Civic Intelligence

Genesis II Apartments Inc

EIN 51-0595292 • 501(c)3 • West Columbia, SC

Profile

Genesis ii apartments, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of south carolina. The corporation was formed for the purpose of operating a 15 unit community known as genesis ii apartments located in mullins, south carolina, which provides housing for low-income elderly persons, pursuant to section 202 of the national housing act, as amended.

1403 Jaret CourtWest Columbia, SC 29169

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.50x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

99th percentile

13.11x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

33rd percentile

-3.1%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

50th percentile

6.3%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Down

$983,261

Down $31,100 (-3.1%) from 2024

Liabilities

Down

$1,473,174

Down $3,855 (-0.3%) from 2024

Net Assets

Down

-$489,913

Down $27,245 (-5.9%) from 2024

Revenue

Up

$112,387

Up $6,706 (+6.3%) from 2024

Expenses

Up

$139,632

Up $14,235 (+11%) from 2024

Net Income

Down

-$27,245

Down $7,529 (-38%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0MAssets 2011: $1,347,177Liabilities 2011: $1,468,249Net Assets 2011: -$121,0722011Assets 2012: $1,309,575Liabilities 2012: $1,472,328Net Assets 2012: -$162,7532012Assets 2013: $1,276,070Liabilities 2013: $1,474,134Net Assets 2013: -$198,0642013Assets 2014: $1,249,036Liabilities 2014: $1,466,142Net Assets 2014: -$217,1062014Assets 2015: $1,224,549Liabilities 2015: $1,466,943Net Assets 2015: -$242,3942015Assets 2016: $1,190,191Liabilities 2016: $1,467,557Net Assets 2016: -$277,3662016Assets 2017: $1,290,903Liabilities 2017: $1,603,407Net Assets 2017: -$312,5042017Assets 2018: $1,141,325Liabilities 2018: $1,465,273Net Assets 2018: -$323,9482018Assets 2019: $1,139,293Liabilities 2019: $1,476,699Net Assets 2019: -$337,4062019Assets 2020: $1,103,590Liabilities 2020: $1,465,736Net Assets 2020: -$362,1462020Assets 2021: $1,091,490Liabilities 2021: $1,466,240Net Assets 2021: -$374,7502021Assets 2022: $1,067,501Liabilities 2022: $1,472,476Net Assets 2022: -$404,9752022Assets 2024: $1,014,361Liabilities 2024: $1,477,029Net Assets 2024: -$462,6682024Assets 2025: $983,261Liabilities 2025: $1,473,174Net Assets 2025: -$489,9132025

Highlighted filing

2025

Assets$983,261
Liabilities$1,473,174
Net Assets-$489,913

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2011: $66,873Expenses 2011: $105,978Net Income 2011: -$39,1052011Revenue 2012: $61,088Expenses 2012: $102,769Net Income 2012: -$41,6812012Revenue 2013: $67,274Expenses 2013: $102,585Net Income 2013: -$35,3112013Revenue 2014: $73,531Expenses 2014: $92,573Net Income 2014: -$19,0422014Revenue 2015: $72,353Expenses 2015: $97,641Net Income 2015: -$25,2882015Revenue 2016: $71,866Expenses 2016: $106,838Net Income 2016: -$34,9722016Revenue 2017: $79,698Expenses 2017: $114,836Net Income 2017: -$35,1382017Revenue 2018: $91,384Expenses 2018: $102,828Net Income 2018: -$11,4442018Revenue 2019: $87,897Expenses 2019: $101,355Net Income 2019: -$13,4582019Revenue 2020: $91,307Expenses 2020: $116,047Net Income 2020: -$24,7402020Revenue 2021: $96,929Expenses 2021: $109,533Net Income 2021: -$12,6042021Revenue 2022: $96,702Expenses 2022: $126,927Net Income 2022: -$30,2252022Revenue 2024: $105,681Expenses 2024: $125,397Net Income 2024: -$19,7162024Revenue 2025: $112,387Expenses 2025: $139,632Net Income 2025: -$27,2452025

Highlighted filing

2025

Revenue$112,387
Expenses$139,632
Net Income-$27,245

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.98$1.47$0.49$0.11$0.14$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.01$1.48$0.46$0.11$0.13$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.07$1.47$0.40$0.10$0.13$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.09$1.47$0.37$0.10$0.11$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.10$1.47$0.36$0.09$0.12$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.14$1.48$0.34$0.09$0.10$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.14$1.47$0.32$0.09$0.10$0.01
2017Summary only. Only limited summary data is available for this year.$1.29$1.60$0.31$0.08$0.11$0.04
2016Summary only. Only limited summary data is available for this year.$1.19$1.47$0.28$0.07$0.11$0.03
2015Summary only. Only limited summary data is available for this year.$1.22$1.47$0.24$0.07$0.10$0.03
2014Summary only. Only limited summary data is available for this year.$1.25$1.47$0.22$0.07$0.09$0.02
2013Summary only. Only limited summary data is available for this year.$1.28$1.47$0.20$0.07$0.10$0.04
2012Summary only. Only limited summary data is available for this year.$1.31$1.47$0.16$0.06$0.10$0.04
2011Summary only. Only limited summary data is available for this year.$1.35$1.47$0.12$0.07$0.11$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 31, 2026
Return Version
2024v5.5
Gross Receipts
$112,387
Mission and Program Overview

Mission

Genesis ii apartments, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of south carolina. The corporation was formed for the purpose of operating a 15 unit property known as genesis ii apartments located in mullins, south carolina, which provides housing for low-income elderly persons, pursuant to section 202 of the housing act of 1959, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$866,171$827,748▼ $38,423
Investments Program Related$124,317$134,261▲ $9,944
Cash and Non-Interest-Bearing Accounts$14,157$11,622▼ $2,535
Prepaid Expenses and Deferred Charges$3,139$3,642▲ $503
Accounts Receivable$763$0▼ $763
Total Assets$1,014,361$983,261▼ $31,100
Other Assets Total$5,814$5,988▲ $174
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,456,900$1,456,900→ $0
Accounts Payable and Accrued Expenses$15,624$11,269▼ $4,355
Other Liabilities$4,438$4,612▲ $174
Deferred Revenue$67$393▲ $326
Total Liabilities$1,477,029$1,473,174▼ $3,855
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-462,668$-489,913▼ $27,245
Total Net Assets Fund Balance$-462,668$-489,913▼ $27,245
Total Liabilities and Net Assets / Fund Balance$1,014,361$983,261▼ $31,100

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$794,335$592,002$1,386,337
Other Land Buildings$5,413$71,088$76,501
Land$28,000-$28,000
Investment Program Related Org$116,641--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Connie BlackDirector
Linda GodfreyDirector
Victoria GlasschoDirector
Wallace PeeDirector
Linda NealExecutive Director
Linda ScottSecretary
Jean BrunsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$63,230
Program Service Revenue
$49,101
Investment Income
$56
Other Revenue
$0
Change in Net Assets
$-27,245

Audited Revenue Reconciliation

Revenue per Audited Statements
$112,387
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$112,387
Total Revenue per Form 990
$112,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$139,632
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$38,423--$38,423
Insurance$18,045--$18,045
Fees for Services Accounting-$11,200-$11,200
Fees for Services Management$10,719--$10,719
All Other Expenses$7,966$60-$8,026
Occupancy$5,908--$5,908
Office Expenses$4,716--$4,716
Other Expenses$3,497--$3,497
Fees for Services Legal$218--$218
Total Functional Expenses$128,372$11,260$0$139,632

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$139,632
Total Expenses per Audited Statements$139,632
Total Expenses per Form 990$139,632
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$4,612
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 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 organization has entered into a management agreement with a management company for day-to-day management of the apartment community as is common practice for owners/operators of hud-assisted rental communities. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.

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

The return is prepared by a certified public accounting firm and provided to the management company for initial review and approval. After any questions and comments from the management company are addressed, the return is provided to the board of directors for final review and approval. After any questions and comments from the board of directors are addressed, the final approved return is provided to the designated board officer for signature and filing.

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

Compliance is monitored at regularly scheduled meetings of the board of directors and at other times, if needed.

Form 990, Part VI, Section C, Line 19

Documents are maintained by the board of directors and copies are provided upon request.

Filing and Contact Details

Filer

Filer Name
Genesis Ii Apartments Inc
EIN
51-0595292
Phone
8038083966
Address
1403 JARET COURT, WEST COLUMBIA, SC 29169

Signing Officer

Name
Linda Neal
Title
Executive Director/acting President
Phone
8038083966
Signed
2026-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Neal
Formed
2006
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Irish Thurston
Phone
3362944494
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.

Raw XML AppendixShowing 400 of 439 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/OfficeExpensesGrp/ProgramServicesAmt04716
IRS990/OfficeExpensesGrp/TotalAmt04716
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05814
IRS990/OtherAssetsTotalGrp/EOYAmt05988
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT SALARIES REI
IRS990/OtherExpensesGrp/Desc1PAYROLL REIMBURSEMENT
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3HEATING/COOLING REPAIRS
IRS990/OtherExpensesGrp/ProgramServicesAmt018440
IRS990/OtherExpensesGrp/ProgramServicesAmt111277
IRS990/OtherExpensesGrp/ProgramServicesAmt29163
IRS990/OtherExpensesGrp/ProgramServicesAmt33497
IRS990/OtherExpensesGrp/TotalAmt018440
IRS990/OtherExpensesGrp/TotalAmt111277
IRS990/OtherExpensesGrp/TotalAmt29163
IRS990/OtherExpensesGrp/TotalAmt33497
IRS990/OtherLiabilitiesGrp/BOYAmt04438
IRS990/OtherLiabilitiesGrp/EOYAmt04612
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03139
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03642
IRS990/PrincipalOfficerNm0LINDA NEAL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt048621
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1455
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt225
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt048621
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1455
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt058353
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt052
IRS990/PYOtherExpensesAmt0125397
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt047276
IRS990/PYRevenuesLessExpensesAmt0-19716
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0125397
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0105681
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-27245
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt049101
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt063230
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt058353
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt049811
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt054585
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt051357
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0277336
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt056
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt052
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt034
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt049101
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt047276
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt042279
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt042075
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt041312
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0222043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt056
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt052
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0200
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04226
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04226
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99120
IRS990ScheduleA/PublicSupportPY509Pct00.99090
IRS990ScheduleA/PublicSupportTotal509Amt0499379
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0112331
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0105629
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt092090
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt096660
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt092669
IRS990ScheduleA/Total509Grp/TotalAmt0499379
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0112387
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0105681
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt092106
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt096702
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt096929
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0503805
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/BookValueAmt0794335
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0592002
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01386337
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0139632
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt017620
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1116641
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt028000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt028000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05413
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt071088
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt076501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04612
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0112387
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0827748
IRS990ScheduleD/TotalBookValueProgramRltdAmt0134261
IRS990ScheduleD/TotalExpensesPerForm990Amt0139632
IRS990ScheduleD/TotalLiabilityAmt04612
IRS990ScheduleD/TotalRevenuePerForm990Amt0112387
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0112387
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0139632
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT COMPANY FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS COMMON PRACTICE FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM AND PROVIDED TO THE MANAGEMENT COMPANY FOR INITIAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE MANAGEMENT COMPANY ARE ADDRESSED, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE BOARD OF DIRECTORS ARE ADDRESSED, THE FINAL APPROVED RETURN IS PROVIDED TO THE DESIGNATED BOARD OFFICER FOR SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLIANCE IS MONITORED AT REGULARLY SCHEDULED MEETINGS OF THE BOARD OF DIRECTORS AND AT OTHER TIMES, IF NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01014361
IRS990/TotalAssetsEOYAmt0983261
IRS990/TotalAssetsGrp/BOYAmt01014361
IRS990/TotalAssetsGrp/EOYAmt0983261
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt063230
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011260
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0128372
IRS990/TotalFunctionalExpensesGrp/TotalAmt0139632
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01477029
IRS990/TotalLiabilitiesEOYAmt01473174
IRS990/TotalLiabilitiesGrp/BOYAmt01477029
IRS990/TotalLiabilitiesGrp/EOYAmt01473174
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-462668
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-489913
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0128372
IRS990/TotalProgramServiceRevenueAmt049101
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt056
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt049101
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0112387
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01014361
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0983261
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

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