Civic Intelligence

Stewart Park Housing Development Fund Company Inc

990 • Fiscal year 2020 • EIN 51-0180570

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 30, 2020

Organization ProfileN/A
101 Columbia StreetCorning, NY 14830

(607) 937-5361

Siviq Scores

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

Liabilities / Assets

12th percentile

0.02x

Higher debt load relative to assets than 12% of similar nonprofits.

2020 filings • NTEE L • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

9th percentile

0.05x

Higher debt load relative to revenue than 9% of similar nonprofits.

2020 filings • NTEE L • $1M-$5M nonprofits • Source year 2020

Net Margin

86th percentile

21%

Higher net margin than 86% of similar nonprofits.

2020 filings • NTEE L • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • NTEE L • $1M-$5M nonprofits • Source year 2020

Asset Growth

79th percentile

5.0%

Faster asset growth than 79% of similar nonprofits.

2020 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

59th percentile

3.9%

Faster revenue growth than 59% of similar nonprofits.

2020 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$4,404,465

Up $209,460 (+5.0%) from 2019

Net Assets

Up

$4,336,413

Up $294,005 (+7.3%) from 2019

Liabilities

Down

$68,052

Down $84,545 (-55%) from 2019

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin86th percentile

Revenue

Up

$1,391,871

Up $51,611 (+3.9%) from 2019

Expenses

Up

$1,097,866

Up $46,934 (+4.5%) from 2019

Net Income

Up

$294,005

Up $4,677 (+1.6%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,937,024Liabilities 2011: $923,214Net Assets 2011: $2,013,8102011Assets 2012: $2,950,539Liabilities 2012: $691,869Net Assets 2012: $2,258,6702012Assets 2013: $3,113,831Liabilities 2013: $491,153Net Assets 2013: $2,622,6782013Assets 2014: $2,998,438Liabilities 2014: $73,539Net Assets 2014: $2,924,8992014Assets 2015: $3,172,051Liabilities 2015: $54,006Net Assets 2015: $3,118,0452015Assets 2016: $3,415,668Liabilities 2016: $67,539Net Assets 2016: $3,348,1292016Assets 2017: $3,627,094Liabilities 2017: $84,778Net Assets 2017: $3,542,3162017Assets 2018: $3,826,242Liabilities 2018: $73,162Net Assets 2018: $3,753,0802018Assets 2019: $4,195,005Liabilities 2019: $152,597Net Assets 2019: $4,042,4082019Assets 2020: $4,404,465Liabilities 2020: $68,052Net Assets 2020: $4,336,4132020Assets 2021: $4,617,518Liabilities 2021: $73,712Net Assets 2021: $4,543,8062021Assets 2022: $5,007,883Liabilities 2022: $194,941Net Assets 2022: $4,812,9422022Assets 2023: $5,228,812Liabilities 2023: $254,161Net Assets 2023: $4,974,6512023Assets 2024: $5,346,097Liabilities 2024: $75,212Net Assets 2024: $5,270,8852024Assets 2025: $5,882,042Liabilities 2025: $292,380Net Assets 2025: $5,589,6622025

Highlighted filing

2020

Assets$4,404,465
Liabilities$68,052
Net Assets$4,336,413
Open 2020 Filing

Operations Trend

Revenue Growth59th percentile

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

$2.0M$1.5M$1.0M$500K$0Revenue 2011: $1,187,960Expenses 2011: $968,072Net Income 2011: $219,8882011Expenses 2012: $950,3082012Expenses 2013: $851,9682013Revenue 2014: $1,238,070Expenses 2014: $935,849Net Income 2014: $302,2212014Revenue 2015: $1,248,424Expenses 2015: $1,055,278Net Income 2015: $193,1462015Revenue 2016: $1,277,751Expenses 2016: $1,047,667Net Income 2016: $230,0842016Revenue 2017: $1,286,798Expenses 2017: $1,092,611Net Income 2017: $194,1872017Revenue 2018: $1,334,041Expenses 2018: $1,123,277Net Income 2018: $210,7642018Revenue 2019: $1,340,260Expenses 2019: $1,050,932Net Income 2019: $289,3282019Revenue 2020: $1,391,871Expenses 2020: $1,097,866Net Income 2020: $294,0052020Revenue 2021: $1,454,853Expenses 2021: $1,247,460Net Income 2021: $207,3932021Revenue 2022: $1,554,262Expenses 2022: $1,285,126Net Income 2022: $269,1362022Revenue 2023: $1,517,720Expenses 2023: $1,356,011Net Income 2023: $161,7092023Revenue 2024: $1,682,196Expenses 2024: $1,385,962Net Income 2024: $296,2342024Revenue 2025: $1,805,653Expenses 2025: $1,486,876Net Income 2025: $318,7772025

Highlighted filing

2020

Revenue$1,391,871
Expenses$1,097,866
Net Income$294,005
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 30, 2020
Return Version
2019v5.1
Gross Receipts
$1,391,871
Mission and Program Overview

Mission

To provide safe and affordable housing for low-income individuals and families who qualify under federal guidelines.

To provide safe and affordable housing for low-income individuals and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,892,593$1,793,136▼ $99,457
Savings and Temporary Cash Investments$202,290$202,482▲ $192
Cash and Non-Interest-Bearing Accounts$102,125$111,795▲ $9,670
Prepaid Expenses and Deferred Charges$103,522$107,395▲ $3,873
Accounts Receivable$8,337$11,031▲ $2,694
Total Assets$4,195,005$4,404,465▲ $209,460
Other Assets Total$1,886,138$2,178,626▲ $292,488
Liabilities
Other Liabilities$32,305$33,311▲ $1,006
Accounts Payable and Accrued Expenses$114,012$27,028▼ $86,984
Deferred Revenue$6,280$7,713▲ $1,433
Total Liabilities$152,597$68,052▼ $84,545
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,042,408$4,336,413▲ $294,005
Total Net Assets Fund Balance$4,042,408$4,336,413▲ $294,005
Total Liabilities and Net Assets / Fund Balance$4,195,005$4,404,465▲ $209,460

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,560,264$4,559,449$6,119,713
Other Land Buildings$155,583$276,729$432,312
Equipment$26,689$37,101$63,790
Land$50,600-$50,600
Other Assets Org$2,037,824--
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
David SmithPresident
Rev Troy PrestonVice President
Doris RoyDirector
Jessica HoodDirector
John PeckDirector
Rev Charles TyoDirector
Rev Kit TobinDirector
Sara AltmansbergerSecretary
Thomas HartTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,077
Program Service Revenue
$1,351,131
Investment Income
$27,663
Other Revenue
$0
All Other Contributions
$13,077
Change in Net Assets
$294,005

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,391,871
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,391,871
Total Revenue per Form 990
$1,391,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$844,078
Salaries, Compensation, and Employee Benefits$253,788
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$197,822--$197,822
Other Salaries and Wages$177,834--$177,834
Occupancy$158,136--$158,136
Insurance$95,645--$95,645
Fees for Services Management$79,644$8,849-$88,493
Other Employee Benefits$61,833--$61,833
Office Expenses-$22,156-$22,156
Payroll Taxes$14,121--$14,121
Other Expenses$11,743$28,978-$11,743
Fees for Services Accounting-$10,800-$10,800
All Other Expenses$2,029--$2,029
Fees for Services Legal-$1,876-$1,876
Advertising$185--$185
Total Functional Expenses$1,025,207$72,659$0$1,097,866

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,097,866
Total Expenses per Audited Statements$1,097,866
Total Expenses per Form 990$1,097,866
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$28,791
Accrued Wages$4,520
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Section A, Line 3

“The entity has contracted with edc management inc., the managing agent, to provide management servcies for a fee of 6.5% of gross collections which amounted to $88,493.”

Form 990, Part VI, Section A, Line 8B

“The organization only has a board of directors with no sub-committees.”

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

“Form 990 provided to wayne fairbanks for review prior to being presented at the monthly board of directors meeting.”

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

“Board members sign annual statements.”

Form 990, Part VI, Section C, Line 19

“Copies provided upon request.”

Filing and Contact Details

Filer

Filer Name
Stewart Park Housing Development
EIN
51-0180570
Phone
6079375361
Address
101 COLUMBIA STREET, CORNING, NY 14830

Signing Officer

Name
David W Smith
Title
President
Phone
6079375361
Signed
2020-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David W Smith
Formed
1971
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
9

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
333 EAST WATER ST STE 200, ELMIRA, NY 14901
Preparer
Katherine E Stickler CPA
Phone
6077344183
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The board of directors selects the independent accountant and oversees audit work performed. This process has not changed.”

Form 990, Part IV, Lines 7-10

“Salaries and related costs are included in part ix even though part v item 2a indicates zero employees. The organization's personnel are employees of the managing agent and the salaries, payroll taxes and benefits are billed by the managing agent to the organization. The organization has reported these amounts in part ix lines 7-10.”

Financial Statement Notes

PART X, LINE 2:

“The company is exempt from federal and state income taxes under internal revenue code section 501(c)(3) and applicable state tax regulations. The organization files form 990 tax returns in the u.s. Federal jurisdiction. With few exceptions, as of june 30, 2020, the organization is no longer subject to u.s. Federal examinations by tax authorities for years ended prior to june 30, 2017. The tax returns for the years ended june 30, 2017 through june 30, 2020 are still subject to potential audit by the irs. Management of the organization believes it has no material uncertain tax positions and, accordingly it has not recognized any liability for unrecognized tax benefits.”

Raw XML AppendixShowing 400 of 475 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/OtherSalariesAndWagesGrp/ProgramServicesAmt0177834
IRS990/OtherSalariesAndWagesGrp/TotalAmt0177834
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt014121
IRS990/PayrollTaxesGrp/TotalAmt014121
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0103522
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0107395
IRS990/PrincipalOfficerNm0DAVID W SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0SECTION 8 TENANT ASSIS
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENT
IRS990/ProgramServiceRevenueGrp/Desc2OTHER
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0867636
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1474546
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26345
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32604
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0867636
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1474546
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26345
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32604
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt013593
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt020182
IRS990/PYOtherExpensesAmt0803323
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01306485
IRS990/PYRevenuesLessExpensesAmt0289328
IRS990/PYSalariesCompEmpBnftPaidAmt0247609
IRS990/PYTotalExpensesAmt01050932
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01340260
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0294005
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01351131
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0202290
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0202482
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt013077
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt013593
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt014130
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt014139
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt014526
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt069465
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt027663
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt020182
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05157
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03164
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02576
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt058742
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01351131
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01306485
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01314754
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01269495
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01260649
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06502514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt027663
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt020182
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05157
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03164
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02576
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt058742
IRS990ScheduleA/InvestmentIncomeCYPct00.00890
IRS990ScheduleA/InvestmentIncomePYPct00.00510
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99110
IRS990ScheduleA/PublicSupportPY509Pct00.99490
IRS990ScheduleA/PublicSupportTotal509Amt06571979
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01364208
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01320078
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01328884
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01283634
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01275175
IRS990ScheduleA/Total509Grp/TotalAmt06571979
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01391871
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01340260
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01334041
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01286798
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01277751
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06630721
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/BookValueAmt01560264
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04559449
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06119713
IRS990ScheduleD/EquipmentGrp/BookValueAmt026689
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037101
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063790
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01097866
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt050600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050600
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt028791
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1112011
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22037824
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0155583
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0276729
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0432312
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028791
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14520
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED WAGES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01391871
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE STATE TAX REGULATIONS. THE ORGANIZATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2020, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO JUNE 30, 2017. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2017 THROUGH JUNE 30, 2020 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE ORGANIZATION BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01793136
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02178626
IRS990ScheduleD/TotalExpensesPerForm990Amt01097866
IRS990ScheduleD/TotalLiabilityAmt033311
IRS990ScheduleD/TotalRevenuePerForm990Amt01391871
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01391871
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01097866
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ENTITY HAS CONTRACTED WITH EDC MANAGEMENT INC., THE MANAGING AGENT, TO PROVIDE MANAGEMENT SERVCIES FOR A FEE OF 6.5% OF GROSS COLLECTIONS WHICH AMOUNTED TO $88,493.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ONLY HAS A BOARD OF DIRECTORS WITH NO SUB-COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 PROVIDED TO WAYNE FAIRBANKS FOR REVIEW PRIOR TO BEING PRESENTED AT THE MONTHLY BOARD OF DIRECTORS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS SIGN ANNUAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS SELECTS THE INDEPENDENT ACCOUNTANT AND OVERSEES AUDIT WORK PERFORMED. THIS PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SALARIES AND RELATED COSTS ARE INCLUDED IN PART IX EVEN THOUGH PART V ITEM 2A INDICATES ZERO EMPLOYEES. THE ORGANIZATION'S PERSONNEL ARE EMPLOYEES OF THE MANAGING AGENT AND THE SALARIES, PAYROLL TAXES AND BENEFITS ARE BILLED BY THE MANAGING AGENT TO THE ORGANIZATION. THE ORGANIZATION HAS REPORTED THESE AMOUNTS IN PART IX LINES 7-10.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IV, LINES 7-10
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04195005
IRS990/TotalAssetsEOYAmt04404465
IRS990/TotalAssetsGrp/BOYAmt04195005

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,404,465
Liabilities
$68,052
Net assets
$4,336,413
Revenue
$1,391,871
Expenses
$1,097,866
Net income
$294,005
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.88$0.29$5.59$1.81$1.49$0.32
2024Detailed filing. Detailed filing data is available for this year.$5.35$0.08$5.27$1.68$1.39$0.30
2023Detailed filing. Detailed filing data is available for this year.$5.23$0.25$4.97$1.52$1.36$0.16
2022Detailed filing. Detailed filing data is available for this year.$5.01$0.19$4.81$1.55$1.29$0.27
2021Detailed filing. Detailed filing data is available for this year.$4.62$0.07$4.54$1.45$1.25$0.21
2020Detailed filing. Detailed filing data is available for this year.$4.40$0.07$4.34$1.39$1.10$0.29
2019Detailed filing. Detailed filing data is available for this year.$4.20$0.15$4.04$1.34$1.05$0.29
2018Detailed filing. Detailed filing data is available for this year.$3.83$0.07$3.75$1.33$1.12$0.21
2017Detailed filing. Detailed filing data is available for this year.$3.63$0.08$3.54$1.29$1.09$0.19
2016Detailed filing. Detailed filing data is available for this year.$3.42$0.07$3.35$1.28$1.05$0.23
2015Detailed filing. Detailed filing data is available for this year.$3.17$0.05$3.12$1.25$1.06$0.19
2014Detailed filing. Detailed filing data is available for this year.$3.00$0.07$2.92$1.24$0.94$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.11$0.49$2.62$0.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.69$2.26$0.95
2011Summary only. Only limited summary data is available for this year.$2.94$0.92$2.01$1.19$0.97$0.22
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