Civic Intelligence

Palestine Gardens Inc.

990 • Fiscal year 2016 • EIN 43-1259971

Jan 01, 2016 to Dec 31, 2016 • Filed on May 12, 2017

Organization Profileliveatpalestinegardens.com
2627 East 33rd StreetKansas City, MO 64128

(816) 921-0140

Siviq Scores

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

Liabilities / Assets

96th percentile

1.46x

Higher debt load relative to assets than 96% of similar nonprofits.

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

Liabilities / Revenue

93rd percentile

3.23x

Higher debt load relative to revenue than 93% of similar nonprofits.

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

Net Margin

51st percentile

2.3%

Higher net margin than 51% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

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

Asset Growth

45th percentile

0.1%

Faster asset growth than 45% of similar nonprofits.

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

Revenue Growth

80th percentile

24%

Faster revenue growth than 80% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$1,237,902

Up $1,244 (+0.1%) from 2015

Net Assets

Up

-$574,126

Up $12,824 (+2.2%) from 2015

Liabilities

Down

$1,812,028

Down $11,580 (-0.6%) from 2015

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin51st percentile

Revenue

Up

$561,434

Up $110,054 (+24%) from 2015

Expenses

Up

$548,610

Up $45,173 (+9.0%) from 2015

Net Income

Up

$12,824

Up $64,881 (+125%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2010: $1,511,489Liabilities 2010: $1,893,470Net Assets 2010: -$381,9812010Assets 2011: $1,466,114Liabilities 2011: $1,889,948Net Assets 2011: -$423,8342011Assets 2012: $1,424,928Liabilities 2012: $1,863,603Net Assets 2012: -$438,6752012Assets 2013: $1,387,575Liabilities 2013: $1,850,818Net Assets 2013: -$463,2432013Assets 2014: $1,310,084Liabilities 2014: $1,844,977Net Assets 2014: -$534,8932014Assets 2015: $1,236,658Liabilities 2015: $1,823,608Net Assets 2015: -$586,9502015Assets 2016: $1,237,902Liabilities 2016: $1,812,028Net Assets 2016: -$574,1262016Assets 2017: $1,159,995Liabilities 2017: $1,775,436Net Assets 2017: -$615,4412017Assets 2018: $902,392Liabilities 2018: $1,661,077Net Assets 2018: -$758,6852018Assets 2019: $795,213Liabilities 2019: $1,696,360Net Assets 2019: -$901,1472019Assets 2020: $758,081Liabilities 2020: $1,622,202Net Assets 2020: -$864,1212020Assets 2021: $730,777Liabilities 2021: $1,619,377Net Assets 2021: -$888,6002021Assets 2022: $692,973Liabilities 2022: $1,638,780Net Assets 2022: -$945,8072022Assets 2023: $1,968,314Liabilities 2023: $0Net Assets 2023: $1,968,3142023Assets 2024: $1,987,997Liabilities 2024: $0Net Assets 2024: $1,987,9972024

Highlighted filing

2016

Assets$1,237,902
Liabilities$1,812,028
Net Assets-$574,126
Open 2016 Filing

Operations Trend

Revenue Growth80th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $461,0432010Expenses 2011: $487,5232011Expenses 2012: $458,7392012Revenue 2013: $452,342Expenses 2013: $476,910Net Income 2013: -$24,5682013Revenue 2014: $448,382Expenses 2014: $520,032Net Income 2014: -$71,6502014Revenue 2015: $451,380Expenses 2015: $503,437Net Income 2015: -$52,0572015Revenue 2016: $561,434Expenses 2016: $548,610Net Income 2016: $12,8242016Revenue 2017: $463,862Expenses 2017: $505,177Net Income 2017: -$41,3152017Revenue 2018: $459,185Expenses 2018: $602,429Net Income 2018: -$143,2442018Revenue 2019: $482,856Expenses 2019: $625,318Net Income 2019: -$142,4622019Revenue 2020: $490,452Expenses 2020: $453,426Net Income 2020: $37,0262020Revenue 2021: $431,938Expenses 2021: $456,417Net Income 2021: -$24,4792021Revenue 2022: $397,237Expenses 2022: $454,444Net Income 2022: -$57,2072022Revenue 2023: $3,032,709Expenses 2023: $118,588Net Income 2023: $2,914,1212023Revenue 2024: $19,683Expenses 2024: $0Net Income 2024: $19,6832024

Highlighted filing

2016

Revenue$561,434
Expenses$548,610
Net Income$12,824
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 12, 2017
Return Version
2016v3.0
Gross Receipts
$561,434
Mission and Program Overview

Mission

Taxpayer operates a 58 unit apartment complex for the elderly in Kansas City, Missouri. The apartment complex is operated pursuant to Section 202 of the National Housing Act and is regulated by the U.S. Department of Housing anf Urban Development.

Taxpayer operates a 58 unit apartment complex for the elderly in Kansas City, Missouri.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$878,984$897,240▲ $18,256
Savings and Temporary Cash Investments$236,871$224,087▼ $12,784
Prepaid Expenses and Deferred Charges$21,576$23,896▲ $2,320
Accounts Receivable$5,779$3,400▼ $2,379
Cash and Non-Interest-Bearing Accounts$2,071$1,098▼ $973
Total Assets$1,236,658$1,237,902▲ $1,244
Other Assets Total$91,377$88,181▼ $3,196
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,754,919$1,727,870▼ $27,049
Accounts Payable and Accrued Expenses$55,519$69,899▲ $14,380
Escrow Account Liability$12,512$13,074▲ $562
Deferred Revenue$658$1,185▲ $527
Total Liabilities$1,823,608$1,812,028▼ $11,580
Net Assets / Fund Balance
Unrestricted Net Assets$-586,950$-574,126▲ $12,824
Total Net Assets Fund Balance$-586,950$-574,126▲ $12,824
Total Liabilities and Net Assets / Fund Balance$1,236,658$1,237,902▲ $1,244

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$609,366$1,230,882$1,840,248
Land$282,339-$282,339
Equipment$5,535$45,262$50,797
Other Assets Org$88,181--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Ernest GrahamChairman
Wendell JonesVice Chairman
Derrick SmithDirector
Donald MaxwellDirector
Glynnis ByersDirector
Harold WhiteDirector
James SmithDirector
Melvin GrossDirector
Rick AbelDirector
Rhonda Iverson-mcallisterSecretary
Edwynne SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$35,375
Program Service Revenue
$525,765
Investment Income
$294
Other Revenue
$0
Change in Net Assets
$12,824

Audited Revenue Reconciliation

Revenue per Audited Statements
$561,434
Revenue Not Reported on Form 990
$7,912
Total Revenue per Audited Statements
$569,346
Total Revenue per Form 990
$561,434
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$548,610
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$82,233$9,137-$91,370
Occupancy$68,166$7,574-$75,740
Depreciation Depletion$46,634$5,182-$51,816
Other Expenses$29,801$9,538-$29,801
Fees for Services Management$11,484$11,484-$22,968
Fees for Services Accounting-$13,620-$13,620
All Other Expenses$1,349$10,406-$11,755
Insurance$7,048$783-$7,831
Office Expenses$7,606--$7,606
Conferences and Meetings-$1,974-$1,974
Fees for Services Legal$988--$988
Advertising$987--$987
Total Functional Expenses$450,096$98,514$0$548,610

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$556,522
Expenses per Audited Statements$548,610
Total Expenses per Form 990$548,610
Expenses Not Reported on Form 990$7,912
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 3

“The organization employs a management company to oversee the day-to-day rental operation and file periodic financial and management repots with regulatory agencies and the board of directors.”

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

“The tax return is prepared by the independent accounting firm that performed the financial and compliance audit of the Organizations financial statements. The preparer reviewed the Form 990 tax return with the board of directors prior to filing.”

Form 990, Part VI, Section C, Line 19

“These documents are maintained at the Organizations corporate office see mailing address and made available to requesting parties at no charge.”

Filing and Contact Details

Filer

Filer Name
Palestine Gardens Inc
EIN
43-1259971
Phone
8169210140
Address
2627 EAST 33RD STREET, KANSAS CITY, MO 64128

Signing Officer

Name
Ernest Graham
Title
Chairman
Signed
2017-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendell Jones
Formed
1988
Legal Domicile
Mo
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Welch & Associates LLC
Address
920 Main Sreet Suite 640, Kansas City, MO 64105
Preparer
Brian D Welch
Phone
8167562620
Supplemental Narrative

Financial Statement Notes

IV 2B

“The Organization collects security deposits from its resident tenants that are refundable/retained at the time the tenant moves out depending on any outstanding charges owed by tenant.”

X 2

“The Organization accounts for uncertain tax positions in accordance with the provision of FASB Codification Topic 740, Income Taxes. topic 740 clarifies the accounting and recognition for income tax positions taken or expected to be taken in the Organizations income tax returns. Under Topic 740, the Organization is required to report information regarding its exposure to various tax positions taken by the Organization. As of December 31, 2016 and 2015, management believes the Organizations tax status to be that of a not-for-profit entity and therefore, has made the decision to classify the Organization as tax exempt. Management has reviewed all sources of revenue and does not believe the Organization to be subject to income tax on unrelated business income. The Organization did not record any interest or penalties in the statement of operation or statement of financial position as of and during the years ended December 31 2016 and 2015. Tax returns filed for the years ended December 31, 2013 through 2015 remain subject to examination by the Internal Revenue Service.”

XI 2D

“Rent free unit provided to on-site manager is shown as an expense in the audited financial statements. In this tax return the cost of the rent free unit is shown as a reduction in rental income.”

XII 2D

“See explanation for Part XI, line 2d”

Raw XML AppendixShowing 400 of 530 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt055519
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt069899
IRS990/AccountsReceivableGrp/BOYAmt05779
IRS990/AccountsReceivableGrp/EOYAmt03400
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Taxpayer operates a 58 unit apartment complex for the elderly in Kansas City, Missouri.
IRS990/AdvertisingGrp/ProgramServicesAmt0987
IRS990/AdvertisingGrp/TotalAmt0987
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt010406
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01349
IRS990/AllOtherExpensesGrp/TotalAmt011755
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0YARCO COMPANY INC
IRS990/BooksInCareOfDetail/PhoneNum08165614240
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07920 WARD PARKWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0KANSAS CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd064114
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02071
IRS990/CashNonInterestBearingGrp/EOYAmt01098
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01974
IRS990/ConferencesMeetingsGrp/TotalAmt01974
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt035375
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0294
IRS990/CYOtherExpensesAmt0548610
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0525765
IRS990/CYRevenuesLessExpensesAmt012824
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0548610
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0561434
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0658
IRS990/DeferredRevenueGrp/EOYAmt01185
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt05182
IRS990/DepreciationDepletionGrp/ProgramServicesAmt046634
IRS990/DepreciationDepletionGrp/TotalAmt051816
IRS990/Desc0Taxpayer operated a 58 unit apartment complex in Kansas City, Missouri pursant to Section 202 of the National Housing Act. Average residents per month-58.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt012512
IRS990/EscrowAccountLiabilityGrp/EOYAmt013074
IRS990/ExpenseAmt0412321
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013620
IRS990/FeesForServicesAccountingGrp/TotalAmt013620
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0988
IRS990/FeesForServicesLegalGrp/TotalAmt0988
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt011484
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt011484
IRS990/FeesForServicesManagementGrp/TotalAmt022968
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt0001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt4001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt5001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt6001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt7001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt8001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt9001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10001.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0ERNEST GRAHAM
IRS990/Form990PartVIISectionAGrp/PersonNm1WENDELL JONES
IRS990/Form990PartVIISectionAGrp/PersonNm2EDWYNNE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm3RHONDA IVERSON-MCALLISTER
IRS990/Form990PartVIISectionAGrp/PersonNm4MELVIN GROSS
IRS990/Form990PartVIISectionAGrp/PersonNm5DONALD MAXWELL
IRS990/Form990PartVIISectionAGrp/PersonNm6GLYNNIS BYERS
IRS990/Form990PartVIISectionAGrp/PersonNm7RICK ABEL
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMES SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm9HAROLD WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm10DERRICK SMITH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt035375
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0561434
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0783
IRS990/InsuranceGrp/ProgramServicesAmt07048
IRS990/InsuranceGrp/TotalAmt07831
IRS990/InterestGrp/ManagementAndGeneralAmt09137
IRS990/InterestGrp/ProgramServicesAmt082233
IRS990/InterestGrp/TotalAmt091370
IRS990/InvestmentIncomeGrp/ExclusionAmt0294
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0294
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01276144
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0878984
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0897240
IRS990/LandBldgEquipCostOrOtherBssAmt02173384
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Taxpayer operates a 58 unit apartment complex for the elderly in Kansas City, Missouri. The apartment complex is operated pursuant to Section 202 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01754919
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01727870
IRS990/NetAssetsOrFundBalancesBOYAmt0-586950
IRS990/NetAssetsOrFundBalancesEOYAmt0-574126
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt07574
IRS990/OccupancyGrp/ProgramServicesAmt068166
IRS990/OccupancyGrp/TotalAmt075740
IRS990/OfficeExpensesGrp/ProgramServicesAmt07606
IRS990/OfficeExpensesGrp/TotalAmt07606
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt091377
IRS990/OtherAssetsTotalGrp/EOYAmt088181
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Management company reimbursed expenses
IRS990/OtherExpensesGrp/Desc1Operating/Maintenance expenses
IRS990/OtherExpensesGrp/Desc2Service Coordinator expense
IRS990/OtherExpensesGrp/Desc3Net Book Value on assets damaged by fire
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt028816
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19538
IRS990/OtherExpensesGrp/ProgramServicesAmt070151
IRS990/OtherExpensesGrp/ProgramServicesAmt185874
IRS990/OtherExpensesGrp/ProgramServicesAmt237775
IRS990/OtherExpensesGrp/ProgramServicesAmt329801
IRS990/OtherExpensesGrp/TotalAmt098967
IRS990/OtherExpensesGrp/TotalAmt195412
IRS990/OtherExpensesGrp/TotalAmt237775
IRS990/OtherExpensesGrp/TotalAmt329801
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021576
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023896
IRS990/PrincipalOfficerNm0Wendell Jones
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental and ancillary Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0525765
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0525765
IRS990/ProgSrvcAccomActy2Grp/Desc0Taxpayer also provides various social services and activities for its residents and the surrounding community specific services/activities include 1 mobile post office, 2 guest speakers and workshops on health and nutritional issues, and 3 other cultural/educational/artistic outing and activities. Approximate numbers served are 330 per month.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt037775
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt037320
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0313
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0503437
IRS990/PYProgramServiceRevenueAmt0413747
IRS990/PYRevenuesLessExpensesAmt0-52057
IRS990/PYTotalExpensesAmt0503437
IRS990/PYTotalRevenueAmt0451380
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt012824
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0525765
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0236871
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0224087
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt035375
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt037320
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt033911
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt030046
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt03728
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0140380
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0294
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0313
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0351
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0358
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01502
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02818
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0525765
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0413747
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0414120
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0421938
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0438668
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02214238
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0294
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0313
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0351
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0358
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01502
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02818
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.44070
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01038938
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0286935
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0266441
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0267631
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0255237
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0239436
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01315680
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0286935
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0266441
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0267631
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0255237
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0239436
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01315680
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0561140
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0451067
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0448031
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0451984
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0442396
IRS990ScheduleA/Total509Grp/TotalAmt02354618
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0561434
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0451380
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0448382
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0452342
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0443898
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02357436
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/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0609366
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01230882
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01840248
IRS990ScheduleD/EquipmentGrp/BookValueAmt05535
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045262
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt050797
IRS990ScheduleD/ExpensesNotReportedAmt07912
IRS990ScheduleD/ExpensesSubtotalAmt0548610
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0282339
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0282339
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt088181
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOAN ORIGINATION COSTS
IRS990ScheduleD/OtherExpensesIncludedAmt07912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherRevenueAmt07912
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt07912
IRS990ScheduleD/RevenueSubtotalAmt0561434
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization collects security deposits from its resident tenants that are refundable/retained at the time the tenant moves out depending on any outstanding charges owed by tenant.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Organization accounts for uncertain tax positions in accordance with the provision of FASB Codification Topic 740, Income Taxes. topic 740 clarifies the accounting and recognition for income tax positions taken or expected to be taken in the Organizations income tax returns. Under Topic 740, the Organization is required to report information regarding its exposure to various tax positions taken by the Organization. As of December 31, 2016 and 2015, management believes the Organizations tax status to be that of a not-for-profit entity and therefore, has made the decision to classify the Organization as tax exempt. Management has reviewed all sources of revenue and does not believe the Organization to be subject to income tax on unrelated business income. The Organization did not record any interest or penalties in the statement of operation or statement of financial position as of and during the years ended December 31 2016 and 2015. Tax returns filed for the years ended December 31, 2013 through 2015 remain subject to examination by the Internal Revenue Service.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rent free unit provided to on-site manager is shown as an expense in the audited financial statements. In this tax return the cost of the rent free unit is shown as a reduction in rental income.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3See explanation for Part XI, line 2d

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,237,902
Liabilities
$1,812,028
Net assets
-$574,126
Revenue
$561,434
Expenses
$548,610
Net income
$12,824
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.02$0.00$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.97$0.00$1.97$3.03$0.12$2.91
2022Detailed filing. Detailed filing data is available for this year.$0.69$1.64$0.95$0.40$0.45$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.73$1.62$0.89$0.43$0.46$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.76$1.62$0.86$0.49$0.45$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.80$1.70$0.90$0.48$0.63$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.90$1.66$0.76$0.46$0.60$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.16$1.78$0.62$0.46$0.51$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.24$1.81$0.57$0.56$0.55$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.24$1.82$0.59$0.45$0.50$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.31$1.84$0.53$0.45$0.52$0.07
2013Detailed filing. Detailed filing data is available for this year.$1.39$1.85$0.46$0.45$0.48$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$1.86$0.44$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$1.89$0.42$0.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$1.89$0.38$0.46