Civic Intelligence

Preservation Housing Partners

990 • Fiscal year 2019 • EIN 20-3708317

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

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

82nd percentile

0.69x

Higher debt load relative to assets than 82% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

4.75x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

10th percentile

-24%

Higher net margin than 10% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

72nd percentile

$258,375

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

59th percentile

6.3%

Faster asset growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-28%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$21,220,061

Up $1,251,442 (+6.3%) from 2018

Net Assets

Down

$6,566,731

Down $860,813 (-12%) from 2018

Liabilities

Up

$14,653,330

Up $2,112,255 (+17%) from 2018

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin10th percentile

Revenue

Down

$3,081,981

Down $1,221,424 (-28%) from 2018

Expenses

Down

$3,817,078

Down $251,439 (-6.2%) from 2018

Net Income

Down

-$735,097

Down $969,985 (-413%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth59th 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

2019

Assets$21,220,061
Liabilities$14,653,330
Net Assets$6,566,731
Open 2019 Filing

Operations Trend

Revenue Growth10th 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

2019

Revenue$3,081,981
Expenses$3,817,078
Net Income-$735,097
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$7,311,469
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$12,879,667$11,595,721▼ $1,283,946
Cash and Non-Interest-Bearing Accounts$2,998,913$5,708,459▲ $2,709,546
Investments Program Related$1,866,007$2,048,038▲ $182,031
Other Notes and Loans Receivable, Net$875,142$808,998▼ $66,144
Loans From Officers Directors$472,636$459,698▼ $12,938
Savings and Temporary Cash Investments$229,879$309,669▲ $79,790
Intangible Assets$286,010$272,814▼ $13,196
Accounts Receivable$68,579$217,321▲ $148,742
Prepaid Expenses and Deferred Charges$159,070$135,748▼ $23,322
Total Assets$19,968,619$21,220,061▲ $1,251,442
Other Assets Total$605,352$123,293▼ $482,059
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,321,976$12,969,834▲ $1,647,858
Accounts Payable and Accrued Expenses$529,667$1,069,006▲ $539,339
Other Liabilities$141,247$141,255▲ $8
Deferred Revenue$75,549$13,537▼ $62,012
Total Liabilities$12,541,075$14,653,330▲ $2,112,255
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,427,544$6,566,731▼ $860,813
Total Net Assets Fund Balance$7,427,544$6,566,731▼ $860,813
Total Liabilities and Net Assets / Fund Balance$19,968,619$21,220,061▲ $1,251,442

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,087,579$1,488,321$10,575,900
Land$1,903,286-$1,903,286
Equipment$337,676$1,088,730$1,426,406
Leasehold Improvements$267,180$22,772$289,952
Investment Program Related Org$125,342--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert S DiedrichPresidentFT$208,375$50,000$258,375
Michael S DiedrichTreasurerFT$117,562-$117,562

Board Members and Trustees

NameTitle
Stephen BuffaVice President
Daniel AngeliDirector
Michael JepsenDirector
Michael MulliganSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,747,069
Program Service Revenue
$1,493,485
Investment Income
$-214,168
Other Revenue
$55,595
Change in Net Assets
$-735,097

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,081,876
Revenue Not Reported on Financial Statements
$105
Revenue Not Reported on Form 990
$273,029
Other Revenue Adjustments
$105
Total Revenue per Audited Statements
$3,354,905
Total Revenue per Form 990
$3,081,981
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,412,991
Salaries, Compensation, and Employee Benefits$404,087
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,730,889--$1,730,889
Depreciation Depletion$585,944--$585,944
Other Salaries and Wages-$375,937-$375,937
Fees for Services Management-$211,075-$211,075
Office Expenses$95,908--$95,908
Fees for Services Accounting-$68,071-$68,071
Insurance-$55,022-$55,022
Interest-$36,876-$36,876
Payroll Taxes-$28,150-$28,150
Travel-$13,869-$13,869
Information Technology$12,855--$12,855
Advertising-$4,140-$4,140
Fees for Services Legal-$2,268-$2,268
Conferences and Meetings-$2,122-$2,122
Other Expenses$83$180,670-$83
Total Functional Expenses$2,838,878$978,200$0$3,817,078

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,817,078
Total Expenses per Audited Statements$3,692,138
Expenses per Audited Statements$3,690,935
Expenses Not Reported on Financial Statements$126,143
Other Expense Adjustments$126,143
Expenses Not Reported on Form 990$1,203
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$457,007
Nemo Multifamily Capital LLCRelated Party to BodConsulting Fee Payable to Nemo for Consulting Services Relating to the Acquisition, Rehabilitation, Refinancing, and Sale of Gateway Village and Lynnhaven.No$93,100

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$472,636$459,698▼ $12,938
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$140,606
Investment in Surrey Hill Limited P$269
Misc, Current Liabilities$204
Investment in Orange Village$166
Investment in Cottages on Main$10
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 35% controlled entity
No
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 2

“Robert s. Diedrich, president and director of the corporation, and michael s. Diedrich, treasurer of the corporation, have a family relationship.”

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 community management corporation, a professional property management company.”

Form 990, Part VI, Section A, Line 3

“Gateway village, is managed by community management corporation, 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 3

“Php walnut woods is managed by excel property management, inc., a professional property management company.”

Form 990, Part VI, Section A, Line 3

“Php fox haven is managed by excel property management, inc., a professional property management company.”

Form 990, Part VI, Section A, Line 3

“Elkhorn sedgemeadow is managed by commonwealth management corporation, 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
2020-11-12
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 300, CARMEL, IN 46032
Preparer
Ellen Wilde
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Conversion of investment balances to tax basis -595. Elkhorn sedgemeadow i, lp equity -191,651. Casualty disposal 100.”

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 with the applicable tax authority.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Unrealized gain 66,430. Loss on disposal 206,599.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Book/tax difference in flow-through activity 105.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Book/tax difference in amortization expense 1,057. Book/tax difference in flow-through activity 146.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Book/tax difference in depreciation expense 126,143.”

Raw XML AppendixShowing 400 of 917 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/BOYAmt0529667
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01069006
IRS990/AccountsReceivableGrp/BOYAmt068579
IRS990/AccountsReceivableGrp/EOYAmt0217321
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/ManagementAndGeneralAmt04140
IRS990/AdvertisingGrp/TotalAmt04140
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/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd01
IRS990/BusinessRlnWithOrgMemInd01
IRS990/CashNonInterestBearingGrp/BOYAmt02998913
IRS990/CashNonInterestBearingGrp/EOYAmt05708459
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt02122
IRS990/ConferencesMeetingsGrp/TotalAmt02122
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractTerminationInd0X
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01747069
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-214168
IRS990/CYOtherExpensesAmt03412991
IRS990/CYOtherRevenueAmt055595
IRS990/CYProgramServiceRevenueAmt01493485
IRS990/CYRevenuesLessExpensesAmt0-735097
IRS990/CYSalariesCompEmpBnftPaidAmt0404087
IRS990/CYTotalExpensesAmt03817078
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03081981
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt075549
IRS990/DeferredRevenueGrp/EOYAmt013537
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0585944
IRS990/DepreciationDepletionGrp/TotalAmt0585944
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, 2019, THE CORPORATION HAS A 100% OWNERSHIP INTEREST IN EIGHT ENTITIES THAT OWN AND OPERATE AFFORDABLE HOUSING COMMUNITIES, AND A 51.49% INTESTEST OF ELKHORN SEDGEMEADOW I LIMITED PARTNERSHIP. FURTHER DETAILS ON ENTITIES OWNED: - PHP FOX HAVEN LLC ("FOX HAVEN") OWNS A 48 UNIT APARTMENT COMMUNITY LOCATED IN RALEIGH, NORTH CAROLINA OPERATING AS FOX HAVEN APARTMENTS.- QNP GATEWAY VILLAGE LLC ("GATEWAY VILLAGE") OWNS A 64 UNIT APARTMENT COMMUNITY LOCATED IN HILLSBOROUGH, NORTH CAROLINA OPERATING AS GATEWAY VILLAGE APARTMENTS. GATEWAY VILLAGE SOLD ON FEBRUARY 20, 2019. - PHP HERITAGE HOUSE LIMITED PARTNERSHIP ("HERITAGE HOUSE") OWNS AN 80 UNIT APARTMENT COMMUNITY LOCATED IN LEWISBURG, PENNSYLVANIA OPERATING AS HERITAGE HOUSE APARTMENTS.- PHP LEWIS VILLAGE LLC ("LEWIS VILLAGE") OWNS A 37 UNIT APARTMENT COMMUNITY LOCATED IN ELIZABETHTOWN, NORTH CAROLINA OPERATING AS LEWIS VILLAGE APARTMENTS.- QNP LYNNHAVEN LLC ("LYNNHAVEN") OWNS A 75 UNIT APARTMENT COMMUNITY LOCATED IN DURHAM, NORTH CAROLINA OPERATING AS LYNNHAVEN APARTMENTS. LYNNHAVEN SOLD ON FEBRUARY 20, 2019.- PHP NORTHWOODS LLC ("NORTHWOODS") OWNS A 50 UNIT APARTMENT COMPLEX LOCATED IN BURGAW, NORTH CAROLINA OPERATING AS NORTHWOODS APARTMENTS.- PHP PINEWOOD LLC ("PINEWOOD") OWNS A 60 UNIT APARTMENT COMPLEX LOCATED IN DUNN, NORTH CAROLINA OPERATING AS PINEWOOD APARTMENTS.- QNP PRINCE COURT LLC ("PRINCE COURT") OWNED A 30 UNIT APARTMENT COMPLEX LOCATED IN PRINCEVILLE, NORTH CAROLINA OPERATING AS PRINCE COURT APARTMENTS.- ELKHORN SEDGEMEADOW I LIMITED PARTNERSHIP ("SEDGEMEADOW") OWNS A 48 UNIT APARTMENT COMPLEX LOCATED IN ELKHORN, WISCONSIN OPERATING AS SEDGEMEADOW APARTMENTS. SEDGEMEADOW WAS ACQUIRED ON MARCH 13, 2019.- PHP ST. ANDREW'S HOMES LLC ("ST. ANDREW'S") OWNS A 34 UNIT APARTMENT COMPLEX LOCATED IN CHARLOTTE, NORTH CAROLINA OPERATING AS ST. ANDREW'S HOMES APARTMENTS.- PHP WALNUT WOODS LLC ("WALNUT WOODS") OWNS A 36 UNIT APARTMENT COMPLEX LOCATED IN RALEIGH, NORTH CAROLINA OPERATING AS WALNUT WOODS APARTMENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02838878
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt068071
IRS990/FeesForServicesAccountingGrp/TotalAmt068071
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02268
IRS990/FeesForServicesLegalGrp/TotalAmt02268
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0211075
IRS990/FeesForServicesManagementGrp/TotalAmt0211075
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/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT S DIEDRICH
IRS990/Form990PartVIISectionAGrp/PersonNm1STEPHEN BUFFA
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL MULLIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL JEPSEN
IRS990/Form990PartVIISectionAGrp/PersonNm4DANIEL ANGELI
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL S DIEDRICH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0258375
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5117562
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-301133
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt01747069
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt03928355
IRS990/GrossReceiptsAmt07311469
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt012855
IRS990/InformationTechnologyGrp/TotalAmt012855
IRS990/InsuranceGrp/ManagementAndGeneralAmt055022
IRS990/InsuranceGrp/TotalAmt055022
IRS990/IntangibleAssetsGrp/BOYAmt0286010
IRS990/IntangibleAssetsGrp/EOYAmt0272814
IRS990/InterestGrp/ManagementAndGeneralAmt036876
IRS990/InterestGrp/TotalAmt036876
IRS990/InvestmentIncomeGrp/ExclusionAmt086965
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt086965
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01866007
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02048038
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02599823
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012879667
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011595721
IRS990/LandBldgEquipCostOrOtherBssAmt014195544
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt04229488
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0472636
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0459698
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0105
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0105
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/BOYAmt011321976
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012969834
IRS990/NetAssetsOrFundBalancesBOYAmt07427544
IRS990/NetAssetsOrFundBalancesEOYAmt06566731
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-301133
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-301133
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt066430
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07427544
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06566731
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01730889
IRS990/OccupancyGrp/TotalAmt01730889
IRS990/OfficeExpensesGrp/ProgramServicesAmt095908
IRS990/OfficeExpensesGrp/TotalAmt095908
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0605352
IRS990/OtherAssetsTotalGrp/EOYAmt0123293
IRS990/OtherChangesInNetAssetsAmt0-192146
IRS990/OtherExpensesGrp/Desc0MANAGEMENT COMPANY EMPL
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3SUPPORTIVE SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0180670
IRS990/OtherExpensesGrp/ProgramServicesAmt0360809
IRS990/OtherExpensesGrp/ProgramServicesAmt152390
IRS990/OtherExpensesGrp/ProgramServicesAmt283
IRS990/OtherExpensesGrp/TotalAmt0360809
IRS990/OtherExpensesGrp/TotalAmt1180670
IRS990/OtherExpensesGrp/TotalAmt252390
IRS990/OtherExpensesGrp/TotalAmt383
IRS990/OtherLiabilitiesGrp/BOYAmt0141247
IRS990/OtherLiabilitiesGrp/EOYAmt0141255
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt042034
IRS990/OtherRevenueMiscGrp/ExclusionAmt17821
IRS990/OtherRevenueMiscGrp/ExclusionAmt25635
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt042034
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt17821
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt25635
IRS990/OtherRevenueTotalAmt055595
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0375937
IRS990/OtherSalariesAndWagesGrp/TotalAmt0375937
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0875142
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0808998
IRS990/PartialLiquidationInd01
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028150
IRS990/PayrollTaxesGrp/TotalAmt028150
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0159070
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0135748
IRS990/PrincipalOfficerNm0ROBERT S DIEDRICH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPER FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2SHAREHOLDER DISTRIBUTION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01426381
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt150041
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217063
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01426381
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt150041
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217063
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03068870
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt064342
IRS990/PYOtherExpensesAmt03676457
IRS990/PYOtherRevenueAmt0103798
IRS990/PYProgramServiceRevenueAmt01066395
IRS990/PYRevenuesLessExpensesAmt0234888
IRS990/PYSalariesCompEmpBnftPaidAmt0392060
IRS990/PYTotalExpensesAmt04068517
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04303405
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-735097
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt01192457
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0229879
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0309669
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/CurrentTaxYearAmt01747069
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02564870
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02325667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02350218
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt02394578
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt011382402
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt086965
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt072292
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt075282
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt070813
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt051524
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0356876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01493485
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01066395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0700997
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0734441
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0525880
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04521198
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt086965
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt072292
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt075282
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt070813
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt051524
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0356876
IRS990ScheduleA/InvestmentIncomeCYPct00.02120
IRS990ScheduleA/InvestmentIncomePYPct00.01870
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt055490
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt081558
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt061373
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt051926
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0349993
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0600340
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94320
IRS990ScheduleA/PublicSupportPY509Pct00.94590
IRS990ScheduleA/PublicSupportTotal509Amt015903600
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03240554
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03631265
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03026664
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03084659
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02920458
IRS990ScheduleA/Total509Grp/TotalAmt015903600
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03383009
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03785115
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03163319
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03207398
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03321975
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt016860816
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/BookValueAmt09087579
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01488321
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010575900
IRS990ScheduleD/EquipmentGrp/BookValueAmt0337676
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01088730
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01426406
IRS990ScheduleD/ExpensesNotReportedAmt01203
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0126143
IRS990ScheduleD/ExpensesSubtotalAmt03690935
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt085871
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11836825
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2125342
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2OTHER RESERVES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt01903286
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01903286
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0267180
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt022772
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0289952
IRS990ScheduleD/OtherExpensesIncludedAmt01203
IRS990ScheduleD/OtherExpensesNotIncludedAmt0126143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0140606
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1269
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2166
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3204
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt410
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INVESTMENT IN SURREY HILL LIMITED P
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INVESTMENT IN ORANGE VILLAGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MISC, CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4INVESTMENT IN COTTAGES ON MAIN
IRS990ScheduleD/OtherRevenueAmt0273029
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0105
IRS990ScheduleD/RevenueNotReportedAmt0273029
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0105
IRS990ScheduleD/RevenueSubtotalAmt03081876
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 WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1UNREALIZED GAIN 66,430. LOSS ON DISPOSAL 206,599.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK/TAX DIFFERENCE IN FLOW-THROUGH ACTIVITY 105.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3BOOK/TAX DIFFERENCE IN AMORTIZATION EXPENSE 1,057. BOOK/TAX DIFFERENCE IN FLOW-THROUGH ACTIVITY 146.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4BOOK/TAX DIFFERENCE IN DEPRECIATION EXPENSE 126,143.
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:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,220,061
Liabilities
$14,653,330
Net assets
$6,566,731
Revenue
$3,081,981
Expenses
$3,817,078
Net income
-$735,097
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
2019Detailed filing. Detailed filing data is available for this year.$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