Civic Intelligence

Edinburgh Square Foundation

990 • Fiscal year 2018 • EIN 52-1260323

Oct 01, 2017 to Sep 30, 2018 • Filed on Jan 10, 2019

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

1.20x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

3.55x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

56th percentile

5.0%

Higher net margin than 56% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

28th percentile

-3.9%

Faster asset growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

41st percentile

0.4%

Faster revenue growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$3,635,750

Down $146,202 (-3.9%) from 2017

Net Assets

Up

-$741,648

Up $61,789 (+7.7%) from 2017

Liabilities

Down

$4,377,398

Down $207,991 (-4.5%) from 2017

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin56th percentile

Revenue

Up

$1,234,763

Up $5,351 (+0.4%) from 2017

Expenses

Up

$1,172,974

Up $28,559 (+2.5%) from 2017

Net Income

Down

$61,789

Down $23,208 (-27%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth28th 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

2018

Assets$3,635,750
Liabilities$4,377,398
Net Assets-$741,648
Open 2018 Filing

Operations Trend

Revenue Growth41st 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

2018

Revenue$1,234,763
Expenses$1,172,974
Net Income$61,789
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jan 10, 2019
Return Version
2017v2.3
Gross Receipts
$1,239,031
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$2,864,877$2,687,375▼ $177,502
Savings and Temporary Cash Investments$59,797$44,567▼ $15,230
Accounts Receivable$38,540$19,942▼ $18,598
Prepaid Expenses and Deferred Charges$16,293$18,402▲ $2,109
Cash and Non-Interest-Bearing Accounts$150$150→ $0
Total Assets$3,781,952$3,635,750▼ $146,202
Other Assets Total$802,295$865,314▲ $63,019
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,421,889$4,264,285▼ $157,604
Accounts Payable and Accrued Expenses$123,570$72,876▼ $50,694
Other Liabilities$39,650$39,987▲ $337
Deferred Revenue$280$250▼ $30
Total Liabilities$4,585,389$4,377,398▼ $207,991
Net Assets / Fund Balance
Unrestricted Net Assets$-803,437$-741,648▲ $61,789
Total Net Assets Fund Balance$-803,437$-741,648▲ $61,789
Total Liabilities and Net Assets / Fund Balance$3,781,952$3,635,750▼ $146,202

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,967,750$3,565,664$5,533,414
Equipment$426,312$890,955$1,317,267
Other Land Buildings$98,778$173,081$271,859
Land$194,535-$194,535
Other Assets Org$603,598--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Ronkeith AdkinsPresident
Shannon G AbellVice President
Alex AdkinsMember
Don WilsonMember
Judy StokesMember
Paul ParadzinskiMember
Scott DulaneyMember
William TriplettMember Emeritus
Raymond G CobbSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,237,847
Investment Income
$-3,084
Other Revenue
$0
Change in Net Assets
$61,789

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,234,763
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,234,763
Total Revenue per Form 990
$1,234,763
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$907,587
Salaries, Compensation, and Employee Benefits$265,387
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$259,624--$259,624
Other Salaries and Wages$110,651$95,612-$206,263
Interest$190,071--$190,071
Occupancy$75,364--$75,364
Fees for Services Management-$74,485-$74,485
Insurance$63,613--$63,613
Other Employee Benefits$24,407$21,090-$45,497
Office Expenses$19,559$19,556-$39,115
Fees for Services Accounting-$21,940-$21,940
Payroll Taxes$7,310$6,317-$13,627
Advertising$7,011--$7,011
Other Expenses$6,120--$6,120
All Other Expenses$2,952--$2,952
Travel$1,991--$1,991
Fees for Services Legal-$808-$808
Total Functional Expenses$933,166$239,808$0$1,172,974

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,172,974
Total Expenses per Audited Statements$1,172,974
Total Expenses per Form 990$1,172,974
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$39,987
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
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, 2020.”

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

“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 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
2019-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronkeith Adkins
Formed
1982
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
81

Preparer

Firm
Brown Edwards & Company Llp
Address
319 MCCLANAHAN ST SW, ROANOKE, VA 24014
Preparer
Melissa Stanley
Phone
5403450936
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“This process is unchanged from the prior year.”

Raw XML AppendixShowing 400 of 477 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/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
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IRS990/OtherExpensesGrp/TotalAmt36120
IRS990/OtherLiabilitiesGrp/BOYAmt039650
IRS990/OtherLiabilitiesGrp/EOYAmt039987
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt095612
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0110651
IRS990/OtherSalariesAndWagesGrp/TotalAmt0206263
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06317
IRS990/PayrollTaxesGrp/ProgramServicesAmt07310
IRS990/PayrollTaxesGrp/TotalAmt013627
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016293
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018402
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/RelatedOrExemptFuncIncomeAmt0827577
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1367902
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt235311
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt37057
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0827577
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1367902
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt235311
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt37057
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-2186
IRS990/PYOtherExpensesAmt0885765
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01231598
IRS990/PYRevenuesLessExpensesAmt084997
IRS990/PYSalariesCompEmpBnftPaidAmt0258650
IRS990/PYTotalExpensesAmt01144415
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01229412
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt061789
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01234763
IRS990/SavingsAndTempCashInvstGrp/BOYAmt059797
IRS990/SavingsAndTempCashInvstGrp/EOYAmt044567
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0862888
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0861451
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0835562
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0814837
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0813373
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04188111
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01184
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0905
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0642
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0589
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0584
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03904
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0367902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0362480
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0364758
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0366415
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0363622
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01825177
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01184
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0905
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0642
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0589
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0584
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03904
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt07057
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt07667
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt08072
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08143
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt07629
IRS990ScheduleA/OtherIncome509Grp/TotalAmt038568
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99300
IRS990ScheduleA/PublicSupportPY509Pct00.99170
IRS990ScheduleA/PublicSupportTotal509Amt06013288
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01230790
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01223931
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01200320
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01181252
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01176995
IRS990ScheduleA/Total509Grp/TotalAmt06013288
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01239031
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01232503
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01209034
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01189984
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01185208
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06055760
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01967750
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03565664
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05533414
IRS990ScheduleD/EquipmentGrp/BookValueAmt0426312
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0890955
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01317267
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01172974
IRS990ScheduleD/LandGrp/BookValueAmt0194535
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0194535
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt044239
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1217477
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2603598
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt098778
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0173081
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0271859
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039987
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01234763
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02687375
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0865314
IRS990ScheduleD/TotalExpensesPerForm990Amt01172974
IRS990ScheduleD/TotalLiabilityAmt039987
IRS990ScheduleD/TotalRevenuePerForm990Amt01234763
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01234763
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01172974
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, 2020.
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/ExplanationTxt4THE 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/ExplanationTxt5THIS 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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03781952
IRS990/TotalAssetsEOYAmt03635750
IRS990/TotalAssetsGrp/BOYAmt03781952

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,635,750
Liabilities
$4,377,398
Net assets
-$741,648
Revenue
$1,234,763
Expenses
$1,172,974
Net income
$61,789
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
2018Detailed filing. Detailed filing data is available for this year.$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