Civic Intelligence

University Circle Housing Inc.

990 • Fiscal year 2014 • EIN 34-1229409

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 20, 2014

11501 Mayfield Road44106

(216) 791-5025

Siviq Scores

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

Liabilities / Assets

76th percentile

0.45x

Higher debt load relative to assets than 76% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

86th percentile

1.18x

Higher debt load relative to revenue than 86% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

68th percentile

10%

Higher net margin than 68% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

74th percentile

$109,420

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

54th percentile

3.2%

Faster asset growth than 54% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$4,208,914

Up $130,108 (+3.2%) from 2013

Net Assets

Up

$2,331,054

Up $165,288 (+7.6%) from 2013

Liabilities

Down

$1,877,860

Down $35,180 (-1.8%) from 2013

Revenue

$1,594,361

No earlier filing loaded for comparison.

Expenses

Down

$1,429,073

Down $157,244 (-9.9%) from 2013

Net Income

$165,288

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,801,119Liabilities 2011: $2,494,212Net Assets 2011: $1,306,9072011Assets 2012: $4,241,442Liabilities 2012: $2,096,654Net Assets 2012: $2,144,7882012Assets 2013: $4,078,806Liabilities 2013: $1,913,040Net Assets 2013: $2,165,7662013Assets 2014: $4,208,914Liabilities 2014: $1,877,860Net Assets 2014: $2,331,0542014Assets 2015: $3,935,569Liabilities 2015: $1,487,814Net Assets 2015: $2,447,7552015Assets 2016: $3,853,551Liabilities 2016: $1,207,738Net Assets 2016: $2,645,8132016Assets 2017: $6,339,064Liabilities 2017: $14,715Net Assets 2017: $6,324,3492017Assets 2018: $6,351,753Liabilities 2018: $14,715Net Assets 2018: $6,337,0382018Assets 2019: $6,256,798Liabilities 2019: $0Net Assets 2019: $6,256,7982019Assets 2020: $6,192,522Liabilities 2020: $1,068Net Assets 2020: $6,191,4542020Assets 2021: $6,192,386Liabilities 2021: $1,868Net Assets 2021: $6,190,5182021Assets 2022: $6,187,434Liabilities 2022: $1,468Net Assets 2022: $6,185,9662022Assets 2023: $6,375,746Liabilities 2023: $0Net Assets 2023: $6,375,7462023Assets 2024: $6,565,476Liabilities 2024: $0Net Assets 2024: $6,565,4762024Assets 2025: $6,554,876Liabilities 2025: $0Net Assets 2025: $6,554,8762025

Highlighted filing

2014

Assets$4,208,914
Liabilities$1,877,860
Net Assets$2,331,054

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,267,3832011Expenses 2012: $1,542,6032012Expenses 2013: $1,586,3172013Revenue 2014: $1,594,361Expenses 2014: $1,429,073Net Income 2014: $165,2882014Revenue 2015: $1,559,469Expenses 2015: $1,442,768Net Income 2015: $116,7012015Revenue 2016: $1,573,403Expenses 2016: $1,375,345Net Income 2016: $198,0582016Revenue 2017: $6,561,485Expenses 2017: $2,882,949Net Income 2017: $3,678,5362017Revenue 2018: $188,932Expenses 2018: $176,243Net Income 2018: $12,6892018Revenue 2019: $190,000Expenses 2019: $270,240Net Income 2019: -$80,2402019Revenue 2020: $205,055Expenses 2020: $270,399Net Income 2020: -$65,3442020Revenue 2021: $190,000Expenses 2021: $190,936Net Income 2021: -$9362021Revenue 2022: $190,000Expenses 2022: $194,552Net Income 2022: -$4,5522022Revenue 2023: $190,000Expenses 2023: $220Net Income 2023: $189,7802023Revenue 2024: $190,000Expenses 2024: $270Net Income 2024: $189,7302024Revenue 2025: $190,000Expenses 2025: $200,600Net Income 2025: -$10,6002025

Highlighted filing

2014

Revenue$1,594,361
Expenses$1,429,073
Net Income$165,288
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 20, 2014
Return Version
2013v3.0
Gross Receipts
$1,594,361
Mission and Program Overview

Mission

To provide subsidized housing for low income senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,949,000$2,837,082▼ $111,918
Savings and Temporary Cash Investments$815,079$931,368▲ $116,289
Cash and Non-Interest-Bearing Accounts$193,664$337,397▲ $143,733
Accounts Receivable$76,131$56,280▼ $19,851
Prepaid Expenses and Deferred Charges$6,513$7,010▲ $497
Total Assets$4,078,806$4,208,914▲ $130,108
Other Assets Total$38,419$39,777▲ $1,358
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,660,804$1,450,895▼ $209,909
Accounts Payable and Accrued Expenses$212,046$386,521▲ $174,475
Other Liabilities$37,364$38,056▲ $692
Deferred Revenue$2,826$2,388▼ $438
Total Liabilities$1,913,040$1,877,860▼ $35,180
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,224,418$1,995,694▼ $228,724
Unrestricted Net Assets$-58,652$335,360▲ $394,012
Total Net Assets Fund Balance$2,165,766$2,331,054▲ $165,288
Total Liabilities and Net Assets / Fund Balance$4,078,806$4,208,914▲ $130,108

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,639$3,919,925$3,929,564
Leasehold Improvements$1,345,906$377,333$1,723,239
Equipment$1,172,906$337,349$1,510,255
Other Land Buildings$160,427$371,687$532,114
Land$148,204-$148,204
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jim WaltonSecretary/treasurer$109,420$109,420

Board Members and Trustees

NameTitle
Father Joseph PrevitePresident
Bruce BattistaBoard Member
Cynthia DambachBoard Member
Debra K BerryBoard Member
Gail M EovitoBoard Member
Marie MastrandreaBoard Member
Mary E McnamaraBoard Member
Michael DelzoppoBoard Member
Robin VanlearBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,574,819
Investment Income
$2,255
Other Revenue
$17,287
Change in Net Assets
$165,288

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,594,361
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$11,448
Total Revenue per Audited Statements
$1,605,809
Total Revenue per Form 990
$1,594,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,210,465
Salaries, Compensation, and Employee Benefits$218,608
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$301,774--$301,774
Depreciation Depletion$295,823--$295,823
Other Salaries and Wages$71,247$110,439-$181,686
Interest$106,445--$106,445
All Other Expenses$47,048$23,991-$71,039
Fees for Services Management-$59,783-$59,783
Other Expenses$54,222--$54,222
Insurance$34,023--$34,023
Payroll Taxes$10,332$16,015-$26,347
Office Expenses-$18,593-$18,593
Fees for Services Accounting-$18,297-$18,297
Other Employee Benefits$4,147$6,428-$10,575
Fees for Services Legal-$3,235-$3,235
Conferences and Meetings-$2,085-$2,085
Advertising-$754-$754
Total Functional Expenses$1,169,453$259,620$0$1,429,073

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,440,521
Expenses per Audited Statements$1,429,073
Total Expenses per Form 990$1,429,073
Expenses Not Reported on Form 990$11,448
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$38,056
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

Millenia housing management company and its employees oversee and manage day-to-day operations of the organization. All management decisions are discussed and approved by the board of trustees before they are carried out.

Form 990, Part VI, Section B, Line 11

Copy of the tax return is provided to the officer for review prior to filing.

Form 990, Part VI, Section C, Line 19

The organization makes it's governing documents and financial statements available for public inspection upon request.

Filing and Contact Details

Filer

EIN
34-1229409
Phone
2167915025

Signing Officer

Name
Officer
Title
Officer
Phone
2167915025
Signed
2014-11-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Walton
Formed
1977
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Preparer
Lori Crow
Phone
4402488787
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The audit oversight and selection of an independent accountant process has not changed from the prior year.

FORM 990, PART V, LINE 2A:

The organization does not have its own employees and its all day-to-day operations are managed by employees of the millenia housing management company. The personnel servicing the building consists of the following: property manager, subsidy administrator, service supervisor, two service technicians, service coordinator, and art therapist.

Financial Statement Notes

PART X, LINE 2:

The internal revenue service has ruled that the corporation qualifies under section 501(c)(3) of the internal revenue code and is, therefore, not subject to tax under present federal income tax laws. The corporation has not been classified as a private foundation within the meaning of section 509(a) and does qualify for deductible contributions as provided in section 170(b)(1)(a)(vi). The corporation implemented the accounting guidance for uncertainty in income taxes. The corporation's income tax filings are subject to audit by various taxing authorities. The organization's open audit periods are for the fiscal years june 30, 2010 through june 30, 2013. In evaluating the corporation's activities, management believes its position of tax exempt status is appropriate based on current facts and circumstances. Management has assessed that there are no activities unrelated to the purpose of the corporation and therefore no tax is to be recognized. It is the policy of the corporation to include in operating expenses penalties and interest assessed by income taxing authorities. There are no penalties or interest from taxing authorities included in operating expenses for the years ended june 30, 2014 and 2013.

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IRS990/OtherRevenueMiscGrp/Desc0REAL ESTATE TAX REFUND
IRS990/OtherRevenueMiscGrp/ExclusionAmt017287
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt017287
IRS990/OtherRevenueTotalAmt017287
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0110439
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt071247
IRS990/OtherSalariesAndWagesGrp/TotalAmt0181686
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016015
IRS990/PayrollTaxesGrp/ProgramServicesAmt010332
IRS990/PayrollTaxesGrp/TotalAmt026347
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06513
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07010
IRS990/PrincipalOfficerNm0JIM WALTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2624100
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1GREEN RETROFIT INCENTI
IRS990/ProgramServiceRevenueGrp/Desc2SERVICE COORDINATOR
IRS990/ProgramServiceRevenueGrp/Desc3TENANT CHARGES & MISC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01484533
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt144757
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt238099
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt37430
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01484533
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt144757
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt238099
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt37430
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE SUPPORTIVE SERVICES TO LOW-INCOME SENIOR CITIZENS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt054222
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt038099
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02473
IRS990/PYOtherExpensesAmt01367710
IRS990/PYOtherRevenueAmt015079
IRS990/PYProgramServiceRevenueAmt01589743
IRS990/PYRevenuesLessExpensesAmt020978
IRS990/PYSalariesCompEmpBnftPaidAmt0218607
IRS990/PYTotalExpensesAmt01586317
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01607295
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0165288
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01536720
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0815079
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0931368
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0821865
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01817310
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02639175
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02255
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02473
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02918
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04603
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04204
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt016453
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01574819
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01589743
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01555701
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01494681
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01484280
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07699224
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02255
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02473
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02918
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04603
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04204
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt016453
IRS990ScheduleA/InvestmentIncomeCYPct00.00160
IRS990ScheduleA/InvestmentIncomePYPct00.00230
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt017287
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt015079
IRS990ScheduleA/OtherIncome509Grp/TotalAmt032366
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.70410
IRS990ScheduleA/PublicSupportPY509Pct00.61390
IRS990ScheduleA/PublicSupportTotal509Amt07313687
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt022155
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt055992
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0999678
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0950510
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0996377
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt03024712
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt022155
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt055992
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0999678
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0950510
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0996377
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt03024712
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01574819
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01589743
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02377566
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03311991
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01484280
IRS990ScheduleA/Total509Grp/TotalAmt010338399
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01594361
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01607295
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02380484
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03316594
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01488484
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010387218
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt09639
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03919925
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03929564
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt011448
IRS990ScheduleD/DonatedServicesUseFcltsAmt011448
IRS990ScheduleD/EquipmentGrp/BookValueAmt01172906
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0337349
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01510255
IRS990ScheduleD/ExpensesNotReportedAmt011448
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01429073
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0148204
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0148204
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01345906
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0377333
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01723239
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0160427
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0371687
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0532114
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt011448
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01594361
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS RULED THAT THE CORPORATION QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, NOT SUBJECT TO TAX UNDER PRESENT FEDERAL INCOME TAX LAWS. THE CORPORATION HAS NOT BEEN CLASSIFIED AS A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND DOES QUALIFY FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). THE CORPORATION IMPLEMENTED THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES. THE CORPORATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATION'S OPEN AUDIT PERIODS ARE FOR THE FISCAL YEARS JUNE 30, 2010 THROUGH JUNE 30, 2013. IN EVALUATING THE CORPORATION'S ACTIVITIES, MANAGEMENT BELIEVES ITS POSITION OF TAX EXEMPT STATUS IS APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. MANAGEMENT HAS ASSESSED THAT THERE ARE NO ACTIVITIES UNRELATED TO THE PURPOSE OF THE CORPORATION AND THEREFORE NO TAX IS TO BE RECOGNIZED. IT IS THE POLICY OF THE CORPORATION TO INCLUDE IN OPERATING EXPENSES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES. THERE ARE NO PENALTIES OR INTEREST FROM TAXING AUTHORITIES INCLUDED IN OPERATING EXPENSES FOR THE YEARS ENDED JUNE 30, 2014 AND 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02837082
IRS990ScheduleD/TotalExpensesPerForm990Amt01429073
IRS990ScheduleD/TotalLiabilityAmt038056
IRS990ScheduleD/TotalRevenuePerForm990Amt01594361
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01605809
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01440521
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MILLENIA HOUSING MANAGEMENT COMPANY AND ITS EMPLOYEES OVERSEE AND MANAGE DAY-TO-DAY OPERATIONS OF THE ORGANIZATION. ALL MANAGEMENT DECISIONS ARE DISCUSSED AND APPROVED BY THE BOARD OF TRUSTEES BEFORE THEY ARE CARRIED OUT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF THE TAX RETURN IS PROVIDED TO THE OFFICER FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AUDIT OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT HAVE ITS OWN EMPLOYEES AND ITS ALL DAY-TO-DAY OPERATIONS ARE MANAGED BY EMPLOYEES OF THE MILLENIA HOUSING MANAGEMENT COMPANY. THE PERSONNEL SERVICING THE BUILDING CONSISTS OF THE FOLLOWING: PROPERTY MANAGER, SUBSIDY ADMINISTRATOR, SERVICE SUPERVISOR, TWO SERVICE TECHNICIANS, SERVICE COORDINATOR, AND ART THERAPIST.
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 XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART V, LINE 2A:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.55$0.00$6.55$0.19$0.20$0.01
2024Detailed filing. Detailed filing data is available for this year.$6.57$0.00$6.57$0.19$0.00$0.19
2023Detailed filing. Detailed filing data is available for this year.$6.38$0.00$6.38$0.19$0.00$0.19
2022Detailed filing. Detailed filing data is available for this year.$6.19$0.00$6.19$0.19$0.19$0.00
2021Detailed filing. Detailed filing data is available for this year.$6.19$0.00$6.19$0.19$0.19$0.00
2020Detailed filing. Detailed filing data is available for this year.$6.19$0.00$6.19$0.21$0.27$0.07
2019Detailed filing. Detailed filing data is available for this year.$6.26$0.00$6.26$0.19$0.27$0.08
2018Detailed filing. Detailed filing data is available for this year.$6.35$0.01$6.34$0.19$0.18$0.01
2017Detailed filing. Detailed filing data is available for this year.$6.34$0.01$6.32$6.56$2.88$3.68
2016Detailed filing. Detailed filing data is available for this year.$3.85$1.21$2.65$1.57$1.38$0.20
2015Detailed filing. Detailed filing data is available for this year.$3.94$1.49$2.45$1.56$1.44$0.12
2014Detailed filing. Detailed filing data is available for this year.$4.21$1.88$2.33$1.59$1.43$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$1.91$2.17$1.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.24$2.10$2.14$1.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.80$2.49$1.31$1.27