Civic Intelligence

Royal Gardens Development Fund Company Project No 014-Eh282

990 • Fiscal year 2023 • EIN 22-3113185

Oct 01, 2022 to Sep 30, 2023 • Filed on Mar 26, 2024

Organization ProfileN/A
100 Royal Gardens WayBrockport, NY 14420

(585) 637-8220

Siviq Scores

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

Liabilities / Assets

72nd percentile

1.18x

Higher debt load relative to assets than 72% of similar nonprofits.

2023 filings • NTEE L • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

3.68x

Higher debt load relative to revenue than 65% of similar nonprofits.

2023 filings • NTEE L • $1M-$5M nonprofits • Source year 2023

Net Margin

69th percentile

7.2%

Higher net margin than 69% of similar nonprofits.

2023 filings • NTEE L • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2023 filings • NTEE L • $1M-$5M nonprofits • Source year 2023

Asset Growth

47th percentile

-2.0%

Faster asset growth than 47% of similar nonprofits.

2023 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

5.6%

Faster revenue growth than 56% of similar nonprofits.

2023 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$2,585,216

Down $51,821 (-2.0%) from 2022

Net Assets

Up

-$458,654

Up $59,549 (+11%) from 2022

Liabilities

Down

$3,043,870

Down $111,370 (-3.5%) from 2022

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin69th percentile

Revenue

Up

$827,408

Up $44,110 (+5.6%) from 2022

Expenses

Down

$767,859

Down $9,120 (-1.2%) from 2022

Net Income

Up

$59,549

Up $53,230 (+842%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $2,114,890Liabilities 2010: $3,191,453Net Assets 2010: -$1,076,5632010Assets 2011: $3,177,889Liabilities 2011: $4,250,046Net Assets 2011: -$1,072,1572011Assets 2012: $2,846,416Liabilities 2012: $3,895,574Net Assets 2012: -$1,049,1582012Assets 2013: $2,851,542Liabilities 2013: $3,847,807Net Assets 2013: -$996,2652013Assets 2014: $2,830,977Liabilities 2014: $3,792,117Net Assets 2014: -$961,1402014Assets 2015: $2,840,961Liabilities 2015: $3,741,950Net Assets 2015: -$900,9892015Assets 2016: $2,838,057Liabilities 2016: $3,680,491Net Assets 2016: -$842,4342016Assets 2017: $2,841,430Liabilities 2017: $3,626,236Net Assets 2017: -$784,8062017Assets 2018: $2,829,239Liabilities 2018: $3,558,124Net Assets 2018: -$728,8852018Assets 2019: $2,681,475Liabilities 2019: $3,347,633Net Assets 2019: -$666,1582019Assets 2020: $2,700,006Liabilities 2020: $3,291,087Net Assets 2020: -$591,0812020Assets 2021: $2,677,282Liabilities 2021: $3,201,804Net Assets 2021: -$524,5222021Assets 2022: $2,637,037Liabilities 2022: $3,155,240Net Assets 2022: -$518,2032022Assets 2023: $2,585,216Liabilities 2023: $3,043,870Net Assets 2023: -$458,6542023Assets 2024: $2,613,577Liabilities 2024: $2,966,874Net Assets 2024: -$353,2972024Assets 2025: $2,581,359Liabilities 2025: $2,885,229Net Assets 2025: -$303,8702025

Highlighted filing

2023

Assets$2,585,216
Liabilities$3,043,870
Net Assets-$458,654
Open 2023 Filing

Operations Trend

Revenue Growth56th percentile

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

$1.0M$500K$0Expenses 2010: $703,8322010Revenue 2011: $694,319Expenses 2011: $689,913Net Income 2011: $4,4062011Expenses 2012: $690,4482012Expenses 2013: $654,5642013Revenue 2014: $713,675Expenses 2014: $678,550Net Income 2014: $35,1252014Revenue 2015: $720,414Expenses 2015: $660,263Net Income 2015: $60,1512015Revenue 2016: $728,857Expenses 2016: $670,302Net Income 2016: $58,5552016Revenue 2017: $736,038Expenses 2017: $678,410Net Income 2017: $57,6282017Revenue 2018: $747,210Expenses 2018: $691,289Net Income 2018: $55,9212018Revenue 2019: $755,667Expenses 2019: $692,940Net Income 2019: $62,7272019Revenue 2020: $775,455Expenses 2020: $700,378Net Income 2020: $75,0772020Revenue 2021: $785,571Expenses 2021: $719,012Net Income 2021: $66,5592021Revenue 2022: $783,298Expenses 2022: $776,979Net Income 2022: $6,3192022Revenue 2023: $827,408Expenses 2023: $767,859Net Income 2023: $59,5492023Revenue 2024: $859,869Expenses 2024: $754,512Net Income 2024: $105,3572024Revenue 2025: $883,861Expenses 2025: $834,434Net Income 2025: $49,4272025

Highlighted filing

2023

Revenue$827,408
Expenses$767,859
Net Income$59,549
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Mar 26, 2024
Return Version
2022v5.0
Gross Receipts
$827,408
Mission and Program Overview

Mission

The organization was organized solely and specifically to develop, own and operate a low-income housing project on a non-profit basis pursuant to section 202 of the national housing act, said project known as royal gardens apartments and located at 100 royal gardens way, brockport,new york.

Royal gardens housing development fund company, inc., project no. 014-eh282 (the organization), is a duly authorized non-profit corporation formed pursuant to article xi of the private housing finance law of the state of new york. The organization was organized solely and specifically to develop, own and operate a low-income housing project on a non-profit basis pursuant to section 202 of the national housing act, said project known as royal gardens apartments, a 74-unit project (one unit is occupied by the superintendent and is non-income producing), located at 100 royal gardens way, brockport, new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,570,498$1,391,683▼ $178,815
Prepaid Expenses and Deferred Charges$28,627$27,500▼ $1,127
Accounts Receivable$4,632$5,420▲ $788
Cash and Non-Interest-Bearing Accounts$723$3,469▲ $2,746
Pledges and Grants Receivable$4,642$1,454▼ $3,188
Total Assets$2,637,037$2,585,216▼ $51,821
Other Assets Total$1,027,915$1,155,690▲ $127,775
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,082,878$2,998,565▼ $84,313
Other Liabilities$25,842$24,772▼ $1,070
Accounts Payable and Accrued Expenses$44,674$19,166▼ $25,508
Deferred Revenue$1,846$1,367▼ $479
Total Liabilities$3,155,240$3,043,870▼ $111,370
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-518,203$-458,654▲ $59,549
Total Net Assets Fund Balance$-518,203$-458,654▲ $59,549
Total Liabilities and Net Assets / Fund Balance$2,637,037$2,585,216▼ $51,821

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,161,414$3,420,474-
Other Land Buildings$85,552$50,649-
Land$20,000--
Equipment$14,349$139,062-
Leasehold Improvements$110,368$162,883-
Other Assets Org$24,772--
Compensation and Service Providers
Top Officer Pay46th percentile

Board Members and Trustees

NameTitle
Michael MorichPresident
Dan BradtDirector
Mark HillDirector
Michael DownsDirector
Carl KesselringSecretary
Gordon HegemanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$806,148
Investment Income
$2,571
Other Revenue
$18,689
Change in Net Assets
$59,549

Audited Revenue Reconciliation

Revenue per Audited Statements
$827,408
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$827,408
Total Revenue per Form 990
$827,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$584,089
Salaries, Compensation, and Employee Benefits$183,770
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$184,229--$184,229
Other Salaries and Wages$25,187$120,214-$145,401
Interest$106,388--$106,388
Fees for Services Management-$47,969-$47,969
Insurance$40,490--$40,490
Occupancy$39,233--$39,233
Office Expenses-$30,660-$30,660
Other Employee Benefits$26,143--$26,143
Fees for Services Accounting-$16,149-$16,149
Payroll Taxes$12,226--$12,226
Other Expenses$2,689--$2,689
All Other Expenses-$2,275-$2,275
Fees for Services Legal-$1,500-$1,500
Advertising-$408-$408
Conferences and Meetings-$398-$398
Total Functional Expenses$548,286$219,573$0$767,859

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$767,860
Total Expenses per Audited Statements$767,860
Total Expenses per Form 990$767,860
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$24,772
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 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
Yes
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

“Management of the property is performed by christopher community, inc.”

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

“Management company will review the 990 upon issuance.”

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

“At one of the board meetings during the year the conflict of interest forms will be reviewed and updated as deemed necessary.”

Form 990, Part VI, Section C, Line 19

“The organization complies with applicable federal and state regulations.”

Filing and Contact Details

Filer

Filer Name
Royal Gardens Development Fund Company
EIN
22-3113185
Phone
5856378220
Address
100 ROYAL GARDENS WAY, BROCKPORT, NY 14420

Signing Officer

Name
Michael Morich
Title
President
Phone
5856378220
Signed
2024-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Morich
Formed
1990
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
5
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
100 SOUTH CLINTON AVE SUITE 1500, ROCHESTER, NY 14604
Preparer
Christopher Johnston
Phone
5854278900
Supplemental Narrative

Additional Explanations

Part XI - Line 2C

“The board treasurer and management agent chief financial officer review the financial statements and these statements are presented to the entire board for final approval.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the organization's tax-exempt purpose could be subject to taxation as unrelated business income. In accordance with asc 740-10-50, accounting for uncertainty in income taxes, the organization recognizes the tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. Management believes that the organization is currently operating in compliance with the applicable requirements of the internal revenue code. Therefore, no liability for unrecorded tax benefits has been included on the organization's financial statements.”

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IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/ExclusionAmt06656
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt012033
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012033
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16656
IRS990/OtherRevenueTotalAmt018689
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0120214
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt025187
IRS990/OtherSalariesAndWagesGrp/TotalAmt0145401
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt012226
IRS990/PayrollTaxesGrp/TotalAmt012226
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04642
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01454
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028627
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027500
IRS990/PrincipalOfficerNm0MICHAEL MORICH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTS-TENANTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0806148
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0806148
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0533
IRS990/PYOtherExpensesAmt0601270
IRS990/PYOtherRevenueAmt05892
IRS990/PYProgramServiceRevenueAmt0776873
IRS990/PYRevenuesLessExpensesAmt06319
IRS990/PYSalariesCompEmpBnftPaidAmt0175709
IRS990/PYTotalExpensesAmt0776979
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0783298
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt059549
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0818181
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0494139
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0496682
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0990821
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02571
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0533
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0429
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01111
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02832
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07476
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0806148
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0776873
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0780890
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0258250
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0249353
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02871514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02571
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0533
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0429
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01111
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02832
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07476
IRS990ScheduleA/InvestmentIncomeCYPct00.00190
IRS990ScheduleA/InvestmentIncomePYPct00.00200
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt018689
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05892
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt04253
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt021955
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06800
IRS990ScheduleA/OtherIncome509Grp/TotalAmt057589
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98340
IRS990ScheduleA/PublicSupportPY509Pct00.98690
IRS990ScheduleA/PublicSupportTotal509Amt03862335
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0806148
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0776873
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0780890
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0752389
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0746035
IRS990ScheduleA/Total509Grp/TotalAmt03862335
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0827408
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0783298
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0785572
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0775455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0755667
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03927400
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01161414
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03420474
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt04581888
IRS990ScheduleD/EquipmentGrp/BookValueAmt014349
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0139062
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0153411
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0767860
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt020000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0110368
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0162883
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0273251
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0584181
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt122900
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt238988
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3461365
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt423484
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt524772
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEBT SERVICE RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2MORTGAGE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt085552
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt050649
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0136201
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024772
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0827408
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE COULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH ASC 740-10-50, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE ORGANIZATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT THE ORGANIZATION IS CURRENTLY OPERATING IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THEREFORE, NO LIABILITY FOR UNRECORDED TAX BENEFITS HAS BEEN INCLUDED ON THE ORGANIZATION'S FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01391683
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01155690
IRS990ScheduleD/TotalExpensesPerForm990Amt0767860
IRS990ScheduleD/TotalLiabilityAmt024772
IRS990ScheduleD/TotalRevenuePerForm990Amt0827408
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0827408
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0767860
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT OF THE PROPERTY IS PERFORMED BY CHRISTOPHER COMMUNITY, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT COMPANY WILL REVIEW THE 990 UPON ISSUANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT ONE OF THE BOARD MEETINGS DURING THE YEAR THE CONFLICT OF INTEREST FORMS WILL BE REVIEWED AND UPDATED AS DEEMED NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION COMPLIES WITH APPLICABLE FEDERAL AND STATE REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD TREASURER AND MANAGEMENT AGENT CHIEF FINANCIAL OFFICER REVIEW THE FINANCIAL STATEMENTS AND THESE STATEMENTS ARE PRESENTED TO THE ENTIRE BOARD FOR FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XI - LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02637037
IRS990/TotalAssetsEOYAmt02585216
IRS990/TotalAssetsGrp/BOYAmt02637037
IRS990/TotalAssetsGrp/EOYAmt02585216
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0219573
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0548286
IRS990/TotalFunctionalExpensesGrp/TotalAmt0767859
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03155240
IRS990/TotalLiabilitiesEOYAmt03043870
IRS990/TotalLiabilitiesGrp/BOYAmt03155240
IRS990/TotalLiabilitiesGrp/EOYAmt03043870
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-518203
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-458654
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0548286
IRS990/TotalProgramServiceRevenueAmt0806148
IRS990/TotalReportableCompFromOrgAmt00

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,585,216
Liabilities
$3,043,870
Net assets
-$458,654
Revenue
$827,408
Expenses
$767,859
Net income
$59,549
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.58$2.89$0.30$0.88$0.83$0.05
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$2.97$0.35$0.86$0.75$0.11
2023Detailed filing. Detailed filing data is available for this year.$2.59$3.04$0.46$0.83$0.77$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$3.16$0.52$0.78$0.78$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$3.20$0.52$0.79$0.72$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$3.29$0.59$0.78$0.70$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$3.35$0.67$0.76$0.69$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$3.56$0.73$0.75$0.69$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.84$3.63$0.78$0.74$0.68$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.84$3.68$0.84$0.73$0.67$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.84$3.74$0.90$0.72$0.66$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.83$3.79$0.96$0.71$0.68$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$3.85$1.00$0.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$3.90$1.05$0.69
2011Summary only. Only limited summary data is available for this year.$3.18$4.25$1.07$0.69$0.69$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$3.19$1.08$0.70