Civic Intelligence

Edinburgh Square Foundation

990 • Fiscal year 2015 • EIN 52-1260323

Oct 01, 2014 to Sep 30, 2015 • Filed on Jan 26, 2016

Organization ProfileWWW.CSMMANAGEMENT.COM
3333 Peters Creek RdRoanoke, VA 24019-2719

(540) 563-1058

Siviq Scores

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

Liabilities / Assets

94th percentile

1.24x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

4.08x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

58th percentile

5.2%

Higher net margin than 58% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

37th percentile

-2.0%

Faster asset growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

42nd percentile

0.7%

Faster revenue growth than 42% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$3,884,504

Down $80,703 (-2.0%) from 2014

Net Assets

Up

-$942,386

Up $61,293 (+6.1%) from 2014

Liabilities

Down

$4,826,890

Down $141,996 (-2.9%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin58th percentile

Revenue

Up

$1,184,308

Up $8,235 (+0.7%) from 2014

Expenses

Down

$1,123,015

Down $4,586 (-0.4%) from 2014

Net Income

Up

$61,293

Up $12,821 (+26%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $4,439,268Liabilities 2011: $5,276,136Net Assets 2011: -$836,8682011Assets 2012: $4,357,770Liabilities 2012: $5,181,393Net Assets 2012: -$823,6232012Assets 2013: $4,296,742Liabilities 2013: $5,160,609Net Assets 2013: -$863,8672013Assets 2014: $3,965,207Liabilities 2014: $4,968,886Net Assets 2014: -$1,003,6792014Assets 2015: $3,884,504Liabilities 2015: $4,826,890Net Assets 2015: -$942,3862015Assets 2016: $3,816,924Liabilities 2016: $4,705,358Net Assets 2016: -$888,4342016Assets 2017: $3,781,952Liabilities 2017: $4,585,389Net Assets 2017: -$803,4372017Assets 2018: $3,635,750Liabilities 2018: $4,377,398Net Assets 2018: -$741,6482018Assets 2019: $3,609,082Liabilities 2019: $4,251,169Net Assets 2019: -$642,0872019Assets 2020: $3,614,901Liabilities 2020: $4,110,238Net Assets 2020: -$495,3372020Assets 2021: $3,590,350Liabilities 2021: $3,898,630Net Assets 2021: -$308,2802021Assets 2022: $3,509,784Liabilities 2022: $3,650,809Net Assets 2022: -$141,0252022Assets 2023: $3,442,662Liabilities 2023: $3,441,341Net Assets 2023: $1,3212023Assets 2024: $3,319,319Liabilities 2024: $3,229,767Net Assets 2024: $89,5522024Assets 2025: $3,320,397Liabilities 2025: $2,968,229Net Assets 2025: $352,1682025

Highlighted filing

2015

Assets$3,884,504
Liabilities$4,826,890
Net Assets-$942,386
Open 2015 Filing

Operations Trend

Revenue Growth42nd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,130,228Expenses 2011: $1,125,998Net Income 2011: $4,2302011Revenue 2012: $1,148,068Expenses 2012: $1,134,823Net Income 2012: $13,2452012Revenue 2013: $1,138,566Expenses 2013: $1,178,810Net Income 2013: -$40,2442013Revenue 2014: $1,176,073Expenses 2014: $1,127,601Net Income 2014: $48,4722014Revenue 2015: $1,184,308Expenses 2015: $1,123,015Net Income 2015: $61,2932015Revenue 2016: $1,206,359Expenses 2016: $1,152,407Net Income 2016: $53,9522016Revenue 2017: $1,229,412Expenses 2017: $1,144,415Net Income 2017: $84,9972017Revenue 2018: $1,234,763Expenses 2018: $1,172,974Net Income 2018: $61,7892018Revenue 2019: $1,266,579Expenses 2019: $1,167,018Net Income 2019: $99,5612019Revenue 2020: $1,301,166Expenses 2020: $1,154,416Net Income 2020: $146,7502020Revenue 2021: $1,308,587Expenses 2021: $1,121,530Net Income 2021: $187,0572021Revenue 2022: $1,327,426Expenses 2022: $1,160,171Net Income 2022: $167,2552022Revenue 2023: $1,366,129Expenses 2023: $1,223,783Net Income 2023: $142,3462023Revenue 2024: $1,415,490Expenses 2024: $1,327,259Net Income 2024: $88,2312024Revenue 2025: $1,463,040Expenses 2025: $1,200,424Net Income 2025: $262,6162025

Highlighted filing

2015

Revenue$1,184,308
Expenses$1,123,015
Net Income$61,293
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jan 26, 2016
Return Version
2014v6.0
Gross Receipts
$1,189,984
Mission and Program Overview

Mission

To provide low income housing for elderly and handicapped individuals

Provide housing for elderly and handicapped individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,286,413$3,138,611▼ $147,802
Savings and Temporary Cash Investments$28,049$33,100▲ $5,051
Prepaid Expenses and Deferred Charges$13,800$9,773▼ $4,027
Intangible Assets$2,930$2,794▼ $136
Accounts Receivable$6,762$2,180▼ $4,582
Cash and Non-Interest-Bearing Accounts$150$150→ $0
Total Assets$3,965,207$3,884,504▼ $80,703
Other Assets Total$627,103$697,896▲ $70,793
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,858,291$4,719,937▼ $138,354
Accounts Payable and Accrued Expenses$68,148$67,312▼ $836
Other Liabilities$38,520$39,485▲ $965
Deferred Revenue$3,927$156▼ $3,771
Total Liabilities$4,968,886$4,826,890▼ $141,996
Net Assets / Fund Balance
Unrestricted Net Assets$-1,003,679$-942,386▲ $61,293
Total Net Assets Fund Balance$-1,003,679$-942,386▲ $61,293
Total Liabilities and Net Assets / Fund Balance$3,965,207$3,884,504▼ $80,703

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,307,406$3,161,108$5,468,514
Equipment$518,886$620,827$1,139,713
Other Land Buildings$117,784$141,275$259,059
Land$194,535-$194,535
Other Assets Org$452,143--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Ronkeith AdkinsPresident
Alex AdkinsMember
Linda LapradeMember
Paul ParadzinskiMember
Scott DulaneyMember
Shannon G AbellMember
William TriplettMember
Raymond G CobbSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,189,395
Investment Income
$-5,087
Other Revenue
$0
Change in Net Assets
$61,293

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,184,308
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,184,308
Total Revenue per Form 990
$1,184,308
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$881,858
Salaries, Compensation, and Employee Benefits$241,157
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$263,431--$263,431
Interest$209,533--$209,533
Other Salaries and Wages$99,243$86,908-$186,151
Occupancy$77,295--$77,295
Fees for Services Management-$71,090-$71,090
Insurance$51,261--$51,261
Other Employee Benefits$22,912$20,065-$42,977
Office Expenses$16,206$16,204-$32,410
Fees for Services Accounting-$21,540-$21,540
Payroll Taxes$6,413$5,616-$12,029
Other Expenses$8,977--$8,977
Advertising$2,850--$2,850
Fees for Services Legal-$2,361-$2,361
Travel$1,922--$1,922
All Other Expenses$1,094--$1,094
Total Functional Expenses$899,231$223,784$0$1,123,015

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,123,015
Total Expenses per Audited Statements$1,123,015
Total Expenses per Form 990$1,123,015
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$39,485
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
Yes
Other officer compensation reviewed
Yes
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 2

“Ronkeith adkins (board president) is the father of alex adkins (board member).”

Form 990, Part VI, Section A, Line 3

“The corporation pays a monthly management fee equal to 6.25% of gross collections (excluding interest income) to an independent management agent. In addition, the corporation paid the management agent a financial accounting fee of $7.50 per dwelling unit per month. The current management agent's certification expires june 23, 2017.”

Form 990, Part VI, Section B, Line 11

“It is the practice of the independent auditor to present the form 990 to the president of the board and to explain in detail each part of the form 990 prior to its filing. During this meeting, the president is given the opportunity to ask questions related to items present on the form 990.”

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

“The conflict of interest policy is reviewed with the board at one of the board meetings held throughout the year. Any conflicts of interest are identified and required to be disclosed immediately.”

Form 990, Part VI, Section B, Line 15

“As part of the annual budgeting process, all salaries are reviewed for reasonableness and all changes are approved by the board.”

Form 990, Part VI, Section C, Line 19

“The organization makes their conflict of interest policy and financial statements available to the public upon request. The organization does not make public its governing documents.”

Filing and Contact Details

Filer

Filer Name
Edinburgh Square Foundation
EIN
52-1260323
Phone
5405631058
Address
3333 PETERS CREEK RD, ROANOKE, VA 24019-2719

Signing Officer

Name
Ronkeith Adkins
Title
President
Phone
5405631058
Signed
2016-01-26

Organization Details

Principal Officer
Ronkeith Adkins
Formed
1982
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
7
Volunteers
105

Preparer

Firm
Brown Edwards & Company Llp
Address
319 MCCLANAHAN ST SW, ROANOKE, VA 24014
Preparer
Tony M Harris Jr
Phone
5403450936
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“This process is unchanged from the prior year.”

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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/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05616
IRS990/PayrollTaxesGrp/ProgramServicesAmt06413
IRS990/PayrollTaxesGrp/TotalAmt012029
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013800
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09773
IRS990/PrincipalOfficerNm0RONKEITH ADKINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME - HAP
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME-TENANTS
IRS990/ProgramServiceRevenueGrp/Desc2SERVICE GRANT INCOME
IRS990/ProgramServiceRevenueGrp/Desc3MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0778221
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1366415
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt236616
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38143
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0778221
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1366415
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt236616
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38143
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-8551
IRS990/PYOtherExpensesAmt0887490
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01184624
IRS990/PYRevenuesLessExpensesAmt048472
IRS990/PYSalariesCompEmpBnftPaidAmt0240111
IRS990/PYTotalExpensesAmt01127601
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01176073
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt061293
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01184308
IRS990/SavingsAndTempCashInvstGrp/BOYAmt028049
IRS990/SavingsAndTempCashInvstGrp/EOYAmt033100
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0814837
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0813373
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0789403
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0820951
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0817920
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04056484
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0589
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0584
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0753
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0929
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01471
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04326
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0366415
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0363622
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0365034
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0321045
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0312935
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01729051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0589
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0584
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0753
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0929
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01471
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04326
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt08143
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt07629
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt014718
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt06979
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06381
IRS990ScheduleA/OtherIncome509Grp/TotalAmt043850
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99170
IRS990ScheduleA/PublicSupportPY509Pct00.99160
IRS990ScheduleA/PublicSupportTotal509Amt05785535
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01181252
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01176995
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01154437
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01141996
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01130855
IRS990ScheduleA/Total509Grp/TotalAmt05785535
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01189984
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01185208
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01169908
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01149904
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01138707
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05833711
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02307406
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03161108
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05468514
IRS990ScheduleD/EquipmentGrp/BookValueAmt0518886
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0620827
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01139713
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01123015
IRS990ScheduleD/LandGrp/BookValueAmt0194535
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0194535
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt043647
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1202106
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2452143
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0117784
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0141275
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0259059
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039485
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01184308
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03138611
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0697896
IRS990ScheduleD/TotalExpensesPerForm990Amt01123015
IRS990ScheduleD/TotalLiabilityAmt039485
IRS990ScheduleD/TotalRevenuePerForm990Amt01184308
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01184308
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01123015
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RONKEITH ADKINS (BOARD PRESIDENT) IS THE FATHER OF ALEX ADKINS (BOARD MEMBER).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION PAYS A MONTHLY MANAGEMENT FEE EQUAL TO 6.25% OF GROSS COLLECTIONS (EXCLUDING INTEREST INCOME) TO AN INDEPENDENT MANAGEMENT AGENT. IN ADDITION, THE CORPORATION PAID THE MANAGEMENT AGENT A FINANCIAL ACCOUNTING FEE OF $7.50 PER DWELLING UNIT PER MONTH. THE CURRENT MANAGEMENT AGENT'S CERTIFICATION EXPIRES JUNE 23, 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IT IS THE PRACTICE OF THE INDEPENDENT AUDITOR TO PRESENT THE FORM 990 TO THE PRESIDENT OF THE BOARD AND TO EXPLAIN IN DETAIL EACH PART OF THE FORM 990 PRIOR TO ITS FILING. DURING THIS MEETING, THE PRESIDENT IS GIVEN THE OPPORTUNITY TO ASK QUESTIONS RELATED TO ITEMS PRESENT ON THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD AT ONE OF THE BOARD MEETINGS HELD THROUGHOUT THE YEAR. ANY CONFLICTS OF INTEREST ARE IDENTIFIED AND REQUIRED TO BE DISCLOSED IMMEDIATELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AS PART OF THE ANNUAL BUDGETING PROCESS, ALL SALARIES ARE REVIEWED FOR REASONABLENESS AND ALL CHANGES ARE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES THEIR CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT MAKE PUBLIC ITS GOVERNING DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THIS PROCESS IS UNCHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03965207
IRS990/TotalAssetsEOYAmt03884504
IRS990/TotalAssetsGrp/BOYAmt03965207
IRS990/TotalAssetsGrp/EOYAmt03884504
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,884,504
Liabilities
$4,826,890
Net assets
-$942,386
Revenue
$1,184,308
Expenses
$1,123,015
Net income
$61,293
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.32$2.97$0.35$1.46$1.20$0.26
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$3.23$0.09$1.42$1.33$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.44$3.44$0.00$1.37$1.22$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$3.65$0.14$1.33$1.16$0.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$3.90$0.31$1.31$1.12$0.19
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.61$4.11$0.50$1.30$1.15$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.61$4.25$0.64$1.27$1.17$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.64$4.38$0.74$1.23$1.17$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.78$4.59$0.80$1.23$1.14$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.82$4.71$0.89$1.21$1.15$0.05
2015Detailed filing. Detailed filing data is available for this year.$3.88$4.83$0.94$1.18$1.12$0.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.97$4.97$1.00$1.18$1.13$0.05
2013Summary only. Only limited summary data is available for this year.$4.30$5.16$0.86$1.14$1.18$0.04
2012Summary only. Only limited summary data is available for this year.$4.36$5.18$0.82$1.15$1.13$0.01
2011Summary only. Only limited summary data is available for this year.$4.44$5.28$0.84$1.13$1.13$0.00