Civic Intelligence

E Reyes Apartments Housing Development Fund Corporation

990 • Fiscal year 2020 • EIN 26-4762092

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

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

76th percentile

1.32x

Higher debt load relative to assets than 76% of similar nonprofits.

2020 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

48th percentile

4.41x

Higher debt load relative to revenue than 48% of similar nonprofits.

2020 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2020

Net Margin

67th percentile

-4.2%

Higher net margin than 67% of similar nonprofits.

2020 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

68th percentile

$137,000

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

2020 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2020

Asset Growth

76th percentile

0.7%

Faster asset growth than 76% of similar nonprofits.

2020 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

5.1%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$2,378,967

Up $15,621 (+0.7%) from 2019

Net Assets

Down

-$763,842

Down $15,145 (-2.0%) from 2019

Liabilities

Up

$3,142,809

Up $30,766 (+1.0%) from 2019

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin67th percentile

Revenue

Up

$712,149

Up $34,262 (+5.1%) from 2019

Expenses

Down

$742,058

Down $8,482 (-1.1%) from 2019

Net Income

Up

-$29,909

Up $42,744 (+59%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth76th 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

2020

Assets$2,378,967
Liabilities$3,142,809
Net Assets-$763,842
Open 2020 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

2020

Revenue$712,149
Expenses$742,058
Net Income-$29,909
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.1
Gross Receipts
$712,149
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$1,315,832$1,220,735▼ $95,097
Savings and Temporary Cash Investments$772,846$784,173▲ $11,327
Cash and Non-Interest-Bearing Accounts$232,161$269,694▲ $37,533
Accounts Receivable$20,950$45,230▲ $24,280
Prepaid Expenses and Deferred Charges$8,358$8,358→ $0
Total Assets$2,363,346$2,378,967▲ $15,621
Other Assets Total$13,199$50,777▲ $37,578
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,028,228$3,028,228→ $0
Other Liabilities$63,603$62,481▼ $1,122
Accounts Payable and Accrued Expenses$20,212$52,100▲ $31,888
Total Liabilities$3,112,043$3,142,809▲ $30,766
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-748,697$-763,842▼ $15,145
Total Net Assets Fund Balance$-748,697$-763,842▼ $15,145
Total Liabilities and Net Assets / Fund Balance$2,363,346$2,378,967▲ $15,621

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,218,385$3,327,346$4,545,731
Equipment$0$135,255$135,255
Land$2,350-$2,350
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleOtherTotal
Juan RamosExecutive Director$137,000$137,000
Lenette BerriosFinance Director$115,000$115,000

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$687,500
Investment Income
$337
Other Revenue
$24,312
Change in Net Assets
$-29,909

Audited Revenue Reconciliation

Revenue per Audited Statements
$712,149
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$712,149
Total Revenue per Form 990
$712,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$742,058
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$152,546--$152,546
Depreciation Depletion$108,401--$108,401
Fees for Services Management$3,222$47,128-$50,350
Insurance$42,767--$42,767
Interest$26,928--$26,928
Fees for Services Accounting-$9,200-$9,200
Other Expenses$6,463--$6,463
All Other Expenses$6,284--$6,284
Office Expenses$4,700--$4,700
Fees for Services Legal$3,074--$3,074
Fees for Services Other$2,050--$2,050
Total Functional Expenses$685,730$56,328$0$742,058

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$742,058
Total Expenses per Audited Statements$742,058
Total Expenses per Form 990$742,058
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
Tenant Security Deposits$46,031
Due to Affiliates$13,064
Prepaid Rents$3,386
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
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 2020, 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

“Upon request the organization made available documents.”

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
2021-11-05
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, 2020. 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 2017 remain open.”

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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/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15FINANCE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0712149
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt042767
IRS990/InsuranceGrp/TotalAmt042767
IRS990/InterestGrp/ProgramServicesAmt026928
IRS990/InterestGrp/TotalAmt026928
IRS990/InvestmentIncomeGrp/ExclusionAmt0337
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0337
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03462601
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01315832
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01220735
IRS990/LandBldgEquipCostOrOtherBssAmt04683336
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/NetAssetsOrFundBalancesBOYAmt0-748697
IRS990/NetAssetsOrFundBalancesEOYAmt0-763842
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-748697
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-763842
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0152546
IRS990/OccupancyGrp/TotalAmt0152546
IRS990/OfficeExpensesGrp/ProgramServicesAmt04700
IRS990/OfficeExpensesGrp/TotalAmt04700
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013199
IRS990/OtherAssetsTotalGrp/EOYAmt050777
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OPERATING & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SOCIAL SERVICE
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3MORTGAGE SERVICE FEE
IRS990/OtherExpensesGrp/ProgramServicesAmt0232390
IRS990/OtherExpensesGrp/ProgramServicesAmt152515
IRS990/OtherExpensesGrp/ProgramServicesAmt244390
IRS990/OtherExpensesGrp/ProgramServicesAmt36463
IRS990/OtherExpensesGrp/TotalAmt0232390
IRS990/OtherExpensesGrp/TotalAmt152515
IRS990/OtherExpensesGrp/TotalAmt244390
IRS990/OtherExpensesGrp/TotalAmt36463
IRS990/OtherLiabilitiesGrp/BOYAmt063603
IRS990/OtherLiabilitiesGrp/EOYAmt062481
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt024312
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt024312
IRS990/OtherRevenueTotalAmt024312
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08358
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08358
IRS990/PrincipalOfficerNm0JUAN RAMOS
IRS990/PriorPeriodAdjustmentsAmt014764
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0687500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0687500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0750540
IRS990/PYOtherRevenueAmt021805
IRS990/PYProgramServiceRevenueAmt0656082
IRS990/PYRevenuesLessExpensesAmt0-72653
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0750540
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0677887
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-29909
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0711812
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0772846
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0784173
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2016 AMOUNT: $ 39,893. 2017 AMOUNT: $ 8,861. 2019 AMOUNT: $ 21,805. 2020 AMOUNT: $ 24,312.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0337
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt014330
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04464
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt019131
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0687500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0656082
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0664674
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0621057
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0588612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03217925
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0337
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt014330
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04464
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt019131
IRS990ScheduleA/InvestmentIncomeCYPct00.00570
IRS990ScheduleA/InvestmentIncomePYPct00.00760
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt024312
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt021805
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08861
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt039893
IRS990ScheduleA/OtherIncome509Grp/TotalAmt094871
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96580
IRS990ScheduleA/PublicSupportPY509Pct00.96150
IRS990ScheduleA/PublicSupportTotal509Amt03217925
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0687500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0656082
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0664674
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0621057
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0588612
IRS990ScheduleA/Total509Grp/TotalAmt03217925
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0712149
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0677887
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0679004
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0629918
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0632969
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03331927
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01218385
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03327346
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04545731
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0135255
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0135255
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0742058
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02350
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02350
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt046031
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113064
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23386
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID RENTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0712149
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, 2020. 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 2017 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,378,967
Liabilities
$3,142,809
Net assets
-$763,842
Revenue
$712,149
Expenses
$742,058
Net income
-$29,909
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