Civic Intelligence

Ridge Oak III Inc.

990 • Fiscal year 2017 • EIN 27-3501015

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 08, 2017

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

19th percentile

0.03x

Higher debt load relative to assets than 19% of similar nonprofits.

2017 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

32nd percentile

0.46x

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

2017 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2017

Net Margin

25th percentile

-41%

Higher net margin than 25% of similar nonprofits.

2017 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

84th percentile

$202,835

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 88.9% of source-year revenue.

2017 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2017

Asset Growth

63rd percentile

-2.1%

Faster asset growth than 63% of similar nonprofits.

2017 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

56th percentile

4.4%

Faster revenue growth than 56% of similar nonprofits.

2017 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$4,207,978

Down $88,439 (-2.1%) from 2016

Net Assets

Down

$4,101,900

Down $93,195 (-2.2%) from 2016

Liabilities

Up

$106,078

Up $4,756 (+4.7%) from 2016

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin25th percentile

Revenue

Up

$228,179

Up $9,551 (+4.4%) from 2016

Expenses

Up

$321,374

Up $8,500 (+2.7%) from 2016

Net Income

Up

-$93,195

Up $1,051 (+1.1%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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

2017

Assets$4,207,978
Liabilities$106,078
Net Assets$4,101,900
Open 2017 Filing

Operations Trend

Revenue Growth56th 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

2017

Revenue$228,179
Expenses$321,374
Net Income-$93,195
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$228,179
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$4,206,067$4,087,734▼ $118,333
Savings and Temporary Cash Investments$8,182$20,103▲ $11,921
Prepaid Expenses and Deferred Charges$18,425$19,823▲ $1,398
Cash and Non-Interest-Bearing Accounts$1,000$775▼ $225
Accounts Receivable$280$280→ $0
Total Assets$4,296,417$4,207,978▼ $88,439
Other Assets Total$62,463$79,263▲ $16,800
Liabilities
Other Liabilities$85,049$87,846▲ $2,797
Accounts Payable and Accrued Expenses$9,182$10,752▲ $1,570
Escrow Account Liability$7,091$7,480▲ $389
Total Liabilities$101,322$106,078▲ $4,756
Net Assets / Fund Balance
Unrestricted Net Assets$4,195,095$4,101,900▼ $93,195
Total Net Assets Fund Balance$4,195,095$4,101,900▼ $93,195
Total Liabilities and Net Assets / Fund Balance$4,296,417$4,207,978▼ $88,439

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,066,269$514,847$4,581,116
Equipment$21,464$16,578$38,042
Land$1-$1
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Don FeuerbachPresident
Bruce WalkerVice President
Bonnie KellyExcutive Director
John WojnarTrustee
Russell E ArcherTrustee
Susan M GannonTrustee
Vincent BakerTrustee
William AdamsTrustee
Judith AdamcsikSecretary as of 1/1/2017
Patricia R GiammarinaroSecretary Until 12/31/16
Royal GarmsTreasurer as of 1/1/17
Robert B BoyeTreasurer Until 12/31/2016
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$227,208
Investment Income
$971
Other Revenue
$0
Change in Net Assets
$-93,195

Audited Revenue Reconciliation

Revenue per Audited Statements
$228,179
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$228,179
Total Revenue per Form 990
$228,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$252,247
Salaries, Compensation, and Employee Benefits$69,127
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$118,333--$118,333
Other Salaries and Wages$23,123$26,075-$49,198
Occupancy$24,030--$24,030
Insurance$19,754--$19,754
Other Employee Benefits$7,538$8,500-$16,038
Fees for Services Management-$12,960-$12,960
Fees for Services Accounting-$12,106-$12,106
Office Expenses-$7,922-$7,922
Other Expenses$4,349$5,060-$4,349
Payroll Taxes$1,829$2,062-$3,891
All Other Expenses-$3,305-$3,305
Conferences and Meetings-$500-$500
Total Functional Expenses$242,884$78,490$0$321,374

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$321,374
Total Expenses per Audited Statements$321,374
Total Expenses per Form 990$321,374
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.$66,328
Loan From Ridge Oak,inc.$21,518
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
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 11B

“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
2017-11-08
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 & 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 2017 and 2016. At june 30, 2017, and 2016 there are no significant income tax uncertainties.”

Raw XML AppendixShowing 400 of 563 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/MissionDesc0TO OPERATE A RESIDENTIAL RENTAL HOUSING PROJECT IN BASKING RIDGE, NJ FOR LOW INCOME ELDERLY PERSONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04195095
IRS990/NetAssetsOrFundBalancesEOYAmt04101900
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt024030
IRS990/OccupancyGrp/TotalAmt024030
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07922
IRS990/OfficeExpensesGrp/TotalAmt07922
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt062463
IRS990/OtherAssetsTotalGrp/EOYAmt079263
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08500
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07538
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016038
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/Desc3SNOW REMOVAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05060
IRS990/OtherExpensesGrp/ProgramServicesAmt035260
IRS990/OtherExpensesGrp/ProgramServicesAmt18668
IRS990/OtherExpensesGrp/ProgramServicesAmt24349
IRS990/OtherExpensesGrp/TotalAmt035260
IRS990/OtherExpensesGrp/TotalAmt18668
IRS990/OtherExpensesGrp/TotalAmt25060
IRS990/OtherExpensesGrp/TotalAmt34349
IRS990/OtherLiabilitiesGrp/BOYAmt085049
IRS990/OtherLiabilitiesGrp/EOYAmt087846
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026075
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt023123
IRS990/OtherSalariesAndWagesGrp/TotalAmt049198
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02062
IRS990/PayrollTaxesGrp/ProgramServicesAmt01829
IRS990/PayrollTaxesGrp/TotalAmt03891
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018425
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019823
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/RelatedOrExemptFuncIncomeAmt0168313
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt157787
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21063
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt345
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0168313
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt157787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21063
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt345
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01589
IRS990/PYOtherExpensesAmt0245316
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0217039
IRS990/PYRevenuesLessExpensesAmt0-94246
IRS990/PYSalariesCompEmpBnftPaidAmt067558
IRS990/PYTotalExpensesAmt0312874
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0218628
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-93195
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0227208
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08182
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020103
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0971
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01589
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0341
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02916
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0227208
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0217039
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0201171
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0176962
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt079743
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0902123
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0971
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01589
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0341
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02916
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt010250
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010250
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0902123
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0227208
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0217039
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0201171
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0176962
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt079743
IRS990ScheduleA/Total509Grp/TotalAmt0902123
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0228179
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0218628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0211762
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0176974
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt079746
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0915289
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04066269
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0514847
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04581116
IRS990ScheduleD/EquipmentGrp/BookValueAmt021464
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016578
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038042
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0321374
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt066328
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt121518
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN FROM RIDGE OAK MANAGEMENT, INC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN FROM RIDGE OAK,INC.
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0228179
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 2017 AND 2016. AT JUNE 30, 2017, AND 2016 THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04087734
IRS990ScheduleD/TotalExpensesPerForm990Amt0321374
IRS990ScheduleD/TotalLiabilityAmt087846
IRS990ScheduleD/TotalRevenuePerForm990Amt0228179
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0228179
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0321374
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/CompensationBasedOnRltdOrgsAmt0160902
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt025190
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,207,978
Liabilities
$106,078
Net assets
$4,101,900
Revenue
$228,179
Expenses
$321,374
Net income
-$93,195
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits