Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Perpetual Revolving Fund Inc
EIN 52-1106881 • 501(c)3 • Columbia, MD
Profile
The perpetual revolving fund is the entity that provides the capital and resources to develop, construct, or purchase housing in partnership with the private sector, federal, state and county housing agencies.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
71st percentile
Higher net margin than 71% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
62nd percentile
Faster revenue growth than 62% of similar nonprofits.
Balance Sheet
Assets
Down$0
Down $1,525,257 (-100%) from 2018
Liabilities
Down$0
Down $615,097 (-100%) from 2018
Net Assets
Down$0
Down $910,160 (-100%) from 2018
Revenue
Up$102,302
Up $7,249 (+7.6%) from 2018
Expenses
Down$85,024
Down $11,989 (-12%) from 2018
Net Income
Up$17,278
Up $19,238 (+982%) from 2018
Trend Graphs
Filings
Most recent year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $102,302
- Expenses
- $85,024
- Net income
- $17,278
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 23, 2019
- Signed
- Nov 12, 2020
- Return Version
- 2019v5.1
- Gross Receipts
- $102,302
Mission and Program Overview
Mission
The perpetual revolving fund is the entity that provides the capital and resources to develop, construct, or purchase housing in partnership with the private sector, federal, state and county housing agencies.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,368,316 | $0 | ▼ $1,368,316 |
| Other Notes and Loans Receivable, Net | $63,460 | $0 | ▼ $63,460 |
| Cash and Non-Interest-Bearing Accounts | $13,534 | $0 | ▼ $13,534 |
| Investments in Publicly Traded Securities | $9,391 | $0 | ▼ $9,391 |
| Prepaid Expenses and Deferred Charges | $8,633 | $0 | ▼ $8,633 |
| Accounts Receivable | $8,584 | $0 | ▼ $8,584 |
| Savings and Temporary Cash Investments | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Total Assets | $1,525,257 | $0 | ▼ $1,525,257 |
| Other Assets Total | $53,339 | $0 | ▼ $53,339 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $582,608 | - | - |
| Other Liabilities | $25,730 | $0 | ▼ $25,730 |
| Escrow Account Liability | $4,645 | - | - |
| Accounts Payable and Accrued Expenses | $2,114 | - | - |
| Total Liabilities | $615,097 | $0 | ▼ $615,097 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $910,160 | $0 | ▼ $910,160 |
| Total Net Assets Fund Balance | $910,160 | $0 | ▼ $910,160 |
| Total Liabilities and Net Assets / Fund Balance | $1,525,257 | $0 | ▼ $1,525,257 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Edward Plitt Iii | Chair |
| Kevin J Kelehan | Board Member |
| Loretta Thompson | Board Member |
| Mary Calder | Board Member |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $54,148
- Investment Income
- $2,272
- Other Revenue
- $45,882
- Change in Net Assets
- $17,278
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $81,220 |
| Salaries, Compensation, and Employee Benefits | $3,804 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $45,764 | - | - | $45,764 |
| Depreciation Depletion | $14,660 | - | - | $14,660 |
| Fees for Services Management | - | $7,219 | - | $7,219 |
| Fees for Services Accounting | - | $4,450 | - | $4,450 |
| Other Salaries and Wages | $3,310 | - | - | $3,310 |
| Fees for Services Legal | - | $2,480 | - | $2,480 |
| Office Expenses | $1,489 | - | - | $1,489 |
| Payroll Taxes | $494 | - | - | $494 |
| Other Expenses | $94 | - | - | $94 |
| Total Functional Expenses | $70,875 | $14,149 | $0 | $85,024 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- 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 corporation is obligated under the terms of a property management agreement with heritage housing partners corporation (hhp) through december 23, 2019. Under the terms of the agreement, the corporation paid a fee totaling 5% of gross rental collections to hhp for property management services. The calculated fee was paid on a monthly basis. During the year ended december 23, 2019, property management fees totaling $7,219 were charged to operations.”
Form 990, Part VI, Section A, Line 7A
“The board of trustees manage the business and affairs of the corporation and are appointed by heritage housing partners corporation in accordance with the bylaws, article i, sections 1 and 2. The board of trustees in turn elect the officers and board of directors of the corporation in accordance with the bylaws, article iii, section 2.”
Form 990, Part VI, Section B, Line 11B
“The draft form 990 is sent to the governing body (board of directors). The board of directors reviews the form 990 and resolves any questions. The board of directors sends approval to the tax preparer to finalize the return.”
Form 990, Part VI, Section B, Line 12C
“The corporation's conflict of interest policy requires that no member of the board shall participate in any discussion or vote on any matter in which the member or their immediate family has a potential conflict of interest. The policy requires members with potential conflicts to announce the conflicts and excuse themselves from the meeting until the discussion over said matter is resolved. The president of the meeting is expected to inquire if a potential conflict is apparent but has not been disclosed.”
Form 990, Part VI, Section C, Line 19
“AVAILABLE UPON REQUEST”
Filing and Contact Details
Filer
- Filer Name
- Perpetual Revolving Fund Inc
- EIN
- 52-1106881
- Phone
- 4435187685
- Address
- 9770 PATUXENT WOODS DRIVE NO 305, COLUMBIA, MD 21046
Signing Officer
- Name
- Edward Plitt
- Title
- Chair
- Phone
- 4435187687
- Signed
- 2020-11-12
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Grace Morris
- Formed
- 1981
- Legal Domicile
- Md
- Voting Board Members
- 4
- Independent Board Members
- 4
- Employees
- 0
- Volunteers
- 4
Preparer
- Firm
- Sc&h Tax & Advisory Services LLC
- Address
- 910 RIDGEBROOK ROAD, SPARKS, MD 21152
- Preparer
- Travis Daniel
- Phone
- 4104031500
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 3
“The organization was dissolved leaving heritage housing partners corporation as the surviving corporation, which is a maryland tax-exempt section 501(c)(3) non-profit organization continuing to be known as heritge housing partners corporation after the merger was completed.”
FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE:
“Utilities $ 1,278 repairs & maintenance 2,040 real estate taxes 11,638 interest expense 20,147 contracts 3,594 supplies 233 insurance 6,834 _____________ total occupancy expense $ 45,764”
FORM 990, PART XI, LINE 9:
“Merger with heritage housing partners transfer of net assets -931,105.”
Financial Statement Notes
PART IV, LINE 2B:
“The amount of $4,692 as of december 23, 2019 on the accompanying statement of financial position, represents funds deposited in a savings account with a balance which is at least equal to the tenants' security deposits. Maryland rent escrow law requires the corporation to maintain a separate account for deposits paid by the tenants, and to credit the deposits annually with interest at 1.5% a year at six-month intervals. Tenant security deposits are held in a federally insured bank.”
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| IRS990/ActivityOrMissionDesc | 0 | THE PERPETUAL REVOLVING FUND IS THE ENTITY THAT PROVIDES THE CAPITAL AND RESOURCES TO DEVELOP, CONSTRUCT, OR PURCHASE HOUSING IN PARTNERSHIP WITH THE PRIVATE SECTOR, FEDERAL, STATE AND COUNTY HOUSING AGENCIES. |
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| IRS990/Desc | 0 | TO PROVIDE A SOURCE OF FUNDS FOR DEVELOPMENT OF HOUSING UNITS, PROJECTS FOR LOW-TO-MODERATE INCOME FAMILIES, AND TO PROVIDE HOUSING FOR LOW-TO-MODERATE INCOME FAMILIES. |
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| IRS990/MissionDesc | 0 | THE PERPETUAL REVOLVING FUND IS THE ENTITY THAT PROVIDES THE CAPITAL AND RESOURCES TO DEVELOP, CONSTRUCT, OR PURCHASE HOUSING IN PARTNERSHIP WITH THE PRIVATE SECTOR, FEDERAL, STATE AND COUNTY HOUSING AGENCIES. |
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| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 4702 |
| IRS990/PYTotalExpensesAmt | 0 | 97013 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 95053 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 17278 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 100030 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | 1 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | PERPETUAL REVOLVING FUND, INC. (PRF) WAS FORMED AND ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF PROVIDING FUNDING FOR THE DEVELOPMENT OF HOUSING UNITS FOR LOW-TO-MODERATE-INCOME FAMILIES. THE PRF IS GOVERNED BY THE BOARD OF TRUSTEES OF ITS RELATED ORGANIZATION. PRF EXISTS TO PROVIDE FUNDING TO THE RELATED ORGANIZATION SO THE RELATED ORGANIZATION CAN PROVIDE HOUSING TO LOW-TO-MODERATE INCOME FAMILIES LOCATED IN HOWARD COUNTY, MARYLAND. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART IV, LINE 1 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 520880429 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 10 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | HERITAGE HOUSING PARTNERS CORPORATION |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | 0 |
| IRS990ScheduleD/ExplanationProvidedInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | 1 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE AMOUNT OF $4,692 AS OF DECEMBER 23, 2019 ON THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION, REPRESENTS FUNDS DEPOSITED IN A SAVINGS ACCOUNT WITH A BALANCE WHICH IS AT LEAST EQUAL TO THE TENANTS' SECURITY DEPOSITS. MARYLAND RENT ESCROW LAW REQUIRES THE CORPORATION TO MAINTAIN A SEPARATE ACCOUNT FOR DEPOSITS PAID BY THE TENANTS, AND TO CREDIT THE DEPOSITS ANNUALLY WITH INTEREST AT 1.5% A YEAR AT SIX-MONTH INTERVALS. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART IV, LINE 2B: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990ScheduleN/AssetsDistributedInd | 0 | 1 |
| IRS990ScheduleN/AttorneyGeneralNotifiedInd | 0 | 1 |
| IRS990ScheduleN/BondsOutstandingInd | 0 | 0 |
| IRS990ScheduleN/DirectorOfSuccessorInd | 0 | 1 |
| IRS990ScheduleN/EmployeeOfSuccessorInd | 0 | 0 |
| IRS990ScheduleN/LiabilitiesPaidInd | 0 | 1 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 0 | ACCOUNTS RECEIVABLE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 1 | NOTE RECEIVABLE - 7250 DARBY DOWNS |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 2 | NOTE RECEIVABLE - SLI RED LAKE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 3 | ESCROW DEPOSITS |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 4 | LAND |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 5 | BUILDINGS |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 6 | NOTE RECEIVABLE - WINTER GROWTH |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 7 | NOTE RECEIVABLE - LENNOX PARK |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 0 | HERITAGE HOUSING PARTNERS CORP |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 1 | HERITAGE HOUSING PARTNERS CORP |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 2 | HERITAGE HOUSING PARTNERS CORP |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 3 | HERITAGE HOUSING PARTNERS CORP |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 4 | HERITAGE HOUSING PARTNERS CORP |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 5 | HERITAGE HOUSING PARTNERS CORP |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 6 | HERITAGE HOUSING PARTNERS CORP |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 7 | HERITAGE HOUSING PARTNERS CORP |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 0 | 2019-12-23 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 1 | 2019-12-23 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 2 | 2019-12-23 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 3 | 2019-12-23 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 4 | 2019-12-23 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 5 | 2019-12-23 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 6 | 2019-12-23 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 7 | 2019-12-23 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 0 | 521106881 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 1 | 521106881 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 2 | 521106881 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 3 | 521106881 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 4 | 521106881 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 5 | 521106881 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 6 | 521106881 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 7 | 521106881 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 0 | 14431 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 1 | 22925 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 2 | 10727 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 3 | 10025 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 4 | 829621 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 5 | 524035 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 6 | 21768 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 7 | 40000 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 0 | 501(C)(3) |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 1 | 501(C)(3) |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 2 | 501(C)(3) |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 3 | 501(C)(3) |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 4 | 501(C)(3) |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 5 | 501(C)(3) |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 6 | 501(C)(3) |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 7 | 501(C)(3) |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 0 | BOOK VALUE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 1 | BOOK VALUE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 2 | BOOK VALUE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 3 | BOOK VALUE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 4 | BOOK VALUE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 5 | BOOK VALUE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 6 | BOOK VALUE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 7 | BOOK VALUE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 0 | 9770 PATUXENT WOODS DRIVE 305 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 1 | 9770 PATUXENT WOODS DRIVE 305 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 2 | 9770 PATUXENT WOODS DRIVE 305 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 3 | 9770 PATUXENT WOODS DRIVE 305 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 4 | 9770 PATUXENT WOODS DRIVE 305 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 5 | 9770 PATUXENT WOODS DRIVE 305 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 6 | 9770 PATUXENT WOODS DRIVE 305 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 7 | 9770 PATUXENT WOODS DRIVE 305 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 0 | COLUMBIA |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 1 | COLUMBIA |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 2 | COLUMBIA |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 3 | COLUMBIA |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 4 | COLUMBIA |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 5 | COLUMBIA |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 6 | COLUMBIA |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 7 | COLUMBIA |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 1 | MD |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 2 | MD |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 3 | MD |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 4 | MD |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 5 | MD |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 6 | MD |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 7 | MD |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 0 | 21046 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 1 | 21046 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 2 | 21046 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 3 | 21046 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 4 | 21046 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 5 | 21046 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 6 | 21046 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 7 | 21046 |
| IRS990ScheduleN/OwnerOfSuccessorInd | 0 | 0 |
| IRS990ScheduleN/ReceiveCompensationInd | 0 | 0 |
| IRS990ScheduleN/RequiredToNotifyAGInd | 0 | 1 |
| IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt | 0 | PERSON(S) INVOLVED: EDWARD PLITT III AND MARY CAULDER |
| IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt | 1 | EXPLANATION OF INVOLVEMENT: BOTH EDWARD PLITT III AND MARY CAULDER ARE ON THE HERITAGE HOUSING PARTNERS CORPORATION. |
| IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2E: |
| IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART I, LINE 2E: |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION WAS DISSOLVED LEAVING HERITAGE HOUSING PARTNERS CORPORATION AS THE SURVIVING CORPORATION, WHICH IS A MARYLAND TAX-EXEMPT SECTION 501(C)(3) NON-PROFIT ORGANIZATION CONTINUING TO BE KNOWN AS HERITGE HOUSING PARTNERS CORPORATION AFTER THE MERGER WAS COMPLETED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE CORPORATION IS OBLIGATED UNDER THE TERMS OF A PROPERTY MANAGEMENT AGREEMENT WITH HERITAGE HOUSING PARTNERS CORPORATION (HHP) THROUGH DECEMBER 23, 2019. UNDER THE TERMS OF THE AGREEMENT, THE CORPORATION PAID A FEE TOTALING 5% OF GROSS RENTAL COLLECTIONS TO HHP FOR PROPERTY MANAGEMENT SERVICES. THE CALCULATED FEE WAS PAID ON A MONTHLY BASIS. DURING THE YEAR ENDED DECEMBER 23, 2019, PROPERTY MANAGEMENT FEES TOTALING $7,219 WERE CHARGED TO OPERATIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD OF TRUSTEES MANAGE THE BUSINESS AND AFFAIRS OF THE CORPORATION AND ARE APPOINTED BY HERITAGE HOUSING PARTNERS CORPORATION IN ACCORDANCE WITH THE BYLAWS, ARTICLE I, SECTIONS 1 AND 2. THE BOARD OF TRUSTEES IN TURN ELECT THE OFFICERS AND BOARD OF DIRECTORS OF THE CORPORATION IN ACCORDANCE WITH THE BYLAWS, ARTICLE III, SECTION 2. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE DRAFT FORM 990 IS SENT TO THE GOVERNING BODY (BOARD OF DIRECTORS). THE BOARD OF DIRECTORS REVIEWS THE FORM 990 AND RESOLVES ANY QUESTIONS. THE BOARD OF DIRECTORS SENDS APPROVAL TO THE TAX PREPARER TO FINALIZE THE RETURN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE CORPORATION'S CONFLICT OF INTEREST POLICY REQUIRES THAT NO MEMBER OF THE BOARD SHALL PARTICIPATE IN ANY DISCUSSION OR VOTE ON ANY MATTER IN WHICH THE MEMBER OR THEIR IMMEDIATE FAMILY HAS A POTENTIAL CONFLICT OF INTEREST. THE POLICY REQUIRES MEMBERS WITH POTENTIAL CONFLICTS TO ANNOUNCE THE CONFLICTS AND EXCUSE THEMSELVES FROM THE MEETING UNTIL THE DISCUSSION OVER SAID MATTER IS RESOLVED. THE PRESIDENT OF THE MEETING IS EXPECTED TO INQUIRE IF A POTENTIAL CONFLICT IS APPARENT BUT HAS NOT BEEN DISCLOSED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | AVAILABLE UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | UTILITIES $ 1,278 REPAIRS & MAINTENANCE 2,040 REAL ESTATE TAXES 11,638 INTEREST EXPENSE 20,147 CONTRACTS 3,594 SUPPLIES 233 INSURANCE 6,834 _____________ TOTAL OCCUPANCY EXPENSE $ 45,764 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | MERGER WITH HERITAGE HOUSING PARTNERS TRANSFER OF NET ASSETS -931,105. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART III, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
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