $6,394
Total Liabilities$27,666$23,941▼ $3,725
Net Assets / Fund Balance
Unrestricted Net Assets$547,790$504,946▼ $42,844
Total Net Assets Fund Balance$547,790$504,946▼ $42,844
Total Liabilities and Net Assets / Fund Balance$575,456$528,887▼ $46,569

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$423,198$923,567$1,346,765
Equipment$18,947$77,624$96,571
Other Land Buildings$2,910$2,459$5,369
Other Assets Org$5,936--
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Judy AveryPresident
James JonesVice President
Arlene C WayDirector
Dwane GrantDirector
James YarborDirector
Sharon SmithDirector
Wanda FeasterDirector
Debra a WilliamsSecretary
Donna BoykinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$154,748
Investment Income
$14
Other Revenue
$2,714
Change in Net Assets
$-42,844

Audited Revenue Reconciliation

Revenue per Audited Statements
$157,476
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$157,476
Total Revenue per Form 990
$157,476
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$154,712
Salaries, Compensation, and Employee Benefits$45,608
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$61,142--$61,142
Other Salaries and Wages$17,165$24,213-$41,378
Fees for Services Other$13,167$7,175-$20,342
Fees for Services Management-$13,181-$13,181
Insurance$12,597--$12,597
Occupancy$11,276--$11,276
Fees for Services Accounting-$5,700-$5,700
Payroll Taxes$1,647$2,370-$4,017
Office Expenses-$3,499-$3,499
Other Expenses$1,105$1,720-$1,105
Advertising-$750-$750
Other Employee Benefits$87$126-$213
Conferences and Meetings-$135-$135
All Other Expenses-$93-$93
Total Functional Expenses$141,358$58,962$0$200,320

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$200,320
Total Expenses per Audited Statements$200,320
Total Expenses per Form 990$200,320
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
Loan Payable - Surplus Cash$8,000
TENANTS' SECURITY DEPOSITS$5,936
Prepaid Revenue$1,761
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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

“Trip realty management corp. Is the management agent handling day-to-day operations including rentals, marketing, recordkeeping, maintenance, etc.”

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

“Return is shared with officers before signature by the president.”

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

“All interests are to be disclosed prior to any potential business activity. This project is a hud sponsored project, with significant oversight.”

Form 990, Part VI, Section B, Line 15

“There are no paid officers or employees. Management fees are paid to run the project, no employment/payments are made to individuals.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Drake Manor Housing Development Fund
EIN
16-1522028
Phone
5184640602
Address
112 2ND STREET, ALBANY, NY 12210

Signing Officer

Name
Judyth Avery
Title
President
Phone
5184640602
Signed
2018-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judyth Avery
Formed
1997
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
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 13,167. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,167. Audit expense: program service expenses 0. Management and general expenses 7,175. Fundraising expenses 0. Total expenses 7,175.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal 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 organization has been classified as a publicly supported organization that is not a private foundation under section 509(a) of the code. The organization 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 organization has taken no uncertain tax positions that require adjustment in its financial statements. U.s. Forms 990 filed by the organization are subject to examination by taxing authorities.”

Raw XML AppendixShowing 400 of 461 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt014638
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt08244
IRS990/AccountsReceivableGrp/EOYAmt098
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE LOW-INCOME SENIOR HOUSING.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0750
IRS990/AdvertisingGrp/TotalAmt0750
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt093
IRS990/AllOtherExpensesGrp/TotalAmt093
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KENNY HOLMES CO TRIP REALTY MGMT CORP
IRS990/BooksInCareOfDetail/PhoneNum05182728289
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0415 RIVER STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0TROY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd012180
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt012204
IRS990/CashNonInterestBearingGrp/EOYAmt011799
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0135
IRS990/ConferencesMeetingsGrp/TotalAmt0135
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt014
IRS990/CYOtherExpensesAmt0154712
IRS990/CYOtherRevenueAmt02714
IRS990/CYProgramServiceRevenueAmt0154748
IRS990/CYRevenuesLessExpensesAmt0-42844
IRS990/CYSalariesCompEmpBnftPaidAmt045608
IRS990/CYTotalExpensesAmt0200320
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0157476
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt061142
IRS990/DepreciationDepletionGrp/TotalAmt061142
IRS990/Desc0ACQUIRE AND OPERATE AN APARTMENT COMPLEX OF 20 UNITS LOCATED IN THE CITY OF ALBANY, NEW YORK UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OFFERING LOW-RENT APARTMENTS TO QUALIFYING LOW-INCOME PERSONS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0141358
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05700
IRS990/FeesForServicesAccountingGrp/TotalAmt05700
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt013181
IRS990/FeesForServicesManagementGrp/TotalAmt013181
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt07175
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt013167
IRS990/FeesForServicesOtherGrp/TotalAmt020342
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0JUDY AVERY
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES JONES
IRS990/Form990PartVIISectionAGrp/PersonNm2DONNA BOYKIN
IRS990/Form990PartVIISectionAGrp/PersonNm3DEBRA A WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm4WANDA FEASTER
IRS990/Form990PartVIISectionAGrp/PersonNm5DWANE GRANT
IRS990/Form990PartVIISectionAGrp/PersonNm6SHARON SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm7ARLENE C WAY
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMES YARBOR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0157476
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt012597
IRS990/InsuranceGrp/TotalAmt012597
IRS990/InvestmentIncomeGrp/ExclusionAmt014
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt014
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01003650
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0506197
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0445055
IRS990/LandBldgEquipCostOrOtherBssAmt01448705
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE LOW-INCOME SENIOR HOUSING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0547790
IRS990/NetAssetsOrFundBalancesEOYAmt0504946
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt011276
IRS990/OccupancyGrp/TotalAmt011276
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03499
IRS990/OfficeExpensesGrp/TotalAmt03499
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt053684
IRS990/OtherAssetsTotalGrp/EOYAmt068564
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0126
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt087
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0213
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1GARBAGE & TRASH REMOVAL
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3TAXES, LICENSES, & PERM
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01720
IRS990/OtherExpensesGrp/ProgramServicesAmt017927
IRS990/OtherExpensesGrp/ProgramServicesAmt14620
IRS990/OtherExpensesGrp/ProgramServicesAmt2625
IRS990/OtherExpensesGrp/ProgramServicesAmt31105
IRS990/OtherExpensesGrp/TotalAmt017927
IRS990/OtherExpensesGrp/TotalAmt14620
IRS990/OtherExpensesGrp/TotalAmt22345
IRS990/OtherExpensesGrp/TotalAmt31105
IRS990/OtherLiabilitiesGrp/BOYAmt013028
IRS990/OtherLiabilitiesGrp/EOYAmt015697
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING REVE
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
IRS990/OtherRevenueMiscGrp/ExclusionAmt01979
IRS990/OtherRevenueMiscGrp/ExclusionAmt1735
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01979
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1735
IRS990/OtherRevenueTotalAmt02714
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt024213
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt017165
IRS990/OtherSalariesAndWagesGrp/TotalAmt041378
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02370
IRS990/PayrollTaxesGrp/ProgramServicesAmt01647
IRS990/PayrollTaxesGrp/TotalAmt04017
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03371
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03371
IRS990/PrincipalOfficerNm0JUDYTH AVERY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0101978
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt152770
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0101978
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt152770
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09
IRS990/PYOtherExpensesAmt0147767
IRS990/PYOtherRevenueAmt01804
IRS990/PYProgramServiceRevenueAmt0156952
IRS990/PYRevenuesLessExpensesAmt0-36936
IRS990/PYSalariesCompEmpBnftPaidAmt047934
IRS990/PYTotalExpensesAmt0195701
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0158765
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-42844
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0154748
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt013
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt061
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0154748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0156952
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0143921
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0137560
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0138433
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0731614
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt013
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt061
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02714
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01804
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01717
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01666
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02789
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010690
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98550
IRS990ScheduleA/PublicSupportPY509Pct00.98730
IRS990ScheduleA/PublicSupportTotal509Amt0731614
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0154748
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0156952
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0143921
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0137560
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0138433
IRS990ScheduleA/Total509Grp/TotalAmt0731614
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0157476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0158765
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0145649
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0139240
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0141235
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0742365
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0423198
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0923567
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01346765
IRS990ScheduleD/EquipmentGrp/BookValueAmt018947
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077624
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt096571
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0200320
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt053381
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt19247
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt25936
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02910
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02459
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05369
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25936
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN PAYABLE - SURPLUS CASH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0157476
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL 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 ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE ORGANIZATION 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 ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0445055
IRS990ScheduleD/TotalBookValueOtherAssetsAmt068564
IRS990ScheduleD/TotalExpensesPerForm990Amt0200320
IRS990ScheduleD/TotalLiabilityAmt015697
IRS990ScheduleD/TotalRevenuePerForm990Amt0157476
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0157476
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0200320
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRIP REALTY MANAGEMENT CORP. IS THE MANAGEMENT AGENT HANDLING DAY-TO-DAY OPERATIONS INCLUDING RENTALS, MARKETING, RECORDKEEPING, MAINTENANCE, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RETURN IS SHARED WITH OFFICERS BEFORE SIGNATURE BY THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL INTERESTS ARE TO BE DISCLOSED PRIOR TO ANY POTENTIAL BUSINESS ACTIVITY. THIS PROJECT IS A HUD SPONSORED PROJECT, WITH SIGNIFICANT OVERSIGHT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO PAID OFFICERS OR EMPLOYEES. MANAGEMENT FEES ARE PAID TO RUN THE PROJECT, NO EMPLOYMENT/PAYMENTS ARE MADE TO INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 13,167. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,167. AUDIT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,175. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,175.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0575456
IRS990/TotalAssetsEOYAmt0528887
IRS990/TotalAssetsGrp/BOYAmt0575456
IRS990/TotalAssetsGrp/EOYAmt0528887
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058962
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0141358
IRS990/TotalFunctionalExpensesGrp/TotalAmt0200320
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027666
IRS990/TotalLiabilitiesEOYAmt023941
IRS990/TotalLiabilitiesGrp/BOYAmt027666
IRS990/TotalLiabilitiesGrp/EOYAmt023941
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0547790
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0504946

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$528,887
Liabilities
$23,941
Net assets
$504,946
Revenue
$157,476
Expenses
$200,320
Net income
-$42,844
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.86$0.33$1.53$2.24$2.41$0.17
2024Detailed filing. Detailed filing data is available for this year.$2.14$0.45$1.69$1.96$2.58$0.63
2023Detailed filing. Detailed filing data is available for this year.$2.60$0.29$2.32$1.59$2.38$0.80
2022Detailed filing. Detailed filing data is available for this year.$3.40$0.28$3.11$2.35$2.87$0.52
2021Detailed filing. Detailed filing data is available for this year.$4.05$0.41$3.63$1.60$1.72$0.12
2020Detailed filing. Detailed filing data is available for this year.$4.18$0.43$3.76$1.59$1.87$0.28
2019Detailed filing. Detailed filing data is available for this year.$4.40$0.36$4.04$1.57$2.00$0.43
2018Detailed filing. Detailed filing data is available for this year.$4.80$0.32$4.47$1.58$2.16$0.58
2017Detailed filing. Detailed filing data is available for this year.$5.29$0.24$5.05$1.57$2.00$0.43
2015Summary only. Only limited summary data is available for this year.$6.18$0.33$5.85$1.46$1.97$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.68$0.28$7.40$1.66
2011Summary only. Only limited summary data is available for this year.$8.08$0.59$7.49$1.27$1.87$0.61