Civic Intelligence

Alpha Properties Inc.

990 • Fiscal year 2021 • EIN 35-1432669

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 09, 2022

Organization ProfileN/A
13091 Benedict DriveDillsboro, IN 47018

(812) 432-6272

Siviq Scores

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

Liabilities / Assets

95th percentile

1.12x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

2.88x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

7th percentile

-41%

Higher net margin than 7% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

88th percentile

$101,179

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 33.9% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

26th percentile

-1.2%

Faster asset growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

-0.5%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$767,455

Down $9,114 (-1.2%) from 2020

Net Assets

Down

-$92,637

Down $122,731 (-408%) from 2020

Liabilities

Up

$860,092

Up $113,617 (+15%) from 2020

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin7th percentile

Revenue

Down

$298,356

Down $1,620 (-0.5%) from 2020

Expenses

Up

$421,087

Up $121,025 (+40%) from 2020

Net Income

Down

-$122,731

Down $122,645 (-142610%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

2021

Assets$767,455
Liabilities$860,092
Net Assets-$92,637
Open 2021 Filing

Operations Trend

Revenue Growth33rd percentile

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

2021

Revenue$298,356
Expenses$421,087
Net Income-$122,731
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 9, 2022
Return Version
2020v4.2
Gross Receipts
$298,356
Mission and Program Overview

Mission

Housing for the elderly

Housing for the elderly and disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$517,352$471,604▼ $45,748
Cash and Non-Interest-Bearing Accounts$31,175$61,172▲ $29,997
Prepaid Expenses and Deferred Charges$3,388$6,614▲ $3,226
Intangible Assets$7,868$6,576▼ $1,292
Accounts Receivable$9,187$1,901▼ $7,286
Inventories for Sale or Use$681$681→ $0
Total Assets$776,569$767,455▼ $9,114
Other Assets Total$206,918$218,907▲ $11,989
Liabilities
Mortgage Notes Payable Secured by Investment Property$701,231$672,015▼ $29,216
Accounts Payable and Accrued Expenses$31,400$173,900▲ $142,500
Other Liabilities$13,844$14,177▲ $333
Total Liabilities$746,475$860,092▲ $113,617
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$30,094$-92,637▼ $122,731
Total Net Assets Fund Balance$30,094$-92,637▼ $122,731
Total Liabilities and Net Assets / Fund Balance$776,569$767,455▼ $9,114

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$405,080$1,311,313$1,716,393
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$11,566--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleOtherTotal
Erin ThomasExecutive Director$101,179$101,179

Board Members and Trustees

NameTitle
Doug RumpChairman
Ron RichardVice-Chairman
Cindy RottinghausSecretary
Frieda RickersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$182,632
Program Service Revenue
$107,503
Investment Income
$74
Other Revenue
$8,147
All Other Contributions
$50
Change in Net Assets
$-122,731

Audited Revenue Reconciliation

Revenue per Audited Statements
$298,356
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$298,356
Total Revenue per Form 990
$298,356
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$241,236
Salaries, Compensation, and Employee Benefits$179,851
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$126,360$11,395-$137,755
Depreciation Depletion$45,748--$45,748
Interest$41,295--$41,295
Other Employee Benefits$28,938$3,216-$32,154
Office Expenses-$18,782-$18,782
Fees for Services Management$16,780$1,865-$18,645
Fees for Services Accounting-$10,478-$10,478
Payroll Taxes$8,948$994-$9,942
Insurance$7,282$809-$8,091
Other Expenses$5,539--$5,539
All Other Expenses$2,947$328-$3,275
Total Functional Expenses$373,220$47,867$0$421,087

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$421,087
Total Expenses per Audited Statements$421,087
Total Expenses per Form 990$421,087
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$12,670
Prepaid Revenue$1,507
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 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
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
8124326272
Address
13091 Benedict Drive, Dillsboro, IN 47018

Signing Officer

Name
Erin Thomas
Title
Executive Director
Phone
8124326272
Signed
2022-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Thomas
Formed
1978
Legal Domicile
In
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Barnes Dennig & Co LTD
Address
8470 Allison Pointe Blvd Suite 200, 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 Resources (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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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/PYOtherExpensesAmt0214388
IRS990/PYOtherRevenueAmt017960
IRS990/PYProgramServiceRevenueAmt0103698
IRS990/PYRevenuesLessExpensesAmt0-86
IRS990/PYSalariesCompEmpBnftPaidAmt085674
IRS990/PYTotalExpensesAmt0300062
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0299976
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-122731
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0107503
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Laundry vending - 2016 Amount: $ 1,927. 2017 Amount: $ 2,297. 2018 Amount: $ 2,271. 2019 Amount: $ 2,215. 2020 Amount: $ 2,203. Miscellaneous - SNAC Site Contract - 2018 Amount: $ 10,740. 2019 Amount: $ 13,745. 2020 Amount: $ 4,400. Special Claims - Properties - 2019 Amount: $ 2,000. 2020 Amount: $ 1,544.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0182632
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0178192
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0163830
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0257491
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0162388
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0944533
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt074
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0126
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0140
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt099
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0514
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0107503
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0103698
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0115886
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt015997
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0107697
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0450781
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt074
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0126
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0140
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt099
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0514
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt08147
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt017960
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt013011
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02297
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01927
IRS990ScheduleA/OtherIncome509Grp/TotalAmt043342
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96950
IRS990ScheduleA/PublicSupportPY509Pct00.97290
IRS990ScheduleA/PublicSupportTotal509Amt01395314
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0290135
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0281890
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0279716
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0273488
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0270085
IRS990ScheduleA/Total509Grp/TotalAmt01395314
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0298356
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0299976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0292867
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0275884
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0272087
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01439170
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/BookValueAmt0405080
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01311313
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01716393
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09092
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09092
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0421087
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt066524
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt066524
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0114187
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0114187
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04665
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1202676
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt211566
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Escrow deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Replacement reserves
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Residual receipts
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046220
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt046220
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012670
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11507
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant security deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Prepaid Revenue
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0298356
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/TotalBookValueLandBuildingsAmt0471604
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0218907
IRS990ScheduleD/TotalExpensesPerForm990Amt0421087
IRS990ScheduleD/TotalLiabilityAmt014177
IRS990ScheduleD/TotalRevenuePerForm990Amt0298356
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0298356
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0421087
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 Resources (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

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$767,455
Liabilities
$860,092
Net assets
-$92,637
Revenue
$298,356
Expenses
$421,087
Net income
-$122,731
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