Civic Intelligence

Edinburgh Square Foundation

990 • Fiscal year 2022 • EIN 52-1260323

Oct 01, 2021 to Sep 30, 2022 • Filed on Feb 02, 2023

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

1.04x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

2.75x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

60th percentile

13%

Higher net margin than 60% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

39th percentile

-2.2%

Faster asset growth than 39% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

43rd percentile

1.4%

Faster revenue growth than 43% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$3,509,784

Down $80,566 (-2.2%) from 2021

Net Assets

Up

-$141,025

Up $167,255 (+54%) from 2021

Liabilities

Down

$3,650,809

Down $247,821 (-6.4%) from 2021

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin60th percentile

Revenue

Up

$1,327,426

Up $18,839 (+1.4%) from 2021

Expenses

Up

$1,160,171

Up $38,641 (+3.4%) from 2021

Net Income

Down

$167,255

Down $19,802 (-11%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2022

Assets$3,509,784
Liabilities$3,650,809
Net Assets-$141,025
Open 2022 Filing

Operations Trend

Revenue Growth43rd 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

2022

Revenue$1,327,426
Expenses$1,160,171
Net Income$167,255
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Feb 2, 2023
Return Version
2021v4.2
Gross Receipts
$1,331,935
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$2,341,257$2,205,221▼ $136,036
Savings and Temporary Cash Investments$45,499$52,263▲ $6,764
Accounts Receivable$38,312$46,788▲ $8,476
Prepaid Expenses and Deferred Charges$26,180$30,733▲ $4,553
Cash and Non-Interest-Bearing Accounts$150$150→ $0
Total Assets$3,590,350$3,509,784▼ $80,566
Other Assets Total$1,138,952$1,174,629▲ $35,677
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,726,526$3,520,922▼ $205,604
Accounts Payable and Accrued Expenses$126,498$79,069▼ $47,429
Other Liabilities$42,798$44,614▲ $1,816
Deferred Revenue$2,808$6,204▲ $3,396
Total Liabilities$3,898,630$3,650,809▼ $247,821
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-308,280$-141,025▲ $167,255
Total Net Assets Fund Balance$-308,280$-141,025▲ $167,255
Total Liabilities and Net Assets / Fund Balance$3,590,350$3,509,784▼ $80,566

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,458,961$4,105,342$5,564,303
Equipment$480,336$1,278,175$1,758,511
Other Land Buildings$71,389$219,857$291,246
Land$194,535-$194,535
Other Assets Org$73--
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
$1,330,797
Investment Income
$-3,371
Other Revenue
$0
Change in Net Assets
$167,255

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,327,426
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,327,426
Total Revenue per Form 990
$1,327,426
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$851,223
Salaries, Compensation, and Employee Benefits$308,948
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$257,567--$257,567
Other Salaries and Wages$246,120--$246,120
Interest$111,421--$111,421
Insurance$83,917--$83,917
Occupancy$62,466$9,630-$72,096
Fees for Services Management-$70,356-$70,356
Other Employee Benefits$47,140--$47,140
Office Expenses$16,935$16,936-$33,871
Fees for Services Accounting-$23,140-$23,140
Payroll Taxes$15,688--$15,688
Advertising-$10,770-$10,770
Other Expenses$10,400--$10,400
All Other Expenses$2,221--$2,221
Fees for Services Legal-$2,025-$2,025
Travel$996--$996
Total Functional Expenses$1,027,314$132,857$0$1,160,171

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,160,171
Total Expenses per Audited Statements$1,160,171
Total Expenses per Form 990$1,160,171
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$44,614
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
Vice President
Phone
5405631058
Signed
2023-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Abell
Formed
1982
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
6
Volunteers
9

Preparer

Firm
Brown Edwards & Company Llp
Address
3906 ELECTRIC ROAD, ROANOKE, VA 24018
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/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026180
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030733
IRS990/PrincipalOfficerNm0SHANNON ABELL
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/RelatedOrExemptFuncIncomeAmt0811775
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1462393
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt245970
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt310659
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0811775
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1462393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt245970
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt310659
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-902
IRS990/PYOtherExpensesAmt0840227
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01309489
IRS990/PYRevenuesLessExpensesAmt0187057
IRS990/PYSalariesCompEmpBnftPaidAmt0281303
IRS990/PYTotalExpensesAmt01121530
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01308587
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0167255
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01327426
IRS990/SavingsAndTempCashInvstGrp/BOYAmt045499
IRS990/SavingsAndTempCashInvstGrp/EOYAmt052263
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0857745
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0843670
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0848078
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0866261
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0862888
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04278642
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01138
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0923
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02107
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02597
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01184
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07949
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0462393
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0485117
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0432085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0392181
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0367902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02139678
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01138
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0923
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02107
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02597
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01184
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07949
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00120
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt010659
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt013702
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt018905
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt09432
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt07057
IRS990ScheduleA/OtherIncome509Grp/TotalAmt059755
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98960
IRS990ScheduleA/PublicSupportPY509Pct00.98990
IRS990ScheduleA/PublicSupportTotal509Amt06418320
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01320138
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01328787
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01280163
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01258442
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01230790
IRS990ScheduleA/Total509Grp/TotalAmt06418320
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01331935
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01343412
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01301175
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01270471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01239031
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06486024
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01458961
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04105342
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05564303
IRS990ScheduleD/EquipmentGrp/BookValueAmt0480336
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01278175
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01758511
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01160171
IRS990ScheduleD/LandGrp/BookValueAmt0194535
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0194535
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt051592
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1293533
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2829431
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt373
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt071389
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0219857
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0291246
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044614
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01327426
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02205221
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01174629
IRS990ScheduleD/TotalExpensesPerForm990Amt01160171
IRS990ScheduleD/TotalLiabilityAmt044614
IRS990ScheduleD/TotalRevenuePerForm990Amt01327426
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01327426
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01160171
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/TotalAssetsBOYAmt03590350
IRS990/TotalAssetsEOYAmt03509784
IRS990/TotalAssetsGrp/BOYAmt03590350
IRS990/TotalAssetsGrp/EOYAmt03509784
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0132857
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01027314
IRS990/TotalFunctionalExpensesGrp/TotalAmt01160171
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03898630
IRS990/TotalLiabilitiesEOYAmt03650809

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,509,784
Liabilities
$3,650,809
Net assets
-$141,025
Revenue
$1,327,426
Expenses
$1,160,171
Net income
$167,255
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
2022Detailed filing. Detailed filing data is available for this year.$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
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