Civic Intelligence

Threshold Housing Development Inc.

990 • Fiscal year 2014 • EIN 25-1674112

Jul 01, 2013 to Jun 30, 2014 • Filed on Apr 28, 2015

Organization ProfileN/A
55 N Beeson Avenue15401

(724) 437-9080

Siviq Scores

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

Liabilities / Assets

85th percentile

0.69x

Higher debt load relative to assets than 85% of similar nonprofits.

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

Liabilities / Revenue

79th percentile

0.61x

Higher debt load relative to revenue than 79% of similar nonprofits.

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

Net Margin

23rd percentile

-8.0%

Higher net margin than 23% of similar nonprofits.

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

Top Officer Pay

55th percentile

$71,352

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

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

Asset Growth

62nd percentile

5.8%

Faster asset growth than 62% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$1,252,761

Up $68,442 (+5.8%) from 2013

Net Assets

Down

$393,067

Down $111,902 (-22%) from 2013

Liabilities

Up

$859,694

Up $180,344 (+27%) from 2013

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin23rd percentile

Revenue

$1,405,156

No earlier filing loaded for comparison.

Expenses

Down

$1,517,058

Down $387,460 (-20%) from 2013

Net Income

-$111,902

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2012: $1,190,606Liabilities 2012: $559,496Net Assets 2012: $631,1102012Assets 2013: $1,184,319Liabilities 2013: $679,350Net Assets 2013: $504,9692013Assets 2014: $1,252,761Liabilities 2014: $859,694Net Assets 2014: $393,0672014Assets 2015: $1,002,925Liabilities 2015: $657,751Net Assets 2015: $345,1742015Assets 2016: $760,630Liabilities 2016: $711,038Net Assets 2016: $49,5922016Assets 2017: $1,204,097Liabilities 2017: $1,343,143Net Assets 2017: -$139,0462017Assets 2018: $327,588Liabilities 2018: $266,276Net Assets 2018: $61,3122018Assets 2019: $461,625Liabilities 2019: $556,885Net Assets 2019: -$95,2602019Assets 2020: $434,847Liabilities 2020: $500,098Net Assets 2020: -$65,2512020Assets 2021: $584,435Liabilities 2021: $555,976Net Assets 2021: $28,4592021Assets 2022: $482,735Liabilities 2022: $399,225Net Assets 2022: $83,5102022Assets 2023: $208,024Liabilities 2023: $171,321Net Assets 2023: $36,7032023Assets 2024: $381,658Liabilities 2024: $404,194Net Assets 2024: -$22,5362024Assets 2025: $380,253Liabilities 2025: $432,051Net Assets 2025: -$51,7982025

Highlighted filing

2014

Assets$1,252,761
Liabilities$859,694
Net Assets$393,067
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $1,050,8802012Expenses 2013: $1,904,5182013Revenue 2014: $1,405,156Expenses 2014: $1,517,058Net Income 2014: -$111,9022014Revenue 2015: $1,286,497Expenses 2015: $1,334,390Net Income 2015: -$47,8932015Revenue 2016: $1,121,394Expenses 2016: $1,363,513Net Income 2016: -$242,1192016Revenue 2017: $995,572Expenses 2017: $1,184,210Net Income 2017: -$188,6382017Revenue 2018: $1,685,248Expenses 2018: $1,484,890Net Income 2018: $200,3582018Revenue 2019: $627,598Expenses 2019: $784,170Net Income 2019: -$156,5722019Revenue 2020: $1,078,596Expenses 2020: $1,048,587Net Income 2020: $30,0092020Revenue 2021: $1,647,788Expenses 2021: $1,554,078Net Income 2021: $93,7102021Revenue 2022: $1,303,982Expenses 2022: $1,248,931Net Income 2022: $55,0512022Revenue 2023: $623,932Expenses 2023: $670,739Net Income 2023: -$46,8072023Revenue 2024: $502,680Expenses 2024: $561,919Net Income 2024: -$59,2392024Revenue 2025: $728,897Expenses 2025: $758,159Net Income 2025: -$29,2622025

Highlighted filing

2014

Revenue$1,405,156
Expenses$1,517,058
Net Income-$111,902
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Apr 28, 2015
Return Version
2013v4.0
Gross Receipts
$1,845,164
Mission and Program Overview

Mission

Threshold's mission is to develop, promote, encourage, or enhance the level of self-sufficiency of low income, disabled, or elderly individuals and families through developing affordable, efficient housing units for both rental and ownership by low-income individuals and families.

To acquire, develop, maintain and manage real and personal property

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$288,720$288,720→ $0
Land, Buildings, and Equipment, Net$189,580$179,544▼ $10,036
Cash and Non-Interest-Bearing Accounts$329,437$169,500▼ $159,937
Pledges and Grants Receivable$100,829$125,634▲ $24,805
Prepaid Expenses and Deferred Charges$3,094$4,559▲ $1,465
Total Assets$1,184,319$1,252,761▲ $68,442
Other Assets Total$272,659$484,804▲ $212,145
Liabilities
Deferred Revenue$232,874$335,762▲ $102,888
Mortgage Notes Payable Secured by Investment Property$304,990$291,971▼ $13,019
Other Liabilities$90,045$145,010▲ $54,965
Accounts Payable and Accrued Expenses$51,441$86,951▲ $35,510
Total Liabilities$679,350$859,694▲ $180,344
Net Assets / Fund Balance
Unrestricted Net Assets$485,062$328,470▼ $156,592
Temporarily Rstr Net Assets$19,907$64,597▲ $44,690
Total Net Assets Fund Balance$504,969$393,067▼ $111,902
Total Liabilities and Net Assets / Fund Balance$1,184,319$1,252,761▲ $68,442

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$99,688$37,812$137,500
Land$57,977-$57,977
Equipment$21,879$14,886$36,765
Other Assets Org$322,787--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bruce HotchkissPresidentFT$69,934$1,418$71,352

Board Members and Trustees

NameTitle
James M StarkChairman
Steve SimsVice-chairman
Jeff FodelierDirector
Jerrof MurthaDirector
Jessica Hajek-batesDirector
Joan a TracyDirector
Tammy KnouseDirector
Frank LucenteSecretary
Darlene BiglerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tedesco Construction CompanyConstruction-$294,706
A & K ConstructionConstruction-$100,958
Revenue and Support

Revenue Composition

Contributions and Grants
$1,215,537
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$189,619
Change in Net Assets
$-111,902

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,405,156
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,405,156
Total Revenue per Form 990
$1,405,156
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,271,615
Salaries, Compensation, and Employee Benefits$245,443
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$125,065--$125,065
Current Officers, Directors, Trustees, and Key Employees$38,632$34,917-$73,549
Other Expenses$54,965$23,279-$54,965
Other Employee Benefits$42,791$4,038-$46,829
Fees for Services Other$18,582--$18,582
Occupancy$18,149--$18,149
Insurance$15,054--$15,054
Fees for Services Accounting$11,800--$11,800
Depreciation Depletion-$10,035-$10,035
Interest$9,509$502-$10,011
Fees for Services Legal$6,314$250-$6,564
Travel$5,262$844-$6,106
Office Expenses$4,812$1,007-$5,819
Advertising$1,562--$1,562
Information Technology-$676-$676
All Other Expenses$-189,557$898-$-188,659
Total Functional Expenses$1,440,290$76,768$0$1,517,058

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,517,058
Total Expenses per Audited Statements$1,517,058
Total Expenses per Form 990$1,517,058
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$145,010
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Section B, line 11

“After the annual audit has been finalized, a preliminary draft of the Form 990 is prepared and provided to the board. The form is then reviewed by the board and the organization's President. Once the board determines that the form is complete and accurate, the form is finalized and signed by the President prior to filing with the Internal Revenue Service.”

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

“All officers are required to disclose any conflicts of interest on an annual basis.”

Form 990, Part VI, Section B, line 15

“The President's wage is determined by a written contract negotiated with the Compensation Committee who approves it and makes recommendation to the entire Board. These have been five year contracts. Threshold is currently in the third year of five year contract. Yearly, the compensation committee reviews any bonus provisions of the President's contract and determines if he met certain bonus criteria, if so, they make recommendation to the entire Board. Prior to the last contract, the President did provide a salary comparison with similar positions throughout the state. However, this was not required. The President annually reviews the two employees service and recommends any increase or decrease to their salary. This could be in the form of bonus or merit raises. This recommendation is made to the compensation committee who reviews the info from the President and makes recommendation to entire Board. All salary and bonus decisions are made at the first Board meeting of the new year.”

Form 990, Part VI, Section C, line 19

“The public may request to inspect the organization's governing documents, financial statements and required filings by requesting copies from the organization's main office located at 55 N. Beeson Ave. Uniontown, PA 15401”

Filing and Contact Details

Filer

EIN
25-1674112
Phone
7244379080

Signing Officer

Name
James M Stark
Title
Chairman
Phone
7244379080
Signed
2015-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Hotchkiss
Formed
1991
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
0

Preparer

Preparer
Clayton E Gregg CPA
Phone
7244372000
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IRS990/Desc0Threshold Housing Development's (THD) purpose is to acquire, develop, hold, operate, maintain, and manage real and personal property.THD's mission is to develop, promote, encourage or enhance the level of self-sufficiency of low income, disabled, or elderly individuals and families through developing affordable, efficient housing units, for both rental and ownership by low income families or individuals. Threshold accomplishes its mission through various methods. For the past 10 years THD has successfully managed a Self Help Housing program. The purpose of this program is to assist local low income families to build their own homes. These are two year grants. THD assists 6 families each year. The lots are provided to the families at no cost from THD through receipt of other grants. Mortgage funds are provided by USDA over 33 years and with interest rates as low as one percent depending on their income. All families have incomes at 80% of median income or below.Additional new construction is completed by THD through the use of DCED HOME grants. The most recent example of this is Stone Church Estates , a 23 lot mixed income subdivision. THD used a $500,000 DCED HOME grant, a $120,000 bank loan and $80,000 in Act 137 funds to purchase and develop a 19 acre piece of property into 23 building lots. 18 of these lots were deeded to low and very low income self help families (as described above). The remaining five lots were used to build 5 homes for sale to local families. THD developed two similar subdivisions in Crucible, Greene County.THD also creates affordable housing through purchase, rehab, and resale of single family homes. THD has produced this type of housing using various types of funding. The most recent project is the Washington Homeownership Program. THD uses HOME funds from the Washington County Redevelopment Authority to purchase, rehab, and resale single family homes to local low income families. THD purchases aging and vacant homes, brings them into code compliance and provides down-payment and closing cost assistance to low income buyers. Typically the assistance is 17% of sale price plus closing costs. The families need to provide only 3% plus qualify for an 80% mortgage. They are all first time homebuyers and have incomes at 80% of median income or below. THD has run similar programs over the years in Fayette County.THD has also developed rental housing over the years including a 12 unit development for the elderly in Charleroi, a 5 unit family project in Washington, Pa, and a 5 unit family project in Uniontown.In total THD has created in excess of 300 units of affordable housing since its creation in September of 1991.
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IRS990/LandBldgEquipCostOrOtherBssAmt0232242
IRS990/LegalDomicileStateCd0PA
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THRESHOLD'S MISSION IS TO DEVELOP, PROMOTE, ENCOURAGE, OR ENHANCE THE LEVEL OF SELF-SUFFICIENCY OF LOW INCOME, DISABLED, OR ELDERLY INDIVIDUALS AND FAMILIES THROUGH DEVELOPING AFFORDABLE, EFFICIENT HOUSING UNITS FOR BOTH RENTAL AND OWNERSHIP BY LOW-INCOME INDIVIDUALS AND FAMILIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0304990
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0291971
IRS990/NetAssetsOrFundBalancesBOYAmt0504969
IRS990/NetAssetsOrFundBalancesEOYAmt0393067
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0141642
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0141642
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt04400
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt04400
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt018149
IRS990/OccupancyGrp/TotalAmt018149
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01007
IRS990/OfficeExpensesGrp/ProgramServicesAmt04812
IRS990/OfficeExpensesGrp/TotalAmt05819
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0272659
IRS990/OtherAssetsTotalGrp/EOYAmt0484804
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04038
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt042791
IRS990/OtherEmployeeBenefitsGrp/TotalAmt046829
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT COSTS
IRS990/OtherExpensesGrp/Desc1REAL ESTATE ACQUISITION
IRS990/OtherExpensesGrp/Desc2CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc3UNREALIZED LOSSES ON PR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0322
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt123279
IRS990/OtherExpensesGrp/ProgramServicesAmt01110493
IRS990/OtherExpensesGrp/ProgramServicesAmt1122092
IRS990/OtherExpensesGrp/ProgramServicesAmt244765
IRS990/OtherExpensesGrp/ProgramServicesAmt354965
IRS990/OtherExpensesGrp/TotalAmt01110815
IRS990/OtherExpensesGrp/TotalAmt1122092
IRS990/OtherExpensesGrp/TotalAmt268044
IRS990/OtherExpensesGrp/TotalAmt354965
IRS990/OtherLiabilitiesGrp/BOYAmt090045
IRS990/OtherLiabilitiesGrp/EOYAmt0145010
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1ACCRUED REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt030333
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt113244
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt030333
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt113244
IRS990/OtherRevenueTotalAmt043577
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0125065
IRS990/OtherSalariesAndWagesGrp/TotalAmt0125065
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0288720
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0288720
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0100829
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0125634
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03094
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04559
IRS990/PrincipalOfficerNm0BRUCE HOTCHKISS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01734222
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt044155
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01778377
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01778377
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-111902
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt04400
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0185219
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01215537
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01734222
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01306018
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01771460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01601717
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07628954
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04400
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07185
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05090
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04480
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04131
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt025286
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0-721688
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99670
IRS990ScheduleA/PublicSupportPY170Pct00.99630
IRS990ScheduleA/PublicSupportTotal170Amt07628954
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01215537
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01734222
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01306018
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01771460
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01601717
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07628954
IRS990ScheduleA/TotalSupportAmt07654240
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt099688
IRS990ScheduleD/BuildingsGrp/DepreciationAmt037812
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0137500
IRS990ScheduleD/EquipmentGrp/BookValueAmt021879
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014886
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036765
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01517058
IRS990ScheduleD/LandGrp/BookValueAmt057977
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt057977
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0162017
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1322787
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0145010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01405156
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0179544
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0484804
IRS990ScheduleD/TotalExpensesPerForm990Amt01517058
IRS990ScheduleD/TotalLiabilityAmt0145010
IRS990ScheduleD/TotalRevenuePerForm990Amt01405156
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01405156
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01517058
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0After the annual audit has been finalized, a preliminary draft of the Form 990 is prepared and provided to the board. The form is then reviewed by the board and the organization's President. Once the board determines that the form is complete and accurate, the form is finalized and signed by the President prior to filing with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All officers are required to disclose any conflicts of interest on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The President's wage is determined by a written contract negotiated with the Compensation Committee who approves it and makes recommendation to the entire Board. These have been five year contracts. Threshold is currently in the third year of five year contract. Yearly, the compensation committee reviews any bonus provisions of the President's contract and determines if he met certain bonus criteria, if so, they make recommendation to the entire Board. Prior to the last contract, the President did provide a salary comparison with similar positions throughout the state. However, this was not required. The President annually reviews the two employees service and recommends any increase or decrease to their salary. This could be in the form of bonus or merit raises. This recommendation is made to the compensation committee who reviews the info from the President and makes recommendation to entire Board. All salary and bonus decisions are made at the first Board meeting of the new year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The public may request to inspect the organization's governing documents, financial statements and required filings by requesting copies from the organization's main office located at 55 N. Beeson Ave. Uniontown, PA 15401
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0251893798
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1251820243
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd11
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1PA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt1RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0RENTAL HOUSING TO LOW INCOME FAMILIES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1RENTAL HOUSING TO LOW INCOME FAMILIES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine10FIFTH STREET PLACE ASSOCIATES LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine11WEST PROSPECT PLACE ASSOCIATES LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt0-52224
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt189605
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0-30197
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt1-24768
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1055 N BEESON AVE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1155 N BEESON AVE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/City0UNIONTOWN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/City1UNIONTOWN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/State0PA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/State1PA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCode015401
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCode115401
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,252,761
Liabilities
$859,694
Net assets
$393,067
Revenue
$1,405,156
Expenses
$1,517,058
Net income
-$111,902
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.38$0.43$0.05$0.73$0.76$0.03
2024Detailed filing. Detailed filing data is available for this year.$0.38$0.40$0.02$0.50$0.56$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.21$0.17$0.04$0.62$0.67$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.48$0.40$0.08$1.30$1.25$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.58$0.56$0.03$1.65$1.55$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.43$0.50$0.07$1.08$1.05$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.46$0.56$0.10$0.63$0.78$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.33$0.27$0.06$1.69$1.48$0.20
2017Detailed filing. Detailed filing data is available for this year.$1.20$1.34$0.14$1.00$1.18$0.19
2016Detailed filing. Detailed filing data is available for this year.$0.76$0.71$0.05$1.12$1.36$0.24
2015Detailed filing. Detailed filing data is available for this year.$1.00$0.66$0.35$1.29$1.33$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.25$0.86$0.39$1.41$1.52$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.68$0.50$1.90
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.56$0.63$1.05
Peer Organizations

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