Civic Intelligence

Blanchester Friends Housing Inc.

990 • Fiscal year 2016 • EIN 31-1312862

Oct 01, 2015 to Sep 30, 2016 • Filed on Jan 31, 2017

Organization ProfileN/A
901 Cherry StreetBlanchester, OH 45107

(937) 783-2537

Siviq Scores

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

Liabilities / Assets

95th percentile

1.35x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

3.17x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

31st percentile

-3.9%

Higher net margin than 31% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

60th percentile

4.3%

Faster asset growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

52nd percentile

3.3%

Faster revenue growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$2,237,490

Up $92,146 (+4.3%) from 2015

Net Assets

Down

-$791,556

Down $37,635 (-5.0%) from 2015

Liabilities

Up

$3,029,046

Up $129,781 (+4.5%) from 2015

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin31st percentile

Revenue

Up

$955,326

Up $30,642 (+3.3%) from 2015

Expenses

Up

$992,961

Up $3,806 (+0.4%) from 2015

Net Income

Up

-$37,635

Up $26,836 (+42%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2010: $2,646,590Liabilities 2010: $3,057,986Net Assets 2010: -$411,3962010Assets 2012: $2,624,587Liabilities 2012: $2,943,685Net Assets 2012: -$319,0982012Assets 2013: $2,588,964Liabilities 2013: $2,895,766Net Assets 2013: -$306,8022013Assets 2014: $2,188,931Liabilities 2014: $2,878,381Net Assets 2014: -$689,4502014Assets 2015: $2,145,344Liabilities 2015: $2,899,265Net Assets 2015: -$753,9212015Assets 2016: $2,237,490Liabilities 2016: $3,029,046Net Assets 2016: -$791,5562016Assets 2017: $2,041,728Liabilities 2017: $2,839,868Net Assets 2017: -$798,1402017Assets 2018: $1,941,966Liabilities 2018: $2,774,537Net Assets 2018: -$832,5712018Assets 2019: $1,946,650Liabilities 2019: $2,794,472Net Assets 2019: -$847,8222019Assets 2020: $1,729,209Liabilities 2020: $2,710,385Net Assets 2020: -$981,1762020Assets 2021: $1,010,375Liabilities 2021: $1,091,633Net Assets 2021: -$81,2582021Assets 2022: $873,090Liabilities 2022: $1,143,885Net Assets 2022: -$270,7952022Assets 2023: $718,348Liabilities 2023: $1,242,212Net Assets 2023: -$523,8642023Assets 2024: $959,278Liabilities 2024: $16,657Net Assets 2024: $942,6212024

Highlighted filing

2016

Assets$2,237,490
Liabilities$3,029,046
Net Assets-$791,556
Open 2016 Filing

Operations Trend

Revenue Growth52nd percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $842,2372010Expenses 2012: $860,4932012Expenses 2013: $903,1802013Revenue 2014: $885,083Expenses 2014: $971,876Net Income 2014: -$86,7932014Revenue 2015: $924,684Expenses 2015: $989,155Net Income 2015: -$64,4712015Revenue 2016: $955,326Expenses 2016: $992,961Net Income 2016: -$37,6352016Revenue 2017: $1,012,761Expenses 2017: $1,019,345Net Income 2017: -$6,5842017Revenue 2018: $972,525Expenses 2018: $1,006,956Net Income 2018: -$34,4312018Revenue 2019: $976,284Expenses 2019: $991,535Net Income 2019: -$15,2512019Revenue 2020: $839,330Expenses 2020: $972,684Net Income 2020: -$133,3542020Revenue 2021: $1,295,140Expenses 2021: $691,443Net Income 2021: $603,6972021Revenue 2022: $289,049Expenses 2022: $478,586Net Income 2022: -$189,5372022Revenue 2023: $188,699Expenses 2023: $441,768Net Income 2023: -$253,0692023Revenue 2024: $1,513,551Expenses 2024: $101,531Net Income 2024: $1,412,0202024

Highlighted filing

2016

Revenue$955,326
Expenses$992,961
Net Income-$37,635
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jan 31, 2017
Return Version
2015v3.0
Gross Receipts
$955,326
Mission and Program Overview

Mission

Improves the lives of older adults through innovative quality senior living communities and through community services to older adults.

To provide low-income housing for low-income residents of warren and clinton counties

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,542,968$1,534,740▼ $8,228
Investments Program Related$357,460$411,566▲ $54,106
Intangible Assets$107,236$102,106▼ $5,130
Cash and Non-Interest-Bearing Accounts$41,514$82,688▲ $41,174
Prepaid Expenses and Deferred Charges$25,102$25,565▲ $463
Accounts Receivable$11,527$16,789▲ $5,262
Total Assets$2,145,344$2,237,490▲ $92,146
Other Assets Total$59,537$64,036▲ $4,499
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,640,342$2,577,506▼ $62,836
Other Liabilities$112,173$300,209▲ $188,036
Accounts Payable and Accrued Expenses$120,944$127,408▲ $6,464
Escrow Account Liability$25,806$23,923▼ $1,883
Total Liabilities$2,899,265$3,029,046▲ $129,781
Net Assets / Fund Balance
Unrestricted Net Assets$-753,921$-791,556▼ $37,635
Total Net Assets Fund Balance$-753,921$-791,556▼ $37,635
Total Liabilities and Net Assets / Fund Balance$2,145,344$2,237,490▲ $92,146

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,230,863$2,888,116$4,118,979
Equipment$153,149$302,339$455,488
Land$148,949-$148,949
Other Land Buildings$1,779$27,616$29,395
Investment Program Related Org$12,533--
Other Assets Org$11,684--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Cindy SuttonPresident
Judy BrumbaughVice President
Carolyn MatthewsDirector
Fred MatthewsDirector
Gladys MelvinDirector
Janet AchorDirector
Phyllis CareyDirector
Stephanie HowardSecretary
Mary DavisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$556,232
Program Service Revenue
$370,871
Investment Income
$6
Other Revenue
$28,217
Change in Net Assets
$-37,635

Audited Revenue Reconciliation

Revenue per Audited Statements
$955,326
Total Revenue per Audited Statements
$955,326
Total Revenue per Form 990
$955,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$992,961
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$163,242$0$0$163,242
Other Expenses$139,099$0$0$139,099
Depreciation Depletion$137,059$0$0$137,059
All Other Expenses$134,761$1,077$0$135,838
Fees for Services Management$0$59,980$0$59,980
Insurance$23,275$0$0$23,275
Office Expenses$0$20,555$0$20,555
Fees for Services Accounting$0$9,688$0$9,688
Conferences and Meetings$0$3,219$0$3,219
Fees for Services Legal$0$621$0$621
Total Functional Expenses$897,821$95,140$0$992,961

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$992,961
Total Expenses per Audited Statements$992,961
Total Expenses per Form 990$992,961
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
Advances-Management Company$277,072
Prepaid land lease$19,018
Prepaid revenue-HUD$4,119
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Blanchester Friends Housing Inc
EIN
31-1312862
Phone
9377832537
Address
901 CHERRY STREET, BLANCHESTER, OH 45107

Signing Officer

Name
Cindy Sutton
Title
President
Phone
9377832537
Signed
2017-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Sutton
Formed
1988
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Locey Cecil & Associates Ltd
Address
4760 Red Bank Expressway Suite 216, CINCINNATI, OH 45227
Preparer
Michelle R Locey CPA
Phone
5132813333
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Fred and Carolyn Matthews are married, and both on the board of directors.”

Pt VI, Line 3

“The Organization entered into a contract with ERH AFFORDABLE LIVING, LLC to manage the Project as of July 1, 2015.”

Pt VI, Line 11B

“The auditor sends a draft copy to the President of the Board who then distributes copies to the directors for their review. Once the tax return is approved, the auditor files the return electronically upon proper authorization.”

Pt VI, Line 7A

“The board has the power to elect and appoint new board members.”

Pt VI, Line 19

“The Form 990 and all related financial and policy information are made available to the public upon written request.”

Pt VI, Line 8A

“Meetings were held but no documentation was maintained.”

Pt VI, Line 8B

“Meetings were held but no documentation was maintained.”

Form 990, Part IX, Line 24E

“Mortgage insurance premium 13244. 13244. 0. 0.”

Form 990, Part IX, Line 24E

“Operating supplies 36457. 36457. 0. 0.”

Form 990, Part IX, Line 24E

“Contracted services 64659. 64659. 0. 0.”

Form 990, Part IX, Line 24E

“Bad debts 2034. 2034. 0. 0.”

Form 990, Part IX, Line 24E

“Service coordinator expenses 9009. 9009. 0. 0.”

Form 990, Part IX, Line 24E

“HVAC 385. 385. 0. 0.”

Form 990, Part IX, Line 24E

“Snow removal 2789. 2789. 0. 0.”

Form 990, Part IX, Line 24E

“Vehicle & maint equip 1007. 1007. 0. 0.”

Form 990, Part IX, Line 24E

“Misc operating/maint. 863. 863. 0. 0.”

Form 990, Part IX, Line 24E

“Garbage/trash removal 4314. 4314. 0. 0.”

Form 990, Part IX, Line 24E

“Dues and subscriptions 1077. 0. 1077. 0.”

Financial Statement Notes

Pt IV, Line 2B

“As required by HUD, resident security deposits are held in trust in an escrow account. The escrow account is listed on the balance sheet of form , Part IV, as escrow account liabilities”

Pt X, Line 2

“Income taxes the corporation is exempt from federalincome tax under section 501 c (3) of the internal revenuecode and has been classified as an- other-than privatefoundation. Accordingly, no provision for federal and statetaxes on revenue and income has been recognized in theaccompanying financial statements.”

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IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt020555
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt059537
IRS990/OtherAssetsTotalGrp/EOYAmt064036
IRS990/OtherExpensesGrp/Desc0Utilities
IRS990/OtherExpensesGrp/Desc1Elderly Care
IRS990/OtherExpensesGrp/Desc2Real Estate Taxes
IRS990/OtherExpensesGrp/Desc3Contracted Personnel
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0174870
IRS990/OtherExpensesGrp/ProgramServicesAmt157672
IRS990/OtherExpensesGrp/ProgramServicesAmt267843
IRS990/OtherExpensesGrp/ProgramServicesAmt3139099
IRS990/OtherExpensesGrp/TotalAmt0174870
IRS990/OtherExpensesGrp/TotalAmt157672
IRS990/OtherExpensesGrp/TotalAmt267843
IRS990/OtherExpensesGrp/TotalAmt3139099
IRS990/OtherLiabilitiesGrp/BOYAmt0112173
IRS990/OtherLiabilitiesGrp/EOYAmt0300209
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0Tenant Charges
IRS990/OtherRevenueMiscGrp/Desc1Laundry & Vending
IRS990/OtherRevenueMiscGrp/Desc2Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt016941
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt110156
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21120
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt016941
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt110156
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21120
IRS990/OtherRevenueTotalAmt028217
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025102
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025565
IRS990/PrincipalOfficerNm0CINDY SUTTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0370871
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0114
IRS990/PYOtherExpensesAmt0989155
IRS990/PYOtherRevenueAmt022538
IRS990/PYProgramServiceRevenueAmt0902032
IRS990/PYRevenuesLessExpensesAmt0-64471
IRS990/PYTotalExpensesAmt0989155
IRS990/PYTotalRevenueAmt0924684
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-37635
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0399088
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: OTHER INCOME 2011: 27167. 2012: 26705. 2013: 26282. 2014: 0. 2015: 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0556232
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0516401
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0549646
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0585734
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02208013
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0114
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt035
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0178
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0245
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0578
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0399088
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0924570
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0342365
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0338947
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0292057
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02297027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0114
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0178
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0245
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0578
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt026282
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt026705
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt027167
IRS990ScheduleA/OtherIncome509Grp/TotalAmt080154
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.98240
IRS990ScheduleA/PublicSupportPY509Pct00.97650
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt04505040
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0955320
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0924570
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0858766
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0888593
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0877791
IRS990ScheduleA/Total509Grp/TotalAmt04505040
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04585772
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01230863
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02888116
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04118979
IRS990ScheduleD/EquipmentGrp/BookValueAmt0153149
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0302339
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0455488
IRS990ScheduleD/ExpensesSubtotalAmt0992961
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0399033
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt112533
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Replacement reserve
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Residual receipts reserve
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0148949
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0148949
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt025828
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt116034
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt210490
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt311684
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant deposits held in trust
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Escrow deposits-property tax
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Escrow deposits-liability insurance
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Escrow deposits-mortgage insurance
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01779
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027616
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt029395
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04119
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119018
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2277072
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Prepaid revenue-HUD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Prepaid land lease
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Advances-Management Company
IRS990ScheduleD/RevenueSubtotalAmt0955326
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0As required by HUD, resident security deposits are held in trust in an escrow account. The escrow account is listed on the balance sheet of form , Part IV, as escrow account liabilities
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME TAXES THE CORPORATION IS EXEMPT FROM FEDERALINCOME TAX UNDER SECTION 501 C (3) OF THE INTERNAL REVENUECODE AND HAS BEEN CLASSIFIED AS AN- OTHER-THAN PRIVATEFOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATETAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THEACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV, Line 2b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01534740
IRS990ScheduleD/TotalBookValueOtherAssetsAmt064036
IRS990ScheduleD/TotalBookValueProgramRltdAmt0411566
IRS990ScheduleD/TotalExpensesPerForm990Amt0992961
IRS990ScheduleD/TotalLiabilityAmt0300209
IRS990ScheduleD/TotalRevenuePerForm990Amt0955326
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0955326
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0992961
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Fred and Carolyn Matthews are married, and both on the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization entered into a contract with ERH AFFORDABLE LIVING, LLC to manage the Project as of July 1, 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The auditor sends a draft copy to the President of the Board who then distributes copies to the directors for their review. Once the tax return is approved, the auditor files the return electronically upon proper authorization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board has the power to elect and appoint new board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Form 990 and all related financial and policy information are made available to the public upon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Meetings were held but no documentation was maintained.

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,237,490
Liabilities
$3,029,046
Net assets
-$791,556
Revenue
$955,326
Expenses
$992,961
Net income
-$37,635
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.96$0.02$0.94$1.51$0.10$1.41
2023Detailed filing. Detailed filing data is available for this year.$0.72$1.24$0.52$0.19$0.44$0.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$1.14$0.27$0.29$0.48$0.19
2021Detailed filing. Detailed filing data is available for this year.$1.01$1.09$0.08$1.30$0.69$0.60
2020Detailed filing. Detailed filing data is available for this year.$1.73$2.71$0.98$0.84$0.97$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.95$2.79$0.85$0.98$0.99$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.94$2.77$0.83$0.97$1.01$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.04$2.84$0.80$1.01$1.02$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.24$3.03$0.79$0.96$0.99$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.15$2.90$0.75$0.92$0.99$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.19$2.88$0.69$0.89$0.97$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$2.90$0.31$0.90
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$2.94$0.32$0.86
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$3.06$0.41$0.84