Civic Intelligence

Laverna Terrace Housing Corporation

990 • Fiscal year 2015 • EIN 36-3438977

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 11, 2016

Organization ProfileN/A
18927 Hickory Creek Drive No 300Mokena, IL 60448

(317) 271-8888

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.37x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

91st percentile

2.42x

Higher debt load relative to revenue than 91% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

15th percentile

-18%

Higher net margin than 15% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

96th percentile

$367,152

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 97.6% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

21st percentile

-5.3%

Faster asset growth than 21% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

2nd percentile

-74%

Faster revenue growth than 2% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$2,482,485

Down $140,272 (-5.3%) from 2014

Net Assets

Down

$1,570,796

Down $69,384 (-4.2%) from 2014

Liabilities

Down

$911,689

Down $70,888 (-7.2%) from 2014

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin15th percentile

Revenue

Down

$376,243

Down $1,094,193 (-74%) from 2014

Expenses

Up

$445,627

Up $2,700 (+0.6%) from 2014

Net Income

Down

-$69,384

Down $1,096,893 (-107%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2012: $611,268Liabilities 2012: $1,162,244Net Assets 2012: -$550,9762012Assets 2013: $1,795,974Liabilities 2013: $1,174,326Net Assets 2013: $621,6482013Assets 2014: $2,622,757Liabilities 2014: $982,577Net Assets 2014: $1,640,1802014Assets 2015: $2,482,485Liabilities 2015: $911,689Net Assets 2015: $1,570,7962015Assets 2016: $4,197,993Liabilities 2016: $1,794,082Net Assets 2016: $2,403,9112016Assets 2018: $5,083,100Liabilities 2018: $636,790Net Assets 2018: $4,446,3102018Assets 2019: $4,880,665Liabilities 2019: $532,977Net Assets 2019: $4,347,6882019Assets 2020: $4,670,646Liabilities 2020: $399,477Net Assets 2020: $4,271,1692020Assets 2021: $4,435,488Liabilities 2021: $279,244Net Assets 2021: $4,156,2442021Assets 2022: $4,251,296Liabilities 2022: $147,182Net Assets 2022: $4,104,1142022Assets 2023: $4,153,322Liabilities 2023: $121,349Net Assets 2023: $4,031,9732023Assets 2024: $4,070,390Liabilities 2024: $83,109Net Assets 2024: $3,987,2812024

Highlighted filing

2015

Assets$2,482,485
Liabilities$911,689
Net Assets$1,570,796
Open 2015 Filing

Operations Trend

Revenue Growth2nd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $342,2922012Expenses 2013: $329,3962013Revenue 2014: $1,470,436Expenses 2014: $442,927Net Income 2014: $1,027,5092014Revenue 2015: $376,243Expenses 2015: $445,627Net Income 2015: -$69,3842015Revenue 2016: $1,304,408Expenses 2016: $471,293Net Income 2016: $833,1152016Revenue 2018: $825,261Expenses 2018: $582,155Net Income 2018: $243,1062018Revenue 2019: $499,191Expenses 2019: $597,813Net Income 2019: -$98,6222019Revenue 2020: $505,292Expenses 2020: $581,811Net Income 2020: -$76,5192020Revenue 2021: $459,956Expenses 2021: $574,881Net Income 2021: -$114,9252021Revenue 2022: $528,611Expenses 2022: $580,741Net Income 2022: -$52,1302022Revenue 2023: $469,999Expenses 2023: $542,140Net Income 2023: -$72,1412023Revenue 2024: $571,066Expenses 2024: $615,758Net Income 2024: -$44,6922024

Highlighted filing

2015

Revenue$376,243
Expenses$445,627
Net Income-$69,384
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 11, 2016
Return Version
2014v6.0
Gross Receipts
$376,243
Mission and Program Overview

Mission

Provide affordable housing facilities for low-income elderly and handicapped individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,470,968$2,342,566▼ $128,402
Investments Program Related$123,127$116,441▼ $6,686
Cash and Non-Interest-Bearing Accounts$9,740$5,790▼ $3,950
Prepaid Expenses and Deferred Charges$2,611$0▼ $2,611
Accounts Receivable$2,001$845▼ $1,156
Total Assets$2,622,757$2,482,485▼ $140,272
Other Assets Total$14,310$16,843▲ $2,533
Liabilities
Mortgage Notes Payable Secured by Investment Property$938,804$861,468▼ $77,336
Accounts Payable and Accrued Expenses$28,766$33,364▲ $4,598
Other Liabilities$15,007$16,785▲ $1,778
Deferred Revenue-$72-
Total Liabilities$982,577$911,689▼ $70,888
Net Assets / Fund Balance
Unrestricted Net Assets$1,640,180$1,570,796▼ $69,384
Total Net Assets Fund Balance$1,640,180$1,570,796▼ $69,384
Total Liabilities and Net Assets / Fund Balance$2,622,757$2,482,485▼ $140,272

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,082,018$1,205,337$3,287,355
Equipment$192,267$273,707$465,974
Land$68,281-$68,281
Other Land Buildings$0$10,565$10,565
Compensation and Service Providers
Top Officer Pay96th percentile

Board Members and Trustees

NameTitle
Marie MasonChair
Joseph HugarPresident
Sallie MillerVice Chair
Dr Lawrence PankauBoard Member
James C HagenBoard Member
Jean BlakeBoard Member
John LarsonBoard Member
Lucia JonesBoard Member
Nancy T DowdBoard Member
Phyllis NicholsBoard Member
Theresa KwiatkowskiBoard Member
Tim PhillippeBoard Member
Patricia GomezSecretary
Thomas E SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$192,882
Program Service Revenue
$179,662
Investment Income
$284
Other Revenue
$3,415
Change in Net Assets
$-69,384

Audited Revenue Reconciliation

Revenue per Audited Statements
$376,243
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$376,243
Total Revenue per Form 990
$376,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$445,627
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$150,648--$150,648
Depreciation Depletion$128,403--$128,403
Interest$82,384--$82,384
Fees for Services Management-$27,051-$27,051
Fees for Services Accounting-$16,066-$16,066
Office Expenses$3,705--$3,705
Advertising$3,449--$3,449
Conferences and Meetings-$2,492-$2,492
Other Expenses$658--$658
Total Functional Expenses$400,018$45,609$0$445,627

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$445,627
Total Expenses per Audited Statements$445,627
Total Expenses per Form 990$445,627
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
Security Deposits$14,400
Accrued Mgmt Fee Payable$2,385
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Provena laverna terrace is managed by national church residences. National church residences has a project owner's and management agent's certification for multifamily housing projects with the u.s. Department of housing and urban development. Under this certification, hud has approved national church residences to manage the provena laverna terrace community. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”

Form 990, Part VI, Section B, Line 11

“The organization's officers & directors receive and review a copy of form 990 prior to filing the return.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, financial statements and tax returns available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Provena Laverna Terrace
EIN
36-3438977
Phone
3172718888
Address
18927 HICKORY CREEK DRIVE NO 300, MOKENA, IL 60448

Signing Officer

Name
Joseph Hugar
Title
President
Phone
3172718888
Signed
2016-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Gordon
Formed
1982
Legal Domicile
In
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD STE 300, CARMEL, IN 46032
Preparer
Jessica Cooper
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

“The organization's officers and directors are responsible for overseeing the audit process, reviewing the financial statements and for the selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed by the applicable tax authority.”

Raw XML AppendixShowing 400 of 561 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt028766
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt033364
IRS990/AccountsReceivableGrp/BOYAmt02001
IRS990/AccountsReceivableGrp/EOYAmt0845
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE AFFORDABLE HOUSING FACILITIES FOR LOW-INCOME ELDERLY AND HANDICAPPED INDIVIDUALS.
IRS990/AdvertisingGrp/ProgramServicesAmt03449
IRS990/AdvertisingGrp/TotalAmt03449
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DOMINION REALTY INC
IRS990/BooksInCareOfDetail/PhoneNum03172718888
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt08355 ROCKVILLE ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0INDIANAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd046234
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt09740
IRS990/CashNonInterestBearingGrp/EOYAmt05790
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt02492
IRS990/ConferencesMeetingsGrp/TotalAmt02492
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0192882
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0284
IRS990/CYOtherExpensesAmt0445627
IRS990/CYOtherRevenueAmt03415
IRS990/CYProgramServiceRevenueAmt0179662
IRS990/CYRevenuesLessExpensesAmt0-69384
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0445627
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0376243
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt072
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0128403
IRS990/DepreciationDepletionGrp/TotalAmt0128403
IRS990/Desc0THE ORGANIZATION PROVIDES AFFORDABLE HOUSING TO LOW-INCOME SENIOR INDIVIDUALS. THE ORGANIZATION OWNS & OPERATES A 51 UNIT APARTMENTCOMMUNITY. THE RENTS CHARGED TO TENANTS ARE SUBSIDIZED AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0400018
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016066
IRS990/FeesForServicesAccountingGrp/TotalAmt016066
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt027051
IRS990/FeesForServicesManagementGrp/TotalAmt027051
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt034026
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1058548
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSEPH HUGAR
IRS990/Form990PartVIISectionAGrp/PersonNm1THOMAS E SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm2PATRICIA GOMEZ
IRS990/Form990PartVIISectionAGrp/PersonNm3MARIE MASON
IRS990/Form990PartVIISectionAGrp/PersonNm4SALLIE MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm5TIM PHILLIPPE
IRS990/Form990PartVIISectionAGrp/PersonNm6NANCY T DOWD
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES C HAGEN
IRS990/Form990PartVIISectionAGrp/PersonNm8THERESA KWIATKOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm9PHYLLIS NICHOLS
IRS990/Form990PartVIISectionAGrp/PersonNm10JEAN BLAKE
IRS990/Form990PartVIISectionAGrp/PersonNm11LUCIA JONES
IRS990/Form990PartVIISectionAGrp/PersonNm12JOHN LARSON
IRS990/Form990PartVIISectionAGrp/PersonNm13DR LAWRENCE PANKAU
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0323437
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10308604
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt0192882
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0376243
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ProgramServicesAmt082384
IRS990/InterestGrp/TotalAmt082384
IRS990/InvestmentIncomeGrp/ExclusionAmt0284
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0284
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0123127
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0116441
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01489609
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02470968
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02342566
IRS990/LandBldgEquipCostOrOtherBssAmt03832175
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE AFFORDABLE HOUSING FACILITIES FOR LOW-INCOME ELDERLY AND HANDICAPPED INDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0938804
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0861468
IRS990/NetAssetsOrFundBalancesBOYAmt01640180
IRS990/NetAssetsOrFundBalancesEOYAmt01570796
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0150648
IRS990/OccupancyGrp/TotalAmt0150648
IRS990/OfficeExpensesGrp/ProgramServicesAmt03705
IRS990/OfficeExpensesGrp/TotalAmt03705
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014310
IRS990/OtherAssetsTotalGrp/EOYAmt016843
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MGMT CO EMPLOYEE CHARGE
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/ProgramServicesAmt030771
IRS990/OtherExpensesGrp/ProgramServicesAmt1658
IRS990/OtherExpensesGrp/TotalAmt030771
IRS990/OtherExpensesGrp/TotalAmt1658
IRS990/OtherLiabilitiesGrp/BOYAmt015007
IRS990/OtherLiabilitiesGrp/EOYAmt016785
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02194
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11221
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02194
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11221
IRS990/OtherRevenueTotalAmt03415
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02611
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0MICHAEL GORDON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0179662
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0179662
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01393345
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-47806
IRS990/PYOtherExpensesAmt0442927
IRS990/PYOtherRevenueAmt02431
IRS990/PYProgramServiceRevenueAmt0122466
IRS990/PYRevenuesLessExpensesAmt01027509
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0442927
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01470436
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-69384
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0183077
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0192882
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01393345
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01208180
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt057909
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02852316
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0284
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0231
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0214
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0182
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0178
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01089
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0179662
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0122466
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0291526
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0394047
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0433893
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01421594
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0284
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0231
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0214
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0182
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0178
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01089
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03415
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02431
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02949
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03585
IRS990ScheduleA/OtherIncome509Grp/TotalAmt014480
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99640
IRS990ScheduleA/PublicSupportPY509Pct00.99650
IRS990ScheduleA/PublicSupportTotal509Amt04273910
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0372544
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01515811
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01499706
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0451956
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0433893
IRS990ScheduleA/Total509Grp/TotalAmt04273910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0376243
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01518473
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01502020
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0455087
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0437656
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04289479
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/BookValueAmt02082018
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01205337
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03287355
IRS990ScheduleD/EquipmentGrp/BookValueAmt0192267
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0273707
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0465974
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0445627
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt068281
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt068281
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010565
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010565
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02385
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED MGMT FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0376243
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02342566
IRS990ScheduleD/TotalExpensesPerForm990Amt0445627
IRS990ScheduleD/TotalLiabilityAmt016785
IRS990ScheduleD/TotalRevenuePerForm990Amt0376243
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0376243
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0445627
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,482,485
Liabilities
$911,689
Net assets
$1,570,796
Revenue
$376,243
Expenses
$445,627
Net income
-$69,384
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.07$0.08$3.99$0.57$0.62$0.04
2023Detailed filing. Detailed filing data is available for this year.$4.15$0.12$4.03$0.47$0.54$0.07
2022Detailed filing. Detailed filing data is available for this year.$4.25$0.15$4.10$0.53$0.58$0.05
2021Detailed filing. Detailed filing data is available for this year.$4.44$0.28$4.16$0.46$0.57$0.11
2020Detailed filing. Detailed filing data is available for this year.$4.67$0.40$4.27$0.51$0.58$0.08
2019Detailed filing. Detailed filing data is available for this year.$4.88$0.53$4.35$0.50$0.60$0.10
2018Detailed filing. Detailed filing data is available for this year.$5.08$0.64$4.45$0.83$0.58$0.24
2016Detailed filing. Detailed filing data is available for this year.$4.20$1.79$2.40$1.30$0.47$0.83
2015Detailed filing. Detailed filing data is available for this year.$2.48$0.91$1.57$0.38$0.45$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.62$0.98$1.64$1.47$0.44$1.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$1.17$0.62$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$1.16$0.55$0.34