Civic Intelligence

Housing Preservation Inc.

990 • Fiscal year 2016 • EIN 56-2409519

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization ProfileN/A
6060 Poplar Avenue No 425Memphis, TN 38119

(415) 572-4511

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$27,639,006

Down $5,239,538 (-16%) from 2015

Net Assets

Down

$2,246,992

Down $1,749,429 (-44%) from 2015

Liabilities

Down

$25,392,014

Down $3,490,109 (-12%) from 2015

Revenue And Expenses

Revenue

Down

$7,632,784

Down $3,190,544 (-29%) from 2015

Expenses

Up

$9,382,213

Up $1,415,862 (+18%) from 2015

Net Income

Down

-$1,749,429

Down $4,606,406 (-161%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $1,449,682Liabilities 2010: $31,200Net Assets 2010: $1,418,4822010Assets 2011: $1,362,145Liabilities 2011: $31,200Net Assets 2011: $1,330,9452011Assets 2012: $1,169,800Liabilities 2012: $35,139Net Assets 2012: $1,134,6612012Assets 2013: $23,166,311Liabilities 2013: $22,966,573Net Assets 2013: $199,7382013Assets 2014: $24,261,415Liabilities 2014: $23,121,970Net Assets 2014: $1,139,4452014Assets 2015: $32,878,544Liabilities 2015: $28,882,123Net Assets 2015: $3,996,4212015Assets 2016: $27,639,006Liabilities 2016: $25,392,014Net Assets 2016: $2,246,9922016Assets 2016: $28,155,393Liabilities 2016: $25,392,014Net Assets 2016: $2,763,3792016Assets 2017: $26,630,197Liabilities 2017: $24,538,086Net Assets 2017: $2,092,1112017Assets 2018: $25,912,739Liabilities 2018: $22,624,097Net Assets 2018: $3,288,6422018Assets 2019: $45,649,982Liabilities 2019: $14,561,450Net Assets 2019: $31,088,5322019Assets 2020: $43,297,393Liabilities 2020: $8,690,461Net Assets 2020: $34,606,9322020Assets 2021: $40,176,409Liabilities 2021: $8,417,353Net Assets 2021: $31,759,0562021Assets 2022: $38,166,515Liabilities 2022: $9,949,277Net Assets 2022: $28,217,2382022Assets 2023: $40,939,203Liabilities 2023: $13,830,488Net Assets 2023: $27,108,7152023Assets 2024: $53,926,612Liabilities 2024: $23,630,545Net Assets 2024: $30,296,0672024

Highlighted filing

2016

Assets$27,639,006
Liabilities$25,392,014
Net Assets$2,246,992
Open 2016 Filing

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2010: -$131,323Expenses 2010: $560,257Net Income 2010: -$691,5802010Expenses 2011: $554,0202011Expenses 2012: $607,5722012Revenue 2013: $6,886,435Expenses 2013: $7,821,358Net Income 2013: -$934,9232013Revenue 2014: $8,363,226Expenses 2014: $7,423,521Net Income 2014: $939,7052014Revenue 2015: $10,823,328Expenses 2015: $7,966,351Net Income 2015: $2,856,9772015Revenue 2016: $7,632,784Expenses 2016: $9,382,213Net Income 2016: -$1,749,4292016Revenue 2016: $8,149,171Expenses 2016: $9,382,213Net Income 2016: -$1,233,0422016Revenue 2017: $7,862,777Expenses 2017: $8,017,658Net Income 2017: -$154,8812017Revenue 2018: $9,106,281Expenses 2018: $8,426,137Net Income 2018: $680,1442018Revenue 2019: $33,124,122Expenses 2019: $5,324,232Net Income 2019: $27,799,8902019Revenue 2020: $9,886,403Expenses 2020: $6,368,003Net Income 2020: $3,518,4002020Revenue 2021: $5,595,751Expenses 2021: $8,443,627Net Income 2021: -$2,847,8762021Revenue 2022: $2,945,693Expenses 2022: $6,487,511Net Income 2022: -$3,541,8182022Revenue 2023: $7,677,879Expenses 2023: $8,786,402Net Income 2023: -$1,108,5232023Revenue 2024: $9,916,476Expenses 2024: $6,729,124Net Income 2024: $3,187,3522024

Highlighted filing

2016

Revenue$7,632,784
Expenses$9,382,213
Net Income-$1,749,429
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$11,563,907
Mission and Program Overview

Mission

To provide affordable residential rental units to low income individuals and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,659,715$18,615,590▼ $4,044,125
Cash and Non-Interest-Bearing Accounts$3,969,775$6,492,987▲ $2,523,212
Rtn Earn Endowment Incm Other Fnds$3,996,421$2,246,992▼ $1,749,429
Intangible Assets$1,033,793$914,912▼ $118,881
Other Notes and Loans Receivable, Net$35,164$744,662▲ $709,498
Prepaid Expenses and Deferred Charges$241,325$175,834▼ $65,491
Accounts Receivable$80,684$92,816▲ $12,132
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Investments Other Securities$-36$-382▼ $346
Investments Program Related$663,394$-4,218,663▼ $4,882,057
Total Assets$32,878,544$27,639,006▼ $5,239,538
Other Assets Total$4,194,730$4,821,250▲ $626,520
Liabilities
Mortgage Notes Payable Secured by Investment Property$27,783,436$24,225,725▼ $3,557,711
Accounts Payable and Accrued Expenses$732,757$1,023,548▲ $290,791
Other Liabilities$311,615$87,377▼ $224,238
Deferred Revenue$54,315$55,364▲ $1,049
Total Liabilities$28,882,123$25,392,014▼ $3,490,109
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,996,421$2,246,992▼ $1,749,429
Total Liabilities and Net Assets / Fund Balance$32,878,544$27,639,006▼ $5,239,538

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,692,278$2,842,916-
Land$2,923,312--
Other Assets Org$6,525--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James CarmichaelKey employeePT$285,000-$285,000
Timothy Doug GillandDirector of AcquisitionFT$93,500$178,500$272,000
Stuart JohnsonAcquisition AssociateFT$101,000-$101,000
Matthew OsbornePresidentPT$18,000-$18,000
Josh HammondDirectorPT$3,000-$3,000
Mark SegalDirectorPT$3,000-$3,000
Patrick SheadirectorPT$3,000-$3,000
Paul PonteDirectorPT$3,000-$3,000
Robert BaldacciDirectorPT$3,000-$3,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Silver Tree ResidentialManagement and bookkeeping6060 Poplar Ave Suite 425, Memphis, TN 38119$545,730
Southwestern Electric Power CompanyElectricityPO Box 24422, Canton, OH 44701$140,292
HD Supply Facilities MaintenanceBuilding supplies and installationPO Box 509058, San Diego, CA 92150$135,403
Avallone Architectural SpecialitiesFurnish and Install Doors3174 Big Daddys Road, Pickeville, NC 27863$130,604
Georgia PowerElectricity96 Annex, Atlanta, GA 30396$102,103
Revenue and Support

Revenue Composition

Contributions and Grants
$142,260
Program Service Revenue
$8,667,100
Investment Income
$1,268,877
Other Revenue
$-2,445,453
Change in Net Assets
$-1,749,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,980,089
Salaries, Compensation, and Employee Benefits$2,388,874
Grants and Similar Amounts Paid$13,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,136,223--$2,136,223
Interest$1,363,103--$1,363,103
Depreciation Depletion$759,158--$759,158
Fees for Services Management$452,488--$452,488
All Other Expenses$422,882--$422,882
Insurance$361,982--$361,982
Other Expenses$211,528--$211,528
Fees for Services Accounting$161,601--$161,601
Payroll Taxes$126,443--$126,443
Fees for Services Legal$120,305--$120,305
Other Employee Benefits$111,208--$111,208
Travel$68,346--$68,346
Office Expenses$49,330--$49,330
Information Technology$34,225--$34,225
Advertising$28,426--$28,426
Current Officers, Directors, Trustees, and Key Employees$15,000--$15,000
Grants to Domestic Orgs$13,250--$13,250
Total Functional Expenses$9,382,213$0$0$9,382,213
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Neighborhood Christian Centers Inc-501(c)(3)Community outreach and mission assistance.$10,000
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
James CarmichaelJoint Venture partnership interests in Unico village II, LPPurchase of Unico Village II, LP. Housing Preservation Inc is a 9% owner, James Carmichael is a 75% direct owner and 16% indirect owner of Unico Village II, LP. HUD requires a 501(c)(3) be one of the owners of the property.No-
James CarmichaelJoint Venture Partnership Interests in Campbell Court, LPPurchase of Campbell Court, LP. Housing Preservation Inc is a 25% owner, James Carmichael is a 75% owner in Campbell Court, LP. HUD requires a 501(c)(3) be one of the owners of the property.No-
James Carmichaeljoint Venture Partnership Interests in Olde Kensington, LPPurchase of Master SPE, LLC - a 25% owner of Olde Kensington, LP. Housing Preservation Inc owns 100% of Master SPE, LLC. James Carmichael directly owns 75% of Olde Kensington, LP. HUD requires a 501(c)(3) be one of the owners of the property.No-
James Carmichaeljoint Venture Partnership Interests in Gateway Terrace II, LPPurchase of 25% Interest of Gateway Terrace II, LP. James Carmichael directly owns 75% of Gateway Terrace II, LP. HUD requires a 501(c)(3) be one of the owners of the property.No-
James Carmichaeljoint Venture Partnership Interests in Calvary Towers, LPPurchase of 25% Interest of Calvary Towers, LP. James Carmichael directly owns 37.5% of Calvary Towers, LP. HUD requires a 501(c)(3) be one of the owners of the property.No-
James CarmichaelJoint Venture Partnership Interests in OWL Seniors, LP.Purchase of 25% interest of OWL Seniors, LP. James Carmichael directly owns 75% of OWL Seniors, LP. HUD requires a 501(c)(3) be one of the owners of the property.No-
James CarmichaelJoint Venture Partnership Interests in Silvertree Seniors, LLCPurchase of 25% interest of Silvertree Seniors, LLC. James Carmichael directly owns 75% of Silvertree Seniors, LLC. HUD requires a 501(c)(3) be one of the owners of the property.No-
James CarmichaelSale of property to key employeeSale of Jordan Square Apartments to JS InvestmentsNo-
james CarmichaelJoint Venture Partnership Interests in Daniel Gilmartin, LPPurchase of Daniel Gilmartin, LP and ownership of associated LLC Daniel Gilmartin GP, LLC. Housing Preservation Inc is a 25% owner, James Carmichael is a 75% owner. HUD requires a 501(c)(3) be one of the owners of the property.No-
james Carmichaeljoint Venture Partnership Interests in Luther Acres, LLCPurchase of Luther Acres, LLC - a 1% owner of Luther Acres Urban Renewal, LP. Housing Preservation Inc owns .5% of Luther Acres Urban Renewal, LP through its 50% ownership of Luther Acres, LLC. James Carmichael directly owns 49.5% of Luther Acres Urban Renewal, LP. HUD requires a 501(c)(3) be one of the owners of the property.No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Deposits$140,476
Other Liabilities$-53,099
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“Tax return is reviewed by the Board and any concerns or issues are addressed prior to filing the return.”

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

“Annual and ongoing monitoring, any potential conflicts are reviewed by an attorney.”

Form 990, Part VI, Section B, line 15

“A compensation study was prepared by an independent compensation evalutation company and the resulting recommendations were adopted.”

Form 990, Part VI, Section C, line 19

“They are available by mail or public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Housing Preservation Inc
EIN
56-2409519
Phone
4155724511
Address
6060 Poplar Avenue No 425, Memphis, TN 38119

Signing Officer

Name
Matthew Osborne
Title
President
Phone
4155724511
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Osborne
Formed
2003
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
202
Volunteers
0

Preparer

Firm
Sterck Kulik O'Neill Acctng Grp Inc
Address
150 Post Street Suite 350, San Francisco, CA 94108-4707
Preparer
Charles R Sterck
Phone
4154334500
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

“The organization uses the cash method of accounting for transactions and the 100% owned single member LLCs use the accrual method of accounting.”

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IRS990/GovernmentGrantsAmt0142260
IRS990/GrantAmt013250
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt013250
IRS990/GrantsToDomesticOrgsGrp/TotalAmt013250
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt05200000
IRS990/GrossReceiptsAmt011563907
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt034225
IRS990/InformationTechnologyGrp/TotalAmt034225
IRS990/InsuranceGrp/ProgramServicesAmt0361982
IRS990/InsuranceGrp/TotalAmt0361982
IRS990/IntangibleAssetsGrp/BOYAmt01033793
IRS990/IntangibleAssetsGrp/EOYAmt0914912
IRS990/InterestGrp/ProgramServicesAmt01363103
IRS990/InterestGrp/TotalAmt01363103
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0-36
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0-382
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0663394
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0-4218663
IRS990/IRPDocumentCnt0253
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02842916
IRS990/LandBldgEquipBasisNetGrp/BOYAmt022659715
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018615590
IRS990/LandBldgEquipCostOrOtherBssAmt021458506
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt03931123
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt0-2906061
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt029451
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0-2876610
IRS990/MissionDesc0To provide affordable residential rental units to low income individuals and families.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt027783436
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt024225725
IRS990/NetAssetsOrFundBalancesBOYAmt03996421
IRS990/NetAssetsOrFundBalancesEOYAmt02246992
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01268877
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01268877
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt049330
IRS990/OfficeExpensesGrp/TotalAmt049330
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04194730
IRS990/OtherAssetsTotalGrp/EOYAmt04821250
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0111208
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0111208
IRS990/OtherExpensesGrp/Desc0Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc1Utilities
IRS990/OtherExpensesGrp/Desc2Supplies
IRS990/OtherExpensesGrp/Desc3Security
IRS990/OtherExpensesGrp/ProgramServicesAmt01295585
IRS990/OtherExpensesGrp/ProgramServicesAmt11208565
IRS990/OtherExpensesGrp/ProgramServicesAmt2442565
IRS990/OtherExpensesGrp/ProgramServicesAmt3211528
IRS990/OtherExpensesGrp/TotalAmt01295585
IRS990/OtherExpensesGrp/TotalAmt11208565
IRS990/OtherExpensesGrp/TotalAmt2442565
IRS990/OtherExpensesGrp/TotalAmt3211528
IRS990/OtherLiabilitiesGrp/BOYAmt0311615
IRS990/OtherLiabilitiesGrp/EOYAmt087377
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0General Partner Fees
IRS990/OtherRevenueMiscGrp/Desc1Cable Revenue
IRS990/OtherRevenueMiscGrp/Desc2Other Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0276498
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt180399
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt274260
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0276498
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt180399
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt274260
IRS990/OtherRevenueTotalAmt0-2445453
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02136223
IRS990/OtherSalariesAndWagesGrp/TotalAmt02136223
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt035164
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0744662
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0126443
IRS990/PayrollTaxesGrp/TotalAmt0126443
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0241325
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0175834
IRS990/PrincipalOfficerNm0Matthew Osborne
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Low Income Housing Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08667100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08667100
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt088063
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt05000
IRS990/PYInvestmentIncomeAmt02800362
IRS990/PYOtherExpensesAmt05829516
IRS990/PYOtherRevenueAmt0167831
IRS990/PYProgramServiceRevenueAmt07767072
IRS990/PYRevenuesLessExpensesAmt02856977
IRS990/PYSalariesCompEmpBnftPaidAmt02131835
IRS990/PYTotalExpensesAmt07966351
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010823328
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1749429
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07632784
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03996421
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02246992
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0142260
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt088063
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0126918
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0357241
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01751
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03073
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03354
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08178
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt07632784
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07767072
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt07463008
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt06772945
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05742837
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt035378646
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01751
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03073
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03354
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08178
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt035735887
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt07775044
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt07855135
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt07589926
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt06772945
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05742837
IRS990ScheduleA/Total509Grp/TotalAmt035735887
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt07775044
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt07855135
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt07591677
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt06776018
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05746191
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt035744065
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/BookValueAmt015692278
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02842916
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt018535194
IRS990ScheduleD/LandGrp/BookValueAmt02923312
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02923312
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0193626
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1261478
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt24359621
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt36525
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Cedar Hills
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Tenant Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Reserves and Escrows
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Deposits-Utility
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0140476
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-53099
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other Liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018615590
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04821250
IRS990ScheduleD/TotalLiabilityAmt087377
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$27,639,006
Liabilities
$25,392,014
Net assets
$2,246,992
Revenue
$7,632,784
Expenses
$9,382,213
Net income
-$1,749,429
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.9$23.6$30.3$9.92$6.73$3.19
2023Detailed filing. Detailed filing data is available for this year.$40.9$13.8$27.1$7.68$8.79$1.11
2022Detailed filing. Detailed filing data is available for this year.$38.2$9.95$28.2$2.95$6.49$3.54
2021Detailed filing. Detailed filing data is available for this year.$40.2$8.42$31.8$5.60$8.44$2.85
2020Detailed filing. Detailed filing data is available for this year.$43.3$8.69$34.6$9.89$6.37$3.52
2019Detailed filing. Detailed filing data is available for this year.$45.6$14.6$31.1$33.1$5.32$27.8
2018Detailed filing. Detailed filing data is available for this year.$25.9$22.6$3.29$9.11$8.43$0.68
2017Detailed filing. Detailed filing data is available for this year.$26.6$24.5$2.09$7.86$8.02$0.15
2016Detailed filing. Detailed filing data is available for this year.$28.2$25.4$2.76$8.15$9.38$1.23
2016Detailed filing. Detailed filing data is available for this year.$27.6$25.4$2.25$7.63$9.38$1.75
2015Detailed filing. Detailed filing data is available for this year.$32.9$28.9$4.00$10.8$7.97$2.86
2014Detailed filing. Detailed filing data is available for this year.$24.3$23.1$1.14$8.36$7.42$0.94
2013Detailed filing. Detailed filing data is available for this year.$23.2$23.0$0.20$6.89$7.82$0.93
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.04$1.13$0.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.03$1.33$0.55
2010Summary only. Only limited summary data is available for this year.$1.45$0.03$1.42$0.13$0.56$0.69