Civic Intelligence

Ss C & M Haven Inc

990 • Fiscal year 2015 • EIN 34-1286014

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 16, 2016

Organization Profilewww.fedormanorapartments.com
12400 Madison AvenueLakewood, OH 44107

(216) 226-7575

Siviq Scores

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

Liabilities / Assets

98th percentile

1.86x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

4.07x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

36th percentile

-1.1%

Higher net margin than 36% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

27th percentile

-3.9%

Faster asset growth than 27% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

46th percentile

1.9%

Faster revenue growth than 46% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$3,344,747

Down $134,772 (-3.9%) from 2014

Net Assets

Down

-$2,861,850

Down $16,568 (-0.6%) from 2014

Liabilities

Down

$6,206,597

Down $118,204 (-1.9%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin36th percentile

Revenue

Up

$1,523,175

Up $28,038 (+1.9%) from 2014

Expenses

Up

$1,539,743

Up $56,118 (+3.8%) from 2014

Net Income

Down

-$16,568

Down $28,080 (-244%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $4,077,622Liabilities 2010: $6,427,790Net Assets 2010: -$2,350,1682010Assets 2011: $3,912,943Liabilities 2011: $6,596,939Net Assets 2011: -$2,683,9962011Assets 2012: $3,859,761Liabilities 2012: $6,557,197Net Assets 2012: -$2,697,4362012Assets 2013: $3,546,167Liabilities 2013: $6,402,961Net Assets 2013: -$2,856,7942013Assets 2014: $3,479,519Liabilities 2014: $6,324,801Net Assets 2014: -$2,845,2822014Assets 2015: $3,344,747Liabilities 2015: $6,206,597Net Assets 2015: -$2,861,8502015Assets 2016: $3,324,748Liabilities 2016: $6,127,412Net Assets 2016: -$2,802,6642016Assets 2017: $3,459,223Liabilities 2017: $6,149,288Net Assets 2017: -$2,690,0652017Assets 2018: $3,399,565Liabilities 2018: $6,015,074Net Assets 2018: -$2,615,5092018Assets 2019: $3,260,143Liabilities 2019: $5,911,795Net Assets 2019: -$2,651,6522019Assets 2020: $3,248,613Liabilities 2020: $5,772,897Net Assets 2020: -$2,524,2842020Assets 2021: $3,147,889Liabilities 2021: $5,595,034Net Assets 2021: -$2,447,1452021Assets 2022: $3,218,874Liabilities 2022: $5,615,189Net Assets 2022: -$2,396,3152022Assets 2023: $3,212,807Liabilities 2023: $5,469,519Net Assets 2023: -$2,256,7122023Assets 2024: $3,121,391Liabilities 2024: $5,189,975Net Assets 2024: -$2,068,5842024

Highlighted filing

2015

Assets$3,344,747
Liabilities$6,206,597
Net Assets-$2,861,850
Open 2015 Filing

Operations Trend

Revenue Growth46th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,538,9092010Expenses 2011: $1,768,1012011Expenses 2012: $1,576,4962012Revenue 2013: $1,448,785Expenses 2013: $1,608,143Net Income 2013: -$159,3582013Revenue 2014: $1,495,137Expenses 2014: $1,483,625Net Income 2014: $11,5122014Revenue 2015: $1,523,175Expenses 2015: $1,539,743Net Income 2015: -$16,5682015Revenue 2016: $1,558,204Expenses 2016: $1,499,019Net Income 2016: $59,1852016Revenue 2017: $1,581,760Expenses 2017: $1,469,161Net Income 2017: $112,5992017Revenue 2018: $1,587,695Expenses 2018: $1,513,139Net Income 2018: $74,5562018Revenue 2019: $1,505,023Expenses 2019: $1,541,166Net Income 2019: -$36,1432019Revenue 2020: $1,673,685Expenses 2020: $1,546,317Net Income 2020: $127,3682020Revenue 2021: $1,702,271Expenses 2021: $1,625,132Net Income 2021: $77,1392021Revenue 2022: $1,725,795Expenses 2022: $1,674,965Net Income 2022: $50,8302022Revenue 2023: $1,728,342Expenses 2023: $1,588,739Net Income 2023: $139,6032023Revenue 2024: $1,791,890Expenses 2024: $1,603,762Net Income 2024: $188,1282024

Highlighted filing

2015

Revenue$1,523,175
Expenses$1,539,743
Net Income-$16,568
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 16, 2016
Return Version
2015v2.1
Gross Receipts
$1,523,175
Mission and Program Overview

Mission

Ownership and operation of an apartment complex for low and moderate income adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,823,478$2,637,582▼ $185,896
Prepaid Expenses and Deferred Charges$42,252$38,738▼ $3,514
Accounts Receivable$5,007$14,496▲ $9,489
Cash and Non-Interest-Bearing Accounts$74,288$2,785▼ $71,503
Total Assets$3,479,519$3,344,747▼ $134,772
Other Assets Total$534,494$651,146▲ $116,652
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,094,210$6,005,640▼ $88,570
Accounts Payable and Accrued Expenses$144,886$122,092▼ $22,794
Other Liabilities$85,705$78,865▼ $6,840
Total Liabilities$6,324,801$6,206,597▼ $118,204
Net Assets / Fund Balance
Unrestricted Net Assets$-2,845,282$-2,861,850▼ $16,568
Total Net Assets Fund Balance$-2,845,282$-2,861,850▼ $16,568
Total Liabilities and Net Assets / Fund Balance$3,479,519$3,344,747▼ $134,772

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,183,241$4,977,706-
Land$452,958--
Equipment$1,383$49,262-
Other Assets Org$37,840--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Peter ShimrakPresident
Ed TurzaVice President
John SimacekDirector
Marianne MonahanDirector
Paul BeeganDirector
Paulette McmonagleDirector
Raymond GrussDirector
Robert WimbiscusDirector
Tim BrimusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$973,425
Program Service Revenue
$538,628
Investment Income
$522
Other Revenue
$10,600
Change in Net Assets
$-16,568

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,523,175
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,523,175
Total Revenue per Form 990
$1,523,175
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,382,725
Salaries, Compensation, and Employee Benefits$157,018
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$314,152--$314,152
Interest$275,119--$275,119
Depreciation Depletion$187,668--$187,668
Other Salaries and Wages$131,933--$131,933
Fees for Services Management-$78,187-$78,187
Other Expenses$58,073--$58,073
Insurance$41,476--$41,476
Office Expenses-$27,938-$27,938
All Other Expenses$27,207--$27,207
Advertising$13,616--$13,616
Other Employee Benefits$12,561--$12,561
Payroll Taxes$12,524--$12,524
Fees for Services Accounting-$8,850-$8,850
Fees for Services Other-$8,000-$8,000
Fees for Services Legal-$5,524-$5,524
Total Functional Expenses$1,411,244$128,499$0$1,539,743

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,539,743
Total Expenses per Audited Statements$1,539,743
Total Expenses per Form 990$1,539,743
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
deferred rental income$41,250
Tenant Security Deposits$37,615
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 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“Line 3 explanation - LSC SERVICE CORPORATION IS THE MANAGEMENT COMPANY. THEY MANAGE THE DAILY OPERATIONS. THE BOARD APPROVES AN ANNUAL BUDGET, REVIEWS MONTHLY FINANCIALS AND QUARTERLY REVIEWS WITH THE MANAGEMENT COMPANY.”

Form 990, Part VI, Section A, line 6

“Line 6 explanation - VOTING BOARD MEMBERS/DIRECTORS ARE THE MEMBERS.”

Form 990, Part VI, Section A, line 7A

“Line 7a explanation - THE DIRECTORS MEET ANNUALLY AND ELECT OFFICERS AND DIRECTORS, SEE 7B.”

Form 990, Part VI, Section A, line 7B

“Line 7b explanation - AT THE ANNUAL MEETING OF THE DIRECTORS THEY VOTE TO RATIFY AND APPROVE PROCEEDINGS AND ACTIONS OF THE DIRECTORS AND OFFICERS SINCE THE LAST ANNUAL DIRECTORS MEETING.”

Form 990, Part VI, Section B, line 11

“Line 11a explanation - MANAGEMENT AND THE BOARD REVIEW FORM 990 AND APPROVE OR MAKE CORRECTIONS BEFORE FILING.”

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

“Annually get signed conflict of interest forms back from directors (members). If they had a conflict the directors would review.”

Form 990, Part VI, Section B, line 15B

“Compensation and the budget are prepared by the managing agent and housing manager. The directors review and approve prior to the year. Monthly actual and comparison to budget financials are sent to directors.”

Form 990, Part VI, Section C, line 19

“The company does not disclose governing documents, policies and financial statements to the public.”

Filing and Contact Details

Filer

Filer Name
SS C & M Haven Inc
EIN
34-1286014
Phone
2162267575
Address
12400 Madison Avenue, Lakewood, OH 44107

Signing Officer

Name
Peter Shimrak
Title
President
Phone
2162267575
Signed
2016-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Shimrak
Formed
1979
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Card Palmer Sibbison & Co
Address
4545 Hinckley Parkway, Cleveland, OH 44109-6009
Preparer
Daniel S Gibel CPA
Phone
2166216100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Form 990, Part IX, Line 7:

“The company leases its employees from: Cornerstone Innovations, Inc. 3475 Medina Road, Medina, OH 44250 Tax I.D. # 20-5524151 All payroll tax returns are filed by Cornerstone Innovations, Inc.”

Financial Statement Notes

Part X, Line 2:

“The Organization has adopted guidance, as required by the Income Taxes Topic of the FASB Accounting Standards Codification regarding accounting for uncertainty in income taxes. This guidance clarifies the accounting and recognition for income tax positions taken or expected to be taken in the Organization's income tax returns. As of December 31, 2015, the Organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The Organization records related interest expenses and penalties, if any, as a tax expense, consistent with this guidance. The Organization's open audit periods are for the tax years ended December 31, 2012 through December 31, 2015. In evaluating the Organization's tax provisions and accruals, future taxable income, the reversal of temporary differences, interpretations, and tax planning strategies are considered. The Organization believes their estimates are appropriate based on the current facts and circumstances.”

Raw XML AppendixShowing 400 of 453 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/OtherExpensesGrp/TotalAmt158073
IRS990/OtherLiabilitiesGrp/BOYAmt085705
IRS990/OtherLiabilitiesGrp/EOYAmt078865
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0REAL ESTATE TAX REFUND
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010600
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010600
IRS990/OtherRevenueTotalAmt010600
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0131933
IRS990/OtherSalariesAndWagesGrp/TotalAmt0131933
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt012524
IRS990/PayrollTaxesGrp/TotalAmt012524
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt042252
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt038738
IRS990/PrincipalOfficerNm0Peter Shimrak
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531190
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1ANTENNA ROOF RENTS
IRS990/ProgramServiceRevenueGrp/Desc2LEASE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc4DAMAGE & CLEANING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0477991
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt151928
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25625
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32645
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4439
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0477991
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt151928
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32645
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4439
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0972277
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0423
IRS990/PYOtherExpensesAmt01337022
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0522437
IRS990/PYRevenuesLessExpensesAmt011512
IRS990/PYSalariesCompEmpBnftPaidAmt0146603
IRS990/PYTotalExpensesAmt01483625
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01495137
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-16568
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0549228
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0973425
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0972277
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0946720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0889556
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0918907
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04700885
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0522
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0423
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0534
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0685
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01106
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03270
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99930
IRS990ScheduleA/PublicSupportPY170Pct00.99890
IRS990ScheduleA/PublicSupportTotal170Amt04700885
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0973425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0972277
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0946720
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0889556
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0918907
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04700885
IRS990ScheduleA/TotalSupportAmt04704155
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/BookValueAmt02183241
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04977706
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt07160947
IRS990ScheduleD/EquipmentGrp/BookValueAmt01383
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049262
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt050645
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01539743
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0452958
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0452958
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0419593
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt150983
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt288846
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt353884
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt437840
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS RESERVE RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TAX AND INSURANCE RESERVE RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3MORTGAGE PROCUREMENT COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANT SECURITY DEPOSIT RESTRICTED CASH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt037615
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt141250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1deferred rental income
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01523175
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has adopted guidance, as required by the Income Taxes Topic of the FASB Accounting Standards Codification regarding accounting for uncertainty in income taxes. This guidance clarifies the accounting and recognition for income tax positions taken or expected to be taken in the Organization's income tax returns. As of December 31, 2015, the Organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The Organization records related interest expenses and penalties, if any, as a tax expense, consistent with this guidance. The Organization's open audit periods are for the tax years ended December 31, 2012 through December 31, 2015. In evaluating the Organization's tax provisions and accruals, future taxable income, the reversal of temporary differences, interpretations, and tax planning strategies are considered. The Organization believes their estimates are appropriate based on the current facts and circumstances.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02637582
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0651146
IRS990ScheduleD/TotalExpensesPerForm990Amt01539743
IRS990ScheduleD/TotalLiabilityAmt078865
IRS990ScheduleD/TotalRevenuePerForm990Amt01523175
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01523175
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01539743
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Line 3 explanation - LSC SERVICE CORPORATION IS THE MANAGEMENT COMPANY. THEY MANAGE THE DAILY OPERATIONS. THE BOARD APPROVES AN ANNUAL BUDGET, REVIEWS MONTHLY FINANCIALS AND QUARTERLY REVIEWS WITH THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Line 6 explanation - VOTING BOARD MEMBERS/DIRECTORS ARE THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Line 7a explanation - THE DIRECTORS MEET ANNUALLY AND ELECT OFFICERS AND DIRECTORS, SEE 7B.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Line 7b explanation - AT THE ANNUAL MEETING OF THE DIRECTORS THEY VOTE TO RATIFY AND APPROVE PROCEEDINGS AND ACTIONS OF THE DIRECTORS AND OFFICERS SINCE THE LAST ANNUAL DIRECTORS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Line 11a explanation - MANAGEMENT AND THE BOARD REVIEW FORM 990 AND APPROVE OR MAKE CORRECTIONS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUALLY GET SIGNED CONFLICT OF INTEREST FORMS BACK FROM DIRECTORS (MEMBERS). IF THEY HAD A CONFLICT THE DIRECTORS WOULD REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION AND THE BUDGET ARE PREPARED BY THE MANAGING AGENT AND HOUSING MANAGER. THE DIRECTORS REVIEW AND APPROVE PRIOR TO THE YEAR. MONTHLY ACTUAL AND COMPARISON TO BUDGET FINANCIALS ARE SENT TO DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE COMPANY DOES NOT DISCLOSE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The company leases its employees from: Cornerstone Innovations, Inc. 3475 Medina Road, Medina, OH 44250 Tax I.D. # 20-5524151 All payroll tax returns are filed by Cornerstone Innovations, Inc.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 7:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03479519
IRS990/TotalAssetsEOYAmt03344747
IRS990/TotalAssetsGrp/BOYAmt03479519
IRS990/TotalAssetsGrp/EOYAmt03344747
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0973425
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0128499
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01411244
IRS990/TotalFunctionalExpensesGrp/TotalAmt01539743
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06324801
IRS990/TotalLiabilitiesEOYAmt06206597
IRS990/TotalLiabilitiesGrp/BOYAmt06324801
IRS990/TotalLiabilitiesGrp/EOYAmt06206597
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2845282
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2861850

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,344,747
Liabilities
$6,206,597
Net assets
-$2,861,850
Revenue
$1,523,175
Expenses
$1,539,743
Net income
-$16,568
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.12$5.19$2.07$1.79$1.60$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.21$5.47$2.26$1.73$1.59$0.14
2022Detailed filing. Detailed filing data is available for this year.$3.22$5.62$2.40$1.73$1.67$0.05
2021Detailed filing. Detailed filing data is available for this year.$3.15$5.60$2.45$1.70$1.63$0.08
2020Detailed filing. Detailed filing data is available for this year.$3.25$5.77$2.52$1.67$1.55$0.13
2019Detailed filing. Detailed filing data is available for this year.$3.26$5.91$2.65$1.51$1.54$0.04
2018Detailed filing. Detailed filing data is available for this year.$3.40$6.02$2.62$1.59$1.51$0.07
2017Detailed filing. Detailed filing data is available for this year.$3.46$6.15$2.69$1.58$1.47$0.11
2016Detailed filing. Detailed filing data is available for this year.$3.32$6.13$2.80$1.56$1.50$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.34$6.21$2.86$1.52$1.54$0.02
2014Detailed filing. Detailed filing data is available for this year.$3.48$6.32$2.85$1.50$1.48$0.01
2013Detailed filing. Detailed filing data is available for this year.$3.55$6.40$2.86$1.45$1.61$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.86$6.56$2.70$1.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.91$6.60$2.68$1.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$6.43$2.35$1.54