Civic Intelligence

Martin Luther King Economic Development Corporation

990 • Fiscal year 2022 • EIN 39-1809548

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 08, 2023

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

55th percentile

0.21x

Higher debt load relative to assets than 55% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

2.40x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

45th percentile

4.5%

Higher net margin than 45% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

18th percentile

$75,208

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

2nd percentile

-29%

Faster asset growth than 2% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

51st percentile

4.5%

Faster revenue growth than 51% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$13,094,688

Down $5,248,415 (-29%) from 2021

Net Assets

Down

$10,290,699

Down $3,509,623 (-25%) from 2021

Liabilities

Down

$2,803,989

Down $1,738,792 (-38%) from 2021

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin45th percentile

Revenue

Up

$1,169,611

Up $50,126 (+4.5%) from 2021

Expenses

Down

$1,117,124

Down $299,307 (-21%) from 2021

Net Income

Up

$52,487

Up $349,433 (+118%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth2nd 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

2022

Assets$13,094,688
Liabilities$2,803,989
Net Assets$10,290,699
Open 2022 Filing

Operations Trend

Revenue Growth51st 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

2022

Revenue$1,169,611
Expenses$1,117,124
Net Income$52,487
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$1,169,611
Mission and Program Overview

Mission

To rebuild the harambee community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,308,096$6,403,560▼ $4,904,536
Other Notes and Loans Receivable, Net$2,246,360$2,225,455▼ $20,905
Investments Program Related-$1,558,964-
Cash and Non-Interest-Bearing Accounts$1,142,969$824,578▼ $318,391
Accounts Receivable$110,866$100,067▼ $10,799
Intangible Assets-$30,056-
Prepaid Expenses and Deferred Charges$25,794$18,223▼ $7,571
Total Assets$18,343,103$13,094,688▼ $5,248,415
Other Assets Total$3,509,018$1,933,785▼ $1,575,233
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,542,137$2,546,971▲ $4,834
Other Liabilities$1,729,412$138,052▼ $1,591,360
Deferred Revenue$165,167$61,429▼ $103,738
Accounts Payable and Accrued Expenses$106,065$57,537▼ $48,528
Total Liabilities$4,542,781$2,803,989▼ $1,738,792
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,800,322$10,290,699▼ $3,509,623
Total Net Assets Fund Balance$13,800,322$10,290,699▼ $3,509,623
Total Liabilities and Net Assets / Fund Balance$18,343,103$13,094,688▼ $5,248,415

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,674,855$3,369,973$9,044,828
Land$550,205-$550,205
Equipment$61,920$222,189$284,109
Other Land Buildings$116,580$53,154$169,734
Investment Program Related Org$1,558,964--
Other Assets Org$369,062--
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nicole RobbinsExecutive DirectorPT$75,208$75,208

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$45,420
Program Service Revenue
$783,718
Investment Income
$29,658
Other Revenue
$310,815
All Other Contributions
$45,420
Change in Net Assets
$52,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$935,018
Salaries, Compensation, and Employee Benefits$182,106
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$264,811--$264,811
Occupancy$136,735--$136,735
Other Salaries and Wages$82,347$15,582-$97,929
Current Officers, Directors, Trustees, and Key Employees$63,242$11,966-$75,208
Interest$68,970--$68,970
Fees for Services Other$49,912--$49,912
Insurance$30,366$12,498-$42,864
Fees for Services Accounting-$32,100-$32,100
Advertising$13,446$12,407-$25,853
Fees for Services Management-$23,036-$23,036
Office Expenses$8,016$6,298-$14,314
All Other Expenses$10,529--$10,529
Payroll Taxes$6,303$1,192-$7,495
Other Expenses$7,034$18,515-$7,034
Fees for Services Legal$4,178--$4,178
Other Employee Benefits$1,474--$1,474
Total Functional Expenses$974,847$142,277$0$1,117,124
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
Accrued Investor Fees$91,158
Security Deposit Liability$46,894
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“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
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Robbins
Formed
1993
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
12

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Samuel T Boerma
Phone
8506500125
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Remove scattered sites which files own return -3,562,110.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The llc's have adopted accounting for uncertainty in income taxes (fasb accounting standards codification (asc) 740, income taxes). It requires that a tax position be recognized or derecognized based on a 'more-likely-than-not' threshold. This applies to positions taken or expected to be taken in a tax return. The organization does not believe the financial statements include any uncertain tax positions and that no income taxes are due for the activities, therefore, no provision for income taxes is included in the combined financial statements.”

Raw XML AppendixShowing 400 of 634 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/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02542137
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02546971
IRS990/NetAssetsOrFundBalancesBOYAmt013800322
IRS990/NetAssetsOrFundBalancesEOYAmt010290699
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0297697
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0297697
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt013800322
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010290699
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0136735
IRS990/OccupancyGrp/TotalAmt0136735
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06298
IRS990/OfficeExpensesGrp/ProgramServicesAmt08016
IRS990/OfficeExpensesGrp/TotalAmt014314
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03509018
IRS990/OtherAssetsTotalGrp/EOYAmt01933785
IRS990/OtherChangesInNetAssetsAmt0-3562110
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01474
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01474
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1OTHER RENTING EXPENSES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08683
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118515
IRS990/OtherExpensesGrp/ProgramServicesAmt0216872
IRS990/OtherExpensesGrp/ProgramServicesAmt110612
IRS990/OtherExpensesGrp/ProgramServicesAmt27034
IRS990/OtherExpensesGrp/TotalAmt0216872
IRS990/OtherExpensesGrp/TotalAmt119295
IRS990/OtherExpensesGrp/TotalAmt218515
IRS990/OtherExpensesGrp/TotalAmt37034
IRS990/OtherLiabilitiesGrp/BOYAmt01729412
IRS990/OtherLiabilitiesGrp/EOYAmt0138052
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt013118
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013118
IRS990/OtherRevenueTotalAmt013118
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015582
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt082347
IRS990/OtherSalariesAndWagesGrp/TotalAmt097929
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02246360
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02225455
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01192
IRS990/PayrollTaxesGrp/ProgramServicesAmt06303
IRS990/PayrollTaxesGrp/TotalAmt07495
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025794
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018223
IRS990/PrincipalOfficerNm0NICOLE ROBBINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2522220
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1K-1 INVESTMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc2PROJECT INTEREST INCOM
IRS990/ProgramServiceRevenueGrp/Desc3PROJECT DEVELOPMENT IN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0394222
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1343890
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt238041
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt37565
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0394222
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1343890
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt238041
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt37565
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0115000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt051869
IRS990/PYOtherExpensesAmt01248939
IRS990/PYOtherRevenueAmt0952616
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-296946
IRS990/PYSalariesCompEmpBnftPaidAmt0167492
IRS990/PYTotalExpensesAmt01416431
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01119485
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt052487
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0297697
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt01094533
IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE ORGANIZATION OWNS AND OPERATES SEVERAL LOW INCOME RENTAL PROPERTIES AS PART OF ITS CHARITABLE MISSION. THE PURPOSE OF THESE PROJECTS ARE TO BUILD AND IMPROVE THE COMMUNITY IN THE HARAMBEE NEIGHBORHOOD. THIS IMPROVES THE LIVES OF THE RESIDENTS OF THE AREA AS WELL AS RESTORES THE CULTURE OF CONFIDENCE INTO THE NEIGHBORHOOD.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt045420
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0115000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0103812
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt087649
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt078500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0430381
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt029658
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt051869
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt037616
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt083385
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt069878
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0272406
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0783718
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt013118
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt038258
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt096825
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0142641
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0134081
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0424923
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.38160
IRS990ScheduleA/PublicSupportPY170Pct00.37320
IRS990ScheduleA/PublicSupportTotal170Amt0430381
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt045420
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0115000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0103812
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt087649
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt078500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0430381
IRS990ScheduleA/TotalSupportAmt01127710
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/BookValueAmt05674855
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03369973
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09044828
IRS990ScheduleD/EquipmentGrp/BookValueAmt061920
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0222189
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0284109
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01558964
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT - PROGRAM INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt0550205
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0550205
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0244504
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1817964
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt231967
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3417100
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt453188
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5369062
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEVELOPMENT FEES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESTRICTED CASH - WHEDA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4ACCRUED ADMIN FEE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5DEVELOPMENT PROPERTIES HELD FOR SALE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0116580
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt053154
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0169734
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt046894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt191158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INVESTOR FEES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE LLC'S HAVE ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION DOES NOT BELIEVE THE FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR THE ACTIVITIES, THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE COMBINED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,094,688
Liabilities
$2,803,989
Net assets
$10,290,699
Revenue
$1,169,611
Expenses
$1,117,124
Net income
$52,487
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