Civic Intelligence

Lee Gardens Housing Corporation

990 • Fiscal year 2013 • EIN 54-1516042

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 12, 2014

Organization ProfileWWW.AHCINC.ORG
2230 North Fairfax Drive No 100Arlington, VA 22201

(703) 486-0626

Siviq Scores

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

Liabilities / Assets

97th percentile

1.22x

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

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

92nd percentile

4.23x

Higher debt load relative to revenue than 92% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

59th percentile

5.6%

Higher net margin than 59% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

81st percentile

$324,463

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

32nd percentile

-0.5%

Faster asset growth than 32% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

44th percentile

2.1%

Faster revenue growth than 44% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$21,172,452

Down $102,947 (-0.5%) from 2012

Net Assets

Up

-$4,763,613

Up $342,679 (+6.7%) from 2012

Liabilities

Down

$25,936,065

Down $445,626 (-1.7%) from 2012

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin59th percentile

Revenue

$6,131,408

No earlier filing loaded for comparison.

Expenses

Down

$5,789,711

Down $279,889 (-4.6%) from 2012

Net Income

$341,697

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$60M$40M$20M$0-$20MAssets 2011: $20,841,764Liabilities 2011: $25,834,401Net Assets 2011: -$4,992,6372011Assets 2012: $21,275,399Liabilities 2012: $26,381,691Net Assets 2012: -$5,106,2922012Assets 2013: $21,172,452Liabilities 2013: $25,936,065Net Assets 2013: -$4,763,6132013Assets 2014: $28,576,726Liabilities 2014: $21,072,628Net Assets 2014: $7,504,0982014Assets 2015: $23,693,735Liabilities 2015: $19,342,020Net Assets 2015: $4,351,7152015Assets 2016: $24,776,732Liabilities 2016: $19,342,019Net Assets 2016: $5,434,7132016Assets 2017: $25,912,854Liabilities 2017: $19,342,019Net Assets 2017: $6,570,8352017Assets 2018: $27,101,235Liabilities 2018: $19,342,019Net Assets 2018: $7,759,2162018Assets 2019: $27,716,346Liabilities 2019: $19,344,712Net Assets 2019: $8,371,6342019Assets 2020: $27,590,263Liabilities 2020: $19,344,712Net Assets 2020: $8,245,5512020Assets 2021: $33,404,956Liabilities 2021: $23,713,754Net Assets 2021: $9,691,2022021Assets 2022: $40,000,237Liabilities 2022: $23,700,281Net Assets 2022: $16,299,9562022Assets 2023: $40,862,988Liabilities 2023: $23,070,566Net Assets 2023: $17,792,4222023Assets 2024: $41,308,697Liabilities 2024: $22,622,109Net Assets 2024: $18,686,5882024

Highlighted filing

2013

Assets$21,172,452
Liabilities$25,936,065
Net Assets-$4,763,613
Open 2013 Filing

Operations Trend

Revenue Growth44th percentile

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

$30M$20M$10M$0-$10MRevenue 2011: $5,880,837Expenses 2011: $5,184,837Net Income 2011: $696,0002011Expenses 2012: $6,069,6002012Revenue 2013: $6,131,408Expenses 2013: $5,789,711Net Income 2013: $341,6972013Revenue 2014: $26,097,330Expenses 2014: $13,829,619Net Income 2014: $12,267,7112014Revenue 2015: $1,451,117Expenses 2015: $4,603,500Net Income 2015: -$3,152,3832015Revenue 2016: $1,425,912Expenses 2016: $342,914Net Income 2016: $1,082,9982016Revenue 2017: $1,495,687Expenses 2017: $359,565Net Income 2017: $1,136,1222017Revenue 2018: $1,558,515Expenses 2018: $370,133Net Income 2018: $1,188,3822018Revenue 2019: $1,633,408Expenses 2019: $1,020,990Net Income 2019: $612,4182019Revenue 2020: $1,638,037Expenses 2020: $1,764,120Net Income 2020: -$126,0832020Revenue 2021: $2,498,487Expenses 2021: $2,196,925Net Income 2021: $301,5622021Revenue 2022: $2,872,714Expenses 2022: $2,324,674Net Income 2022: $548,0402022Revenue 2023: $2,944,714Expenses 2023: $1,455,542Net Income 2023: $1,489,1722023Revenue 2024: $3,041,267Expenses 2024: $2,149,157Net Income 2024: $892,1102024

Highlighted filing

2013

Revenue$6,131,408
Expenses$5,789,711
Net Income$341,697
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 12, 2014
Return Version
2013v3.0
Gross Receipts
$6,131,408
Mission and Program Overview

Mission

To assist in the operations of decent, safe, affordable housing for low-income persons.

To assist in the operations of decent, safe, affordable housing for low income persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,965,428$14,212,808▼ $752,620
Intangible Assets$2,516,306$2,362,484▼ $153,822
Cash and Non-Interest-Bearing Accounts$1,406,262$1,483,313▲ $77,051
Accounts Receivable$18,430$71,232▲ $52,802
Prepaid Expenses and Deferred Charges$27,551$24,301▼ $3,250
Total Assets$21,275,399$21,172,452▼ $102,947
Other Assets Total$2,341,422$3,018,314▲ $676,892
Liabilities
Tax Exempt Bond Liabilities$24,950,000$24,450,000▼ $500,000
Deferred Revenue$918,270$918,270→ $0
Accounts Payable and Accrued Expenses$226,117$247,612▲ $21,495
Escrow Account Liability$229,681$238,577▲ $8,896
Other Liabilities$57,623$81,606▲ $23,983
Total Liabilities$26,381,691$25,936,065▼ $445,626
Net Assets / Fund Balance
Unrestricted Net Assets$-5,106,292$-4,763,613▲ $342,679
Total Net Assets Fund Balance$-5,106,292$-4,763,613▲ $342,679
Total Liabilities and Net Assets / Fund Balance$21,275,399$21,172,452▼ $102,947

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,436,066$23,667,286$29,103,352
Land$8,317,822-$8,317,822
Equipment$457,814$319,676$777,490
Other Land Buildings$1,106$3,346$4,452
Other Assets Org$534,471--
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Walter WebdalePresident
Stephen SmithAsst Secretary
Pamela BenoitCFO

Highest Paid Contractors

ContractorServicesLocationCompensation
Collins & Kronstadt LLPProfessional Services - Redevelopment-$343,155
Ahc Management LLCProperty Management Fee-$232,044
Ahc INCFees-$197,528
Central Wholesalers INCSupplies, Repairs, Appliances-$161,005
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,128,166
Investment Income
$3,242
Other Revenue
$0
Change in Net Assets
$341,697

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,131,408
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$982
Total Revenue per Audited Statements
$6,132,390
Total Revenue per Form 990
$6,131,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,965,504
Grants and Similar Amounts Paid$1,260,140
Salaries, Compensation, and Employee Benefits$564,067
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,957,222--$1,957,222
Grants to Domestic Orgs$1,260,140--$1,260,140
Depreciation Depletion$1,162,802--$1,162,802
Other Salaries and Wages$463,265--$463,265
Fees for Services Management$232,044--$232,044
Fees for Services Other$197,528--$197,528
Other Employee Benefits$66,724--$66,724
Office Expenses$40,727--$40,727
Payroll Taxes$34,078--$34,078
Insurance$19,834--$19,834
Advertising$18,637--$18,637
Fees for Services Accounting-$11,000-$11,000
Information Technology$5,894--$5,894
Fees for Services Legal$439$5,372-$5,811
Other Expenses$2,682--$2,682
All Other Expenses$1,881--$1,881
Travel$467--$467
Total Functional Expenses$5,773,339$16,372$0$5,789,711

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,789,711
Total Expenses per Audited Statements$5,789,711
Total Expenses per Form 990$5,789,711
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
54-1026365-501(c)(3)To Provide Support for Continuing Operations$1,260,140
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
Prepaid Rent$81,604
Derivative Asset$2

Bond Issues

BondIssuerIssuedIssue PricePurpose
A52-13045102005-03-10$23,000,000Provide refinancing for multifamily residential rental development

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$23,000,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The corporation is obligated under the terms of a property management fee agreement with ahc management, llc, an affiliate, for services in connection with the management of the rental operations of the project. The terms of the agreement provide for a monthly management fee equal to 4.0% of effective gross income. The portion of the management fee in excess of 3.25% is referred to as excess management fee and is payable only after the payment of all operating expenses. The property managment fee and excess management fee for the year ended december 31, 2013 was $194,733 and $37,311, respectively.”

Form 990, Part VI, Section A, Line 7A

“In accordance with the bylaws and articles of incorporation of lee gardens housing corporation, the directors shall be elected annually by the board of directors of ahc, inc., a related party.”

Form 990, Part VI, Section B, Line 11

“The board reviews the form 990 and approves the form 990.”

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

“There is an annual acknowledgement of policy and vendor management process.”

Form 990, Part VI, Section C, Line 19

“These documents are available upon request.”

Filing and Contact Details

Filer

EIN
54-1516042
Phone
7034860626

Signing Officer

Name
Stephen Smith
Title
Vice President
Phone
7034860626
Signed
2014-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Smith
Formed
1987
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Preparer
Jeffrey M Kleeman
Phone
4103633200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Unrealized gain on derivative instrument 982.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

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 bond discount rate as of january 1 of each year. The amount of $279,421 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:

“The corporation is exempt from income taxes under section 501(c)(3) of the internal revenue code (the code), except for unrelated business income as defined in the code. The corporation did not have any unrelated business income during the years ended december 31, 2013 and 2012. Accordingly, no provision for income taxes has been included in the accompanying financial statements. Accordingly, the corporation has no tax positions that must be considered for disclosure.”

Raw XML AppendixShowing 400 of 1,312 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/ProgramServicesAmt066724
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066724
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1BOND FEES
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3RENTAL EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0200906
IRS990/OtherExpensesGrp/ProgramServicesAmt188831
IRS990/OtherExpensesGrp/ProgramServicesAmt219238
IRS990/OtherExpensesGrp/ProgramServicesAmt32682
IRS990/OtherExpensesGrp/TotalAmt0200906
IRS990/OtherExpensesGrp/TotalAmt188831
IRS990/OtherExpensesGrp/TotalAmt219238
IRS990/OtherExpensesGrp/TotalAmt32682
IRS990/OtherLiabilitiesGrp/BOYAmt057623
IRS990/OtherLiabilitiesGrp/EOYAmt081606
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0463265
IRS990/OtherSalariesAndWagesGrp/TotalAmt0463265
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt034078
IRS990/PayrollTaxesGrp/TotalAmt034078
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027551
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024301
IRS990/PrincipalOfficerNm0STEPHEN SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SUBSIDY RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc4OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05152328
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1673383
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2193109
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt372681
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt436665
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05152328
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1673383
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2193109
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt372681
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt436665
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0702955
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01403609
IRS990/PYInvestmentIncomeAmt01919
IRS990/PYOtherExpensesAmt04084122
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05239878
IRS990/PYRevenuesLessExpensesAmt0-124848
IRS990/PYSalariesCompEmpBnftPaidAmt0581869
IRS990/PYTotalExpensesAmt06069600
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05944752
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0341697
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06128166
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03242
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01919
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01047
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0789
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0767
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07764
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt06128166
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05942833
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05879790
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05543943
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05288779
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt028783511
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03242
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01919
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0789
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0767
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07764
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt028783511
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt06128166
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05942833
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05879790
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05543943
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05288779
IRS990ScheduleA/Total509Grp/TotalAmt028783511
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt06131408
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05944752
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05880837
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05544732
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05289546
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt028791275
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05436066
IRS990ScheduleD/BuildingsGrp/DepreciationAmt023667286
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt029103352
IRS990ScheduleD/EquipmentGrp/BookValueAmt0457814
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0319676
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0777490
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05789711
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt08317822
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08317822
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0982
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0279421
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1265175
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2355318
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3218641
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4240741
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5262185
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt6856499
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt75863
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt8534471
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW - RE. TAXES & INS.
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPL. RES. DEPOSITS IN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW - PRIN. RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4ESCROW - BOND FEES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5ESCROW - REHAB RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6ESCROW-RESTRICTED RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7OTHER ESCROWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01106
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03346
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04452
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt181604
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DERIVATIVE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID RENT
IRS990ScheduleD/RevenueNotReportedAmt0982
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06131408
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0VIRGINIA 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 BOND DISCOUNT RATE AS OF JANUARY 1 OF EACH YEAR. THE AMOUNT OF $279,421 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/ExplanationTxt1THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), EXCEPT FOR UNRELATED BUSINESS INCOME AS DEFINED IN THE CODE. THE CORPORATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME DURING THE YEARS ENDED DECEMBER 31, 2013 AND 2012. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. ACCORDINGLY, THE CORPORATION HAS NO TAX POSITIONS THAT MUST BE CONSIDERED FOR DISCLOSURE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014212808
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03018314
IRS990ScheduleD/TotalExpensesPerForm990Amt05789711
IRS990ScheduleD/TotalLiabilityAmt081606
IRS990ScheduleD/TotalRevenuePerForm990Amt06131408
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06132390
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05789711
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01260140
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE SUPPORT FOR CONTINUING OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10AHC INC
IRS990ScheduleI/RecipientTable/RecipientEIN0541026365
IRS990ScheduleI/RecipientTable/USAddress/AddressLine102230 NORTH FAIRFAX DRIVE
IRS990ScheduleI/RecipientTable/USAddress/City0ARLINGTON
IRS990ScheduleI/RecipientTable/USAddress/State0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode022201
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,172,452
Liabilities
$25,936,065
Net assets
-$4,763,613
Revenue
$6,131,408
Expenses
$5,789,711
Net income
$341,697
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.3$22.6$18.7$3.04$2.15$0.89
2023Detailed filing. Detailed filing data is available for this year.$40.9$23.1$17.8$2.94$1.46$1.49
2022Detailed filing. Detailed filing data is available for this year.$40.0$23.7$16.3$2.87$2.32$0.55
2021Detailed filing. Detailed filing data is available for this year.$33.4$23.7$9.69$2.50$2.20$0.30
2020Detailed filing. Detailed filing data is available for this year.$27.6$19.3$8.25$1.64$1.76$0.13
2019Detailed filing. Detailed filing data is available for this year.$27.7$19.3$8.37$1.63$1.02$0.61
2018Detailed filing. Detailed filing data is available for this year.$27.1$19.3$7.76$1.56$0.37$1.19
2017Detailed filing. Detailed filing data is available for this year.$25.9$19.3$6.57$1.50$0.36$1.14
2016Detailed filing. Detailed filing data is available for this year.$24.8$19.3$5.43$1.43$0.34$1.08
2015Detailed filing. Detailed filing data is available for this year.$23.7$19.3$4.35$1.45$4.60$3.15
2014Detailed filing. Detailed filing data is available for this year.$28.6$21.1$7.50$26.1$13.8$12.3
2013Detailed filing. Detailed filing data is available for this year.$21.2$25.9$4.76$6.13$5.79$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.3$26.4$5.11$6.07
2011Summary only. Only limited summary data is available for this year.$20.8$25.8$4.99$5.88$5.18$0.70