Civic Intelligence

Alice Williams Towers Inc

EIN 31-1595187 • 501(c)3 • Spring Valley, NY

Profile

Providing housing to elderly persons by operating a hud-assisted apartment community regulated under section 202 of the national housing act of 1959.

86 Route 59 EastSpring Valley, NY 10977

n/A

Siviq Scores

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

Liabilities / Assets

50th percentile

0.07x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.16x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

29th percentile

-4.8%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

34th percentile

-1.1%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

69th percentile

21%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Down

$1,772,089

Down $40,607 (-2.2%) from 2022

Liabilities

Down

$117,272

Down $76,200 (-39%) from 2022

Net Assets

Up

$1,654,817

Up $35,593 (+2.2%) from 2022

Revenue

Up

$717,204

Up $223,910 (+45%) from 2022

Expenses

Up

$751,599

Up $168,928 (+29%) from 2022

Net Income

Up

-$34,395

Up $54,982 (+62%) from 2022

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2021: $1,947,428Liabilities 2021: $238,827Net Assets 2021: $1,708,6012021Assets 2022: $1,812,696Liabilities 2022: $193,472Net Assets 2022: $1,619,2242022Assets 2024: $1,772,089Liabilities 2024: $117,272Net Assets 2024: $1,654,8172024

Highlighted filing

2024

Assets$1,772,089
Liabilities$117,272
Net Assets$1,654,817

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2021: $476,415Expenses 2021: $581,645Net Income 2021: -$105,2302021Revenue 2022: $493,294Expenses 2022: $582,671Net Income 2022: -$89,3772022Revenue 2024: $717,204Expenses 2024: $751,599Net Income 2024: -$34,3952024

Highlighted filing

2024

Revenue$717,204
Expenses$751,599
Net Income-$34,395

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 27, 2025
Return Version
2024v5.2
Gross Receipts
$717,204
Mission and Program Overview

Mission

Providing housing to elderly persons by operating a hud-assisted apartment community regulated under section 202 of the national housing act of 1959.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,571,823$1,474,665▼ $97,158
Accounts Receivable$38,737$73,615▲ $34,878
Cash and Non-Interest-Bearing Accounts$35,415$10,868▼ $24,547
Prepaid Expenses and Deferred Charges$1,874$3,671▲ $1,797
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,803,394$1,772,089▼ $31,305
Other Assets Total$155,545$209,270▲ $53,725
Liabilities
Accounts Payable and Accrued Expenses$92,047$95,513▲ $3,466
Other Liabilities$19,272$0▼ $19,272
Escrow Account Liability$0$17,265▲ $17,265
Deferred Revenue$2,863$4,494▲ $1,631
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$114,182$117,272▲ $3,090
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,301,400$3,301,400→ $0
Net Assets Without Donor Restrictions$-1,612,188$-1,646,583▼ $34,395
Total Net Assets Fund Balance$1,689,212$1,654,817▼ $34,395
Total Liabilities and Net Assets / Fund Balance$1,803,394$1,772,089▼ $31,305

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,341,940$1,985,579$3,327,519
Equipment$32,810$78,181$110,991
Land$99,915-$99,915
Other Land Buildings-$74,891$74,891
Other Assets Org$191,975--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$484,536
Program Service Revenue
$228,685
Investment Income
$3,983
Other Revenue
$0
Change in Net Assets
$-34,395

Audited Revenue Reconciliation

Revenue per Audited Statements
$717,204
Total Revenue per Audited Statements
$717,204
Total Revenue per Form 990
$717,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$608,208
Salaries, Compensation, and Employee Benefits$143,391
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$288,067--$288,067
Other Salaries and Wages$100,762--$100,762
Depreciation Depletion$97,158--$97,158
Fees for Services Other$77,268--$77,268
Office Expenses$45,180--$45,180
Fees for Services Management-$36,767-$36,767
Other Employee Benefits$32,265--$32,265
Fees for Services Accounting-$26,240-$26,240
Payroll Taxes$10,364--$10,364
Fees for Services Legal$8,379--$8,379
Conferences and Meetings-$1,724-$1,724
Insurance$1,716--$1,716
Advertising$332--$332
Other Expenses$135--$135
Total Functional Expenses$686,868$64,731$0$751,599

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$751,599
Total Expenses per Audited Statements$751,599
Total Expenses per Form 990$751,599
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 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
Yes

Governance Explanations

Form 990, Part VI, Section A, line 2

The president is the father of the vice-president.

Form 990, Part VI, Section A, line 3

The organization has entered into a management agreement with a management company for a day-to-day management of the apartment community as is common practice for owners/operators of HUD-assisted rental communities.

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

The return is prepared by a certified public accounting firm and provided to the management company for initial review and approval. After any questions and comments from the management company are addressed, the return is provided to the board of directors for final review and approval. After any questions and comments from the board of directors are addressed, the final approved return is signed by the designated board officer and filed.

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

Compliance is monitored at regularly scheduled meeting of the board of directors and at other times, if needed.

Form 990, Part VI, Section C, line 19

Documents are maintained by the board of directors and copies are provided upon request.

Filing and Contact Details

Filer

Filer Name
Alice Williams Towers INC
EIN
31-1595187
In Care Of
% CAPITAL REALTY GROUP INC
Phone
8453567773
Address
86 Route 59 East, SPRING VALLEY, NY 10977

Signing Officer

Name
Janice Williams
Title
Treasurer
Phone
8453567773
Signed
2025-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jasper Williams Jr
Formed
1998
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
4

Preparer

Firm
Fogel Klein LLP
Address
50 Chestnut Ridge Rd Ste 202, Montvale, NJ 07645-1814
Phone
2016000026
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has changed from prior year. The board of directors has delegated the current management agent to assume reponsibility for oversight of the audit and selection of an independent auditor.

Form 990 Part IX Line 11G

Description:landscaping total fees:10848

Form 990 Part IX Line 11G

Description:security total fees:66420

Financial Statement Notes

PART IV, LINE 2B:

The tenant security deposit account was established according to hud regulations for safekeeping of the tenant's initial rental deposits. Additions to this account occur when a tenant moves in and as interest accrues. Disbursement of these funds can only be made when a tenant vacates the apartment.

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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt010364
IRS990/PayrollTaxesGrp/TotalAmt010364
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01874
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03671
IRS990/PrincipalOfficerNm0Jasper Williams Jr
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0228685
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0228685
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt039
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0433468
IRS990/PYOtherRevenueAmt030
IRS990/PYProgramServiceRevenueAmt0673681
IRS990/PYRevenuesLessExpensesAmt069988
IRS990/PYSalariesCompEmpBnftPaidAmt0170294
IRS990/PYTotalExpensesAmt0603762
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0673750
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-34395
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0228685
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0484536
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0484536
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03983
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt039
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt031
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt037
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04132
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0228685
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0673711
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0454469
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0476378
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0438662
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02271905
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03983
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt031
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt037
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04132
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99850
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt02756441
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0713221
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0673711
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0454469
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0476378
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0438662
IRS990ScheduleA/Total509Grp/TotalAmt02756441
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0717204
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0673750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0454500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0476415
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0438704
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02760573
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/BookValueAmt01341940
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01985579
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03327519
IRS990ScheduleD/EquipmentGrp/BookValueAmt032810
IRS990ScheduleD/EquipmentGrp/DepreciationAmt078181
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0110991
IRS990ScheduleD/ExpensesSubtotalAmt0751599
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt099915
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt099915
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017295
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1191975
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt074891
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt074891
IRS990ScheduleD/RevenueSubtotalAmt0717204
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TENANT SECURITY DEPOSIT ACCOUNT WAS ESTABLISHED ACCORDING TO HUD REGULATIONS FOR SAFEKEEPING OF THE TENANT'S INITIAL RENTAL DEPOSITS. ADDITIONS TO THIS ACCOUNT OCCUR WHEN A TENANT MOVES IN AND AS INTEREST ACCRUES. DISBURSEMENT OF THESE FUNDS CAN ONLY BE MADE WHEN A TENANT VACATES THE APARTMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01474665

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