Civic Intelligence

Stewart Park Housing Development Fund Company Inc

990 • Fiscal year 2023 • EIN 51-0180570

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 11, 2023

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

15th percentile

0.05x

Higher debt load relative to assets than 15% of similar nonprofits.

2023 filings • NTEE L • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

14th percentile

0.17x

Higher debt load relative to revenue than 14% of similar nonprofits.

2023 filings • NTEE L • $5M-$10M nonprofits • Source year 2023

Net Margin

71st percentile

11%

Higher net margin than 71% of similar nonprofits.

2023 filings • NTEE L • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

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

2023 filings • NTEE L • $5M-$10M nonprofits • Source year 2023

Asset Growth

71st percentile

4.4%

Faster asset growth than 71% of similar nonprofits.

2023 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

25th percentile

-2.4%

Faster revenue growth than 25% of similar nonprofits.

2023 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$5,228,812

Up $220,929 (+4.4%) from 2022

Net Assets

Up

$4,974,651

Up $161,709 (+3.4%) from 2022

Liabilities

Up

$254,161

Up $59,220 (+30%) from 2022

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin71st percentile

Revenue

Down

$1,517,720

Down $36,542 (-2.4%) from 2022

Expenses

Up

$1,356,011

Up $70,885 (+5.5%) from 2022

Net Income

Down

$161,709

Down $107,427 (-40%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth71st 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

2023

Assets$5,228,812
Liabilities$254,161
Net Assets$4,974,651
Open 2023 Filing

Operations Trend

Revenue Growth25th 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

2023

Revenue$1,517,720
Expenses$1,356,011
Net Income$161,709
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 11, 2023
Return Version
2022v5.0
Gross Receipts
$1,517,720
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$1,766,633$2,747,921▲ $981,288
Cash and Non-Interest-Bearing Accounts$131,493$246,659▲ $115,166
Savings and Temporary Cash Investments$602,610$202,669▼ $399,941
Prepaid Expenses and Deferred Charges$18,859$88,341▲ $69,482
Accounts Receivable$10,207$33,215▲ $23,008
Total Assets$5,007,883$5,228,812▲ $220,929
Other Assets Total$2,478,081$1,910,007▼ $568,074
Liabilities
Accounts Payable and Accrued Expenses$156,553$209,275▲ $52,722
Other Liabilities$31,471$33,394▲ $1,923
Deferred Revenue$6,917$11,492▲ $4,575
Total Liabilities$194,941$254,161▲ $59,220
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,812,942$4,974,651▲ $161,709
Total Net Assets Fund Balance$4,812,942$4,974,651▲ $161,709
Total Liabilities and Net Assets / Fund Balance$5,007,883$5,228,812▲ $220,929

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,591,588$5,075,635$7,667,223
Other Land Buildings$94,700$352,402$447,102
Equipment$11,033$52,757$63,790
Land$50,600-$50,600
Other Assets Org$1,691,920--
Compensation and Service Providers
Top Officer Pay30th percentile

Board Members and Trustees

NameTitle
David SmithPresident
Rev Troy PrestonVice President
Doris RoyDirector
Jessica HoodDirector
Rev Kit TobinDirector
Rich MurrayDirector
Sara AltmansbergerSecretary
Thomas HartTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lechase Construction Services LLCConstruction For Utility Replacement205 INDIGO CREEK DR, Rochester, NY 14626$1,025,547
Revenue and Support

Revenue Composition

Contributions and Grants
$20
Program Service Revenue
$1,513,705
Investment Income
$3,995
Other Revenue
$0
All Other Contributions
$20
Change in Net Assets
$161,709

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,517,720
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,517,720
Total Revenue per Form 990
$1,517,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,087,510
Salaries, Compensation, and Employee Benefits$268,501
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$243,039--$243,039
Depreciation Depletion$204,827--$204,827
Other Salaries and Wages$185,688--$185,688
Fees for Services Management$92,120$10,236-$102,356
Other Employee Benefits$69,741--$69,741
Insurance$66,034--$66,034
Other Expenses$19,462$11,139-$30,601
Office Expenses-$20,897-$20,897
Payroll Taxes$13,072--$13,072
Fees for Services Accounting-$11,400-$11,400
Fees for Services Legal-$6,748-$6,748
All Other Expenses$3,964--$3,964
Total Functional Expenses$1,295,591$60,420$0$1,356,011

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,356,011
Total Expenses per Audited Statements$1,356,011
Total Expenses per Form 990$1,356,011
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$28,044
Accrued Wages$5,350
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 7.0% of gross collections which amounted to $102,356.”

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 the management agent 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
2023-12-11
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
8

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, 2023, the organization is no longer subject to u.s. Federal examinations by tax authorities for years ended prior to june 30, 2020. The tax returns for the years ended june 30, 2020 through june 30, 2023 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 464 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/OtherExpensesGrp/TotalAmt240424
IRS990/OtherExpensesGrp/TotalAmt330601
IRS990/OtherLiabilitiesGrp/BOYAmt031471
IRS990/OtherLiabilitiesGrp/EOYAmt033394
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0185688
IRS990/OtherSalariesAndWagesGrp/TotalAmt0185688
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt013072
IRS990/PayrollTaxesGrp/TotalAmt013072
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018859
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt088341
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 TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0913804
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1584026
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3875
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0913804
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1584026
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3875
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt050
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07084
IRS990/PYOtherExpensesAmt01019741
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01547128
IRS990/PYRevenuesLessExpensesAmt0269136
IRS990/PYSalariesCompEmpBnftPaidAmt0265385
IRS990/PYTotalExpensesAmt01285126
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01554262
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0161709
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01513705
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0602610
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0202669
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt020
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt050
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03324
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt013077
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt013593
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt030064
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03995
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07084
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt016970
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt027663
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt020182
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt075894
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01513705
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01547128
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01434559
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01351131
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01306485
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07153008
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03995
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07084
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt016970
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt027663
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt020182
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt075894
IRS990ScheduleA/InvestmentIncomeCYPct00.01050
IRS990ScheduleA/InvestmentIncomePYPct00.01090
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98950
IRS990ScheduleA/PublicSupportPY509Pct00.98910
IRS990ScheduleA/PublicSupportTotal509Amt07183072
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01513725
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01547178
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01437883
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01364208
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01320078
IRS990ScheduleA/Total509Grp/TotalAmt07183072
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01517720
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01554262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01454853
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01391871
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01340260
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07258966
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02591588
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05075635
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07667223
IRS990ScheduleD/EquipmentGrp/BookValueAmt011033
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052757
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063790
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01356011
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt050600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050600
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt028044
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1190043
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21691920
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt094700
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0352402
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0447102
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028044
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15350
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED WAGES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01517720
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, 2023, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO JUNE 30, 2020. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2023 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/TotalBookValueLandBuildingsAmt02747921
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01910007
IRS990ScheduleD/TotalExpensesPerForm990Amt01356011
IRS990ScheduleD/TotalLiabilityAmt033394
IRS990ScheduleD/TotalRevenuePerForm990Amt01517720
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01517720
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01356011
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 7.0% OF GROSS COLLECTIONS WHICH AMOUNTED TO $102,356.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ONLY HAS A BOARD OF DIRECTORS WITH NO SUB-COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 PROVIDED TO THE MANAGEMENT AGENT 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/TotalAssetsBOYAmt05007883
IRS990/TotalAssetsEOYAmt05228812
IRS990/TotalAssetsGrp/BOYAmt05007883
IRS990/TotalAssetsGrp/EOYAmt05228812
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt020
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060420
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01295591
IRS990/TotalFunctionalExpensesGrp/TotalAmt01356011
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0194941

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,228,812
Liabilities
$254,161
Net assets
$4,974,651
Revenue
$1,517,720
Expenses
$1,356,011
Net income
$161,709
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