Civic Intelligence

Booth Manor Inc.

990 • Fiscal year 2020 • EIN 35-1894464

Oct 01, 2019 to Sep 30, 2020 • Filed on May 21, 2021

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.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

8.90x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

50th percentile

5.4%

Higher net margin than 50% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

94th percentile

$265,438

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 63.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

29th percentile

-0.7%

Faster asset growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

7.2%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,574,106

Down $10,792 (-0.7%) from 2019

Net Assets

Up

-$2,120,928

Up $22,391 (+1.0%) from 2019

Liabilities

Down

$3,695,034

Down $33,183 (-0.9%) from 2019

Revenue

Up

$415,188

Up $27,948 (+7.2%) from 2019

Expenses

Down

$392,797

Down $120,291 (-23%) from 2019

Net Income

Up

$22,391

Up $148,239 (+118%) from 2019

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

2020

Assets$1,574,106
Liabilities$3,695,034
Net Assets-$2,120,928

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

2020

Revenue$415,188
Expenses$392,797
Net Income$22,391
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
May 21, 2021
Return Version
2019v5.2
Gross Receipts
$415,188
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$1,435,427$1,345,826▼ $89,601
Savings and Temporary Cash Investments$112,285$128,899▲ $16,614
Accounts Receivable$9,030$46,027▲ $36,997
Cash and Non-Interest-Bearing Accounts$10,647$36,473▲ $25,826
Total Assets$1,584,898$1,574,106▼ $10,792
Other Assets Total$17,509$16,881▼ $628
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,517,200$3,517,200→ $0
Accounts Payable and Accrued Expenses$158,191$93,919▼ $64,272
Other Liabilities$48,253$74,490▲ $26,237
Deferred Revenue$4,573$9,425▲ $4,852
Total Liabilities$3,728,217$3,695,034▼ $33,183
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,143,319$-2,120,928▲ $22,391
Total Net Assets Fund Balance$-2,143,319$-2,120,928▲ $22,391
Total Liabilities and Net Assets / Fund Balance$1,584,898$1,574,106▼ $10,792

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,293,123$2,155,475$3,448,598
Other Land Buildings$2,748$173,070$175,818
Land$49,955-$49,955
Compensation and Service Providers

Employees

NameTitleOtherTotal
F Bradford BaileyPresident$64,242$64,242
Steven M HowardVice President$56,154$56,154
Renea SmithAsst Secretary$55,877$55,877
Richard T AmickTreasurer$55,515$55,515
James W McdowellAsst Treasurer$50,308$50,308
Marc S JohnsonDirector$48,250$48,250
Jonathan RichDirector$43,927$43,927

Board Members and Trustees

NameTitle
Kenneth G HodderChairman
David HudsonFormer Chairman
Philip MaxwellFormer Director
Robert WebsterFormer Director
Beverly GatesFormer Asst Treasurer
Bramwell E HigginsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$268,116
Program Service Revenue
$142,254
Investment Income
$188
Other Revenue
$4,630
Change in Net Assets
$22,391

Audited Revenue Reconciliation

Revenue per Audited Statements
$415,188
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$415,188
Total Revenue per Form 990
$415,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$272,516
Salaries, Compensation, and Employee Benefits$120,281
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,403$42,575-$103,978
Depreciation Depletion$89,601--$89,601
Occupancy$79,989$5,700-$85,689
Fees for Services Management-$35,611-$35,611
Office Expenses$12,116$17,708-$29,824
Insurance$21,943--$21,943
Other Employee Benefits$10,113--$10,113
Payroll Taxes$6,190--$6,190
Fees for Services Accounting-$5,700-$5,700
Conferences and Meetings-$965-$965
Fees for Services Legal-$241-$241
Other Expenses$43$2,899-$43
Total Functional Expenses$281,398$111,399$0$392,797

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$392,797
Total Expenses per Form 990$392,797
Total Expenses per Audited Statements$392,795
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-2
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$58,227
Tenant Deposits Held in Trust$16,263
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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
2021-05-21
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, 2020 and 2019. 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.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

ROUNDING -2.

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IRS990/FSAuditedInd01
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IRS990/GoverningBodyVotingMembersCnt09
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0415188
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentInJointVentureInd00
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt01345826
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03517200
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03517200
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05700
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IRS990/OccupancyGrp/TotalAmt085689
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IRS990/OfficeExpensesGrp/ProgramServicesAmt012116
IRS990/OfficeExpensesGrp/TotalAmt029824
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IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt017509
IRS990/OtherAssetsTotalGrp/EOYAmt016881
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010113
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010113
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS FINANCIAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02899
IRS990/OtherExpensesGrp/ProgramServicesAmt043
IRS990/OtherExpensesGrp/TotalAmt02899
IRS990/OtherExpensesGrp/TotalAmt143
IRS990/OtherLiabilitiesGrp/BOYAmt048253
IRS990/OtherLiabilitiesGrp/EOYAmt074490
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc1MISC REVENUE
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt133
IRS990/OtherRevenueTotalAmt04630
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt042575
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt061403
IRS990/OtherSalariesAndWagesGrp/TotalAmt0103978
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt06190
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BRAMWELL E HIGGINS
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IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENT & CHARGES
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IRS990/PYTotalExpensesAmt0513088
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IRS990/PYTotalRevenueAmt0387240
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt022391
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0142254
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0112285
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0128899
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0268116
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0167489
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0168605
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0940020
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0188
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0279
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt087
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt059
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt054
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0667
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0142254
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0194344
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0228512
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0189212
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0228072
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0982394
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0188
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0667
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt010745
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99410
IRS990ScheduleA/PublicSupportPY509Pct00.98450
IRS990ScheduleA/PublicSupportTotal509Amt01922414
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0410370
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0356701
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0396677
IRS990ScheduleA/Total509Grp/TotalAmt01922414
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0396731
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01933826
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01293123
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02155475
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03448598
IRS990ScheduleD/ExpensesNotReportedAmt0-2
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0392797
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt049955
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt049955
IRS990ScheduleD/OtherExpensesIncludedAmt0-2
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02748
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0173070
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0175818
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt158227
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISCELLANEOUS CURRENT LIABILITIES
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IRS990ScheduleD/RevenueSubtotalAmt0415188
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, 2020 AND 2019. 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/ExplanationTxt1ROUNDING -2.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01345826
IRS990ScheduleD/TotalExpensesPerForm990Amt0392797
IRS990ScheduleD/TotalLiabilityAmt074490
IRS990ScheduleD/TotalRevenuePerForm990Amt0415188
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0415188

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