Civic Intelligence

North Woodriver Foundation

990 • Fiscal year 2016 • EIN 36-3515219

Jun 01, 2015 to May 31, 2016 • Filed on Feb 09, 2017

Organization ProfileN/A
8201 W 183rd StreetTinley Park, IL 60487

(708) 444-4942

Siviq Scores

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

Liabilities / Assets

97th percentile

1.58x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

4.37x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

27th percentile

-6.0%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

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

Source year 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Balance Sheet
Liabilities / Assets97th percentile

Assets

$3,225,526

No earlier filing loaded for comparison.

Net Assets

-$1,865,140

No earlier filing loaded for comparison.

Liabilities

$5,090,666

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin27th percentile

Revenue

$1,166,183

No earlier filing loaded for comparison.

Expenses

$1,236,035

No earlier filing loaded for comparison.

Net Income

-$69,852

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2016: $3,225,526Liabilities 2016: $5,090,666Net Assets 2016: -$1,865,1402016Assets 2017: $3,058,675Liabilities 2017: $4,957,205Net Assets 2017: -$1,898,5302017Assets 2018: $2,934,039Liabilities 2018: $4,881,910Net Assets 2018: -$1,947,8712018Assets 2019: $2,769,771Liabilities 2019: $4,839,088Net Assets 2019: -$2,069,3172019Assets 2020: $2,566,285Liabilities 2020: $4,735,828Net Assets 2020: -$2,169,5432020Assets 2021: $2,374,425Liabilities 2021: $4,651,126Net Assets 2021: -$2,276,7012021Assets 2022: $2,278,880Liabilities 2022: $4,568,531Net Assets 2022: -$2,289,6512022Assets 2023: $2,205,313Liabilities 2023: $4,492,104Net Assets 2023: -$2,286,7912023

Highlighted filing

2016

Assets$3,225,526
Liabilities$5,090,666
Net Assets-$1,865,140
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $1,166,183Expenses 2016: $1,236,035Net Income 2016: -$69,8522016Revenue 2017: $1,195,633Expenses 2017: $1,229,023Net Income 2017: -$33,3902017Revenue 2018: $1,181,093Expenses 2018: $1,230,434Net Income 2018: -$49,3412018Revenue 2019: $1,211,246Expenses 2019: $1,332,692Net Income 2019: -$121,4462019Revenue 2020: $1,300,861Expenses 2020: $1,401,087Net Income 2020: -$100,2262020Revenue 2021: $1,253,099Expenses 2021: $1,360,257Net Income 2021: -$107,1582021Revenue 2022: $1,278,911Expenses 2022: $1,291,861Net Income 2022: -$12,9502022Revenue 2023: $1,331,001Expenses 2023: $1,328,141Net Income 2023: $2,8602023

Highlighted filing

2016

Revenue$1,166,183
Expenses$1,236,035
Net Income-$69,852
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Feb 9, 2017
Return Version
2015v3.0
Gross Receipts
$1,166,183
Mission and Program Overview

Mission

The project provides housing to eligible low income tenants. Tenants pay a portion of the rent based on their ability to pay as determined by hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,837,911$2,780,396▼ $57,515
Savings and Temporary Cash Investments$174,877$190,422▲ $15,545
Intangible Assets$196,274$190,415▼ $5,859
Accounts Receivable$25,291$24,906▼ $385
Cash and Non-Interest-Bearing Accounts$167,085$17,085▼ $150,000
Prepaid Expenses and Deferred Charges$21,554$16,758▼ $4,796
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$3,461,148$3,225,526▼ $235,622
Other Assets Total$38,156$5,544▼ $32,612
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,044,393$4,961,373▼ $83,020
Accounts Payable and Accrued Expenses$121,025$86,813▼ $34,212
Other Liabilities$51,621$41,247▼ $10,374
Deferred Revenue$5,702$1,233▼ $4,469
Total Liabilities$5,222,741$5,090,666▼ $132,075
Net Assets / Fund Balance
Unrestricted Net Assets$-1,761,593$-1,865,140▼ $103,547
Total Net Assets Fund Balance$-1,761,593$-1,865,140▼ $103,547
Total Liabilities and Net Assets / Fund Balance$3,461,148$3,225,526▼ $235,622

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,902,586$2,177,280$4,079,866
Leasehold Improvements$720,828$331,778$1,052,606
Equipment$57,001$315,414$372,415
Land$99,981-$99,981
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Rev Gerald M DewPresident
Ricky GuytonVice President
Rev George DanielsDirector
Rev Herman LarryDirector
John TaylorSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,155,038
Investment Income
$166
Other Revenue
$10,979
Change in Net Assets
$-69,852

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,166,183
Total Revenue per Audited Statements
$1,166,183
Total Revenue per Form 990
$1,166,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$948,203
Salaries, Compensation, and Employee Benefits$287,832
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$229,506--$229,506
Interest$217,179--$217,179
Other Salaries and Wages$216,038--$216,038
All Other Expenses$159,077--$159,077
Fees for Services Management$48,852--$48,852
Office Expenses$47,909--$47,909
Other Employee Benefits$41,875--$41,875
Insurance$39,123--$39,123
Payroll Taxes$29,919--$29,919
Other Expenses$27,194--$27,194
Fees for Services Accounting$19,694--$19,694
Fees for Services Legal$9,010--$9,010
Advertising$870--$870
Total Functional Expenses$1,236,035$0$0$1,236,035

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,236,035
Total Expenses per Audited Statements$1,236,035
Total Expenses per Form 990$1,236,035
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$18,074
Accrued Wages$12,630
Security Deposits$10,543
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Line 3: Description of Delegated Duties to Management Company

“A property management company provides general management services for the building under the direction of the Board.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 copy is provided for review of Board and Officers.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“BOARD MEETING TOPICS”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“No officers or board members are compensated. All other personnel are employees of the professional management company. The management company compensation is determined via contract negotiation and it is approved by HUD.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Board reviews and approves management company's contract and management company's on-site employees.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“On hand upon request in management office”

Filing and Contact Details

Filer

Filer Name
North Woodriver Foundation
EIN
36-3515219
Phone
7084444942
Address
8201 W 183RD STREET, TINLEY PARK, IL 60487

Signing Officer

Name
John Taylor
Title
Secretary
Signed
2017-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Gerald M Dew
Formed
1992
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Wieland & Company Inc Cpas
Address
201 HOUSTON STREET SUITE 301, BATAVIA, IL 60510
Preparer
Paul H Wieland CPA
Phone
6304064490
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

“BAD DEBT: Column (A) - Total = $9959; Column (B) - Program Services = $9959; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“ELECTRICITY: Column (A) - Total = $20037; Column (B) - Program Services = $20037; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“GARBAGE REMOVAL: Column (A) - Total = $14867; Column (B) - Program Services = $14867; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“GAS : Column (A) - Total = $17102; Column (B) - Program Services = $17102; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“mISCELLANEOUS ADMIN: Column (A) - Total = $25918; Column (B) - Program Services = $25918; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“MISCELLANEOUS OPERATING: Column (A) - Total = $23528; Column (B) - Program Services = $23528; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“MORTGAGE INSURANCE PREMIUM: Column (A) - Total = $22466; Column (B) - Program Services = $22466; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“SEWER: Column (A) - Total = $12676; Column (B) - Program Services = $12676; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“SNOW REMOVAL: Column (A) - Total = $1927; Column (B) - Program Services = $1927; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“WATER: Column (A) - Total = $5551; Column (B) - Program Services = $5551; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“WORKERS' COMP: Column (A) - Total = $5046; Column (B) - Program Services = $5046; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is tax exempt under Internal Revenue Code Section 501(c)(3), is classified as a public charity and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more than likely than not, based on technical merits, that the position will be sustained upon examination. As of May 31, 2016, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

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IRS990/OfficeExpensesGrp/TotalAmt047909
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt038156
IRS990/OtherAssetsTotalGrp/EOYAmt05544
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt041875
IRS990/OtherEmployeeBenefitsGrp/TotalAmt041875
IRS990/OtherExpensesGrp/Desc0SECURITY PAYROLL/CONTRACT
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2CONTRACTS
IRS990/OtherExpensesGrp/Desc3HVAC REPAIRS
IRS990/OtherExpensesGrp/ProgramServicesAmt086526
IRS990/OtherExpensesGrp/ProgramServicesAmt134748
IRS990/OtherExpensesGrp/ProgramServicesAmt228515
IRS990/OtherExpensesGrp/ProgramServicesAmt327194
IRS990/OtherExpensesGrp/TotalAmt086526
IRS990/OtherExpensesGrp/TotalAmt134748
IRS990/OtherExpensesGrp/TotalAmt228515
IRS990/OtherExpensesGrp/TotalAmt327194
IRS990/OtherLiabilitiesGrp/BOYAmt051621
IRS990/OtherLiabilitiesGrp/EOYAmt041247
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0LOAN DECREASE
IRS990/OtherRevenueMiscGrp/ExclusionAmt010979
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010979
IRS990/OtherRevenueTotalAmt010979
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0216038
IRS990/OtherSalariesAndWagesGrp/TotalAmt0216038
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt029919
IRS990/PayrollTaxesGrp/TotalAmt029919
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021554
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016758
IRS990/PrincipalOfficerNm0REV GERALD M DEW
IRS990/PriorPeriodAdjustmentsAmt0-33695
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01155038
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01155038
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0365
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01049181
IRS990/PYProgramServiceRevenueAmt01187772
IRS990/PYRevenuesLessExpensesAmt0-127869
IRS990/PYSalariesCompEmpBnftPaidAmt0266825
IRS990/PYTotalExpensesAmt01316006
IRS990/PYTotalRevenueAmt01188137
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-69852
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01155038
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0174877
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0190422
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01155038
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01187772
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01155465
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01181225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01104674
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05784174
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0166
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0365
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0328
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0159
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0284
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01302
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99980
IRS990ScheduleA/PublicSupportPY170Pct00.99970
IRS990ScheduleA/PublicSupportTotal170Amt05784174
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01155038
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01187772
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01155465
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01181225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01104674
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05784174
IRS990ScheduleA/TotalSupportAmt05785476
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01902586
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02177280
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04079866
IRS990ScheduleD/EquipmentGrp/BookValueAmt057001
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0315414
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0372415
IRS990ScheduleD/ExpensesSubtotalAmt01236035
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt099981
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt099981
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0720828
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0331778
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01052606
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018074
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112630
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210543
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01166183
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is tax exempt under Internal Revenue Code Section 501(c)(3), is classified as a public charity and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more than likely than not, based on technical merits, that the position will be sustained upon examination. As of May 31, 2016, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02780396
IRS990ScheduleD/TotalExpensesPerForm990Amt01236035
IRS990ScheduleD/TotalLiabilityAmt041247
IRS990ScheduleD/TotalRevenuePerForm990Amt01166183
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01166183
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01236035
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A property management company provides general management services for the building under the direction of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 copy is provided for review of Board and Officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEETING TOPICS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No officers or board members are compensated. All other personnel are employees of the professional management company. The management company compensation is determined via contract negotiation and it is approved by HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board reviews and approves management company's contract and management company's on-site employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5On hand upon request in management office
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BAD DEBT: Column (A) - Total = $9959; Column (B) - Program Services = $9959; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ELECTRICITY: Column (A) - Total = $20037; Column (B) - Program Services = $20037; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GARBAGE REMOVAL: Column (A) - Total = $14867; Column (B) - Program Services = $14867; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9GAS : Column (A) - Total = $17102; Column (B) - Program Services = $17102; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10mISCELLANEOUS ADMIN: Column (A) - Total = $25918; Column (B) - Program Services = $25918; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MISCELLANEOUS OPERATING: Column (A) - Total = $23528; Column (B) - Program Services = $23528; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12MORTGAGE INSURANCE PREMIUM: Column (A) - Total = $22466; Column (B) - Program Services = $22466; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13SEWER: Column (A) - Total = $12676; Column (B) - Program Services = $12676; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14SNOW REMOVAL: Column (A) - Total = $1927; Column (B) - Program Services = $1927; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15WATER: Column (A) - Total = $5551; Column (B) - Program Services = $5551; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16WORKERS' COMP: Column (A) - Total = $5046; Column (B) - Program Services = $5046; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e: Other Expenses
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03461148
IRS990/TotalAssetsEOYAmt03225526
IRS990/TotalAssetsGrp/BOYAmt03461148
IRS990/TotalAssetsGrp/EOYAmt03225526
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IRS990/TotalContributionsAmt00
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$3,225,526
Liabilities
$5,090,666
Net assets
-$1,865,140
Revenue
$1,166,183
Expenses
$1,236,035
Net income
-$69,852
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.21$4.49$2.29$1.33$1.33$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.28$4.57$2.29$1.28$1.29$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.37$4.65$2.28$1.25$1.36$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.57$4.74$2.17$1.30$1.40$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.77$4.84$2.07$1.21$1.33$0.12
2018Detailed filing. Detailed filing data is available for this year.$2.93$4.88$1.95$1.18$1.23$0.05
2017Detailed filing. Detailed filing data is available for this year.$3.06$4.96$1.90$1.20$1.23$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.23$5.09$1.87$1.17$1.24$0.07