Civic Intelligence

Belmont Commons Inc.

990 • Fiscal year 2019 • EIN 27-3459190

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 29, 2020

500 Prospect StreetPawtucket, RI 02860

(401) 727-0150

Siviq Scores

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

Liabilities / Assets

91st percentile

0.92x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

14.36x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

9th percentile

-34%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

87th percentile

$174,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 132.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

31st percentile

-2.0%

Faster asset growth than 31% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

0.3%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,061,949

Down $41,181 (-2.0%) from 2018

Net Assets

Down

$171,956

Down $44,120 (-20%) from 2018

Liabilities

Up

$1,889,993

Up $2,939 (+0.2%) from 2018

Revenue

Up

$131,630

Up $415 (+0.3%) from 2018

Expenses

Up

$175,750

Up $2,250 (+1.3%) from 2018

Net Income

Down

-$44,120

Down $1,835 (-4.3%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $581,237Liabilities 2012: $581,482Net Assets 2012: -$2452012Assets 2013: $2,073,076Liabilities 2013: $2,072,773Net Assets 2013: $3032013Assets 2014: $2,300,936Liabilities 2014: $1,889,770Net Assets 2014: $411,1662014Assets 2015: $2,237,594Liabilities 2015: $1,904,945Net Assets 2015: $332,6492015Assets 2016: $2,186,527Liabilities 2016: $1,890,246Net Assets 2016: $296,2812016Assets 2017: $2,144,411Liabilities 2017: $1,886,050Net Assets 2017: $258,3612017Assets 2018: $2,103,130Liabilities 2018: $1,887,054Net Assets 2018: $216,0762018Assets 2019: $2,061,949Liabilities 2019: $1,889,993Net Assets 2019: $171,9562019Assets 2020: $2,016,288Liabilities 2020: $1,887,703Net Assets 2020: $128,5852020Assets 2021: $1,963,776Liabilities 2021: $1,885,942Net Assets 2021: $77,8342021Assets 2022: $1,895,724Liabilities 2022: $1,911,482Net Assets 2022: -$15,7582022Assets 2023: $1,834,661Liabilities 2023: $1,931,684Net Assets 2023: -$97,0232023Assets 2024: $1,778,964Liabilities 2024: $1,904,229Net Assets 2024: -$125,2652024

Highlighted filing

2019

Assets$2,061,949
Liabilities$1,889,993
Net Assets$171,956

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2012: $1482012Expenses 2013: $02013Revenue 2014: $125,354Expenses 2014: $168,104Net Income 2014: -$42,7502014Revenue 2015: $125,127Expenses 2015: $203,644Net Income 2015: -$78,5172015Revenue 2016: $134,555Expenses 2016: $170,923Net Income 2016: -$36,3682016Revenue 2017: $133,210Expenses 2017: $171,130Net Income 2017: -$37,9202017Revenue 2018: $131,215Expenses 2018: $173,500Net Income 2018: -$42,2852018Revenue 2019: $131,630Expenses 2019: $175,750Net Income 2019: -$44,1202019Revenue 2020: $131,248Expenses 2020: $174,619Net Income 2020: -$43,3712020Revenue 2021: $129,773Expenses 2021: $180,524Net Income 2021: -$50,7512021Revenue 2022: $127,297Expenses 2022: $220,888Net Income 2022: -$93,5912022Revenue 2023: $132,659Expenses 2023: $213,924Net Income 2023: -$81,2652023Revenue 2024: $178,763Expenses 2024: $207,005Net Income 2024: -$28,2422024

Highlighted filing

2019

Revenue$131,630
Expenses$175,750
Net Income-$44,120
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 29, 2020
Return Version
2019v5.1
Gross Receipts
$131,630
Mission and Program Overview

Mission

To provide elderly or disabled persons with housing facilities and services especially designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness and usefulness in longer living.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,022,565$1,966,038▼ $56,527
Cash and Non-Interest-Bearing Accounts$8,965$8,579▼ $386
Prepaid Expenses and Deferred Charges$1,451$1,569▲ $118
Accounts Receivable-$1,084-
Total Assets$2,103,130$2,061,949▼ $41,181
Other Assets Total$70,149$84,679▲ $14,530
Liabilities
Other Liabilities$1,666,616$1,666,618▲ $2
Mortgage Notes Payable Secured by Investment Property$200,000$200,000→ $0
Accounts Payable and Accrued Expenses$20,438$23,375▲ $2,937
Total Liabilities$1,887,054$1,889,993▲ $2,939
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$216,076$171,956▼ $44,120
Total Net Assets Fund Balance$216,076$171,956▼ $44,120
Total Liabilities and Net Assets / Fund Balance$2,103,130$2,061,949▼ $41,181

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,838,837$362,267$2,201,104
Land$122,076-$122,076
Other Land Buildings$5,125$9,869$14,994
Compensation and Service Providers

Employees

NameTitleOtherTotal
Catherine GilliganChief Financial Officer$105,231$105,231

Board Members and Trustees

NameTitle
Thomas E HodgePresident
Henrique T PedroDirector
William J SzafarowiczDirector
John J Padien IiiChief Executive Officer
Katherine S HuntChief Operating Officer
A Melanie CherrySecretary
KATHLEEN O'NEILLTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$86,200
Program Service Revenue
$45,165
Investment Income
$265
Other Revenue
$0
Change in Net Assets
$-44,120

Audited Revenue Reconciliation

Revenue per Audited Statements
$131,630
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$131,630
Total Revenue per Form 990
$131,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,111
Salaries, Compensation, and Employee Benefits$29,639
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$56,527--$56,527
Occupancy$39,861--$39,861
Other Salaries and Wages-$29,639-$29,639
Fees for Services Accounting-$9,850-$9,850
Fees for Services Management-$8,795-$8,795
Insurance$7,041--$7,041
Office Expenses-$4,844-$4,844
Other Expenses$3,910$2,144-$2,144
Advertising-$194-$194
Total Functional Expenses$120,284$55,466$0$175,750

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$175,751
Total Expenses per Audited Statements$175,751
Total Expenses per Form 990$175,751
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
Capital Advances$1,660,900
Tenant Security Deposits$3,398
Advances From Affiliates$2,320
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization utilizes a third party management company to provide various services including accounting and budgeting, resident resources, and facilities management.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees with authority to act on behalf of the organization.

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

All members of this organization's board were provided with a copy of the form 990. Members of the organization's finance/audit committee reviewed the form 990 prior to filing and recommended to the board to accept the form as completed.

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

If any possible conflict of interest is raised, it is reviewed by the board to determine if it is a true conflict of interest.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request at the organization's location.

Filing and Contact Details

Filer

Filer Name
Belmont Commons Inc
EIN
27-3459190
Phone
4017270150
Address
500 PROSPECT STREET, PAWTUCKET, RI 02860

Signing Officer

Name
John J Padien Iii
Title
Chief Executive Officer
Phone
4017270150
Signed
2020-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John J Padien Iii
Formed
2010
Legal Domicile
Ri
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Otrando Porcaro & Associates Ltd
Address
2258 POST ROAD, WARWICK, RI 02886
Preparer
Gregory Porcaro Cpaabv Mst
Phone
4017399250
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization had made no changes to its oversight process or its selection process during the tax year. The organization's oversight committee oversees the audit.

Financial Statement Notes

PART X, LINE 2:

The corporation qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code. As a not-for-profit entity, the corporation is subject to unrelated business income tax ("ubit"), if applicable. In accordance with fasb accounting standards codification ("asc") 740, income taxes, the corporation applies the "more likely than not" threshold to the recognition and derecognition of tax positions for its financial statements. Management has evaluated the corporation's tax positions and has concluded that there were no uncertain tax positions that qualified for either recognition or disclosure in the accompanying financial statements. The corporation files tax returns in the u.s. Federal jurisdiction.

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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/PYTotalExpensesAmt0173500
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-44120
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt045165
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt087947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt086481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt080542
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt079929
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0421099
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0265
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0151
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0121
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt034
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0651
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0190870
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99850
IRS990ScheduleA/PublicSupportPY170Pct00.99900
IRS990ScheduleA/PublicSupportTotal170Amt0421099
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt086200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt087947
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt086481
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt080542
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt079929
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0421099
IRS990ScheduleA/TotalSupportAmt0421750
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01838837
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0362267
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02201104
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0175751
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LandGrp/BookValueAmt0122076
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0122076
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05125
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09869
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014994
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02320
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11660900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23398
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCES FROM AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL ADVANCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0131630
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY, THE CORPORATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, THE CORPORATION APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE CORPORATION'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CORPORATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01966038
IRS990ScheduleD/TotalExpensesPerForm990Amt0175751
IRS990ScheduleD/TotalLiabilityAmt01666618
IRS990ScheduleD/TotalRevenuePerForm990Amt0131630
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0131630
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0175751
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0140344
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1145540
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt02517
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt19442
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt031139
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt11403
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN J PADIEN III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KATHERINE S HUNT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF OPERATING OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0174000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1156385
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE OFFICERS OF THE BOARD OF DIRECTORS OF THE ARC OF BLACKSTONE VALLEY, A RELATED ENTITY, DETERMINE THE COMPENSATION FOR THE CEO WHICH IS THEN SUBJECT TO REVIEW AND APPROVAL BY THE FULL BOARD OF DIRECTORS OF THE ARC OF BLACKSTONE VALLEY. THE CEO IS AN EMPLOYEE OF THE ARC OF BLACKSTONE VALLEY.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION UTILIZES A THIRD PARTY MANAGEMENT COMPANY TO PROVIDE VARIOUS SERVICES INCLUDING ACCOUNTING AND BUDGETING, RESIDENT RESOURCES, AND FACILITIES MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS OF THIS ORGANIZATION'S BOARD WERE PROVIDED WITH A COPY OF THE FORM 990. MEMBERS OF THE ORGANIZATION'S FINANCE/AUDIT COMMITTEE REVIEWED THE FORM 990 PRIOR TO FILING AND RECOMMENDED TO THE BOARD TO ACCEPT THE FORM AS COMPLETED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IF ANY POSSIBLE CONFLICT OF INTEREST IS RAISED, IT IS REVIEWED BY THE BOARD TO DETERMINE IF IT IS A TRUE CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAD MADE NO CHANGES TO ITS OVERSIGHT PROCESS OR ITS SELECTION PROCESS DURING THE TAX YEAR. THE ORGANIZATION'S OVERSIGHT COMMITTEE OVERSEES THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1RI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2RI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct21.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0REAL ESTATE MANAGEMENT

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