Civic Intelligence

Lutheran Housing Incorporated Luther Arms

990 • Fiscal year 2019 • EIN 22-2218647

Jan 01, 2019 to Dec 31, 2019 • Filed on May 12, 2020

Organization ProfileWWW.LUTHERARMS.COM
323 South Broad StreetTrenton, NJ 08608

(609) 392-5628

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.42x

Higher debt load relative to assets than 73% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

0.82x

Higher debt load relative to revenue than 79% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

66th percentile

8.6%

Faster asset growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

48th percentile

3.2%

Faster revenue growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$6,308,288

Up $499,844 (+8.6%) from 2018

Net Assets

Up

$3,646,488

Up $582,230 (+19%) from 2018

Liabilities

Down

$2,661,800

Down $82,386 (-3.0%) from 2018

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin76th percentile

Revenue

Up

$3,234,881

Up $101,515 (+3.2%) from 2018

Expenses

Down

$2,652,651

Down $84,448 (-3.1%) from 2018

Net Income

Up

$582,230

Up $185,963 (+47%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$10M$5.0M$0Assets 2010: $3,588,066Liabilities 2010: $3,008,272Net Assets 2010: $579,7942010Assets 2011: $3,903,037Liabilities 2011: $2,729,523Net Assets 2011: $1,173,5142011Assets 2012: $4,374,241Liabilities 2012: $2,536,985Net Assets 2012: $1,837,2562012Assets 2013: $4,856,550Liabilities 2013: $2,504,287Net Assets 2013: $2,352,2632013Assets 2014: $6,287,000Liabilities 2014: $3,492,641Net Assets 2014: $2,794,3592014Assets 2015: $6,466,335Liabilities 2015: $3,497,817Net Assets 2015: $2,968,5182015Assets 2016: $5,612,419Liabilities 2016: $2,856,916Net Assets 2016: $2,755,5032016Assets 2017: $5,526,209Liabilities 2017: $2,858,218Net Assets 2017: $2,667,9912017Assets 2018: $5,808,444Liabilities 2018: $2,744,186Net Assets 2018: $3,064,2582018Assets 2019: $6,308,288Liabilities 2019: $2,661,800Net Assets 2019: $3,646,4882019Assets 2020: $7,113,723Liabilities 2020: $2,837,810Net Assets 2020: $4,275,9132020Assets 2021: $7,552,554Liabilities 2021: $2,589,031Net Assets 2021: $4,963,5232021Assets 2022: $8,257,235Liabilities 2022: $2,642,810Net Assets 2022: $5,614,4252022Assets 2023: $9,088,802Liabilities 2023: $2,562,998Net Assets 2023: $6,525,8042023Assets 2024: $9,943,645Liabilities 2024: $2,622,954Net Assets 2024: $7,320,6912024

Highlighted filing

2019

Assets$6,308,288
Liabilities$2,661,800
Net Assets$3,646,488
Open 2019 Filing

Operations Trend

Revenue Growth48th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,332,6032010Revenue 2011: $2,892,388Expenses 2011: $2,298,668Net Income 2011: $593,7202011Revenue 2012: $2,895,970Expenses 2012: $2,232,228Net Income 2012: $663,7422012Revenue 2013: $2,945,098Expenses 2013: $2,430,091Net Income 2013: $515,0072013Revenue 2014: $2,954,314Expenses 2014: $2,512,218Net Income 2014: $442,0962014Revenue 2015: $2,911,510Expenses 2015: $2,737,351Net Income 2015: $174,1592015Revenue 2016: $3,049,117Expenses 2016: $3,262,132Net Income 2016: -$213,0152016Revenue 2017: $3,052,433Expenses 2017: $3,139,945Net Income 2017: -$87,5122017Revenue 2018: $3,133,366Expenses 2018: $2,737,099Net Income 2018: $396,2672018Revenue 2019: $3,234,881Expenses 2019: $2,652,651Net Income 2019: $582,2302019Revenue 2020: $3,184,731Expenses 2020: $2,555,306Net Income 2020: $629,4252020Revenue 2021: $3,344,139Expenses 2021: $2,656,529Net Income 2021: $687,6102021Revenue 2022: $3,283,485Expenses 2022: $2,632,583Net Income 2022: $650,9022022Revenue 2023: $3,583,587Expenses 2023: $2,672,208Net Income 2023: $911,3792023Revenue 2024: $3,920,532Expenses 2024: $3,125,645Net Income 2024: $794,8872024

Highlighted filing

2019

Revenue$3,234,881
Expenses$2,652,651
Net Income$582,230
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 12, 2020
Return Version
2019v5.1
Gross Receipts
$3,236,053
Mission and Program Overview

Mission

Low-income housing for senior citizens and handicapped persons under section 8 of the national housing act

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,724,804$2,867,222▲ $142,418
Savings and Temporary Cash Investments$300,303$360,596▲ $60,293
Prepaid Expenses and Deferred Charges$64,894$55,919▼ $8,975
Cash and Non-Interest-Bearing Accounts$390,420$36,061▼ $354,359
Accounts Receivable$2,473$7,793▲ $5,320
Total Assets$5,808,444$6,308,288▲ $499,844
Other Assets Total$2,325,550$2,980,697▲ $655,147
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,525,490$2,489,501▼ $35,989
Accounts Payable and Accrued Expenses$166,708$122,954▼ $43,754
Other Liabilities$41,161$40,737▼ $424
Deferred Revenue$10,827$8,608▼ $2,219
Total Liabilities$2,744,186$2,661,800▼ $82,386
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,064,258$3,646,488▲ $582,230
Total Net Assets Fund Balance$3,064,258$3,646,488▲ $582,230
Total Liabilities and Net Assets / Fund Balance$5,808,444$6,308,288▲ $499,844

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$231,544$4,820,337$5,051,881
Leasehold Improvements$2,175,507$1,836,770$4,012,277
Other Land Buildings$269,440$378,572$648,012
Equipment$42,821$370,178$412,999
Land$147,910-$147,910
Other Assets Org$40,922--
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Lawrence CorrinPresident
Dennis MckithenVice President
Albert CowellTrustee
David SmithTrustee
Debra BurdTrustee
Dick SwordTrustee
Raymond KolisonTrustee
Rosie JacksonTrustee
Bruce BaumgartenSecretary
Jonathan MuellerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$55,561
Program Service Revenue
$3,126,749
Investment Income
$52,571
Other Revenue
$0
Change in Net Assets
$582,230

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,234,881
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,234,881
Total Revenue per Form 990
$3,234,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,154,145
Salaries, Compensation, and Employee Benefits$498,506
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$273,489$91,785-$365,274
All Other Expenses$293,197$35,198-$328,395
Depreciation Depletion$234,672--$234,672
Other Expenses$172,466--$172,466
Interest$131,458--$131,458
Insurance$122,489--$122,489
Fees for Services Management-$121,472-$121,472
Other Employee Benefits$67,408$22,622-$90,030
Office Expenses-$44,341-$44,341
Payroll Taxes$32,346$10,856-$43,202
Advertising-$30,512-$30,512
Fees for Services Other-$23,325-$23,325
Fees for Services Accounting-$13,050-$13,050
Conferences and Meetings-$8,486-$8,486
Fees for Services Legal-$2,621-$2,621
Total Functional Expenses$2,248,383$404,268$0$2,652,651

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,652,651
Total Expenses per Audited Statements$2,652,651
Total Expenses per Form 990$2,652,651
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$40,737
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
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 completed and presented to the organization's governing body for review and approval before it is filed”

Form 990, Part VI, Section C, Line 18

“A request must be made, in writing, to the management company to inspect the tax returns. Form 990 is also available on www.guidestar.org”

Form 990, Part VI, Section C, Line 19

“A request must be made, in writing, to the management company to inspect public documents”

Filing and Contact Details

Filer

Filer Name
Lutheran Housing Inc
EIN
22-2218647
Phone
6093925628
Address
323 SOUTH BROAD STREET, TRENTON, NJ 08608
Doing Business As
Luther Arms

Signing Officer

Name
Lawrence Corrin
Title
President
Phone
6094900432
Signed
2020-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence Corrin
Formed
1977
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
10
Employees
24
Volunteers
0

Preparer

Firm
Capaldi Reynolds & Pelosi Pa
Address
332 TILTON ROAD, NORTHFIELD, NJ 08225
Preparer
Jeffrey a Wilson
Phone
6096414000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Social service expense: program service expenses 77,128. Management and general expenses 0. Fundraising expenses 0. Total expenses 77,128. Supplies: program service expenses 76,307. Management and general expenses 0. Fundraising expenses 0. Total expenses 76,307. Repairs and maintenance: program service expenses 72,730. Management and general expenses 0. Fundraising expenses 0. Total expenses 72,730. Trash removal: program service expenses 41,426. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,426. Admin rent-free unit: program service expenses 0. Management and general expenses 20,496. Fundraising expenses 0. Total expenses 20,496. Miscellaneous admin: program service expenses 0. Management and general expenses 14,702. Fundraising expenses 0. Total expenses 14,702. Misc operating expenses: program service expenses 14,001. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,001. Misc taxes, licenses & permits: program service expenses 11,605. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,605.”

FORM 990, PART XII, LINE 2C:

“The board of directors is responsible for the oversight of the audit and the selection of the independent auditors.”

Financial Statement Notes

PART X, LINE 2:

“Management has evaluated uncertain tax positions taken by the organization. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the internal revenue service or other taxing authority. The organization has recognized no interest or penalties related to uncertain tax positions. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2016”

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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02325550
IRS990/OtherAssetsTotalGrp/EOYAmt02980697
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022622
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt067408
IRS990/OtherEmployeeBenefitsGrp/TotalAmt090030
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2SECURITY
IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0362780
IRS990/OtherExpensesGrp/ProgramServicesAmt1303061
IRS990/OtherExpensesGrp/ProgramServicesAmt2255017
IRS990/OtherExpensesGrp/ProgramServicesAmt3172466
IRS990/OtherExpensesGrp/TotalAmt0362780
IRS990/OtherExpensesGrp/TotalAmt1303061
IRS990/OtherExpensesGrp/TotalAmt2255017
IRS990/OtherExpensesGrp/TotalAmt3172466
IRS990/OtherLiabilitiesGrp/BOYAmt041161
IRS990/OtherLiabilitiesGrp/EOYAmt040737
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt091785
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0273489
IRS990/OtherSalariesAndWagesGrp/TotalAmt0365274
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010856
IRS990/PayrollTaxesGrp/ProgramServicesAmt032346
IRS990/PayrollTaxesGrp/TotalAmt043202
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt064894
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt055919
IRS990/PrincipalOfficerNm0LAWRENCE CORRIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
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IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4531110
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTALS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc3SPECIAL CLAIMS
IRS990/ProgramServiceRevenueGrp/Desc4DAMAGES INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03069824
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt146749
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26689
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32147
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41340
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03069824
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt146749
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26689
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32147
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41340
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt070344
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt031944
IRS990/PYOtherExpensesAmt02244122
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03031078
IRS990/PYRevenuesLessExpensesAmt0396267
IRS990/PYSalariesCompEmpBnftPaidAmt0492977
IRS990/PYTotalExpensesAmt02737099
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03133366
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0582230
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03125577
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0300303
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0360596
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt055561
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt070344
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt025955
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt087414
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt013863
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0253137
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt053743
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt031944
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07620
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03586
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02397
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt099290
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03126749
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03031078
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03018858
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02958117
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02895250
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt015030052
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt053743
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt031944
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07620
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03586
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02397
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt099290
IRS990ScheduleA/InvestmentIncomeCYPct00.00650
IRS990ScheduleA/InvestmentIncomePYPct00.00330
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99350
IRS990ScheduleA/PublicSupportPY509Pct00.99670
IRS990ScheduleA/PublicSupportTotal509Amt015283189
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03182310
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03101422
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03044813
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03045531
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02909113
IRS990ScheduleA/Total509Grp/TotalAmt015283189
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03236053
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03133366
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03052433
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03049117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02911510
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015382479
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0231544
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04820337
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05051881
IRS990ScheduleD/EquipmentGrp/BookValueAmt042821
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0370178
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0412999
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02652651
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0147910
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0147910
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02175507
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01836770
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04012277
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02939775
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt140922
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0269440
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0378572
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0648012
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040737
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03234881
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED UNCERTAIN TAX POSITIONS TAKEN BY THE ORGANIZATION. THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION ARE RECOGNIZED WHEN THE POSITION IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, TO BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER TAXING AUTHORITY. THE ORGANIZATION HAS RECOGNIZED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2016
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02867222
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02980697
IRS990ScheduleD/TotalExpensesPerForm990Amt02652651
IRS990ScheduleD/TotalLiabilityAmt040737
IRS990ScheduleD/TotalRevenuePerForm990Amt03234881
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03234881
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02652651
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS COMPLETED AND PRESENTED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW AND APPROVAL BEFORE IT IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A REQUEST MUST BE MADE, IN WRITING, TO THE MANAGEMENT COMPANY TO INSPECT THE TAX RETURNS. FORM 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A REQUEST MUST BE MADE, IN WRITING, TO THE MANAGEMENT COMPANY TO INSPECT PUBLIC DOCUMENTS

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,308,288
Liabilities
$2,661,800
Net assets
$3,646,488
Revenue
$3,234,881
Expenses
$2,652,651
Net income
$582,230
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.94$2.62$7.32$3.92$3.13$0.79
2023Detailed filing. Detailed filing data is available for this year.$9.09$2.56$6.53$3.58$2.67$0.91
2022Detailed filing. Detailed filing data is available for this year.$8.26$2.64$5.61$3.28$2.63$0.65
2021Detailed filing. Detailed filing data is available for this year.$7.55$2.59$4.96$3.34$2.66$0.69
2020Detailed filing. Detailed filing data is available for this year.$7.11$2.84$4.28$3.18$2.56$0.63
2019Detailed filing. Detailed filing data is available for this year.$6.31$2.66$3.65$3.23$2.65$0.58
2018Detailed filing. Detailed filing data is available for this year.$5.81$2.74$3.06$3.13$2.74$0.40
2017Detailed filing. Detailed filing data is available for this year.$5.53$2.86$2.67$3.05$3.14$0.09
2016Detailed filing. Detailed filing data is available for this year.$5.61$2.86$2.76$3.05$3.26$0.21
2015Detailed filing. Detailed filing data is available for this year.$6.47$3.50$2.97$2.91$2.74$0.17
2014Detailed filing. Detailed filing data is available for this year.$6.29$3.49$2.79$2.95$2.51$0.44
2013Detailed filing. Detailed filing data is available for this year.$4.86$2.50$2.35$2.95$2.43$0.52
2012Summary only. Only limited summary data is available for this year.$4.37$2.54$1.84$2.90$2.23$0.66
2011Summary only. Only limited summary data is available for this year.$3.90$2.73$1.17$2.89$2.30$0.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$3.01$0.58$2.33