Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
Fairfax Education Association Retirement Housing Corp T/A Tysons Tower
990 • Fiscal year 2016 • EIN 54-1031421
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.25x
Liabilities / Revenue
75th percentile
Higher debt load relative to revenue than 75% of similar nonprofits.
Net Margin
86th percentile
Higher net margin than 86% of similar nonprofits.
Top Officer Pay
19th percentile
Higher top officer pay than 19% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
69th percentile
Faster asset growth than 69% of similar nonprofits.
Revenue Growth
42nd percentile
Faster revenue growth than 42% of similar nonprofits.
Balance Sheet
Assets
Up$6,594,096
Up $475,377 (+7.8%) from 2015
Net Assets
Up$4,974,721
Up $775,007 (+18%) from 2015
Liabilities
Down$1,619,375
Down $299,630 (-16%) from 2015
Revenue And Expenses
Revenue
Up$2,488,805
Up $6,497 (+0.3%) from 2015
Expenses
Up$1,713,798
Up $21,691 (+1.3%) from 2015
Net Income
Down$775,007
Down $15,194 (-1.9%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Jul 12, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $2,488,805
Mission and Program Overview
Mission
Provide affordable housing for active and retired educators, elderly persons, and handicapped persons in a 274 unit apartment building.
SEE ATTACHED SCHEDULE O
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $4,079,774 | $4,004,658 | ▼ $75,116 |
| Investments Program Related | $1,139,424 | $1,213,414 | ▲ $73,990 |
| Cash and Non-Interest-Bearing Accounts | $57,988 | $638,974 | ▲ $580,986 |
| Intangible Assets | $114,495 | $353,318 | ▲ $238,823 |
| Prepaid Expenses and Deferred Charges | $43,223 | $127,551 | ▲ $84,328 |
| Accounts Receivable | $39,764 | $16,742 | ▼ $23,022 |
| Savings and Temporary Cash Investments | $26,568 | $1,491 | ▼ $25,077 |
| Total Assets | $6,118,719 | $6,594,096 | ▲ $475,377 |
| Other Assets Total | $617,483 | $237,948 | ▼ $379,535 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $1,689,646 | $1,381,109 | ▼ $308,537 |
| Escrow Account Liability | $121,277 | $127,635 | ▲ $6,358 |
| Accounts Payable and Accrued Expenses | $87,464 | $90,866 | ▲ $3,402 |
| Deferred Revenue | $20,618 | $19,765 | ▼ $853 |
| Total Liabilities | $1,919,005 | $1,619,375 | ▼ $299,630 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $4,199,714 | $4,974,721 | ▲ $775,007 |
| Total Net Assets Fund Balance | $4,199,714 | $4,974,721 | ▲ $775,007 |
| Total Liabilities and Net Assets / Fund Balance | $6,118,719 | $6,594,096 | ▲ $475,377 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,192,171 | $6,776,287 | $9,968,458 |
| Equipment | $107,138 | $640,976 | $748,114 |
| Land | $412,500 | - | $412,500 |
| Other Land Buildings | $292,849 | $105,334 | $398,183 |
| Investment Program Related Org | $1,213,414 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Dennis J Pfennig | President |
| Mimi Dash | Vice President |
| Cheryl Perry | Director |
| John F Duncan | Director |
| KATHryn DAVIS | Director |
| Kitty Reip | Director |
| Larry Armentrout | Director |
| Walter J Mika | Director |
| Irina Gray | Resident Representative |
| Lyudmila Naritsina | Resident Representative |
| Karen Beasley | Secretary |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Martin General Contractor | RENOVATIONS, REPAIRS, PAINTING, Flooring | 1105 SOUTH CULPEPER ROAD, Sterling, VA 20164 | $183,300 |
| Miner Feinstein Architects LLC | RENOVATIONS, REPAIRS, PAINTING, Flooring | 31 W PATRICK ST 100, Frederick, MD 21701 | $136,855 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $2,482,689
- Investment Income
- $6,116
- Other Revenue
- $0
- Change in Net Assets
- $775,007
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $2,488,805
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $2,488,805
- Total Revenue per Form 990
- $2,488,805
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,159,242 |
| Salaries, Compensation, and Employee Benefits | $554,556 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $523,612 | - | - | $523,612 |
| Other Salaries and Wages | $134,947 | $334,351 | - | $469,298 |
| Depreciation Depletion | $290,966 | - | - | $290,966 |
| Fees for Services Management | $105,408 | - | - | $105,408 |
| Other Employee Benefits | $13,142 | $32,561 | - | $45,703 |
| Office Expenses | - | $44,014 | - | $44,014 |
| Payroll Taxes | $9,356 | $23,180 | - | $32,536 |
| Fees for Services Accounting | - | $20,398 | - | $20,398 |
| Insurance | $18,878 | - | - | $18,878 |
| Advertising | $15,578 | - | - | $15,578 |
| Pension Plan Contributions | $2,018 | $5,001 | - | $7,019 |
| Fees for Services Other | $1,436 | $3,559 | - | $4,995 |
| Fees for Services Legal | - | $2,749 | - | $2,749 |
| Other Expenses | $2,033 | - | - | $2,033 |
| Conferences and Meetings | $1,420 | - | - | $1,420 |
| Total Functional Expenses | $1,247,985 | $465,813 | $0 | $1,713,798 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,713,798 |
| Total Expenses per Audited Statements | $1,713,798 |
| Total Expenses per Form 990 | $1,713,798 |
| 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 Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 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
“Polinger Shannon and Luchs manages the project in accordance with a property management agreement. The agreement is in effect for a period of three years beginning on January 1, 2010 and ending on December 31, 2013. The contract was renewed during 2013 for an additional three years through December 31, 2016 with the same terms.”
Form 990, Part VI, Section B, line 11B
“The draft tax return is sent to the board of directors for review and approval prior to finalizing. During the review process, the board of directors discuss any questions resulting from the review. Once all the questions have been resolved, the tax return is approved by the board.”
Form 990, Part VI, Section B, line 12C
“At each annual meeting and when new directors are elected, a copy of the conflict of interest resolution is distributed. Each director and/or officer are required to disclose to the board of directors any actual or potential conflicts of interest. Individuals party to any conflicts of interest are precluded from voting on any matters associated with the arrangement or transaction involving such conflict.”
Form 990, Part VI, Section B, line 15
“Form 990, part vi, section b, 15b: none of the enumerated individuals received compensation from the organization during the tax year.”
Form 990, Part VI, Section C, line 19
“Governing documents available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Fairfax Education Association Retirement
- EIN
- 54-1031421
- Phone
- 7032812080
- Address
- 8500 Tyspring Street, Vienna, VA 22182
Signing Officer
- Name
- Dennis Pfennig
- Title
- President
- Phone
- 7032812080
- Signed
- 2017-07-12
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Dennis Pfennig
- Formed
- 1973
- Legal Domicile
- Va
- Voting Board Members
- 11
- Independent Board Members
- 11
- Employees
- 11
- Volunteers
- 11
Preparer
- Firm
- Hertzbach & Company PA
- Address
- 800 Red Brook Blvd Suite 300, Owings Mills, MD 21117
- Preparer
- Jeffrey M Kleeman
- Phone
- 4103633200
Supplemental Narrative
Additional Explanations
FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE:
“MORTGAGE INTEREST $ -285,647 CONTRACTS 100,815 REPAIRS & MAINTENANCE 434,361 PROPERTY & LIABILITY INSURANCE 63,739 UTILITIES 210,344 ___________ TOTAL OCCUPANCY EXPENSE $ 523,612 Note: The entity is obligated under the terms of a Section 236 Interest Reduction Payment Program. The Section 236 program allows for the entity to make interest payments at 1% while receiving a subsidy for the difference between 1% and the market interest rate on the property's loan. The $-285,647 of mortgage interest above is the excess of subsidy interest payments over the 1% interest payments for 2016.”
Form 990, Part XI Line 2C
“N/a - no changes from prior year”
Form 990, Part I, Line 1
“Provide affordable housing for active and retired educators, elderly persons, and handicapped persons in a 274 unit apartment building.”
Financial Statement Notes
Part IV, Line 2B:
“Virginia Rent Escrow Law requires the Corporation to maintain a separate account for deposits paid by the tenants, and to credit the deposits annually with interest at 4% below the Federal Reserve Board discount rate as of January 1 of each year. The amount on the accompanying balance sheet represents funds deposited in a savings account with a balance which is at least equal to the tenants' security deposits. Tenant security deposits are held in a federally insured bank.”
Part X, Line 2:
“No provision or benefit for income taxes has been included in these financial statements, since the Corporation is exempt from taxes under Internal Revenue Code Section 501(c)(3).”
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| IRS990/Desc | 0 | PROVIDE AFFORDABLE HOUSING FOR ACTIVE AND RETIRED EDUCATORS, ELDERLY PERSONS, AND HANDICAPPED PERSONS IN A 274 UNIT APARTMENT BUILDING. |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | RESIDENT REPRESENTATIVE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | RESIDENT REPRESENTATIVE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1973 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 2488805 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 11 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 18878 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 18878 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 114495 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 353318 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 6116 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 6116 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 1139424 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 1213414 |
| IRS990/IRPDocumentCnt | 0 | 25 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 7522597 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 4079774 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 4004658 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 11527255 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | PROVIDE AFFORDABLE HOUSING FOR ACTIVE AND RETIRED EDUCATORS, ELDERLY PERSONS, AND HANDICAPPED PERSONS IN A 274 UNIT APARTMENT BUILDING. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 1689646 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 1381109 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 4199714 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 4974721 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 523612 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 523612 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 44014 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 44014 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 617483 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 237948 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 32561 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 13142 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 45703 |
| IRS990/OtherExpensesGrp/Desc | 0 | Rent Expense |
| IRS990/OtherExpensesGrp/Desc | 1 | Supplies |
| IRS990/OtherExpensesGrp/Desc | 2 | Miscellaneous |
| IRS990/OtherExpensesGrp/Desc | 3 | Bad Debt |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 68973 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 38574 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 21644 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 2033 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 68973 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 38574 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 21644 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2033 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 334351 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 134947 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 469298 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 23180 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 9356 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 32536 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 5001 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 2018 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 7019 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 43223 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 127551 |
| IRS990/PrincipalOfficerNm | 0 | DENNIS PFENNIG |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | LAUNDRY, VENDING & CAB |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | TENANT CHARGES |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | MISCELLANEOUS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2453465 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 25891 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 3159 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 174 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 2453465 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 25891 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 3159 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 174 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 3005 |
| IRS990/PYOtherExpensesAmt | 0 | 1139037 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 2479303 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 790201 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 553070 |
| IRS990/PYTotalExpensesAmt | 0 | 1692107 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 2482308 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 775007 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 1 |
| IRS990/RevenueAmt | 0 | 2482689 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 26568 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 1491 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 6116 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 3005 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2385 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2474 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2465 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 16445 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 2482689 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 2479303 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 2399485 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 2269498 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 2209135 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 11840110 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 6116 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 3005 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 2385 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 2474 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 2465 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 16445 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00140 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00110 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.99860 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.99890 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 11840110 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 2482689 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 2479303 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2399485 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2269498 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2209135 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 11840110 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 2488805 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 2482308 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 2401870 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 2271972 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 2211600 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 11856555 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 3192171 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 6776287 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 9968458 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 107138 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 640976 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 748114 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1713798 |
| IRS990ScheduleD/ExplanationProvidedInd | 0 | X |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | 1 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 1213414 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | REPLACEMENT RESERVE |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 412500 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 412500 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 292849 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 105334 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 398183 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 2488805 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Virginia Rent Escrow Law requires the Corporation to maintain a separate account for deposits paid by the tenants, and to credit the deposits annually with interest at 4% below the Federal Reserve Board discount rate as of January 1 of each year. The amount on the accompanying balance sheet represents funds deposited in a savings account with a balance which is at least equal to the tenants' security deposits. Tenant security deposits are held in a federally insured bank. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | No provision or benefit for income taxes has been included in these financial statements, since the Corporation is exempt from taxes under Internal Revenue Code Section 501(c)(3). |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part IV, Line 2b: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part X, Line 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 4004658 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $6,594,096
- Liabilities
- $1,619,375
- Net assets
- $4,974,721
- Revenue
- $2,488,805
- Expenses
- $1,713,798
- Net income
- $775,007