Civic Intelligence

Preferred Properties Inc.

990 • Fiscal year 2017 • EIN 34-1715222

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 20, 2018

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

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

29th percentile

0.07x

Higher debt load relative to revenue than 29% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

29th percentile

-2.4%

Higher net margin than 29% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

27th percentile

$69,547

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

31st percentile

-0.8%

Faster asset growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

21st percentile

-7.0%

Faster revenue growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$8,640,527

Down $71,391 (-0.8%) from 2016

Net Assets

Down

$8,550,819

Down $81,521 (-0.9%) from 2016

Liabilities

Up

$89,708

Up $10,130 (+13%) from 2016

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin29th percentile

Revenue

Down

$1,287,799

Down $97,599 (-7.0%) from 2016

Expenses

Up

$1,318,983

Up $59,996 (+4.8%) from 2016

Net Income

Down

-$31,184

Down $157,595 (-125%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2017

Assets$8,640,527
Liabilities$89,708
Net Assets$8,550,819
Open 2017 Filing

Operations Trend

Revenue Growth21st 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

2017

Revenue$1,287,799
Expenses$1,318,983
Net Income-$31,184
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 20, 2018
Return Version
2016v3.0
Gross Receipts
$1,287,799
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$5,552,410$5,557,056▲ $4,646
Land, Buildings, and Equipment, Net$2,518,266$2,393,474▼ $124,792
Savings and Temporary Cash Investments$248,254$517,577▲ $269,323
Accounts Receivable$182,802$124,906▼ $57,896
Cash and Non-Interest-Bearing Accounts$1,298$31,859▲ $30,561
Pledges and Grants Receivable$200,000$8,500▼ $191,500
Prepaid Expenses and Deferred Charges$1,563$0▼ $1,563
Total Assets$8,711,918$8,640,527▼ $71,391
Other Assets Total$7,325$7,155▼ $170
Liabilities
Accounts Payable and Accrued Expenses$51,302$62,190▲ $10,888
Other Liabilities$25,051$24,293▼ $758
Escrow Account Liability$3,225$3,225→ $0
Total Liabilities$79,578$89,708▲ $10,130
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,353,581$4,292,473▼ $61,108
Unrestricted Net Assets$4,178,759$4,158,346▼ $20,413
Permanently Rstr Net Assets$100,000$100,000→ $0
Total Net Assets Fund Balance$8,632,340$8,550,819▼ $81,521
Total Liabilities and Net Assets / Fund Balance$8,711,918$8,640,527▼ $71,391

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,763,085$2,740,806$4,503,891
Land$598,047-$518,476
Equipment$31,479$116,498$147,977
Other Land Buildings$863$53,740$54,603
Investment Program Related Org$5,557,056--
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
yvonda BeanExecutive Director - FormerPT$44,182$25,365$69,547
Kendra SmithExecutive DirectorPT$9,809$2,461$12,270

Board Members and Trustees

NameTitle
John NolanChair
Julia BryantVice Chairman
Abel Herrera JrTrustee
Chris Vogelpohltrustee
Connie FarellTrustee
Crystal DixonTrustee
Lawrence Mooretrustee
Veronica Rosstrustee
Jon ElstonSecretary
Matt BlackTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$409,656
Program Service Revenue
$644,047
Investment Income
$224,016
Other Revenue
$10,080
All Other Contributions
$1,156
Change in Net Assets
$-31,184

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,287,799
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,287,799
Total Revenue per Form 990
$1,287,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$738,131
Other Expenses$580,852
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$382,508$51,354-$433,862
Occupancy$183,469$13,274-$196,743
Other Employee Benefits$149,296$24,205-$173,501
Depreciation Depletion$169,202$145-$169,347
Current Officers, Directors, Trustees, and Key Employees$40,503$27,002-$67,505
Payroll Taxes$40,411$7,316-$47,727
Travel$21,815$437-$22,252
Fees for Services Other$17,542$1,141-$18,683
Office Expenses$12,810$4,586-$17,396
Fees for Services Accounting-$16,765-$16,765
Pension Plan Contributions$13,059$2,477-$15,536
All Other Expenses$11,283$112-$11,395
Insurance-$4,449-$4,449
Other Expenses$1,763$277-$2,040
Conferences and Meetings$1,373$242-$1,615
Advertising$859$211-$1,070
Fees for Services Legal$102$18-$120
Total Functional Expenses$1,052,581$266,402$0$1,318,983

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,369,320
Expenses per Audited Statements$1,318,983
Total Expenses per Form 990$1,318,983
Expenses Not Reported on Form 990$50,337
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$24,293
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 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 No 145, TOLEDO, OH 43615

Signing Officer

Name
Kendra Smith
Title
Executive Director
Phone
4192449609
Signed
2018-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kendra Smith
Formed
1992
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
17
Volunteers
9

Preparer

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

Additional Explanations

Form 990, Part XII, Line 2C:

“There has been no change to the oversight process or selection process during the tax year.”

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.”

Part XII, Line 2D - Other Adjustments:

“Unrealized impairment loss 50,337.”

Raw XML AppendixShowing 400 of 767 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/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt051302
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt062190
IRS990/AccountsReceivableGrp/BOYAmt0182802
IRS990/AccountsReceivableGrp/EOYAmt0124906
IRS990/AcctCompileOrReviewBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Providing AFFORDABLE AND AccESSIBLE HOUSING FOR PERSONS WITH DISABILITIES AND OTHERS IN NEED
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0211
IRS990/AdvertisingGrp/ProgramServicesAmt0859
IRS990/AdvertisingGrp/TotalAmt01070
IRS990/AllOtherContributionsAmt01156
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0112
IRS990/AllOtherExpensesGrp/ProgramServicesAmt011283
IRS990/AllOtherExpensesGrp/TotalAmt011395
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Kendra Smith
IRS990/BooksInCareOfDetail/PhoneNum04192449609
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05555 airport highway suite 145
IRS990/BooksInCareOfDetail/USAddress/CityNm0TOLEDO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd043615
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01298
IRS990/CashNonInterestBearingGrp/EOYAmt031859
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt027002
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt040503
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt067505
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0242
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01373
IRS990/ConferencesMeetingsGrp/TotalAmt01615
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0409656
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0224016
IRS990/CYOtherExpensesAmt0580852
IRS990/CYOtherRevenueAmt010080
IRS990/CYProgramServiceRevenueAmt0644047
IRS990/CYRevenuesLessExpensesAmt0-31184
IRS990/CYSalariesCompEmpBnftPaidAmt0738131
IRS990/CYTotalExpensesAmt01318983
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01287799
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0145
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0169202
IRS990/DepreciationDepletionGrp/TotalAmt0169347
IRS990/Desc0Provide affordable housing to persons with disabilities
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt017
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt03225
IRS990/EscrowAccountLiabilityGrp/EOYAmt03225
IRS990/ExpenseAmt01052581
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016765
IRS990/FeesForServicesAccountingGrp/TotalAmt016765
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt018
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0102
IRS990/FeesForServicesLegalGrp/TotalAmt0120
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01141
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt017542
IRS990/FeesForServicesOtherGrp/TotalAmt018683
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.03
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.01
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.02
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.03
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.02
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.03
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.03
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.02
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.02
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt106.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt116.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.14
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.18
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.16
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.14
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.13
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.06
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1034.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1134.00
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/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
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/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1017569
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt11731
IRS990/Form990PartVIISectionAGrp/PersonNm0Julia Bryant
IRS990/Form990PartVIISectionAGrp/PersonNm1Abel Herrera Jr
IRS990/Form990PartVIISectionAGrp/PersonNm2Jon Elston
IRS990/Form990PartVIISectionAGrp/PersonNm3John Nolan
IRS990/Form990PartVIISectionAGrp/PersonNm4Matt Black
IRS990/Form990PartVIISectionAGrp/PersonNm5Chris Vogelpohl
IRS990/Form990PartVIISectionAGrp/PersonNm6Veronica Ross
IRS990/Form990PartVIISectionAGrp/PersonNm7Lawrence Moore
IRS990/Form990PartVIISectionAGrp/PersonNm8Crystal Dixon
IRS990/Form990PartVIISectionAGrp/PersonNm9Connie Farell
IRS990/Form990PartVIISectionAGrp/PersonNm10yvonda Bean
IRS990/Form990PartVIISectionAGrp/PersonNm11Kendra Smith
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/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1044182
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt119809
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt107796
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt111730
IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Executive Director - Former
IRS990/Form990PartVIISectionAGrp/TitleTxt11Executive Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt02459
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0408500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02459
IRS990/GrossReceiptsAmt01287799
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04449
IRS990/InsuranceGrp/TotalAmt04449
IRS990/InvestmentIncomeGrp/ExclusionAmt0523
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0221034
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0221557
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt05552410
IRS990/InvestmentsProgramRelatedGrp/EOYAmt05557056
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02911044
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02518266
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02393474
IRS990/LandBldgEquipCostOrOtherBssAmt05304518
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
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/NetAssetsOrFundBalancesBOYAmt08632340
IRS990/NetAssetsOrFundBalancesEOYAmt08550819
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02459
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02459
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-50337
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt013274
IRS990/OccupancyGrp/ProgramServicesAmt0183469
IRS990/OccupancyGrp/TotalAmt0196743
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04586
IRS990/OfficeExpensesGrp/ProgramServicesAmt012810
IRS990/OfficeExpensesGrp/TotalAmt017396
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07325
IRS990/OtherAssetsTotalGrp/EOYAmt07155
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024205
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0149296
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0173501
IRS990/OtherExpensesGrp/Desc0Bad Debt
IRS990/OtherExpensesGrp/Desc1Development
IRS990/OtherExpensesGrp/Desc2Dues & Subscriptions
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0112391
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1277
IRS990/OtherExpensesGrp/ProgramServicesAmt06586
IRS990/OtherExpensesGrp/ProgramServicesAmt11763
IRS990/OtherExpensesGrp/TotalAmt0112391
IRS990/OtherExpensesGrp/TotalAmt16586
IRS990/OtherExpensesGrp/TotalAmt22040
IRS990/OtherLiabilitiesGrp/BOYAmt025051
IRS990/OtherLiabilitiesGrp/EOYAmt024293
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Tenant R
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010080
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010080
IRS990/OtherRevenueTotalAmt010080
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt051354
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0382508
IRS990/OtherSalariesAndWagesGrp/TotalAmt0433862
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07316
IRS990/PayrollTaxesGrp/ProgramServicesAmt040411
IRS990/PayrollTaxesGrp/TotalAmt047727
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02477
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013059
IRS990/PensionPlanContributionsGrp/TotalAmt015536
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0100000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0100000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0200000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt08500
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01563
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Kendra Smith
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531310
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/Desc1Management Fee Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0329131
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1314916
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0329131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1314916
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0435837
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0201931
IRS990/PYOtherExpensesAmt0475741
IRS990/PYOtherRevenueAmt04091
IRS990/PYProgramServiceRevenueAmt0743539
IRS990/PYRevenuesLessExpensesAmt0126411
IRS990/PYSalariesCompEmpBnftPaidAmt0783246
IRS990/PYTotalExpensesAmt01258987
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01385398
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-31184
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0875161
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0248254
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0517577
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Tenant Rev Misc Inc - 2012 Amount: $ 6,971. 2013 Amount: $ 8,021. 2014 Amount: $ 8,105. 2015 Amount: $ 4,091. 2016 Amount: $ 10,080.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0409656
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0435837
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0910898
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0872537
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0606147
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03235075
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0221557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0211966
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0203551
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0195739
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0187714
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01020527
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03580470
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt010080
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04091
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08105
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08021
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06971
IRS990ScheduleA/OtherIncome170Grp/TotalAmt037268
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75360
IRS990ScheduleA/PublicSupportPY170Pct00.80880
IRS990ScheduleA/PublicSupportTotal170Amt03235075
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0409656
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0435837
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0910898
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0872537
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0606147
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03235075
IRS990ScheduleA/TotalSupportAmt04292870
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/BookValueAmt01763085
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02740806
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04503891
IRS990ScheduleD/EquipmentGrp/BookValueAmt031479
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0116498
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0147977
IRS990ScheduleD/ExpensesNotReportedAmt050337
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01318983
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05557056
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Investments - Program related
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt0598047
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt079571

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,640,527
Liabilities
$89,708
Net assets
$8,550,819
Revenue
$1,287,799
Expenses
$1,318,983
Net income
-$31,184
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