Civic Intelligence

Martin Luther King Economic Development Corporation

990 • Fiscal year 2020 • EIN 39-1809548

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileN/A
2745 N Martin Luther King DriveMilwaukee, WI 53212

(414) 264-5000

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.24x

Higher debt load relative to assets than 52% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

2.48x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

81st percentile

26%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

17th percentile

$67,450

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

51st percentile

7.2%

Faster asset growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

76%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$18,670,070

Up $1,251,680 (+7.2%) from 2019

Net Assets

Up

$14,097,268

Up $497,365 (+3.7%) from 2019

Liabilities

Up

$4,572,802

Up $754,315 (+20%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin81st percentile

Revenue

Up

$1,845,186

Up $795,752 (+76%) from 2019

Expenses

Up

$1,365,240

Up $133,509 (+11%) from 2019

Net Income

Up

$479,946

Up $662,243 (+363%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $4,998,485Liabilities 2010: $1,358,603Net Assets 2010: $3,639,8822010Assets 2011: $10,510,684Liabilities 2011: $2,306,017Net Assets 2011: $8,204,6672011Assets 2012: $10,059,127Liabilities 2012: $1,397,807Net Assets 2012: $8,661,3202012Assets 2013: $9,974,956Liabilities 2013: $3,388,410Net Assets 2013: $6,586,5462013Assets 2014: $14,872,272Liabilities 2014: $3,832,206Net Assets 2014: $11,040,0662014Assets 2015: $15,234,188Liabilities 2015: $3,760,793Net Assets 2015: $11,473,3952015Assets 2016: $15,577,992Liabilities 2016: $4,017,099Net Assets 2016: $11,560,8932016Assets 2017: $15,564,506Liabilities 2017: $3,864,564Net Assets 2017: $11,699,9422017Assets 2018: $17,521,343Liabilities 2018: $3,852,599Net Assets 2018: $13,668,7442018Assets 2019: $17,418,390Liabilities 2019: $3,818,487Net Assets 2019: $13,599,9032019Assets 2020: $18,670,070Liabilities 2020: $4,572,802Net Assets 2020: $14,097,2682020Assets 2021: $18,343,103Liabilities 2021: $4,542,781Net Assets 2021: $13,800,3222021Assets 2022: $13,094,688Liabilities 2022: $2,803,989Net Assets 2022: $10,290,6992022Assets 2023: $13,155,955Liabilities 2023: $2,961,208Net Assets 2023: $10,194,7472023Assets 2024: $13,166,375Liabilities 2024: $2,920,785Net Assets 2024: $10,245,5902024

Highlighted filing

2020

Assets$18,670,070
Liabilities$4,572,802
Net Assets$14,097,268
Open 2020 Filing

Operations Trend

Revenue Growth92nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $2,637,828Expenses 2010: $506,417Net Income 2010: $2,131,4112010Revenue 2011: $1,764,590Expenses 2011: $1,314,423Net Income 2011: $450,1672011Revenue 2012: $1,015,756Expenses 2012: $736,916Net Income 2012: $278,8402012Revenue 2013: $3,433,905Expenses 2013: $813,720Net Income 2013: $2,620,1852013Revenue 2014: $856,784Expenses 2014: $1,003,303Net Income 2014: -$146,5192014Revenue 2015: $1,251,535Expenses 2015: $832,269Net Income 2015: $419,2662015Revenue 2016: $745,216Expenses 2016: $920,136Net Income 2016: -$174,9202016Revenue 2017: $1,331,246Expenses 2017: $1,192,197Net Income 2017: $139,0492017Revenue 2018: $3,269,197Expenses 2018: $1,100,120Net Income 2018: $2,169,0772018Revenue 2019: $1,049,434Expenses 2019: $1,231,731Net Income 2019: -$182,2972019Revenue 2020: $1,845,186Expenses 2020: $1,365,240Net Income 2020: $479,9462020Revenue 2021: $1,119,485Expenses 2021: $1,416,431Net Income 2021: -$296,9462021Revenue 2022: $1,169,611Expenses 2022: $1,117,124Net Income 2022: $52,4872022Revenue 2023: $965,733Expenses 2023: $1,061,685Net Income 2023: -$95,9522023Revenue 2024: $1,217,028Expenses 2024: $1,166,185Net Income 2024: $50,8432024

Highlighted filing

2020

Revenue$1,845,186
Expenses$1,365,240
Net Income$479,946
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$1,845,186
Mission and Program Overview

Mission

To rebuild the harambee community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,741,778$11,646,183▲ $1,904,405
Other Notes and Loans Receivable, Net$2,678,705$2,359,325▼ $319,380
Cash and Non-Interest-Bearing Accounts$886,482$1,008,170▲ $121,688
Accounts Receivable$106,745$88,441▼ $18,304
Prepaid Expenses and Deferred Charges$19,220$26,101▲ $6,881
Total Assets$17,418,390$18,670,070▲ $1,251,680
Other Assets Total$3,985,460$3,541,850▼ $443,610
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,087,374$2,624,157▲ $536,783
Other Liabilities$1,669,956$1,727,723▲ $57,767
Deferred Revenue$1,945$122,678▲ $120,733
Accounts Payable and Accrued Expenses$59,212$98,244▲ $39,032
Total Liabilities$3,818,487$4,572,802▲ $754,315
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,599,903$14,097,268▲ $497,365
Total Net Assets Fund Balance$13,599,903$14,097,268▲ $497,365
Total Liabilities and Net Assets / Fund Balance$17,418,390$18,670,070▲ $1,251,680

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,088,570$4,655,908$11,744,478
Other Land Buildings$3,899,853-$3,899,853
Land$657,760-$657,760
Other Assets Org$177,443--
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicole RobbinsExecutive DirectorPT$67,083$367$67,450

Board Members and Trustees

NameTitle
Ben JohnsonPresident
Mcarthur WeddleVice President
Clarence HillDirector
Clifton PhelpsDirector
Genyne EdwardsDirector
Jim MilnerDirector
Kevin NewellDirector
Lamarr FranklinDirector
Marcellius BrownDirector
Robert IsabellDirector
Tracey CarsonSecretary
Ken LittleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$103,812
Program Service Revenue
$0
Investment Income
$65,755
Other Revenue
$1,675,619
All Other Contributions
$89,007
Change in Net Assets
$479,946

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,845,186
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,845,186
Total Revenue per Form 990
$1,845,186
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,225,322
Salaries, Compensation, and Employee Benefits$139,918
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$426,344--$426,344
Interest$106,815--$106,815
Occupancy$93,623$5,730-$99,353
Current Officers, Directors, Trustees, and Key Employees$60,641$6,809-$67,450
Other Salaries and Wages$48,002$17,841-$65,843
Insurance$42,837$9,705-$52,542
Fees for Services Management-$45,398-$45,398
Fees for Services Other$44,973--$44,973
Fees for Services Legal$34,638--$34,638
All Other Expenses$28,835--$28,835
Other Expenses$28,406--$28,406
Conferences and Meetings$25,887$846-$26,733
Fees for Services Accounting-$19,552-$19,552
Advertising$13,412$3,001-$16,413
Office Expenses$8,596$7,582-$16,178
Payroll Taxes$4,805$1,820-$6,625
Travel$420--$420
Total Functional Expenses$1,246,956$118,284$0$1,365,240

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,365,240
Total Expenses per Audited Statements$1,365,240
Total Expenses per Form 990$1,365,240
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Controlled EntityAdmin Fees Earned by MlkedNo$7,130
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Minority Interest$1,579,625
Other Long-term Liabilities$80,755
Security Deposits$67,343
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Business relationship with 35% controlled entity
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Line 11b explanation - tax return is reviewed by the board treasurer and the executive director prior to filing.”

Form 990, Part VI, Section C, Line 19

“Documents will be made available upon request.”

Filing and Contact Details

Filer

Filer Name
Martin Luther King Economic Development
EIN
39-1809548
Phone
4142645000
Address
2745 N MARTIN LUTHER KING DRIVE, MILWAUKEE, WI 53212

Signing Officer

Name
Nicole Robbins
Title
Executive Director
Phone
4142645000
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Robbins
Formed
1993
Legal Domicile
Wi
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
12

Preparer

Firm
Ritz Holman Llp
Address
330 E KILBOURN AVE SUITE 550, MILWAUKEE, WI 53202
Preparer
Renee Messing
Phone
4142711451
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Adj to beginning net assets 17,419.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from income tax under section 501(c)(3) of the internal revenue code and is classified as other than a private foundation. Management has reviewed all tax positions recognized in previously filed tax returns in the u.s. Federal jurisdiction and those expected to be taken in future tax returns. As of december 31, 2020, the organization had no amounts related to unrecognized income tax benefits and no amounts related to accrued interest and penalties. The organization does not anticipate any significant changes to unrecognized income tax benefits over the next year. The organization is currently not under audit by any federal or state taxing authority.”

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IRS990/LandBldgEquipBasisNetGrp/BOYAmt09741778
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011646183
IRS990/LandBldgEquipCostOrOtherBssAmt016302091
IRS990/LegalDomicileStateCd0WI
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd01
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO REBUILD THE HARAMBEE COMMUNITY
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02087374
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02624157
IRS990/NetAssetsOrFundBalancesBOYAmt013599903
IRS990/NetAssetsOrFundBalancesEOYAmt014097268
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0900338
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0900338
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt013599903
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014097268
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05730
IRS990/OccupancyGrp/ProgramServicesAmt093623
IRS990/OccupancyGrp/TotalAmt099353
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07582
IRS990/OfficeExpensesGrp/ProgramServicesAmt08596
IRS990/OfficeExpensesGrp/TotalAmt016178
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03985460
IRS990/OtherAssetsTotalGrp/EOYAmt03541850
IRS990/OtherChangesInNetAssetsAmt017419
IRS990/OtherExpensesGrp/Desc0MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc3CONTRACT SERVICES
IRS990/OtherExpensesGrp/ProgramServicesAmt0189781
IRS990/OtherExpensesGrp/ProgramServicesAmt152376
IRS990/OtherExpensesGrp/ProgramServicesAmt236565
IRS990/OtherExpensesGrp/ProgramServicesAmt328406
IRS990/OtherExpensesGrp/TotalAmt0189781
IRS990/OtherExpensesGrp/TotalAmt152376
IRS990/OtherExpensesGrp/TotalAmt236565
IRS990/OtherExpensesGrp/TotalAmt328406
IRS990/OtherLiabilitiesGrp/BOYAmt01669956
IRS990/OtherLiabilitiesGrp/EOYAmt01727723
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531390
IRS990/OtherRevenueMiscGrp/Desc0ACQUISITION INTEREST
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc2PROJECT DEVELOPMENT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0706595
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt135976
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt232710
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0706595
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt135976
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt232710
IRS990/OtherRevenueTotalAmt0775281
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017841
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt048002
IRS990/OtherSalariesAndWagesGrp/TotalAmt065843
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02678705
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02359325
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01820
IRS990/PayrollTaxesGrp/ProgramServicesAmt04805
IRS990/PayrollTaxesGrp/TotalAmt06625
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019220
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026101
IRS990/PrincipalOfficerNm0NICOLE ROBBINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0191115
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0103495
IRS990/PYOtherExpensesAmt01123605
IRS990/PYOtherRevenueAmt0754824
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-182297
IRS990/PYSalariesCompEmpBnftPaidAmt0108126
IRS990/PYTotalExpensesAmt01231731
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01049434
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0479946
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0900338
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE ORGANIZATION OWNS AND OPERATES SEVERAL LOW INCOME RENTAL PROPERTIES AS PART OF ITS CHARITABLE MISSION. THE PURPOSE OF THESE PROJECTS TO BUILD AND IMPROVE THE COMMUNITY IN THE HARAMBEE NEIGHBORHOOD. THIS WILL IMPROVE THE LIVES OF THE RESIDENTS OF THE AREA AS WELL AS RESTORE THE CULTURE OF CONFIDENCE INTO THE NEIGHBORHOOD.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER - 2016 AMOUNT: $ 53,169. 2017 AMOUNT: $ 30,782. 2018 AMOUNT: $ 21,406. ADMINISTRATION FEES - 2016 AMOUNT: $ 20,177. 2017 AMOUNT: $ 15,149. KING DRIVE CHARRETTE - ACQUISITION INTEREST - 2017 AMOUNT: $ 44,783. 2018 AMOUNT: $ 45,983. 2019 AMOUNT: $ 43,226. 2020 AMOUNT: $ 28,139. PROJECT DEVELOPMENT - 2018 AMOUNT: $ 22,999. 2019 AMOUNT: $ 64,549. 2020 AMOUNT: $ 32,710. MISCELLANEOUS - 2018 AMOUNT: $ 27,751. 2019 AMOUNT: $ 34,866. 2020 AMOUNT: $ 35,976. LOAN INTEREST INCOME - 2018 AMOUNT: $ 15,942.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0103812
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt087649
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt078500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0139875
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt037020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0446856
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt037616
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt083385
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt069878
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0136031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt043516
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0370426
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02976004
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt096825
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0142641
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0134081
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt090714
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt073346
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0537607
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.32980
IRS990ScheduleA/PublicSupportPY170Pct00.23160
IRS990ScheduleA/PublicSupportTotal170Amt0446856
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0103812
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt087649
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt078500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0139875
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt037020
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0446856
IRS990ScheduleA/TotalSupportAmt01354889
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt07088570
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04655908
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011744478
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01365240
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0657760
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0657760
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01456048
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1180660
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2891619
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt354648
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4743153
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt538279
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt6177443
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENT - KING DRIVE COMMONS II
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEVELOPMENT FEES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESTRICTED CASH-WHEDA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5ACCRUED ADMIN FEE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6DEVELOPMENT PROPERTIES HELD FOR SALE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03899853
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03899853
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt067343
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11579625
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt280755
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MINORITY INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LONG-TERM LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01845186
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. MANAGEMENT HAS REVIEWED ALL TAX POSITIONS RECOGNIZED IN PREVIOUSLY FILED TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THOSE EXPECTED TO BE TAKEN IN FUTURE TAX RETURNS. AS OF DECEMBER 31, 2020, THE ORGANIZATION HAD NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES. THE ORGANIZATION DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR. THE ORGANIZATION IS CURRENTLY NOT UNDER AUDIT BY ANY FEDERAL OR STATE TAXING AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,670,070
Liabilities
$4,572,802
Net assets
$14,097,268
Revenue
$1,845,186
Expenses
$1,365,240
Net income
$479,946
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.2$2.92$10.2$1.22$1.17$0.05
2023Detailed filing. Detailed filing data is available for this year.$13.2$2.96$10.2$0.97$1.06$0.10
2022Detailed filing. Detailed filing data is available for this year.$13.1$2.80$10.3$1.17$1.12$0.05
2021Detailed filing. Detailed filing data is available for this year.$18.3$4.54$13.8$1.12$1.42$0.30
2020Detailed filing. Detailed filing data is available for this year.$18.7$4.57$14.1$1.85$1.37$0.48
2019Detailed filing. Detailed filing data is available for this year.$17.4$3.82$13.6$1.05$1.23$0.18
2018Detailed filing. Detailed filing data is available for this year.$17.5$3.85$13.7$3.27$1.10$2.17
2017Detailed filing. Detailed filing data is available for this year.$15.6$3.86$11.7$1.33$1.19$0.14
2016Detailed filing. Detailed filing data is available for this year.$15.6$4.02$11.6$0.75$0.92$0.17
2015Detailed filing. Detailed filing data is available for this year.$15.2$3.76$11.5$1.25$0.83$0.42
2014Detailed filing. Detailed filing data is available for this year.$14.9$3.83$11.0$0.86$1.00$0.15
2013Detailed filing. Detailed filing data is available for this year.$9.97$3.39$6.59$3.43$0.81$2.62
2012Summary only. Only limited summary data is available for this year.$10.1$1.40$8.66$1.02$0.74$0.28
2011Summary only. Only limited summary data is available for this year.$10.5$2.31$8.20$1.76$1.31$0.45
2010Summary only. Only limited summary data is available for this year.$5.00$1.36$3.64$2.64$0.51$2.13