Civic Intelligence

Lee Gardens Housing Corporation

990 • Fiscal year 2022 • EIN 54-1516042

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

2230 North Fairfax Drive 100Arlington, VA 22201

(703) 486-0626

Siviq Scores

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

Liabilities / Assets

79th percentile

0.59x

Higher debt load relative to assets than 79% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

8.25x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

62nd percentile

$303,107

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

82nd percentile

20%

Faster asset growth than 82% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$40,000,237

Up $6,595,281 (+20%) from 2021

Net Assets

Up

$16,299,956

Up $6,608,754 (+68%) from 2021

Liabilities

Down

$23,700,281

Down $13,473 (-0.1%) from 2021

Revenue

Up

$2,872,714

Up $374,227 (+15%) from 2021

Expenses

Up

$2,324,674

Up $127,749 (+5.8%) from 2021

Net Income

Up

$548,040

Up $246,478 (+82%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$40,000,237
Liabilities$23,700,281
Net Assets$16,299,956

Operations Trend

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

2022

Revenue$2,872,714
Expenses$2,324,674
Net Income$548,040
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$2,872,714
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$27,810,125$34,543,656▲ $6,733,531
Land, Buildings, and Equipment, Net$5,229,878$5,050,401▼ $179,477
Cash and Non-Interest-Bearing Accounts$210,223$217,056▲ $6,833
Accounts Receivable$71,144$23,966▼ $47,178
Prepaid Expenses and Deferred Charges-$164-
Total Assets$33,404,956$40,000,237▲ $6,595,281
Other Assets Total$83,586$164,994▲ $81,408
Liabilities
Other Liabilities$23,624,563$23,648,795▲ $24,232
Escrow Account Liability$37,851$35,799▼ $2,052
Deferred Revenue$40,877$10,093▼ $30,784
Accounts Payable and Accrued Expenses$10,463$5,594▼ $4,869
Total Liabilities$23,713,754$23,700,281▼ $13,473
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,691,202$16,299,956▲ $6,608,754
Total Net Assets Fund Balance$9,691,202$16,299,956▲ $6,608,754
Total Liabilities and Net Assets / Fund Balance$33,404,956$40,000,237▲ $6,595,281

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,005,750$323,562$4,329,312
Land$889,045-$889,045
Other Land Buildings$122,892$70,688$193,580
Leasehold Improvements$32,714$32,200$64,914
Compensation and Service Providers

Employees

NameTitleOtherTotal
Susan CunninghamInterim President Until 06/22$143,693$143,693

Board Members and Trustees

NameTitle
Paul BernardPresident
Stephen SmithSr. Vice President Until 06/22
Alan GoldsteinVice President
Jennifer EndoSecretary
John WelshSecretary Until 7/22
Steve YeatmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,872,281
Investment Income
$433
Other Revenue
$0
Change in Net Assets
$548,040

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,872,714
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$6,060,714
Total Revenue per Audited Statements
$8,933,428
Total Revenue per Form 990
$2,872,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,098,519
Grants and Similar Amounts Paid$1,000,000
Salaries, Compensation, and Employee Benefits$226,155
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,000,000--$1,000,000
Occupancy$692,665--$692,665
Depreciation Depletion$242,999--$242,999
Other Salaries and Wages$206,245--$206,245
Fees for Services Management-$57,199-$57,199
Other Expenses$43,556--$43,556
Fees for Services Accounting-$24,920-$24,920
Other Employee Benefits$19,910--$19,910
Office Expenses$19,195--$19,195
Information Technology$9,771--$9,771
Advertising$8,207--$8,207
Travel$7--$7
Total Functional Expenses$2,242,555$82,119$0$2,324,674

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,324,674
Total Expenses per Audited Statements$2,324,674
Total Expenses per Form 990$2,324,674
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ahc IncArlington, VA501(c)(3)TO SUPPORT THE ORGANIZATION'S PROGRAM SERVICE ACCOMPLISHMENT.$1,000,000
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
Deferred Gain on Sale$19,342,020
Due to Related Parties$4,306,775
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No

Governance Explanations

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 11B

The board of directors reviews the form 990 and approves the form 990 prior to filing with the internal revenue service.

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

The organization monitors and enforces compliance through contracts management or self-disclosure, conflicts are identified, and related parties are excluded from the decision-making process.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lee Gardens Housing Corporation
EIN
54-1516042
Phone
7034860626
Address
2230 NORTH FAIRFAX DRIVE 100, ARLINGTON, VA 22201

Signing Officer

Name
Steve Yeatman
Title
CFO
Phone
7034860626
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Bernard
Formed
1987
Legal Domicile
Va
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Sc&h Group Inc
Address
910 RIDGEBROOK ROAD, SPARKS, MD 21152
Preparer
Travis Daniel
Phone
4104031500
Supplemental Narrative

Additional Explanations

FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE:

Repairs & maint. $ 107,074 utilities 152,242 mortgage interest 199,518 real estate taxes 117,375 contracts 63,322 insurance 53,134 total occupancy expense $ 692,665

FORM 990, PART IX, LINE 11A MANAGEMENT EXPENSE:

The corporation is obligated under the terms of a property management agreement with drucker & falk, llc, an unrelated party. The property management fee is based on 5.25% of residential income collected or $3,000, whichever is greater. Property management fees incurred for the year ended december 31, 2022 was $57,199.

FORM 990, PART XI, LINE 9:

Bad debt recovery - notes receivable - affiliates 6,060,714.

FORM 990, PAGE 12, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

The amount of $35,799 as of december 31, 2022 represents the escrow account of tenant security held in trust. Tenant security deposits are held in a federally insured bank per virginia rent escrow law.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Bad debt recovery 6,060,714.

Raw XML AppendixShowing 400 of 1,720 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt010463
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05594
IRS990/AccountsReceivableGrp/BOYAmt071144
IRS990/AccountsReceivableGrp/EOYAmt023966
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ASSIST IN THE OPERATIONS OF DECENT, SAFE, AFFORDABLE HOUSING FOR LOW-INCOME PERSONS.
IRS990/AdvertisingGrp/ProgramServicesAmt08207
IRS990/AdvertisingGrp/TotalAmt08207
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0STEVE YEATMAN CO AHC INC
IRS990/BooksInCareOfDetail/PhoneNum07034860626
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02230 NORTH FAIRFAX DRIVE SUITE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0ARLINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd022201
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0210223
IRS990/CashNonInterestBearingGrp/EOYAmt0217056
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt01000000
IRS990/CYInvestmentIncomeAmt0433
IRS990/CYOtherExpensesAmt01098519
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02872281
IRS990/CYRevenuesLessExpensesAmt0548040
IRS990/CYSalariesCompEmpBnftPaidAmt0226155
IRS990/CYTotalExpensesAmt02324674
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02872714
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt040877
IRS990/DeferredRevenueGrp/EOYAmt010093
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0242999
IRS990/DepreciationDepletionGrp/TotalAmt0242999
IRS990/Desc0ON APRIL 9, 2021, LEE GARDENS HOUSING CORPORATION ACQUIRED A MULTIFAMILY APARTMENT COMPLEX FROM KATE'S TRACE LIMITED PARTNERSHIP, AN AFFILIATE, WHICH CONSISTS OF 108 UNITS LOCATED IN NEWPORT NEWS, VIRGINIA AND OPERATES UNDER THE NAME OF KATE'S TRACE APARTMENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt037851
IRS990/EscrowAccountLiabilityGrp/EOYAmt035799
IRS990/ExpenseAmt01242555
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt024920
IRS990/FeesForServicesAccountingGrp/TotalAmt024920
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt057199
IRS990/FeesForServicesManagementGrp/TotalAmt057199
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt039.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt139.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt239.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt339.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt439.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt539.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt639.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt09516
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt17164
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt234227
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt427373
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt530003
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt621809
IRS990/Form990PartVIISectionAGrp/PersonNm0PAUL BERNARD
IRS990/Form990PartVIISectionAGrp/PersonNm1SUSAN CUNNINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm2ALAN GOLDSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm3STEPHEN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm4STEVE YEATMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5JENNIFER ENDO
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN WELSH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0224463
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1136529
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2258482
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3220882
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4275734
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5191624
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6206692
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1INTERIM PRESIDENT UNTIL 06/22
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SR. VICE PRESIDENT UNTIL 06/22
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY UNTIL 7/22
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01000000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01000000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02872714
IRS990/GroupExemptionNum03251
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt09771
IRS990/InformationTechnologyGrp/TotalAmt09771
IRS990/InvestmentIncomeGrp/ExclusionAmt0433
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0433
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0426450
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05229878
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05050401
IRS990/LandBldgEquipCostOrOtherBssAmt05476851
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ASSIST IN THE OPERATIONS OF DECENT, SAFE, AFFORDABLE HOUSING FOR LOW-INCOME PERSONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09691202
IRS990/NetAssetsOrFundBalancesEOYAmt016299956
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09691202
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt016299956
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0692665
IRS990/OccupancyGrp/TotalAmt0692665
IRS990/OfficeExpensesGrp/ProgramServicesAmt019195
IRS990/OfficeExpensesGrp/TotalAmt019195
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt083586
IRS990/OtherAssetsTotalGrp/EOYAmt0164994
IRS990/OtherChangesInNetAssetsAmt06060714
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019910
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019910
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt043556
IRS990/OtherExpensesGrp/TotalAmt043556
IRS990/OtherLiabilitiesGrp/BOYAmt023624563
IRS990/OtherLiabilitiesGrp/EOYAmt023648795
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0206245
IRS990/OtherSalariesAndWagesGrp/TotalAmt0206245
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt027810125
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt034543656
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0164
IRS990/PrincipalOfficerNm0PAUL BERNARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01712399
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11159882
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01712399
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11159882
IRS990/ProgSrvcAccomActy2Grp/Desc0LEE GARDENS HOUSING CORPORATION (LEE GARDENS) PROVIDED 364 RENTAL HOUSING UNITS FOR LOW/MODERATE INCOME FAMILIES THROUGH DECEMBER 5, 2014, WHEN THE ASSET WAS SOLD TO AN AFFILIATED ENTITY. LEE GARDENS PROVIDED A SELLER TAKE BACK NOTE WHICH MATURES DECEMBER 4, 2044.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01000000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01000000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01712399
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01000000
IRS990/PYInvestmentIncomeAmt0147
IRS990/PYOtherExpensesAmt01053205
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02498340
IRS990/PYRevenuesLessExpensesAmt0301562
IRS990/PYSalariesCompEmpBnftPaidAmt0143720
IRS990/PYTotalExpensesAmt02196925
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02498487
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0548040
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01159882
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0541026365
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01000000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0AHC INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01000000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04005750
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0323562
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04329312
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02324674
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0889045
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0889045
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt032714
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt032200
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt064914
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0122892
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt070688
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0193580
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019342020
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14306775
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED GAIN ON SALE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTIES
IRS990ScheduleD/OtherRevenueAmt06060714
IRS990ScheduleD/RevenueNotReportedAmt06060714
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02872714
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE AMOUNT OF $35,799 AS OF DECEMBER 31, 2022 REPRESENTS THE ESCROW ACCOUNT OF TENANT SECURITY HELD IN TRUST. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK PER VIRGINIA RENT ESCROW LAW.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BAD DEBT RECOVERY 6,060,714.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05050401
IRS990ScheduleD/TotalExpensesPerForm990Amt02324674
IRS990ScheduleD/TotalLiabilityAmt023648795
IRS990ScheduleD/TotalRevenuePerForm990Amt02872714
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08933428
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02324674
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01000000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE ORGANIZATION'S PROGRAM SERVICE ACCOMPLISHMENT.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AHC INC
IRS990ScheduleI/RecipientTable/RecipientEIN0541026365
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02230 NORTH FAIRFAX DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ARLINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022201
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0LEE GARDENS HOUSING CORPORATION WILL MAKE CHARITABLE DONATIONS TO AHC, INC., A RELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(3). LEE GARDENS HOUSING CORPORATION ACKNOWLEDGES THAT AHC, INC. PROMISES TO USE THE AMOUNT DONATED FOR THE PURPOSES SPECIFIED AND WILL CONSTITUTE FULL AND ADEQUATE CONSIDERATION FOR THE DONATION. LEE GARDENS HOUSING CORPORATION DOES NOT TYPICALLY AWARD OUTSIDE GRANTS TO OTHER ORGANIZATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt026000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt19141
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt415000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0249734
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1249341
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2224463
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3206692
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4176624
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt5220882
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt012665
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt116960
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt313198
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt412652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt014708

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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