Civic Intelligence

Gideon Court Resident Council

EIN 36-4163743 • 501(c)3 • Chicago, IL

Profile

To provide affordable housing for the benefit of low to moderate income individuals through the operation of gideon court apartments, a 150-unit hud assisted project in dekalb, illinois.

C/O Lmci 5618 N Milwaukee AvenueChicago, IL 60646

n/a

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.96x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

4.09x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

33rd percentile

-0.8%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

22nd percentile

-3.2%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

6.4%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$10,392,004

Down $344,907 (-3.2%) from 2023

Liabilities

Down

$9,955,254

Down $325,093 (-3.2%) from 2023

Net Assets

Down

$436,750

Down $19,814 (-4.3%) from 2023

Revenue

Up

$2,431,367

Up $146,417 (+6.4%) from 2023

Expenses

Up

$2,451,181

Up $305,887 (+14%) from 2023

Net Income

Down

-$19,814

Down $159,470 (-114%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2017: $7,530,158Liabilities 2017: $7,595,762Net Assets 2017: -$65,6042017Assets 2018: $7,360,420Liabilities 2018: $7,441,455Net Assets 2018: -$81,0352018Assets 2019: $7,300,410Liabilities 2019: $7,304,508Net Assets 2019: -$4,0982019Assets 2020: $7,497,792Liabilities 2020: $7,269,747Net Assets 2020: $228,0452020Assets 2021: $10,938,243Liabilities 2021: $10,825,331Net Assets 2021: $112,9122021Assets 2022: $10,841,048Liabilities 2022: $10,524,140Net Assets 2022: $316,9082022Assets 2023: $10,736,911Liabilities 2023: $10,280,347Net Assets 2023: $456,5642023Assets 2024: $10,392,004Liabilities 2024: $9,955,254Net Assets 2024: $436,7502024

Highlighted filing

2024

Assets$10,392,004
Liabilities$9,955,254
Net Assets$436,750

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $1,996,708Expenses 2017: $1,990,132Net Income 2017: $6,5762017Revenue 2018: $2,041,648Expenses 2018: $2,057,079Net Income 2018: -$15,4312018Revenue 2019: $2,068,471Expenses 2019: $1,991,534Net Income 2019: $76,9372019Revenue 2020: $2,132,837Expenses 2020: $1,900,694Net Income 2020: $232,1432020Revenue 2021: $2,215,324Expenses 2021: $2,330,457Net Income 2021: -$115,1332021Revenue 2022: $2,229,105Expenses 2022: $2,025,109Net Income 2022: $203,9962022Revenue 2023: $2,284,950Expenses 2023: $2,145,294Net Income 2023: $139,6562023Revenue 2024: $2,431,367Expenses 2024: $2,451,181Net Income 2024: -$19,8142024

Highlighted filing

2024

Revenue$2,431,367
Expenses$2,451,181
Net Income-$19,814

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 9, 2024
Return Version
2023v5.1
Gross Receipts
$2,431,367
Mission and Program Overview

Mission

To provide affordable housing for the benefit of low to moderate income individuals through the operation of gideon court apartments, a 150-unit hud assisted project in dekalb, illinois.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,093,746$8,725,847▼ $367,899
Intangible Assets$178,205$172,651▼ $5,554
Cash and Non-Interest-Bearing Accounts$117,681$137,575▲ $19,894
Prepaid Expenses and Deferred Charges$110,660$104,924▼ $5,736
Savings and Temporary Cash Investments$38,630$38,100▼ $530
Accounts Receivable$5,123$11,269▲ $6,146
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$10,736,911$10,392,004▼ $344,907
Other Assets Total$1,192,866$1,201,638▲ $8,772
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,943,359$9,666,797▼ $276,562
Accounts Payable and Accrued Expenses$285,500$242,619▼ $42,881
Other Liabilities$37,165$36,568▼ $597
Deferred Revenue$14,323$9,270▼ $5,053
Total Liabilities$10,280,347$9,955,254▼ $325,093
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$456,564$436,750▼ $19,814
Total Net Assets Fund Balance$456,564$436,750▼ $19,814
Total Liabilities and Net Assets / Fund Balance$10,736,911$10,392,004▼ $344,907

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,798,277$9,245,559$17,043,836
Equipment$158,964$848,574$1,007,538
Land$647,400-$647,400
Leasehold Improvements$58,066$310,394$368,460
Other Land Buildings$63,140$127,697$190,837
Other Assets Org$1,201,638--
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Leasing & Management Co INCProperty Management5618 N MILWAUKEE AVENUE, Chicago, IL 60646-
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,390,207
Investment Income
$18,501
Other Revenue
$22,659
Change in Net Assets
$-19,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,939,863
Salaries, Compensation, and Employee Benefits$511,318
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$545,544--$545,544
Other Salaries and Wages$365,544--$365,544
Interest$220,367--$220,367
All Other Expenses$218,573--$218,573
Insurance$163,138--$163,138
Fees for Services Management$151,399--$151,399
Other Expenses$111,445--$111,445
Other Employee Benefits$111,218--$111,218
Payroll Taxes$34,556--$34,556
Fees for Services Accounting$31,952--$31,952
Office Expenses$26,025--$26,025
Fees for Services Legal$8,310--$8,310
Advertising$111--$111
Total Functional Expenses$2,451,181$0$0$2,451,181
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
Security Deposits$36,568
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

Property management responsibilities of the apartment complex are assigned to a professional property management firm on a contract basis and that is approved by hud.

Form 990, Part VI, Section A, Line 6

Residents of the apartment complex are automatically members of the organization.

Form 990, Part VI, Section A, Line 7A

Residents of the apartment complex are automatically members of the organization. The members elect the governing board and officers. The governing board is accountable to the members.

Form 990, Part VI, Section A, Line 7B

Board and hud approves management company contract and also annual budget which includes compensation of all management company employees assigned to the development.

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

Copy of return is provided to governing body members.

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

Agenda discussion items at meetings.

Form 990, Part VI, Section B, Line 15A

Board and hud approves management company contract and also annual budget which includes compensation of all management company employees assigned to the development.

Form 990, Part VI, Section B, Line 15B

Board and hud approves management company contract and also annual budget which includes compensation of all management company employees assigned to the development.

Form 990, Part VI, Section C, Line 19

Meetings and minutes are available to members and public. All are available from management office upon request.

Filing and Contact Details

Filer

Filer Name
Gideon Court Resident Council
EIN
36-4163743
Phone
7732865400
Address
C/O LMCI 5618 N MILWAUKEE AVENUE, CHICAGO, IL 60646

Signing Officer

Name
Christine Mclaughlin
Title
President
Signed
2024-12-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Mclaughlin
Formed
1994
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
15

Preparer

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

Additional Explanations

Form 990, Part XII, Line 2C

Governing body serves as audit committee and engages audit firm

Statement Note 1

Statement regarding 100% merger with gideon court, inc._______________________________________________________the organization was the sole member in gideon court, inc. (fein 36-3943621),a 501(c)(3) organization that owned and operated gideon court apartments.gideon court apartments is a hud backed project operated forlow to moderate income individuals under hud oversight. The residents of gideon court apartments are automatically the members of gideon court resident council.effective january 31, 2010, gideon court resident council (36-4163743)had a 100% merger with gideon court, inc. And is the surviving corporation.

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 June 30, 2019, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0456564
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0436750
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt026025
IRS990/OfficeExpensesGrp/TotalAmt026025
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01192866
IRS990/OtherAssetsTotalGrp/EOYAmt01201638
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0111218
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0111218
IRS990/OtherExpensesGrp/Desc0Operating Contracts
IRS990/OtherExpensesGrp/Desc1Utilities
IRS990/OtherExpensesGrp/Desc2Real Estate Taxes
IRS990/OtherExpensesGrp/Desc3Social Programming
IRS990/OtherExpensesGrp/ProgramServicesAmt0165000
IRS990/OtherExpensesGrp/ProgramServicesAmt1151505
IRS990/OtherExpensesGrp/ProgramServicesAmt2146494
IRS990/OtherExpensesGrp/ProgramServicesAmt3111445
IRS990/OtherExpensesGrp/TotalAmt0165000
IRS990/OtherExpensesGrp/TotalAmt1151505
IRS990/OtherExpensesGrp/TotalAmt2146494
IRS990/OtherExpensesGrp/TotalAmt3111445
IRS990/OtherLiabilitiesGrp/BOYAmt037165
IRS990/OtherLiabilitiesGrp/EOYAmt036568
IRS990/OtherRevenueMiscGrp/Desc0Gain on sale of asset
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt022659
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt022659
IRS990/OtherRevenueTotalAmt022659
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0365544
IRS990/OtherSalariesAndWagesGrp/TotalAmt0365544
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt034556
IRS990/PayrollTaxesGrp/TotalAmt034556
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0110660
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0104924
IRS990/PrincipalOfficerNm0CHRISTINE MCLAUGHLIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYMENT
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2VENDING AND RESIDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01795883
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1578798
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215526
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01795883
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1578798
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215526
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt020522
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01688136
IRS990/PYProgramServiceRevenueAmt02264428
IRS990/PYRevenuesLessExpensesAmt0139656
IRS990/PYSalariesCompEmpBnftPaidAmt0457158
IRS990/PYTotalExpensesAmt02145294
IRS990/PYTotalRevenueAmt02284950
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-19814
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt038630
IRS990/SavingsAndTempCashInvstGrp/EOYAmt038100
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REVENUES PRIOR TO THE MERGER WITH GIDEON COURT, INC. ON 1/31/10 ARE DERIVED FROM FILINGS OF GIDEON COURT, INC.(36-3943621). THE ENTITIES MERGED EFFECTIVE 1/31/10 WITH GIDEON COURT RESIDENT COUNCIL AS THE SURVIVING CORPORATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Additional Supplemental Information
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt063304
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt063304
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt018501
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt020522
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04480
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01680
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0638
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt045821
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02390207
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02264428
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02224625
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02150340
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02132199
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011161799
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt018501
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt020522
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04480
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01680
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0638
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt045821
IRS990ScheduleA/InvestmentIncomeCYPct00.00410
IRS990ScheduleA/InvestmentIncomePYPct00.00260
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt022659
IRS990ScheduleA/OtherIncome509Grp/TotalAmt022659
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99390
IRS990ScheduleA/PublicSupportPY509Pct00.99740
IRS990ScheduleA/PublicSupportTotal509Amt011225103
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02390207
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02264428
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02224625
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02213644
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02132199
IRS990ScheduleA/Total509Grp/TotalAmt011225103
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02431367
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02284950
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02229105
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02215324
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02132837
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011293583
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07798277
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09245559
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017043836
IRS990ScheduleD/EquipmentGrp/BookValueAmt0158964
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0848574
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01007538
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0647400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0647400
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt058066
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0310394
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0368460
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01201638
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Escrows
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt063140
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0127697
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0190837
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt036568
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposits
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 June 30, 2019, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08725847
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01201638
IRS990ScheduleD/TotalLiabilityAmt036568
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROPERTY MANAGEMENT RESPONSIBILITIES OF THE APARTMENT COMPLEX ARE ASSIGNED TO A PROFESSIONAL PROPERTY MANAGEMENT FIRM ON A CONTRACT BASIS AND THAT IS APPROVED BY HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RESIDENTS OF THE APARTMENT COMPLEX ARE AUTOMATICALLY MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RESIDENTS OF THE APARTMENT COMPLEX ARE AUTOMATICALLY MEMBERS OF THE ORGANIZATION. THE MEMBERS ELECT THE GOVERNING BOARD AND OFFICERS. THE GOVERNING BOARD IS ACCOUNTABLE TO THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD AND HUD APPROVES MANAGEMENT COMPANY CONTRACT AND ALSO ANNUAL BUDGET WHICH INCLUDES COMPENSATION OF ALL MANAGEMENT COMPANY EMPLOYEES ASSIGNED TO THE DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPY OF RETURN IS PROVIDED TO GOVERNING BODY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AGENDA DISCUSSION ITEMS AT MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD AND HUD APPROVES MANAGEMENT COMPANY CONTRACT AND ALSO ANNUAL BUDGET WHICH INCLUDES COMPENSATION OF ALL MANAGEMENT COMPANY EMPLOYEES ASSIGNED TO THE DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOARD AND HUD APPROVES MANAGEMENT COMPANY CONTRACT AND ALSO ANNUAL BUDGET WHICH INCLUDES COMPENSATION OF ALL MANAGEMENT COMPANY EMPLOYEES ASSIGNED TO THE DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MEETINGS AND MINUTES ARE AVAILABLE TO MEMBERS AND PUBLIC. ALL ARE AVAILABLE FROM MANAGEMENT OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9GOVERNING BODY SERVES AS AUDIT COMMITTEE AND ENGAGES AUDIT FIRM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10STATEMENT REGARDING 100% MERGER WITH GIDEON COURT, INC._______________________________________________________THE ORGANIZATION WAS THE SOLE MEMBER IN GIDEON COURT, INC. (FEIN 36-3943621),A 501(C)(3) ORGANIZATION THAT OWNED AND OPERATED GIDEON COURT APARTMENTS.GIDEON COURT APARTMENTS IS A HUD BACKED PROJECT OPERATED FORLOW TO MODERATE INCOME INDIVIDUALS UNDER HUD OVERSIGHT. THE RESIDENTS OF GIDEON COURT APARTMENTS ARE AUTOMATICALLY THE MEMBERS OF GIDEON COURT RESIDENT COUNCIL.EFFECTIVE JANUARY 31, 2010, GIDEON COURT RESIDENT COUNCIL (36-4163743)HAD A 100% MERGER WITH GIDEON COURT, INC. AND IS THE SURVIVING CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6

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