Civic Intelligence

Villa Mechelangelo Inc.

990 • Fiscal year 2017 • EIN 31-1587460

Oct 01, 2016 to Sep 30, 2017 • Filed on Jan 23, 2018

Organization ProfileN/A
72 Marginal StreetEast Boston, 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.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

7.50x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

59th percentile

6.1%

Higher net margin than 59% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

19th percentile

-3.9%

Faster asset growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

82nd percentile

33%

Faster revenue growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$5,748,777

Down $232,898 (-3.9%) from 2016

Net Assets

Up

-$1,882,936

Up $62,047 (+3.2%) from 2016

Liabilities

Down

$7,631,713

Down $294,945 (-3.7%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin59th percentile

Revenue

Up

$1,018,015

Up $253,322 (+33%) from 2016

Expenses

Up

$955,968

Up $64,859 (+7.3%) from 2016

Net Income

Up

$62,047

Up $188,463 (+149%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth19th 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

2017

Assets$5,748,777
Liabilities$7,631,713
Net Assets-$1,882,936
Open 2017 Filing

Operations Trend

Revenue Growth82nd 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

2017

Revenue$1,018,015
Expenses$955,968
Net Income$62,047
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 23, 2018
Return Version
2016v3.0
Gross Receipts
$1,018,015
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$5,429,284$5,226,281▼ $203,003
Savings and Temporary Cash Investments$522,163$502,994▼ $19,169
Cash and Non-Interest-Bearing Accounts$24,880$9,864▼ $15,016
Accounts Receivable$3,751$6,475▲ $2,724
Prepaid Expenses and Deferred Charges$1,597$3,163▲ $1,566
Total Assets$5,981,675$5,748,777▼ $232,898
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,780,100$7,530,100▼ $250,000
Accounts Payable and Accrued Expenses$112,254$73,397▼ $38,857
Other Liabilities$24,562$24,754▲ $192
Deferred Revenue$9,742$3,462▼ $6,280
Total Liabilities$7,926,658$7,631,713▼ $294,945
Net Assets / Fund Balance
Unrestricted Net Assets$-1,944,983$-1,882,936▲ $62,047
Total Net Assets Fund Balance$-1,944,983$-1,882,936▲ $62,047
Total Liabilities and Net Assets / Fund Balance$5,981,675$5,748,777▼ $232,898

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,124,445$3,459,893$8,584,338
Equipment$31,669$101,093$132,762
Other Land Buildings$27,166$62,306$89,472
Land$43,001-$43,001
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$250,000
Program Service Revenue
$764,043
Investment Income
$36
Other Revenue
$3,936
All Other Contributions
$250,000
Change in Net Assets
$62,047

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,018,015
Total Revenue per Audited Statements
$1,018,015
Total Revenue per Form 990
$1,018,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$955,968
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$265,280$0$0$265,280
Fees for Services Management$125,810$118,620$0$244,430
Depreciation Depletion$240,286$0$0$240,286
All Other Expenses$67,099$3,560$0$70,659
Office Expenses$0$27,946$0$27,946
Fees for Services Accounting$0$13,164$0$13,164
Other Expenses$10,513$879$0$11,392
Fees for Services Legal$0$4,070$0$4,070
Insurance$2,268$0$0$2,268
Total Functional Expenses$784,843$171,125$0$955,968

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$955,968
Total Expenses per Audited Statements$955,968
Total Expenses per Form 990$955,968
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$24,754
Governance and Compliance

Governance Checklist

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

Filer

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

Signing Officer

Name
Albert Festa
Title
Finance Director
Phone
6175695590
Signed
2018-01-23
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
Timothy F Hagan 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”

Pt XI

“The organization was required to remit excess residual receipts to hud.”

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 26648. 26648. 0. 0.”

Form 990, Part IX, Line 24E

“Exterminating contract 2475. 2475. 0. 0.”

Form 990, Part IX, Line 24E

“Plumbing contract 556. 556. 0. 0.”

Form 990, Part IX, Line 24E

“Electrical contract 2575. 2575. 0. 0.”

Form 990, Part IX, Line 24E

“Repair contract 5748. 5748. 0. 0.”

Form 990, Part IX, Line 24E

“Security payroll/contract 572. 572. 0. 0.”

Form 990, Part IX, Line 24E

“Sprinkler contract 1495. 1495. 0. 0.”

Form 990, Part IX, Line 24E

“Alarm contract 5393. 5393. 0. 0.”

Form 990, Part IX, Line 24E

“Heating and cooling repairs 12736. 12736. 0. 0.”

Form 990, Part IX, Line 24E

“Snow removal 6920. 6920. 0. 0.”

Form 990, Part IX, Line 24E

“Garbage and trash removal 1981. 1981. 0. 0.”

Form 990, Part IX, Line 24E

“Management consultants 3560. 0. 3560. 0.”

Raw XML AppendixShowing 400 of 518 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/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDES HOUSING TO LOW AND
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07780100
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07530100
IRS990/NetAssetsOrFundBalancesBOYAmt0-1944983
IRS990/NetAssetsOrFundBalancesEOYAmt0-1882936
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt0265280
IRS990/OccupancyGrp/TotalAmt0265280
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt027946
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt027946
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-40188
IRS990/OtherExpensesGrp/Desc0RESIDUAL RECEIPTS RECAPTURE
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/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22886
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3879
IRS990/OtherExpensesGrp/ProgramServicesAmt040188
IRS990/OtherExpensesGrp/ProgramServicesAmt114332
IRS990/OtherExpensesGrp/ProgramServicesAmt219067
IRS990/OtherExpensesGrp/ProgramServicesAmt310513
IRS990/OtherExpensesGrp/TotalAmt040188
IRS990/OtherExpensesGrp/TotalAmt114332
IRS990/OtherExpensesGrp/TotalAmt221953
IRS990/OtherExpensesGrp/TotalAmt311392
IRS990/OtherLiabilitiesGrp/BOYAmt024562
IRS990/OtherLiabilitiesGrp/EOYAmt024754
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03866
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt170
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03866
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt170
IRS990/OtherRevenueTotalAmt03936
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01597
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03163
IRS990/PrincipalOfficerNm0ALBERT FESTA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENTIAL RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0764043
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0151
IRS990/PYOtherExpensesAmt0891109
IRS990/PYOtherRevenueAmt03322
IRS990/PYProgramServiceRevenueAmt0761220
IRS990/PYRevenuesLessExpensesAmt0-126416
IRS990/PYTotalExpensesAmt0891109
IRS990/PYTotalRevenueAmt0764693
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt062047
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0767979
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0522163
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0502994
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0250000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0250000
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt036
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0151
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0181
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt095
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0332
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0795
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0767979
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0764542
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0738389
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0784421
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0679315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03734646
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt036
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0151
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0181
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt095
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0332
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0795
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt03984646
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01017979
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0764542
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0738389
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0784421
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0679315
IRS990ScheduleA/Total509Grp/TotalAmt03984646
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03985441
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/BuildingsGrp/BookValueAmt05124445
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03459893
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08584338
IRS990ScheduleD/EquipmentGrp/BookValueAmt031669
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0101093
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0132762
IRS990ScheduleD/ExpensesSubtotalAmt0955968
IRS990ScheduleD/LandGrp/BookValueAmt043001
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt043001
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt027166
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt062306
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt089472
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024754
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01018015
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05226281
IRS990ScheduleD/TotalExpensesPerForm990Amt0955968
IRS990ScheduleD/TotalLiabilityAmt024754
IRS990ScheduleD/TotalRevenuePerForm990Amt01018015
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01018015
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0955968
IRS990/ScheduleJRequiredInd0false
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/ExplanationTxt6THE ORGANIZATION WAS REQUIRED TO REMIT EXCESS RESIDUAL RECEIPTS TO HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Laundry Income
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Advertising
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Fuel
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Electricity
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Property & Liability Insurance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Contracted Services
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Management Fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Real Estate Taxes
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Water and Sewer
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Security
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Tenant Security Deposit Interest
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Accounts Receivable - Net
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Prepaids
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Accounts Payable & Accrued Expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21CAPITAL ADVANCES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22TENANT SECURITY DEPOSITS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23MORTGAGE NOTES PAYABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24ADVANCE FROM AFFILIATE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25ELEVATOR MAINTENANCE 26648. 26648. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26EXTERMINATING CONTRACT 2475. 2475. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt27PLUMBING CONTRACT 556. 556. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt28ELECTRICAL CONTRACT 2575. 2575. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt29REPAIR CONTRACT 5748. 5748. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt30SECURITY PAYROLL/CONTRACT 572. 572. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31SPRINKLER CONTRACT 1495. 1495. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt32ALARM CONTRACT 5393. 5393. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt33HEATING AND COOLING REPAIRS 12736. 12736. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt34SNOW REMOVAL 6920. 6920. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt35GARBAGE AND TRASH REMOVAL 1981. 1981. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt36MANAGEMENT CONSULTANTS 3560. 0. 3560. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,748,777
Liabilities
$7,631,713
Net assets
-$1,882,936
Revenue
$1,018,015
Expenses
$955,968
Net income
$62,047
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