Civic Intelligence

Drake Manor Housing Development Fund Company Inc.

990 • Fiscal year 2019 • EIN 16-1522028

Jan 01, 2019 to Dec 31, 2019 • Filed on May 12, 2020

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

54th percentile

0.08x

Higher debt load relative to assets than 54% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Liabilities / Revenue

58th percentile

0.23x

Higher debt load relative to revenue than 58% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Net Margin

22nd percentile

-28%

Higher net margin than 22% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Asset Growth

29th percentile

-8.2%

Faster asset growth than 29% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

43rd percentile

-0.7%

Faster revenue growth than 43% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$440,450

Down $39,389 (-8.2%) from 2018

Net Assets

Down

$404,135

Down $43,235 (-9.7%) from 2018

Liabilities

Up

$36,315

Up $3,846 (+12%) from 2018

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin22nd percentile

Revenue

Down

$157,143

Down $1,140 (-0.7%) from 2018

Expenses

Down

$200,378

Down $15,481 (-7.2%) from 2018

Net Income

Up

-$43,235

Up $14,341 (+25%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2019

Assets$440,450
Liabilities$36,315
Net Assets$404,135
Open 2019 Filing

Operations Trend

Revenue Growth43rd 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

2019

Revenue$157,143
Expenses$200,378
Net Income-$43,235
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 12, 2020
Return Version
2019v5.1
Gross Receipts
$157,143
Mission and Program Overview

Mission

Provide low-income senior housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$387,832$361,214▼ $26,618
Cash and Non-Interest-Bearing Accounts$8,779$11,868▲ $3,089
Prepaid Expenses and Deferred Charges$3,371$3,371→ $0
Accounts Receivable$75$69▼ $6
Total Assets$479,839$440,450▼ $39,389
Other Assets Total$79,782$63,928▼ $15,854
Liabilities
Accounts Payable and Accrued Expenses$21,777$22,262▲ $485
Other Liabilities$10,692$14,053▲ $3,361
Total Liabilities$32,469$36,315▲ $3,846
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$447,370$404,135▼ $43,235
Total Net Assets Fund Balance$447,370$404,135▼ $43,235
Total Liabilities and Net Assets / Fund Balance$479,839$440,450▼ $39,389

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$286,588$1,090,622$1,377,210
Equipment$74,626$21,945$96,571
Other Land Buildings$0$5,369$5,369
Other Assets Org$6,074--
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Sharon SmithPresident
Rudy BanksVice President
Arlene C WayDirector
Bethany CaldwellDirector
Davia StevensDirector
James YarborDirector
Judyth AveryDirector
Wanda FeasterDirector
Betty DicksonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$154,700
Investment Income
$22
Other Revenue
$2,421
Change in Net Assets
$-43,235

Audited Revenue Reconciliation

Revenue per Audited Statements
$157,143
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$157,143
Total Revenue per Form 990
$157,143
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$151,466
Salaries, Compensation, and Employee Benefits$48,912
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$57,063--$57,063
Other Salaries and Wages$18,349$24,738-$43,087
Fees for Services Other$22,181$6,850-$29,031
Insurance$13,920--$13,920
Fees for Services Management-$12,712-$12,712
Occupancy$12,201--$12,201
Fees for Services Accounting-$5,700-$5,700
Payroll Taxes$1,611$2,171-$3,782
Office Expenses-$2,954-$2,954
Other Employee Benefits$870$1,173-$2,043
Other Expenses$635$886-$1,521
Fees for Services Legal-$695-$695
All Other Expenses$361--$361
Conferences and Meetings-$135-$135
Total Functional Expenses$138,852$61,526$0$200,378

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$200,378
Total Expenses per Audited Statements$200,378
Total Expenses per Form 990$200,378
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$6,074
Accrued Management Fee Payable$5,413
Prepaid Revenue$2,566
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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

“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
Sharon Smith
Title
President
Phone
5184640602
Signed
2020-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Smith
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
David a Urban CPA
Phone
7166340700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Maintenance contracts: program service expenses 22,181. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,181. Audit expense: program service expenses 0. Management and general expenses 6,850. Fundraising expenses 0. Total expenses 6,850.”

Form 990, Part XII, Line 12C

“No changes have taken place in the year ended december 31, 2019.”

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 467 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/BOYAmt021777
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt022262
IRS990/AccountsReceivableGrp/BOYAmt075
IRS990/AccountsReceivableGrp/EOYAmt069
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE LOW-INCOME SENIOR HOUSING.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0361
IRS990/AllOtherExpensesGrp/TotalAmt0361
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JUDITH AVERY 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/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt08779
IRS990/CashNonInterestBearingGrp/EOYAmt011868
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/CYInvestmentIncomeAmt022
IRS990/CYOtherExpensesAmt0151466
IRS990/CYOtherRevenueAmt02421
IRS990/CYProgramServiceRevenueAmt0154700
IRS990/CYRevenuesLessExpensesAmt0-43235
IRS990/CYSalariesCompEmpBnftPaidAmt048912
IRS990/CYTotalExpensesAmt0200378
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0157143
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt057063
IRS990/DepreciationDepletionGrp/TotalAmt057063
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/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0138852
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05700
IRS990/FeesForServicesAccountingGrp/TotalAmt05700
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0695
IRS990/FeesForServicesLegalGrp/TotalAmt0695
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt012712
IRS990/FeesForServicesManagementGrp/TotalAmt012712
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt06850
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt022181
IRS990/FeesForServicesOtherGrp/TotalAmt029031
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/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/PersonNm0SHARON SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm1RUDY BANKS
IRS990/Form990PartVIISectionAGrp/PersonNm2BETTY DICKSON
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVIA STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm4WANDA FEASTER
IRS990/Form990PartVIISectionAGrp/PersonNm5ARLENE C WAY
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES YARBOR
IRS990/Form990PartVIISectionAGrp/PersonNm7JUDYTH AVERY
IRS990/Form990PartVIISectionAGrp/PersonNm8BETHANY CALDWELL
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/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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/GrossReceiptsAmt0157143
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt013920
IRS990/InsuranceGrp/TotalAmt013920
IRS990/InvestmentIncomeGrp/ExclusionAmt022
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt022
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01117936
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0387832
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0361214
IRS990/LandBldgEquipCostOrOtherBssAmt01479150
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/NetAssetsOrFundBalancesBOYAmt0447370
IRS990/NetAssetsOrFundBalancesEOYAmt0404135
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0447370
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0404135
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt012201
IRS990/OccupancyGrp/TotalAmt012201
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02954
IRS990/OfficeExpensesGrp/TotalAmt02954
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt079782
IRS990/OtherAssetsTotalGrp/EOYAmt063928
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01173
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0870
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02043
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1GARBAGE & TRASH REMOVAL
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03512
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1886
IRS990/OtherExpensesGrp/ProgramServicesAmt08101
IRS990/OtherExpensesGrp/ProgramServicesAmt13560
IRS990/OtherExpensesGrp/ProgramServicesAmt2635
IRS990/OtherExpensesGrp/TotalAmt08101
IRS990/OtherExpensesGrp/TotalAmt13560
IRS990/OtherExpensesGrp/TotalAmt23512
IRS990/OtherExpensesGrp/TotalAmt31521
IRS990/OtherLiabilitiesGrp/BOYAmt010692
IRS990/OtherLiabilitiesGrp/EOYAmt014053
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY & VENDING REVE
IRS990/OtherRevenueMiscGrp/ExclusionAmt01637
IRS990/OtherRevenueMiscGrp/ExclusionAmt1784
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01637
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1784
IRS990/OtherRevenueTotalAmt02421
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt024738
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt018349
IRS990/OtherSalariesAndWagesGrp/TotalAmt043087
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02171
IRS990/PayrollTaxesGrp/ProgramServicesAmt01611
IRS990/PayrollTaxesGrp/TotalAmt03782
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03371
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03371
IRS990/PrincipalOfficerNm0SHARON SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt083858
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt170842
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt083858
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt170842
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt038
IRS990/PYOtherExpensesAmt0168007
IRS990/PYOtherRevenueAmt01856
IRS990/PYProgramServiceRevenueAmt0156389
IRS990/PYRevenuesLessExpensesAmt0-57576
IRS990/PYSalariesCompEmpBnftPaidAmt047852
IRS990/PYTotalExpensesAmt0215859
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0158283
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-43235
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0154700
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt094
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0154700
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0156389
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0154748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0156952
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0143921
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0766710
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt094
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02421
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01856
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02714
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01804
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01717
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010512
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98640
IRS990ScheduleA/PublicSupportPY509Pct00.98700
IRS990ScheduleA/PublicSupportTotal509Amt0766710
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0154700
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0156389
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0154748
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0156952
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0143921
IRS990ScheduleA/Total509Grp/TotalAmt0766710
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0157143
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0158283
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0157476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0158765
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0145649
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0777316
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0286588
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01090622
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01377210
IRS990ScheduleD/EquipmentGrp/BookValueAmt074626
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021945
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt096571
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0200378
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt054782
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13072
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26074
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05369
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05369
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05413
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26074
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED MANAGEMENT FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0157143
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/TotalBookValueLandBuildingsAmt0361214
IRS990ScheduleD/TotalBookValueOtherAssetsAmt063928
IRS990ScheduleD/TotalExpensesPerForm990Amt0200378
IRS990ScheduleD/TotalLiabilityAmt014053
IRS990ScheduleD/TotalRevenuePerForm990Amt0157143
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0157143
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0200378
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 22,181. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,181. AUDIT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,850. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,850.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO CHANGES HAVE TAKEN PLACE IN THE YEAR ENDED DECEMBER 31, 2019.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 12C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0479839
IRS990/TotalAssetsEOYAmt0440450
IRS990/TotalAssetsGrp/BOYAmt0479839
IRS990/TotalAssetsGrp/EOYAmt0440450
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061526
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0138852
IRS990/TotalFunctionalExpensesGrp/TotalAmt0200378

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$440,450
Liabilities
$36,315
Net assets
$404,135
Revenue
$157,143
Expenses
$200,378
Net income
-$43,235
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