Civic Intelligence

Clay Cherokee Christian Housing Inc

EIN 56-1365973 • 501(c)3 • Hayesville, NC

Profile

To advocate and provide safe, sanitary, affordable housing for very low income elderly persons.

33 Desoto SquareHayesville, NC 28904

n/A

Siviq Scores

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

Liabilities / Assets

96th percentile

1.45x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

3.28x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

62nd percentile

11%

Higher net margin than 62% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

42nd percentile

0.3%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

2.4%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$652,558

Up $1,727 (+0.3%) from 2023

Liabilities

Down

$946,798

Down $30,170 (-3.1%) from 2023

Net Assets

Up

-$294,240

Up $31,897 (+9.8%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin62nd percentile

Revenue

Up

$288,313

Up $6,703 (+2.4%) from 2023

Expenses

Up

$256,416

Up $37,951 (+17%) from 2023

Net Income

Down

$31,897

Down $31,248 (-49%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2010: $521,812Liabilities 2010: $1,205,309Net Assets 2010: -$683,4972010Assets 2011: $540,863Liabilities 2011: $1,198,159Net Assets 2011: -$657,2962011Assets 2012: $523,248Liabilities 2012: $1,180,564Net Assets 2012: -$657,3162012Assets 2013: $543,840Liabilities 2013: $1,165,421Net Assets 2013: -$621,5812013Assets 2014: $575,377Liabilities 2014: $1,176,124Net Assets 2014: -$600,7472014Assets 2015: $505,862Liabilities 2015: $1,091,419Net Assets 2015: -$585,5572015Assets 2016: $516,846Liabilities 2016: $1,068,706Net Assets 2016: -$551,8602016Assets 2017: $569,687Liabilities 2017: $1,086,468Net Assets 2017: -$516,7812017Assets 2018: $555,265Liabilities 2018: $1,120,067Net Assets 2018: -$564,8022018Assets 2019: $537,636Liabilities 2019: $1,056,580Net Assets 2019: -$518,9442019Assets 2020: $568,995Liabilities 2020: $1,040,500Net Assets 2020: -$471,5052020Assets 2021: $591,385Liabilities 2021: $1,025,018Net Assets 2021: -$433,6332021Assets 2022: $604,863Liabilities 2022: $994,145Net Assets 2022: -$389,2822022Assets 2023: $650,831Liabilities 2023: $976,968Net Assets 2023: -$326,1372023Assets 2024: $652,558Liabilities 2024: $946,798Net Assets 2024: -$294,2402024

Highlighted filing

2024

Assets$652,558
Liabilities$946,798
Net Assets-$294,240
Open 2024 Filing

Operations Trend

Revenue Growth43rd percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $209,7322010Expenses 2011: $202,0702011Revenue 2012: $225,370Expenses 2012: $225,390Net Income 2012: -$202012Revenue 2013: $254,950Expenses 2013: $219,214Net Income 2013: $35,7362013Revenue 2014: $237,480Expenses 2014: $216,646Net Income 2014: $20,8342014Revenue 2015: $239,518Expenses 2015: $224,328Net Income 2015: $15,1902015Revenue 2016: $239,224Expenses 2016: $205,527Net Income 2016: $33,6972016Revenue 2017: $245,513Expenses 2017: $210,434Net Income 2017: $35,0792017Revenue 2018: $247,705Expenses 2018: $295,726Net Income 2018: -$48,0212018Revenue 2019: $254,119Expenses 2019: $208,261Net Income 2019: $45,8582019Revenue 2020: $260,935Expenses 2020: $213,496Net Income 2020: $47,4392020Revenue 2021: $263,889Expenses 2021: $226,017Net Income 2021: $37,8722021Revenue 2022: $269,458Expenses 2022: $225,107Net Income 2022: $44,3512022Revenue 2023: $281,610Expenses 2023: $218,465Net Income 2023: $63,1452023Revenue 2024: $288,313Expenses 2024: $256,416Net Income 2024: $31,8972024

Highlighted filing

2024

Revenue$288,313
Expenses$256,416
Net Income$31,897
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$652,558
Liabilities
$946,798
Net assets
-$294,240
Revenue
$288,313
Expenses
$256,416
Net income
$31,897
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.95$0.29$0.29$0.26$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.98$0.33$0.28$0.22$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.60$0.99$0.39$0.27$0.23$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.59$1.03$0.43$0.26$0.23$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.57$1.04$0.47$0.26$0.21$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.54$1.06$0.52$0.25$0.21$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.56$1.12$0.56$0.25$0.30$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.57$1.09$0.52$0.25$0.21$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.52$1.07$0.55$0.24$0.21$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.51$1.09$0.59$0.24$0.22$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.58$1.18$0.60$0.24$0.22$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.54$1.17$0.62$0.25$0.22$0.04
2012Summary only. Only limited summary data is available for this year.$0.52$1.18$0.66$0.23$0.23$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$1.20$0.66$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$1.21$0.68$0.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 7, 2025
Return Version
2024v5.2
Gross Receipts
$288,313
Mission and Program Overview

Mission

To advocate and provide safe, sanitary, affordable housing for very low income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$406,911$391,307▼ $15,604
Investments Program Related$189,376$210,868▲ $21,492
Intangible Assets$28,704$27,220▼ $1,484
Prepaid Expenses and Deferred Charges$5,761$8,661▲ $2,900
Cash and Non-Interest-Bearing Accounts$4,967$2,164▼ $2,803
Accounts Receivable$1,307$912▼ $395
Total Assets$650,831$652,558▲ $1,727
Other Assets Total$13,805$11,426▼ $2,379
Liabilities
Mortgage Notes Payable Secured by Investment Property$902,133$868,086▼ $34,047
Other Liabilities$62,931$71,440▲ $8,509
Accounts Payable and Accrued Expenses$10,801$4,607▼ $6,194
Deferred Revenue$1,103$2,665▲ $1,562
Total Liabilities$976,968$946,798▼ $30,170
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-326,137$-294,240▲ $31,897
Total Net Assets Fund Balance$-326,137$-294,240▲ $31,897
Total Liabilities and Net Assets / Fund Balance$650,831$652,558▲ $1,727

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$219,075$1,282,857$1,501,932
Other Land Buildings$82,337$223,364$305,701
Equipment$29,894$102,214$132,108
Land$60,001-$60,001
Investment Program Related Org$32,384--
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Sandra HofferPresident
Carl MayVice President
Bill MichaelsonDirector
Carol MaloofDirector
Cindy NodineDirector
Ferris MaloofDirector
Marguerite RourkDirector
Susan MayDirector
Pamela RomanSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$213,411
Program Service Revenue
$72,886
Investment Income
$101
Other Revenue
$1,915
Change in Net Assets
$31,897

Audited Revenue Reconciliation

Revenue per Audited Statements
$288,313
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$288,313
Total Revenue per Form 990
$288,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$256,416
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
Occupancy$130,450--$130,450
Depreciation Depletion$39,171--$39,171
Fees for Services Management-$20,515-$20,515
Fees for Services Accounting-$8,155-$8,155
Office Expenses-$7,528-$7,528
Fees for Services Legal-$252-$252
Other Expenses$133--$133
Advertising-$116-$116
Total Functional Expenses$219,850$36,566$0$256,416

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$256,416
Total Expenses per Audited Statements$256,416
Total Expenses per Form 990$256,416
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
Residual Receipts Available for Rec$60,014
Tenant Security Deposits$11,426
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 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 operations of the apartment community are managed by barr residential & development, llc (brd). Brd is a professional property management company. Brd has a project owner's and management agent's certification for multifamily housing projects with the us department of housing and urban development (hud). Under this certification, hud has approved brd to manage the apartment community”

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

“The board of directors reads and reviews form 990 prior to approving the return for filing with the irs.”

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

“The board of directors and management agent acknowledge annually that they are in complaince with the applicable policies and regulations, including standards of conduct covering conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“Form 990, the governing documents, and all related financial and policy information is kept in the organizations central file room with the books and records, and made available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Clay Cherokee Christian Housing Inc
EIN
56-1365973
Phone
8286709704
Address
33 DESOTO SQUARE, HAYESVILLE, NC 28904
Doing Business As
Desoto Square Apartments

Signing Officer

Name
Sandra Hoffer
Title
President
Phone
8286709704
Signed
2025-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Hoffer
Formed
1983
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Matthew Barnard
Phone
3178485700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.”

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/OccupancyGrp/TotalAmt0130450
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07528
IRS990/OfficeExpensesGrp/TotalAmt07528
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013805
IRS990/OtherAssetsTotalGrp/EOYAmt011426
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT COMPANY EMPL
IRS990/OtherExpensesGrp/Desc1LOSS ON RESIDUAL RECEIP
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3MISC FINANCIAL FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt041354
IRS990/OtherExpensesGrp/ProgramServicesAmt18109
IRS990/OtherExpensesGrp/ProgramServicesAmt2633
IRS990/OtherExpensesGrp/ProgramServicesAmt3133
IRS990/OtherExpensesGrp/TotalAmt041354
IRS990/OtherExpensesGrp/TotalAmt18109
IRS990/OtherExpensesGrp/TotalAmt2633
IRS990/OtherExpensesGrp/TotalAmt3133
IRS990/OtherLiabilitiesGrp/BOYAmt062931
IRS990/OtherLiabilitiesGrp/EOYAmt071440
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc2OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01358
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1470
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt287
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01358
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1470
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt287
IRS990/OtherRevenueTotalAmt01915
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05761
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08661
IRS990/PrincipalOfficerNm0SANDRA HOFFER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt072886
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt072886
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0206872
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0127
IRS990/PYOtherExpensesAmt0218465
IRS990/PYOtherRevenueAmt04163
IRS990/PYProgramServiceRevenueAmt070448
IRS990/PYRevenuesLessExpensesAmt063145
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0218465
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0281610
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt031897
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt074801
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES, AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE RESIDENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0213411
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0206872
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0202939
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0202041
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0202659
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01027922
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0101
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0127
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt062
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt047
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt060
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0397
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt072886
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt070448
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt063837
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt060115
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt055480
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0322766
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0101
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0127
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt062
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0397
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01915
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04163
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02620
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01686
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02736
IRS990ScheduleA/OtherIncome509Grp/TotalAmt013120
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99010
IRS990ScheduleA/PublicSupportPY509Pct00.95270
IRS990ScheduleA/PublicSupportTotal509Amt01350688
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0286297
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0277320
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0266776
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0262156
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0258139
IRS990ScheduleA/Total509Grp/TotalAmt01350688
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0288313
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0281610
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0269458
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0263889
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0260935
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01364205
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/BookValueAmt0219075
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01282857
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01501932
IRS990ScheduleD/EquipmentGrp/BookValueAmt029894
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0102214
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0132108
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0256416
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt090663
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt168014
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt219807
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt332384
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2ESCROWS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3OTHER RESERVES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt060001
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060001
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt082337
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0223364
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0305701
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011426
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160014
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESIDUAL RECEIPTS AVAILABLE FOR REC
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0288313
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0391307
IRS990ScheduleD/TotalBookValueProgramRltdAmt0210868
IRS990ScheduleD/TotalExpensesPerForm990Amt0256416
IRS990ScheduleD/TotalLiabilityAmt071440
IRS990ScheduleD/TotalRevenuePerForm990Amt0288313
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0288313
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0256416
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE OPERATIONS OF THE APARTMENT COMMUNITY ARE MANAGED BY BARR RESIDENTIAL & DEVELOPMENT, LLC (BRD). BRD IS A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. BRD HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THIS CERTIFICATION, HUD HAS APPROVED BRD TO MANAGE THE APARTMENT COMMUNITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS READS AND REVIEWS FORM 990 PRIOR TO APPROVING THE RETURN FOR FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS AND MANAGEMENT AGENT ACKNOWLEDGE ANNUALLY THAT THEY ARE IN COMPLAINCE WITH THE APPLICABLE POLICIES AND REGULATIONS, INCLUDING STANDARDS OF CONDUCT COVERING CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, THE GOVERNING DOCUMENTS, AND ALL RELATED FINANCIAL AND POLICY INFORMATION IS KEPT IN THE ORGANIZATIONS CENTRAL FILE ROOM WITH THE BOOKS AND RECORDS, AND MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
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 B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0650831
IRS990/TotalAssetsEOYAmt0652558

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