Civic Intelligence

Northwest Towers Residents Assoc

990 • Fiscal year 2018 • EIN 36-3907906

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 05, 2019

1170 W Erie StChicago, IL 60622

(312) 633-9057

Siviq Scores

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

Liabilities / Assets

85th percentile

0.77x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

8.37x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

9th percentile

-26%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

98th percentile

129%

Faster asset growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

35th percentile

-0.2%

Faster revenue growth than 35% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$16,563,753

Up $9,329,202 (+129%) from 2017

Net Assets

Down

$3,790,214

Down $397,339 (-9.5%) from 2017

Liabilities

Up

$12,773,539

Up $9,726,541 (+319%) from 2017

Revenue

Down

$1,526,725

Down $3,425 (-0.2%) from 2017

Expenses

Up

$1,924,064

Up $288,289 (+18%) from 2017

Net Income

Down

-$397,339

Down $291,714 (-276%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2012: $7,069,796Liabilities 2012: $2,872,008Net Assets 2012: $4,197,7882012Assets 2013: $7,146,291Liabilities 2013: $2,882,771Net Assets 2013: $4,263,5202013Assets 2014: $7,158,035Liabilities 2014: $2,887,358Net Assets 2014: $4,270,6772014Assets 2015: $7,436,261Liabilities 2015: $3,116,573Net Assets 2015: $4,319,6882015Assets 2016: $7,373,756Liabilities 2016: $3,080,578Net Assets 2016: $4,293,1782016Assets 2017: $7,234,551Liabilities 2017: $3,046,998Net Assets 2017: $4,187,5532017Assets 2018: $16,563,753Liabilities 2018: $12,773,539Net Assets 2018: $3,790,2142018Assets 2019: $22,373,849Liabilities 2019: $19,328,645Net Assets 2019: $3,045,2042019Assets 2020: $21,819,405Liabilities 2020: $19,253,149Net Assets 2020: $2,566,2562020Assets 2021: $20,352,281Liabilities 2021: $18,304,447Net Assets 2021: $2,047,8342021Assets 2022: $19,386,171Liabilities 2022: $18,263,817Net Assets 2022: $1,122,3542022Assets 2023: $18,533,198Liabilities 2023: $18,068,303Net Assets 2023: $464,8952023Assets 2024: $17,768,304Liabilities 2024: $17,786,403Net Assets 2024: -$18,0992024

Highlighted filing

2018

Assets$16,563,753
Liabilities$12,773,539
Net Assets$3,790,214

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2012: $1,579,3752012Revenue 2013: $1,642,023Expenses 2013: $1,576,291Net Income 2013: $65,7322013Revenue 2014: $1,671,097Expenses 2014: $1,663,940Net Income 2014: $7,1572014Revenue 2015: $1,578,438Expenses 2015: $1,529,427Net Income 2015: $49,0112015Revenue 2016: $1,526,913Expenses 2016: $1,553,423Net Income 2016: -$26,5102016Revenue 2017: $1,530,150Expenses 2017: $1,635,775Net Income 2017: -$105,6252017Revenue 2018: $1,526,725Expenses 2018: $1,924,064Net Income 2018: -$397,3392018Revenue 2019: $1,637,490Expenses 2019: $2,382,500Net Income 2019: -$745,0102019Revenue 2020: $2,539,330Expenses 2020: $3,018,278Net Income 2020: -$478,9482020Revenue 2021: $2,683,413Expenses 2021: $3,201,835Net Income 2021: -$518,4222021Revenue 2022: $2,495,637Expenses 2022: $3,421,117Net Income 2022: -$925,4802022Revenue 2023: $2,679,474Expenses 2023: $3,336,933Net Income 2023: -$657,4592023Revenue 2024: $2,825,273Expenses 2024: $3,308,267Net Income 2024: -$482,9942024

Highlighted filing

2018

Revenue$1,526,725
Expenses$1,924,064
Net Income-$397,339
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$1,526,725
Mission and Program Overview

Mission

Operation of a hud property for low to moderate income individuals and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,798,874$14,363,036▲ $8,564,162
Intangible Assets-$458,128-
Cash and Non-Interest-Bearing Accounts$355,295$186,404▼ $168,891
Prepaid Expenses and Deferred Charges$152,029$39,168▼ $112,861
Accounts Receivable$31,454$15,318▼ $16,136
Total Assets$7,234,551$16,563,753▲ $9,329,202
Other Assets Total$896,899$1,501,699▲ $604,800
Liabilities
Mortgage Notes Payable Secured by Investment Property-$7,434,138-
Other Liabilities$2,682,577$2,681,817▼ $760
Accounts Payable and Accrued Expenses$362,441$2,654,680▲ $2,292,239
Deferred Revenue$1,980$2,904▲ $924
Total Liabilities$3,046,998$12,773,539▲ $9,726,541
Net Assets / Fund Balance
Unrestricted Net Assets$4,187,553$3,790,214▼ $397,339
Total Net Assets Fund Balance$4,187,553$3,790,214▼ $397,339
Total Liabilities and Net Assets / Fund Balance$7,234,551$16,563,753▲ $9,329,202

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,796,289$4,690,746$14,487,035
Other Land Buildings$3,665,610-$3,665,610
Equipment$431,137$92,029$523,166
Land$470,000-$470,000
Other Assets Org$37,838--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Faye JenkinsPresident
Antoinet LakeDirector
Christine DeloneyDirector
Claudette BeaumontDirector
Delano LucasDirector
Mary Ann DickensDirector
Patricia YoungDirector
Candace RossASS'T SECRET
Connie WilkinsParliamentar
Rochelle HeardSargeant at
Lolita DavisSecretary
Maxine RollinsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Law Dog Security & InvestigationsSecurity3055 W 111TH STREET, SUITE 4N, Chicago, IL 60655-2251$151,207
Prairie Management & DevelopmentManagement333 N MICHIGAN AVE, SUITE 1700, Chicago, IL 60601$136,192
Revenue and Support

Revenue Composition

Contributions and Grants
$942,228
Program Service Revenue
$578,974
Investment Income
$5,523
Other Revenue
$0
Change in Net Assets
$-397,339

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,526,725
Total Revenue per Audited Statements
$1,526,725
Total Revenue per Form 990
$1,526,725
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,525,543
Salaries, Compensation, and Employee Benefits$398,521
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$284,397--$284,397
Depreciation Depletion$262,317--$262,317
Other Expenses$146,677--$146,677
All Other Expenses$145,234--$145,234
Fees for Services Management-$103,792-$103,792
Other Employee Benefits$90,357--$90,357
Insurance$54,902--$54,902
Fees for Services Accounting-$47,600-$47,600
Office Expenses$24,228--$24,228
Payroll Taxes$23,767--$23,767
Fees for Services Other$8,544--$8,544
Interest$8,419--$8,419
Fees for Services Legal$4,634--$4,634
Advertising$3,253--$3,253
Total Functional Expenses$1,772,672$151,392$0$1,924,064

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,924,064
Total Expenses per Audited Statements$1,924,064
Total Expenses per Form 990$1,924,064
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
Recapturable Capital Grant$2,647,821
Security Deposits$33,996
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 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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Day to day property management of hud property. Governing body meets on a monthly basis to review transactions and financial statements.

Form 990, Page 6, Part VI, Line 7A

The board of directors is elected by the members of the residents' association

Form 990, Page 6, Part VI, Line 7B

Actions ratified by members of association at annual meeting. Board of director meetings open to residents.

Form 990, Page 6, Part VI, Line 11B

General manager of management company brings the form 990 to a monthly meeting for review, or to key directors/officers for review.

Form 990, Page 6, Part VI, Line 12C

Discussed at monthly meeting if applicable.

Form 990, Page 6, Part VI, Line 15A

There is no compensation for individuals, but compensation for the management company is reviewed and approved by the board of directors.

Form 990, Page 6, Part VI, Line 15B

Board of directors reviews management agreement between organization and managing agent.

Form 990, Page 6, Part VI, Line 19

On request-available from managing agent. 990 is available on guidestar, and can be made available on request from management company.

Filing and Contact Details

Filer

Filer Name
Northwest Towers Residents
EIN
36-3907906
Phone
3126339057
Address
1170 W ERIE ST, CHICAGO, IL 60622

Signing Officer

Name
Faye Jenkins
Title
President
Phone
3126339057
Signed
2019-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Faye Jenkins
Formed
1996
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
6
Volunteers
12

Preparer

Firm
Arthur S Gunn Ltd
Address
900 SKOKIE BLVD STE 207, NORTHBROOK, IL 60062-4031
Preparer
Arthur S Gunn CPA
Phone
8476071040
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers consist of board members for the organization

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income taxes under sections 501(c) (3) of the internal revenue code, except on net income derived from unrelated business activities. The organization had no unrelated business income for the year ended december 31, 2018. The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization's federal exempt organization returns for the years ending december 31, 2015, 2016 and 2017 are subject to examination by the irs, generally for three years after they were filed. The organization has not been notified of any pending federal or state examination, and therefore, all tax for any years prior to january 1, 2015, and those years are considered closed. The tax return for the year december 31, 2018 had not been filed as of the date of the audit report and was extended.

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IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04782775
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05798874
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014363036
IRS990/LandBldgEquipCostOrOtherBssAmt019145811
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0OPERATION OF A HUD PROPERTY FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07434138
IRS990/NetAssetsOrFundBalancesBOYAmt04187553
IRS990/NetAssetsOrFundBalancesEOYAmt03790214
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt024228
IRS990/OfficeExpensesGrp/TotalAmt024228
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0896899
IRS990/OtherAssetsTotalGrp/EOYAmt01501699
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt090357
IRS990/OtherEmployeeBenefitsGrp/TotalAmt090357
IRS990/OtherExpensesGrp/Desc0PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2SECURITY
IRS990/OtherExpensesGrp/Desc3CONTRACTS
IRS990/OtherExpensesGrp/ProgramServicesAmt0278117
IRS990/OtherExpensesGrp/ProgramServicesAmt1235597
IRS990/OtherExpensesGrp/ProgramServicesAmt2202229
IRS990/OtherExpensesGrp/ProgramServicesAmt3146677
IRS990/OtherExpensesGrp/TotalAmt0278117
IRS990/OtherExpensesGrp/TotalAmt1235597
IRS990/OtherExpensesGrp/TotalAmt2202229
IRS990/OtherExpensesGrp/TotalAmt3146677
IRS990/OtherLiabilitiesGrp/BOYAmt02682577
IRS990/OtherLiabilitiesGrp/EOYAmt02681817
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0284397
IRS990/OtherSalariesAndWagesGrp/TotalAmt0284397
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt023767
IRS990/PayrollTaxesGrp/TotalAmt023767
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0152029
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt039168
IRS990/PrincipalOfficerNm0FAYE JENKINS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENTS RENTS, NET
IRS990/ProgramServiceRevenueGrp/Desc1OTHER
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/Desc3STORES/COMM
IRS990/ProgramServiceRevenueGrp/Desc4RESIDENT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0525540
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt133025
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt213455
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt42154
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0525540
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt133025
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213455
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42154
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0999443
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01722
IRS990/PYOtherExpensesAmt01256099
IRS990/PYProgramServiceRevenueAmt0528985
IRS990/PYRevenuesLessExpensesAmt0-105625
IRS990/PYSalariesCompEmpBnftPaidAmt0379676
IRS990/PYTotalExpensesAmt01635775
IRS990/PYTotalRevenueAmt01530150
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-397339
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0584497
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0942228
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0999443
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0984055
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01026190
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01017893
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04969809
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05523
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01722
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01382
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01271
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01016
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010914
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0578974
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0528905
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0541476
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0550977
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0652188
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02852520
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05523
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01722
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01382
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01271
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt010914
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99860
IRS990ScheduleA/PublicSupportPY509Pct00.99920
IRS990ScheduleA/PublicSupportTotal509Amt07822329
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01521202
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01528348
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01525531
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01577167
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01670081
IRS990ScheduleA/Total509Grp/TotalAmt07822329
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01526725
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01530070
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01526913
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01578438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01671097
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07833243
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt09796289
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04690746
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014487035
IRS990ScheduleD/EquipmentGrp/BookValueAmt0431137
IRS990ScheduleD/EquipmentGrp/DepreciationAmt092029
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0523166
IRS990ScheduleD/ExpensesSubtotalAmt01924064
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0470000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0470000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0518821
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1479784
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2320422
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3144834
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt437838
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2WORKING CAPITAL ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW ACCOUNTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03665610
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03665610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02647821
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt133996
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RECAPTURABLE CAPITAL GRANT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01526725
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTIONS 501(C) (3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2018. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION RETURNS FOR THE YEARS ENDING DECEMBER 31, 2015, 2016 AND 2017 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE ORGANIZATION HAS NOT BEEN NOTIFIED OF ANY PENDING FEDERAL OR STATE EXAMINATION, AND THEREFORE, ALL TAX FOR ANY YEARS PRIOR TO JANUARY 1, 2015, AND THOSE YEARS ARE CONSIDERED CLOSED. THE TAX RETURN FOR THE YEAR DECEMBER 31, 2018 HAD NOT BEEN FILED AS OF THE DATE OF THE AUDIT REPORT AND WAS EXTENDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014363036
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01501699
IRS990ScheduleD/TotalExpensesPerForm990Amt01924064
IRS990ScheduleD/TotalLiabilityAmt02681817
IRS990ScheduleD/TotalRevenuePerForm990Amt01526725
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01526725
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01924064
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS CONSIST OF BOARD MEMBERS FOR THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DAY TO DAY PROPERTY MANAGEMENT OF HUD PROPERTY. GOVERNING BODY MEETS ON A MONTHLY BASIS TO REVIEW TRANSACTIONS AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS OF THE RESIDENTS' ASSOCIATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACTIONS RATIFIED BY MEMBERS OF ASSOCIATION AT ANNUAL MEETING. BOARD OF DIRECTOR MEETINGS OPEN TO RESIDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GENERAL MANAGER OF MANAGEMENT COMPANY BRINGS THE FORM 990 TO A MONTHLY MEETING FOR REVIEW, OR TO KEY DIRECTORS/OFFICERS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DISCUSSED AT MONTHLY MEETING IF APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE IS NO COMPENSATION FOR INDIVIDUALS, BUT COMPENSATION FOR THE MANAGEMENT COMPANY IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOARD OF DIRECTORS REVIEWS MANAGEMENT AGREEMENT BETWEEN ORGANIZATION AND MANAGING AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ON REQUEST-AVAILABLE FROM MANAGING AGENT. 990 IS AVAILABLE ON GUIDESTAR, AND CAN BE MADE AVAILABLE ON REQUEST FROM MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$17.8$0.02$2.83$3.31$0.48
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.5$18.1$0.46$2.68$3.34$0.66
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.4$18.3$1.12$2.50$3.42$0.93
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.4$18.3$2.05$2.68$3.20$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.8$19.3$2.57$2.54$3.02$0.48
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.4$19.3$3.05$1.64$2.38$0.75
2018Detailed filing. Detailed filing data is available for this year.$16.6$12.8$3.79$1.53$1.92$0.40
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.23$3.05$4.19$1.53$1.64$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.37$3.08$4.29$1.53$1.55$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.44$3.12$4.32$1.58$1.53$0.05
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.16$2.89$4.27$1.67$1.66$0.01
2013Detailed filing. Detailed filing data is available for this year.$7.15$2.88$4.26$1.64$1.58$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.07$2.87$4.20$1.58