Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.56x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
72nd percentile
Faster asset growth than 72% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Up$17,159,882
Up $1,378,511 (+8.7%) from 2011
Net Assets
Up$7,490,939
Up $325,747 (+4.5%) from 2011
Liabilities
Up$9,668,943
Up $1,052,764 (+12%) from 2011
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$5,424,235
Up $3,196,818 (+144%) from 2011
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2012 to Dec 31, 2012
- Signed
- Nov 13, 2013
- Return Version
- 2012v2.1
- Gross Receipts
- $6,006,355
Mission and Program Overview
Mission
The corporation was formed on october 24, 2005 under section 501(c)(3) of the internal revenue code. The purpose of the corporation is to create and preserve affordable housing through the investment, construction or acquisition and rehabilitation of multifamily residential real estate for very low, low, and moderate income tenants. In addition, the corporation invested in two affordable housing communities whose property also qualified for historic rehabilitation tax credits in accordance with section 47 of the irc.
Filing and Contact Details
Filer
- EIN
- 20-3708317
Raw XML AppendixShowing 400 of 738 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/AccountsReceivable/EOY | 0 | 57224 |
| IRS990/ActivitiesConductedPartnership | 0 | 0 |
| IRS990/ActivityOrMissionDescription | 0 | THE CORPORATION WAS FORMED ON OCTOBER 24, 2005 UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE CORPORATION IS TO CREATE AND PRESERVE AFFORDABLE HOUSING THROUGH THE INVESTMENT, CONSTRUCTION OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW, LOW, AND MODERATE INCOME TENANTS. IN ADDITION, THE CORPORATION INVESTED IN TWO AFFORDABLE HOUSING COMMUNITIES WHOSE PROPERTY ALSO QUALIFIED FOR HISTORIC REHABILITATION TAX CREDITS IN ACCORDANCE WITH SECTION 47 OF THE IRC. |
| IRS990/AddressPrincipalOfficerUS/AddressLine1 | 0 | 5184 IRON GATE |
| IRS990/AddressPrincipalOfficerUS/City | 0 | BLOOMFIELD HILLS |
| IRS990/AddressPrincipalOfficerUS/State | 0 | MI |
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| IRS990/Description | 0 | THE CORPORATION WAS FORMED ON OCTOBER 24, 2005 UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE CORPORATION IS TO CREATE AND PRESERVE AFFORDABLE HOUSING THROUGH THE INVESTMENT, CONSTRUCTION OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW, LOW, AND MODERATE INCOME TENANTS. IN ADDITION, THE CORPORATION INVESTED IN TWO AFFORDABLE HOUSING COMMUNITIES WHOSE PROPERTY ALSO QUALIFIED FOR HISTORIC REHABILITATION TAX CREDITS IN ACCORDANCE WITH SECTION 47 OF THE IRC.AS OF DECEMBER 31, 2012, THE CORPORATION HAS A 100% OWNERSHIP INTEREST IN EIGHT LIMITED LIABILITY COMPANIES THAT OWN AND OPERATE AFFORDABLE HOUSING COMMUNITIES ("PROJECTS").-QNP GATEWAY VILLAGE LLC OWNS A 64 UNIT APARTMENT COMMUNITY LOCATED IN HILLSBOROUGH, NORTH CAROLINA OPERATING AS GATEWAY VILLAGE APARTMENTS.-PHP HERITAGE HOUSE LIMITED PARTNERSHIP OWNS A 80 UNIT APARTMENT COMMUNITY LOCATED IN LEWISBURG, PENNSYLVANIA OPERATING AS HERITAGE HOUSE APARTMENTS.-PHP LEWIS VILLAGE LLC OWNS A 37 UNIT APARTMENT COMMUNITY LOCATED IN ELIZABETHTOWN, NORTH CAROLINA OPERATING AS LEWIS VILLAGE APARTMENTS.-QNP LYNNHAVEN LLC OWNS A 75 UNIT APARTMENT COMMUNITY LOCATED IN DURHAM, NORTH CAROLINA OPERATING AS LYNNHAVEN APARTMENTS.-PHP NORTHWOODS LLC OWNS A 50 UNIT APARTMENT COMPLEX LOCATED IN BURGAW, NORTH CAROLINA OPERATING AS NORTHWOODS APARTMENTS.-PHP ORANGE VILLAGE LIMITED PARTNERSHIP OWNS A 81 UNIT APARTMENT COMMUNITY LOCATED IN HERMITAGE, PENNSYLVANIA OPERATING AS ORANGE VILLAGE APARTMENTS.-PHP PINEWOOD LLC OWNS A 60 UNIT APARTMENT COMPLEX LOCATED IN DUNN, NORTH CAROLINA OPERATING AS PINEWOOD APARTMENTS.-QNP PRINCE COURT LLC OWNS A 30 UNIT APARTMENT COMPLEX LOCATED IN PRINCEVILLE, NORTH CAROLINA OPERATING AS PRINCE COURT APARTMENTS. |
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| IRS990/DocumentRetentionPolicy | 0 | 0 |
| IRS990/DonorAdvisedFunds | 0 | 0 |
| IRS990/ElectionOfBoardMembers | 0 | 1 |
| IRS990/EmploymentTaxReturnsFiled | 0 | 0 |
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| IRS990/FeesForServicesOther/ManagementAndGeneral | 0 | 619 |
| IRS990/FeesForServicesOther/Total | 0 | 619 |
| IRS990/FollowSFAS117 | 0 | X |
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| IRS990/ForeignFinancialAccount | 0 | 0 |
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| IRS990/IndoorTanningServices | 0 | 0 |
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| IRS990/MissionDescription | 0 | THE CORPORATION WAS FORMED ON OCTOBER 24, 2005 UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE CORPORATION IS TO CREATE AND PRESERVE AFFORDABLE HOUSING THROUGH THE INVESTMENT, CONSTRUCTION OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW, LOW, AND MODERATE INCOME TENANTS. IN ADDITION, THE CORPORATION INVESTED IN TWO AFFORDABLE HOUSING COMMUNITIES WHOSE PROPERTY ALSO QUALIFIED FOR HISTORIC REHABILITATION TAX CREDITS IN ACCORDANCE WITH SECTION 47 OF THE IRC. |
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| IRS990/OtherRevenueMisc/Description | 0 | SALE OF CREDITS |
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| IRS990/PayrollTaxes/Total | 0 | 10340 |
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| IRS990/ProgramServiceRevenue/Description | 0 | RENTAL INCOME |
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| IRS990ScheduleA/GeneralExplanation | 0 | SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. ALSO, DURING 2012 THE ORGANIZATION WAS ALLOCATED BROWNFIELD MICHIGAN BUSINESS TAX CREDITS FROM THEIR OWNERSHIP IN BROOKSTONE SERRANO LOFTS LLC AND BROOKSTONE DIVISION PARK AVENUE LLC. THESE CREDITS WERE THEN SOLD TO A THIRD PARTY. |
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| IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus2Years | 0 | 152 |
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| IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus2Years | 0 | 152 |
| IRS990ScheduleA/InvestmentIncomeAndUBTI/Total | 0 | 7093 |
| IRS990ScheduleA/InvestmentIncomePercentage | 0 | 0.00050 |
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| IRS990ScheduleA/PriorYrInvestIncomePercentage | 0 | 0.00060 |
| IRS990ScheduleA/PubliclySupportedOrg509a2 | 0 | X |
| IRS990ScheduleA/PublicSupportPercentage509 | 0 | 0.84660 |
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| IRS990ScheduleA/SupportFromDQPsEtc/Total | 0 | 0 |
| IRS990ScheduleA/ThirtyThreePercntTestsCY509 | 0 | X |
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| IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus2Years | 0 | 7554652 |
| IRS990ScheduleA/TotalSupportTotal/Total | 0 | 15727612 |
| IRS990ScheduleB/ContributorInfo/AggregateContributions | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine2 | 0 | RESTRICTED |
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| IRS990ScheduleD/Buildings/OtherCostOrOtherBasis | 0 | 10905426 |
| IRS990ScheduleD/Equipment/BookValue | 0 | 1783201 |
| IRS990ScheduleD/Equipment/Depreciation | 0 | 392164 |
| IRS990ScheduleD/Equipment/OtherCostOrOtherBasis | 0 | 2175365 |
| IRS990ScheduleD/ExpensesNotRptdF990 | 0 | 337234 |
| IRS990ScheduleD/ExpensesNotRptdOnFinStmt | 0 | 25 |
| IRS990ScheduleD/ExpensesSubtotal | 0 | 5424210 |
| IRS990ScheduleD/FootnoteInPartXIII | 0 | X |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 0 | THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITY. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 1 | TAX LOSS ON DISPOSITION 113,884. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 2 | BOOK / TAX DIFFERENCE IN DEPRECIATION EXPENSE 225,723. BOOK LOSS ON DISPOSITION 111,405. BOOK / TAX DIFFERENCE IN AMORTIZATION EXPENSE 106. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 3 | BOOK/TAX DIFFERENCE IN INVESTMENT IN SURREY HILL 25. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 0 | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 2 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 3 | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference | 0 | PART X, LINE 2: |
| IRS990ScheduleD/InvestmentsProgramRelated/BookValue | 0 | 110016 |
| IRS990ScheduleD/InvestmentsProgramRelated/BookValue | 1 | 1177361 |
| IRS990ScheduleD/InvestmentsProgramRelated/Description | 0 | ESCROW DEPOSITS |
| IRS990ScheduleD/InvestmentsProgramRelated/Description | 1 | RESERVE FOR REPLACEMENTS |
| IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation | 0 | C |
| IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation | 1 | C |
| IRS990ScheduleD/Land/BookValue | 0 | 1710050 |
| IRS990ScheduleD/Land/OtherCostOrOtherBasis | 0 | 1710050 |
| IRS990ScheduleD/LeaseholdImprovements/BookValue | 0 | 23641 |
| IRS990ScheduleD/LeaseholdImprovements/Depreciation | 0 | 1354 |
| IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis | 0 | 24995 |
| IRS990ScheduleD/OtherExpensesIncluded | 0 | 337234 |
| IRS990ScheduleD/OtherExpensesNotIncluded | 0 | 25 |
| IRS990ScheduleD/OtherLiabilities/Amount | 0 | 85119 |
| IRS990ScheduleD/OtherLiabilities/Amount | 1 | 119 |
| IRS990ScheduleD/OtherLiabilities/Description | 0 | TENANT SECURITY DEPOSITS |
| IRS990ScheduleD/OtherLiabilities/Description | 1 | INVESTMENT IN SURREY HILL LIMITED P |
| IRS990ScheduleD/OtherRevenues | 0 | 113884 |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 113884 |
| IRS990ScheduleD/RevenueNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 5749980 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 5424235 |
| IRS990ScheduleD/TotalOfAmounts | 0 | 85238 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 13982387 |
| IRS990ScheduleD/TotalOfBookValueProgramRelated | 0 | 1287377 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 5749980 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 5761444 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 5863864 |
| IRS990ScheduleJ/AnyNonFixedPayments | 0 | 0 |
| IRS990ScheduleJ/BoardOrCommitteeApproval | 0 | X |
| IRS990ScheduleJ/CompBasedNetEarningsFilingOrg | 0 | 0 |
| IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/CompensationCommittee | 0 | X |
| IRS990ScheduleJ/CompensationSurvey | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrangement | 0 | 0 |
| IRS990ScheduleJ/Form990OfOtherOrganizations | 0 | X |
| IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg | 0 | 167500 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg | 0 | 150000 |
| IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation | 0 | THE AMOUNT REPORTED FOR DEFERRED COMPENSATION RELATES TO 2 YEARS WORTH OF AN ANNUAL SALARY DUE IN ARREARS TO ROBERT S. DIEDRICH. THE AMOUNT HAS NOT BEEN ACCRUED BY THE ENTITY AND IS BEING REPORTED OFF OF THE BALANCE SHEET. |
| IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier | 0 | SUPPLEMENTAL INFORMATION |
| IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference | 0 | PART III |
| IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson | 0 | ROBERT S DIEDRICH |
| IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/Title | 0 | PRESIDENT/TREASURER |
| IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg | 0 | 317500 |
| IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/InitialContractException | 0 | 0 |
| IRS990/ScheduleJRequired | 0 | 1 |
| IRS990ScheduleJ/SeverancePayment | 0 | 0 |
| IRS990ScheduleJ/SubstantiationRequired | 0 | 1 |
| IRS990ScheduleJ/SupplementalNonqualRetirePlan | 0 | 0 |
| IRS990ScheduleJ/WrittenEmploymentContract | 0 | X |
| IRS990ScheduleL/Form990ScheduleLPartV/Explanation | 0 | NEMO MULTIFAMILY CAPITAL, LLC IS WHOLLY OWNED BY ROBERT S. DIEDRICH. MR. DIEDRICH IS EMPLOYED BY THE ENTITY AND IS A MEMBER OF THE BOARD OF DIRECTORS. |
| IRS990ScheduleL/Form990ScheduleLPartV/Explanation | 1 | OMNI MULTIFAMILY CAPITAL LLC IS OWNED BY PAULA J. BUFFA. SHE IS RELATED TO STEPHEN BUFFA WHO SERVES ON THE BOARD OF DIRECTORS OF PRESERVATION HOUSING PARTNERS. |
| IRS990ScheduleL/Form990ScheduleLPartV/Identifier | 0 | FORM 990, SCHEDULE L, PART II |
| IRS990ScheduleL/Form990ScheduleLPartV/Identifier | 1 | FORM 990, SCHEDULE L, PART II |
| IRS990ScheduleL/Form990ScheduleLPartV/ReturnReference | 0 | LOANS TO AND FROM INTERESTED PERSONS |
| IRS990ScheduleL/Form990ScheduleLPartV/ReturnReference | 1 | LOANS TO AND FROM INTERESTED PERSONS |
| IRS990ScheduleL/LoanTable/ApprovedByBoard | 0 | 1 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $17,159,882
- Liabilities
- $9,668,943
- Net assets
- $7,490,939
- Revenue
- -
- Expenses
- $5,424,235
- Net income
- -