Civic Intelligence

Forsyth Economic Ventures Inc.

990 • Fiscal year 2014 • EIN 56-1831053

Oct 01, 2013 to Sep 30, 2014 • Filed on Feb 13, 2015

Organization ProfileN/A
500 West Fourth StreetSuite 300Winston Salem, NC 27101

(336) 727-8500

Siviq Scores

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

Liabilities / Assets

76th percentile

0.54x

Higher debt load relative to assets than 76% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

92nd percentile

3.78x

Higher debt load relative to revenue than 92% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

14th percentile

-15%

Higher net margin than 14% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

83rd percentile

$240,540

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 31.5% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

23rd percentile

-3.2%

Faster asset growth than 23% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$5,333,360

Down $174,199 (-3.2%) from 2013

Net Assets

Down

$2,442,554

Down $114,838 (-4.5%) from 2013

Liabilities

Down

$2,890,806

Down $59,361 (-2.0%) from 2013

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin14th percentile

Revenue

Up

$763,846

Up $86,383 (+13%) from 2013

Expenses

Up

$878,684

Up $73,483 (+9.1%) from 2013

Net Income

Up

-$114,838

Up $12,900 (+10%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,676,401Liabilities 2010: $3,601,757Net Assets 2010: $1,074,6442010Assets 2011: $4,403,013Liabilities 2011: $3,444,455Net Assets 2011: $958,5582011Assets 2012: $4,659,216Liabilities 2012: $2,774,086Net Assets 2012: $1,885,1302012Assets 2013: $5,507,559Liabilities 2013: $2,950,167Net Assets 2013: $2,557,3922013Assets 2014: $5,333,360Liabilities 2014: $2,890,806Net Assets 2014: $2,442,5542014Assets 2015: $5,696,165Liabilities 2015: $3,492,196Net Assets 2015: $2,203,9692015Assets 2016: $5,770,620Liabilities 2016: $3,791,174Net Assets 2016: $1,979,4462016Assets 2017: $6,422,826Liabilities 2017: $4,634,301Net Assets 2017: $1,788,5252017Assets 2018: $6,533,584Liabilities 2018: $5,058,470Net Assets 2018: $1,475,1142018Assets 2019: $6,347,522Liabilities 2019: $4,995,159Net Assets 2019: $1,352,3632019Assets 2020: $6,064,098Liabilities 2020: $4,848,100Net Assets 2020: $1,215,9982020Assets 2021: $6,068,972Liabilities 2021: $4,562,649Net Assets 2021: $1,506,3232021Assets 2022: $7,226,365Liabilities 2022: $5,856,145Net Assets 2022: $1,370,2202022Assets 2023: $7,144,584Liabilities 2023: $5,619,785Net Assets 2023: $1,524,7992023Assets 2024: $6,991,152Liabilities 2024: $5,850,017Net Assets 2024: $1,141,1352024

Highlighted filing

2014

Assets$5,333,360
Liabilities$2,890,806
Net Assets$2,442,554
Open 2014 Filing

Operations Trend

Revenue Growth69th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $773,2932010Expenses 2011: $780,9382011Expenses 2012: $799,0752012Revenue 2013: $677,463Expenses 2013: $805,201Net Income 2013: -$127,7382013Revenue 2014: $763,846Expenses 2014: $878,684Net Income 2014: -$114,8382014Revenue 2015: $701,890Expenses 2015: $940,475Net Income 2015: -$238,5852015Revenue 2016: $752,396Expenses 2016: $976,919Net Income 2016: -$224,5232016Revenue 2017: $914,176Expenses 2017: $1,150,097Net Income 2017: -$235,9212017Revenue 2018: $1,146,311Expenses 2018: $1,459,722Net Income 2018: -$313,4112018Revenue 2019: $1,187,713Expenses 2019: $1,310,464Net Income 2019: -$122,7512019Revenue 2020: $1,231,883Expenses 2020: $1,368,248Net Income 2020: -$136,3652020Revenue 2021: $1,557,619Expenses 2021: $1,267,137Net Income 2021: $290,4822021Revenue 2022: $1,405,153Expenses 2022: $1,541,256Net Income 2022: -$136,1032022Revenue 2023: $1,666,695Expenses 2023: $1,512,116Net Income 2023: $154,5792023Revenue 2024: $1,382,226Expenses 2024: $1,765,890Net Income 2024: -$383,6642024

Highlighted filing

2014

Revenue$763,846
Expenses$878,684
Net Income-$114,838
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Feb 13, 2015
Return Version
2013v4.0
Gross Receipts
$763,846
Mission and Program Overview

Mission

In conjunction with the housing authority of winston-salem, to facilitate the organization and administration of innovative projects to provide housing for persons of low and moderate income and improve their quality of life.

To facilitate the organization and administration of innovative projects to provide housing for persons of low and moderate income and improve their quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,694,824$3,409,228▼ $285,596
Cash and Non-Interest-Bearing Accounts$1,107,636$397,222▼ $710,414
Accounts Receivable$13,026$18,737▲ $5,711
Savings and Temporary Cash Investments$17,791$16,852▼ $939
Prepaid Expenses and Deferred Charges$30,787$16,266▼ $14,521
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,507,559$5,333,360▼ $174,199
Other Assets Total$643,495$1,475,055▲ $831,560
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,128,671$1,969,928▼ $158,743
Other Liabilities$738,103$837,669▲ $99,566
Accounts Payable and Accrued Expenses$83,393$83,209▼ $184
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,950,167$2,890,806▼ $59,361
Net Assets / Fund Balance
Unrestricted Net Assets$2,557,392$2,442,554▼ $114,838
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,557,392$2,442,554▼ $114,838
Total Liabilities and Net Assets / Fund Balance$5,507,559$5,333,360▼ $174,199

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,157,033$2,204,936$5,361,969
Land$252,195-$252,195
Other Assets Org$1,475,055--
Compensation and Service Providers
Top Officer Pay83rd percentile

Board Members and Trustees

NameTitle
Walter Pittchairman
Andrew Perkins JrDirector
Arthur KingDirector
Evelyn SandersDirector
Jemmise BowenDirector
Thomas AdamsDirector
William RoseDirector
kelly casondirector
sharon covitzdirector
Larry Woodssecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$763,807
Investment Income
$39
Other Revenue
$0
Change in Net Assets
$-114,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$772,989
Salaries, Compensation, and Employee Benefits$105,695
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$289,930--$289,930
Interest$83,820--$83,820
Other Salaries and Wages$66,865--$66,865
Office Expenses$65,325--$65,325
Other Employee Benefits$38,830--$38,830
All Other Expenses$29,378--$29,378
Other Expenses$19,228--$19,228
Insurance$11,756--$11,756
Fees for Services Accounting$3,371--$3,371
Fees for Services Legal$33--$33
Total Functional Expenses$878,684$0$0$878,684
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interprogram Payable$820,667
Other Liabiltiites$17,002
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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

Part VI, Section B #11A and #11C

“#11A: The 990 return is reviewed by the CFO and director of finance. The information is discussed with the board and copies of all returns are available for their review. #11C: the organization has a written conflict of interest policy. That policy is distributed and reviewed with all employees and board members yearly. They are required to sign that they have received, read and understand the policy. That information is kept in the personnel files.”

Part VI Section C #19

“All information governing the authority and its instrumentalities are available for review at the Housing Authority. Those documents are also included in our Annual Plan that is posted on HUD's website annually.”

Filing and Contact Details

Filer

EIN
56-1831053
In Care Of
% THE ORGANIZATION
Phone
3367278500

Signing Officer

Name
manager
Title
manager
Phone
7043329100
Signed
2015-02-13
Discuss with paid preparer
Yes

Organization Details

Formed
1993
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
9
Employees
0

Preparer

Preparer
Kathy Blackburn
Phone
7043329100
Supplemental Narrative

Additional Explanations

Form 990 Part III, Line 1

“In conjunction with the housing authority of winston-salem, to faciliatate the organization and administration of innovative projects to provide housing for persons of low and moderate income and improve their quality of life.”

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IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02128671
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01969928
IRS990/NetAssetsOrFundBalancesBOYAmt02557392
IRS990/NetAssetsOrFundBalancesEOYAmt02442554
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-110924
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt065325
IRS990/OfficeExpensesGrp/TotalAmt065325
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0643495
IRS990/OtherAssetsTotalGrp/EOYAmt01475055
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt038830
IRS990/OtherEmployeeBenefitsGrp/TotalAmt038830
IRS990/OtherExpensesGrp/Desc0ELECTRICITY
IRS990/OtherExpensesGrp/Desc1MAINTENANCE - CONTRACTS
IRS990/OtherExpensesGrp/Desc2MAINTENANCE - LABOR
IRS990/OtherExpensesGrp/Desc3MAINTENANCE - MATERIALS
IRS990/OtherExpensesGrp/ProgramServicesAmt0147900
IRS990/OtherExpensesGrp/ProgramServicesAmt147090
IRS990/OtherExpensesGrp/ProgramServicesAmt275158
IRS990/OtherExpensesGrp/ProgramServicesAmt319228
IRS990/OtherExpensesGrp/TotalAmt0147900
IRS990/OtherExpensesGrp/TotalAmt147090
IRS990/OtherExpensesGrp/TotalAmt275158
IRS990/OtherExpensesGrp/TotalAmt319228
IRS990/OtherLiabilitiesGrp/BOYAmt0738103
IRS990/OtherLiabilitiesGrp/EOYAmt0837669
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt066865
IRS990/OtherSalariesAndWagesGrp/TotalAmt066865
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030787
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016266
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0147774
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt155027
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0708780
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt155027
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0561006
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0190
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0700775
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0677273
IRS990/PYRevenuesLessExpensesAmt0-127738
IRS990/PYSalariesCompEmpBnftPaidAmt0104426
IRS990/PYTotalExpensesAmt0805201
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0677463
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-114838
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0763807
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017791
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016852
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd0false
IRS990ScheduleA/ContributionControllerInd0false
IRS990ScheduleA/ContributionFamilyInd0false
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566003102
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc006
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10HAWS
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd0true
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03157033
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02204936
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05361969
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0252195
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0252195
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01475055
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTERCOMPANY RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0820667
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117002
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERPROGRAM PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILTIITES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03409228
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01475055
IRS990ScheduleD/TotalLiabilityAmt0837669
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0180857
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt059683
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LARRY WOODS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0240540
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN CONJUNCTION WITH THE HOUSING AUTHORITY OF WINSTON-SALEM, TO FACILIATATE THE ORGANIZATION AND ADMINISTRATION OF INNOVATIVE PROJECTS TO PROVIDE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME AND IMPROVE THEIR QUALITY OF LIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1#11A: The 990 return is reviewed by the CFO and director of finance. The information is discussed with the board and copies of all returns are available for their review. #11C: the organization has a written conflict of interest policy. That policy is distributed and reviewed with all employees and board members yearly. They are required to sign that they have received, read and understand the policy. That information is kept in the personnel files.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All information governing the authority and its instrumentalities are available for review at the Housing Authority. Those documents are also included in our Annual Plan that is posted on HUD's website annually.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI, Section B #11A and #11C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Section C #19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,333,360
Liabilities
$2,890,806
Net assets
$2,442,554
Revenue
$763,846
Expenses
$878,684
Net income
-$114,838
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.99$5.85$1.14$1.38$1.77$0.38
2023Detailed filing. Detailed filing data is available for this year.$7.14$5.62$1.52$1.67$1.51$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.23$5.86$1.37$1.41$1.54$0.14
2021Detailed filing. Detailed filing data is available for this year.$6.07$4.56$1.51$1.56$1.27$0.29
2020Detailed filing. Detailed filing data is available for this year.$6.06$4.85$1.22$1.23$1.37$0.14
2019Detailed filing. Detailed filing data is available for this year.$6.35$5.00$1.35$1.19$1.31$0.12
2018Detailed filing. Detailed filing data is available for this year.$6.53$5.06$1.48$1.15$1.46$0.31
2017Detailed filing. Detailed filing data is available for this year.$6.42$4.63$1.79$0.91$1.15$0.24
2016Detailed filing. Detailed filing data is available for this year.$5.77$3.79$1.98$0.75$0.98$0.22
2015Detailed filing. Detailed filing data is available for this year.$5.70$3.49$2.20$0.70$0.94$0.24
2014Detailed filing. Detailed filing data is available for this year.$5.33$2.89$2.44$0.76$0.88$0.11
2013Summary only. Only limited summary data is available for this year.$5.51$2.95$2.56$0.68$0.81$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.66$2.77$1.89$0.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$3.44$0.96$0.78
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.68$3.60$1.07$0.77