Civic Intelligence

MID-Bronx Housing Development Fund Corporation

990 • Fiscal year 2017 • EIN 23-7363423

Jul 01, 2016 to Jun 30, 2017 • Filed on May 11, 2018

Organization Profilewww.midbronx.org
900 Grand ConcourseBronx, NY 10451

(718) 588-8200

Siviq Scores

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

Liabilities / Assets

41st percentile

0.10x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

47th percentile

0.15x

Higher debt load relative to revenue than 47% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

84th percentile

29%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$186,095

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

86th percentile

26%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$5,490,921

Up $1,119,393 (+26%) from 2016

Net Assets

Up

$4,962,802

Up $1,062,576 (+27%) from 2016

Liabilities

Up

$528,119

Up $56,817 (+12%) from 2016

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin84th percentile

Revenue

Up

$3,523,462

Up $406,870 (+13%) from 2016

Expenses

Down

$2,514,712

Down $114,807 (-4.4%) from 2016

Net Income

Up

$1,008,750

Up $521,677 (+107%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,764,578Liabilities 2010: $525,066Net Assets 2010: $3,239,5122010Assets 2011: $3,595,774Liabilities 2011: $645,780Net Assets 2011: $2,949,9942011Assets 2012: $3,653,769Liabilities 2012: $753,286Net Assets 2012: $2,900,4832012Assets 2013: $3,740,690Liabilities 2013: $807,132Net Assets 2013: $2,933,5582013Assets 2014: $3,691,391Liabilities 2014: $568,785Net Assets 2014: $3,122,6062014Assets 2015: $4,028,562Liabilities 2015: $563,062Net Assets 2015: $3,465,5002015Assets 2016: $4,371,528Liabilities 2016: $471,302Net Assets 2016: $3,900,2262016Assets 2017: $5,490,921Liabilities 2017: $528,119Net Assets 2017: $4,962,8022017Assets 2018: $6,333,748Liabilities 2018: $725,640Net Assets 2018: $5,608,1082018Assets 2019: $7,713,814Liabilities 2019: $1,367,261Net Assets 2019: $6,346,5532019Assets 2020: $5,900,250Liabilities 2020: $764,330Net Assets 2020: $5,135,9202020Assets 2021: $6,085,137Liabilities 2021: $800,784Net Assets 2021: $5,284,3532021Assets 2022: $5,532,789Liabilities 2022: $1,107,199Net Assets 2022: $4,425,5902022Assets 2023: $5,836,858Liabilities 2023: $2,277,796Net Assets 2023: $3,559,0622023Assets 2024: $6,640,249Liabilities 2024: $3,633,153Net Assets 2024: $3,007,0962024

Highlighted filing

2017

Assets$5,490,921
Liabilities$528,119
Net Assets$4,962,802
Open 2017 Filing

Operations Trend

Revenue Growth67th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $3,084,3962010Expenses 2011: $2,989,2872011Expenses 2012: $2,784,5032012Expenses 2013: $2,896,6642013Revenue 2014: $3,163,701Expenses 2014: $2,982,782Net Income 2014: $180,9192014Revenue 2015: $3,209,952Expenses 2015: $2,774,124Net Income 2015: $435,8282015Revenue 2016: $3,116,592Expenses 2016: $2,629,519Net Income 2016: $487,0732016Revenue 2017: $3,523,462Expenses 2017: $2,514,712Net Income 2017: $1,008,7502017Revenue 2018: $3,270,988Expenses 2018: $2,613,190Net Income 2018: $657,7982018Revenue 2019: $3,318,322Expenses 2019: $2,579,877Net Income 2019: $738,4452019Revenue 2020: $3,289,916Expenses 2020: $2,920,552Net Income 2020: $369,3642020Revenue 2021: $3,561,955Expenses 2021: $2,433,653Net Income 2021: $1,128,3022021Revenue 2022: $3,021,247Expenses 2022: $2,624,445Net Income 2022: $396,8022022Revenue 2023: $3,243,386Expenses 2023: $3,749,294Net Income 2023: -$505,9082023Revenue 2024: $3,611,911Expenses 2024: $3,000,216Net Income 2024: $611,6952024

Highlighted filing

2017

Revenue$3,523,462
Expenses$2,514,712
Net Income$1,008,750
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$3,523,462
Mission and Program Overview

Mission

Mid-Bronx HDFC was organized exclusively for the charitable purpose of developing housing for persons of low income located in the Bronx, NY. on Tax Block 2522 Lot 43, 47, 49, 51, 53, 55, 100, 115, 117, 123, 124, Tax Block 2523 Lot 43 and Tax Block 2525 Lots 7 and 11.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,300,461$1,821,095▲ $520,634
Cash and Non-Interest-Bearing Accounts$426,397$880,661▲ $454,264
Investments in Publicly Traded Securities$332,586$324,464▼ $8,122
Investments Other Securities$133,334$133,334→ $0
Savings and Temporary Cash Investments$107,886$108,048▲ $162
Land, Buildings, and Equipment, Net$162,048$88,450▼ $73,598
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,371,528$5,490,921▲ $1,119,393
Other Assets Total$1,908,816$2,134,869▲ $226,053
Liabilities
Other Liabilities$209,861$265,172▲ $55,311
Accounts Payable and Accrued Expenses$261,441$262,947▲ $1,506
Total Liabilities$471,302$528,119▲ $56,817
Net Assets / Fund Balance
Unrestricted Net Assets$3,900,226$4,962,802▲ $1,062,576
Total Net Assets Fund Balance$3,900,226$4,962,802▲ $1,062,576
Total Liabilities and Net Assets / Fund Balance$4,371,528$5,490,921▲ $1,119,393

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$88,444$222,767$311,211
Equipment-$161,602$161,602
Buildings-$151,675$151,675
Leasehold Improvements-$148,480$148,480
Land$6-$6
Other Assets Org$905--
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Dennis L TerryChairman
Raymond JonesInterim Chair
Mary ColemanVice Chair
Dr Madan PaulMember
Jeanette PuryearSec./Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,214,743
Investment Income
$54,393
Other Revenue
$254,326
Change in Net Assets
$1,008,750

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,523,462
Revenue Not Reported on Form 990
$53,826
Total Revenue per Audited Statements
$3,577,288
Total Revenue per Form 990
$3,523,462
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,112,079
Salaries, Compensation, and Employee Benefits$402,633
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$929,633$76,072-$1,005,705
Other Salaries and Wages$292,324$21,047-$313,371
Fees for Services Management-$256,312-$256,312
Office Expenses$59,243$120,016-$179,259
Depreciation Depletion$73,598--$73,598
Other Employee Benefits$34,434$21,542-$55,976
Fees for Services Other-$28,989-$28,989
Fees for Services Legal-$28,003-$28,003
Payroll Taxes$15,534$9,488-$25,022
Other Expenses$22,882--$22,882
Fees for Services Accounting-$17,000-$17,000
All Other Expenses-$15,905-$15,905
Pension Plan Contributions$8,264--$8,264
Information Technology-$6,132-$6,132
Conferences and Meetings-$3,228-$3,228
Insurance-$1,714-$1,714
Travel-$548-$548
Total Functional Expenses$1,908,716$605,996$0$2,514,712

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,514,712
Total Expenses per Audited Statements$2,514,712
Total Expenses per Form 990$2,514,712
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant security deposits payable$190,975
Due to Affiliates$74,197
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The organization's 990 is prepared by its auditing firm and reviewed by the executive director and deputy fiscal director of Mid-bronx Senior Citizens Council, Inc.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“At the beginning of each year the individual board members are asked to disclose any conflict of interest. In addition, the board members are required to disclose any conflict of interest during the course of the year. Should any conflict of interest or potential conflict of interest arise board members has to refrain from voting.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization's 990 is available upon request at their office. The organization makes those of its governing documents and financial statements that are included in publicly available tax forms available for inspection, upon request at the organization's office.”

Filing and Contact Details

Filer

Filer Name
Mid-bronx Housing Development
EIN
23-7363423
Phone
7185888200
Address
900 GRAND CONCOURSE, BRONX, NY 10451

Signing Officer

Name
Jeanette Puryear
Title
Sec./Treasurer
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanette Puryear
Formed
1974
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
3
Employees
20
Volunteers
4

Preparer

Firm
Bca Watson Rice Llp
Address
5 PENN PLAZA 15TH FL, NEW YORK, NY 10001-1810
Preparer
Baruti Bediako CPA
Phone
2124477300
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Corporation has evaluated the recognition requirements for uncertain income tax positions as required by accounting principles generally accepted in the United States of America, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Accordingly, the Corporation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2017 and 2016.”

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IRS990/OtherExpensesGrp/Desc3Exterminating
IRS990/OtherExpensesGrp/ProgramServicesAmt0331574
IRS990/OtherExpensesGrp/ProgramServicesAmt191550
IRS990/OtherExpensesGrp/ProgramServicesAmt249680
IRS990/OtherExpensesGrp/ProgramServicesAmt322882
IRS990/OtherExpensesGrp/TotalAmt0331574
IRS990/OtherExpensesGrp/TotalAmt191550
IRS990/OtherExpensesGrp/TotalAmt249680
IRS990/OtherExpensesGrp/TotalAmt322882
IRS990/OtherLiabilitiesGrp/BOYAmt0209861
IRS990/OtherLiabilitiesGrp/EOYAmt0265172
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Insurance Claims
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0213355
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt040971
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0213355
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt140971
IRS990/OtherRevenueTotalAmt0254326
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021047
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0292324
IRS990/OtherSalariesAndWagesGrp/TotalAmt0313371
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09488
IRS990/PayrollTaxesGrp/ProgramServicesAmt015534
IRS990/PayrollTaxesGrp/TotalAmt025022
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08264
IRS990/PensionPlanContributionsGrp/TotalAmt08264
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JEANETTE PURYEAR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03214743
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03214743
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt058033
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02246111
IRS990/PYOtherRevenueAmt044855
IRS990/PYProgramServiceRevenueAmt03013704
IRS990/PYRevenuesLessExpensesAmt0487073
IRS990/PYSalariesCompEmpBnftPaidAmt0383408
IRS990/PYTotalExpensesAmt02629519
IRS990/PYTotalRevenueAmt03116592
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01008750
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0107886
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0108048
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt054393
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt058033
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt052343
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt030268
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt013874
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0208911
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03214743
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03013704
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03008893
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02957007
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02727330
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt014921677
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt040971
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt044855
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt091716
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt099426
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt039419
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0316387
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt054393
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt058033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt052343
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt030268
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt013874
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0208911
IRS990ScheduleA/InvestmentIncomeCYPct00.01310
IRS990ScheduleA/InvestmentIncomePYPct00.01120
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0213355
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt057000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt076279
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0150397
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0497031
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95570
IRS990ScheduleA/PublicSupportPY509Pct00.96820
IRS990ScheduleA/PublicSupportTotal509Amt015238064
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03255714
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03058559
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03100609
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03056433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02766749
IRS990ScheduleA/Total509Grp/TotalAmt015238064
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03523462
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03116592
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03209952
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03162980
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02931020
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015944006
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0151675
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0151675
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0161602
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0161602
IRS990ScheduleD/ExpensesSubtotalAmt02514712
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt06
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0148480
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0148480
IRS990ScheduleD/NetUnrealizedGainsInvstAmt053826
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016754
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11339181
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23912
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3583142
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4190975
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5905
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from Affiliates
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Operating reserves
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Other Current Assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Replacement reserves
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5UTILITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt088444
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0222767
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0311211
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt074197
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1190975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Affiliates
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant security deposits payable
IRS990ScheduleD/RevenueNotReportedAmt053826
IRS990ScheduleD/RevenueSubtotalAmt03523462
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation has evaluated the recognition requirements for uncertain income tax positions as required by accounting principles generally accepted in the United States of America, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Accordingly, the Corporation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2017 and 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt088450
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02134869
IRS990ScheduleD/TotalExpensesPerForm990Amt02514712
IRS990ScheduleD/TotalLiabilityAmt0265172
IRS990ScheduleD/TotalRevenuePerForm990Amt03523462
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03577288
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02514712
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0152433

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,490,921
Liabilities
$528,119
Net assets
$4,962,802
Revenue
$3,523,462
Expenses
$2,514,712
Net income
$1,008,750
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.64$3.63$3.01$3.61$3.00$0.61
2023Detailed filing. Detailed filing data is available for this year.$5.84$2.28$3.56$3.24$3.75$0.51
2022Detailed filing. Detailed filing data is available for this year.$5.53$1.11$4.43$3.02$2.62$0.40
2021Detailed filing. Detailed filing data is available for this year.$6.09$0.80$5.28$3.56$2.43$1.13
2020Detailed filing. Detailed filing data is available for this year.$5.90$0.76$5.14$3.29$2.92$0.37
2019Detailed filing. Detailed filing data is available for this year.$7.71$1.37$6.35$3.32$2.58$0.74
2018Detailed filing. Detailed filing data is available for this year.$6.33$0.73$5.61$3.27$2.61$0.66
2017Detailed filing. Detailed filing data is available for this year.$5.49$0.53$4.96$3.52$2.51$1.01
2016Detailed filing. Detailed filing data is available for this year.$4.37$0.47$3.90$3.12$2.63$0.49
2015Detailed filing. Detailed filing data is available for this year.$4.03$0.56$3.47$3.21$2.77$0.44
2014Detailed filing. Detailed filing data is available for this year.$3.69$0.57$3.12$3.16$2.98$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$0.81$2.93$2.90
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.75$2.90$2.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.60$0.65$2.95$2.99
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.76$0.53$3.24$3.08