Civic Intelligence

Horizon Development Properties Inc.

990 • Fiscal year 2016 • EIN 56-2246833

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization ProfileN/A
400 east blvdCharlotte, NC 28203

(704) 336-5233

Siviq Scores

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

Liabilities / Assets

74th percentile

0.64x

Higher debt load relative to assets than 74% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

3.01x

Higher debt load relative to revenue than 87% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

95th percentile

56%

Higher net margin than 95% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

98th percentile

74%

Faster asset growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

155%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$134,413,214

Up $57,382,837 (+74%) from 2015

Net Assets

Up

$48,016,074

Up $37,204,613 (+344%) from 2015

Liabilities

Up

$86,397,140

Up $20,178,224 (+30%) from 2015

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin95th percentile

Revenue

Up

$28,656,051

Up $17,399,981 (+155%) from 2015

Expenses

Up

$12,620,420

Up $1,716,076 (+16%) from 2015

Net Income

Up

$16,035,631

Up $15,683,905 (+4459%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$600M$400M$200M$0Assets 2012: $42,105,145Liabilities 2012: $36,228,535Net Assets 2012: $5,876,6102012Assets 2013: $58,670,590Liabilities 2013: $48,973,313Net Assets 2013: $9,697,2772013Assets 2014: $68,326,906Liabilities 2014: $55,832,786Net Assets 2014: $12,494,1202014Assets 2015: $77,030,377Liabilities 2015: $66,218,916Net Assets 2015: $10,811,4612015Assets 2016: $134,413,214Liabilities 2016: $86,397,140Net Assets 2016: $48,016,0742016Assets 2017: $256,024,196Liabilities 2017: $177,889,810Net Assets 2017: $78,134,3862017Assets 2018: $251,714,409Liabilities 2018: $217,712,404Net Assets 2018: $34,002,0052018Assets 2019: $251,346,379Liabilities 2019: $219,667,864Net Assets 2019: $31,678,5152019Assets 2020: $294,872,530Liabilities 2020: $263,424,041Net Assets 2020: $31,448,4892020Assets 2021: $420,836,852Liabilities 2021: $377,644,682Net Assets 2021: $43,192,1702021Assets 2022: $528,761,139Liabilities 2022: $472,432,048Net Assets 2022: $56,329,0912022Assets 2023: $565,595,319Liabilities 2023: $464,771,841Net Assets 2023: $100,823,4782023Assets 2024: $573,740,246Liabilities 2024: $451,171,025Net Assets 2024: $122,569,2212024

Highlighted filing

2016

Assets$134,413,214
Liabilities$86,397,140
Net Assets$48,016,074
Open 2016 Filing

Operations Trend

Revenue Growth98th percentile

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

$100M$50M$0-$50MExpenses 2012: $8,557,9632012Expenses 2013: $10,051,2062013Revenue 2014: $9,632,636Expenses 2014: $9,809,317Net Income 2014: -$176,6812014Revenue 2015: $11,256,070Expenses 2015: $10,904,344Net Income 2015: $351,7262015Revenue 2016: $28,656,051Expenses 2016: $12,620,420Net Income 2016: $16,035,6312016Revenue 2017: $34,172,568Expenses 2017: $53,603,370Net Income 2017: -$19,430,8022017Revenue 2018: -$3,055,197Expenses 2018: $41,178,375Net Income 2018: -$44,233,5722018Revenue 2019: $38,838,190Expenses 2019: $44,560,195Net Income 2019: -$5,722,0052019Revenue 2020: $38,501,606Expenses 2020: $47,937,045Net Income 2020: -$9,435,4392020Revenue 2021: $43,904,469Expenses 2021: $49,840,565Net Income 2021: -$5,936,0962021Revenue 2022: $49,320,137Expenses 2022: $57,949,705Net Income 2022: -$8,629,5682022Revenue 2023: $77,541,860Expenses 2023: $71,907,736Net Income 2023: $5,634,1242023Revenue 2024: $84,376,456Expenses 2024: $94,117,044Net Income 2024: -$9,740,5882024

Highlighted filing

2016

Revenue$28,656,051
Expenses$12,620,420
Net Income$16,035,631
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$30,466,670
Mission and Program Overview

Mission

To provide affordable housing to all qualified families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$65,426,211$72,999,650▲ $7,573,439
Investments Program Related$4,301,173$26,335,221▲ $22,034,048
Savings and Temporary Cash Investments$11,585,555$12,394,103▲ $808,548
Other Notes and Loans Receivable, Net$1,329,663$1,811,658▲ $481,995
Accounts Receivable$706,780$1,190,679▲ $483,899
Prepaid Expenses and Deferred Charges$84,644$122,549▲ $37,905
Total Assets$85,896,752$134,413,214▲ $48,516,462
Other Assets Total$2,462,726$19,559,354▲ $17,096,628
Liabilities
Mortgage Notes Payable Secured by Investment Property$69,058,912$77,315,527▲ $8,256,615
Other Liabilities$4,876,881$6,563,981▲ $1,687,100
Accounts Payable and Accrued Expenses$682,827$2,305,792▲ $1,622,965
Deferred Revenue$213,427$211,840▼ $1,587
Total Liabilities$74,832,047$86,397,140▲ $11,565,093
Net Assets / Fund Balance
Unrestricted Net Assets$6,922,729$21,025,045▲ $14,102,316
Temporarily Rstr Net Assets$-2,326,936$13,547,364▲ $15,874,300
Permanently Rstr Net Assets$6,468,912$13,443,665▲ $6,974,753
Total Net Assets Fund Balance$11,064,705$48,016,074▲ $36,951,369
Total Liabilities and Net Assets / Fund Balance$85,896,752$134,413,214▲ $48,516,462

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$58,402,022$15,000,000$73,402,022
Land$12,507,281-$12,507,281
Leasehold Improvements$1,456,685$200,000$1,656,685
Equipment$633,662$44,383$678,045
Investment Program Related Org$22,835,221--
Other Assets Org$609,007--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Fulton MeachemCEO
Heather FranklinCFO
Shaunte Evanschief admin officER
Harriett HuellChief Counsel
Troy DrawzChief Operating Officer
Harold Cogdell JrCommissioner
Johnathon LahncoMMISSIONER
Linda AshendorfCommissioner
Lucy BrownCommissioner
Ray MckinnonCommiSSIONER
Sheila JonesCommissioner
Shirley FultonCommissioner

Highest Paid Contractors

ContractorServicesLocationCompensation
shiel sexton company inccontractor-park and marsh902 n capitol avenue, indianapolis, IN 46204$9,893,645
goodwill inds of the southern piedmontcontractor-seneca and woodlawn repairspo box 668768, charlotte, NC 28266$1,735,379
m-m residential llccontractor-tall oaks2201-e crownpoint executive drive, charlotte, NC 28227$1,236,150
fifth third bankvarious purchases10200 david taylor drive, charlotte, NC 28262$576,941
superior mechanical systems incboiler repairspo box 790921, charlotte, NC 28206$543,273
Revenue and Support

Revenue Composition

Contributions and Grants
$20,732,923
Program Service Revenue
$9,727,805
Investment Income
$-1,804,677
Other Revenue
$0
Change in Net Assets
$16,035,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,521,529
Salaries, Compensation, and Employee Benefits$2,098,891
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$3,511,744--$3,511,744
Other Salaries and Wages$1,541,550--$1,541,550
Occupancy$1,064,718--$1,064,718
Interest$982,764--$982,764
Other Employee Benefits$557,341--$557,341
Insurance$481,447--$481,447
Fees for Services Management$470,324--$470,324
Office Expenses$110,125$8,000-$118,125
Fees for Services Legal$69,008$10,205-$79,213
Other Expenses$60,323--$60,323
All Other Expenses$54,656--$54,656
Advertising$50,083--$50,083
Fees for Services Accounting$40,692--$40,692
Travel$17,095--$17,095
Total Functional Expenses$12,602,215$18,205$0$12,620,420
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
Noncurrent Liabilities - Other$2,938,582
Other Current Liabilities$2,859,585
Security Deposits$418,722
Deferred Inflow of Resources$347,092
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Other officer compensation reviewed
Yes
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 B, line 11B

“Part vi, section a #11 all documents are emailed to the board of commissioners and given time to review and comment prior to the filing of the 990 with the irs.”

Form 990, Part VI, Section B, line 15

“Compensation for all employees is based on a yearly review of market and industry averages as well as an external position review, which is completed every three to four years. Executive pay requires additional review that includes the following: a review of all positions from an external compensation firm (waters consultants) to ensure positions are accurate in both content and in pay scale. For executive (ceo) pay, a salary/benefit review is done approximately every two years with other agencies (both nc and sc). The utilization of the annual employer's association salary compensation review and the results of the nahro executive compensation study is also taken into account when determining executive pay.”

Form 990, Part VI, Section C, line 19

“Documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Horizon Development Properties Inc
EIN
56-2246833
Phone
7043365233
Address
400 east blvd, Charlotte, NC 28203

Signing Officer

Name
Heather
Title
Franklin
Phone
7043365233
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Franklin
Formed
2001
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Cohnreznick Llp
Address
525 North Tryon Street, Charlotte, NC 28202
Preparer
Anthony V Portal CPA
Phone
7043329100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“operating transfers in 22,728,189. operating transfer out -23,054,479. rad adjustment 21,242,028.”

Part XII Line 2C

“The Organization has a committee responsible for the oversight of the audit as well as the selection of the independent accountant.”

Part III

“Other program expenses are to develop and provide decent, safe and affordable housing to low- and moderate-income families in sustainable communities, and to support their efforts to achieve self-sufficiency.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt8CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHIEF COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHIEF OPERATING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-1810619
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt030466670
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0481447
IRS990/InsuranceGrp/TotalAmt0481447
IRS990/InterestGrp/ProgramServicesAmt0982764
IRS990/InterestGrp/TotalAmt0982764
IRS990/InvestmentIncomeGrp/ExclusionAmt05942
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05942
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt04301173
IRS990/InvestmentsProgramRelatedGrp/EOYAmt026335221
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015244383
IRS990/LandBldgEquipBasisNetGrp/BOYAmt065426211
IRS990/LandBldgEquipBasisNetGrp/EOYAmt072999650
IRS990/LandBldgEquipCostOrOtherBssAmt088244033
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01810619
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING TO ALL QUALIFIED FAMILIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt069058912
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt077315527
IRS990/NetAssetsOrFundBalancesBOYAmt011064705
IRS990/NetAssetsOrFundBalancesEOYAmt048016074
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-1810619
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1810619
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01064718
IRS990/OccupancyGrp/TotalAmt01064718
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08000
IRS990/OfficeExpensesGrp/ProgramServicesAmt0110125
IRS990/OfficeExpensesGrp/TotalAmt0118125
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02462726
IRS990/OtherAssetsTotalGrp/EOYAmt019559354
IRS990/OtherChangesInNetAssetsAmt020915738
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0557341
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0557341
IRS990/OtherExpensesGrp/Desc0Repairs and maintenance
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2Asset Managemnt
IRS990/OtherExpensesGrp/Desc3TEnant Services
IRS990/OtherExpensesGrp/ProgramServicesAmt02549666
IRS990/OtherExpensesGrp/ProgramServicesAmt1761583
IRS990/OtherExpensesGrp/ProgramServicesAmt2279096
IRS990/OtherExpensesGrp/ProgramServicesAmt360323
IRS990/OtherExpensesGrp/TotalAmt02549666
IRS990/OtherExpensesGrp/TotalAmt1761583
IRS990/OtherExpensesGrp/TotalAmt2279096
IRS990/OtherExpensesGrp/TotalAmt360323
IRS990/OtherLiabilitiesGrp/BOYAmt04876881
IRS990/OtherLiabilitiesGrp/EOYAmt06563981
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01541550
IRS990/OtherSalariesAndWagesGrp/TotalAmt01541550
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01329663
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01811658
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt06468912
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt013443665
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt084644
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0122549
IRS990/PrincipalOfficerNm0HEATHER FRANKLIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1OTHER TENANT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09555720
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1172085
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09555720
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1172085
IRS990/ProgSrvcAccomActy2Grp/Desc0Increase affordable housing opportunities for qualified families:We are continuously looking for additional opportunities to expandour capacity and provide additional affordable housing options forfamilies in need. No properties were purchased in the currentyear. However, there are many real estate deals being pursued andevaluated, with each at different stages in the process. Severalof these should be finalized in the coming year.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01677237
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02763312
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02290262
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09907
IRS990/PYOtherExpensesAmt07551745
IRS990/PYOtherRevenueAmt0224410
IRS990/PYProgramServiceRevenueAmt07523109
IRS990/PYRevenuesLessExpensesAmt0489023
IRS990/PYSalariesCompEmpBnftPaidAmt02006920
IRS990/PYTotalExpensesAmt09558665
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010047688
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt016035631
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt020732923
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt06964493
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011585555
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012394103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt020732923
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02290262
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01501573
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0746237
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03289321
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt028560316
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05942
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09907
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07318
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06870
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07051
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt037088
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt040870437
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0224410
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0136903
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0612378
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0314095
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01287786
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95570
IRS990ScheduleA/PublicSupportPY170Pct00.83580
IRS990ScheduleA/PublicSupportTotal170Amt028560316
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt020732923
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02290262
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01501573
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0746237
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03289321
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt028560316
IRS990ScheduleA/TotalSupportAmt029885190
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt058402022
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015000000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt073402022
IRS990ScheduleD/EquipmentGrp/BookValueAmt0633662
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044383
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0678045
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt03500000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt122835221
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVEST. REAL ESTATE VENTURES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CONSTRUCTION ESCROW
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt012507281
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012507281
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01456685
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0200000
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01656685
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01330
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt118949017
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2609007
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED OUTFLOW OF RESOURCES

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$134,413,214
Liabilities
$86,397,140
Net assets
$48,016,074
Revenue
$28,656,051
Expenses
$12,620,420
Net income
$16,035,631
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$574$451$123$84.4$94.1$9.74
2023Detailed filing. Detailed filing data is available for this year.$566$465$101$77.5$71.9$5.63
2022Detailed filing. Detailed filing data is available for this year.$529$472$56.3$49.3$57.9$8.63
2021Detailed filing. Detailed filing data is available for this year.$421$378$43.2$43.9$49.8$5.94
2020Detailed filing. Detailed filing data is available for this year.$295$263$31.4$38.5$47.9$9.44
2019Detailed filing. Detailed filing data is available for this year.$251$220$31.7$38.8$44.6$5.72
2018Detailed filing. Detailed filing data is available for this year.$252$218$34.0$3.06$41.2$44.2
2017Detailed filing. Detailed filing data is available for this year.$256$178$78.1$34.2$53.6$19.4
2016Detailed filing. Detailed filing data is available for this year.$134$86.4$48.0$28.7$12.6$16.0
2015Detailed filing. Detailed filing data is available for this year.$77.0$66.2$10.8$11.3$10.9$0.35
2014Detailed filing. Detailed filing data is available for this year.$68.3$55.8$12.5$9.63$9.81$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.7$49.0$9.70$10.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.1$36.2$5.88$8.56