Civic Intelligence

Abraham Apartments Housing Development Fund Corporation

990 • Fiscal year 2019 • EIN 46-3742490

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 09, 2020

Organization ProfileN/A
1910 Arthur AvenueBronx, NY 10457

(718) 583-5150

Siviq Scores

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

Liabilities / Assets

70th percentile

1.15x

Higher debt load relative to assets than 70% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

10.18x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Net Margin

17th percentile

-40%

Higher net margin than 17% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$228,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 91.0% of source-year revenue.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Asset Growth

54th percentile

-2.0%

Faster asset growth than 54% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

79th percentile

12%

Faster revenue growth than 79% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$2,224,442

Down $44,857 (-2.0%) from 2018

Net Assets

Down

-$324,658

Down $101,349 (-45%) from 2018

Liabilities

Up

$2,549,100

Up $56,492 (+2.3%) from 2018

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin17th percentile

Revenue

Up

$250,440

Up $26,648 (+12%) from 2018

Expenses

Up

$351,789

Up $72,837 (+26%) from 2018

Net Income

Down

-$101,349

Down $46,189 (-84%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $2,503,250Liabilities 2014: $2,509,579Net Assets 2014: -$6,3292014Assets 2015: $2,433,737Liabilities 2015: $2,531,970Net Assets 2015: -$98,2332015Assets 2016: $2,407,342Liabilities 2016: $2,548,790Net Assets 2016: -$141,4482016Assets 2017: $2,300,017Liabilities 2017: $2,468,166Net Assets 2017: -$168,1492017Assets 2018: $2,269,299Liabilities 2018: $2,492,608Net Assets 2018: -$223,3092018Assets 2019: $2,224,442Liabilities 2019: $2,549,100Net Assets 2019: -$324,6582019Assets 2020: $2,220,247Liabilities 2020: $2,571,987Net Assets 2020: -$351,7402020Assets 2021: $2,194,445Liabilities 2021: $2,597,987Net Assets 2021: -$403,5422021Assets 2022: $2,135,766Liabilities 2022: $2,636,187Net Assets 2022: -$500,4212022Assets 2023: $2,039,878Liabilities 2023: $2,724,521Net Assets 2023: -$684,6432023Assets 2024: $1,887,437Liabilities 2024: $2,803,173Net Assets 2024: -$915,7362024

Highlighted filing

2019

Assets$2,224,442
Liabilities$2,549,100
Net Assets-$324,658
Open 2019 Filing

Operations Trend

Revenue Growth79th percentile

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

$600K$400K$200K$0-$200K-$400KRevenue 2014: $18,376Expenses 2014: $24,705Net Income 2014: -$6,3292014Revenue 2015: $185,638Expenses 2015: $277,542Net Income 2015: -$91,9042015Revenue 2016: $216,933Expenses 2016: $260,148Net Income 2016: -$43,2152016Revenue 2017: $230,112Expenses 2017: $256,813Net Income 2017: -$26,7012017Revenue 2018: $223,792Expenses 2018: $278,952Net Income 2018: -$55,1602018Revenue 2019: $250,440Expenses 2019: $351,789Net Income 2019: -$101,3492019Revenue 2020: $274,911Expenses 2020: $301,993Net Income 2020: -$27,0822020Revenue 2021: $270,202Expenses 2021: $322,004Net Income 2021: -$51,8022021Revenue 2022: $271,167Expenses 2022: $368,046Net Income 2022: -$96,8792022Revenue 2023: $287,359Expenses 2023: $471,581Net Income 2023: -$184,2222023Revenue 2024: $308,733Expenses 2024: $539,826Net Income 2024: -$231,0932024

Highlighted filing

2019

Revenue$250,440
Expenses$351,789
Net Income-$101,349
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 9, 2020
Return Version
2018v3.1
Gross Receipts
$250,440
Mission and Program Overview

Mission

To provide clean, affordable housing to low-income residents in the south bronx, ny.

To provide affordable housing in the south bronx, new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,130,384$1,105,260▼ $25,124
Savings and Temporary Cash Investments$1,077,396--
Accounts Receivable$16,455$18,697▲ $2,242
Prepaid Expenses and Deferred Charges$2,939$2,705▼ $234
Cash and Non-Interest-Bearing Accounts$37,528$2,061▼ $35,467
Total Assets$2,269,299$2,224,442▼ $44,857
Other Assets Total$4,597$1,095,719▲ $1,091,122
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,778,953$1,782,776▲ $3,823
Other Liabilities$685,402$720,839▲ $35,437
Deferred Revenue$12,787$24,652▲ $11,865
Accounts Payable and Accrued Expenses$15,466$20,833▲ $5,367
Total Liabilities$2,492,608$2,549,100▲ $56,492
Net Assets / Fund Balance
Unrestricted Net Assets$-223,309$-324,658▼ $101,349
Total Net Assets Fund Balance$-223,309$-324,658▼ $101,349
Total Liabilities and Net Assets / Fund Balance$2,269,299$2,224,442▼ $44,857

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$986,168$223,629$1,209,797
Leasehold Improvements$78,661$17,838$96,499
Equipment$40,430$12,551$52,981
Land$1-$1
Other Assets Org$1,091,581--
Compensation and Service Providers
Top Officer Pay82nd percentile

Board Members and Trustees

NameTitle
Steve EdwardsBoard Chair
Debbian Fletcher-blakePresident/CEO
Zenali TiradoVice Chair
Elizabeth OwenDirector
Peggy ArroyoDirector
Donna LichtiDirector (outoging)
Frank KploanyiCFO
Salvatore GogliormellaSecretary
William TrustTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$233,111
Investment Income
$17,329
Other Revenue
$0
Change in Net Assets
$-101,349

Audited Revenue Reconciliation

Revenue per Audited Statements
$250,440
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$250,440
Total Revenue per Form 990
$250,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$351,789
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
Occupancy$156,843--$156,843
Fees for Services Other-$56,328-$56,328
Depreciation Depletion$55,250--$55,250
Interest$18,781--$18,781
Fees for Services Management-$18,079-$18,079
Insurance$11,816--$11,816
Fees for Services Accounting-$10,000-$10,000
Other Expenses$3,823$4,062-$3,823
Fees for Services Legal-$3,301-$3,301
Office Expenses-$2,586-$2,586
Total Functional Expenses$246,513$105,276$0$351,789

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$351,789
Total Expenses per Audited Statements$351,789
Total Expenses per Form 990$351,789
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$361,537
Due to Related Parties$355,164
Tenant Security Deposit$4,138
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The property management is handled by dougert management, an unrelated party hired by the entity. Asset management and resident services are carried out by the sponsor, vip community services, the entity compensated $17,231 for accounting and other administrative services.”

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

“The form 990 is prepared by an independent accountant and reviewed by the audit committee of the vip board and distributed to abraham apartments board for comments and approval.”

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

“The conflict of interest declarations are filled out on an annual basis and reviewed by the compliance officer and the board.”

Form 990, Part VI, Section C, Line 19

“All documents are available upon request at the management office.”

FORM 990, PART VII, SECTION A:

“Debbian fletcher-blake and frank kploanyi are officers of vip community services inc., a related organization. During the year, each of them worked 34.5 hours for vip community services inc. And affiliates and .5 hour each for the organization.”

Filing and Contact Details

Filer

Filer Name
Abraham Apartments Housing Development
EIN
46-3742490
Phone
7185835150
Address
1910 ARTHUR AVENUE, BRONX, NY 10457

Signing Officer

Name
William M Trust Jr
Title
CEO
Phone
7185835150
Signed
2020-04-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debbian Fletcher-blake
Formed
2014
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Marks Paneth Llp
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena M Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Superintendent: program service expenses 0. Management and general expenses 39,097. Fundraising expenses 0. Total expenses 39,097. Assent management and accounting fees: program service expenses 0. Management and general expenses 17,231. Fundraising expenses 0. Total expenses 17,231.”

FORM 990, PART XII, LINE 2C:

“No change in auditor selection and audit oversight process from the prior year”

Financial Statement Notes

PART X, LINE 2:

“The corporation believes it has no uncertain tax positions as of june 30, 2019 and 2018 in accordance with accounting standards codification ("asc") topic 740, "income taxes," which provides standards for establishing and classifying any tax provisions for uncertain tax positions.”

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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016217
IRS990/PYOtherExpensesAmt0278952
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0207575
IRS990/PYRevenuesLessExpensesAmt0-55160
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0278952
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0223792
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-101349
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0233111
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01077396
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt017239
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt016217
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt014077
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt010009
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03405
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt060947
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0233111
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0207575
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0216035
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0206924
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0182233
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01045878
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt017239
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt016217
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt014077
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt010009
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03405
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt060947
IRS990ScheduleA/InvestmentIncomeCYPct00.05510
IRS990ScheduleA/InvestmentIncomePYPct00.05050
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94490
IRS990ScheduleA/PublicSupportPY509Pct00.94950
IRS990ScheduleA/PublicSupportTotal509Amt01045878
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0233111
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0207575
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0216035
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0206924
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0182233
IRS990ScheduleA/Total509Grp/TotalAmt01045878
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0250350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0223792
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0230112
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0216933
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0185638
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01106825
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0986168
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0223629
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01209797
IRS990ScheduleD/EquipmentGrp/BookValueAmt040430
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012551
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052981
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0351789
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt078661
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017838
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt096499
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04138
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11091581
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04138
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1355164
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2361537
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0250440
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019 AND 2018 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01105260
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01095719
IRS990ScheduleD/TotalExpensesPerForm990Amt0351789
IRS990ScheduleD/TotalLiabilityAmt0720839
IRS990ScheduleD/TotalRevenuePerForm990Amt0250440
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0250440
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0351789
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0228000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1193904
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/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt127539
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DEBBIAN FLETCHER-BLAKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1FRANK KPLOANYI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0228000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1221443
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY MANAGEMENT IS HANDLED BY DOUGERT MANAGEMENT, AN UNRELATED PARTY HIRED BY THE ENTITY. ASSET MANAGEMENT AND RESIDENT SERVICES ARE CARRIED OUT BY THE SPONSOR, VIP COMMUNITY SERVICES, THE ENTITY COMPENSATED $17,231 FOR ACCOUNTING AND OTHER ADMINISTRATIVE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED BY THE AUDIT COMMITTEE OF THE VIP BOARD AND DISTRIBUTED TO ABRAHAM APARTMENTS BOARD FOR COMMENTS AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST DECLARATIONS ARE FILLED OUT ON AN ANNUAL BASIS AND REVIEWED BY THE COMPLIANCE OFFICER AND THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE MANAGEMENT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DEBBIAN FLETCHER-BLAKE AND FRANK KPLOANYI ARE OFFICERS OF VIP COMMUNITY SERVICES INC., A RELATED ORGANIZATION. DURING THE YEAR, EACH OF THEM WORKED 34.5 HOURS FOR VIP COMMUNITY SERVICES INC. AND AFFILIATES AND .5 HOUR EACH FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SUPERINTENDENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 39,097. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,097. ASSENT MANAGEMENT AND ACCOUNTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,231. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,231.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO CHANGE IN AUDITOR SELECTION AND AUDIT OVERSIGHT PROCESS FROM THE PRIOR YEAR
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 B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, SECTION A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,224,442
Liabilities
$2,549,100
Net assets
-$324,658
Revenue
$250,440
Expenses
$351,789
Net income
-$101,349
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$2.80$0.92$0.31$0.54$0.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$2.72$0.68$0.29$0.47$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.14$2.64$0.50$0.27$0.37$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$2.60$0.40$0.27$0.32$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$2.57$0.35$0.27$0.30$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.22$2.55$0.32$0.25$0.35$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$2.49$0.22$0.22$0.28$0.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$2.47$0.17$0.23$0.26$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.41$2.55$0.14$0.22$0.26$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.43$2.53$0.10$0.19$0.28$0.09
2014Summary only. Only limited summary data is available for this year.$2.50$2.51$0.01$0.02$0.02$0.01