Civic Intelligence

Jubilee Baltimore Inc.

990 • Fiscal year 2016 • EIN 52-1222237

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 22, 2016

Organization ProfileJUBILEEBALTIMORE.ORG
25 E 20th StreetBaltimore, MD 21218

(410) 327-7373

Siviq Scores

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

Liabilities / Assets

76th percentile

0.57x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

3.41x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

89th percentile

37%

Higher net margin than 89% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

24th percentile

$106,267

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

1st percentile

-62%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

26th percentile

-6.5%

Faster revenue growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$11,830,812

Down $19,515,034 (-62%) from 2015

Net Assets

Up

$5,029,011

Up $1,978 (+0.0%) from 2015

Liabilities

Down

$6,801,801

Down $19,517,012 (-74%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin89th percentile

Revenue

Down

$1,997,474

Down $139,945 (-6.5%) from 2015

Expenses

Up

$1,263,778

Up $232,257 (+23%) from 2015

Net Income

Down

$733,696

Down $372,202 (-34%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$40M$30M$20M$10M$0-$10MAssets 2012: $3,030,502Liabilities 2012: $1,553,264Net Assets 2012: $1,477,2382012Assets 2013: $3,061,366Liabilities 2013: $1,672,050Net Assets 2013: $1,389,3162013Assets 2014: $13,226,528Liabilities 2014: $9,305,393Net Assets 2014: $3,921,1352014Assets 2015: $31,345,846Liabilities 2015: $26,318,813Net Assets 2015: $5,027,0332015Assets 2016: $11,830,812Liabilities 2016: $6,801,801Net Assets 2016: $5,029,0112016Assets 2017: $11,292,480Liabilities 2017: $4,967,849Net Assets 2017: $6,324,6312017Assets 2018: $11,453,308Liabilities 2018: $4,966,566Net Assets 2018: $6,486,7422018Assets 2019: $10,909,703Liabilities 2019: $5,035,669Net Assets 2019: $5,874,0342019Assets 2020: $9,706,406Liabilities 2020: $4,953,957Net Assets 2020: $4,752,4492020Assets 2021: $3,483,352Liabilities 2021: $5,967,739Net Assets 2021: -$2,484,3872021Assets 2022: $10,610,976Liabilities 2022: $10,259,319Net Assets 2022: $351,6572022Assets 2023: $20,717,327Liabilities 2023: $16,812,243Net Assets 2023: $3,905,0842023Assets 2024: $10,800,797Liabilities 2024: $7,458,707Net Assets 2024: $3,342,0902024

Highlighted filing

2016

Assets$11,830,812
Liabilities$6,801,801
Net Assets$5,029,011
Open 2016 Filing

Operations Trend

Revenue Growth26th percentile

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

$10M$5.0M$0-$5.0MExpenses 2012: $772,1142012Expenses 2013: $808,3872013Revenue 2014: $3,098,745Expenses 2014: $566,926Net Income 2014: $2,531,8192014Revenue 2015: $2,137,419Expenses 2015: $1,031,521Net Income 2015: $1,105,8982015Revenue 2016: $1,997,474Expenses 2016: $1,263,778Net Income 2016: $733,6962016Revenue 2017: $586,408Expenses 2017: $1,122,172Net Income 2017: -$535,7642017Revenue 2018: $1,447,903Expenses 2018: $969,453Net Income 2018: $478,4502018Revenue 2019: $694,735Expenses 2019: $1,192,415Net Income 2019: -$497,6802019Revenue 2020: $556,066Expenses 2020: $1,188,223Net Income 2020: -$632,1572020Revenue 2021: $985,438Expenses 2021: $1,331,251Net Income 2021: -$345,8132021Revenue 2022: $7,560,511Expenses 2022: $2,218,821Net Income 2022: $5,341,6902022Revenue 2023: $1,486,860Expenses 2023: $2,162,915Net Income 2023: -$676,0552023Revenue 2024: $1,535,805Expenses 2024: $2,123,448Net Income 2024: -$587,6432024

Highlighted filing

2016

Revenue$1,997,474
Expenses$1,263,778
Net Income$733,696
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 22, 2016
Return Version
2015v2.1
Gross Receipts
$2,221,655
Mission and Program Overview

Mission

To purchase, rehabilitate, and lease multi-family dwellings to qualified low income tenants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,815,391$9,766,008▼ $49,383
Land, Buildings, and Equipment, Net$16,282,647$759,240▼ $15,523,407
Cash and Non-Interest-Bearing Accounts$2,993,160$365,392▼ $2,627,768
Savings and Temporary Cash Investments$152,456$0▼ $152,456
Pledges and Grants Receivable$45,246$57,730▲ $12,484
Accounts Receivable$508$508→ $0
Investments Other Securities$-122,970$-628,417▼ $505,447
Total Assets$31,345,846$11,830,812▼ $19,515,034
Other Assets Total$2,179,408$1,510,351▼ $669,057
Liabilities
Mortgage Notes Payable Secured by Investment Property$22,882,439$6,349,161▼ $16,533,278
Other Liabilities$1,574,057$255,981▼ $1,318,076
Accounts Payable and Accrued Expenses$1,825,831$160,173▼ $1,665,658
Deferred Revenue$36,486$36,486→ $0
Total Liabilities$26,318,813$6,801,801▼ $19,517,012
Net Assets / Fund Balance
Unrestricted Net Assets$5,027,033$5,029,011▲ $1,978
Total Net Assets Fund Balance$5,027,033$5,029,011▲ $1,978
Total Liabilities and Net Assets / Fund Balance$31,345,846$11,830,812▼ $19,515,034

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$750,857$184,987$935,844
Other Land Buildings$8,383$16,912$25,295
Other Assets Org$22,093--
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles B Duff JrExec DirectorFT$82,267$24,000$106,267
Talya Hord ConstableAssistant SecretaryFT$46,856$6,978$53,834

Board Members and Trustees

NameTitle
Kenneth a Bourne JrChairman & Treasurer
J Joseph ClarkeVice President
Angela Gravely-smithDirector
Edward M HordDirector
Maureen FlynnDirector
Melissa WarlowDirector
Paul BrophyDirector
Richard ManekinDirector
Robert R Kern Jr EsqDirector
Ed RutkowskiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$400,983
Program Service Revenue
$888,763
Investment Income
$241,170
Other Revenue
$466,558
All Other Contributions
$274,983
Change in Net Assets
$733,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$624,657
Salaries, Compensation, and Employee Benefits$400,121
Grants and Similar Amounts Paid$239,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$389,763--$389,763
Grants to Domestic Orgs$239,000--$239,000
Other Salaries and Wages$179,508--$179,508
Current Officers, Directors, Trustees, and Key Employees$79,700$80,401-$160,101
Depreciation Depletion$38,417--$38,417
Occupancy$11,752$23,573-$35,325
Other Employee Benefits$26,295$8,156-$34,451
Office Expenses-$34,141-$34,141
Fees for Services Accounting-$27,115-$27,115
Payroll Taxes$19,891$6,170-$26,061
Fees for Services Legal$16,962--$16,962
Insurance$11,770--$11,770
All Other Expenses$7,116$3,533-$10,649
Other Expenses$6,573$6,888-$6,573
Total Functional Expenses$1,073,801$189,977$0$1,263,778
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
10 E North LLCBaltimore, MD-For Housing Assistance for Qualified Low Income Tenants.$126,000
Homes for America IncAnnapolis, MD501(c)3For Housing Assistance for Qualified Low Income Tenants.$100,000
Midtown Development CorporationBaltimore, MD501(c)3To Assist the Midtown Community to Aid in Physical Redevelopment of the Area$13,000
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
Due to Related Party$243,769
Escrowed Funds$6,684
Security Deposits$5,528
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The organization has a committee to review and approve the draft tax return. The committee compares the final tax return with the audited financial statements to determine if the return looks reasonable. Once approved, the tax return is signed and filed with the internal revenue service.”

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

“The organization reviews it's conflict of interest policy every year and requires every employee to review and sign the policy. The organization's management monitors transactions during the year determining if there are any potential conflicts of interest taking place.”

Form 990, Part VI, Section C, Line 18

“The organization makes its form 990 available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflicts of interest policies, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Jubilee Baltimore Inc
EIN
52-1222237
Phone
4103277373
Address
25 E 20TH STREET, BALTIMORE, MD 21218

Signing Officer

Name
Charles B Duff Jr
Title
Executive Director
Phone
4103277373
Signed
2016-11-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles B Duff Jr
Formed
1980
Legal Domicile
Md
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
0

Preparer

Firm
Grandizio Wilkins Little & Matthews
Address
1122 KENILWORTH DRIVE SUITE 413, TOWSON, MD 21204
Preparer
Henry a Grandizio
Phone
4104940885
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The committee's process for oversight of the audit of its financial statements and selection of an independent accountant has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization's evaluation on june 30, 2016, revealed no uncertain tax positions that would have a material impact on the consolidated financial statements. The 2012 through 2014 tax years remain subject to examination by the irs. The organization does not believe that any reasonably possible changes will occur within the next twelve (12) months that will have a material impact on the consolidated financial statements.”

Raw XML AppendixShowing 400 of 744 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/NetAssetsOrFundBalancesBOYAmt05027033
IRS990/NetAssetsOrFundBalancesEOYAmt05029011
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0145819
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0145819
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-731718
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt023573
IRS990/OccupancyGrp/ProgramServicesAmt011752
IRS990/OccupancyGrp/TotalAmt035325
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt034141
IRS990/OfficeExpensesGrp/TotalAmt034141
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02179408
IRS990/OtherAssetsTotalGrp/EOYAmt01510351
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08156
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt026295
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034451
IRS990/OtherExpensesGrp/Desc0PROJECT COSTS
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3PROPERTY TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06888
IRS990/OtherExpensesGrp/ProgramServicesAmt030556
IRS990/OtherExpensesGrp/ProgramServicesAmt116498
IRS990/OtherExpensesGrp/ProgramServicesAmt26573
IRS990/OtherExpensesGrp/TotalAmt030556
IRS990/OtherExpensesGrp/TotalAmt116498
IRS990/OtherExpensesGrp/TotalAmt26888
IRS990/OtherExpensesGrp/TotalAmt36573
IRS990/OtherLiabilitiesGrp/BOYAmt01574057
IRS990/OtherLiabilitiesGrp/EOYAmt0255981
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0CANCELLATION OF DEBT
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0425227
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt141331
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0425227
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt141331
IRS990/OtherRevenueTotalAmt0466558
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0179508
IRS990/OtherSalariesAndWagesGrp/TotalAmt0179508
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09815391
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09766008
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06170
IRS990/PayrollTaxesGrp/ProgramServicesAmt019891
IRS990/PayrollTaxesGrp/TotalAmt026061
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt045246
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt057730
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHARLES B DUFF JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2561000
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPER'S FEES
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2CONSULTING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0791691
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt157076
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt239996
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0791691
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt157076
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt239996
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0543397
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0643712
IRS990/PYOtherRevenueAmt0210667
IRS990/PYProgramServiceRevenueAmt01383355
IRS990/PYRevenuesLessExpensesAmt01105898
IRS990/PYSalariesCompEmpBnftPaidAmt0387809
IRS990/PYTotalExpensesAmt01031521
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02137419
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0733696
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01501140
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0152456
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0400983
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01230897
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01206848
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0499545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0570447
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03908720
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0241170
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0241170
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03967230
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91700
IRS990ScheduleA/PublicSupportPY170Pct00.99330
IRS990ScheduleA/PublicSupportTotal170Amt03805616
IRS990ScheduleA/SubstantialContributorsTotAmt0103104
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0400983
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01230897
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01206848
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0499545
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0570447
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03908720
IRS990ScheduleA/TotalSupportAmt04149890
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/BookValueAmt0750857
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0184987
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0935844
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt050530
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1910759
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2175608
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3193118
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4286
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt554212
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt642636
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt723824
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt837285
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt922093
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEVELOPMENT PROPERTY AND COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM OTHERS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CONSULTING FEE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4REAL ESTATE TAX ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5DEFERRED LOAN COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6DEVELOPERS FEE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8MORTGAGE ESCROW DEPOSITS AND FUNDED RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc9PREPAID EXPENSES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08383
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016912
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt025295
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05528
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16684
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2243769
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ESCROWED FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO RELATED PARTY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S EVALUATION ON JUNE 30, 2016, REVEALED NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. THE 2012 THROUGH 2014 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE IRS. THE ORGANIZATION DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES WILL OCCUR WITHIN THE NEXT TWELVE (12) MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0759240
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01510351
IRS990ScheduleD/TotalLiabilityAmt0255981
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt013000
IRS990ScheduleI/RecipientTable/CashGrantAmt1100000
IRS990ScheduleI/RecipientTable/CashGrantAmt2126000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ASSIST THE MIDTOWN COMMUNITY TO AID IN PHYSICAL REDEVELOPMENT OF THE AREA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FOR HOUSING ASSISTANCE FOR QUALIFIED LOW INCOME TENANTS.

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,830,812
Liabilities
$6,801,801
Net assets
$5,029,011
Revenue
$1,997,474
Expenses
$1,263,778
Net income
$733,696
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.8$7.46$3.34$1.54$2.12$0.59
2023Detailed filing. Detailed filing data is available for this year.$20.7$16.8$3.91$1.49$2.16$0.68
2022Detailed filing. Detailed filing data is available for this year.$10.6$10.3$0.35$7.56$2.22$5.34
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$5.97$2.48$0.99$1.33$0.35
2020Detailed filing. Detailed filing data is available for this year.$9.71$4.95$4.75$0.56$1.19$0.63
2019Detailed filing. Detailed filing data is available for this year.$10.9$5.04$5.87$0.69$1.19$0.50
2018Detailed filing. Detailed filing data is available for this year.$11.5$4.97$6.49$1.45$0.97$0.48
2017Detailed filing. Detailed filing data is available for this year.$11.3$4.97$6.32$0.59$1.12$0.54
2016Detailed filing. Detailed filing data is available for this year.$11.8$6.80$5.03$2.00$1.26$0.73
2015Detailed filing. Detailed filing data is available for this year.$31.3$26.3$5.03$2.14$1.03$1.11
2014Detailed filing. Detailed filing data is available for this year.$13.2$9.31$3.92$3.10$0.57$2.53
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$1.67$1.39$0.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$1.55$1.48$0.77