Civic Intelligence

Glenn-Verde Housing Inc.

990 • Fiscal year 2018 • EIN 27-2145525

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 21, 2019

Organization ProfileN/A
504 W 29th StreetTucson, AZ 85713

(520) 884-9920

Siviq Scores

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

Liabilities / Assets

94th percentile

1.20x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

99th percentile

18.63x

Higher debt load relative to revenue than 99% of similar nonprofits.

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

Net Margin

12th percentile

-23%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

96th percentile

$376,506

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 231.8% of source-year revenue.

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

Asset Growth

36th percentile

-2.1%

Faster asset growth than 36% of similar nonprofits.

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

Revenue Growth

11th percentile

-27%

Faster revenue growth than 11% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$2,523,607

Down $54,872 (-2.1%) from 2017

Net Assets

Down

-$502,869

Down $36,635 (-7.9%) from 2017

Liabilities

Down

$3,026,476

Down $18,237 (-0.6%) from 2017

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin12th percentile

Revenue

Down

$162,446

Down $58,930 (-27%) from 2017

Expenses

Down

$199,081

Down $814 (-0.4%) from 2017

Net Income

Down

-$36,635

Down $58,116 (-271%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth36th 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: $2,893,126Liabilities 2013: $3,110,927Net Assets 2013: -$217,8012013Assets 2014: $2,805,356Liabilities 2014: $3,118,725Net Assets 2014: -$313,3692014Assets 2015: $2,714,081Liabilities 2015: $3,136,340Net Assets 2015: -$422,2592015Assets 2016: $2,632,912Liabilities 2016: $3,120,627Net Assets 2016: -$487,7152016Assets 2017: $2,578,479Liabilities 2017: $3,044,713Net Assets 2017: -$466,2342017Assets 2018: $2,523,607Liabilities 2018: $3,026,476Net Assets 2018: -$502,8692018Assets 2019: $2,469,218Liabilities 2019: $3,028,305Net Assets 2019: -$559,0872019Assets 2020: $2,412,683Liabilities 2020: $3,030,226Net Assets 2020: -$617,5432020Assets 2021: $2,366,441Liabilities 2021: $3,028,305Net Assets 2021: -$661,8642021Assets 2022: $2,352,399Liabilities 2022: $3,040,736Net Assets 2022: -$688,3372022Assets 2023: $2,331,060Liabilities 2023: $3,048,320Net Assets 2023: -$717,2602023Assets 2024: $2,233,597Liabilities 2024: $3,029,923Net Assets 2024: -$796,3262024

Highlighted filing

2018

Assets$2,523,607
Liabilities$3,026,476
Net Assets-$502,869
Open 2018 Filing

Operations Trend

Revenue Growth11th percentile

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

$300K$200K$100K$0-$100K-$200KExpenses 2013: $269,5662013Revenue 2014: $191,104Expenses 2014: $286,672Net Income 2014: -$95,5682014Revenue 2015: $161,945Expenses 2015: $270,835Net Income 2015: -$108,8902015Revenue 2016: $181,347Expenses 2016: $246,803Net Income 2016: -$65,4562016Revenue 2017: $221,376Expenses 2017: $199,895Net Income 2017: $21,4812017Revenue 2018: $162,446Expenses 2018: $199,081Net Income 2018: -$36,6352018Revenue 2019: $162,071Expenses 2019: $218,289Net Income 2019: -$56,2182019Revenue 2020: $158,988Expenses 2020: $217,444Net Income 2020: -$58,4562020Revenue 2021: $168,332Expenses 2021: $212,653Net Income 2021: -$44,3212021Revenue 2022: $179,760Expenses 2022: $206,233Net Income 2022: -$26,4732022Revenue 2023: $186,296Expenses 2023: $215,219Net Income 2023: -$28,9232023Revenue 2024: $190,266Expenses 2024: $269,332Net Income 2024: -$79,0662024

Highlighted filing

2018

Revenue$162,446
Expenses$199,081
Net Income-$36,635
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 21, 2019
Return Version
2017v2.3
Gross Receipts
$162,446
Mission and Program Overview

Mission

The mission of the Corporation is to promote social welfare by fostering of low-income housing.

To construct and operate a 24-unit multi-family housing project for low-income persons in Tucson, Arizona under the requirements of the Housing and Economic and Recovery Act (HERA) of 2008 administered by the Arizona Department of Housing("ADOH")

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,462,849$2,375,389▼ $87,460
Cash and Non-Interest-Bearing Accounts$31,570$55,696▲ $24,126
Prepaid Expenses and Deferred Charges$5,602$5,151▼ $451
Accounts Receivable$949$547▼ $402
Total Assets$2,578,479$2,523,607▼ $54,872
Other Assets Total$77,509$86,824▲ $9,315
Liabilities
Other Liabilities$3,032,489$3,012,374▼ $20,115
Accounts Payable and Accrued Expenses$12,031$13,762▲ $1,731
Deferred Revenue$193$340▲ $147
Total Liabilities$3,044,713$3,026,476▼ $18,237
Net Assets / Fund Balance
Unrestricted Net Assets$-466,234$-502,869▼ $36,635
Total Net Assets Fund Balance$-466,234$-502,869▼ $36,635
Total Liabilities and Net Assets / Fund Balance$2,578,479$2,523,607▼ $54,872

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,965,389$627,855$2,593,244
Land$410,000-$410,000
Compensation and Service Providers
Top Officer Pay96th percentile

Board Members and Trustees

NameTitle
Pam CrimChair
Dr Celestino FernandezImmediate Past President
Daniel RanieriPresident/CEO
Suzan CostichVice Chair
Michael PrudenceCFO
Alfonso DancilMember-at-Large
Alfred GarciaMember-at-Large
Autumn RentmeesterMember-at-Large
Dr David LunaMember-at-Large
Dr Eugenia FavelaMember-at-Large
Dr James AbbottMember-at-Large
George LarsenMember-at-Large
Lt Col Michael RiordanMember-at-Large
Mary MantilaMember-at-Large
Paul Syer MALMember-at-Large
Stephanie HealyMember-at-Large
Patrick O'HaginSecretary
Gerry BealTreasurer
Kathy WellsVice Pres/COO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$159,659
Investment Income
$59
Other Revenue
$2,728
Change in Net Assets
$-36,635

Audited Revenue Reconciliation

Revenue per Audited Statements
$162,446
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$162,446
Total Revenue per Form 990
$162,446
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$199,081
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$87,460--$87,460
Occupancy$45,822--$45,822
Fees for Services Management$3,840$33,555-$37,395
Insurance$12,077--$12,077
Fees for Services Accounting-$10,650-$10,650
Office Expenses$779$1,121-$1,900
Other Expenses$2,533$760-$760
Fees for Services Other$314--$314
Fees for Services Legal-$110-$110
Travel-$35-$35
Advertising$25--$25
Total Functional Expenses$152,850$46,231$0$199,081

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$199,081
Total Expenses per Audited Statements$199,081
Total Expenses per Form 990$199,081
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
Note Payable-Arizona Dept. of Housing$3,000,000
Tenants deposits held in trust (contra)$12,374
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“La Frontera Partners, Inc, the sole member of the corporation, shall act by executing and delivering to the Board Chair a written instrument that sets forth the action taken and the applicable corporate authorizations and directions from the Board of Directors from La Frontera Partners, Inc. Such actions include electing the directors of the corporation, removing a director of the corporation, approving the appointment of the president and CEO, approving all amendments to the corporation's Articles of Incorporation and By-laws, approving the acquisitions or creation of all corporations, and approving the capital and operating budgets of the corporation.”

Form 990, Part VI, Section A, line 7A

“See prior statement.”

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

“The Form 990 is reported to the Finance Committee who reviews the return on behalf of the board.”

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

“The organization regularly monitors compliance with the conflict of interest policies. Members are required to disclose any potential conflicts.”

Form 990, Part VI, Section B, line 15

“The Organization engages with independent third parties to determine appropriate compensation arrangements.”

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
Glenn-Verde Housing Inc
EIN
27-2145525
Phone
5208849920
Address
504 W 29th Street, Tucson, AZ 85713

Signing Officer

Name
Michael Prudence
Title
CFO
Phone
5208385532
Signed
2019-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Prudence
Formed
2010
Legal Domicile
Az
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
16

Preparer

Firm
Keegan Linscott & Kenon PC
Address
3443 N Campbell Avenue Suite 115, Tucson, AZ 85719
Preparer
Carla J Keegan
Phone
5208840176
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The Organization is a Section 501(c)(3) organization exempt from federal income taxes under Section 501(a) of the Internal Revenue Code. Accordingly, no provision for federal or state income taxes is recorded in the accompanying financial statements. Management is not aware of any matters which would cause the Organization to lose its tax-exempt status. However, income from certain activities not directly related to the Organization's tax-exempt purpose, may be subject to taxation as unrelated business income. Management has considered its tax positions and believes that all of the positions taken in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. The Organization's returns are subject to examination by federal and state taxing authorities, generally for three years and four years, respectively, after they are filed. The Organization recognizes interest and penalties related to unrecognized tax benefits in general and operating expenses and accounts payable in the accompanying financial statements. During the years ended June 30, 2018 and 2017, the Organization did not recognize any interest and penalties.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt10Member-at-Large
IRS990/Form990PartVIISectionAGrp/TitleTxt11Member-at-Large
IRS990/Form990PartVIISectionAGrp/TitleTxt12Member-at-Large
IRS990/Form990PartVIISectionAGrp/TitleTxt13Member-at-Large
IRS990/Form990PartVIISectionAGrp/TitleTxt14Member-at-Large
IRS990/Form990PartVIISectionAGrp/TitleTxt15Member-at-Large
IRS990/Form990PartVIISectionAGrp/TitleTxt16President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt17CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt18Vice Pres/COO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0162446
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt012077
IRS990/InsuranceGrp/TotalAmt012077
IRS990/InvestmentIncomeGrp/ExclusionAmt059
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt059
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt02462849
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02375389
IRS990/LandBldgEquipCostOrOtherBssAmt03003244
IRS990/LegalDomicileStateCd0AZ
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The mission of the Corporation is to promote social welfare by fostering of low-income housing.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-466234
IRS990/NetAssetsOrFundBalancesEOYAmt0-502869
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt045822
IRS990/OccupancyGrp/TotalAmt045822
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01121
IRS990/OfficeExpensesGrp/ProgramServicesAmt0779
IRS990/OfficeExpensesGrp/TotalAmt01900
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt077509
IRS990/OtherAssetsTotalGrp/EOYAmt086824
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Equipment
IRS990/OtherExpensesGrp/Desc1Bad Debt
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0760
IRS990/OtherExpensesGrp/ProgramServicesAmt02533
IRS990/OtherExpensesGrp/TotalAmt02533
IRS990/OtherExpensesGrp/TotalAmt1760
IRS990/OtherLiabilitiesGrp/BOYAmt03032489
IRS990/OtherLiabilitiesGrp/EOYAmt03012374
IRS990/OtherRevenueMiscGrp/BusinessCd0623990
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02728
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02728
IRS990/OtherRevenueTotalAmt02728
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05602
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05151
IRS990/PrincipalOfficerNm0Michael Prudence
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623990
IRS990/ProgramServiceRevenueGrp/BusinessCd1623990
IRS990/ProgramServiceRevenueGrp/Desc0Rental Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Vacancy Expense
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0161720
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1-2061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0161720
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-2061
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt045
IRS990/PYOtherExpensesAmt0199895
IRS990/PYOtherRevenueAmt061432
IRS990/PYProgramServiceRevenueAmt0159899
IRS990/PYRevenuesLessExpensesAmt021481
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0199895
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0221376
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-36635
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0162387
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt059
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt030
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt018
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0152
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0162387
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0163304
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0155866
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0161915
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0191086
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0834558
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt059
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0152
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt0834558
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0162387
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0163304
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0155866
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0161915
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0191086
IRS990ScheduleA/Total509Grp/TotalAmt0834558
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0162446
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0163349
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0155866
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0161945
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0191104
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0834710
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01965389
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0627855
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02593244
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0199081
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0410000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0410000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012374
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenants deposits held in trust (contra)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Note Payable-Arizona Dept. of Housing
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0162446
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is a Section 501(c)(3) organization exempt from federal income taxes under Section 501(a) of the Internal Revenue Code. Accordingly, no provision for federal or state income taxes is recorded in the accompanying financial statements. Management is not aware of any matters which would cause the Organization to lose its tax-exempt status. However, income from certain activities not directly related to the Organization's tax-exempt purpose, may be subject to taxation as unrelated business income. Management has considered its tax positions and believes that all of the positions taken in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. The Organization's returns are subject to examination by federal and state taxing authorities, generally for three years and four years, respectively, after they are filed. The Organization recognizes interest and penalties related to unrecognized tax benefits in general and operating expenses and accounts payable in the accompanying financial statements. During the years ended June 30, 2018 and 2017, the Organization did not recognize any interest and penalties.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02375389
IRS990ScheduleD/TotalExpensesPerForm990Amt0199081
IRS990ScheduleD/TotalLiabilityAmt03012374
IRS990ScheduleD/TotalRevenuePerForm990Amt0162446
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0162446
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0199081
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,523,607
Liabilities
$3,026,476
Net assets
-$502,869
Revenue
$162,446
Expenses
$199,081
Net income
-$36,635
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.23$3.03$0.80$0.19$0.27$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.33$3.05$0.72$0.19$0.22$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.35$3.04$0.69$0.18$0.21$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.37$3.03$0.66$0.17$0.21$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.41$3.03$0.62$0.16$0.22$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.47$3.03$0.56$0.16$0.22$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.52$3.03$0.50$0.16$0.20$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.58$3.04$0.47$0.22$0.20$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.63$3.12$0.49$0.18$0.25$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.71$3.14$0.42$0.16$0.27$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.81$3.12$0.31$0.19$0.29$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$3.11$0.22$0.27