Civic Intelligence

Regal Oaks Apartments Inc

EIN 45-5268425 • 501(c)3 • Hendersonville, NC

Profile

Own and operate regal oaks apartments, a 24-unit apartment complex, under section 202 of the national housing act. The project is located in hendersonville, north carolina and is regulated by the u.s. Department of housing and urban development as to rental rates and operating methods. Additionally, units in the project are covered under a project rental assistance contract with hud and a significant portion of the project's rental income is received from hud.

214 North King StreetHendersonville, NC 28792

n/A

Siviq Scores

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

Liabilities / Assets

73rd percentile

1.37x

Higher debt load relative to assets than 73% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

24.31x

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

NTEE L21 • $1M-$5M nonprofits • Source year 2024

Net Margin

6th percentile

-123%

Higher net margin than 6% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

NTEE L21 • $1M-$5M nonprofits • Source year 2024

Asset Growth

15th percentile

-6.8%

Faster asset growth than 15% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-1.4%

Faster revenue growth than 26% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$2,609,377

Down $191,820 (-6.8%) from 2023

Liabilities

Down

$3,581,789

Down $11,121 (-0.3%) from 2023

Net Assets

Down

-$972,412

Down $180,699 (-23%) from 2023

Operations
Liabilities / Revenue93rd percentileNet Margin6th percentile

Revenue

Down

$147,354

Down $2,138 (-1.4%) from 2023

Expenses

Up

$328,053

Up $79,256 (+32%) from 2023

Net Income

Down

-$180,699

Down $81,394 (-82%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth15th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2014: $3,489,867Liabilities 2014: $3,597,007Net Assets 2014: -$107,1402014Assets 2015: $3,564,274Liabilities 2015: $3,589,158Net Assets 2015: -$24,8842015Assets 2016: $3,440,900Liabilities 2016: $3,581,030Net Assets 2016: -$140,1302016Assets 2017: $3,381,254Liabilities 2017: $3,601,407Net Assets 2017: -$220,1532017Assets 2018: $3,265,716Liabilities 2018: $3,580,188Net Assets 2018: -$314,4722018Assets 2019: $3,140,286Liabilities 2019: $3,585,906Net Assets 2019: -$445,6202019Assets 2020: $3,062,079Liabilities 2020: $3,585,707Net Assets 2020: -$523,6282020Assets 2021: $2,991,341Liabilities 2021: $3,583,975Net Assets 2021: -$592,6342021Assets 2022: $2,900,460Liabilities 2022: $3,592,868Net Assets 2022: -$692,4082022Assets 2023: $2,801,197Liabilities 2023: $3,592,910Net Assets 2023: -$791,7132023Assets 2024: $2,609,377Liabilities 2024: $3,581,789Net Assets 2024: -$972,4122024

Highlighted filing

2024

Assets$2,609,377
Liabilities$3,581,789
Net Assets-$972,412
Open 2024 Filing

Operations Trend

Revenue Growth26th percentile

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

$400K$200K$0-$200KRevenue 2014: $118,333Expenses 2014: $225,573Net Income 2014: -$107,2402014Revenue 2015: $337,544Expenses 2015: $255,288Net Income 2015: $82,2562015Revenue 2016: $144,896Expenses 2016: $260,142Net Income 2016: -$115,2462016Revenue 2017: $165,120Expenses 2017: $245,143Net Income 2017: -$80,0232017Revenue 2018: $163,548Expenses 2018: $257,867Net Income 2018: -$94,3192018Revenue 2019: $146,767Expenses 2019: $277,915Net Income 2019: -$131,1482019Revenue 2020: $161,876Expenses 2020: $239,884Net Income 2020: -$78,0082020Revenue 2021: $165,407Expenses 2021: $234,413Net Income 2021: -$69,0062021Revenue 2022: $163,069Expenses 2022: $262,843Net Income 2022: -$99,7742022Revenue 2023: $149,492Expenses 2023: $248,797Net Income 2023: -$99,3052023Revenue 2024: $147,354Expenses 2024: $328,053Net Income 2024: -$180,6992024

Highlighted filing

2024

Revenue$147,354
Expenses$328,053
Net Income-$180,699
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,609,377
Liabilities
$3,581,789
Net assets
-$972,412
Revenue
$147,354
Expenses
$328,053
Net income
-$180,699
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.61$3.58$0.97$0.15$0.33$0.18
2023Detailed filing. Detailed filing data is available for this year.$2.80$3.59$0.79$0.15$0.25$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.90$3.59$0.69$0.16$0.26$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.99$3.58$0.59$0.17$0.23$0.07
2020Detailed filing. Detailed filing data is available for this year.$3.06$3.59$0.52$0.16$0.24$0.08
2019Detailed filing. Detailed filing data is available for this year.$3.14$3.59$0.45$0.15$0.28$0.13
2018Detailed filing. Detailed filing data is available for this year.$3.27$3.58$0.31$0.16$0.26$0.09
2017Detailed filing. Detailed filing data is available for this year.$3.38$3.60$0.22$0.17$0.25$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.44$3.58$0.14$0.14$0.26$0.12
2015Detailed filing. Detailed filing data is available for this year.$3.56$3.59$0.02$0.34$0.26$0.08
2014Detailed filing. Detailed filing data is available for this year.$3.49$3.60$0.11$0.12$0.23$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$163,639
Mission and Program Overview

Mission

Own and operate regal oaks apartments, a 24 unit apartment complex, under section 202 of the national housing act. The project is located in hendersonville, north carolina and is regulated by the u.s. Department of housing and urban development as to rental rates and operating methods. Additionally, units in the project are covered under a project rental assistance contract with hud and a significant portion of the project's rental income is received from hud.

To own and operate a 24-unit apartment complex, under section 202 of the national housing act. The project is located in hendersonville, north carolina and is regulated by the u.s. Department of housing and urban development as to rental rates and operating methods. Additionally, units in the project are covered under a project rental assistance contract with hud and a significant portion of the project's rental income is received from hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,604,957$2,532,736▼ $72,221
Savings and Temporary Cash Investments$173,646$56,790▼ $116,856
Cash and Non-Interest-Bearing Accounts$11,309$6,650▼ $4,659
Prepaid Expenses and Deferred Charges$3,897$4,969▲ $1,072
Total Assets$2,801,197$2,609,377▼ $191,820
Other Assets Total$7,388$8,232▲ $844
Liabilities
Other Liabilities$3,572,488$3,573,137▲ $649
Accounts Payable and Accrued Expenses$19,394$8,018▼ $11,376
Deferred Revenue$1,028$634▼ $394
Total Liabilities$3,592,910$3,581,789▼ $11,121
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-791,713$-972,412▼ $180,699
Total Net Assets Fund Balance$-791,713$-972,412▼ $180,699
Total Liabilities and Net Assets / Fund Balance$2,801,197$2,609,377▼ $191,820

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,081,795$761,460$2,843,255
Land$345,000-$345,000
Other Land Buildings$105,941$129,907$235,848
Equipment$0$115,266$115,266
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Steve WilkiePresident
Tyler HenryVice President
Blanca SanchezDirector
Doug HarrisDirector
Hilton SwingDirector
Itzia MorenoDirector
Jane MayerDirector
Jennifer MaynorDirector
Keith NortonDirector
Mallory BenjaminDirector
Noelle MckayDirector
Nory LebrunDirector
Sonya FlynnSecretary
Jennifer DuvallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$57,009
Program Service Revenue
$106,469
Investment Income
$-16,124
Other Revenue
$0
Change in Net Assets
$-180,699

Audited Revenue Reconciliation

Revenue per Audited Statements
$163,639
Revenue Not Reported on Financial Statements
$-16,285
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-16,285
Total Revenue per Audited Statements
$163,639
Total Revenue per Form 990
$147,354
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$328,053
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$84,436--$84,436
Occupancy$44,053--$44,053
Fees for Services Management$17,047--$17,047
Office Expenses$11,190--$11,190
Insurance$8,645--$8,645
Fees for Services Accounting-$5,000-$5,000
Advertising$213--$213
Other Expenses$61$6,310-$61
Total Functional Expenses$316,743$11,310$0$328,053

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$344,338
Expenses per Audited Statements$328,053
Total Expenses per Form 990$328,053
Expenses Not Reported on Form 990$16,285
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Advance Grant$3,565,100
Tenant Security Deposits$8,037
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
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 board of directors has delegated the management of the rental apartments to partnership property management. The apartment complex for low-income and elderly individuals is regulated by u.s. Department of housing & urban development as to rent charges and operating methods. The management company was chosen due to its experience in management under these guidelines.”

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

“Form 990 and audited financial statements are reviewed, approved and signed by designated officers on behalf of the corporation.”

Form 990, Part VI, Section C, Line 19

“Form 990 and all related financial and policy information are made available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Regal Oaks Apartments Inc
EIN
45-5268425
Phone
8286924744
Address
214 NORTH KING STREET, HENDERSONVILLE, NC 28792
Doing Business As
Regal Oaks Apartments

Signing Officer

Name
Jane Mayer
Title
President
Phone
8286924744
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Mayer
Formed
2014
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Olga Oganesov
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“It is the corporation's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2024.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Loss on disposal of fixed assets -16,285.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on disposal of fixed assets 16,285.”

Raw XML AppendixShowing 400 of 515 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt08645
IRS990/InsuranceGrp/TotalAmt08645
IRS990/InvestmentIncomeGrp/ExclusionAmt0161
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0161
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01006633
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02604957
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02532736
IRS990/LandBldgEquipCostOrOtherBssAmt03539369
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt016285
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OWN AND OPERATE REGAL OAKS APARTMENTS, A 24-UNIT APARTMENT COMPLEX, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS LOCATED IN HENDERSONVILLE, NORTH CAROLINA AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENTAL RATES AND OPERATING METHODS. ADDITIONALLY, UNITS IN THE PROJECT ARE COVERED UNDER A PROJECT RENTAL ASSISTANCE CONTRACT WITH HUD AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-791713
IRS990/NetAssetsOrFundBalancesEOYAmt0-972412
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-16285
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-16285
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-791713
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-972412
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt044053
IRS990/OccupancyGrp/TotalAmt044053
IRS990/OfficeExpensesGrp/ProgramServicesAmt011190
IRS990/OfficeExpensesGrp/TotalAmt011190
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07388
IRS990/OtherAssetsTotalGrp/EOYAmt08232
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1PAYROLL REIMBURSEMENT
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc3BAD DEBTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06310
IRS990/OtherExpensesGrp/ProgramServicesAmt0114753
IRS990/OtherExpensesGrp/ProgramServicesAmt136345
IRS990/OtherExpensesGrp/ProgramServicesAmt261
IRS990/OtherExpensesGrp/TotalAmt0114753
IRS990/OtherExpensesGrp/TotalAmt136345
IRS990/OtherExpensesGrp/TotalAmt26310
IRS990/OtherExpensesGrp/TotalAmt361
IRS990/OtherLiabilitiesGrp/BOYAmt03572488
IRS990/OtherLiabilitiesGrp/EOYAmt03573137
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03897
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04969
IRS990/PrincipalOfficerNm0JANE MAYER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0106469
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0106469
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt065565
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-14582
IRS990/PYOtherExpensesAmt0248797
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt098509
IRS990/PYRevenuesLessExpensesAmt0-99305
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0248797
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0149492
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-180699
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0106469
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0173646
IRS990/SavingsAndTempCashInvstGrp/EOYAmt056790
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt057009
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt065565
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt070956
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt072738
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt075284
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0341552
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0161
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0166
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0188
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0323
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01368
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02206
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0106469
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt098509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt091925
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt092346
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt085224
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0474473
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0161
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0166
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0188
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0323
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01368
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02206
IRS990ScheduleA/InvestmentIncomeCYPct00.00270
IRS990ScheduleA/InvestmentIncomePYPct00.00470
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99730
IRS990ScheduleA/PublicSupportPY509Pct00.99470
IRS990ScheduleA/PublicSupportTotal509Amt0816025
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0163478
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0164074
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0162881
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0165084
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0160508
IRS990ScheduleA/Total509Grp/TotalAmt0816025
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0163639
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0164240
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0163069
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0165407
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0161876
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0818231
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02081795
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0761460
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02843255
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0115266
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0115266
IRS990ScheduleD/ExpensesNotReportedAmt016285
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0328053
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0345000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0345000
IRS990ScheduleD/OtherExpensesIncludedAmt016285
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0105941
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0129907
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0235848
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08037
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13565100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL ADVANCE GRANT
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-16285
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-16285
IRS990ScheduleD/RevenueSubtotalAmt0163639
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE CORPORATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2024.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF FIXED ASSETS -16,285.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON DISPOSAL OF FIXED ASSETS 16,285.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02532736
IRS990ScheduleD/TotalExpensesPerForm990Amt0328053
IRS990ScheduleD/TotalLiabilityAmt03573137
IRS990ScheduleD/TotalRevenuePerForm990Amt0147354
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0163639
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0344338
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS HAS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO PARTNERSHIP PROPERTY MANAGEMENT. THE APARTMENT COMPLEX FOR LOW-INCOME AND ELDERLY INDIVIDUALS IS REGULATED BY U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE MANAGEMENT COMPANY WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE REVIEWED, APPROVED AND SIGNED BY DESIGNATED OFFICERS ON BEHALF OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10

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