Civic Intelligence

Oak Woods Inc Co Walter Runyon Treasurer

990 • Fiscal year 2020 • EIN 22-3496040

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 04, 2021

Organization ProfileSOUTHBRUNSWICKSENIORHOUSING.ORG
700 Woods LaneMonmouth Junction, NJ 08852

(732) 355-9009

Siviq Scores

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

Liabilities / Assets

19th percentile

0.08x

Higher debt load relative to assets than 19% of similar nonprofits.

2020 filings • NTEE L • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.53x

Higher debt load relative to revenue than 27% of similar nonprofits.

2020 filings • NTEE L • $5M-$10M nonprofits • Source year 2020

Net Margin

27th percentile

-19%

Higher net margin than 27% of similar nonprofits.

2020 filings • NTEE L • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

48th percentile

$130,651

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 16.1% of source-year revenue.

2020 filings • NTEE L • $5M-$10M nonprofits • Source year 2020

Asset Growth

28th percentile

-2.6%

Faster asset growth than 28% of similar nonprofits.

2020 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

1.3%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$5,213,969

Down $137,259 (-2.6%) from 2019

Net Assets

Down

$4,784,047

Down $155,412 (-3.1%) from 2019

Liabilities

Up

$429,922

Up $18,153 (+4.4%) from 2019

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin27th percentile

Revenue

Up

$812,167

Up $10,242 (+1.3%) from 2019

Expenses

Up

$967,858

Up $7,989 (+0.8%) from 2019

Net Income

Up

-$155,691

Up $2,253 (+1.4%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $6,486,311Liabilities 2010: $400,842Net Assets 2010: $6,085,4692010Assets 2011: $6,344,381Liabilities 2011: $402,419Net Assets 2011: $5,941,9622011Assets 2012: $6,348,716Liabilities 2012: $444,176Net Assets 2012: $5,904,5402012Assets 2013: $6,165,468Liabilities 2013: $410,418Net Assets 2013: $5,755,0502013Assets 2014: $6,016,843Liabilities 2014: $400,902Net Assets 2014: $5,615,9412014Assets 2015: $5,879,678Liabilities 2015: $404,175Net Assets 2015: $5,475,5032015Assets 2016: $5,774,482Liabilities 2016: $405,994Net Assets 2016: $5,368,4882016Assets 2017: $5,620,651Liabilities 2017: $403,530Net Assets 2017: $5,217,1212017Assets 2018: $5,518,591Liabilities 2018: $421,188Net Assets 2018: $5,097,4032018Assets 2019: $5,351,228Liabilities 2019: $411,769Net Assets 2019: $4,939,4592019Assets 2020: $5,213,969Liabilities 2020: $429,922Net Assets 2020: $4,784,0472020Assets 2021: $5,035,328Liabilities 2021: $411,753Net Assets 2021: $4,623,5752021Assets 2022: $4,916,847Liabilities 2022: $83,061Net Assets 2022: $4,833,7862022Assets 2023: $4,996,804Liabilities 2023: $99,780Net Assets 2023: $4,897,0242023Assets 2024: $5,082,314Liabilities 2024: $91,963Net Assets 2024: $4,990,3512024

Highlighted filing

2020

Assets$5,213,969
Liabilities$429,922
Net Assets$4,784,047
Open 2020 Filing

Operations Trend

Revenue Growth51st percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $843,4502010Expenses 2011: $855,2932011Expenses 2012: $849,3382012Revenue 2013: $731,263Expenses 2013: $880,753Net Income 2013: -$149,4902013Revenue 2014: $756,982Expenses 2014: $896,091Net Income 2014: -$139,1092014Revenue 2015: $756,128Expenses 2015: $896,566Net Income 2015: -$140,4382015Revenue 2016: $788,370Expenses 2016: $895,385Net Income 2016: -$107,0152016Revenue 2017: $768,560Expenses 2017: $919,927Net Income 2017: -$151,3672017Revenue 2018: $811,036Expenses 2018: $930,754Net Income 2018: -$119,7182018Revenue 2019: $801,925Expenses 2019: $959,869Net Income 2019: -$157,9442019Revenue 2020: $812,167Expenses 2020: $967,858Net Income 2020: -$155,6912020Revenue 2021: $826,606Expenses 2021: $985,797Net Income 2021: -$159,1912021Revenue 2022: $1,205,602Expenses 2022: $985,643Net Income 2022: $219,9592022Revenue 2023: $1,093,107Expenses 2023: $1,031,664Net Income 2023: $61,4432023Revenue 2024: $1,165,136Expenses 2024: $1,073,623Net Income 2024: $91,5132024

Highlighted filing

2020

Revenue$812,167
Expenses$967,858
Net Income-$155,691
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 4, 2021
Return Version
2020v4.1
Gross Receipts
$812,167
Mission and Program Overview

Mission

Providing safe, comfortable housing for income eligible seniors in a caring community environment.

The organization owns and operates a section 202 hud financed multifamily housing project for the elderly consisting of 74 units.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,936,350$4,740,204▼ $196,146
Savings and Temporary Cash Investments$24,476$49,254▲ $24,778
Prepaid Expenses and Deferred Charges$27,838$37,960▲ $10,122
Cash and Non-Interest-Bearing Accounts$25,316$10,486▼ $14,830
Accounts Receivable$2,385$1,470▼ $915
Total Assets$5,351,228$5,213,969▼ $137,259
Other Assets Total$334,863$374,595▲ $39,732
Liabilities
Mortgage Notes Payable Secured by Investment Property$339,531$339,531→ $0
Accounts Payable and Accrued Expenses$43,544$61,388▲ $17,844
Escrow Account Liability$28,694$29,003▲ $309
Total Liabilities$411,769$429,922▲ $18,153
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,939,459$4,784,047▼ $155,412
Total Net Assets Fund Balance$4,939,459$4,784,047▼ $155,412
Total Liabilities and Net Assets / Fund Balance$5,351,228$5,213,969▼ $137,259

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,976,777$3,712,578$7,689,355
Land$660,000-$660,000
Equipment$103,427$174,974$278,401
Other Assets Org$345,592--
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Karen ScaleraExecutive DirectorPT$130,651$130,651

Board Members and Trustees

NameTitle
Alan KanePresident
Daniel GreenbergVice President
Anne LuckTrustee
Gary WesaloTrustee
Kamal NajjarTrustee
Martha AsinobiTrustee
Mitch FrumkinTrustee
William Buzby JrTrustee
Carolyn MccallumSecretary
Walter RunyonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$808,707
Investment Income
$1,930
Other Revenue
$1,530
Change in Net Assets
$-155,691

Audited Revenue Reconciliation

Revenue per Audited Statements
$812,167
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$279
Total Revenue per Audited Statements
$812,446
Total Revenue per Form 990
$812,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$517,819
Salaries, Compensation, and Employee Benefits$450,039
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$202,678$74,199-$276,877
Depreciation Depletion$215,966--$215,966
Occupancy$141,322--$141,322
Other Employee Benefits$43,104$27,717-$70,821
Current Officers, Directors, Trustees, and Key Employees-$64,584-$64,584
Fees for Services Accounting-$39,328-$39,328
Payroll Taxes$18,196$12,193-$30,389
Insurance$26,571--$26,571
Office Expenses-$23,270-$23,270
Pension Plan Contributions$5,496$1,872-$7,368
Conferences and Meetings-$3,748-$3,748
Other Expenses$1,279--$1,279
All Other Expenses-$329-$329
Total Functional Expenses$720,618$247,240$0$967,858

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$967,858
Total Expenses per Audited Statements$967,858
Total Expenses per Form 990$967,858
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 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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“All committee decisions are brought to and approved by the governing body.”

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

“The project distributes a draft copy of the irs form 990 to its board members to review. They are then provided an opportunity to make comments or inquiries and upon receipt of appropriate responses, they will approve the filing of the form.”

Form 990, Part VI, Section B, Line 15

“Salaries are approved by board members”

Form 990, Part VI, Section C, Line 19

“The organization's form 990 is available upon request.”

Form 990, Part VI, Section A, Line 8A and 8B

“All committee decisions are brought to and approved by the governing body”

Filing and Contact Details

Filer

Filer Name
Oak Woods Inc
EIN
22-3496040
Phone
7323559009
Address
700 WOODS LANE, MONMOUTH JUNCTION, NJ 08852

Signing Officer

Name
Walter Runyon
Title
Treasurer
Phone
7323559009
Signed
2021-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Walter Runyon
Formed
1997
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
10
Employees
7
Volunteers
0

Preparer

Firm
SOBEL & CO LLC CPA'S
Address
293 EISENHOWER PARKWAY, LIVINGSTON, NJ 07039-1711
Preparer
Bridget Hartnett
Phone
9739949494
Supplemental Narrative

Additional Explanations

FORM 990 PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization maintains security deposits in trust in the name of each tenant.”

PART X, LINE 2:

“The project is exempt from federal and state income taxes, under section 501(c)(3) of the internal revenue code. The project follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the project's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken, or expected to be taken, in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The project's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense. No interest and penalties were recorded during years 2020 and 2019. At december 31, 2020 and 2019, there were no significant income tax uncertainties.”

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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/NoDonorRestrictionNetAssetsGrp/BOYAmt04939459
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04784047
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0141322
IRS990/OccupancyGrp/TotalAmt0141322
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt023270
IRS990/OfficeExpensesGrp/TotalAmt023270
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0334863
IRS990/OtherAssetsTotalGrp/EOYAmt0374595
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt027717
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt043104
IRS990/OtherEmployeeBenefitsGrp/TotalAmt070821
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2SUPERINDENDENT RENT FRE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS TAXES, LI
IRS990/OtherExpensesGrp/ProgramServicesAmt036658
IRS990/OtherExpensesGrp/ProgramServicesAmt120792
IRS990/OtherExpensesGrp/ProgramServicesAmt28556
IRS990/OtherExpensesGrp/ProgramServicesAmt31279
IRS990/OtherExpensesGrp/TotalAmt036658
IRS990/OtherExpensesGrp/TotalAmt120792
IRS990/OtherExpensesGrp/TotalAmt28556
IRS990/OtherExpensesGrp/TotalAmt31279
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01530
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01530
IRS990/OtherRevenueTotalAmt01530
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt074199
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0202678
IRS990/OtherSalariesAndWagesGrp/TotalAmt0276877
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012193
IRS990/PayrollTaxesGrp/ProgramServicesAmt018196
IRS990/PayrollTaxesGrp/TotalAmt030389
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01872
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05496
IRS990/PensionPlanContributionsGrp/TotalAmt07368
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027838
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037960
IRS990/PrincipalOfficerNm0WALTER RUNYON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4812300
IRS990/ProgramServiceRevenueGrp/Desc0HUD RENTAL ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENT
IRS990/ProgramServiceRevenueGrp/Desc2COMMERCIAL RENT
IRS990/ProgramServiceRevenueGrp/Desc3SUPER RENT FREE UNIT
IRS990/ProgramServiceRevenueGrp/Desc4LAUNDRY REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0511991
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1274889
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38556
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt43071
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0511991
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1274889
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38556
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43071
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05146
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03759
IRS990/PYOtherExpensesAmt0502119
IRS990/PYOtherRevenueAmt01530
IRS990/PYProgramServiceRevenueAmt0791490
IRS990/PYRevenuesLessExpensesAmt0-157944
IRS990/PYSalariesCompEmpBnftPaidAmt0457750
IRS990/PYTotalExpensesAmt0959869
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0801925
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-155691
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0808707
IRS990/SavingsAndTempCashInvstGrp/BOYAmt024476
IRS990/SavingsAndTempCashInvstGrp/EOYAmt049254
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt05146
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt016000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt017928
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt039074
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01930
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03759
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02197
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01448
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01024
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010358
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0808707
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0791490
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0786840
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0765582
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0751456
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03904075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01930
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03759
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02197
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01448
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01024
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt010358
IRS990ScheduleA/InvestmentIncomeCYPct00.00260
IRS990ScheduleA/InvestmentIncomePYPct00.00240
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01530
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0664
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05999
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01530
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt017962
IRS990ScheduleA/OtherIncome509Grp/TotalAmt027685
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99040
IRS990ScheduleA/PublicSupportPY509Pct00.98830
IRS990ScheduleA/PublicSupportTotal509Amt03943149
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0808707
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0796636
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0802840
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0765582
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0769384
IRS990ScheduleA/Total509Grp/TotalAmt03943149
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0812167
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0801059
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0811036
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0768560
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0788370
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03981192
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03976777
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03712578
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07689355
IRS990ScheduleD/EquipmentGrp/BookValueAmt0103427
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0174974
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0278401
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0967858
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0660000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0660000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0279
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt029003
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1345592
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt0279
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0812167
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS SECURITY DEPOSITS IN TRUST IN THE NAME OF EACH TENANT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE PROJECT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECT FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE PROJECT'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE PROJECT'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING YEARS 2020 AND 2019. AT DECEMBER 31, 2020 AND 2019, THERE WERE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04740204
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0374595
IRS990ScheduleD/TotalExpensesPerForm990Amt0967858
IRS990ScheduleD/TotalRevenuePerForm990Amt0812167
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0812446

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,213,969
Liabilities
$429,922
Net assets
$4,784,047
Revenue
$812,167
Expenses
$967,858
Net income
-$155,691
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.08$0.09$4.99$1.17$1.07$0.09
2023Detailed filing. Detailed filing data is available for this year.$5.00$0.10$4.90$1.09$1.03$0.06
2022Detailed filing. Detailed filing data is available for this year.$4.92$0.08$4.83$1.21$0.99$0.22
2021Detailed filing. Detailed filing data is available for this year.$5.04$0.41$4.62$0.83$0.99$0.16
2020Detailed filing. Detailed filing data is available for this year.$5.21$0.43$4.78$0.81$0.97$0.16
2019Detailed filing. Detailed filing data is available for this year.$5.35$0.41$4.94$0.80$0.96$0.16
2018Detailed filing. Detailed filing data is available for this year.$5.52$0.42$5.10$0.81$0.93$0.12
2017Detailed filing. Detailed filing data is available for this year.$5.62$0.40$5.22$0.77$0.92$0.15
2016Detailed filing. Detailed filing data is available for this year.$5.77$0.41$5.37$0.79$0.90$0.11
2015Detailed filing. Detailed filing data is available for this year.$5.88$0.40$5.48$0.76$0.90$0.14
2014Detailed filing. Detailed filing data is available for this year.$6.02$0.40$5.62$0.76$0.90$0.14
2013Detailed filing. Detailed filing data is available for this year.$6.17$0.41$5.76$0.73$0.88$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.35$0.44$5.90$0.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.34$0.40$5.94$0.86
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.49$0.40$6.09$0.84