Civic Intelligence

Homes for Laurel Inc C/O Homes for America Inc

990 • Fiscal year 2017 • EIN 52-2258799

Apr 01, 2016 to Mar 31, 2017 • Filed on Feb 15, 2018

Organization Profilewww.homesforamerica.org
318 SIXTH ST No STE 2Annapolis, MD 21403-2566

(410) 269-1222

Siviq Scores

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

Liabilities / Assets

95th percentile

1.34x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

13.25x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

10th percentile

-30%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

85th percentile

$158,841

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 104.2% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

17th percentile

-5.8%

Faster asset growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

36th percentile

-0.4%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$1,508,685

Down $93,043 (-5.8%) from 2016

Net Assets

Down

-$511,829

Down $45,626 (-9.8%) from 2016

Liabilities

Down

$2,020,514

Down $47,417 (-2.3%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin10th percentile

Revenue

Down

$152,490

Down $629 (-0.4%) from 2016

Expenses

Down

$198,116

Down $48,702 (-20%) from 2016

Net Income

Up

-$45,626

Up $48,073 (+51%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $1,749,877Liabilities 2012: $2,013,323Net Assets 2012: -$263,4462012Assets 2013: $1,716,827Liabilities 2013: $2,014,722Net Assets 2013: -$297,8952013Assets 2014: $1,689,546Liabilities 2014: $2,015,414Net Assets 2014: -$325,8682014Assets 2015: $1,641,316Liabilities 2015: $2,013,820Net Assets 2015: -$372,5042015Assets 2016: $1,601,728Liabilities 2016: $2,067,931Net Assets 2016: -$466,2032016Assets 2017: $1,508,685Liabilities 2017: $2,020,514Net Assets 2017: -$511,8292017Assets 2018: $1,457,256Liabilities 2018: $2,018,553Net Assets 2018: -$561,2972018Assets 2019: $1,419,582Liabilities 2019: $2,015,134Net Assets 2019: -$595,5522019Assets 2020: $1,389,875Liabilities 2020: $2,029,397Net Assets 2020: -$639,5222020Assets 2021: $1,352,909Liabilities 2021: $2,021,303Net Assets 2021: -$668,3942021Assets 2022: $1,309,387Liabilities 2022: $2,032,052Net Assets 2022: -$722,6652022Assets 2023: $1,248,093Liabilities 2023: $2,039,023Net Assets 2023: -$790,9302023Assets 2024: $1,190,236Liabilities 2024: $2,019,943Net Assets 2024: -$829,7072024Assets 2025: $1,164,711Liabilities 2025: $2,038,125Net Assets 2025: -$873,4142025

Highlighted filing

2017

Assets$1,508,685
Liabilities$2,020,514
Net Assets-$511,829
Open 2017 Filing

Operations Trend

Revenue Growth36th percentile

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

$300K$200K$100K$0-$100KRevenue 2012: $153,967Expenses 2012: $177,528Net Income 2012: -$23,5612012Revenue 2013: $150,452Expenses 2013: $184,901Net Income 2013: -$34,4492013Revenue 2014: $153,558Expenses 2014: $181,531Net Income 2014: -$27,9732014Revenue 2015: $152,529Expenses 2015: $199,165Net Income 2015: -$46,6362015Revenue 2016: $153,119Expenses 2016: $246,818Net Income 2016: -$93,6992016Revenue 2017: $152,490Expenses 2017: $198,116Net Income 2017: -$45,6262017Revenue 2018: $150,514Expenses 2018: $199,982Net Income 2018: -$49,4682018Revenue 2019: $157,914Expenses 2019: $192,169Net Income 2019: -$34,2552019Revenue 2020: $167,312Expenses 2020: $211,282Net Income 2020: -$43,9702020Revenue 2021: $174,520Expenses 2021: $203,392Net Income 2021: -$28,8722021Revenue 2022: $187,093Expenses 2022: $241,364Net Income 2022: -$54,2712022Revenue 2023: $183,750Expenses 2023: $252,015Net Income 2023: -$68,2652023Revenue 2024: $184,441Expenses 2024: $223,218Net Income 2024: -$38,7772024Revenue 2025: $190,051Expenses 2025: $233,758Net Income 2025: -$43,7072025

Highlighted filing

2017

Revenue$152,490
Expenses$198,116
Net Income-$45,626
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Feb 15, 2018
Return Version
2016v3.0
Gross Receipts
$152,490
Mission and Program Overview

Mission

Homes for laurel, inc. Was incorporated for the purpose of developing and preserving housing for low income and moderate income elderly.

Please see schedule ohomes for laurel, inc. Was incorporated for the purpose of developing and preserving housing for low income and moderate income elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,379,127$1,331,430▼ $47,697
Accounts Receivable-$19,169-
Prepaid Expenses and Deferred Charges$4,681$5,340▲ $659
Cash and Non-Interest-Bearing Accounts$5,127$2,345▼ $2,782
Total Assets$1,601,728$1,508,685▼ $93,043
Other Assets Total$212,793$150,401▼ $62,392
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,942,916$1,942,916→ $0
Other Liabilities$66,710$67,264▲ $554
Accounts Payable and Accrued Expenses$58,305$10,334▼ $47,971
Total Liabilities$2,067,931$2,020,514▼ $47,417
Net Assets / Fund Balance
Unrestricted Net Assets$-466,203$-511,829▼ $45,626
Total Net Assets Fund Balance$-466,203$-511,829▼ $45,626
Total Liabilities and Net Assets / Fund Balance$1,601,728$1,508,685▼ $93,043

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,281,430$626,474$1,907,904
Land$50,000-$50,000
Other Assets Org$6,669--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleOtherTotal
Paula Sampson Th 7-5-16Director (non-voting)$121,713$121,713
Nancy S Rase Eff 10-15-16President & Director$83,000$83,000
Cathy Wallick Eff 10-15-16Director (non-voting)$70,695$70,695
Trudy Parisa McfallDirector (non-voting)$53,745$53,745

Board Members and Trustees

NameTitle
Michael Bodaken Th 10-14-16President & Director
Kathy Ebner Eff 7-6-16V President & Director (non-voting)
Sharon Dworkin Bell Th 10-14-16Vice President & Director
Ardath M Cade Th 10-14-16Director
Bernard L Tetreault Th 10-14-16Director
Charles L EdsonDirector
Dennis M Conti Eff 10-15-16Director
Mary Grace Folwell Eff 10-15-16Director
Diane Clyde Eff 10-15-16Director (non-voting)
Mary E Rowland Th 10-14-16Secretary & Director
Lisa J Yaffe Eff 10-15-16Secretary/treasurer & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$152,440
Investment Income
$50
Other Revenue
$0
Change in Net Assets
$-45,626

Audited Revenue Reconciliation

Revenue per Audited Statements
$152,490
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$152,490
Total Revenue per Form 990
$152,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$198,116
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$47,697--$47,697
Other Expenses$10,076--$10,076
Fees for Services Management-$9,458-$9,458
Fees for Services Accounting-$7,882-$7,882
Office Expenses$7,213--$7,213
Insurance$3,085--$3,085
Advertising$94--$94
Total Functional Expenses$180,776$17,340$0$198,116

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$198,116
Total Expenses per Audited Statements$198,116
Total Expenses per Form 990$198,116
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
Advance From Affiliate -hfa$54,427
Tenant Security Deposit$7,029
Accrued Expenses - Other$3,281
Accrued Payroll$1,195
Accrued Management Fees$1,012
Unclaimed Property$185
Prepaid Revenue$135
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A draft of form 990 is reviewed & authorized by a member of the board of directors prior to filing with the irs.”

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

“The written conflict of interest policy is discussed at the annual meeting and all officers and directors sign a statement acknowledging the policy.”

Form 990, Part VI, Section C, line 19

“the organization's governing documents and policies are available for public inspection at the organization's office during regular business hours upon request.”

Filing and Contact Details

Filer

Filer Name
Homes for Laurel Inc
EIN
52-2258799
Phone
4102691222
Address
318 SIXTH ST No STE 2, ANNAPOLIS, MD 21403-2566

Signing Officer

Name
Kathy Ebner
Title
VICE president
Phone
4102691222
Signed
2018-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Ebner
Formed
2000
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
500 EAST PRATT STREET 4TH FLOOR, BALTIMORE, MD 21202
Preparer
Damien Nickle CPA
Phone
4107834900
Supplemental Narrative

Additional Explanations

Form 990, Part XII, line 2C:

“The Organization has a committee responsible for the selection of the independent accountant and a member of the Organization's Board reviews the annual audit.”

Financial Statement Notes

Part X, Line 2:

“fin 48 disclosure The Organization has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended March 31, 2017. Due to its tax exempt status, the Organization is not subject to income taxes. The Organization is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Organization has no other tax positions which must be considered for disclosure. Income tax returns filed by the Organization are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2014 remain open.”

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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/ActivityOrMissionDesc0PLEASE SEE SCHEDULE OHOMES FOR LAUREL, INC. WAS INCORPORATED FOR THE PURPOSE OF DEVELOPING AND PRESERVING HOUSING FOR LOW INCOME AND MODERATE INCOME ELDERLY.
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IRS990/Desc021 Units of housing serving senior citizens under Section 202 of The Federal Housing Act of 1959. Services, in addition to housing, include weekly continental breakfast, mobile grocery store, meals on wheels, food delivery, on-site bus stop, computer lab, diabetic clinic, wellness education opportunities, walking club and lending library. A variety of social programs are also provided, which include BINGO, seasonal luncheons, brunches, and cookouts, exercise instruction, and transportation to The Laurel Senior Center Monday through Friday.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1V PRESIDENT & DIRECTOR (NON-VOTING)
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR (NON-VOTING)
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR (NON-VOTING)
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR (NON-VOTING)
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR (NON-VOTING)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02000
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IRS990/FSAuditedInd01
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IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/LandBldgEquipCostOrOtherBssAmt01957904
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IRS990/LobbyingActivitiesInd00
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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
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IRS990/MissionDesc0HOMES FOR LAUREL, INC. WAS INCORPORATED FOR THE PURPOSE OF DEVELOPING AND PRESERVING HOUSING FOR LOW INCOME AND MODERATE INCOME ELDERLY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01942916
IRS990/NetAssetsOrFundBalancesBOYAmt0-466203
IRS990/NetAssetsOrFundBalancesEOYAmt0-511829
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt07213
IRS990/OfficeExpensesGrp/TotalAmt07213
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt050411
IRS990/OtherExpensesGrp/ProgramServicesAmt141300
IRS990/OtherExpensesGrp/ProgramServicesAmt220900
IRS990/OtherExpensesGrp/ProgramServicesAmt310076
IRS990/OtherExpensesGrp/TotalAmt050411
IRS990/OtherExpensesGrp/TotalAmt141300
IRS990/OtherExpensesGrp/TotalAmt220900
IRS990/OtherExpensesGrp/TotalAmt310076
IRS990/OtherLiabilitiesGrp/BOYAmt066710
IRS990/OtherLiabilitiesGrp/EOYAmt067264
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04681
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05340
IRS990/PrincipalOfficerNm0KATHY EBNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0151154
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11286
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0151154
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11286
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt088
IRS990/PYOtherExpensesAmt0246818
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0153031
IRS990/PYRevenuesLessExpensesAmt0-93699
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0246818
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0153119
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-45626
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0152440
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt050
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt088
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0101
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0188
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0523
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0152440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0153031
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0152433
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0153457
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0150264
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0761625
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0101
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0188
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0523
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal509Amt0761625
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0152440
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0153031
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0152433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0153457
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0150264
IRS990ScheduleA/Total509Grp/TotalAmt0761625
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0152490
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0153119
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0152529
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0153558
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0150452
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0762148
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01281430
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0626474
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01907904
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0198116
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07715
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1136017
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26669
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07029
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt154427
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21012
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3135
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt41195
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5185
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt63281
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ADVANCE FROM AFFILIATE -HFA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED MANAGEMENT FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PREPAID REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5UNCLAIMED PROPERTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6ACCRUED EXPENSES - OTHER
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0152490
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0fin 48 disclosure The Organization has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended March 31, 2017. Due to its tax exempt status, the Organization is not subject to income taxes. The Organization is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Organization has no other tax positions which must be considered for disclosure. Income tax returns filed by the Organization are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2014 remain open.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0150401
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IRS990ScheduleD/TotalLiabilityAmt067264
IRS990ScheduleD/TotalRevenuePerForm990Amt0152490
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0152490
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0198116
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,508,685
Liabilities
$2,020,514
Net assets
-$511,829
Revenue
$152,490
Expenses
$198,116
Net income
-$45,626
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.16$2.04$0.87$0.19$0.23$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.19$2.02$0.83$0.18$0.22$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.25$2.04$0.79$0.18$0.25$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.31$2.03$0.72$0.19$0.24$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$2.02$0.67$0.17$0.20$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.39$2.03$0.64$0.17$0.21$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.42$2.02$0.60$0.16$0.19$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.46$2.02$0.56$0.15$0.20$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.51$2.02$0.51$0.15$0.20$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.60$2.07$0.47$0.15$0.25$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.64$2.01$0.37$0.15$0.20$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.69$2.02$0.33$0.15$0.18$0.03
2013Summary only. Only limited summary data is available for this year.$1.72$2.01$0.30$0.15$0.18$0.03
2012Summary only. Only limited summary data is available for this year.$1.75$2.01$0.26$0.15$0.18$0.02