Civic Intelligence

Booth Manor Inc.

990 • Fiscal year 2019 • EIN 35-1894464

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 05, 2020

3100 North Meridian StreetIndianapolis, IN 46208

(847) 294-2154

Siviq Scores

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

Liabilities / Assets

99th percentile

2.35x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

9.63x

Higher debt load relative to revenue than 98% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

9th percentile

-32%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$256,019

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 66.1% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

20th percentile

-4.8%

Faster asset growth than 20% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

2.5%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,584,898

Down $188,064 (-11%) from 2017

Net Assets

Down

-$2,143,319

Down $284,787 (-15%) from 2017

Liabilities

Up

$3,728,217

Up $96,723 (+2.7%) from 2017

Revenue

Up

$387,240

Up $30,480 (+8.5%) from 2017

Expenses

Up

$513,088

Up $70,404 (+16%) from 2017

Net Income

Down

-$125,848

Down $39,924 (-46%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2013: $2,074,552Liabilities 2013: $3,538,839Net Assets 2013: -$1,464,2872013Assets 2014: $2,019,139Liabilities 2014: $3,538,127Net Assets 2014: -$1,518,9882014Assets 2015: $1,937,437Liabilities 2015: $3,589,237Net Assets 2015: -$1,651,8002015Assets 2016: $1,840,952Liabilities 2016: $3,613,560Net Assets 2016: -$1,772,6082016Assets 2017: $1,772,962Liabilities 2017: $3,631,494Net Assets 2017: -$1,858,5322017Assets 2019: $1,584,898Liabilities 2019: $3,728,217Net Assets 2019: -$2,143,3192019Assets 2020: $1,574,106Liabilities 2020: $3,695,034Net Assets 2020: -$2,120,9282020Assets 2021: $1,499,788Liabilities 2021: $3,646,405Net Assets 2021: -$2,146,6172021Assets 2022: $1,408,783Liabilities 2022: $3,633,821Net Assets 2022: -$2,225,0382022Assets 2024: $1,276,872Liabilities 2024: $3,609,671Net Assets 2024: -$2,332,7992024

Highlighted filing

2019

Assets$1,584,898
Liabilities$3,728,217
Net Assets-$2,143,319

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2013: $465,1662013Revenue 2014: $445,027Expenses 2014: $499,728Net Income 2014: -$54,7012014Revenue 2015: $413,889Expenses 2015: $546,701Net Income 2015: -$132,8122015Revenue 2016: $396,731Expenses 2016: $517,539Net Income 2016: -$120,8082016Revenue 2017: $356,760Expenses 2017: $442,684Net Income 2017: -$85,9242017Revenue 2019: $387,240Expenses 2019: $513,088Net Income 2019: -$125,8482019Revenue 2020: $415,188Expenses 2020: $392,797Net Income 2020: $22,3912020Revenue 2021: $427,132Expenses 2021: $452,821Net Income 2021: -$25,6892021Revenue 2022: $479,197Expenses 2022: $557,618Net Income 2022: -$78,4212022Revenue 2024: $508,992Expenses 2024: $588,636Net Income 2024: -$79,6442024

Highlighted filing

2019

Revenue$387,240
Expenses$513,088
Net Income-$125,848
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 5, 2020
Return Version
2018v3.2
Gross Receipts
$387,240
Mission and Program Overview

Mission

Provide low-income elderly persons and handicapped persons with housing facilities and services specially designed to meet their physical, social and psychological needs and to promote their health, security, happiness and usefulness in longer living.

Provide housing and service for low-income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,530,564$1,435,427▼ $95,137
Savings and Temporary Cash Investments$110,656$112,285▲ $1,629
Cash and Non-Interest-Bearing Accounts-$10,647-
Accounts Receivable$11,933$9,030▼ $2,903
Total Assets$1,665,576$1,584,898▼ $80,678
Other Assets Total$12,423$17,509▲ $5,086
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,517,200$3,517,200→ $0
Accounts Payable and Accrued Expenses$137,936$158,191▲ $20,255
Other Liabilities$23,614$48,253▲ $24,639
Deferred Revenue$4,297$4,573▲ $276
Total Liabilities$3,683,047$3,728,217▲ $45,170
Net Assets / Fund Balance
Unrestricted Net Assets$-2,017,471$-2,143,319▼ $125,848
Total Net Assets Fund Balance$-2,017,471$-2,143,319▼ $125,848
Total Liabilities and Net Assets / Fund Balance$1,665,576$1,584,898▼ $80,678

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,378,224$2,070,374$3,448,598
Other Land Buildings$7,248$168,570$175,818
Land$49,955-$49,955
Compensation and Service Providers

Employees

NameTitleOtherTotal
F Bradford BaileyPresident$60,127$60,127
Renea SmithAsst Secretary$53,829$53,829
Steven M HowardVice President$52,961$52,961
Beverly GatesAsst Treasurer$51,197$51,197
Robert WebsterDirector$47,494$47,494
Philip MaxwellDirector$46,573$46,573

Board Members and Trustees

NameTitle
David E HudsonChairman
Bramwell E HigginsSecretary
Richard T AmickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$187,995
Program Service Revenue
$194,344
Investment Income
$279
Other Revenue
$4,622
Change in Net Assets
$-125,848

Audited Revenue Reconciliation

Revenue per Audited Statements
$387,240
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$387,240
Total Revenue per Form 990
$387,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$341,591
Salaries, Compensation, and Employee Benefits$171,497
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$109,614$38,351-$147,965
Occupancy$108,299$5,556-$113,855
Depreciation Depletion$95,137--$95,137
Office Expenses$27,108$25,142-$52,250
Insurance$42,652--$42,652
Fees for Services Management-$32,315-$32,315
Other Employee Benefits$16,555--$16,555
Payroll Taxes$6,977--$6,977
Fees for Services Accounting-$4,500-$4,500
Fees for Services Legal-$787-$787
Conferences and Meetings-$95-$95
Total Functional Expenses$406,342$106,746$0$513,088

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$513,088
Total Expenses per Audited Statements$513,088
Total Expenses per Form 990$513,088
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
Miscellaneous Current Liabilities$31,733
Tenant Deposits Held in Trust$16,520
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Line 3 explanation - the project entered into a management agreement with lenzy hayes, inc., whereby in return for providing management services to the project.

Form 990, Part VI, Section B, Line 11B

Line 11b explanation - the form 990 is reviewed and approved by the board of directors prior to it being filed.

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

Booth manor, inc. Is an affiliate of salvation army. The conflict of interest policy of the salvation army governs the actions of directors and trustees of booth manor, inc. The following is a description of salvation armys conflict of interest policy: in order to avoid any appearance that the judgment of a salvation army officer or employee has been influenced, it is the policy of the salvation army that salvation army officers, employees, members or their immediate family (spouse, children and parents) and other household members will not solicit or accept, directly or indirectly, any money, valuables, or favors from any person in circumstances which may affect, or appear to influence the officers or employees business judgment, including from any person who is or seeks to be a vendor of goods or services including consultants, to the salvation army (referred to in this policy as vendors). No salvation army officer or employee will accept employment by, or act as a consultant to, any vendor. No salvation army officer or employee or member of the immediate family or member of the household of any officer or employee, shall serve as a director or officer of, or have any financial interest in, any vendor, or accept any business opportunities, commissions, or other financial arrangements that are offered by vendors, or engage in any other conduct with vendors that might appear to compromise the officers or employees judgment or loyalty to the salvation army. For the sake of clarity, it shall not be a violation of this policy for officers or employees to receive from a vendor (a) legitimate business related meals or (b) entertainment, gifts or favors with an insubstantial or nominal value unless there is a reasonable possibility the item could be construed as quid pro quo for the retention of the vendor. Implementation: all salvation army officers will receive a copy of the foregoing policy. Such officers are also subject to various international orders and regulations, including the orders and regulations for the officers of the salvation army, which reinforce such policy and, in certain cases, impose more stringent requirements. Failure by a salvation army officer to comply with the policy or such orders and regulations will result in discipline, up to and including termination. The foregoing policy will also be included in the salvation army central territory employee manual, and all employees of the salvation army must sign a statement acknowledging receipt of, and agreeing to comply with, the policies in such manual. Any failure by an employee to comply with the policy will result in discipline by the salvation army, up to and including termination.

Form 990, Part VI, Section C, Line 19

Booth manor, inc. Makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Booth Manor Inc
EIN
35-1894464
Phone
8472942154
Address
3100 NORTH MERIDIAN STREET, INDIANAPOLIS, IN 46208

Signing Officer

Name
Bramwell E Higgins
Title
Secretary
Phone
8472942154
Signed
2020-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bramwell E Higgins
Formed
1992
Legal Domicile
In
Voting Board Members
9
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Cna Tax Professionals Inc
Address
10475 CROSSPOINT BOULEVARD SUITE, 200, INDIANAPOLIS, IN 46256
Preparer
Shawn D Dreiman CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Fin 48 (asc 740) footnote schedule d, part x, line 2 the corporation qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code; therefore, no provision for income taxes is recognized in the financial statements. It is exempt from income taxes under the provisions of section 501(a) of the code. In the event the corporation was to lose its tax exempt status, income tax expense for the tax reporting entity would include federal and state taxes currently payable and deferred taxes arising from temporary differences between income for financial reporting and income tax purposes. No such differences existed as of september 30, 2019 and 2018. The corporation adopted the standard for accounting for uncertainty in income taxes. The entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded. Federal and state tax authorities (if applicable) generally have the right to examine and audit the previous three years of tax returns filed.

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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012423
IRS990/OtherAssetsTotalGrp/EOYAmt017509
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016555
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016555
IRS990/OtherLiabilitiesGrp/BOYAmt023614
IRS990/OtherLiabilitiesGrp/EOYAmt048253
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/ExclusionAmt04622
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04622
IRS990/OtherRevenueTotalAmt04622
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt038351
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0109614
IRS990/OtherSalariesAndWagesGrp/TotalAmt0147965
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt06977
IRS990/PayrollTaxesGrp/TotalAmt06977
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BRAMWELL E HIGGINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENT & CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0194344
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0194344
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0147815
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt087
IRS990/PYOtherExpensesAmt0408392
IRS990/PYOtherRevenueAmt01305
IRS990/PYProgramServiceRevenueAmt0228512
IRS990/PYRevenuesLessExpensesAmt0-158939
IRS990/PYSalariesCompEmpBnftPaidAmt0128266
IRS990/PYTotalExpensesAmt0536658
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0377719
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-125848
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0194344
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0110656
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0112285
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0187995
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0147815
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0167489
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0168605
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0182933
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0854837
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0279
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt087
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt059
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt054
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt047
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0526
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0194344
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0228512
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0189212
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0228072
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0207455
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01047595
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt087
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt059
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0526
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04622
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01305
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt023454
IRS990ScheduleA/OtherIncome509Grp/TotalAmt029381
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98450
IRS990ScheduleA/PublicSupportPY509Pct00.96240
IRS990ScheduleA/PublicSupportTotal509Amt01902432
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0382339
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0376327
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0356701
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0396677
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0390388
IRS990ScheduleA/Total509Grp/TotalAmt01902432
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0387240
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0377719
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0356760
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0396731
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0413889
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01932339
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/BookValueAmt01378224
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02070374
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03448598
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0513088
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt049955
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt049955
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07248
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0168570
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0175818
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016520
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt131733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISCELLANEOUS CURRENT LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0387240
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X, LINE 2 THE CORPORATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS RECOGNIZED IN THE FINANCIAL STATEMENTS. IT IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(A) OF THE CODE. IN THE EVENT THE CORPORATION WAS TO LOSE ITS TAX EXEMPT STATUS, INCOME TAX EXPENSE FOR THE TAX REPORTING ENTITY WOULD INCLUDE FEDERAL AND STATE TAXES CURRENTLY PAYABLE AND DEFERRED TAXES ARISING FROM TEMPORARY DIFFERENCES BETWEEN INCOME FOR FINANCIAL REPORTING AND INCOME TAX PURPOSES. NO SUCH DIFFERENCES EXISTED AS OF SEPTEMBER 30, 2019 AND 2018. THE CORPORATION ADOPTED THE STANDARD FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ENTITY RECOGNIZES A TAX BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT IS RECORDED. FEDERAL AND STATE TAX AUTHORITIES (IF APPLICABLE) GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01435427
IRS990ScheduleD/TotalExpensesPerForm990Amt0513088
IRS990ScheduleD/TotalLiabilityAmt048253
IRS990ScheduleD/TotalRevenuePerForm990Amt0387240
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0387240
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0513088
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0230338
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1160867
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt013808
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt16225
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011873
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt18308
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRAMWELL E HIGGINS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RICHARD T AMICK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0256019
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1175400
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE OFFICERS RECEIVED SALARY AND BENEFITS FROM THE SALVATION ARMY, A RELATED ORGANIZATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 3 EXPLANATION - THE PROJECT ENTERED INTO A MANAGEMENT AGREEMENT WITH LENZY HAYES, INC., WHEREBY IN RETURN FOR PROVIDING MANAGEMENT SERVICES TO THE PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 11B EXPLANATION - THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO IT BEING FILED.

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