Civic Intelligence

Marshside Village Inc.

990 • Fiscal year 2014 • EIN 20-1910771

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 15, 2015

1999 Broadway Suite 1000Denver, CO 80202

(303) 830-3300

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

64th percentile

0.23x

Higher debt load relative to revenue than 64% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

6th percentile

-44%

Higher net margin than 6% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

93rd percentile

$261,077

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 87.8% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

20th percentile

-4.9%

Faster asset growth than 20% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

80th percentile

26%

Faster revenue growth than 80% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$3,005,113

Down $155,594 (-4.9%) from 2013

Net Assets

Down

$2,936,116

Down $131,660 (-4.3%) from 2013

Liabilities

Down

$68,997

Down $23,934 (-26%) from 2013

Revenue

Up

$297,505

Up $61,937 (+26%) from 2013

Expenses

Up

$429,165

Up $28,596 (+7.1%) from 2013

Net Income

Up

-$131,660

Up $33,341 (+20%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,603,569Liabilities 2010: $29,023Net Assets 2010: $3,574,5462010Assets 2011: $3,476,532Liabilities 2011: $37,492Net Assets 2011: $3,439,0402011Assets 2012: $3,314,261Liabilities 2012: $81,484Net Assets 2012: $3,232,7772012Assets 2013: $3,160,707Liabilities 2013: $92,931Net Assets 2013: $3,067,7762013Assets 2014: $3,005,113Liabilities 2014: $68,997Net Assets 2014: $2,936,1162014Assets 2015: $2,873,516Liabilities 2015: $71,416Net Assets 2015: $2,802,1002015Assets 2016: $2,742,785Liabilities 2016: $68,647Net Assets 2016: $2,674,1382016Assets 2017: $2,626,753Liabilities 2017: $78,844Net Assets 2017: $2,547,9092017Assets 2018: $2,474,039Liabilities 2018: $82,690Net Assets 2018: $2,391,3492018Assets 2019: $2,367,184Liabilities 2019: $64,618Net Assets 2019: $2,302,5662019Assets 2020: $2,241,577Liabilities 2020: $65,064Net Assets 2020: $2,176,5132020Assets 2021: $2,113,793Liabilities 2021: $18,967Net Assets 2021: $2,094,8262021Assets 2022: $2,008,275Liabilities 2022: $36,942Net Assets 2022: $1,971,3332022Assets 2023: $1,919,920Liabilities 2023: $22,193Net Assets 2023: $1,897,7272023Assets 2024: $1,847,346Liabilities 2024: $23,175Net Assets 2024: $1,824,1712024

Highlighted filing

2014

Assets$3,005,113
Liabilities$68,997
Net Assets$2,936,116

Operations Trend

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

$600K$400K$200K$0-$200K-$400KExpenses 2010: $328,2312010Revenue 2011: $186,067Expenses 2011: $321,573Net Income 2011: -$135,5062011Revenue 2012: $189,519Expenses 2012: $395,782Net Income 2012: -$206,2632012Revenue 2013: $235,568Expenses 2013: $400,569Net Income 2013: -$165,0012013Revenue 2014: $297,505Expenses 2014: $429,165Net Income 2014: -$131,6602014Revenue 2015: $300,041Expenses 2015: $434,057Net Income 2015: -$134,0162015Revenue 2016: $309,557Expenses 2016: $437,519Net Income 2016: -$127,9622016Revenue 2017: $356,235Expenses 2017: $482,464Net Income 2017: -$126,2292017Revenue 2018: $387,769Expenses 2018: $544,329Net Income 2018: -$156,5602018Revenue 2019: $419,882Expenses 2019: $508,665Net Income 2019: -$88,7832019Revenue 2020: $435,560Expenses 2020: $561,613Net Income 2020: -$126,0532020Revenue 2021: $449,624Expenses 2021: $531,311Net Income 2021: -$81,6872021Revenue 2022: $445,174Expenses 2022: $568,667Net Income 2022: -$123,4932022Revenue 2023: $467,826Expenses 2023: $541,432Net Income 2023: -$73,6062023Revenue 2024: $486,117Expenses 2024: $559,673Net Income 2024: -$73,5562024

Highlighted filing

2014

Revenue$297,505
Expenses$429,165
Net Income-$131,660
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Sep 15, 2015
Return Version
2014v5.0
Gross Receipts
$297,505
Mission and Program Overview

Mission

To own and operate a 48-unit apartment project in north charleston, south carolina, providing housing for low-income persons

To own and operate a 48-unit apartment project in north charleston, south carolina, providing housing for low-income persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,967,514$2,829,237▼ $138,277
Prepaid Expenses and Deferred Charges$7,424$6,190▼ $1,234
Cash and Non-Interest-Bearing Accounts$5,089$3,125▼ $1,964
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$3,160,707$3,005,113▼ $155,594
Other Assets Total$180,680$166,561▼ $14,119
Liabilities
Accounts Payable and Accrued Expenses$82,173$57,726▼ $24,447
Other Liabilities$10,758$11,271▲ $513
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$92,931$68,997▼ $23,934
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,385,146$3,284,845▼ $100,301
Permanently Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-317,370$-348,729▼ $31,359
Total Net Assets Fund Balance$3,067,776$2,936,116▼ $131,660
Total Liabilities and Net Assets / Fund Balance$3,160,707$3,005,113▼ $155,594

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,585,429$953,609$3,539,038
Land$241,500-$241,500
Other Land Buildings$0$76,036$76,036
Equipment$2,308$29,975$32,283
Other Assets Org$4,267--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Ben Phillipsvice president$146,355$146,355
Bruce SaabVice President$131,237$131,237
Francena Marie LoweDirector/President$89,032$89,032
Joseph ROSENBLUMSecretary$82,272$82,272

Board Members and Trustees

NameTitle
Melissa ClaytonVice President
Christoper BurckhardtDirector
Vincent DoddsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$297,451
Investment Income
$54
Other Revenue
$0
Change in Net Assets
$-131,660

Audited Revenue Reconciliation

Revenue per Audited Statements
$297,505
Total Revenue per Audited Statements
$297,505
Total Revenue per Form 990
$297,505
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$394,038
Salaries, Compensation, and Employee Benefits$35,127
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$138,277--$138,277
Other Salaries and Wages-$35,127-$35,127
Insurance$25,992--$25,992
Fees for Services Management-$21,262-$21,262
Office Expenses-$15,409-$15,409
Fees for Services Accounting-$13,459-$13,459
Other Expenses$6,836$21,573-$6,836
Conferences and Meetings-$1,079-$1,079
All Other Expenses-$819-$819
Total Functional Expenses$320,437$108,728$0$429,165

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$429,165
Total Expenses per Audited Statements$429,165
Total Expenses per Form 990$429,165
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$11,271
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

part VI section B #15A & #15B

The process for determining compensation for the President, chairman, officers, and directors is determined by an Employee Benefits committee, which is appointed by the board of directors of Mercy Housing, Inc. To ensure competitiveness and reasonableness, wages are compared to other affordable housing organizations, both for- and not-for-profit, or the local market for positions applicable to a broader competitive market. Mercy Housing, Inc. will comply with all applicable federal and state labor laws and regulations. The process will be administered according to the relevant human resource operational policies and by the human resource department with direction from the senior leadership team. The CEO will make a report to the board of trustees on implementation of the wage and benefit program annually. Periodically the human resources committee within the Mercy Housing, Inc. board of trustees will review executive salaries to ensure competitiveness with external markets and for internal equity in relation to general employee wages and benefits, individual and organizational performance, and the financial resources of the organization.

PART VI SECTION C #19

the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

PART VI SECTION B #11

Each member is given the opportunity to review the return before it is filed.

PART VI SECTION B #12C

The audit committee of Mercy Housing, Inc. reviews periodically the conflict of interest disclosures and determines whether any action is required.

PART VI SECTION A #7A & #7B

The Board of Trustees of Mercy Housing, Inc. has authority over Marshside Village, Inc. in various aspects of operations and management. The reserved rights held by the Mercy Housing Board of Trustees, which may be further delegated to the President and CEO of Mercy Housing, Inc., include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions; establishment of new entities; pledging, mortgaging or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and appointment or removal of governing board members and officers.

Filing and Contact Details

Filer

Filer Name
Marshside Village Inc
EIN
20-1910771
In Care Of
% STEVE SPEARS
Phone
3038303300
Address
1999 BROADWAY SUITE 1000, DENVER, CO 80202

Signing Officer

Name
vince Dodds
Title
Treasurer
Phone
7043329100
Signed
2015-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francena Marie Lowe
Formed
2005
Legal Domicile
Sc
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Cohnreznick Llp
Address
525 N TRYON STREET SUITE 1000, CHARLOTTE, NC 28202
Preparer
Kathy Blackburn
Phone
7043329100
Supplemental Narrative

Additional Explanations

PART XII #2C

Responsibility for selection of an independent accountant and oversight of the annual audit is reserved by the Mercy Housing, Inc. Board of Trustees.

Financial Statement Notes

Fin 48 (asc 740)

part x, question 2 The Corporation has elected tax exempt status under Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended December 31, 2014. Due to its tax exempt status, the Corporation is not subject to income taxes. The Corporation is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the corporation are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2011 remain open.

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IRS990/MissionDesc0TO OWN AND OPERATE A 48-UNIT APARTMENT PROJECT IN NORTH CHARLESTON, SOUTH CAROLINA, PROVIDING HOUSING FOR LOW-INCOME PERSONS.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt02936116
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IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015409
IRS990/OfficeExpensesGrp/TotalAmt015409
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0180680
IRS990/OtherAssetsTotalGrp/EOYAmt0166561
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0OPERATING AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3TAXES & LICENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021573
IRS990/OtherExpensesGrp/ProgramServicesAmt0115968
IRS990/OtherExpensesGrp/ProgramServicesAmt133364
IRS990/OtherExpensesGrp/ProgramServicesAmt26836
IRS990/OtherExpensesGrp/TotalAmt0115968
IRS990/OtherExpensesGrp/TotalAmt133364
IRS990/OtherExpensesGrp/TotalAmt221573
IRS990/OtherExpensesGrp/TotalAmt36836
IRS990/OtherLiabilitiesGrp/BOYAmt010758
IRS990/OtherLiabilitiesGrp/EOYAmt011271
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt035127
IRS990/OtherSalariesAndWagesGrp/TotalAmt035127
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07424
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06190
IRS990/PrincipalOfficerNm0FRANCENA MARIE LOWE
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IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT & SUBSIDIES
IRS990/ProgramServiceRevenueGrp/Desc1ANCILLARY SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0277024
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120427
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0277024
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120427
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0151
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IRS990/PYRevenuesLessExpensesAmt0-165001
IRS990/PYSalariesCompEmpBnftPaidAmt036466
IRS990/PYTotalExpensesAmt0400569
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-131660
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0297451
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt054
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0151
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0167
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0216
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0405
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0993
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0297451
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0235417
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0189352
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0185851
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0187169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01095240
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0151
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0216
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0405
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0993
IRS990ScheduleA/InvestmentIncomeCYPct00.00091
IRS990ScheduleA/InvestmentIncomePYPct00.00150
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99909
IRS990ScheduleA/PublicSupportPY509Pct00.99850
IRS990ScheduleA/PublicSupportTotal509Amt01095240
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0297451
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0235417
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0189352
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0185851
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0187169
IRS990ScheduleA/Total509Grp/TotalAmt01095240
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0297505
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0235568
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0189519
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0186067
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0187574
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01096233
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02585429
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0953609
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03539038
IRS990ScheduleD/EquipmentGrp/BookValueAmt02308
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029975
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt032283
IRS990ScheduleD/ExpensesSubtotalAmt0429165
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0241500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0241500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt011284
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1151010
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt24267
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED PROPERTY RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER ASSETS
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt076036
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt076036
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011271
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0297505
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0part x, question 2 The Corporation has elected tax exempt status under Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended December 31, 2014. Due to its tax exempt status, the Corporation is not subject to income taxes. The Corporation is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the corporation are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2011 remain open.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FIN 48 (ASC 740)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02829237
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0166561
IRS990ScheduleD/TotalExpensesPerForm990Amt0429165
IRS990ScheduleD/TotalLiabilityAmt011271
IRS990ScheduleD/TotalRevenuePerForm990Amt0297505
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0297505
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0429165
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.02$1.82$0.49$0.56$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.92$0.02$1.90$0.47$0.54$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.01$0.04$1.97$0.45$0.57$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.11$0.02$2.09$0.45$0.53$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.24$0.07$2.18$0.44$0.56$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.37$0.06$2.30$0.42$0.51$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.47$0.08$2.39$0.39$0.54$0.16
2017Detailed filing. Detailed filing data is available for this year.$2.63$0.08$2.55$0.36$0.48$0.13
2016Detailed filing. Detailed filing data is available for this year.$2.74$0.07$2.67$0.31$0.44$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.87$0.07$2.80$0.30$0.43$0.13
2014Detailed filing. Detailed filing data is available for this year.$3.01$0.07$2.94$0.30$0.43$0.13
2013Detailed filing. Detailed filing data is available for this year.$3.16$0.09$3.07$0.24$0.40$0.17
2012Summary only. Only limited summary data is available for this year.$3.31$0.08$3.23$0.19$0.40$0.21
2011Summary only. Only limited summary data is available for this year.$3.48$0.04$3.44$0.19$0.32$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.60$0.03$3.57$0.33