Civic Intelligence

Preferred Properties Inc.

990 • Fiscal year 2016 • EIN 34-1715222

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 06, 2017

Organization ProfileWWW.PREFERRED-PROPERTIES.ORG

View Organization Page

5555 Airport Highway No 145Toledo, OH 43615

(419) 244-9609

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

24th percentile

0.06x

Higher debt load relative to revenue than 24% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

69th percentile

9.1%

Higher net margin than 69% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

45th percentile

$110,117

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

51st percentile

1.7%

Faster asset growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

12th percentile

-27%

Faster revenue growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$8,711,918

Up $142,068 (+1.7%) from 2015

Net Assets

Up

$8,632,340

Up $126,411 (+1.5%) from 2015

Liabilities

Up

$79,578

Up $15,657 (+24%) from 2015

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin69th percentile

Revenue

Down

$1,385,398

Down $509,471 (-27%) from 2015

Expenses

Down

$1,258,987

Down $850,255 (-40%) from 2015

Net Income

Up

$126,411

Up $340,784 (+159%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$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

2016

Assets$8,711,918
Liabilities$79,578
Net Assets$8,632,340
Open 2016 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$1,385,398
Expenses$1,258,987
Net Income$126,411
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 6, 2017
Return Version
2015v3.0
Gross Receipts
$1,424,433
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$5,340,795$5,552,410▲ $211,615
Land, Buildings, and Equipment, Net$2,668,540$2,518,266▼ $150,274
Savings and Temporary Cash Investments$345,040$248,254▼ $96,786
Pledges and Grants Receivable-$200,000-
Accounts Receivable$178,236$182,802▲ $4,566
Prepaid Expenses and Deferred Charges$29,132$1,563▼ $27,569
Cash and Non-Interest-Bearing Accounts$1,179$1,298▲ $119
Total Assets$8,569,850$8,711,918▲ $142,068
Other Assets Total$6,928$7,325▲ $397
Liabilities
Accounts Payable and Accrued Expenses$36,200$51,302▲ $15,102
Other Liabilities$24,451$25,051▲ $600
Escrow Account Liability$3,270$3,225▼ $45
Total Liabilities$63,921$79,578▲ $15,657
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,392,208$4,353,581▼ $38,627
Unrestricted Net Assets$4,013,721$4,178,759▲ $165,038
Permanently Rstr Net Assets$100,000$100,000→ $0
Total Net Assets Fund Balance$8,505,929$8,632,340▲ $126,411
Total Liabilities and Net Assets / Fund Balance$8,569,850$8,711,918▲ $142,068

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,917,767$2,575,224$4,492,991
Land$598,047-$518,476
Equipment$1,196$134,208$135,404
Other Land Buildings$1,256$53,347$54,603
Investment Program Related Org$5,552,410--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yvonda BeanExecutive DirectorPT$70,831$39,286$110,117

Board Members and Trustees

NameTitle
CHARLOTTE O'NEILChair
Tony PisanoFormer Vice Chairman
Doug FletcherFormer Trustee
Abel Herrera JrTrustee
Chris VogelpohlTrustee
John RootTrustee
Julia BryantTrustee
Matt BlackTrustee
Jon ElstonSecretary
John NolanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$435,837
Program Service Revenue
$743,539
Investment Income
$201,931
Other Revenue
$4,091
All Other Contributions
$7,049
Change in Net Assets
$126,411

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,385,398
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,385,398
Total Revenue per Form 990
$1,385,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$783,246
Other Expenses$475,741
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$400,795$57,831-$458,626
Occupancy$190,316$12,607-$202,923
Depreciation Depletion$176,324$119-$176,443
Other Employee Benefits$125,405$20,760-$146,165
Current Officers, Directors, Trustees, and Key Employees$66,187$44,124-$110,311
Payroll Taxes$41,709$8,962-$50,671
Travel$23,400$676-$24,076
Fees for Services Accounting-$18,539-$18,539
Office Expenses$13,887$4,641-$18,528
Pension Plan Contributions$15,312$2,161-$17,473
All Other Expenses$10,620--$10,620
Insurance-$4,053-$4,053
Conferences and Meetings$1,917$388-$2,305
Other Expenses$1,789$362-$2,151
Advertising$817$393-$1,210
Fees for Services Other$532$108-$640
Total Functional Expenses$1,083,263$175,724$0$1,258,987

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,258,987
Total Expenses per Audited Statements$1,258,987
Total Expenses per Form 990$1,258,987
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$25,051
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 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 11

“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 NO 145, TOLEDO, OH 43615

Signing Officer

Name
Kendra Smith
Title
Executive Director
Phone
4192449609
Signed
2017-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kendra Smith
Formed
1992
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
8
Employees
13
Volunteers
10

Preparer

Firm
Gilmore Jasion Mahler Ltd
Address
1715 INDIAN WOOD CIRCLE STE 100, MAUMEE, OH 43537
Preparer
Heidi Ferguson
Phone
4197942000
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“Preferred properties, inc. Is an agent for funds given by the city of toledo to autumn wood ii.”

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 741 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/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt05340795
IRS990/InvestmentsProgramRelatedGrp/EOYAmt05552410
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02762779
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02668540
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02518266
IRS990/LandBldgEquipCostOrOtherBssAmt05281045
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt039035
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/NetAssetsOrFundBalancesBOYAmt08505929
IRS990/NetAssetsOrFundBalancesEOYAmt08632340
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-10035
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-10035
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt012607
IRS990/OccupancyGrp/ProgramServicesAmt0190316
IRS990/OccupancyGrp/TotalAmt0202923
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04641
IRS990/OfficeExpensesGrp/ProgramServicesAmt013887
IRS990/OfficeExpensesGrp/TotalAmt018528
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06928
IRS990/OtherAssetsTotalGrp/EOYAmt07325
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020760
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0125405
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0146165
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0362
IRS990/OtherExpensesGrp/ProgramServicesAmt014253
IRS990/OtherExpensesGrp/ProgramServicesAmt11789
IRS990/OtherExpensesGrp/TotalAmt014253
IRS990/OtherExpensesGrp/TotalAmt12151
IRS990/OtherLiabilitiesGrp/BOYAmt024451
IRS990/OtherLiabilitiesGrp/EOYAmt025051
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS TENANT R
IRS990/OtherRevenueMiscGrp/ExclusionAmt0178
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03913
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04091
IRS990/OtherRevenueTotalAmt04091
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt057831
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0400795
IRS990/OtherSalariesAndWagesGrp/TotalAmt0458626
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08962
IRS990/PayrollTaxesGrp/ProgramServicesAmt041709
IRS990/PayrollTaxesGrp/TotalAmt050671
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02161
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt015312
IRS990/PensionPlanContributionsGrp/TotalAmt017473
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0100000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0100000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0200000
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029132
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01563
IRS990/PrincipalOfficerNm0KENDRA SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531310
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2DEVELOPMENT FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0347347
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1335799
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt260393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0347347
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1335799
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt260393
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0910898
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0464388
IRS990/PYInvestmentIncomeAmt0203551
IRS990/PYOtherExpensesAmt0837604
IRS990/PYOtherRevenueAmt08105
IRS990/PYProgramServiceRevenueAmt0772315
IRS990/PYRevenuesLessExpensesAmt0-214373
IRS990/PYSalariesCompEmpBnftPaidAmt0807250
IRS990/PYTotalExpensesAmt02109242
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01894869
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0126411
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0959170
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0345040
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0248254
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TENANT REV MISC INC - 2011 AMOUNT: $ 6,866. 2012 AMOUNT: $ 6,971. 2013 AMOUNT: $ 8,021. 2014 AMOUNT: $ 8,105. 2015 AMOUNT: $ 4,091.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0435837
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0910898
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0872537
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0606147
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01423654
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04249073
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0211966
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0203551
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0195739
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0187714
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0171358
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0970328
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03943449
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04091
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt08105
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08021
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06971
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06866
IRS990ScheduleA/OtherIncome170Grp/TotalAmt034054
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.80880
IRS990ScheduleA/PublicSupportPY170Pct00.85150
IRS990ScheduleA/PublicSupportTotal170Amt04249073
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0435837
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0910898
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0872537
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0606147
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01423654
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04249073
IRS990ScheduleA/TotalSupportAmt05253455
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/BookValueAmt01917767
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02575224
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04492991
IRS990ScheduleD/EquipmentGrp/BookValueAmt01196
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0134208
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0135404
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01258987
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05552410
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS - PROGRAM RELATED
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt0598047
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt079571
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0518476
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01256
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt053347
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt054603
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025051
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01385398
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PREFERRED PROPERTIES, INC. IS AN AGENT FOR FUNDS GIVEN BY THE CITY OF TOLEDO TO AUTUMN WOOD II.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT 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 IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02518266

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$8,711,918
Liabilities
$79,578
Net assets
$8,632,340
Revenue
$1,385,398
Expenses
$1,258,987
Net income
$126,411
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