Civic Intelligence

Indianapolis Ministries 2 Inc.

990 • Fiscal year 2017 • EIN 47-5178185

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 09, 2018

1999 broadway suite 1000denver, CO 80202

(303) 830-3300

Siviq Scores

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

Liabilities / Assets

78th percentile

0.45x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

1.17x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

95th percentile

$330,633

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 31.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

48th percentile

2.6%

Faster asset growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-34%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,709,210

Up $69,022 (+2.6%) from 2016

Net Assets

Up

$1,496,571

Up $88,790 (+6.3%) from 2016

Liabilities

Down

$1,212,639

Down $19,768 (-1.6%) from 2016

Revenue

Down

$1,035,585

Down $538,756 (-34%) from 2016

Expenses

Up

$746,926

Up $580,366 (+348%) from 2016

Net Income

Down

$288,659

Down $1,119,122 (-79%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $2,640,188Liabilities 2016: $1,232,407Net Assets 2016: $1,407,7812016Assets 2017: $2,709,210Liabilities 2017: $1,212,639Net Assets 2017: $1,496,5712017Assets 2018: $2,744,984Liabilities 2018: $1,195,701Net Assets 2018: $1,549,2832018Assets 2019: $2,702,457Liabilities 2019: $1,165,533Net Assets 2019: $1,536,9242019Assets 2020: $2,616,316Liabilities 2020: $1,134,686Net Assets 2020: $1,481,6302020Assets 2021: $2,556,472Liabilities 2021: $1,125,643Net Assets 2021: $1,430,8292021Assets 2022: $2,490,508Liabilities 2022: $1,080,268Net Assets 2022: $1,410,2402022Assets 2023: $2,524,782Liabilities 2023: $1,070,078Net Assets 2023: $1,454,7042023Assets 2024: $2,552,059Liabilities 2024: $1,030,116Net Assets 2024: $1,521,9432024

Highlighted filing

2017

Assets$2,709,210
Liabilities$1,212,639
Net Assets$1,496,571

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2016: $1,574,341Expenses 2016: $166,560Net Income 2016: $1,407,7812016Revenue 2017: $1,035,585Expenses 2017: $746,926Net Income 2017: $288,6592017Revenue 2018: $1,073,092Expenses 2018: $861,925Net Income 2018: $211,1672018Revenue 2019: $1,128,189Expenses 2019: $814,141Net Income 2019: $314,0482019Revenue 2020: $1,134,051Expenses 2020: $866,475Net Income 2020: $267,5762020Revenue 2021: $1,160,359Expenses 2021: $894,294Net Income 2021: $266,0652021Revenue 2022: $1,188,980Expenses 2022: $938,362Net Income 2022: $250,6182022Revenue 2023: $1,243,997Expenses 2023: $968,113Net Income 2023: $275,8842023Revenue 2024: $1,361,754Expenses 2024: $968,614Net Income 2024: $393,1402024

Highlighted filing

2017

Revenue$1,035,585
Expenses$746,926
Net Income$288,659
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 9, 2018
Return Version
2016v3.0
Gross Receipts
$1,035,585
Mission and Program Overview

Mission

Indianapolis ministries 2, inc. (the "corporation") is a wholly owned subsidiary of mercy housing wheaton nfp. The corporation is a not-for-profit corporation formed on september 25, 2015, in accordance with the not-for-profit statutes of the state of indiana. The corporation was formed for the purpose of acquiring, owning, and operating a 140-unit apartment community located in indianapolis, indiana known as spruce manor (the "property"). Which provides housing and related services for very low income elderly or disabled persons. The corporation receives housing assistance and capital advances from the u.s. Department of housing and urban development pursuant to section 202 of the national housing act, as amended.

Indianapolis Ministries 2, Inc. (the "Corporation") is a wholly owned subsidiary of Mercy Housing, Inc. ("MHI"). The Corporation is a Not-for-Profit Corporation formed on September 25, 2015, in accordance with the not-for-profit statutes of the state of Indiana. The Corporation was formed for the purpose of acquiring, owning, and operating a 140-unit apartment community located in Indianapolis, Indiana known as Spruce Manor (the "Property"). WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY OR DISABLED PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE AND CAPITAL ADVANCES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,938,166$1,892,398▼ $45,768
Rtn Earn Endowment Incm Other Fnds$1,407,781--
Investments Program Related$0$615,717▲ $615,717
Cash and Non-Interest-Bearing Accounts$102,236$92,393▼ $9,843
Accounts Receivable$12,511$24,373▲ $11,862
Total Assets$2,640,188$2,709,210▲ $69,022
Other Assets Total$587,275$84,329▼ $502,946
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,150,636$1,123,985▼ $26,651
Accounts Payable and Accrued Expenses$38,898$42,964▲ $4,066
Other Liabilities$35,087$37,780▲ $2,693
Deferred Revenue$7,786$7,910▲ $124
Total Liabilities$1,232,407$1,212,639▼ $19,768
Net Assets / Fund Balance
Unrestricted Net Assets-$1,496,571-
Total Net Assets Fund Balance$1,407,781$1,496,571▲ $88,790
Total Liabilities and Net Assets / Fund Balance$2,640,188$2,709,210▲ $69,022

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,775,421$57,222$1,832,643
Land$116,977-$116,977
Investment Program Related Org$89,133--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bruce SaabDirector/Vice president$143,917$143,917
Joe RosenblumDirector/Secretary$104,366$104,366
Kassidi BoeningDirector$104,246$104,246

Board Members and Trustees

NameTitle
Susan DillbergChair - Director
Melissa ClaytonDirector/President
Susan KarrenbauerPresident - Director
Steve SpearsVice president
Ron JacksonDirector
Shari KoehlerSecretary/treasurer - Director
Vince DoddsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,035,444
Investment Income
$141
Other Revenue
$0
Change in Net Assets
$288,659

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,035,585
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,035,585
Total Revenue per Form 990
$1,035,585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$687,611
Salaries, Compensation, and Employee Benefits$59,315
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$84,976-$84,976
Other Salaries and Wages-$59,315-$59,315
Depreciation Depletion$45,768--$45,768
Insurance$43,020--$43,020
All Other Expenses$11,856$11,645-$23,501
Fees for Services Accounting-$19,764-$19,764
Other Expenses$14,809--$14,809
Office Expenses-$12,552-$12,552
Advertising-$4,612-$4,612
Fees for Services Legal-$1,490-$1,490
Conferences and Meetings-$498-$498
Total Functional Expenses$552,074$194,852$0$746,926

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$746,926
Total Expenses per Audited Statements$746,926
Total Expenses per Form 990$746,926
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
Tenant Security Deposits$37,780
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

INDIANAPOLIS MINISTRIES 2, INC. is a nonstock, nonprofit corporation with Mercy Housing wheaton, Inc. as the sole member.

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

The board of trustees of mercy housing, Inc. has authority over INDIANAPOLIS MINISTRIES 2, INC. in various aspects of operations and management. The reserved rights held by the mercy housing board of trustees, which may be further delegated to the president and CEO of Mercy Housing, Inc., include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions; establishment of new entities; pledging, mortgaging or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and, appointment or removal of governing board members and officers

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

SAME AS LINE 7A.

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

Each member is given the opportunity to review the return before it is filed.

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

The audit committee of Mercy Housing, Inc. reviews periodically the conflict of interest disclosures and determines whether any action is required.

Form 990, Part VI, Section B, line 15

The process for determining compensation for the president, chairman, officers, and directors is determined by an employee benefits committee, which is appointed by the board of directors of Mercy Housing, Inc. to ensure competitiveness, wages are compared to other affordable housing organizations, both for- and not-for-profit, or the local market for positions applicable to a broader competitive market. Mercy Housing, Inc. will comply with all applicable federal and state labor laws and regulations. The process will be administered according to the relevant human resource operational policies and by the human resource department with direction from the senior leadership team. The CEO will make a report to the board of trustees on implementation of the wage and benefit program annually. Periodically the executive committee within the Mercy Housing, Inc. board of trustees will review executive salaries to ensure competitiveness and reasonableness with external markets and for internal equity in relation to general employee wages and benefits, individual and organizational performance, and the financial resources of the organization.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Part VII

The information related to the compensation of the officers/directors during the period that franciscan ministries inc sponsored the entity is not available as that entity (fmi) is no longer in existence. The officers and compensation for the current sponsor - mercy housing inc and affiliates - has been reported.

Filing and Contact Details

Filer

Filer Name
Indianapolis Ministries 2 Inc
EIN
47-5178185
Phone
3038303300
Address
1999 broadway suite 1000, denver, CO 80202

Signing Officer

Name
vince dodds
Title
treasurer
Phone
3038303300
Signed
2018-04-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
melissa clayton
Formed
2015
Legal Domicile
In
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
525 NORTH TRYON STREET, CHARLOTTE, NC 28202
Preparer
Kathy Blackburn
Phone
7043329100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Distributions to members - prior to mercy housing sponsorship -199,870.

form 990, part XII, line 2C:

Responsibility for selection of an independent accountant and oversight of the annual audit is reserved by the Mercy Housing, Inc. board of trustees.

Financial Statement Notes

Part X, Line 2:

The Corporation has elected tax exempt status under Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended June 30, 2017. Due to its tax exempt status, the Corporation is not subject to income taxes. The Corporation is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2014 remain open.

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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt043020
IRS990/InsuranceGrp/TotalAmt043020
IRS990/InvestmentIncomeGrp/ExclusionAmt0141
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0141
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0615717
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt057222
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01938166
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01892398
IRS990/LandBldgEquipCostOrOtherBssAmt01949620
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Indianapolis Ministries 2, Inc. (the "Corporation") is a wholly owned subsidiary of Mercy Housing, Inc. ("MHI"). The Corporation is a Not-for-Profit Corporation formed on September 25, 2015, in accordance with the not-for-profit statutes of the state of Indiana. The Corporation was formed for the purpose of acquiring, owning, and operating a 140-unit apartment community located in Indianapolis, Indiana known as Spruce Manor (the "Property"). WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY OR DISABLED PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE AND CAPITAL ADVANCES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01150636
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01123985
IRS990/NetAssetsOrFundBalancesBOYAmt01407781
IRS990/NetAssetsOrFundBalancesEOYAmt01496571
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012552
IRS990/OfficeExpensesGrp/TotalAmt012552
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0587275
IRS990/OtherAssetsTotalGrp/EOYAmt084329
IRS990/OtherChangesInNetAssetsAmt0-199870
IRS990/OtherExpensesGrp/Desc0Operating and maintenan
IRS990/OtherExpensesGrp/Desc1Utilities
IRS990/OtherExpensesGrp/Desc2Financial Expenses
IRS990/OtherExpensesGrp/Desc3Nursing Home care
IRS990/OtherExpensesGrp/ProgramServicesAmt0255352
IRS990/OtherExpensesGrp/ProgramServicesAmt1133545
IRS990/OtherExpensesGrp/ProgramServicesAmt247724
IRS990/OtherExpensesGrp/ProgramServicesAmt314809
IRS990/OtherExpensesGrp/TotalAmt0255352
IRS990/OtherExpensesGrp/TotalAmt1133545
IRS990/OtherExpensesGrp/TotalAmt247724
IRS990/OtherExpensesGrp/TotalAmt314809
IRS990/OtherLiabilitiesGrp/BOYAmt035087
IRS990/OtherLiabilitiesGrp/EOYAmt037780
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt059315
IRS990/OtherSalariesAndWagesGrp/TotalAmt059315
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0melissa clayton
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/Desc1ancillary services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01022889
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112555
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01022889
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112555
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01465658
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt041
IRS990/PYOtherExpensesAmt0166560
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0108642
IRS990/PYRevenuesLessExpensesAmt01407781
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0166560
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01574341
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0288659
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt01035444
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01407781
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. THESE ANCILLARY SERVICES ARE REPORTED AS PROGRAM SERVICE REVENUE FOR 6/30/2017 YEAR END.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0141
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt041
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01035444
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01574300
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02609744
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0141
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0182
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt02609744
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01035444
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01574300
IRS990ScheduleA/Total509Grp/TotalAmt02609744
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01035585
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01574341
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02609926
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01775421
IRS990ScheduleD/BuildingsGrp/DepreciationAmt057222
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01832643
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0746926
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0526584
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt189133
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0116977
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0116977
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt037780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01035585
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation has elected tax exempt status under Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended June 30, 2017. Due to its tax exempt status, the Corporation is not subject to income taxes. The Corporation is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2014 remain open.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01892398
IRS990ScheduleD/TotalBookValueProgramRltdAmt0615717
IRS990ScheduleD/TotalExpensesPerForm990Amt0746926
IRS990ScheduleD/TotalLiabilityAmt037780
IRS990ScheduleD/TotalRevenuePerForm990Amt01035585
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01035585
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0746926
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0198698
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1136291
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2285664
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3184725
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt05960
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt11442
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt27413
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt37812
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt021265
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt124362
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt237556
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt325512
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Melissa Clayton
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Ron Jackson

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