Civic Intelligence

419 Walnut Inc C/O Rogerson Communities Inc

990 • Fiscal year 2015 • EIN 27-1087138

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization ProfileWWW.ROGERSON.ORG

Refreshing map…

1 Florence StreetBoston, MA 02131

(617) 469-5800

Siviq Scores

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

Liabilities / Assets

69th percentile

0.47x

Higher debt load relative to assets than 69% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

22.45x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

5th percentile

-59%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

67th percentile

5.9%

Faster asset growth than 67% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-92%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$10,439,679

Up $583,451 (+5.9%) from 2014

Net Assets

Up

$5,508,209

Up $5,620 (+0.1%) from 2014

Liabilities

Up

$4,931,470

Up $577,831 (+13%) from 2014

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin5th percentile

Revenue

Down

$219,674

Down $2,570,472 (-92%) from 2014

Expenses

Up

$349,197

Up $333,874 (+2179%) from 2014

Net Income

Down

-$129,523

Down $2,904,346 (-105%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$15M$10M$5.0M$0Assets 2013: $6,396,625Liabilities 2013: $3,668,859Net Assets 2013: $2,727,7662013Assets 2014: $9,856,228Liabilities 2014: $4,353,639Net Assets 2014: $5,502,5892014Assets 2015: $10,439,679Liabilities 2015: $4,931,470Net Assets 2015: $5,508,2092015Assets 2016: $10,446,759Liabilities 2016: $4,450,108Net Assets 2016: $5,996,6512016Assets 2018: $9,930,825Liabilities 2018: $4,474,008Net Assets 2018: $5,456,8172018Assets 2019: $9,638,196Liabilities 2019: $4,510,332Net Assets 2019: $5,127,8642019Assets 2021: $9,133,456Liabilities 2021: $4,552,702Net Assets 2021: $4,580,7542021Assets 2022: $8,877,978Liabilities 2022: $4,590,353Net Assets 2022: $4,287,6252022Assets 2024: $8,371,016Liabilities 2024: $4,659,761Net Assets 2024: $3,711,2552024

Highlighted filing

2015

Assets$10,439,679
Liabilities$4,931,470
Net Assets$5,508,209
Open 2015 Filing

Operations Trend

Revenue Growth1st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $2,735,800Expenses 2013: $8,034Net Income 2013: $2,727,7662013Revenue 2014: $2,790,146Expenses 2014: $15,323Net Income 2014: $2,774,8232014Revenue 2015: $219,674Expenses 2015: $349,197Net Income 2015: -$129,5232015Revenue 2016: $1,089,410Expenses 2016: $600,968Net Income 2016: $488,4422016Revenue 2018: $400,376Expenses 2018: $662,715Net Income 2018: -$262,3392018Revenue 2019: $394,132Expenses 2019: $723,085Net Income 2019: -$328,9532019Revenue 2021: $403,755Expenses 2021: $681,259Net Income 2021: -$277,5042021Revenue 2022: $417,045Expenses 2022: $710,174Net Income 2022: -$293,1292022Revenue 2024: $432,139Expenses 2024: $759,596Net Income 2024: -$327,4572024

Highlighted filing

2015

Revenue$219,674
Expenses$349,197
Net Income-$129,523
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$219,674
Mission and Program Overview

Mission

To provide elderly and low-income persons with housing facilities and services specially designed to meet their physical, social, and psychological needs, and to promote their health, safety, security, happiness, and usefulness in longer living.

To provide elderly and low-income persons with housing facilities and services specially designed to meet their physical, social, and psychological needs, and to promote their health

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$10,295,238▲ $10,295,238
Cash and Non-Interest-Bearing Accounts$27,257$67,396▲ $40,139
Intangible Assets$56,168$54,957▼ $1,211
Accounts Receivable$0$788▲ $788
Savings and Temporary Cash Investments$0$0→ $0
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$9,856,228$10,439,679▲ $583,451
Other Assets Total$9,772,803$21,300▼ $9,751,503
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,151,042$3,886,349▲ $735,307
Other Liabilities$1,202,597$645,806▼ $556,791
Accounts Payable and Accrued Expenses$0$398,802▲ $398,802
Deferred Revenue$0$513▲ $513
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$4,353,639$4,931,470▲ $577,831
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,859,916$4,933,150▲ $73,234
Unrestricted Net Assets$642,673$575,059▼ $67,614
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$5,502,589$5,508,209▲ $5,620
Total Liabilities and Net Assets / Fund Balance$9,856,228$10,439,679▲ $583,451

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,939,854$157,775$10,097,629
Other Land Buildings$355,383$21,900$377,283
Land$1-$1
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Nancy Emerson LombardoPresident
Richard G BrownVice President
Cheryl DorseyBoard Member
Marilyn Flowers MarionBoard Member
Victoria WilliamsBoard Member
Marie E ColemanAssistant Clerk
Rudolph R Russell JrAssistant Treasurer
Thelma MooreTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Vertec CorporationConstruction180 Main St, North Easton, MA 02356$307,720
Revenue and Support

Revenue Composition

Contributions and Grants
$25,898
Program Service Revenue
$193,742
Investment Income
$34
Other Revenue
$0
Change in Net Assets
$-129,523

Audited Revenue Reconciliation

Revenue per Audited Statements
$219,674
Total Revenue per Audited Statements
$219,674
Total Revenue per Form 990
$219,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$309,650
Salaries, Compensation, and Employee Benefits$39,547
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$180,886--$180,886
Other Salaries and Wages$39,418--$39,418
Insurance$17,741--$17,741
Fees for Services Accounting-$14,260-$14,260
Fees for Services Management$13,047--$13,047
Other Expenses$9,335--$9,335
Office Expenses-$4,685-$4,685
Fees for Services Legal-$1,371$0$1,371
Other Employee Benefits$129--$129
Total Functional Expenses$328,881$20,316$0$349,197

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$349,197
Total Expenses per Audited Statements$349,197
Total Expenses per Form 990$349,197
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
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
Construction Payables$634,759
Tenant Security Deposits$11,047
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Part VI, Section A, Line 7A

“Rogerson Communities, as sole member, may remove and appoint directors.”

Part VI, Section A, Line 7B

“The presence at any Board meeting of a duly authorized representative of the sole member, Rogerson Communities, shall constitute a quorum, and the vote of the representative that is properly cast on any question shall decide such question.”

Part VI, Section A, Line 3

“419 Walnut Inc. has engaged Rogerson Communities to perform certain development consulting services, for a fee, with respect to a housing construction project on land and involving a building owned by 419 Walnut Inc.”

Part VI, Section C, Line 19

“The organizations governing documents are available upon request at the organization's office during regular business hours.”

Filing and Contact Details

Filer

Filer Name
419 Walnut Inc
EIN
27-1087138
In Care Of
% CHITRA SHARMA
Phone
6174695800
Address
1 FLORENCE STREET, BOSTON, MA 02131

Signing Officer

Name
Nancy Emerson Lombardo
Title
president
Phone
6174695800
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thelma Moore
Formed
2009
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Cohnreznick Llp
Address
500 EAST PRATT STREET 4TH FL, BALTIMORE, MD 21202-3100
Preparer
Philip H Cornblatt CPA
Phone
4107834900
Supplemental Narrative

Financial Statement Notes

Fin 48

“The Corporation has applied for and received a determination letter from the Internal Revenue Service ("IRS") 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 for the period May 16, 2015 (day after mortgagor's cost certification cutoff date) through December 31, 2015. 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 IRS 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 2012 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/MissionDesc0TO PROVIDE ELDERLY AND LOW-INCOME PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SAFETY, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OfficeExpensesGrp/TotalAmt04685
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09772803
IRS990/OtherAssetsTotalGrp/EOYAmt021300
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0129
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0129
IRS990/OtherExpensesGrp/Desc0MISC. TAXES AND PERMITS
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAX
IRS990/OtherExpensesGrp/ProgramServicesAmt0500
IRS990/OtherExpensesGrp/ProgramServicesAmt117925
IRS990/OtherExpensesGrp/ProgramServicesAmt249900
IRS990/OtherExpensesGrp/ProgramServicesAmt39335
IRS990/OtherExpensesGrp/TotalAmt0500
IRS990/OtherExpensesGrp/TotalAmt117925
IRS990/OtherExpensesGrp/TotalAmt249900
IRS990/OtherExpensesGrp/TotalAmt39335
IRS990/OtherLiabilitiesGrp/BOYAmt01202597
IRS990/OtherLiabilitiesGrp/EOYAmt0645806
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt039418
IRS990/OtherSalariesAndWagesGrp/TotalAmt039418
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/PrincipalOfficerNm0THELMA MOORE
IRS990/PriorPeriodAdjustmentsAmt0135143
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0623990
IRS990/ProgramServiceRevenueGrp/BusinessCd1623990
IRS990/ProgramServiceRevenueGrp/BusinessCd2623990
IRS990/ProgramServiceRevenueGrp/Desc0LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0743
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19343
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0743
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19343
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2183656
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt067
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt015323
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02774823
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt015323
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02790146
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-129523
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0193742
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt025898
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02790079
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02735769
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt047043
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05598789
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt067
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt031
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0132
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0193742
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0193742
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt067
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt031
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0132
IRS990ScheduleA/InvestmentIncomeCYPct00.00002
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99998
IRS990ScheduleA/PublicSupportPY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt05792531
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0219640
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02790079
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02735769
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt047043
IRS990ScheduleA/Total509Grp/TotalAmt05792531
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0219674
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02790146
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02735800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt047043
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05792663
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt09939854
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0157775
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010097629
IRS990ScheduleD/ExpensesSubtotalAmt0349197
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0355383
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021900
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0377283
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0634759
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111047
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONSTRUCTION PAYABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0219674
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation has applied for and received a determination letter from the Internal Revenue Service ("IRS") 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 for the period May 16, 2015 (day after mortgagor's cost certification cutoff date) through December 31, 2015. 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 IRS 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 2012 remain open.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FIN 48
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010295238
IRS990ScheduleD/TotalExpensesPerForm990Amt0349197
IRS990ScheduleD/TotalLiabilityAmt0645806
IRS990ScheduleD/TotalRevenuePerForm990Amt0219674

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,439,679
Liabilities
$4,931,470
Net assets
$5,508,209
Revenue
$219,674
Expenses
$349,197
Net income
-$129,523
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.37$4.66$3.71$0.43$0.76$0.33
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.88$4.59$4.29$0.42$0.71$0.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.13$4.55$4.58$0.40$0.68$0.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.64$4.51$5.13$0.39$0.72$0.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.93$4.47$5.46$0.40$0.66$0.26
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$4.45$6.00$1.09$0.60$0.49
2015Detailed filing. Detailed filing data is available for this year.$10.4$4.93$5.51$0.22$0.35$0.13
2014Detailed filing. Detailed filing data is available for this year.$9.86$4.35$5.50$2.79$0.02$2.77
2013Detailed filing. Detailed filing data is available for this year.$6.40$3.67$2.73$2.74$0.01$2.73