Civic Intelligence

Cardinal Bay Inc.

990 • Fiscal year 2021 • EIN 35-2440075

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

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

95th percentile

1.05x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

5.91x

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

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

13th percentile

-5.9%

Higher net margin than 13% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

38th percentile

$358,185

Higher top officer pay than 38% of similar nonprofits.

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

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Asset Growth

9th percentile

-3.2%

Faster asset growth than 9% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

3.1%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$218,351,213

Down $7,305,725 (-3.2%) from 2020

Net Assets

Down

-$11,854,226

Down $2,311,139 (-24%) from 2020

Liabilities

Down

$230,205,439

Down $4,994,586 (-2.1%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin13th percentile

Revenue

Up

$38,962,126

Up $1,179,230 (+3.1%) from 2020

Expenses

Down

$41,273,265

Down $658,182 (-1.6%) from 2020

Net Income

Up

-$2,311,139

Up $1,837,412 (+44%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2021

Assets$218,351,213
Liabilities$230,205,439
Net Assets-$11,854,226
Open 2021 Filing

Operations Trend

Revenue Growth33rd 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

2021

Revenue$38,962,126
Expenses$41,273,265
Net Income-$2,311,139
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$39,151,988
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$194,703,092$189,898,067▼ $4,805,025
Intangible Assets$9,183,928$8,729,739▼ $454,189
Savings and Temporary Cash Investments$799,902$1,147,786▲ $347,884
Prepaid Expenses and Deferred Charges$433,633$422,047▼ $11,586
Cash and Non-Interest-Bearing Accounts$413,017$390,525▼ $22,492
Accounts Receivable$68,126$113,974▲ $45,848
Total Assets$225,656,938$218,351,213▼ $7,305,725
Other Assets Total$20,055,240$17,649,075▼ $2,406,165
Liabilities
Tax Exempt Bond Liabilities$211,670,107$209,055,654▼ $2,614,453
Mortgage Notes Payable Secured by Investment Property$12,715,000$11,745,000▼ $970,000
Accounts Payable and Accrued Expenses$7,378,208$8,663,415▲ $1,285,207
Deferred Revenue$818,234$667,671▼ $150,563
Other Liabilities$2,618,476$73,699▼ $2,544,777
Total Liabilities$235,200,025$230,205,439▼ $4,994,586
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-9,543,087$-11,854,226▼ $2,311,139
Total Net Assets Fund Balance$-9,543,087$-11,854,226▼ $2,311,139
Total Liabilities and Net Assets / Fund Balance$225,656,938$218,351,213▼ $7,305,725

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$164,411,290$26,558,974$190,970,264
Land$21,500,000-$21,500,000
Equipment$3,986,777$3,091,121$7,077,898
Other Assets Org$2,859,548--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleOtherTotal
Lloyd Kitchen IiiPresident$136,103$136,103

Board Members and Trustees

NameTitle
Robbie L WittnerChairman, COO, Secretary
Lloyd KitchenExecutive Vice President
Doug LeeDirector
Ernest GarciaDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Bridgewood-rcm Property Management LLCManagement6363 WOODWAY DRIVE SUITE 870, Houston, TX 77057$1,560,000
Osr Construction Services LLCConstruction16100 CAIRNWAY DRIVE STE 367, Houston, TX 77084$1,038,352
Cotton Commercial USA INCConstructionPO BOX 1265, Houston, TX 77251$733,646
Hd Supply Facilities Maintenance LtdMaintenancePO BOX 509058, San Diego, CA 92150$344,065
Choice Management Services LLCAsset Management12106 BROOKMEADOW LN, Dallas, TX 75218$294,721
Revenue and Support

Revenue Composition

Contributions and Grants
$3,318,703
Program Service Revenue
$35,391,629
Investment Income
$251,794
Other Revenue
$0
Change in Net Assets
$-2,311,139

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,962,126
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$38,962,126
Total Revenue per Form 990
$38,962,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,790,550
Salaries, Compensation, and Employee Benefits$12,482,715
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,844,111--$10,844,111
Interest$10,185,946--$10,185,946
Depreciation Depletion$5,912,311--$5,912,311
Fees for Services Management-$1,560,000-$1,560,000
Occupancy$1,350,429--$1,350,429
Insurance$1,097,410--$1,097,410
Payroll Taxes$1,056,747--$1,056,747
Other Expenses$1,131,899$685,206-$685,206
Office Expenses$684,515--$684,515
Advertising$634,644--$634,644
Other Employee Benefits$498,749--$498,749
Fees for Services Legal-$481,642-$481,642
Fees for Services Other-$380,243-$380,243
All Other Expenses$334,061--$334,061
Information Technology$264,061--$264,061
Pension Plan Contributions$83,108--$83,108
Fees for Services Accounting-$53,000-$53,000
Travel-$44,878-$44,878
Total Functional Expenses$37,348,296$3,924,969$0$41,273,265

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$41,273,265
Total Expenses per Audited Statements$41,273,265
Total Expenses per Form 990$41,273,265
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
-Former Board Member Who Became President of Interested PartyAsset Oversight FeesNo$294,721
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$73,699

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
2022-11-09
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 858 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/InvestTaxExemptBondsInd00
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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
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt016817
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-11854226
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01350429
IRS990/OccupancyGrp/TotalAmt01350429
IRS990/OfficeExpensesGrp/ProgramServicesAmt0684515
IRS990/OfficeExpensesGrp/TotalAmt0684515
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt020055240
IRS990/OtherAssetsTotalGrp/EOYAmt017649075
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0498749
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0498749
IRS990/OtherExpensesGrp/Desc0RESIDENTS CARE
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MISSION CONTRIBUTION FE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0720000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1685206
IRS990/OtherExpensesGrp/ProgramServicesAmt03270305
IRS990/OtherExpensesGrp/ProgramServicesAmt11131899
IRS990/OtherExpensesGrp/TotalAmt03270305
IRS990/OtherExpensesGrp/TotalAmt11131899
IRS990/OtherExpensesGrp/TotalAmt2720000
IRS990/OtherExpensesGrp/TotalAmt3685206
IRS990/OtherLiabilitiesGrp/BOYAmt02618476
IRS990/OtherLiabilitiesGrp/EOYAmt073699
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010844111
IRS990/OtherSalariesAndWagesGrp/TotalAmt010844111
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01056747
IRS990/PayrollTaxesGrp/TotalAmt01056747
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt083108
IRS990/PensionPlanContributionsGrp/TotalAmt083108
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0433633
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0422047
IRS990/PrincipalOfficerNm0ROBBIE L WITTNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY & VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt035371436
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120193
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt035371436
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120193
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0778855
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0276988
IRS990/PYOtherExpensesAmt028466143
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt036727053
IRS990/PYRevenuesLessExpensesAmt0-4148551
IRS990/PYSalariesCompEmpBnftPaidAmt013465304
IRS990/PYTotalExpensesAmt041931447
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt037782896
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2311139
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt035408446
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0799902
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01147786
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03318703
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0778855
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04097558
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0234977
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0276988
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0426172
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0384110
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0284788
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01607035
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt035391629
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt036727053
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt039504329
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt038942748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt037920329
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0188486088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0234977
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0276988
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0426172
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0384110
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0284788
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01607035
IRS990ScheduleA/InvestmentIncomeCYPct00.00830
IRS990ScheduleA/InvestmentIncomePYPct00.00850
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99170
IRS990ScheduleA/PublicSupportPY509Pct00.99150
IRS990ScheduleA/PublicSupportTotal509Amt0192583646
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt038710332
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt037505908
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt039504329
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt038942748
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt037920329
IRS990ScheduleA/Total509Grp/TotalAmt0192583646
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt038945309
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt037782896
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt039930501
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt039326858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt038205117
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0194190681
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/BookValueAmt0164411290
IRS990ScheduleD/BuildingsGrp/DepreciationAmt026558974
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0190970264
IRS990ScheduleD/EquipmentGrp/BookValueAmt03986777
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03091121
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07077898
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt041273265
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt021500000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt021500000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt041785
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt114737242
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt210500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt32859548
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UTILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1BOND RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCRUED INTEREST INCOME
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt073699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt038962126
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:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt017649075
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IRS990ScheduleD/TotalLiabilityAmt073699
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt038962126
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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

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$218,351,213
Liabilities
$230,205,439
Net assets
-$11,854,226
Revenue
$38,962,126
Expenses
$41,273,265
Net income
-$2,311,139
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
2021Detailed filing. Detailed filing data is available for this year.$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
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