Civic Intelligence

Luther Crest Inc Co Homz Management

EIN 42-1492887 • 501(c)3 • Bettendorf, IA

Profile

To provide affordable living for low-income senior citizens

3118 Devils Glen RoadBettendorf, IA 52722

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.10x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

18th percentile

-15%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

21st percentile

-6.7%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

9.5%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,682,709

Down $191,538 (-6.7%) from 2023

Liabilities

Down

$50,676

Down $115,683 (-70%) from 2023

Net Assets

Down

$2,632,033

Down $75,855 (-2.8%) from 2023

Revenue

Up

$515,196

Up $44,756 (+9.5%) from 2023

Expenses

Down

$591,051

Down $21,663 (-3.5%) from 2023

Net Income

Up

-$75,855

Up $66,419 (+47%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $4,411,688Liabilities 2010: $41,754Net Assets 2010: $4,369,9342010Assets 2011: $4,307,648Liabilities 2011: $44,132Net Assets 2011: $4,263,5162011Assets 2012: $4,205,105Liabilities 2012: $47,371Net Assets 2012: $4,157,7342012Assets 2013: $4,084,023Liabilities 2013: $43,946Net Assets 2013: $4,040,0772013Assets 2014: $3,985,107Liabilities 2014: $57,326Net Assets 2014: $3,927,7812014Assets 2015: $3,854,758Liabilities 2015: $113,895Net Assets 2015: $3,740,8632015Assets 2016: $3,727,644Liabilities 2016: $115,529Net Assets 2016: $3,612,1152016Assets 2017: $3,527,785Liabilities 2017: $52,504Net Assets 2017: $3,475,2812017Assets 2018: $3,426,707Liabilities 2018: $55,529Net Assets 2018: $3,371,1782018Assets 2019: $3,328,067Liabilities 2019: $53,641Net Assets 2019: $3,274,4262019Assets 2020: $3,208,300Liabilities 2020: $59,138Net Assets 2020: $3,149,1622020Assets 2021: $3,063,865Liabilities 2021: $70,631Net Assets 2021: $2,993,2342021Assets 2022: $2,931,887Liabilities 2022: $81,725Net Assets 2022: $2,850,1622022Assets 2023: $2,874,247Liabilities 2023: $166,359Net Assets 2023: $2,707,8882023Assets 2024: $2,682,709Liabilities 2024: $50,676Net Assets 2024: $2,632,0332024

Highlighted filing

2024

Assets$2,682,709
Liabilities$50,676
Net Assets$2,632,033

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $407,9042010Revenue 2011: $304,372Expenses 2011: $410,790Net Income 2011: -$106,4182011Expenses 2012: $412,8422012Revenue 2013: $309,379Expenses 2013: $427,036Net Income 2013: -$117,6572013Revenue 2014: $325,942Expenses 2014: $438,238Net Income 2014: -$112,2962014Revenue 2015: $325,750Expenses 2015: $512,668Net Income 2015: -$186,9182015Revenue 2016: $331,066Expenses 2016: $459,814Net Income 2016: -$128,7482016Revenue 2017: $346,775Expenses 2017: $483,609Net Income 2017: -$136,8342017Revenue 2018: $380,042Expenses 2018: $484,145Net Income 2018: -$104,1032018Revenue 2019: $400,606Expenses 2019: $497,358Net Income 2019: -$96,7522019Revenue 2020: $403,640Expenses 2020: $528,904Net Income 2020: -$125,2642020Revenue 2021: $405,832Expenses 2021: $561,760Net Income 2021: -$155,9282021Revenue 2022: $422,550Expenses 2022: $565,622Net Income 2022: -$143,0722022Revenue 2023: $470,440Expenses 2023: $612,714Net Income 2023: -$142,2742023Revenue 2024: $515,196Expenses 2024: $591,051Net Income 2024: -$75,8552024

Highlighted filing

2024

Revenue$515,196
Expenses$591,051
Net Income-$75,855

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$0.05$2.63$0.52$0.59$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.87$0.17$2.71$0.47$0.61$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.93$0.08$2.85$0.42$0.57$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.06$0.07$2.99$0.41$0.56$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.21$0.06$3.15$0.40$0.53$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.05$3.27$0.40$0.50$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.06$3.37$0.38$0.48$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$0.05$3.48$0.35$0.48$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.73$0.12$3.61$0.33$0.46$0.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$0.11$3.74$0.33$0.51$0.19
2014Detailed filing. Detailed filing data is available for this year.$3.99$0.06$3.93$0.33$0.44$0.11
2013Detailed filing. Detailed filing data is available for this year.$4.08$0.04$4.04$0.31$0.43$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.21$0.05$4.16$0.41
2011Summary only. Only limited summary data is available for this year.$4.31$0.04$4.26$0.30$0.41$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$0.04$4.37$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 10, 2025
Return Version
2024v5.1
Gross Receipts
$515,196
Mission and Program Overview

Mission

To provide elderly or disabled persons with housing facilities and services specially designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness and usefulness in longer living.

Provide affordable housing for low-income senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,670,985$2,525,031▼ $145,954
Cash and Non-Interest-Bearing Accounts$79,322$16,966▼ $62,356
Prepaid Expenses and Deferred Charges$27,883$1,968▼ $25,915
Accounts Receivable$1,655$1,609▼ $46
Total Assets$2,874,247$2,682,709▼ $191,538
Other Assets Total$94,402$137,135▲ $42,733
Liabilities
Other Liabilities$30,004$31,460▲ $1,456
Accounts Payable and Accrued Expenses$135,630$19,144▼ $116,486
Deferred Revenue$725$72▼ $653
Total Liabilities$166,359$50,676▼ $115,683
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,132,800$5,132,800→ $0
Net Assets Without Donor Restrictions$-2,424,912$-2,500,767▼ $75,855
Total Net Assets Fund Balance$2,707,888$2,632,033▼ $75,855
Total Liabilities and Net Assets / Fund Balance$2,874,247$2,682,709▼ $191,538

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,206,215$3,039,276$5,245,491
Land$290,000-$290,000
Equipment$2,748$96,432$99,180
Other Land Buildings$26,068$21,888$47,956
Other Assets Org$81,724--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$514,710
Investment Income
$486
Other Revenue
$0
Change in Net Assets
$-75,855

Audited Revenue Reconciliation

Revenue per Audited Statements
$515,196
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$515,196
Total Revenue per Form 990
$515,196
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$436,858
Salaries, Compensation, and Employee Benefits$154,193
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$145,954--$145,954
Other Salaries and Wages$135,053--$135,053
Occupancy$82,651--$82,651
Fees for Services Management-$57,661-$57,661
Insurance$30,167$412-$30,579
Fees for Services Accounting-$17,255-$17,255
Payroll Taxes$11,343--$11,343
Other Employee Benefits$7,797--$7,797
Office Expenses$6,792--$6,792
Information Technology$6,762--$6,762
Fees for Services Legal-$1,887-$1,887
Advertising$1,673--$1,673
Other Expenses$902$3,432-$902
All Other Expenses$595--$595
Travel-$42-$42
Total Functional Expenses$510,362$80,689$0$591,051

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$591,051
Total Expenses per Audited Statements$591,051
Total Expenses per Form 990$591,051
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
Tenant Security Deposits$31,460
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Shari schledewitz, director, and craig schledewitz, director, are married. Brenda sehmann, director, and rolly sehmann, director, are married.

Form 990, Part VI, Section A, Line 3

The organization delegated control over management duties to young management corporation. The management company specializes in providing marketing, rental, collections, maintenance and repair, as well as other services for housing projects.

Form 990, Part VI, Section A, Line 6

A member of the corporation is any qualified congregation that elects to participate in conducting the affairs of the corporation by selecting at least one (1) voting delegate to represent such qualified congregation in conducting the corporation's affairs. Subject to the conditions of these by-laws, a qualified congregation may select its voting delegate(s) to represent the qualified congregation in any manner as that qualified congregation deems appropriate. A qualified congregation shall not be a member of the corporation unless it selects one or more voting delegates to represent the congregation in conducting the corporation's affairs, and notifies the corporation's board of such selection as provided herein. A qualified corporation is eligible to be a member of the corporation, but is not necessarily a member of the corporation. A statement of the names and addresses of the qualified congregations, as taken from the records of the southeast iowa synod of the elca as of the date of adoption of these by-laws. The statement separately identities qualified congregations that are not members of the corporation at the time these by-laws are adopted.

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

The board of directors of each corporation shall consist of not more than fifteen (15) directors. The voting delegates may determine and change the number of director positions that are available to be filled from time to time. Each voting delegate shall be entitled to nominate for election, one or more persons to serve as board member(s) by submitting the name(s) and address(es) of the nominee(s) that the voting delegate desires to serve on the board. A member congregation (qualified congregation with at least one current voting delegate) may have more than one board member, and can nominate more than one person to serve on the board. Until changed by the voting delegates, the projects board shall have fifteen (15) positions. If one or more vacancies occur, the projects board shall consist of the number of established board positions less the number of vacancies until the vacancies are filled as provided herein.

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

The form 990, with all applicable schedules, is reviewed by the board of directors before it is filed with the internal revenue service.

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

Each year, all members of the board review the conflict of interest policy and procurement policy, which expands on the conflict of interest procedures.

Form 990, Part VI, Section C, Line 19

Luther crest, inc. Makes its governing documents, conflict of interest policy and financial statements available to the public upon request. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.

Filing and Contact Details

Filer

Filer Name
Luther Crest Inc
EIN
42-1492887
Phone
8167793131
Address
3118 DEVILS GLEN ROAD, BETTENDORF, IA 52722

Signing Officer

Name
Nancy Beaderstadt
Title
President
Phone
8167793131
Signed
2025-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Beaderstadt
Formed
1999
Legal Domicile
Ia
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
10

Preparer

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

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 organization has 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 implementation had no impact on the organization's statement of financial position or statement of activities. The organization does not believe its financial statements include any uncertain tax positions and that no income taxes are due for its activities. Therefore, no provision for income taxes is included in the financial statements.

Raw XML AppendixShowing 400 of 564 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/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/FormationYr01999
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
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IRS990/GrossReceiptsAmt0515196
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt06762
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IRS990/InsuranceGrp/TotalAmt030579
IRS990/InvestmentIncomeGrp/ExclusionAmt0486
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0486
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03157596
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02670985
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02525031
IRS990/LandBldgEquipCostOrOtherBssAmt05682627
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02707888
IRS990/NetAssetsOrFundBalancesEOYAmt02632033
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-2424912
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2500767
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt082651
IRS990/OccupancyGrp/TotalAmt082651
IRS990/OfficeExpensesGrp/ProgramServicesAmt06792
IRS990/OfficeExpensesGrp/TotalAmt06792
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt094402
IRS990/OtherAssetsTotalGrp/EOYAmt0137135
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07797
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07797
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/Desc3OTHER RENTING EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03432
IRS990/OtherExpensesGrp/ProgramServicesAmt052230
IRS990/OtherExpensesGrp/ProgramServicesAmt128443
IRS990/OtherExpensesGrp/ProgramServicesAmt2902
IRS990/OtherExpensesGrp/TotalAmt052230
IRS990/OtherExpensesGrp/TotalAmt128443
IRS990/OtherExpensesGrp/TotalAmt23432
IRS990/OtherExpensesGrp/TotalAmt3902
IRS990/OtherLiabilitiesGrp/BOYAmt030004
IRS990/OtherLiabilitiesGrp/EOYAmt031460
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0135053
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt011343
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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027883
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01968
IRS990/PrincipalOfficerNm0NANCY BEADERSTADT
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IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18455
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18455
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE SERVICE TO ENHANCE THE QUALITY OF LIVING OF THE RESIDENTS.
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-75855
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt015
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0514710
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt03039276
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IRS990ScheduleD/EquipmentGrp/BookValueAmt02748
IRS990ScheduleD/EquipmentGrp/DepreciationAmt096432
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt099180
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt123715
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt281724
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INSURANCE RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021888
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt047956
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleD/RevenueSubtotalAmt0515196
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS 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 IMPLEMENTATION HAD NO IMPACT ON THE ORGANIZATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0515196
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0591051
IRS990/ScheduleJRequiredInd00

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