Civic Intelligence

Evesham Section 811 Housing Corporation

990 • Fiscal year 2014 • EIN 23-3079514

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 16, 2014

2600 Belmont Avenue19131

(215) 878-5600

Siviq Scores

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

Liabilities / Assets

41st percentile

0.06x

Higher debt load relative to assets than 41% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

76th percentile

0.49x

Higher debt load relative to revenue than 76% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

5th percentile

-53%

Higher net margin than 5% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

98th percentile

$504,404

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 287.5% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

21st percentile

-4.7%

Faster asset growth than 21% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$1,531,319

Down $75,718 (-4.7%) from 2013

Net Assets

Down

$1,444,654

Down $92,402 (-6.0%) from 2013

Liabilities

Up

$86,665

Up $16,684 (+24%) from 2013

Revenue

$175,466

No earlier filing loaded for comparison.

Expenses

Up

$267,868

Up $4,159 (+1.6%) from 2013

Net Income

-$92,402

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,902,448Liabilities 2010: $68,677Net Assets 2010: $1,833,7712010Assets 2011: $1,794,888Liabilities 2011: $70,680Net Assets 2011: $1,724,2082011Assets 2012: $1,697,844Liabilities 2012: $70,813Net Assets 2012: $1,627,0312012Assets 2013: $1,607,037Liabilities 2013: $69,981Net Assets 2013: $1,537,0562013Assets 2014: $1,531,319Liabilities 2014: $86,665Net Assets 2014: $1,444,6542014Assets 2015: $1,423,567Liabilities 2015: $142,772Net Assets 2015: $1,280,7952015Assets 2016: $1,364,167Liabilities 2016: $111,312Net Assets 2016: $1,252,8552016Assets 2017: $1,298,246Liabilities 2017: $107,506Net Assets 2017: $1,190,7402017Assets 2018: $1,283,699Liabilities 2018: $169,661Net Assets 2018: $1,114,0382018Assets 2019: $1,244,029Liabilities 2019: $137,128Net Assets 2019: $1,106,9012019Assets 2020: $1,197,284Liabilities 2020: $138,162Net Assets 2020: $1,059,1222020Assets 2021: $1,144,905Liabilities 2021: $150,198Net Assets 2021: $994,7072021Assets 2022: $1,081,792Liabilities 2022: $290,148Net Assets 2022: $791,6442022Assets 2023: $1,040,250Liabilities 2023: $474,738Net Assets 2023: $565,5122023Assets 2024: $1,007,746Liabilities 2024: $670,675Net Assets 2024: $337,0712024

Highlighted filing

2014

Assets$1,531,319
Liabilities$86,665
Net Assets$1,444,654

Operations Trend

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

$600K$400K$200K$0-$200K-$400KExpenses 2010: $247,1572010Expenses 2011: $261,8562011Expenses 2012: $253,6912012Expenses 2013: $263,7092013Revenue 2014: $175,466Expenses 2014: $267,868Net Income 2014: -$92,4022014Revenue 2015: $176,923Expenses 2015: $340,782Net Income 2015: -$163,8592015Revenue 2016: $227,485Expenses 2016: $255,425Net Income 2016: -$27,9402016Revenue 2017: $185,987Expenses 2017: $248,102Net Income 2017: -$62,1152017Revenue 2018: $181,982Expenses 2018: $258,684Net Income 2018: -$76,7022018Revenue 2019: $213,586Expenses 2019: $220,723Net Income 2019: -$7,1372019Revenue 2020: $170,228Expenses 2020: $218,007Net Income 2020: -$47,7792020Revenue 2021: $185,676Expenses 2021: $250,091Net Income 2021: -$64,4152021Revenue 2022: $181,267Expenses 2022: $384,330Net Income 2022: -$203,0632022Revenue 2023: $62,882Expenses 2023: $289,014Net Income 2023: -$226,1322023Revenue 2024: $196,447Expenses 2024: $424,888Net Income 2024: -$228,4412024

Highlighted filing

2014

Revenue$175,466
Expenses$267,868
Net Income-$92,402
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 16, 2014
Return Version
2013v3.0
Gross Receipts
$175,466
Mission and Program Overview

Mission

Provide affordable housing to people with physical disabilities where they enjoy an environment of independence and mobility.

Provide affordable housing to people with physical disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,406,248$1,311,170▼ $95,078
Savings and Temporary Cash Investments$12,897$43,572▲ $30,675
Prepaid Expenses and Deferred Charges$12,745$17,098▲ $4,353
Accounts Receivable$176$1,418▲ $1,242
Cash and Non-Interest-Bearing Accounts$33,020$400▼ $32,620
Total Assets$1,607,037$1,531,319▼ $75,718
Other Assets Total$141,951$157,661▲ $15,710
Liabilities
Other Liabilities$40,000$63,466▲ $23,466
Accounts Payable and Accrued Expenses$26,212$19,405▼ $6,807
Escrow Account Liability$3,769$3,794▲ $25
Total Liabilities$69,981$86,665▲ $16,684
Net Assets / Fund Balance
Unrestricted Net Assets$1,537,056$1,444,654▼ $92,402
Total Net Assets Fund Balance$1,537,056$1,444,654▼ $92,402
Total Liabilities and Net Assets / Fund Balance$1,607,037$1,531,319▼ $75,718

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,303,905$1,141,238$2,445,143
Equipment$7,264$56,982$64,246
Land$1-$1
Other Assets Org$12,897--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lauren DebruickerChair
Gavin KerrPresident & CEO
Gregory PrimasDirector
Josephine DantonioDirector
William KoonsDirector
Kevin KellyCFO
Theodore RobbSecretary
Thomas SibsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$174,461
Investment Income
$178
Other Revenue
$827
Change in Net Assets
$-92,402

Audited Revenue Reconciliation

Revenue per Audited Statements
$175,466
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$175,466
Total Revenue per Form 990
$175,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$203,828
Salaries, Compensation, and Employee Benefits$64,040
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$95,080--$95,080
Other Salaries and Wages$22,660$24,917-$47,577
Office Expenses$14,083$9,476-$23,559
Fees for Services Other$22,406--$22,406
Occupancy$18,397$2,005-$20,402
Insurance$13,188--$13,188
Fees for Services Accounting-$12,523-$12,523
Other Employee Benefits$5,054$5,558-$10,612
Fees for Services Management-$10,520-$10,520
Conferences and Meetings-$3,776-$3,776
Payroll Taxes$1,750$1,924-$3,674
Pension Plan Contributions$1,037$1,140-$2,177
Other Expenses$70$72-$70
All Other Expenses-$26-$26
Total Functional Expenses$194,939$72,929$0$267,868

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$267,868
Total Expenses per Audited Statements$267,868
Total Expenses per Form 990$267,868
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
Due to Affiliate$63,466
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

There shall be an executive committee of the corporation which shall consist of the officers of the corporation. This committee shall, whenever in its judgment it appears necessary, act for the corporation between meetings of the board of directors.

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

The directors of this organization shall be appointed by inglis housing corporation (housing).

Form 990, Part VI, Section B, Line 11

The prepared 990 was reviewed by the audit committee and provided to each member of the board of directors prior to being filed with the irs.

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

Any duality of interest or possible conflict of interest on the part of any director shall be disclosed to the other directors and made a matter of record not later than when the interest becomes a matter of board action. No officer or director of housing or the corporation shall have any financial interest in the project assisted under section 811 of the national affordable housing act. Any director having a duality of interest or possible conflict of interest on any matter shall not vote or use personal influence on the matter, shall leave the room during discussion and voting, and such director shall not be counted in determining the quorum for the meeting, even where permitted by law. The minutes of the meeting shall reflect that disclosure was made, the abstention from voting, that the director left the room during discussion and voting, and the quorum situation.

Form 990, Part VI, Section B, Line 15

The parent organization, inglis foundation, retains an external firm to conduct market studies and make recommendations for compensation. Executive compensation is evaluated annually and the findings are presented to the "committee on the board" for approval of compensation package. The foundation's "committee on the board" is a subcommittee of the board that is responsible for compensation review, and the decisions regarding compensation are documented in committee meeting minutes. An annual benchmark is conducted for executive compensation and for any position that is in high demand, and an external firm provides overall trends for the year. Compensation has been reviewed in 2014.

Form 990, Part VI, Section C, Line 19

The organization makes the governing documents, conflict of interest policy, and financial statements available to the public upon request.

FORM 990, PART VII, LINE 1A:

Board meetings the board for evesham section 811 housing corporation has four meetings per year, each meeting lasting about 15 minutes.

Filing and Contact Details

Filer

EIN
23-3079514
Phone
2158785600

Signing Officer

Name
Kevin Kelly
Title
CFO
Phone
2158785600
Signed
2014-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Kelly
Formed
2003
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Preparer
Julius Green CPA
Phone
2159720701
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

Tenant security deposits: the project holds in trust security deposit amounts advanced by the tenants of the project upon move-in. The project records these deposits plus interest as a liability.

PART X, LINE 2:

The corporation accounts for uncertainty in income taxes using a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined there were no tax uncertainties that met the recognition threshold in 2014 and 2013. The corporation's federal exempt organization business income tax returns for the years prior to 2011 are no longer subject to examination by the internal revenue service.

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IRS990/Desc0PROVIDED HUD-FUNDED WHEELCHAIR ACCESSIBLE HOUSING TO LOW INCOME PEOPLE WITH PHYSICAL DISABILITIES AT ITS 16-UNIT APARTMENT COMPLEX. DURING FY 2014, INGLIS GARDENS AT EVESHAM MAINTAINED NEARLY 100% OCCUPANCY IN THE 16 APARTMENTS.INGLIS GARDENS AT EVESHAM OPENED IN SEPTEMBER 2003 AND FEATURES 16 ONE-BEDROOM ACCESSIBLE APARTMENTS DESIGNED FOR PEOPLE WITH PHYSICAL DISABILITIES WHO REQUIRE WHEELCHAIRS. THE APARTMENTS ARE FOR RENT BY LOW OR VERY LOW INCOME INDIVIDUALS, 18 YEARS OF AGE OR OLDER, WHO CAN LIVE INDEPENDENTLY.TENANTS MAY ALSO TAKE ADVANTAGE OF OTHER INGLIS PROGRAMS, INCLUDING:CARE MANAGEMENT - HELPING CLIENTS WITH PHYSICAL DISABILITIES TO ARRANGE AND MANAGE THE RESOURCES NECESSARY TO MAINTAIN A HEALTHY, INDEPENDENT LIFESTYLE.COMMUNITY EMPLOYMENT SERVICES - FINDING EMPLOYMENT OPPORTUNITIES AND PROVIDING JOB COACHING AND TRAINING.ADULT DAY PROGRAM - PROVIDING STIMULATING SOCIAL, EDUCATIONAL, THERAPEUTIC AND WELLNESS ACTIVITIES.
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IRS990/OtherExpensesGrp/TotalAmt1992
IRS990/OtherExpensesGrp/TotalAmt272
IRS990/OtherExpensesGrp/TotalAmt370
IRS990/OtherLiabilitiesGrp/BOYAmt040000
IRS990/OtherLiabilitiesGrp/EOYAmt063466
IRS990/OtherRevenueMiscGrp/BusinessCd0532000
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/ExclusionAmt0827
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0827
IRS990/OtherRevenueTotalAmt0827
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt024917
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt022660
IRS990/OtherSalariesAndWagesGrp/TotalAmt047577
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01924
IRS990/PayrollTaxesGrp/ProgramServicesAmt01750
IRS990/PayrollTaxesGrp/TotalAmt03674
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01140
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01037
IRS990/PensionPlanContributionsGrp/TotalAmt02177
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012745
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017098
IRS990/PrincipalOfficerNm0KEVIN KELLY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0174461
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0174461
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0279
IRS990/PYOtherExpensesAmt0206756
IRS990/PYOtherRevenueAmt01121
IRS990/PYProgramServiceRevenueAmt0172334
IRS990/PYRevenuesLessExpensesAmt0-89975
IRS990/PYSalariesCompEmpBnftPaidAmt056953
IRS990/PYTotalExpensesAmt0263709
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0173734
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-92402
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0174461
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012897
IRS990/SavingsAndTempCashInvstGrp/EOYAmt043572
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0LAUNDRY AND VENDING MACHINE REVENUE - 2009 AMOUNT: $ 1,654. 2010 AMOUNT: $ 1,867. 2011 AMOUNT: $ 1,243. 2012 AMOUNT: $ 1,121. 2013 AMOUNT: $ 827.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0178
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0279
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0291
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0470
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0748
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01966
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0174461
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0172334
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0154980
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0149869
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0150373
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0802017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0178
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0291
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0470
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0748
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01966
IRS990ScheduleA/InvestmentIncomeCYPct00.00240
IRS990ScheduleA/InvestmentIncomePYPct00.00490
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0827
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01121
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01243
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01867
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01654
IRS990ScheduleA/OtherIncome509Grp/TotalAmt06712
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96310
IRS990ScheduleA/PublicSupportPY509Pct00.95580
IRS990ScheduleA/PublicSupportTotal509Amt0780811
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt03010
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt03016
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt03128
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt03658
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt08394
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt021206
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt03010
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt03016
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt03128
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt03658
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt08394
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt021206
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0174461
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0172334
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0154980
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0149869
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0150373
IRS990ScheduleA/Total509Grp/TotalAmt0802017
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0175466
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0173734
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0156514
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0152206
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0152775
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0810695
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01303905
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01141238
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02445143
IRS990ScheduleD/EquipmentGrp/BookValueAmt07264
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056982
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt064246
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0267868
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03794
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt171343
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt269627
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt312897
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt063466
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0175466
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS: THE PROJECT HOLDS IN TRUST SECURITY DEPOSIT AMOUNTS ADVANCED BY THE TENANTS OF THE PROJECT UPON MOVE-IN. THE PROJECT RECORDS THESE DEPOSITS PLUS INTEREST AS A LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2014 AND 2013. THE CORPORATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR THE YEARS PRIOR TO 2011 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01311170
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0157661
IRS990ScheduleD/TotalExpensesPerForm990Amt0267868
IRS990ScheduleD/TotalLiabilityAmt063466
IRS990ScheduleD/TotalRevenuePerForm990Amt0175466
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0175466
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0267868
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0380273
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1204272
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt011700
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt16419
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.01$0.67$0.34$0.20$0.42$0.23
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.47$0.57$0.06$0.29$0.23
2022Detailed filing. Detailed filing data is available for this year.$1.08$0.29$0.79$0.18$0.38$0.20
2021Detailed filing. Detailed filing data is available for this year.$1.14$0.15$0.99$0.19$0.25$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.20$0.14$1.06$0.17$0.22$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.14$1.11$0.21$0.22$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.17$1.11$0.18$0.26$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.11$1.19$0.19$0.25$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.36$0.11$1.25$0.23$0.26$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.42$0.14$1.28$0.18$0.34$0.16
2014Detailed filing. Detailed filing data is available for this year.$1.53$0.09$1.44$0.18$0.27$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.07$1.54$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.07$1.63$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.07$1.72$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.07$1.83$0.25