Liabilities / Assets
75th percentile
Higher debt load relative to assets than 75% of similar nonprofits.
990 • Fiscal year 2016 • EIN 52-1106881
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
75th percentile
Higher debt load relative to assets than 75% of similar nonprofits.
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
23rd percentile
Higher net margin than 23% of similar nonprofits.
Top Officer Pay
36th percentile
Higher top officer pay than 36% of similar nonprofits.
Top officer pay equals 10.2% of source-year revenue.
Asset Growth
38th percentile
Faster asset growth than 38% of similar nonprofits.
Revenue Growth
87th percentile
Faster revenue growth than 87% of similar nonprofits.
Assets
Down$1,657,739
Down $24,693 (-1.5%) from 2015
Net Assets
Down$996,539
Down $291 (-0.0%) from 2015
Liabilities
Down$661,200
Down $24,402 (-3.6%) from 2015
Revenue
Up$81,181
Up $24,156 (+42%) from 2015
Expenses
Down$88,418
Down $18,478 (-17%) from 2015
Net Income
Up-$7,237
Up $42,634 (+85%) from 2015
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,412,298 | $1,397,638 | ▼ $14,660 |
| Investments in Publicly Traded Securities | $155,546 | $124,654 | ▼ $30,892 |
| Other Notes and Loans Receivable, Net | $68,858 | $67,116 | ▼ $1,742 |
| Cash and Non-Interest-Bearing Accounts | - | $23,220 | - |
| Prepaid Expenses and Deferred Charges | $8,193 | $7,731 | ▼ $462 |
| Total Assets | $1,682,432 | $1,657,739 | ▼ $24,693 |
| Other Assets Total | $37,537 | $37,380 | ▼ $157 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $653,031 | $629,423 | ▼ $23,608 |
| Other Liabilities | $26,500 | $25,730 | ▼ $770 |
| Escrow Account Liability | $5,156 | $5,288 | ▲ $132 |
| Accounts Payable and Accrued Expenses | $915 | $759 | ▼ $156 |
| Total Liabilities | $685,602 | $661,200 | ▼ $24,402 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $996,830 | $996,539 | ▼ $291 |
| Total Net Assets Fund Balance | $996,830 | $996,539 | ▼ $291 |
| Total Liabilities and Net Assets / Fund Balance | $1,682,432 | $1,657,739 | ▼ $24,693 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $829,621 | - | $829,621 |
| Buildings | $228,520 | $171,990 | $400,510 |
| Other Land Buildings | $339,355 | - | $339,355 |
| Equipment | $142 | $189 | $331 |
| Name | Title | Other | Total |
|---|---|---|---|
| Loretta Thompson | bOARD MEMBER | $8,298 | $8,298 |
| Name | Title |
|---|---|
| EDWARD PLITT iii | Chair |
| TIMOTHY SOSINSKI- Former | CHAIR (Former) |
| Kevin J Kelehan | bOARD MEMBER |
| Mary Calder | Board Member |
| Line Item | Amount |
|---|---|
| Other Expenses | $84,212 |
| Salaries, Compensation, and Employee Benefits | $4,206 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $48,775 | - | - | $48,775 |
| Depreciation Depletion | $14,660 | - | - | $14,660 |
| Fees for Services Management | $8,145 | - | - | $8,145 |
| Fees for Services Accounting | $938 | $2,500 | - | $3,438 |
| Other Salaries and Wages | $3,412 | - | - | $3,412 |
| Fees for Services Legal | $1,513 | - | - | $1,513 |
| Office Expenses | $1,466 | - | - | $1,466 |
| Payroll Taxes | $533 | - | - | $533 |
| Other Employee Benefits | $261 | - | - | $261 |
| Interest | $132 | - | - | $132 |
| Other Expenses | $94 | - | - | $94 |
| Travel | $12 | - | - | $12 |
| Advertising | $2 | - | - | $2 |
| Total Functional Expenses | $85,918 | $2,500 | $0 | $88,418 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Grant Advance | $25,730 |
“The Corporation is obligated under the terms of a property management agreement with Heritage Housing Partners Corporation (HHP) through December 31, 2016. 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 31, 2016, property management fees totaling $8,145 were charged to operations.”
“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.”
“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.”
“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.”
“AVAILABLE UPON REQUEST”
“Utilities $ 909 repairs & maintenance 1,665 real estate taxes 12,305 interest expense 18,738 contracts 9,957 supplies 30 insurance 5,171 total occupancy expense $ 48,775”
“The process has not changed from the prior year”
“The amount of $4,788 as of December 31, 2016 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.”
“The Corporation is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code, except for unrelated business income as defined in the Code. The Corporation has been classified as a publicly-supported organization which is not a private foundation under Section 509(a) of the code.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 1 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 915 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 759 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| 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. |
| IRS990/AddressChangeInd | 0 | X |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 2 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 2 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Mary Drain Controller |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4435187685 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 9770 Patuxent Woods Drive Suite 305 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Columbia |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 21046 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 23220 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 1 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 6218 |
| IRS990/CYOtherExpensesAmt | 0 | 84212 |
| IRS990/CYOtherRevenueAmt | 0 | 20663 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 54300 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -7237 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 4206 |
| IRS990/CYTotalExpensesAmt | 0 | 88418 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 81181 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 14660 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 14660 |
| 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. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 5156 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 5288 |
| IRS990/ExpenseAmt | 0 | 85918 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 2500 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 938 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 3438 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 1513 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 1513 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 8145 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 8145 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 8.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | TIMOTHY SOSINSKI- Former |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | KEVIN J KELEHAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | EDWARD PLITT iii |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | LORETTA THOMPSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MARY CALDER |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 8298 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIR (Former) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | bOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | bOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1981 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 4 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 81181 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 132 |
| IRS990/InterestGrp/TotalAmt | 0 | 132 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 6218 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 6218 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 155546 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 124654 |
| IRS990/IRPDocumentCnt | 0 | 5 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 172179 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 1412298 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1397638 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1569817 |
| IRS990/LegalDomicileStateCd | 0 | MD |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 653031 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 629423 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 996830 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 996539 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 6946 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 48775 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 48775 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 1466 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 1466 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 37537 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 37380 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 261 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 261 |
| IRS990/OtherExpensesGrp/Desc | 0 | Consulting |
| IRS990/OtherExpensesGrp/Desc | 1 | Misc. Financial Expense |
| IRS990/OtherExpensesGrp/Desc | 2 | Other Taxes and Insuran |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 4517 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1458 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 94 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 4517 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 1458 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 94 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 26500 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 25730 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 531110 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Miscellanous Revenue |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 20663 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 20663 |
| IRS990/OtherRevenueTotalAmt | 0 | 20663 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 3412 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 3412 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 68858 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 67116 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 533 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 533 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 8193 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 7731 |
| IRS990/PrincipalOfficerNm | 0 | GRACE MORRIS |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Rental Income |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 54300 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 54300 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 6329 |
| IRS990/PYOtherExpensesAmt | 0 | 102524 |
| IRS990/PYOtherRevenueAmt | 0 | 20155 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 30541 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -49871 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 4372 |
| IRS990/PYTotalExpensesAmt | 0 | 106896 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 57025 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -7237 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 54300 |
| 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/SupportedOrgQualifiedInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd | 0 | 1 |
| 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/ExplanationTxt | 1 | THE ORGANIZATION OBTAINED A COPY OF THE SUPPORTING ORGANIZATION'S FORM 990 FOR REVIEW. THE ORGANIZATION REVIEWED THE SOURCES OF SUPPORT OF THE SUPPORTED ORGANIZATION AND CONFIRMED THAT A MAJORITY OF INCOME COMES FROM PROGRAM SERVICE REVENUE GENERATED FROM LOW-TO-MODERATE INCOME HOUSING RENTALS WHICH WOULD HAVE MET THE DEFINITION OF GROSS RECEIPTS FOR PURPOSES OF QUALIFYING AS A 509(A)(2) ORGANIZATION. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 2 | THE ORGANIZATION CONFIRMED THAT ALL SUPPORT PROVIDED WAS USED IN ACCORDANCE WITH SECTION 170(C)(2) PURPOSES. ALL FUNDS UTILIZED DURING THE YEAR WERE USED FOR AND RESTRICTED TO BE USED FOR THE PURPOSE OF PROVIDING LOW-TO-MODERATE INCOME HOUSING. THE ORGANIZATION DID NOT IMPLEMENT CONTROLS RELATED TO SUPPORT THAT WAS PROVIDED AS IT WAS DEEMED THAT ALL SUPPORT WENT TO HUD PROJECTS, AND EXISTING CONTROLS AT THE PROJECTS WERE SUFFICIENT. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART IV, LINE 1 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | PART IV, SECTION A, LINE 3B |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 2 | PART IV, SECTION A, LINE 3C |
| 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 |
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| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 171990 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 400510 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 142 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 189 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 331 |
| IRS990ScheduleD/ExplanationProvidedInd | 0 | X |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | 1 |
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| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 829621 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 339355 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 339355 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 25730 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | GRANT ADVANCE |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | The amount of $4,788 as of December 31, 2016 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/ExplanationTxt | 1 | The Corporation is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code, except for unrelated business income as defined in the Code. The Corporation has been classified as a publicly-supported organization which is not a private foundation under Section 509(a) of the code. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part IV, Line 2b: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part X, Line 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1397638 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 25730 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Corporation is obligated under the terms of a property management agreement with Heritage Housing Partners Corporation (HHP) through December 31, 2016. 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 31, 2016, property management fees totaling $8,145 were charged to operations. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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 | 2 | 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 | 3 | 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 | 4 | AVAILABLE UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | UTILITIES $ 909 REPAIRS & MAINTENANCE 1,665 REAL ESTATE TAXES 12,305 INTEREST EXPENSE 18,738 CONTRACTS 9,957 SUPPLIES 30 INSURANCE 5,171 TOTAL OCCUPANCY EXPENSE $ 48,775 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, line 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XII, LINE 2C |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | HERITAGE HOUSING PARTNERS CORPORATION |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 527309554 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C)(4) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | MD |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | MANAGEMENT COMPANY FOR LOW INCOME PROJECTS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 9150 RUMSEY ROAD A-1 |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 21045 |
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| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
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| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 1 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 1 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 1 |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MD |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
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| IRS990/TotalAssetsEOYAmt | 0 | 1657739 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1657739 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
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| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 2500 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 85918 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 88418 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 661200 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 685602 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 661200 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 996830 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 996539 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 85918 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 54300 |
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| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 81181 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 14 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1657739 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 8298 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 12 |
| IRS990/TravelGrp/TotalAmt | 0 | 12 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 996830 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 996539 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 9770 Patuxent Woods Drive Suite 305 |
| IRS990/USAddress/CityNm | 0 | COLUMBIA |
| IRS990/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990/USAddress/ZIPCd | 0 | 21046 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 4 |
| IRS990/VotingMembersIndependentCnt | 0 | 4 |
| IRS990/WebsiteAddressTxt | 0 | www.hhpcorp.org/perpetual-revolving-fund-d |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
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Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.