Largo Landing Elderly Developments Inc
990 • Fiscal year 2012 • EIN 52-1264032
Scores are not available for this record yet.
Assets
Flat$5,372,752
Flat from 2012
Net Assets
Flat$788,164
Flat from 2012
Liabilities
Flat$4,584,588
Flat from 2012
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$1,644,172
Flat from 2012
Net Income
-
No earlier filing loaded for comparison.
- Filing Period
- Jul 1, 2011 to Jun 30, 2012
- Signed
- Jan 18, 2013
- Return Version
- 2011v1.2
- Gross Receipts
- $1,802,524
Mission
The organization provides affordable housing for the elderly ages 62 or older and to physically handicapped or disabled persons.
Filer
- EIN
- 52-1264032
Raw XML AppendixShowing 400 of 560 raw XML fields
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| IRS990/Description | 0 | THE CORPORATION OWNS AND OPERATES A 106 UNIT APARTMENT COMPLEX WHICH PROVIDES HOUSING FACILITIES FOR LOW-INCOME ELDERLY AND PHYSICALLY HANDICAPPED PERSONS. THE COMPLEX IS OPERATED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AND PARTICIPATES IN SECTION 8 HOUSING ASSISTANCE PAYMENT PROGRAM. THE HOUSING FACILITY IS REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. |
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| IRS990ScheduleD/ExpensesSubtotal | 0 | 1644172 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | VIRGINIA RENT ESCROW LAW REQUIRES THE PROJECT TO MAINTAIN A SEPERATE ACCOUNT FOR DEPOSITS PAID BY THE TENANTS, AND TO CREDIT DEPOSITS ANNUALLY WITH INTEREST AT 4% BELOW THE FEDERAL RESERVE BOARD DISCOUNT RATE AS OF JANUARY 1 OF EACH YEAR. THE AMOUNT OF $46,166 ON THE ACCOMPANYING BALANCE SHEET REPRESENTS FUNDS DEPOSITED IN A SAVINGS ACCOUNT WITH A BALANCE WHICH IS AT LEAST EQUAL TO TENANTS' SECURITY DEPOSITS. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 1 | THE ORGANIZATION HAS ADOPTED FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. BASED ON ITS EVALUATION, THE ORGANIZATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES HAVE BEEN RECORDED AS A RESULT OF TAX UNCERTAINTIES. THE TAX YEARS ENDED JUNE 30, 2009 THROUGH JUNE 30, 2012 REMAIN OPEN TO EXAMINATION BY TAX JURISDICTIONS TO WHICH THE ORGANIZATION IS SUBJECT. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 0 | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 0 | PART IV, LINE 2B: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 1 | PART X: |
| IRS990ScheduleD/IncludedOnFS | 0 | 1 |
| IRS990ScheduleD/Land/BookValue | 0 | 318000 |
| IRS990ScheduleD/Land/OtherCostOrOtherBasis | 0 | 318000 |
| IRS990ScheduleD/OtherAssets/BookValue | 0 | 46166 |
| IRS990ScheduleD/OtherAssets/BookValue | 1 | 113841 |
| IRS990ScheduleD/OtherAssets/BookValue | 2 | 421813 |
| IRS990ScheduleD/OtherAssets/BookValue | 3 | 86593 |
| IRS990ScheduleD/OtherAssets/BookValue | 4 | 2337 |
| IRS990ScheduleD/OtherAssets/Description | 0 | SECURITY DEPOSITS |
| IRS990ScheduleD/OtherAssets/Description | 1 | ESCROW DEPOSITS |
| IRS990ScheduleD/OtherAssets/Description | 2 | RESERVE FOR REPLACEMENTS |
| IRS990ScheduleD/OtherAssets/Description | 3 | RESIDUAL RECEIPTS RESERVE |
| IRS990ScheduleD/OtherAssets/Description | 4 | MISCELLANEOUS CURRENT ASSETS |
| IRS990ScheduleD/OtherLandBuildings/BookValue | 0 | 144972 |
| IRS990ScheduleD/OtherLandBuildings/Depreciation | 0 | 111374 |
| IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis | 0 | 256346 |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 0 |
| IRS990ScheduleD/RevenueNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 1802524 |
| IRS990ScheduleD/TotalBookValueOtherAssets | 0 | 670750 |
| IRS990ScheduleD/TotalExpenses | 0 | 1644172 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 1644172 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 4212217 |
| IRS990ScheduleD/TotalRevenue | 0 | 1802524 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 1802524 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 1644172 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 1802524 |
| IRS990ScheduleJ/AnyNonFixedPayments | 0 | 0 |
| IRS990ScheduleJ/CompBasedNetEarningsFilingOrg | 0 | 0 |
| IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrangement | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs | 0 | 81213 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs | 0 | 6164 |
| IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation | 0 | JAMES GARRET RECEIVED SEVERANCE PAY IN THE AMOUNT OF $49,848. |
| IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference | 0 | PART I, LINE 4A |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $5,372,752
- Liabilities
- $4,584,588
- Net assets
- $788,164
- Revenue
- -
- Expenses
- $1,644,172
- Net income
- -