Civic Intelligence

Ss C & M Haven Inc

990 • Fiscal year 2016 • EIN 34-1286014

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 28, 2017

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

1.84x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

3.93x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

55th percentile

3.8%

Higher net margin than 55% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

42nd percentile

-0.6%

Faster asset growth than 42% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

49th percentile

2.3%

Faster revenue growth than 49% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$3,324,748

Down $19,999 (-0.6%) from 2015

Net Assets

Up

-$2,802,664

Up $59,186 (+2.1%) from 2015

Liabilities

Down

$6,127,412

Down $79,185 (-1.3%) from 2015

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin55th percentile

Revenue

Up

$1,558,204

Up $35,029 (+2.3%) from 2015

Expenses

Down

$1,499,019

Down $40,724 (-2.6%) from 2015

Net Income

Up

$59,185

Up $75,753 (+457%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth42nd 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

2016

Assets$3,324,748
Liabilities$6,127,412
Net Assets-$2,802,664
Open 2016 Filing

Operations Trend

Revenue Growth49th 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

2016

Revenue$1,558,204
Expenses$1,499,019
Net Income$59,185
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 28, 2017
Return Version
2016v3.0
Gross Receipts
$1,558,204
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$2,637,582$2,451,686▼ $185,896
Cash and Non-Interest-Bearing Accounts$2,785$85,960▲ $83,175
Prepaid Expenses and Deferred Charges$38,738$42,031▲ $3,293
Accounts Receivable$14,496$5,479▼ $9,017
Total Assets$3,344,747$3,324,748▼ $19,999
Other Assets Total$651,146$739,592▲ $88,446
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,005,640$5,907,797▼ $97,843
Accounts Payable and Accrued Expenses$122,092$145,806▲ $23,714
Other Liabilities$78,865$73,809▼ $5,056
Total Liabilities$6,206,597$6,127,412▼ $79,185
Net Assets / Fund Balance
Unrestricted Net Assets$-2,861,850$-2,802,664▲ $59,186
Total Net Assets Fund Balance$-2,861,850$-2,802,664▲ $59,186
Total Liabilities and Net Assets / Fund Balance$3,344,747$3,324,748▼ $19,999

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,998,728$5,162,219-
Land$452,958--
Equipment$0$50,645-
Other Assets Org$40,855--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Ed TurzaPresident
Robert WimbiscusVice President
John SimacekDirector
Marianne MonahanDirector
Paul BeeganDirector
Paulette McmonagleDirector
Toni ClevelandDirector
Raymond GrussSecretary
Tim BrimusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,557,529
Investment Income
$675
Other Revenue
$0
Change in Net Assets
$59,185

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,558,205
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,558,205
Total Revenue per Form 990
$1,558,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,339,680
Salaries, Compensation, and Employee Benefits$159,339
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$315,784--$315,784
Interest$253,002--$253,002
Depreciation Depletion$187,667--$187,667
Other Salaries and Wages$131,786--$131,786
Fees for Services Management-$80,532-$80,532
Other Expenses$58,602--$58,602
Insurance$42,161--$42,161
All Other Expenses$26,787--$26,787
Office Expenses-$24,342-$24,342
Payroll Taxes$14,232--$14,232
Other Employee Benefits$13,321--$13,321
Advertising$11,604--$11,604
Fees for Services Accounting-$9,600-$9,600
Fees for Services Other-$8,000-$8,000
Fees for Services Legal-$725-$725
Total Functional Expenses$1,375,820$123,199$0$1,499,019

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,499,020
Total Expenses per Audited Statements$1,499,020
Total Expenses per Form 990$1,499,020
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
Tenant Security Deposits$38,184
deferred rental income$35,625
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 11B

“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
Edward Turza
Title
President
Phone
2162267575
Signed
2017-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Turza
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 448 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0122092
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0145806
IRS990/AccountsReceivableGrp/BOYAmt014496
IRS990/AccountsReceivableGrp/EOYAmt05479
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0OWNERSHIP AND OPERATION OF AN APARTMENT COMPLEX FOR LOW AND MODERATE INCOME ADULTS.
IRS990/AdvertisingGrp/ProgramServicesAmt011604
IRS990/AdvertisingGrp/TotalAmt011604
IRS990/AllOtherExpensesGrp/ProgramServicesAmt026787
IRS990/AllOtherExpensesGrp/TotalAmt026787
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Sandy Rodriguez
IRS990/BooksInCareOfDetail/PhoneNum02162267575
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt012400 Madison Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Lakewood
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd044107
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02785
IRS990/CashNonInterestBearingGrp/EOYAmt085960
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0675
IRS990/CYOtherExpensesAmt01339680
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01557529
IRS990/CYRevenuesLessExpensesAmt059185
IRS990/CYSalariesCompEmpBnftPaidAmt0159339
IRS990/CYTotalExpensesAmt01499019
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01558204
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0187667
IRS990/DepreciationDepletionGrp/TotalAmt0187667
IRS990/Desc0OWNERSHIP AND OPERATION OF AN APARTMENT COMPLEX FOR LOW AND MODERATE INCOME ADULTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01375820
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09600
IRS990/FeesForServicesAccountingGrp/TotalAmt09600
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0725
IRS990/FeesForServicesLegalGrp/TotalAmt0725
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt080532
IRS990/FeesForServicesManagementGrp/TotalAmt080532
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt08000
IRS990/FeesForServicesOtherGrp/TotalAmt08000
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0ED TURZA
IRS990/Form990PartVIISectionAGrp/PersonNm1TIM BRIMUS
IRS990/Form990PartVIISectionAGrp/PersonNm2RAYMOND GRUSS
IRS990/Form990PartVIISectionAGrp/PersonNm3PAULETTE MCMONAGLE
IRS990/Form990PartVIISectionAGrp/PersonNm4MARIANNE MONAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN SIMACEK
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT WIMBISCUS
IRS990/Form990PartVIISectionAGrp/PersonNm7Paul Beegan
IRS990/Form990PartVIISectionAGrp/PersonNm8Toni Cleveland
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01558204
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt042161
IRS990/InsuranceGrp/TotalAmt042161
IRS990/InterestGrp/ProgramServicesAmt0253002
IRS990/InterestGrp/TotalAmt0253002
IRS990/InvestmentIncomeGrp/ExclusionAmt0675
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0675
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05212864
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02637582
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02451686
IRS990/LandBldgEquipCostOrOtherBssAmt07664550
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OWNERSHIP AND OPERATION OF AN APARTMENT COMPLEX FOR LOW AND MODERATE INCOME ADULTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06005640
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05907797
IRS990/NetAssetsOrFundBalancesBOYAmt0-2861850
IRS990/NetAssetsOrFundBalancesEOYAmt0-2802664
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0315784
IRS990/OccupancyGrp/TotalAmt0315784
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024342
IRS990/OfficeExpensesGrp/TotalAmt024342
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0651146
IRS990/OtherAssetsTotalGrp/EOYAmt0739592
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013321
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013321
IRS990/OtherExpensesGrp/Desc0OPERATING AND MAINTENAN
IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR
IRS990/OtherExpensesGrp/ProgramServicesAmt0320874
IRS990/OtherExpensesGrp/ProgramServicesAmt158602
IRS990/OtherExpensesGrp/TotalAmt0320874
IRS990/OtherExpensesGrp/TotalAmt158602
IRS990/OtherLiabilitiesGrp/BOYAmt078865
IRS990/OtherLiabilitiesGrp/EOYAmt073809
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0131786
IRS990/OtherSalariesAndWagesGrp/TotalAmt0131786
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt014232
IRS990/PayrollTaxesGrp/TotalAmt014232
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038738
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt042031
IRS990/PrincipalOfficerNm0Edward Turza
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531190
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1Service Coordinator
IRS990/ProgramServiceRevenueGrp/Desc2ANTENNA ROOF RENTS
IRS990/ProgramServiceRevenueGrp/Desc3LEASE INCOME
IRS990/ProgramServiceRevenueGrp/Desc4LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01435866
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt158602
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt252093
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35625
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt43376
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01435866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt158602
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt252093
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43376
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0522
IRS990/PYOtherExpensesAmt01382725
IRS990/PYOtherRevenueAmt010600
IRS990/PYProgramServiceRevenueAmt01512053
IRS990/PYRevenuesLessExpensesAmt0-16568
IRS990/PYSalariesCompEmpBnftPaidAmt0157018
IRS990/PYTotalExpensesAmt01539743
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01523175
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt059185
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0555719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01001810
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0973425
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0972277
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0946720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0889556
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04783788
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0675
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0522
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0423
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0534
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0685
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02839
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99940
IRS990ScheduleA/PublicSupportPY170Pct00.99930
IRS990ScheduleA/PublicSupportTotal170Amt04783788
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01001810
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0973425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0972277
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0946720
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0889556
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04783788
IRS990ScheduleA/TotalSupportAmt04786627
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01998728
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05162219
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt07160947
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt050645
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt050645
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01499020
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0452958
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0452958
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0517228
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt151045
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt278352
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt352112
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt440855
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/Amt038184
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt135625
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1deferred rental income
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01558205
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/TotalBookValueLandBuildingsAmt02451686
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0739592
IRS990ScheduleD/TotalExpensesPerForm990Amt01499020
IRS990ScheduleD/TotalLiabilityAmt073809
IRS990ScheduleD/TotalRevenuePerForm990Amt01558205
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01558205
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01499020
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 11b
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/TotalAssetsBOYAmt03344747
IRS990/TotalAssetsEOYAmt03324748
IRS990/TotalAssetsGrp/BOYAmt03344747
IRS990/TotalAssetsGrp/EOYAmt03324748
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0123199
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01375820
IRS990/TotalFunctionalExpensesGrp/TotalAmt01499019
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06206597
IRS990/TotalLiabilitiesEOYAmt06127412
IRS990/TotalLiabilitiesGrp/BOYAmt06206597
IRS990/TotalLiabilitiesGrp/EOYAmt06127412
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2861850
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2802664
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01967
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01967
IRS990/TotalProgramServiceExpensesAmt01375820
IRS990/TotalProgramServiceRevenueAmt01557529
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0675
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01557529
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01558204
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03344747
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03324748
IRS990/TotReportableCompRltdOrgAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,324,748
Liabilities
$6,127,412
Net assets
-$2,802,664
Revenue
$1,558,204
Expenses
$1,499,019
Net income
$59,185
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