Civic Intelligence

Development Ventures Incorporated

990 • Fiscal year 2023 • EIN 56-1461066

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileDURHAMHOUSINGAUTHORITY.ORG
423 Morris Street Suite 200Durham, NC 27701

(919) 683-1551

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.13x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

2.95x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

9th percentile

-33%

Higher net margin than 9% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

60th percentile

$209,740

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 38.1% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

93rd percentile

66%

Faster asset growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

94th percentile

125%

Faster revenue growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$12,661,500

Up $5,055,598 (+66%) from 2022

Net Assets

Up

$11,035,014

Up $4,777,260 (+76%) from 2022

Liabilities

Up

$1,626,486

Up $278,338 (+21%) from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin9th percentile

Revenue

Up

$550,587

Up $305,611 (+125%) from 2022

Expenses

Up

$732,240

Up $370,623 (+102%) from 2022

Net Income

Down

-$181,653

Down $65,012 (-56%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$30M$20M$10M$0Assets 2010: $587,500Liabilities 2010: $38,520Net Assets 2010: $548,9802010Assets 2011: $592,906Liabilities 2011: $115,654Net Assets 2011: $477,2522011Assets 2012: $804,373Liabilities 2012: $8,446Net Assets 2012: $795,9272012Assets 2013: $993,389Liabilities 2013: $66,714Net Assets 2013: $926,6752013Assets 2014: $3,268,644Liabilities 2014: $754,180Net Assets 2014: $2,514,4642014Assets 2015: $4,749,288Liabilities 2015: $1,224,238Net Assets 2015: $3,525,0502015Assets 2016: $4,838,465Liabilities 2016: $1,173,161Net Assets 2016: $3,665,3042016Assets 2017: $8,145,265Liabilities 2017: $1,264,986Net Assets 2017: $6,880,2792017Assets 2018: $7,776,680Liabilities 2018: $871,128Net Assets 2018: $6,905,5522018Assets 2019: $7,676,452Liabilities 2019: $1,227,063Net Assets 2019: $6,449,3892019Assets 2020: $7,717,790Liabilities 2020: $1,379,985Net Assets 2020: $6,337,8052020Assets 2021: $7,628,220Liabilities 2021: $1,334,981Net Assets 2021: $6,293,2392021Assets 2022: $7,605,902Liabilities 2022: $1,348,148Net Assets 2022: $6,257,7542022Assets 2023: $12,661,500Liabilities 2023: $1,626,486Net Assets 2023: $11,035,0142023Assets 2024: $23,990,842Liabilities 2024: $10,876,935Net Assets 2024: $13,113,9072024

Highlighted filing

2023

Assets$12,661,500
Liabilities$1,626,486
Net Assets$11,035,014
Open 2023 Filing

Operations Trend

Revenue Growth94th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $212,6992010Expenses 2011: $78,3492011Expenses 2012: $11,0592012Revenue 2013: $363,842Expenses 2013: $233,094Net Income 2013: $130,7482013Revenue 2014: $1,824,913Expenses 2014: $237,124Net Income 2014: $1,587,7892014Revenue 2015: $1,509,003Expenses 2015: $498,417Net Income 2015: $1,010,5862015Revenue 2016: $1,228,037Expenses 2016: $932,451Net Income 2016: $295,5862016Revenue 2017: $373,836Expenses 2017: $556,788Net Income 2017: -$182,9522017Revenue 2018: $507,774Expenses 2018: $545,459Net Income 2018: -$37,6852018Revenue 2019: $186,411Expenses 2019: $642,574Net Income 2019: -$456,1632019Revenue 2020: $284,433Expenses 2020: $396,017Net Income 2020: -$111,5842020Revenue 2021: $167,042Expenses 2021: $316,877Net Income 2021: -$149,8352021Revenue 2022: $244,976Expenses 2022: $361,617Net Income 2022: -$116,6412022Revenue 2023: $550,587Expenses 2023: $732,240Net Income 2023: -$181,6532023Revenue 2024: $4,862,543Expenses 2024: $2,315,861Net Income 2024: $2,546,6822024

Highlighted filing

2023

Revenue$550,587
Expenses$732,240
Net Income-$181,653
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$550,587
Mission and Program Overview

Mission

The mission of development ventures incorporated (dvi) is to develop and operate affordable housing communities serving residents of durham, north carolina.

Development of low income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,805,615$7,999,754▲ $1,194,139
Other Notes and Loans Receivable, Net$0$2,560,007▲ $2,560,007
Cash and Non-Interest-Bearing Accounts$261,278$517,815▲ $256,537
Accounts Receivable$395,542$474,200▲ $78,658
Prepaid Expenses and Deferred Charges$170$24,125▲ $23,955
Inventories for Sale or Use$1,444$0▼ $1,444
Total Assets$7,605,902$12,661,500▲ $5,055,598
Other Assets Total$141,853$1,085,599▲ $943,746
Liabilities
Unsecured Notes Loans Payable$850,000$850,000→ $0
Accounts Payable and Accrued Expenses$484,562$663,837▲ $179,275
Other Liabilities$2,774$76,999▲ $74,225
Deferred Revenue$1,512$23,770▲ $22,258
Escrow Account Liability$9,300$11,880▲ $2,580
Total Liabilities$1,348,148$1,626,486▲ $278,338
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,257,754$11,035,014▲ $4,777,260
Total Net Assets Fund Balance$6,257,754$11,035,014▲ $4,777,260
Total Liabilities and Net Assets / Fund Balance$7,605,902$12,661,500▲ $5,055,598

Asset Categories

AssetBook ValueDepreciationBasis
Land$4,610,411-$4,610,411
Buildings$3,389,343$767,912$4,157,255
Other Assets Org$1,070,883--
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleOtherTotal
Anthony SnellDirector of Development$129,725$129,725
Karen LadoCMI-developement$126,998$126,998
Ralph StaleyChief Financial Officer$126,141$126,141
Carla WaltonDirector of Administration$119,902$119,902
Dominque DunnDirector of Housing$109,094$109,094

Board Members and Trustees

NameTitle
Kimberly WilliamsChair
Angela HolmesDirector
Daniel C HudginsDirector
Mayme Webb-bledsoeDirector
Pebbles LucasDirector
Robert GlennDirector
Torell ArmstrongDirector
Anthony ScottChief Executive Officer
Denita JohnsonChief Operating Officer
Jillian JohnsonCity Liaison
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$549,476
Investment Income
$1,111
Other Revenue
$0
Change in Net Assets
$-181,653

Audited Revenue Reconciliation

Revenue per Audited Statements
$550,587
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$550,587
Total Revenue per Form 990
$550,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$595,388
Salaries, Compensation, and Employee Benefits$136,852
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$143,654--$143,654
Other Salaries and Wages$105,690--$105,690
Occupancy$67,766--$67,766
Fees for Services Legal-$61,783-$61,783
Other Employee Benefits$31,162--$31,162
Fees for Services Management-$30,677-$30,677
Interest-$25,811-$25,811
Insurance-$24,192-$24,192
Fees for Services Accounting-$24,112-$24,112
Advertising-$21,258-$21,258
Fees for Services Other-$6,020-$6,020
Other Expenses$4--$4
Total Functional Expenses$538,387$193,853$0$732,240

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$732,240
Total Expenses per Audited Statements$732,240
Total Expenses per Form 990$732,240
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
Other Liability$76,995
Investment Liability$4
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization has no committees.”

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

“The cfo reviews the return upon signing. A full copy of the form 990 is shared with the board prior to filing.”

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

“Officers and key employees are required to annually disclose interests that could give rise to conflict, but board members are not required. The policy was adopted in 2008. The staff has been trained on compliance.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Development Ventures Inc
EIN
56-1461066
Phone
9196831551
Address
423 MORRIS STREET SUITE 200, DURHAM, NC 27701

Signing Officer

Name
Ralph Staley
Title
CFO
Phone
9196831551
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ralph Staley
Formed
1985
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
1144 HOOPER AVENUE SUITE 203, TOMS RIVER, NJ 08753
Preparer
Richard M Larsen
Phone
7325034257
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer of equity 2,348,467.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization holds tenant security deposits in escrow. These amounts belong to the individual tenants.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CITY LIAISON
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF EXECUTIVE OFFICER
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IRS990/Form990PartVIISectionAGrp/TitleTxt10CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12CMI-DEVELOPEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF ADMINISTRATION
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0550587
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt024192
IRS990/InsuranceGrp/TotalAmt024192
IRS990/InterestGrp/ManagementAndGeneralAmt025811
IRS990/InterestGrp/TotalAmt025811
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01444
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01111
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01111
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0767912
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06805615
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07999754
IRS990/LandBldgEquipCostOrOtherBssAmt08767666
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF DEVELOPMENT VENTURES INCORPORATED IS TO DEVELOP AND OPERATE AFFORDABLE HOUSING COMMUNITIES SERVING RESIDENTS OF DURHAM, NORTH CAROLINA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06257754
IRS990/NetAssetsOrFundBalancesEOYAmt011035014
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06257754
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011035014
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt067766
IRS990/OccupancyGrp/TotalAmt067766
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0141853
IRS990/OtherAssetsTotalGrp/EOYAmt01085599
IRS990/OtherChangesInNetAssetsAmt02348467
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt031162
IRS990/OtherEmployeeBenefitsGrp/TotalAmt031162
IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc2PASS-THROUGH LOSSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0163668
IRS990/OtherExpensesGrp/ProgramServicesAmt126443
IRS990/OtherExpensesGrp/ProgramServicesAmt24
IRS990/OtherExpensesGrp/TotalAmt0163668
IRS990/OtherExpensesGrp/TotalAmt126443
IRS990/OtherExpensesGrp/TotalAmt24
IRS990/OtherLiabilitiesGrp/BOYAmt02774
IRS990/OtherLiabilitiesGrp/EOYAmt076999
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0105690
IRS990/OtherSalariesAndWagesGrp/TotalAmt0105690
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02560007
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0170
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024125
IRS990/PrincipalOfficerNm0RALPH STALEY
IRS990/PriorPeriodAdjustmentsAmt02610447
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0OTHER TENANT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1TENANT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0392403
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1157073
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0392403
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1157073
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021
IRS990/PYOtherExpensesAmt0347341
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0244955
IRS990/PYRevenuesLessExpensesAmt0-116641
IRS990/PYSalariesCompEmpBnftPaidAmt014276
IRS990/PYTotalExpensesAmt0361617
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0244976
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-181653
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0550587
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01111
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0764
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01951
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0549476
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0244955
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0166065
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0284393
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0185647
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01430536
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01111
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0764
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01951
IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93350
IRS990ScheduleA/PublicSupportPY509Pct00.93240
IRS990ScheduleA/PublicSupportTotal509Amt01337210
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt037403
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt014214
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt07057
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt010500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt024152
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt093326
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt037403
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt014214
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt07057
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt010500
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt024152
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt093326
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0549476
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0244955
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0166065
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0284393
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0185647
IRS990ScheduleA/Total509Grp/TotalAmt01430536
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0550587
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0244976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0166080
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0284433
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0186411
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01432487
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03389343
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0767912
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04157255
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0732240
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt04610411
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04610411
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014716
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11070883
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED CASH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt076995
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INVESTMENT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0550587
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS TENANT SECURITY DEPOSITS IN ESCROW. THESE AMOUNTS BELONG TO THE INDIVIDUAL TENANTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07999754
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01085599
IRS990ScheduleD/TotalExpensesPerForm990Amt0732240
IRS990ScheduleD/TotalLiabilityAmt076999
IRS990ScheduleD/TotalRevenuePerForm990Amt0550587
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0550587

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,661,500
Liabilities
$1,626,486
Net assets
$11,035,014
Revenue
$550,587
Expenses
$732,240
Net income
-$181,653
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.0$10.9$13.1$4.86$2.32$2.55
2023Detailed filing. Detailed filing data is available for this year.$12.7$1.63$11.0$0.55$0.73$0.18
2022Detailed filing. Detailed filing data is available for this year.$7.61$1.35$6.26$0.24$0.36$0.12
2021Detailed filing. Detailed filing data is available for this year.$7.63$1.33$6.29$0.17$0.32$0.15
2020Detailed filing. Detailed filing data is available for this year.$7.72$1.38$6.34$0.28$0.40$0.11
2019Detailed filing. Detailed filing data is available for this year.$7.68$1.23$6.45$0.19$0.64$0.46
2018Detailed filing. Detailed filing data is available for this year.$7.78$0.87$6.91$0.51$0.55$0.04
2017Detailed filing. Detailed filing data is available for this year.$8.15$1.26$6.88$0.37$0.56$0.18
2016Detailed filing. Detailed filing data is available for this year.$4.84$1.17$3.67$1.23$0.93$0.30
2015Detailed filing. Detailed filing data is available for this year.$4.75$1.22$3.53$1.51$0.50$1.01
2014Detailed filing. Detailed filing data is available for this year.$3.27$0.75$2.51$1.82$0.24$1.59
2013Detailed filing. Detailed filing data is available for this year.$0.99$0.07$0.93$0.36$0.23$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.01$0.80$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.12$0.48$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.04$0.55$0.21