Civic Intelligence

Covenant Village Inc.

990 • Fiscal year 2019 • EIN 56-1210103

Oct 01, 2018 to Sep 30, 2019 • Filed on Jan 14, 2019

Organization ProfileWWW.COVENANTVILLAGENC.ORG

View Organization Page

1351 Robinwood RoadGastonia, NC 28054

(704) 867-2319

Siviq Scores

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

Liabilities / Assets

80th percentile

0.64x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • NTEE P • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

1.13x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • NTEE P • $10M-$25M nonprofits • Source year 2019

Net Margin

26th percentile

-1.2%

Higher net margin than 26% of similar nonprofits.

2019 filings • NTEE P • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

49th percentile

$187,500

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2019 filings • NTEE P • $10M-$25M nonprofits • Source year 2019

Asset Growth

48th percentile

4.3%

Faster asset growth than 48% of similar nonprofits.

2019 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

6.1%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$21,898,549

Up $898,363 (+4.3%) from 2018

Net Assets

Down

$7,895,205

Down $143,591 (-1.8%) from 2018

Liabilities

Up

$14,003,344

Up $1,041,954 (+8.0%) from 2018

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin26th percentile

Revenue

Up

$12,405,828

Up $709,150 (+6.1%) from 2018

Expenses

Up

$12,549,419

Up $643,238 (+5.4%) from 2018

Net Income

Up

-$143,591

Up $65,912 (+31%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2019

Assets$21,898,549
Liabilities$14,003,344
Net Assets$7,895,205
Open 2019 Filing

Operations Trend

Revenue Growth62nd 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

2019

Revenue$12,405,828
Expenses$12,549,419
Net Income-$143,591
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jan 14, 2019
Return Version
2018v3.2
Gross Receipts
$12,433,686
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$14,254,957$14,622,521▲ $367,564
Investments Other Securities$5,552,146$5,474,243▼ $77,903
Savings and Temporary Cash Investments$928,679$1,339,270▲ $410,591
Inventories for Sale or Use$155,582$172,619▲ $17,037
Prepaid Expenses and Deferred Charges$29,899$41,837▲ $11,938
Accounts Receivable$36,823$30,959▼ $5,864
Total Assets$21,000,186$21,898,549▲ $898,363
Other Assets Total$42,100$217,100▲ $175,000
Liabilities
Deferred Revenue$10,265,846$11,127,488▲ $861,642
Mortgage Notes Payable Secured by Investment Property$1,600,000$1,400,000▼ $200,000
Accounts Payable and Accrued Expenses$814,657$1,038,678▲ $224,021
Other Liabilities$280,887$437,178▲ $156,291
Total Liabilities$12,961,390$14,003,344▲ $1,041,954
Net Assets / Fund Balance
Unrestricted Net Assets$4,992,154$7,780,624▲ $2,788,470
Temporarily Rstr Net Assets$3,035,642$114,581▼ $2,921,061
Permanently Rstr Net Assets$11,000--
Total Net Assets Fund Balance$8,038,796$7,895,205▼ $143,591
Total Liabilities and Net Assets / Fund Balance$21,000,186$21,898,549▲ $898,363

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,891,292$22,327,893$35,219,185
Equipment$1,118,448$2,323,158$3,441,606
Other Land Buildings$9,201$1,678,769$1,687,970
Land$603,580-$603,580
Other Securities$5,474,243--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleBaseTotal
Dale MeltonCEO$187,500$187,500
Kevin StewartHealth Servi$142,369$142,369
Pamela PaigeResident Ser$126,731$126,731
Glynn ZiehmFood/nutriti$117,361$117,361
Russell CraigProperty Ser$100,268$100,268

Board Members and Trustees

NameTitle
Robert PearsonPresident
Braxton C EastDirector
David Smith IiiDirector
Nancy PaschallDirector
W Wade HussDirector
William Current JrDirector
Betty LittlePres Residen
Carol CarstarphenSecretary
Timothy EfirdVP & Treasur
Revenue and Support

Revenue Composition

Contributions and Grants
$71,376
Program Service Revenue
$11,969,829
Investment Income
$152,717
Other Revenue
$211,906
All Other Contributions
$71,376
Change in Net Assets
$-143,591

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,405,828
Total Revenue per Audited Statements
$12,405,828
Total Revenue per Form 990
$12,405,828
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,858,152
Other Expenses$4,691,267
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,562,624$583,726-$6,146,350
Other Employee Benefits$1,175,749$68,981-$1,244,730
Depreciation Depletion$1,241,968--$1,241,968
All Other Expenses$606,048$175,737-$781,785
Payroll Taxes$424,280$42,792-$467,072
Other Expenses$326,440$1,660-$328,100
Insurance-$191,609-$191,609
Fees for Services Legal-$114,323-$114,323
Fees for Services Other$60,000--$60,000
Interest-$47,196-$47,196
Fees for Service Investment Mgmnt Fees-$27,607-$27,607
Office Expenses$6,008$17,373-$23,381
Information Technology$20,916--$20,916
Total Functional Expenses$11,213,315$1,336,104$0$12,549,419

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,549,419
Total Expenses per Audited Statements$12,549,419
Total Expenses per Form 990$12,549,419
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
Due to Operating Fund$175,000
Unit Deposits$110,000
Room Deposits$80,816
Resident Accounts$71,362
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 28054

Signing Officer

Name
Dale Melton
Title
CEO
Phone
7048672319
Signed
2019-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dale Melton
Formed
1977
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
303
Volunteers
8

Preparer

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

Financial Statement Notes

Schedule D, Page 3, Part X

“The village is a not-for-profit association that is exempt from income taxes under section 501(c)(3) of the internal revenue code. In addition, the state of north carolina has granted the village tax-exempt status. Accounting principles generally accepted in the united states of america require the village's management to evaluate tax positions taken by the village and recognize a tax liability (or asset) if the village has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the village, and has concluded that as of september 30, 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The village 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 2016.”

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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt068981
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IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1UTILITIES
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IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt065100
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11660
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IRS990/OtherExpensesGrp/ProgramServicesAmt1580422
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IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
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IRS990/OtherRevenueTotalAmt0211906
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0583726
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IRS990/OtherSalariesAndWagesGrp/TotalAmt06146350
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt042792
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IRS990/PrincipalOfficerNm0DALE MELTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENTIAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1ENTRANCE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010511246
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11458583
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11458583
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt087169
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IRS990/PYInvestmentIncomeAmt0134826
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IRS990/PYProgramServiceRevenueAmt011474683
IRS990/PYRevenuesLessExpensesAmt0-209503
IRS990/PYSalariesCompEmpBnftPaidAmt07536598
IRS990/PYTotalExpensesAmt011906181
IRS990/PYTotalRevenueAmt011696678
IRS990/ReconcilationRevenueExpnssAmt0-143591
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt011969829
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0928679
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01339270
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0871,454
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt087169
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt069359
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt038939
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt050000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0316843
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0180575
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0185672
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0160927
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0145270
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0150235
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0822679
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt012181735
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt011474683
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt011558848
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt012474151
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt011093661
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt058783078
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0180575
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0185672
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0160927
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0145270
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0150235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0822679
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0307613
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0283452
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0280389
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0871454
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97210
IRS990ScheduleA/PublicSupportPY509Pct00.96880
IRS990ScheduleA/PublicSupportTotal509Amt059099921
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt012253111
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt011561852
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt011628207
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt012513090
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt011143661
IRS990ScheduleA/Total509Grp/TotalAmt059099921
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt012433686
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt011747524
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt012096747
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt012941812
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt011574285
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt060794054
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt012891292
IRS990ScheduleD/BuildingsGrp/DepreciationAmt022327893
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035219185
IRS990ScheduleD/EquipmentGrp/BookValueAmt01118448
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02323158
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03441606
IRS990ScheduleD/ExpensesSubtotalAmt012549419
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0603580
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0603580
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09201
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01678769
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01687970
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt280816
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt371362
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OPERATING FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNIT DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ROOM DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3RESIDENT ACCOUNTS
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0SECURITIES
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IRS990ScheduleD/RevenueSubtotalAmt012405828
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE VILLAGE IS A NOT-FOR-PROFIT ASSOCIATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE STATE OF NORTH CAROLINA HAS GRANTED THE VILLAGE TAX-EXEMPT STATUS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE VILLAGE'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE VILLAGE AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE VILLAGE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE VILLAGE, AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE VILLAGE 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 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalLiabilityAmt0437178
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,898,549
Liabilities
$14,003,344
Net assets
$7,895,205
Revenue
$12,405,828
Expenses
$12,549,419
Net income
-$143,591
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