Civic Intelligence

201 Thurbers Inc.

990 • Fiscal year 2023 • EIN 26-2399236

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 23, 2024

Organization ProfileN/A
439 Pine StreetProvidence, RI 02907

(401) 272-0526

Siviq Scores

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

Liabilities / Assets

96th percentile

1.21x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

14.80x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

7th percentile

-54%

Higher net margin than 7% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

84th percentile

$157,403

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 71.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

27th percentile

-2.6%

Faster asset growth than 27% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-1.9%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$2,708,616

Down $71,910 (-2.6%) from 2022

Net Assets

Down

-$565,626

Down $120,244 (-27%) from 2022

Liabilities

Up

$3,274,242

Up $48,334 (+1.5%) from 2022

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin7th percentile

Revenue

Down

$221,295

Down $4,260 (-1.9%) from 2022

Expenses

Up

$341,539

Up $27,025 (+8.6%) from 2022

Net Income

Down

-$120,244

Down $31,285 (-35%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $3,623,750Liabilities 2011: $3,176,757Net Assets 2011: $446,9932011Assets 2012: $3,592,638Liabilities 2012: $3,196,288Net Assets 2012: $396,3502012Assets 2013: $3,548,995Liabilities 2013: $3,192,324Net Assets 2013: $356,6712013Assets 2014: $3,469,539Liabilities 2014: $3,185,188Net Assets 2014: $284,3512014Assets 2015: $3,399,761Liabilities 2015: $3,188,128Net Assets 2015: $211,6332015Assets 2016: $3,334,419Liabilities 2016: $3,192,774Net Assets 2016: $141,6452016Assets 2017: $3,173,170Liabilities 2017: $3,188,752Net Assets 2017: -$15,5822017Assets 2018: $3,116,787Liabilities 2018: $3,197,814Net Assets 2018: -$81,0272018Assets 2019: $3,006,886Liabilities 2019: $3,186,582Net Assets 2019: -$179,6962019Assets 2020: $2,923,531Liabilities 2020: $3,191,849Net Assets 2020: -$268,3182020Assets 2021: $2,836,764Liabilities 2021: $3,193,187Net Assets 2021: -$356,4232021Assets 2022: $2,780,526Liabilities 2022: $3,225,908Net Assets 2022: -$445,3822022Assets 2023: $2,708,616Liabilities 2023: $3,274,242Net Assets 2023: -$565,6262023Assets 2024: $2,636,551Liabilities 2024: $3,302,449Net Assets 2024: -$665,8982024

Highlighted filing

2023

Assets$2,708,616
Liabilities$3,274,242
Net Assets-$565,626
Open 2023 Filing

Operations Trend

Revenue Growth35th percentile

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

$400K$200K$0-$200KExpenses 2011: $248,7112011Expenses 2012: $261,5042012Revenue 2013: $211,846Expenses 2013: $251,525Net Income 2013: -$39,6792013Revenue 2014: $217,861Expenses 2014: $290,181Net Income 2014: -$72,3202014Revenue 2015: $217,649Expenses 2015: $290,367Net Income 2015: -$72,7182015Revenue 2016: $214,601Expenses 2016: $284,589Net Income 2016: -$69,9882016Revenue 2017: $213,990Expenses 2017: $371,217Net Income 2017: -$157,2272017Revenue 2018: $212,750Expenses 2018: $278,195Net Income 2018: -$65,4452018Revenue 2019: $215,713Expenses 2019: $314,382Net Income 2019: -$98,6692019Revenue 2020: $213,926Expenses 2020: $302,548Net Income 2020: -$88,6222020Revenue 2021: $219,083Expenses 2021: $307,188Net Income 2021: -$88,1052021Revenue 2022: $225,555Expenses 2022: $314,514Net Income 2022: -$88,9592022Revenue 2023: $221,295Expenses 2023: $341,539Net Income 2023: -$120,2442023Revenue 2024: $249,882Expenses 2024: $350,154Net Income 2024: -$100,2722024

Highlighted filing

2023

Revenue$221,295
Expenses$341,539
Net Income-$120,244
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 23, 2024
Return Version
2023v5.1
Gross Receipts
$221,295
Mission and Program Overview

Mission

Provide low income housing to the elderly in the providence, ri area under section 202 of the national housing act.

To provide low income housing to the elderly in the providence, rhode island area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,634,089$2,552,954▼ $81,135
Savings and Temporary Cash Investments$122,938$116,296▼ $6,642
Accounts Receivable$2,692$25,768▲ $23,076
Cash and Non-Interest-Bearing Accounts$9,804$2,662▼ $7,142
Prepaid Expenses and Deferred Charges$1,564$1,564→ $0
Total Assets$2,780,526$2,708,616▼ $71,910
Other Assets Total$9,439$9,372▼ $67
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,146,800$3,146,800→ $0
Accounts Payable and Accrued Expenses$56,066$96,336▲ $40,270
Other Liabilities$14,973$22,160▲ $7,187
Escrow Account Liability$5,243$4,813▼ $430
Deferred Revenue$2,826$4,133▲ $1,307
Total Liabilities$3,225,908$3,274,242▲ $48,334
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-445,382$-565,626▼ $120,244
Total Net Assets Fund Balance$-445,382$-565,626▼ $120,244
Total Liabilities and Net Assets / Fund Balance$2,780,526$2,708,616▼ $71,910

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,117,872$1,097,401$3,215,273
Land$435,000-$435,000
Equipment$82$39,927$40,009
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Miguel QuezadaPresident
Peter BortolottiVice President
Carla DestefanoExecutive Director
Claribel MejiaMember
Fabiola BrunacheMember
Gayle RodgersMember
Graham KilvertMember
John PrinceMember
Nancy HowardMember
Nancy WhitSecretary
Paul DumocheleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$152,072
Program Service Revenue
$66,731
Investment Income
$2,241
Other Revenue
$251
Change in Net Assets
$-120,244

Audited Revenue Reconciliation

Revenue per Audited Statements
$221,295
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$221,295
Total Revenue per Form 990
$221,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$341,539
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
Depreciation Depletion$81,135--$81,135
Occupancy$54,193--$54,193
Insurance$26,852--$26,852
Fees for Services Accounting-$19,529-$19,529
Fees for Services Management-$13,398-$13,398
Other Expenses$10,800$18,141-$10,800
Office Expenses$417$8,974-$9,391
Fees for Services Other$6,329--$6,329
Advertising-$1,314-$1,314
Travel-$1,124-$1,124
Information Technology-$199-$199
Fees for Services Legal-$197-$197
Total Functional Expenses$278,663$62,876$0$341,539

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$341,539
Total Expenses per Audited Statements$341,539
Total Expenses per Form 990$341,539
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$22,160
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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

“Effective january 1, 2018, the organization entered into a housing management agreement with swap community land trust, a related organization. The fees for service under the agreement are 6.8% of gross rental collections for the preceding month based upon approved contract rents. Management fees for the year ending december 31, 2023 were $13,398. No individuals listed on form 990, part vii were compensated by the related organization.”

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

“The governing board did not document their meetings in the current year.”

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

“The organization does not have committees that act on behalf of the governing body.”

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

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. Once the board has approved the return it is filed with the internal revenue service.”

Form 990, Part VI, Section C, Line 19

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request or by calling the organization directly.”

Filing and Contact Details

Filer

Filer Name
201 Thurbers Inc
EIN
26-2399236
Phone
4012720526
Address
439 PINE STREET, PROVIDENCE, RI 02907

Signing Officer

Name
Carla Destefano
Title
Executive Director
Phone
4012720526
Signed
2024-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carla Destefano
Formed
2007
Legal Domicile
Ri
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
500 MAMARONECK AVENUE SUITE 301, HARRISON, NY 10528-1633
Preparer
Garrett M Higgins
Phone
9143818900
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“The organization holds security deposits for tenants in an escrow account. These deposits are returned to the tenants once they move out of the apartment.”

PART X, LINE 2:

“The entity recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the entity had no uncertain tax positions that would require financial statement recognition or disclosure. The entity is no longer subject to examinations by the applicable taxing jurisdictions for years prior to december 31, 2020.”

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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/MissionDesc0A NON-PROFIT CORPORATION ORGANIZATION UNDER THE LAWS OF RHODE ISLAND, FOR THE PURPOSE OF ACQUIRING AND OPERATING A 22 UNIT APARTMENT COMPLEX LOCATED IN PROVIDENCE, RHODE ISLAND. THE APARTMENT COMPLEX IS OPERATED TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03146800
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03146800
IRS990/NetAssetsOrFundBalancesBOYAmt0-445382
IRS990/NetAssetsOrFundBalancesEOYAmt0-565626
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-445382
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-565626
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt054193
IRS990/OccupancyGrp/TotalAmt054193
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08974
IRS990/OfficeExpensesGrp/ProgramServicesAmt0417
IRS990/OfficeExpensesGrp/TotalAmt09391
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09439
IRS990/OtherAssetsTotalGrp/EOYAmt09372
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ALLOCATED COMPENSATION
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2RESIDENT SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018141
IRS990/OtherExpensesGrp/ProgramServicesAmt044865
IRS990/OtherExpensesGrp/ProgramServicesAmt154072
IRS990/OtherExpensesGrp/ProgramServicesAmt210800
IRS990/OtherExpensesGrp/TotalAmt063006
IRS990/OtherExpensesGrp/TotalAmt154072
IRS990/OtherExpensesGrp/TotalAmt210800
IRS990/OtherLiabilitiesGrp/BOYAmt014973
IRS990/OtherLiabilitiesGrp/EOYAmt022160
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER TENANT CHARGES
IRS990/OtherRevenueMiscGrp/ExclusionAmt0251
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0251
IRS990/OtherRevenueTotalAmt0251
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01564
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01564
IRS990/PrincipalOfficerNm0CARLA DESTEFANO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt066731
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt066731
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0158203
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0594
IRS990/PYOtherExpensesAmt0314514
IRS990/PYOtherRevenueAmt02672
IRS990/PYProgramServiceRevenueAmt064086
IRS990/PYRevenuesLessExpensesAmt0-88959
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0314514
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0225555
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-120244
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt066731
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0122938
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0116296
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER TENANT CHARGES - 2019 AMOUNT: $ 809. 2020 AMOUNT: $ 725. 2021 AMOUNT: $ 3,255. 2022 AMOUNT: $ 2,672. 2023 AMOUNT: $ 251.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0152072
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0158203
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0153593
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0151201
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0155865
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0770934
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02241
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0594
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt093
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt095
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03031
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt066731
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt064086
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt062042
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt061905
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt059031
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0313795
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02241
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0594
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt093
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt095
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03031
IRS990ScheduleA/InvestmentIncomeCYPct00.00280
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0251
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02672
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03255
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0725
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0809
IRS990ScheduleA/OtherIncome509Grp/TotalAmt07712
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99020
IRS990ScheduleA/PublicSupportPY509Pct00.99240
IRS990ScheduleA/PublicSupportTotal509Amt01084729
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0218803
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0222289
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0215635
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0213106
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0214896
IRS990ScheduleA/Total509Grp/TotalAmt01084729
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0221295
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0225555
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0218983
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0213926
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0215713
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01095472
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02117872
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01097401
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03215273
IRS990ScheduleD/EquipmentGrp/BookValueAmt082
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039927
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt040009
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0341539
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0435000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0435000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0221295
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FOR TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE APARTMENT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ENTITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ENTITY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ENTITY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO DECEMBER 31, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02552954
IRS990ScheduleD/TotalExpensesPerForm990Amt0341539
IRS990ScheduleD/TotalLiabilityAmt022160
IRS990ScheduleD/TotalRevenuePerForm990Amt0221295
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0221295
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0341539
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt032000

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,708,616
Liabilities
$3,274,242
Net assets
-$565,626
Revenue
$221,295
Expenses
$341,539
Net income
-$120,244
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.64$3.30$0.67$0.25$0.35$0.10
2023Detailed filing. Detailed filing data is available for this year.$2.71$3.27$0.57$0.22$0.34$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.78$3.23$0.45$0.23$0.31$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.84$3.19$0.36$0.22$0.31$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.92$3.19$0.27$0.21$0.30$0.09
2019Detailed filing. Detailed filing data is available for this year.$3.01$3.19$0.18$0.22$0.31$0.10
2018Detailed filing. Detailed filing data is available for this year.$3.12$3.20$0.08$0.21$0.28$0.07
2017Detailed filing. Detailed filing data is available for this year.$3.17$3.19$0.02$0.21$0.37$0.16
2016Detailed filing. Detailed filing data is available for this year.$3.33$3.19$0.14$0.21$0.28$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.40$3.19$0.21$0.22$0.29$0.07
2014Detailed filing. Detailed filing data is available for this year.$3.47$3.19$0.28$0.22$0.29$0.07
2013Detailed filing. Detailed filing data is available for this year.$3.55$3.19$0.36$0.21$0.25$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$3.20$0.40$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.62$3.18$0.45$0.25