Civic Intelligence

Cardinal Bay Inc.

990 • Fiscal year 2016 • EIN 35-2440075

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 01, 2017

Organization ProfileN/A
317 Martinique PassLakeway, TX 78734

(972) 980-4805

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.00x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

10.84x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

22nd percentile

-4.1%

Higher net margin than 22% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

63rd percentile

$631,092

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

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

Source year 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Balance Sheet
Liabilities / Assets92nd percentile

Assets

$246,353,431

No earlier filing loaded for comparison.

Net Assets

-$936,946

No earlier filing loaded for comparison.

Liabilities

$247,290,377

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin22nd percentile

Revenue

$22,819,495

No earlier filing loaded for comparison.

Expenses

$23,756,441

No earlier filing loaded for comparison.

Net Income

-$936,946

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300M$200M$100M$0-$100MAssets 2016: $246,353,431Liabilities 2016: $247,290,377Net Assets 2016: -$936,9462016Assets 2017: $240,254,986Liabilities 2017: $242,769,728Net Assets 2017: -$2,514,7422017Assets 2018: $235,729,722Liabilities 2018: $239,461,663Net Assets 2018: -$3,731,9412018Assets 2019: $230,845,654Liabilities 2019: $236,240,190Net Assets 2019: -$5,394,5362019Assets 2020: $225,656,938Liabilities 2020: $235,200,025Net Assets 2020: -$9,543,0872020Assets 2021: $218,351,213Liabilities 2021: $230,205,439Net Assets 2021: -$11,854,2262021Assets 2022: $210,832,423Liabilities 2022: $228,195,724Net Assets 2022: -$17,363,3012022Assets 2023: $203,503,755Liabilities 2023: $224,769,910Net Assets 2023: -$21,266,1552023Assets 2024: $199,815,153Liabilities 2024: $224,438,372Net Assets 2024: -$24,623,2192024

Highlighted filing

2016

Assets$246,353,431
Liabilities$247,290,377
Net Assets-$936,946
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60M$40M$20M$0-$20MRevenue 2016: $22,819,495Expenses 2016: $23,756,441Net Income 2016: -$936,9462016Revenue 2017: $38,205,117Expenses 2017: $39,782,913Net Income 2017: -$1,577,7962017Revenue 2018: $39,326,858Expenses 2018: $40,544,057Net Income 2018: -$1,217,1992018Revenue 2019: $39,930,501Expenses 2019: $41,593,096Net Income 2019: -$1,662,5952019Revenue 2020: $37,782,896Expenses 2020: $41,931,447Net Income 2020: -$4,148,5512020Revenue 2021: $38,962,126Expenses 2021: $41,273,265Net Income 2021: -$2,311,1392021Revenue 2022: $39,334,699Expenses 2022: $44,843,774Net Income 2022: -$5,509,0752022Revenue 2023: $42,013,715Expenses 2023: $45,916,569Net Income 2023: -$3,902,8542023Revenue 2024: $44,184,784Expenses 2024: $47,541,848Net Income 2024: -$3,357,0642024

Highlighted filing

2016

Revenue$22,819,495
Expenses$23,756,441
Net Income-$936,946
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 1, 2017
Return Version
2016v3.0
Gross Receipts
$22,819,495
Mission and Program Overview

Mission

It is the mission of cardinal bay, inc., to assert efforts towards developing, financing and operating for the long-term, quality, stable and healthy, program-enriched, affordable housing for families, senior citizens and people with special needs.

To assert efforts towards developing, financing and operating for the long-term, quality, stable and healthy, program-enriched, affordable housing for families, senior citizens and people with special needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$211,994,356▲ $211,994,356
Intangible Assets-$11,042,361-
Savings and Temporary Cash Investments-$1,127,974-
Prepaid Expenses and Deferred Charges-$460,294-
Cash and Non-Interest-Bearing Accounts-$159,282-
Accounts Receivable-$138,203-
Total Assets$0$246,353,431▲ $246,353,431
Other Assets Total$0$21,430,961▲ $21,430,961
Liabilities
Tax Exempt Bond Liabilities-$221,835,564-
Mortgage Notes Payable Secured by Investment Property-$16,164,838-
Accounts Payable and Accrued Expenses-$8,091,883-
Deferred Revenue-$1,055,655-
Other Liabilities$0$142,437▲ $142,437
Total Liabilities$0$247,290,377▲ $247,290,377
Net Assets / Fund Balance
Unrestricted Net Assets-$-936,946-
Total Net Assets Fund Balance$0$-936,946▼ $936,946
Total Liabilities and Net Assets / Fund Balance$0$246,353,431▲ $246,353,431

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$186,693,223$2,762,498$189,455,721
Land$21,500,000-$21,500,000
Equipment$3,801,133$186,269$3,987,402
Other Assets Org$21,393,973--
Compensation and Service Providers
Top Officer Pay63rd percentile

Board Members and Trustees

NameTitle
Robbie Wittner KitchenPresident
Lloyd KitchenExecutive Vice President
Doug LeeDirector
Jennifer RodriquezDirector
T Wayne NanceDirector
Lloyd Kitchen IiiSenior VP

Highest Paid Contractors

ContractorServicesLocationCompensation
Bridgewood-rcm Property Management LLCManagement6363 WOODWAY DRIVE SUITE 870, Houston, TX 77057$935,161
Ilp Asset Management LLCAsset Management1600 S MAIN STREET, Duncanville, TX 75137$203,217
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$22,674,739
Investment Income
$144,756
Other Revenue
$0
Change in Net Assets
$-936,946

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,819,495
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$22,819,495
Total Revenue per Form 990
$22,819,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,631,159
Salaries, Compensation, and Employee Benefits$7,125,282
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$6,343,095--$6,343,095
Other Salaries and Wages$5,996,840--$5,996,840
Depreciation Depletion$3,231,337--$3,231,337
Occupancy$1,009,259--$1,009,259
Fees for Services Management-$935,161-$935,161
Other Employee Benefits$541,935--$541,935
Payroll Taxes$525,889--$525,889
Insurance$477,405--$477,405
Advertising$392,807--$392,807
Office Expenses$389,769--$389,769
Other Expenses$431,613$324,792-$324,792
All Other Expenses$236,538--$236,538
Fees for Services Other-$203,217-$203,217
Fees for Services Legal-$67,012-$67,012
Pension Plan Contributions$60,618--$60,618
Travel$38,634--$38,634
Information Technology$26,830--$26,830
Fees for Services Accounting-$250-$250
Total Functional Expenses$22,226,009$1,530,432$0$23,756,441

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,756,441
Total Expenses per Audited Statements$23,756,441
Total Expenses per Form 990$23,756,441
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$142,437

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANew Hope Cultural Education Facilities Finance Corporation2016-05-26$222,025,966SENIOR HOUSING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$222,025,966--$4,440,519

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
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 2

“Robbie wittner and lloyd kitchen are wife and husband. Lloyd kitchen iii is the son of lloyd kitchen and robbie wittner.”

Form 990, Part VI, Section A, Line 3

“The organization uses a management company to operate the apartment complexes and to verify that the tenants are in compliance with the organization's exempt purpose.”

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

“The board of directors review form 990 prior to filing.”

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

“Quarterly 96-32 compliance is completed during board meetings and disclosures are made at that time, if any.”

Form 990, Part VI, Section B, Line 15B

“An independent board reviews the information and performs a test of reasonableness.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Cardinal Bay Inc
EIN
35-2440075
Phone
9729804805
Address
317 MARTINIQUE PASS, LAKEWAY, TX 78734

Signing Officer

Name
Lloyd Kitchen
Title
Executive Vice President
Phone
9729804805
Signed
2017-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robbie Wittner Kitchen
Formed
2012
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Samuel T Boerma
Phone
8506500125
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation is classified as exempt from federal income tax under section 501(c)(3) of the internal revenue code. The corporation has adopted the provisions of fasb interpretation no. 48, accounting for uncertainty in income taxes (fasb accounting standards codification (asc) 740, income taxes). It requires that a tax position be recognized or derecognized based on a 'more-likely-than-not' threshold. This applies to positions taken or expected to be taken in a tax return. The implementation of fin 48 had no impact on the corporation's statement of financial position or statement of activities. Management does not believe its financial statements include any uncertain tax positions and that no income taxes are due for its activities. Therefore, no provision for income taxes is included in the financial statement.”

Raw XML AppendixShowing 400 of 672 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.

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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0525889
IRS990/PayrollTaxesGrp/TotalAmt0525889
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt060618
IRS990/PensionPlanContributionsGrp/TotalAmt060618
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0460294
IRS990/PrincipalOfficerNm0ROBBIE WITTNER KITCHEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY & VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt022664816
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19923
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022664816
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19923
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-936946
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt022674739
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01127974
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0144756
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0144756
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt022674739
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt022674739
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0144756
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0144756
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt022674739
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt022674739
IRS990ScheduleA/Total509Grp/TotalAmt022674739
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt022819495
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt022819495
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0186693223
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02762498
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0189455721
IRS990ScheduleD/EquipmentGrp/BookValueAmt03801133
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0186269
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03987402
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt023756441
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt021500000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt021500000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt036988
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt121393973
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UTILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1BOND RESERVES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0142437
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt022819495
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS CLASSIFIED AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION OF FIN 48 HAD NO IMPACT ON THE CORPORATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. MANAGEMENT DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0211994356
IRS990ScheduleD/TotalBookValueOtherAssetsAmt021430961
IRS990ScheduleD/TotalExpensesPerForm990Amt023756441
IRS990ScheduleD/TotalLiabilityAmt0142437
IRS990ScheduleD/TotalRevenuePerForm990Amt022819495
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt022819495
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt023756441
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd01
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd01
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/HousingAllowanceOrResidenceInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990ScheduleJ/PaymentsForUseOfResidenceInd0X
IRS990ScheduleJ/PersonalServicesInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0594652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1294900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt0291652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt115900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt036440
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt114043
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBBIE WITTNER KITCHEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LLOYD KITCHEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EXECUTIVE VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0631092
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1308943
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION AND ITS AFFILIATES HAVE AN EMPLOYMENT CONTRACT WITH ROBBIE WITTNER KITCHEN, THE PRESIDENT OF THE ORGANIZATION, TO COMPENSATE HER FOR HER SERVICES TO THE ORGANIZATION. THE CURRENT CONTRACT ALLOWS FOR BASE COMPENSATION PLUS MEDICAL BENEFITS AND CAR ALLOWANCE. THE ORGANIZATION AND ITS AFFILIATES ALSO HAVE AN EMPLOYMENT CONTRACT FOR LLOYD KITCHEN, THE EXECUTIVE VICE PRESIDENT, TO COMPENSATE HIM FOR HIS SERVICES TO THE ORGANIZATION AND ITS AFFILIATES. THE CURRENT CONTRACT ALLOWS FOR BASE COMPENSATION PLUS MEDICAL BENEFITS AND CAR ALLOWANCE. DUE TO LACK OF FUNDS, SOME OF THE COMPENSATION HAS BEEN DEFERRED BY THE ORGANIZATION AND ITS AFFILIATES.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 5
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02016-05-26
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261604618
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum064542PAW5
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt0222025966
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0SENIOR HOUSING
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt0210000000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$246,353,431
Liabilities
$247,290,377
Net assets
-$936,946
Revenue
$22,819,495
Expenses
$23,756,441
Net income
-$936,946
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$200$224$24.6$44.2$47.5$3.36
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$204$225$21.3$42.0$45.9$3.90
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$211$228$17.4$39.3$44.8$5.51
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$218$230$11.9$39.0$41.3$2.31
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$226$235$9.54$37.8$41.9$4.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$231$236$5.39$39.9$41.6$1.66
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$236$239$3.73$39.3$40.5$1.22
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$240$243$2.51$38.2$39.8$1.58
2016Detailed filing. Detailed filing data is available for this year.$246$247$0.94$22.8$23.8$0.94