Civic Intelligence

Drake Manor Housing Development Fund Company Inc.

990 • Fiscal year 2020 • EIN 16-1522028

Jan 01, 2020 to Dec 31, 2020 • Filed on May 07, 2021

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

52nd percentile

0.10x

Higher debt load relative to assets than 52% of similar nonprofits.

2020 filings • NTEE L • <$500k nonprofits • Source year 2020

Liabilities / Revenue

56th percentile

0.27x

Higher debt load relative to revenue than 56% of similar nonprofits.

2020 filings • NTEE L • <$500k nonprofits • Source year 2020

Net Margin

28th percentile

-18%

Higher net margin than 28% of similar nonprofits.

2020 filings • NTEE L • <$500k nonprofits • Source year 2020

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2020 filings • NTEE L • <$500k nonprofits • Source year 2020

Asset Growth

34th percentile

-5.0%

Faster asset growth than 34% of similar nonprofits.

2020 filings • NTEE L • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

1.2%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • NTEE L • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$418,363

Down $22,087 (-5.0%) from 2019

Net Assets

Down

$375,788

Down $28,347 (-7.0%) from 2019

Liabilities

Up

$42,575

Up $6,260 (+17%) from 2019

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin28th percentile

Revenue

Up

$158,993

Up $1,850 (+1.2%) from 2019

Expenses

Down

$187,340

Down $13,038 (-6.5%) from 2019

Net Income

Up

-$28,347

Up $14,888 (+34%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2020

Assets$418,363
Liabilities$42,575
Net Assets$375,788
Open 2020 Filing

Operations Trend

Revenue Growth57th 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

2020

Revenue$158,993
Expenses$187,340
Net Income-$28,347
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 7, 2021
Return Version
2020v4.1
Gross Receipts
$158,993
Mission and Program Overview

Mission

Provide low-income senior housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$361,214$305,273▼ $55,941
Cash and Non-Interest-Bearing Accounts$11,868$46,647▲ $34,779
Accounts Receivable$69$4,812▲ $4,743
Prepaid Expenses and Deferred Charges$3,371--
Total Assets$440,450$418,363▼ $22,087
Other Assets Total$63,928$61,631▼ $2,297
Liabilities
Accounts Payable and Accrued Expenses$22,262$30,062▲ $7,800
Other Liabilities$14,053$12,513▼ $1,540
Total Liabilities$36,315$42,575▲ $6,260
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$404,135$375,788▼ $28,347
Total Net Assets Fund Balance$404,135$375,788▼ $28,347
Total Liabilities and Net Assets / Fund Balance$440,450$418,363▼ $22,087

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$238,187$1,139,023$1,377,210
Equipment$67,086$29,485$96,571
Other Land Buildings$0$5,369$5,369
Other Assets Org$6,392--
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Sharon SmithPresident
Arlene C WayDirector
Judyth AveryDirector
Rudy BanksDirector
Wanda FeasterDirector
Davia StevensSecretary
Bethany CaldwellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$158,168
Investment Income
$12
Other Revenue
$813
Change in Net Assets
$-28,347

Audited Revenue Reconciliation

Revenue per Audited Statements
$158,993
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$158,993
Total Revenue per Form 990
$158,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$142,439
Salaries, Compensation, and Employee Benefits$44,901
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$55,941--$55,941
Other Salaries and Wages$16,063$20,524-$36,587
Fees for Services Other$17,651$6,975-$24,626
Insurance$16,166--$16,166
Fees for Services Management-$12,373-$12,373
Occupancy$11,619--$11,619
Fees for Services Accounting-$5,700-$5,700
Payroll Taxes$2,197$2,808-$5,005
Office Expenses-$3,677-$3,677
Other Employee Benefits$1,453$1,856-$3,309
Other Expenses$1,404$1,987-$1,404
Conferences and Meetings-$187-$187
Total Functional Expenses$131,253$56,087$0$187,340

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$187,340
Total Expenses per Audited Statements$187,340
Total Expenses per Form 990$187,340
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$6,392
Accrued Management Fee Payable$6,121
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
2021-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Smith
Formed
1997
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
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 17,651. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,651. Audit expense: program service expenses 0. Management and general expenses 6,975. Fundraising expenses 0. Total expenses 6,975.”

Form 990, Part XII, Line 12C

“No changes have taken place in the year ended december 31, 2020.”

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 451 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/BOYAmt022262
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt030062
IRS990/AccountsReceivableGrp/BOYAmt069
IRS990/AccountsReceivableGrp/EOYAmt04812
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE LOW-INCOME SENIOR HOUSING.
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE COMPANY
IRS990/BooksInCareOfDetail/PhoneNum05184640602
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0112 2ND STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ALBANY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd012210
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt011868
IRS990/CashNonInterestBearingGrp/EOYAmt046647
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0187
IRS990/ConferencesMeetingsGrp/TotalAmt0187
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt012
IRS990/CYOtherExpensesAmt0142439
IRS990/CYOtherRevenueAmt0813
IRS990/CYProgramServiceRevenueAmt0158168
IRS990/CYRevenuesLessExpensesAmt0-28347
IRS990/CYSalariesCompEmpBnftPaidAmt044901
IRS990/CYTotalExpensesAmt0187340
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0158993
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt055941
IRS990/DepreciationDepletionGrp/TotalAmt055941
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/ExpenseAmt0131253
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05700
IRS990/FeesForServicesAccountingGrp/TotalAmt05700
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt012373
IRS990/FeesForServicesManagementGrp/TotalAmt012373
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt06975
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt017651
IRS990/FeesForServicesOtherGrp/TotalAmt024626
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
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/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
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/PersonNm0SHARON SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm1RUDY BANKS
IRS990/Form990PartVIISectionAGrp/PersonNm2BETHANY CALDWELL
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVIA STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm4JUDYTH AVERY
IRS990/Form990PartVIISectionAGrp/PersonNm5WANDA FEASTER
IRS990/Form990PartVIISectionAGrp/PersonNm6ARLENE C WAY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0158993
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt016166
IRS990/InsuranceGrp/TotalAmt016166
IRS990/InvestmentIncomeGrp/ExclusionAmt012
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01173877
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0361214
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0305273
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/NetAssetsOrFundBalancesBOYAmt0404135
IRS990/NetAssetsOrFundBalancesEOYAmt0375788
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0404135
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0375788
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt011619
IRS990/OccupancyGrp/TotalAmt011619
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03677
IRS990/OfficeExpensesGrp/TotalAmt03677
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt063928
IRS990/OtherAssetsTotalGrp/EOYAmt061631
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01856
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01453
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03309
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2GARBAGE & TRASH REMOVAL
IRS990/OtherExpensesGrp/Desc3TAXES, LICENSES, & PERM
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01987
IRS990/OtherExpensesGrp/ProgramServicesAmt05763
IRS990/OtherExpensesGrp/ProgramServicesAmt1602
IRS990/OtherExpensesGrp/ProgramServicesAmt22394
IRS990/OtherExpensesGrp/ProgramServicesAmt31404
IRS990/OtherExpensesGrp/TotalAmt05763
IRS990/OtherExpensesGrp/TotalAmt12589
IRS990/OtherExpensesGrp/TotalAmt22394
IRS990/OtherExpensesGrp/TotalAmt31404
IRS990/OtherLiabilitiesGrp/BOYAmt014053
IRS990/OtherLiabilitiesGrp/EOYAmt012513
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING REVE
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
IRS990/OtherRevenueMiscGrp/ExclusionAmt0534
IRS990/OtherRevenueMiscGrp/ExclusionAmt1279
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0534
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1279
IRS990/OtherRevenueTotalAmt0813
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020524
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt016063
IRS990/OtherSalariesAndWagesGrp/TotalAmt036587
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02808
IRS990/PayrollTaxesGrp/ProgramServicesAmt02197
IRS990/PayrollTaxesGrp/TotalAmt05005
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03371
IRS990/PrincipalOfficerNm0SHARON SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt085311
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt172857
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt085311
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt172857
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt022
IRS990/PYOtherExpensesAmt0151466
IRS990/PYOtherRevenueAmt02421
IRS990/PYProgramServiceRevenueAmt0154700
IRS990/PYRevenuesLessExpensesAmt0-43235
IRS990/PYSalariesCompEmpBnftPaidAmt048912
IRS990/PYTotalExpensesAmt0200378
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0157143
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-28347
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0158168
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0158168
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0154700
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0156389
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0154748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0156952
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0780957
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt095
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0813
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02421
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01856
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02714
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01804
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09608
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98770
IRS990ScheduleA/PublicSupportPY509Pct00.98640
IRS990ScheduleA/PublicSupportTotal509Amt0780957
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0158168
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0154700
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0156389
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0154748
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0156952
IRS990ScheduleA/Total509Grp/TotalAmt0780957
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0158993
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0157143
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0158283
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0157476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0158765
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0790660
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0238187
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01139023
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01377210
IRS990ScheduleD/EquipmentGrp/BookValueAmt067086
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029485
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt096571
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0187340
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt052163
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13076
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26392
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/Amt06121
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16392
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED MANAGEMENT FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0158993
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/TotalBookValueLandBuildingsAmt0305273
IRS990ScheduleD/TotalBookValueOtherAssetsAmt061631
IRS990ScheduleD/TotalExpensesPerForm990Amt0187340
IRS990ScheduleD/TotalLiabilityAmt012513
IRS990ScheduleD/TotalRevenuePerForm990Amt0158993
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0158993
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0187340
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 17,651. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,651. AUDIT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,975. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,975.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO CHANGES HAVE TAKEN PLACE IN THE YEAR ENDED DECEMBER 31, 2020.
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/TotalAssetsBOYAmt0440450
IRS990/TotalAssetsEOYAmt0418363
IRS990/TotalAssetsGrp/BOYAmt0440450
IRS990/TotalAssetsGrp/EOYAmt0418363
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt056087
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0131253
IRS990/TotalFunctionalExpensesGrp/TotalAmt0187340
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036315
IRS990/TotalLiabilitiesEOYAmt042575
IRS990/TotalLiabilitiesGrp/BOYAmt036315
IRS990/TotalLiabilitiesGrp/EOYAmt042575
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0404135
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0375788
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0131253
IRS990/TotalProgramServiceRevenueAmt0158168
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0825
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0158168
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0158993

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$418,363
Liabilities
$42,575
Net assets
$375,788
Revenue
$158,993
Expenses
$187,340
Net income
-$28,347
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