Victory Court Inc

990 • Fiscal year 2016 • EIN 45-2954541

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 08, 2016

Organization Profile N/A

11400 Rockville Pike /Rockville, MD 20852

(301) 493-6000

Siviq Scores

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

0.60x

Higher debt load relative to assets than 78% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

7.09x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

-19%

Higher net margin than 12% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

$365,893

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 25.7% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

-7.1%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

1.3%

Faster revenue growth than 44% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / Assets78th percentile

Assets

Down

$16,769,866

Down $1,275,190 (-7.1%) from 2015

Net Assets

Down

$6,653,940

Down $269,245 (-3.9%) from 2015

Liabilities

Down

$10,115,926

Down $1,005,945 (-9.0%) from 2015

Revenue And Expenses

Liabilities / Revenue95th percentile Net Margin12th percentile

Revenue

$1,426,248

Up $18,415 (+1.3%) from 2015

Expenses

$1,695,493

Up $45,861 (+2.8%) from 2015

Net Income

Down

-$269,245

Down $27,446 (-11%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

Highlighted filing

2016

Assets$16,769,866

Liabilities$10,115,926

Net Assets$6,653,940

Open 2016 Filing

Operations Trend

Revenue Growth44th percentile

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

Highlighted filing

2016

Revenue$1,426,248

Expenses$1,695,493

Net Income-$269,245

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2015 to Jun 30, 2016
Signed: Nov 8, 2016
Return Version: 2015v2.0
Gross Receipts: $1,426,248

Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$16,140,997	$15,513,695	▼ $627,302
Intangible Assets	$467,667	$430,758	▼ $36,909
Savings and Temporary Cash Investments	$941,558	$284,865	▼ $656,693
Prepaid Expenses and Deferred Charges	$56	$8,844	▲ $8,788
Accounts Receivable	$9,583	$3,404	▼ $6,179
Cash and Non-Interest-Bearing Accounts	-	$0	-
Other Notes and Loans Receivable, Net	-	$0	-
Pledges and Grants Receivable	-	$0	-
Receivable From Disqualified Prsn	-	$0	-
Receivables From Officers Etc	-	$0	-
Investments Other Securities	-	$0	-
Investments Program Related	-	$0	-
Investments in Publicly Traded Securities	-	$0	-
Inventories for Sale or Use	-	$0	-
Total Assets	$18,045,056	$16,769,866	▼ $1,275,190
Other Assets Total	$485,195	$528,300	▲ $43,105
Liabilities
Mortgage Notes Payable Secured by Investment Property	$10,038,146	$9,955,079	▼ $83,067
Other Liabilities	$1,064,164	$138,403	▼ $925,761
Accounts Payable and Accrued Expenses	$17,772	$20,647	▲ $2,875
Deferred Revenue	$1,789	$1,797	▲ $8
Total Liabilities	$11,121,871	$10,115,926	▼ $1,005,945
Net Assets / Fund Balance
Unrestricted Net Assets	$6,923,185	$6,653,940	▼ $269,245
Total Net Assets Fund Balance	$6,923,185	$6,653,940	▼ $269,245
Total Liabilities and Net Assets / Fund Balance	$18,045,056	$16,769,866	▼ $1,275,190

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$11,990,769	$855,719	$12,846,488
Leasehold Improvements	$1,614,353	$345,699	$1,960,052
Land	$1,522,694	-	$1,522,694
Other Land Buildings	$374,403	$427,890	$802,293
Equipment	$11,476	$14,128	$25,604

Compensation and Service Providers

Top Officer Pay85th percentile

Board Members and Trustees

Name	Title
Paul E Johnson Jr	Chairman
James a Brown Jr	President
John D Spencer	Vice President
Eric Simontis	Director
Most Rev Barry Knestout	Director
Rev Msgr Ralph Kuehner	Director
Jeffrey Blackwell	Asst Secretary
KATHLEEN McWILLIAMS	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $1,426,146
Investment Income: $102
Other Revenue: $0
Change in Net Assets: $-269,245

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$1,541,330
Salaries, Compensation, and Employee Benefits	$154,163
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Depreciation Depletion	$653,402	-	-	$653,402
Interest	$410,700	-	-	$410,700
Other Salaries and Wages	$105,993	-	-	$105,993
All Other Expenses	$78,826	-	-	$78,826
Fees for Services Management	-	$55,776	-	$55,776
Other Employee Benefits	$35,602	-	-	$35,602
Other Expenses	$27,333	-	-	$27,333
Advertising	$15,064	-	-	$15,064
Payroll Taxes	$12,568	-	-	$12,568
Fees for Services Accounting	-	$9,500	-	$9,500
Office Expenses	$9,358	-	-	$9,358
Fees for Services Legal	$3,584	-	-	$3,584
Travel	$3,356	-	-	$3,356
Total Functional Expenses	$1,630,217	$65,276	$0	$1,695,493

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Insider Transactions and Loans

Loans and Receivables

Line Item	Beginning	End	Change
Receivables from Disqualified Persons	-	$0	-
Receivables from Officers, Directors, Trustees, and Key Employees	-	$0	-

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
Andrew Kim House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Avondale Park Apartments Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Bartholomew House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Byron House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Cambridge Apartments Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Ccs Housing Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Cheval Court Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Grace House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Malta House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Manor Apartments Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Marian Assisted Living Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Palmer Park Seniors Housing Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Raphael Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Rollingcrest Commons Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Takoma Tower Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Trinity Terrace Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Brookside Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Court Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Crest Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Heights Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Housing Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Lakeside Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Oaksinc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Terrace Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Winslow House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
Covenant Village Gp	Germantown, MD	Real Estate	-	-	25%	Yes
Covenant Village Lp	Germantown, MD	Real Estate	-	-	0.01%	Yes
Hampshire Village Assoc Lp	Rockville, MD	Real Estate	-	-	0.00%	Yes
Parkside Seniorlp	Rockville, MD	Real Estate	-	-	0.01%	Yes
St Martins Apartments Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Takoma Tower Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Crossing Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Forest Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory La Plata Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Terrace Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Woods LLC	Rockville, MD	Real Estate	-	-	0.01%	Yes

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Ccs - St Martins Apartments LLC	Rockville, MD	Real Estate	-	-	Victory Hsg
Parkfair Associates LLC	Rockville, MD	Real Estate	-	-	Victory Entr
Victory Enterprises Inc	Rockville, MD	Real Estate	-	-	Victory Hsg
Victory-hampshire LLC	Rockville, MD	Real Estate	-	-	Victory Hsg

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Development Fee Payable	$109,415
Resident Security Deposits	$25,917
Long-term Deferred Income	$3,071

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Audit committee: No
Backup withholding compliance: 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: No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Draft of form 990 is provided to board members for review and approval prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name: Victory Court Inc
EIN: 45-2954541
Phone: 3014936000
Address: 11400 ROCKVILLE PIKE /, ROCKVILLE, MD 20852

Signing Officer

Name: James A Brown Jr
Title: President
Signed: 2016-11-08

Organization Details

Principal Officer: James a Brown Jr
Formed: 2011
Legal Domicile: Md
Voting Board Members: 3
Independent Board Members: 3
Employees: 0

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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/IRPDocumentCnt	0	0
IRS990/IRPDocumentW2GCnt	0	0
IRS990/LandBldgEquipAccumDeprecAmt	0	1643436
IRS990/LandBldgEquipBasisNetGrp/BOYAmt	0	16140997
IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	15513695
IRS990/LandBldgEquipCostOrOtherBssAmt	0	17157131
IRS990/LegalDomicileStateCd	0	MD
IRS990/LicensedMoreThanOneStateInd	0	false
IRS990/LoanOutstandingInd	0	false
IRS990/LobbyingActivitiesInd	0	false
IRS990/LocalChaptersInd	0	false
IRS990/MaterialDiversionOrMisuseInd	0	false
IRS990/MembersOrStockholdersInd	0	false
IRS990/MethodOfAccountingAccrualInd	0	X
IRS990/MinutesOfCommitteesInd	0	false
IRS990/MinutesOfGoverningBodyInd	0	true
IRS990/MissionDesc	0	AFFORDABLE HOUSING AND SERVICES
IRS990/MoreThan5000KToIndividualsInd	0	false
IRS990/MoreThan5000KToOrgInd	0	false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt	0	10038146
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	9955079
IRS990/NetAssetsOrFundBalancesBOYAmt	0	6923185
IRS990/NetAssetsOrFundBalancesEOYAmt	0	6653940
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt	0	0
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt	0	0
IRS990/NondeductibleContributionsInd	0	false
IRS990/OccupancyGrp/TotalAmt	0	0
IRS990/OfficeExpensesGrp/ProgramServicesAmt	0	9358
IRS990/OfficeExpensesGrp/TotalAmt	0	9358
IRS990/OfficerMailingAddressInd	0	false
IRS990/OnBehalfOfIssuerInd	0	false
IRS990/OperateHospitalInd	0	false
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsSFAS117Ind	0	X
IRS990/OrgFiledInLieuOfForm1041Ind	0	false
IRS990/OtherAssetsTotalGrp/BOYAmt	0	485195
IRS990/OtherAssetsTotalGrp/EOYAmt	0	528300
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	35602
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	35602
IRS990/OtherExpensesGrp/Desc	0	REPAIRS / MAINTENANCE
IRS990/OtherExpensesGrp/Desc	1	UTILITIES
IRS990/OtherExpensesGrp/Desc	2	GROUND LEASE
IRS990/OtherExpensesGrp/Desc	3	NET ASSETS RELEASED
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	159943
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	82702
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	31786
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	27333
IRS990/OtherExpensesGrp/TotalAmt	0	159943
IRS990/OtherExpensesGrp/TotalAmt	1	82702
IRS990/OtherExpensesGrp/TotalAmt	2	31786
IRS990/OtherExpensesGrp/TotalAmt	3	27333
IRS990/OtherLiabilitiesGrp/BOYAmt	0	1064164
IRS990/OtherLiabilitiesGrp/EOYAmt	0	138403
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	105993
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	105993
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	12568
IRS990/PayrollTaxesGrp/TotalAmt	0	12568
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	56
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	8844
IRS990/PrincipalOfficerNm	0	JAMES A BROWN JR
IRS990/ProfessionalFundraisingInd	0	false
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	1	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	2	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	3	531110
IRS990/ProgramServiceRevenueGrp/Desc	0	AFFORDABLE HOUSING
IRS990/ProgramServiceRevenueGrp/Desc	1	Fees & Contracts Gov Agencies
IRS990/ProgramServiceRevenueGrp/Desc	2	MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc	3	MISCELLANEOUS INCOME VHI
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	1267034
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	125486
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	33626
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	1267034
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	125486
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	33626
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYInvestmentIncomeAmt	0	196
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	1494073
IRS990/PYProgramServiceRevenueAmt	0	1407637
IRS990/PYRevenuesLessExpensesAmt	0	-241799
IRS990/PYSalariesCompEmpBnftPaidAmt	0	155559
IRS990/PYTotalExpensesAmt	0	1649632
IRS990/PYTotalRevenueAmt	0	1407833
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-269245
IRS990/RegularMonitoringEnfrcInd	0	true
IRS990/RelatedEntityInd	0	true
IRS990/RelatedOrganizationCtrlEntInd	0	false
IRS990/ReportInvestmentsOtherSecInd	0	false
IRS990/ReportLandBuildingEquipmentInd	0	true
IRS990/ReportOtherAssetsInd	0	false
IRS990/ReportOtherLiabilitiesInd	0	true
IRS990/ReportProgramRelatedInvstInd	0	false
IRS990/RoyaltiesGrp/TotalAmt	0	0
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt	0	0
IRS990/SavingsAndTempCashInvstGrp/BOYAmt	0	941558
IRS990/SavingsAndTempCashInvstGrp/EOYAmt	0	284865
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/First5Years509Ind	0	X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	31183
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	7851454
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	7882637
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	103
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	196
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	7
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	306
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	1397277
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	1378767
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	521558
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	3297602
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	103
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	196
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	7
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	306
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	28869
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	28870
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	55723
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	56917
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	170379
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	11180239
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	1397277
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	1378767
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	552741
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	7851454
IRS990ScheduleA/Total509Grp/TotalAmt	0	11180239
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	1426249
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	1407833
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	608471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	7908371
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	11350924
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	11990769
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	855719
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	12846488
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	11476
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	14128
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	25604
IRS990ScheduleD/LandGrp/BookValueAmt	0	1522694
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	1522694
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	1614353
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	345699
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	1960052
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	374403
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	427890
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	802293
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	109415
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	3071
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	25917
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	DEVELOPMENT FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	LONG-TERM DEFERRED INCOME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	2	RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	15513695
IRS990ScheduleD/TotalLiabilityAmt	0	138403
IRS990ScheduleJ/AnyNonFixedPaymentsInd	0	false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd	0	false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd	0	false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd	0	false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd	0	false
IRS990ScheduleJ/EquityBasedCompArrngmInd	0	false
IRS990ScheduleJ/InitialContractExceptionInd	0	false
IRS990ScheduleJ/RebuttablePresumptionProcInd	0	false
IRS990/ScheduleJRequiredInd	0	true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	0	365893
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	1	161929
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	2	205246
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	0	JAMES A BROWN JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	1	JEFFREY BLACKWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	2	JOHN D SPENCER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	0	President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	1	ASST SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	2	Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	0	365893
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	1	161929
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	2	205246
IRS990ScheduleJ/SeverancePaymentInd	0	false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd	0	false
IRS990/ScheduleORequiredInd	0	true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DRAFT OF FORM 990 IS PROVIDED TO BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING.

Document Assets

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Filings

Displayed year

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

Open filing

Assets: $16,769,866
Liabilities: $10,115,926
Net assets: $6,653,940
Revenue: $1,426,248
Expenses: $1,695,493
Net income: -$269,245

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$11.9	$8.60	$3.33	$1.52	$1.72	$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$12.4	$8.72	$3.66	$1.49	$1.80	$0.31
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$12.9	$8.91	$3.97	$1.54	$1.86	$0.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$13.4	$9.06	$4.29	$1.51	$1.92	$0.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$13.9	$9.17	$4.71	$1.48	$2.08	$0.60
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$14.6	$9.27	$5.31	$1.45	$1.85	$0.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$15.1	$9.39	$5.71	$1.46	$2.05	$0.59
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$15.8	$9.49	$6.30	$1.50	$1.86	$0.35
2016Detailed filing. Detailed filing data is available for this year.	$16.8	$10.1	$6.65	$1.43	$1.70	$0.27
2015Detailed filing. Detailed filing data is available for this year.	$18.0	$11.1	$6.92	$1.41	$1.65	$0.24
2014Detailed filing. Detailed filing data is available for this year.	$17.8	$10.6	$7.16	$0.61	$1.18	$0.57
2013Summary only. Only limited summary data is available for this year.	$13.9	$6.12	$7.81	$7.91	$0.10	$7.81
2012Summary only. Only limited summary data is available for this year.	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00