Civic Intelligence

Villa Mechelangelo Inc.

990 • Fiscal year 2016 • EIN 31-1587460

Oct 01, 2015 to Sep 30, 2016 • Filed on Jun 27, 2017

Organization ProfileN/A
72 Marginal StreetBoston, MA 02128-2135

(617) 569-5590

Siviq Scores

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

Liabilities / Assets

96th percentile

1.33x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

10.37x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

34th percentile

-1.6%

Faster asset growth than 34% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

52nd percentile

3.5%

Faster revenue growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$5,981,675

Down $98,868 (-1.6%) from 2015

Net Assets

Down

-$1,944,983

Down $175,663 (-9.9%) from 2015

Liabilities

Up

$7,926,658

Up $76,795 (+1.0%) from 2015

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin15th percentile

Revenue

Up

$764,693

Up $26,123 (+3.5%) from 2015

Expenses

Up

$891,109

Up $52,300 (+6.2%) from 2015

Net Income

Down

-$126,416

Down $26,177 (-26%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $6,821,659Liabilities 2010: $7,926,977Net Assets 2010: -$1,105,3182010Assets 2011: $6,646,741Liabilities 2011: $7,897,300Net Assets 2011: -$1,250,5592011Assets 2012: $6,508,936Liabilities 2012: $7,902,856Net Assets 2012: -$1,393,9202012Assets 2013: $6,277,046Liabilities 2013: $7,858,767Net Assets 2013: -$1,581,7212013Assets 2014: $6,193,805Liabilities 2014: $7,862,886Net Assets 2014: -$1,669,0812014Assets 2015: $6,080,543Liabilities 2015: $7,849,863Net Assets 2015: -$1,769,3202015Assets 2016: $5,981,675Liabilities 2016: $7,926,658Net Assets 2016: -$1,944,9832016Assets 2017: $5,748,777Liabilities 2017: $7,631,713Net Assets 2017: -$1,882,9362017Assets 2018: $5,572,669Liabilities 2018: $7,609,609Net Assets 2018: -$2,036,9402018Assets 2019: $5,437,766Liabilities 2019: $7,632,346Net Assets 2019: -$2,194,5802019Assets 2020: $5,233,210Liabilities 2020: $7,622,453Net Assets 2020: -$2,389,2432020Assets 2021: $5,071,823Liabilities 2021: $7,652,574Net Assets 2021: -$2,580,7512021Assets 2022: $4,954,441Liabilities 2022: $7,686,957Net Assets 2022: -$2,732,5162022Assets 2023: $4,754,755Liabilities 2023: $7,744,659Net Assets 2023: -$2,989,9042023Assets 2024: $4,553,716Liabilities 2024: $7,730,286Net Assets 2024: -$3,176,5702024

Highlighted filing

2016

Assets$5,981,675
Liabilities$7,926,658
Net Assets-$1,944,983
Open 2016 Filing

Operations Trend

Revenue Growth52nd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $789,8352010Expenses 2011: $816,1332011Expenses 2012: $831,6862012Expenses 2013: $867,4482013Revenue 2014: $784,516Expenses 2014: $871,876Net Income 2014: -$87,3602014Revenue 2015: $738,570Expenses 2015: $838,809Net Income 2015: -$100,2392015Revenue 2016: $764,693Expenses 2016: $891,109Net Income 2016: -$126,4162016Revenue 2017: $1,018,015Expenses 2017: $955,968Net Income 2017: $62,0472017Revenue 2018: $771,993Expenses 2018: $925,997Net Income 2018: -$154,0042018Revenue 2019: $763,677Expenses 2019: $921,317Net Income 2019: -$157,6402019Revenue 2020: $775,810Expenses 2020: $970,473Net Income 2020: -$194,6632020Revenue 2021: $764,121Expenses 2021: $955,629Net Income 2021: -$191,5082021Revenue 2022: $821,611Expenses 2022: $973,376Net Income 2022: -$151,7652022Revenue 2023: $844,078Expenses 2023: $1,101,466Net Income 2023: -$257,3882023Revenue 2024: $1,018,624Expenses 2024: $1,205,290Net Income 2024: -$186,6662024

Highlighted filing

2016

Revenue$764,693
Expenses$891,109
Net Income-$126,416
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jun 27, 2017
Return Version
2015v3.0
Gross Receipts
$764,693
Mission and Program Overview

Mission

Provides housing to low and

Provides housing to low and moderate income elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,577,655$5,429,284▼ $148,371
Savings and Temporary Cash Investments$486,943$522,163▲ $35,220
Cash and Non-Interest-Bearing Accounts$6,119$24,880▲ $18,761
Accounts Receivable$8,239$3,751▼ $4,488
Prepaid Expenses and Deferred Charges$1,587$1,597▲ $10
Total Assets$6,080,543$5,981,675▼ $98,868
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,780,100$7,780,100→ $0
Accounts Payable and Accrued Expenses$39,457$112,254▲ $72,797
Other Liabilities$23,297$24,562▲ $1,265
Deferred Revenue$7,009$9,742▲ $2,733
Total Liabilities$7,849,863$7,926,658▲ $76,795
Net Assets / Fund Balance
Unrestricted Net Assets$-1,769,320$-1,944,983▼ $175,663
Total Net Assets Fund Balance$-1,769,320$-1,944,983▼ $175,663
Total Liabilities and Net Assets / Fund Balance$6,080,543$5,981,675▼ $98,868

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,334,700$3,234,559$8,569,259
Equipment$36,026$92,907$128,933
Other Land Buildings$15,557$55,539$71,096
Land$43,001-$43,001
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Dianne ValkoPresident
0Director
Barbara MalderoDirector
Daniel WilsonDirector
Diane TansoDirector
Dianne ValkoDirector
Peter ScolaroDirector
Victor BrognaDirector
Zolla FeldmanDirector
Peter ScolaroSecretary
James LuisiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$761,220
Investment Income
$151
Other Revenue
$3,322
Change in Net Assets
$-126,416

Audited Revenue Reconciliation

Revenue per Audited Statements
$764,693
Total Revenue per Audited Statements
$764,693
Total Revenue per Form 990
$764,693
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$891,109
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
Occupancy$254,495$0$0$254,495
Depreciation Depletion$235,113$0$0$235,113
All Other Expenses$71,171$0$0$71,171
Fees for Services Management$49,716$0$0$49,716
Fees for Services Accounting$0$22,269$0$22,269
Office Expenses$20,708$0$0$20,708
Other Expenses$17,988$0$0$17,988
Fees for Services Legal$0$7,870$0$7,870
Insurance$1,499$1,000$0$2,499
Total Functional Expenses$789,536$101,573$0$891,109

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$887,905
Total Expenses per Audited Statements$887,905
Total Expenses per Form 990$887,905
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
Tenant Security Deposits$24,562
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Villa Michelangelo Inc
EIN
31-1587460
Phone
6175695590
Address
72 MARGINAL STREET, BOSTON, MA 02128-2135

Signing Officer

Name
Albert Festa
Title
Finance Director
Phone
6175695590
Signed
2017-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Albert Festa
Formed
1998
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Bernard Johnson & Company Pc
Address
15 MAIN STREET, TOPSFIELD, MA 01983
Preparer
Julie a Couto CPA
Phone
9788872220
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

“The day to day operations are managed by a management company”

Pt VI, Line 6

“The organization has three members”

Pt VI, Line 7A

“The organization's members choose the board of directors”

Pt VI, Line 8B

“The board has no committees”

Pt VI, Line 11B

“The form 990 is reviewed at the annual meeting by the board”

Pt VI, Line 12C

“The board periodically reviews the policy”

Form 990EZ, Part I, Line 8

“Laundry Income”

Form 990EZ, Part I, Line 16

“Advertising”

Form 990EZ, Part I, Line 16

“Fuel”

Form 990EZ, Part I, Line 16

“Electricity”

Form 990EZ, Part I, Line 16

“Property & Liability Insurance”

Form 990EZ, Part I, Line 16

“Contracted Services”

Form 990EZ, Part I, Line 16

“Management Fees”

Form 990EZ, Part I, Line 16

“Real Estate Taxes”

Form 990EZ, Part I, Line 16

“Water and Sewer”

Form 990EZ, Part I, Line 16

“Security”

Form 990EZ, Part I, Line 16

“Tenant Security Deposit Interest”

Form 990EZ, Part II, Line 24

“Accounts Receivable - Net”

Form 990EZ, Part II, Line 24

“Prepaids”

Form 990EZ, Part II, Line 26

“Accounts Payable & Accrued Expenses”

Form 990EZ, Part II, Line 26

“CAPITAL ADVANCES”

Form 990EZ, Part II, Line 26

“TENANT SECURITY DEPOSITS”

Form 990EZ, Part II, Line 26

“MORTGAGE NOTES PAYABLE”

Form 990EZ, Part II, Line 26

“ADVANCE FROM AFFILIATE”

Form 990, Part IX, Line 24E

“Elevator maintenance 17716. 17716. 0. 0.”

Form 990, Part IX, Line 24E

“Landscaping contract 1200. 1200. 0. 0.”

Form 990, Part IX, Line 24E

“Decorating contract 8474. 8474. 0. 0.”

Form 990, Part IX, Line 24E

“Exterminating contract 3020. 3020. 0. 0.”

Form 990, Part IX, Line 24E

“Plumbing contract 1848. 1848. 0. 0.”

Form 990, Part IX, Line 24E

“Electrical contract 500. 500. 0. 0.”

Form 990, Part IX, Line 24E

“Janitorial contract 2014. 2014. 0. 0.”

Form 990, Part IX, Line 24E

“Repair contract 4999. 4999. 0. 0.”

Form 990, Part IX, Line 24E

“Security payroll/contract 1051. 1051. 0. 0.”

Form 990, Part IX, Line 24E

“Sprinkler contract 1340. 1340. 0. 0.”

Form 990, Part IX, Line 24E

“Alarm contract 4226. 4226. 0. 0.”

Form 990, Part IX, Line 24E

“Heating and cooling repairs 16059. 16059. 0. 0.”

Form 990, Part IX, Line 24E

“Snow removal 5910. 5910. 0. 0.”

Form 990, Part IX, Line 24E

“Garbage and trash removal 1969. 1969. 0. 0.”

Form 990, Part IX, Line 24E

“BAD DEBT 845. 845. 0. 0.”

Raw XML AppendixShowing 400 of 498 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/MissionDesc0PROVIDES HOUSING TO LOW AND
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IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07780100
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07780100
IRS990/NetAssetsOrFundBalancesBOYAmt0-1769320
IRS990/NetAssetsOrFundBalancesEOYAmt0-1944983
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt0254495
IRS990/OccupancyGrp/TotalAmt0254495
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt020708
IRS990/OfficeExpensesGrp/TotalAmt020708
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt052451
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISC TAXES, LICENSES AND PERMITS
IRS990/OtherExpensesGrp/Desc3MISC ADMIN
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt070434
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0112402
IRS990/OtherExpensesGrp/ProgramServicesAmt114632
IRS990/OtherExpensesGrp/ProgramServicesAmt211812
IRS990/OtherExpensesGrp/ProgramServicesAmt317988
IRS990/OtherExpensesGrp/TotalAmt0182836
IRS990/OtherExpensesGrp/TotalAmt114632
IRS990/OtherExpensesGrp/TotalAmt211812
IRS990/OtherExpensesGrp/TotalAmt317988
IRS990/OtherLiabilitiesGrp/BOYAmt023297
IRS990/OtherLiabilitiesGrp/EOYAmt024562
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03314
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt18
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03314
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18
IRS990/OtherRevenueTotalAmt03322
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01587
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01597
IRS990/PrincipalOfficerNm0ALBERT FESTA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENTIAL RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0761220
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0181
IRS990/PYOtherExpensesAmt0838809
IRS990/PYOtherRevenueAmt03631
IRS990/PYProgramServiceRevenueAmt0734758
IRS990/PYRevenuesLessExpensesAmt0-100239
IRS990/PYTotalExpensesAmt0838809
IRS990/PYTotalRevenueAmt0738570
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-126416
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0764542
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0486943
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0522163
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0181
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt095
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0332
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0418
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01026
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0738389
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0784421
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0679315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0687907
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02890032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0181
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt095
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0332
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0418
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01026
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
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IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt02890032
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0738389
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0784421
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0679315
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0687907
IRS990ScheduleA/Total509Grp/TotalAmt02890032
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02891058
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05334700
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03234559
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08569259
IRS990ScheduleD/EquipmentGrp/BookValueAmt036026
IRS990ScheduleD/EquipmentGrp/DepreciationAmt092907
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0128933
IRS990ScheduleD/ExpensesSubtotalAmt0887905
IRS990ScheduleD/LandGrp/BookValueAmt043001
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt043001
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015557
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055539
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt071096
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024562
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0764693
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05429284
IRS990ScheduleD/TotalExpensesPerForm990Amt0887905
IRS990ScheduleD/TotalLiabilityAmt024562
IRS990ScheduleD/TotalRevenuePerForm990Amt0764693
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0764693
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0887905
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DAY TO DAY OPERATIONS ARE MANAGED BY A MANAGEMENT COMPANY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS THREE MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S MEMBERS CHOOSE THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD HAS NO COMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS REVIEWED AT THE ANNUAL MEETING BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD PERIODICALLY REVIEWS THE POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Laundry Income
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Advertising
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Fuel
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Electricity
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Property & Liability Insurance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Contracted Services
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Management Fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Real Estate Taxes
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Water and Sewer
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Security
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Tenant Security Deposit Interest
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Accounts Receivable - Net
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Prepaids
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Accounts Payable & Accrued Expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20CAPITAL ADVANCES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21TENANT SECURITY DEPOSITS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22MORTGAGE NOTES PAYABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23ADVANCE FROM AFFILIATE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24ELEVATOR MAINTENANCE 17716. 17716. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25LANDSCAPING CONTRACT 1200. 1200. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26DECORATING CONTRACT 8474. 8474. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt27EXTERMINATING CONTRACT 3020. 3020. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt28PLUMBING CONTRACT 1848. 1848. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt29ELECTRICAL CONTRACT 500. 500. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt30JANITORIAL CONTRACT 2014. 2014. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31REPAIR CONTRACT 4999. 4999. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt32SECURITY PAYROLL/CONTRACT 1051. 1051. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt33SPRINKLER CONTRACT 1340. 1340. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt34ALARM CONTRACT 4226. 4226. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt35HEATING AND COOLING REPAIRS 16059. 16059. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt36SNOW REMOVAL 5910. 5910. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt37GARBAGE AND TRASH REMOVAL 1969. 1969. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt38BAD DEBT 845. 845. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part I, Line 16

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$5,981,675
Liabilities
$7,926,658
Net assets
-$1,944,983
Revenue
$764,693
Expenses
$891,109
Net income
-$126,416
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.55$7.73$3.18$1.02$1.21$0.19
2023Detailed filing. Detailed filing data is available for this year.$4.75$7.74$2.99$0.84$1.10$0.26
2022Detailed filing. Detailed filing data is available for this year.$4.95$7.69$2.73$0.82$0.97$0.15
2021Detailed filing. Detailed filing data is available for this year.$5.07$7.65$2.58$0.76$0.96$0.19
2020Detailed filing. Detailed filing data is available for this year.$5.23$7.62$2.39$0.78$0.97$0.19
2019Detailed filing. Detailed filing data is available for this year.$5.44$7.63$2.19$0.76$0.92$0.16
2018Detailed filing. Detailed filing data is available for this year.$5.57$7.61$2.04$0.77$0.93$0.15
2017Detailed filing. Detailed filing data is available for this year.$5.75$7.63$1.88$1.02$0.96$0.06
2016Detailed filing. Detailed filing data is available for this year.$5.98$7.93$1.94$0.76$0.89$0.13
2015Detailed filing. Detailed filing data is available for this year.$6.08$7.85$1.77$0.74$0.84$0.10
2014Detailed filing. Detailed filing data is available for this year.$6.19$7.86$1.67$0.78$0.87$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.28$7.86$1.58$0.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.51$7.90$1.39$0.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.65$7.90$1.25$0.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.82$7.93$1.11$0.79