Civic Intelligence

Simpson MID-Town Inc.

990 • Fiscal year 2013 • EIN 23-3089337

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 23, 2014

Organization ProfileN/A
150 Monument Drive No 10519004

(610) 660-0112

Siviq Scores

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

Liabilities / Assets

95th percentile

1.32x

Higher debt load relative to assets than 95% of similar nonprofits.

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

Liabilities / Revenue

99th percentile

22.25x

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

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

Net Margin

4th percentile

-65%

Higher net margin than 4% of similar nonprofits.

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

Top Officer Pay

96th percentile

$342,762

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 122.4% of source-year revenue.

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

Asset Growth

25th percentile

-3.4%

Faster asset growth than 25% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$4,733,743

Down $168,148 (-3.4%) from 2012

Net Assets

Down

-$1,497,828

Down $183,176 (-14%) from 2012

Liabilities

Up

$6,231,571

Up $15,028 (+0.2%) from 2012

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin4th percentile

Revenue

$280,064

No earlier filing loaded for comparison.

Expenses

Up

$463,240

Up $14,247 (+3.2%) from 2012

Net Income

-$183,176

No earlier filing loaded for comparison.

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

2013

Assets$4,733,743
Liabilities$6,231,571
Net Assets-$1,497,828
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2013

Revenue$280,064
Expenses$463,240
Net Income-$183,176
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 23, 2014
Return Version
2013v3.0
Gross Receipts
$285,464
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$4,667,074$4,503,559▼ $163,515
Cash and Non-Interest-Bearing Accounts$4,086$18,191▲ $14,105
Prepaid Expenses and Deferred Charges$4,862$4,753▼ $109
Accounts Receivable$625$2,118▲ $1,493
Total Assets$4,901,891$4,733,743▼ $168,148
Other Assets Total$225,244$205,122▼ $20,122
Liabilities
Other Liabilities$5,598,793$5,597,710▼ $1,083
Mortgage Notes Payable Secured by Investment Property$600,000$600,000→ $0
Accounts Payable and Accrued Expenses$17,750$33,861▲ $16,111
Total Liabilities$6,216,543$6,231,571▲ $15,028
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,481$3,686▲ $205
Unrestricted Net Assets$-1,318,133$-1,501,514▼ $183,381
Total Net Assets Fund Balance$-1,314,652$-1,497,828▼ $183,176
Total Liabilities and Net Assets / Fund Balance$4,901,891$4,733,743▼ $168,148

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,447,980$1,715,775$6,163,755
Leasehold Improvements$43,579$88,952$132,531
Land$12,000-$12,000
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Toni McclayCOO-$118,064$118,064
Russell AlexanderManagerPT$49,769$49,769

Board Members and Trustees

NameTitle
Rev George ClarkChairperson
Kim WilliamsPresident/CEO
Marcus LukVice Chair
James J KoniszewskiCFO: RELATED ORGANIZATION
Diane MonroeMember
Milicent ClarkMember
Wilhelmina YoungSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,254
Program Service Revenue
$282,118
Investment Income
$-3,679
Other Revenue
$371
All Other Contributions
$1,254
Change in Net Assets
$-183,176

Audited Revenue Reconciliation

Revenue per Audited Statements
$280,064
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$280,064
Total Revenue per Form 990
$280,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$372,354
Salaries, Compensation, and Employee Benefits$90,886
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$218,433--$218,433
Other Salaries and Wages$29,060$44,082-$73,142
Occupancy$33,541--$33,541
Fees for Services Management-$22,680-$22,680
Office Expenses$5,368$15,806-$21,174
Fees for Services Other$15,985--$15,985
Other Employee Benefits$11,994--$11,994
Fees for Services Accounting-$9,720-$9,720
Insurance$7,694--$7,694
Payroll Taxes$5,750--$5,750
All Other Expenses-$2,616-$2,616
Fees for Services Legal-$2,368-$2,368
Other Expenses$2,225--$2,225
Conferences and Meetings-$750-$750
Advertising-$440-$440
Total Functional Expenses$364,778$98,462$0$463,240

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$463,240
Total Expenses per Audited Statements$463,240
Total Expenses per Form 990$463,240
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 Affliate$178,328
Security Deposits$9,082
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

EIN
23-3089337
Phone
6106600112

Signing Officer

Name
James J Koniszewski
Title
CFO
Phone
6106600112
Signed
2014-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Williams
Formed
2004
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
5

Preparer

Preparer
James D Watson
Phone
2156433900
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“No change to the organization's oversight process.”

Financial Statement Notes

PART X, LINE 2:

“Simpson midtown 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 simpson midtown's financial statements. Simpson midtown's tax returns are subject to review and examination by federal, state and local authorities. The tax returns for the years 2010 to 2012 are open to examination by federal, local and state authorities.”

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IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc2TRASH REMOVAL
IRS990/OtherExpensesGrp/Desc3LICENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt014282
IRS990/OtherExpensesGrp/ProgramServicesAmt112000
IRS990/OtherExpensesGrp/ProgramServicesAmt28446
IRS990/OtherExpensesGrp/ProgramServicesAmt32225
IRS990/OtherExpensesGrp/TotalAmt014282
IRS990/OtherExpensesGrp/TotalAmt112000
IRS990/OtherExpensesGrp/TotalAmt28446
IRS990/OtherExpensesGrp/TotalAmt32225
IRS990/OtherLiabilitiesGrp/BOYAmt05598793
IRS990/OtherLiabilitiesGrp/EOYAmt05597710
IRS990/OtherRevenueMiscGrp/BusinessCd0623000
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0371
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0371
IRS990/OtherRevenueTotalAmt0371
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt044082
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt029060
IRS990/OtherSalariesAndWagesGrp/TotalAmt073142
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt05750
IRS990/PayrollTaxesGrp/TotalAmt05750
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04862
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04753
IRS990/PrincipalOfficerNm0KIM WILLIAMS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/Desc0RENTS, INCLUDING ASSIS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0282118
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01128
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-1155
IRS990/PYOtherExpensesAmt0368798
IRS990/PYOtherRevenueAmt0115
IRS990/PYProgramServiceRevenueAmt0282602
IRS990/PYRevenuesLessExpensesAmt0-166303
IRS990/PYSalariesCompEmpBnftPaidAmt080195
IRS990/PYTotalExpensesAmt0448993
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0282690
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-183176
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0282118
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01254
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01128
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0686
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01233
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0426
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04727
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0191
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0194
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0405
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0740
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01172
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02702
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0282118
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0282602
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0242444
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0228878
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0224059
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01260101
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0191
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0194
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0405
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0740
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01172
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02702
IRS990ScheduleA/InvestmentIncomeCYPct00.00210
IRS990ScheduleA/InvestmentIncomePYPct00.00380
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01420
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0115
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01730
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04276
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08051
IRS990ScheduleA/OtherIncome509Grp/TotalAmt015592
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97370
IRS990ScheduleA/PublicSupportPY509Pct00.95310
IRS990ScheduleA/PublicSupportTotal509Amt01249330
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt02297
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt02832
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt03343
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt03351
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt03675
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt015498
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt02297
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt02832
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt03343
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt03351
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt03675
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt015498
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0283372
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0283730
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0243130
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0230111
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0224485
IRS990ScheduleA/Total509Grp/TotalAmt01264828
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0284983
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0284039
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0245265
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0235127
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0233708
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01283122
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04447980
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01715775
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06163755
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0463240
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt012000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt043579
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt088952
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0132531
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05410300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1178328
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt29082
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HUD CAPITAL ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFLIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0280064
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SIMPSON MIDTOWN 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 SIMPSON MIDTOWN'S FINANCIAL STATEMENTS. SIMPSON MIDTOWN'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2010 TO 2012 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL AND STATE AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04503559
IRS990ScheduleD/TotalExpensesPerForm990Amt0463240
IRS990ScheduleD/TotalLiabilityAmt05597710
IRS990ScheduleD/TotalRevenuePerForm990Amt0280064
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0280064
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0463240
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/BonusRelatedOrganizationsAmt019333
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0280498
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1223016
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt015000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt019242
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt18922
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00

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Filings

Displayed year

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

Open filing
Assets
$4,733,743
Liabilities
$6,231,571
Net assets
-$1,497,828
Revenue
$280,064
Expenses
$463,240
Net income
-$183,176
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