Civic Intelligence

Edinburgh Square Foundation

990 • Fiscal year 2023 • EIN 52-1260323

Oct 01, 2022 to Sep 30, 2023 • Filed on Apr 23, 2024

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

1.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

2.52x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

62nd percentile

10%

Higher net margin than 62% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

30th percentile

-1.9%

Faster asset growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

2.9%

Faster revenue growth than 43% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$3,442,662

Down $67,122 (-1.9%) from 2022

Net Assets

Up

$1,321

Up $142,346 (+101%) from 2022

Liabilities

Down

$3,441,341

Down $209,468 (-5.7%) from 2022

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin62nd percentile

Revenue

Up

$1,366,129

Up $38,703 (+2.9%) from 2022

Expenses

Up

$1,223,783

Up $63,612 (+5.5%) from 2022

Net Income

Down

$142,346

Down $24,909 (-15%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth30th 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

2023

Assets$3,442,662
Liabilities$3,441,341
Net Assets$1,321
Open 2023 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

2023

Revenue$1,366,129
Expenses$1,223,783
Net Income$142,346
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Apr 23, 2024
Return Version
2022v5.0
Gross Receipts
$1,369,600
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$2,205,221$2,157,185▼ $48,036
Accounts Receivable$46,788$43,543▼ $3,245
Prepaid Expenses and Deferred Charges$30,733$29,853▼ $880
Savings and Temporary Cash Investments$52,263$22,557▼ $29,706
Cash and Non-Interest-Bearing Accounts$150$150→ $0
Total Assets$3,509,784$3,442,662▼ $67,122
Other Assets Total$1,174,629$1,189,374▲ $14,745
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,520,922$3,308,892▼ $212,030
Accounts Payable and Accrued Expenses$79,069$80,938▲ $1,869
Other Liabilities$44,614$46,735▲ $2,121
Deferred Revenue$6,204$4,776▼ $1,428
Total Liabilities$3,650,809$3,441,341▼ $209,468
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-141,025$1,321▲ $142,346
Total Net Assets Fund Balance$-141,025$1,321▲ $142,346
Total Liabilities and Net Assets / Fund Balance$3,509,784$3,442,662▼ $67,122

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,365,561$4,115,047$5,480,608
Equipment$481,786$491,717$973,503
Other Land Buildings$115,303$136,786$252,089
Land$194,535-$194,535
Other Assets Org$74--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Shannon G AbellPresident
Alex AdkinsVice President
Judy StokesMember
Mark BashamMember
Paul ParadzinskiMember
Richard HuddlestonMember
Steven MusselwhiteMember
William WashMember
Raymond G CobbSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,362,365
Investment Income
$3,764
Other Revenue
$0
Change in Net Assets
$142,346

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,366,129
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,366,129
Total Revenue per Form 990
$1,366,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$904,774
Salaries, Compensation, and Employee Benefits$319,009
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$259,452--$259,452
Depreciation Depletion$259,436--$259,436
Insurance$112,353--$112,353
Interest$104,977--$104,977
Occupancy$74,546$9,850-$84,396
Fees for Services Management-$70,356-$70,356
Other Employee Benefits$43,954--$43,954
Office Expenses$19,659$19,662-$39,321
Fees for Services Accounting-$24,240-$24,240
Payroll Taxes$15,603--$15,603
Other Expenses$10,676--$10,676
Advertising-$4,277-$4,277
All Other Expenses$3,768--$3,768
Travel$2,655--$2,655
Fees for Services Legal-$816-$816
Total Functional Expenses$1,094,582$129,201$0$1,223,783

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,223,783
Total Expenses per Audited Statements$1,223,783
Total Expenses per Form 990$1,223,783
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$46,735
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 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
Shannon G Abell
Title
President
Phone
5405631058
Signed
2024-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Abell
Formed
1982
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
3906 ELECTRIC ROAD, ROANOKE, VA 24018
Preparer
Evan Ross
Phone
5403450936
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherLiabilitiesGrp/EOYAmt046735
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0259452
IRS990/OtherSalariesAndWagesGrp/TotalAmt0259452
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt015603
IRS990/PayrollTaxesGrp/TotalAmt015603
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030733
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029853
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/RelatedOrExemptFuncIncomeAmt0795581
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1509060
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt248561
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt39163
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0795581
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1509060
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt248561
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt39163
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-3371
IRS990/PYOtherExpensesAmt0851223
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01330797
IRS990/PYRevenuesLessExpensesAmt0167255
IRS990/PYSalariesCompEmpBnftPaidAmt0308948
IRS990/PYTotalExpensesAmt01160171
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01327426
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0142346
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01358894
IRS990/SavingsAndTempCashInvstGrp/BOYAmt052263
IRS990/SavingsAndTempCashInvstGrp/EOYAmt022557
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0844142
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0857745
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0843670
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0848078
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0866261
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04259896
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07235
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01138
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0923
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02107
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02597
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt014000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0509060
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0462393
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0485117
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0432085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0392181
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02280836
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01138
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0923
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02107
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02597
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt014000
IRS990ScheduleA/InvestmentIncomeCYPct00.00210
IRS990ScheduleA/InvestmentIncomePYPct00.00120
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt09163
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt010659
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt013702
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt018905
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt09432
IRS990ScheduleA/OtherIncome509Grp/TotalAmt061861
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98850
IRS990ScheduleA/PublicSupportPY509Pct00.98960
IRS990ScheduleA/PublicSupportTotal509Amt06540732
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01353202
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01320138
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01328787
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01280163
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01258442
IRS990ScheduleA/Total509Grp/TotalAmt06540732
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01369600
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01331935
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01343412
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01301175
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01270471
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06616593
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01365561
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04115047
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05480608
IRS990ScheduleD/EquipmentGrp/BookValueAmt0481786
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0491717
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0973503
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01223783
IRS990ScheduleD/LandGrp/BookValueAmt0194535
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0194535
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt054270
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1328267
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2806763
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt374
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0115303
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0136786
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0252089
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt046735
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01366129
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02157185
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01189374
IRS990ScheduleD/TotalExpensesPerForm990Amt01223783
IRS990ScheduleD/TotalLiabilityAmt046735
IRS990ScheduleD/TotalRevenuePerForm990Amt01366129
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01366129
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01223783
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1IT 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/ExplanationTxt2THE 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/ExplanationTxt3THE 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 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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/TotalAssetsBOYAmt03509784
IRS990/TotalAssetsEOYAmt03442662
IRS990/TotalAssetsGrp/BOYAmt03509784
IRS990/TotalAssetsGrp/EOYAmt03442662
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,442,662
Liabilities
$3,441,341
Net assets
$1,321
Revenue
$1,366,129
Expenses
$1,223,783
Net income
$142,346
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
2023Detailed filing. Detailed filing data is available for this year.$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