Civic Intelligence

Preferred Properties Inc

EIN 34-1715222 • 501(c)3 • Toledo, OH

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Profile

The mission of preferred properties is to create and manage affordable and accessible housing for persons with disabilities, seniors, and others in need that will facilitate their choice of community.

5555 Airport Highway 145Toledo, OH 43615

www.preferred-properties.org

Siviq Scores

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

Liabilities / Assets

39th percentile

0.06x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.40x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

20th percentile

-9.4%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

39th percentile

$104,341

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

31st percentile

-1.2%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

-0.4%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$7,685,101

Down $96,444 (-1.2%) from 2023

Liabilities

Up

$469,019

Up $13,885 (+3.1%) from 2023

Net Assets

Down

$7,216,082

Down $110,329 (-1.5%) from 2023

Operations
Liabilities / Revenue71st percentileNet Margin20th percentile

Revenue

Down

$1,175,700

Down $5,074 (-0.4%) from 2023

Expenses

Up

$1,286,029

Up $100,950 (+8.5%) from 2023

Net Income

Down

-$110,329

Down $106,024 (-2463%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

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

$10M$5.0M$0Assets 2010: $6,437,407Liabilities 2010: $394,583Net Assets 2010: $6,042,8242010Assets 2011: $7,261,426Liabilities 2011: $282,291Net Assets 2011: $6,979,1352011Assets 2012: $8,476,055Liabilities 2012: $224,069Net Assets 2012: $8,251,9862012Assets 2013: $8,598,394Liabilities 2013: $180,020Net Assets 2013: $8,418,3742013Assets 2014: $8,793,122Liabilities 2014: $72,820Net Assets 2014: $8,720,3022014Assets 2015: $8,569,850Liabilities 2015: $63,921Net Assets 2015: $8,505,9292015Assets 2016: $8,711,918Liabilities 2016: $79,578Net Assets 2016: $8,632,3402016Assets 2017: $8,640,527Liabilities 2017: $89,708Net Assets 2017: $8,550,8192017Assets 2018: $8,955,237Liabilities 2018: $77,422Net Assets 2018: $8,877,8152018Assets 2019: $7,112,119Liabilities 2019: $85,388Net Assets 2019: $7,026,7312019Assets 2020: $7,171,001Liabilities 2020: $96,896Net Assets 2020: $7,074,1052020Assets 2021: $7,535,694Liabilities 2021: $336,049Net Assets 2021: $7,199,6452021Assets 2022: $7,733,847Liabilities 2022: $403,131Net Assets 2022: $7,330,7162022Assets 2023: $7,781,545Liabilities 2023: $455,134Net Assets 2023: $7,326,4112023Assets 2024: $7,685,101Liabilities 2024: $469,019Net Assets 2024: $7,216,0822024

Highlighted filing

2024

Assets$7,685,101
Liabilities$469,019
Net Assets$7,216,082
Open 2024 Filing

Operations Trend

Revenue Growth34th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,030,1402010Expenses 2011: $1,325,6862011Expenses 2012: $1,331,0532012Expenses 2013: $1,393,9932013Revenue 2014: $1,759,197Expenses 2014: $1,457,269Net Income 2014: $301,9282014Revenue 2015: $1,894,869Expenses 2015: $2,109,242Net Income 2015: -$214,3732015Revenue 2016: $1,385,398Expenses 2016: $1,258,987Net Income 2016: $126,4112016Revenue 2017: $1,287,799Expenses 2017: $1,318,983Net Income 2017: -$31,1842017Revenue 2018: $1,657,100Expenses 2018: $1,330,104Net Income 2018: $326,9962018Revenue 2019: $1,587,869Expenses 2019: $2,157,708Net Income 2019: -$569,8392019Revenue 2020: $1,329,801Expenses 2020: $1,282,427Net Income 2020: $47,3742020Revenue 2021: $1,351,987Expenses 2021: $1,226,447Net Income 2021: $125,5402021Revenue 2022: $1,320,983Expenses 2022: $1,189,912Net Income 2022: $131,0712022Revenue 2023: $1,180,774Expenses 2023: $1,185,079Net Income 2023: -$4,3052023Revenue 2024: $1,175,700Expenses 2024: $1,286,029Net Income 2024: -$110,3292024

Highlighted filing

2024

Revenue$1,175,700
Expenses$1,286,029
Net Income-$110,329
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,685,101
Liabilities
$469,019
Net assets
$7,216,082
Revenue
$1,175,700
Expenses
$1,286,029
Net income
-$110,329
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.69$0.47$7.22$1.18$1.29$0.11
2023Detailed filing. Detailed filing data is available for this year.$7.78$0.46$7.33$1.18$1.19$0.00
2022Detailed filing. Detailed filing data is available for this year.$7.73$0.40$7.33$1.32$1.19$0.13
2021Detailed filing. Detailed filing data is available for this year.$7.54$0.34$7.20$1.35$1.23$0.13
2020Detailed filing. Detailed filing data is available for this year.$7.17$0.10$7.07$1.33$1.28$0.05
2019Detailed filing. Detailed filing data is available for this year.$7.11$0.09$7.03$1.59$2.16$0.57
2018Detailed filing. Detailed filing data is available for this year.$8.96$0.08$8.88$1.66$1.33$0.33
2017Detailed filing. Detailed filing data is available for this year.$8.64$0.09$8.55$1.29$1.32$0.03
2016Detailed filing. Detailed filing data is available for this year.$8.71$0.08$8.63$1.39$1.26$0.13
2015Detailed filing. Detailed filing data is available for this year.$8.57$0.06$8.51$1.89$2.11$0.21
2014Detailed filing. Detailed filing data is available for this year.$8.79$0.07$8.72$1.76$1.46$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.60$0.18$8.42$1.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.48$0.22$8.25$1.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.26$0.28$6.98$1.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.44$0.39$6.04$2.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$1,175,700
Mission and Program Overview

Mission

The mission of preferred properties is to create and manage affordable and accessible housing for persons with disabilities, seniors, and others in need that will facilitate their choice of community.

Providing affordable and accessible housing for persons with disabilities and others in need

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$4,152,614$4,238,454▲ $85,840
Land, Buildings, and Equipment, Net$2,839,100$2,690,773▼ $148,327
Cash and Non-Interest-Bearing Accounts$359,805$395,580▲ $35,775
Savings and Temporary Cash Investments$262,050$234,113▼ $27,937
Accounts Receivable$164,931$124,186▼ $40,745
Total Assets$7,781,545$7,685,101▼ $96,444
Other Assets Total$3,045$1,995▼ $1,050
Liabilities
Deferred Revenue$399,627$402,320▲ $2,693
Accounts Payable and Accrued Expenses$25,072$38,782▲ $13,710
Other Liabilities$30,435$27,917▼ $2,518
Total Liabilities$455,134$469,019▲ $13,885
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,869,317$3,789,728▼ $79,589
Net Assets Without Donor Restrictions$3,457,094$3,426,354▼ $30,740
Total Net Assets Fund Balance$7,326,411$7,216,082▼ $110,329
Total Liabilities and Net Assets / Fund Balance$7,781,545$7,685,101▼ $96,444

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,017,593$3,842,433$5,860,026
Land$617,547-$617,547
Equipment$10,286$198,085$208,371
Other Land Buildings$45,347$58,303$103,650
Investment Program Related Org$4,238,454--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cheryl WilsonExecutive DirectorPT$94,096$10,245$104,341

Board Members and Trustees

NameTitle
Tamara WittkofskeChair
Glenda HudsonVice Chairman
Jennifer CoxTrustee
Leslye ColbertTrustee
Nicole WilliamsTrustee
Jean AbercrombeSecretary
Harry Brown JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$464,482
Program Service Revenue
$623,955
Investment Income
$86,953
Other Revenue
$310
All Other Contributions
$78
Change in Net Assets
$-110,329

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,175,700
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,175,700
Total Revenue per Form 990
$1,175,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$719,017
Other Expenses$567,012
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$342,628$85,657-$428,285
Occupancy$320,147$7,559-$327,706
Depreciation Depletion$148,327--$148,327
Other Employee Benefits$108,041$32,272-$140,313
Current Officers, Directors, Trustees, and Key Employees$83,165$21,176-$104,341
Payroll Taxes$35,480$10,598-$46,078
Office Expenses$24,063$4,490-$28,553
Fees for Services Accounting-$24,746-$24,746
Travel$14,119$279-$14,398
Fees for Services Legal$3,057$340-$3,397
Insurance-$2,820-$2,820
Fees for Services Other$1,715$190-$1,905
Advertising$1,248$587-$1,835
Other Expenses$933$190-$1,123
Total Functional Expenses$1,095,125$190,904$0$1,286,029

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,286,029
Total Expenses per Audited Statements$1,286,029
Total Expenses per Form 990$1,286,029
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
Deposits$27,917
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization does not have committees of the governing body with authority to act on behalf of the governing body.”

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

“Preferred properties, inc. Provided the governing body with a copy of the organization's form 990 for review and comments before filing.”

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

“Preferred properties, inc. Regularly and consistently monitors and enforces compliance with its conflict of interest policy.”

Form 990, Part VI, Section B, Line 15A

“Preferred properties, inc. Board reviews and approves compensation for the executive director. The executive director reviews and approves compensation for all other officers and key employees. On an annual basis, comparability data and contemporaneous substantiation are used in the decision process.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Preferred Properties Inc
EIN
34-1715222
Phone
4192449609
Address
5555 AIRPORT HIGHWAY 145, TOLEDO, OH 43615

Signing Officer

Name
Cheryl Wilson
Title
Executive Director
Phone
4192449609
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheryl Wilson
Formed
1992
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
15
Volunteers
7

Preparer

Firm
Cliftonlarsonallen Llp
Address
1785 INDIAN WOOD CIRCLE, MAUMEE, OH 43537
Preparer
Brittany Malczewski CPA
Phone
4197942000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No changes from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Management of the organization is required to determine whether a tax position of the organization is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Management of the organization is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. However, management's conclusions may be subject to review and adjustment at a later date based on factors including, but not limited to, new tax laws, regulations, and administrative interpretations (including relevant court decisions). The organization's federal tax returns for the prior three fiscal years remain subject to examination by the internal revenue service.”

Raw XML AppendixShowing 400 of 590 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/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF PREFERRED PROPERTIES IS TO CREATE AND MANAGE AFFORDABLE AND ACCESSIBLE HOUSING FOR PERSONS WITH DISABILITIES, SENIORS, AND OTHERS IN NEED THAT WILL FACILITATE THEIR CHOICE OF COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07326411
IRS990/NetAssetsOrFundBalancesEOYAmt07216082
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03457094
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03426354
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt07559
IRS990/OccupancyGrp/ProgramServicesAmt0320147
IRS990/OccupancyGrp/TotalAmt0327706
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04490
IRS990/OfficeExpensesGrp/ProgramServicesAmt024063
IRS990/OfficeExpensesGrp/TotalAmt028553
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03045
IRS990/OtherAssetsTotalGrp/EOYAmt01995
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt032272
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0108041
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0140313
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1PUBLICATIONS & DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0190
IRS990/OtherExpensesGrp/ProgramServicesAmt012202
IRS990/OtherExpensesGrp/ProgramServicesAmt1933
IRS990/OtherExpensesGrp/TotalAmt012202
IRS990/OtherExpensesGrp/TotalAmt11123
IRS990/OtherLiabilitiesGrp/BOYAmt030435
IRS990/OtherLiabilitiesGrp/EOYAmt027917
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS TENANT R
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0310
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0310
IRS990/OtherRevenueTotalAmt0310
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt085657
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0342628
IRS990/OtherSalariesAndWagesGrp/TotalAmt0428285
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010598
IRS990/PayrollTaxesGrp/ProgramServicesAmt035480
IRS990/PayrollTaxesGrp/TotalAmt046078
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHERYL WILSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531310
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0344118
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1279837
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0344118
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1279837
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0420821
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt086664
IRS990/PYOtherExpensesAmt0480901
IRS990/PYOtherRevenueAmt020
IRS990/PYProgramServiceRevenueAmt0673269
IRS990/PYRevenuesLessExpensesAmt0-4305
IRS990/PYSalariesCompEmpBnftPaidAmt0704178
IRS990/PYTotalExpensesAmt01185079
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01180774
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-110329
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0711218
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0262050
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0234113
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TENANT REV MISC INC - 2019 AMOUNT: $ 18,786. 2020 AMOUNT: $ 25,065. 2021 AMOUNT: $ 6,122. 2022 AMOUNT: $ 20. 2023 AMOUNT: $ 310.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0464482
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0420821
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0593700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0596174
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0571349
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02646526
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01113
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0824
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0238
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0248
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0274
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02697
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03659719
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0310
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt020
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06122
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt025065
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt018786
IRS990ScheduleA/OtherIncome170Grp/TotalAmt050303
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98040
IRS990ScheduleA/PublicSupportPY170Pct00.97800
IRS990ScheduleA/PublicSupportTotal170Amt02646526
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0464482
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0420821
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0593700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0596174
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0571349
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02646526
IRS990ScheduleA/TotalSupportAmt02699526
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02017593
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03842433
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05860026
IRS990ScheduleD/EquipmentGrp/BookValueAmt010286
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0198085
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0208371
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01286029
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt04238454
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS - PROGRAM RELATED
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt0617547
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0617547
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt045347
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt058303
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0103650
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027917
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01175700
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT OF THE ORGANIZATION IS REQUIRED TO DETERMINE WHETHER A TAX POSITION OF THE ORGANIZATION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT OF THE ORGANIZATION IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. HOWEVER, MANAGEMENT'S CONCLUSIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, NEW TAX LAWS, REGULATIONS, AND ADMINISTRATIVE INTERPRETATIONS (INCLUDING RELEVANT COURT DECISIONS). THE ORGANIZATION'S FEDERAL TAX RETURNS FOR THE PRIOR THREE FISCAL YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02690773
IRS990ScheduleD/TotalBookValueProgramRltdAmt04238454
IRS990ScheduleD/TotalExpensesPerForm990Amt01286029
IRS990ScheduleD/TotalLiabilityAmt027917
IRS990ScheduleD/TotalRevenuePerForm990Amt01175700
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01175700
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01286029
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE COMMITTEES OF THE GOVERNING BODY WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREFERRED PROPERTIES, INC. PROVIDED THE GOVERNING BODY WITH A COPY OF THE ORGANIZATION'S FORM 990 FOR REVIEW AND COMMENTS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PREFERRED PROPERTIES, INC. REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PREFERRED PROPERTIES, INC. BOARD REVIEWS AND APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR REVIEWS AND APPROVES COMPENSATION FOR ALL OTHER OFFICERS AND KEY EMPLOYEES. ON AN ANNUAL BASIS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION ARE USED IN THE DECISION PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGES FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd21
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd31
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0263319169
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1272500443
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2273738022
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN3811662735
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2OH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd3OH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct21.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct31.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0HOUSING FOR ELDERLY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1HOUSING

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