Civic Intelligence

O'Fallon Apartments Preservation Nfp

990 • Fiscal year 2015 • EIN 20-3859870

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 18, 2016

Organization ProfileN/A
325 N Wells 8th FloorChicago, IL 60654

(312) 602-6500

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.07x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

5.69x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

15th percentile

-13%

Higher net margin than 15% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

95th percentile

$520,709

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 51.8% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

32nd percentile

-2.6%

Faster asset growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

43rd percentile

1.3%

Faster revenue growth than 43% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$5,322,226

Down $139,781 (-2.6%) from 2014

Net Assets

Down

-$395,289

Down $130,513 (-49%) from 2014

Liabilities

Down

$5,717,515

Down $9,268 (-0.2%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin15th percentile

Revenue

Up

$1,005,056

Up $12,408 (+1.2%) from 2014

Expenses

Up

$1,135,569

Up $40,676 (+3.7%) from 2014

Net Income

Down

-$130,513

Down $28,268 (-28%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $5,581,157Liabilities 2011: $5,615,966Net Assets 2011: -$34,8092011Assets 2012: $5,532,688Liabilities 2012: $5,613,644Net Assets 2012: -$80,9562012Assets 2013: $5,545,168Liabilities 2013: $5,707,699Net Assets 2013: -$162,5312013Assets 2014: $5,462,007Liabilities 2014: $5,726,783Net Assets 2014: -$264,7762014Assets 2015: $5,322,226Liabilities 2015: $5,717,515Net Assets 2015: -$395,2892015Assets 2016: $5,155,849Liabilities 2016: $5,600,581Net Assets 2016: -$444,7322016Assets 2017: $5,032,557Liabilities 2017: $5,507,726Net Assets 2017: -$475,1692017Assets 2018: $5,020,774Liabilities 2018: $6,191,176Net Assets 2018: -$1,170,4022018Assets 2019: $4,946,174Liabilities 2019: $6,120,885Net Assets 2019: -$1,174,7112019Assets 2020: $4,953,628Liabilities 2020: $6,063,643Net Assets 2020: -$1,110,0152020Assets 2021: $5,006,485Liabilities 2021: $5,845,580Net Assets 2021: -$839,0952021Assets 2022: $5,043,286Liabilities 2022: $5,821,989Net Assets 2022: -$778,7032022Assets 2023: $5,104,726Liabilities 2023: $5,710,372Net Assets 2023: -$605,6462023Assets 2024: $5,260,727Liabilities 2024: $5,637,974Net Assets 2024: -$377,2472024

Highlighted filing

2015

Assets$5,322,226
Liabilities$5,717,515
Net Assets-$395,289
Open 2015 Filing

Operations Trend

Revenue Growth43rd percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $943,376Expenses 2011: $1,070,520Net Income 2011: -$127,1442011Expenses 2012: $1,028,0432012Revenue 2013: $1,121,464Expenses 2013: $1,203,039Net Income 2013: -$81,5752013Revenue 2014: $992,648Expenses 2014: $1,094,893Net Income 2014: -$102,2452014Revenue 2015: $1,005,056Expenses 2015: $1,135,569Net Income 2015: -$130,5132015Revenue 2016: $1,028,706Expenses 2016: $1,078,149Net Income 2016: -$49,4432016Revenue 2017: $1,081,473Expenses 2017: $1,111,910Net Income 2017: -$30,4372017Revenue 2018: $1,128,188Expenses 2018: $1,823,421Net Income 2018: -$695,2332018Revenue 2019: $1,190,056Expenses 2019: $1,194,365Net Income 2019: -$4,3092019Revenue 2020: $1,191,737Expenses 2020: $1,127,041Net Income 2020: $64,6962020Revenue 2021: $1,377,565Expenses 2021: $1,106,694Net Income 2021: $270,8712021Revenue 2022: $1,231,952Expenses 2022: $1,171,560Net Income 2022: $60,3922022Revenue 2023: $1,465,260Expenses 2023: $1,292,203Net Income 2023: $173,0572023Revenue 2024: $1,609,881Expenses 2024: $1,381,482Net Income 2024: $228,3992024

Highlighted filing

2015

Revenue$1,005,056
Expenses$1,135,569
Net Income-$130,513
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 18, 2016
Return Version
2015v2.1
Gross Receipts
$1,005,056
Mission and Program Overview

Mission

To provide safe, decent and sanitary rental housing for the elderly.

To provide safe, decent and sanitary rental housing for low and moderate income tenants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,604,966$4,477,491▼ $127,475
Cash and Non-Interest-Bearing Accounts$585$5,862▲ $5,277
Accounts Receivable$4,128$5,646▲ $1,518
Prepaid Expenses and Deferred Charges$7,240$3,807▼ $3,433
Total Assets$5,462,007$5,322,226▼ $139,781
Other Assets Total$845,088$829,420▼ $15,668
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,868,633$4,802,350▼ $66,283
Accounts Payable and Accrued Expenses$812,760$870,767▲ $58,007
Other Liabilities$45,390$44,398▼ $992
Total Liabilities$5,726,783$5,717,515▼ $9,268
Net Assets / Fund Balance
Unrestricted Net Assets$-264,776$-395,289▼ $130,513
Total Net Assets Fund Balance$-264,776$-395,289▼ $130,513
Total Liabilities and Net Assets / Fund Balance$5,462,007$5,322,226▼ $139,781

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,036,145$956,556$3,992,701
Leasehold Improvements$939,839$177,642$1,117,481
Land$470,416-$470,416
Equipment$31,091$184,849$215,940
Other Assets Org$38,884--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleOtherTotal
Annette ZemlanHhdc Director of Property Mgmt Operations$138,923$138,923
Maritza HernandezHhdc Controller$129,681$129,681

Board Members and Trustees

NameTitle
Hipolito RoldanPresident/director
Paul SladeSecretary/director
Hank MendozaTreasurer/director
Laura L SelbyHhdc CFO, COO
Paul MittlemanHhdc VP Acquisition/asset Management
Dilia SaeediHhdc VP Property Management

Highest Paid Contractors

ContractorServicesLocationCompensation
Hispanic Housing Development CoorporatioManagement & IT services325 N Wells 8th Floor, Chicago, IL 60654$107,712
Revenue and Support

Revenue Composition

Contributions and Grants
$62,372
Program Service Revenue
$938,171
Investment Income
$626
Other Revenue
$3,887
Change in Net Assets
$-130,513

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,005,056
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,005,056
Total Revenue per Form 990
$1,005,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$949,429
Salaries, Compensation, and Employee Benefits$186,140
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$313,877--$313,877
Interest$167,984--$167,984
Depreciation Depletion$164,831--$164,831
Other Salaries and Wages$144,064--$144,064
Office Expenses$83,422--$83,422
Fees for Services Management$79,600--$79,600
Insurance$79,312--$79,312
Other Employee Benefits$31,522--$31,522
Fees for Services Accounting$14,256$10,700-$24,956
Payroll Taxes$10,554--$10,554
Advertising$5,539--$5,539
Other Expenses$203--$203
Total Functional Expenses$1,124,869$10,700$0$1,135,569

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,135,569
Total Expenses per Audited Statements$1,135,569
Total Expenses per Form 990$1,135,569
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
tenant security deposits$44,231
tenant prepaid rents$167
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“The board retains the services of an independent CPA firm to prepare the organization's Form 990. Management reviews the completed Form 990 and provides a full copy to all voting members of the governing body prior to filing. The governing body is provided a reasonable amount of time to review the return and ask questions directly to organization management or the contact at the independent CPA firm prior to filing.”

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

“O'fallon apartments preservation's conflict of interest policy is addressed in the business ethics portion of their handbook. In 2015 this portion of the policy & procedures manual was part of hhdc training for all its employees. Attendance was documented and employees were asked to sign a policy & procedures manual receipt acknowledgement form.”

Form 990, Part VI, Section B, line 15

“Compensation review procedures were performed by a related organization, hispanic housing development corporation. The organization hired an independent consultant to conduct a comparative salary survey with other organizations and publications on a recurring cycle.”

Form 990, Part VI, Section C, line 19

“O'fallon apartments preservation corporation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request at the organization's office during normal business hours.”

Filing and Contact Details

Filer

Filer Name
O'FALLON APARTMENTS PRESERVATION NFP
EIN
20-3859870
Phone
3126026500
Address
325 N WELLS 8TH FLOOR, CHICAGO, IL 60654

Signing Officer

Name
Hipolito Roldan
Title
president
Phone
3126026500
Signed
2016-08-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
hipolito ROLDAN
Formed
2006
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
2
Employees
7
Volunteers
2

Preparer

Firm
Plante & Moran Pllc
Address
10 S Riverside Plaza 9th Floor, Chicago, IL 60606
Preparer
Kimberly A Haumann
Phone
3122071040
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the corporation and recognize a tax liability if the corporation has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or the applicable taxing authorities. Management has analyzed the tax positions taken by the corporation and has concluded that as of december 31, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2012.”

Raw XML AppendixShowing 400 of 1,175 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/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt027059
IRS990/OtherExpensesGrp/ProgramServicesAmt12646
IRS990/OtherExpensesGrp/ProgramServicesAmt2203
IRS990/OtherExpensesGrp/TotalAmt027059
IRS990/OtherExpensesGrp/TotalAmt12646
IRS990/OtherExpensesGrp/TotalAmt2203
IRS990/OtherLiabilitiesGrp/BOYAmt045390
IRS990/OtherLiabilitiesGrp/EOYAmt044398
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03887
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03887
IRS990/OtherRevenueTotalAmt03887
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0144064
IRS990/OtherSalariesAndWagesGrp/TotalAmt0144064
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt010554
IRS990/PayrollTaxesGrp/TotalAmt010554
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07240
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03807
IRS990/PrincipalOfficerNm0hipolito ROLDAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1laundry and vending
IRS990/ProgramServiceRevenueGrp/Desc2tenant charges
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0927399
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110720
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt252
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0927399
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110720
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt252
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt052381
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0638
IRS990/PYOtherExpensesAmt0881744
IRS990/PYOtherRevenueAmt05748
IRS990/PYProgramServiceRevenueAmt0933881
IRS990/PYRevenuesLessExpensesAmt0-102245
IRS990/PYSalariesCompEmpBnftPaidAmt0213149
IRS990/PYTotalExpensesAmt01094893
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0992648
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-130513
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0942058
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt062372
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt052381
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt061655
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0176408
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0626
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0638
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0577
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0547
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0499
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02887
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0938171
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0933881
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0907394
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0896456
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0883123
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04559025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0626
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0638
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0577
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0547
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0499
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02887
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03887
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05748
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0151838
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt084893
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt059754
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0306120
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93870
IRS990ScheduleA/PublicSupportPY509Pct00.93720
IRS990ScheduleA/PublicSupportTotal509Amt04735433
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01000543
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0986262
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0969049
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0896456
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0883123
IRS990ScheduleA/Total509Grp/TotalAmt04735433
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01005056
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0992648
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01121464
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0981896
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0943376
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05044440
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/BookValueAmt03036145
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0956556
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03992701
IRS990ScheduleD/EquipmentGrp/BookValueAmt031091
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0184849
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0215940
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01135569
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0470416
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0470416
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0939839
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0177642
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01117481
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt044139
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1133503
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2612894
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt338884
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0tenant security deposit fund
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1escrow deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2replacement reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3deferred financing costs
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt144231
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0tenant prepaid rents
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1tenant security deposits
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01005056
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CORPORATION AND RECOGNIZE A TAX LIABILITY IF THE CORPORATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2015 AND 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04477491
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0829420
IRS990ScheduleD/TotalExpensesPerForm990Amt01135569
IRS990ScheduleD/TotalLiabilityAmt044398
IRS990ScheduleD/TotalRevenuePerForm990Amt01005056
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01005056
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01135569
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt094210
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt160256
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt229939

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$5,322,226
Liabilities
$5,717,515
Net assets
-$395,289
Revenue
$1,005,056
Expenses
$1,135,569
Net income
-$130,513
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.26$5.64$0.38$1.61$1.38$0.23
2023Summary only. Only limited summary data is available for this year.$5.10$5.71$0.61$1.47$1.29$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.04$5.82$0.78$1.23$1.17$0.06
2021Summary only. Only limited summary data is available for this year.$5.01$5.85$0.84$1.38$1.11$0.27
2020Summary only. Only limited summary data is available for this year.$4.95$6.06$1.11$1.19$1.13$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.95$6.12$1.17$1.19$1.19$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.02$6.19$1.17$1.13$1.82$0.70
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.03$5.51$0.48$1.08$1.11$0.03
2016Summary only. Only limited summary data is available for this year.$5.16$5.60$0.44$1.03$1.08$0.05
2015Detailed filing. Detailed filing data is available for this year.$5.32$5.72$0.40$1.01$1.14$0.13
2014Detailed filing. Detailed filing data is available for this year.$5.46$5.73$0.26$0.99$1.09$0.10
2013Detailed filing. Detailed filing data is available for this year.$5.55$5.71$0.16$1.12$1.20$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.53$5.61$0.08$1.03
2011Summary only. Only limited summary data is available for this year.$5.58$5.62$0.03$0.94$1.07$0.13