Cheval Court Inc

990 • Fiscal year 2018 • EIN 20-2024019

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 12, 2018

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 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

1.85x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

-43%

Higher net margin than 7% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

$235,976

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 88.6% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

-3.7%

Faster asset growth than 29% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

8.7%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet

Liabilities / Assets60th percentile

Assets

Down

$2,974,956

Down $113,947 (-3.7%) from 2017

Net Assets

Down

$2,481,193

Down $115,847 (-4.5%) from 2017

Liabilities

$493,763

Up $1,900 (+0.4%) from 2017

Revenue And Expenses

Liabilities / Revenue90th percentile Net Margin7th percentile

Revenue

$266,321

Up $21,346 (+8.7%) from 2017

Expenses

$382,168

Up $23,090 (+6.4%) from 2017

Net Income

Down

-$115,847

Down $1,744 (-1.5%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

Highlighted filing

2018

Assets$2,974,956

Liabilities$493,763

Net Assets$2,481,193

Open 2018 Filing

Operations Trend

Revenue Growth61st percentile

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

Highlighted filing

2018

Revenue$266,321

Expenses$382,168

Net Income-$115,847

Open 2018 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2017 to Jun 30, 2018
Signed: Oct 12, 2018
Return Version: 2017v2.2
Gross Receipts: $266,321

Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$2,910,908	$2,770,933	▼ $139,975
Cash and Non-Interest-Bearing Accounts	$31,978	$38,659	▲ $6,681
Prepaid Expenses and Deferred Charges	$8,061	$7,107	▼ $954
Accounts Receivable	$15	$0	▼ $15
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	$3,088,903	$2,974,956	▼ $113,947
Other Assets Total	$137,941	$158,257	▲ $20,316
Liabilities
Mortgage Notes Payable Secured by Investment Property	$425,342	$408,375	▼ $16,967
Other Liabilities	$58,252	$57,221	▼ $1,031
Accounts Payable and Accrued Expenses	$7,734	$27,472	▲ $19,738
Deferred Revenue	$535	$695	▲ $160
Total Liabilities	$491,863	$493,763	▲ $1,900
Net Assets / Fund Balance
Unrestricted Net Assets	$2,597,040	$2,481,193	▼ $115,847
Total Net Assets Fund Balance	$2,597,040	$2,481,193	▼ $115,847
Total Liabilities and Net Assets / Fund Balance	$3,088,903	$2,974,956	▼ $113,947

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$2,495,749	$928,404	$3,424,153
Leasehold Improvements	$239,846	$621,778	$861,624
Other Land Buildings	$35,338	$256,327	$291,665
Equipment	-	$63,301	$63,301
Other Assets Org	$14,123	-	-

Compensation and Service Providers

Top Officer Pay92nd percentile

Board Members and Trustees

Name	Title
Paul E Johnson Jr	Chairman
Leila a Finucane	President & CEO
John D Spencer	Vice President
Eric Simontis	Director
KATHLEEN McWILLIAMS	Director
Most Rev Charles Antonicelli	Director
Rev Msgr Ralph Kuehner	Director
Jeffrey Blackwell	Asst Secretary

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $266,277
Investment Income: $44
Other Revenue: $0
Change in Net Assets: $-115,847

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$343,166
Salaries, Compensation, and Employee Benefits	$39,002
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	$148,251	-	-	$148,251
Other Salaries and Wages	$27,963	-	-	$27,963
All Other Expenses	$23,150	$1,092	-	$24,242
Fees for Services Management	-	$17,106	-	$17,106
Other Expenses	$17,004	-	-	$17,004
Fees for Services Accounting	-	$9,800	-	$9,800
Other Employee Benefits	$8,271	-	-	$8,271
Office Expenses	$3,382	-	-	$3,382
Payroll Taxes	$2,768	-	-	$2,768
Advertising	$439	-	-	$439
Travel	$61	-	-	$61
Total Functional Expenses	$354,170	$27,998	$0	$382,168

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
Victory Terrace Lp	Rockville, MD	Real Estate	$59,805	$6,192,446	0.01%	Yes
Victory Forest Lp	Rockville, MD	Real Estate	$72,084	$1,120	0.01%	Yes
Victory Woods LLC	Rockville, MD	Real Estate	$34,338	$934	0.01%	Yes
Victory La Plata Lp	Rockville, MD	Real Estate	$21,804	$850	0.01%	Yes
Victory Crossing Lp	Rockville, MD	Real Estate	-	$3,218	0.01%	Yes
Parkside Senior Lp	Rockville, MD	Real Estate	$-115	$1,498	0.01%	Yes
Hampshire Village Assoc Lp	Rockville, MD	Real Estate	$-32	$1,433	0.00%	Yes
Takoma Tower Lp	Rockville, MD	Real Estate	$12	$1,011	0.01%	Yes
Covenant Village Gp	Germantown, MD	Real Estate	$-32	$998	25%	Yes
Covenant Village Lp	Germantown, MD	Real Estate	$-32	$998	0.01%	Yes
St Martins Apartments Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Haven Lp	Rockville, MD	Real Estate	-	-	-	No

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Parkfair Associates LLC	Rockville, MD	Real Estate	$-33,983	$2,698,031	Victory Entr
Victory Enterprises Inc	Rockville, MD	Real Estate	$-33,983	$2,698,031	Victory Hsg
Victory-hampshire LLC	Rockville, MD	Real Estate	$-115	$3,218	Victory Hsg
Ccs - St Martins Apartments LLC	Rockville, MD	Real Estate	-	-	Victory Hsg
Victory Haven LLC	Rockville, MD	Real Estate	-	-	Victory Hsg

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Deferred Ground Lease Payable	$37,648
Resident Security Deposits	$11,678
Misc. Current Liabilities	$7,895

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: Leila a Finucane
Title: President & CEO
Signed: 2018-10-12

Organization Details

Principal Officer: Leila a Finucane
Formed: 2004
Legal Domicile: Md
Voting Board Members: 7
Independent Board Members: 5
Employees: 0

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IRS990/IRPDocumentCnt	0	0
IRS990/IRPDocumentW2GCnt	0	0
IRS990/LandBldgEquipAccumDeprecAmt	0	1869810
IRS990/LandBldgEquipBasisNetGrp/BOYAmt	0	2910908
IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	2770933
IRS990/LandBldgEquipCostOrOtherBssAmt	0	4640743
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	425342
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	408375
IRS990/NetAssetsOrFundBalancesBOYAmt	0	2597040
IRS990/NetAssetsOrFundBalancesEOYAmt	0	2481193
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	3382
IRS990/OfficeExpensesGrp/TotalAmt	0	3382
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	137941
IRS990/OtherAssetsTotalGrp/EOYAmt	0	158257
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	8271
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	8271
IRS990/OtherExpensesGrp/Desc	0	REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc	1	UTILITIES
IRS990/OtherExpensesGrp/Desc	2	GROUND LEASE
IRS990/OtherExpensesGrp/Desc	3	HAZARD INSURANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	82315
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	23136
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	17430
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	17004
IRS990/OtherExpensesGrp/TotalAmt	0	82315
IRS990/OtherExpensesGrp/TotalAmt	1	23136
IRS990/OtherExpensesGrp/TotalAmt	2	17430
IRS990/OtherExpensesGrp/TotalAmt	3	17004
IRS990/OtherLiabilitiesGrp/BOYAmt	0	58252
IRS990/OtherLiabilitiesGrp/EOYAmt	0	57221
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	27963
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	27963
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	2768
IRS990/PayrollTaxesGrp/TotalAmt	0	2768
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	8061
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	7107
IRS990/PrincipalOfficerNm	0	LEILA A FINUCANE
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	91129
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	172758
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	2390
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	91129
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	172758
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	2390
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYInvestmentIncomeAmt	0	40
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	323003
IRS990/PYProgramServiceRevenueAmt	0	244935
IRS990/PYRevenuesLessExpensesAmt	0	-114103
IRS990/PYSalariesCompEmpBnftPaidAmt	0	36075
IRS990/PYTotalExpensesAmt	0	359078
IRS990/PYTotalRevenueAmt	0	244975
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-115847
IRS990/RegularMonitoringEnfrcInd	0	true
IRS990/RelatedEntityInd	0	true
IRS990/RelatedOrganizationCtrlEntInd	0	false
IRS990/ReportInvestmentsOtherSecInd	0	false
IRS990/ReportLandBuildingEquipmentInd	0	true
IRS990/ReportOtherAssetsInd	0	true
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	44
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	40
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	47
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	42
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	49
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	222
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	263887
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	242016
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	237374
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	222216
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	223704
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	1189197
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	44
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	40
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	47
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	42
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	49
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	222
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00020
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	2390
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	2919
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	12310
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	2184
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	2984
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	22787
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.98100
IRS990ScheduleA/PublicSupportPY509Pct	0	0.97970
IRS990ScheduleA/PublicSupportTotal509Amt	0	1189197
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	263887
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	242016
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	237374
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	222216
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	223704
IRS990ScheduleA/Total509Grp/TotalAmt	0	1189197
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	266321
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	244975
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	249731
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	224442
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	226737
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	1212206
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	2495749
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	928404
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	3424153
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	63301
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	63301
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	239846
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	621778
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	861624
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	0	13687
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	1	117768
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	2	12679
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	3	14123
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	0	ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	1	RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	2	RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	3	RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	35338
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	256327
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	291665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	37648
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	7895
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	11678
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	2770933
IRS990ScheduleD/TotalBookValueOtherAssetsAmt	0	158257
IRS990ScheduleD/TotalLiabilityAmt	0	57221
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	173579
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	1	221900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	2	235976
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	0	JEFFREY BLACKWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	1	JOHN D SPENCER

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $2,974,956
Liabilities: $493,763
Net assets: $2,481,193
Revenue: $266,321
Expenses: $382,168
Net income: -$115,847

	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
2018Detailed filing. Detailed filing data is available for this year.	$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