Civic Intelligence

Abilene Housing Inc.

990 • Fiscal year 2022 • EIN 48-0853525

Oct 01, 2021 to Sep 30, 2022 • Filed on Jan 10, 2023

601 N BuckeyeAbilene, KS 67410

(785) 263-1098

Siviq Scores

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

Liabilities / Assets

79th percentile

0.37x

Higher debt load relative to assets than 79% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

1.22x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

36th percentile

0.5%

Higher net margin than 36% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

50th percentile

$58,232

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

24th percentile

-7.3%

Faster asset growth than 24% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

42nd percentile

1.0%

Faster revenue growth than 42% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,737,084

Down $135,990 (-7.3%) from 2021

Net Assets

Down

$1,095,906

Down $55,027 (-4.8%) from 2021

Liabilities

Down

$641,178

Down $80,963 (-11%) from 2021

Revenue

Up

$526,843

Up $5,211 (+1.0%) from 2021

Expenses

Up

$524,292

Up $30,650 (+6.2%) from 2021

Net Income

Down

$2,551

Down $25,439 (-91%) from 2021

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 2010: $1,112,413Liabilities 2010: $790,966Net Assets 2010: $321,4472010Assets 2011: $1,055,938Liabilities 2011: $724,068Net Assets 2011: $331,8702011Assets 2012: $1,056,480Liabilities 2012: $650,485Net Assets 2012: $405,9952012Assets 2013: $1,034,403Liabilities 2013: $573,639Net Assets 2013: $460,7642013Assets 2014: $1,359,003Liabilities 2014: $816,868Net Assets 2014: $542,1352014Assets 2015: $1,324,971Liabilities 2015: $687,209Net Assets 2015: $637,7622015Assets 2016: $1,336,273Liabilities 2016: $593,640Net Assets 2016: $742,6332016Assets 2017: $1,332,903Liabilities 2017: $506,296Net Assets 2017: $826,6072017Assets 2018: $1,910,681Liabilities 2018: $988,171Net Assets 2018: $922,5102018Assets 2019: $1,865,406Liabilities 2019: $907,447Net Assets 2019: $957,9592019Assets 2020: $1,867,446Liabilities 2020: $805,493Net Assets 2020: $1,061,9532020Assets 2021: $1,873,074Liabilities 2021: $722,141Net Assets 2021: $1,150,9332021Assets 2022: $1,737,084Liabilities 2022: $641,178Net Assets 2022: $1,095,9062022Assets 2023: $2,065,006Liabilities 2023: $947,887Net Assets 2023: $1,117,1192023Assets 2024: $2,046,633Liabilities 2024: $869,530Net Assets 2024: $1,177,1032024Assets 2025: $2,029,625Liabilities 2025: $791,806Net Assets 2025: $1,237,8192025

Highlighted filing

2022

Assets$1,737,084
Liabilities$641,178
Net Assets$1,095,906

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $431,2542010Expenses 2011: $456,8772011Expenses 2012: $403,0532012Expenses 2013: $430,2912013Revenue 2014: $466,732Expenses 2014: $405,079Net Income 2014: $61,6532014Revenue 2015: $502,303Expenses 2015: $402,238Net Income 2015: $100,0652015Revenue 2016: $520,883Expenses 2016: $425,064Net Income 2016: $95,8192016Revenue 2017: $505,509Expenses 2017: $443,217Net Income 2017: $62,2922017Revenue 2018: $543,453Expenses 2018: $468,218Net Income 2018: $75,2352018Revenue 2019: $522,030Expenses 2019: $485,176Net Income 2019: $36,8542019Revenue 2020: $568,239Expenses 2020: $456,805Net Income 2020: $111,4342020Revenue 2021: $521,632Expenses 2021: $493,642Net Income 2021: $27,9902021Revenue 2022: $526,843Expenses 2022: $524,292Net Income 2022: $2,5512022Revenue 2023: $523,073Expenses 2023: $546,455Net Income 2023: -$23,3822023Revenue 2024: $559,342Expenses 2024: $598,428Net Income 2024: -$39,0862024Revenue 2025: $586,741Expenses 2025: $580,432Net Income 2025: $6,3092025

Highlighted filing

2022

Revenue$526,843
Expenses$524,292
Net Income$2,551
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jan 10, 2023
Return Version
2021v4.2
Gross Receipts
$526,843
Mission and Program Overview

Mission

Abilene housing, inc. Was formed and organized as a kansas not-for-profit corporation to provide housing for the low-income elderly. Frontier estates provides activities, services and programs to enrich and enhance the lives of the tenants. The environment also provides the tenants who are similar in age, companionship with others who have similar interests and experiences.

Providing low-income housing and social activities for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,001,512$974,284▼ $27,228
Cash and Non-Interest-Bearing Accounts$520,953$469,641▼ $51,312
Investments in Publicly Traded Securities$316,382$258,804▼ $57,578
Savings and Temporary Cash Investments$34,227$34,355▲ $128
Total Assets$1,873,074$1,737,084▼ $135,990
Liabilities
Mortgage Notes Payable Secured by Investment Property$664,590$564,709▼ $99,881
Accounts Payable and Accrued Expenses$34,118$56,045▲ $21,927
Escrow Account Liability$23,433$20,424▼ $3,009
Total Liabilities$722,141$641,178▼ $80,963
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,059,352$1,006,645▼ $52,707
Total Net Assets Fund Balance$1,150,933$1,095,906▼ $55,027
Total Liabilities and Net Assets / Fund Balance$1,873,074$1,737,084▼ $135,990

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$802,801$1,882,914$2,685,715
Equipment$64,069$165,108$229,177
Land$107,414-$107,414
Other Land Buildings$0--
Leasehold Improvements$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022----$0
2021----$0
2020----$0
2019----$0
2018----$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sally NelsonManagerFT$58,232$58,232

Board Members and Trustees

NameTitle
Dennis Biggs MDBoard Chair
R Harold CourtoisPresident Secretary
Andrea TaylorBoard Member
Elgin J GlanzerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,106
Program Service Revenue
$509,031
Investment Income
$15,706
Other Revenue
$0
All Other Contributions
$2,106
Change in Net Assets
$2,551

Audited Revenue Reconciliation

Revenue per Audited Statements
$526,843
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-57,578
Total Revenue per Audited Statements
$469,265
Total Revenue per Form 990
$526,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$436,201
Salaries, Compensation, and Employee Benefits$88,091
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$156,161--$156,161
Depreciation Depletion-$124,548-$124,548
Fees for Services Management$67,042$16,760-$83,802
Current Officers, Directors, Trustees, and Key Employees$58,232--$58,232
Other Salaries and Wages$29,100--$29,100
Interest-$19,944-$19,944
Office Expenses$10,975--$10,975
Insurance$10,289--$10,289
Fees for Services Other$9,989--$9,989
Fees for Services Accounting$9,100--$9,100
Information Technology$7,249--$7,249
Advertising$2,318--$2,318
Conferences and Meetings$1,716--$1,716
Payroll Taxes$1,613--$1,613
Other Expenses$110--$110
Other Employee Benefits$-854--$-854
Total Functional Expenses$363,040$161,252$0$524,292

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$524,292
Total Expenses per Audited Statements$524,292
Total Expenses per Form 990$524,292
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3

Abilene Housing, Inc (AHI) is affiliated with Memorial Health Systems (MHS). AHI entered into an agreement with MHS for management services. MHS is responsible for appointing members to AHI's board of directors. However, MHS's accountability does not extend beyond making the appointments, and MHS makes no appropriations to AHI. AHI and the Frontier Estates Project pay a management fee to MHS on a contractual basis for the management of AHI's operations.

Form 990, Part VI, Line 11B

IRS Form 990 is prepared by a certified public accountant engaged by the Organization after the audited financial statements are completed. A draft of IRS Form 990 is sent to the board of directors and management for their review. Once all questions have been resolved, the board authorizes the return to be filed with the IRS.

Form 990, Part VI, Line 12C

The Organization provides the personnel policy to all employees, which includes the conflict of interest policy. There is no formal monitoring process. However, because of the size of the Organization and the nature of the business, management is aware of any potential conflicts of interest and is able to enforce compliance in a timely manner.

Form 990, Part VI, Line 19

The Organization's documents which are subject to public inspection laws are available to any member of the public upon a written request submitted to the Organization's mailing address.

Filing and Contact Details

Filer

Filer Name
Abilene Housing Inc
EIN
48-0853525
Phone
7852631098
Address
601 N Buckeye, Abilene, KS 67410

Signing Officer

Name
Elgin J Glanzer
Title
Treasurer
Phone
7852631098
Signed
2023-01-10

Organization Details

Formed
1978
Legal Domicile
Ks
Voting Board Members
4
Independent Board Members
4
Employees
9
Volunteers
7

Preparer

Firm
Kientz & Penick CPAs LLC
Address
4645 Sunflower Slope Dr, Manhattan, KS 66502
Preparer
Eric Kientz
Phone
7858177716
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B - Custodial Liabilities

A custodial liability is maintained to account for security deposits received from tenants. These funds may only be used to cover costs of fixing damage to residential units beyond ordinary wear and tear by the tenant who provided the deposit. Any unused security deposit must be returned to the tenant upon the termination of the tenant's rental services.

Part X, Line 2 - Liability for Uncertain Tax Positions

The Organization is a not-for-profit corporation exempt from federal income taxes under Code Section 501(c)(3) of the Internal Revenue Code. However, the Organization is subject to federal income tax on any unrelated business taxable income. The Organization has adopted the application of the uncertain tax position provisions of FASB ASC 740, Income Taxes. The Organization evaluates its uncertain tax positions using the provisions of FASB ASC 450, Contingencies. Accordingly, a loss contingency would be recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. As of September 30, 2022, and 2021, there were no uncertain tax positions identified. The Organization is no longer subject to tax examinations by tax authorities for Forms 990, Return of Organization Exempt from Income Tax, for fiscal years before September 30, 2019.

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IRS990/PYInvestmentIncomeAmt01306
IRS990/PYOtherExpensesAmt0407865
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0517892
IRS990/PYRevenuesLessExpensesAmt027990
IRS990/PYSalariesCompEmpBnftPaidAmt085777
IRS990/PYTotalExpensesAmt0493642
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0521632
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt02551
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034227
IRS990/SavingsAndTempCashInvstGrp/EOYAmt034355
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt00
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CarryoverPYNotAppliedAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistriAppDistributableAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistribAppUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYTotalAnnualDistributionsAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt00
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt00
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt00
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt00
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt00
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02106
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02434
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01123
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0561
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01571
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt07795
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt015706
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01306
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01462
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09840
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010142
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt038456
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0509031
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0517892
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0536753
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0521469
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0541882
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02627027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt015706
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01306
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01462
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09840
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010142
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt038456
IRS990ScheduleA/InvestmentIncomeCYPct00.01440
IRS990ScheduleA/InvestmentIncomePYPct00.01110
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.58000
IRS990ScheduleA/PublicSupportPY509Pct00.58000
IRS990ScheduleA/PublicSupportTotal509Amt01554319
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0192951
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0204932
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0228946
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0226236
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0227438
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01080503
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0192951
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0204932
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0228946
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0226236
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0227438
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01080503
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0511137
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0520326
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0537876
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0522030
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0543453
IRS990ScheduleA/Total509Grp/TotalAmt02634822
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0526843
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0521632
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0539338
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0531870
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0553595
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02673278
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0802801
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01882914
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02685715
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/EndingBalanceAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt064069
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0165108
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0229177
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0524292
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0107414
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0107414
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-57578
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/RevenueNotReportedAmt0-57578
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0526843
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0A custodial liability is maintained to account for security deposits received from tenants. These funds may only be used to cover costs of fixing damage to residential units beyond ordinary wear and tear by the tenant who provided the deposit. Any unused security deposit must be returned to the tenant upon the termination of the tenant's rental services.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Organization is a not-for-profit corporation exempt from federal income taxes under Code Section 501(c)(3) of the Internal Revenue Code. However, the Organization is subject to federal income tax on any unrelated business taxable income. The Organization has adopted the application of the uncertain tax position provisions of FASB ASC 740, Income Taxes. The Organization evaluates its uncertain tax positions using the provisions of FASB ASC 450, Contingencies. Accordingly, a loss contingency would be recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. As of September 30, 2022, and 2021, there were no uncertain tax positions identified. The Organization is no longer subject to tax examinations by tax authorities for Forms 990, Return of Organization Exempt from Income Tax, for fiscal years before September 30, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2B - Custodial Liabilities
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2 - Liability for Uncertain Tax Positions
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0974284
IRS990ScheduleD/TotalBookValueOtherAssetsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0524292
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0526843
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0469265
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0524292
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Abilene Housing, Inc (AHI) is affiliated with Memorial Health Systems (MHS). AHI entered into an agreement with MHS for management services. MHS is responsible for appointing members to AHI's board of directors. However, MHS's accountability does not extend beyond making the appointments, and MHS makes no appropriations to AHI. AHI and the Frontier Estates Project pay a management fee to MHS on a contractual basis for the management of AHI's operations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IRS Form 990 is prepared by a certified public accountant engaged by the Organization after the audited financial statements are completed. A draft of IRS Form 990 is sent to the board of directors and management for their review. Once all questions have been resolved, the board authorizes the return to be filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization provides the personnel policy to all employees, which includes the conflict of interest policy. There is no formal monitoring process. However, because of the size of the Organization and the nature of the business, management is aware of any potential conflicts of interest and is able to enforce compliance in a timely manner.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization's documents which are subject to public inspection laws are available to any member of the public upon a written request submitted to the Organization's mailing address.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.79$1.24$0.59$0.58$0.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$0.87$1.18$0.56$0.60$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.95$1.12$0.52$0.55$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.74$0.64$1.10$0.53$0.52$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.72$1.15$0.52$0.49$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.81$1.06$0.57$0.46$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.91$0.96$0.52$0.49$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.99$0.92$0.54$0.47$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.51$0.83$0.51$0.44$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.59$0.74$0.52$0.43$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.32$0.69$0.64$0.50$0.40$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.36$0.82$0.54$0.47$0.41$0.06
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.57$0.46$0.43
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.65$0.41$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.72$0.33$0.46
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.79$0.32$0.43