Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.47x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
24th percentile
Higher net margin than 24% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
31st percentile
Faster asset growth than 31% of similar nonprofits.
Revenue Growth
50th percentile
Faster revenue growth than 50% of similar nonprofits.
Balance Sheet
Assets
Down$355,526
Down $18,357 (-4.9%) from 2020
Net Assets
Down-$165,373
Down $9,519 (-6.1%) from 2020
Liabilities
Down$520,899
Down $8,838 (-1.7%) from 2020
Revenue And Expenses
Revenue
Down$83,420
Down $1,298 (-1.5%) from 2020
Expenses
Up$92,939
Up $6,898 (+8.0%) from 2020
Net Income
Down-$9,519
Down $8,196 (-620%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Sep 22, 2022
- Return Version
- 2021v4.2
- Gross Receipts
- $83,420
Mission and Program Overview
Mission
To provide low income housing
Program Services
| Description | Grants | Expenses |
|---|---|---|
| HOUSING FOR LOW AND MODERATE INCOME FAMILIES - 6 UNITS | $0 | $92,939 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOHN GIBB | President | - | $0 | - | - |
| MICHAEL T CRANNA | Treasurer | - | $0 | - | - |
| SHELLEY S MURPHY | Secretary | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Circle Properties Inc
- EIN
- 54-1149593
- Phone
- 7036423830
- Address
- 5515 CHEROKEE AVENUE SUITE 204, ALEXANDRIA, VA 22312
Signing Officer
- Name
- Shelley Murphy
- Title
- Secretary
- Phone
- 7036423830
- Signed
- 2022-09-22
- Discuss with paid preparer
- Yes
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-ez, Part I, Line 4 - Other Investment Income
“Description: interest. Amount: 22.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: management fees. Amount: 4,221. Description: miscellaneous expenses. Amount: 1,042. Description: insurance expenses. Amount: 261. Description: office expenses. Amount: 1,184. Description: taxes. Amount: 485. Description: telephone expenses. Amount: 24. Description: bad debts. Amount: 864. Total to form 990-ez, line 16: 8,081.”
Form 990 Ez, Part I, Line 14
“Salaries & wages 2,975 taxes 14,544 repairs and maintenance 4,402 assessments & condo fees 36,212 interest expense 8,242 depreciation & amortization 11,782 property & liability insurance 3,338 appliances / replacements 1,080 other renting expenses 483 ----------------------------------------- occupancy expense total: 83,058”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: net financing fees. Beg. Of year amount: 1,704. End of year amount: 1,278. Description: tenant security deposits. Beg. Of year amount: 5,385. End of year amount: 4,844. Description: replacement reserves and escrows. Beg. Of year amount: 24,239. End of year amount: 22,168.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: mortgages and notes payable. Beg. Of year amount: 436,006. End of year amount: 426,815. Description: tenant security deposits. Beg. Of year amount: 3,730. End of year amount: 4,080. Description: due to affiliate. Beg. Of year amount: 90,000. End of year amount: 90,000. Description: prepaid rents. Beg. Of year amount: 1. End of year amount: 4.”
Raw XML Appendix123 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | WESLEY HOUSING DEVELOPMENT CORPORAT |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7036423830 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5515 CHEROKEE AVE SUITE 204 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | ALEXANDRIA |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 22312 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 10090 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 6127 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -9519 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1800 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 373883 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 355526 |
| IRS990EZ/GrossReceiptsAmt | 0 | 83420 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 22 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 332465 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 321109 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -155854 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -165373 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -155854 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -165373 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 83058 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.20 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.20 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.20 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JOHN GIBB |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MICHAEL T CRANNA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SHELLEY S MURPHY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 31328 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 28290 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 8081 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE LOW INCOME HOUSING |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 83398 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | HOUSING FOR LOW AND MODERATE INCOME FAMILIES - 6 UNITS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 92939 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | VA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 529737 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 520899 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 92939 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 92939 |
| IRS990EZ/TotalRevenueAmt | 0 | 83420 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST. AMOUNT: 22. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: MANAGEMENT FEES. AMOUNT: 4,221. DESCRIPTION: MISCELLANEOUS EXPENSES. AMOUNT: 1,042. DESCRIPTION: INSURANCE EXPENSES. AMOUNT: 261. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 1,184. DESCRIPTION: TAXES. AMOUNT: 485. DESCRIPTION: TELEPHONE EXPENSES. AMOUNT: 24. DESCRIPTION: BAD DEBTS. AMOUNT: 864. TOTAL TO FORM 990-EZ, LINE 16: 8,081. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | SALARIES & WAGES 2,975 TAXES 14,544 REPAIRS AND MAINTENANCE 4,402 ASSESSMENTS & CONDO FEES 36,212 INTEREST EXPENSE 8,242 DEPRECIATION & AMORTIZATION 11,782 PROPERTY & LIABILITY INSURANCE 3,338 APPLIANCES / REPLACEMENTS 1,080 OTHER RENTING EXPENSES 483 ----------------------------------------- OCCUPANCY EXPENSE TOTAL: 83,058 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: NET FINANCING FEES. BEG. OF YEAR AMOUNT: 1,704. END OF YEAR AMOUNT: 1,278. DESCRIPTION: TENANT SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 5,385. END OF YEAR AMOUNT: 4,844. DESCRIPTION: REPLACEMENT RESERVES AND ESCROWS. BEG. OF YEAR AMOUNT: 24,239. END OF YEAR AMOUNT: 22,168. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: MORTGAGES AND NOTES PAYABLE. BEG. OF YEAR AMOUNT: 436,006. END OF YEAR AMOUNT: 426,815. DESCRIPTION: TENANT SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 3,730. END OF YEAR AMOUNT: 4,080. DESCRIPTION: DUE TO AFFILIATE. BEG. OF YEAR AMOUNT: 90,000. END OF YEAR AMOUNT: 90,000. DESCRIPTION: PREPAID RENTS. BEG. OF YEAR AMOUNT: 1. END OF YEAR AMOUNT: 4. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990 EZ, PART I, LINE 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SHELLEY MURPHY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7036423830 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-09-22 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | CIRCLE PROPERTIES INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CIRC |
| ReturnHeader/Filer/EIN | 0 | 541149593 |
| ReturnHeader/Filer/PhoneNum | 0 | 7036423830 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 5515 CHEROKEE AVENUE SUITE 204 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ALEXANDRIA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 22312 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 221478099 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | COHNREZNICK LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 500 EAST PRATT STREET 4TH FLOOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BALTIMORE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 21202 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4107834900 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DAMIEN NICKLE CPA |
| ReturnHeader/ReturnTs | 0 | 2022-09-22T12:24:39-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | SHELLEY |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | MURPHY |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $355,526
- Liabilities
- $520,899
- Net assets
- -$165,373
- Revenue
- $83,420
- Expenses
- $92,939
- Net income
- -$9,519