Civic Intelligence

Ebenezer Ridge Point Apartments Inc.

990 • Fiscal year 2014 • EIN 41-1769727

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

13800 Community DriveBurnsville, MN 55337

(952) 898-1989

Siviq Scores

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

Liabilities / Assets

40th percentile

0.05x

Higher debt load relative to assets than 40% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

73rd percentile

0.40x

Higher debt load relative to revenue than 73% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

9th percentile

-31%

Higher net margin than 9% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

99th percentile

$709,625

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 235.4% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

29th percentile

-2.7%

Faster asset growth than 29% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

37th percentile

-0.6%

Faster revenue growth than 37% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$2,220,447

Down $62,177 (-2.7%) from 2013

Net Assets

Down

$2,100,481

Down $92,275 (-4.2%) from 2013

Liabilities

Up

$119,966

Up $30,098 (+33%) from 2013

Revenue

Down

$301,434

Down $1,817 (-0.6%) from 2013

Expenses

Up

$393,709

Up $8,290 (+2.2%) from 2013

Net Income

Down

-$92,275

Down $10,107 (-12%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,539,460Liabilities 2010: $141,932Net Assets 2010: $2,397,5282010Assets 2011: $2,429,720Liabilities 2011: $65,819Net Assets 2011: $2,363,9012011Assets 2012: $2,359,139Liabilities 2012: $84,215Net Assets 2012: $2,274,9242012Assets 2013: $2,282,624Liabilities 2013: $89,868Net Assets 2013: $2,192,7562013Assets 2014: $2,220,447Liabilities 2014: $119,966Net Assets 2014: $2,100,4812014Assets 2015: $2,177,943Liabilities 2015: $204,852Net Assets 2015: $1,973,0912015Assets 2016: $2,050,119Liabilities 2016: $165,894Net Assets 2016: $1,884,2252016Assets 2017: $1,999,428Liabilities 2017: $200,146Net Assets 2017: $1,799,2822017Assets 2018: $1,930,630Liabilities 2018: $224,478Net Assets 2018: $1,706,1522018Assets 2019: $1,861,790Liabilities 2019: $261,390Net Assets 2019: $1,600,4002019Assets 2020: $1,780,163Liabilities 2020: $288,065Net Assets 2020: $1,492,0982020Assets 2021: $1,656,931Liabilities 2021: $237,862Net Assets 2021: $1,419,0692021Assets 2022: $1,452,096Liabilities 2022: $108,470Net Assets 2022: $1,343,6262022Assets 2023: $1,418,998Liabilities 2023: $140,093Net Assets 2023: $1,278,9052023Assets 2024: $1,361,702Liabilities 2024: $123,233Net Assets 2024: $1,238,4692024

Highlighted filing

2014

Assets$2,220,447
Liabilities$119,966
Net Assets$2,100,481

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $345,4612010Expenses 2011: $367,5402011Expenses 2012: $374,5522012Revenue 2013: $303,251Expenses 2013: $385,419Net Income 2013: -$82,1682013Revenue 2014: $301,434Expenses 2014: $393,709Net Income 2014: -$92,2752014Revenue 2015: $310,509Expenses 2015: $437,899Net Income 2015: -$127,3902015Revenue 2016: $320,022Expenses 2016: $408,888Net Income 2016: -$88,8662016Revenue 2017: $320,912Expenses 2017: $405,855Net Income 2017: -$84,9432017Revenue 2018: $332,463Expenses 2018: $425,593Net Income 2018: -$93,1302018Revenue 2019: $340,517Expenses 2019: $446,269Net Income 2019: -$105,7522019Revenue 2020: $351,852Expenses 2020: $460,154Net Income 2020: -$108,3022020Revenue 2021: $358,526Expenses 2021: $431,553Net Income 2021: -$73,0272021Revenue 2022: $379,119Expenses 2022: $454,562Net Income 2022: -$75,4432022Revenue 2023: $403,078Expenses 2023: $467,799Net Income 2023: -$64,7212023Revenue 2024: $419,868Expenses 2024: $460,304Net Income 2024: -$40,4362024

Highlighted filing

2014

Revenue$301,434
Expenses$393,709
Net Income-$92,275
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$301,434
Mission and Program Overview

Mission

Ebenezer ridge point apartments is part of ebenezer society. Ebenezer society helps older adults and others make their lives more independent, healthful, meaningful and secure. Building on our lutheran heritage, we respond to physical, psychological, social and spiritual dimensions of the whole person. We welcome persons of diverse cultures and faith traditions. We practice responsible stewardship of humans, property, and financial resources and encourage continual learning and innovation to strive for excellence.

The organization provides 42 apartment units of housing for the low-income elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,009,998$1,886,697▼ $123,301
Savings and Temporary Cash Investments$204,543$235,354▲ $30,811
Cash and Non-Interest-Bearing Accounts$65,460$96,759▲ $31,299
Prepaid Expenses and Deferred Charges$727$1,605▲ $878
Accounts Receivable$1,896$32▼ $1,864
Total Assets$2,282,624$2,220,447▼ $62,177
Liabilities
Other Liabilities$50,217$76,912▲ $26,695
Accounts Payable and Accrued Expenses$23,074$25,281▲ $2,207
Escrow Account Liability$16,577$17,728▲ $1,151
Deferred Revenue$0$45▲ $45
Total Liabilities$89,868$119,966▲ $30,098
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,645,800$2,645,800→ $0
Unrestricted Net Assets$-453,044$-545,319▼ $92,275
Total Net Assets Fund Balance$2,192,756$2,100,481▼ $92,275
Total Liabilities and Net Assets / Fund Balance$2,282,624$2,220,447▼ $62,177

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,690,152$1,142,050$2,832,202
Land$169,864-$169,864
Equipment$26,681$21,713$48,394
Compensation and Service Providers

Board Members and Trustees

NameTitle
Maggie CollinsChair
Mark ThomasPresident
John Selstad1st Vice Chair
Deborah PaoneMember
Jeanne RipleyMember
Kent EklundMember
Richard HowardMember
Pastor Christopher P NelsonMember (thru May)
Shary MulhereSecretary
Stephan GrygarTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$287,231
Investment Income
$250
Other Revenue
$13,953
Change in Net Assets
$-92,275

Audited Revenue Reconciliation

Revenue per Audited Statements
$301,434
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$301,434
Total Revenue per Form 990
$301,434
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$295,663
Salaries, Compensation, and Employee Benefits$98,046
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$129,435--$129,435
Other Salaries and Wages$32,056$45,794-$77,850
Occupancy$59,981$5,335-$65,316
Fees for Services Management-$35,617-$35,617
Fees for Services Other$31,155--$31,155
Fees for Services Accounting-$11,077-$11,077
Other Employee Benefits$4,386$6,266-$10,652
Office Expenses$1,844$7,333-$9,177
Payroll Taxes$3,616$5,166-$8,782
Other Expenses$7,399--$7,399
Information Technology-$3,419-$3,419
Fees for Services Legal-$1,789-$1,789
Pension Plan Contributions$314$448-$762
Conferences and Meetings-$662-$662
All Other Expenses-$228-$228
Advertising-$148-$148
Interest$146--$146
Travel-$95-$95
Total Functional Expenses$270,332$123,377$0$393,709

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$393,709
Total Expenses per Audited Statements$393,709
Total Expenses per Form 990$393,709
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
Due to Related Party$76,912
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Ebenezer ridge point apartments are managed under an agreement with ebenezer management services, inc.

Form 990, Part VI, Section A, Line 6

Ebenezer society is the sole member of ebenezer ridge point apartments. Ebenezer society will receive the net assets of ebenezer ridge point apartments in the event of the dissolution of the corporation.

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

Ebenezer society appoints the members of the board of directors of ebenezer ridge point apartments. Ebenezer society and ebenezer ridge point apartments share a common board of directors.

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

Ebenezer society appoints the members of the board of directors of ebenezer ridge point apartments. Ebenezer society and ebenezer ridge point apartments share a common board of directors.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by the interim cfo and ceo prior to being submitted to the internal revenue service.

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

Any director, officer, or key employee of the organization or a member of a committee who is interested in a matter, contract, or transaction presented to the board or a committee for action, authorization, approval, or ratification shall (unless his or her interest therein is obvious from the matter, contract, or transaction itself), without request, make a prompt, full, and frank disclosure of his or her interest therein to the board or the committee, prior to action upon the matter, contract, or transaction. The disclosure shall include all material facts about the matter, contract, or transaction. The body to which the disclosure is made shall thereupon determine, by majority vote, whether the disclosure shows that a conflict of interest exists or can reasonably be deemed to exist. If the body to which the disclosure is made determines that a conflict exists or can reasonably be deemed to exist, that fact shall be noted in the minutes of the meeting at which the matter; contract, or transaction is considered or acted upon, and the interested person shall not vote on, nor use his or her personal influence on, nor participate (other than to present factual information or to respond to questions) in, the discussion or deliberations with respect to the matter, contract, or transaction. The interested person shall not be counted in determining the presence of a quorum at any meeting where the matter, contract, or transaction is considered or acted upon. The minutes of the meeting shall reflect the disclosure made, the vote on the existence of a conflict, and, where applicable, the interested person's abstention from voting and participation, and whether a quorum was present.

Form 990, Part VI, Section B, Line 15

The organization does not compensate any of their officers. The organization's parent is responsible for the determination, review and approval of their compensation.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available upon request.

Form 990, Part VII

Compensation for richard howard is for services rendered to a related organization and not for his participation on the board of directors. Compensation for mark thomas and stephan grygar is for services rendered to a related organization and for their services with this organization.

Filing and Contact Details

Filer

Filer Name
Ebenezer Ridge Point Apartments
EIN
41-1769727
Phone
9528981989
Address
13800 COMMUNITY DRIVE, BURNSVILLE, MN 55337

Signing Officer

Name
Terry Hakes
Title
Interim CFO
Phone
6128743479
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Thomas
Formed
1994
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
6
Employees
0
Volunteers
9

Preparer

Firm
Wipfli Llp
Address
7601 FRANCE AVENUE SOUTH SUITE 400, MINNEAPOLIS, MN 55435
Preparer
Tim a Ritter CPA
Phone
9525483400
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The board of directors assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year.

Financial Statement Notes

PART IV, LINE 2B:

Security deposits advanced by the tenants of the project are held in trust by the project. The project records the amounts advanced by tenants, plus interest earned, as a liability.

PART X, LINE 2:

In order to account for any uncertain tax positions, the project determines whether it is more likely than not that a tax position will be sustained on examination by the taxing authorities based on the technical merits of the position, assuming the taxing authority has full knowledge of all information. If the tax position does not meet the more-likely-than-not recognition threshold, the benefit of the tax position is not recognized in the financial statements. The project has not recorded any assets or liabilities related to uncertain tax positions or unrecognized tax benefits as of december 31, 2014 or 2013. The project's federal returns for tax years 2011 and beyond remain subject to examination by the internal revenue service.

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IRS990/InvestmentIncomeGrp/ExclusionAmt0250
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0250
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01163763
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02009998
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01886697
IRS990/LandBldgEquipCostOrOtherBssAmt03050460
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt01094
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt01094
IRS990/MissionDesc0EBENEZER HELPS OLDER ADULTS AND OTHERS MAKE THEIR LIVES MORE INDEPENDENT, HEALTHFUL, MEANINGFUL AND SECURE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02192756
IRS990/NetAssetsOrFundBalancesEOYAmt02100481
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05335
IRS990/OccupancyGrp/ProgramServicesAmt059981
IRS990/OccupancyGrp/TotalAmt065316
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07333
IRS990/OfficeExpensesGrp/ProgramServicesAmt01844
IRS990/OfficeExpensesGrp/TotalAmt09177
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06266
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04386
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010652
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt07399
IRS990/OtherExpensesGrp/TotalAmt07399
IRS990/OtherLiabilitiesGrp/BOYAmt050217
IRS990/OtherLiabilitiesGrp/EOYAmt076912
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0TENANT SERVICES
IRS990/OtherRevenueMiscGrp/Desc1VENDING REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt09300
IRS990/OtherRevenueMiscGrp/ExclusionAmt13559
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09300
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13559
IRS990/OtherRevenueTotalAmt013953
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt045794
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt032056
IRS990/OtherSalariesAndWagesGrp/TotalAmt077850
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05166
IRS990/PayrollTaxesGrp/ProgramServicesAmt03616
IRS990/PayrollTaxesGrp/TotalAmt08782
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0448
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0314
IRS990/PensionPlanContributionsGrp/TotalAmt0762
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0727
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01605
IRS990/PrincipalOfficerNm0MARK THOMAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1HUD RENTAL ASSISTANCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0153702
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1133529
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0153702
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1133529
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0267
IRS990/PYOtherExpensesAmt0304921
IRS990/PYOtherRevenueAmt014447
IRS990/PYProgramServiceRevenueAmt0288537
IRS990/PYRevenuesLessExpensesAmt0-82168
IRS990/PYSalariesCompEmpBnftPaidAmt080498
IRS990/PYTotalExpensesAmt0385419
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0303251
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-92275
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0287231
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0204543
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0235354
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0375
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt049559
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0657165
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0707099
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0250
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0267
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0247
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0182
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0285
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01231
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0287231
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0288537
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0271413
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0271326
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0261309
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01379816
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt013953
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt014447
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt013540
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt012846
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt012664
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt067450
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0250
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0267
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0247
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0182
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0285
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01231
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00190
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99810
IRS990ScheduleA/PublicSupportTotal509Amt02154365
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0301184
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0302984
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0285328
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0333731
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0931138
IRS990ScheduleA/Total509Grp/TotalAmt02154365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0301434
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0303251
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0285575
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0333913
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0931423
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02155596
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01690152
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01142050
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02832202
IRS990ScheduleD/EquipmentGrp/BookValueAmt026681
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021713
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt048394
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0393709
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0169864
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0169864
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt076912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0301434
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SECURITY DEPOSITS ADVANCED BY THE TENANTS OF THE PROJECT ARE HELD IN TRUST BY THE PROJECT. THE PROJECT RECORDS THE AMOUNTS ADVANCED BY TENANTS, PLUS INTEREST EARNED, AS A LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1IN ORDER TO ACCOUNT FOR ANY UNCERTAIN TAX POSITIONS, THE PROJECT DETERMINES WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THE TAX POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE PROJECT HAS NOT RECORDED ANY ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2014 OR 2013. THE PROJECT'S FEDERAL RETURNS FOR TAX YEARS 2011 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01886697
IRS990ScheduleD/TotalExpensesPerForm990Amt0393709
IRS990ScheduleD/TotalLiabilityAmt076912
IRS990ScheduleD/TotalRevenuePerForm990Amt0301434
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0301434
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0393709
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0702368
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1247410

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.12$1.24$0.42$0.46$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.42$0.14$1.28$0.40$0.47$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.45$0.11$1.34$0.38$0.45$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.66$0.24$1.42$0.36$0.43$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.78$0.29$1.49$0.35$0.46$0.11
2019Detailed filing. Detailed filing data is available for this year.$1.86$0.26$1.60$0.34$0.45$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.93$0.22$1.71$0.33$0.43$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.00$0.20$1.80$0.32$0.41$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.05$0.17$1.88$0.32$0.41$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.18$0.20$1.97$0.31$0.44$0.13
2014Detailed filing. Detailed filing data is available for this year.$2.22$0.12$2.10$0.30$0.39$0.09
2013Detailed filing. Detailed filing data is available for this year.$2.28$0.09$2.19$0.30$0.39$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$0.08$2.27$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$0.07$2.36$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$0.14$2.40$0.35