Civic Intelligence

Edinburgh Square Foundation

990 • Fiscal year 2021 • EIN 52-1260323

Oct 01, 2020 to Sep 30, 2021 • Filed on Feb 18, 2022

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

95th percentile

1.09x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

2.98x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

53rd percentile

14%

Higher net margin than 53% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

24th percentile

-0.7%

Faster asset growth than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

0.6%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$3,590,350

Down $24,551 (-0.7%) from 2020

Net Assets

Up

-$308,280

Up $187,057 (+38%) from 2020

Liabilities

Down

$3,898,630

Down $211,608 (-5.1%) from 2020

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin53rd percentile

Revenue

Up

$1,308,587

Up $7,421 (+0.6%) from 2020

Expenses

Down

$1,121,530

Down $32,886 (-2.8%) from 2020

Net Income

Up

$187,057

Up $40,307 (+27%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2021

Assets$3,590,350
Liabilities$3,898,630
Net Assets-$308,280
Open 2021 Filing

Operations Trend

Revenue Growth33rd 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

2021

Revenue$1,308,587
Expenses$1,121,530
Net Income$187,057
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Feb 18, 2022
Return Version
2020v4.2
Gross Receipts
$1,310,412
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$2,437,895$2,341,257▼ $96,638
Savings and Temporary Cash Investments$151,808$45,499▼ $106,309
Accounts Receivable$8,488$38,312▲ $29,824
Prepaid Expenses and Deferred Charges$17,340$26,180▲ $8,840
Cash and Non-Interest-Bearing Accounts$150$150→ $0
Total Assets$3,614,901$3,590,350▼ $24,551
Other Assets Total$999,220$1,138,952▲ $139,732
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,925,897$3,726,526▼ $199,371
Accounts Payable and Accrued Expenses$141,170$126,498▼ $14,672
Other Liabilities$42,824$42,798▼ $26
Deferred Revenue$347$2,808▲ $2,461
Total Liabilities$4,110,238$3,898,630▼ $211,608
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-495,337$-308,280▲ $187,057
Total Net Assets Fund Balance$-495,337$-308,280▲ $187,057
Total Liabilities and Net Assets / Fund Balance$3,614,901$3,590,350▼ $24,551

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,565,280$3,971,615$5,536,895
Equipment$498,174$1,180,463$1,678,637
Other Land Buildings$83,268$207,978$291,246
Land$194,535-$194,535
Other Assets Org$18,304--
Compensation and Service Providers
Top Officer Pay39th 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
$1,309,489
Investment Income
$-902
Other Revenue
$0
Change in Net Assets
$187,057

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,308,587
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,308,587
Total Revenue per Form 990
$1,308,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$840,227
Salaries, Compensation, and Employee Benefits$281,303
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$227,638--$227,638
Interest$117,669--$117,669
Fees for Services Management-$79,141-$79,141
Occupancy$66,768$9,456-$76,224
Insurance$70,638--$70,638
Other Employee Benefits$39,658--$39,658
Office Expenses$18,484$18,483-$36,967
Fees for Services Accounting-$21,240-$21,240
Payroll Taxes$14,007--$14,007
Other Expenses$7,700--$7,700
Advertising-$4,351-$4,351
All Other Expenses$1,640--$1,640
Travel$550--$550
Fees for Services Legal-$48-$48
Total Functional Expenses$988,811$132,719$0$1,121,530

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,121,530
Total Expenses per Audited Statements$1,121,530
Total Expenses per Form 990$1,121,530
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$42,798
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 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
2022-02-18
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
7
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
319 MCCLANAHAN ST SW, ROANOKE, VA 24014
Preparer
Patrick Pittman
Phone
5403450936
Raw XML AppendixShowing 400 of 463 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/PrepaidExpensesDefrdChargesGrp/BOYAmt017340
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026180
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/RelatedOrExemptFuncIncomeAmt0800768
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1452117
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt242902
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt313702
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0800768
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1452117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt242902
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt313702
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02098
IRS990/PYOtherExpensesAmt0872561
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01299068
IRS990/PYRevenuesLessExpensesAmt0146750
IRS990/PYSalariesCompEmpBnftPaidAmt0281855
IRS990/PYTotalExpensesAmt01154416
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01301166
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0187057
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01308587
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0151808
IRS990/SavingsAndTempCashInvstGrp/EOYAmt045499
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0843670
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0848078
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0866261
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0862888
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0861451
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04282348
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0923
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02107
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02597
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01184
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0905
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07716
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0485117
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0432085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0392181
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0367902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0362480
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02039765
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0923
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02107
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02597
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01184
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0905
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07716
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00120
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt013702
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt018905
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt09432
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt07057
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt07667
IRS990ScheduleA/OtherIncome509Grp/TotalAmt056763
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98990
IRS990ScheduleA/PublicSupportPY509Pct00.99060
IRS990ScheduleA/PublicSupportTotal509Amt06322113
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01328787
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01280163
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01258442
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01230790
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01223931
IRS990ScheduleA/Total509Grp/TotalAmt06322113
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01343412
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01301175
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01270471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01239031
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01232503
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06386592
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01565280
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03971615
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05536895
IRS990ScheduleD/EquipmentGrp/BookValueAmt0498174
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01180463
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01678637
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01121530
IRS990ScheduleD/LandGrp/BookValueAmt0194535
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0194535
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt049666
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1313246
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2757736
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt318304
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt083268
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0207978
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0291246
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt042798
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01308587
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02341257
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01138952
IRS990ScheduleD/TotalExpensesPerForm990Amt01121530
IRS990ScheduleD/TotalLiabilityAmt042798
IRS990ScheduleD/TotalRevenuePerForm990Amt01308587
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01308587
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01121530
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/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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03614901
IRS990/TotalAssetsEOYAmt03590350
IRS990/TotalAssetsGrp/BOYAmt03614901
IRS990/TotalAssetsGrp/EOYAmt03590350
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0132719
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0988811
IRS990/TotalFunctionalExpensesGrp/TotalAmt01121530
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04110238
IRS990/TotalLiabilitiesEOYAmt03898630

Document Assets

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,590,350
Liabilities
$3,898,630
Net assets
-$308,280
Revenue
$1,308,587
Expenses
$1,121,530
Net income
$187,057
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