Civic Intelligence

Homes for Laurel II Inc C/O Homes for America Inc

990 • Fiscal year 2016 • EIN 36-4569310

Apr 01, 2015 to Mar 31, 2016 • Filed on Jan 26, 2017

Organization Profilewww.homesforamerica.org
318 SIXTH STREET No STE 2Annapolis, MD 21403-2566

(410) 269-1222

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.13x

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

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

Liabilities / Revenue

98th percentile

14.04x

Higher debt load relative to revenue than 98% of similar nonprofits.

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

Net Margin

6th percentile

-58%

Higher net margin than 6% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

32nd percentile

-2.5%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

37th percentile

-1.4%

Faster revenue growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$1,694,991

Down $44,239 (-2.5%) from 2015

Net Assets

Down

-$226,027

Down $79,851 (-55%) from 2015

Liabilities

Up

$1,921,018

Up $35,612 (+1.9%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin6th percentile

Revenue

Down

$136,858

Down $1,891 (-1.4%) from 2015

Expenses

Up

$216,709

Up $27,050 (+14%) from 2015

Net Income

Down

-$79,851

Down $28,941 (-57%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$2.0M$1.0M$0-$1.0MAssets 2014: $1,796,276Liabilities 2014: $1,891,542Net Assets 2014: -$95,2662014Assets 2015: $1,739,230Liabilities 2015: $1,885,406Net Assets 2015: -$146,1762015Assets 2016: $1,694,991Liabilities 2016: $1,921,018Net Assets 2016: -$226,0272016Assets 2017: $1,624,725Liabilities 2017: $1,892,665Net Assets 2017: -$267,9402017Assets 2018: $1,586,555Liabilities 2018: $1,895,902Net Assets 2018: -$309,3472018Assets 2019: $1,546,847Liabilities 2019: $1,891,321Net Assets 2019: -$344,4742019Assets 2020: $1,514,518Liabilities 2020: $1,887,237Net Assets 2020: -$372,7192020Assets 2021: $1,486,380Liabilities 2021: $1,888,995Net Assets 2021: -$402,6152021Assets 2022: $1,443,379Liabilities 2022: $1,894,109Net Assets 2022: -$450,7302022Assets 2025: $1,304,018Liabilities 2025: $1,892,282Net Assets 2025: -$588,2642025

Highlighted filing

2016

Assets$1,694,991
Liabilities$1,921,018
Net Assets-$226,027
Open 2016 Filing

Operations Trend

Revenue Growth37th percentile

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

$300K$200K$100K$0-$100KRevenue 2014: $138,605Expenses 2014: $169,915Net Income 2014: -$31,3102014Revenue 2015: $138,749Expenses 2015: $189,659Net Income 2015: -$50,9102015Revenue 2016: $136,858Expenses 2016: $216,709Net Income 2016: -$79,8512016Revenue 2017: $137,372Expenses 2017: $179,285Net Income 2017: -$41,9132017Revenue 2018: $139,743Expenses 2018: $181,150Net Income 2018: -$41,4072018Revenue 2019: $144,449Expenses 2019: $179,576Net Income 2019: -$35,1272019Revenue 2020: $149,390Expenses 2020: $177,635Net Income 2020: -$28,2452020Revenue 2021: $157,196Expenses 2021: $187,092Net Income 2021: -$29,8962021Revenue 2022: $168,331Expenses 2022: $216,446Net Income 2022: -$48,1152022Revenue 2025: $167,410Expenses 2025: $218,061Net Income 2025: -$50,6512025

Highlighted filing

2016

Revenue$136,858
Expenses$216,709
Net Income-$79,851
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2015 to Mar 31, 2016
Signed
Jan 26, 2017
Return Version
2015v3.0
Gross Receipts
$136,858
Mission and Program Overview

Mission

Entity was formed for the purpose of renting and maintaining independent living affordable, safe and sound housing enhanced with services to senior citizens of low and moderate income.

Please see schedule oentity was formed for the purpose of renting and maintaining independent living affordable, safe and sound housing with services to senior citizens of low and moderate income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,478,808$1,435,311▼ $43,497
Prepaid Expenses and Deferred Charges$6,552$6,702▲ $150
Cash and Non-Interest-Bearing Accounts$2,165$1,431▼ $734
Accounts Receivable$1,138$236▼ $902
Total Assets$1,739,230$1,694,991▼ $44,239
Other Assets Total$250,567$251,311▲ $744
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,865,100$1,865,100→ $0
Accounts Payable and Accrued Expenses$12,668$48,268▲ $35,600
Other Liabilities$7,638$7,650▲ $12
Total Liabilities$1,885,406$1,921,018▲ $35,612
Net Assets / Fund Balance
Unrestricted Net Assets$-146,176$-226,027▼ $79,851
Total Net Assets Fund Balance$-146,176$-226,027▼ $79,851
Total Liabilities and Net Assets / Fund Balance$1,739,230$1,694,991▼ $44,239

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,385,311$397,398$1,782,709
Land$50,000-$50,000
Other Land Buildings$0$8,200$8,200
Other Assets Org$6,837--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
Kathy Ebner Eff 7-6-16Director (non-voting)$126,044$126,044
Trudy P McFallDirector (non-voting)$53,504$53,504
paula sampson 11-1-15 - 7-5-16Director (non-voting)$48,750$48,750

Board Members and Trustees

NameTitle
Michael BodakenPresident & Director
Sharon Dworkin BellVice President & Director
Ardath M CadeDirector
Bernard L TetreaultDirector
Charles L EdsonDirector
Nancy S Rase thru 10-31-15Director (non-voting)
Mary E RowlandSecretary & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$136,626
Investment Income
$232
Other Revenue
$0
Change in Net Assets
$-79,851

Audited Revenue Reconciliation

Revenue per Audited Statements
$136,858
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$136,858
Total Revenue per Form 990
$136,858
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$216,709
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$43,497--$43,497
Other Expenses$25,954--$25,954
All Other Expenses$14,673--$14,673
Fees for Services Management-$9,963-$9,963
Fees for Services Accounting-$7,840-$7,840
Office Expenses$4,852--$4,852
Insurance$3,168--$3,168
Advertising$1,482--$1,482
Fees for Services Legal$20--$20
Total Functional Expenses$198,906$17,803$0$216,709

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$216,709
Total Expenses per Audited Statements$216,709
Total Expenses per Form 990$216,709
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$5,704
Accrued Expenses$1,946
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“A draft of form 990 is reviewed & authorized by a member of the board of directors prior to filing with the irs.”

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

“The written conflict of interest policy is discussed at the annual meeting and all officers and directors sign a statement acknowledging the policy.”

Form 990, Part VI, Section C, line 19

“The organization's governing documents and policies are available for public inspection at the organization's office during regular business hours upon request.”

Filing and Contact Details

Filer

Filer Name
Homes for Laurel Ii Inc
EIN
36-4569310
Phone
4102691222
Address
318 SIXTH STREET No STE 2, ANNAPOLIS, MD 21403-2566

Signing Officer

Name
Kathy Ebner
Title
Vice President
Phone
4102691222
Signed
2017-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Ebner
Formed
2004
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
500 EAST PRATT STREET 4TH FLOOR, BALTIMORE, MD 21202
Preparer
Damien Nickle CPA
Phone
4107834900
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The Organization has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax-exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended March 31, 2016. Due to its tax-exempt status, the Organization is not subject to income taxes. The Organization is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Organization has no other tax positions which must be considered for disclosure. While no income tax returns are currently being examined by the IRS, tax years since 2013 remain open.”

Raw XML AppendixShowing 400 of 573 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/Desc020 Units of housing serving senior citizens under Section 202 of The Federal Housing Act of 1959. Services, in addition to housing, include weekly continental breakfast, mobile grocery store, meals on wheels, food delivery, on-site bus stop, computer lab, diabetic clinic, wellness education opportunities, walking club and lending library. A variety of social programs are also provided, which include BINGO, seasonal luncheons, brunches, and cookouts, exercise instruction, and transportation to The Laurel Senior Center Monday through Friday.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT & DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11633
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0134993
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11633
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0232
IRS990/PYOtherExpensesAmt0189659
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0138517
IRS990/PYRevenuesLessExpensesAmt0-50910
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0189659
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0138749
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-79851
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0136626
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0232
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0232
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0218
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0350
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0477
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0136626
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0138517
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0138387
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0139373
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0139917
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0692820
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0232
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0232
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0218
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0350
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0477
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01509
IRS990ScheduleA/InvestmentIncomeCYPct00.00220
IRS990ScheduleA/InvestmentIncomePYPct00.00310
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99780
IRS990ScheduleA/PublicSupportPY509Pct00.99690
IRS990ScheduleA/PublicSupportTotal509Amt0692820
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0136626
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0138517
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0138387
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0139373
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0139917
IRS990ScheduleA/Total509Grp/TotalAmt0692820
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0136858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0138749
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0138605
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0139723
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0140394
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0694329
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01385311
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0397398
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01782709
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0216709
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0237411
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17063
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26837
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH - SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW - TAXES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08200
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01946
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15704
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0136858
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax-exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended March 31, 2016. Due to its tax-exempt status, the Organization is not subject to income taxes. The Organization is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Organization has no other tax positions which must be considered for disclosure. While no income tax returns are currently being examined by the IRS, tax years since 2013 remain open.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01435311
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0251311
IRS990ScheduleD/TotalExpensesPerForm990Amt0216709
IRS990ScheduleD/TotalLiabilityAmt07650
IRS990ScheduleD/TotalRevenuePerForm990Amt0136858
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0136858
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0216709
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0274020
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt019181
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt014169
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Nancy S Rase thru 10-31-15
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR (NON-VOTING)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0307370
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE REPORTABLE COMPENSATION FROM A RELATED ORGANIZATION IS BASED UPON APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J - QUESTION 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF FORM 990 IS REVIEWED & AUTHORIZED BY A MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE WRITTEN CONFLICT OF INTEREST POLICY IS DISCUSSED AT THE ANNUAL MEETING AND ALL OFFICERS AND DIRECTORS SIGN A STATEMENT ACKNOWLEDGING THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0HOMES FOR AMERICA INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1HOMES FOR AMERICA INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0521940646
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1432035312
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1MD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0HOMES DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1CLARE COURT CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt05129590

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,694,991
Liabilities
$1,921,018
Net assets
-$226,027
Revenue
$136,858
Expenses
$216,709
Net income
-$79,851
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$1.89$0.59$0.17$0.22$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$1.89$0.45$0.17$0.22$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$1.89$0.40$0.16$0.19$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$1.89$0.37$0.15$0.18$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$1.89$0.34$0.14$0.18$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$1.90$0.31$0.14$0.18$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$1.89$0.27$0.14$0.18$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.69$1.92$0.23$0.14$0.22$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.74$1.89$0.15$0.14$0.19$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.80$1.89$0.10$0.14$0.17$0.03