Civic Intelligence

Lake Ridge Elderly Development Inc.

990 • Fiscal year 2017 • EIN 20-8705744

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 05, 2018

Organization Profilewww.fellowshipsquare.org
11260 roger bacon drive ste 503Breston, VA 20190

(703) 860-2536

Siviq Scores

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

Liabilities / Assets

88th percentile

0.88x

Higher debt load relative to assets than 88% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

3.32x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

46th percentile

1.9%

Higher net margin than 46% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

29th percentile

$75,527

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

11th percentile

-8.0%

Faster asset growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

1.2%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$5,972,191

Down $521,041 (-8.0%) from 2016

Net Assets

Up

$695,159

Up $29,580 (+4.4%) from 2016

Liabilities

Down

$5,277,032

Down $550,621 (-9.4%) from 2016

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin46th percentile

Revenue

Up

$1,587,206

Up $18,188 (+1.2%) from 2016

Expenses

Up

$1,557,626

Up $7,165 (+0.5%) from 2016

Net Income

Up

$29,580

Up $11,023 (+59%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $6,505,295Liabilities 2015: $5,858,060Net Assets 2015: $647,2352015Assets 2016: $6,493,232Liabilities 2016: $5,827,653Net Assets 2016: $665,5792016Assets 2017: $5,972,191Liabilities 2017: $5,277,032Net Assets 2017: $695,1592017Assets 2018: $5,658,329Liabilities 2018: $5,205,582Net Assets 2018: $452,7472018Assets 2019: $5,410,018Liabilities 2019: $5,030,598Net Assets 2019: $379,4202019Assets 2020: $5,347,959Liabilities 2020: $4,915,860Net Assets 2020: $432,0992020Assets 2021: $5,154,814Liabilities 2021: $4,741,023Net Assets 2021: $413,7912021Assets 2022: $4,977,031Liabilities 2022: $4,668,934Net Assets 2022: $308,0972022Assets 2023: $5,038,422Liabilities 2023: $4,876,522Net Assets 2023: $161,9002023

Highlighted filing

2017

Assets$5,972,191
Liabilities$5,277,032
Net Assets$695,159
Open 2017 Filing

Operations Trend

Revenue Growth39th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2015: $393,616Expenses 2015: $896,912Net Income 2015: -$503,2962015Revenue 2016: $1,569,018Expenses 2016: $1,550,461Net Income 2016: $18,5572016Revenue 2017: $1,587,206Expenses 2017: $1,557,626Net Income 2017: $29,5802017Revenue 2018: $1,626,346Expenses 2018: $1,821,902Net Income 2018: -$195,5562018Revenue 2019: $1,673,850Expenses 2019: $1,747,177Net Income 2019: -$73,3272019Revenue 2020: $1,757,344Expenses 2020: $1,704,665Net Income 2020: $52,6792020Revenue 2021: $1,728,421Expenses 2021: $1,746,729Net Income 2021: -$18,3082021Revenue 2022: $1,837,167Expenses 2022: $1,865,805Net Income 2022: -$28,6382022Revenue 2023: $1,860,470Expenses 2023: $1,977,967Net Income 2023: -$117,4972023

Highlighted filing

2017

Revenue$1,587,206
Expenses$1,557,626
Net Income$29,580
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 5, 2018
Return Version
2016v3.0
Gross Receipts
$1,587,206
Mission and Program Overview

Mission

The organization provides affordable housing and related support services to the elderly and physically handicapped or disabled persons.

Affordable housing for low income seniors and those physically disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,461,264$4,692,621▲ $231,357
Cash and Non-Interest-Bearing Accounts$500$91,493▲ $90,993
Savings and Temporary Cash Investments$62,135$0▼ $62,135
Investments in Publicly Traded Securities$45,500$46,856▲ $1,356
Accounts Receivable$5,154$21,324▲ $16,170
Total Assets$6,493,232$5,972,191▼ $521,041
Other Assets Total$1,918,679$1,119,897▼ $798,782
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,540,631$5,158,605▼ $382,026
Other Liabilities$120,000$0▼ $120,000
Accounts Payable and Accrued Expenses$133,934$84,676▼ $49,258
Escrow Account Liability$33,088$33,751▲ $663
Total Liabilities$5,827,653$5,277,032▼ $550,621
Net Assets / Fund Balance
Unrestricted Net Assets$665,579$695,159▲ $29,580
Total Net Assets Fund Balance$665,579$695,159▲ $29,580
Total Liabilities and Net Assets / Fund Balance$6,493,232$5,972,191▼ $521,041

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,806,993$4,183,715$7,990,708
Equipment$506,642$146,097$652,739
Land$370,000-$370,000
Other Land Buildings$8,986$44,921$53,907
Other Assets Org$1,325--
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan Hoffler-goodmanAdministratorFT$75,414$113$75,527

Board Members and Trustees

NameTitle
Kenji BrownPresident
Diane ParkerDirector
Douglas SutorDirector
Elizabeth HighDirector
Joanne JohnsonDirector
John GrayDirector
Kathleen HardingDirector
Paul NicholsDirector
Robert AllardDirector
Victor EvansSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Simpson Unlimited INCConstruction11121 INDUSTRIAL ROAD, Manassas, VA 20109$146,157
John G Webster CompanyPlumbing Svc10738 TUCKER STREET, Beltsville, MD 20705$126,268
SUNSET HOME REMODELingREmodelingPO Box 8301, Falls Church, VA 22041$115,060
Schindler ElevatorElevator Svcs.PO BOX 70433, Chicago, IL 60673$106,118
Revenue and Support

Revenue Composition

Contributions and Grants
$30,401
Program Service Revenue
$1,515,840
Investment Income
$2,694
Other Revenue
$38,271
Change in Net Assets
$29,580

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,587,206
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,587,206
Total Revenue per Form 990
$1,587,206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,184,118
Salaries, Compensation, and Employee Benefits$373,508
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$549,933--$549,933
Depreciation Depletion$321,178--$321,178
Other Salaries and Wages$108,197$99,573-$207,770
Fees for Services Other$104,584$41,233-$145,817
Current Officers, Directors, Trustees, and Key Employees-$76,215-$76,215
Fees for Services Management-$70,536-$70,536
Other Employee Benefits$48,725$13,153-$61,878
Office Expenses$2,188$48,348-$50,536
Fees for Services Accounting-$32,149-$32,149
Payroll Taxes$27,645--$27,645
Other Expenses-$9,319-$9,319
Travel$4,176--$4,176
Advertising-$474-$474
Total Functional Expenses$1,166,626$391,000$0$1,557,626

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,557,626
Total Expenses per Audited Statements$1,557,626
Total Expenses per Form 990$1,557,626
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
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“Lake Ridge engaged in a Management Agreement with S.L. Nusbaum as of APRIL 1, 2017 to provide Accounting, Human Resource and Management oversight for the organization. the organization previously had a management contract with National Lutheran Communities & Services.”

Form 990, Part VI, Section A, line 6

“fellowship square foundation, inc. (EIN 52-6067043) is the owner of Lake Ridge Elderly developments inc. according to Lake Ridge's by-laws.”

Form 990, Part VI, Section A, line 7B

“the fellowship square foundation, inc. must approve all decisions made by the Lake Ridge's board of directors.”

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

“internal management employees will perform an initial review. ONCE APPROVED, The WHOLE Board WILL review and approve the 990 Prior to the return being filed.”

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

“the organization's conflict of interest policy requires each director and/or officer to annually disclose his/her knowledge and understanding of the policy which includes the duty of the director and/or officer to disclose to the board of directors any actual or potential conflicts of interest. the board of directors (excluding any member who is party to the conflict) is responsible for reviewing the potential conflict and making the determination if an actual conflict of interest exists. upon knowledge that a conflict was not properly disclosed to the board of directors, appropriate corrective and disciplinary actions shall be taken. individuals party to any conflicts of interest shall be precluded from voting on any matters associated with the arrangement or transaction involving such conflict.”

Form 990, Part VI, Section C, line 19

“the organization makes its conflict of interest policy, governing documents, and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Lake Ridge Elderly Development inc
EIN
20-8705744
Phone
7038602536
Address
11260 roger bacon drive ste 503B, reston, VA 20190

Signing Officer

Name
John Gray
Title
Treasurer
Phone
7038602536
Signed
2018-03-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renee Jakobs
Formed
2014
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
6
Volunteers
100

Preparer

Firm
Baker tilly virchow krause llp
Address
1869 charter lane ste 202, lancaster, PA 17601
Preparer
Kerri N Bogda
Phone
7178467000
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2B

“EMPLOYEEs OF THE FILING ORGANIZATION HAVE THEIR SALARIES REPORTED BY FELLOWSHIP SQUARE FOUNDATION, THE COMMON PAYMASTER FOR THE FILING ORGANIZATION AND AFFILIATES.”

Financial Statement Notes

Part IV, Line 2B:

“the escrow account holds tenant security deposits.”

Part X, Line 2:

“The Corporation accounts for uncertainty in income taxes using a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined there were no tax uncertainties that met the recognition threshold at June 30, 2017 and 2016.”

Raw XML AppendixShowing 400 of 560 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/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt02694
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02694
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt045500
IRS990/InvestmentsPubTradedSecGrp/EOYAmt046856
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04374733
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04461264
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04692621
IRS990/LandBldgEquipCostOrOtherBssAmt09067354
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt0485
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0485
IRS990/MissionDesc0The organization provides affordable housing and related support services to the elderly and physically handicapped or disabled persons.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05540631
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05158605
IRS990/NetAssetsOrFundBalancesBOYAmt0665579
IRS990/NetAssetsOrFundBalancesEOYAmt0695159
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0549933
IRS990/OccupancyGrp/TotalAmt0549933
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt048348
IRS990/OfficeExpensesGrp/ProgramServicesAmt02188
IRS990/OfficeExpensesGrp/TotalAmt050536
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01918679
IRS990/OtherAssetsTotalGrp/EOYAmt01119897
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013153
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt048725
IRS990/OtherEmployeeBenefitsGrp/TotalAmt061878
IRS990/OtherExpensesGrp/Desc0Other employee exp
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09319
IRS990/OtherExpensesGrp/TotalAmt09319
IRS990/OtherLiabilitiesGrp/BOYAmt0120000
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0CABLE TV INCOME
IRS990/OtherRevenueMiscGrp/Desc1Laundry and Vending
IRS990/OtherRevenueMiscGrp/Desc2Tenant Charges
IRS990/OtherRevenueMiscGrp/ExclusionAmt031361
IRS990/OtherRevenueMiscGrp/ExclusionAmt15024
IRS990/OtherRevenueMiscGrp/ExclusionAmt21401
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt031361
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15024
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21401
IRS990/OtherRevenueTotalAmt038271
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt099573
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0108197
IRS990/OtherSalariesAndWagesGrp/TotalAmt0207770
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt027645
IRS990/PayrollTaxesGrp/TotalAmt027645
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RENEE JAKOBS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Tenant Rents
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01515840
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01515840
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt038805
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01047
IRS990/PYOtherExpensesAmt01172916
IRS990/PYOtherRevenueAmt046720
IRS990/PYProgramServiceRevenueAmt01482446
IRS990/PYRevenuesLessExpensesAmt018557
IRS990/PYSalariesCompEmpBnftPaidAmt0377545
IRS990/PYTotalExpensesAmt01550461
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01569018
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt029580
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01515840
IRS990/SavingsAndTempCashInvstGrp/BOYAmt062135
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Laundry and Vending - 2014 Amount: $ 1,382. 2015 Amount: $ 4,279. 2016 Amount: $ 5,024. Beauty Shop Income - 2014 Amount: $ 134. 2015 Amount: $ 11,556. 2016 Amount: $ 386. Tenant Charges - 2014 Amount: $ 55. 2015 Amount: $ 291. 2016 Amount: $ 1,401. Miscellaneous Income - 2014 Amount: $ 26. 2016 Amount: $ 99. Cable TV Income - 2014 Amount: $ 7,688. 2015 Amount: $ 30,595. 2016 Amount: $ 31,361.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt030401
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt038805
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt069206
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02694
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01047
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0195
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03936
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01515840
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01482446
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0384136
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03382422
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02694
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0195
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03936
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt038271
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt046721
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt09285
IRS990ScheduleA/OtherIncome509Grp/TotalAmt094277
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt03451628
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01546241
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01521251
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0384136
IRS990ScheduleA/Total509Grp/TotalAmt03451628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01587206
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01569019
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0393616
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03549841
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03806993
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04183715
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07990708
IRS990ScheduleD/EquipmentGrp/BookValueAmt0506642
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0146097
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0652739
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01557626
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0370000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0370000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt033750
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1389052
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2695770
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31325
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant Deposits Held in Trust
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Mortgage Escrow Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Reserve for Replacements
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Residual Receipts Reserve
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08986
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt044921
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt053907
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01587206
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0the escrow account holds tenant security deposits.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Corporation accounts for uncertainty in income taxes using a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined there were no tax uncertainties that met the recognition threshold at June 30, 2017 and 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04692621
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01119897
IRS990ScheduleD/TotalExpensesPerForm990Amt01557626
IRS990ScheduleD/TotalRevenuePerForm990Amt01587206
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01587206
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01557626

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Filings

Displayed year

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

Open filing
Assets
$5,972,191
Liabilities
$5,277,032
Net assets
$695,159
Revenue
$1,587,206
Expenses
$1,557,626
Net income
$29,580
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$5.04$4.88$0.16$1.86$1.98$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.98$4.67$0.31$1.84$1.87$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.15$4.74$0.41$1.73$1.75$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.35$4.92$0.43$1.76$1.70$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.41$5.03$0.38$1.67$1.75$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.66$5.21$0.45$1.63$1.82$0.20
2017Detailed filing. Detailed filing data is available for this year.$5.97$5.28$0.70$1.59$1.56$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.49$5.83$0.67$1.57$1.55$0.02
2015Detailed filing. Detailed filing data is available for this year.$6.51$5.86$0.65$0.39$0.90$0.50