Civic Intelligence

Preservation Housing Partners

990 • Fiscal year 2016 • EIN 20-3708317

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

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

75th percentile

0.56x

Higher debt load relative to assets than 75% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

2.31x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

79th percentile

17%

Higher net margin than 79% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

67th percentile

$230,000

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

48th percentile

1.4%

Faster asset growth than 48% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

88th percentile

37%

Faster revenue growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$17,398,860

Up $246,264 (+1.4%) from 2015

Net Assets

Up

$7,708,873

Up $730,765 (+10%) from 2015

Liabilities

Down

$9,689,987

Down $484,501 (-4.8%) from 2015

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin79th percentile

Revenue

Up

$4,194,907

Up $1,130,085 (+37%) from 2015

Expenses

Up

$3,467,203

Up $165,588 (+5.0%) from 2015

Net Income

Up

$727,704

Up $964,497 (+407%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2016

Assets$17,398,860
Liabilities$9,689,987
Net Assets$7,708,873
Open 2016 Filing

Operations Trend

Revenue Growth88th 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

2016

Revenue$4,194,907
Expenses$3,467,203
Net Income$727,704
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$4,786,805
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$11,519,118$10,752,280▼ $766,838
Investments Program Related$1,592,955$1,816,480▲ $223,525
Accounts Receivable$158,067$1,347,850▲ $1,189,783
Cash and Non-Interest-Bearing Accounts$1,555,257$1,288,312▼ $266,945
Other Notes and Loans Receivable, Net$909,208$930,672▲ $21,464
Savings and Temporary Cash Investments$683,827$808,471▲ $124,644
Loans From Officers Directors$591,451$495,646▼ $95,805
Intangible Assets$250,413$240,093▼ $10,320
Prepaid Expenses and Deferred Charges$136,767$129,122▼ $7,645
Total Assets$17,152,596$17,398,860▲ $246,264
Other Assets Total$346,984$85,580▼ $261,404
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,796,369$8,642,266▼ $154,103
Accounts Payable and Accrued Expenses$691,707$461,938▼ $229,769
Other Liabilities$86,264$84,621▼ $1,643
Deferred Revenue$8,697$5,516▼ $3,181
Total Liabilities$10,174,488$9,689,987▼ $484,501
Net Assets / Fund Balance
Unrestricted Net Assets$6,978,108$7,708,873▲ $730,765
Total Net Assets Fund Balance$6,978,108$7,708,873▲ $730,765
Total Liabilities and Net Assets / Fund Balance$17,152,596$17,398,860▲ $246,264

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,222,043$1,389,876$9,611,919
Land$1,778,133-$1,778,133
Equipment$697,283$1,069,218$1,766,501
Leasehold Improvements$54,821$12,468$67,289
Investment Program Related Org$20,000--
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert S DiedrichPresident/treasurerFT$180,000$50,000$230,000

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$2,350,218
Program Service Revenue
$734,442
Investment Income
$1,058,170
Other Revenue
$52,077
All Other Contributions
$6,700
Change in Net Assets
$727,704

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,194,756
Revenue Not Reported on Financial Statements
$151
Revenue Not Reported on Form 990
$68,931
Other Revenue Adjustments
$151
Total Revenue per Audited Statements
$4,263,687
Total Revenue per Form 990
$4,194,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,106,941
Salaries, Compensation, and Employee Benefits$360,262
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,557,773--$1,557,773
Depreciation Depletion$531,088--$531,088
Other Salaries and Wages-$317,000-$317,000
Fees for Services Management-$191,113-$191,113
Office Expenses$101,804--$101,804
Fees for Services Accounting-$72,468-$72,468
Payroll Taxes-$43,262-$43,262
Other Expenses$56,097$40,890-$40,890
Insurance-$39,266-$39,266
Fees for Services Legal-$24,828-$24,828
Interest-$17,497-$17,497
Travel-$12,096-$12,096
Information Technology$10,143--$10,143
Conferences and Meetings-$7,869-$7,869
Advertising-$6,716-$6,716
All Other Expenses$65--$65
Total Functional Expenses$2,629,029$838,174$0$3,467,203

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,563,623
Expenses per Audited Statements$3,467,203
Total Expenses per Form 990$3,467,203
Expenses Not Reported on Form 990$96,420
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Neo Development LLCFamily Member of the President of the BodConstruction Company for Capital Improvement Initiatives and State Agency Duties, Construction Manager, Emergency Response, and a Certified Green Contractor.No$355,568
Nemo Multifamily Capital LLCRelated Party to BodConsulting Fee Payble to Nemo for Various Lihtc Consulting Regarding the Acquisition, Rehabilitation, and Issuance of the 8609.No$65,169

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$591,451$495,646▼ $95,805
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$83,478
Misc, Current Liabilities$819
Investment in Surrey Hill Lp$213
Investment in Orange Village$82
Investment in Bayview$29
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
Yes
Business relationship with organization members
Yes
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 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 11B

“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
2017-11-14
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
Nancy Morton
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Conversion of investment balances to tax basis -566.”

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 involuntary conversion 65,304. Unrealized gain 3,627.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Book/tax difference in flow-through activity 151.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Book/tax difference in depreciation expense 96,156. Book/tax difference in amortization expense 229. Book/tax difference in flow-through activity 35.”

Raw XML AppendixShowing 400 of 828 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0691707
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0461938
IRS990/AccountsReceivableGrp/BOYAmt0158067
IRS990/AccountsReceivableGrp/EOYAmt01347850
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE 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/AdvertisingGrp/ManagementAndGeneralAmt06716
IRS990/AdvertisingGrp/TotalAmt06716
IRS990/AllOtherContributionsAmt06700
IRS990/AllOtherExpensesGrp/ProgramServicesAmt065
IRS990/AllOtherExpensesGrp/TotalAmt065
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ROBERT S DIEDRICH
IRS990/BooksInCareOfDetail/PhoneNum02489338560
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05184 IRON GATE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BLOOMFIELD HILLS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048304
IRS990/BusinessRlnWithFamMemInd01
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd01
IRS990/CashNonInterestBearingGrp/BOYAmt01555257
IRS990/CashNonInterestBearingGrp/EOYAmt01288312
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt07869
IRS990/ConferencesMeetingsGrp/TotalAmt07869
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02350218
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01058170
IRS990/CYOtherExpensesAmt03106941
IRS990/CYOtherRevenueAmt052077
IRS990/CYProgramServiceRevenueAmt0734442
IRS990/CYRevenuesLessExpensesAmt0727704
IRS990/CYSalariesCompEmpBnftPaidAmt0360262
IRS990/CYTotalExpensesAmt03467203
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04194907
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt08697
IRS990/DeferredRevenueGrp/EOYAmt05516
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0531088
IRS990/DepreciationDepletionGrp/TotalAmt0531088
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, 2016, THE CORPORATION HAS A 100% OWNERSHIP INTEREST IN EIGHT ENTITIES (THE "COMPANIES") THAT OWN AND OPERATE AFFORDABLE HOUSING COMMUNITIES (THE "COMMUNITIES").-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 AN 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 OWNS A 34 UNIT APARTMENT COMPLEX LOCATED IN CHARLOTTE, NORTH CAROLINA OPERATING AS ST. ANDREW'S HOMES APARTMENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02629029
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt072468
IRS990/FeesForServicesAccountingGrp/TotalAmt072468
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt024828
IRS990/FeesForServicesLegalGrp/TotalAmt024828
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0191113
IRS990/FeesForServicesManagementGrp/TotalAmt0191113
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.20
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT S DIEDRICH
IRS990/Form990PartVIISectionAGrp/PersonNm1STEPHEN BUFFA
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL MULLIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm3DANIEL COOPER
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL JEPSEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0230000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/TREASURER
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/OtherAmt0987357
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt02343518
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01579255
IRS990/GrossReceiptsAmt04786805
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt010143
IRS990/InformationTechnologyGrp/TotalAmt010143
IRS990/InsuranceGrp/ManagementAndGeneralAmt039266
IRS990/InsuranceGrp/TotalAmt039266
IRS990/IntangibleAssetsGrp/BOYAmt0250413
IRS990/IntangibleAssetsGrp/EOYAmt0240093
IRS990/InterestGrp/ManagementAndGeneralAmt017497
IRS990/InterestGrp/TotalAmt017497
IRS990/InvestmentIncomeGrp/ExclusionAmt070813
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt070813
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01592955
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01816480
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02471562
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011519118
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010752280
IRS990/LandBldgEquipCostOrOtherBssAmt013223842
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0591898
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0591451
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0495646
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt0476
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0151
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0627
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/BOYAmt08796369
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08642266
IRS990/NetAssetsOrFundBalancesBOYAmt06978108
IRS990/NetAssetsOrFundBalancesEOYAmt07708873
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0987357
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0987357
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03627
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01557773
IRS990/OccupancyGrp/TotalAmt01557773
IRS990/OfficeExpensesGrp/ProgramServicesAmt0101804
IRS990/OfficeExpensesGrp/TotalAmt0101804
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0346984
IRS990/OtherAssetsTotalGrp/EOYAmt085580
IRS990/OtherChangesInNetAssetsAmt0-566
IRS990/OtherExpensesGrp/Desc0MANAGEMENT COMPANY EMPL
IRS990/OtherExpensesGrp/Desc1LIHTC CONSULTING EXPENS
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt065169
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt140890
IRS990/OtherExpensesGrp/ProgramServicesAmt0372059
IRS990/OtherExpensesGrp/ProgramServicesAmt156097
IRS990/OtherExpensesGrp/TotalAmt0372059
IRS990/OtherExpensesGrp/TotalAmt165169
IRS990/OtherExpensesGrp/TotalAmt256097
IRS990/OtherExpensesGrp/TotalAmt340890
IRS990/OtherLiabilitiesGrp/BOYAmt086264
IRS990/OtherLiabilitiesGrp/EOYAmt084621
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc2INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/ExclusionAmt027167
IRS990/OtherRevenueMiscGrp/ExclusionAmt115927
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08356
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027167
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt115927
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt28356
IRS990/OtherRevenueTotalAmt052077
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0317000
IRS990/OtherSalariesAndWagesGrp/TotalAmt0317000
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0909208
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0930672
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt043262
IRS990/PayrollTaxesGrp/TotalAmt043262
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0136767
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0129122
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/RelatedOrExemptFuncIncomeAmt0718329
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112256
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23857
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0718329
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112256
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23857
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02394578
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-205629
IRS990/PYOtherExpensesAmt03014334
IRS990/PYOtherRevenueAmt0349993
IRS990/PYProgramServiceRevenueAmt0525880
IRS990/PYRevenuesLessExpensesAmt0-236793
IRS990/PYSalariesCompEmpBnftPaidAmt0287281
IRS990/PYTotalExpensesAmt03301615
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03064822
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0727704
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt01730306
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0683827
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0808471
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/CurrentTaxYearAmt02350218
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02394578
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02700124
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02891174
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt03103913
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt013440007
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt070813
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt051524
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt042384
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02520
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01057
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0168298
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0734441
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0525880
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0432821
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0554966
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0524830
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02772938
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt070813
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt051524
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt042384
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02520
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01057
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0168298
IRS990ScheduleA/InvestmentIncomeCYPct00.00870
IRS990ScheduleA/InvestmentIncomePYPct00.00570
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt051926
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0349993
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt046021
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt045198
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02376555
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02869693
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.84220
IRS990ScheduleA/PublicSupportPY509Pct00.83820
IRS990ScheduleA/PublicSupportTotal509Amt016212945
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03084659
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02920458
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03132945
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03446140
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03628743
IRS990ScheduleA/Total509Grp/TotalAmt016212945
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03207398
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03321975
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03221350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03493858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt06006355
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt019250936
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/BookValueAmt08222043
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01389876
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09611919
IRS990ScheduleD/EquipmentGrp/BookValueAmt0697283
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01069218
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01766501
IRS990ScheduleD/ExpensesNotReportedAmt096420
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03467203
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt080814
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11715666
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt220000
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/BookValueAmt054821
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012468
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt067289
IRS990ScheduleD/OtherExpensesIncludedAmt096420
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt083478
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1213
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt282
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt329
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4819
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INVESTMENT IN SURREY HILL LP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INVESTMENT IN ORANGE VILLAGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3INVESTMENT IN BAYVIEW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4MISC, CURRENT LIABILITIES
IRS990ScheduleD/OtherRevenueAmt068931
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0151
IRS990ScheduleD/RevenueNotReportedAmt068931
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0151
IRS990ScheduleD/RevenueSubtotalAmt04194756
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 INVOLUNTARY CONVERSION 65,304. UNREALIZED GAIN 3,627.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK/TAX DIFFERENCE IN FLOW-THROUGH ACTIVITY 151.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3BOOK/TAX DIFFERENCE IN DEPRECIATION EXPENSE 96,156. BOOK/TAX DIFFERENCE IN AMORTIZATION EXPENSE 229. BOOK/TAX DIFFERENCE IN FLOW-THROUGH ACTIVITY 35.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010752280
IRS990ScheduleD/TotalBookValueProgramRltdAmt01816480
IRS990ScheduleD/TotalExpensesPerForm990Amt03467203
IRS990ScheduleD/TotalLiabilityAmt084621
IRS990ScheduleD/TotalRevenuePerForm990Amt04194907
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04263687
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03563623
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,398,860
Liabilities
$9,689,987
Net assets
$7,708,873
Revenue
$4,194,907
Expenses
$3,467,203
Net income
$727,704
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
2016Detailed filing. Detailed filing data is available for this year.$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