Civic Intelligence

Alpha Properties Inc.

990 • Fiscal year 2022 • EIN 35-1432669

Oct 01, 2021 to Sep 30, 2022 • Filed on May 10, 2023

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

94th percentile

0.93x

Higher debt load relative to assets than 94% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

1.46x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

80th percentile

31%

Higher net margin than 80% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

84th percentile

$86,275

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 19.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

25th percentile

-7.5%

Faster asset growth than 25% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

79th percentile

52%

Faster revenue growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$709,512

Down $57,943 (-7.6%) from 2021

Net Assets

Up

$46,213

Up $138,850 (+150%) from 2021

Liabilities

Down

$663,299

Down $196,793 (-23%) from 2021

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin80th percentile

Revenue

Up

$454,369

Up $156,013 (+52%) from 2021

Expenses

Down

$315,519

Down $105,568 (-25%) from 2021

Net Income

Up

$138,850

Up $261,581 (+213%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2022

Assets$709,512
Liabilities$663,299
Net Assets$46,213
Open 2022 Filing

Operations Trend

Revenue Growth79th 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

2022

Revenue$454,369
Expenses$315,519
Net Income$138,850
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
May 10, 2023
Return Version
2021v4.2
Gross Receipts
$454,369
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$471,604$426,709▼ $44,895
Cash and Non-Interest-Bearing Accounts$61,172$30,459▼ $30,713
Prepaid Expenses and Deferred Charges$6,614$8,721▲ $2,107
Intangible Assets$6,576$5,284▼ $1,292
Inventories for Sale or Use$681$681→ $0
Accounts Receivable$1,901$176▼ $1,725
Total Assets$767,455$709,512▼ $57,943
Other Assets Total$218,907$237,482▲ $18,575
Liabilities
Mortgage Notes Payable Secured by Investment Property$672,015$636,359▼ $35,656
Accounts Payable and Accrued Expenses$173,900$14,179▼ $159,721
Other Liabilities$14,177$12,761▼ $1,416
Total Liabilities$860,092$663,299▼ $196,793
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-92,637$46,213▲ $138,850
Total Net Assets Fund Balance$-92,637$46,213▲ $138,850
Total Liabilities and Net Assets / Fund Balance$767,455$709,512▼ $57,943

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$360,185$1,356,208$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$11,569--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleOtherTotal
Erin ThomasExecutive Director$86,275$86,275

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$179,479
Program Service Revenue
$128,206
Investment Income
$66
Other Revenue
$146,618
Change in Net Assets
$138,850

Audited Revenue Reconciliation

Revenue per Audited Statements
$454,369
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$454,369
Total Revenue per Form 990
$454,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$209,196
Salaries, Compensation, and Employee Benefits$106,323
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$73,002$6,447-$79,449
Depreciation Depletion$44,895--$44,895
Interest$23,649--$23,649
Other Employee Benefits$18,725$2,081-$20,806
Fees for Services Management$17,110$1,901-$19,011
Office Expenses-$15,110-$15,110
Fees for Services Accounting-$14,245-$14,245
Insurance$12,381$1,376-$13,757
Payroll Taxes$5,461$607-$6,068
Other Expenses$4,433--$4,433
All Other Expenses$2,603$288-$2,891
Total Functional Expenses$273,464$42,055$0$315,519

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$315,519
Total Expenses per Audited Statements$315,519
Total Expenses per Form 990$315,519
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$12,761
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
Doing Business As
Dillsboro Village Apartments

Signing Officer

Name
Erin Thomas
Title
Executive Director
Phone
8124326272
Signed
2023-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Thomas
Formed
1978
Legal Domicile
In
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

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.”

Raw XML AppendixShowing 400 of 512 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0173900
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt014179
IRS990/AccountsReceivableGrp/BOYAmt01901
IRS990/AccountsReceivableGrp/EOYAmt0176
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Housing for the elderly and disabled.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0288
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02603
IRS990/AllOtherExpensesGrp/TotalAmt02891
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Erin Thomas
IRS990/BooksInCareOfDetail/PhoneNum08124326272
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt013091 Benedict Drive
IRS990/BooksInCareOfDetail/USAddress/CityNm0Dillsboro
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd047018
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt061172
IRS990/CashNonInterestBearingGrp/EOYAmt030459
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0179479
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt066
IRS990/CYOtherExpensesAmt0209196
IRS990/CYOtherRevenueAmt0146618
IRS990/CYProgramServiceRevenueAmt0128206
IRS990/CYRevenuesLessExpensesAmt0138850
IRS990/CYSalariesCompEmpBnftPaidAmt0106323
IRS990/CYTotalExpensesAmt0315519
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0454369
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt044895
IRS990/DepreciationDepletionGrp/TotalAmt044895
IRS990/Desc0Alpha Properties, Inc. owns and operates a 40 unit apartment complex for the elderly and disabled under Section 202 of the National Housing Act.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0Dillsboro Village Apartments
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0273464
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt014245
IRS990/FeesForServicesAccountingGrp/TotalAmt014245
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt01901
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt017110
IRS990/FeesForServicesManagementGrp/TotalAmt019011
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt439.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt42400
IRS990/Form990PartVIISectionAGrp/PersonNm0Doug Rump
IRS990/Form990PartVIISectionAGrp/PersonNm1Ron Richard
IRS990/Form990PartVIISectionAGrp/PersonNm2Doug Garner
IRS990/Form990PartVIISectionAGrp/PersonNm3Frieda Rickerson
IRS990/Form990PartVIISectionAGrp/PersonNm4Erin Thomas
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt483875
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice-Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Executive Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt0179479
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0454369
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01376
IRS990/InsuranceGrp/ProgramServicesAmt012381
IRS990/InsuranceGrp/TotalAmt013757
IRS990/IntangibleAssetsGrp/BOYAmt06576
IRS990/IntangibleAssetsGrp/EOYAmt05284
IRS990/InterestGrp/ProgramServicesAmt023649
IRS990/InterestGrp/TotalAmt023649
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0681
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0681
IRS990/InvestmentIncomeGrp/ExclusionAmt066
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt066
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01525707
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0471604
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0426709
IRS990/LandBldgEquipCostOrOtherBssAmt01952416
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Housing for the elderly and disabled
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0672015
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0636359
IRS990/NetAssetsOrFundBalancesBOYAmt0-92637
IRS990/NetAssetsOrFundBalancesEOYAmt046213
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-92637
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt046213
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015110
IRS990/OfficeExpensesGrp/TotalAmt015110
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0218907
IRS990/OtherAssetsTotalGrp/EOYAmt0237482
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02081
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018725
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020806
IRS990/OtherExpensesGrp/Desc0Utilities expense
IRS990/OtherExpensesGrp/Desc1Contracts
IRS990/OtherExpensesGrp/Desc2Supplies
IRS990/OtherExpensesGrp/Desc3Snow removal/trash remo
IRS990/OtherExpensesGrp/ProgramServicesAmt033693
IRS990/OtherExpensesGrp/ProgramServicesAmt129991
IRS990/OtherExpensesGrp/ProgramServicesAmt27521
IRS990/OtherExpensesGrp/ProgramServicesAmt34433
IRS990/OtherExpensesGrp/TotalAmt033693
IRS990/OtherExpensesGrp/TotalAmt129991
IRS990/OtherExpensesGrp/TotalAmt27521
IRS990/OtherExpensesGrp/TotalAmt34433
IRS990/OtherLiabilitiesGrp/BOYAmt014177
IRS990/OtherLiabilitiesGrp/EOYAmt012761
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Debt Forgiveness
IRS990/OtherRevenueMiscGrp/ExclusionAmt0146618
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0146618
IRS990/OtherRevenueTotalAmt0146618
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06447
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt073002
IRS990/OtherSalariesAndWagesGrp/TotalAmt079449
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0607
IRS990/PayrollTaxesGrp/ProgramServicesAmt05461
IRS990/PayrollTaxesGrp/TotalAmt06068
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06614
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08721
IRS990/PrincipalOfficerNm0Erin Thomas
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental
IRS990/ProgramServiceRevenueGrp/Desc1SNAC Site Contract
IRS990/ProgramServiceRevenueGrp/Desc2Laundry & Vending Reve
IRS990/ProgramServiceRevenueGrp/Desc3Other program revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0116670
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22531
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32405
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0116670
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22531
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32405
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0182632
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt074
IRS990/PYOtherExpensesAmt0241236
IRS990/PYOtherRevenueAmt08147
IRS990/PYProgramServiceRevenueAmt0107503
IRS990/PYRevenuesLessExpensesAmt0-122731
IRS990/PYSalariesCompEmpBnftPaidAmt0179851
IRS990/PYTotalExpensesAmt0421087
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0298356
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0138850
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0128206
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Laundry vending - 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. Debt Forgiveness - 2021 Amount: $ 146,618.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0179479
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0182632
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0178192
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0163830
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0257491
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0961624
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt066
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt074
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0126
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0140
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt099
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0505
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0128206
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0107503
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0103698
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0115886
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt015997
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0471290
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt066
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt074
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0126
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0140
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt099
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0505
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0146618
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt08147
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt017960
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt013011
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02297
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0188033
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88370
IRS990ScheduleA/PublicSupportPY509Pct00.96950
IRS990ScheduleA/PublicSupportTotal509Amt01432914
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0307685
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0290135
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0281890
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0279716
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0273488
IRS990ScheduleA/Total509Grp/TotalAmt01432914
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0454369
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0298356
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0299976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0292867
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0275884
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01621452
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/BookValueAmt0360185
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01356208
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01716393
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09092
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09092
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0315519
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt066524
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt066524
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0114187
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0114187
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06410
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1219503
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt211569
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Escrow deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Replacement reserves
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Residual receipts
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046220
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt046220
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant security deposits
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0454369
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/TotalBookValueLandBuildingsAmt0426709
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0237482
IRS990ScheduleD/TotalExpensesPerForm990Amt0315519
IRS990ScheduleD/TotalLiabilityAmt012761
IRS990ScheduleD/TotalRevenuePerForm990Amt0454369
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0454369
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0315519
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$709,512
Liabilities
$663,299
Net assets
$46,213
Revenue
$454,369
Expenses
$315,519
Net income
$138,850
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