Civic Intelligence

Markham Gardens Manor Housing Development Fund Company Inc.

990 • Fiscal year 2018 • EIN 27-3330572

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 02, 2019

Organization ProfileN/A
150 Brielle AveStaten Island, NY 10314-6424

(718) 477-6803

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.32x

Higher debt load relative to assets than 32% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

6.10x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Net Margin

9th percentile

-46%

Higher net margin than 9% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

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

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Asset Growth

36th percentile

-1.9%

Faster asset growth than 36% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

74th percentile

10%

Faster revenue growth than 74% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$15,826,507

Down $312,020 (-1.9%) from 2017

Net Assets

Down

$10,712,538

Down $382,896 (-3.5%) from 2017

Liabilities

Up

$5,113,969

Up $70,876 (+1.4%) from 2017

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin9th percentile

Revenue

Up

$838,316

Up $78,720 (+10%) from 2017

Expenses

Up

$1,221,212

Up $108,952 (+9.8%) from 2017

Net Income

Down

-$382,896

Down $30,232 (-8.6%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$20M$15M$10M$5.0M$0Assets 2013: $18,432,436Liabilities 2013: $5,987,588Net Assets 2013: $12,444,8482013Assets 2014: $17,187,269Liabilities 2014: $5,037,144Net Assets 2014: $12,150,1252014Assets 2015: $16,827,356Liabilities 2015: $5,047,710Net Assets 2015: $11,779,6462015Assets 2016: $16,489,918Liabilities 2016: $5,041,820Net Assets 2016: $11,448,0982016Assets 2017: $16,138,527Liabilities 2017: $5,043,093Net Assets 2017: $11,095,4342017Assets 2018: $15,826,507Liabilities 2018: $5,113,969Net Assets 2018: $10,712,5382018Assets 2019: $15,453,028Liabilities 2019: $5,075,847Net Assets 2019: $10,377,1812019Assets 2021: $14,786,261Liabilities 2021: $5,063,207Net Assets 2021: $9,723,0542021Assets 2022: $14,460,548Liabilities 2022: $5,070,929Net Assets 2022: $9,389,6192022

Highlighted filing

2018

Assets$15,826,507
Liabilities$5,113,969
Net Assets$10,712,538
Open 2018 Filing

Operations Trend

Revenue Growth74th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2013: $1,777,910Expenses 2013: $560,709Net Income 2013: $1,217,2012013Revenue 2014: $736,795Expenses 2014: $1,031,518Net Income 2014: -$294,7232014Revenue 2015: $683,397Expenses 2015: $1,053,876Net Income 2015: -$370,4792015Revenue 2016: $732,371Expenses 2016: $1,063,919Net Income 2016: -$331,5482016Revenue 2017: $759,596Expenses 2017: $1,112,260Net Income 2017: -$352,6642017Revenue 2018: $838,316Expenses 2018: $1,221,212Net Income 2018: -$382,8962018Revenue 2019: $957,933Expenses 2019: $1,293,290Net Income 2019: -$335,3572019Revenue 2021: $994,421Expenses 2021: $1,364,532Net Income 2021: -$370,1112021Revenue 2022: $1,082,039Expenses 2022: $1,415,474Net Income 2022: -$333,4352022

Highlighted filing

2018

Revenue$838,316
Expenses$1,221,212
Net Income-$382,896
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 2, 2019
Return Version
2018v3.1
Gross Receipts
$838,316
Mission and Program Overview

Mission

To provide housing and related services to the poor elderly on a nonprofit basis.

Own and operate a hud-financed multifamily project for the elderly on a nonprofit basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,535,006$15,102,456▼ $432,550
Cash and Non-Interest-Bearing Accounts$87,742$108,731▲ $20,989
Prepaid Expenses and Deferred Charges$84,722$55,833▼ $28,889
Accounts Receivable$11,357$6,848▼ $4,509
Total Assets$16,138,527$15,826,507▼ $312,020
Other Assets Total$419,700$552,639▲ $132,939
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,919,031$4,919,031→ $0
Accounts Payable and Accrued Expenses$96,858$167,837▲ $70,979
Other Liabilities$24,301$24,104▼ $197
Deferred Revenue$2,903$2,997▲ $94
Total Liabilities$5,043,093$5,113,969▲ $70,876
Net Assets / Fund Balance
Unrestricted Net Assets$11,095,434$10,712,538▼ $382,896
Total Net Assets Fund Balance$11,095,434$10,712,538▼ $382,896
Total Liabilities and Net Assets / Fund Balance$16,138,527$15,826,507▼ $312,020

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,056,057$2,401,933$17,457,990
Other Land Buildings$46,398$56,439$102,837
Land$1-$1
Compensation and Service Providers
Top Officer Pay25th percentile

Board Members and Trustees

NameTitle
Brian F Doran EsqChairperson
Dianne PowersDirector
Dr Pankaj PatelDirector
Joan CatalanoDirector
Katherine ConnorsDirector
Rev Melodee BottariDirector
Sr Dominica Rocchio ScDirector
Sr Eileen Walsh Sc RnDirector
Sr Shiela Brosnan ScDirector
Sr Donna Dodge ScChief Executive Officer
Susan LambertiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$829,603
Investment Income
$6,413
Other Revenue
$2,300
Change in Net Assets
$-382,896

Audited Revenue Reconciliation

Revenue per Audited Statements
$838,316
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$838,316
Total Revenue per Form 990
$838,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,101,523
Salaries, Compensation, and Employee Benefits$119,689
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$448,359--$448,359
Occupancy$164,264--$164,264
Other Salaries and Wages$92,189$23,498-$115,687
Fees for Services Management-$73,514-$73,514
Insurance$28,543--$28,543
Fees for Services Accounting-$18,450-$18,450
Other Expenses$66,104$18,209-$18,209
All Other Expenses$17,048$263-$17,311
Office Expenses-$8,293-$8,293
Payroll Taxes$3,459--$3,459
Fees for Services Legal-$3,375-$3,375
Other Employee Benefits$543--$543
Total Functional Expenses$1,075,610$145,602$0$1,221,212

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,221,212
Total Expenses per Audited Statements$1,221,212
Total Expenses per Form 990$1,221,212
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits Payable$23,635
Due to Developer$469
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
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The project entered into a contract with an independent management company which handles the operation of the building, all building related services, all tenant needs and services, as well as all legal, financial and other matters. All salaries are paid through this independent management company which files all related payroll tax returns.”

Form 990, Part VI, Section A, Line 6

“The organization has a sole corporate member, which is also a tax exempt entity.”

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

“The sole corporate member has the ability to elect the board of directors.”

Form 990, Part VI, Section A, Line 7B

“The sole corporate member has the right to review decisions covering significant events or decisions made by the board, should there be the need.”

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

“The organization distributes a draft copy of the irs form 990 to its board members to review; who are then provided an opportunity to make comments or inquiries. Appropriate responses are given to their satisfaction. The board approves the filing of the form at a meeting held prior to its due date.”

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

“Annual updates requested in writing from board members and key people.”

Form 990, Part VI, Section B, Line 15

“No board members or officers receive any compensation.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are made available upon request on an as needed basis as determined by the board of directors.”

FORM 990, PART VII, SECTION A, COLUMN B:

“The board of directors perform goverance and other services throughout the year for the housing entities listed in schedule r, part ii, for no compensation. The hours listed on page 7, part vii, section a, column b, are estimates of the average weekly combined hours worked on all of these entities.”

Filing and Contact Details

Filer

Filer Name
Markham Gardens Manor Housing
EIN
27-3330572
Phone
7184776803
Address
150 BRIELLE AVE, STATEN ISLAND, NY 10314-6424

Signing Officer

Name
Sr Donna Dodge
Title
Chief Executive Officer
Phone
7184776803
Signed
2019-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sr Donna Dodge
Formed
2011
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
D'ARCANGELO & CO LLP
Address
800 WESTCHESTER AVE SUITE N-400, RYE BROOK, NY 10573-1301
Preparer
Vincent P Pancaldo
Phone
9146944600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has annual board meetings to review and approve the audited financial statements. The board also approves the selection of an independent accountant.”

Raw XML AppendixShowing 400 of 589 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/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BOOKKEEPING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018209
IRS990/OtherExpensesGrp/ProgramServicesAmt0156249
IRS990/OtherExpensesGrp/ProgramServicesAmt198852
IRS990/OtherExpensesGrp/ProgramServicesAmt266104
IRS990/OtherExpensesGrp/TotalAmt0156249
IRS990/OtherExpensesGrp/TotalAmt198852
IRS990/OtherExpensesGrp/TotalAmt266104
IRS990/OtherExpensesGrp/TotalAmt318209
IRS990/OtherLiabilitiesGrp/BOYAmt024301
IRS990/OtherLiabilitiesGrp/EOYAmt024104
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY
IRS990/OtherRevenueMiscGrp/Desc1FORFEITED TENANT SECUR
IRS990/OtherRevenueMiscGrp/Desc2MISC INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01920
IRS990/OtherRevenueMiscGrp/ExclusionAmt1305
IRS990/OtherRevenueMiscGrp/ExclusionAmt275
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01920
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1305
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt275
IRS990/OtherRevenueTotalAmt02300
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023498
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt092189
IRS990/OtherSalariesAndWagesGrp/TotalAmt0115687
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03459
IRS990/PayrollTaxesGrp/TotalAmt03459
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt084722
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt055833
IRS990/PrincipalOfficerNm0SR DONNA DODGE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENT PAYMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0585117
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1244486
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0585117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1244486
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02466
IRS990/PYOtherExpensesAmt0996100
IRS990/PYOtherRevenueAmt02424
IRS990/PYProgramServiceRevenueAmt0754706
IRS990/PYRevenuesLessExpensesAmt0-352664
IRS990/PYSalariesCompEmpBnftPaidAmt0116160
IRS990/PYTotalExpensesAmt01112260
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0759596
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-382896
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0829603
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt025000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt025000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06413
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02466
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01350
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01753
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01127
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt013109
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0829603
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0754706
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0728552
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0678461
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0676762
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03668084
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06413
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02466
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01350
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01753
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01127
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt013109
IRS990ScheduleA/InvestmentIncomeCYPct00.00350
IRS990ScheduleA/InvestmentIncomePYPct00.00150
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02424
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02469
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03183
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt033906
IRS990ScheduleA/OtherIncome509Grp/TotalAmt044282
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98470
IRS990ScheduleA/PublicSupportPY509Pct00.98940
IRS990ScheduleA/PublicSupportTotal509Amt03693084
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0829603
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0754706
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0728552
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0678461
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0701762
IRS990ScheduleA/Total509Grp/TotalAmt03693084
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0838316
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0759596
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0732371
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0683397
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0736795
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03750475
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt015056057
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02401933
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017457990
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01221212
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt046398
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt056439
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0102837
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0469
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123635
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO DEVELOPER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0838316
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015102456
IRS990ScheduleD/TotalExpensesPerForm990Amt01221212
IRS990ScheduleD/TotalLiabilityAmt024104
IRS990ScheduleD/TotalRevenuePerForm990Amt0838316
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0838316
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01221212
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT ENTERED INTO A CONTRACT WITH AN INDEPENDENT MANAGEMENT COMPANY WHICH HANDLES THE OPERATION OF THE BUILDING, ALL BUILDING RELATED SERVICES, ALL TENANT NEEDS AND SERVICES, AS WELL AS ALL LEGAL, FINANCIAL AND OTHER MATTERS. ALL SALARIES ARE PAID THROUGH THIS INDEPENDENT MANAGEMENT COMPANY WHICH FILES ALL RELATED PAYROLL TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A SOLE CORPORATE MEMBER, WHICH IS ALSO A TAX EXEMPT ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE CORPORATE MEMBER HAS THE ABILITY TO ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SOLE CORPORATE MEMBER HAS THE RIGHT TO REVIEW DECISIONS COVERING SIGNIFICANT EVENTS OR DECISIONS MADE BY THE BOARD, SHOULD THERE BE THE NEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DISTRIBUTES A DRAFT COPY OF THE IRS FORM 990 TO ITS BOARD MEMBERS TO REVIEW; WHO ARE THEN PROVIDED AN OPPORTUNITY TO MAKE COMMENTS OR INQUIRIES. APPROPRIATE RESPONSES ARE GIVEN TO THEIR SATISFACTION. THE BOARD APPROVES THE FILING OF THE FORM AT A MEETING HELD PRIOR TO ITS DUE DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUAL UPDATES REQUESTED IN WRITING FROM BOARD MEMBERS AND KEY PEOPLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO BOARD MEMBERS OR OFFICERS RECEIVE ANY COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST ON AN AS NEEDED BASIS AS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD OF DIRECTORS PERFORM GOVERANCE AND OTHER SERVICES THROUGHOUT THE YEAR FOR THE HOUSING ENTITIES LISTED IN SCHEDULE R, PART II, FOR NO COMPENSATION. THE HOURS LISTED ON PAGE 7, PART VII, SECTION A, COLUMN B, ARE ESTIMATES OF THE AVERAGE WEEKLY COMBINED HOURS WORKED ON ALL OF THESE ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE ORGANIZATION HAS ANNUAL BOARD MEETINGS TO REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS. THE BOARD ALSO APPROVES THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VII, SECTION A, COLUMN B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$15,826,507
Liabilities
$5,113,969
Net assets
$10,712,538
Revenue
$838,316
Expenses
$1,221,212
Net income
-$382,896
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.5$5.07$9.39$1.08$1.42$0.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.8$5.06$9.72$0.99$1.36$0.37
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$5.08$10.4$0.96$1.29$0.34
2018Detailed filing. Detailed filing data is available for this year.$15.8$5.11$10.7$0.84$1.22$0.38
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$5.04$11.1$0.76$1.11$0.35
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$5.04$11.4$0.73$1.06$0.33
2015Detailed filing. Detailed filing data is available for this year.$16.8$5.05$11.8$0.68$1.05$0.37
2014Detailed filing. Detailed filing data is available for this year.$17.2$5.04$12.2$0.74$1.03$0.29
2013Detailed filing. Detailed filing data is available for this year.$18.4$5.99$12.4$1.78$0.56$1.22
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