Civic Intelligence

Marshside Village Inc.

990 • Fiscal year 2020 • EIN 20-1910771

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 03, 2021

Organization ProfileWWW.MERCYHOUSING.ORG
1600 Broadway Suite 2000Denver, CO 80202-5704

(303) 830-3300

Siviq Scores

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

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

0.15x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

12th percentile

-29%

Higher net margin than 12% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

96th percentile

$379,842

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 87.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

14th percentile

-5.3%

Faster asset growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

3.7%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$2,241,577

Down $125,607 (-5.3%) from 2019

Net Assets

Down

$2,176,513

Down $126,053 (-5.5%) from 2019

Liabilities

Up

$65,064

Up $446 (+0.7%) from 2019

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin12th percentile

Revenue

Up

$435,560

Up $15,678 (+3.7%) from 2019

Expenses

Up

$561,613

Up $52,948 (+10%) from 2019

Net Income

Down

-$126,053

Down $37,270 (-42%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

2020

Assets$2,241,577
Liabilities$65,064
Net Assets$2,176,513
Open 2020 Filing

Operations Trend

Revenue Growth56th percentile

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

2020

Revenue$435,560
Expenses$561,613
Net Income-$126,053
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 3, 2021
Return Version
2020v4.1
Gross Receipts
$435,560
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,223,315$2,090,186▼ $133,129
Prepaid Expenses and Deferred Charges$5,530$7,480▲ $1,950
Cash and Non-Interest-Bearing Accounts$14,940$7,150▼ $7,790
Accounts Receivable$542$2,224▲ $1,682
Total Assets$2,367,184$2,241,577▼ $125,607
Other Assets Total$122,857$134,537▲ $11,680
Liabilities
Accounts Payable and Accrued Expenses$52,947$53,323▲ $376
Other Liabilities$11,597$11,641▲ $44
Deferred Revenue$74$100▲ $26
Total Liabilities$64,618$65,064▲ $446
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,302,566$2,176,513▼ $126,053
Total Net Assets Fund Balance$2,302,566$2,176,513▼ $126,053
Total Liabilities and Net Assets / Fund Balance$2,367,184$2,241,577▼ $125,607

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,821,377$1,727,985$3,549,362
Land$241,500-$241,500
Other Land Buildings$27,309$111,601$138,910
Equipment$0$8,823$8,823
Other Assets Org$11,255--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleOtherTotal
Anyeka WallaceDirector$140,588$140,588
Katie CrippenDirector$140,418$140,418
Ronit HofferDirector$110,507$110,507
Selena FreemanDirector$94,434$94,434
Jonathan CoeDirector$72,048$72,048

Board Members and Trustees

NameTitle
James AlexanderPresident/director
Bruce SaabVice President
Melissa ClaytonVice President
Shawn SmitleyDirector
Joe RosenblumSecretary
Steve SpearsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$312,706
Program Service Revenue
$122,757
Investment Income
$97
Other Revenue
$0
Change in Net Assets
$-126,053

Audited Revenue Reconciliation

Revenue per Audited Statements
$435,560
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$435,560
Total Revenue per Form 990
$435,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$444,504
Salaries, Compensation, and Employee Benefits$117,109
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$134,903--$134,903
Other Salaries and Wages$100,406--$100,406
Occupancy$51,232--$51,232
Fees for Services Management$35,946--$35,946
Office Expenses$28,712--$28,712
Fees for Services Accounting-$15,625-$15,625
Other Employee Benefits$11,306--$11,306
Payroll Taxes$5,397--$5,397
Conferences and Meetings$2,497--$2,497
Other Expenses$1,425--$1,425
All Other Expenses$1,327--$1,327
Travel$459--$459
Total Functional Expenses$545,988$15,625$0$561,613

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$561,613
Total Expenses per Audited Statements$561,613
Total Expenses per Form 990$561,613
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
Tenant Deposits Held in Trust$11,641
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“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.”

Form 990, Part VI, Section A, Line 7B

“SAME AS LINE 7A”

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

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

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

“The audit committee of mercy housing, inc. Reviews periodically the conflict of interest disclosures and determines whether any action is required.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Marshside Village Inc
EIN
20-1910771
Phone
3038303300
Address
1600 BROADWAY SUITE 2000, DENVER, CO 80202-5704

Signing Officer

Name
Steve Spears
Title
Treasurer
Phone
3038303300
Signed
2021-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Alexander
Formed
2005
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
400 CAPITOL MALL SUITE 1200, SACRAMENTO, CA 95814
Preparer
Lisa M Cummings CPA
Phone
9164429100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Responsibility for selection of an independent accountant and oversight of the annual audit is reserved by the board of trustees.”

Financial Statement Notes

PART X, LINE 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, 2020. 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 2017 remain open.”

Raw XML AppendixShowing 400 of 6,174 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0122857
IRS990/OtherAssetsTotalGrp/EOYAmt0134537
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011306
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011306
IRS990/OtherExpensesGrp/Desc0OPERATING & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1TAXES/LICENSES/PERMITS
IRS990/OtherExpensesGrp/Desc2OTHER RENTING EXPENSE
IRS990/OtherExpensesGrp/Desc3BAD DEBTS
IRS990/OtherExpensesGrp/ProgramServicesAmt0165831
IRS990/OtherExpensesGrp/ProgramServicesAmt14914
IRS990/OtherExpensesGrp/ProgramServicesAmt21633
IRS990/OtherExpensesGrp/ProgramServicesAmt31425
IRS990/OtherExpensesGrp/TotalAmt0165831
IRS990/OtherExpensesGrp/TotalAmt14914
IRS990/OtherExpensesGrp/TotalAmt21633
IRS990/OtherExpensesGrp/TotalAmt31425
IRS990/OtherLiabilitiesGrp/BOYAmt011597
IRS990/OtherLiabilitiesGrp/EOYAmt011641
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0100406
IRS990/OtherSalariesAndWagesGrp/TotalAmt0100406
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt05397
IRS990/PayrollTaxesGrp/TotalAmt05397
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05530
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07480
IRS990/PrincipalOfficerNm0JAMES ALEXANDER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0NET RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2ANCILLARY SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0111731
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19568
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21458
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0111731
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19568
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21458
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0124
IRS990/PYOtherExpensesAmt0505244
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0419758
IRS990/PYRevenuesLessExpensesAmt0-88783
IRS990/PYSalariesCompEmpBnftPaidAmt03421
IRS990/PYTotalExpensesAmt0508665
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0419882
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-126053
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0122757
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0312706
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0312706
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt097
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt065
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0375
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0122757
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0419758
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0387704
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0356191
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0309512
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01595922
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt097
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0375
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt01908628
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0435463
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0419758
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0387704
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0356191
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0309512
IRS990ScheduleA/Total509Grp/TotalAmt01908628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0435560
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0419882
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0387769
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0356235
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0309557
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01909003
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01821377
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01727985
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03549362
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08823
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08823
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0561613
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0241500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0241500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0122613
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1573
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt296
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt311255
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt027309
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0111601
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0138910
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011641
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0435560
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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, 2020. 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 2017 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02090186
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0134537
IRS990ScheduleD/TotalExpensesPerForm990Amt0561613
IRS990ScheduleD/TotalLiabilityAmt011641
IRS990ScheduleD/TotalRevenuePerForm990Amt0435560
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0435560
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0561613
IRS990ScheduleJ/AnyNonFixedPaymentsInd01
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt012112
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt11408
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt21431
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt41390
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt51521
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0332682
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1219301
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2222221

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Filings

Displayed year

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

Open filing
Assets
$2,241,577
Liabilities
$65,064
Net assets
$2,176,513
Revenue
$435,560
Expenses
$561,613
Net income
-$126,053
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