Civic Intelligence

Indiana Oic Senior Housing Inc

EIN 31-1135807 • 501(c)3 • Indianapolis, IN

Profile

Indiana oic senior housing, inc. (an indiana not for profit corporation) (the "corporation") was organized to own and operate a 40-unit apartment community in indianpolis, indiana, known as opportuinities park apartments (the "community"), pursuant to section 207 pursuant to section 223(f) of the national housing act as amended. The corporation has entered into the standard fha regulatory agreements governing the operation of the community with the federal housing administration section of hud.

2504 East 28th StreetIndianapolis, IN 46218

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

2.43x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

3.08x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

23rd percentile

-8.2%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

4.3%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$559,723

Down $50,157 (-8.2%) from 2017

Liabilities

Up

$1,359,449

Up $3,886 (+0.3%) from 2017

Net Assets

Down

-$799,726

Down $54,043 (-7.2%) from 2017

Operations
Liabilities / Revenue96th percentileNet Margin21st percentile

Revenue

Up

$441,977

Up $18,135 (+4.3%) from 2017

Expenses

Up

$496,020

Up $49,633 (+11%) from 2017

Net Income

Down

-$54,043

Down $31,498 (-140%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0MAssets 2011: $865,834Liabilities 2011: $1,525,956Net Assets 2011: -$660,1222011Assets 2013: $762,440Liabilities 2013: $1,496,146Net Assets 2013: -$733,7062013Assets 2014: $698,721Liabilities 2014: $1,427,602Net Assets 2014: -$728,8812014Assets 2015: $666,330Liabilities 2015: $1,406,647Net Assets 2015: -$740,3172015Assets 2016: $653,592Liabilities 2016: $1,376,730Net Assets 2016: -$723,1382016Assets 2017: $609,880Liabilities 2017: $1,355,563Net Assets 2017: -$745,6832017Assets 2018: $559,723Liabilities 2018: $1,359,449Net Assets 2018: -$799,7262018

Highlighted filing

2018

Assets$559,723
Liabilities$1,359,449
Net Assets-$799,726
Open 2018 Filing

Operations Trend

Revenue Growth46th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $419,8032011Revenue 2013: $433,144Expenses 2013: $439,044Net Income 2013: -$5,9002013Revenue 2014: $417,978Expenses 2014: $413,153Net Income 2014: $4,8252014Revenue 2015: $425,889Expenses 2015: $437,325Net Income 2015: -$11,4362015Revenue 2016: $441,041Expenses 2016: $423,862Net Income 2016: $17,1792016Revenue 2017: $423,842Expenses 2017: $446,387Net Income 2017: -$22,5452017Revenue 2018: $441,977Expenses 2018: $496,020Net Income 2018: -$54,0432018

Highlighted filing

2018

Revenue$441,977
Expenses$496,020
Net Income-$54,043
Open 2018 Filing

Filings

Most recent year

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

Open filing
Assets
$559,723
Liabilities
$1,359,449
Net assets
-$799,726
Revenue
$441,977
Expenses
$496,020
Net income
-$54,043
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.56$1.36$0.80$0.44$0.50$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.61$1.36$0.75$0.42$0.45$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.65$1.38$0.72$0.44$0.42$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.67$1.41$0.74$0.43$0.44$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.70$1.43$0.73$0.42$0.41$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.76$1.50$0.73$0.43$0.44$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$1.53$0.66$0.42
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 11, 2019
Return Version
2018v3.1
Gross Receipts
$441,977
Mission and Program Overview

Mission

Indiana oic senior housing, inc. (an indiana not for profit corporation) (the "corporation") was organized to own and operate a 40-unit apartment community in indianpolis, indiana, known as opportuinities park apartments (the "community"), pursuant to section 207 pursuant to section 223(f) of the national housing act as amended. The corporation has entered into the standard fha regulatory agreements governing the operation of the community with the federal housing administration section of hud.

To promote the welfare of the needy, elderly and handicapped families through the provision of housing for low and moderate income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$444,354$402,564▼ $41,790
Intangible Assets$45,835$43,925▼ $1,910
Prepaid Expenses and Deferred Charges$5,886$6,334▲ $448
Cash and Non-Interest-Bearing Accounts$18,517$5,368▼ $13,149
Accounts Receivable$1,246$2,358▲ $1,112
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$609,880$559,723▼ $50,157
Other Assets Total$94,042$99,174▲ $5,132
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,312,033$1,281,317▼ $30,716
Accounts Payable and Accrued Expenses$27,182$63,283▲ $36,101
Other Liabilities$14,184$13,241▼ $943
Deferred Revenue$2,164$1,608▼ $556
Total Liabilities$1,355,563$1,359,449▲ $3,886
Net Assets / Fund Balance
Unrestricted Net Assets$-745,683$-799,726▼ $54,043
Total Net Assets Fund Balance$-745,683$-799,726▼ $54,043
Total Liabilities and Net Assets / Fund Balance$609,880$559,723▼ $50,157

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$369,795$978,120$1,347,915
Equipment$12,201$158,777$170,978
Land$20,568-$20,568
Other Assets Org$9,455--
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Ronald J Harper EsqChairman
Gary BurgessDirector
Thomasenia CottonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$324,201
Program Service Revenue
$115,154
Investment Income
$249
Other Revenue
$2,373
Change in Net Assets
$-54,043

Audited Revenue Reconciliation

Revenue per Audited Statements
$441,977
Total Revenue per Audited Statements
$441,977
Total Revenue per Form 990
$441,977
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$390,969
Salaries, Compensation, and Employee Benefits$105,051
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$81,462--$81,462
Interest$57,208--$57,208
Depreciation Depletion$43,700--$43,700
Fees for Services Management$27,470--$27,470
All Other Expenses$25,962--$25,962
Insurance$21,354--$21,354
Other Expenses$18,543--$18,543
Office Expenses$15,465--$15,465
Other Employee Benefits$12,438--$12,438
Payroll Taxes$8,971--$8,971
Fees for Services Accounting$8,480--$8,480
Pension Plan Contributions$2,180--$2,180
Advertising$1,986--$1,986
Conferences and Meetings$1,681--$1,681
Total Functional Expenses$496,020$0$0$496,020

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$496,020
Total Expenses per Audited Statements$496,020
Total Expenses per Form 990$496,020
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$8,527
Accrued Interest Payable$4,714
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
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The board of directors reviews the audit before it is finalized. All of the information in the 990 is based upon this audited and reviewed information.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The form 990 and all related financial and policy information are made available to the public upon request (written or in person).”

Form 990, Part VII, Section A, Line 1A, Column B

“Average hours per week for board of directorsall of the officers and directors listed in part vii, section a performsimilar duties and have similar responsibilities for related organizations as they do for this organization. Their total hoursworked per week for this organization are similar to their hours workedfor related organizations both in terms of number of hours and type ofwork performed.”

Filing and Contact Details

Filer

Filer Name
Indiana Oic Senior Housing Inc
EIN
31-1135807
Phone
6096468861
Address
2504 EAST 28TH STREET, INDIANAPOLIS, IN 46218

Signing Officer

Name
Ronald J Harper Esq
Title
Chairman
Signed
2019-05-11
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
In
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
David J Ardoin CPA Pc
Address
18449 CROWNSGATE CIR, GERMANTOWN, MD 20874-4425
Preparer
David J Ardoin
Phone
3015190012
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“Oversight of auditing functionthe management company receives a copy of the audit. Prior to thefinalization of the audit, a copy 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 dtermination as to whether to maintain this relationship of change to a new auditing firm.”

Financial Statement Notes

Part X : FIN48 Footnote

“Accounting for uncertainty in income taxes Accounting Standards Codification (ASC) Topic 740 (ASC740), Income Taxes, prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and provides guidance on recognition, classification, interest and penalties, disclosure, and transition. It is management's belief that the Corporation does not hold any uncertain tax position. The Corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. At a minimum, the December 31, 2015 through 2017 tax years are open for examination by taxing authorities.”

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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/OtherLiabilitiesGrp/EOYAmt013241
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IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/Desc1OTHER
IRS990/OtherRevenueMiscGrp/Desc2TENANT CHARGES
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1685
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2258
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1685
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2258
IRS990/OtherRevenueTotalAmt02373
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt081462
IRS990/OtherSalariesAndWagesGrp/TotalAmt081462
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt08971
IRS990/PayrollTaxesGrp/TotalAmt08971
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02180
IRS990/PensionPlanContributionsGrp/TotalAmt02180
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05886
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06334
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0115154
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0115154
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0306763
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0163
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0358099
IRS990/PYOtherRevenueAmt01623
IRS990/PYProgramServiceRevenueAmt0115293
IRS990/PYRevenuesLessExpensesAmt0-22545
IRS990/PYSalariesCompEmpBnftPaidAmt088288
IRS990/PYTotalExpensesAmt0446387
IRS990/PYTotalRevenueAmt0423842
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-54043
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0115154
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SCHEDULE A, PART II, LINE 10:MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Additional Supplemental Information
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0324201
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0306763
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0309116
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0301576
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0294718
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01536374
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0163
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt047
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0316
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0115154
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0115293
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0123762
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0122128
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0119994
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0596331
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0163
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0316
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01623
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt08102
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02138
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03221
IRS990ScheduleA/OtherIncome509Grp/TotalAmt015084
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY509Pct00.99280
IRS990ScheduleA/PublicSupportPY509Pct00.97930
IRS990ScheduleA/PublicSupportTotal509Amt02132705
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0423704
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0414712
IRS990ScheduleA/Total509Grp/TotalAmt02132705
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0439355
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0423842
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0441041
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0425889
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0417978
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02148105
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0369795
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0978120
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01347915
IRS990ScheduleD/EquipmentGrp/BookValueAmt012201
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0158777
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0170978
IRS990ScheduleD/ExpensesSubtotalAmt0496020
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt020568
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020568
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt018385
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt171334
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt29455
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04714
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18527
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0441977
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting for uncertainty in income taxes Accounting Standards Codification (ASC) Topic 740 (ASC740), Income Taxes, prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and provides guidance on recognition, classification, interest and penalties, disclosure, and transition. It is management's belief that the Corporation does not hold any uncertain tax position. The Corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. At a minimum, the December 31, 2015 through 2017 tax years are open for examination by taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0402564
IRS990ScheduleD/TotalBookValueOtherAssetsAmt099174
IRS990ScheduleD/TotalExpensesPerForm990Amt0496020
IRS990ScheduleD/TotalLiabilityAmt013241
IRS990ScheduleD/TotalRevenuePerForm990Amt0441977
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0441977
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS THE AUDIT BEFORE IT IS FINALIZED. ALL OF THE INFORMATION IN THE 990 IS BASED UPON THIS AUDITED AND REVIEWED INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST (WRITTEN OR IN PERSON).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OVERSIGHT OF AUDITING FUNCTIONTHE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THEFINALIZATION OF THE AUDIT, A COPY 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 DTERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OF CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVERAGE HOURS PER WEEK FOR BOARD OF DIRECTORSALL OF THE OFFICERS AND DIRECTORS LISTED IN PART VII, SECTION A PERFORMSIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURSWORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKEDFOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OFWORK PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 2: Change of Oversight or Selection Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd7N/A

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