Civic Intelligence

Caap Housing Inc.

990 • Fiscal year 2022 • EIN 31-1209468

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 07, 2023

Organization ProfileN/A
3266 N Meridian StreetIndianapolis, IN 46208-5731

(317) 396-1800

Siviq Scores

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

Liabilities / Assets

99th percentile

2.93x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

97th percentile

4.63x

Higher debt load relative to revenue than 97% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

92nd percentile

$127,741

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 31.2% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

21st percentile

-10%

Faster asset growth than 21% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

28th percentile

-9.4%

Faster revenue growth than 28% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$647,520

Down $73,045 (-10%) from 2021

Net Assets

Down

-$1,249,045

Down $55,909 (-4.7%) from 2021

Liabilities

Down

$1,896,565

Down $17,136 (-0.9%) from 2021

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin19th percentile

Revenue

Down

$409,407

Down $42,247 (-9.4%) from 2021

Expenses

Up

$465,316

Up $19,701 (+4.4%) from 2021

Net Income

Down

-$55,909

Down $61,948 (-1026%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2010: $1,202,199Liabilities 2010: $2,122,850Net Assets 2010: -$920,6512010Assets 2011: $1,140,124Liabilities 2011: $2,092,560Net Assets 2011: -$952,4362011Assets 2012: $1,106,447Liabilities 2012: $2,069,006Net Assets 2012: -$962,5592012Assets 2013: $1,042,949Liabilities 2013: $2,191,847Net Assets 2013: -$1,148,8982013Assets 2014: $1,022,358Liabilities 2014: $2,149,898Net Assets 2014: -$1,127,5402014Assets 2015: $995,858Liabilities 2015: $2,129,668Net Assets 2015: -$1,133,8102015Assets 2016: $946,813Liabilities 2016: $2,107,149Net Assets 2016: -$1,160,3362016Assets 2017: $873,001Liabilities 2017: $2,068,773Net Assets 2017: -$1,195,7722017Assets 2018: $832,366Liabilities 2018: $2,038,249Net Assets 2018: -$1,205,8832018Assets 2019: $780,062Liabilities 2019: $1,990,041Net Assets 2019: -$1,209,9792019Assets 2020: $763,898Liabilities 2020: $1,963,073Net Assets 2020: -$1,199,1752020Assets 2021: $720,565Liabilities 2021: $1,913,701Net Assets 2021: -$1,193,1362021Assets 2022: $647,520Liabilities 2022: $1,896,565Net Assets 2022: -$1,249,0452022Assets 2023: $625,875Liabilities 2023: $1,910,653Net Assets 2023: -$1,284,7782023Assets 2024: $718,709Liabilities 2024: $2,235,844Net Assets 2024: -$1,517,1352024

Highlighted filing

2022

Assets$647,520
Liabilities$1,896,565
Net Assets-$1,249,045
Open 2022 Filing

Operations Trend

Revenue Growth28th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $448,7442010Expenses 2011: $433,4072011Expenses 2012: $402,0732012Revenue 2013: $388,785Expenses 2013: $575,124Net Income 2013: -$186,3392013Revenue 2014: $395,022Expenses 2014: $373,664Net Income 2014: $21,3582014Revenue 2015: $417,479Expenses 2015: $423,749Net Income 2015: -$6,2702015Revenue 2016: $412,809Expenses 2016: $439,335Net Income 2016: -$26,5262016Revenue 2017: $430,989Expenses 2017: $466,425Net Income 2017: -$35,4362017Revenue 2018: $436,252Expenses 2018: $446,363Net Income 2018: -$10,1112018Revenue 2019: $425,146Expenses 2019: $429,242Net Income 2019: -$4,0962019Revenue 2020: $454,621Expenses 2020: $443,817Net Income 2020: $10,8042020Revenue 2021: $451,654Expenses 2021: $445,615Net Income 2021: $6,0392021Revenue 2022: $409,407Expenses 2022: $465,316Net Income 2022: -$55,9092022Revenue 2023: $449,107Expenses 2023: $484,840Net Income 2023: -$35,7332023Revenue 2024: $480,130Expenses 2024: $712,487Net Income 2024: -$232,3572024

Highlighted filing

2022

Revenue$409,407
Expenses$465,316
Net Income-$55,909
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$409,407
Mission and Program Overview

Mission

Low income housing under hud sec. 207

Low income housing under hud sec. 223

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$480,562$427,503▼ $53,059
Savings and Temporary Cash Investments$147,480$170,923▲ $23,443
Intangible Assets$43,811$42,147▼ $1,664
Prepaid Expenses and Deferred Charges$38,045$3,017▼ $35,028
Cash and Non-Interest-Bearing Accounts$9,457$2,376▼ $7,081
Accounts Receivable$1,210$1,554▲ $344
Total Assets$720,565$647,520▼ $73,045
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,845,543$1,800,022▼ $45,521
Accounts Payable and Accrued Expenses$34,927$60,882▲ $25,955
Other Liabilities$32,972$33,728▲ $756
Deferred Revenue$259$1,933▲ $1,674
Total Liabilities$1,913,701$1,896,565▼ $17,136
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,193,136$-1,249,045▼ $55,909
Total Net Assets Fund Balance$-1,193,136$-1,249,045▼ $55,909
Total Liabilities and Net Assets / Fund Balance$720,565$647,520▼ $73,045

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$374,821$1,287,910$1,662,731
Equipment$12,637$263,244$275,881
Land$40,045-$40,045
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleBaseTotal
Terrence WhiteOfficer$127,741$127,741

Board Members and Trustees

NameTitle
Margaret WardChair
Vop OsiliVice Chair
Al BrackenDirector
Alan HendersonDirector
Annette JohnsonDirector
Armica GasparDirector
Chase CottonDirector
Donell FosterDirector
George BrownDirector
Kelly GunDirector
Larry WilliamsDirector
Monica JonesDirector
Sherry BoudionDirector
Vitian RobinsonDirector
Kelly VaughnSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$404,383
Investment Income
$76
Other Revenue
$4,948
Change in Net Assets
$-55,909

Audited Revenue Reconciliation

Revenue per Audited Statements
$409,407
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$409,407
Total Revenue per Form 990
$409,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$409,026
Salaries, Compensation, and Employee Benefits$56,290
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$92,568--$92,568
Interest$57,372--$57,372
Depreciation Depletion$54,723--$54,723
Other Salaries and Wages$51,567--$51,567
Insurance$38,697--$38,697
Fees for Services Management-$20,880-$20,880
Office Expenses-$14,501-$14,501
Fees for Services Accounting-$14,500-$14,500
All Other Expenses$9,508$3,797-$13,305
Other Expenses$8,208--$8,208
Payroll Taxes$3,785--$3,785
Other Employee Benefits$801$137-$938
Total Functional Expenses$411,501$53,815$0$465,316

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$465,316
Total Expenses per Audited Statements$465,316
Total Expenses per Form 990$465,316
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
Due From Mark Iii Mgmt$16,813
Tenant Security Deposits$12,180
Accrued Mortgage Interest$4,735
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No

Governance Explanations

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

“Caap housing inc.'s form 990 and all related schedules, statements and attachments are reviewed and approved by the president and made available to the board of directors prior to finalizing and filing these returns with the internal revenue service.”

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

“Caap housing, inc. Requires members of the board of directors and applicable staff to complete a questionnaire about possible conflict of interests each year.”

Form 990, Part VI, Section C, Line 19

“Caap housing, inc. Makes its governing documents and financial statements, as applicable, available to the public upon written request received at our corporate office address.”

Filing and Contact Details

Filer

Filer Name
Caap Housing Inc
EIN
31-1209468
Phone
3173961800
Address
3266 N MERIDIAN STREET, INDIANAPOLIS, IN 46208-5731

Signing Officer

Name
Terrence White
Title
Executive Director
Phone
3173961800
Signed
2023-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terrence White
Formed
1987
Legal Domicile
In
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
60

Preparer

Firm
AGRESTA STORMS & O'LEARY PC
Address
5140 COMMERCE CIRCLE, INDIANAPOLIS, IN 46237
Preparer
Joseph Sullivan CPA
Phone
3177809850
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, QUESTION 2C:

“There were no changes to the organization's audit review process.”

Financial Statement Notes

PART X, LINE 2:

“Management has determined that there are no uncertain tax positions that would require recognition in the financial statements. If the corporation were to incur an income tax liability in the future, interest on any income tax liability would be reported as interest expense and penalties on any income tax would be reported as penalties. Management's conclusions regarding uncertain tax positions may be subject to review and adjustment at a later date based on ongoing analysis of tax laws, regulations, and interpretations thereof, as well as other factors. The corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The corporation's management believes it is no longer subject to income tax examinations for years prior to december 31, 2019.”

Raw XML AppendixShowing 400 of 536 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/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LOW INCOME HOUSING UNDER HUD SEC. 223
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01845543
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01800022
IRS990/NetAssetsOrFundBalancesBOYAmt0-1193136
IRS990/NetAssetsOrFundBalancesEOYAmt0-1249045
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1193136
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1249045
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt092568
IRS990/OccupancyGrp/TotalAmt092568
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014501
IRS990/OfficeExpensesGrp/TotalAmt014501
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0137
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0801
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0938
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2SECURITY
IRS990/OtherExpensesGrp/Desc3MORTGAGE INSURANCE PREM
IRS990/OtherExpensesGrp/ProgramServicesAmt053238
IRS990/OtherExpensesGrp/ProgramServicesAmt129548
IRS990/OtherExpensesGrp/ProgramServicesAmt211486
IRS990/OtherExpensesGrp/ProgramServicesAmt38208
IRS990/OtherExpensesGrp/TotalAmt053238
IRS990/OtherExpensesGrp/TotalAmt129548
IRS990/OtherExpensesGrp/TotalAmt211486
IRS990/OtherExpensesGrp/TotalAmt38208
IRS990/OtherLiabilitiesGrp/BOYAmt032972
IRS990/OtherLiabilitiesGrp/EOYAmt033728
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1812300
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02495
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11965
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2488
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02495
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11965
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2488
IRS990/OtherRevenueTotalAmt04948
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt051567
IRS990/OtherSalariesAndWagesGrp/TotalAmt051567
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03785
IRS990/PayrollTaxesGrp/TotalAmt03785
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038045
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03017
IRS990/PrincipalOfficerNm0TERRENCE WHITE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL RECEIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0267357
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1137026
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0267357
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1137026
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt031
IRS990/PYOtherExpensesAmt0387902
IRS990/PYOtherRevenueAmt04747
IRS990/PYProgramServiceRevenueAmt0446876
IRS990/PYRevenuesLessExpensesAmt06039
IRS990/PYSalariesCompEmpBnftPaidAmt057713
IRS990/PYTotalExpensesAmt0445615
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0451654
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-55909
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0409331
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0147480
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0170923
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt076
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt031
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt043
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt080
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0307
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0404383
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0446876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0447759
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0422717
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0430840
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02152575
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt076
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt031
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt077
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt080
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0307
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04948
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04747
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt06819
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02352
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05332
IRS990ScheduleA/OtherIncome509Grp/TotalAmt024198
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98870
IRS990ScheduleA/PublicSupportPY509Pct00.98960
IRS990ScheduleA/PublicSupportTotal509Amt02152575
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0404383
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0446876
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0447759
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0422717
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0430840
IRS990ScheduleA/Total509Grp/TotalAmt02152575
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0409407
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0451654
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0454621
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0425146
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0436252
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02177080
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0374821
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01287910
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01662731
IRS990ScheduleD/EquipmentGrp/BookValueAmt012637
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0263244
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0275881
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0465316
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt040045
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt040045
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012180
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14735
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt216813
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED MORTGAGE INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE FROM MARK III MGMT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0409407
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. IF THE CORPORATION WERE TO INCUR AN INCOME TAX LIABILITY IN THE FUTURE, INTEREST ON ANY INCOME TAX LIABILITY WOULD BE REPORTED AS INTEREST EXPENSE AND PENALTIES ON ANY INCOME TAX WOULD BE REPORTED AS PENALTIES. MANAGEMENT'S CONCLUSIONS REGARDING UNCERTAIN TAX POSITIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED ON ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF, AS WELL AS OTHER FACTORS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE CORPORATION'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2019.

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$647,520
Liabilities
$1,896,565
Net assets
-$1,249,045
Revenue
$409,407
Expenses
$465,316
Net income
-$55,909
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$2.24$1.52$0.48$0.71$0.23
2023Detailed filing. Detailed filing data is available for this year.$0.63$1.91$1.28$0.45$0.48$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.65$1.90$1.25$0.41$0.47$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.72$1.91$1.19$0.45$0.45$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.76$1.96$1.20$0.45$0.44$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.78$1.99$1.21$0.43$0.43$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.83$2.04$1.21$0.44$0.45$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.87$2.07$1.20$0.43$0.47$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.95$2.11$1.16$0.41$0.44$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.00$2.13$1.13$0.42$0.42$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.02$2.15$1.13$0.40$0.37$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.04$2.19$1.15$0.39$0.58$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$2.07$0.96$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$2.09$0.95$0.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$2.12$0.92$0.45