Civic Intelligence

Catholic Better Comm Development Commission

990 • Fiscal year 2015 • EIN 34-1010836

Apr 01, 2014 to Mar 31, 2015 • Filed on Aug 15, 2015

1931 Scottwood Avenue No 700Toledo, OH 43620

(419) 242-2300

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.06x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

90th percentile

1.17x

Higher debt load relative to revenue than 90% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

49th percentile

2.6%

Higher net margin than 49% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

15th percentile

-11%

Faster asset growth than 15% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

44th percentile

0.9%

Faster revenue growth than 44% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$751,690

Down $91,649 (-11%) from 2014

Net Assets

Up

-$45,068

Up $17,931 (+28%) from 2014

Liabilities

Down

$796,758

Down $109,580 (-12%) from 2014

Revenue

Up

$678,478

Up $6,265 (+0.9%) from 2014

Expenses

Up

$660,547

Up $31,158 (+5.0%) from 2014

Net Income

Down

$17,931

Down $24,893 (-58%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $891,145Liabilities 2010: $1,024,233Net Assets 2010: -$133,0882010Assets 2011: $871,225Liabilities 2011: $1,018,565Net Assets 2011: -$147,3402011Assets 2012: $855,300Liabilities 2012: $983,086Net Assets 2012: -$127,7862012Assets 2013: $871,582Liabilities 2013: $977,405Net Assets 2013: -$105,8232013Assets 2014: $843,339Liabilities 2014: $906,338Net Assets 2014: -$62,9992014Assets 2015: $751,690Liabilities 2015: $796,758Net Assets 2015: -$45,0682015Assets 2016: $798,726Liabilities 2016: $782,589Net Assets 2016: $16,1372016Assets 2017: $802,771Liabilities 2017: $761,360Net Assets 2017: $41,4112017Assets 2018: $799,699Liabilities 2018: $675,854Net Assets 2018: $123,8452018Assets 2019: $875,445Liabilities 2019: $600,148Net Assets 2019: $275,2972019

Highlighted filing

2015

Assets$751,690
Liabilities$796,758
Net Assets-$45,068

Operations Trend

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

$800K$600K$400K$200K$0Expenses 2010: $624,9882010Expenses 2011: $649,6122011Expenses 2012: $635,7732012Expenses 2013: $639,6542013Revenue 2014: $672,213Expenses 2014: $629,389Net Income 2014: $42,8242014Revenue 2015: $678,478Expenses 2015: $660,547Net Income 2015: $17,9312015Revenue 2016: $690,324Expenses 2016: $629,119Net Income 2016: $61,2052016Revenue 2017: $707,456Expenses 2017: $682,182Net Income 2017: $25,2742017Revenue 2018: $704,737Expenses 2018: $622,303Net Income 2018: $82,4342018Revenue 2019: $750,810Expenses 2019: $599,358Net Income 2019: $151,4522019

Highlighted filing

2015

Revenue$678,478
Expenses$660,547
Net Income$17,931
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Aug 15, 2015
Return Version
2014v5.0
Gross Receipts
$678,478
Mission and Program Overview

Mission

Catholic better community development commission, inc. Is a non-profit ohio corporation formed to acquire, own, and operate a 68-unit apartment community known as delaware acres located in fremont, ohio. The project was built under section 221(d)(3) of the national housing act, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$595,570$571,286▼ $24,284
Investments Program Related$73,324$127,132▲ $53,808
Intangible Assets$20,418$18,630▼ $1,788
Savings and Temporary Cash Investments$89,001$15,459▼ $73,542
Accounts Receivable$26,790$5,227▼ $21,563
Prepaid Expenses and Deferred Charges$25,568$851▼ $24,717
Cash and Non-Interest-Bearing Accounts$142$90▼ $52
Total Assets$843,339$751,690▼ $91,649
Other Assets Total$12,526$13,015▲ $489
Liabilities
Mortgage Notes Payable Secured by Investment Property$791,769$696,915▼ $94,854
Accounts Payable and Accrued Expenses$102,351$86,619▼ $15,732
Other Liabilities$11,841$12,470▲ $629
Deferred Revenue$377$754▲ $377
Total Liabilities$906,338$796,758▼ $109,580
Net Assets / Fund Balance
Unrestricted Net Assets$-62,999$-45,068▲ $17,931
Total Net Assets Fund Balance$-62,999$-45,068▲ $17,931
Total Liabilities and Net Assets / Fund Balance$843,339$751,690▼ $91,649

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$452,751$1,528,560$1,981,311
Leasehold Improvements$85,147$60,394$145,541
Equipment$726$36,105$36,831
Land$32,662-$32,662
Investment Program Related Org$61,978--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Vr Michael R BillianPresident
John HaywardVice President
Andy KottExecutive Director
Neal MahoneyTrustee
Sister Mary ThillTrustee
Tim FrazierTrustee
Douglas WilkinsSecretary
Walter NevolisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$480,201
Program Service Revenue
$197,821
Investment Income
$90
Other Revenue
$366
Change in Net Assets
$17,931

Audited Revenue Reconciliation

Revenue per Audited Statements
$678,478
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$678,478
Total Revenue per Form 990
$678,478
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$660,547
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$437,414--$437,414
Fees for Services Management-$36,414-$36,414
Depreciation Depletion$26,074--$26,074
Office Expenses-$16,726-$16,726
Fees for Services Accounting-$6,230-$6,230
Other Expenses$2,161--$2,161
Fees for Services Legal-$1,501-$1,501
Insurance$981--$981
Conferences and Meetings-$40-$40
Total Functional Expenses$599,636$60,911$0$660,547

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$667,272
Expenses per Audited Statements$660,547
Total Expenses per Form 990$660,547
Expenses Not Reported on Form 990$6,725
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$12,470
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

Governance Explanations

Form 990, Part VI, Section A, Line 3

Catholic better community development commission, inc. Is managed by vistula management company, a professional property management company. Vistula management company has a project owner's and management agent's certification for multifamily housing projects with the u.s. Department of housing and urban development. Under this certification, hud has approved vistula management company to manage the catholic better community development commission, inc. Community. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.

Form 990, Part VI, Section B, Line 11

The auditing firm sends a draft of the return to the management company. The management company forwards a copy of the return to each board member for their comments prior to filing.

Form 990, Part VI, Section C, Line 19

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

FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:

All of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.

Filing and Contact Details

Filer

Filer Name
Catholic Better Comm Development Commission
EIN
34-1010836
Phone
4192422300
Address
1931 SCOTTWOOD AVENUE NO 700, TOLEDO, OH 43620
Doing Business As
Delaware Acres

Signing Officer

Name
Vr Michael R Billian
Title
President
Phone
4192422300
Signed
2015-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vr Michael R Billian
Formed
1967
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD STE 300, CARMEL, IN 46032
Preparer
Kyle Waldman
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Book/tax depreciation difference 6,725.

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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-111
IRS990/PYOtherExpensesAmt0629389
IRS990/PYOtherRevenueAmt01514
IRS990/PYProgramServiceRevenueAmt0223251
IRS990/PYRevenuesLessExpensesAmt042824
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0629389
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0672213
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt017931
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0197821
IRS990/SavingsAndTempCashInvstGrp/BOYAmt089001
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015459
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0480201
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0447559
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0471665
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0465419
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0456882
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02321726
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt090
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0119
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0366
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0100
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt066
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0741
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0197821
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0223251
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0188301
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0187948
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0176393
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0973714
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0119
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0366
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0100
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt066
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0741
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0366
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01514
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01425
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01860
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02018
IRS990ScheduleA/OtherIncome509Grp/TotalAmt07183
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99760
IRS990ScheduleA/PublicSupportPY509Pct00.99200
IRS990ScheduleA/PublicSupportTotal509Amt03295440
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0678022
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0670810
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0659966
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0653367
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0633275
IRS990ScheduleA/Total509Grp/TotalAmt03295440
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0678478
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0672443
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0661757
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0655327
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0635359
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03303364
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0452751
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01528560
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01981311
IRS990ScheduleD/EquipmentGrp/BookValueAmt0726
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036105
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036831
IRS990ScheduleD/ExpensesNotReportedAmt06725
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0660547
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt030187
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt134967
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt261978
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0MORTGAGEE ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt032662
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt032662
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt085147
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt060394
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0145541
IRS990ScheduleD/OtherExpensesIncludedAmt06725
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0678478
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK/TAX DEPRECIATION DIFFERENCE 6,725.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0571286
IRS990ScheduleD/TotalBookValueProgramRltdAmt0127132
IRS990ScheduleD/TotalExpensesPerForm990Amt0660547
IRS990ScheduleD/TotalLiabilityAmt012470
IRS990ScheduleD/TotalRevenuePerForm990Amt0678478
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0678478
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0667272
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CATHOLIC BETTER COMMUNITY DEVELOPMENT COMMISSION, INC. IS MANAGED BY VISTULA MANAGEMENT COMPANY, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. VISTULA MANAGEMENT COMPANY HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED VISTULA MANAGEMENT COMPANY TO MANAGE THE CATHOLIC BETTER COMMUNITY DEVELOPMENT COMMISSION, INC. COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0200604261
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0GENERAL PARTNER OF AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0WRSM II INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01931 SCOTTWOOD AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0TOLEDO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd043620
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A

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