Civic Intelligence

Enterprise Housing - Brookside Inc

990 • Fiscal year 2011 • EIN 35-1873041

Jul 01, 2010 to Jun 30, 2011 • Filed on Sep 16, 2011

833 West Main Street46032
Siviq Scores

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

Liabilities / Assets

86th percentile

0.79x

Higher debt load relative to assets than 86% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$1,422,711

No earlier filing loaded for comparison.

Net Assets

$302,007

No earlier filing loaded for comparison.

Liabilities

$1,120,704

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$860,309

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

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$0Assets 2011: $1,422,711Liabilities 2011: $1,120,704Net Assets 2011: $302,0072011Assets 2012: $1,590,647Liabilities 2012: $1,294,352Net Assets 2012: $296,2952012Assets 2013: $1,579,932Liabilities 2013: $1,277,570Net Assets 2013: $302,3622013Assets 2014: $1,521,225Liabilities 2014: $1,257,179Net Assets 2014: $264,0462014Assets 2015: $1,494,816Liabilities 2015: $1,232,869Net Assets 2015: $261,9472015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2011

Assets$1,422,711
Liabilities$1,120,704
Net Assets$302,007

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $860,3092011Expenses 2012: $927,4632012Expenses 2013: $960,7362013Revenue 2014: $958,690Expenses 2014: $997,006Net Income 2014: -$38,3162014Revenue 2015: $993,677Expenses 2015: $995,776Net Income 2015: -$2,0992015Revenue 2016: $1,389,225Expenses 2016: $1,651,172Net Income 2016: -$261,9472016

Highlighted filing

2011

Revenue-
Expenses$860,309
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Sep 16, 2011
Return Version
2010v3.4
Gross Receipts
$859,802
Mission and Program Overview

Mission

Enterprise housing - brookside, inc., an indiana not-for-profit corporation, was organized to acquire, own, and operate a 138 unit apartment community in indianapolis, indiana, known as spruce manor apartments, formerly known as brookside courts. On september 12, 2001, the community was refinanced with a mortgage insured under section 223(f) of the national housing act, as amended.

Filing and Contact Details

Filer

EIN
35-1873041
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IRS990ScheduleO/GeneralExplanation/Explanation0ENTERPRISE HOUSING - BROOKSIDE, INC. IS MANAGED BY CORNERSTONE PROPERTIES, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. CORNERSTONE PROPERTIES HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED CORNERSTONE PROPERTIES TO MANAGE THE BROOKSIDE APARTMENT COMMUNITY.
IRS990ScheduleO/GeneralExplanation/Explanation1THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation2PERSONS COVERED BY THE POLICY ARE OFFICERS, DIRECTORS, CHIEF EMPLOYED EXECUTIVE AND CHIEF EMPLOYED FINANCIAL EXECUTIVE. SUCH PERSONS WILL ANNUALLY DISCLOSE OR UPDATE THE PRESIDENT OF THE BOARD OF DIRECTORS ON A FORM PROVIDED BY THE ORGANIZATION OF THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OF THOSE OF FAMILY MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE OF THE ORGANIZATION, PROVIDED THAT THE PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS.
IRS990ScheduleO/GeneralExplanation/Explanation4THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/GeneralExplanation/Explanation6THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/Identifier2HOURS WORKED FOR RELATED ORGANIZATIONS
IRS990ScheduleO/GeneralExplanation/Identifier3OVERSIGHT OF AUDITING FUNCTION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XII, LINE 2C
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
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