Civic Intelligence

Salem Housing Development Corporation

990 • Fiscal year 2011 • EIN 47-0635210

Jan 01, 2011 to Dec 31, 2011 • Filed on Aug 30, 2012

Organization ProfileN/A
16910 Frances Street68130-2399
Siviq Scores

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

Liabilities / Assets

95th percentile

1.33x

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

2011 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

54th percentile

1.2%

Faster asset growth than 54% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$1,600,057

Up $19,323 (+1.2%) from 2010

Net Assets

Up

-$533,215

Up $23,595 (+4.2%) from 2010

Liabilities

Down

$2,133,272

Down $4,272 (-0.2%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$401,120

Down $67,491 (-14%) from 2010

Net Income

-

No earlier filing loaded for comparison.

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 2010: $1,580,734Liabilities 2010: $2,137,544Net Assets 2010: -$556,8102010Assets 2011: $1,600,057Liabilities 2011: $2,133,272Net Assets 2011: -$533,2152011Assets 2012: $1,562,089Liabilities 2012: $2,173,478Net Assets 2012: -$611,3892012Assets 2013: $1,453,500Liabilities 2013: $2,108,041Net Assets 2013: -$654,5412013Assets 2014: $1,340,985Liabilities 2014: $2,044,286Net Assets 2014: -$703,3012014Assets 2015: $1,273,567Liabilities 2015: $2,034,942Net Assets 2015: -$761,3752015Assets 2016: $1,308,740Liabilities 2016: $2,060,438Net Assets 2016: -$751,6982016Assets 2017: $1,283,702Liabilities 2017: $2,001,233Net Assets 2017: -$717,5312017Assets 2018: $1,075,199Liabilities 2018: $1,915,360Net Assets 2018: -$840,1612018Assets 2019: $1,149,529Liabilities 2019: $1,868,302Net Assets 2019: -$718,7732019Assets 2020: $1,085,539Liabilities 2020: $1,822,767Net Assets 2020: -$737,2282020Assets 2021: $997,580Liabilities 2021: $1,778,268Net Assets 2021: -$780,6882021Assets 2022: $956,311Liabilities 2022: $1,744,187Net Assets 2022: -$787,8762022Assets 2023: $879,622Liabilities 2023: $1,676,548Net Assets 2023: -$796,9262023Assets 2024: $917,945Liabilities 2024: $1,648,036Net Assets 2024: -$730,0912024

Highlighted filing

2011

Assets$1,600,057
Liabilities$2,133,272
Net Assets-$533,215
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KExpenses 2010: $468,6112010Expenses 2011: $401,1202011Expenses 2012: $513,7802012Revenue 2013: $434,500Expenses 2013: $477,652Net Income 2013: -$43,1522013Revenue 2014: $449,236Expenses 2014: $497,996Net Income 2014: -$48,7602014Revenue 2015: $447,174Expenses 2015: $485,441Net Income 2015: -$38,2672015Revenue 2016: $546,780Expenses 2016: $537,103Net Income 2016: $9,6772016Revenue 2017: $453,520Expenses 2017: $419,353Net Income 2017: $34,1672017Revenue 2018: $467,690Expenses 2018: $580,716Net Income 2018: -$113,0262018Revenue 2019: $525,584Expenses 2019: $405,772Net Income 2019: $119,8122019Revenue 2020: $480,200Expenses 2020: $458,340Net Income 2020: $21,8602020Revenue 2021: $482,802Expenses 2021: $527,358Net Income 2021: -$44,5562021Revenue 2022: $495,493Expenses 2022: $490,177Net Income 2022: $5,3162022Revenue 2023: $511,647Expenses 2023: $520,697Net Income 2023: -$9,0502023Revenue 2024: $535,102Expenses 2024: $535,072Net Income 2024: $302024

Highlighted filing

2011

Revenue-
Expenses$401,120
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Aug 30, 2012
Return Version
2011v1.2
Gross Receipts
$424,715
Mission and Program Overview

Mission

Salem housing develpment corporation is a not-for-profit corporation that was formed may 15, 1981 under the not-for-profit statues of the state of nebraska. The corporation was formed for the purpose of operating a 50 unit community known as j.c. Wade senior villa located in omaha, nebraska, which provides housing for low income elderly persons.

Filing and Contact Details

Filer

EIN
47-0635210
Raw XML AppendixShowing 400 of 455 raw XML fields

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IRS990/ActivityOrMissionDescription0SALEM HOUSING DEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT CORPORATION THAT WAS FORMED MAY 15, 1981 UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NEBRASKA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 50 UNIT COMMUNITY KNOWN AS J.C. WADE SENIOR VILLA LOCATED IN OMAHA, NEBRASKA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 5OL(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
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IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0SALEM HOUSING DEVELOPMENT CORPORATION IS MANAGED BY SELDIN CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. SELDIN CORPORATION HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED SELDIN CORPORATION TO MANAGE THE SALEM HOUSING DEVELOPMENT CORPORATION APARTMENT COMMUNITY.
IRS990ScheduleO/GeneralExplanation/Explanation1THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation2REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS IN COMPLIANCE.
IRS990ScheduleO/GeneralExplanation/Explanation3THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/GeneralExplanation/Explanation5SELDIN CORPORATION IS THE MANAGEMENT COMPANY AND EMPLOYS THE INDIVIDUALS WHO WORK AT THE PROJECT. SALEM HOUSING DEVELOPMENT CORPORATION REIMBURSES THE MANAGEMENT COMPANY FOR THE EMPLOYEE'S SALARIES AND OTHER COSTS ASSOCIATED WITH THEIR EMPLOYMENT.
IRS990ScheduleO/GeneralExplanation/Identifier0OVERSIGHT OF AUDITING FUNCTION
IRS990ScheduleO/GeneralExplanation/Identifier1SHARING OF PAID EMPLOYEES
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XII: LINE 2C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, SCHEDULE R, PART V, LINE 1N
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0NE
IRS990/StatesWhereCopyOfReturnIsFiled0NE
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1016910 FRANCES STREET
IRS990/TheBooksAreInCareOf/AddressUS/City0OMAHA
IRS990/TheBooksAreInCareOf/AddressUS/State0NE
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode068130
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10MARVIN KELLOGG
IRS990/TheBooksAreInCareOf/TelephoneNumber04023337373
IRS990/TotalAssets/BOY01580734
IRS990/TotalAssetsBOY01580734
IRS990/TotalAssets/EOY01600057
IRS990/TotalAssetsEOY01600057
IRS990/TotalCompGT150K00
IRS990/TotalContributions0307779
IRS990/TotalExpensesCurrentYear0401120
IRS990/TotalExpensesPriorYear0468611
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral080095
IRS990/TotalFunctionalExpenses/ProgramServices0321025
IRS990/TotalFunctionalExpenses/Total0401120
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY02137544
IRS990/TotalLiabilitiesBOY02137544
IRS990/TotalLiabilities/EOY02133272
IRS990/TotalLiabilitiesEOY02133272
IRS990/TotalLiabNetAssetsFundBalances/BOY01580734
IRS990/TotalLiabNetAssetsFundBalances/EOY01600057
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers00

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,600,057
Liabilities
$2,133,272
Net assets
-$533,215
Revenue
-
Expenses
$401,120
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.92$1.65$0.73$0.54$0.54$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.88$1.68$0.80$0.51$0.52$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.96$1.74$0.79$0.50$0.49$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.00$1.78$0.78$0.48$0.53$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.09$1.82$0.74$0.48$0.46$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.15$1.87$0.72$0.53$0.41$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.08$1.92$0.84$0.47$0.58$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.28$2.00$0.72$0.45$0.42$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.31$2.06$0.75$0.55$0.54$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.27$2.03$0.76$0.45$0.49$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.34$2.04$0.70$0.45$0.50$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.45$2.11$0.65$0.43$0.48$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$2.17$0.61$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$2.13$0.53$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$2.14$0.56$0.47