Liabilities / Assets
80th percentile
Higher debt load relative to assets than 80% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.64x
Liabilities / Revenue
92nd percentile
Higher debt load relative to revenue than 92% of similar nonprofits.
Net Margin
20th percentile
Higher net margin than 20% of similar nonprofits.
Top Officer Pay
80th percentile
Higher top officer pay than 80% of similar nonprofits.
Top officer pay equals 8.9% of source-year revenue.
Asset Growth
9th percentile
Faster asset growth than 9% of similar nonprofits.
Revenue Growth
68th percentile
Faster revenue growth than 68% of similar nonprofits.
Balance Sheet
Assets
Flat$19,834,729
Flat from 2020
Net Assets
Flat$7,139,125
Flat from 2020
Liabilities
Flat$12,695,604
Flat from 2020
Revenue And Expenses
Revenue
Flat$3,431,204
Flat from 2020
Expenses
Flat$3,708,096
Flat from 2020
Net Income
Flat-$276,892
Flat from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Nov 12, 2021
- Return Version
- 2020v4.1
- Gross Receipts
- $7,140,521
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.
To create and preserve affordable housing for very low through moderate income tenants.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $11,595,721 | $10,234,692 | ▼ $1,361,029 |
| Cash and Non-Interest-Bearing Accounts | $5,708,459 | $6,248,356 | ▲ $539,897 |
| Investments Program Related | $2,048,038 | $1,604,905 | ▼ $443,133 |
| Other Notes and Loans Receivable, Net | $808,998 | $768,449 | ▼ $40,549 |
| Loans From Officers Directors | $459,698 | $445,702 | ▼ $13,996 |
| Savings and Temporary Cash Investments | $309,669 | $263,293 | ▼ $46,376 |
| Accounts Receivable | $217,321 | $251,220 | ▲ $33,899 |
| Intangible Assets | $272,814 | $213,679 | ▼ $59,135 |
| Prepaid Expenses and Deferred Charges | $135,748 | $116,808 | ▼ $18,940 |
| Total Assets | $21,220,061 | $19,834,729 | ▼ $1,385,332 |
| Other Assets Total | $123,293 | $133,327 | ▲ $10,034 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $12,969,834 | $11,342,718 | ▼ $1,627,116 |
| Accounts Payable and Accrued Expenses | $1,069,006 | $757,132 | ▼ $311,874 |
| Other Liabilities | $141,255 | $132,234 | ▼ $9,021 |
| Deferred Revenue | $13,537 | $17,818 | ▲ $4,281 |
| Total Liabilities | $14,653,330 | $12,695,604 | ▼ $1,957,726 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $6,566,731 | $7,139,125 | ▲ $572,394 |
| Total Net Assets Fund Balance | $6,566,731 | $7,139,125 | ▲ $572,394 |
| Total Liabilities and Net Assets / Fund Balance | $21,220,061 | $19,834,729 | ▼ $1,385,332 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $7,993,091 | $1,402,258 | $9,395,349 |
| Land | $1,738,726 | - | $1,738,726 |
| Equipment | $223,378 | $963,445 | $1,186,823 |
| Leasehold Improvements | $279,497 | $39,605 | $319,102 |
| Investment Program Related Org | $109,892 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Robert S Diedrich | President | FT | $229,213 | $75,000 | $304,213 |
| Michael S Diedrich | Treasurer | FT | $125,318 | - | $125,318 |
Board Members and Trustees
| Name | Title |
|---|---|
| Stephen Buffa | Vice President |
| Daniel Angeli | Director |
| Michael Jepsen | Director |
| Michael Mulligan | Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $1,734,058
- Program Service Revenue
- $1,783,681
- Investment Income
- $-677,034
- Other Revenue
- $590,499
- Change in Net Assets
- $-276,892
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $3,431,204
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $116,880
- Total Revenue per Audited Statements
- $3,548,084
- Total Revenue per Form 990
- $3,431,204
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $3,248,243 |
| Salaries, Compensation, and Employee Benefits | $459,853 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $1,675,133 | - | - | $1,675,133 |
| Depreciation Depletion | $525,632 | - | - | $525,632 |
| Other Salaries and Wages | - | $429,531 | - | $429,531 |
| Fees for Services Management | - | $216,573 | - | $216,573 |
| Office Expenses | $110,490 | - | - | $110,490 |
| Fees for Services Accounting | - | $73,519 | - | $73,519 |
| Insurance | - | $60,387 | - | $60,387 |
| Interest | - | $35,817 | - | $35,817 |
| Payroll Taxes | - | $30,322 | - | $30,322 |
| Fees for Services Other | - | $22,927 | - | $22,927 |
| Information Technology | $16,500 | - | - | $16,500 |
| Travel | - | $7,897 | - | $7,897 |
| Advertising | - | $3,837 | - | $3,837 |
| Fees for Services Legal | - | $3,766 | - | $3,766 |
| Conferences and Meetings | - | $2,720 | - | $2,720 |
| Other Expenses | $41 | $108,874 | - | $41 |
| Total Functional Expenses | $2,711,926 | $996,170 | $0 | $3,708,096 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $3,708,096 |
| Total Expenses per Audited Statements | $3,653,082 |
| Expenses per Audited Statements | $3,652,268 |
| Expenses Not Reported on Financial Statements | $55,828 |
| Other Expense Adjustments | $55,828 |
| Expenses Not Reported on Form 990 | $814 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Interested-Person Transactions
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Neo Development LLC | Family Member of the President of the Bod | Construction Company for Capital Improvement Initiatives and State Agency Duties, Construction Manager,emergency Response, and a Certified Green Contractor | No | $107,719 |
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $459,698 | $445,702 | ▼ $13,996 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Tenant Security Deposits | $131,544 |
| Investment in Surrey Hill Limited P | $283 |
| Misc, Current Liabilities | $204 |
| Investment in Orange Village | $192 |
| Investment in Cottages on Main | $11 |
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
“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
- 2021-11-12
- 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:
“Columbia square, llc equity 809,417. Intangibles to be pis in future year -10,000. Conversion of investment balances to tax basis -17.”
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 49,886. Loss on disposal 66,994.”
PART XI, LINE 4B - OTHER ADJUSTMENTS:
“Book/tax difference in flow-through activity”
PART XII, LINE 2D - OTHER ADJUSTMENTS:
“Book/tax difference in amortization expense 290. Book/tax difference in flow-through activity 524.”
PART XII, LINE 4B - OTHER ADJUSTMENTS:
“Book/tax difference in depreciation expense 55,828.”
Raw XML AppendixShowing 400 of 890 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/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 757132 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 217321 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 251220 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO CREATE AND PRESERVE AFFORDABLE HOUSING FOR VERY LOW THROUGH MODERATE INCOME TENANTS. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 3837 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 3837 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2489338560 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5184 IRON GATE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | BLOOMFIELD HILLS |
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| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
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| IRS990/Desc | 0 | THE CORPORATION WAS FORMED ON OCTOBER 24, 2005 UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE CORPORATION IS TO CREATE AND PRESERVE AFFORDABLE HOUSING THROUGH THE INVESTMENT, CONSTRUCTION OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW, LOW, AND MODERATE INCOME TENANTS. IN ADDITION, THE CORPORATION INVESTED IN TWO AFFORDABLE HOUSING COMMUNITIES WHOSE PROPERTY ALSO QUALIFIED FOR HISTORIC REHABILITATION TAX CREDITS IN ACCORDANCE WITH SECTION 47 OF THE IRC.AS OF DECEMBER 31, 2020, THE CORPORATION HAS A 100% OWNERSHIP INTEREST IN EIGHT ENTITIES THAT OWN AND OPERATE AFFORDABLE HOUSING COMMUNITIES, AND A 51.49% INTEREST 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.- 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.- 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. PINEWOOD SOLD ON DECEMBER 10, 2020.- 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.- COLUMBIA SQUARE, LLC ("COLUMBIA SQUARE") OWNED A 22 UNIT APARTMENT COMMUNITY LOCATED IN MILWAUKEE, WISCONSIN, OPERATING AS COLUMBIA SQUARE APARTMENTS IN WHICH THE CORPORATION ACQUIRED A 51% INTEREST (MAJORITY MEMBER) IN ITS 0.01% MANAGING MEMBER, PHP COLUMBIA SQUARE LLC. THE LIMITED PARTNER INTEREST IN COLUMBIA SQUARE WAS ASSUMED ON JANUARY 1, 2020, BRING THE CORPORATION'S OWNERSHIP INTEREST TO 100%. COLUMBIA SQUARE SOLD ON JANUARY 28, 2020. |
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| IRS990/DisregardedEntityInd | 0 | 1 |
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| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
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| IRS990/ForeignActivitiesInd | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DANIEL ANGELI |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 125318 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TREASURER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2005 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | -756813 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GovernmentGrantsAmt | 0 | 1734058 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 2952504 |
| IRS990/GrossReceiptsAmt | 0 | 7140521 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 16500 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 16500 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 60387 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 60387 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 272814 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 213679 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 35817 |
| IRS990/InterestGrp/TotalAmt | 0 | 35817 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 79779 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 79779 |
| IRS990/InvestmentInJointVentureInd | 0 | 1 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 2048038 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 1604905 |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 2405308 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 11595721 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 10234692 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 12640000 |
| IRS990/LegalDomicileStateCd | 0 | MI |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 3709317 |
| IRS990/LoanOutstandingInd | 0 | 1 |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 459698 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 445702 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MiscellaneousRevenueGrp/ExclusionAmt | 0 | 11759 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 11759 |
| IRS990/MissionDesc | 0 | TO CREATE AND PRESERVE AFFORDABLE HOUSING THROUGH THE INVESTMENT, CONSTRUCTION OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW THROUGH MODERATE INCOME TENANTS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 12969834 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 11342718 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 6566731 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 7139125 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -756813 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -756813 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 49886 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 6566731 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 7139125 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 1675133 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 1675133 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 110490 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 110490 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 123293 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 133327 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 799400 |
| IRS990/OtherExpensesGrp/Desc | 0 | MANAGEMENT COMPANY EMPL |
| IRS990/OtherExpensesGrp/Desc | 1 | MISCELLANEOUS EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 2 | BAD DEBTS |
| IRS990/OtherExpensesGrp/Desc | 3 | PASS-THROUGH RENTAL REA |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 108874 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 356839 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 27291 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 41 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 356839 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 108874 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 27291 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 41 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 141255 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 132234 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 531110 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 531110 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 2 | 531110 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | CANCELLATION OF DEBT |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | TENANT CHARGES |
| IRS990/OtherRevenueMiscGrp/Desc | 2 | LAUNDRY & VENDING |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 36181 |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 1 | 14917 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 527642 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 527642 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 36181 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 2 | 14917 |
| IRS990/OtherRevenueTotalAmt | 0 | 590499 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 429531 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 429531 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 808998 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 768449 |
| IRS990/PartialLiquidationInd | 0 | 1 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 30322 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 30322 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 135748 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 116808 |
| IRS990/PrincipalOfficerNm | 0 | ROBERT S DIEDRICH |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | SHAREHOLDER DISTRIBUTION |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1514409 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 269272 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1514409 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 269272 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1747069 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | -214168 |
| IRS990/PYOtherExpensesAmt | 0 | 3412991 |
| IRS990/PYOtherRevenueAmt | 0 | 55595 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1493485 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -735097 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 404087 |
| IRS990/PYTotalExpensesAmt | 0 | 3817078 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 3081981 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -276892 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 1 |
| IRS990/RevenueAmt | 0 | 1554510 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 309669 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 263293 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART III, LINE 12: |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 1734058 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 1747069 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2564870 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2325667 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2350218 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 10721882 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 79779 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 86965 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 72292 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 75282 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 70813 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 385131 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 1783681 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 1493485 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 1066395 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 700997 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 734441 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 5778999 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 79779 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 86965 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 72292 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 75282 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 70813 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 385131 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.02240 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.02120 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt | 0 | 62857 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 55490 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 81558 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 61373 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 51926 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 313204 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.95940 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.94320 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 16500881 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 3517739 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 3240554 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 3631265 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3026664 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 3084659 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 16500881 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 3660375 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 3383009 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 3785115 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 3163319 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 3207398 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 17199216 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 7993091 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1402258 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 9395349 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 223378 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 963445 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 1186823 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 814 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 55828 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 3652268 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 86513 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 1 | 1408500 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 2 | 109892 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | ESCROW DEPOSITS |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 1 | RESERVE FOR REPLACEMENTS |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 2 | OTHER RESERVES |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 1 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 2 | C |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 1738726 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 1738726 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 279497 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 39605 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 319102 |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 814 |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 55828 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 131544 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 283 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 192 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 204 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 11 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | TENANT SECURITY DEPOSITS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | INVESTMENT IN SURREY HILL LIMITED P |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | INVESTMENT IN ORANGE VILLAGE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | MISC, CURRENT LIABILITIES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | INVESTMENT IN COTTAGES ON MAIN |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 116880 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 116880 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 3431204 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | UNREALIZED GAIN 49,886. LOSS ON DISPOSAL 66,994. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | BOOK/TAX DIFFERENCE IN FLOW-THROUGH ACTIVITY |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 3 | BOOK/TAX DIFFERENCE IN AMORTIZATION EXPENSE 290. BOOK/TAX DIFFERENCE IN FLOW-THROUGH ACTIVITY 524. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 4 | BOOK/TAX DIFFERENCE IN DEPRECIATION EXPENSE 55,828. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 10234692 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 1604905 |
Document Assets
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Filings
Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $19,834,729
- Liabilities
- $12,695,604
- Net assets
- $7,139,125
- Revenue
- $3,431,204
- Expenses
- $3,708,096
- Net income
- -$276,892