Civic Intelligence

Scotland Community Development Inc.

990 • Fiscal year 2016 • EIN 52-6079918

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 23, 2017

Organization ProfileN/A
7838 Scotland DrivePotomac, MD 20854

(301) 983-2248

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.12x

Higher debt load relative to assets than 52% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

72nd percentile

0.35x

Higher debt load relative to revenue than 72% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

76th percentile

15%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

60th percentile

4.3%

Faster asset growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

30th percentile

-5.3%

Faster revenue growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$2,456,095

Up $101,408 (+4.3%) from 2015

Net Assets

Up

$2,171,062

Up $125,668 (+6.1%) from 2015

Liabilities

Down

$285,033

Down $24,260 (-7.8%) from 2015

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin76th percentile

Revenue

Down

$816,037

Down $45,866 (-5.3%) from 2015

Expenses

Up

$690,369

Up $17,463 (+2.6%) from 2015

Net Income

Down

$125,668

Down $63,329 (-34%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$10M$5.0M$0Assets 2011: $1,732,208Liabilities 2011: $333,888Net Assets 2011: $1,398,3202011Assets 2012: $1,849,283Liabilities 2012: $332,159Net Assets 2012: $1,517,1242012Assets 2013: $1,969,991Liabilities 2013: $309,556Net Assets 2013: $1,660,4352013Assets 2014: $2,156,240Liabilities 2014: $299,843Net Assets 2014: $1,856,3972014Assets 2015: $2,354,687Liabilities 2015: $309,293Net Assets 2015: $2,045,3942015Assets 2016: $2,456,095Liabilities 2016: $285,033Net Assets 2016: $2,171,0622016Assets 2017: $6,281,320Liabilities 2017: $51,881Net Assets 2017: $6,229,4392017Assets 2018: $6,390,528Liabilities 2018: $13,525Net Assets 2018: $6,377,0032018Assets 2019: $6,725,708Liabilities 2019: $13,525Net Assets 2019: $6,712,1832019Assets 2020: $7,026,766Liabilities 2020: $16,570Net Assets 2020: $7,010,1962020Assets 2021: $7,354,210Liabilities 2021: $12,424Net Assets 2021: $7,341,7862021Assets 2022: $7,677,378Liabilities 2022: $15,987Net Assets 2022: $7,661,3912022Assets 2023: $8,129,015Liabilities 2023: $11,538Net Assets 2023: $8,117,4772023Assets 2024: $8,545,753Liabilities 2024: $14,162Net Assets 2024: $8,531,5912024

Highlighted filing

2016

Assets$2,456,095
Liabilities$285,033
Net Assets$2,171,062
Open 2016 Filing

Operations Trend

Revenue Growth30th percentile

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

$6.0M$4.0M$2.0M$0Expenses 2011: $615,4952011Expenses 2012: $646,2132012Revenue 2013: $807,632Expenses 2013: $664,321Net Income 2013: $143,3112013Revenue 2014: $827,013Expenses 2014: $631,051Net Income 2014: $195,9622014Revenue 2015: $861,903Expenses 2015: $672,906Net Income 2015: $188,9972015Revenue 2016: $816,037Expenses 2016: $690,369Net Income 2016: $125,6682016Revenue 2017: $4,738,971Expenses 2017: $680,594Net Income 2017: $4,058,3772017Revenue 2018: $260,888Expenses 2018: $113,263Net Income 2018: $147,6252018Revenue 2019: $408,553Expenses 2019: $73,373Net Income 2019: $335,1802019Revenue 2020: $384,152Expenses 2020: $86,139Net Income 2020: $298,0132020Revenue 2021: $368,256Expenses 2021: $36,414Net Income 2021: $331,8422021Revenue 2022: $373,435Expenses 2022: $46,187Net Income 2022: $327,2482022Revenue 2023: $513,171Expenses 2023: $64,229Net Income 2023: $448,9422023Revenue 2024: $472,433Expenses 2024: $58,290Net Income 2024: $414,1432024

Highlighted filing

2016

Revenue$816,037
Expenses$690,369
Net Income$125,668
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 23, 2017
Return Version
2016v3.0
Gross Receipts
$816,037
Mission and Program Overview

Mission

Providing housing to low income residents under section 221(d)(3) of the national housing act.

To provide housing to low income residents under section 221(d)(3) of the national housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$899,848$757,754▼ $142,094
Land, Buildings, and Equipment, Net$540,128$515,818▼ $24,310
Prepaid Expenses and Deferred Charges$24,457$32,265▲ $7,808
Accounts Receivable$12,135$6,311▼ $5,824
Cash and Non-Interest-Bearing Accounts$48,738$4,369▼ $44,369
Total Assets$2,354,687$2,456,095▲ $101,408
Other Assets Total$829,381$1,139,578▲ $310,197
Liabilities
Mortgage Notes Payable Secured by Investment Property$201,314$188,670▼ $12,644
Escrow Account Liability$64,166$56,333▼ $7,833
Accounts Payable and Accrued Expenses$42,182$38,571▼ $3,611
Deferred Revenue$1,631$1,459▼ $172
Total Liabilities$309,293$285,033▼ $24,260
Net Assets / Fund Balance
Unrestricted Net Assets$2,045,394$2,171,062▲ $125,668
Total Net Assets Fund Balance$2,045,394$2,171,062▲ $125,668
Total Liabilities and Net Assets / Fund Balance$2,354,687$2,456,095▲ $101,408

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$364,974$3,556,157$3,921,131
Land$150,844-$150,844
Equipment$0$5,769$5,769
Other Assets Org$1,075,623--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Iris NealPresident/director
Diane Quinn TilleryVice President/director
Wendy MasonVice President/director Thru 8/24/16
Donna BoxerDirector
Fatu SamsumanaDirector
James WatsonDirector
Jane HoustonDirector
Kay FreemanDirector
Viktor VoloshynDirector
Virginie Mba MahakomDirector
Amal FallahSecretary/director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$799,779
Investment Income
$2,998
Other Revenue
$13,260
Change in Net Assets
$125,668

Audited Revenue Reconciliation

Revenue per Audited Statements
$816,037
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$816,037
Total Revenue per Form 990
$816,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$530,574
Salaries, Compensation, and Employee Benefits$159,795
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$122,106--$122,106
Occupancy$83,768--$83,768
Depreciation Depletion$57,720--$57,720
Fees for Services Other-$43,500-$43,500
Fees for Services Management-$43,273-$43,273
Other Employee Benefits$21,572--$21,572
Payroll Taxes$16,117--$16,117
Office Expenses$6,315$8,482-$14,797
Fees for Services Legal-$13,865-$13,865
Fees for Services Accounting$2,250$6,960-$9,210
Other Expenses$7,337$7,790-$7,337
All Other Expenses$5,812--$5,812
Information Technology-$2,024-$2,024
Interest$1,319--$1,319
Insurance$596--$596
Travel-$193-$193
Total Functional Expenses$564,282$126,087$0$690,369

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$690,369
Total Expenses per Audited Statements$690,369
Total Expenses per Form 990$690,369
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization is managed by whetstone company pursuant to a management agreeement. The fee is based on 5.25% of gross rent collections. For the year ended december 31, 2016, management fees in the amount of $43,273 were incurred.”

Form 990, Part VI, Section A, Line 6

“The organization has the following classes of members: a) owner member b) leasehold member c) director member, which are persons serving on the board of directors who are not owner or leasehold members.”

Form 990, Part VI, Section A, Line 7A

“The board of directors is elected by the members of the corporation.”

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

“The board acted as a whole on all matters and no committees were appointed during the calendar year.”

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

“A copy of the form 990 is provided to the board of directors prior to filing. No other review is conducted.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Scotland Community Development Inc
EIN
52-6079918
Phone
3019832248
Address
7838 SCOTLAND DRIVE, POTOMAC, MD 20854

Signing Officer

Name
Iris Neal
Title
President
Phone
3012995066
Signed
2017-10-23

Organization Details

Principal Officer
Iris Neal
Formed
1965
Legal Domicile
Md
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
11

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
665 FIFTH AVENUE, NEW YORK, NY 10022
Preparer
Garrett M Higgins
Phone
2122862600
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“Tenant security deposits held in accordance with regulations.”

PART X, LINE 2:

“The entity recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the entity had no uncertain tax positions that would require financial statement recognition or disclosure. The entity is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to december 31, 2016.”

Raw XML AppendixShowing 400 of 473 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT/DIRECTOR THRU 8/24/16
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IRS990/OtherExpensesGrp/TotalAmt0231240
IRS990/OtherExpensesGrp/TotalAmt18130
IRS990/OtherExpensesGrp/TotalAmt27790
IRS990/OtherExpensesGrp/TotalAmt37337
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt012000
IRS990/OtherRevenueMiscGrp/ExclusionAmt11260
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11260
IRS990/OtherRevenueTotalAmt013260
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0122106
IRS990/OtherSalariesAndWagesGrp/TotalAmt0122106
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt016117
IRS990/PayrollTaxesGrp/TotalAmt016117
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024457
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032265
IRS990/PrincipalOfficerNm0IRIS NEAL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0791324
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18455
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0791324
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18455
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02894
IRS990/PYOtherExpensesAmt0521188
IRS990/PYOtherRevenueAmt01944
IRS990/PYProgramServiceRevenueAmt0857065
IRS990/PYRevenuesLessExpensesAmt0188997
IRS990/PYSalariesCompEmpBnftPaidAmt0151718
IRS990/PYTotalExpensesAmt0672906
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0861903
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0125668
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0799779
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0899848
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0757754
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2015 AMOUNT: $ 1,944. 2016 AMOUNT: $ 1,260. LAUNDRY AND VENDING - 2016 AMOUNT: $ 12,000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02998
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02894
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02795
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03537
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04943
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017167
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0799779
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0857065
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0824218
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0804095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0760074
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04045231
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02998
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02894
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02795
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03537
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04943
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017167
IRS990ScheduleA/InvestmentIncomeCYPct00.00420
IRS990ScheduleA/InvestmentIncomePYPct00.00500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt013260
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01944
IRS990ScheduleA/OtherIncome509Grp/TotalAmt015204
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99210
IRS990ScheduleA/PublicSupportPY509Pct00.99450
IRS990ScheduleA/PublicSupportTotal509Amt04045231
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0799779
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0857065
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0824218
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0804095
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0760074
IRS990ScheduleA/Total509Grp/TotalAmt04045231
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0816037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0861903
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0827013
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0807632
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0765017
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04077602
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0364974
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03556157
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03921131
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05769
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05769
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0690369
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0150844
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0150844
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt063955
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11075623
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDED SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS AND FUNDED RESERVES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0816037
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS HELD IN ACCORDANCE WITH REGULATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ENTITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ENTITY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ENTITY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0515818
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01139578
IRS990ScheduleD/TotalExpensesPerForm990Amt0690369
IRS990ScheduleD/TotalRevenuePerForm990Amt0816037
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0816037
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0690369
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS MANAGED BY WHETSTONE COMPANY PURSUANT TO A MANAGEMENT AGREEEMENT. THE FEE IS BASED ON 5.25% OF GROSS RENT COLLECTIONS. FOR THE YEAR ENDED DECEMBER 31, 2016, MANAGEMENT FEES IN THE AMOUNT OF $43,273 WERE INCURRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS THE FOLLOWING CLASSES OF MEMBERS: A) OWNER MEMBER B) LEASEHOLD MEMBER C) DIRECTOR MEMBER, WHICH ARE PERSONS SERVING ON THE BOARD OF DIRECTORS WHO ARE NOT OWNER OR LEASEHOLD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD ACTED AS A WHOLE ON ALL MATTERS AND NO COMMITTEES WERE APPOINTED DURING THE CALENDAR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. NO OTHER REVIEW IS CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02354687
IRS990/TotalAssetsEOYAmt02456095
IRS990/TotalAssetsGrp/BOYAmt02354687
IRS990/TotalAssetsGrp/EOYAmt02456095
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,456,095
Liabilities
$285,033
Net assets
$2,171,062
Revenue
$816,037
Expenses
$690,369
Net income
$125,668
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.55$0.01$8.53$0.47$0.06$0.41
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.13$0.01$8.12$0.51$0.06$0.45
2022Detailed filing. Detailed filing data is available for this year.$7.68$0.02$7.66$0.37$0.05$0.33
2021Detailed filing. Detailed filing data is available for this year.$7.35$0.01$7.34$0.37$0.04$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.03$0.02$7.01$0.38$0.09$0.30
2019Detailed filing. Detailed filing data is available for this year.$6.73$0.01$6.71$0.41$0.07$0.34
2018Detailed filing. Detailed filing data is available for this year.$6.39$0.01$6.38$0.26$0.11$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.28$0.05$6.23$4.74$0.68$4.06
2016Detailed filing. Detailed filing data is available for this year.$2.46$0.29$2.17$0.82$0.69$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.35$0.31$2.05$0.86$0.67$0.19
2014Detailed filing. Detailed filing data is available for this year.$2.16$0.30$1.86$0.83$0.63$0.20
2013Detailed filing. Detailed filing data is available for this year.$1.97$0.31$1.66$0.81$0.66$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.33$1.52$0.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.33$1.40$0.62