Civic Intelligence

Potomac River Homes Inc.

990 • Fiscal year 2014 • EIN 52-1910115

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 18, 2014

Organization ProfileN/A
PO Box 373421705

(301) 662-0099

Siviq Scores

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

Liabilities / Assets

96th percentile

1.34x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

98th percentile

15.05x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

9th percentile

-31%

Higher net margin than 9% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

63rd percentile

$85,413

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 64.1% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

28th percentile

-2.9%

Faster asset growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$1,493,273

Down $45,105 (-2.9%) from 2013

Net Assets

Down

-$511,907

Down $41,858 (-8.9%) from 2013

Liabilities

Down

$2,005,180

Down $3,247 (-0.2%) from 2013

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin9th percentile

Revenue

$133,248

No earlier filing loaded for comparison.

Expenses

Up

$175,106

Up $204 (+0.1%) from 2013

Net Income

-$41,858

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $1,621,651Liabilities 2011: $2,005,199Net Assets 2011: -$383,5482011Assets 2012: $1,594,133Liabilities 2012: $2,023,323Net Assets 2012: -$429,1902012Assets 2013: $1,538,378Liabilities 2013: $2,008,427Net Assets 2013: -$470,0492013Assets 2014: $1,493,273Liabilities 2014: $2,005,180Net Assets 2014: -$511,9072014Assets 2015: $1,445,404Liabilities 2015: $2,007,960Net Assets 2015: -$562,5562015Assets 2016: $1,400,476Liabilities 2016: $2,016,121Net Assets 2016: -$615,6452016Assets 2017: $1,353,078Liabilities 2017: $2,017,106Net Assets 2017: -$664,0282017Assets 2018: $1,298,098Liabilities 2018: $2,018,906Net Assets 2018: -$720,8082018Assets 2019: $1,256,847Liabilities 2019: $2,033,579Net Assets 2019: -$776,7322019Assets 2020: $1,181,724Liabilities 2020: $2,023,164Net Assets 2020: -$841,4402020Assets 2021: $1,131,612Liabilities 2021: $2,028,038Net Assets 2021: -$896,4262021Assets 2022: $1,066,847Liabilities 2022: $2,054,573Net Assets 2022: -$987,7262022Assets 2023: $1,019,107Liabilities 2023: $2,099,245Net Assets 2023: -$1,080,1382023Assets 2024: $968,152Liabilities 2024: $2,125,368Net Assets 2024: -$1,157,2162024

Highlighted filing

2014

Assets$1,493,273
Liabilities$2,005,180
Net Assets-$511,907
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100KExpenses 2011: $179,3572011Expenses 2012: $177,8702012Expenses 2013: $174,9022013Revenue 2014: $133,248Expenses 2014: $175,106Net Income 2014: -$41,8582014Revenue 2015: $131,877Expenses 2015: $182,526Net Income 2015: -$50,6492015Revenue 2016: $131,494Expenses 2016: $184,583Net Income 2016: -$53,0892016Revenue 2017: $138,430Expenses 2017: $186,813Net Income 2017: -$48,3832017Revenue 2018: $138,765Expenses 2018: $195,545Net Income 2018: -$56,7802018Revenue 2019: $139,948Expenses 2019: $195,872Net Income 2019: -$55,9242019Revenue 2020: $142,361Expenses 2020: $207,069Net Income 2020: -$64,7082020Revenue 2021: $148,339Expenses 2021: $203,325Net Income 2021: -$54,9862021Revenue 2022: $135,952Expenses 2022: $227,252Net Income 2022: -$91,3002022Revenue 2023: $126,731Expenses 2023: $219,143Net Income 2023: -$92,4122023Revenue 2024: $138,108Expenses 2024: $215,186Net Income 2024: -$77,0782024

Highlighted filing

2014

Revenue$133,248
Expenses$175,106
Net Income-$41,858
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 18, 2014
Return Version
2013v3.0
Gross Receipts
$133,248
Mission and Program Overview

Mission

To provide affordable housing to the chronically mentally disabled under section 811 of the national affordable housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,426,191$1,376,173▼ $50,018
Intangible Assets$10,209$9,798▼ $411
Cash and Non-Interest-Bearing Accounts$3,846$1,070▼ $2,776
Accounts Receivable$303$728▲ $425
Total Assets$1,538,378$1,493,273▼ $45,105
Other Assets Total$97,829$105,504▲ $7,675
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,998,300$1,998,300→ $0
Accounts Payable and Accrued Expenses$7,394$4,018▼ $3,376
Escrow Account Liability$2,733$2,862▲ $129
Total Liabilities$2,008,427$2,005,180▼ $3,247
Net Assets / Fund Balance
Unrestricted Net Assets$-470,049$-511,907▼ $41,858
Total Net Assets Fund Balance$-470,049$-511,907▼ $41,858
Total Liabilities and Net Assets / Fund Balance$1,538,378$1,493,273▼ $45,105

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,159,172$844,362$2,003,534
Land$217,000-$217,000
Equipment$1$9,779$9,780
Other Land Buildings$0$1,621$1,621
Other Assets Org$105,504--
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleOtherTotal
Frederic HinzeDirector$85,413$85,413
Lindsay FordSecretary/treasurer$62,196$62,196

Board Members and Trustees

NameTitle
Diane Mckay-lebherzPresident
Douglas GreenleeVice President
Andrew WoolardDirector
Bethamy BeamDirector
JAMES O'CONORDirector
James MaherDirector
Richard SeidelDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$133,203
Investment Income
$45
Other Revenue
$0
Change in Net Assets
$-41,858

Audited Revenue Reconciliation

Revenue per Audited Statements
$133,248
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$133,248
Total Revenue per Form 990
$133,248
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,243
Salaries, Compensation, and Employee Benefits$10,863
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$60,438--$60,438
Fees for Services Management-$15,420-$15,420
Other Salaries and Wages$10,863--$10,863
Fees for Services Accounting$890$5,097-$5,987
Insurance$4,719--$4,719
Other Expenses$411--$411
Office Expenses-$92-$92
Conferences and Meetings$67--$67
Total Functional Expenses$154,497$20,609$0$175,106

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$175,106
Total Expenses per Audited Statements$175,106
Total Expenses per Form 990$175,106
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
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

“Pursuant to a management contract approved by hud, the board has delegated responsibility for the day-to-day management to the sponsoring organization.”

Form 990, Part VI, Section A, Line 8B

“The board acted as a whole on all matters and no committee was appointed during the fiscal year.”

Form 990, Part VI, Section B, Line 11

“The board is provided a copy of the return prior to filing. No other review by the board is contemplated.”

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

“The organization employs the policies of its affiliated management agent, way station inc.”

Form 990, Part VI, Section C, Line 18

“The corporation makes public inspection available upon request. Additionally the financial statements are available through the omb website.”

Form 990, Part VI, Section C, Line 19

“The corporation follows the policy of way station inc its affiliated managing agent.”

Filing and Contact Details

Filer

EIN
52-1910115
Phone
3016620099

Signing Officer

Name
Douglas Greenlee
Title
Vice President
Phone
3016620099
Signed
2014-10-18

Organization Details

Principal Officer
Douglas Greenlee
Formed
1994
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Preparer
Stewart a Grubman
Phone
3016523464
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Section XII

“The board meets as a whole and decides all audit related issues. There has been no change from the previous year.”

Financial Statement Notes

PART IV, LINE 2B:

“Resident security deposits held in accordance with regulations.”

PART X, LINE 2:

“The corporation is a tax exempt organization under section 501(c)(3) of the internal revenue code (code) and is not subject to income taxes on related income pursuant to section 501(a) of the code. The corporation accounts for tax provisions in accordance with financial accounting standards board (fasb) accounting standards concept (asc) topic 740-10, accounting for uncertainty in income taxes, which creates a single model to address uncertainty in tax positions and clarifies the accounting for income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Under the requirements of asc topic 740-10, tax exempt organizations could be required to record an obligation as the result of a tax position they have historically taken on various tax exposure items. Prior to this concept, the determination of when to record a liability for tax exposure was based on whether a liability was considered probable and reasonably estimable. The corporation has determined that it does not have any uncertain tax positions through june 30, 2014.”

Raw XML AppendixShowing 400 of 681 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt07394
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04018
IRS990/AccountsReceivableGrp/BOYAmt0303
IRS990/AccountsReceivableGrp/EOYAmt0728
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10WAY STATION INC
IRS990/BooksInCareOfDetail/PhoneNum03016620099
IRS990/BooksInCareOfDetail/USAddress/AddressLine10210 ABRECHT PLANCE
IRS990/BooksInCareOfDetail/USAddress/City0FREDERICK
IRS990/BooksInCareOfDetail/USAddress/State0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCode021705
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt03846
IRS990/CashNonInterestBearingGrp/EOYAmt01070
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt067
IRS990/ConferencesMeetingsGrp/TotalAmt067
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt045
IRS990/CYOtherExpensesAmt0164243
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0133203
IRS990/CYRevenuesLessExpensesAmt0-41858
IRS990/CYSalariesCompEmpBnftPaidAmt010863
IRS990/CYTotalExpensesAmt0175106
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0133248
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt060438
IRS990/DepreciationDepletionGrp/TotalAmt060438
IRS990/Desc0PROVIDING AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED IN ACCORDANCE WITH EXEMPT STATUS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt02733
IRS990/EscrowAccountLiabilityGrp/EOYAmt02862
IRS990/ExpenseAmt0154497
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05097
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0890
IRS990/FeesForServicesAccountingGrp/TotalAmt05987
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt015420
IRS990/FeesForServicesManagementGrp/TotalAmt015420
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.30
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt17027
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt412641
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0DIANE MCKAY-LEBHERZ
IRS990/Form990PartVIISectionAGrp/PersonNm1LINDSAY FORD
IRS990/Form990PartVIISectionAGrp/PersonNm2RICHARD SEIDEL
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES O'CONOR
IRS990/Form990PartVIISectionAGrp/PersonNm4FREDERIC HINZE
IRS990/Form990PartVIISectionAGrp/PersonNm5BETHAMY BEAM
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES MAHER
IRS990/Form990PartVIISectionAGrp/PersonNm7ANDREW WOOLARD
IRS990/Form990PartVIISectionAGrp/PersonNm8DOUGLAS GREENLEE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt155169
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt472772
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0133248
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt04719
IRS990/InsuranceGrp/TotalAmt04719
IRS990/IntangibleAssetsGrp/BOYAmt010209
IRS990/IntangibleAssetsGrp/EOYAmt09798
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt045
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt045
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0855762
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01426191
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01376173
IRS990/LandBldgEquipCostOrOtherBssAmt02231935
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01998300
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01998300
IRS990/NetAssetsOrFundBalancesBOYAmt0-470049
IRS990/NetAssetsOrFundBalancesEOYAmt0-511907
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt092
IRS990/OfficeExpensesGrp/TotalAmt092
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt097829
IRS990/OtherAssetsTotalGrp/EOYAmt0105504
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS
IRS990/OtherExpensesGrp/Desc2AMORTIZATION
IRS990/OtherExpensesGrp/ProgramServicesAmt039120
IRS990/OtherExpensesGrp/ProgramServicesAmt137989
IRS990/OtherExpensesGrp/ProgramServicesAmt2411
IRS990/OtherExpensesGrp/TotalAmt039120
IRS990/OtherExpensesGrp/TotalAmt137989
IRS990/OtherExpensesGrp/TotalAmt2411
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010863
IRS990/OtherSalariesAndWagesGrp/TotalAmt010863
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DOUGLAS GREENLEE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt091182
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt142021
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt091182
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142021
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt082
IRS990/PYOtherExpensesAmt0164215
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0133961
IRS990/PYRevenuesLessExpensesAmt0-40859
IRS990/PYSalariesCompEmpBnftPaidAmt010687
IRS990/PYTotalExpensesAmt0174902
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0134043
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-41858
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0133248
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt082
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0193
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0210
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0171
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0701
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0133203
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0133961
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0132528
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0129479
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0109666
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0638837
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt082
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0193
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0210
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0171
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0701
IRS990ScheduleA/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/InvestmentIncomePYPct00.00170
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99890
IRS990ScheduleA/PublicSupportPY509Pct00.99830
IRS990ScheduleA/PublicSupportTotal509Amt0638837
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0133203
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0133961
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0132528
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0129479
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0109666
IRS990ScheduleA/Total509Grp/TotalAmt0638837
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0133248
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0134043
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0132721
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0129689
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0109837
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0639538
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01159172
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0844362
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02003534
IRS990ScheduleD/EquipmentGrp/BookValueAmt01
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09779
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09780
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0175106
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0217000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0217000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0105504
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS AND FUNDED RESERVES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01621
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01621
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0133248
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RESIDENT SECURITY DEPOSITS HELD IN ACCORDANCE WITH REGULATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (CODE) AND IS NOT SUBJECT TO INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE CORPORATION ACCOUNTS FOR TAX PROVISIONS IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CONCEPT (ASC) TOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CREATES A SINGLE MODEL TO ADDRESS UNCERTAINTY IN TAX POSITIONS AND CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. UNDER THE REQUIREMENTS OF ASC TOPIC 740-10, TAX EXEMPT ORGANIZATIONS COULD BE REQUIRED TO RECORD AN OBLIGATION AS THE RESULT OF A TAX POSITION THEY HAVE HISTORICALLY TAKEN ON VARIOUS TAX EXPOSURE ITEMS. PRIOR TO THIS CONCEPT, THE DETERMINATION OF WHEN TO RECORD A LIABILITY FOR TAX EXPOSURE WAS BASED ON WHETHER A LIABILITY WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. THE CORPORATION HAS DETERMINED THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THROUGH JUNE 30, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01376173
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0105504
IRS990ScheduleD/TotalExpensesPerForm990Amt0175106
IRS990ScheduleD/TotalRevenuePerForm990Amt0133248
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0133248
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0175106
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PURSUANT TO A MANAGEMENT CONTRACT APPROVED BY HUD, THE BOARD HAS DELEGATED RESPONSIBILITY FOR THE DAY-TO-DAY MANAGEMENT TO THE SPONSORING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD ACTED AS A WHOLE ON ALL MATTERS AND NO COMMITTEE WAS APPOINTED DURING THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD IS PROVIDED A COPY OF THE RETURN PRIOR TO FILING. NO OTHER REVIEW BY THE BOARD IS CONTEMPLATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION EMPLOYS THE POLICIES OF ITS AFFILIATED MANAGEMENT AGENT, WAY STATION INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CORPORATION MAKES PUBLIC INSPECTION AVAILABLE UPON REQUEST. ADDITIONALLY THE FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE OMB WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CORPORATION FOLLOWS THE POLICY OF WAY STATION INC ITS AFFILIATED MANAGING AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD MEETS AS A WHOLE AND DECIDES ALL AUDIT RELATED ISSUES. THERE HAS BEEN NO CHANGE FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 12, SECTION XII
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd180
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd8N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd9N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd10N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd11N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd12N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd13N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd14N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd15N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd16N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd17N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd18N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd19N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10WAY STATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11WINTER PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine12AUTUMN PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine13SPRING PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine14WALDEN PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine15GEORGETOWN APTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine16IRISH MEADOWS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine17OLDETOWNE HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine18WOOLARD HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine19FLOYD KRESS HOMES INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,493,273
Liabilities
$2,005,180
Net assets
-$511,907
Revenue
$133,248
Expenses
$175,106
Net income
-$41,858
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.97$2.13$1.16$0.14$0.22$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.02$2.10$1.08$0.13$0.22$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.07$2.05$0.99$0.14$0.23$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.13$2.03$0.90$0.15$0.20$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.18$2.02$0.84$0.14$0.21$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.26$2.03$0.78$0.14$0.20$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.30$2.02$0.72$0.14$0.20$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.35$2.02$0.66$0.14$0.19$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.40$2.02$0.62$0.13$0.18$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.45$2.01$0.56$0.13$0.18$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.49$2.01$0.51$0.13$0.18$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$2.01$0.47$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$2.02$0.43$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$2.01$0.38$0.18