Civic Intelligence

Tidewater Community College Real Estate Foundation Inc.

990 • Fiscal year 2017 • EIN 20-3950078

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 16, 2018

Organization ProfileN/A
121 College Place 5th FloorNorfolk, VA 23510

(757) 822-1754

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.07x

Higher debt load relative to revenue than 21% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

89th percentile

45%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

83rd percentile

$343,784

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 61.4% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

58th percentile

7.0%

Faster asset growth than 58% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$11,536,265

Up $752,278 (+7.0%) from 2016

Net Assets

Up

$11,498,391

Up $719,840 (+6.7%) from 2016

Liabilities

Up

$37,874

Up $32,438 (+597%) from 2016

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin89th percentile

Revenue

Up

$560,014

Up $881,180 (+274%) from 2016

Expenses

Up

$309,829

Up $96,027 (+45%) from 2016

Net Income

Up

$250,185

Up $785,153 (+147%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

$30M$20M$10M$0Assets 2010: $6,421,625Liabilities 2010: $72,673Net Assets 2010: $6,348,9522010Assets 2011: $6,391,116Liabilities 2011: $141,624Net Assets 2011: $6,249,4922011Assets 2012: $6,274,221Liabilities 2012: $169,506Net Assets 2012: $6,104,7152012Assets 2013: $6,079,143Liabilities 2013: $199,118Net Assets 2013: $5,880,0252013Assets 2014: $5,972,140Liabilities 2014: $267,321Net Assets 2014: $5,704,8192014Assets 2015: $10,961,277Liabilities 2015: $139,361Net Assets 2015: $10,821,9162015Assets 2016: $10,783,987Liabilities 2016: $5,436Net Assets 2016: $10,778,5512016Assets 2017: $11,536,265Liabilities 2017: $37,874Net Assets 2017: $11,498,3912017Assets 2018: $12,130,125Liabilities 2018: $1,427,801Net Assets 2018: $10,702,3242018Assets 2019: $12,624,360Liabilities 2019: $1,203,162Net Assets 2019: $11,421,1982019Assets 2020: $12,861,811Liabilities 2020: $1,148,288Net Assets 2020: $11,713,5232020Assets 2021: $15,742,597Liabilities 2021: $3,523,694Net Assets 2021: $12,218,9032021Assets 2022: $20,873,831Liabilities 2022: $9,542,876Net Assets 2022: $11,330,9552022Assets 2023: $23,075,065Liabilities 2023: $10,500,516Net Assets 2023: $12,574,5492023Assets 2024: $23,942,380Liabilities 2024: $9,928,464Net Assets 2024: $14,013,9162024

Highlighted filing

2017

Assets$11,536,265
Liabilities$37,874
Net Assets$11,498,391
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $201,8572010Expenses 2011: $309,8042011Expenses 2012: $429,0432012Revenue 2013: -$4,373Expenses 2013: $141,400Net Income 2013: -$145,7732013Revenue 2014: -$69,382Expenses 2014: $147,287Net Income 2014: -$216,6692014Revenue 2015: $5,730,894Expenses 2015: $90,659Net Income 2015: $5,640,2352015Revenue 2016: -$321,166Expenses 2016: $213,802Net Income 2016: -$534,9682016Revenue 2017: $560,014Expenses 2017: $309,829Net Income 2017: $250,1852017Revenue 2018: $537,989Expenses 2018: $470,759Net Income 2018: $67,2302018Revenue 2019: $709,634Expenses 2019: $474,025Net Income 2019: $235,6092019Revenue 2020: $125,256Expenses 2020: $492,778Net Income 2020: -$367,5222020Revenue 2021: $972,642Expenses 2021: $583,810Net Income 2021: $388,8322021Revenue 2022: $737,425Expenses 2022: $687,790Net Income 2022: $49,6352022Revenue 2023: $1,757,346Expenses 2023: $1,048,071Net Income 2023: $709,2752023Revenue 2024: $2,169,052Expenses 2024: $1,052,981Net Income 2024: $1,116,0712024

Highlighted filing

2017

Revenue$560,014
Expenses$309,829
Net Income$250,185
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 16, 2018
Return Version
2017v2.3
Gross Receipts
$5,374,297
Mission and Program Overview

Mission

To foster and promote the growth, progress and general welfare of tidewater community college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,371,189$7,932,389▲ $561,200
Land, Buildings, and Equipment, Net$2,684,460$3,214,936▲ $530,476
Savings and Temporary Cash Investments$676,486$336,703▼ $339,783
Accounts Receivable$51,852$52,237▲ $385
Total Assets$10,783,987$11,536,265▲ $752,278
Liabilities
Accounts Payable and Accrued Expenses$5,436$37,874▲ $32,438
Total Liabilities$5,436$37,874▲ $32,438
Net Assets / Fund Balance
Unrestricted Net Assets$10,778,551$11,498,391▲ $719,840
Total Net Assets Fund Balance$10,778,551$11,498,391▲ $719,840
Total Liabilities and Net Assets / Fund Balance$10,783,987$11,536,265▲ $752,278

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,270,842$517,524$2,788,366
Leasehold Improvements$0$785,254$785,254
Other Land Buildings$552,845-$552,845
Land$391,249-$391,249
Compensation and Service Providers
Top Officer Pay83rd percentile

Board Members and Trustees

NameTitle
Dorcas T Helfant-browningChair/treasurer
Edna V Baehre-kolovaniTcc President
Burrell F SaundersVice Chair/secretary
Ashton Lewis SrDirector
Donald Z GoldbergDirector
Jeff AinslieDirector
Jim SporeDirector
John D PadgettDirector
Kenneth G StepkaDirector
Laura M ArcandDirector
Lee B ArmisteadDirector
Marina J LiacourasDirector
William a HudginsDirector
Matthew B BaumgartenExecutive Director
Anita O PostonCounsel to the Foundation
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$420,937
Other Revenue
$139,077
Change in Net Assets
$250,185

Audited Revenue Reconciliation

Revenue per Audited Statements
$520,827
Revenue Not Reported on Financial Statements
$39,187
Revenue Not Reported on Form 990
$469,655
Total Revenue per Audited Statements
$990,482
Total Revenue per Form 990
$560,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$309,829
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$39,187-$39,187
Insurance$34,980$2,451-$37,431
Fees for Services Other$17,827$10,318-$28,145
Depreciation Depletion$21,825--$21,825
Fees for Services Legal$16,275--$16,275
Other Expenses$15,392$552-$15,944
Occupancy$10,744--$10,744
Fees for Services Accounting-$10,000-$10,000
Information Technology-$2,831-$2,831
Travel$2,813--$2,813
Office Expenses$380--$380
Total Functional Expenses$232,065$77,764$0$309,829

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$309,829
Expenses per Audited Statements$270,642
Total Expenses per Audited Statements$270,642
Expenses Not Reported on Financial Statements$39,187
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
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 11B

“Form 990 is reviewed by the chair, who in turn reports to the board.”

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

“All members of the board of directors and officer are required to certify annually that each has reviewed the provisions. In the event of a conflict, the director or officer will refrain from consideration of the proposed transaction. Directors or officers with conflicts should not vote on the transaction, participate in the discussion regarding the transaction, or be present at the time of the vote, unless expressly requested to remain.”

Form 990, Part VI, Section B, Line 15A

“The foundation has no full-time employees. All personnel in support of the foundation are employees of the tidewater community college, a related organization, and are subject to the compensation policies of the college. The college reviews the compensation of its key employees on an annual basis to ensure that compensation is reasonable.”

Form 990, Part VI, Section C, Line 19

“Organization makes governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Tidewater Community College
EIN
20-3950078
Phone
7578221754
Address
121 COLLEGE PLACE 5TH FLOOR, NORFOLK, VA 23510

Signing Officer

Name
Matthew J Baumgarten
Title
Executive Director
Phone
7578221754
Signed
2018-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew J Baumgarten
Formed
2006
Legal Domicile
Va
Voting Board Members
14
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Cherry Bekaert Llp
Address
222 CENTRAL PARK AVE STE 1400, VIRGINIA BEACH, VA 23462
Preparer
Gregory G Davis
Phone
7574562400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The real estate foundation is exempt from income tax under section 501(c)(3) of the internal revenue code. Management believes that the real estate foundation continues to satisfy the requirements of a tax-exempt organization at december 31, 2017. Management has evaluated all other tax positions that could have a significant effect on the financial statements and determined the real estate foundation had no uncertain income tax positions at december 31, 2017 and 2016.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Rental expense shown net of expenses on statement of revenues”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expense shown net of expenses on statement of revenues”

Raw XML AppendixShowing 400 of 550 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/InformationTechnologyGrp/ManagementAndGeneralAmt02831
IRS990/InformationTechnologyGrp/TotalAmt02831
IRS990/InsuranceGrp/ManagementAndGeneralAmt02451
IRS990/InsuranceGrp/ProgramServicesAmt034980
IRS990/InsuranceGrp/TotalAmt037431
IRS990/InvestmentIncomeGrp/ExclusionAmt0256784
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0256784
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07371189
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07932389
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01302778
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02684460
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03214936
IRS990/LandBldgEquipCostOrOtherBssAmt04517714
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04814283
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF TIDEWATER COMMUNITY COLLEGE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt010778551
IRS990/NetAssetsOrFundBalancesEOYAmt011498391
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0164153
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0164153
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0139077
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0139077
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0469655
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt010744
IRS990/OccupancyGrp/TotalAmt010744
IRS990/OfficeExpensesGrp/ProgramServicesAmt0380
IRS990/OfficeExpensesGrp/TotalAmt0380
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0STAFF SERVICES
IRS990/OtherExpensesGrp/Desc1TAXES AND LICENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012425
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1552
IRS990/OtherExpensesGrp/ProgramServicesAmt0111829
IRS990/OtherExpensesGrp/ProgramServicesAmt115392
IRS990/OtherExpensesGrp/TotalAmt0124254
IRS990/OtherExpensesGrp/TotalAmt115944
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MATTHEW J BAUMGARTEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-272321
IRS990/PYOtherExpensesAmt0213802
IRS990/PYOtherRevenueAmt0-48845
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-534968
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0213802
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0-321166
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0250185
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0139077
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0139077
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0676486
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0336703
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt01) THE FOUNDATION SUPPORTS TIDEWATER COMMUNITY COLLEGE (TCC), A GOVERNMENTAL ENTITY. 2) THE FOUNDATION PROVIDES TCC WITH THE USE OF FACILITIES AND LAND AT THE FOUNDATION'S PROPERTY IN SUFFOLK AT A RENTAL RATE EQUAL TO THE TCCREF INVESTMENT IN RENOVATING A PORTION OF ONE OF THE BUILDINGS OCCUPIED BY TCC. 3) THE FOUNDATION PROVIDES TCC WITH OFFICE SPACE IN PROPERTY OWNED BY THE FOUNDATION AT TCCREF'S BUILDOUT AND OPERATING COSTS (E G, CONDOMINIUM FEE, PROPERTY TAX, & INSURANCE).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE PRESIDENT OF TIDEWATER COMMUNITY COLLEGE IS AN APPOINTED MEMBER TO THE BOARD OF THE FOUNDATION. SHE IS AN ACTIVE MEMBER OF THE BOARD AND HAS A SIGNIFICANT VOICE IN THE FOUNDATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE FOUNDATION'S INCOME OR ASSETS AT ALL TIMES DURING THE YEAR. THE ASSISTANT SECRETARY OF THE BOARD IS AN APPOINTED OFFICER BUT NOT AN APPOINTED MEMBER OF THE BOARD AND DOES NOT HAVE VOTING AUTHORITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 1C
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 3
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0541268286
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TIDEWATER COMMUNITY COLLEGE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02270842
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0517524
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02788366
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt039187
IRS990ScheduleD/ExpensesSubtotalAmt0270642
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt039187
IRS990ScheduleD/InvestmentExpensesNotIncldAmt039187
IRS990ScheduleD/LandGrp/BookValueAmt0391249
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0391249
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0785254
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0785254
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0469655
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0552845
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0552845
IRS990ScheduleD/RevenueNotReportedAmt0469655
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt039187
IRS990ScheduleD/RevenueSubtotalAmt0520827
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE REAL ESTATE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE REAL ESTATE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT DECEMBER 31, 2017. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE REAL ESTATE FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2017 AND 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSE SHOWN NET OF EXPENSES ON STATEMENT OF REVENUES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSE SHOWN NET OF EXPENSES ON STATEMENT OF REVENUES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03214936
IRS990ScheduleD/TotalExpensesPerForm990Amt0309829
IRS990ScheduleD/TotalRevenuePerForm990Amt0560014
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0990482
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0270642
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990ScheduleJ/PaymentsForUseOfResidenceInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0303478
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1136775
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt023232
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt118439
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,536,265
Liabilities
$37,874
Net assets
$11,498,391
Revenue
$560,014
Expenses
$309,829
Net income
$250,185
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.9$9.93$14.0$2.17$1.05$1.12
2023Summary only. Only limited summary data is available for this year.$23.1$10.5$12.6$1.76$1.05$0.71
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.9$9.54$11.3$0.74$0.69$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$3.52$12.2$0.97$0.58$0.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$1.15$11.7$0.13$0.49$0.37
2019Summary only. Only limited summary data is available for this year.$12.6$1.20$11.4$0.71$0.47$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$1.43$10.7$0.54$0.47$0.07
2017Detailed filing. Detailed filing data is available for this year.$11.5$0.04$11.5$0.56$0.31$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$0.01$10.8$0.32$0.21$0.53
2015Detailed filing. Detailed filing data is available for this year.$11.0$0.14$10.8$5.73$0.09$5.64
2014Detailed filing. Detailed filing data is available for this year.$5.97$0.27$5.70$0.07$0.15$0.22
2013Detailed filing. Detailed filing data is available for this year.$6.08$0.20$5.88$0.00$0.14$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.27$0.17$6.10$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.39$0.14$6.25$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.42$0.07$6.35$0.20