Civic Intelligence

The Landing Apartments

990 • Fiscal year 2017 • EIN 45-4914706

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 30, 2018

901 North 3rd Street No 150Minneapolis, MN 55401

(612) 341-3148

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

43rd percentile

0.13x

Higher debt load relative to revenue than 43% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

4th percentile

-64%

Higher net margin than 4% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

75th percentile

$197,072

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 50.8% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

23rd percentile

-2.8%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

40th percentile

1.3%

Faster revenue growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$8,550,754

Down $244,216 (-2.8%) from 2016

Net Assets

Down

$8,501,892

Down $248,176 (-2.8%) from 2016

Liabilities

Up

$48,862

Up $3,960 (+8.8%) from 2016

Revenue

Up

$388,081

Up $5,029 (+1.3%) from 2016

Expenses

Up

$636,257

Up $117,507 (+23%) from 2016

Net Income

Down

-$248,176

Down $112,478 (-83%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2013: $6,972,792Liabilities 2013: $1,652,112Net Assets 2013: $5,320,6802013Assets 2014: $9,795,926Liabilities 2014: $726,733Net Assets 2014: $9,069,1932014Assets 2015: $8,963,213Liabilities 2015: $77,447Net Assets 2015: $8,885,7662015Assets 2016: $8,794,970Liabilities 2016: $44,902Net Assets 2016: $8,750,0682016Assets 2017: $8,550,754Liabilities 2017: $48,862Net Assets 2017: $8,501,8922017Assets 2018: $8,410,962Liabilities 2018: $74,423Net Assets 2018: $8,336,5392018Assets 2019: $8,182,700Liabilities 2019: $43,779Net Assets 2019: $8,138,9212019Assets 2020: $7,940,617Liabilities 2020: $41,893Net Assets 2020: $7,898,7242020Assets 2021: $7,754,954Liabilities 2021: $59,712Net Assets 2021: $7,695,2422021Assets 2022: $7,678,138Liabilities 2022: $186,495Net Assets 2022: $7,491,6432022Assets 2023: $7,481,668Liabilities 2023: $155,804Net Assets 2023: $7,325,8642023Assets 2024: $7,271,875Liabilities 2024: $154,031Net Assets 2024: $7,117,8442024

Highlighted filing

2017

Assets$8,550,754
Liabilities$48,862
Net Assets$8,501,892

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $5,320,680Expenses 2013: $0Net Income 2013: $5,320,6802013Revenue 2014: $4,355,982Expenses 2014: $607,469Net Income 2014: $3,748,5132014Revenue 2015: $386,124Expenses 2015: $569,551Net Income 2015: -$183,4272015Revenue 2016: $383,052Expenses 2016: $518,750Net Income 2016: -$135,6982016Revenue 2017: $388,081Expenses 2017: $636,257Net Income 2017: -$248,1762017Revenue 2018: $387,232Expenses 2018: $552,585Net Income 2018: -$165,3532018Revenue 2019: $389,707Expenses 2019: $587,325Net Income 2019: -$197,6182019Revenue 2020: $415,113Expenses 2020: $655,310Net Income 2020: -$240,1972020Revenue 2021: $422,924Expenses 2021: $626,406Net Income 2021: -$203,4822021Revenue 2022: $416,956Expenses 2022: $620,555Net Income 2022: -$203,5992022Revenue 2023: $450,135Expenses 2023: $615,914Net Income 2023: -$165,7792023Revenue 2024: $473,206Expenses 2024: $681,226Net Income 2024: -$208,0202024

Highlighted filing

2017

Revenue$388,081
Expenses$636,257
Net Income-$248,176
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 30, 2018
Return Version
2017v2.3
Gross Receipts
$388,081
Mission and Program Overview

Mission

To provide elderly or disabled persons with housing facilities and services designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness, and usefulness in longer living, with the charges for such facilities and services to be predicated upon the provision, maintenance, and operation thereof on a non-profit basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,465,881$8,219,946▼ $245,935
Cash and Non-Interest-Bearing Accounts$43,016$89,292▲ $46,276
Savings and Temporary Cash Investments$25,683$25,746▲ $63
Accounts Receivable$2,128$992▼ $1,136
Prepaid Expenses and Deferred Charges$252$255▲ $3
Total Assets$8,794,970$8,550,754▼ $244,216
Other Assets Total$258,010$214,523▼ $43,487
Liabilities
Other Liabilities$24,636$23,645▼ $991
Accounts Payable and Accrued Expenses$13,685$20,941▲ $7,256
Deferred Revenue$6,581$4,276▼ $2,305
Total Liabilities$44,902$48,862▲ $3,960
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,860,100$7,860,100→ $0
Unrestricted Net Assets$889,968$641,792▼ $248,176
Total Net Assets Fund Balance$8,750,068$8,501,892▼ $248,176
Total Liabilities and Net Assets / Fund Balance$8,794,970$8,550,754▼ $244,216

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,474,514$834,556$8,309,070
Land$711,198-$711,198
Equipment$34,234$105,212$139,446
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kristin Fisher RoselPresident
Alan ArthurExecutive Vice President
Martha SwansonDirector
Scott AndersonDirector
Vinicius SilvaDirector
Lynnette DumalagSecretary
Caroline HortonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$387,663
Investment Income
$418
Other Revenue
$0
Change in Net Assets
$-248,176

Audited Revenue Reconciliation

Revenue per Audited Statements
$388,081
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$388,081
Total Revenue per Form 990
$388,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$636,257
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$245,935--$245,935
Other Expenses$38,863--$38,863
Fees for Services Management$34,999--$34,999
Occupancy$33,799--$33,799
Insurance$18,594--$18,594
Office Expenses$10,699--$10,699
Fees for Services Accounting$7,300--$7,300
Fees for Services Legal$2,548--$2,548
Advertising$601--$601
Total Functional Expenses$636,257$0$0$636,257

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$636,257
Total Expenses per Audited Statements$636,257
Total Expenses per Form 990$636,257
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Alan ArthurExecutive Vice President and President of Aeon Owner of Aeon Management LLCAeon Management, Lcc Is the Property Management Agent.No$34,999
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$23,645
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Aeon management llc manages the property.

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

Aeon's board of directors elects the board of directors for the landing apartments.

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

Any changes in the articles of incorporation are subject to approval by members, stockholders, or other persons.

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

The 990 is reviewed and finalized by the accounting manager and the chief financial officer before going to the president and board to review and accept.

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

The board signs a conflict of interest policy annually.

Form 990, Part VI, Section B, Line 15

The landing apartments does not have any paid employees. However, if the landing apartments did have paid employees they would follow the policies of aeon, the tax-exempt controlling organization.

Form 990, Part VI, Section C, Line 19

The governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The Landing Apartments
EIN
45-4914706
Phone
6123413148
Address
901 NORTH 3RD STREET NO 150, MINNEAPOLIS, MN 55401

Signing Officer

Name
Alan Arthur
Title
Executive Vice President
Phone
6123413148
Signed
2018-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Arthur
Formed
2012
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Mahoneyulbrichchristiansen & Russ Pa
Address
10 RIVER PARK PLAZA SUITE 800, SAINT PAUL, MN 55107
Preparer
Lance J Brock
Phone
6512276695
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes from prior year.

Financial Statement Notes

PART X, LINE 2:

The corporation is classified as a tax-exempt organization under minnesota statute 290.05 and section 501(c)(3) of the internal revenue code and is exempt from private foundation under section 509(a)(1) of the internal revenue code and is subject to income taxes only on net unrelated business income. Management believes the corporation did not have any unrelated business income. Federal and state tax authorities generally have the right to examine the current and prior three years returns. The corporation is not currently under examination by any taxing jurisdiction.

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IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0387663
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025683
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025746
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04019244
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05320680
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09339924
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0418
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt065
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt043
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt019
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0545
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0387663
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0382987
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0386081
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0302481
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01459212
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0418
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0545
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt010799136
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0387663
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0382987
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0386081
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04321725
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05320680
IRS990ScheduleA/Total509Grp/TotalAmt010799136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0388081
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0383052
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0386124
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04321744
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05320680
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010799681
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07474514
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0834556
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08309070
IRS990ScheduleD/EquipmentGrp/BookValueAmt034234
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0105212
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0139446
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0636257
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0711198
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0711198
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023645
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0388081
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER MINNESOTA STATUTE 290.05 AND SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO INCOME TAXES ONLY ON NET UNRELATED BUSINESS INCOME. MANAGEMENT BELIEVES THE CORPORATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE THE CURRENT AND PRIOR THREE YEARS RETURNS. THE CORPORATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08219946
IRS990ScheduleD/TotalExpensesPerForm990Amt0636257
IRS990ScheduleD/TotalLiabilityAmt023645
IRS990ScheduleD/TotalRevenuePerForm990Amt0388081
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0388081
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0636257
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0153682
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1179995
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt012482
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt117077
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CAROLINE HORTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ALAN ARTHUR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EXECUTIVE VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0166164
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1197072
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ALAN ARTHUR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0EXECUTIVE VICE PRESIDENT AND PRESIDENT OF AEON OWNER OF AEON MANAGEMENT LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt034999
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0AEON MANAGEMENT, LCC IS THE PROPERTY MANAGEMENT AGENT.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AEON MANAGEMENT LLC MANAGES THE PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AEON'S BOARD OF DIRECTORS ELECTS THE BOARD OF DIRECTORS FOR THE LANDING APARTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY CHANGES IN THE ARTICLES OF INCORPORATION ARE SUBJECT TO APPROVAL BY MEMBERS, STOCKHOLDERS, OR OTHER PERSONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS REVIEWED AND FINALIZED BY THE ACCOUNTING MANAGER AND THE CHIEF FINANCIAL OFFICER BEFORE GOING TO THE PRESIDENT AND BOARD TO REVIEW AND ACCEPT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD SIGNS A CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE LANDING APARTMENTS DOES NOT HAVE ANY PAID EMPLOYEES. HOWEVER, IF THE LANDING APARTMENTS DID HAVE PAID EMPLOYEES THEY WOULD FOLLOW THE POLICIES OF AEON, THE TAX-EXEMPT CONTROLLING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO CHANGES FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0AEON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AEON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0411558711
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0901 NORTH THIRD STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055401
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00

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