Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Assets
$4,217,505
No earlier filing loaded for comparison.
Net Assets
-$814,244
No earlier filing loaded for comparison.
Liabilities
$5,031,749
No earlier filing loaded for comparison.
Revenue
-
No earlier filing loaded for comparison.
Expenses
$1,390,244
No earlier filing loaded for comparison.
Net Income
-
No earlier filing loaded for comparison.
A partnership purchased the property in 2016 to operate it as a section 42 low income housing apartment community. Mkv, inc. (an ohio not-for-profit corporation) was organized to own and operate a 150 unit apartment community in cincinnati, ohio, known as the meadows (the community), pursuant to section 223(f) of the national housing act as amended. Effective december 1, 2007 one unit was converted to an office with hud approval. The corporation had executed a regulatory agreement with hud, which governs the operation of the project with the federal housing administration (fha) section of hud. The corporation had also entered into a housing assistance payment contract (hap contract) with hud.a partnership purchased the property in 2016, and mkv, inc now funds the project through a seller carryback note. The main purpose of this entity going forward will be a financing arm of the low income project through the new partnership.
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccruedExpenses/EOY | 0 | 37483 |
| IRS990/AccountsReceivable/BOY | 0 | 134 |
| IRS990/AccountsReceivable/EOY | 0 | 896 |
| IRS990/ActivitiesConductedPartnership | 0 | 0 |
| IRS990/ActivityOrMissionDescription | 0 | MKV, INC. (AN OHIO NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO OWN AND OPERATE A 150 UNIT APARTMENT COMMUNITY IN CINCINNATI, OHIO, KNOWN AS THE MEADOWS (THE COMMUNITY), PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AS AMENDED. EFFECTIVE DECEMBER 1, 2007 ONE UNIT WAS CONVERTED TO AN OFFICE WITH HUD APPROVAL. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD, WHICH GOVERNS THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) WITH HUD. THE HAP CONTRACT EXPIRES MAY 28, 2011. |
| IRS990/AddressPrincipalOfficerUS/AddressLine1 | 0 | 11100 SPRINGFIELD PIKE |
| IRS990/AddressPrincipalOfficerUS/City | 0 | CINCINNATI |
| IRS990/AddressPrincipalOfficerUS/State | 0 | OH |
| IRS990/AddressPrincipalOfficerUS/ZIPCode | 0 | 45246 |
| IRS990/Advertising/ManagementAndGeneral | 0 | 4567 |
| IRS990/Advertising/Total | 0 | 4567 |
| IRS990/AllOtherContributions | 0 | 57288 |
| IRS990/AllOtherExpenses/ProgramServices | 0 | 200 |
| IRS990/AllOtherExpenses/Total | 0 | 200 |
| IRS990/AnnualDisclosureCoveredPersons | 0 | 1 |
| IRS990/AuditCommittee | 0 | 1 |
| IRS990/BalanceSheetAmountsReported | 0 | 1 |
| IRS990/BenefitsPaidToMembersCY | 0 | 0 |
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| IRS990/CashNonInterestBearing/EOY | 0 | 117077 |
| IRS990/ChangesToOrganizingDocs | 0 | 0 |
| IRS990/CollectionsOfArt | 0 | 0 |
| IRS990/CompensationFromOtherSources | 0 | 0 |
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| IRS990/CompensationProcessOther | 0 | 0 |
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| IRS990/DepreciationDepletion/Total | 0 | 221339 |
| IRS990/DescribedIn501C3 | 0 | 1 |
| IRS990/Description | 0 | MKV, INC. (AN OHIO NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO OWN AND OPERATE A 150 UNIT APARTMENT COMMUNITY IN CINCINNATI, OHIO, KNOWN AS THE MEADOWS (THE COMMUNITY), PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AS AMENDED. EFFECTIVE DECEMBER 1, 2007 ONE UNIT WAS CONVERTED TO AN OFFICE WITH HUD APPROVAL. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD, WHICH GOVERNS THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) WITH HUD. THE HAP CONTRACT EXPIRES MAY 28, 2011. |
| IRS990/DisregardedEntity | 0 | 0 |
| IRS990/DocumentRetentionPolicy | 0 | 1 |
| IRS990/DoingBusinessAs/BusinessNameLine1 | 0 | THE MEADOWS |
| IRS990/DonorAdvisedFunds | 0 | 0 |
| IRS990/ElectionOfBoardMembers | 0 | 0 |
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| IRS990/FederalGrantAuditRequired | 0 | 1 |
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| IRS990/FeesForServicesAccounting/Total | 0 | 4315 |
| IRS990/FeesForServicesLegal/ManagementAndGeneral | 0 | 294 |
| IRS990/FeesForServicesLegal/Total | 0 | 294 |
| IRS990/FeesForServicesManagement/ManagementAndGeneral | 0 | 65152 |
| IRS990/FeesForServicesManagement/Total | 0 | 65152 |
| IRS990/FinancialStatementSeparate | 0 | X |
| IRS990/FollowSFAS117 | 0 | X |
| IRS990/ForeignActivities | 0 | 0 |
| IRS990/ForeignFinancialAccount | 0 | 0 |
| IRS990/ForeignOffice | 0 | 0 |
| IRS990/Form8282PropertyDisposedOf | 0 | 0 |
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| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 1 | 0.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 2 | 45.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 3 | 0.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 4 | 0.00 |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 0 | X |
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| IRS990/Form990PartVIISectionA/NamePerson | 3 | STEVEN L BRASH |
| IRS990/Form990PartVIISectionA/NamePerson | 4 | WILLIAM BROWN |
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| IRS990/Form990PartVIISectionA/Officer | 3 | X |
| IRS990/Form990PartVIISectionA/Officer | 4 | X |
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| IRS990/Form990PartVIISectionA/Title | 0 | Treasurer |
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| IRS990/Form990PartVIISectionA/Title | 3 | FIRST VICE CHAIRMAN |
| IRS990/Form990PartVIISectionA/Title | 4 | SECRETARY |
| IRS990/Form990ProvidedToGoverningBody | 0 | 1 |
| IRS990/FormersListed | 0 | 0 |
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| IRS990/Hospital | 0 | 0 |
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| IRS990/IntangibleAssets/EOY | 0 | 190165 |
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| IRS990/InvestmentIncome/TotalRevenueColumn | 0 | 1153 |
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| IRS990/LessCostOthBasisSalesExpenses/Other | 0 | 831 |
| IRS990/LoanToOfficerOrDQP | 0 | 0 |
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| IRS990/LocalChapters | 0 | 0 |
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| IRS990/MissionDescription | 0 | MKV, INC. (AN OHIO NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO OWN AND OPERATE A 150 UNIT APARTMENT COMMUNITY IN CINCINNATI, OHIO, KNOWN AS THE MEADOWS (THE COMMUNITY), PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AS AMENDED. EFFECTIVE DECEMBER 1, 2007 ONE UNIT WAS CONVERTED TO AN OFFICE WITH HUD APPROVAL. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD, WHICH GOVERNS THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) WITH HUD. THE HAP CONTRACT EXPIRES MAY 28, 2011. |
| IRS990/MoreThan5000KToIndividuals | 0 | 0 |
| IRS990/MoreThan5000KToOrganizations | 0 | 0 |
| IRS990/MortNotesPyblSecuredInvestProp/BOY | 0 | 4948868 |
| IRS990/MortNotesPyblSecuredInvestProp/EOY | 0 | 4859259 |
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| IRS990/NumberFormsTransmittedWith1096 | 0 | 8 |
| IRS990/NumberIndependentVotingMembers | 0 | 0 |
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| IRS990/NumberOfContractorsGT100K | 0 | 0 |
| IRS990/NumberOfEmployees | 0 | 8 |
| IRS990/NumberW2GIncluded | 0 | 0 |
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| IRS990/OfficerEntityWithBsnssRltnshp | 0 | 1 |
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| IRS990/Organization501c | 0 | X |
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| IRS990/OtherAssetsTotal/EOY | 0 | 124558 |
| IRS990/OtherExpensePriorYear | 0 | 1427025 |
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| IRS990/OtherExpenses/Description | 0 | Mgmt Company Employee C |
| IRS990/OtherExpenses/Description | 1 | Resident Activity Expen |
| IRS990/OtherExpenses/Description | 2 | Service Coordinator Con |
| IRS990/OtherExpenses/Description | 3 | Bookkeeping |
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| IRS990/OtherLiabilities/BOY | 0 | 140327 |
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| IRS990/ScheduleBRequired | 0 | 1 |
| IRS990ScheduleD/Buildings/BookValue | 0 | 2128565 |
| IRS990ScheduleD/Buildings/Depreciation | 0 | 4061320 |
| IRS990ScheduleD/Buildings/OtherCostOrOtherBasis | 0 | 6189885 |
| IRS990ScheduleD/Equipment/BookValue | 0 | 411417 |
| IRS990ScheduleD/Equipment/Depreciation | 0 | 696636 |
| IRS990ScheduleD/Equipment/OtherCostOrOtherBasis | 0 | 1108053 |
| IRS990ScheduleD/ExcessOrDeficitForYear | 0 | 42811 |
| IRS990ScheduleD/ExcessOrDeficitPerFS | 0 | 42811 |
| IRS990ScheduleD/ExpensesNotRptdF990 | 0 | 20527 |
| IRS990ScheduleD/ExpensesNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotal | 0 | 1390244 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | In 2009, the Corporation adopted the Income Taxes topic of the FASB Accounting Standards Codification (ASC) 740, which provides guidance for how uncertain income tax positions should be recognized, measured, presented and disclosed in the financial statements. The Corporation is required to evaluate the income tax positions taken or expected to be taken to determine whether the positions are more-likely-than-not to be sustained upon examination by the applicable tax authority. The Corporation has determined that the application of the Income Taxes standard does not impact the operations of the Corporation and that no provision for income tax is required in the Corporations financial statements. There has been no interest or penalties recognized in the income statement or balance sheet for the year ended June 30, 2010. As of June 30, 2010, the following federal tax years remain open: June 30, 2007 through 2010. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 1 | TAX LOSS ON DISPOSAL OF FIXED ASSETS: 831. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 2 | BOOK/TAX DEPRECIATION EXPENSE DIFFERENCE: 20527. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 0 | Part X: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 1 | Part XII, Line 2d - Other Adjustments: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 2 | Part XIII, Line 2d - Other Adjustments: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 0 | Description of Uncertain Tax Positions Under FIN 48: |
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| IRS990ScheduleD/InvestmentsProgramRelated/BookValue | 1 | 235069 |
| IRS990ScheduleD/InvestmentsProgramRelated/Description | 0 | Reserve Replacement Fund |
| IRS990ScheduleD/InvestmentsProgramRelated/Description | 1 | Residual Receipts |
| IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation | 0 | C |
| IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation | 1 | C |
| IRS990ScheduleD/Land/BookValue | 0 | 280315 |
| IRS990ScheduleD/Land/OtherCostOrOtherBasis | 0 | 280315 |
| IRS990ScheduleD/LeaseholdImprovements/BookValue | 0 | 64949 |
| IRS990ScheduleD/LeaseholdImprovements/Depreciation | 0 | 228340 |
| IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis | 0 | 293289 |
| IRS990ScheduleD/OtherExpensesIncluded | 0 | 20527 |
| IRS990ScheduleD/OtherLiabilities/Amount | 0 | 50119 |
| IRS990ScheduleD/OtherLiabilities/Amount | 1 | 18486 |
| IRS990ScheduleD/OtherLiabilities/Amount | 2 | 21543 |
| IRS990ScheduleD/OtherLiabilities/Amount | 3 | 44757 |
| IRS990ScheduleD/OtherLiabilities/Description | 0 | Security Deposits |
| IRS990ScheduleD/OtherLiabilities/Description | 1 | Accrued Payroll |
| IRS990ScheduleD/OtherLiabilities/Description | 2 | Accrued Interest Payable |
| IRS990ScheduleD/OtherLiabilities/Description | 3 | Accrued Property Taxes |
| IRS990ScheduleD/OtherRevenues | 0 | 831 |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 831 |
| IRS990ScheduleD/RevenueNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 1433055 |
| IRS990ScheduleD/TotalAdjustments | 0 | 0 |
| IRS990ScheduleD/TotalExpenses | 0 | 1390244 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 1390244 |
| IRS990ScheduleD/TotalOfAmounts | 0 | 134905 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 2885246 |
| IRS990ScheduleD/TotalOfBookValueProgramRelated | 0 | 871703 |
| IRS990ScheduleD/TotalRevenue | 0 | 1433055 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 1433055 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 1410771 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 1433886 |
| IRS990ScheduleJ/AnyNonFixedPayments | 0 | 0 |
| IRS990ScheduleJ/BoardOrCommitteeApproval | 0 | X |
| IRS990ScheduleJ/CompBasedNetEarningsFilingOrg | 0 | 0 |
| IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/CompensationCommittee | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrangement | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs | 0 | 38588 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs | 0 | 267144 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs | 0 | 37592 |
| IRS990ScheduleJ/Form990ScheduleJPartII/NameBusiness/BusinessNameLine1 | 0 | JAMES M FORMAL |
| IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs | 0 | 15723 |
| IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs | 0 | 22681 |
| IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs | 0 | 381728 |
| IRS990ScheduleJ/IndependentConsultant | 0 | X |
| IRS990ScheduleJ/InitialContractException | 0 | 0 |
| IRS990/ScheduleJRequired | 0 | 1 |
| IRS990ScheduleJ/SeverancePayment | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRetirePlan | 0 | 0 |
| IRS990ScheduleJ/WrittenEmploymentContract | 0 | X |
| IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction | 0 | 0 |
| IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson | 0 | All transactions are below minimum |
| IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues | 0 | 0 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | MKV, INC IS MANAGED BY Maple Knoll Communities, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. Maple Knoll Communities HAS A PROJECT OWNERS AND MANAGEMENT AGENT's CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED Maple Knoll Communities TO MANAGE THE MKV, INC APARTMENT COMMUNITY. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING. FORM 990 IS ALSO SUBMITTED TO KEN HUFF, CFO, FOR REVIEW. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | All conflicts of interest are required to be disclosed at the annual board meeting. There is also a "hotline" that is responded to by the corporate compliance committee. That committee investigates all claims and reports those results to the Board of Directors. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | The Executive Committee of the Board of Directors recommends the level of compensation of the Chief Executive Officer. Outside counsel is consulted upon initial hiring on the reasonableness of the compensation package. The Chief Executive Officer then sets the compensation levels of the officers, following performance evaluations. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | Maple Knoll Communities IS THE MANAGEMENT COMPANY AND EMPLOYS THE INDIVIDUALS WHO WORK AT THE PROJECT. MKV, Inc. REIMBURSES Maple Knoll Communities FOR THE EMPLOYEE'S SALARIES AND OTHER COSTS ASSOCIATED WITH THEIR EMPLOYMENT. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | Form 990, Part VI, Section A, line 3 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | Form 990, Part VI, Section B, line 11 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/GeneralExplanation/Identifier | 3 | Form 990, Part VI, Section B, line 15a |
| IRS990ScheduleO/GeneralExplanation/Identifier | 4 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 5 | Part XI, Line 2c |
| IRS990ScheduleO/GeneralExplanation/Identifier | 6 | Schedule R, Part V, Line 1N |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | Oversight of Auditing Function |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | Sharing of Paid Employees |
| IRS990/ScheduleORequired | 0 | 1 |
| IRS990ScheduleR/ExchangeOfAssets | 0 | 0 |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1 | 0 | 11100 SPRINGFIELD PIKE |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1 | 1 | 11100 SPRINGFIELD PIKE |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1 | 2 | 11100 SPRINGFIELD PIKE |
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Displayed year
2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.