Victory Crest Inc

990 • Fiscal year 2016 • EIN 20-8067069

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 29, 2016

Organization Profile N/A

11400 Rockville Pike /Rockville, MD 20852

(301) 493-6000

Siviq Scores

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

0.18x

Higher debt load relative to assets than 51% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

2.98x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

-49%

Higher net margin than 7% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

$365,893

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 84.0% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

-3.6%

Faster asset growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

0.7%

Faster revenue growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / Assets51st percentile

Assets

Down

$7,097,171

Down $261,421 (-3.6%) from 2015

Net Assets

Down

$5,799,912

Down $211,935 (-3.5%) from 2015

Liabilities

Down

$1,297,259

Down $49,486 (-3.7%) from 2015

Revenue And Expenses

Liabilities / Revenue90th percentile Net Margin7th percentile

Revenue

$435,357

Up $3,007 (+0.7%) from 2015

Expenses

Down

$647,292

Down $145,545 (-18%) from 2015

Net Income

-$211,935

Up $148,552 (+41%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

Highlighted filing

2016

Assets$7,097,171

Liabilities$1,297,259

Net Assets$5,799,912

Open 2016 Filing

Operations Trend

Revenue Growth43rd percentile

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

Highlighted filing

2016

Revenue$435,357

Expenses$647,292

Net Income-$211,935

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2015 to Jun 30, 2016
Signed: Sep 29, 2016
Return Version: 2015v2.0
Gross Receipts: $435,357

Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$6,931,003	$6,684,066	▼ $246,937
Cash and Non-Interest-Bearing Accounts	$57,392	$136,149	▲ $78,757
Accounts Receivable	$3,763	$1,250	▼ $2,513
Savings and Temporary Cash Investments	-	$0	-
Other Notes and Loans Receivable, Net	-	$0	-
Pledges and Grants Receivable	-	$0	-
Receivable From Disqualified Prsn	-	$0	-
Receivables From Officers Etc	-	$0	-
Investments Other Securities	-	$0	-
Investments Program Related	-	$0	-
Investments in Publicly Traded Securities	-	$0	-
Intangible Assets	-	$0	-
Inventories for Sale or Use	-	$0	-
Prepaid Expenses and Deferred Charges	-	$0	-
Total Assets	$7,358,592	$7,097,171	▼ $261,421
Other Assets Total	$366,434	$275,706	▼ $90,728
Liabilities
Mortgage Notes Payable Secured by Investment Property	$1,170,000	$1,137,500	▼ $32,500
Other Liabilities	$165,106	$92,939	▼ $72,167
Accounts Payable and Accrued Expenses	$11,639	$66,820	▲ $55,181
Total Liabilities	$1,346,745	$1,297,259	▼ $49,486
Net Assets / Fund Balance
Unrestricted Net Assets	$6,011,847	$5,799,912	▼ $211,935
Total Net Assets Fund Balance	$6,011,847	$5,799,912	▼ $211,935
Total Liabilities and Net Assets / Fund Balance	$7,358,592	$7,097,171	▼ $261,421

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$5,471,972	$933,440	$6,405,412
Leasehold Improvements	$628,460	$399,929	$1,028,389
Land	$583,634	-	$583,634
Other Land Buildings	-	$365,968	$365,968
Equipment	-	$2,404	$2,404

Compensation and Service Providers

Top Officer Pay92nd percentile

Board Members and Trustees

Name	Title
Paul E Johnson Jr	Chairman
James a Brown Jr	President
John D Spencer	Vice President
Eric Simontis	Director
Most Rev Barry Knestout	Director
Rev Msgr Ralph Kuehner	Director
Jeffrey Blackwell	Asst Secretary
KATHLEEN McWILLIAMS	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $435,186
Investment Income: $171
Other Revenue: $0
Change in Net Assets: $-211,935

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$591,293
Salaries, Compensation, and Employee Benefits	$55,999
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Depreciation Depletion	$246,937	-	-	$246,937
All Other Expenses	$56,653	$2,160	-	$58,813
Other Salaries and Wages	$38,691	-	-	$38,691
Fees for Services Management	-	$29,119	-	$29,119
Other Expenses	$29,089	-	-	$29,089
Office Expenses	$12,877	-	-	$12,877
Other Employee Benefits	$10,919	-	-	$10,919
Fees for Services Accounting	-	$9,600	-	$9,600
Fees for Services Legal	$9,558	-	-	$9,558
Payroll Taxes	$6,389	-	-	$6,389
Advertising	$636	-	-	$636
Travel	$150	-	-	$150
Total Functional Expenses	$606,413	$40,879	$0	$647,292

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

Loans and Receivables

Line Item	Beginning	End	Change
Receivables from Disqualified Persons	-	$0	-
Receivables from Officers, Directors, Trustees, and Key Employees	-	$0	-

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
Andrew Kim House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Avondale Park Apartments Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Bartholomew House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Byron House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Cambridge Apartments Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Ccs Housing Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Cheval Court Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Grace House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Malta House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Manor Apartments Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Marian Assisted Living Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Palmer Park Seniors Housing Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Raphael Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Rollingcrest Commons Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Takoma Tower Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Trinity Terrace Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Brookside Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Court Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Crest Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Heights Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Housing Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Lakeside Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Oaksinc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Terrace Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Winslow House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
Parkside Seniorlp	Rockville, MD	Real Estate	-	$3,541	0.01%	Yes
Victory Woods LLC	Rockville, MD	Real Estate	$-55	$2,426	0.01%	Yes
Hampshire Village Assoc Lp	Rockville, MD	Real Estate	$-97	$1,540	0.00%	Yes
Victory Forest Lp	Rockville, MD	Real Estate	$-10	$1,255	0.01%	Yes
Covenant Village Lp	Germantown, MD	Real Estate	$-15	$1,141	0.01%	Yes
Victory La Plata Lp	Rockville, MD	Real Estate	$-44	$1,080	0.01%	Yes
Takoma Tower Lp	Rockville, MD	Real Estate	$-3	$1,059	0.01%	Yes
Covenant Village Gp LLC	Germantown, MD	Real Estate	$-26	$949	25%	Yes
Victory Terrace Lp	Rockville, MD	Real Estate	$-42	$731	0.01%	Yes
St Martins Apartments Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Crossing Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Parkfair Associates LLC	Rockville, MD	Real Estate	$5,170	$2,954,621	Victory Entr
Victory Enterprises Inc	Rockville, MD	Real Estate	$5,170	$2,954,621	Victory Hsg
Ccs - St Martins Apartments LLC	Rockville, MD	Real Estate	$-97	$3,541	Victory Hsg
Victory-hampshire LLC	Rockville, MD	Real Estate	$-44	$2,426	Victory Hsg

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Misc Current Liabilities	$65,443
Resident Security Deposits	$25,696
Misc. Long-term Liabilities	$1,800

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Audit committee: No
Backup withholding compliance: No
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, Line 11B: Form 990 Review Process

“Draft of form 990 is provided to board members for review and approval prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name: Victory Crest Inc
EIN: 20-8067069
Phone: 3014936000
Address: 11400 ROCKVILLE PIKE /, ROCKVILLE, MD 20852

Signing Officer

Name: James A Brown Jr
Title: President
Signed: 2016-09-29

Organization Details

Principal Officer: James a Brown Jr
Formed: 2006
Legal Domicile: Md
Voting Board Members: 7
Independent Board Members: 5
Employees: 0

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IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	6684066
IRS990/LandBldgEquipCostOrOtherBssAmt	0	8385807
IRS990/LegalDomicileStateCd	0	MD
IRS990/LicensedMoreThanOneStateInd	0	false
IRS990/LoanOutstandingInd	0	false
IRS990/LobbyingActivitiesInd	0	false
IRS990/LocalChaptersInd	0	false
IRS990/MaterialDiversionOrMisuseInd	0	false
IRS990/MembersOrStockholdersInd	0	false
IRS990/MethodOfAccountingAccrualInd	0	X
IRS990/MinutesOfCommitteesInd	0	false
IRS990/MinutesOfGoverningBodyInd	0	true
IRS990/MissionDesc	0	AFFORDABLE HOUSING AND SERVICES
IRS990/MoreThan5000KToIndividualsInd	0	false
IRS990/MoreThan5000KToOrgInd	0	false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt	0	1170000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	1137500
IRS990/NetAssetsOrFundBalancesBOYAmt	0	6011847
IRS990/NetAssetsOrFundBalancesEOYAmt	0	5799912
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt	0	0
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt	0	0
IRS990/NondeductibleContributionsInd	0	false
IRS990/OccupancyGrp/TotalAmt	0	0
IRS990/OfficeExpensesGrp/ProgramServicesAmt	0	12877
IRS990/OfficeExpensesGrp/TotalAmt	0	12877
IRS990/OfficerMailingAddressInd	0	false
IRS990/OnBehalfOfIssuerInd	0	false
IRS990/OperateHospitalInd	0	false
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsSFAS117Ind	0	X
IRS990/OrgFiledInLieuOfForm1041Ind	0	false
IRS990/OtherAssetsTotalGrp/BOYAmt	0	366434
IRS990/OtherAssetsTotalGrp/EOYAmt	0	275706
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	10919
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	10919
IRS990/OtherExpensesGrp/Desc	0	REPAIRS / MAINTENANCE
IRS990/OtherExpensesGrp/Desc	1	UTILITIES
IRS990/OtherExpensesGrp/Desc	2	EXCESS RESIDUAL RECEIPTS
IRS990/OtherExpensesGrp/Desc	3	HAZARD INSURANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	107725
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	47790
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	38999
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	29089
IRS990/OtherExpensesGrp/TotalAmt	0	107725
IRS990/OtherExpensesGrp/TotalAmt	1	47790
IRS990/OtherExpensesGrp/TotalAmt	2	38999
IRS990/OtherExpensesGrp/TotalAmt	3	29089
IRS990/OtherLiabilitiesGrp/BOYAmt	0	165106
IRS990/OtherLiabilitiesGrp/EOYAmt	0	92939
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	38691
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	38691
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	6389
IRS990/PayrollTaxesGrp/TotalAmt	0	6389
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	0
IRS990/PrincipalOfficerNm	0	JAMES A BROWN JR
IRS990/ProfessionalFundraisingInd	0	false
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	1	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	2	531110
IRS990/ProgramServiceRevenueGrp/Desc	0	AFFORDABLE HOUSING
IRS990/ProgramServiceRevenueGrp/Desc	1	Fees & Contracts Gov Agencies
IRS990/ProgramServiceRevenueGrp/Desc	2	MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	153047
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	274954
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	7185
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	153047
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	274954
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	7185
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYInvestmentIncomeAmt	0	150
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	741850
IRS990/PYProgramServiceRevenueAmt	0	432200
IRS990/PYRevenuesLessExpensesAmt	0	-360487
IRS990/PYSalariesCompEmpBnftPaidAmt	0	50987
IRS990/PYTotalExpensesAmt	0	792837
IRS990/PYTotalRevenueAmt	0	432350
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-211935
IRS990/RegularMonitoringEnfrcInd	0	true
IRS990/RelatedEntityInd	0	true
IRS990/RelatedOrganizationCtrlEntInd	0	false
IRS990/ReportInvestmentsOtherSecInd	0	false
IRS990/ReportLandBuildingEquipmentInd	0	true
IRS990/ReportOtherAssetsInd	0	false
IRS990/ReportOtherLiabilitiesInd	0	true
IRS990/ReportProgramRelatedInvstInd	0	false
IRS990/RoyaltiesGrp/TotalAmt	0	0
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt	0	0
IRS990/SavingsAndTempCashInvstGrp/EOYAmt	0	0
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	212174
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	212174
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	171
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	150
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	107
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	147
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	54
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	629
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	428001
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	426017
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	426844
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	428272
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	429077
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	2138211
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	171
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	150
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	107
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	147
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	54
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	629
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00030
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	7185
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	6183
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	5516
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	6077
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	4299
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	29260
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.98740
IRS990ScheduleA/PublicSupportPY509Pct	0	0.99220
IRS990ScheduleA/PublicSupportTotal509Amt	0	2350385
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	428001
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	426017
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	426844
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	428272
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	641251
IRS990ScheduleA/Total509Grp/TotalAmt	0	2350385
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	435357
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	432350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	432467
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	434496
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	645604
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	2380274
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	5471972
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	933440
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	6405412
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	2404
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	2404
IRS990ScheduleD/LandGrp/BookValueAmt	0	583634
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	583634
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	628460
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	399929
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	1028389
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	365968
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	365968
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	65443
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	1800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	25696
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	MISC CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	MISC. LONG-TERM LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	2	RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	6684066
IRS990ScheduleD/TotalLiabilityAmt	0	92939
IRS990ScheduleJ/AnyNonFixedPaymentsInd	0	false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd	0	false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd	0	false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd	0	false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd	0	false
IRS990ScheduleJ/EquityBasedCompArrngmInd	0	false
IRS990ScheduleJ/InitialContractExceptionInd	0	false
IRS990ScheduleJ/RebuttablePresumptionProcInd	0	false
IRS990/ScheduleJRequiredInd	0	true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	0	365893
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	1	161929
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	2	205246
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	0	JAMES A BROWN JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	1	JEFFREY BLACKWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	2	JOHN D SPENCER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	0	President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	1	ASST SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	2	Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	0	365893
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	1	161929
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	2	205246
IRS990ScheduleJ/SeverancePaymentInd	0	false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd	0	false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing

Assets: $7,097,171
Liabilities: $1,297,259
Net assets: $5,799,912
Revenue: $435,357
Expenses: $647,292
Net income: -$211,935

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$5.33	$0.99	$4.33	$0.54	$0.71	$0.17
2023Summary only. Only limited summary data is available for this year.	$5.56	$1.00	$4.56	$0.49	$0.67	$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$5.79	$1.05	$4.74	$0.47	$0.64	$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$5.97	$1.06	$4.91	$0.45	$0.62	$0.17
2020Summary only. Only limited summary data is available for this year.	$6.14	$1.06	$5.08	$0.44	$0.63	$0.19
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.	$6.37	$1.10	$5.27	$0.43	$0.62	$0.19
2018Summary only. Only limited summary data is available for this year.	$6.57	$1.11	$5.46	$0.43	$0.60	$0.17
2017Summary only. Only limited summary data is available for this year.	$6.85	$1.22	$5.63	$0.43	$0.61	$0.17
2016Detailed filing. Detailed filing data is available for this year.	$7.10	$1.30	$5.80	$0.44	$0.65	$0.21
2015Detailed filing. Detailed filing data is available for this year.	$7.36	$1.35	$6.01	$0.43	$0.79	$0.36
2014Detailed filing. Detailed filing data is available for this year.	$7.63	$1.25	$6.37	$0.43	$0.63	$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$7.86	$1.29	$6.57		$0.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$8.09	$1.33	$6.76		$0.64
2011Summary only. Only limited summary data is available for this year.	$8.31	$1.56	$6.75	$1.05	$0.49	$0.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$7.93	$2.47	$5.46		$0.01