Cheval Court Inc

990 • Fiscal year 2015 • EIN 20-2024019

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 16, 2015

Organization Profile N/A

11400 Rockville Pike /Rockville, MD 20852

(301) 493-6000

Siviq Scores

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

0.17x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

2.50x

Higher debt load relative to revenue than 91% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

-71%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

$342,300

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 152.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

-3.5%

Faster asset growth than 28% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

-1.0%

Faster revenue growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet

Liabilities / Assets58th percentile

Assets

Down

$3,388,757

Down $123,881 (-3.5%) from 2014

Net Assets

Down

$2,827,566

Down $158,922 (-5.3%) from 2014

Liabilities

$561,191

Up $35,041 (+6.7%) from 2014

Revenue And Expenses

Liabilities / Revenue91st percentile Net Margin4th percentile

Revenue

Down

$224,442

Down $2,295 (-1.0%) from 2014

Expenses

$383,364

Up $55,404 (+17%) from 2014

Net Income

Down

-$158,922

Down $57,699 (-57%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

Highlighted filing

2015

Assets$3,388,757

Liabilities$561,191

Net Assets$2,827,566

Open 2015 Filing

Operations Trend

Revenue Growth37th percentile

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

Highlighted filing

2015

Revenue$224,442

Expenses$383,364

Net Income-$158,922

Open 2015 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2014 to Jun 30, 2015
Signed: Nov 16, 2015
Return Version: 2014v5.0
Gross Receipts: $224,442

Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$3,328,443	$3,184,207	▼ $144,236
Cash and Non-Interest-Bearing Accounts	$65,980	$35,285	▼ $30,695
Prepaid Expenses and Deferred Charges	$4,500	$5,340	▲ $840
Accounts Receivable	-	$916	-
Savings and Temporary Cash Investments	-	$0	-
Other Notes and Loans Receivable, Net	-	$0	-
Pledges and Grants Receivable	-	$0	-
Receivable From Disqualified Prsn	-	$0	-
Receivables From Officers Etc	-	$0	-
Investments Other Securities	-	$0	-
Investments Program Related	-	$0	-
Investments in Publicly Traded Securities	-	$0	-
Intangible Assets	-	$0	-
Inventories for Sale or Use	-	$0	-
Total Assets	$3,512,638	$3,388,757	▼ $123,881
Other Assets Total	$113,715	$163,009	▲ $49,294
Liabilities
Mortgage Notes Payable Secured by Investment Property	$462,375	$448,875	▼ $13,500
Other Liabilities	$56,974	$107,145	▲ $50,171
Accounts Payable and Accrued Expenses	$5,740	$4,815	▼ $925
Deferred Revenue	$1,061	$356	▼ $705
Total Liabilities	$526,150	$561,191	▲ $35,041
Net Assets / Fund Balance
Unrestricted Net Assets	$2,986,488	$2,827,566	▼ $158,922
Total Net Assets Fund Balance	$2,986,488	$2,827,566	▼ $158,922
Total Liabilities and Net Assets / Fund Balance	$3,512,638	$3,388,757	▼ $123,881

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$2,770,529	$675,967	$3,446,496
Leasehold Improvements	$412,170	$449,454	$861,624
Other Land Buildings	$1,508	$247,313	$248,821
Equipment	-	$63,301	$63,301

Compensation and Service Providers

Top Officer Pay95th percentile

Board Members and Trustees

Name	Title
Paul E Johnson Jr	Chairman
James a Brown Jr	President
John D Spencer	Vice President
KATHLEEN McWILLIAMS	Director
Most Rev Barry Knestout	Director
Rev Msgr Ralph Kuehner	Director
Thomas F Duffy	Director
Jeffrey Blackwell	Asst Secretary

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $224,400
Investment Income: $42
Other Revenue: $0
Change in Net Assets: $-158,922

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$351,937
Salaries, Compensation, and Employee Benefits	$31,427
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Depreciation Depletion	$144,237	-	-	$144,237
All Other Expenses	$26,716	$1,092	-	$27,808
Other Salaries and Wages	$22,579	-	-	$22,579
Other Expenses	$17,430	-	-	$17,430
Fees for Services Management	-	$14,302	-	$14,302
Fees for Services Accounting	-	$9,300	-	$9,300
Other Employee Benefits	$6,539	-	-	$6,539
Payroll Taxes	$2,309	-	-	$2,309
Office Expenses	$2,286	-	-	$2,286
Fees for Services Other	$1,881	-	-	$1,881
Advertising	$543	-	-	$543
Travel	$243	-	-	$243
Fees for Services Legal	$13	-	-	$13
Total Functional Expenses	$358,670	$24,694	$0	$383,364

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
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 Item	Beginning	End	Change
Receivables from Disqualified Persons	-	$0	-
Receivables from Officers, Directors, Trustees, and Key Employees	-	$0	-

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
Andrew Kim House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Avondale Park Apartments Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Bartholomew House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Byron House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Cambridge Apartments Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Ccs Housing Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Cheval Court Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Grace House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Malta House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Manor Apartments Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Marian Assisted Living Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Palmer Park Seniors Housing Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Raphael Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Rollingcrest Commons Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Takoma Tower Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Trinity Terrace Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Brookside Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Court Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Crest Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Heights Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Housing Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Lakeside Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Oaksinc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Terrace Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Winslow House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
Covenant Village Gp	Germantown, MD	Real Estate	-	-	25%	Yes
Covenant Village Lp	Germantown, MD	Real Estate	-	-	0.01%	Yes
Hampshire Village Assoc Lp	Rockville, MD	Real Estate	-	-	0.00%	Yes
Parkside Seniorlp	Rockville, MD	Real Estate	-	-	0.01%	Yes
St Martins Apartments Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Takoma Tower Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Crossing Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Forest Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory La Plata Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Terrace Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Woods LLC	Rockville, MD	Real Estate	-	-	0.01%	Yes

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Ccs - St Martins Apartments LLC	Rockville, MD	Real Estate	-	-	Victory Hsg
Parkfair Associates LLC	Rockville, MD	Real Estate	-	-	Victory Entr
Victory Enterprises Inc	Rockville, MD	Real Estate	-	-	Victory Hsg
Victory-hampshire LLC	Rockville, MD	Real Estate	-	-	Victory Hsg

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Misc. Current Liabilities	$56,943
Deferred Ground Lease Payable	$38,535
Resident Security Deposits	$11,667

Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Draft of form 990 sent to board of directors for review and approval prior to filing”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Not applicable -- no employees”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name: Cheval Court Inc
EIN: 20-2024019
Phone: 3014936000
Address: 11400 ROCKVILLE PIKE /, ROCKVILLE, MD 20852

Signing Officer

Name: James A Brown Jr
Title: President
Signed: 2015-11-16

Organization Details

Formed: 2004
Legal Domicile: Md
Voting Board Members: 7
Independent Board Members: 5
Employees: 0

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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/LandBldgEquipBasisNetGrp/EOYAmt	0	3184207
IRS990/LandBldgEquipCostOrOtherBssAmt	0	4620242
IRS990/LegalDomicileStateCd	0	MD
IRS990/LicensedMoreThanOneStateInd	0	false
IRS990/LoanOutstandingInd	0	false
IRS990/LobbyingActivitiesInd	0	false
IRS990/LocalChaptersInd	0	false
IRS990/MaterialDiversionOrMisuseInd	0	false
IRS990/MembersOrStockholdersInd	0	false
IRS990/MethodOfAccountingAccrualInd	0	X
IRS990/MinutesOfCommitteesInd	0	false
IRS990/MinutesOfGoverningBodyInd	0	true
IRS990/MissionDesc	0	AFFORDABLE HOUSING AND SERVICES
IRS990/MoreThan5000KToIndividualsInd	0	false
IRS990/MoreThan5000KToOrgInd	0	false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt	0	462375
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	448875
IRS990/NetAssetsOrFundBalancesBOYAmt	0	2986488
IRS990/NetAssetsOrFundBalancesEOYAmt	0	2827566
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt	0	0
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt	0	0
IRS990/NondeductibleContributionsInd	0	false
IRS990/OccupancyGrp/TotalAmt	0	0
IRS990/OfficeExpensesGrp/ProgramServicesAmt	0	2286
IRS990/OfficeExpensesGrp/TotalAmt	0	2286
IRS990/OfficerMailingAddressInd	0	false
IRS990/OnBehalfOfIssuerInd	0	false
IRS990/OperateHospitalInd	0	false
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsSFAS117Ind	0	X
IRS990/OrgFiledInLieuOfForm1041Ind	0	false
IRS990/OtherAssetsTotalGrp/BOYAmt	0	113715
IRS990/OtherAssetsTotalGrp/EOYAmt	0	163009
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	6539
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	6539
IRS990/OtherExpensesGrp/Desc	0	REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc	1	MISC. FINANCIAL
IRS990/OtherExpensesGrp/Desc	2	UTILITIES
IRS990/OtherExpensesGrp/Desc	3	GROUND LEASE
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	59131
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	56648
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	18115
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	17430
IRS990/OtherExpensesGrp/TotalAmt	0	59131
IRS990/OtherExpensesGrp/TotalAmt	1	56648
IRS990/OtherExpensesGrp/TotalAmt	2	18115
IRS990/OtherExpensesGrp/TotalAmt	3	17430
IRS990/OtherLiabilitiesGrp/BOYAmt	0	56974
IRS990/OtherLiabilitiesGrp/EOYAmt	0	107145
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	22579
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	22579
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	2309
IRS990/PayrollTaxesGrp/TotalAmt	0	2309
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	4500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	5340
IRS990/ProfessionalFundraisingInd	0	false
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	1	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	2	531110
IRS990/ProgramServiceRevenueGrp/Desc	0	AFFORDABLE HOUSING
IRS990/ProgramServiceRevenueGrp/Desc	1	Fees & Contracts Gov Agencies
IRS990/ProgramServiceRevenueGrp/Desc	2	MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	91952
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	130264
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	2184
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	91952
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	130264
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	2184
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYInvestmentIncomeAmt	0	49
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	297199
IRS990/PYProgramServiceRevenueAmt	0	226688
IRS990/PYRevenuesLessExpensesAmt	0	-101223
IRS990/PYSalariesCompEmpBnftPaidAmt	0	30761
IRS990/PYTotalExpensesAmt	0	327960
IRS990/PYTotalRevenueAmt	0	226737
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-158922
IRS990/RegularMonitoringEnfrcInd	0	true
IRS990/RelatedEntityInd	0	true
IRS990/RelatedOrganizationCtrlEntInd	0	false
IRS990/ReportInvestmentsOtherSecInd	0	false
IRS990/ReportLandBuildingEquipmentInd	0	true
IRS990/ReportOtherAssetsInd	0	false
IRS990/ReportOtherLiabilitiesInd	0	true
IRS990/ReportProgramRelatedInvstInd	0	false
IRS990/RoyaltiesGrp/TotalAmt	0	0
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt	0	0
IRS990/SavingsAndTempCashInvstGrp/EOYAmt	0	0
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	0
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	42
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	49
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	77
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	72
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	58
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	298
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	222216
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	223704
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	220555
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	221580
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	223704
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	1111759
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	42
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	49
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	77
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	72
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	58
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	298
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00030
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	2184
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	2984
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	3088
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	2416
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	2329
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	13001
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.98820
IRS990ScheduleA/PublicSupportPY509Pct	0	0.98450
IRS990ScheduleA/PublicSupportTotal509Amt	0	1111759
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	222216
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	223704
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	220555
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	221580
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	223704
IRS990ScheduleA/Total509Grp/TotalAmt	0	1111759
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	224442
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	226737
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	223720
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	224068
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	226091
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	1125058
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	2770529
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	675967
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	3446496
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	63301
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	63301
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	412170
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	449454
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	861624
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	1508
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	247313
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	248821
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	38535
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	56943
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	11667
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	DEFERRED GROUND LEASE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	MISC. CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	2	RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	3184207
IRS990ScheduleD/TotalLiabilityAmt	0	107145
IRS990ScheduleJ/AnyNonFixedPaymentsInd	0	false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd	0	false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd	0	false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd	0	false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd	0	false
IRS990ScheduleJ/EquityBasedCompArrngmInd	0	false
IRS990ScheduleJ/InitialContractExceptionInd	0	false
IRS990ScheduleJ/RebuttablePresumptionProcInd	0	false
IRS990/ScheduleJRequiredInd	0	true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	0	342300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	1	151804
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	2	185736
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	0	JAMES A BROWN JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	1	JEFFREY BLACKWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	2	JOHN D SPENCER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	0	President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	1	ASST SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	2	Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	0	342300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	1	151804
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	2	185736
IRS990ScheduleJ/SeverancePaymentInd	0	false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd	0	false

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $3,388,757
Liabilities: $561,191
Net assets: $2,827,566
Revenue: $224,442
Expenses: $383,364
Net income: -$158,922

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.85	$0.89	$1.96	$0.40	$0.46	$0.06
2023Summary only. Only limited summary data is available for this year.	$2.87	$0.86	$2.02	$0.36	$0.45	$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.52	$0.42	$2.10	$0.35	$0.44	$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.63	$0.44	$2.19	$0.33	$0.42	$0.08
2020Summary only. Only limited summary data is available for this year.	$2.72	$0.44	$2.28	$0.31	$0.41	$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.84	$0.46	$2.38	$0.28	$0.38	$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.97	$0.49	$2.48	$0.27	$0.38	$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.09	$0.49	$2.60	$0.24	$0.36	$0.11
2016Detailed filing. Detailed filing data is available for this year.	$3.24	$0.53	$2.71	$0.25	$0.37	$0.12
2015Detailed filing. Detailed filing data is available for this year.	$3.39	$0.56	$2.83	$0.22	$0.38	$0.16
2014Detailed filing. Detailed filing data is available for this year.	$3.51	$0.53	$2.99	$0.23	$0.33	$0.10
2013Summary only. Only limited summary data is available for this year.	$3.65	$0.56	$3.09	$0.22	$0.35	$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$3.79	$0.57	$3.21		$0.40
2011Summary only. Only limited summary data is available for this year.	$3.97	$0.58	$3.39	$0.23	$0.41	$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$4.18	$0.61	$3.57		$0.39