Civic Intelligence

Paradise Haven Homes Ltd.

990 • Fiscal year 2022 • EIN 36-3621928

Aug 01, 2021 to Jul 31, 2022 • Filed on Nov 14, 2022

Organization ProfileN/A
8201 W 183rd Street - Suite KTinley Park, IL 60487

(708) 444-4942

Siviq Scores

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

Liabilities / Assets

54th percentile

0.08x

Higher debt load relative to assets than 54% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

59th percentile

0.14x

Higher debt load relative to revenue than 59% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

21st percentile

-10%

Higher net margin than 21% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

41st percentile

-1.5%

Faster asset growth than 41% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

4.6%

Faster revenue growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$1,571,839

Down $24,557 (-1.5%) from 2021

Net Assets

Down

$1,442,376

Down $94,870 (-6.2%) from 2021

Liabilities

Up

$129,463

Up $70,313 (+119%) from 2021

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin21st percentile

Revenue

Up

$944,528

Up $41,124 (+4.6%) from 2021

Expenses

Up

$1,039,398

Up $168,781 (+19%) from 2021

Net Income

Down

-$94,870

Down $127,657 (-389%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $1,875,674Liabilities 2016: $94,941Net Assets 2016: $1,780,7332016Assets 2017: $1,766,995Liabilities 2017: $75,047Net Assets 2017: $1,691,9482017Assets 2018: $1,694,506Liabilities 2018: $75,769Net Assets 2018: $1,618,7372018Assets 2020: $1,581,045Liabilities 2020: $76,586Net Assets 2020: $1,504,4592020Assets 2021: $1,596,396Liabilities 2021: $59,150Net Assets 2021: $1,537,2462021Assets 2022: $1,571,839Liabilities 2022: $129,463Net Assets 2022: $1,442,3762022Assets 2023: $1,504,159Liabilities 2023: $306,147Net Assets 2023: $1,198,0122023

Highlighted filing

2022

Assets$1,571,839
Liabilities$129,463
Net Assets$1,442,376
Open 2022 Filing

Operations Trend

Revenue Growth48th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $791,288Expenses 2016: $836,886Net Income 2016: -$45,5982016Revenue 2017: $772,817Expenses 2017: $861,602Net Income 2017: -$88,7852017Revenue 2018: $814,827Expenses 2018: $888,038Net Income 2018: -$73,2112018Revenue 2020: $872,554Expenses 2020: $956,283Net Income 2020: -$83,7292020Revenue 2021: $903,404Expenses 2021: $870,617Net Income 2021: $32,7872021Revenue 2022: $944,528Expenses 2022: $1,039,398Net Income 2022: -$94,8702022Revenue 2023: $895,011Expenses 2023: $1,139,375Net Income 2023: -$244,3642023

Highlighted filing

2022

Revenue$944,528
Expenses$1,039,398
Net Income-$94,870
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Nov 14, 2022
Return Version
2021v4.1
Gross Receipts
$944,528
Mission and Program Overview

Mission

Provision of affordable housing for eligible low-income tenants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,141,325$1,057,164▼ $84,161
Savings and Temporary Cash Investments$338,262$405,057▲ $66,795
Accounts Receivable$16,496$53,519▲ $37,023
Cash and Non-Interest-Bearing Accounts$93,129$48,672▼ $44,457
Prepaid Expenses and Deferred Charges$7,184$7,427▲ $243
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,596,396$1,571,839▼ $24,557
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$45,091$92,915▲ $47,824
Deferred Revenue$5,094$27,550▲ $22,456
Other Liabilities$8,965$8,998▲ $33
Total Liabilities$59,150$129,463▲ $70,313
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,537,246$1,442,376▼ $94,870
Total Net Assets Fund Balance$1,537,246$1,442,376▼ $94,870
Total Liabilities and Net Assets / Fund Balance$1,596,396$1,571,839▼ $24,557

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$993,808$2,946,738$3,940,546
Land$63,356-$63,356
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
John E TaylorPresident
James H IrwinVice President
Amelia DawkinsDirector
Eddie JohnsonDirector
Edward ShepherdDirector
Jesse BurnsDirector
Mamie PaceDirector
Antonio L WatsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$944,504
Investment Income
$24
Other Revenue
$0
Change in Net Assets
$-94,870

Audited Revenue Reconciliation

Revenue per Audited Statements
$944,528
Total Revenue per Audited Statements
$944,528
Total Revenue per Form 990
$944,528
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$824,419
Salaries, Compensation, and Employee Benefits$214,979
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$179,036--$179,036
Other Salaries and Wages$141,414--$141,414
Depreciation Depletion$103,085--$103,085
Office Expenses$70,372--$70,372
Other Expenses$52,995--$52,995
Insurance$41,385--$41,385
Other Employee Benefits$41,169--$41,169
Fees for Services Management$35,040--$35,040
Payroll Taxes$32,396--$32,396
Fees for Services Accounting$16,924--$16,924
Conferences and Meetings$4,976--$4,976
Fees for Services Legal$4,810--$4,810
Total Functional Expenses$1,039,398$0$0$1,039,398

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,039,398
Total Expenses per Audited Statements$1,039,398
Total Expenses per Form 990$1,039,398
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
Tenant Security Deposits$8,998
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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 management company is engaged to manage day to day operations of rental activity.”

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

“A draft return is reviewed by the organization's officers prior to filing”

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

“Management company monitors compliance as part of the management agreement.”

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

“Organization consistently reviews and monitors compensation package against current market rates.”

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

“All information is available upon request at the organization's office during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Paradise Haven Homes Ltd
EIN
36-3621928
Phone
7084444942
Address
8201 W 183RD STREET - SUITE K, TINLEY PARK, IL 60487

Signing Officer

Name
John E Taylor
Title
President
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John E Taylor
Formed
1993
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Wieland & Company Inc
Address
232 S Batavia Avenue, Batavia, IL 60510
Preparer
Paul H Wieland CPA
Phone
6304064490
Supplemental Narrative

Additional Explanations

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

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

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

“BAD DEBTS (RECOVERIES): Column (A) - Total = $16300; Column (B) - Program Services = $16300; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

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

“CONTRACTS: Column (A) - Total = $33926; Column (B) - Program Services = $33926; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

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

“GARBAGE REMOVAL: Column (A) - Total = $32923; Column (B) - Program Services = $32923; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

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

“HEATING/COOLING REPAIRS & MAIN: Column (A) - Total = $36255; Column (B) - Program Services = $36255; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

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

“MISC. OPERATING & MAINTENANCE: Column (A) - Total = $440; Column (B) - Program Services = $440; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

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

“MISC. TAXES: Column (A) - Total = $10812; Column (B) - Program Services = $10812; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

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

“RENT FREE UNIT: Column (A) - Total = $21780; Column (B) - Program Services = $21780; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

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

“SNOW REMOVAL: Column (A) - Total = $26600; Column (B) - Program Services = $26600; 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 July 31, 2021, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01442376
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt070372
IRS990/OfficeExpensesGrp/TotalAmt070372
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt041169
IRS990/OtherEmployeeBenefitsGrp/TotalAmt041169
IRS990/OtherExpensesGrp/Desc0SECURITY PAYROLL
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0157078
IRS990/OtherExpensesGrp/ProgramServicesAmt189847
IRS990/OtherExpensesGrp/ProgramServicesAmt268871
IRS990/OtherExpensesGrp/ProgramServicesAmt352995
IRS990/OtherExpensesGrp/TotalAmt0157078
IRS990/OtherExpensesGrp/TotalAmt189847
IRS990/OtherExpensesGrp/TotalAmt268871
IRS990/OtherExpensesGrp/TotalAmt352995
IRS990/OtherLiabilitiesGrp/BOYAmt08965
IRS990/OtherLiabilitiesGrp/EOYAmt08998
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0141414
IRS990/OtherSalariesAndWagesGrp/TotalAmt0141414
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt032396
IRS990/PayrollTaxesGrp/TotalAmt032396
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07184
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07427
IRS990/PrincipalOfficerNm0JOHN E TAYLOR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc3TENANT ASSISTANCE PMTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt099122
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11451
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25425
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3838506
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt099122
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11451
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25425
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3838506
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt028
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0658658
IRS990/PYProgramServiceRevenueAmt0903376
IRS990/PYRevenuesLessExpensesAmt032787
IRS990/PYSalariesCompEmpBnftPaidAmt0211959
IRS990/PYTotalExpensesAmt0870617
IRS990/PYTotalRevenueAmt0903404
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-94870
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0944504
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0338262
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0405057
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt024
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt028
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt041
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt099
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0102
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0294
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0944504
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0903376
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0872513
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0889026
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0814725
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04424144
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt024
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt028
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt099
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0102
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0294
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt04424144
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0944504
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0903376
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0872513
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0889026
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0814725
IRS990ScheduleA/Total509Grp/TotalAmt04424144
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0944528
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0903404
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0872554
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0889125
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0814827
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04424438
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0993808
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02946738
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03940546
IRS990ScheduleD/ExpensesSubtotalAmt01039398
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt063356
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt063356
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08998
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0944528
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 July 31, 2021, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01057164
IRS990ScheduleD/TotalExpensesPerForm990Amt01039398
IRS990ScheduleD/TotalLiabilityAmt08998
IRS990ScheduleD/TotalRevenuePerForm990Amt0944528
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0944528
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01039398
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A MANAGEMENT COMPANY IS ENGAGED TO MANAGE DAY TO DAY OPERATIONS OF RENTAL ACTIVITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT RETURN IS REVIEWED BY THE ORGANIZATION'S OFFICERS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT COMPANY MONITORS COMPLIANCE AS PART OF THE MANAGEMENT AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION CONSISTENTLY REVIEWS AND MONITORS COMPENSATION PACKAGE AGAINST CURRENT MARKET RATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL INFORMATION IS AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BAD DEBTS (RECOVERIES): Column (A) - Total = $16300; Column (B) - Program Services = $16300; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONTRACTS: Column (A) - Total = $33926; Column (B) - Program Services = $33926; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GARBAGE REMOVAL: Column (A) - Total = $32923; Column (B) - Program Services = $32923; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9HEATING/COOLING REPAIRS & MAIN: Column (A) - Total = $36255; Column (B) - Program Services = $36255; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MISC. OPERATING & MAINTENANCE: Column (A) - Total = $440; Column (B) - Program Services = $440; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MISC. TAXES: Column (A) - Total = $10812; Column (B) - Program Services = $10812; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12RENT FREE UNIT: Column (A) - Total = $21780; Column (B) - Program Services = $21780; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13SNOW REMOVAL: Column (A) - Total = $26600; Column (B) - Program Services = $26600; 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 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,571,839
Liabilities
$129,463
Net assets
$1,442,376
Revenue
$944,528
Expenses
$1,039,398
Net income
-$94,870
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.50$0.31$1.20$0.90$1.14$0.24
2022Detailed filing. Detailed filing data is available for this year.$1.57$0.13$1.44$0.94$1.04$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.60$0.06$1.54$0.90$0.87$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.58$0.08$1.50$0.87$0.96$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.69$0.08$1.62$0.81$0.89$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.77$0.08$1.69$0.77$0.86$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.88$0.09$1.78$0.79$0.84$0.05