Civic Intelligence

Brookside Apartments Inc.

990 • Fiscal year 2020 • EIN 25-1755545

Oct 01, 2019 to Sep 30, 2020 • Filed on Jun 10, 2021

Organization ProfileWWW.HANDS-ERIE.ORG
7 East 7th StreetErie, PA 16501

(814) 453-3333

Siviq Scores

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

Liabilities / Assets

97th percentile

1.78x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

8.88x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

13th percentile

-28%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

19th percentile

-5.1%

Faster asset growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

0.9%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$773,206

Down $41,766 (-5.1%) from 2019

Net Assets

Down

-$603,235

Down $43,148 (-7.7%) from 2019

Liabilities

Up

$1,376,441

Up $1,382 (+0.1%) from 2019

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin13th percentile

Revenue

Up

$155,041

Up $1,338 (+0.9%) from 2019

Expenses

Up

$198,189

Up $14,330 (+7.8%) from 2019

Net Income

Down

-$43,148

Down $12,992 (-43%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2010: $1,047,736Liabilities 2010: $1,361,691Net Assets 2010: -$313,9552010Assets 2011: $1,016,200Liabilities 2011: $1,360,432Net Assets 2011: -$344,2322011Assets 2012: $985,834Liabilities 2012: $1,364,504Net Assets 2012: -$378,6702012Assets 2013: $940,847Liabilities 2013: $1,363,817Net Assets 2013: -$422,9702013Assets 2014: $908,180Liabilities 2014: $1,373,902Net Assets 2014: -$465,7222014Assets 2015: $869,699Liabilities 2015: $1,369,754Net Assets 2015: -$500,0552015Assets 2016: $842,757Liabilities 2016: $1,365,761Net Assets 2016: -$523,0042016Assets 2017: $830,066Liabilities 2017: $1,363,624Net Assets 2017: -$533,5582017Assets 2018: $833,585Liabilities 2018: $1,363,516Net Assets 2018: -$529,9312018Assets 2019: $814,972Liabilities 2019: $1,375,059Net Assets 2019: -$560,0872019Assets 2020: $773,206Liabilities 2020: $1,376,441Net Assets 2020: -$603,2352020Assets 2021: $735,615Liabilities 2021: $1,365,179Net Assets 2021: -$629,5642021Assets 2022: $733,550Liabilities 2022: $1,365,609Net Assets 2022: -$632,0592022Assets 2023: $712,089Liabilities 2023: $1,369,112Net Assets 2023: -$657,0232023Assets 2024: $683,865Liabilities 2024: $1,365,252Net Assets 2024: -$681,3872024

Highlighted filing

2020

Assets$773,206
Liabilities$1,376,441
Net Assets-$603,235
Open 2020 Filing

Operations Trend

Revenue Growth53rd percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $161,2632010Expenses 2011: $173,6002011Expenses 2012: $171,8322012Expenses 2013: $188,4582013Revenue 2014: $147,201Expenses 2014: $189,953Net Income 2014: -$42,7522014Revenue 2015: $149,744Expenses 2015: $184,077Net Income 2015: -$34,3332015Revenue 2016: $161,060Expenses 2016: $184,009Net Income 2016: -$22,9492016Revenue 2017: $167,522Expenses 2017: $178,076Net Income 2017: -$10,5542017Revenue 2018: $164,234Expenses 2018: $160,607Net Income 2018: $3,6272018Revenue 2019: $153,703Expenses 2019: $183,859Net Income 2019: -$30,1562019Revenue 2020: $155,041Expenses 2020: $198,189Net Income 2020: -$43,1482020Revenue 2021: $170,232Expenses 2021: $196,561Net Income 2021: -$26,3292021Revenue 2022: $171,996Expenses 2022: $174,491Net Income 2022: -$2,4952022Revenue 2023: $177,229Expenses 2023: $202,193Net Income 2023: -$24,9642023Revenue 2024: $190,187Expenses 2024: $214,551Net Income 2024: -$24,3642024

Highlighted filing

2020

Revenue$155,041
Expenses$198,189
Net Income-$43,148
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jun 10, 2021
Return Version
2019v5.2
Gross Receipts
$158,493
Mission and Program Overview

Mission

Provide attractive and affordable rental housing to very-low and low income elderly individuals in meadville pa.

To provide and maintain 20 affordable apartment homes for the elderly in meadville, pa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$683,313$652,667▼ $30,646
Savings and Temporary Cash Investments$103,991$108,302▲ $4,311
Prepaid Expenses and Deferred Charges$9,714$10,350▲ $636
Cash and Non-Interest-Bearing Accounts$2,807$1,833▼ $974
Accounts Receivable$15,147$54▼ $15,093
Total Assets$814,972$773,206▼ $41,766
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,344,500$1,344,500→ $0
Accounts Payable and Accrued Expenses$25,004$26,371▲ $1,367
Escrow Account Liability$5,289$5,536▲ $247
Deferred Revenue$266$34▼ $232
Total Liabilities$1,375,059$1,376,441▲ $1,382
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-560,087$-603,235▼ $43,148
Total Net Assets Fund Balance$-560,087$-603,235▼ $43,148
Total Liabilities and Net Assets / Fund Balance$814,972$773,206▼ $41,766

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$548,193$746,514$1,294,707
Leasehold Improvements$51,789$63,182$114,971
Land$36,071-$36,071
Other Land Buildings$16,487$6,093$22,580
Equipment$127$21,553$21,680
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
William StegerChairman
Candace BattlesVice Chairman
John Mehler EsqLegal Counsel
Cindy BrownMember
Cindy StoneMember
Dr Annette FranklinMember
Jane KirkMember
John VillaMember
Melissa GruczaMember
Michael JaruszewiczMember
Michelle HarkinsMember
Sherry BauerMember
Sister Marianne StuckertMember
Sharon RichardsonSecretary
Matthew ZonnoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$86,137
Program Service Revenue
$70,766
Investment Income
$-3,316
Other Revenue
$1,454
Change in Net Assets
$-43,148

Audited Revenue Reconciliation

Revenue per Audited Statements
$155,041
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,452
Total Revenue per Audited Statements
$158,493
Total Revenue per Form 990
$155,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$198,189
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
Occupancy$79,030--$79,030
Depreciation Depletion$41,552--$41,552
Fees for Services Management-$17,473-$17,473
Fees for Services Other$11,992--$11,992
Office Expenses$4,586--$4,586
Information Technology$1,841--$1,841
Travel$675--$675
Advertising$324--$324
Other Expenses$83$8,366-$83
Conferences and Meetings$9--$9
Total Functional Expenses$172,350$25,839$0$198,189

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$201,641
Expenses per Audited Statements$198,189
Total Expenses per Form 990$198,189
Expenses Not Reported on Form 990$3,452
Expenses Not Reported on Financial Statements$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
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

“Management duties are performed by housing and neighborhood development service.”

Form 990, Part VI, Section A, Line 8B

“The organization's finance committee holds regular meetings and has authority to act on behalf of the governing body, but does not keep minutes documenting those meetings.”

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

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Brookside Apartments Inc
EIN
25-1755545
Phone
8144533333
Address
7 EAST 7TH STREET, ERIE, PA 16501

Signing Officer

Name
Matthew Good
Title
CEO
Phone
8144533333
Signed
2021-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Steger
Formed
1996
Legal Domicile
Pa
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
15

Preparer

Firm
Mcgill Power Bell & Associates
Address
2402 WEST 8TH ST, ERIE, PA 16505-4935
Preparer
Shawn Emerson
Phone
8144536594
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization has not changed either its oversight process or selection process during the tax year.”

Financial Statement Notes

PART IV, LINE 2B:

“Security deposits held on behalf of residents.”

PART X, LINE 2:

“The project is exempt from income tax under section 501(c)(3) of the internal revenue code. Interest and penalties related to tax reporting are recognized when incurred and are included as administrative expenses in the statements of activities. There were no interest or penalties incurred related to tax reporting for the years ended september 30, 2020 and 2019. The project's tax returns are subject to audit by various taxing authorities. The project follows the topic of income taxes from the financial accounting standards board, accounting standards codification ("fasb asc") with regard to the accounting and recognition of income tax positions taken or expected to be taken in the project's tax returns.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Loss on disposal of fixed assets 3,452.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on disposal of fixed assets 3,452.”

Raw XML AppendixShowing 400 of 760 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/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE ATTRACTIVE AND AFFORDABLE RENTAL HOUSING TO VERY-LOW AND LOW INCOME ELDERLY INDIVIDUALS IN MEADVILLE PA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01344500
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01344500
IRS990/NetAssetsOrFundBalancesBOYAmt0-560087
IRS990/NetAssetsOrFundBalancesEOYAmt0-603235
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-3452
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-3452
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-560087
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-603235
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt079030
IRS990/OccupancyGrp/TotalAmt079030
IRS990/OfficeExpensesGrp/ProgramServicesAmt04586
IRS990/OfficeExpensesGrp/TotalAmt04586
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REIMBURSED EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2EDUCATIONAL EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08366
IRS990/OtherExpensesGrp/ProgramServicesAmt032056
IRS990/OtherExpensesGrp/ProgramServicesAmt1202
IRS990/OtherExpensesGrp/ProgramServicesAmt283
IRS990/OtherExpensesGrp/TotalAmt040422
IRS990/OtherExpensesGrp/TotalAmt1202
IRS990/OtherExpensesGrp/TotalAmt283
IRS990/OtherRevenueMiscGrp/BusinessCd0812300
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING REV
IRS990/OtherRevenueMiscGrp/Desc1DAMAGES & CLEANING FEE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01184
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1270
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01184
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1270
IRS990/OtherRevenueTotalAmt01454
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09714
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010350
IRS990/PrincipalOfficerNm0WILLIAM STEGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt070766
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt070766
IRS990/ProgSrvcAccomActy2Grp/Desc0A RESIDENT SERVICE COORDINATOR LINKS RESIDENTS TO EXISTING SERVICES AND RESOURCES IN THE COMMUNITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04495
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt092512
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-11263
IRS990/PYOtherExpensesAmt0183859
IRS990/PYOtherRevenueAmt01062
IRS990/PYProgramServiceRevenueAmt071392
IRS990/PYRevenuesLessExpensesAmt0-30156
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0183859
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0153703
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-43148
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt072220
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0103991
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0108302
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt086137
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt092512
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt091325
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt091745
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt087321
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0449040
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0136
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0240
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0188
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0160
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0109
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0833
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt072220
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt072454
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt072721
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt075617
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt073630
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0366642
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0136
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0240
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0188
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0160
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0109
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0833
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99900
IRS990ScheduleA/PublicSupportPY509Pct00.99900
IRS990ScheduleA/PublicSupportTotal509Amt0815682
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0158357
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0164966
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0164046
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0167362
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0160951
IRS990ScheduleA/Total509Grp/TotalAmt0815682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0158493
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0165206
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0164234
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0167522
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0161060
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0816515
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0548193
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0746514
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01294707
IRS990ScheduleD/EquipmentGrp/BookValueAmt0127
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021553
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt021680
IRS990ScheduleD/ExpensesNotReportedAmt03452
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0198189
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt036071
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt036071
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt051789
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt063182
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0114971
IRS990ScheduleD/OtherExpensesIncludedAmt03452
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016487
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06093
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022580
IRS990ScheduleD/OtherRevenueAmt03452
IRS990ScheduleD/RevenueNotReportedAmt03452
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0155041
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SECURITY DEPOSITS HELD ON BEHALF OF RESIDENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE PROJECT IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INTEREST AND PENALTIES RELATED TO TAX REPORTING ARE RECOGNIZED WHEN INCURRED AND ARE INCLUDED AS ADMINISTRATIVE EXPENSES IN THE STATEMENTS OF ACTIVITIES. THERE WERE NO INTEREST OR PENALTIES INCURRED RELATED TO TAX REPORTING FOR THE YEARS ENDED SEPTEMBER 30, 2020 AND 2019. THE PROJECT'S TAX RETURNS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE PROJECT FOLLOWS THE TOPIC OF INCOME TAXES FROM THE FINANCIAL ACCOUNTING STANDARDS BOARD, ACCOUNTING STANDARDS CODIFICATION ("FASB ASC") WITH REGARD TO THE ACCOUNTING AND RECOGNITION OF INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE PROJECT'S TAX RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON DISPOSAL OF FIXED ASSETS 3,452.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3LOSS ON DISPOSAL OF FIXED ASSETS 3,452.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0652667
IRS990ScheduleD/TotalExpensesPerForm990Amt0198189
IRS990ScheduleD/TotalRevenuePerForm990Amt0155041
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0158493

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$773,206
Liabilities
$1,376,441
Net assets
-$603,235
Revenue
$155,041
Expenses
$198,189
Net income
-$43,148
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.68$1.37$0.68$0.19$0.21$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.71$1.37$0.66$0.18$0.20$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$1.37$0.63$0.17$0.17$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.74$1.37$0.63$0.17$0.20$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.77$1.38$0.60$0.16$0.20$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.81$1.38$0.56$0.15$0.18$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.83$1.36$0.53$0.16$0.16$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.83$1.36$0.53$0.17$0.18$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.84$1.37$0.52$0.16$0.18$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.87$1.37$0.50$0.15$0.18$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.91$1.37$0.47$0.15$0.19$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$1.36$0.42$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$1.36$0.38$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$1.36$0.34$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$1.36$0.31$0.16