Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.23x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
91st percentile
Higher net margin than 91% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
39th percentile
Faster asset growth than 39% of similar nonprofits.
Revenue Growth
88th percentile
Faster revenue growth than 88% of similar nonprofits.
Balance Sheet
Assets
Down$344,359
Down $11,167 (-3.1%) from 2021
Net Assets
Up-$77,679
Up $87,694 (+53%) from 2021
Liabilities
Down$422,038
Down $98,861 (-19%) from 2021
Revenue And Expenses
Revenue
Up$192,018
Up $108,598 (+130%) from 2021
Expenses
Up$104,324
Up $11,385 (+12%) from 2021
Net Income
Up$87,694
Up $97,213 (+1021%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 14, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $192,018
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 | $104,324 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOHN GIBB | President | - | $0 | - | - |
| MICHAEL T CRANNA | Treasurer | - | $0 | - | - |
| KAMILAH MCAFEE | Secretary | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Circle Properties Inc
- EIN
- 54-1149593
- Phone
- 7036423830
- Address
- 2311 HUNTINGTON AVENUE, ALEXANDRIA, VA 22303
Signing Officer
- Name
- Kamilah Mcafee
- Title
- Secretary
- Phone
- 7036423830
- Signed
- 2023-11-14
- 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: 347.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: management fees. Amount: 4,336. Description: miscellaneous expenses. Amount: 667. Description: insurance expenses. Amount: 280. Description: office expenses. Amount: 769. Description: taxes. Amount: 207. Description: telephone expenses. Amount: 6. Total to form 990-ez, line 16: 6,265.”
Form 990 Ez, Part I, Line 14
“Salaries & wages 2,004 taxes 13,748 repairs and maintenance 5,824 assessments & condo fees 37,652 interest expense 7,825 depreciation & amortization 11,782 property & liability insurance 3,968 appliances / replacements 12,074 other renting expenses 1,282 ----------------------------------------- occupancy expense total: 83,058”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: net financing fees. Beg. Of year amount: 1,278. End of year amount: 852. Description: tenant security deposits. Beg. Of year amount: 4,844. End of year amount: 5,195. Description: replacement reserves and escrows. Beg. Of year amount: 22,168. End of year amount: 27,603.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: mortgages and notes payable. Beg. Of year amount: 426,815. End of year amount: 417,956. Description: tenant security deposits. Beg. Of year amount: 4,080. End of year amount: 4,080. Description: due to affiliate. Beg. Of year amount: 90,000. End of year amount: 0. Description: prepaid rents. Beg. Of year amount: 4. End of year amount: 2.”
Raw XML Appendix133 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/AddressChangeInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | WESLEY HOUSING DEVELOPMENT CORPORAT |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7036423830 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2311 HUNTINGTON AVENUE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | ALEXANDRIA |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 22303 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 6127 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 956 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 105000 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 87694 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1900 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 355526 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 344359 |
| IRS990EZ/GrossReceiptsAmt | 0 | 192018 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 347 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 321109 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 309753 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -165373 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -77679 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -165373 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -77679 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 96159 |
| 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 | KAMILAH MCAFEE |
| 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 | 28290 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 33650 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 6265 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE LOW INCOME HOUSING |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 86671 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | HOUSING FOR LOW AND MODERATE INCOME FAMILIES - 6 UNITS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 104324 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | VA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 520899 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 422038 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 104324 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 104324 |
| IRS990EZ/TotalRevenueAmt | 0 | 192018 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST. AMOUNT: 347. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: MANAGEMENT FEES. AMOUNT: 4,336. DESCRIPTION: MISCELLANEOUS EXPENSES. AMOUNT: 667. DESCRIPTION: INSURANCE EXPENSES. AMOUNT: 280. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 769. DESCRIPTION: TAXES. AMOUNT: 207. DESCRIPTION: TELEPHONE EXPENSES. AMOUNT: 6. TOTAL TO FORM 990-EZ, LINE 16: 6,265. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | SALARIES & WAGES 2,004 TAXES 13,748 REPAIRS AND MAINTENANCE 5,824 ASSESSMENTS & CONDO FEES 37,652 INTEREST EXPENSE 7,825 DEPRECIATION & AMORTIZATION 11,782 PROPERTY & LIABILITY INSURANCE 3,968 APPLIANCES / REPLACEMENTS 12,074 OTHER RENTING EXPENSES 1,282 ----------------------------------------- OCCUPANCY EXPENSE TOTAL: 83,058 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: NET FINANCING FEES. BEG. OF YEAR AMOUNT: 1,278. END OF YEAR AMOUNT: 852. DESCRIPTION: TENANT SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 4,844. END OF YEAR AMOUNT: 5,195. DESCRIPTION: REPLACEMENT RESERVES AND ESCROWS. BEG. OF YEAR AMOUNT: 22,168. END OF YEAR AMOUNT: 27,603. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: MORTGAGES AND NOTES PAYABLE. BEG. OF YEAR AMOUNT: 426,815. END OF YEAR AMOUNT: 417,956. DESCRIPTION: TENANT SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 4,080. END OF YEAR AMOUNT: 4,080. DESCRIPTION: DUE TO AFFILIATE. BEG. OF YEAR AMOUNT: 90,000. END OF YEAR AMOUNT: 0. DESCRIPTION: PREPAID RENTS. BEG. OF YEAR AMOUNT: 4. END OF YEAR AMOUNT: 2. |
| 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 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KAMILAH MCAFEE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7036423830 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-14 |
| 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 | 2311 HUNTINGTON AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ALEXANDRIA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 22303 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| 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 | 2023-11-15T13:31:25-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | KAMILAH |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | MCAFEE |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $344,359
- Liabilities
- $422,038
- Net assets
- -$77,679
- Revenue
- $192,018
- Expenses
- $104,324
- Net income
- $87,694