Civic Intelligence

Simpson MID-Town Inc.

990 • Fiscal year 2015 • EIN 23-3089337

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 11, 2016

Organization ProfileN/A
150 Monument Drive No 105Bala Cynwyd, PA 19004

(610) 660-0112

Siviq Scores

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

Liabilities / Assets

96th percentile

1.43x

Higher debt load relative to assets than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

21.48x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

5th percentile

-64%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

96th percentile

$357,294

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 123.2% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

25th percentile

-4.3%

Faster asset growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

46th percentile

2.1%

Faster revenue growth than 46% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$4,354,964

Down $195,890 (-4.3%) from 2014

Net Assets

Down

-$1,872,756

Down $185,613 (-11%) from 2014

Liabilities

Down

$6,227,720

Down $10,277 (-0.2%) from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin5th percentile

Revenue

Up

$289,955

Up $5,826 (+2.1%) from 2014

Expenses

Up

$475,568

Up $2,124 (+0.4%) from 2014

Net Income

Up

-$185,613

Up $3,702 (+2.0%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $5,260,924Liabilities 2010: $6,221,974Net Assets 2010: -$961,0502010Assets 2011: $5,070,981Liabilities 2011: $6,219,330Net Assets 2011: -$1,148,3492011Assets 2012: $4,901,891Liabilities 2012: $6,216,543Net Assets 2012: -$1,314,6522012Assets 2013: $4,733,743Liabilities 2013: $6,231,571Net Assets 2013: -$1,497,8282013Assets 2014: $4,550,854Liabilities 2014: $6,237,997Net Assets 2014: -$1,687,1432014Assets 2015: $4,354,964Liabilities 2015: $6,227,720Net Assets 2015: -$1,872,7562015Assets 2016: $4,174,500Liabilities 2016: $6,231,009Net Assets 2016: -$2,056,5092016Assets 2017: $3,978,360Liabilities 2017: $6,234,148Net Assets 2017: -$2,255,7882017Assets 2018: $3,765,976Liabilities 2018: $6,231,434Net Assets 2018: -$2,465,4582018Assets 2019: $3,539,211Liabilities 2019: $6,049,981Net Assets 2019: -$2,510,7702019Assets 2020: $3,380,572Liabilities 2020: $6,035,727Net Assets 2020: -$2,655,1552020Assets 2021: $3,207,712Liabilities 2021: $6,064,760Net Assets 2021: -$2,857,0482021Assets 2022: $3,060,132Liabilities 2022: $6,121,146Net Assets 2022: -$3,061,0142022Assets 2023: $2,959,172Liabilities 2023: $6,236,952Net Assets 2023: -$3,277,7802023Assets 2024: $2,822,571Liabilities 2024: $6,340,840Net Assets 2024: -$3,518,2692024

Highlighted filing

2015

Assets$4,354,964
Liabilities$6,227,720
Net Assets-$1,872,756
Open 2015 Filing

Operations Trend

Revenue Growth46th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $418,1972010Expenses 2011: $423,6842011Expenses 2012: $448,9932012Revenue 2013: $280,064Expenses 2013: $463,240Net Income 2013: -$183,1762013Revenue 2014: $284,129Expenses 2014: $473,444Net Income 2014: -$189,3152014Revenue 2015: $289,955Expenses 2015: $475,568Net Income 2015: -$185,6132015Revenue 2016: $313,410Expenses 2016: $497,163Net Income 2016: -$183,7532016Revenue 2017: $316,836Expenses 2017: $516,115Net Income 2017: -$199,2792017Revenue 2018: $325,378Expenses 2018: $535,048Net Income 2018: -$209,6702018Revenue 2019: $355,447Expenses 2019: $583,048Net Income 2019: -$227,6012019Revenue 2020: $346,048Expenses 2020: $490,433Net Income 2020: -$144,3852020Revenue 2021: $360,790Expenses 2021: $562,683Net Income 2021: -$201,8932021Revenue 2022: $412,583Expenses 2022: $616,549Net Income 2022: -$203,9662022Revenue 2023: $393,620Expenses 2023: $610,386Net Income 2023: -$216,7662023Revenue 2024: $385,032Expenses 2024: $625,521Net Income 2024: -$240,4892024

Highlighted filing

2015

Revenue$289,955
Expenses$475,568
Net Income-$185,613
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 11, 2016
Return Version
2015v2.1
Gross Receipts
$289,955
Mission and Program Overview

Mission

Simpson mid-town owns and operates a 40-unit residential housing project that provides housing and other services to elderly, low income residents in the greater philadelphia, pa area. The project was funded through a grant from the department of housing and urban development (hud). Rents are controlled by hud.

To provide hud funded housing for the low-income and elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,300,609$4,100,250▼ $200,359
Cash and Non-Interest-Bearing Accounts$29,717$29,496▼ $221
Accounts Receivable$304$7,079▲ $6,775
Prepaid Expenses and Deferred Charges$5,690$2,645▼ $3,045
Total Assets$4,550,854$4,354,964▼ $195,890
Other Assets Total$214,534$215,494▲ $960
Liabilities
Other Liabilities$5,597,840$5,597,589▼ $251
Mortgage Notes Payable Secured by Investment Property$600,000$600,000→ $0
Accounts Payable and Accrued Expenses$40,157$29,739▼ $10,418
Deferred Revenue-$392-
Total Liabilities$6,237,997$6,227,720▼ $10,277
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,759$4,759→ $0
Unrestricted Net Assets$-1,691,902$-1,877,515▼ $185,613
Total Net Assets Fund Balance$-1,687,143$-1,872,756▼ $185,613
Total Liabilities and Net Assets / Fund Balance$4,550,854$4,354,964▼ $195,890

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,066,823$2,130,013$6,196,836
Leasehold Improvements$21,427$115,956$137,383
Land$12,000-$12,000
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Russel AlexanderManagerPT$31,678$16,037$47,715

Board Members and Trustees

NameTitle
Rhonda KarpChair
Kim W WilliamsPresident/CEO
Mary Ann HoffmanVice Chair
Janis Moore CampbellDirector
Jerry D PooleDirector
Rev Anita PowellDirector
Rev James D AndermanDirector
William S BremnerDirector
James KoniszewskiCFO; RELATED ORG
Toni McclayCOO; RELATED ORG
Firas SaidiSecretary
Alvin KingcadeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$289,505
Investment Income
$107
Other Revenue
$343
Change in Net Assets
$-185,613

Audited Revenue Reconciliation

Revenue per Audited Statements
$289,955
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$289,955
Total Revenue per Form 990
$289,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$369,025
Salaries, Compensation, and Employee Benefits$106,543
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$218,882--$218,882
Other Salaries and Wages$5,424$44,825-$50,249
Current Officers, Directors, Trustees, and Key Employees$47,715--$47,715
Occupancy$34,973--$34,973
Office Expenses$4,765$19,325-$24,090
Fees for Services Management-$23,160-$23,160
Fees for Services Other$16,789--$16,789
Fees for Services Accounting-$12,000-$12,000
Insurance$8,345--$8,345
Payroll Taxes$6,424--$6,424
Other Employee Benefits$2,155--$2,155
Other Expenses$1,667--$1,667
Advertising-$725-$725
Conferences and Meetings-$44-$44
Total Functional Expenses$375,489$100,079$0$475,568

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$475,568
Total Expenses per Audited Statements$475,568
Total Expenses per Form 990$475,568
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
Hud Capital Advance$5,410,300
Due to Affiliate$178,141
Secuirty Deposits$9,148
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

“Simpson senior services has the right to elect the board of members.”

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

“Bylaws may be altered, amended, or repealed by the vote of the board of directos at any regualr or special meeting convened after notice to the directors of that purpose, but subject to written approval of simpson senior services.”

Form 990, Part VI, Section B, Line 11

“Simpson mid-town inc. Presents the form 990 to the board of directors prior to filing at the meeting of the board of directors prior to filing due date.”

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

“All officers and members of the board are subject to the conflict of interest policy. All significant new contracts are subject to board approval. Ongoing contracts are reviewed for any known potential conflict of interest. If a conflict arises, level at which the determination of a conflict of interest exists is determined at the board level. Conflicts of interests are reviewed at the board level. Any individual with a conflict of interest is abstained from board discussions and decisions where any conflict would be present.”

Form 990, Part VI, Section C, Line 19

“The organization's website states that the governing documents, confict of interest policies, and financial statements are available to inquiring individuals upon request and directs the inquiring person to the responsible individual within the organization. The form 990 is also available for public inspection on guidestar.com. This process is consistent with prior years.”

Filing and Contact Details

Filer

Filer Name
Simpson Mid-town
EIN
23-3089337
Phone
6106600112
Address
150 MONUMENT DRIVE NO 105, BALA CYNWYD, PA 19004

Signing Officer

Name
Bonnie Chandler
Title
Interim CFO
Phone
6106600112
Signed
2016-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Williams
Formed
2004
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Cliftonlarsonallen Llp
Address
610 W GERMANTOWN PIKE STE 400, PLYMOUTH MEETING, PA 19462
Preparer
BERNADETTE O'TOOLE CPA
Phone
2156433900
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The project has been granted exempt status from federal and state income taxes under section 501(c)(3) of the internal revenue code and applicable state codes. The project follows the guidance in the income tax standard regarding the recognition and measurement of uncertain tax positions. The guidance clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements. The guidance further prescribes recognition and measurement of tax provisions taken or expected to be taken on a tax return that are not certain to be realized. The application of this standard has no impact on the project's financial statements. The project's tax returns are subject to review and examination by federal, state and local authorities.”

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IRS990/GrossReceiptsAmt0289955
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt08345
IRS990/InsuranceGrp/TotalAmt08345
IRS990/InvestmentIncomeGrp/ExclusionAmt0107
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0107
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02245969
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04300609
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04100250
IRS990/LandBldgEquipCostOrOtherBssAmt06346219
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt0343
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0343
IRS990/MissionDesc0SIMPSON MID-TOWN OWNS AND OPERATES A 40-UNIT RESIDENTIAL HOUSING PROJECT THAT PROVIDES HOUSING AND OTHER SERVICES TO ELDERLY, LOW INCOME RESIDENTS IN THE GREATER PHILADELPHIA, PA AREA. THE PROJECT WAS FUNDED THROUGH A GRANT FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). RENTS ARE CONTROLLED BY HUD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0600000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0600000
IRS990/NetAssetsOrFundBalancesBOYAmt0-1687143
IRS990/NetAssetsOrFundBalancesEOYAmt0-1872756
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt034973
IRS990/OccupancyGrp/TotalAmt034973
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019325
IRS990/OfficeExpensesGrp/ProgramServicesAmt04765
IRS990/OfficeExpensesGrp/TotalAmt024090
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0214534
IRS990/OtherAssetsTotalGrp/EOYAmt0215494
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02155
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02155
IRS990/OtherExpensesGrp/Desc0SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2TRASH REMOVAL
IRS990/OtherExpensesGrp/Desc3LICENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt013654
IRS990/OtherExpensesGrp/ProgramServicesAmt18050
IRS990/OtherExpensesGrp/ProgramServicesAmt26646
IRS990/OtherExpensesGrp/ProgramServicesAmt31667
IRS990/OtherExpensesGrp/TotalAmt013654
IRS990/OtherExpensesGrp/TotalAmt18050
IRS990/OtherExpensesGrp/TotalAmt26646
IRS990/OtherExpensesGrp/TotalAmt31667
IRS990/OtherLiabilitiesGrp/BOYAmt05597840
IRS990/OtherLiabilitiesGrp/EOYAmt05597589
IRS990/OtherRevenueTotalAmt0343
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt044825
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05424
IRS990/OtherSalariesAndWagesGrp/TotalAmt050249
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt06424
IRS990/PayrollTaxesGrp/TotalAmt06424
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05690
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02645
IRS990/PrincipalOfficerNm0KIM WILLIAMS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/Desc0RENTS, INCLUDING ASSIS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0289505
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0289505
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01073
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-1064
IRS990/PYOtherExpensesAmt0378838
IRS990/PYOtherRevenueAmt0231
IRS990/PYProgramServiceRevenueAmt0283889
IRS990/PYRevenuesLessExpensesAmt0-189315
IRS990/PYSalariesCompEmpBnftPaidAmt094606
IRS990/PYTotalExpensesAmt0473444
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0284129
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-185613
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0289505
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01073
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01254
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01128
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0686
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04141
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0107
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0166
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0191
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0194
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0405
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01063
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0289505
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0283889
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0282118
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0282602
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0242444
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01380558
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0107
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0166
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0191
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0194
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0405
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01063
IRS990ScheduleA/InvestmentIncomeCYPct00.00080
IRS990ScheduleA/InvestmentIncomePYPct00.00130
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0343
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0231
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01420
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0115
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01730
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03839
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98990
IRS990ScheduleA/PublicSupportPY509Pct00.98350
IRS990ScheduleA/PublicSupportTotal509Amt01375549
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0678
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt02297
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt02832
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt03343
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt09150
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0678
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt02297
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt02832
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt03343
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt09150
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0289505
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0284962
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0283372
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0283730
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0243130
IRS990ScheduleA/Total509Grp/TotalAmt01384699
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0289955
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0285359
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0284983
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0284039
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0245265
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01389601
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04066823
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02130013
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06196836
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0475568
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt012000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt021427
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0115956
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0137383
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05410300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1178141
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt29148
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HUD CAPITAL ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECUIRTY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0289955
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT HAS BEEN GRANTED EXEMPT STATUS FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE PROJECT FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE PROJECT'S FINANCIAL STATEMENTS. THE PROJECT'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04100250
IRS990ScheduleD/TotalExpensesPerForm990Amt0475568
IRS990ScheduleD/TotalLiabilityAmt05597589
IRS990ScheduleD/TotalRevenuePerForm990Amt0289955
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0289955
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0475568
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,354,964
Liabilities
$6,227,720
Net assets
-$1,872,756
Revenue
$289,955
Expenses
$475,568
Net income
-$185,613
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$6.34$3.52$0.39$0.63$0.24
2023Detailed filing. Detailed filing data is available for this year.$2.96$6.24$3.28$0.39$0.61$0.22
2022Detailed filing. Detailed filing data is available for this year.$3.06$6.12$3.06$0.41$0.62$0.20
2021Detailed filing. Detailed filing data is available for this year.$3.21$6.06$2.86$0.36$0.56$0.20
2020Detailed filing. Detailed filing data is available for this year.$3.38$6.04$2.66$0.35$0.49$0.14
2019Detailed filing. Detailed filing data is available for this year.$3.54$6.05$2.51$0.36$0.58$0.23
2018Detailed filing. Detailed filing data is available for this year.$3.77$6.23$2.47$0.33$0.54$0.21
2017Detailed filing. Detailed filing data is available for this year.$3.98$6.23$2.26$0.32$0.52$0.20
2016Detailed filing. Detailed filing data is available for this year.$4.17$6.23$2.06$0.31$0.50$0.18
2015Detailed filing. Detailed filing data is available for this year.$4.35$6.23$1.87$0.29$0.48$0.19
2014Detailed filing. Detailed filing data is available for this year.$4.55$6.24$1.69$0.28$0.47$0.19
2013Detailed filing. Detailed filing data is available for this year.$4.73$6.23$1.50$0.28$0.46$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.90$6.22$1.31$0.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.07$6.22$1.15$0.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.26$6.22$0.96$0.42