Civic Intelligence

Schoolhouse Apartments Inc.

990 • Fiscal year 2013 • EIN 22-3035438

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 19, 2014

Organization ProfileN/A
Ehm 127 Washington Ave 5th FL East06473-1715

(203) 230-4809

Siviq Scores

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

Liabilities / Assets

89th percentile

0.92x

Higher debt load relative to assets than 89% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

94th percentile

4.62x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

41st percentile

0.2%

Higher net margin than 41% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

32nd percentile

-2.0%

Faster asset growth than 32% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

25th percentile

-7.0%

Faster revenue growth than 25% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$3,782,313

Down $78,664 (-2.0%) from 2012

Net Assets

Up

$313,243

Up $1,453 (+0.5%) from 2012

Liabilities

Down

$3,469,070

Down $80,117 (-2.3%) from 2012

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin41st percentile

Revenue

Down

$750,188

Down $56,354 (-7.0%) from 2012

Expenses

Down

$748,735

Down $62,558 (-7.7%) from 2012

Net Income

Up

$1,453

Up $6,204 (+131%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,934,213Liabilities 2011: $3,617,672Net Assets 2011: $316,5412011Assets 2012: $3,860,977Liabilities 2012: $3,549,187Net Assets 2012: $311,7902012Assets 2013: $3,782,313Liabilities 2013: $3,469,070Net Assets 2013: $313,2432013Assets 2014: $3,664,553Liabilities 2014: $3,434,285Net Assets 2014: $230,2682014Assets 2015: $3,577,068Liabilities 2015: $3,348,971Net Assets 2015: $228,0972015Assets 2016: $3,323,835Liabilities 2016: $3,133,299Net Assets 2016: $190,5362016Assets 2017: $3,270,066Liabilities 2017: $3,090,515Net Assets 2017: $179,5512017Assets 2018: $3,187,805Liabilities 2018: $3,022,937Net Assets 2018: $164,8682018Assets 2019: $3,116,239Liabilities 2019: $2,950,556Net Assets 2019: $165,6832019Assets 2020: $3,106,039Liabilities 2020: $2,893,184Net Assets 2020: $212,8552020Assets 2021: $3,031,524Liabilities 2021: $2,829,929Net Assets 2021: $201,5952021Assets 2022: $2,953,309Liabilities 2022: $2,808,348Net Assets 2022: $144,9612022Assets 2023: $2,895,884Liabilities 2023: $2,703,825Net Assets 2023: $192,0592023Assets 2024: $2,836,561Liabilities 2024: $2,612,508Net Assets 2024: $224,0532024

Highlighted filing

2013

Assets$3,782,313
Liabilities$3,469,070
Net Assets$313,243
Open 2013 Filing

Operations Trend

Revenue Growth25th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $748,3292011Revenue 2012: $806,542Expenses 2012: $811,293Net Income 2012: -$4,7512012Revenue 2013: $750,188Expenses 2013: $748,735Net Income 2013: $1,4532013Revenue 2014: $762,776Expenses 2014: $845,751Net Income 2014: -$82,9752014Revenue 2015: $771,259Expenses 2015: $773,430Net Income 2015: -$2,1712015Revenue 2016: $778,194Expenses 2016: $815,755Net Income 2016: -$37,5612016Revenue 2017: $800,932Expenses 2017: $811,917Net Income 2017: -$10,9852017Revenue 2018: $785,423Expenses 2018: $800,106Net Income 2018: -$14,6832018Revenue 2019: $801,723Expenses 2019: $800,908Net Income 2019: $8152019Revenue 2020: $836,685Expenses 2020: $789,513Net Income 2020: $47,1722020Revenue 2021: $818,165Expenses 2021: $829,425Net Income 2021: -$11,2602021Revenue 2022: $833,803Expenses 2022: $890,437Net Income 2022: -$56,6342022Revenue 2023: $874,032Expenses 2023: $826,934Net Income 2023: $47,0982023Revenue 2024: $874,145Expenses 2024: $842,151Net Income 2024: $31,9942024

Highlighted filing

2013

Revenue$750,188
Expenses$748,735
Net Income$1,453
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 19, 2014
Return Version
2013v3.1
Gross Receipts
$750,188
Mission and Program Overview

Mission

Rental of low-income elderly housing - 41 units

The corporation owns and operates 41 units of low-income elderly housing which is subsidized by the department of housing and urban development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,797,922$2,679,597▼ $118,325
Savings and Temporary Cash Investments$854,394$909,942▲ $55,548
Prepaid Expenses and Deferred Charges$19,878$20,534▲ $656
Accounts Receivable$21,508$7,431▼ $14,077
Total Assets$3,860,977$3,782,313▼ $78,664
Other Assets Total$167,275$164,809▼ $2,466
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,472,511$3,421,316▼ $51,195
Accounts Payable and Accrued Expenses$62,910$33,949▼ $28,961
Other Liabilities$13,766$13,805▲ $39
Total Liabilities$3,549,187$3,469,070▼ $80,117
Net Assets / Fund Balance
Temporarily Rstr Net Assets$886,341$892,757▲ $6,416
Unrestricted Net Assets$-574,551$-579,514▼ $4,963
Total Net Assets Fund Balance$311,790$313,243▲ $1,453
Total Liabilities and Net Assets / Fund Balance$3,860,977$3,782,313▼ $78,664

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,608,222$1,832,650$4,440,872
Equipment$71,375$81,052$152,427
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
Jack MessertPresident
Joan StarrVice President
Barbara JeffriesDirector
Charlotte BrownDirector
Hans DijsDirector
James BachDirector
Joel PelznerDirector
Kay JexDirector
Ray DavisDirector
Ruth Ogden CarrollDirector
William FairbairnDirector
Fisina TomaselliSecretary
Parke Miller JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,695
Program Service Revenue
$739,689
Investment Income
$804
Other Revenue
$0
All Other Contributions
$9,695
Change in Net Assets
$1,453

Audited Revenue Reconciliation

Revenue per Audited Statements
$750,188
Total Revenue per Audited Statements
$750,188
Total Revenue per Form 990
$750,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$578,992
Salaries, Compensation, and Employee Benefits$169,743
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$157,178--$157,178
Other Salaries and Wages$151,886--$151,886
Interest$141,243--$141,243
Fees for Services Management$35,006--$35,006
Insurance$31,741--$31,741
Office Expenses$15,682--$15,682
Fees for Services Accounting$12,980--$12,980
Other Employee Benefits$9,939--$9,939
Payroll Taxes$7,918--$7,918
Other Expenses$7,422--$7,422
Advertising$1,256--$1,256
All Other Expenses$1,067--$1,067
Total Functional Expenses$748,735$0$0$748,735

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$748,735
Total Expenses per Audited Statements$748,735
Total Expenses per Form 990$748,735
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
Federal income taxes$13,805
Tenants Security Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The corporation has contracted with elderly housing management, inc. Ehm to provide property management services for the project. All employees are employees of ehm. Salaries, other employee benefits, and payroll taxes shown on the form 990 represent reimbursements to ehm for their employees who work on-site at the corporations apartment complex. Ehm provides management, accounting, and other services to the property.”

Form 990, Part VI, Section A, Line 6

“The corporation has members who are the members of the board of directors of new samaritan corporation, a connecticut non-stock corporation the hud sponsor.”

Form 990, Part VI, Section A, Line 7A

“The members have the power to elect or remove the directors of the corporation.”

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

“A draft copy of form 990 was provided to the management company, the corporation, its president, and its treasurer, for review and approval prior to filing.”

Form 990, Part VI, Section C, Line 19

“The corporation will make its financial statements and other information available upon written request.”

Filing and Contact Details

Filer

EIN
22-3035438
Phone
2032304809

Signing Officer

Name
John T Messert Jr
Title
President
Signed
2014-04-19
Discuss with paid preparer
No

Organization Details

Principal Officer
John T Messert
Formed
1991
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Preparer
Alan J Tucker
Phone
2038471323
Supplemental Narrative

Financial Statement Notes

X 2

“SCHOOLHOUSE APARTMENTS, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 c3 OF THE INTERNAL REVENUE CODE THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FASB HAS ISSUED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES NOW ASC 740-10. MANAGEMENT DOES NOT EXPECT IMPLEMENTATION OF THIS RULE TO HAVE AN EFFECT ON THE CORPORATIONS FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2013, THE CORPORATION IS NOT AWARE OF, NOR HAS IT TAKEN AN UNCERTAIN INCOME TAX POSITION, WHICH NEEDS TO BE RECOGNIZED.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09939
IRS990/OtherEmployeeBenefitsGrp/TotalAmt09939
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MORTGAGE INSURANCE PREMIUMS
IRS990/OtherExpensesGrp/Desc3RESIDENT SERVICE COORDINATOR EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt082741
IRS990/OtherExpensesGrp/ProgramServicesAmt177174
IRS990/OtherExpensesGrp/ProgramServicesAmt215502
IRS990/OtherExpensesGrp/ProgramServicesAmt37422
IRS990/OtherExpensesGrp/TotalAmt082741
IRS990/OtherExpensesGrp/TotalAmt177174
IRS990/OtherExpensesGrp/TotalAmt215502
IRS990/OtherExpensesGrp/TotalAmt37422
IRS990/OtherLiabilitiesGrp/BOYAmt013766
IRS990/OtherLiabilitiesGrp/EOYAmt013805
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0151886
IRS990/OtherSalariesAndWagesGrp/TotalAmt0151886
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt07918
IRS990/PayrollTaxesGrp/TotalAmt07918
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019878
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020534
IRS990/PrincipalOfficerNm0JOHN T MESSERT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME - ELDERLY HOUSING
IRS990/ProgramServiceRevenueGrp/Desc1OTHER TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0736594
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13095
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0736594
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13095
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt070818
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01194
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0639259
IRS990/PYProgramServiceRevenueAmt0734530
IRS990/PYRevenuesLessExpensesAmt0-4751
IRS990/PYSalariesCompEmpBnftPaidAmt0172034
IRS990/PYTotalExpensesAmt0811293
IRS990/PYTotalRevenueAmt0806542
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01453
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0739689
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0854394
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0909942
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt09695
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt070818
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0139466
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0439264
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt037999
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0697242
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0804
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01194
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01363
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0437
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0340
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04138
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0739689
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0734530
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0726869
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0680658
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0611819
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03493565
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0804
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01194
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01363
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0437
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0340
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04138
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.00150
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.99900
IRS990ScheduleA/PublicSupportPY509Pct00.99850
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt04190807
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0749384
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0805348
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0866335
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01119922
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0649818
IRS990ScheduleA/Total509Grp/TotalAmt04190807
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0750188
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0806542
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0867698
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01120359
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0650158
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04194945
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt071375
IRS990ScheduleD/EquipmentGrp/DepreciationAmt081052
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0152427
IRS990ScheduleD/ExpensesSubtotalAmt0748735
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02608222
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01832650
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04440872
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANTS SECURITY DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0750188
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOOLHOUSE APARTMENTS, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 c3 OF THE INTERNAL REVENUE CODE THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FASB HAS ISSUED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES NOW ASC 740-10. MANAGEMENT DOES NOT EXPECT IMPLEMENTATION OF THIS RULE TO HAVE AN EFFECT ON THE CORPORATIONS FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2013, THE CORPORATION IS NOT AWARE OF, NOR HAS IT TAKEN AN UNCERTAIN INCOME TAX POSITION, WHICH NEEDS TO BE RECOGNIZED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02679597
IRS990ScheduleD/TotalExpensesPerForm990Amt0748735
IRS990ScheduleD/TotalLiabilityAmt013805
IRS990ScheduleD/TotalRevenuePerForm990Amt0750188
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0750188
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0748735
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS CONTRACTED WITH ELDERLY HOUSING MANAGEMENT, INC. EHM TO PROVIDE PROPERTY MANAGEMENT SERVICES FOR THE PROJECT. ALL EMPLOYEES ARE EMPLOYEES OF EHM. SALARIES, OTHER EMPLOYEE BENEFITS, AND PAYROLL TAXES SHOWN ON THE FORM 990 REPRESENT REIMBURSEMENTS TO EHM FOR THEIR EMPLOYEES WHO WORK ON-SITE AT THE CORPORATIONS APARTMENT COMPLEX. EHM PROVIDES MANAGEMENT, ACCOUNTING, AND OTHER SERVICES TO THE PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION HAS MEMBERS WHO ARE THE MEMBERS OF THE BOARD OF DIRECTORS OF NEW SAMARITAN CORPORATION, A CONNECTICUT NON-STOCK CORPORATION THE HUD SPONSOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS HAVE THE POWER TO ELECT OR REMOVE THE DIRECTORS OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT COPY OF FORM 990 WAS PROVIDED TO THE MANAGEMENT COMPANY, THE CORPORATION, ITS PRESIDENT, AND ITS TREASURER, FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CORPORATION WILL MAKE ITS FINANCIAL STATEMENTS AND OTHER INFORMATION AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10NEW SAMARITAN CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0060866405
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ELDERLY HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10127 WASHINGTON AVE 5TH FL EAST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0NORTH HAVEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode006473

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,782,313
Liabilities
$3,469,070
Net assets
$313,243
Revenue
$750,188
Expenses
$748,735
Net income
$1,453
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.84$2.61$0.22$0.87$0.84$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.90$2.70$0.19$0.87$0.83$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.95$2.81$0.14$0.83$0.89$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.03$2.83$0.20$0.82$0.83$0.01
2020Detailed filing. Detailed filing data is available for this year.$3.11$2.89$0.21$0.84$0.79$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.12$2.95$0.17$0.80$0.80$0.00
2018Detailed filing. Detailed filing data is available for this year.$3.19$3.02$0.16$0.79$0.80$0.01
2017Detailed filing. Detailed filing data is available for this year.$3.27$3.09$0.18$0.80$0.81$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.32$3.13$0.19$0.78$0.82$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.58$3.35$0.23$0.77$0.77$0.00
2014Detailed filing. Detailed filing data is available for this year.$3.66$3.43$0.23$0.76$0.85$0.08
2013Detailed filing. Detailed filing data is available for this year.$3.78$3.47$0.31$0.75$0.75$0.00
2012Summary only. Only limited summary data is available for this year.$3.86$3.55$0.31$0.81$0.81$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.93$3.62$0.32$0.75