Civic Intelligence

Bethel Pace Centre

990 • Fiscal year 2021 • EIN 36-3700890

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 06, 2023

Organization ProfileN/A
1140 N Lamon AveChicago, IL 60651

(773) 473-7870

Siviq Scores

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

Liabilities / Assets

96th percentile

1.30x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

3.57x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

20th percentile

-4.0%

Higher net margin than 20% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

17th percentile

-3.3%

Faster asset growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2021

Revenue Growth

40th percentile

4.5%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$1,198,250

Down $82,396 (-6.4%) from 2019

Net Assets

Down

-$360,727

Down $72,224 (-25%) from 2019

Liabilities

Down

$1,558,977

Down $10,172 (-0.6%) from 2019

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin20th percentile

Revenue

Up

$436,454

Up $37,125 (+9.3%) from 2019

Expenses

Up

$453,705

Up $9,551 (+2.2%) from 2019

Net Income

Up

-$17,251

Up $27,574 (+62%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2013: $1,487,552Liabilities 2013: $1,562,123Net Assets 2013: -$74,5712013Assets 2014: $1,460,331Liabilities 2014: $1,573,651Net Assets 2014: -$113,3202014Assets 2015: $1,466,874Liabilities 2015: $1,563,049Net Assets 2015: -$96,1752015Assets 2016: $1,430,930Liabilities 2016: $1,579,122Net Assets 2016: -$148,1922016Assets 2017: $1,410,557Liabilities 2017: $1,613,596Net Assets 2017: -$203,0392017Assets 2018: $1,323,626Liabilities 2018: $1,567,304Net Assets 2018: -$243,6782018Assets 2019: $1,280,646Liabilities 2019: $1,569,149Net Assets 2019: -$288,5032019Assets 2021: $1,198,250Liabilities 2021: $1,558,977Net Assets 2021: -$360,7272021Assets 2022: $1,182,928Liabilities 2022: $1,588,941Net Assets 2022: -$406,0132022Assets 2023: $1,169,704Liabilities 2023: $1,601,934Net Assets 2023: -$432,2302023Assets 2024: $1,110,924Liabilities 2024: $1,568,797Net Assets 2024: -$457,8732024Assets 2025: $1,110,282Liabilities 2025: $1,594,199Net Assets 2025: -$483,9172025

Highlighted filing

2021

Assets$1,198,250
Liabilities$1,558,977
Net Assets-$360,727
Open 2021 Filing

Operations Trend

Revenue Growth40th percentile

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

$600K$400K$200K$0-$200KExpenses 2013: $377,3862013Revenue 2014: $372,916Expenses 2014: $411,665Net Income 2014: -$38,7492014Revenue 2015: $432,946Expenses 2015: $415,801Net Income 2015: $17,1452015Revenue 2016: $368,392Expenses 2016: $420,409Net Income 2016: -$52,0172016Revenue 2017: $384,404Expenses 2017: $439,251Net Income 2017: -$54,8472017Revenue 2018: $360,570Expenses 2018: $401,209Net Income 2018: -$40,6392018Revenue 2019: $399,329Expenses 2019: $444,154Net Income 2019: -$44,8252019Revenue 2021: $436,454Expenses 2021: $453,705Net Income 2021: -$17,2512021Revenue 2022: $447,598Expenses 2022: $492,884Net Income 2022: -$45,2862022Revenue 2023: $456,523Expenses 2023: $482,740Net Income 2023: -$26,2172023Revenue 2024: $484,502Expenses 2024: $510,145Net Income 2024: -$25,6432024Revenue 2025: $477,402Expenses 2025: $503,446Net Income 2025: -$26,0442025

Highlighted filing

2021

Revenue$436,454
Expenses$453,705
Net Income-$17,251
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 6, 2023
Return Version
2020v4.2
Gross Receipts
$436,454
Mission and Program Overview

Mission

The organization owns and operates a 22 unit facility for the elderly and disabled pursuant to section 202 of the national housing act.

LOW INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$822,552$786,183▼ $36,369
Prepaid Expenses and Deferred Charges$7,247$14,964▲ $7,717
Cash and Non-Interest-Bearing Accounts$4,371$3,158▼ $1,213
Accounts Receivable$706$92▼ $614
Total Assets$1,212,696$1,198,250▼ $14,446
Other Assets Total$377,820$393,853▲ $16,033
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,538,300$1,538,300→ $0
Accounts Payable and Accrued Expenses$9,614$12,016▲ $2,402
Other Liabilities$8,258$8,661▲ $403
Total Liabilities$1,556,172$1,558,977▲ $2,805
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-343,476$-360,727▼ $17,251
Total Net Assets Fund Balance$-343,476$-360,727▼ $17,251
Total Liabilities and Net Assets / Fund Balance$1,212,696$1,198,250▼ $14,446

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$498,169$1,054,567$1,552,736
Leasehold Improvements$227,071$550,477$777,548
Other Land Buildings$35,943$195,089$231,032
Land$25,000-$25,000
Equipment$0$13,903$13,903
Other Assets Org$3,064--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Andrew CurtisChairman
Sharif WalkerPresident / CEO
Vauna HernandezVice-chair
Alberta LudingtonDirector
Deborah WilliamsDirector
Dinah HuffDirector
Frank BassDirector
Sherman HicksDirector
Lolita SlaughterFinance Director
Jeremy EdelsonSecretary
Mahomed OuedragoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$436,325
Investment Income
$99
Other Revenue
$30
Change in Net Assets
$-17,251

Audited Revenue Reconciliation

Revenue per Audited Statements
$436,454
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$436,454
Total Revenue per Form 990
$436,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$316,566
Salaries, Compensation, and Employee Benefits$137,139
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$111,745--$111,745
Depreciation Depletion$77,429--$77,429
Insurance$17,631--$17,631
Fees for Services Management$17,490--$17,490
Other Employee Benefits-$15,983-$15,983
Office Expenses$14,716--$14,716
Fees for Services Other-$11,850-$11,850
Other Expenses$21,716$9,794-$9,794
Payroll Taxes-$9,411-$9,411
All Other Expenses-$6,862-$6,862
Fees for Services Accounting-$2,640-$2,640
Total Functional Expenses$392,295$61,410$0$453,705

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$453,705
Total Expenses per Audited Statements$453,705
Total Expenses per Form 990$453,705
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$5,321
Accrued Property Management Fees$1,500
Prepaid Rent$1,179
Miscellaneous Liabilities$661
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The corporation has contracted with a management agent, evergreen real estate services, llc, pursuant to a management agreement approved by hud. Under the management agreement, for the years ended june 30, 2021 and 2020, management fees were $17,490 and $17,195, respectively. Effective september 1, 2018, management fees are based on 4.00 percent of monthly rental collections with no cap. As of june 30, 2021 and 2020, property management fees payable were $1,500 and $1,451, respectively.”

Form 990, Part VI, Section B, Line 11B

“The board retains the services of an independent cpa firm to prepare the organization's form 990. The form 990 is reviewed by the finance committee after it is filed. The finance committee serves as audit committee and has been designated authority to approve audits and tax returns. The board treasurer or chair signs the form. Copies will then be provided to all members of the board.”

Form 990, Part VI, Section B, Line 12C

“The policy is reviewed and updated annually during a board meeting. Compliance is monitored and enforced regularly.”

Form 990, Part VI, Section C, Line 19

“The organization provides documents to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Bethel Pace Centre
EIN
36-3700890
Phone
7734737870
Address
1140 N LAMON AVE, CHICAGO, IL 60651

Signing Officer

Name
Sharif Walker
Title
President & CEO
Phone
7734737870
Signed
2023-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharif Walker
Formed
1992
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Cohnreznick Llp
Address
1 SOUTH WACKER DRIVE SUITE 3550, CHICAGO, IL 60606
Preparer
Nathaniel R Adams
Phone
3125085900
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the corporation and recognize a tax liability if the corporation has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. Management has analyzed the tax positions taken by the corporation and has concluded that, as of june 30, 2021 and 2020, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.”

Raw XML AppendixShowing 400 of 533 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/OtherExpensesGrp/Desc0SECURITY SERVICES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04870
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19794
IRS990/OtherExpensesGrp/ProgramServicesAmt099185
IRS990/OtherExpensesGrp/ProgramServicesAmt132383
IRS990/OtherExpensesGrp/ProgramServicesAmt221716
IRS990/OtherExpensesGrp/TotalAmt099185
IRS990/OtherExpensesGrp/TotalAmt132383
IRS990/OtherExpensesGrp/TotalAmt226586
IRS990/OtherExpensesGrp/TotalAmt39794
IRS990/OtherLiabilitiesGrp/BOYAmt08258
IRS990/OtherLiabilitiesGrp/EOYAmt08661
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0DAMAGES INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt030
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt030
IRS990/OtherRevenueTotalAmt030
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0111745
IRS990/OtherSalariesAndWagesGrp/TotalAmt0111745
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09411
IRS990/PayrollTaxesGrp/TotalAmt09411
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07247
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014964
IRS990/PrincipalOfficerNm0SHARIF WALKER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0367705
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt167965
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2655
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0367705
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt167965
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2655
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0774
IRS990/PYOtherExpensesAmt0344444
IRS990/PYOtherRevenueAmt0397
IRS990/PYProgramServiceRevenueAmt0425280
IRS990/PYRevenuesLessExpensesAmt0-54973
IRS990/PYSalariesCompEmpBnftPaidAmt0136980
IRS990/PYTotalExpensesAmt0481424
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0426451
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-17251
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0436325
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt099
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0774
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0656
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0124
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02669
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0436325
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0425280
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0398313
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0359914
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0384280
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02004112
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt099
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0774
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0656
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02669
IRS990ScheduleA/InvestmentIncomeCYPct00.00130
IRS990ScheduleA/InvestmentIncomePYPct00.00140
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99870
IRS990ScheduleA/PublicSupportPY509Pct00.99860
IRS990ScheduleA/PublicSupportTotal509Amt02004112
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0436325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0425280
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0398313
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0359914
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0384280
IRS990ScheduleA/Total509Grp/TotalAmt02004112
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0436424
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0426054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0399329
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0360570
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0384404
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02006781
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0498169
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01054567
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01552736
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013903
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013903
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0453705
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt025000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0227071
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0550477
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0777548
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05901
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1378737
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26151
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt33064
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt035943
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0195089
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0231032
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05321
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2661
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31179
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PROPERTY MANAGEMENT FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MISCELLANEOUS LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PREPAID RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0436454
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CORPORATION AND RECOGNIZE A TAX LIABILITY IF THE CORPORATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2021 AND 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0786183
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0393853
IRS990ScheduleD/TotalExpensesPerForm990Amt0453705
IRS990ScheduleD/TotalLiabilityAmt08661
IRS990ScheduleD/TotalRevenuePerForm990Amt0436454
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0436454
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0453705
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS CONTRACTED WITH A MANAGEMENT AGENT, EVERGREEN REAL ESTATE SERVICES, LLC, PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. UNDER THE MANAGEMENT AGREEMENT, FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, MANAGEMENT FEES WERE $17,490 AND $17,195, RESPECTIVELY. EFFECTIVE SEPTEMBER 1, 2018, MANAGEMENT FEES ARE BASED ON 4.00 PERCENT OF MONTHLY RENTAL COLLECTIONS WITH NO CAP. AS OF JUNE 30, 2021 AND 2020, PROPERTY MANAGEMENT FEES PAYABLE WERE $1,500 AND $1,451, RESPECTIVELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AFTER IT IS FILED. THE FINANCE COMMITTEE SERVES AS AUDIT COMMITTEE AND HAS BEEN DESIGNATED AUTHORITY TO APPROVE AUDITS AND TAX RETURNS. THE BOARD TREASURER OR CHAIR SIGNS THE FORM. COPIES WILL THEN BE PROVIDED TO ALL MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICY IS REVIEWED AND UPDATED ANNUALLY DURING A BOARD MEETING. COMPLIANCE IS MONITORED AND ENFORCED REGULARLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION PROVIDES DOCUMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,198,250
Liabilities
$1,558,977
Net assets
-$360,727
Revenue
$436,454
Expenses
$453,705
Net income
-$17,251
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.11$1.59$0.48$0.48$0.50$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.11$1.57$0.46$0.48$0.51$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$1.60$0.43$0.46$0.48$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$1.59$0.41$0.45$0.49$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.20$1.56$0.36$0.44$0.45$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$1.57$0.29$0.40$0.44$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$1.57$0.24$0.36$0.40$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.41$1.61$0.20$0.38$0.44$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.43$1.58$0.15$0.37$0.42$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.47$1.56$0.10$0.43$0.42$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.46$1.57$0.11$0.37$0.41$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$1.56$0.07$0.38