Civic Intelligence

Waterford Dublin Development Inc.

990 • Fiscal year 2014 • EIN 27-1073302

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 14, 2015

Organization ProfileN/A
2730 Cumberland BoulevardSuiteSmyrna, GA 30080

(770) 431-9696

Siviq Scores

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

Liabilities / Assets

39th percentile

0.11x

Higher debt load relative to assets than 39% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

90th percentile

2.94x

Higher debt load relative to revenue than 90% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

3rd percentile

-97%

Higher net margin than 3% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

23rd percentile

-3.1%

Faster asset growth than 23% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

44th percentile

1.9%

Faster revenue growth than 44% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$9,249,014

Down $296,452 (-3.1%) from 2013

Net Assets

Down

$8,267,587

Down $322,508 (-3.8%) from 2013

Liabilities

Up

$981,427

Up $26,056 (+2.7%) from 2013

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin3rd percentile

Revenue

Up

$333,860

Up $6,254 (+1.9%) from 2013

Expenses

Up

$656,368

Up $56,809 (+9.5%) from 2013

Net Income

Down

-$322,508

Down $50,555 (-19%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$15M$10M$5.0M$0Assets 2011: $10,106,639Liabilities 2011: $961,654Net Assets 2011: $9,144,9852011Assets 2012: $9,799,768Liabilities 2012: $937,720Net Assets 2012: $8,862,0482012Assets 2013: $9,545,466Liabilities 2013: $955,371Net Assets 2013: $8,590,0952013Assets 2014: $9,249,014Liabilities 2014: $981,427Net Assets 2014: $8,267,5872014Assets 2015: $9,018,884Liabilities 2015: $1,050,928Net Assets 2015: $7,967,9562015Assets 2016: $8,707,251Liabilities 2016: $1,054,766Net Assets 2016: $7,652,4852016Assets 2017: $8,433,948Liabilities 2017: $1,038,575Net Assets 2017: $7,395,3732017Assets 2018: $8,219,011Liabilities 2018: $1,074,951Net Assets 2018: $7,144,0602018Assets 2019: $8,033,219Liabilities 2019: $1,157,934Net Assets 2019: $6,875,2852019Assets 2020: $7,825,577Liabilities 2020: $1,150,184Net Assets 2020: $6,675,3932020Assets 2021: $7,680,584Liabilities 2021: $1,246,781Net Assets 2021: $6,433,8032021Assets 2022: $7,437,177Liabilities 2022: $1,286,020Net Assets 2022: $6,151,1572022Assets 2023: $7,162,850Liabilities 2023: $1,389,711Net Assets 2023: $5,773,1392023Assets 2024: $7,128,942Liabilities 2024: $1,470,383Net Assets 2024: $5,658,5592024

Highlighted filing

2014

Assets$9,249,014
Liabilities$981,427
Net Assets$8,267,587
Open 2014 Filing

Operations Trend

Revenue Growth44th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $600,3442011Expenses 2012: $601,0262012Revenue 2013: $327,606Expenses 2013: $599,559Net Income 2013: -$271,9532013Revenue 2014: $333,860Expenses 2014: $656,368Net Income 2014: -$322,5082014Revenue 2015: $336,677Expenses 2015: $636,308Net Income 2015: -$299,6312015Revenue 2016: $339,207Expenses 2016: $654,678Net Income 2016: -$315,4712016Revenue 2017: $371,921Expenses 2017: $629,033Net Income 2017: -$257,1122017Revenue 2018: $388,401Expenses 2018: $639,714Net Income 2018: -$251,3132018Revenue 2019: $420,714Expenses 2019: $689,489Net Income 2019: -$268,7752019Revenue 2020: $495,386Expenses 2020: $695,278Net Income 2020: -$199,8922020Revenue 2021: $482,692Expenses 2021: $724,282Net Income 2021: -$241,5902021Revenue 2022: $521,155Expenses 2022: $803,801Net Income 2022: -$282,6462022Revenue 2023: $602,375Expenses 2023: $980,393Net Income 2023: -$378,0182023Revenue 2024: $637,500Expenses 2024: $752,080Net Income 2024: -$114,5802024

Highlighted filing

2014

Revenue$333,860
Expenses$656,368
Net Income-$322,508
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 14, 2015
Return Version
2014v5.0
Gross Receipts
$333,860
Mission and Program Overview

Mission

To acquire, construct, own and operate a 56 unit rental housing facility for low-income residents known as waterford estates located in dublin, georgia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,864,437$8,580,101▼ $284,336
Intangible Assets$322,970$296,055▼ $26,915
Savings and Temporary Cash Investments$192,716$292,118▲ $99,402
Cash and Non-Interest-Bearing Accounts$162,774$77,768▼ $85,006
Accounts Receivable$2,569$2,972▲ $403
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$9,545,466$9,249,014▼ $296,452
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$640,642$640,642→ $0
Other Liabilities$309,948$338,697▲ $28,749
Deferred Revenue$4,749$1,897▼ $2,852
Accounts Payable and Accrued Expenses$32$191▲ $159
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$955,371$981,427▲ $26,056
Net Assets / Fund Balance
Unrestricted Net Assets$8,590,095$8,267,587▼ $322,508
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$8,590,095$8,267,587▼ $322,508
Total Liabilities and Net Assets / Fund Balance$9,545,466$9,249,014▼ $296,452

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,101,499$1,137,344$9,238,843
Land$478,602-$478,602
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Mark Du MasChairman/treasurer
Kent Sherwood LevensonDirector
R Hunt Dunlap JrSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$333,840
Investment Income
$20
Other Revenue
$0
Change in Net Assets
$-322,508

Audited Revenue Reconciliation

Revenue per Audited Statements
$333,860
Revenue Not Reported on Form 990
$237,500
Total Revenue per Audited Statements
$571,360
Total Revenue per Form 990
$333,860
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$656,368
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$311,251--$311,251
Other Expenses$41,322--$41,322
All Other Expenses$39,134--$39,134
Interest$29,428--$29,428
Insurance$16,305--$16,305
Advertising$5,728--$5,728
Total Functional Expenses$656,368$0$0$656,368

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$656,368
Total Expenses per Audited Statements$656,368
Total Expenses per Form 990$656,368
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Development Fees$187,778
Accrued Interest on Note Payable$122,293
Tenant Security Deposits$23,131
Due to Sponsoring Organization$5,495
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

“Explanation: the president reviews and approves the form 990 before filing.”

FORM 990, PART VI, SECTION B, LINE 12C:

“Explanation: officers and directors are reminded of this policy at each board meeting and are asked to disclose any potential conflicts of interest for discussion by the board.”

FORM 990, PART VI, SECTION B, LINE 15:

“Explanation: the organization has no paid employees or officers. Directors and officers serve in a volunteer capacity and are not compensated for their service.”

FORM 990, PART VI, SECTION C, LINE 19:

“Explanation: the documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Waterford Dublin Development Inc
EIN
27-1073302
In Care Of
% MARK DU MAS
Phone
7704319696
Address
2730 CUMBERLAND BOULEVARD, Suite, SMYRNA, GA 30080

Signing Officer

Name
Mark Du Mas
Title
President
Phone
7704319696
Signed
2015-08-14

Organization Details

Formed
2009
Legal Domicile
Ga
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Habif Arogeti & Wynne Llp
Address
FIVE CONCOURSE PARKWAY SUITE 1000, ATLANTA, GA 30328
Preparer
Ed D Deck
Phone
4048929651
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 8, GRANT FUNDING:

“Explanation: the organization securred arra section 1602 grant funding of $9,500,000 through the georgia housing and finance authority of which $6,851,980 was drawn in 2010 and the remaining balance of $2,648,020 was drawn in 2011 for the construciton and waterford estates which is a 56 unit rental apartment facility for low-income individuals and families in dublin, georgia. The construction of the facility was completed as of januayr jj, 2011. The organization is required by the section 1602 grant to remain compliant with the program guidelines for a period of fifteen years.”

FORM 990, PART XII, LINE 2D, OTHER REVENUE:

“Explanation: the organization has elected to amortize the section 1602 grant funding received over the fifteen year compliance period for financial reporting purposes.”

Financial Statement Notes

Oth Amts included in financials not in the return Revenue

“Section 1602 grant income”

Raw XML AppendixShowing 400 of 441 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt032
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0191
IRS990/AccountsReceivableGrp/BOYAmt02569
IRS990/AccountsReceivableGrp/EOYAmt02972
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ACQUIRE, CONSTRUCT, OWN AND OPERATE A 56 UNIT RENTAL HOUSING FACILITY FOR LOW-INCOME RESIDENTS KNOWN AS WATERFORD ESTATES LOCATED IN DUBLIN, GEORGIA.
IRS990/AdvertisingGrp/ProgramServicesAmt05728
IRS990/AdvertisingGrp/TotalAmt05728
IRS990/AllOtherExpensesGrp/ProgramServicesAmt039134
IRS990/AllOtherExpensesGrp/TotalAmt039134
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0MARK DU MAS
IRS990/BooksInCareOfDetail/PhoneNum07704319696
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02730 CUMBERLAND BOULEVARD
IRS990/BooksInCareOfDetail/USAddress/CityNm0SMYRNA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd030080
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0162774
IRS990/CashNonInterestBearingGrp/EOYAmt077768
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt020
IRS990/CYOtherExpensesAmt0656368
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0333840
IRS990/CYRevenuesLessExpensesAmt0-322508
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0656368
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0333860
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt04749
IRS990/DeferredRevenueGrp/EOYAmt01897
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0311251
IRS990/DepreciationDepletionGrp/TotalAmt0311251
IRS990/Desc0THE ORGANIZATION OWNS AND OPERATES A 56 UNIT RENTAL FACILITY FOR LOW-INCOME RESIDENTS. RENTAL OPERATIONS OF THE FACILITY BEGAN ON JANUARY 1, 2011.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt0656368
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK DU MAS
IRS990/Form990PartVIISectionAGrp/PersonNm1R HUNT DUNLAP JR
IRS990/Form990PartVIISectionAGrp/PersonNm2KENT SHERWOOD LEVENSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0333860
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt016305
IRS990/InsuranceGrp/TotalAmt016305
IRS990/IntangibleAssetsGrp/BOYAmt0322970
IRS990/IntangibleAssetsGrp/EOYAmt0296055
IRS990/InterestGrp/ProgramServicesAmt029428
IRS990/InterestGrp/TotalAmt029428
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt020
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01137344
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08864437
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08580101
IRS990/LandBldgEquipCostOrOtherBssAmt09717445
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0640642
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0640642
IRS990/NetAssetsOrFundBalancesBOYAmt08590095
IRS990/NetAssetsOrFundBalancesEOYAmt08267587
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0PAYROLL EXPENSE REIMBURSEMENT
IRS990/OtherExpensesGrp/Desc1OPERATING AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2GENERAL AND ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3PROPERTY TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0101033
IRS990/OtherExpensesGrp/ProgramServicesAmt172330
IRS990/OtherExpensesGrp/ProgramServicesAmt239837
IRS990/OtherExpensesGrp/ProgramServicesAmt341322
IRS990/OtherExpensesGrp/TotalAmt0101033
IRS990/OtherExpensesGrp/TotalAmt172330
IRS990/OtherExpensesGrp/TotalAmt239837
IRS990/OtherExpensesGrp/TotalAmt341322
IRS990/OtherLiabilitiesGrp/BOYAmt0309948
IRS990/OtherLiabilitiesGrp/EOYAmt0338697
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0333840
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0333840
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0599559
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0327591
IRS990/PYRevenuesLessExpensesAmt0-271953
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0599559
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0327606
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-322508
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0333860
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0192716
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0292118
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02648020
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt06851980
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09500000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt020
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0707
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0742
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0333840
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0327591
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0317382
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0245329
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01224142
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt020
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0707
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0742
IRS990ScheduleA/InvestmentIncomeCYPct00.00007
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99993
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt010724142
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0333840
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0327591
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0317382
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02893349
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt06851980
IRS990ScheduleA/Total509Grp/TotalAmt010724142
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0333860
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0327606
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0318089
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02893349
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt06851980
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010724884
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08101499
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01137344
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09238843
IRS990ScheduleD/ExpensesSubtotalAmt0656368
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0478602
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0478602
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0122293
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123131
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2187778
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35495
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST ON NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED DEVELOPMENT FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO SPONSORING ORGANIZATION
IRS990ScheduleD/OtherRevenueAmt0237500
IRS990ScheduleD/RevenueNotReportedAmt0237500
IRS990ScheduleD/RevenueSubtotalAmt0333860
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SECTION 1602 GRANT INCOME
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Oth Amts included in financials not in the return Revenue
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08580101
IRS990ScheduleD/TotalExpensesPerForm990Amt0656368
IRS990ScheduleD/TotalLiabilityAmt0338697
IRS990ScheduleD/TotalRevenuePerForm990Amt0333860
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0571360
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0656368
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: THE ORGANIZATION SECURRED ARRA SECTION 1602 GRANT FUNDING OF $9,500,000 THROUGH THE GEORGIA HOUSING AND FINANCE AUTHORITY OF WHICH $6,851,980 WAS DRAWN IN 2010 AND THE REMAINING BALANCE OF $2,648,020 WAS DRAWN IN 2011 FOR THE CONSTRUCITON AND WATERFORD ESTATES WHICH IS A 56 UNIT RENTAL APARTMENT FACILITY FOR LOW-INCOME INDIVIDUALS AND FAMILIES IN DUBLIN, GEORGIA. THE CONSTRUCTION OF THE FACILITY WAS COMPLETED AS OF JANUAYR JJ, 2011. THE ORGANIZATION IS REQUIRED BY THE SECTION 1602 GRANT TO REMAIN COMPLIANT WITH THE PROGRAM GUIDELINES FOR A PERIOD OF FIFTEEN YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPLANATION: THE PRESIDENT REVIEWS AND APPROVES THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPLANATION: OFFICERS AND DIRECTORS ARE REMINDED OF THIS POLICY AT EACH BOARD MEETING AND ARE ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST FOR DISCUSSION BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXPLANATION: THE ORGANIZATION HAS NO PAID EMPLOYEES OR OFFICERS. DIRECTORS AND OFFICERS SERVE IN A VOLUNTEER CAPACITY AND ARE NOT COMPENSATED FOR THEIR SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXPLANATION: THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EXPLANATION: THE ORGANIZATION HAS ELECTED TO AMORTIZE THE SECTION 1602 GRANT FUNDING RECEIVED OVER THE FIFTEEN YEAR COMPLIANCE PERIOD FOR FINANCIAL REPORTING PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 8, GRANT FUNDING:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2D, OTHER REVENUE:
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PACES FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ROSEWOOD CORDELE DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2GALLERIA MANOR SENIOR DEVELOPMENT I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0581949667
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1271073169
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2300606247
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AFFORDABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1AFFORDABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2AFFORDABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Sec 5092a
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Sec 5092a
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2Sec 5092a
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02730 CUMBERLAND BOULEVARD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt12730 CUMBERLAND BOULEVARD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt22730 CUMBERLAND BOULEVARD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SMYRNA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1SMYRNA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2SMYRNA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd030080
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd130080
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd230080
IRS990/SchoolOperatingInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09545466
IRS990/TotalAssetsEOYAmt09249014
IRS990/TotalAssetsGrp/BOYAmt09545466
IRS990/TotalAssetsGrp/EOYAmt09249014
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0656368
IRS990/TotalFunctionalExpensesGrp/TotalAmt0656368
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0955371
IRS990/TotalLiabilitiesEOYAmt0981427
IRS990/TotalLiabilitiesGrp/BOYAmt0955371
IRS990/TotalLiabilitiesGrp/EOYAmt0981427
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08590095
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08267587
IRS990/TotalProgramServiceExpensesAmt0656368
IRS990/TotalProgramServiceRevenueAmt0333840
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0333860
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0333860
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09545466

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$9,249,014
Liabilities
$981,427
Net assets
$8,267,587
Revenue
$333,860
Expenses
$656,368
Net income
-$322,508
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.13$1.47$5.66$0.64$0.75$0.11
2023Detailed filing. Detailed filing data is available for this year.$7.16$1.39$5.77$0.60$0.98$0.38
2022Detailed filing. Detailed filing data is available for this year.$7.44$1.29$6.15$0.52$0.80$0.28
2021Detailed filing. Detailed filing data is available for this year.$7.68$1.25$6.43$0.48$0.72$0.24
2020Detailed filing. Detailed filing data is available for this year.$7.83$1.15$6.68$0.50$0.70$0.20
2019Detailed filing. Detailed filing data is available for this year.$8.03$1.16$6.88$0.42$0.69$0.27
2018Detailed filing. Detailed filing data is available for this year.$8.22$1.07$7.14$0.39$0.64$0.25
2017Detailed filing. Detailed filing data is available for this year.$8.43$1.04$7.40$0.37$0.63$0.26
2016Detailed filing. Detailed filing data is available for this year.$8.71$1.05$7.65$0.34$0.65$0.32
2015Detailed filing. Detailed filing data is available for this year.$9.02$1.05$7.97$0.34$0.64$0.30
2014Detailed filing. Detailed filing data is available for this year.$9.25$0.98$8.27$0.33$0.66$0.32
2013Detailed filing. Detailed filing data is available for this year.$9.55$0.96$8.59$0.33$0.60$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.80$0.94$8.86$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$0.96$9.14$0.60