Civic Intelligence

Preservation Housing Partners

990 • Fiscal year 2015 • EIN 20-3708317

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 09, 2016

Organization ProfileN/A
5184 Iron GateBloomfield Hills, MI 48304

(248) 933-8560

Siviq Scores

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

Liabilities / Assets

76th percentile

0.59x

Higher debt load relative to assets than 76% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

91st percentile

3.32x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

17th percentile

-7.7%

Higher net margin than 17% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

66th percentile

$225,000

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

63rd percentile

4.5%

Faster asset growth than 63% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

23rd percentile

-7.2%

Faster revenue growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$17,152,596

Up $737,239 (+4.5%) from 2014

Net Assets

Down

$6,978,108

Down $236,793 (-3.3%) from 2014

Liabilities

Up

$10,174,488

Up $974,032 (+11%) from 2014

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin17th percentile

Revenue

Down

$3,064,822

Down $239,455 (-7.2%) from 2014

Expenses

Down

$3,301,615

Down $270,927 (-7.6%) from 2014

Net Income

Up

-$236,793

Up $31,472 (+12%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$30M$20M$10M$0Assets 2010: $10,553,805Liabilities 2010: $3,131,831Net Assets 2010: $7,421,9742010Assets 2011: $15,781,371Liabilities 2011: $8,616,179Net Assets 2011: $7,165,1922011Assets 2012: $17,159,882Liabilities 2012: $9,668,943Net Assets 2012: $7,490,9392012Assets 2013: $17,030,793Liabilities 2013: $9,545,062Net Assets 2013: $7,485,7312013Assets 2014: $16,415,357Liabilities 2014: $9,200,456Net Assets 2014: $7,214,9012014Assets 2015: $17,152,596Liabilities 2015: $10,174,488Net Assets 2015: $6,978,1082015Assets 2016: $17,398,860Liabilities 2016: $9,689,987Net Assets 2016: $7,708,8732016Assets 2017: $18,391,404Liabilities 2017: $11,160,764Net Assets 2017: $7,230,6402017Assets 2018: $19,968,619Liabilities 2018: $12,541,075Net Assets 2018: $7,427,5442018Assets 2019: $21,220,061Liabilities 2019: $14,653,330Net Assets 2019: $6,566,7312019Assets 2020: $19,834,729Liabilities 2020: $12,695,604Net Assets 2020: $7,139,1252020Assets 2021: $17,748,211Liabilities 2021: $10,028,188Net Assets 2021: $7,720,0232021Assets 2022: $17,662,133Liabilities 2022: $9,834,936Net Assets 2022: $7,827,1972022Assets 2023: $17,320,379Liabilities 2023: $9,624,440Net Assets 2023: $7,695,9392023Assets 2024: $22,996,642Liabilities 2024: $10,405,465Net Assets 2024: $12,591,1772024

Highlighted filing

2015

Assets$17,152,596
Liabilities$10,174,488
Net Assets$6,978,108
Open 2015 Filing

Operations Trend

Revenue Growth23rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $132,6782010Expenses 2011: $2,227,4172011Expenses 2012: $5,424,2352012Revenue 2013: $3,396,244Expenses 2013: $3,401,452Net Income 2013: -$5,2082013Revenue 2014: $3,304,277Expenses 2014: $3,572,542Net Income 2014: -$268,2652014Revenue 2015: $3,064,822Expenses 2015: $3,301,615Net Income 2015: -$236,7932015Revenue 2016: $4,194,907Expenses 2016: $3,467,203Net Income 2016: $727,7042016Revenue 2017: $3,163,160Expenses 2017: $3,642,555Net Income 2017: -$479,3952017Revenue 2018: $4,303,405Expenses 2018: $4,068,517Net Income 2018: $234,8882018Revenue 2019: $3,081,981Expenses 2019: $3,817,078Net Income 2019: -$735,0972019Revenue 2020: $3,431,204Expenses 2020: $3,708,096Net Income 2020: -$276,8922020Revenue 2021: $4,586,755Expenses 2021: $3,274,234Net Income 2021: $1,312,5212021Revenue 2022: $2,883,171Expenses 2022: $3,114,772Net Income 2022: -$231,6012022Revenue 2023: $3,176,591Expenses 2023: $3,463,364Net Income 2023: -$286,7732023Revenue 2024: $6,213,822Expenses 2024: $4,031,056Net Income 2024: $2,182,7662024

Highlighted filing

2015

Revenue$3,064,822
Expenses$3,301,615
Net Income-$236,793
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 9, 2016
Return Version
2015v2.1
Gross Receipts
$3,321,975
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,145,233$11,519,118▲ $373,885
Investments Program Related$1,347,350$1,592,955▲ $245,605
Cash and Non-Interest-Bearing Accounts$1,625,604$1,555,257▼ $70,347
Other Notes and Loans Receivable, Net$861,346$909,208▲ $47,862
Savings and Temporary Cash Investments$1,001,238$683,827▼ $317,411
Loans From Officers Directors$593,018$591,451▼ $1,567
Intangible Assets$240,255$250,413▲ $10,158
Accounts Receivable$27,011$158,067▲ $131,056
Prepaid Expenses and Deferred Charges$86,447$136,767▲ $50,320
Total Assets$16,415,357$17,152,596▲ $737,239
Other Assets Total$80,873$346,984▲ $266,111
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,054,914$8,796,369▲ $741,455
Accounts Payable and Accrued Expenses$470,494$691,707▲ $221,213
Other Liabilities$75,925$86,264▲ $10,339
Deferred Revenue$6,105$8,697▲ $2,592
Total Liabilities$9,200,456$10,174,488▲ $974,032
Net Assets / Fund Balance
Unrestricted Net Assets$7,214,901$6,978,108▼ $236,793
Total Net Assets Fund Balance$7,214,901$6,978,108▼ $236,793
Total Liabilities and Net Assets / Fund Balance$16,415,357$17,152,596▲ $737,239

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,661,152$1,136,427$9,797,579
Equipment$1,002,009$927,109$1,929,118
Land$1,778,133-$1,778,133
Leasehold Improvements$77,824$13,120$90,944
Investment Program Related Org$167,584--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert S DiedrichPresident/treasurerFT$175,000$50,000$225,000

Board Members and Trustees

NameTitle
Stephen BuffaVice President/secretary
Daniel CooperDirector
Michael JepsenDirector
Michael MulliganDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,394,578
Program Service Revenue
$525,880
Investment Income
$-205,629
Other Revenue
$349,993
Change in Net Assets
$-236,793

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,064,822
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$15,153
Total Revenue per Audited Statements
$3,079,975
Total Revenue per Form 990
$3,064,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,014,334
Salaries, Compensation, and Employee Benefits$287,281
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,603,798--$1,603,798
Depreciation Depletion$505,541--$505,541
Other Salaries and Wages-$252,500-$252,500
Fees for Services Management-$181,792-$181,792
Office Expenses$104,625--$104,625
Fees for Services Accounting-$66,381-$66,381
Insurance-$38,625-$38,625
Payroll Taxes-$34,781-$34,781
Travel-$14,817-$14,817
Conferences and Meetings-$9,510-$9,510
Information Technology$8,411--$8,411
Fees for Services Legal-$6,412-$6,412
Other Expenses$17,507$3,795-$3,795
Advertising-$3,375-$3,375
All Other Expenses$595--$595
Fees for Services Other-$26-$26
Total Functional Expenses$2,567,442$734,173$0$3,301,615

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,520,078
Total Expenses per Form 990$3,301,615
Expenses per Audited Statements$3,301,594
Expenses Not Reported on Form 990$218,484
Expenses Not Reported on Financial Statements$21
Other Expense Adjustments$21
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$593,018$591,451▼ $1,567
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$85,254
Misc, Current Liabilities$774
Investment in Surrey Hill Lp$193
Investment in Orange Village$43
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

“A member of the board of directors (robert s. Diedrich) wholly owns an entity (nemo multifamily capital, llc) that is engaged with the organization for an outstanding liability at year end.”

Form 990, Part VI, Section A, Line 3

“Heritage house, is managed by preservation management, inc., a professional property management company.”

Form 990, Part VI, Section A, Line 3

“Lynnhaven, is managed by preservation management, inc., a professional property management company.”

Form 990, Part VI, Section A, Line 3

“Gateway village, is managed by preservation management, inc., a professional property management company.”

Form 990, Part VI, Section A, Line 3

“Php lewis village llc, is managed by community management corporation, a professional property management company.”

Form 990, Part VI, Section A, Line 3

“Php pinewood llc, is managed by community management corporation, a professional property management company.”

Form 990, Part VI, Section A, Line 3

“Php northwoods llc, is managed by community management corporation, a professional property management company.”

Form 990, Part VI, Section A, Line 3

“Qnp prince court, llc is managed by community management corporation, a professional property management company.”

Form 990, Part VI, Section A, Line 3

“Php st. Andrew's homes, llc is managed by excel property management, inc., a professional property management company.”

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

“The board shall appoint the officers of the corporation. The officers shall be a president, a secretary, and a treasurer. There may also be a chairperson, vice president, and such other officers as the board deems appropriate. The president shall be a voting member of the board. The same person may hold two or more offices, but such person shall not execute, acknowledge, or verify an instrument in more than one capacity if the instrument is required by law or by the president or by the board to be executed, acknowledged, or verified by two or more officers.”

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

“The board of directors at any regular or special meeting may amend or repeal these bylaws, or adopt new bylaws by vote of a majority of the directors, if notice setting forth the terms of the proposal has been given in accordance with any notice requirement for such meeting of the board.”

Form 990, Part VI, Section B, Line 11

“The accounting firm sends a draft of the return to the company. The company forwards a copy of the return to each board member for their comments prior to filing.”

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

“Whenever any matter arises in which a director either has a conflict of interest or has a question about the existence of a conflict of interest, he/she shall make full disclosure of the material facts of the conflict to the corporation before the matter is discussed formally. This disclosure must be made to the full board at a properly called meeting of the board. A ruling on the conflict shall be made by a majority vote of the board and entered into the minutes of the corporation. Stated conflicts and abstentions shall be included in the minutes. Persons who have conflicts of interests as defined herein may participate in the discussion of the matter in question and may be considered in determining the presence of a quorum, but may not vote on any resolution or action of the board involving the matter in question.”

Form 990, Part VI, Section B, Line 15

“The board may elect a compensation committee of up to three (3) directors. It shall be responsible for presenting recommendations to the board relative to compensation to be provided to officers and other senior management personnel, or for approving such compensation to officers and management personnel in lieu of action by the board of directors. All members of the committee shall be subject to the conflict of interest policy as delineated in these bylaws at aricle xi. Prior to making any compensation decisions, the committee shall obtain information with respect to the comparability of the proposed compensation with amounts ordinarily paid by similar organizations for similar services. The committee shall rely on this information in making its recommendations or decisions and shall document the basis for its actions concurrently with those recommendations or decisions.”

Form 990, Part VI, Section C, Line 19

“The form 990 and all related financial and policy information are made available to the public upon written request.”

FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:

“All of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.”

Filing and Contact Details

Filer

Filer Name
Preservation Housing Partners
EIN
20-3708317
Phone
2489338560
Address
5184 IRON GATE, BLOOMFIELD HILLS, MI 48304

Signing Officer

Name
Robert S Diedrich
Title
President
Phone
2489338560
Signed
2016-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert S Diedrich
Formed
2005
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
4
Employees
2
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD STE 300, CARMEL, IN 46032
Preparer
Ellen Wilde
Phone
3178485700
Supplemental Narrative

Additional Explanations

PART XII, LINE 2C:

“If determined by the board of directors or required by the funders of the corporation, there shall be an annual audit of the financial statements of the corporation by an independent certified public accountant approved by the board of directors. The corporation receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments and approval.”

Financial Statement Notes

PART X, LINE 2:

“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.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Book/tax difference in gain on disposal of fixed assets 15,153.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Book/tax difference in depreciation expense 218,255. Book/tax difference in amortization expense 229.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Book/tax difference in investment in surrey hill 7. Book/tax difference in investment in new orange village 14.”

Raw XML AppendixShowing 400 of 795 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/Desc0THE 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, 2015, 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 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.-PHP ST. ANDREW'S HOMES LLC OWN A 34 UNIT APARTMENT COMPLEX LOCATED IN CHARLOTTE, NORTH CAROLINA OPERATING AS ST. ANDREW'S HOMES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-257153
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt02394578
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03321975
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt08411
IRS990/InformationTechnologyGrp/TotalAmt08411
IRS990/InsuranceGrp/ManagementAndGeneralAmt038625
IRS990/InsuranceGrp/TotalAmt038625
IRS990/IntangibleAssetsGrp/BOYAmt0240255
IRS990/IntangibleAssetsGrp/EOYAmt0250413
IRS990/InvestmentIncomeGrp/ExclusionAmt051524
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt051524
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01347350
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01592955
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02076656
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011145233
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011519118
IRS990/LandBldgEquipCostOrOtherBssAmt013595774
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0257153
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0593018
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0591451
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt04292
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt04292
IRS990/MissionDesc0THE 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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08054914
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08796369
IRS990/NetAssetsOrFundBalancesBOYAmt07214901
IRS990/NetAssetsOrFundBalancesEOYAmt06978108
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-257153
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-257153
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01603798
IRS990/OccupancyGrp/TotalAmt01603798
IRS990/OfficeExpensesGrp/ProgramServicesAmt0104625
IRS990/OfficeExpensesGrp/TotalAmt0104625
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt080873
IRS990/OtherAssetsTotalGrp/EOYAmt0346984
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT COMPANY EMPL
IRS990/OtherExpensesGrp/Desc1SELLING EXPENSES - ORAN
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0122159
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13795
IRS990/OtherExpensesGrp/ProgramServicesAmt0326965
IRS990/OtherExpensesGrp/ProgramServicesAmt117507
IRS990/OtherExpensesGrp/TotalAmt0326965
IRS990/OtherExpensesGrp/TotalAmt1122159
IRS990/OtherExpensesGrp/TotalAmt217507
IRS990/OtherExpensesGrp/TotalAmt33795
IRS990/OtherLiabilitiesGrp/BOYAmt075925
IRS990/OtherLiabilitiesGrp/EOYAmt086264
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc2LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/ExclusionAmt025566
IRS990/OtherRevenueMiscGrp/ExclusionAmt116005
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0304130
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0304130
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt125566
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt216005
IRS990/OtherRevenueTotalAmt0349993
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0252500
IRS990/OtherSalariesAndWagesGrp/TotalAmt0252500
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0861346
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0909208
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt034781
IRS990/PayrollTaxesGrp/TotalAmt034781
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt086447
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0136767
IRS990/PrincipalOfficerNm0ROBERT S DIEDRICH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SHAREHOLDER DISTRIBUTION
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0517764
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14491
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0517764
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14491
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23625
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02700124
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0227
IRS990/PYInvestmentIncomeAmt0125312
IRS990/PYOtherExpensesAmt03264578
IRS990/PYOtherRevenueAmt046021
IRS990/PYProgramServiceRevenueAmt0432820
IRS990/PYRevenuesLessExpensesAmt0-268265
IRS990/PYSalariesCompEmpBnftPaidAmt0307737
IRS990/PYTotalExpensesAmt03572542
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03304277
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-236793
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0572857
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01001238
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0683827
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02394578
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02700124
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02891174
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03103913
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01775803
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt012865592
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt051524
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt042384
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02520
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01057
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05884
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0103369
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0525880
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0432821
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0554966
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0524830
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0360139
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02398636
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt051524
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt042384
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02520
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01057
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05884
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0103369
IRS990ScheduleA/InvestmentIncomeCYPct00.00570
IRS990ScheduleA/InvestmentIncomePYPct00.00230
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0349993
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt046021
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt045198
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02376555
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt024779
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02842546
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.83820
IRS990ScheduleA/PublicSupportPY509Pct00.88650
IRS990ScheduleA/PublicSupportTotal509Amt015264228
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02920458
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03132945
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03446140
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03628743
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02135942
IRS990ScheduleA/Total509Grp/TotalAmt015264228
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03321975
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03221350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03493858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt06006355
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02166605
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt018210143
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/BookValueAmt08661152
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01136427
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09797579
IRS990ScheduleD/EquipmentGrp/BookValueAmt01002009
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0927109
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01929118
IRS990ScheduleD/ExpensesNotReportedAmt0218484
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt021
IRS990ScheduleD/ExpensesSubtotalAmt03301594
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt083569
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11341802
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2167584
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2OTHER RESERVES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt01778133
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01778133
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt077824
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt013120
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt090944
IRS990ScheduleD/OtherExpensesIncludedAmt0218484
IRS990ScheduleD/OtherExpensesNotIncludedAmt021
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt085254
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1193
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt243
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3774
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INVESTMENT IN SURREY HILL LP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INVESTMENT IN ORANGE VILLAGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MISC, CURRENT LIABILITIES
IRS990ScheduleD/OtherRevenueAmt015153
IRS990ScheduleD/RevenueNotReportedAmt015153
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03064822
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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/SupplementalInformationDetail/ExplanationTxt1BOOK/TAX DIFFERENCE IN GAIN ON DISPOSAL OF FIXED ASSETS 15,153.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK/TAX DIFFERENCE IN DEPRECIATION EXPENSE 218,255. BOOK/TAX DIFFERENCE IN AMORTIZATION EXPENSE 229.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3BOOK/TAX DIFFERENCE IN INVESTMENT IN SURREY HILL 7. BOOK/TAX DIFFERENCE IN INVESTMENT IN NEW ORANGE VILLAGE 14.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011519118
IRS990ScheduleD/TotalBookValueProgramRltdAmt01592955
IRS990ScheduleD/TotalExpensesPerForm990Amt03301615
IRS990ScheduleD/TotalLiabilityAmt086264
IRS990ScheduleD/TotalRevenuePerForm990Amt03064822
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03079975
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03520078
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$17,152,596
Liabilities
$10,174,488
Net assets
$6,978,108
Revenue
$3,064,822
Expenses
$3,301,615
Net income
-$236,793
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.0$10.4$12.6$6.21$4.03$2.18
2023Summary only. Only limited summary data is available for this year.$17.3$9.62$7.70$3.18$3.46$0.29
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$9.83$7.83$2.88$3.11$0.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.7$10.0$7.72$4.59$3.27$1.31
2020Summary only. Only limited summary data is available for this year.$19.8$12.7$7.14$3.43$3.71$0.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.2$14.7$6.57$3.08$3.82$0.74
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.0$12.5$7.43$4.30$4.07$0.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$11.2$7.23$3.16$3.64$0.48
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.4$9.69$7.71$4.19$3.47$0.73
2015Detailed filing. Detailed filing data is available for this year.$17.2$10.2$6.98$3.06$3.30$0.24
2014Detailed filing. Detailed filing data is available for this year.$16.4$9.20$7.21$3.30$3.57$0.27
2013Detailed filing. Detailed filing data is available for this year.$17.0$9.55$7.49$3.40$3.40$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$9.67$7.49$5.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$8.62$7.17$2.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$3.13$7.42$0.13