Civic Intelligence

Cardinal Bay Inc.

990 • Fiscal year 2019 • EIN 35-2440075

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

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

93rd percentile

1.02x

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

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

5.92x

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

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

20th percentile

-4.2%

Higher net margin than 20% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$364,682

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

17th percentile

-2.1%

Faster asset growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

1.5%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$230,845,654

Down $4,884,068 (-2.1%) from 2018

Net Assets

Down

-$5,394,536

Down $1,662,595 (-45%) from 2018

Liabilities

Down

$236,240,190

Down $3,221,473 (-1.3%) from 2018

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin20th percentile

Revenue

Up

$39,930,501

Up $603,643 (+1.5%) from 2018

Expenses

Up

$41,593,096

Up $1,049,039 (+2.6%) from 2018

Net Income

Down

-$1,662,595

Down $445,396 (-37%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

2019

Assets$230,845,654
Liabilities$236,240,190
Net Assets-$5,394,536
Open 2019 Filing

Operations Trend

Revenue Growth40th percentile

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

2019

Revenue$39,930,501
Expenses$41,593,096
Net Income-$1,662,595
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.1
Gross Receipts
$39,930,501
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$203,963,950$199,424,777▼ $4,539,173
Intangible Assets$10,105,783$9,642,827▼ $462,956
Savings and Temporary Cash Investments$950,332$1,216,788▲ $266,456
Cash and Non-Interest-Bearing Accounts$88,961$937,396▲ $848,435
Prepaid Expenses and Deferred Charges$386,448$368,504▼ $17,944
Accounts Receivable$96,503$173,624▲ $77,121
Total Assets$235,729,722$230,845,654▼ $4,884,068
Other Assets Total$20,137,745$19,081,738▼ $1,056,007
Liabilities
Tax Exempt Bond Liabilities$216,687,901$214,212,667▼ $2,475,234
Mortgage Notes Payable Secured by Investment Property$14,585,000$13,660,000▼ $925,000
Accounts Payable and Accrued Expenses$7,237,242$7,091,378▼ $145,864
Deferred Revenue$862,739$1,188,136▲ $325,397
Other Liabilities$88,781$88,009▼ $772
Total Liabilities$239,461,663$236,240,190▼ $3,221,473
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,731,941$-5,394,536▼ $1,662,595
Total Net Assets Fund Balance$-3,731,941$-5,394,536▼ $1,662,595
Total Liabilities and Net Assets / Fund Balance$235,729,722$230,845,654▼ $4,884,068

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$173,355,643$17,014,991$190,370,634
Land$21,500,000-$21,500,000
Equipment$4,569,134$1,767,571$6,336,705
Other Assets Org$10,500--
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleOtherTotal
Lloyd Kitchen IiiSenior VP$141,486$141,486

Board Members and Trustees

NameTitle
Robbie L WittnerPresident
Lloyd KitchenExecutive Vice President
Doug LeeDirector
Jennifer RodriquezDirector
T Wayne NanceDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Bridgewood-rcm Property Management LLCManagement6363 WOODWAY DRIVE SUITE 870, Houston, TX 77057$1,578,656
Ilp Asset Management LLCAsset Management1600 S MAIN STREET, Duncanville, TX 75137$339,000
Hd Supply Facilities Maintenance LtdMaintenancePO BOX 509058, San Diego, CA 92150$333,026
Archstone Roofing LLCConstruction29619 ORCHARD GROVE DRIVE, Tomball, TX 77377$168,619
Green Pride LandscapingGrounds MaintenancePO BOX 147, Missouri City, TX 77459$128,358
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$39,504,329
Investment Income
$426,172
Other Revenue
$0
Change in Net Assets
$-1,662,595

Audited Revenue Reconciliation

Revenue per Audited Statements
$39,930,501
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$39,930,501
Total Revenue per Form 990
$39,930,501
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,976,410
Salaries, Compensation, and Employee Benefits$12,616,686
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,971,918--$10,971,918
Interest$10,813,416--$10,813,416
Depreciation Depletion$5,368,192--$5,368,192
Fees for Services Management-$1,578,656-$1,578,656
Occupancy$1,440,184--$1,440,184
Payroll Taxes$1,040,306--$1,040,306
Insurance$951,876--$951,876
Other Expenses$1,690,596$720,000-$720,000
Office Expenses$695,235--$695,235
Advertising$662,681--$662,681
Other Employee Benefits$505,413--$505,413
All Other Expenses$457,661--$457,661
Fees for Services Other-$339,000-$339,000
Information Technology$198,755--$198,755
Pension Plan Contributions$99,049--$99,049
Travel-$61,515-$61,515
Fees for Services Accounting-$53,000-$53,000
Fees for Services Legal-$18,387-$18,387
Total Functional Expenses$38,008,607$3,584,489$0$41,593,096

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$41,593,096
Total Expenses per Audited Statements$41,593,096
Total Expenses per Form 990$41,593,096
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$88,009

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
Corrective action procedures
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 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
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
Robbie L Wittner
Title
President
Phone
9729804805
Signed
2020-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robbie L Wittner
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 837 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/InterestGrp/ProgramServicesAmt010813416
IRS990/InterestGrp/TotalAmt010813416
IRS990/InvestmentIncomeGrp/ExclusionAmt0426172
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0426172
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt0145
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0203963950
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0199424777
IRS990/LandBldgEquipCostOrOtherBssAmt0218207339
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0IT 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt014585000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013660000
IRS990/NetAssetsOrFundBalancesBOYAmt0-3731941
IRS990/NetAssetsOrFundBalancesEOYAmt0-5394536
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-3731941
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-5394536
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01440184
IRS990/OccupancyGrp/TotalAmt01440184
IRS990/OfficeExpensesGrp/ProgramServicesAmt0695235
IRS990/OfficeExpensesGrp/TotalAmt0695235
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt020137745
IRS990/OtherAssetsTotalGrp/EOYAmt019081738
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0505413
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0505413
IRS990/OtherExpensesGrp/Desc0RESIDENTS CARE
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/Desc3MISSION CONTRIBUTION FE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0813931
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1720000
IRS990/OtherExpensesGrp/ProgramServicesAmt03113325
IRS990/OtherExpensesGrp/ProgramServicesAmt11690596
IRS990/OtherExpensesGrp/TotalAmt03113325
IRS990/OtherExpensesGrp/TotalAmt11690596
IRS990/OtherExpensesGrp/TotalAmt2813931
IRS990/OtherExpensesGrp/TotalAmt3720000
IRS990/OtherLiabilitiesGrp/BOYAmt088781
IRS990/OtherLiabilitiesGrp/EOYAmt088009
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010971918
IRS990/OtherSalariesAndWagesGrp/TotalAmt010971918
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01040306
IRS990/PayrollTaxesGrp/TotalAmt01040306
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt099049
IRS990/PensionPlanContributionsGrp/TotalAmt099049
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0386448
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0368504
IRS990/PrincipalOfficerNm0ROBBIE L WITTNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY & VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt039486669
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt117660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt039486669
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt117660
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0384110
IRS990/PYOtherExpensesAmt028176686
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt038942748
IRS990/PYRevenuesLessExpensesAmt0-1217199
IRS990/PYSalariesCompEmpBnftPaidAmt012367371
IRS990/PYTotalExpensesAmt040544057
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt039326858
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1662595
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt039504329
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0950332
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01216788
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0426172
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0384110
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0284788
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0144756
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01239826
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt039504329
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt038942748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt037920329
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt022674739
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0139042145
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0426172
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0384110
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0284788
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0144756
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01239826
IRS990ScheduleA/InvestmentIncomeCYPct00.00880
IRS990ScheduleA/InvestmentIncomePYPct00.00810
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99120
IRS990ScheduleA/PublicSupportPY509Pct00.99190
IRS990ScheduleA/PublicSupportTotal509Amt0139042145
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt039504329
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt038942748
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt037920329
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt022674739
IRS990ScheduleA/Total509Grp/TotalAmt0139042145
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt039930501
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt039326858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt038205117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt022819495
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0140281971
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0173355643
IRS990ScheduleD/BuildingsGrp/DepreciationAmt017014991
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0190370634
IRS990ScheduleD/EquipmentGrp/BookValueAmt04569134
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01767571
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06336705
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt041593096
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt021500000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt021500000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt048575
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt119022663
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt210500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UTILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1BOND RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCRUED INTEREST INCOME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt088009
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt039930501
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/TotalBookValueLandBuildingsAmt0199424777
IRS990ScheduleD/TotalBookValueOtherAssetsAmt019081738
IRS990ScheduleD/TotalExpensesPerForm990Amt041593096
IRS990ScheduleD/TotalLiabilityAmt088009
IRS990ScheduleD/TotalRevenuePerForm990Amt039930501
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt039930501
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt041593096
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/CompensationBasedOnRltdOrgsAmt0303500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1182967
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt0500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt196033
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$230,845,654
Liabilities
$236,240,190
Net assets
-$5,394,536
Revenue
$39,930,501
Expenses
$41,593,096
Net income
-$1,662,595
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
2019Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$246$247$0.94$22.8$23.8$0.94