Civic Intelligence

Alpha Properties Inc.

990 • Fiscal year 2019 • EIN 35-1432669

Oct 01, 2018 to Sep 30, 2019 • Filed on Feb 25, 2020

13091 Benedict DriveDillsboro, IN 47018

(812) 432-6270

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.96x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

2.60x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

25th percentile

-4.4%

Faster asset growth than 25% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

54th percentile

6.2%

Faster revenue growth than 54% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$791,802

Down $36,286 (-4.4%) from 2018

Net Assets

Down

$30,180

Down $32,112 (-52%) from 2018

Liabilities

Down

$761,622

Down $4,174 (-0.5%) from 2018

Revenue

Up

$292,867

Up $16,983 (+6.2%) from 2018

Expenses

Up

$324,979

Up $45,423 (+16%) from 2018

Net Income

Down

-$32,112

Down $28,440 (-775%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2010: $1,196,580Liabilities 2010: $1,538,511Net Assets 2010: -$341,9312010Assets 2011: $1,172,321Liabilities 2011: $947,254Net Assets 2011: $225,0672011Assets 2012: $1,138,955Liabilities 2012: $939,845Net Assets 2012: $199,1102012Assets 2013: $1,026,408Liabilities 2013: $903,384Net Assets 2013: $123,0242013Assets 2014: $1,006,347Liabilities 2014: $893,952Net Assets 2014: $112,3952014Assets 2015: $978,591Liabilities 2015: $873,028Net Assets 2015: $105,5632015Assets 2016: $942,975Liabilities 2016: $855,565Net Assets 2016: $87,4102016Assets 2017: $864,016Liabilities 2017: $798,052Net Assets 2017: $65,9642017Assets 2018: $828,088Liabilities 2018: $765,796Net Assets 2018: $62,2922018Assets 2019: $791,802Liabilities 2019: $761,622Net Assets 2019: $30,1802019Assets 2020: $776,569Liabilities 2020: $746,475Net Assets 2020: $30,0942020Assets 2021: $767,455Liabilities 2021: $860,092Net Assets 2021: -$92,6372021Assets 2022: $709,512Liabilities 2022: $663,299Net Assets 2022: $46,2132022Assets 2023: $679,304Liabilities 2023: $670,680Net Assets 2023: $8,6242023Assets 2024: $741,359Liabilities 2024: $751,281Net Assets 2024: -$9,9222024

Highlighted filing

2019

Assets$791,802
Liabilities$761,622
Net Assets$30,180

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $232,295Expenses 2010: $243,974Net Income 2010: -$11,6792010Expenses 2011: $255,6402011Expenses 2012: $276,6102012Expenses 2013: $278,2932013Revenue 2014: $255,249Expenses 2014: $264,994Net Income 2014: -$9,7452014Revenue 2015: $253,549Expenses 2015: $257,238Net Income 2015: -$3,6892015Revenue 2016: $267,030Expenses 2016: $284,416Net Income 2016: -$17,3862016Revenue 2017: $272,087Expenses 2017: $293,533Net Income 2017: -$21,4462017Revenue 2018: $275,884Expenses 2018: $279,556Net Income 2018: -$3,6722018Revenue 2019: $292,867Expenses 2019: $324,979Net Income 2019: -$32,1122019Revenue 2020: $299,976Expenses 2020: $300,062Net Income 2020: -$862020Revenue 2021: $298,356Expenses 2021: $421,087Net Income 2021: -$122,7312021Revenue 2022: $454,369Expenses 2022: $315,519Net Income 2022: $138,8502022Revenue 2023: $516,515Expenses 2023: $554,104Net Income 2023: -$37,5892023Revenue 2024: $322,189Expenses 2024: $340,735Net Income 2024: -$18,5462024

Highlighted filing

2019

Revenue$292,867
Expenses$324,979
Net Income-$32,112
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Feb 25, 2020
Return Version
2018v3.1
Gross Receipts
$292,867
Mission and Program Overview

Mission

Housing for the elderly

HOUSING FOR THE ELDERLY.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$568,992$524,039▼ $44,953
Cash and Non-Interest-Bearing Accounts$12,617$23,338▲ $10,721
Intangible Assets$10,451$9,160▼ $1,291
Accounts Receivable$617$992▲ $375
Inventories for Sale or Use$681$681→ $0
Total Assets$828,088$791,802▼ $36,286
Other Assets Total$234,730$233,592▼ $1,138
Liabilities
Mortgage Notes Payable Secured by Investment Property$749,371$727,131▼ $22,240
Accounts Payable and Accrued Expenses$3,031$21,096▲ $18,065
Other Liabilities$13,394$13,395▲ $1
Total Liabilities$765,796$761,622▼ $4,174
Net Assets / Fund Balance
Unrestricted Net Assets$62,292$30,180▼ $32,112
Total Net Assets Fund Balance$62,292$30,180▼ $32,112
Total Liabilities and Net Assets / Fund Balance$828,088$791,802▼ $36,286

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$457,515$1,217,878$1,675,393
Leasehold Improvements$0$114,187$114,187
Land$66,524-$66,524
Other Land Buildings$0$46,220$46,220
Equipment$0$9,092$9,092
Other Assets Org$11,556--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sally Beckley - Exited 11119Executive Director$118,770$118,770

Board Members and Trustees

NameTitle
Steve Crabtree IiChairman
Doug RumpVice-chairman
Carol PolingDirector
Doug GarnerDirector
Erin Thomas - Started 11119Executive Director
Donnie HastingsSecretary/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$163,830
Program Service Revenue
$115,886
Investment Income
$140
Other Revenue
$13,011
Change in Net Assets
$-32,112

Audited Revenue Reconciliation

Revenue per Audited Statements
$292,867
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$292,867
Total Revenue per Form 990
$292,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,450
Salaries, Compensation, and Employee Benefits$95,529
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$69,406$6,640-$76,046
Depreciation Depletion$46,244--$46,244
Interest$41,953--$41,953
Office Expenses-$22,456-$22,456
Fees for Services Management$17,653$1,962-$19,615
Other Employee Benefits$13,729$1,525-$15,254
Fees for Services Accounting-$8,500-$8,500
Insurance$7,459$829-$8,288
Payroll Taxes$3,806$423-$4,229
Other Expenses$2,894$322-$3,216
All Other Expenses$2,767$142-$2,909
Total Functional Expenses$282,180$42,799$0$324,979

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$324,979
Total Expenses per Audited Statements$324,979
Total Expenses per Form 990$324,979
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$12,220
Prepaid Revenue$1,175
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

Line 11a explanation - alpha properties, inc.'s form 990 and all related schedules, statements and attachments are reviewed and approved by the executive director prior to finalizing and filing these tax returns with the internal revenue service. The tax return is then presented to the full board of directors for review and approval at a board meeting.

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

Each member of the board of directors and employees is required to complete a conflict of interest statement on an annual basis. The process is monitored by the executive director who then reports to the board of directors executive committee.

Form 990, Part VI, Section B, Line 15

Alpha properties, inc. (alpha) does not have any employees. Alpha does not compensate its officers or key employees. Alpha properties, inc. (alpha) does not have any employees. Alpha does not compensate its executive director or top management.

Form 990, Part VI, Section C, Line 19

Alpha properties, inc. Makes its governing documents, conflict of interest policy and financial statements, as applicable, available to the public upon written request made to the attention of our executive director and received at our corporate office address.

Filing and Contact Details

Filer

Filer Name
Alpha Properties Inc
EIN
35-1432669
Phone
8124326270
Address
13091 BENEDICT DRIVE, DILLSBORO, IN 47018

Signing Officer

Name
Sally Beckley
Title
Executive Director
Phone
8124326270
Signed
2020-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Thomas
Formed
1978
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Barnes Dennig & Co Ltd
Address
5750 CASTLE CREEK PKWY STE 245, INDIANAPOLIS, IN 46250
Preparer
Paula Hume
Phone
3175721130
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes in process from the prior year.

FORM 990; PART V; LINE 2A

Alpha properties, inc. (alpha) does not have any employees. All staffing requirements are provided by lifetime housing group, inc.(lifetime), a related tax exempt section 501(c)(3) organization. The only employees billed to alpha are a property manager, maintenance and generalist. Alpha reimburses lifetime for its direct staffing costs and reports them in the appropriate functional expenses line items disclosure. Alpha's executive director and board of directors determine and sets all staffing compensation rates, which are based on periodic through review of all related issues, salary surveys, consultation with independent persons, review of comparable data and deliberation.

Financial Statement Notes

PART X, LINE 2:

Alpha properties, inc. (alpha) is exempt from income taxation under section 501(c)(3) of the internal revenue code. As such, no provision has been made for income taxes. Alpha believes it has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities.

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IRS990/PYTotalRevenueAmt0275884
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-32112
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0115886
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY VENDING - 2014 AMOUNT: $ 2,058. 2015 AMOUNT: $ 2,403. 2016 AMOUNT: $ 1,927. 2017 AMOUNT: $ 2,297. 2018 AMOUNT: $ 2,271. MISCELLANEOUS - 2014 AMOUNT: $ 10. 2015 AMOUNT: $ 10. SNAC SITE CONTRACT - 2018 AMOUNT: $ 10,740.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0163830
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0257491
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0162388
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0156999
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0155029
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0895737
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0140
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt099
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt066
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt084
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0464
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0115886
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt015997
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0107697
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0107552
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt096368
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0443500
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0140
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt099
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt066
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt084
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0464
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt013011
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02297
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01927
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02413
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02068
IRS990ScheduleA/OtherIncome509Grp/TotalAmt021716
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98370
IRS990ScheduleA/PublicSupportPY509Pct00.99040
IRS990ScheduleA/PublicSupportTotal509Amt01339237
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0279716
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0273488
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0270085
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0264551
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0251397
IRS990ScheduleA/Total509Grp/TotalAmt01339237
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0292867
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0275884
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0272087
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0267030
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0253549
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01361417
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0457515
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01217878
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01675393
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09092
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09092
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0324979
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt066524
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt066524
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0114187
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0114187
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04401
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1217635
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt211556
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046220
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt046220
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012220
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11175
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0292867
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ALPHA PROPERTIES, INC. (ALPHA) IS EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. ALPHA BELIEVES IT HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0524039
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0233592
IRS990ScheduleD/TotalExpensesPerForm990Amt0324979
IRS990ScheduleD/TotalLiabilityAmt013395
IRS990ScheduleD/TotalRevenuePerForm990Amt0292867
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0292867
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0324979
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11A EXPLANATION - ALPHA PROPERTIES, INC.'S FORM 990 AND ALL RELATED SCHEDULES, STATEMENTS AND ATTACHMENTS ARE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR PRIOR TO FINALIZING AND FILING THESE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE. THE TAX RETURN IS THEN PRESENTED TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER OF THE BOARD OF DIRECTORS AND EMPLOYEES IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. THE PROCESS IS MONITORED BY THE EXECUTIVE DIRECTOR WHO THEN REPORTS TO THE BOARD OF DIRECTORS EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALPHA PROPERTIES, INC. (ALPHA) DOES NOT HAVE ANY EMPLOYEES. ALPHA DOES NOT COMPENSATE ITS OFFICERS OR KEY EMPLOYEES. ALPHA PROPERTIES, INC. (ALPHA) DOES NOT HAVE ANY EMPLOYEES. ALPHA DOES NOT COMPENSATE ITS EXECUTIVE DIRECTOR OR TOP MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALPHA PROPERTIES, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS, AS APPLICABLE, AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST MADE TO THE ATTENTION OF OUR EXECUTIVE DIRECTOR AND RECEIVED AT OUR CORPORATE OFFICE ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGES IN PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALPHA PROPERTIES, INC. (ALPHA) DOES NOT HAVE ANY EMPLOYEES. ALL STAFFING REQUIREMENTS ARE PROVIDED BY LIFETIME HOUSING GROUP, INC.(LIFETIME), A RELATED TAX EXEMPT SECTION 501(C)(3) ORGANIZATION. THE ONLY EMPLOYEES BILLED TO ALPHA ARE A PROPERTY MANAGER, MAINTENANCE AND GENERALIST. ALPHA REIMBURSES LIFETIME FOR ITS DIRECT STAFFING COSTS AND REPORTS THEM IN THE APPROPRIATE FUNCTIONAL EXPENSES LINE ITEMS DISCLOSURE. ALPHA'S EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS DETERMINE AND SETS ALL STAFFING COMPENSATION RATES, WHICH ARE BASED ON PERIODIC THROUGH REVIEW OF ALL RELATED ISSUES, SALARY SURVEYS, CONSULTATION WITH INDEPENDENT PERSONS, REVIEW OF COMPARABLE DATA AND DELIBERATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990; PART V; LINE 2A
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LIFETIME HOUSING GROUP INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LIFETIME RESOURCES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0351341343
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1352076514
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SOCIAL SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt17
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt013091 BENEDICT DRIVE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.74$0.75$0.01$0.32$0.34$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.68$0.67$0.01$0.52$0.55$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.71$0.66$0.05$0.45$0.32$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.77$0.86$0.09$0.30$0.42$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.78$0.75$0.03$0.30$0.30$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.79$0.76$0.03$0.29$0.32$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.83$0.77$0.06$0.28$0.28$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.86$0.80$0.07$0.27$0.29$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.94$0.86$0.09$0.27$0.28$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.98$0.87$0.11$0.25$0.26$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.01$0.89$0.11$0.26$0.26$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.90$0.12$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.94$0.20$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.95$0.23$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$1.54$0.34$0.23$0.24$0.01