Civic Intelligence

St. James Plaza Inc.

990 • Fiscal year 2017 • EIN 56-2022904

Oct 01, 2016 to Sep 30, 2017 • Filed on Nov 13, 2018

Organization ProfileN/A
1745 Martin Luther King Jr Pkwy EWilson, NC 27893

(336) 644-1262

Siviq Scores

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

Liabilities / Assets

97th percentile

1.76x

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

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

10.70x

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

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Net Margin

44th percentile

-30%

Higher net margin than 44% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Asset Growth

18th percentile

-4.5%

Faster asset growth than 18% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

29th percentile

-1.0%

Faster revenue growth than 29% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$1,547,524

Down $73,177 (-4.5%) from 2016

Net Assets

Down

-$1,181,759

Down $75,260 (-6.8%) from 2016

Liabilities

Up

$2,729,283

Up $2,083 (+0.1%) from 2016

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin44th percentile

Revenue

Down

$255,117

Down $2,621 (-1.0%) from 2016

Expenses

Up

$330,377

Up $3,181 (+1.0%) from 2016

Net Income

Down

-$75,260

Down $5,802 (-8.4%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $1,895,875Liabilities 2011: $2,740,508Net Assets 2011: -$844,6332011Assets 2012: $1,845,867Liabilities 2012: $2,724,138Net Assets 2012: -$878,2712012Assets 2013: $1,827,880Liabilities 2013: $2,722,578Net Assets 2013: -$894,6982013Assets 2014: $1,774,252Liabilities 2014: $2,727,043Net Assets 2014: -$952,7912014Assets 2015: $1,687,825Liabilities 2015: $2,724,866Net Assets 2015: -$1,037,0412015Assets 2016: $1,620,701Liabilities 2016: $2,727,200Net Assets 2016: -$1,106,4992016Assets 2017: $1,547,524Liabilities 2017: $2,729,283Net Assets 2017: -$1,181,7592017Assets 2018: $1,501,334Liabilities 2018: $2,724,170Net Assets 2018: -$1,222,8362018Assets 2019: $1,430,998Liabilities 2019: $2,733,423Net Assets 2019: -$1,302,4252019Assets 2020: $1,373,727Liabilities 2020: $2,727,266Net Assets 2020: -$1,353,5392020Assets 2021: $1,277,953Liabilities 2021: $2,729,035Net Assets 2021: -$1,451,0822021Assets 2022: $1,191,694Liabilities 2022: $2,731,426Net Assets 2022: -$1,539,7322022Assets 2023: $1,123,499Liabilities 2023: $2,727,773Net Assets 2023: -$1,604,2742023Assets 2024: $1,034,756Liabilities 2024: $2,737,028Net Assets 2024: -$1,702,2722024

Highlighted filing

2017

Assets$1,547,524
Liabilities$2,729,283
Net Assets-$1,181,759
Open 2017 Filing

Operations Trend

Revenue Growth29th percentile

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

$400K$200K$0-$200KExpenses 2011: $329,1872011Expenses 2012: $294,7852012Expenses 2013: $299,1262013Revenue 2014: $251,901Expenses 2014: $309,994Net Income 2014: -$58,0932014Revenue 2015: $250,439Expenses 2015: $334,689Net Income 2015: -$84,2502015Revenue 2016: $257,738Expenses 2016: $327,196Net Income 2016: -$69,4582016Revenue 2017: $255,117Expenses 2017: $330,377Net Income 2017: -$75,2602017Revenue 2018: $257,316Expenses 2018: $298,393Net Income 2018: -$41,0772018Revenue 2019: $248,515Expenses 2019: $328,104Net Income 2019: -$79,5892019Revenue 2020: $260,900Expenses 2020: $312,014Net Income 2020: -$51,1142020Revenue 2021: $254,167Expenses 2021: $351,710Net Income 2021: -$97,5432021Revenue 2022: $255,416Expenses 2022: $344,066Net Income 2022: -$88,6502022Revenue 2023: $263,340Expenses 2023: $327,882Net Income 2023: -$64,5422023Revenue 2024: $274,275Expenses 2024: $372,273Net Income 2024: -$97,9982024

Highlighted filing

2017

Revenue$255,117
Expenses$330,377
Net Income-$75,260
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Nov 13, 2018
Return Version
2016v3.0
Gross Receipts
$255,117
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$1,432,847$1,399,599▼ $33,248
Investments Program Related$170,115$129,024▼ $41,091
Cash and Non-Interest-Bearing Accounts$6,992$10,488▲ $3,496
Prepaid Expenses and Deferred Charges$5,700$3,109▼ $2,591
Accounts Receivable$256$1,274▲ $1,018
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,620,701$1,547,524▼ $73,177
Other Assets Total$4,791$4,030▼ $761
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,700,650$2,700,650→ $0
Accounts Payable and Accrued Expenses$19,791$23,322▲ $3,531
Other Liabilities$3,953$3,054▼ $899
Deferred Revenue$2,806$2,257▼ $549
Total Liabilities$2,727,200$2,729,283▲ $2,083
Net Assets / Fund Balance
Unrestricted Net Assets$-1,106,499$-1,181,759▼ $75,260
Total Net Assets Fund Balance$-1,106,499$-1,181,759▼ $75,260
Total Liabilities and Net Assets / Fund Balance$1,620,701$1,547,524▼ $73,177

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,290,341$1,116,501$2,406,842
Equipment$77,761$153,537$231,298
Other Land Buildings$21,497$7,474$28,971
Land$10,000-$10,000
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Yvonne BarnesPresident
Dorothy LaneDirector
Martha WilsonDirector
Rev Charles BarnesDirector
Robert HookerDirector
Thomas BrownDirector
Angela WhiteSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$143,924
Program Service Revenue
$109,368
Investment Income
$241
Other Revenue
$1,584
Change in Net Assets
$-75,260

Audited Revenue Reconciliation

Revenue per Audited Statements
$255,117
Total Revenue per Audited Statements
$255,117
Total Revenue per Form 990
$255,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$330,377
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$141,441--$141,441
Depreciation Depletion$84,533--$84,533
Fees for Services Management-$22,547-$22,547
Office Expenses-$12,830-$12,830
Fees for Services Accounting-$6,400-$6,400
Insurance$2,197--$2,197
Other Expenses$331--$331
Total Functional Expenses$288,600$41,777$0$330,377

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$330,377
Total Expenses per Audited Statements$330,377
Total Expenses per Form 990$330,377
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security deposits held$3,054
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 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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“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 U.S. Department of Housing and Urban Development (HUD). Under this certification, HUD has approved BRD to manage the apartment community.”

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“The members of the Corporation are to be appointed and approved by the sponsor organization, National Benevolent Association (NBA). The conditions, requirements and qualifications for membership are at the discretion of NBA.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“The sponsoring organization, NBA, appoints all members of the Corporation who are responsible for electing the Board of Directors.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“The Bylaws may be altered or amended only with a 2/3 majority vote of the Board of Directors, and a majority vote of the Board of Trustees of the sponsor organization, NBA.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Board of Directors reads and reviews Form 990 prior to approving the return for filing with the IRS.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

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

Filing and Contact Details

Filer

Filer Name
St James Plaza Inc
EIN
56-2022904
Phone
3366441262
Address
1745 Martin Luther King Jr Pkwy E, Wilson, NC 27893

Signing Officer

Name
Yvonne Barnes
Title
President
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yvonne Barnes President
Formed
1997
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Sovereign CPA Services
Address
5216 Central Ave, Indianapolis, IN 46220-3039
Preparer
Thomas Sovereign CPA
Phone
3177211727
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Accounting for uncertainty in income taxes: The Corporation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and state income tax. Accordingly, no provisions for federal and state taxes on revenue and income, or related penalties and interest, have been recognized in the accompanying financial statements. At September 30, 2017, the Corporation's tax returns for tax years 2014 through 2016 were open for examination.”

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IRS990/OtherExpensesGrp/ProgramServicesAmt2331
IRS990/OtherExpensesGrp/TotalAmt049529
IRS990/OtherExpensesGrp/TotalAmt110569
IRS990/OtherExpensesGrp/TotalAmt2331
IRS990/OtherLiabilitiesGrp/BOYAmt03953
IRS990/OtherLiabilitiesGrp/EOYAmt03054
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0Laundry & vending
IRS990/OtherRevenueMiscGrp/Desc1Sales tax refund
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0922
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1662
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0922
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1662
IRS990/OtherRevenueTotalAmt01584
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05700
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03109
IRS990/PrincipalOfficerNm0Yvonne Barnes President
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0109368
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0109368
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0143322
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0290
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0327196
IRS990/PYOtherRevenueAmt04807
IRS990/PYProgramServiceRevenueAmt0109319
IRS990/PYRevenuesLessExpensesAmt0-69458
IRS990/PYTotalExpensesAmt0327196
IRS990/PYTotalRevenueAmt0257738
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-75260
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Miscellaneous income consists of tenant charges, laundry and vending charges, refunds of expenses paid in prior years, and other income items for services provided for the convenience of the residents.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Other Income Explanation
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0143924
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0143322
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0139057
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0136231
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0166073
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0728607
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0241
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0290
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0314
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0318
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0398
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01561
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0109368
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0109319
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0109631
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0113324
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0114707
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0556349
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0241
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0290
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0314
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0318
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0398
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01561
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00170
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01584
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04807
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01437
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02028
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01521
IRS990ScheduleA/OtherIncome509Grp/TotalAmt011377
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99000
IRS990ScheduleA/PublicSupportPY509Pct00.98940
IRS990ScheduleA/PublicSupportTotal509Amt01284956
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0253292
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0252641
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0248688
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0249555
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0280780
IRS990ScheduleA/Total509Grp/TotalAmt01284956
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0255117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0257738
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0250439
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0251901
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0282699
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01297894
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/BookValueAmt01290341
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01116501
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02406842
IRS990ScheduleD/EquipmentGrp/BookValueAmt077761
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0153537
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0231298
IRS990ScheduleD/ExpensesSubtotalAmt0330377
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt010000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt021497
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07474
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028971
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03054
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security deposits held
IRS990ScheduleD/RevenueSubtotalAmt0255117
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting for uncertainty in income taxes: The Corporation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and state income tax. Accordingly, no provisions for federal and state taxes on revenue and income, or related penalties and interest, have been recognized in the accompanying financial statements. At September 30, 2017, the Corporation's tax returns for tax years 2014 through 2016 were open for examination.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01399599
IRS990ScheduleD/TotalBookValueProgramRltdAmt0129024
IRS990ScheduleD/TotalExpensesPerForm990Amt0330377
IRS990ScheduleD/TotalLiabilityAmt03054
IRS990ScheduleD/TotalRevenuePerForm990Amt0255117
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0255117
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0330377
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 U.S. Department of Housing and Urban Development (HUD). Under this certification, HUD has approved BRD to manage the apartment community.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members of the Corporation are to be appointed and approved by the sponsor organization, National Benevolent Association (NBA). The conditions, requirements and qualifications for membership are at the discretion of NBA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The sponsoring organization, NBA, appoints all members of the Corporation who are responsible for electing the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Bylaws may be altered or amended only with a 2/3 majority vote of the Board of Directors, and a majority vote of the Board of Trustees of the sponsor organization, NBA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors reads and reviews Form 990 prior to approving the return for filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors and management agent acknowledge annually that they are in compliance with the applicable policies and regulations, including standards of conduct covering conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Form 990, the governing documents, and all related financial and policy information is kept in the organization's central file room with the books and records, and made available to the public upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,547,524
Liabilities
$2,729,283
Net assets
-$1,181,759
Revenue
$255,117
Expenses
$330,377
Net income
-$75,260
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.03$2.74$1.70$0.27$0.37$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.12$2.73$1.60$0.26$0.33$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$2.73$1.54$0.26$0.34$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.28$2.73$1.45$0.25$0.35$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.37$2.73$1.35$0.26$0.31$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.43$2.73$1.30$0.25$0.33$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.50$2.72$1.22$0.26$0.30$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.55$2.73$1.18$0.26$0.33$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.62$2.73$1.11$0.26$0.33$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.69$2.72$1.04$0.25$0.33$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.77$2.73$0.95$0.25$0.31$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$2.72$0.89$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$2.72$0.88$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$2.74$0.84$0.33