Civic Intelligence

Council Towers V Housing Development Fund Corporation C/O Met Council

990 • Fiscal year 2016 • EIN 20-5686282

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 20, 2017

Organization Profilewww.metcouncil.org
77 Water Street 7th FloorNew York, NY 10005

(212) 453-9500

Siviq Scores

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

Liabilities / Assets

81st percentile

1.05x

Higher debt load relative to assets than 81% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

23.21x

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

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Net Margin

4th percentile

-87%

Higher net margin than 4% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

71st percentile

$336,720

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 50.0% of source-year revenue.

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Asset Growth

18th percentile

-4.5%

Faster asset growth than 18% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

27th percentile

-4.4%

Faster revenue growth than 27% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$14,913,277

Down $705,778 (-4.5%) from 2015

Net Assets

Down

-$724,164

Down $586,120 (-425%) from 2015

Liabilities

Down

$15,637,441

Down $119,658 (-0.8%) from 2015

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin4th percentile

Revenue

Down

$673,644

Down $31,183 (-4.4%) from 2015

Expenses

Up

$1,259,764

Up $24,830 (+2.0%) from 2015

Net Income

Down

-$586,120

Down $56,013 (-11%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$20M$10M$0-$10MAssets 2010: $8,951,866Liabilities 2010: $7,916,162Net Assets 2010: $1,035,7042010Assets 2011: $18,029,942Liabilities 2011: $15,929,212Net Assets 2011: $2,100,7302011Assets 2012: $17,253,706Liabilities 2012: $15,737,113Net Assets 2012: $1,516,5932012Assets 2013: $16,599,239Liabilities 2013: $15,644,946Net Assets 2013: $954,2932013Assets 2014: $16,051,980Liabilities 2014: $15,659,917Net Assets 2014: $392,0632014Assets 2015: $15,619,055Liabilities 2015: $15,757,099Net Assets 2015: -$138,0442015Assets 2016: $14,913,277Liabilities 2016: $15,637,441Net Assets 2016: -$724,1642016Assets 2017: $14,357,256Liabilities 2017: $15,666,116Net Assets 2017: -$1,308,8602017Assets 2018: $13,624,557Liabilities 2018: $15,683,857Net Assets 2018: -$2,059,3002018Assets 2019: $13,095,393Liabilities 2019: $15,737,988Net Assets 2019: -$2,642,5952019Assets 2020: $12,583,847Liabilities 2020: $15,888,749Net Assets 2020: -$3,304,9022020Assets 2021: $12,030,823Liabilities 2021: $16,033,733Net Assets 2021: -$4,002,9102021Assets 2022: $11,519,321Liabilities 2022: $16,281,671Net Assets 2022: -$4,762,3502022Assets 2023: $11,007,892Liabilities 2023: $16,512,965Net Assets 2023: -$5,505,0732023Assets 2024: $10,946,054Liabilities 2024: $16,683,978Net Assets 2024: -$5,737,9242024

Highlighted filing

2016

Assets$14,913,277
Liabilities$15,637,441
Net Assets-$724,164
Open 2016 Filing

Operations Trend

Revenue Growth27th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $02010Expenses 2011: $35,0132011Expenses 2012: $1,276,2162012Revenue 2013: $699,272Expenses 2013: $1,261,572Net Income 2013: -$562,3002013Revenue 2014: $689,442Expenses 2014: $1,251,672Net Income 2014: -$562,2302014Revenue 2015: $704,827Expenses 2015: $1,234,934Net Income 2015: -$530,1072015Revenue 2016: $673,644Expenses 2016: $1,259,764Net Income 2016: -$586,1202016Revenue 2017: $669,647Expenses 2017: $1,254,343Net Income 2017: -$584,6962017Revenue 2018: $743,999Expenses 2018: $1,494,439Net Income 2018: -$750,4402018Revenue 2019: $792,808Expenses 2019: $1,376,103Net Income 2019: -$583,2952019Revenue 2020: $834,305Expenses 2020: $1,496,612Net Income 2020: -$662,3072020Revenue 2021: $804,485Expenses 2021: $1,502,493Net Income 2021: -$698,0082021Revenue 2022: $755,036Expenses 2022: $1,514,476Net Income 2022: -$759,4402022Revenue 2023: $796,228Expenses 2023: $1,538,951Net Income 2023: -$742,7232023Revenue 2024: $1,548,857Expenses 2024: $1,781,708Net Income 2024: -$232,8512024

Highlighted filing

2016

Revenue$673,644
Expenses$1,259,764
Net Income-$586,120
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 20, 2017
Return Version
2016v3.0
Gross Receipts
$673,644
Mission and Program Overview

Mission

To provide subsidized rental apartments for seniors and lower income indivudals.

To provide Subsidized rental apartments for seniors and lower income individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,914,175$14,273,507▼ $640,668
Savings and Temporary Cash Investments$151,046$44,864▼ $106,182
Cash and Non-Interest-Bearing Accounts$64,421$22,203▼ $42,218
Prepaid Expenses and Deferred Charges$18,695$18,252▼ $443
Accounts Receivable$4,112$6,768▲ $2,656
Total Assets$15,619,055$14,913,277▼ $705,778
Other Assets Total$466,606$547,683▲ $81,077
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,537,526$15,537,526→ $0
Accounts Payable and Accrued Expenses$107,143$62,705▼ $44,438
Other Liabilities$109,163$33,082▼ $76,081
Deferred Revenue$3,267$4,128▲ $861
Total Liabilities$15,757,099$15,637,441▼ $119,658
Net Assets / Fund Balance
Unrestricted Net Assets$-138,044$-724,164▼ $586,120
Total Net Assets Fund Balance$-138,044$-724,164▼ $586,120
Total Liabilities and Net Assets / Fund Balance$15,619,055$14,913,277▼ $705,778

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,249,192$3,160,054$17,409,246
Other Land Buildings$11,622$29,051$40,673
Equipment$12,692$8,965$21,657
Land$1-$1
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleOtherTotal
david m frankelOUTGOING vice president/CEO$8,519$8,519

Board Members and Trustees

NameTitle
abraham bidermanpresident
Gerald E Feldhamerdirector
Scott Weinerdirector
Stacey Scheinbergdirector
robert goodmandirector
Benjamin Rouahoutgoing director
Joseph Strasburgoutgoing director
Richard Runesoutgoing director
Alan SchoorCEO
Matthew LocurtoCFO
George RushOutgoing CONTRACTED CFO
linda spitzersecretary
benjamin lopatatreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$667,532
Investment Income
$2,812
Other Revenue
$3,300
Change in Net Assets
$-586,120

Audited Revenue Reconciliation

Revenue per Audited Statements
$673,644
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$673,644
Total Revenue per Form 990
$673,644
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,259,764
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
Depreciation Depletion$640,668--$640,668
Fees for Services Management$241,790--$241,790
Occupancy$126,386--$126,386
Fees for Services Accounting$16,800$16,050-$32,850
Insurance$32,795--$32,795
Fees for Services Other$28,007--$28,007
Office Expenses$24,916--$24,916
Fees for Services Legal$6,483--$6,483
Other Expenses$213--$213
Interest$60--$60
Total Functional Expenses$1,243,714$16,050$0$1,259,764

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,259,764
Total Expenses per Audited Statements$1,259,764
Total Expenses per Form 990$1,259,764
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
DUE TO affiliates$19,529
Tenant Security Payable$13,426
Utility Allowances$127
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“DURING 2016, THE ROLE OF CFO WAS OUTSOURCED TO GR CONSULTING LLC. The consulting fees for those services were PAID by the parent organization METROPOLITAN NEW YORK COORDINATING COUNCIL ON JEWISH POVERTY (EIN 13-2738818) and not the filing organization. Therefore, all the details of this arrangement are described on the parent's tax return.”

Form 990, Part VI, Section A, line 8B

“THE ORGANIZATION DID NOT HAVE ANY committee MEETINGS DURING THE YEAR.”

Form 990, Part VI, Section B, line 11B

“The 990 is prepared by an independent accountant. It is then reviewed by the organization's governing body. After the review, form 990 is filed with the irs.”

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

“All officers and directors complete nyc vendex conflict of interest form annually. No purchases are allowed from any business affiliated with employees or board members.”

Form 990, Part VI, Section C, line 19

“THE DOCUMENTS ARE AVAILABLE upon REQUEST.”

Filing and Contact Details

Filer

Filer Name
Council Towers V Housing Development
EIN
20-5686282
Phone
2124539500
Address
77 Water Street 7th Floor, New York, NY 10005

Signing Officer

Name
Alan Schoor
Title
CEO
Phone
2124539500
Signed
2017-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Schoor
Formed
2006
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
1301 AVENUE OF THE AMERICAS, NEW YORK, NY 10019
Preparer
Thomas Lanning
Phone
2122970400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. Informational returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. While no informational returns are currently being examined by the Internal Revenue Service, tax years since 2013 remain open.”

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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/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03198070
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014914175
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014273507
IRS990/LandBldgEquipCostOrOtherBssAmt017471577
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE SUBSIDIZED RENTAL APARTMENTS FOR SENIORS AND LOWER INCOME INDIVUDALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt015537526
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt015537526
IRS990/NetAssetsOrFundBalancesBOYAmt0-138044
IRS990/NetAssetsOrFundBalancesEOYAmt0-724164
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0126386
IRS990/OccupancyGrp/TotalAmt0126386
IRS990/OfficeExpensesGrp/ProgramServicesAmt024916
IRS990/OfficeExpensesGrp/TotalAmt024916
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0466606
IRS990/OtherAssetsTotalGrp/EOYAmt0547683
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SECURITY
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2Permits
IRS990/OtherExpensesGrp/ProgramServicesAmt0110398
IRS990/OtherExpensesGrp/ProgramServicesAmt115198
IRS990/OtherExpensesGrp/ProgramServicesAmt2213
IRS990/OtherExpensesGrp/TotalAmt0110398
IRS990/OtherExpensesGrp/TotalAmt115198
IRS990/OtherExpensesGrp/TotalAmt2213
IRS990/OtherLiabilitiesGrp/BOYAmt0109163
IRS990/OtherLiabilitiesGrp/EOYAmt033082
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING in
IRS990/OtherRevenueMiscGrp/ExclusionAmt03300
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03300
IRS990/OtherRevenueTotalAmt03300
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018695
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018252
IRS990/PrincipalOfficerNm0Alan Schoor
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531190
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0667532
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0667532
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02371
IRS990/PYOtherExpensesAmt01234934
IRS990/PYOtherRevenueAmt033300
IRS990/PYProgramServiceRevenueAmt0669156
IRS990/PYRevenuesLessExpensesAmt0-530107
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01234934
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0704827
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-586120
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0667532
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0151046
IRS990/SavingsAndTempCashInvstGrp/EOYAmt044864
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt024096
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt024096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02812
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02371
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01041
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01116
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0252
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07592
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0667532
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0669156
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0670225
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0670760
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0687426
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03365099
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02812
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02371
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01116
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0252
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07592
IRS990ScheduleA/InvestmentIncomeCYPct00.00220
IRS990ScheduleA/InvestmentIncomePYPct00.00180
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt033300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt018176
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04401
IRS990ScheduleA/OtherIncome509Grp/TotalAmt062477
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97970
IRS990ScheduleA/PublicSupportPY509Pct00.97750
IRS990ScheduleA/PublicSupportTotal509Amt03389195
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0667532
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0669156
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0670225
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0694856
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0687426
IRS990ScheduleA/Total509Grp/TotalAmt03389195
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0673644
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0704827
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0689442
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0699272
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0692079
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03459264
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt014249192
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03160054
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017409246
IRS990ScheduleD/EquipmentGrp/BookValueAmt012692
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08965
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt021657
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01259764
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011622
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt029051
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt040673
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013426
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119529
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2127
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO affiliates
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UTILITY ALLOWANCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0673644
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. Informational returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. While no informational returns are currently being examined by the Internal Revenue Service, tax years since 2013 remain open.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014273507
IRS990ScheduleD/TotalExpensesPerForm990Amt01259764
IRS990ScheduleD/TotalLiabilityAmt033082
IRS990ScheduleD/TotalRevenuePerForm990Amt0673644
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0673644
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01259764
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$14,913,277
Liabilities
$15,637,441
Net assets
-$724,164
Revenue
$673,644
Expenses
$1,259,764
Net income
-$586,120
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$16.7$5.74$1.55$1.78$0.23
2023Summary only. Only limited summary data is available for this year.$11.0$16.5$5.51$0.80$1.54$0.74
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$16.3$4.76$0.76$1.51$0.76
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$16.0$4.00$0.80$1.50$0.70
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$15.9$3.30$0.83$1.50$0.66
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$15.7$2.64$0.79$1.38$0.58
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.6$15.7$2.06$0.74$1.49$0.75
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$15.7$1.31$0.67$1.25$0.58
2016Detailed filing. Detailed filing data is available for this year.$14.9$15.6$0.72$0.67$1.26$0.59
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.6$15.8$0.14$0.70$1.23$0.53
2014Detailed filing. Detailed filing data is available for this year.$16.1$15.7$0.39$0.69$1.25$0.56
2013Detailed filing. Detailed filing data is available for this year.$16.6$15.6$0.95$0.70$1.26$0.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$15.7$1.52$1.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$15.9$2.10$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.95$7.92$1.04$0.00