Civic Intelligence

Advent Senior Housing Inc.

990 • Fiscal year 2020 • EIN 52-1351752

Oct 01, 2019 to Sep 30, 2020 • Filed on Apr 13, 2021

810 Light St No 202Baltimore, MD 21230

(410) 837-3433

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

3.16x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

8.46x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

16th percentile

-20%

Higher net margin than 16% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

19th percentile

-5.0%

Faster asset growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

-1.7%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$890,623

Down $46,924 (-5.0%) from 2019

Net Assets

Down

-$1,921,974

Down $67,303 (-3.6%) from 2019

Liabilities

Up

$2,812,597

Up $20,379 (+0.7%) from 2019

Revenue

Down

$332,561

Down $5,650 (-1.7%) from 2019

Expenses

Down

$399,864

Down $16,857 (-4.0%) from 2019

Net Income

Up

-$67,303

Up $11,207 (+14%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $1,284,006Liabilities 2011: $2,630,923Net Assets 2011: -$1,346,9172011Assets 2012: $1,263,995Liabilities 2012: $2,657,586Net Assets 2012: -$1,393,5912012Assets 2013: $1,246,405Liabilities 2013: $2,686,632Net Assets 2013: -$1,440,2272013Assets 2014: $1,226,392Liabilities 2014: $2,726,936Net Assets 2014: -$1,500,5442014Assets 2015: $1,165,781Liabilities 2015: $2,731,978Net Assets 2015: -$1,566,1972015Assets 2016: $1,114,138Liabilities 2016: $2,753,322Net Assets 2016: -$1,639,1842016Assets 2017: $1,059,549Liabilities 2017: $2,760,396Net Assets 2017: -$1,700,8472017Assets 2018: $1,004,495Liabilities 2018: $2,780,656Net Assets 2018: -$1,776,1612018Assets 2019: $937,547Liabilities 2019: $2,792,218Net Assets 2019: -$1,854,6712019Assets 2020: $890,623Liabilities 2020: $2,812,597Net Assets 2020: -$1,921,9742020Assets 2021: $835,815Liabilities 2021: $2,807,710Net Assets 2021: -$1,971,8952021Assets 2022: $800,908Liabilities 2022: $2,808,516Net Assets 2022: -$2,007,6082022Assets 2023: $763,197Liabilities 2023: $2,810,875Net Assets 2023: -$2,047,6782023Assets 2024: $743,194Liabilities 2024: $2,820,945Net Assets 2024: -$2,077,7512024

Highlighted filing

2020

Assets$890,623
Liabilities$2,812,597
Net Assets-$1,921,974

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $304,331Expenses 2011: $347,232Net Income 2011: -$42,9012011Revenue 2012: $305,184Expenses 2012: $351,858Net Income 2012: -$46,6742012Revenue 2013: $317,113Expenses 2013: $363,749Net Income 2013: -$46,6362013Revenue 2014: $310,423Expenses 2014: $370,740Net Income 2014: -$60,3172014Revenue 2015: $317,826Expenses 2015: $383,479Net Income 2015: -$65,6532015Revenue 2016: $323,899Expenses 2016: $396,886Net Income 2016: -$72,9872016Revenue 2017: $334,920Expenses 2017: $396,583Net Income 2017: -$61,6632017Revenue 2018: $336,296Expenses 2018: $411,610Net Income 2018: -$75,3142018Revenue 2019: $338,211Expenses 2019: $416,721Net Income 2019: -$78,5102019Revenue 2020: $332,561Expenses 2020: $399,864Net Income 2020: -$67,3032020Revenue 2021: $348,264Expenses 2021: $398,185Net Income 2021: -$49,9212021Revenue 2022: $352,602Expenses 2022: $388,315Net Income 2022: -$35,7132022Revenue 2023: $360,281Expenses 2023: $400,351Net Income 2023: -$40,0702023Revenue 2024: $378,691Expenses 2024: $408,764Net Income 2024: -$30,0732024

Highlighted filing

2020

Revenue$332,561
Expenses$399,864
Net Income-$67,303
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Apr 13, 2021
Return Version
2019v5.2
Gross Receipts
$332,561
Mission and Program Overview

Mission

To provide housing facilities for the low-income elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$735,469$686,527▼ $48,942
Prepaid Expenses and Deferred Charges$15,033$18,102▲ $3,069
Accounts Receivable$17,974$15,853▼ $2,121
Savings and Temporary Cash Investments$12,944$5,186▼ $7,758
Total Assets$937,547$890,623▼ $46,924
Other Assets Total$156,127$164,955▲ $8,828
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,755,359$2,765,542▲ $10,183
Accounts Payable and Accrued Expenses$16,999$38,786▲ $21,787
Other Liabilities$19,686$0▼ $19,686
Escrow Account Liability-$8,248-
Deferred Revenue$174$21▼ $153
Total Liabilities$2,792,218$2,812,597▲ $20,379
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,854,671$-1,921,974▼ $67,303
Total Net Assets Fund Balance$-1,854,671$-1,921,974▼ $67,303
Total Liabilities and Net Assets / Fund Balance$937,547$890,623▼ $46,924

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$604,121$1,411,612$2,015,733
Equipment$46,782$100,386$147,168
Other Land Buildings$15,999$73,743$89,742
Land$19,625-$19,625
Other Assets Org$9,701--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin EckerPresident
Mike WilliamsPartial Year Vice President
Francesca MinaleDirector
James BattsDirector
Jeff Van OstenDirector
Mary FlemingDirector
Alexandra CarpenterPartial Year Director
Bonnie Fleming CruzPartial Year Director
J HyphPartial Year Director
Linda LongPartial Year Director
Paul BragawPartial Year Director
Thomas SmootPartial Year Director
Donna CattertonPartial Year Secretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$272,011
Program Service Revenue
$60,511
Investment Income
$39
Other Revenue
$0
Change in Net Assets
$-67,303

Audited Revenue Reconciliation

Revenue per Audited Statements
$332,561
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$332,561
Total Revenue per Form 990
$332,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$322,676
Salaries, Compensation, and Employee Benefits$77,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$194,914--$194,914
Depreciation Depletion$70,506--$70,506
Other Salaries and Wages$46,022$21,300-$67,322
Fees for Services Management-$20,585-$20,585
Fees for Services Accounting-$20,350-$20,350
Office Expenses$2,388$13,087-$15,475
Other Employee Benefits$4,242$1,964-$6,206
Payroll Taxes$2,502$1,158-$3,660
Fees for Services Legal-$550-$550
Other Expenses$274$22-$22
Total Functional Expenses$320,848$79,016$0$399,864

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$399,864
Total Expenses per Audited Statements$399,864
Total Expenses per Form 990$399,864
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
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

Housing & health services, inc. Management agent contract - hud form 9839b

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by the sch group, reviewed and approved by housing and health services before it is passed on to an officer of the board for their signature.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy was developed in 2018. The conflict of interest policy was presented to the board for their approval. Once approved, each board member signed a statement saying they understand and do not have any conflicts of interest. The board is reminded annually of the policy and any new board members are asked to sign the form.

Form 990, Part VI, Section C, Line 19

The documents are held onsite and are available to the public if requested.

Filing and Contact Details

Filer

Filer Name
Advent Senior Housing Inc
EIN
52-1351752
Phone
4108373433
Address
810 LIGHT ST NO 202, BALTIMORE, MD 21230

Signing Officer

Name
Kevin Ecker
Title
President/director
Phone
4108373433
Signed
2021-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Ecker
Formed
1984
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
13

Preparer

Firm
Sc&h Group Inc
Address
910 RIDGEBROOK ROAD, SPARKS, MD 21152
Preparer
Travis Daniel
Phone
4104031500
Supplemental Narrative

Additional Explanations

FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE:

Utilities $ 18,471 interest 95,431 insurance 16,853 tenant contractors 14,997 miscellaneous operating & maintenance 14,088 real estate taxes 35,074 ___________ total occupancy expense $ 194,914

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Form 990, Part XII, Line 3B

Housing and health services works very closely with the sch group to supply the data and backup needed to complete the audit. The completed audit is presented to the board of directors for their comments and ultimately their approval of the audit. Once the audit is approved, housing and health services with the help of the sch group submit the audit to hud. Hud usually has a question or two after their review with the answers supplied by housing and health services.

Financial Statement Notes

PART IV, LINE 2B:

The amount of $8,248 as of september 30, 2020 on the accompanying statement of financial position, represents funds deposited in a savings account with a balance which is at least equal to the tenants' security deposits. Maryland rent escrow law requires the corporation to maintain a separate account for deposits paid by the tenants, and to credit the deposits annually with interest at 1.5% or the 1-year us treasury yield curve rate a year, at six-month intervals. Tenant security deposits are held in a federally insured bank.

PART X, LINE 2:

The corporation is exempt from income taxes under section 501(c)(3) of the internal revenue code, except for unrelated business income as defined in the code. The corporation did not have any unrelated business income during the years ended september 30, 2020 and 2019. Accordingly, no provision for income taxes has been included in the accompanying financial statements.

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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1921974
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0194914
IRS990/OccupancyGrp/TotalAmt0194914
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013087
IRS990/OfficeExpensesGrp/ProgramServicesAmt02388
IRS990/OfficeExpensesGrp/TotalAmt015475
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0156127
IRS990/OtherAssetsTotalGrp/EOYAmt0164955
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01964
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04242
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06206
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS FINANCIAL
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS ADMIN EXP
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022
IRS990/OtherExpensesGrp/ProgramServicesAmt0274
IRS990/OtherExpensesGrp/TotalAmt0274
IRS990/OtherExpensesGrp/TotalAmt122
IRS990/OtherLiabilitiesGrp/BOYAmt019686
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021300
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt046022
IRS990/OtherSalariesAndWagesGrp/TotalAmt067322
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01158
IRS990/PayrollTaxesGrp/ProgramServicesAmt02502
IRS990/PayrollTaxesGrp/TotalAmt03660
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015033
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018102
IRS990/PrincipalOfficerNm0KEVIN ECKER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTALS
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY & VENDING
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt059009
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2502
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt059009
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2502
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0280239
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt094
IRS990/PYOtherExpensesAmt0341303
IRS990/PYOtherRevenueAmt01617
IRS990/PYProgramServiceRevenueAmt056261
IRS990/PYRevenuesLessExpensesAmt0-78510
IRS990/PYSalariesCompEmpBnftPaidAmt075418
IRS990/PYTotalExpensesAmt0416721
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0338211
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-67303
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt060511
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012944
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0272011
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0280239
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0281364
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0277243
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0271473
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01382330
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt094
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0104
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt053
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt052
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0342
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0283215
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99980
IRS990ScheduleA/PublicSupportPY170Pct00.99320
IRS990ScheduleA/PublicSupportTotal170Amt01382330
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0272011
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0280239
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0281364
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0277243
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0271473
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01382330
IRS990ScheduleA/TotalSupportAmt01382672
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0604121
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01411612
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02015733
IRS990ScheduleD/EquipmentGrp/BookValueAmt046782
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0100386
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0147168
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0399864
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt019625
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt019625
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0136139
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110867
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt28248
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt39701
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015999
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt073743
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt089742
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0332561
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE AMOUNT OF $8,248 AS OF SEPTEMBER 30, 2020 ON THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION, REPRESENTS FUNDS DEPOSITED IN A SAVINGS ACCOUNT WITH A BALANCE WHICH IS AT LEAST EQUAL TO THE TENANTS' SECURITY DEPOSITS. MARYLAND RENT ESCROW LAW REQUIRES THE CORPORATION TO MAINTAIN A SEPARATE ACCOUNT FOR DEPOSITS PAID BY THE TENANTS, AND TO CREDIT THE DEPOSITS ANNUALLY WITH INTEREST AT 1.5% OR THE 1-YEAR US TREASURY YIELD CURVE RATE A YEAR, AT SIX-MONTH INTERVALS. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR UNRELATED BUSINESS INCOME AS DEFINED IN THE CODE. THE CORPORATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME DURING THE YEARS ENDED SEPTEMBER 30, 2020 AND 2019. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0686527
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0164955
IRS990ScheduleD/TotalExpensesPerForm990Amt0399864
IRS990ScheduleD/TotalRevenuePerForm990Amt0332561
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0332561
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0399864
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOUSING & HEALTH SERVICES, INC. MANAGEMENT AGENT CONTRACT - HUD FORM 9839B
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE SCH GROUP, REVIEWED AND APPROVED BY HOUSING AND HEALTH SERVICES BEFORE IT IS PASSED ON TO AN OFFICER OF THE BOARD FOR THEIR SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY WAS DEVELOPED IN 2018. THE CONFLICT OF INTEREST POLICY WAS PRESENTED TO THE BOARD FOR THEIR APPROVAL. ONCE APPROVED, EACH BOARD MEMBER SIGNED A STATEMENT SAYING THEY UNDERSTAND AND DO NOT HAVE ANY CONFLICTS OF INTEREST. THE BOARD IS REMINDED ANNUALLY OF THE POLICY AND ANY NEW BOARD MEMBERS ARE ASKED TO SIGN THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE HELD ONSITE AND ARE AVAILABLE TO THE PUBLIC IF REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UTILITIES $ 18,471 INTEREST 95,431 INSURANCE 16,853 TENANT CONTRACTORS 14,997 MISCELLANEOUS OPERATING & MAINTENANCE 14,088 REAL ESTATE TAXES 35,074 ___________ TOTAL OCCUPANCY EXPENSE $ 194,914
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6HOUSING AND HEALTH SERVICES WORKS VERY CLOSELY WITH THE SCH GROUP TO SUPPLY THE DATA AND BACKUP NEEDED TO COMPLETE THE AUDIT. THE COMPLETED AUDIT IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR COMMENTS AND ULTIMATELY THEIR APPROVAL OF THE AUDIT. ONCE THE AUDIT IS APPROVED, HOUSING AND HEALTH SERVICES WITH THE HELP OF THE SCH GROUP SUBMIT THE AUDIT TO HUD. HUD USUALLY HAS A QUESTION OR TWO AFTER THEIR REVIEW WITH THE ANSWERS SUPPLIED BY HOUSING AND HEALTH SERVICES.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 3B
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0937547
IRS990/TotalAssetsEOYAmt0890623
IRS990/TotalAssetsGrp/BOYAmt0937547
IRS990/TotalAssetsGrp/EOYAmt0890623
IRS990/TotalCompGreaterThan150KInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.74$2.82$2.08$0.38$0.41$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.76$2.81$2.05$0.36$0.40$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.80$2.81$2.01$0.35$0.39$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$2.81$1.97$0.35$0.40$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.89$2.81$1.92$0.33$0.40$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.94$2.79$1.85$0.34$0.42$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.00$2.78$1.78$0.34$0.41$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.06$2.76$1.70$0.33$0.40$0.06
2016Summary only. Only limited summary data is available for this year.$1.11$2.75$1.64$0.32$0.40$0.07
2015Summary only. Only limited summary data is available for this year.$1.17$2.73$1.57$0.32$0.38$0.07
2014Summary only. Only limited summary data is available for this year.$1.23$2.73$1.50$0.31$0.37$0.06
2013Summary only. Only limited summary data is available for this year.$1.25$2.69$1.44$0.32$0.36$0.05
2012Summary only. Only limited summary data is available for this year.$1.26$2.66$1.39$0.31$0.35$0.05
2011Summary only. Only limited summary data is available for this year.$1.28$2.63$1.35$0.30$0.35$0.04