Civic Intelligence

Edinburgh Square Foundation

990 • Fiscal year 2020 • EIN 52-1260323

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 03, 2021

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

1.14x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

3.16x

Higher debt load relative to revenue than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

61st percentile

11%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

33rd percentile

0.2%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

2.7%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$3,614,901

Up $5,819 (+0.2%) from 2019

Net Assets

Up

-$495,337

Up $146,750 (+23%) from 2019

Liabilities

Down

$4,110,238

Down $140,931 (-3.3%) from 2019

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin61st percentile

Revenue

Up

$1,301,166

Up $34,587 (+2.7%) from 2019

Expenses

Down

$1,154,416

Down $12,602 (-1.1%) from 2019

Net Income

Up

$146,750

Up $47,189 (+47%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2020

Assets$3,614,901
Liabilities$4,110,238
Net Assets-$495,337
Open 2020 Filing

Operations Trend

Revenue Growth54th 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

2020

Revenue$1,301,166
Expenses$1,154,416
Net Income$146,750
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 3, 2021
Return Version
2019v5.2
Gross Receipts
$1,301,175
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$2,539,664$2,437,895▼ $101,769
Savings and Temporary Cash Investments$93,365$151,808▲ $58,443
Prepaid Expenses and Deferred Charges$20,259$17,340▼ $2,919
Accounts Receivable$17,781$8,488▼ $9,293
Cash and Non-Interest-Bearing Accounts$150$150→ $0
Total Assets$3,609,082$3,614,901▲ $5,819
Other Assets Total$937,863$999,220▲ $61,357
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,099,630$3,925,897▼ $173,733
Accounts Payable and Accrued Expenses$108,807$141,170▲ $32,363
Other Liabilities$42,179$42,824▲ $645
Deferred Revenue$553$347▼ $206
Total Liabilities$4,251,169$4,110,238▼ $140,931
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-642,087$-495,337▲ $146,750
Total Net Assets Fund Balance$-642,087$-495,337▲ $146,750
Total Liabilities and Net Assets / Fund Balance$3,609,082$3,614,901▲ $5,819

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,699,173$3,837,722$5,536,895
Equipment$449,040$1,075,511$1,524,551
Other Land Buildings$95,147$196,099$291,246
Land$194,535-$194,535
Other Assets Org$670,817--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Ronkeith AdkinsPresident
Shannon G AbellVice President
Alex AdkinsMember
Judy StokesMember
Paul ParadzinskiMember
Richard HuddlestonMember
Steven MusselwhiteMember
Raymond G CobbSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,299,068
Investment Income
$2,098
Other Revenue
$0
Change in Net Assets
$146,750

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,301,166
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,301,166
Total Revenue per Form 990
$1,301,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$872,561
Salaries, Compensation, and Employee Benefits$281,855
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$261,940--$261,940
Other Salaries and Wages$122,424$104,987-$227,411
Interest$167,070--$167,070
Fees for Services Management-$77,067-$77,067
Occupancy$63,609$9,308-$72,917
Insurance$63,612--$63,612
Other Employee Benefits$21,492$18,430-$39,922
Office Expenses$19,348$19,350-$38,698
Fees for Services Accounting-$24,440-$24,440
Payroll Taxes$7,818$6,704-$14,522
Other Expenses$8,150--$8,150
Advertising-$3,891-$3,891
All Other Expenses$3,674--$3,674
Fees for Services Legal-$3,041-$3,041
Travel$758--$758
Total Functional Expenses$887,198$267,218$0$1,154,416

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,154,416
Total Expenses per Audited Statements$1,154,416
Total Expenses per Form 990$1,154,416
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$42,824
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 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 24, 2023.”

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
2021-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronkeith Adkins
Formed
1982
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
6
Volunteers
34

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 461 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/PayrollTaxesGrp/ManagementAndGeneralAmt06704
IRS990/PayrollTaxesGrp/ProgramServicesAmt07818
IRS990/PayrollTaxesGrp/TotalAmt014522
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020259
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017340
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/RelatedOrExemptFuncIncomeAmt0799784
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1432085
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt248294
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt318905
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0799784
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1432085
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt248294
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt318905
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-1295
IRS990/PYOtherExpensesAmt0892019
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01267874
IRS990/PYRevenuesLessExpensesAmt099561
IRS990/PYSalariesCompEmpBnftPaidAmt0274999
IRS990/PYTotalExpensesAmt01167018
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01266579
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0146750
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01301166
IRS990/SavingsAndTempCashInvstGrp/BOYAmt093365
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0151808
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0848078
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0866261
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0862888
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0861451
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0835562
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04274240
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02107
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02597
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01184
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0905
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0642
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07435
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0432085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0392181
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0367902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0362480
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0364758
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01919406
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02107
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02597
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01184
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0905
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0642
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07435
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt018905
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt09432
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt07057
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt07667
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08072
IRS990ScheduleA/OtherIncome509Grp/TotalAmt051133
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99060
IRS990ScheduleA/PublicSupportPY509Pct00.99250
IRS990ScheduleA/PublicSupportTotal509Amt06193646
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01280163
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01258442
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01230790
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01223931
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01200320
IRS990ScheduleA/Total509Grp/TotalAmt06193646
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01301175
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01270471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01239031
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01232503
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01209034
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06252214
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01699173
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03837722
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05536895
IRS990ScheduleD/EquipmentGrp/BookValueAmt0449040
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01075511
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01524551
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01154416
IRS990ScheduleD/LandGrp/BookValueAmt0194535
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0194535
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt048595
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1279808
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2670817
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt095147
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0196099
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0291246
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt042824
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01301166
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02437895
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0999220
IRS990ScheduleD/TotalExpensesPerForm990Amt01154416
IRS990ScheduleD/TotalLiabilityAmt042824
IRS990ScheduleD/TotalRevenuePerForm990Amt01301166
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01301166
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01154416
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 24, 2023.
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03609082
IRS990/TotalAssetsEOYAmt03614901
IRS990/TotalAssetsGrp/BOYAmt03609082
IRS990/TotalAssetsGrp/EOYAmt03614901
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0267218
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0887198
IRS990/TotalFunctionalExpensesGrp/TotalAmt01154416

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,614,901
Liabilities
$4,110,238
Net assets
-$495,337
Revenue
$1,301,166
Expenses
$1,154,416
Net income
$146,750
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
2020Detailed filing. Detailed filing data is available for this year.$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