Civic Intelligence

1060 Belmont Inc.

990 • Fiscal year 2018 • EIN 27-1619580

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 08, 2019

Organization ProfileWWW.METROWESTCD.ORG
79-b Chapel StreetNewton, MA 02458

(617) 923-3505

Siviq Scores

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

Liabilities / Assets

89th percentile

0.84x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

8.34x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

72nd percentile

14%

Higher net margin than 72% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

63rd percentile

$88,275

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

30th percentile

-3.4%

Faster asset growth than 30% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

41st percentile

0.8%

Faster revenue growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$4,383,883

Down $152,656 (-3.4%) from 2017

Net Assets

Up

$715,789

Up $61,799 (+9.4%) from 2017

Liabilities

Down

$3,668,094

Down $214,455 (-5.5%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin72nd percentile

Revenue

Up

$439,889

Up $3,277 (+0.8%) from 2017

Expenses

Up

$378,090

Up $17,466 (+4.8%) from 2017

Net Income

Down

$61,799

Down $14,189 (-19%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $5,457,006Liabilities 2010: $5,644,849Net Assets 2010: -$187,8432010Assets 2011: $5,321,210Liabilities 2011: $5,135,282Net Assets 2011: $185,9282011Assets 2012: $5,317,586Liabilities 2012: $4,969,258Net Assets 2012: $348,3282012Assets 2013: $5,127,863Liabilities 2013: $4,703,751Net Assets 2013: $424,1122013Assets 2014: $4,994,176Liabilities 2014: $4,510,808Net Assets 2014: $483,3682014Assets 2015: $4,819,885Liabilities 2015: $4,299,069Net Assets 2015: $520,8162015Assets 2016: $4,636,597Liabilities 2016: $4,058,595Net Assets 2016: $578,0022016Assets 2017: $4,536,539Liabilities 2017: $3,882,549Net Assets 2017: $653,9902017Assets 2018: $4,383,883Liabilities 2018: $3,668,094Net Assets 2018: $715,7892018Assets 2019: $4,254,435Liabilities 2019: $3,476,860Net Assets 2019: $777,5752019Assets 2020: $4,151,340Liabilities 2020: $3,278,964Net Assets 2020: $872,3762020Assets 2021: $4,021,563Liabilities 2021: $3,106,945Net Assets 2021: $914,6182021Assets 2022: $3,849,866Liabilities 2022: $2,893,306Net Assets 2022: $956,5602022Assets 2023: $3,721,151Liabilities 2023: $2,666,763Net Assets 2023: $1,054,3882023Assets 2024: $3,797,813Liabilities 2024: $2,594,764Net Assets 2024: $1,203,0492024

Highlighted filing

2018

Assets$4,383,883
Liabilities$3,668,094
Net Assets$715,789
Open 2018 Filing

Operations Trend

Revenue Growth41st percentile

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

$800K$600K$400K$200K$0Expenses 2010: $142,4392010Expenses 2011: $333,8892011Expenses 2012: $344,4702012Revenue 2013: $439,407Expenses 2013: $363,623Net Income 2013: $75,7842013Revenue 2014: $431,730Expenses 2014: $372,474Net Income 2014: $59,2562014Revenue 2015: $420,769Expenses 2015: $383,321Net Income 2015: $37,4482015Revenue 2016: $418,884Expenses 2016: $361,698Net Income 2016: $57,1862016Revenue 2017: $436,612Expenses 2017: $360,624Net Income 2017: $75,9882017Revenue 2018: $439,889Expenses 2018: $378,090Net Income 2018: $61,7992018Revenue 2019: $441,838Expenses 2019: $380,052Net Income 2019: $61,7862019Revenue 2020: $454,616Expenses 2020: $359,815Net Income 2020: $94,8012020Revenue 2021: $466,883Expenses 2021: $424,641Net Income 2021: $42,2422021Revenue 2022: $459,413Expenses 2022: $417,471Net Income 2022: $41,9422022Revenue 2023: $579,338Expenses 2023: $481,510Net Income 2023: $97,8282023Revenue 2024: $604,244Expenses 2024: $455,583Net Income 2024: $148,6612024

Highlighted filing

2018

Revenue$439,889
Expenses$378,090
Net Income$61,799
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 8, 2019
Return Version
2018v3.1
Gross Receipts
$439,889
Mission and Program Overview

Mission

To provide families and persons of low-income with housing facilities and services specially designed to promote their health, physical and social well being.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,221,226$4,092,182▼ $129,044
Intangible Assets$26,112$22,779▼ $3,333
Cash and Non-Interest-Bearing Accounts$7,916$15,201▲ $7,285
Savings and Temporary Cash Investments$12,067$11,894▼ $173
Prepaid Expenses and Deferred Charges$3,005$3,677▲ $672
Accounts Receivable$7,997$2,484▼ $5,513
Total Assets$4,536,539$4,383,883▼ $152,656
Other Assets Total$258,216$235,666▼ $22,550
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,818,501$3,611,101▼ $207,400
Accounts Payable and Accrued Expenses$44,249$31,817▼ $12,432
Other Liabilities$19,776$25,176▲ $5,400
Deferred Revenue$23--
Total Liabilities$3,882,549$3,668,094▼ $214,455
Net Assets / Fund Balance
Unrestricted Net Assets$653,990$715,789▲ $61,799
Total Net Assets Fund Balance$653,990$715,789▲ $61,799
Total Liabilities and Net Assets / Fund Balance$4,536,539$4,383,883▼ $152,656

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,641,715$1,020,879$4,662,594
Land$420,000-$420,000
Equipment$30,467$95,350$125,817
Other Assets Org$235,666--
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleOtherTotal
Jennifer Van CampenExecutive Director$88,275$88,275

Board Members and Trustees

NameTitle
Suneeth JohnPresident
Alisa Gardner-todreasDirector
Bob FlackDirector
Danielle DemossDirector
Anna BonillaDirector Thru May 2018
Bart LloydDirector Thru May 2018
Mark JurillaDirector Thru May 2018
Michael ThormanDirector Thru May 2018
Rich HassingerDirector Thru May 2018
Susan DavidoffDirector Thru May 2018
Tammy MckennaDirector Thru May 2018
Kalyani DevajyotiClerk
Paul MoretonTreasurer
Don KondubTreasurer Thru May 2018
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$252,291
Investment Income
$341
Other Revenue
$187,257
Change in Net Assets
$61,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$378,090
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$156,370--$156,370
Depreciation Depletion$132,377--$132,377
Fees for Services Management-$18,873-$18,873
Fees for Services Accounting-$7,796-$7,796
Other Expenses$4,037--$4,037
Office Expenses-$3,776-$3,776
Fees for Services Legal-$3,270-$3,270
Interest$2,585--$2,585
All Other Expenses$55--$55
Total Functional Expenses$344,375$33,715$0$378,090
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Due to Related Party$25,176
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization delegated control over management duties customarily performed by or under the direct supervision of officers, directors, or trustees, or key employees, to an unrelated property management company.”

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

“The form 990 is reviewed by the board of directors. Once approved, the form 990 is submitted.”

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

“The board of directors monitors compliance with the conflict of interest policy through discussions held during board meetings. All board of directors are required to sign an annual statement of conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“Form 990, part vi, section b, line 15a: 1060 belmont, inc. Does not have any employees. Salaries and wages shown on the statement of functional expenses belong to the employees of the company that manages the property for 1060 belmont, inc.”

Form 990, Part VI, Section C, Line 18

“The organization makes form 990 available for public inspection upon request.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
1060 Belmont Inc
EIN
27-1619580
Phone
6179233505
Address
79-B CHAPEL STREET, NEWTON, MA 02458

Signing Officer

Name
Jennifer Van Campen
Title
Executive Director
Phone
6179233505
Signed
2019-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Van Campen
Formed
2009
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Matthew Mcginnis CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The board of directors assumes responsibility of the audit of its financial statements and approval of the independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The organization accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the consolidating financial statements regarding a tax position taken or expected to be taken in a tax return. The organization has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidating financial statements at december 31, 2018.”

Raw XML AppendixShowing 400 of 530 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/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR THRU MAY 2018
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt026112
IRS990/IntangibleAssetsGrp/EOYAmt022779
IRS990/InterestGrp/ProgramServicesAmt02585
IRS990/InterestGrp/TotalAmt02585
IRS990/InvestmentIncomeGrp/ExclusionAmt0341
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0341
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01116229
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04221226
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04092182
IRS990/LandBldgEquipCostOrOtherBssAmt05208411
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FAMILIES AND PERSONS OF LOW-INCOME WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO PROMOTE THEIR HEALTH, PHYSICAL AND SOCIAL WELL BEING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03818501
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03611101
IRS990/NetAssetsOrFundBalancesBOYAmt0653990
IRS990/NetAssetsOrFundBalancesEOYAmt0715789
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0156370
IRS990/OccupancyGrp/TotalAmt0156370
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03776
IRS990/OfficeExpensesGrp/TotalAmt03776
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0258216
IRS990/OtherAssetsTotalGrp/EOYAmt0235666
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt037971
IRS990/OtherExpensesGrp/ProgramServicesAmt16272
IRS990/OtherExpensesGrp/ProgramServicesAmt24708
IRS990/OtherExpensesGrp/ProgramServicesAmt34037
IRS990/OtherExpensesGrp/TotalAmt037971
IRS990/OtherExpensesGrp/TotalAmt16272
IRS990/OtherExpensesGrp/TotalAmt24708
IRS990/OtherExpensesGrp/TotalAmt34037
IRS990/OtherLiabilitiesGrp/BOYAmt019776
IRS990/OtherLiabilitiesGrp/EOYAmt025176
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0DEBT FORGIVENESS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0187257
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0187257
IRS990/OtherRevenueTotalAmt0187257
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03005
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03677
IRS990/PrincipalOfficerNm0JENNIFER VAN CAMPEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MISC. INCOME AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0249471
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12815
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0249471
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12815
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0373
IRS990/PYOtherExpensesAmt0315304
IRS990/PYOtherRevenueAmt0187257
IRS990/PYProgramServiceRevenueAmt0248982
IRS990/PYRevenuesLessExpensesAmt075988
IRS990/PYSalariesCompEmpBnftPaidAmt045320
IRS990/PYTotalExpensesAmt0360624
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0436612
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt061799
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0439548
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012067
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011894
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DEBT FORGIVENESS - 2014 AMOUNT: $ 187,257. 2015 AMOUNT: $ 187,257. 2016 AMOUNT: $ 187,257. 2017 AMOUNT: $ 187,257. 2018 AMOUNT: $ 187,257.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0341
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0373
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0352
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0333
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0344
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01743
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0252291
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0248982
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0231275
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0233179
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0244129
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01209856
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0341
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0373
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0352
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0333
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0344
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01743
IRS990ScheduleA/InvestmentIncomeCYPct00.00080
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0187257
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0187257
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0187257
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0187257
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0187257
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0936285
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.56330
IRS990ScheduleA/PublicSupportPY509Pct00.56320
IRS990ScheduleA/PublicSupportTotal509Amt01209856
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0252291
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0248982
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0231275
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0233179
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0244129
IRS990ScheduleA/Total509Grp/TotalAmt01209856
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0439889
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0436612
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0418884
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0420769
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0431730
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02147884
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03641715
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01020879
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04662594
IRS990ScheduleD/EquipmentGrp/BookValueAmt030467
IRS990ScheduleD/EquipmentGrp/DepreciationAmt095350
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0125817
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0420000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0420000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0235666
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025176
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04092182
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0235666
IRS990ScheduleD/TotalLiabilityAmt025176
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS, OR TRUSTEES, OR KEY EMPLOYEES, TO AN UNRELATED PROPERTY MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS. ONCE APPROVED, THE FORM 990 IS SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH DISCUSSIONS HELD DURING BOARD MEETINGS. ALL BOARD OF DIRECTORS ARE REQUIRED TO SIGN AN ANNUAL STATEMENT OF CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART VI, SECTION B, LINE 15A: 1060 BELMONT, INC. DOES NOT HAVE ANY EMPLOYEES. SALARIES AND WAGES SHOWN ON THE STATEMENT OF FUNCTIONAL EXPENSES BELONG TO THE EMPLOYEES OF THE COMPANY THAT MANAGES THE PROPERTY FOR 1060 BELMONT, INC.

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Filings

Displayed year

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

Open filing
Assets
$4,383,883
Liabilities
$3,668,094
Net assets
$715,789
Revenue
$439,889
Expenses
$378,090
Net income
$61,799
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.80$2.59$1.20$0.60$0.46$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.72$2.67$1.05$0.58$0.48$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$2.89$0.96$0.46$0.42$0.04
2021Detailed filing. Detailed filing data is available for this year.$4.02$3.11$0.91$0.47$0.42$0.04
2020Detailed filing. Detailed filing data is available for this year.$4.15$3.28$0.87$0.45$0.36$0.09
2019Detailed filing. Detailed filing data is available for this year.$4.25$3.48$0.78$0.44$0.38$0.06
2018Detailed filing. Detailed filing data is available for this year.$4.38$3.67$0.72$0.44$0.38$0.06
2017Detailed filing. Detailed filing data is available for this year.$4.54$3.88$0.65$0.44$0.36$0.08
2016Detailed filing. Detailed filing data is available for this year.$4.64$4.06$0.58$0.42$0.36$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.82$4.30$0.52$0.42$0.38$0.04
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.99$4.51$0.48$0.43$0.37$0.06
2013Detailed filing. Detailed filing data is available for this year.$5.13$4.70$0.42$0.44$0.36$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.32$4.97$0.35$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.32$5.14$0.19$0.33
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.46$5.64$0.19$0.14