Civic Intelligence

Trinity Building Corporation

EIN 56-1058563 • 501(c)3 • Greensboro, NC

Profile

The entity provides affordable housing to low incomeindividuals.

809 Carrieland DriveGreensboro, NC 27405

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.32x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

7.80x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

22nd percentile

-7.8%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

28th percentile

$0

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

22nd percentile

-3.3%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

0.4%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$7,364,517

Down $248,650 (-3.3%) from 2023

Liabilities

Down

$9,703,892

Down $151,926 (-1.5%) from 2023

Net Assets

Down

-$2,339,375

Down $96,724 (-4.3%) from 2023

Revenue

Up

$1,243,982

Up $4,900 (+0.4%) from 2023

Expenses

Down

$1,340,706

Down $3,580 (-0.3%) from 2023

Net Income

Up

-$96,724

Up $8,480 (+8.1%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2011: $1,519,017Liabilities 2011: $1,827,121Net Assets 2011: -$308,1042011Assets 2012: $1,447,743Liabilities 2012: $1,686,914Net Assets 2012: -$239,1712012Assets 2013: $1,360,250Liabilities 2013: $1,564,312Net Assets 2013: -$204,0622013Assets 2014: $1,321,864Liabilities 2014: $1,534,140Net Assets 2014: -$212,2762014Assets 2015: $4,151,256Liabilities 2015: $4,403,135Net Assets 2015: -$251,8792015Assets 2016: $8,098,790Liabilities 2016: $8,481,953Net Assets 2016: -$383,1632016Assets 2017: $8,924,438Liabilities 2017: $10,255,131Net Assets 2017: -$1,330,6932017Assets 2018: $8,902,411Liabilities 2018: $10,449,909Net Assets 2018: -$1,547,4982018Assets 2019: $8,562,106Liabilities 2019: $10,324,800Net Assets 2019: -$1,762,6942019Assets 2020: $8,293,983Liabilities 2020: $10,222,564Net Assets 2020: -$1,928,5812020Assets 2021: $8,043,816Liabilities 2021: $10,116,166Net Assets 2021: -$2,072,3502021Assets 2022: $7,852,604Liabilities 2022: $9,990,051Net Assets 2022: -$2,137,4472022Assets 2023: $7,613,167Liabilities 2023: $9,855,818Net Assets 2023: -$2,242,6512023Assets 2024: $7,364,517Liabilities 2024: $9,703,892Net Assets 2024: -$2,339,3752024

Highlighted filing

2024

Assets$7,364,517
Liabilities$9,703,892
Net Assets-$2,339,375

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $712,381Expenses 2011: $712,882Net Income 2011: -$5012011Revenue 2012: $755,204Expenses 2012: $686,271Net Income 2012: $68,9332012Revenue 2013: $751,243Expenses 2013: $716,134Net Income 2013: $35,1092013Revenue 2014: $689,907Expenses 2014: $698,121Net Income 2014: -$8,2142014Revenue 2015: $655,134Expenses 2015: $694,737Net Income 2015: -$39,6032015Revenue 2016: $613,932Expenses 2016: $768,859Net Income 2016: -$154,9272016Revenue 2017: $149,894Expenses 2017: $1,097,424Net Income 2017: -$947,5302017Revenue 2018: $1,197,770Expenses 2018: $1,414,575Net Income 2018: -$216,8052018Revenue 2019: $1,179,310Expenses 2019: $1,380,732Net Income 2019: -$201,4222019Revenue 2020: $1,167,938Expenses 2020: $1,333,825Net Income 2020: -$165,8872020Revenue 2021: $1,181,874Expenses 2021: $1,325,643Net Income 2021: -$143,7692021Revenue 2022: $1,214,862Expenses 2022: $1,279,959Net Income 2022: -$65,0972022Revenue 2023: $1,239,082Expenses 2023: $1,344,286Net Income 2023: -$105,2042023Revenue 2024: $1,243,982Expenses 2024: $1,340,706Net Income 2024: -$96,7242024

Highlighted filing

2024

Revenue$1,243,982
Expenses$1,340,706
Net Income-$96,724

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.36$9.70$2.34$1.24$1.34$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.61$9.86$2.24$1.24$1.34$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.85$9.99$2.14$1.21$1.28$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.04$10.1$2.07$1.18$1.33$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.29$10.2$1.93$1.17$1.33$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.56$10.3$1.76$1.18$1.38$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.90$10.4$1.55$1.20$1.41$0.22
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.92$10.3$1.33$0.15$1.10$0.95
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.10$8.48$0.38$0.61$0.77$0.15
2015Detailed filing. Detailed filing data is available for this year.$4.15$4.40$0.25$0.66$0.69$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.32$1.53$0.21$0.69$0.70$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.36$1.56$0.20$0.75$0.72$0.04
2012Summary only. Only limited summary data is available for this year.$1.45$1.69$0.24$0.76$0.69$0.07
2011Summary only. Only limited summary data is available for this year.$1.52$1.83$0.31$0.71$0.71$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 3, 2025
Return Version
2024v5.2
Gross Receipts
$1,243,982
Mission and Program Overview

Mission

The entity provides affordable housing to low incomeindividuals.

The entity provides affordable housing to low income individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,633,691$6,362,407▼ $271,284
Savings and Temporary Cash Investments$588,699$638,920▲ $50,221
Intangible Assets$224,371$217,657▼ $6,714
Prepaid Expenses and Deferred Charges$57,808$64,242▲ $6,434
Cash and Non-Interest-Bearing Accounts$72,705$61,523▼ $11,182
Accounts Receivable$35,893$19,768▼ $16,125
Total Assets$7,613,167$7,364,517▼ $248,650
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,451,778$9,302,996▼ $148,782
Other Liabilities$325,115$342,447▲ $17,332
Accounts Payable and Accrued Expenses$53,723$39,489▼ $14,234
Deferred Revenue$25,202$18,960▼ $6,242
Total Liabilities$9,855,818$9,703,892▼ $151,926
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,242,651$-2,339,375▼ $96,724
Total Net Assets Fund Balance$-2,242,651$-2,339,375▼ $96,724
Total Liabilities and Net Assets / Fund Balance$7,613,167$7,364,517▼ $248,650

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,744,391$3,316,458$9,060,849
Equipment$104,240$556,872$661,112
Other Land Buildings$287,176$215,781$502,957
Land$226,600-$226,600
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$111,760
Program Service Revenue
$1,128,464
Investment Income
$3,165
Other Revenue
$593
Change in Net Assets
$-96,724

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,243,982
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,243,982
Total Revenue per Form 990
$1,243,982
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,340,706
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$277,998--$277,998
Interest$248,342--$248,342
All Other Expenses$156,843$14,762-$171,605
Occupancy$152,472--$152,472
Fees for Services Management$97,100--$97,100
Insurance$78,040--$78,040
Other Expenses$50,726--$50,726
Fees for Services Accounting-$39,422-$39,422
Office Expenses$16,983--$16,983
Fees for Services Legal$1,036--$1,036
Total Functional Expenses$1,286,522$54,184$0$1,340,706

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,340,706
Total Expenses per Audited Statements$1,340,706
Total Expenses per Form 990$1,340,706
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Accrued Interest - Flex Loan$261,244
Tenant Security Deposits$81,203
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The board of directors has delegated the management of the rental apartments to presken management, llc. The affordable housing apartment complex is regulated by the u.s. Department of housing and urban development as to rent charges and operating methods. The management company was chosen due to its experience in management under these guidelines.

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is presented to the board members prior to being filed.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Trinity Building Corporation
EIN
56-1058563
Phone
9803762238
Address
809 CARRIELAND DRIVE, GREENSBORO, NC 27405
Doing Business As
Trinity Garden Apartments

Signing Officer

Name
Dr David Carmon
Title
Chairman
Phone
3366746889
Signed
2025-07-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr David Carmon
Formed
1970
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
12

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Casey H Patterson
Phone
3362944494
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Mortgage insurance premium: program service expenses 36,383. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,383. Supplies: program service expenses 29,662. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,662. Security contract: program service expenses 28,570. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,570. Payroll tax reimbursement: program service expenses 25,085. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,085. Garbage & trash removal: program service expenses 22,696. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,696. Misc. Administrative expenses: program service expenses 0. Management and general expenses 14,762. Fundraising expenses 0. Total expenses 14,762. Other renting expenses: program service expenses 11,447. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,447. Bad debts: program service expenses 2,971. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,971. Miscellaneous financial expenses: program service expenses 29. Management and general expenses 0. Fundraising expenses 0. Total expenses 29.

Financial Statement Notes

PART X, LINE 2:

It is the organization's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for the year ended december 31, 2024.

Raw XML AppendixShowing 400 of 468 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/IntangibleAssetsGrp/EOYAmt0217657
IRS990/InterestGrp/ProgramServicesAmt0248342
IRS990/InterestGrp/TotalAmt0248342
IRS990/InvestmentIncomeGrp/ExclusionAmt03165
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03165
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04089111
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06633691
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06362407
IRS990/LandBldgEquipCostOrOtherBssAmt010451518
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ENTITY PROVIDES AFFORDABLE HOUSING TO LOW INCOMEINDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt09451778
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt09302996
IRS990/NetAssetsOrFundBalancesBOYAmt0-2242651
IRS990/NetAssetsOrFundBalancesEOYAmt0-2339375
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-2242651
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2339375
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0152472
IRS990/OccupancyGrp/TotalAmt0152472
IRS990/OfficeExpensesGrp/ProgramServicesAmt016983
IRS990/OfficeExpensesGrp/TotalAmt016983
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PAYROLL REIMBURSEMENT
IRS990/OtherExpensesGrp/Desc1CONTRACTS
IRS990/OtherExpensesGrp/Desc2MANAGER SALARIES REIMBU
IRS990/OtherExpensesGrp/Desc3OFFICE SALARIES REIMBUR
IRS990/OtherExpensesGrp/ProgramServicesAmt083049
IRS990/OtherExpensesGrp/ProgramServicesAmt163781
IRS990/OtherExpensesGrp/ProgramServicesAmt260152
IRS990/OtherExpensesGrp/ProgramServicesAmt350726
IRS990/OtherExpensesGrp/TotalAmt083049
IRS990/OtherExpensesGrp/TotalAmt163781
IRS990/OtherExpensesGrp/TotalAmt260152
IRS990/OtherExpensesGrp/TotalAmt350726
IRS990/OtherLiabilitiesGrp/BOYAmt0325115
IRS990/OtherLiabilitiesGrp/EOYAmt0342447
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0593
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0593
IRS990/OtherRevenueTotalAmt0593
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt057808
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt064242
IRS990/PrincipalOfficerNm0DR DAVID CARMON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01115805
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112659
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01115805
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112659
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0105045
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02593
IRS990/PYOtherExpensesAmt01344286
IRS990/PYOtherRevenueAmt050
IRS990/PYProgramServiceRevenueAmt01131394
IRS990/PYRevenuesLessExpensesAmt0-105204
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01344286
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01239082
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-96724
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01129057
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0588699
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0638920
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0111760
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0105045
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0101259
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0103529
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt099488
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0521081
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03165
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02593
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0595
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0346
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0787
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07486
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01129057
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01131444
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01113008
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01077999
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01067663
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05519171
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03165
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02593
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0595
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0346
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0787
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07486
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99880
IRS990ScheduleA/PublicSupportPY509Pct00.99910
IRS990ScheduleA/PublicSupportTotal509Amt06040252
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01240817
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01236489
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01214267
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01181528
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01167151
IRS990ScheduleA/Total509Grp/TotalAmt06040252
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01243982
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01239082
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01214862
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01181874
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01167938
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06047738
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt05744391
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03316458
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09060849
IRS990ScheduleD/EquipmentGrp/BookValueAmt0104240
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0556872
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0661112
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01340706
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0226600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0226600
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0287176
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0215781
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0502957
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt081203
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1261244
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST - FLEX LOAN
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01243982
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR THE YEAR ENDED DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06362407
IRS990ScheduleD/TotalExpensesPerForm990Amt01340706
IRS990ScheduleD/TotalLiabilityAmt0342447
IRS990ScheduleD/TotalRevenuePerForm990Amt01243982
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01243982
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01340706
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS HAS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO PRESKEN MANAGEMENT, LLC. THE AFFORDABLE HOUSING APARTMENT COMPLEX IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE MANAGEMENT COMPANY WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PRESENTED TO THE BOARD MEMBERS PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MORTGAGE INSURANCE PREMIUM: PROGRAM SERVICE EXPENSES 36,383. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,383. SUPPLIES: PROGRAM SERVICE EXPENSES 29,662. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,662. SECURITY CONTRACT: PROGRAM SERVICE EXPENSES 28,570. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,570. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 25,085. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,085. GARBAGE & TRASH REMOVAL: PROGRAM SERVICE EXPENSES 22,696. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,696. MISC. ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 14,762. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,762. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 11,447. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,447. BAD DEBTS: PROGRAM SERVICE EXPENSES 2,971. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,971. MISCELLANEOUS FINANCIAL EXPENSES: PROGRAM SERVICE EXPENSES 29. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07613167
IRS990/TotalAssetsEOYAmt07364517
IRS990/TotalAssetsGrp/BOYAmt07613167

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