Civic Intelligence

Ridge Oak III Inc.

990 • Fiscal year 2016 • EIN 27-3501015

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 11, 2016

Organization ProfileWWW.RIDGEOAK.ORG
150 Manchester DrBasking Ridge, NJ 07920

(908) 221-0266

Siviq Scores

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

Liabilities / Assets

17th percentile

0.02x

Higher debt load relative to assets than 17% of similar nonprofits.

2016 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

30th percentile

0.46x

Higher debt load relative to revenue than 30% of similar nonprofits.

2016 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2016

Net Margin

26th percentile

-43%

Higher net margin than 26% of similar nonprofits.

2016 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

80th percentile

$189,081

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 86.5% of source-year revenue.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Asset Growth

66th percentile

-2.2%

Faster asset growth than 66% of similar nonprofits.

2016 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

76th percentile

8.5%

Faster revenue growth than 76% of similar nonprofits.

2016 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$4,296,417

Down $94,766 (-2.2%) from 2015

Net Assets

Down

$4,195,095

Down $94,246 (-2.2%) from 2015

Liabilities

Down

$101,322

Down $520 (-0.5%) from 2015

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin26th percentile

Revenue

Up

$218,628

Up $17,116 (+8.5%) from 2015

Expenses

Up

$312,874

Up $16,639 (+5.6%) from 2015

Net Income

Up

-$94,246

Up $477 (+0.5%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$6.0M$4.0M$2.0M$0Assets 2013: $4,947,703Liabilities 2013: $451,378Net Assets 2013: $4,496,3252013Assets 2014: $4,502,559Liabilities 2014: $118,495Net Assets 2014: $4,384,0642014Assets 2015: $4,391,183Liabilities 2015: $101,842Net Assets 2015: $4,289,3412015Assets 2016: $4,296,417Liabilities 2016: $101,322Net Assets 2016: $4,195,0952016Assets 2017: $4,207,978Liabilities 2017: $106,078Net Assets 2017: $4,101,9002017Assets 2018: $4,109,504Liabilities 2018: $106,517Net Assets 2018: $4,002,9872018Assets 2019: $4,000,703Liabilities 2019: $95,253Net Assets 2019: $3,905,4502019Assets 2020: $3,901,997Liabilities 2020: $90,841Net Assets 2020: $3,811,1562020Assets 2021: $3,821,198Liabilities 2021: $101,857Net Assets 2021: $3,719,3412021Assets 2022: $3,728,132Liabilities 2022: $109,335Net Assets 2022: $3,618,7972022Assets 2023: $3,601,879Liabilities 2023: $85,575Net Assets 2023: $3,516,3042023Assets 2024: $3,543,526Liabilities 2024: $92,935Net Assets 2024: $3,450,5912024Assets 2025: $3,481,222Liabilities 2025: $98,324Net Assets 2025: $3,382,8982025

Highlighted filing

2016

Assets$4,296,417
Liabilities$101,322
Net Assets$4,195,095
Open 2016 Filing

Operations Trend

Revenue Growth76th percentile

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

$400K$200K$0-$200KExpenses 2013: $145,0962013Revenue 2014: $176,974Expenses 2014: $289,235Net Income 2014: -$112,2612014Revenue 2015: $201,512Expenses 2015: $296,235Net Income 2015: -$94,7232015Revenue 2016: $218,628Expenses 2016: $312,874Net Income 2016: -$94,2462016Revenue 2017: $228,179Expenses 2017: $321,374Net Income 2017: -$93,1952017Revenue 2018: $228,540Expenses 2018: $327,453Net Income 2018: -$98,9132018Revenue 2019: $240,664Expenses 2019: $338,201Net Income 2019: -$97,5372019Revenue 2020: $248,181Expenses 2020: $342,475Net Income 2020: -$94,2942020Revenue 2021: $252,842Expenses 2021: $344,657Net Income 2021: -$91,8152021Revenue 2022: $254,676Expenses 2022: $353,551Net Income 2022: -$98,8752022Revenue 2023: $270,434Expenses 2023: $372,138Net Income 2023: -$101,7042023Revenue 2024: $310,425Expenses 2024: $376,138Net Income 2024: -$65,7132024Revenue 2025: $331,830Expenses 2025: $399,523Net Income 2025: -$67,6932025

Highlighted filing

2016

Revenue$218,628
Expenses$312,874
Net Income-$94,246
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 11, 2016
Return Version
2015v2.1
Gross Receipts
$218,628
Mission and Program Overview

Mission

To operate a residential rental housing project in basking ridge, nj for low income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,318,204$4,206,067▼ $112,137
Prepaid Expenses and Deferred Charges$18,304$18,425▲ $121
Savings and Temporary Cash Investments$1,550$8,182▲ $6,632
Cash and Non-Interest-Bearing Accounts$1,000$1,000→ $0
Accounts Receivable$280$280→ $0
Total Assets$4,391,183$4,296,417▼ $94,766
Other Assets Total$51,845$62,463▲ $10,618
Liabilities
Other Liabilities$84,632$85,049▲ $417
Accounts Payable and Accrued Expenses$10,092$9,182▼ $910
Escrow Account Liability$7,118$7,091▼ $27
Total Liabilities$101,842$101,322▼ $520
Net Assets / Fund Balance
Unrestricted Net Assets$4,289,341$4,195,095▼ $94,246
Total Net Assets Fund Balance$4,289,341$4,195,095▼ $94,246
Total Liabilities and Net Assets / Fund Balance$4,391,183$4,296,417▼ $94,766

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,180,797$400,319$4,581,116
Equipment$25,269$12,773$38,042
Land$1-$1
Other Land Buildings$0--
Leasehold Improvements$0--
Compensation and Service Providers
Top Officer Pay80th percentile

Board Members and Trustees

NameTitle
Donald FeuerbachPresident as of 1/1/16
Russell E Archer JrPresident Through 12/31/15
Bruce WalkerVice President as of 1/1/16
Claire L ObrienVice President Through 12/31/15
Bonnie KellyExcutive Director
Charles J LindTrustee
John WojnarTrustee
Judith AdamcsikTrustee
Royal GarmsTrustee
William AdamsTrustee
Patricia R GiammarinaroSecretary
Robert B BoyeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$217,039
Investment Income
$1,589
Other Revenue
$0
Change in Net Assets
$-94,246

Audited Revenue Reconciliation

Revenue per Audited Statements
$218,628
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$218,628
Total Revenue per Form 990
$218,628
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$245,316
Salaries, Compensation, and Employee Benefits$67,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$118,181--$118,181
Other Salaries and Wages$22,641$25,531-$48,172
Occupancy$23,793--$23,793
Insurance$18,157--$18,157
Other Employee Benefits$7,331$8,267-$15,598
Fees for Services Management-$12,960-$12,960
Fees for Services Accounting-$7,616-$7,616
Office Expenses-$6,269-$6,269
Payroll Taxes$1,780$2,008-$3,788
All Other Expenses$938$2,691-$3,629
Other Expenses$3,422--$3,422
Advertising-$2,585-$2,585
Conferences and Meetings-$500-$500
Total Functional Expenses$244,447$68,427$0$312,874

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$312,874
Total Expenses per Audited Statements$312,874
Total Expenses per Form 990$312,874
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
Loan From Ridge Oak Management, Inc.$85,049
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Ridge oak management, inc. Is a related organization that is a supporting organization to ridge oak iii, inc. Ridge oak management provides managment services related to the program service of low income senior housing.”

Form 990, Part VI, Section B, Line 11

“A copy of the 990 is provided to the executive director prior to filing. The executive director makes this copy available to all board members who may review and ask questions. All questions are resolved before final filing of the 990.”

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

“All new board members are required to review and sign a hud conflict of interest policy and disclosure certification (4571.3 rev-1). These certifications are reviewed annually.”

Form 990, Part VI, Section C, Line 18

“The organization's 990 is available upon request and on guidestar.org.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest and financial statements may be made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Ridge Oak Iii Inc
EIN
27-3501015
Phone
9082210266
Address
150 MANCHESTER DR, BASKING RIDGE, NJ 07920

Signing Officer

Name
Bonnie Kelly
Title
Executive Director
Phone
9082210266
Signed
2016-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bonnie Kelly
Formed
2010
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
SOBEL AND CO LLC CPA'S
Address
293 EISENHOWER PARKWAY, LIVINGSTON, NJ 07039-1711
Preparer
Ron Matan
Phone
9739949494
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process has not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“Tenant security deposits are held in a separate interest bearing bank account in the name of the project in trust for the tenants. Under certain circumstances, tenant security deposits may be applied to unpaid rent or other tenant obligations.”

PART X, LINE 2:

“The project is exempt from federal and state income taxes, under section 501(c)(3) of the internal revenue code. The project follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the project's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on de-recognition, classification, interest and penalties, disclosure and transition. The project's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense. No interest and penalties were recorded during the years ended june 30, 2016 and 2015. The tax years subject to audit by federal and state jurisdictions are 2013 and forward. At june 30, 2016, and 2015 there are no significant income tax uncertainties.”

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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/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO OPERATE A RESIDENTIAL RENTAL HOUSING PROJECT IN BASKING RIDGE, NJ FOR LOW INCOME ELDERLY PERSONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04289341
IRS990/NetAssetsOrFundBalancesEOYAmt04195095
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt023793
IRS990/OccupancyGrp/TotalAmt023793
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06269
IRS990/OfficeExpensesGrp/TotalAmt06269
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt051845
IRS990/OtherAssetsTotalGrp/EOYAmt062463
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08267
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07331
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015598
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/Desc3SNOW REMOVAL
IRS990/OtherExpensesGrp/ProgramServicesAmt033066
IRS990/OtherExpensesGrp/ProgramServicesAmt110440
IRS990/OtherExpensesGrp/ProgramServicesAmt24698
IRS990/OtherExpensesGrp/ProgramServicesAmt33422
IRS990/OtherExpensesGrp/TotalAmt033066
IRS990/OtherExpensesGrp/TotalAmt110440
IRS990/OtherExpensesGrp/TotalAmt24698
IRS990/OtherExpensesGrp/TotalAmt33422
IRS990/OtherLiabilitiesGrp/BOYAmt084632
IRS990/OtherLiabilitiesGrp/EOYAmt085049
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt025531
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt022641
IRS990/OtherSalariesAndWagesGrp/TotalAmt048172
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02008
IRS990/PayrollTaxesGrp/ProgramServicesAmt01780
IRS990/PayrollTaxesGrp/TotalAmt03788
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018304
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018425
IRS990/PrincipalOfficerNm0BONNIE KELLY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENT - TENANT
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3SPECIAL CLAIMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0145642
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt169557
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21109
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3731
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0145642
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt169557
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21109
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3731
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0341
IRS990/PYOtherExpensesAmt0234365
IRS990/PYOtherRevenueAmt010250
IRS990/PYProgramServiceRevenueAmt0190921
IRS990/PYRevenuesLessExpensesAmt0-94723
IRS990/PYSalariesCompEmpBnftPaidAmt061870
IRS990/PYTotalExpensesAmt0296235
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0201512
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-94246
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0217039
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01550
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08182
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01589
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0341
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01945
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0217039
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0201171
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0176962
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt079743
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0674915
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01589
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0341
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01945
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt010250
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010250
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0674915
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0217039
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0201171
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0176962
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt079743
IRS990ScheduleA/Total509Grp/TotalAmt0674915
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0218628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0211762
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0176974
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt079746
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0687110
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04180797
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0400319
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04581116
IRS990ScheduleD/EquipmentGrp/BookValueAmt025269
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012773
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038042
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0312874
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt085049
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN FROM RIDGE OAK MANAGEMENT, INC.
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0218628
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE INTEREST BEARING BANK ACCOUNT IN THE NAME OF THE PROJECT IN TRUST FOR THE TENANTS. UNDER CERTAIN CIRCUMSTANCES, TENANT SECURITY DEPOSITS MAY BE APPLIED TO UNPAID RENT OR OTHER TENANT OBLIGATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE PROJECT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECT FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE PROJECT'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE PROJECT'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED JUNE 30, 2016 AND 2015. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE 2013 AND FORWARD. AT JUNE 30, 2016, AND 2015 THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04206067
IRS990ScheduleD/TotalExpensesPerForm990Amt0312874
IRS990ScheduleD/TotalLiabilityAmt085049
IRS990ScheduleD/TotalRevenuePerForm990Amt0218628
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0218628
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0312874
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0157068
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt023716
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt08297
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,296,417
Liabilities
$101,322
Net assets
$4,195,095
Revenue
$218,628
Expenses
$312,874
Net income
-$94,246
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.10$3.38$0.33$0.40$0.07
2024Detailed filing. Detailed filing data is available for this year.$3.54$0.09$3.45$0.31$0.38$0.07
2023Detailed filing. Detailed filing data is available for this year.$3.60$0.09$3.52$0.27$0.37$0.10
2022Detailed filing. Detailed filing data is available for this year.$3.73$0.11$3.62$0.25$0.35$0.10
2021Detailed filing. Detailed filing data is available for this year.$3.82$0.10$3.72$0.25$0.34$0.09
2020Detailed filing. Detailed filing data is available for this year.$3.90$0.09$3.81$0.25$0.34$0.09
2019Detailed filing. Detailed filing data is available for this year.$4.00$0.10$3.91$0.24$0.34$0.10
2018Detailed filing. Detailed filing data is available for this year.$4.11$0.11$4.00$0.23$0.33$0.10
2017Detailed filing. Detailed filing data is available for this year.$4.21$0.11$4.10$0.23$0.32$0.09
2016Detailed filing. Detailed filing data is available for this year.$4.30$0.10$4.20$0.22$0.31$0.09
2015Detailed filing. Detailed filing data is available for this year.$4.39$0.10$4.29$0.20$0.30$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.50$0.12$4.38$0.18$0.29$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.95$0.45$4.50$0.15