Civic Intelligence

E Reyes Apartments Housing Development Fund Corporation

990 • Fiscal year 2018 • EIN 26-4762092

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 07, 2019

Organization ProfileLOSSURES.ORG
434 South 5th StreetBrooklyn, NY 11211

(718) 387-3600

Siviq Scores

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

Liabilities / Assets

80th percentile

1.28x

Higher debt load relative to assets than 80% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

52nd percentile

4.58x

Higher debt load relative to revenue than 52% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2018

Net Margin

79th percentile

5.9%

Higher net margin than 79% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

64th percentile

$130,000

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2018

Asset Growth

85th percentile

1.6%

Faster asset growth than 85% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

67th percentile

7.8%

Faster revenue growth than 67% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$2,430,708

Up $38,419 (+1.6%) from 2017

Net Assets

Up

-$676,044

Up $40,000 (+5.6%) from 2017

Liabilities

Down

$3,106,752

Down $1,581 (-0.1%) from 2017

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin79th percentile

Revenue

Up

$679,004

Up $49,086 (+7.8%) from 2017

Expenses

Down

$639,004

Down $27,613 (-4.1%) from 2017

Net Income

Up

$40,000

Up $76,699 (+209%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2013: $2,517,554Liabilities 2013: $3,099,855Net Assets 2013: -$582,3012013Assets 2014: $2,494,478Liabilities 2014: $3,109,525Net Assets 2014: -$615,0472014Assets 2015: $2,468,265Liabilities 2015: $3,126,450Net Assets 2015: -$658,1852015Assets 2016: $2,424,902Liabilities 2016: $3,104,247Net Assets 2016: -$679,3452016Assets 2017: $2,392,289Liabilities 2017: $3,108,333Net Assets 2017: -$716,0442017Assets 2018: $2,430,708Liabilities 2018: $3,106,752Net Assets 2018: -$676,0442018Assets 2019: $2,363,346Liabilities 2019: $3,112,043Net Assets 2019: -$748,6972019Assets 2020: $2,378,967Liabilities 2020: $3,142,809Net Assets 2020: -$763,8422020Assets 2021: $2,435,268Liabilities 2021: $3,141,058Net Assets 2021: -$705,7902021Assets 2022: $2,361,742Liabilities 2022: $3,145,802Net Assets 2022: -$784,0602022Assets 2023: $2,694,726Liabilities 2023: $3,131,315Net Assets 2023: -$436,5892023Assets 2024: $3,136,894Liabilities 2024: $3,135,577Net Assets 2024: $1,3172024

Highlighted filing

2018

Assets$2,430,708
Liabilities$3,106,752
Net Assets-$676,044
Open 2018 Filing

Operations Trend

Revenue Growth67th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $499,935Expenses 2013: $514,942Net Income 2013: -$15,0072013Revenue 2014: $562,181Expenses 2014: $594,927Net Income 2014: -$32,7462014Revenue 2015: $593,247Expenses 2015: $636,385Net Income 2015: -$43,1382015Revenue 2016: $672,823Expenses 2016: $693,983Net Income 2016: -$21,1602016Revenue 2017: $629,918Expenses 2017: $666,617Net Income 2017: -$36,6992017Revenue 2018: $679,004Expenses 2018: $639,004Net Income 2018: $40,0002018Revenue 2019: $677,887Expenses 2019: $750,540Net Income 2019: -$72,6532019Revenue 2020: $712,149Expenses 2020: $742,058Net Income 2020: -$29,9092020Revenue 2021: $867,517Expenses 2021: $809,465Net Income 2021: $58,0522021Revenue 2022: $742,388Expenses 2022: $820,658Net Income 2022: -$78,2702022Revenue 2023: $1,118,713Expenses 2023: $817,842Net Income 2023: $300,8712023Revenue 2024: $1,641,676Expenses 2024: $800,967Net Income 2024: $840,7092024

Highlighted filing

2018

Revenue$679,004
Expenses$639,004
Net Income$40,000
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$679,004
Mission and Program Overview

Mission

Organized exclusively to own, rehabilitate, manage, lease, maintain, develop and operate housing project for persons of low income.

Organized exclusively to own, rehabilitate, manage, lease, develop, and operate housing project for persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,513,255$1,409,139▼ $104,116
Savings and Temporary Cash Investments$702,536$753,865▲ $51,329
Cash and Non-Interest-Bearing Accounts$145,863$215,362▲ $69,499
Accounts Receivable$16,114$33,178▲ $17,064
Prepaid Expenses and Deferred Charges$312$5,965▲ $5,653
Total Assets$2,392,289$2,430,708▲ $38,419
Other Assets Total$14,209$13,199▼ $1,010
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,028,228$3,028,228→ $0
Other Liabilities$54,383$66,555▲ $12,172
Accounts Payable and Accrued Expenses$25,722$11,969▼ $13,753
Total Liabilities$3,108,333$3,106,752▼ $1,581
Net Assets / Fund Balance
Unrestricted Net Assets$-716,044$-676,044▲ $40,000
Total Net Assets Fund Balance$-716,044$-676,044▲ $40,000
Total Liabilities and Net Assets / Fund Balance$2,392,289$2,430,708▲ $38,419

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,406,789$3,089,517$4,496,306
Equipment$0$135,255$135,255
Land$2,350-$2,350
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleOtherTotal
Juan RamosExecutive Director$130,000$130,000
Lenette BerriosFinance Director$119,423$119,423

Board Members and Trustees

NameTitle
David LopezChairman
Ray NarvaezVice Chairman
Damaris ReyesBoard Member
Gladys OgandoBoard Member
Kenneth MohanBoard Member
Maisha MoralesBoard Member
Maria OcasioBoard Member
Martin NeedlemanBoard Member
Ricardo MolinaBoard Member
Rosa NeivesBoard Member
Teresa CruzBoard Member
Wilfredo VargasBoard Member
Cassandra AcevedoSecretary
Israel RosarioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$664,674
Investment Income
$14,330
Other Revenue
$0
Change in Net Assets
$40,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$679,004
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$679,004
Total Revenue per Form 990
$679,004
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$639,004
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$128,669--$128,669
Occupancy$128,257--$128,257
Fees for Services Management$3,775$49,987-$53,762
Insurance$34,929--$34,929
Interest$25,854--$25,854
Office Expenses$4,623--$4,623
Fees for Services Accounting-$4,250-$4,250
Fees for Services Legal$2,436--$2,436
Other Expenses$1,076--$1,076
Total Functional Expenses$584,767$54,237$0$639,004

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$639,004
Total Expenses per Audited Statements$639,004
Total Expenses per Form 990$639,004
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$45,218
Due to Affiliates$14,720
Prepaid Rents$6,617
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A draft of the tax return is discussed and reviewed with the organization's top management and officers of the board before a final draft is approved for submission. For 2018, due to time constraints the board did not get the chance to review and approve prior to submission. Review and approval process will be done at the following board meeting after submission.”

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

“Officers, directors, trustees and key employees are required to submit signed statements.”

Form 990, Part VI, Section C, Line 19

“Officers, directors, trustees and key employees are required to submit signed statements.”

Filing and Contact Details

Filer

Filer Name
E Reyes Apartments Housing Development
EIN
26-4762092
Phone
7183873600
Address
434 SOUTH 5TH STREET, BROOKLYN, NY 11211

Signing Officer

Name
Juan Ramos
Title
Executive Director
Phone
7183873600
Signed
2019-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Juan Ramos
Formed
2009
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
1301 AVENUE OF THE AMERICAS, NEW YORK, NY 10019
Preparer
Lori Rothe Yokobosky CPA
Phone
2122970400
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 X, LINE 2:

“The corporation has applied for and received a determination letter from the internal revenue service to be treated as a tax-exempt entity pursuant to section 501 (c) (3) of the internal revenue code and did not have any unrelated business income for the year ended december 31, 2018. Due to its tax-exempt status, the corporation is not subject to income taxes. The corporation is required to file and does file tax returns with the internal revenue service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the corporation are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2015 remain open.”

Raw XML AppendixShowing 400 of 814 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/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0679004
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt034929
IRS990/InsuranceGrp/TotalAmt034929
IRS990/InterestGrp/ProgramServicesAmt025854
IRS990/InterestGrp/TotalAmt025854
IRS990/InvestmentIncomeGrp/ExclusionAmt014330
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt014330
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03224772
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01513255
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01409139
IRS990/LandBldgEquipCostOrOtherBssAmt04633911
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ORGANIZED EXCLUSIVELY TO OWN, REHABILITATE, MANAGE, LEASE, MAINTAIN DEVELOP AND OPERATE HOUSING PROJECT FOR PERSONS OF LOW INCOME.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03028228
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03028228
IRS990/NetAssetsOrFundBalancesBOYAmt0-716044
IRS990/NetAssetsOrFundBalancesEOYAmt0-676044
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0128257
IRS990/OccupancyGrp/TotalAmt0128257
IRS990/OfficeExpensesGrp/ProgramServicesAmt04623
IRS990/OfficeExpensesGrp/TotalAmt04623
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014209
IRS990/OtherAssetsTotalGrp/EOYAmt013199
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SOCIAL SERVICE
IRS990/OtherExpensesGrp/Desc2MORTGAGE SERVICE FEE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0199185
IRS990/OtherExpensesGrp/ProgramServicesAmt149500
IRS990/OtherExpensesGrp/ProgramServicesAmt26463
IRS990/OtherExpensesGrp/ProgramServicesAmt31076
IRS990/OtherExpensesGrp/TotalAmt0199185
IRS990/OtherExpensesGrp/TotalAmt149500
IRS990/OtherExpensesGrp/TotalAmt26463
IRS990/OtherExpensesGrp/TotalAmt31076
IRS990/OtherLiabilitiesGrp/BOYAmt054383
IRS990/OtherLiabilitiesGrp/EOYAmt066555
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0312
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05965
IRS990/PrincipalOfficerNm0JUAN RAMOS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0664674
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0664674
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0666617
IRS990/PYOtherRevenueAmt08861
IRS990/PYProgramServiceRevenueAmt0621057
IRS990/PYRevenuesLessExpensesAmt0-36699
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0666617
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0629918
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt040000
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0664674
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0702536
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0753865
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2014 AMOUNT: $ 54,886. 2015 AMOUNT: $ 28,734. 2016 AMOUNT: $ 39,893. 2017 AMOUNT: $ 8,861.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt014330
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04464
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05501
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05082
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt029377
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0664674
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0621057
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0588612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0559012
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0502213
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02935568
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt014330
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04464
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05501
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05082
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt029377
IRS990ScheduleA/InvestmentIncomeCYPct00.00950
IRS990ScheduleA/InvestmentIncomePYPct00.00610
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt08861
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt039893
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt028734
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt054886
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0132374
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94780
IRS990ScheduleA/PublicSupportPY509Pct00.92980
IRS990ScheduleA/PublicSupportTotal509Amt02935568
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0664674
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0621057
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0588612
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0559012
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0502213
IRS990ScheduleA/Total509Grp/TotalAmt02935568
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0679004
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0629918
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0632969
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0593247
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0562181
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03097319
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01406789
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03089517
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04496306
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0135255
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0135255
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0639004
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02350
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02350
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045218
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114720
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26617
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID RENTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0679004
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2018. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2015 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01409139
IRS990ScheduleD/TotalExpensesPerForm990Amt0639004
IRS990ScheduleD/TotalLiabilityAmt066555
IRS990ScheduleD/TotalRevenuePerForm990Amt0679004
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0679004
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0639004
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE TAX RETURN IS DISCUSSED AND REVIEWED WITH THE ORGANIZATION'S TOP MANAGEMENT AND OFFICERS OF THE BOARD BEFORE A FINAL DRAFT IS APPROVED FOR SUBMISSION. FOR 2018, DUE TO TIME CONSTRAINTS THE BOARD DID NOT GET THE CHANCE TO REVIEW AND APPROVE PRIOR TO SUBMISSION. REVIEW AND APPROVAL PROCESS WILL BE DONE AT THE FOLLOWING BOARD MEETING AFTER SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT SIGNED STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT SIGNED STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,430,708
Liabilities
$3,106,752
Net assets
-$676,044
Revenue
$679,004
Expenses
$639,004
Net income
$40,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.14$3.14$0.00$1.64$0.80$0.84
2023Detailed filing. Detailed filing data is available for this year.$2.69$3.13$0.44$1.12$0.82$0.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$3.15$0.78$0.74$0.82$0.08
2021Detailed filing. Detailed filing data is available for this year.$2.44$3.14$0.71$0.87$0.81$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.38$3.14$0.76$0.71$0.74$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.36$3.11$0.75$0.68$0.75$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.43$3.11$0.68$0.68$0.64$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.39$3.11$0.72$0.63$0.67$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.42$3.10$0.68$0.67$0.69$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.47$3.13$0.66$0.59$0.64$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.49$3.11$0.62$0.56$0.59$0.03
2013Detailed filing. Detailed filing data is available for this year.$2.52$3.10$0.58$0.50$0.51$0.02