Civic Intelligence

Macgregor Housing Development Corporation

990 • Fiscal year 2022 • EIN 56-2237995

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 08, 2023

Organization ProfileN/A
113 South Wilmington StreetRaleigh, NC 27601

(336) 765-0424

Siviq Scores

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

Liabilities / Assets

85th percentile

1.59x

Higher debt load relative to assets than 85% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

11.96x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Net Margin

32nd percentile

-22%

Higher net margin than 32% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$271,007

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 149.2% of source-year revenue.

2022 filings • NTEE L • $1M-$5M nonprofits • Source year 2022

Asset Growth

60th percentile

-0.6%

Faster asset growth than 60% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-21%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$1,364,626

Down $8,277 (-0.6%) from 2021

Net Assets

Down

-$808,723

Down $40,259 (-5.2%) from 2021

Liabilities

Up

$2,173,349

Up $31,982 (+1.5%) from 2021

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin32nd percentile

Revenue

Down

$181,682

Down $48,968 (-21%) from 2021

Expenses

Down

$221,941

Down $17,418 (-7.3%) from 2021

Net Income

Down

-$40,259

Down $31,550 (-362%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,923,517Liabilities 2010: $2,255,228Net Assets 2010: -$331,7112010Assets 2011: $1,851,752Liabilities 2011: $2,241,200Net Assets 2011: -$389,4482011Assets 2012: $1,800,713Liabilities 2012: $2,229,687Net Assets 2012: -$428,9742012Assets 2013: $1,740,188Liabilities 2013: $2,216,878Net Assets 2013: -$476,6902013Assets 2014: $1,675,502Liabilities 2014: $2,203,934Net Assets 2014: -$528,4322014Assets 2015: $1,631,492Liabilities 2015: $2,193,160Net Assets 2015: -$561,6682015Assets 2016: $1,584,395Liabilities 2016: $2,184,189Net Assets 2016: -$599,7942016Assets 2017: $1,509,865Liabilities 2017: $2,167,415Net Assets 2017: -$657,5502017Assets 2018: $1,459,659Liabilities 2018: $2,157,724Net Assets 2018: -$698,0652018Assets 2019: $1,415,485Liabilities 2019: $2,148,987Net Assets 2019: -$733,5022019Assets 2020: $1,388,826Liabilities 2020: $2,148,581Net Assets 2020: -$759,7552020Assets 2021: $1,372,903Liabilities 2021: $2,141,367Net Assets 2021: -$768,4642021Assets 2022: $1,364,626Liabilities 2022: $2,173,349Net Assets 2022: -$808,7232022Assets 2023: $1,280,421Liabilities 2023: $2,081,407Net Assets 2023: -$800,9862023Assets 2024: $1,255,868Liabilities 2024: $2,078,339Net Assets 2024: -$822,4712024

Highlighted filing

2022

Assets$1,364,626
Liabilities$2,173,349
Net Assets-$808,723
Open 2022 Filing

Operations Trend

Revenue Growth10th percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $197,9532010Expenses 2011: $208,3952011Expenses 2012: $190,4852012Revenue 2013: $168,489Expenses 2013: $216,205Net Income 2013: -$47,7162013Revenue 2014: $169,860Expenses 2014: $221,602Net Income 2014: -$51,7422014Revenue 2015: $170,929Expenses 2015: $204,165Net Income 2015: -$33,2362015Revenue 2016: $173,458Expenses 2016: $211,584Net Income 2016: -$38,1262016Revenue 2017: $187,338Expenses 2017: $245,094Net Income 2017: -$57,7562017Revenue 2018: $182,574Expenses 2018: $223,089Net Income 2018: -$40,5152018Revenue 2019: $188,352Expenses 2019: $223,789Net Income 2019: -$35,4372019Revenue 2020: $197,226Expenses 2020: $223,479Net Income 2020: -$26,2532020Revenue 2021: $230,650Expenses 2021: $239,359Net Income 2021: -$8,7092021Revenue 2022: $181,682Expenses 2022: $221,941Net Income 2022: -$40,2592022Revenue 2023: $213,197Expenses 2023: $205,460Net Income 2023: $7,7372023Revenue 2024: $219,798Expenses 2024: $241,283Net Income 2024: -$21,4852024

Highlighted filing

2022

Revenue$181,682
Expenses$221,941
Net Income-$40,259
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$200,893
Mission and Program Overview

Mission

The organization provides apartments to low-income households in pitt county with preference to victims of hurricane floyd.

To develop, construct, own, and operate a low income housing complex in pitt county, nc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,085,462$1,098,788▲ $13,326
Cash and Non-Interest-Bearing Accounts$194,630$156,554▼ $38,076
Savings and Temporary Cash Investments$82,543$106,612▲ $24,069
Prepaid Expenses and Deferred Charges$9,792$1,959▼ $7,833
Accounts Receivable$476$713▲ $237
Total Assets$1,372,903$1,364,626▼ $8,277
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,084,313$2,066,959▼ $17,354
Accounts Payable and Accrued Expenses$36,034$91,025▲ $54,991
Other Liabilities$21,020$15,365▼ $5,655
Total Liabilities$2,141,367$2,173,349▲ $31,982
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-768,464$-808,723▼ $40,259
Total Net Assets Fund Balance$-768,464$-808,723▼ $40,259
Total Liabilities and Net Assets / Fund Balance$1,372,903$1,364,626▼ $8,277

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$943,589$965,491$1,909,080
Land$147,030-$147,030
Leasehold Improvements$8,169$104,906$113,075
Equipment$0$85,644$85,644
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleOtherTotal
Michael RodgersDirector or Re Develop.$148,159$148,159
Michael WardTreasurer$145,475$145,475
Kayla RosenbergSenior Project Manager$132,485$132,485
Jennifer FoellSecretary$93,513$93,513

Board Members and Trustees

NameTitle
Mia BaileyChair
Yolanda WinsteadPresident
Betsy RozakisVice Chair
Natalie BrittVice President
Sharon LordenVice President
Gordon GrubbDirector
Jordan ManessDirector
Tyler CraftDirector
Sheila PorterAssistant Secretary
Rodney BrownVP of Asset Mgmt
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$199,684
Investment Income
$-18,002
Other Revenue
$0
Change in Net Assets
$-40,259

Audited Revenue Reconciliation

Revenue per Audited Statements
$181,682
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$181,682
Total Revenue per Form 990
$181,682
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,481
Salaries, Compensation, and Employee Benefits$61,460
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$59,376--$59,376
Depreciation Depletion$50,964--$50,964
Other Salaries and Wages$49,726--$49,726
Fees for Services Management-$19,313-$19,313
Fees for Services Accounting-$10,054-$10,054
Other Employee Benefits$8,325--$8,325
Interest$4,271--$4,271
Payroll Taxes$3,409--$3,409
Office Expenses$1,852--$1,852
Other Expenses$427--$427
Advertising$16--$16
Total Functional Expenses$192,574$29,367$0$221,941

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$221,941
Total Expenses per Audited Statements$221,941
Total Expenses per Form 990$221,941
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
Tenant Security Deposits$14,186
Prepaid Rent$1,179
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
Yes
Other officer compensation reviewed
Yes
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

“A rental management company manages the day to day operations of the apartment complex, personnel supervision, planning and executing budgets.”

Form 990, Part VI, Section A, Line 7A

“The board of dhic has the ability to elect one or more of the board members of the organization.”

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

“A draft of form 990 is provided either by email or hard copy to the members of the finance and audit committee for review before finalizing.”

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

“The organization periodically reviews the written conflict of interest policy. The organization asks board members to disclose any conflicts to the executive director and at board meetings.”

Form 990, Part VI, Section B, Line 15

“The organization's officers are paid through dhic which has its own compensation policies.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and conflict of interest policy is available upon request. The financial statements are also available upon request and on guidestar. Form 990 is available upon request and on guidestar.”

Filing and Contact Details

Filer

Filer Name
Macgregor Housing Development
EIN
56-2237995
Phone
3367650424
Address
113 SOUTH WILMINGTON STREET, RALEIGH, NC 27601

Signing Officer

Name
Yolanda Winstead
Title
President
Phone
3367650424
Signed
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yolanda Winstead
Formed
2001
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Forvis Llp
Address
1829 EASTCHESTER DRIVE, HIGH POINT, NC 27265
Preparer
Kevin Rayfield
Phone
3368895156
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code; accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. The corporation had determined that it does not have any material unrecognized tax benefits or obligations as of december 31, 2022. Fiscal years ending on or after december 31, 2019 remain subject to examination by federal and state tax authorities.”

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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt01085462
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01098788
IRS990/LandBldgEquipCostOrOtherBssAmt02254829
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt019211
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION PROVIDES APARTMENTS TO LOW-INCOME HOUSEHOLDS IN PITT COUNTY WITH PREFERENCE TO VICTIMS OF HURRICANE FLOYD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02084313
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02066959
IRS990/NetAssetsOrFundBalancesBOYAmt0-768464
IRS990/NetAssetsOrFundBalancesEOYAmt0-808723
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-19211
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-19211
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-768464
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-808723
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt059376
IRS990/OccupancyGrp/TotalAmt059376
IRS990/OfficeExpensesGrp/ProgramServicesAmt01852
IRS990/OfficeExpensesGrp/TotalAmt01852
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08325
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08325
IRS990/OtherExpensesGrp/Desc0OTHER TAXES & INSURANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt09371
IRS990/OtherExpensesGrp/ProgramServicesAmt14837
IRS990/OtherExpensesGrp/ProgramServicesAmt2427
IRS990/OtherExpensesGrp/TotalAmt09371
IRS990/OtherExpensesGrp/TotalAmt14837
IRS990/OtherExpensesGrp/TotalAmt2427
IRS990/OtherLiabilitiesGrp/BOYAmt021020
IRS990/OtherLiabilitiesGrp/EOYAmt015365
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt049726
IRS990/OtherSalariesAndWagesGrp/TotalAmt049726
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03409
IRS990/PayrollTaxesGrp/TotalAmt03409
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09792
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01959
IRS990/PrincipalOfficerNm0YOLANDA WINSTEAD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0192528
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17156
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0192528
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17156
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0313
IRS990/PYOtherExpensesAmt0201739
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0230337
IRS990/PYRevenuesLessExpensesAmt0-8709
IRS990/PYSalariesCompEmpBnftPaidAmt037620
IRS990/PYTotalExpensesAmt0239359
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0230650
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-40259
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0199684
IRS990/SavingsAndTempCashInvstGrp/BOYAmt082543
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0106612
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01209
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0313
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01690
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02683
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01874
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07769
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0192528
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0191621
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0188784
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0181552
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0175482
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0929967
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt07156
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt038716
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt06752
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt05489
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt05218
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt063331
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01209
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0313
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01690
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02683
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01874
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07769
IRS990ScheduleA/InvestmentIncomeCYPct00.00780
IRS990ScheduleA/InvestmentIncomePYPct00.00820
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99220
IRS990ScheduleA/PublicSupportPY509Pct00.99180
IRS990ScheduleA/PublicSupportTotal509Amt0993298
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0199684
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0230337
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0195536
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0187041
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0180700
IRS990ScheduleA/Total509Grp/TotalAmt0993298
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0200893
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0230650
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0197226
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0189724
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0182574
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01001067
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0943589
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0965491
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01909080
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt085644
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085644
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0221941
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0147030
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0147030
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08169
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0104906
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0113075
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01179
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114186
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0181682
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE CORPORATION HAD DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2022. FISCAL YEARS ENDING ON OR AFTER DECEMBER 31, 2019 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01098788
IRS990ScheduleD/TotalExpensesPerForm990Amt0221941
IRS990ScheduleD/TotalLiabilityAmt015365
IRS990ScheduleD/TotalRevenuePerForm990Amt0181682
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0181682
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0221941
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,364,626
Liabilities
$2,173,349
Net assets
-$808,723
Revenue
$181,682
Expenses
$221,941
Net income
-$40,259
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$2.08$0.82$0.22$0.24$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.28$2.08$0.80$0.21$0.21$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.36$2.17$0.81$0.18$0.22$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.37$2.14$0.77$0.23$0.24$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.39$2.15$0.76$0.20$0.22$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.42$2.15$0.73$0.19$0.22$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.46$2.16$0.70$0.18$0.22$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.51$2.17$0.66$0.19$0.25$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.58$2.18$0.60$0.17$0.21$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.63$2.19$0.56$0.17$0.20$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.68$2.20$0.53$0.17$0.22$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.74$2.22$0.48$0.17$0.22$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$2.23$0.43$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$2.24$0.39$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$2.26$0.33$0.20