Civic Intelligence

Cardinal Bay Inc.

990 • Fiscal year 2020 • EIN 35-2440075

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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

1.04x

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

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

6.23x

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

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

15th percentile

-11%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

39th percentile

$379,808

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

17th percentile

-2.2%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

29th percentile

-5.4%

Faster revenue growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$225,656,938

Down $5,188,716 (-2.2%) from 2019

Net Assets

Down

-$9,543,087

Down $4,148,551 (-77%) from 2019

Liabilities

Down

$235,200,025

Down $1,040,165 (-0.4%) from 2019

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin15th percentile

Revenue

Down

$37,782,896

Down $2,147,605 (-5.4%) from 2019

Expenses

Up

$41,931,447

Up $338,351 (+0.8%) from 2019

Net Income

Down

-$4,148,551

Down $2,485,956 (-150%) from 2019

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

2020

Assets$225,656,938
Liabilities$235,200,025
Net Assets-$9,543,087
Open 2020 Filing

Operations Trend

Revenue Growth29th 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

2020

Revenue$37,782,896
Expenses$41,931,447
Net Income-$4,148,551
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$37,782,896
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$199,424,777$194,703,092▼ $4,721,685
Intangible Assets$9,642,827$9,183,928▼ $458,899
Savings and Temporary Cash Investments$1,216,788$799,902▼ $416,886
Prepaid Expenses and Deferred Charges$368,504$433,633▲ $65,129
Cash and Non-Interest-Bearing Accounts$937,396$413,017▼ $524,379
Accounts Receivable$173,624$68,126▼ $105,498
Total Assets$230,845,654$225,656,938▼ $5,188,716
Other Assets Total$19,081,738$20,055,240▲ $973,502
Liabilities
Tax Exempt Bond Liabilities$214,212,667$211,670,107▼ $2,542,560
Mortgage Notes Payable Secured by Investment Property$13,660,000$12,715,000▼ $945,000
Accounts Payable and Accrued Expenses$7,091,378$7,378,208▲ $286,830
Other Liabilities$88,009$2,618,476▲ $2,530,467
Deferred Revenue$1,188,136$818,234▼ $369,902
Total Liabilities$236,240,190$235,200,025▼ $1,040,165
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-5,394,536$-9,543,087▼ $4,148,551
Total Net Assets Fund Balance$-5,394,536$-9,543,087▼ $4,148,551
Total Liabilities and Net Assets / Fund Balance$230,845,654$225,656,938▼ $5,188,716

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$169,085,694$21,781,157$190,866,851
Land$21,500,000-$21,500,000
Equipment$4,117,398$2,410,816$6,528,214
Other Assets Org$10,500--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Robbie L WittnerChairman, COO, Secretary
Lloyd Kitchen IiiPresident
Lloyd KitchenExecutive Vice President
Doug LeeDirector
Ernest GarciaDirector
Jennifer RodriguezDirector
T Wayne NanceDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Bridgewood-rcm Property Management LLCManagement6363 WOODWAY DRIVE SUITE 870, Houston, TX 77057$1,560,000
Hd Supply Facilities Maintenance LtdMaintenancePO BOX 509058, San Diego, CA 92150$304,216
Choice Management Services LLCAsset Management12106 BROOKMEADOW LN, Dallas, TX 75218$293,000
A Place For MomPlacement701 5TH AVENUE STE 3200, Seattle, WA 98104$114,983
Green Pride LandscapingGrounds MaintenancePO BOX 147, Missouri City, TX 77459$106,266
Revenue and Support

Revenue Composition

Contributions and Grants
$778,855
Program Service Revenue
$36,727,053
Investment Income
$276,988
Other Revenue
$0
Change in Net Assets
$-4,148,551

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,782,896
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$37,782,896
Total Revenue per Form 990
$37,782,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,466,143
Salaries, Compensation, and Employee Benefits$13,465,304
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,740,752--$11,740,752
Interest$10,301,290--$10,301,290
Depreciation Depletion$5,868,310--$5,868,310
Fees for Services Management-$1,560,000-$1,560,000
Occupancy$1,378,137--$1,378,137
Payroll Taxes$1,103,287--$1,103,287
Insurance$1,018,341--$1,018,341
Other Expenses$1,482,122$692,020-$692,020
Office Expenses$688,117--$688,117
Other Employee Benefits$525,342--$525,342
All Other Expenses$493,367--$493,367
Fees for Services Other-$466,839-$466,839
Advertising$456,617--$456,617
Information Technology$280,140--$280,140
Pension Plan Contributions$95,923--$95,923
Fees for Services Accounting-$53,000-$53,000
Fees for Services Legal-$44,098-$44,098
Travel-$35,860-$35,860
Total Functional Expenses$38,359,630$3,571,817$0$41,931,447

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$41,931,447
Total Expenses per Audited Statements$41,931,447
Total Expenses per Form 990$41,931,447
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board Member Resigned and Became President of Interested PartyAsset Oversight FeesNo$293,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$2,535,300
Tenant Security Deposits$83,176

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
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
Robbie L Wittner
Title
COO
Phone
9729804805
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robbie L Wittner
Formed
2012
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
2
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 884 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/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt037782896
IRS990/GroupExemptionNum03473
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0280140
IRS990/InformationTechnologyGrp/TotalAmt0280140
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IRS990/InsuranceGrp/TotalAmt01018341
IRS990/IntangibleAssetsGrp/BOYAmt09642827
IRS990/IntangibleAssetsGrp/EOYAmt09183928
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0276988
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
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IRS990/IRPDocumentW2GCnt00
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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/BOYAmt013660000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012715000
IRS990/NetAssetsOrFundBalancesBOYAmt0-5394536
IRS990/NetAssetsOrFundBalancesEOYAmt0-9543087
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-5394536
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-9543087
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01378137
IRS990/OccupancyGrp/TotalAmt01378137
IRS990/OfficeExpensesGrp/ProgramServicesAmt0688117
IRS990/OfficeExpensesGrp/TotalAmt0688117
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019081738
IRS990/OtherAssetsTotalGrp/EOYAmt020055240
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0525342
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0525342
IRS990/OtherExpensesGrp/Desc0RESIDENTS CARE
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MISSION CONTRIBUTION FE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0720000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1692020
IRS990/OtherExpensesGrp/ProgramServicesAmt02927885
IRS990/OtherExpensesGrp/ProgramServicesAmt11482122
IRS990/OtherExpensesGrp/TotalAmt02927885
IRS990/OtherExpensesGrp/TotalAmt11482122
IRS990/OtherExpensesGrp/TotalAmt2720000
IRS990/OtherExpensesGrp/TotalAmt3692020
IRS990/OtherLiabilitiesGrp/BOYAmt088009
IRS990/OtherLiabilitiesGrp/EOYAmt02618476
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011740752
IRS990/OtherSalariesAndWagesGrp/TotalAmt011740752
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01103287
IRS990/PayrollTaxesGrp/TotalAmt01103287
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt095923
IRS990/PensionPlanContributionsGrp/TotalAmt095923
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0368504
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0433633
IRS990/PrincipalOfficerNm0ROBBIE L WITTNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY & VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt036704952
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122101
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt036704952
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122101
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0426172
IRS990/PYOtherExpensesAmt028976410
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt039504329
IRS990/PYRevenuesLessExpensesAmt0-1662595
IRS990/PYSalariesCompEmpBnftPaidAmt012616686
IRS990/PYTotalExpensesAmt041593096
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt039930501
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-4148551
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt036727053
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01216788
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0799902
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0778855
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0778855
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0276988
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0426172
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0384110
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0284788
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0144756
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01516814
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt036727053
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt039504329
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt038942748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt037920329
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt022674739
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0175769198
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0276988
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0426172
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0384110
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0284788
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0144756
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01516814
IRS990ScheduleA/InvestmentIncomeCYPct00.00850
IRS990ScheduleA/InvestmentIncomePYPct00.00880
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99150
IRS990ScheduleA/PublicSupportPY509Pct00.99120
IRS990ScheduleA/PublicSupportTotal509Amt0176548053
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt037505908
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt039504329
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt038942748
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt037920329
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt022674739
IRS990ScheduleA/Total509Grp/TotalAmt0176548053
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt037782896
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt039930501
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt039326858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt038205117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt022819495
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0178064867
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/BookValueAmt0169085694
IRS990ScheduleD/BuildingsGrp/DepreciationAmt021781157
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0190866851
IRS990ScheduleD/EquipmentGrp/BookValueAmt04117398
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02410816
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06528214
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt041931447
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt021500000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt021500000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt041305
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt120003435
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt210500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UTILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1BOND RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCRUED INTEREST INCOME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt083176
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12535300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP LOAN
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt037782896
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/TotalBookValueLandBuildingsAmt0194703092
IRS990ScheduleD/TotalBookValueOtherAssetsAmt020055240
IRS990ScheduleD/TotalExpensesPerForm990Amt041931447
IRS990ScheduleD/TotalLiabilityAmt02618476
IRS990ScheduleD/TotalRevenuePerForm990Amt037782896
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt037782896
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt041931447
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd01
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$225,656,938
Liabilities
$235,200,025
Net assets
-$9,543,087
Revenue
$37,782,896
Expenses
$41,931,447
Net income
-$4,148,551
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
2020Detailed filing. Detailed filing data is available for this year.$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
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