Civic Intelligence

Scotland Community Development Inc.

990 • Fiscal year 2017 • EIN 52-6079918

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

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

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

12th percentile

0.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

97th percentile

86%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

97th percentile

156%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

98th percentile

481%

Faster revenue growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$6,281,320

Up $3,825,225 (+156%) from 2016

Net Assets

Up

$6,229,439

Up $4,058,377 (+187%) from 2016

Liabilities

Down

$51,881

Down $233,152 (-82%) from 2016

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin97th percentile

Revenue

Up

$4,738,971

Up $3,922,934 (+481%) from 2016

Expenses

Down

$680,594

Down $9,775 (-1.4%) from 2016

Net Income

Up

$4,058,377

Up $3,932,709 (+3129%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2017

Assets$6,281,320
Liabilities$51,881
Net Assets$6,229,439
Open 2017 Filing

Operations Trend

Revenue Growth98th 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

2017

Revenue$4,738,971
Expenses$680,594
Net Income$4,058,377
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$5,194,591
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
Other Notes and Loans Receivable, Net-$4,000,000-
Savings and Temporary Cash Investments$757,754$815,426▲ $57,672
Land, Buildings, and Equipment, Net$515,818$0▼ $515,818
Cash and Non-Interest-Bearing Accounts$4,369$324,101▲ $319,732
Accounts Receivable$6,311$144,552▲ $138,241
Prepaid Expenses and Deferred Charges$32,265$24,811▼ $7,454
Total Assets$2,456,095$6,281,320▲ $3,825,225
Other Assets Total$1,139,578$972,430▼ $167,148
Liabilities
Mortgage Notes Payable Secured by Investment Property$188,670$0▼ $188,670
Escrow Account Liability$56,333$0▼ $56,333
Accounts Payable and Accrued Expenses$38,571$51,881▲ $13,310
Deferred Revenue$1,459$0▼ $1,459
Total Liabilities$285,033$51,881▼ $233,152
Net Assets / Fund Balance
Unrestricted Net Assets$2,171,062$6,229,439▲ $4,058,377
Total Net Assets Fund Balance$2,171,062$6,229,439▲ $4,058,377
Total Liabilities and Net Assets / Fund Balance$2,456,095$6,281,320▲ $3,825,225

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$200,000--
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Iris NealPresident/director
Diane Quinn TilleryVice President/director
Donna BoxerDirector
Fatu SamsumanaDirector
James WatsonDirector
Jane HoustonDirector
Kay FreemanDirector
Michelle BarringtonDirector
Virginie Mba MahakomDirector
Viktor VoloshynDirector (thru 7/2017)
Amal FallahSecretary/ Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$659,067
Investment Income
$4,046,880
Other Revenue
$33,024
Change in Net Assets
$4,058,377

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,738,971
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,738,971
Total Revenue per Form 990
$4,738,971
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$525,416
Salaries, Compensation, and Employee Benefits$155,178
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$119,107--$119,107
Occupancy$75,494--$75,494
Depreciation Depletion$60,198--$60,198
Fees for Services Legal-$54,621-$54,621
Fees for Services Other-$48,000-$48,000
Fees for Services Management-$35,714-$35,714
Other Employee Benefits$21,148--$21,148
Office Expenses$5,974$9,591-$15,565
Payroll Taxes$14,923--$14,923
Fees for Services Accounting$2,063$9,515-$11,578
Other Expenses$7,656--$7,656
All Other Expenses$3,630--$3,630
Information Technology-$1,888-$1,888
Interest$1,206--$1,206
Insurance$578--$578
Travel-$241-$241
Total Functional Expenses$521,024$159,570$0$680,594

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$680,594
Total Expenses per Audited Statements$680,594
Total Expenses per Form 990$680,594
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, 2017, management fees in the amount of $35,714 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
2018-11-15
Discuss with paid preparer
Yes

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, 2014.”

Raw XML AppendixShowing 400 of 480 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/OtherEmployeeBenefitsGrp/ProgramServicesAmt021148
IRS990/OtherEmployeeBenefitsGrp/TotalAmt021148
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2RESIDENT PROGRAMS
IRS990/OtherExpensesGrp/Desc3RENTING EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0177164
IRS990/OtherExpensesGrp/ProgramServicesAmt121785
IRS990/OtherExpensesGrp/ProgramServicesAmt210098
IRS990/OtherExpensesGrp/ProgramServicesAmt37656
IRS990/OtherExpensesGrp/TotalAmt0177164
IRS990/OtherExpensesGrp/TotalAmt121785
IRS990/OtherExpensesGrp/TotalAmt210098
IRS990/OtherExpensesGrp/TotalAmt37656
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/Desc2REFUND OF UTILITY DEPOSIT
IRS990/OtherRevenueMiscGrp/ExclusionAmt010806
IRS990/OtherRevenueMiscGrp/ExclusionAmt110513
IRS990/OtherRevenueMiscGrp/ExclusionAmt210328
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010806
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt110513
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt210328
IRS990/OtherRevenueTotalAmt033024
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0119107
IRS990/OtherSalariesAndWagesGrp/TotalAmt0119107
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04000000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt014923
IRS990/PayrollTaxesGrp/TotalAmt014923
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032265
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024811
IRS990/PrincipalOfficerNm0IRIS NEAL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0654335
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14732
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0654335
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14732
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02998
IRS990/PYOtherExpensesAmt0530574
IRS990/PYOtherRevenueAmt013260
IRS990/PYProgramServiceRevenueAmt0799779
IRS990/PYRevenuesLessExpensesAmt0125668
IRS990/PYSalariesCompEmpBnftPaidAmt0159795
IRS990/PYTotalExpensesAmt0690369
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0816037
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04058377
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0659067
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0757754
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0815426
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2015 AMOUNT: $ 1,944. 2016 AMOUNT: $ 1,260. 2017 AMOUNT: $ 10,806. LAUNDRY AND VENDING - 2016 AMOUNT: $ 12,000. 2017 AMOUNT: $ 10,513. COLLECTIONS ON BAD DEBT - 2017 AMOUNT: $ 1,377. REFUND OF UTILITY DEPOSITS - 2017 AMOUNT: $ 10,328.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02500
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02998
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02894
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02795
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03537
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt014724
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0659067
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0799779
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0857065
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0824218
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0804095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03944224
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02500
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02998
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02894
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02795
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03537
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt014724
IRS990ScheduleA/InvestmentIncomeCYPct00.00370
IRS990ScheduleA/InvestmentIncomePYPct00.00420
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt033024
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt013260
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01944
IRS990ScheduleA/OtherIncome509Grp/TotalAmt048228
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98430
IRS990ScheduleA/PublicSupportPY509Pct00.99210
IRS990ScheduleA/PublicSupportTotal509Amt03944224
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0659067
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0799779
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0857065
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0824218
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0804095
IRS990ScheduleA/Total509Grp/TotalAmt03944224
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0694591
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0816037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0861903
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0827013
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0807632
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04007176
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0680594
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt063968
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1708462
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2200000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDED SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS AND FUNDED RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INVESTMENT IN SCOTLAND TOWNHOMES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04738971
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, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0972430
IRS990ScheduleD/TotalExpensesPerForm990Amt0680594
IRS990ScheduleD/TotalRevenuePerForm990Amt04738971
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04738971
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0680594
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, 2017, MANAGEMENT FEES IN THE AMOUNT OF $35,714 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

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$6,281,320
Liabilities
$51,881
Net assets
$6,229,439
Revenue
$4,738,971
Expenses
$680,594
Net income
$4,058,377
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
2017Detailed filing. Detailed filing data is available for this year.$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