Civic Intelligence

Oyster Bay Urban Renewal Inc

EIN 23-7242529 • 501(c)3 • Keyport, NJ

Profile

The purpose of the corporation is to build and operate low and moderate income housing under a section 236 interest reduction program for 208 units.

50 Beers StreetKeyport, NJ 07735

coughlinmgt.com/OYSTER-BAY

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.63x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

3.60x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

70th percentile

16%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

39th percentile

1.9%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

44th percentile

4.6%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$24,121,062

Up $491,944 (+2.1%) from 2023

Liabilities

Down

$15,316,325

Down $258,628 (-1.7%) from 2023

Net Assets

Up

$8,804,737

Up $750,572 (+9.3%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin70th percentile

Revenue

Up

$4,249,761

Up $328,345 (+8.4%) from 2023

Expenses

Up

$3,551,107

Up $117,985 (+3.4%) from 2023

Net Income

Up

$698,654

Up $210,360 (+43%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth39th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2017: $8,120,854Liabilities 2017: $7,054,869Net Assets 2017: $1,065,9852017Assets 2018: $8,156,645Liabilities 2018: $5,325,505Net Assets 2018: $2,831,1402018Assets 2019: $8,155,833Liabilities 2019: $3,818,190Net Assets 2019: $4,337,6432019Assets 2020: $25,043,730Liabilities 2020: $19,423,600Net Assets 2020: $5,620,1302020Assets 2021: $23,097,142Liabilities 2021: $16,172,355Net Assets 2021: $6,924,7872021Assets 2022: $23,250,569Liabilities 2022: $15,700,736Net Assets 2022: $7,549,8332022Assets 2023: $23,629,118Liabilities 2023: $15,574,953Net Assets 2023: $8,054,1652023Assets 2024: $24,121,062Liabilities 2024: $15,316,325Net Assets 2024: $8,804,7372024

Highlighted filing

2024

Assets$24,121,062
Liabilities$15,316,325
Net Assets$8,804,737
Open 2024 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2017: $1,666,606Expenses 2017: $1,302,425Net Income 2017: $364,1812017Revenue 2018: $3,283,542Expenses 2018: $1,518,383Net Income 2018: $1,765,1592018Revenue 2019: $3,069,904Expenses 2019: $1,563,399Net Income 2019: $1,506,5052019Revenue 2020: $3,631,912Expenses 2020: $2,349,424Net Income 2020: $1,282,4882020Revenue 2021: $4,221,120Expenses 2021: $2,916,462Net Income 2021: $1,304,6582021Revenue 2022: $3,882,737Expenses 2022: $3,257,691Net Income 2022: $625,0462022Revenue 2023: $3,921,416Expenses 2023: $3,433,122Net Income 2023: $488,2942023Revenue 2024: $4,249,761Expenses 2024: $3,551,107Net Income 2024: $698,6542024

Highlighted filing

2024

Revenue$4,249,761
Expenses$3,551,107
Net Income$698,654
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,121,062
Liabilities
$15,316,325
Net assets
$8,804,737
Revenue
$4,249,761
Expenses
$3,551,107
Net income
$698,654
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.1$15.3$8.80$4.25$3.55$0.70
2023Detailed filing. Detailed filing data is available for this year.$23.6$15.6$8.05$3.92$3.43$0.49
2022Detailed filing. Detailed filing data is available for this year.$23.3$15.7$7.55$3.88$3.26$0.63
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.1$16.2$6.92$4.22$2.92$1.30
2020Detailed filing. Detailed filing data is available for this year.$25.0$19.4$5.62$3.63$2.35$1.28
2019Detailed filing. Detailed filing data is available for this year.$8.16$3.82$4.34$3.07$1.56$1.51
2018Detailed filing. Detailed filing data is available for this year.$8.16$5.33$2.83$3.28$1.52$1.77
2017Detailed filing. Detailed filing data is available for this year.$8.12$7.05$1.07$1.67$1.30$0.36
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jun 25, 2025
Return Version
2023v6.0
Gross Receipts
$4,249,761
Mission and Program Overview

Mission

The organization was formed to provide affordable senior housing for low income senior citizens

The purpose of the corporation is to build and operate low and moderate income housing under a section 236 interest reduction program for 208 units.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,653,659$16,042,574▲ $388,915
Investments in Publicly Traded Securities$1,421,156$3,743,908▲ $2,322,752
Cash and Non-Interest-Bearing Accounts$144,819$372,697▲ $227,878
Prepaid Expenses and Deferred Charges$99,669$126,804▲ $27,135
Accounts Receivable$10,757$5,594▼ $5,163
Total Assets$23,629,118$24,121,062▲ $491,944
Other Assets Total$6,299,058$3,829,485▼ $2,469,573
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,270,362$15,099,468▼ $170,894
Other Liabilities$145,129$138,849▼ $6,280
Accounts Payable and Accrued Expenses$159,462$78,008▼ $81,454
Total Liabilities$15,574,953$15,316,325▼ $258,628
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,517,506$6,051,613▲ $534,107
Net Assets With Donor Restrictions$2,536,659$2,753,124▲ $216,465
Total Net Assets Fund Balance$8,054,165$8,804,737▲ $750,572
Total Liabilities and Net Assets / Fund Balance$23,629,118$24,121,062▲ $491,944

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,023,424$7,331,330$22,354,754
Leasehold Improvements$532,738$180,176$712,914
Equipment$315,227$245,853$561,080
Land$171,185-$171,185
Other Assets Org$6,500--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Joseph CareyPresident
Chris BurnsVice President
Cynthia WeberDirector
Nicholas VecchioDirector
Michael WallingSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cmc Limited INCEmployee LeasingPO BOX 266, Adelphia, NJ 07710$474,578
World Insurance Associates LLCInsurance650 CLARK AVE B, King Of Prussia, PA 19406$366,349
Coughlin Management CompanyProperty ManagementPO BOX 266, Adelphia, NJ 07710$175,868
Revenue and Support

Revenue Composition

Contributions and Grants
$2,623,792
Program Service Revenue
$1,472,259
Investment Income
$124,018
Other Revenue
$29,692
Change in Net Assets
$698,654

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,249,761
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$51,918
Total Revenue per Audited Statements
$4,301,679
Total Revenue per Form 990
$4,249,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,551,107
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$767,265$7,750-$775,015
Depreciation Depletion$520,774$5,260-$526,034
Insurance$387,567$3,915-$391,482
All Other Expenses$305,352$36,969-$342,321
Other Expenses$326,322$4,254-$326,322
Fees for Services Management-$175,868-$175,868
Fees for Services Other$45,023--$45,023
Fees for Services Accounting$19,225$12,960-$32,185
Office Expenses$3,799$24,295-$28,094
Fees for Services Legal-$3,764-$3,764
Advertising$139--$139
Total Functional Expenses$3,073,556$477,551$0$3,551,107

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,551,107
Total Expenses per Audited Statements$3,551,107
Total Expenses per Form 990$3,551,107
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$136,854
Unearned Revenue$1,995
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The corporation does delegate control to coughlin management company in regards to property management and for employees they delegate this to cmc limited, inc.”

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

“Board members meet to review and approve form 990 prior to filing.”

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

“Per the conflict-of- interest policy, the vendor lists are reviewed periodically with the board of directors to ensure there are no conflicts of interest. If there are any conflicts of interest with a specific board member, the board member will abstain from voting on any approvals for such contractor or payment submission. Any potential conflicts of interest are discussed openly at board meetings. An annual conflict of interest disclosure form is also filed by each board member annually.”

Form 990, Part VI, Section C, Line 19

“A copy of the irs form 1023, annual financial statement, irs form 990 and the governing documents are available upon request from the organization. In addition, the annual financial statement and form 990 are available to the general public on the internet at www.guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Oyster Bay Urban Renewal Inc
EIN
23-7242529
Phone
7322642711
Address
50 BEERS STREET, KEYPORT, NJ 07735

Signing Officer

Name
Joseph Carey
Title
President
Phone
7322642711
Signed
2025-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Carey
Formed
1972
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
5
Employees
9
Volunteers
0

Preparer

Firm
Holman Frenia Allison Pc
Address
1985 CEDAR BRIDGE AVENUE SUITE 3, LAKEWOOD, NJ 08701
Phone
7327971333
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization is a non-profit entity as described in section 501(c)(3) of the internal revenue code and is exempt from federal and state income taxes. Accordingly, there is no provision for income taxes. The organization has been classified as an organization other than a private foundation under section 509(a)(2). The organization is required to file form 990, return of organization exempt from income tax, with the internal revenue service. The organization follows the income tax standards for uncertain tax positions. This standard had no impact on the organization's financial statements. The organization's income tax returns are subject to review and examination by federal and state authorities. The organization is not aware of any activities that would jeopardize its tax-exempt status or any activities that are subject to tax on unrelated business income taxes.”

Raw XML AppendixShowing 400 of 478 raw XML fields

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/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TAX PAYMENTS
IRS990/OtherExpensesGrp/Desc1LEASED EMPLOYEES
IRS990/OtherExpensesGrp/Desc2UTILITES
IRS990/OtherExpensesGrp/Desc3MAINTENANCE CONTRACTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04848
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1197668
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24254
IRS990/OtherExpensesGrp/ProgramServicesAmt0276911
IRS990/OtherExpensesGrp/ProgramServicesAmt1421179
IRS990/OtherExpensesGrp/ProgramServicesAmt2326322
IRS990/OtherExpensesGrp/TotalAmt04848
IRS990/OtherExpensesGrp/TotalAmt1474579
IRS990/OtherExpensesGrp/TotalAmt2425433
IRS990/OtherExpensesGrp/TotalAmt3326322
IRS990/OtherLiabilitiesGrp/BOYAmt0145129
IRS990/OtherLiabilitiesGrp/EOYAmt0138849
IRS990/OtherRevenueMiscGrp/BusinessCd0812300
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt025023
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt14669
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt025023
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt14669
IRS990/OtherRevenueTotalAmt029692
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt099669
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0126804
IRS990/PrincipalOfficerNm0JOSEPH CAREY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTS
IRS990/ProgramServiceRevenueGrp/Desc1ANTENNA RENTAL
IRS990/ProgramServiceRevenueGrp/Desc2EXCESS RENTS
IRS990/ProgramServiceRevenueGrp/Desc3LESS: RENTAL CONCESSIO
IRS990/ProgramServiceRevenueGrp/Desc4LESS: VACANCY LOSSES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01520168
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11920
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2-19052
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3-54717
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01520168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt123940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3-19052
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4-54717
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt023940
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02501409
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021500
IRS990/PYOtherExpensesAmt03405717
IRS990/PYOtherRevenueAmt027280
IRS990/PYProgramServiceRevenueAmt01371227
IRS990/PYRevenuesLessExpensesAmt0488294
IRS990/PYSalariesCompEmpBnftPaidAmt027405
IRS990/PYTotalExpensesAmt03433122
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03921416
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0698654
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01478011
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02623792
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02501409
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0913463
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0913463
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt06952127
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0124018
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt021500
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02203
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt013642
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0161363
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01478011
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01375082
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03861709
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03282654
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02680107
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012677563
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0124018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt021500
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02203
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt013642
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0161363
IRS990ScheduleA/InvestmentIncomeCYPct00.00810
IRS990ScheduleA/InvestmentIncomePYPct00.00290
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt023940
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt023425
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt022800
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt022800
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt024700
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0117665
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98600
IRS990ScheduleA/PublicSupportPY509Pct00.99090
IRS990ScheduleA/PublicSupportTotal509Amt019629690
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04101803
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03876491
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03861709
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04196117
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03593570
IRS990ScheduleA/Total509Grp/TotalAmt019629690
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04249761
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03921416
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03884509
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04221120
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03631912
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt019908718
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt015023424
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07331330
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt022354754
IRS990ScheduleD/EquipmentGrp/BookValueAmt0315227
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0245853
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0561080
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03551107
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0171185
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0171185
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0532738
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0180176
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0712914
IRS990ScheduleD/NetUnrealizedGainsInvstAmt051918
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0351776
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt142728
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22753124
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt351184
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4487319
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5136854
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt66500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REAL ESTATE TAX ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVE FOR REPAIRS AND REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PRIORITY RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESTABILIZATION RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5TENANT SECURITY DEPOSIT FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6ATTORNEY ESCROW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0136854
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11995
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNEARNED REVENUE
IRS990ScheduleD/RevenueNotReportedAmt051918
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04249761
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NON-PROFIT ENTITY AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES. THE ORGANIZATION HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE ORGANIZATION IS REQUIRED TO FILE FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION FOLLOWS THE INCOME TAX STANDARDS FOR UNCERTAIN TAX POSITIONS. THIS STANDARD HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS OR ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016042574
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03829485
IRS990ScheduleD/TotalExpensesPerForm990Amt03551107
IRS990ScheduleD/TotalLiabilityAmt0138849
IRS990ScheduleD/TotalRevenuePerForm990Amt04249761
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04301679
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03551107
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION DOES DELEGATE CONTROL TO COUGHLIN MANAGEMENT COMPANY IN REGARDS TO PROPERTY MANAGEMENT AND FOR EMPLOYEES THEY DELEGATE THIS TO CMC LIMITED, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS MEET TO REVIEW AND APPROVE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PER THE CONFLICT-OF- INTEREST POLICY, THE VENDOR LISTS ARE REVIEWED PERIODICALLY WITH THE BOARD OF DIRECTORS TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. IF THERE ARE ANY CONFLICTS OF INTEREST WITH A SPECIFIC BOARD MEMBER, THE BOARD MEMBER WILL ABSTAIN FROM VOTING ON ANY APPROVALS FOR SUCH CONTRACTOR OR PAYMENT SUBMISSION. ANY POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED OPENLY AT BOARD MEETINGS. AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM IS ALSO FILED BY EACH BOARD MEMBER ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE IRS FORM 1023, ANNUAL FINANCIAL STATEMENT, IRS FORM 990 AND THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE ORGANIZATION. IN ADDITION, THE ANNUAL FINANCIAL STATEMENT AND FORM 990 ARE AVAILABLE TO THE GENERAL PUBLIC ON THE INTERNET AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

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