Civic Intelligence

Scott Hill Incorporated

990 • Fiscal year 2015 • EIN 54-1169956

Feb 01, 2014 to Jan 31, 2015 • Filed on Mar 25, 2015

3333 Peters Creek RdRoanoke, VA 24019

(540) 563-1058

Siviq Scores

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

Liabilities / Assets

97th percentile

1.67x

Higher debt load relative to assets than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

93rd percentile

3.68x

Higher debt load relative to revenue than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

45th percentile

1.2%

Higher net margin than 45% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

13th percentile

-9.6%

Faster asset growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

31st percentile

-3.6%

Faster revenue growth than 31% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,350,125

Down $355,291 (-9.6%) from 2014

Net Assets

Down

-$2,238,854

Down $209,464 (-10%) from 2014

Liabilities

Down

$5,588,979

Down $145,827 (-2.5%) from 2014

Revenue

Down

$1,516,992

Down $56,776 (-3.6%) from 2014

Expenses

Down

$1,499,269

Down $91,364 (-5.7%) from 2014

Net Income

Up

$17,723

Up $34,588 (+205%) from 2014

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2012: $3,915,629Liabilities 2012: $5,845,065Net Assets 2012: -$1,929,4362012Assets 2013: $3,797,232Liabilities 2013: $5,809,757Net Assets 2013: -$2,012,5252013Assets 2014: $3,705,416Liabilities 2014: $5,734,806Net Assets 2014: -$2,029,3902014Assets 2015: $3,350,125Liabilities 2015: $5,588,979Net Assets 2015: -$2,238,8542015Assets 2016: $3,218,799Liabilities 2016: $5,459,348Net Assets 2016: -$2,240,5492016Assets 2017: $3,161,629Liabilities 2017: $5,381,258Net Assets 2017: -$2,219,6292017Assets 2018: $3,178,981Liabilities 2018: $5,349,456Net Assets 2018: -$2,170,4752018Assets 2019: $3,083,565Liabilities 2019: $5,191,785Net Assets 2019: -$2,108,2202019Assets 2020: $2,935,003Liabilities 2020: $5,006,722Net Assets 2020: -$2,071,7192020Assets 2021: $2,764,114Liabilities 2021: $4,826,623Net Assets 2021: -$2,062,5092021Assets 2022: $2,683,682Liabilities 2022: $4,698,033Net Assets 2022: -$2,014,3512022Assets 2023: $2,406,440Liabilities 2023: $4,508,917Net Assets 2023: -$2,102,4772023Assets 2024: $2,412,096Liabilities 2024: $4,361,267Net Assets 2024: -$1,949,1712024Assets 2025: $2,286,919Liabilities 2025: $4,150,437Net Assets 2025: -$1,863,5182025

Highlighted filing

2015

Assets$3,350,125
Liabilities$5,588,979
Net Assets-$2,238,854

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2012: $1,481,663Expenses 2012: $1,644,238Net Income 2012: -$162,5752012Revenue 2013: $1,459,101Expenses 2013: $1,542,190Net Income 2013: -$83,0892013Revenue 2014: $1,573,768Expenses 2014: $1,590,633Net Income 2014: -$16,8652014Revenue 2015: $1,516,992Expenses 2015: $1,499,269Net Income 2015: $17,7232015Revenue 2016: $1,519,262Expenses 2016: $1,520,957Net Income 2016: -$1,6952016Revenue 2017: $1,643,450Expenses 2017: $1,622,529Net Income 2017: $20,9212017Revenue 2018: $1,689,974Expenses 2018: $1,640,820Net Income 2018: $49,1542018Revenue 2019: $1,731,525Expenses 2019: $1,669,270Net Income 2019: $62,2552019Revenue 2020: $1,746,290Expenses 2020: $1,709,789Net Income 2020: $36,5012020Revenue 2021: $1,703,692Expenses 2021: $1,694,482Net Income 2021: $9,2102021Revenue 2022: $1,770,106Expenses 2022: $1,721,946Net Income 2022: $48,1602022Revenue 2023: $1,794,281Expenses 2023: $1,882,410Net Income 2023: -$88,1292023Revenue 2024: $1,921,268Expenses 2024: $1,767,962Net Income 2024: $153,3062024Revenue 2025: $1,970,304Expenses 2025: $1,884,651Net Income 2025: $85,6532025

Highlighted filing

2015

Revenue$1,516,992
Expenses$1,499,269
Net Income$17,723
Jump To
Filing Snapshot
Filing Period
Feb 1, 2014 to Jan 31, 2015
Signed
Mar 25, 2015
Return Version
2014v5.0
Gross Receipts
$1,527,412
Mission and Program Overview

Mission

The exempt purpose of scott hill, inc. Is to provide housing for the elderly and handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,935,581$2,800,317▼ $135,264
Savings and Temporary Cash Investments$125,084$59,975▼ $65,109
Accounts Receivable$14,255$12,792▼ $1,463
Prepaid Expenses and Deferred Charges$24,795$11,686▼ $13,109
Intangible Assets$227,187$2,911▼ $224,276
Inventories for Sale or Use$2,851$2,851→ $0
Cash and Non-Interest-Bearing Accounts$275$375▲ $100
Total Assets$3,705,416$3,350,125▼ $355,291
Other Assets Total$375,388$459,218▲ $83,830
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,540,941$5,438,545▼ $102,396
Accounts Payable and Accrued Expenses$149,270$111,224▼ $38,046
Other Liabilities$40,798$35,553▼ $5,245
Deferred Revenue$3,797$3,657▼ $140
Total Liabilities$5,734,806$5,588,979▼ $145,827
Net Assets / Fund Balance
Unrestricted Net Assets$-2,029,390$-2,238,854▼ $209,464
Total Net Assets Fund Balance$-2,029,390$-2,238,854▼ $209,464
Total Liabilities and Net Assets / Fund Balance$3,705,416$3,350,125▼ $355,291

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,424,210$3,522,718$5,946,928
Equipment$292,611$295,642$588,253
Land$83,496-$83,496
Other Land Buildings$0$41,629$41,629
Other Assets Org$47,321--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nick MogaPresident
E Gordon JamesVice President
Alan Dale CraftBoard Member
James N GarciaBoard Member
John HillertBoard Member
Noel BeachBoard Member
Sam ClarkBoard Member
Wade EvansBoard Member
Mary CantrellSecretary
James C DrewryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Coordinated Services ManagementManagement Fee/financial Accounting Fee3333 PETERS CREEK RD, Roanoke, VA 24019$103,640
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,527,088
Investment Income
$-10,096
Other Revenue
$0
Change in Net Assets
$17,723

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,516,992
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,516,992
Total Revenue per Form 990
$1,516,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,195,019
Salaries, Compensation, and Employee Benefits$304,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$294,823--$294,823
Other Salaries and Wages$159,110$87,483-$246,593
Interest$242,919--$242,919
Occupancy$151,605--$151,605
Fees for Services Management-$91,040-$91,040
All Other Expenses$60,263$13,714-$73,977
Insurance$66,416--$66,416
Office Expenses$33,284$10,799-$44,083
Other Employee Benefits$26,567$14,608-$41,175
Advertising-$34,527-$34,527
Other Expenses$24,312--$24,312
Fees for Services Accounting-$22,500-$22,500
Payroll Taxes$10,635$5,847-$16,482
Travel$6,237--$6,237
Fees for Services Legal-$5,738-$5,738
Information Technology$1,740--$1,740
Total Functional Expenses$1,213,013$286,256$0$1,499,269

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,726,456
Expenses per Audited Statements$1,499,269
Total Expenses per Form 990$1,499,269
Expenses Not Reported on Form 990$227,187
Expenses Not Reported on Financial Statements$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Deposits Held in Trust$35,553
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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

The corporation pays a monthly management fee equal to 6.25% of gross receipts to an independent management agent. In addition, the corporation paid the management agent a financial accounting fee equal to $7.50 per dwelling unit per month. The current management contract is automatically renewed annually unless either party elects to terminate the agreement at the end of any annual period.

Form 990, Part VI, Section A, Line 4

The bylaws were changed during the prior year year, specifically as it relates to the terms of directors. Under the revised bylaws their term shall expire when their successors have been elected and have been duly qualified according to the identified staggered terms. The term of office for each director after the initial term shall be fixed for 3 years. The directors shall hold office until their successors have been elected and qualified. In addition, if a quorom is not present, the board of directors may poll absent members to affirm actions taken.

Form 990, Part VI, Section B, Line 11

It is the practice of the independent auditor to present the form 990 to the entire board of directors and to explain in detail each part of the form 990, prior to its filing. During this meeting, the board is given the opportunity to ask questions related to items presented on the form 990.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed with the board at one of the board meetings held throughout the year. Any conflicts of interest are identified and required to be disclosed immediately.

Form 990, Part VI, Section B, Line 15

As part of the annual budgeting process, all salaries are reviewed for reasonableness and all changes are approved by the board.

Form 990, Part VI, Section C, Line 19

The organization makes their conflict of interest policy and financial statements available to the public upon request. The organizataion does not make public its governing documents.

Filing and Contact Details

Filer

Filer Name
Scott Hill Inc
EIN
54-1169956
Phone
5405631058
Address
3333 PETERS CREEK RD, ROANOKE, VA 24019

Signing Officer

Name
Nick Moga
Title
President
Phone
5405634565
Signed
2015-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick Moga
Formed
1981
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
12
Volunteers
8

Preparer

Firm
Brown Edwards & Co Llp
Address
319 MCCLANAHAN ST SW, ROANOKE, VA 24014
Preparer
John Aldridge
Phone
5403450936
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Loss on loan modification -227,187.

FORM 990, PART XII, LINE 2C:

This process is unchanged from prior year.

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Loss on modification of debt 227,187.

Raw XML AppendixShowing 400 of 507 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
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IRS990/MissionDesc0THE EXEMPT PURPOSE OF SCOTT HILL, INC. IS TO PROVIDE HOUSING FOR THE ELDERLY AND HANDICAPPED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05540941
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05438545
IRS990/NetAssetsOrFundBalancesBOYAmt0-2029390
IRS990/NetAssetsOrFundBalancesEOYAmt0-2238854
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-10420
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-10420
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0151605
IRS990/OccupancyGrp/TotalAmt0151605
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010799
IRS990/OfficeExpensesGrp/ProgramServicesAmt033284
IRS990/OfficeExpensesGrp/TotalAmt044083
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0375388
IRS990/OtherAssetsTotalGrp/EOYAmt0459218
IRS990/OtherChangesInNetAssetsAmt0-227187
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt014608
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt026567
IRS990/OtherEmployeeBenefitsGrp/TotalAmt041175
IRS990/OtherExpensesGrp/Desc0ELEVATOR MAINTENANCE
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2REPAIRS MATERIALS
IRS990/OtherExpensesGrp/Desc3REPAIRS CONTRACT
IRS990/OtherExpensesGrp/ProgramServicesAmt056643
IRS990/OtherExpensesGrp/ProgramServicesAmt148888
IRS990/OtherExpensesGrp/ProgramServicesAmt229571
IRS990/OtherExpensesGrp/ProgramServicesAmt324312
IRS990/OtherExpensesGrp/TotalAmt056643
IRS990/OtherExpensesGrp/TotalAmt148888
IRS990/OtherExpensesGrp/TotalAmt229571
IRS990/OtherExpensesGrp/TotalAmt324312
IRS990/OtherLiabilitiesGrp/BOYAmt040798
IRS990/OtherLiabilitiesGrp/EOYAmt035553
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt087483
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0159110
IRS990/OtherSalariesAndWagesGrp/TotalAmt0246593
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05847
IRS990/PayrollTaxesGrp/ProgramServicesAmt010635
IRS990/PayrollTaxesGrp/TotalAmt016482
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024795
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011686
IRS990/PrincipalOfficerNm0NICK MOGA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL ASSIST. PAYMENT
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc2SERVICE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3COMMERCIAL RENT
IRS990/ProgramServiceRevenueGrp/Desc4MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01033872
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1375108
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt298701
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt312030
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt47377
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01033872
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1375108
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt298701
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312030
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt47377
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-5955
IRS990/PYOtherExpensesAmt01308073
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01579723
IRS990/PYRevenuesLessExpensesAmt0-16865
IRS990/PYSalariesCompEmpBnftPaidAmt0282560
IRS990/PYTotalExpensesAmt01590633
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01573768
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt017723
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01516992
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0125084
IRS990/SavingsAndTempCashInvstGrp/EOYAmt059975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01033872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01082270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01055043
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01018858
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01021397
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05211440
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0324
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0266
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0357
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02654
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0938
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04539
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01741767
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0106078
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0114112
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0107512
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0125513
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0134453
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0587668
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89800
IRS990ScheduleA/PublicSupportPY170Pct00.89300
IRS990ScheduleA/PublicSupportTotal170Amt05211440
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01033872
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01082270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01055043
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01018858
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01021397
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05211440
IRS990ScheduleA/TotalSupportAmt05803647
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02424210
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03522718
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05946928
IRS990ScheduleD/EquipmentGrp/BookValueAmt0292611
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0295642
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0588253
IRS990ScheduleD/ExpensesNotReportedAmt0227187
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01499269
IRS990ScheduleD/LandGrp/BookValueAmt083496
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt083496
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0374499
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt137398
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt247321
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt0227187
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt041629
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt041629
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt035553
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01516992
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON MODIFICATION OF DEBT 227,187.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02800317
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0459218
IRS990ScheduleD/TotalExpensesPerForm990Amt01499269
IRS990ScheduleD/TotalLiabilityAmt035553
IRS990ScheduleD/TotalRevenuePerForm990Amt01516992
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01516992
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01726456
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION PAYS A MONTHLY MANAGEMENT FEE EQUAL TO 6.25% OF GROSS RECEIPTS TO AN INDEPENDENT MANAGEMENT AGENT. IN ADDITION, THE CORPORATION PAID THE MANAGEMENT AGENT A FINANCIAL ACCOUNTING FEE EQUAL TO $7.50 PER DWELLING UNIT PER MONTH. THE CURRENT MANAGEMENT CONTRACT IS AUTOMATICALLY RENEWED ANNUALLY UNLESS EITHER PARTY ELECTS TO TERMINATE THE AGREEMENT AT THE END OF ANY ANNUAL PERIOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BYLAWS WERE CHANGED DURING THE PRIOR YEAR YEAR, SPECIFICALLY AS IT RELATES TO THE TERMS OF DIRECTORS. UNDER THE REVISED BYLAWS THEIR TERM SHALL EXPIRE WHEN THEIR SUCCESSORS HAVE BEEN ELECTED AND HAVE BEEN DULY QUALIFIED ACCORDING TO THE IDENTIFIED STAGGERED TERMS. THE TERM OF OFFICE FOR EACH DIRECTOR AFTER THE INITIAL TERM SHALL BE FIXED FOR 3 YEARS. THE DIRECTORS SHALL HOLD OFFICE UNTIL THEIR SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED. IN ADDITION, IF A QUOROM IS NOT PRESENT, THE BOARD OF DIRECTORS MAY POLL ABSENT MEMBERS TO AFFIRM ACTIONS TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IT IS THE PRACTICE OF THE INDEPENDENT AUDITOR TO PRESENT THE FORM 990 TO THE ENTIRE BOARD OF DIRECTORS AND TO EXPLAIN IN DETAIL EACH PART OF THE FORM 990, PRIOR TO ITS FILING. DURING THIS MEETING, THE BOARD IS GIVEN THE OPPORTUNITY TO ASK QUESTIONS RELATED TO ITEMS PRESENTED ON THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD AT ONE OF THE BOARD MEETINGS HELD THROUGHOUT THE YEAR. ANY CONFLICTS OF INTEREST ARE IDENTIFIED AND REQUIRED TO BE DISCLOSED IMMEDIATELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AS PART OF THE ANNUAL BUDGETING PROCESS, ALL SALARIES ARE REVIEWED FOR REASONABLENESS AND ALL CHANGES ARE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES THEIR CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATAION DOES NOT MAKE PUBLIC ITS GOVERNING DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LOSS ON LOAN MODIFICATION -227,187.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THIS PROCESS IS UNCHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.29$4.15$1.86$1.97$1.88$0.09
2024Detailed filing. Detailed filing data is available for this year.$2.41$4.36$1.95$1.92$1.77$0.15
2023Detailed filing. Detailed filing data is available for this year.$2.41$4.51$2.10$1.79$1.88$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.68$4.70$2.01$1.77$1.72$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.76$4.83$2.06$1.70$1.69$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.94$5.01$2.07$1.75$1.71$0.04
2019Detailed filing. Detailed filing data is available for this year.$3.08$5.19$2.11$1.73$1.67$0.06
2018Detailed filing. Detailed filing data is available for this year.$3.18$5.35$2.17$1.69$1.64$0.05
2017Detailed filing. Detailed filing data is available for this year.$3.16$5.38$2.22$1.64$1.62$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.22$5.46$2.24$1.52$1.52$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.35$5.59$2.24$1.52$1.50$0.02
2014Summary only. Only limited summary data is available for this year.$3.71$5.73$2.03$1.57$1.59$0.02
2013Summary only. Only limited summary data is available for this year.$3.80$5.81$2.01$1.46$1.54$0.08
2012Summary only. Only limited summary data is available for this year.$3.92$5.85$1.93$1.48$1.64$0.16
Peer Organizations

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