Civic Intelligence

Covenant Village Inc.

990 • Fiscal year 2018 • EIN 56-1210103

Oct 01, 2017 to Sep 30, 2018 • Filed on Jan 08, 2019

Organization ProfileWWW.COVENANT-VILLAGE.ORG

View Organization Page

1351 Robinwood RoadGastonia, NC 28056

(704) 867-2319

Siviq Scores

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

Liabilities / Assets

77th percentile

0.62x

Higher debt load relative to assets than 77% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

1.11x

Higher debt load relative to revenue than 84% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Source year 2018

Net Margin

23rd percentile

-1.8%

Higher net margin than 23% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

74th percentile

$274,294

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2018 filings • NTEE P • $10M-$25M nonprofits • Source year 2018

Asset Growth

28th percentile

-1.7%

Faster asset growth than 28% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

25th percentile

-0.8%

Faster revenue growth than 25% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$21,000,186

Down $364,164 (-1.7%) from 2017

Net Assets

Down

$8,038,796

Down $39,750 (-0.5%) from 2017

Liabilities

Down

$12,961,390

Down $324,414 (-2.4%) from 2017

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin23rd percentile

Revenue

Down

$11,696,678

Down $92,457 (-0.8%) from 2017

Expenses

Down

$11,906,181

Down $165,563 (-1.4%) from 2017

Net Income

Up

-$209,503

Up $73,106 (+26%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$40M$30M$20M$10M$0Assets 2010: $21,621,061Liabilities 2010: $12,438,132Net Assets 2010: $9,182,9292010Assets 2011: $21,056,445Liabilities 2011: $12,637,420Net Assets 2011: $8,419,0252011Assets 2012: $21,211,481Liabilities 2012: $12,852,188Net Assets 2012: $8,359,2932012Assets 2013: $21,382,948Liabilities 2013: $13,182,879Net Assets 2013: $8,200,0692013Assets 2014: $20,849,619Liabilities 2014: $12,847,095Net Assets 2014: $8,002,5242014Assets 2015: $21,163,448Liabilities 2015: $13,091,100Net Assets 2015: $8,072,3482015Assets 2016: $21,140,849Liabilities 2016: $11,728,061Net Assets 2016: $9,412,7882016Assets 2017: $21,364,350Liabilities 2017: $13,285,804Net Assets 2017: $8,078,5462017Assets 2018: $21,000,186Liabilities 2018: $12,961,390Net Assets 2018: $8,038,7962018Assets 2019: $21,898,549Liabilities 2019: $14,003,344Net Assets 2019: $7,895,2052019Assets 2020: $23,579,147Liabilities 2020: $15,448,327Net Assets 2020: $8,130,8202020Assets 2021: $23,561,338Liabilities 2021: $13,916,538Net Assets 2021: $9,644,8002021Assets 2022: $24,815,314Liabilities 2022: $14,809,427Net Assets 2022: $10,005,8872022Assets 2023: $24,993,301Liabilities 2023: $17,594,252Net Assets 2023: $7,399,0492023Assets 2024: $32,416,398Liabilities 2024: $24,341,080Net Assets 2024: $8,075,3182024

Highlighted filing

2018

Assets$21,000,186
Liabilities$12,961,390
Net Assets$8,038,796
Open 2018 Filing

Operations Trend

Revenue Growth25th percentile

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

$20M$10M$0-$10MExpenses 2010: $9,841,3932010Expenses 2011: $10,164,2712011Expenses 2012: $10,318,0912012Expenses 2013: $10,782,1242013Revenue 2014: $10,800,334Expenses 2014: $11,184,766Net Income 2014: -$384,4322014Revenue 2015: $11,614,899Expenses 2015: $11,309,297Net Income 2015: $305,6022015Revenue 2016: $12,937,333Expenses 2016: $11,843,206Net Income 2016: $1,094,1272016Revenue 2017: $11,789,135Expenses 2017: $12,071,744Net Income 2017: -$282,6092017Revenue 2018: $11,696,678Expenses 2018: $11,906,181Net Income 2018: -$209,5032018Revenue 2019: $12,405,828Expenses 2019: $12,549,419Net Income 2019: -$143,5912019Revenue 2020: $13,615,774Expenses 2020: $13,380,159Net Income 2020: $235,6152020Revenue 2021: $15,543,339Expenses 2021: $14,029,359Net Income 2021: $1,513,9802021Revenue 2022: $14,664,679Expenses 2022: $14,303,592Net Income 2022: $361,0872022Revenue 2023: $14,366,418Expenses 2023: $17,431,770Net Income 2023: -$3,065,3522023Revenue 2024: $17,245,206Expenses 2024: $17,626,652Net Income 2024: -$381,4462024

Highlighted filing

2018

Revenue$11,696,678
Expenses$11,906,181
Net Income-$209,503
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jan 8, 2019
Return Version
2017v2.3
Gross Receipts
$11,747,524
Mission and Program Overview

Mission

Owns and operates a continuing care retirement community and provides nursing care, assisted living and services for the independent elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,717,056$14,254,957▼ $462,099
Investments Other Securities$5,124,273$5,552,146▲ $427,873
Savings and Temporary Cash Investments$1,269,069$928,679▼ $340,390
Inventories for Sale or Use$147,246$155,582▲ $8,336
Accounts Receivable$34,284$36,823▲ $2,539
Prepaid Expenses and Deferred Charges$24,418$29,899▲ $5,481
Other Notes and Loans Receivable, Net$21,954--
Cash and Non-Interest-Bearing Accounts$750--
Total Assets$21,364,350$21,000,186▼ $364,164
Other Assets Total$25,300$42,100▲ $16,800
Liabilities
Deferred Revenue$10,239,167$10,265,846▲ $26,679
Mortgage Notes Payable Secured by Investment Property$1,800,000$1,600,000▼ $200,000
Accounts Payable and Accrued Expenses$941,133$814,657▼ $126,476
Other Liabilities$305,504$280,887▼ $24,617
Total Liabilities$13,285,804$12,961,390▼ $324,414
Net Assets / Fund Balance
Unrestricted Net Assets$5,115,893$4,992,154▼ $123,739
Temporarily Rstr Net Assets$2,951,653$3,035,642▲ $83,989
Permanently Rstr Net Assets$11,000$11,000→ $0
Total Net Assets Fund Balance$8,078,546$8,038,796▼ $39,750
Total Liabilities and Net Assets / Fund Balance$21,364,350$21,000,186▼ $364,164

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,838,137$21,595,813$34,433,950
Equipment$816,583$2,335,253$3,151,836
Other Land Buildings$81,983$1,541,115$1,623,098
Land$518,254-$518,254
Other Securities$5,552,146--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Thomas P HauerExecutive DiFT$274,294$274,294
Thomas P HauerExecutive Director-$274,294$274,294
Douglas SatterfieldDirector of FoodFT$161,536$161,536
Douglas SatterfieldDirector of Food Service-$161,536$161,536

Board Members and Trustees

NameTitle
Robert PearsonPresident
Benjamin MorrowDirector
Braxton C EastDirector
David Smith IiiDirector
Nancy PaschallDirector
Steven YatesDirector
W Wade HussDirector
William Current JrDirector
Dale MeltonExec. Director 10
Betty LittlePres Residen
Carol CarstarphenSecretary
Timothy EfirdVP & Treasur
Revenue and Support

Revenue Composition

Contributions and Grants
$87,169
Program Service Revenue
$11,474,683
Investment Income
$134,826
Other Revenue
$0
All Other Contributions
$87,169
Change in Net Assets
$-209,503

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,696,678
Revenue Not Reported on Form 990
$169,753
Total Revenue per Audited Statements
$11,866,431
Total Revenue per Form 990
$11,696,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,536,598
Other Expenses$4,369,583
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,229,924$283,466-$5,513,390
Depreciation Depletion$1,226,219--$1,226,219
Other Employee Benefits$1,097,994$90,414-$1,188,408
All Other Expenses$438,711$75,407-$514,118
Payroll Taxes$403,642$35,546-$439,188
Current Officers, Directors, Trustees, and Key Employees$121,318$274,294-$395,612
Other Expenses$367,531$19,625-$387,156
Insurance-$181,524-$181,524
Fees for Services Legal-$59,955-$59,955
Interest-$51,501-$51,501
Fees for Services Accounting-$47,708-$47,708
Fees for Services Other$42,000--$42,000
Office Expenses$15,744$10,741-$26,485
Information Technology$15,063--$15,063
Fees for Service Investment Mgmnt Fees-$13,719-$13,719
Total Functional Expenses$10,688,690$1,217,491$0$11,906,181

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,906,181
Total Expenses per Audited Statements$11,906,181
Total Expenses per Form 990$11,906,181
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
Unit Deposits$110,000
Room Deposits$91,874
Resident Accounts$79,013
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is emailed to the finance committee members for approval before it is filed.”

Form 990, Page 6, Part VI, Line 15A

“Compensation is reviewed annually by the board of directors and comparability data is used in the process.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Covenant Village Inc
EIN
56-1210103
Phone
7048672319
Address
1351 ROBINWOOD ROAD, GASTONIA, NC 28056

Signing Officer

Name
Robert Pearson
Title
President
Phone
7048672319
Signed
2019-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Pearson
Formed
1977
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
289
Volunteers
12

Preparer

Firm
Mccannon Rogers Driscoll & Assoc Llp
Address
PO BOX 339, GASTONIA, NC 28053-0339
Preparer
Randy G Boyd
Phone
7048670264
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

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

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

“A collection of boehm bird figurines was donated to the organization and is on display in the hallway of the residence in glass exhibition cases for all of the residents to view and enjoy.”

Schedule D, Page 3, Part X

“Part x, line 2: accounting principles generally accepted in the united states of america require the organization's management to evaluate tax positions taken by the organization and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the organization and has concluded that as of september 30, 2018, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions. However, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2015.”

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IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InformationTechnologyGrp/TotalAmt015063
IRS990/InsuranceGrp/ManagementAndGeneralAmt0181524
IRS990/InsuranceGrp/TotalAmt0181524
IRS990/InterestGrp/ManagementAndGeneralAmt051501
IRS990/InterestGrp/TotalAmt051501
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt0155582
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IRS990/LandBldgEquipCostOrOtherBssAmt039727138
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt050846
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0OWNS AND OPERATES A CONTINUING CARE RETIREMENT COMMUNITY AND PROVIDES NURSING CARE, ASSISTED LIVING AND SERVICES FOR THE INDEPENDENT ELDERLY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01800000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01600000
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IRS990/NetAssetsOrFundBalancesEOYAmt08038796
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-50846
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-50846
IRS990/NetUnrlzdGainsLossesInvstAmt0169753
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010741
IRS990/OfficeExpensesGrp/ProgramServicesAmt015744
IRS990/OfficeExpensesGrp/TotalAmt026485
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025300
IRS990/OtherAssetsTotalGrp/EOYAmt042100
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt090414
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01097994
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01188408
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015491
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt158100
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt219625
IRS990/OtherExpensesGrp/ProgramServicesAmt0699610
IRS990/OtherExpensesGrp/ProgramServicesAmt1580087
IRS990/OtherExpensesGrp/ProgramServicesAmt2450847
IRS990/OtherExpensesGrp/ProgramServicesAmt3367531
IRS990/OtherExpensesGrp/TotalAmt0699610
IRS990/OtherExpensesGrp/TotalAmt1595578
IRS990/OtherExpensesGrp/TotalAmt2508947
IRS990/OtherExpensesGrp/TotalAmt3387156
IRS990/OtherLiabilitiesGrp/BOYAmt0305504
IRS990/OtherLiabilitiesGrp/EOYAmt0280887
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0283466
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05229924
IRS990/OtherSalariesAndWagesGrp/TotalAmt05513390
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt021954
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt035546
IRS990/PayrollTaxesGrp/ProgramServicesAmt0403642
IRS990/PayrollTaxesGrp/TotalAmt0439188
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt011000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt011000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024418
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029899
IRS990/PrincipalOfficerNm0ROBERT PEARSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENTIAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1ENTRANCE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010117109
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11357574
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010117109
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11357574
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt069359
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0149152
IRS990/PYOtherExpensesAmt04819903
IRS990/PYOtherRevenueAmt0307613
IRS990/PYProgramServiceRevenueAmt011263011
IRS990/PYRevenuesLessExpensesAmt0-282609
IRS990/PYSalariesCompEmpBnftPaidAmt07251841
IRS990/PYTotalExpensesAmt012071744
IRS990/PYTotalRevenueAmt011789135
IRS990/ReconcilationRevenueExpnssAmt0-209503
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt011474683
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01269069
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0928679
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt01,085,092
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt087169
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt069359
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt038939
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt050000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt095121
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0340588
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0185672
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0160927
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0145270
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0150235
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0120100
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0762204
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt011474683
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt011558848
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt012474151
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt011093661
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt010371790
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt056973133
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0185672
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0160927
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0145270
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0150235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0120100
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0762204
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0307613
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0283452
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0280389
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0213638
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01085092
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96880
IRS990ScheduleA/PublicSupportPY509Pct00.96470
IRS990ScheduleA/PublicSupportTotal509Amt057313721
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt011561852
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt011628207
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt012513090
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt011143661
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt010466911
IRS990ScheduleA/Total509Grp/TotalAmt057313721
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt011747524
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt012096747
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt012941812
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt011574285
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt010800649
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt059161017
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt012838137
IRS990ScheduleD/BuildingsGrp/DepreciationAmt021595813
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt034433950
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt0816583
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02335253
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03151836
IRS990ScheduleD/ExpensesSubtotalAmt011906181
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0518254
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0518254
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0169753
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt081983
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01541115
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01623098
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0110000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt191874
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt279013
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNIT DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ROOM DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2RESIDENT ACCOUNTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt05552146
IRS990ScheduleD/OtherSecuritiesGrp/Desc0SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0169753
IRS990ScheduleD/RevenueSubtotalAmt011696678
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0A COLLECTION OF BOEHM BIRD FIGURINES WAS DONATED TO THE ORGANIZATION AND IS ON DISPLAY IN THE HALLWAY OF THE RESIDENCE IN GLASS EXHIBITION CASES FOR ALL OF THE RESIDENTS TO VIEW AND ENJOY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE ORGANIZATION'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2018, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART III, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014254957
IRS990ScheduleD/TotalBookValueSecuritiesAmt05552146
IRS990ScheduleD/TotalExpensesPerForm990Amt011906181
IRS990ScheduleD/TotalLiabilityAmt0280887
IRS990ScheduleD/TotalRevenuePerForm990Amt011696678

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,000,186
Liabilities
$12,961,390
Net assets
$8,038,796
Revenue
$11,696,678
Expenses
$11,906,181
Net income
-$209,503
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.4$24.3$8.08$17.2$17.6$0.38
2023Detailed filing. Detailed filing data is available for this year.$25.0$17.6$7.40$14.4$17.4$3.07
2022Detailed filing. Detailed filing data is available for this year.$24.8$14.8$10.0$14.7$14.3$0.36
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$13.9$9.64$15.5$14.0$1.51
2020Detailed filing. Detailed filing data is available for this year.$23.6$15.4$8.13$13.6$13.4$0.24
2019Detailed filing. Detailed filing data is available for this year.$21.9$14.0$7.90$12.4$12.5$0.14
2018Detailed filing. Detailed filing data is available for this year.$21.0$13.0$8.04$11.7$11.9$0.21
2017Detailed filing. Detailed filing data is available for this year.$21.4$13.3$8.08$11.8$12.1$0.28
2016Detailed filing. Detailed filing data is available for this year.$21.1$11.7$9.41$12.9$11.8$1.09
2015Detailed filing. Detailed filing data is available for this year.$21.2$13.1$8.07$11.6$11.3$0.31
2014Detailed filing. Detailed filing data is available for this year.$20.8$12.8$8.00$10.8$11.2$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$13.2$8.20$10.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.2$12.9$8.36$10.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.1$12.6$8.42$10.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$12.4$9.18$9.84