Civic Intelligence

Renaissance Gardens Inc.

990 • Fiscal year 2016 • EIN 45-3946594

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 15, 2016

Organization ProfileN/A
5809 Park Heights AvenueBaltimore, MD 21215

(410) 500-5311

Siviq Scores

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

Liabilities / Assets

37th percentile

0.08x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

1.74x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

6th percentile

-53%

Higher net margin than 6% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

77th percentile

$201,981

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 51.2% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

29th percentile

-2.5%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

80th percentile

21%

Faster revenue growth than 80% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets37th percentile

Assets

Down

$8,405,878

Down $216,334 (-2.5%) from 2015

Net Assets

Down

$7,720,430

Down $210,467 (-2.7%) from 2015

Liabilities

Down

$685,448

Down $5,867 (-0.8%) from 2015

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin6th percentile

Revenue

Up

$394,523

Up $68,638 (+21%) from 2015

Expenses

Up

$604,990

Up $15,049 (+2.6%) from 2015

Net Income

Up

-$210,467

Up $53,589 (+20%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$10M$5.0M$0Assets 2013: $3,398,131Liabilities 2013: $614,221Net Assets 2013: $2,783,9102013Assets 2014: $9,530,143Liabilities 2014: $1,335,190Net Assets 2014: $8,194,9532014Assets 2015: $8,622,212Liabilities 2015: $691,315Net Assets 2015: $7,930,8972015Assets 2016: $8,405,878Liabilities 2016: $685,448Net Assets 2016: $7,720,4302016Assets 2017: $8,195,676Liabilities 2017: $695,497Net Assets 2017: $7,500,1792017Assets 2018: $7,990,459Liabilities 2018: $730,196Net Assets 2018: $7,260,2632018Assets 2019: $7,754,205Liabilities 2019: $685,937Net Assets 2019: $7,068,2682019Assets 2020: $7,570,906Liabilities 2020: $685,747Net Assets 2020: $6,885,1592020Assets 2021: $7,460,238Liabilities 2021: $705,378Net Assets 2021: $6,754,8602021Assets 2022: $7,235,778Liabilities 2022: $688,104Net Assets 2022: $6,547,6742022Assets 2023: $7,005,642Liabilities 2023: $687,344Net Assets 2023: $6,318,2982023Assets 2024: $6,841,399Liabilities 2024: $717,797Net Assets 2024: $6,123,6022024

Highlighted filing

2016

Assets$8,405,878
Liabilities$685,448
Net Assets$7,720,430
Open 2016 Filing

Operations Trend

Revenue Growth80th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $02013Revenue 2014: $5,990,765Expenses 2014: $429,722Net Income 2014: $5,561,0432014Revenue 2015: $325,885Expenses 2015: $589,941Net Income 2015: -$264,0562015Revenue 2016: $394,523Expenses 2016: $604,990Net Income 2016: -$210,4672016Revenue 2017: $411,626Expenses 2017: $631,877Net Income 2017: -$220,2512017Revenue 2018: $473,920Expenses 2018: $713,836Net Income 2018: -$239,9162018Revenue 2019: $461,783Expenses 2019: $653,778Net Income 2019: -$191,9952019Revenue 2020: $536,850Expenses 2020: $719,959Net Income 2020: -$183,1092020Revenue 2021: $538,508Expenses 2021: $668,807Net Income 2021: -$130,2992021Revenue 2022: $550,922Expenses 2022: $758,108Net Income 2022: -$207,1862022Revenue 2023: $570,461Expenses 2023: $799,837Net Income 2023: -$229,3762023Revenue 2024: $611,388Expenses 2024: $806,084Net Income 2024: -$194,6962024

Highlighted filing

2016

Revenue$394,523
Expenses$604,990
Net Income-$210,467
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$394,523
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.

To provide elderly or disabled persons with housing facilities and services specially designed to meet their physical, social, and psychological needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,521,387$8,288,928▼ $232,459
Prepaid Expenses and Deferred Charges$7,247$7,786▲ $539
Accounts Receivable$6,369$4,244▼ $2,125
Cash and Non-Interest-Bearing Accounts$6,373$3,253▼ $3,120
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$8,622,212$8,405,878▼ $216,334
Other Assets Total$80,836$101,667▲ $20,831
Liabilities
Mortgage Notes Payable Secured by Investment Property$550,000$550,000→ $0
Other Liabilities$87,219$88,345▲ $1,126
Accounts Payable and Accrued Expenses$37,606$33,368▼ $4,238
Deferred Revenue$16,490$13,735▼ $2,755
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$691,315$685,448▼ $5,867
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,611,770$7,412,354▼ $199,416
Unrestricted Net Assets$319,127$308,076▼ $11,051
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$7,930,897$7,720,430▼ $210,467
Total Liabilities and Net Assets / Fund Balance$8,622,212$8,405,878▼ $216,334

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,961,665$558,425-
Other Land Buildings$143,492$51,074-
Land$183,771--
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Mitchell PosnerPresident
Stuart MacklinVice President
Cheo HurleyBoard Member
Melissa PetersBoard Member
Todd TilsonBoard Member
James Redd JrSecretary
Roy KieweTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,877
Program Service Revenue
$391,495
Investment Income
$151
Other Revenue
$0
Change in Net Assets
$-210,467

Audited Revenue Reconciliation

Revenue per Audited Statements
$394,523
Total Revenue per Audited Statements
$394,523
Total Revenue per Form 990
$394,523
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$604,990
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
Depreciation Depletion$232,459--$232,459
All Other Expenses$67,598--$67,598
Fees for Services Management-$36,055-$36,055
Fees for Services Accounting-$15,750-$15,750
Insurance$13,633--$13,633
Office Expenses$11,781--$11,781
Other Expenses$3,430--$3,430
Fees for Services Legal-$1,065-$1,065
Total Functional Expenses$552,120$52,870$0$604,990

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$604,990
Total Expenses per Audited Statements$604,990
Total Expenses per Form 990$604,990
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Miscellaneous Current Liabilit$68,500
Security Deposits$19,845
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
Yes

Governance Explanations

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and policies are available for public inspection at the organization's office during regular business hours upon request.”

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

“Any potential Conflicts of Interest are brought to the Board to review. The organization avoides any transactions that are or have the appearance of a Conflict of Interest.”

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

“A draft of form 990 is reviewed & authorized by a member of the board of directors prior to filing with the irs.”

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

“Chai conducts a performance and salary review to determine the compensation for executive director, mitchell posner, whose responsibility is to oversee the project.”

Part VI, Section A, line 3

“Renaissance gardens, inc. HAS ENTERED INTO A HOUSING MANAGEMENT AGREEMENT WITH COMMUNITY LIFE MANAGEMENT, LLC TO ACT AS THE EXCLUSIVE AGENT FOR THE MANAGEMENT OF THE PROPERTY.”

Filing and Contact Details

Filer

Filer Name
Renaissance Gardens Inc
EIN
45-3946594
In Care Of
% MITCHELL POSNER
Phone
4105005311
Address
5809 PARK HEIGHTS AVENUE, BALTIMORE, MD 21215

Signing Officer

Name
Mitchell Posner
Title
President
Phone
4104232366
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mitchell Posner
Formed
2011
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Cohnreznick Llp
Address
500 EAST PRATT STREET 4TH FL, BALTIMORE, MD 21202-3100
Preparer
Damien Nickle CPA
Phone
4107834900
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 24 - Other Expenses

“Description:elder care expenses total expenses:14650 program services:14650”

Form 990 Part IX Line 24 - Other Expenses

“Description:contracts total expenses:24220 program services:24220”

Form 990 Part IX Line 24 - Other Expenses

“Description:supplies total expenses:4897 program services:4897”

Form 990 Part IX Line 24 - Other Expenses

“Description:garbage removal total expenses:4202 program services:4202”

Form 990 Part IX Line 24 - Other Expenses

“Description:heating/cooling total expenses:4188 program services:4188”

Form 990 Part IX Line 24 - Other Expenses

“Description:vehicle repairs total expenses:41 program services:41”

Form 990 Part IX Line 24 - Other Expenses

“Description:misc. Taxes, licenses, permits total expenses:10367 program services:10367”

Form 990 Part IX Line 24 - Other Expenses

“Description:misc. Admin expenses total expenses:2090 program services:2090”

Form 990 Part IX Line 24 - Other Expenses

“Description:other renting expenses total expenses:108 program services:108”

Form 990 Part IX Line 24 - Other Expenses

“Description:misc financial expenses total expenses:530 program services:530”

Form 990 Part IX Line 24 - Other Expenses

“Description:snow removal total expenses:2305 program services:2305”

Financial Statement Notes

FORM 990, PART X, #2

“The Organization has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended June 30, 2016. Due to its tax exempt status, the Organization is not subject to income taxes. The Organization is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Organization has no other tax positions which must be considered for disclosure. The Organization files federal tax returns in the U.S. and State of Maryland, respectively. The 2013 through 2015 tax years remain subject to potential examination by these tax jurisdictions.”

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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0550000
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IRS990/NetAssetsOrFundBalancesEOYAmt07720430
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt011781
IRS990/OfficeExpensesGrp/TotalAmt011781
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt080836
IRS990/OtherAssetsTotalGrp/EOYAmt0101667
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3SECURITY CONTRACTS
IRS990/OtherExpensesGrp/ProgramServicesAmt0103197
IRS990/OtherExpensesGrp/ProgramServicesAmt188521
IRS990/OtherExpensesGrp/ProgramServicesAmt231501
IRS990/OtherExpensesGrp/ProgramServicesAmt33430
IRS990/OtherExpensesGrp/TotalAmt0103197
IRS990/OtherExpensesGrp/TotalAmt188521
IRS990/OtherExpensesGrp/TotalAmt231501
IRS990/OtherExpensesGrp/TotalAmt33430
IRS990/OtherLiabilitiesGrp/BOYAmt087219
IRS990/OtherLiabilitiesGrp/EOYAmt088345
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07247
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07786
IRS990/PrincipalOfficerNm0MITCHELL POSNER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1812300
IRS990/ProgramServiceRevenueGrp/BusinessCd2812300
IRS990/ProgramServiceRevenueGrp/BusinessCd3812300
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY AND VENDING CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3CABLE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0386552
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13116
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2557
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31270
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0386552
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13116
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2557
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31270
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03150
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0106
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0589941
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0322629
IRS990/PYRevenuesLessExpensesAmt0-264056
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0589941
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0325885
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-210467
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt02877
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0391495
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02877
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05849730
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02633910
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08489667
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0151
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0106
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0271
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0855145
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt08489667
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02877
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05849730
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02633910
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08489667
IRS990ScheduleA/TotalSupportAmt08489938
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07961665
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0558425
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt08520090
IRS990ScheduleD/ExpensesSubtotalAmt0604990
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0183771
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0183771
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0143492
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt051074
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0194566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt068500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119845
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MISCELLANEOUS CURRENT LIABILIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0394523
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended June 30, 2016. Due to its tax exempt status, the Organization is not subject to income taxes. The Organization is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Organization has no other tax positions which must be considered for disclosure. The Organization files federal tax returns in the U.S. and State of Maryland, respectively. The 2013 through 2015 tax years remain subject to potential examination by these tax jurisdictions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART X, #2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08288928
IRS990ScheduleD/TotalExpensesPerForm990Amt0604990
IRS990ScheduleD/TotalLiabilityAmt088345
IRS990ScheduleD/TotalRevenuePerForm990Amt0394523
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0394523
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0604990
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0194394
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1149652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt07587
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt16112
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018302
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MITCHELL POSNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ROY KIEWE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0201981
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1174066
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Any potential Conflicts of Interest are brought to the Board to review. The organization avoides any transactions that are or have the appearance of a Conflict of Interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF FORM 990 IS REVIEWED & AUTHORIZED BY A MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHAI CONDUCTS A PERFORMANCE AND SALARY REVIEW TO DETERMINE THE COMPENSATION FOR EXECUTIVE DIRECTOR, MITCHELL POSNER, WHOSE RESPONSIBILITY IS TO OVERSEE THE PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Renaissance gardens, inc. HAS ENTERED INTO A HOUSING MANAGEMENT AGREEMENT WITH COMMUNITY LIFE MANAGEMENT, LLC TO ACT AS THE EXCLUSIVE AGENT FOR THE MANAGEMENT OF THE PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:ELDER CARE EXPENSES TOTAL EXPENSES:14650 PROGRAM SERVICES:14650
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:CONTRACTS TOTAL EXPENSES:24220 PROGRAM SERVICES:24220
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:SUPPLIES TOTAL EXPENSES:4897 PROGRAM SERVICES:4897
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:GARBAGE REMOVAL TOTAL EXPENSES:4202 PROGRAM SERVICES:4202
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:HEATING/COOLING TOTAL EXPENSES:4188 PROGRAM SERVICES:4188
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:VEHICLE REPAIRS TOTAL EXPENSES:41 PROGRAM SERVICES:41
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DESCRIPTION:MISC. TAXES, LICENSES, PERMITS TOTAL EXPENSES:10367 PROGRAM SERVICES:10367

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$8,405,878
Liabilities
$685,448
Net assets
$7,720,430
Revenue
$394,523
Expenses
$604,990
Net income
-$210,467
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.84$0.72$6.12$0.61$0.81$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.01$0.69$6.32$0.57$0.80$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.24$0.69$6.55$0.55$0.76$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.46$0.71$6.75$0.54$0.67$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.57$0.69$6.89$0.54$0.72$0.18
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.75$0.69$7.07$0.46$0.65$0.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.99$0.73$7.26$0.47$0.71$0.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.20$0.70$7.50$0.41$0.63$0.22
2016Detailed filing. Detailed filing data is available for this year.$8.41$0.69$7.72$0.39$0.60$0.21
2015Detailed filing. Detailed filing data is available for this year.$8.62$0.69$7.93$0.33$0.59$0.26
2014Detailed filing. Detailed filing data is available for this year.$9.53$1.34$8.19$5.99$0.43$5.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.40$0.61$2.78$0.00