Civic Intelligence

Benet Place South

990 • Fiscal year 2016 • EIN 41-1894399

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 10, 2017

Organization ProfileWWW.CENTRACARE.COM
1975 15th Avenue SESt Cloud, MN 56304

(320) 529-8548

Siviq Scores

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

Liabilities / Assets

97th percentile

1.72x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

98th percentile

14.29x

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

-57%

Higher net margin than 6% of similar nonprofits.

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

Top Officer Pay

42nd percentile

$43,084

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 21.0% of source-year revenue.

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

Asset Growth

19th percentile

-6.0%

Faster asset growth than 19% of similar nonprofits.

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

Revenue Growth

8th percentile

-40%

Faster revenue growth than 8% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$1,707,697

Down $109,374 (-6.0%) from 2015

Net Assets

Down

-$1,221,586

Down $117,116 (-11%) from 2015

Liabilities

Up

$2,929,283

Up $7,742 (+0.3%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin6th percentile

Revenue

Down

$205,022

Down $136,286 (-40%) from 2015

Expenses

Up

$322,138

Up $44,965 (+16%) from 2015

Net Income

Down

-$117,116

Down $181,251 (-283%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $2,159,623Liabilities 2011: $3,058,754Net Assets 2011: -$899,1312011Assets 2012: $2,082,907Liabilities 2012: $3,055,995Net Assets 2012: -$973,0882012Assets 2013: $1,994,580Liabilities 2013: $3,053,795Net Assets 2013: -$1,059,2152013Assets 2014: $1,886,133Liabilities 2014: $3,054,738Net Assets 2014: -$1,168,6052014Assets 2015: $1,817,071Liabilities 2015: $2,921,541Net Assets 2015: -$1,104,4702015Assets 2016: $1,707,697Liabilities 2016: $2,929,283Net Assets 2016: -$1,221,5862016Assets 2017: $1,626,669Liabilities 2017: $2,932,584Net Assets 2017: -$1,305,9152017Assets 2018: $1,561,229Liabilities 2018: $2,929,600Net Assets 2018: -$1,368,3712018Assets 2019: $1,512,961Liabilities 2019: $2,938,163Net Assets 2019: -$1,425,2022019Assets 2020: $1,485,784Liabilities 2020: $2,947,144Net Assets 2020: -$1,461,3602020Assets 2021: $1,424,624Liabilities 2021: $2,964,808Net Assets 2021: -$1,540,1842021Assets 2022: $1,354,471Liabilities 2022: $2,870,434Net Assets 2022: -$1,515,9632022Assets 2023: $1,289,119Liabilities 2023: $2,886,529Net Assets 2023: -$1,597,4102023Assets 2024: $1,161,367Liabilities 2024: $2,933,286Net Assets 2024: -$1,771,9192024

Highlighted filing

2016

Assets$1,707,697
Liabilities$2,929,283
Net Assets-$1,221,586
Open 2016 Filing

Operations Trend

Revenue Growth8th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $276,8192011Revenue 2012: $206,675Expenses 2012: $280,632Net Income 2012: -$73,9572012Expenses 2013: $286,2182013Revenue 2014: $204,881Expenses 2014: $314,271Net Income 2014: -$109,3902014Revenue 2015: $341,308Expenses 2015: $277,173Net Income 2015: $64,1352015Revenue 2016: $205,022Expenses 2016: $322,138Net Income 2016: -$117,1162016Revenue 2017: $223,022Expenses 2017: $307,351Net Income 2017: -$84,3292017Revenue 2018: $243,240Expenses 2018: $305,696Net Income 2018: -$62,4562018Revenue 2019: $262,119Expenses 2019: $318,950Net Income 2019: -$56,8312019Revenue 2020: $276,848Expenses 2020: $313,006Net Income 2020: -$36,1582020Revenue 2021: $255,274Expenses 2021: $334,098Net Income 2021: -$78,8242021Revenue 2022: $363,110Expenses 2022: $338,889Net Income 2022: $24,2212022Revenue 2023: $272,328Expenses 2023: $353,775Net Income 2023: -$81,4472023Revenue 2024: $464,119Expenses 2024: $659,988Net Income 2024: -$195,8692024

Highlighted filing

2016

Revenue$205,022
Expenses$322,138
Net Income-$117,116
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 10, 2017
Return Version
2015v3.0
Gross Receipts
$205,022
Mission and Program Overview

Mission

To provide affordable housing to very low income elderly persons.

Provide affordable housing to very low-income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,637,309$1,570,895▼ $66,414
Cash and Non-Interest-Bearing Accounts$9,030$3,976▼ $5,054
Prepaid Expenses and Deferred Charges$1,797$2,081▲ $284
Accounts Receivable$15$220▲ $205
Total Assets$1,817,071$1,707,697▼ $109,374
Other Assets Total$168,920$130,525▼ $38,395
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,899,900$2,899,900→ $0
Accounts Payable and Accrued Expenses$7,598$16,122▲ $8,524
Escrow Account Liability$14,043$13,261▼ $782
Total Liabilities$2,921,541$2,929,283▲ $7,742
Net Assets / Fund Balance
Unrestricted Net Assets$-1,104,470$-1,221,586▼ $117,116
Total Net Assets Fund Balance$-1,104,470$-1,221,586▼ $117,116
Total Liabilities and Net Assets / Fund Balance$1,817,071$1,707,697▼ $109,374

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,518,925$1,124,050$2,642,975
Equipment$0$100,795$100,795
Leasehold Improvements$645$95,118$95,763
Land$51,325-$51,325
Other Assets Org$117,127--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Lori NorheimDirectorPT$43,084$43,084

Board Members and Trustees

NameTitle
Craig BromanChairperson
Linda DoerrExecutive Director
Shelly JacobsCFO
Darwin BonnMember
Diane HagemanMember
Dick RuhoffMember
Jim RudolphMember
John SpaniolMember
Nancy FercheMember
Sister Beatrice EiynckMember
Tim FeddemaMember
Jacqueline SchuhSecretary
Maureen GaedyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$199,133
Investment Income
$151
Other Revenue
$5,738
Change in Net Assets
$-117,116

Audited Revenue Reconciliation

Revenue per Audited Statements
$205,022
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$205,022
Total Revenue per Form 990
$205,022
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$290,984
Salaries, Compensation, and Employee Benefits$31,154
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$124,513--$124,513
Depreciation Depletion$66,414--$66,414
Fees for Services Management-$24,480-$24,480
Current Officers, Directors, Trustees, and Key Employees$23,168--$23,168
Fees for Services Accounting-$13,375-$13,375
Other Salaries and Wages$7,986--$7,986
Office Expenses-$7,697-$7,697
Insurance$3,833--$3,833
Advertising-$1,804-$1,804
Other Expenses$1,149$1,965-$1,149
Information Technology-$993-$993
Travel-$123-$123
Interest$121--$121
All Other Expenses-$102-$102
Total Functional Expenses$271,599$50,539$0$322,138

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$322,138
Total Expenses per Audited Statements$322,138
Total Expenses per Form 990$322,138
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
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
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 A, Line 7A

“Per the organization's bylaws, board of directors shall be appointed by the board of directors of the saint cloud hospital. A person employed by the saint cloud hospital or st. Benedict's center may be appointed a director, but such person may not vote.”

Form 990, Part VI, Section B, Line 11

“The 990 will be distributed to all board members via e-mail with directions to direct any questions or clarifications needed to management. The board will be asked to approve the final document.”

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

“The board members are required to review and sign a conflict of interest questionnaire on a bi-annual basis. All staff sign conflict of interest forms on an annual basis. The questionnaires are reviewed by the corporate compliance officer as well as the corporate compliance group (a compliance committee which includes internal members and outside counsel). The responses to the questionnaires are reviewed with the executive committee of the board. The corporate compliance officer is responsible for monitoring conflicts of interest related to board and staff, and to alert affected parties when a conflict arises. When an actual conflict arises, the affected party is asked to recuse him or herself from the decision making process. The corporate compliance officer attends board meetings and specified board committee meetings where conflict issues may arise.”

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

“The manager's compensation is independently reviewed annually with outside comparatives. The most recent fiscal year this was conducted was in fiscal year 2016.”

Form 990, Part VI, Section C, Line 19

“The organization does not make its governing documents, conflict of interest policy, or financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Benet Place South
EIN
41-1894399
Phone
3205298548
Address
1975 15TH AVENUE SE, ST CLOUD, MN 56304

Signing Officer

Name
Shelly Jacobs
Title
Chief Financial Officer
Phone
3205298548
Signed
2017-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Doerr
Formed
1997
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
12

Preparer

Firm
Cliftonlarsonallen Llp
Address
818 SECOND ST SO SUITE 320, WAITE PARK, MN 56387
Preparer
Christine M Stanz
Phone
3202035500
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“The project holds in trust, security deposits advanced by the tenants of the project. The project records these deposits plus 1% simple interest as a liability.”

PART X, LINE 2:

“No provision for income taxes has been made in these financial statements. The project is a non-profit corporation and, therefore, is exempt from federal and state income taxes. The project is not a private foundation and contributions to the project qualify as a charitable deduction by the contributor.”

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IRS990/InsuranceGrp/TotalAmt03833
IRS990/InterestGrp/ProgramServicesAmt0121
IRS990/InterestGrp/TotalAmt0121
IRS990/InvestmentIncomeGrp/ExclusionAmt0151
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0151
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01319963
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01637309
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01570895
IRS990/LandBldgEquipCostOrOtherBssAmt02890858
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE AFFORDABLE HOUSING TO VERY LOW-INCOME ELDERLY PERSONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02899900
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02899900
IRS990/NetAssetsOrFundBalancesBOYAmt0-1104470
IRS990/NetAssetsOrFundBalancesEOYAmt0-1221586
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0124513
IRS990/OccupancyGrp/TotalAmt0124513
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07697
IRS990/OfficeExpensesGrp/TotalAmt07697
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0168920
IRS990/OtherAssetsTotalGrp/EOYAmt0130525
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER ENTITY EXPENSES
IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc2WORKSHOP/EDUCATION
IRS990/OtherExpensesGrp/Desc3LICENSE AND PERMITS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01965
IRS990/OtherExpensesGrp/ProgramServicesAmt032393
IRS990/OtherExpensesGrp/ProgramServicesAmt112022
IRS990/OtherExpensesGrp/ProgramServicesAmt21149
IRS990/OtherExpensesGrp/TotalAmt032393
IRS990/OtherExpensesGrp/TotalAmt112022
IRS990/OtherExpensesGrp/TotalAmt21965
IRS990/OtherExpensesGrp/TotalAmt31149
IRS990/OtherRevenueMiscGrp/BusinessCd0812300
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt03362
IRS990/OtherRevenueMiscGrp/ExclusionAmt12376
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03362
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12376
IRS990/OtherRevenueTotalAmt05738
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07986
IRS990/OtherSalariesAndWagesGrp/TotalAmt07986
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01797
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02081
IRS990/PrincipalOfficerNm0LINDA DOERR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0199133
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0199133
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0135000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0212
IRS990/PYOtherExpensesAmt0247218
IRS990/PYOtherRevenueAmt05936
IRS990/PYProgramServiceRevenueAmt0200160
IRS990/PYRevenuesLessExpensesAmt064135
IRS990/PYSalariesCompEmpBnftPaidAmt029955
IRS990/PYTotalExpensesAmt0277173
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0341308
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-117116
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0199133
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY - 2011 AMOUNT: $ 3,211. 2012 AMOUNT: $ 3,036. 2013 AMOUNT: $ 3,106. 2014 AMOUNT: $ 3,483. 2015 AMOUNT: $ 3,362. MISCELLANEOUS - 2011 AMOUNT: $ 3,289. 2012 AMOUNT: $ 2,073. 2013 AMOUNT: $ 2,432. 2014 AMOUNT: $ 2,453. 2015 AMOUNT: $ 2,376.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0135000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0135000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0151
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0212
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0263
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0433
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0719
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01778
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0199133
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0200160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0199080
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0194549
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0199456
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0992378
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0151
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0212
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0263
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0433
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0719
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01778
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/InvestmentIncomePYPct00.00200
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05738
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05936
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05538
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05109
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06500
IRS990ScheduleA/OtherIncome509Grp/TotalAmt028821
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97340
IRS990ScheduleA/PublicSupportPY509Pct00.94790
IRS990ScheduleA/PublicSupportTotal509Amt01127218
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0160
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0160
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0160
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0160
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0199133
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0335160
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0199080
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0194549
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0199456
IRS990ScheduleA/Total509Grp/TotalAmt01127378
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0205022
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0341308
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0204881
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0200091
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0206675
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01157977
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01518925
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01124050
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02642975
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0100795
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0100795
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0322138
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt051325
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt051325
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0645
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt095118
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt095763
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt013398
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1117127
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1FUNDED RESERVES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0205022
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT HOLDS IN TRUST, SECURITY DEPOSITS ADVANCED BY THE TENANTS OF THE PROJECT. THE PROJECT RECORDS THESE DEPOSITS PLUS 1% SIMPLE INTEREST AS A LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THE PROJECT IS A NON-PROFIT CORPORATION AND, THEREFORE, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE PROJECT IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE PROJECT QUALIFY AS A CHARITABLE DEDUCTION BY THE CONTRIBUTOR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01570895
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0130525
IRS990ScheduleD/TotalExpensesPerForm990Amt0322138

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,707,697
Liabilities
$2,929,283
Net assets
-$1,221,586
Revenue
$205,022
Expenses
$322,138
Net income
-$117,116
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.16$2.93$1.77$0.46$0.66$0.20
2023Detailed filing. Detailed filing data is available for this year.$1.29$2.89$1.60$0.27$0.35$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.35$2.87$1.52$0.36$0.34$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.42$2.96$1.54$0.26$0.33$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.49$2.95$1.46$0.28$0.31$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.51$2.94$1.43$0.26$0.32$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.56$2.93$1.37$0.24$0.31$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.63$2.93$1.31$0.22$0.31$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.71$2.93$1.22$0.21$0.32$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.82$2.92$1.10$0.34$0.28$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.89$3.05$1.17$0.20$0.31$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$3.05$1.06$0.29
2012Summary only. Only limited summary data is available for this year.$2.08$3.06$0.97$0.21$0.28$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$3.06$0.90$0.28