Civic Intelligence

Brown Lawson Housing Development Corporation

990 • Fiscal year 2019 • EIN 57-0695687

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 17, 2020

125 W Bartlette StreetSumter, SC 29150

(803) 775-0575

Siviq Scores

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

Liabilities / Assets

68th percentile

1.09x

Higher debt load relative to assets than 68% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

2.78x

Higher debt load relative to revenue than 57% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Net Margin

58th percentile

-0.4%

Higher net margin than 58% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Asset Growth

15th percentile

-5.7%

Faster asset growth than 15% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

3.7%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,154,509

Down $130,866 (-5.7%) from 2018

Net Assets

Down

-$203,666

Down $3,540 (-1.8%) from 2018

Liabilities

Down

$2,358,175

Down $127,326 (-5.1%) from 2018

Revenue

Up

$846,926

Up $29,918 (+3.7%) from 2018

Expenses

Down

$850,466

Down $98,487 (-10%) from 2018

Net Income

Up

-$3,540

Up $128,405 (+97%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $2,682,300Liabilities 2010: $2,689,107Net Assets 2010: -$6,8072010Assets 2011: $2,698,021Liabilities 2011: $2,677,992Net Assets 2011: $20,0292011Assets 2012: $2,659,985Liabilities 2012: $2,651,395Net Assets 2012: $8,5902012Assets 2013: $2,592,511Liabilities 2013: $2,591,161Net Assets 2013: $1,3502013Assets 2014: $2,489,967Liabilities 2014: $2,558,162Net Assets 2014: -$68,1952014Assets 2015: $2,433,514Liabilities 2015: $2,536,432Net Assets 2015: -$102,9182015Assets 2016: $2,430,273Liabilities 2016: $2,515,337Net Assets 2016: -$85,0642016Assets 2017: $2,396,276Liabilities 2017: $2,464,457Net Assets 2017: -$68,1812017Assets 2018: $2,285,375Liabilities 2018: $2,485,501Net Assets 2018: -$200,1262018Assets 2019: $2,154,509Liabilities 2019: $2,358,175Net Assets 2019: -$203,6662019Assets 2020: $2,137,722Liabilities 2020: $2,342,614Net Assets 2020: -$204,8922020Assets 2021: $2,172,357Liabilities 2021: $2,250,774Net Assets 2021: -$78,4172021Assets 2022: $2,263,128Liabilities 2022: $2,280,597Net Assets 2022: -$17,4692022Assets 2023: $2,143,820Liabilities 2023: $2,168,321Net Assets 2023: -$24,5012023Assets 2024: $2,127,379Liabilities 2024: $2,127,679Net Assets 2024: -$3002024

Highlighted filing

2019

Assets$2,154,509
Liabilities$2,358,175
Net Assets-$203,666

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $668,5962010Expenses 2011: $711,7602011Expenses 2012: $771,8082012Revenue 2013: $772,851Expenses 2013: $780,091Net Income 2013: -$7,2402013Revenue 2014: $761,952Expenses 2014: $831,498Net Income 2014: -$69,5462014Revenue 2015: $803,039Expenses 2015: $837,762Net Income 2015: -$34,7232015Revenue 2016: $814,496Expenses 2016: $796,642Net Income 2016: $17,8542016Revenue 2017: $811,116Expenses 2017: $789,933Net Income 2017: $21,1832017Revenue 2018: $817,008Expenses 2018: $948,953Net Income 2018: -$131,9452018Revenue 2019: $846,926Expenses 2019: $850,466Net Income 2019: -$3,5402019Revenue 2020: $870,684Expenses 2020: $871,910Net Income 2020: -$1,2262020Revenue 2021: $883,603Expenses 2021: $757,128Net Income 2021: $126,4752021Revenue 2022: $913,073Expenses 2022: $852,125Net Income 2022: $60,9482022Revenue 2023: $937,448Expenses 2023: $944,480Net Income 2023: -$7,0322023Revenue 2024: $959,346Expenses 2024: $935,145Net Income 2024: $24,2012024

Highlighted filing

2019

Revenue$846,926
Expenses$850,466
Net Income-$3,540
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 17, 2020
Return Version
2019v5.1
Gross Receipts
$846,926
Mission and Program Overview

Mission

Brown-lawson housing development corporation, a south carolina not-for-profit corporation, was organized to construct, own, and operate a 72 unit apartment community in sumter, south carolina, known as shiloh-randolph manor, pursuant to section 202 of the national housing act, as amended. The corporation has entered into the standard fha regulatory agreements governing the operation of the project with the federal housing administration section of hud. A housing assistance payment contract (hap) with hud under section 8 of the national housing act provides rent assistance for elderly, age 62+ persons.

Brown-lawson housing development corporation, a south carolina not-for-profit corporation, was organized to construct, own, and operate a 72 unit apartment complex in sumter, south carolina, known as shiloh-randolph manor, pursuant to section 202 of the national housing act, as amended. The corporation has entered into the standard fha regulatory agreements governing the operation of the project with the federal housing administration section of hud. A housing assistance payment contract (hap) with hud under section 8 of the national housing act provides rent assistance for elderly, age 62+ persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,501,609$1,354,173▼ $147,436
Intangible Assets$109,697$105,557▼ $4,140
Cash and Non-Interest-Bearing Accounts$35,724$25,919▼ $9,805
Prepaid Expenses and Deferred Charges$6,981$23,141▲ $16,160
Savings and Temporary Cash Investments$18,780$20,732▲ $1,952
Accounts Receivable$998$3,876▲ $2,878
Total Assets$2,285,375$2,154,509▼ $130,866
Other Assets Total$611,586$621,111▲ $9,525
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,336,376$2,290,816▼ $45,560
Other Liabilities$43,833$33,594▼ $10,239
Accounts Payable and Accrued Expenses$100,994$30,479▼ $70,515
Deferred Revenue$4,298$3,286▼ $1,012
Total Liabilities$2,485,501$2,358,175▼ $127,326
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-200,126$-203,666▼ $3,540
Total Net Assets Fund Balance$-200,126$-203,666▼ $3,540
Total Liabilities and Net Assets / Fund Balance$2,285,375$2,154,509▼ $130,866

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,025,368$2,927,869$3,953,237
Leasehold Improvements$157,410$128,017$285,427
Equipment$25,395$165,894$191,289
Land$146,000-$146,000
Other Assets Org$28,715--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rev Dr William S RandolphPresident
Lc FrederickVice President
Brenda WestpointDirector
Keith IveyDirector
Rev George P Windley JrDirector
Roy GrahamDirector
Linda WheatSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$586,541
Program Service Revenue
$258,694
Investment Income
$330
Other Revenue
$1,361
Change in Net Assets
$-3,540

Audited Revenue Reconciliation

Revenue per Audited Statements
$846,926
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$846,926
Total Revenue per Form 990
$846,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$850,466
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
Depreciation Depletion$161,532--$161,532
All Other Expenses$108,166$10,807-$118,973
Interest$106,984--$106,984
Insurance$55,412--$55,412
Other Expenses$51,435--$51,435
Occupancy$50,338--$50,338
Fees for Services Management$41,446--$41,446
Office Expenses$31,414--$31,414
Fees for Services Accounting-$18,460-$18,460
Advertising$2,221--$2,221
Total Functional Expenses$821,199$29,267$0$850,466

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$850,466
Total Expenses per Audited Statements$850,466
Total Expenses per Form 990$850,466
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Doris RandolphSpouse of Board PresidentDoris Randolph Is an Employee of Multifamily Select and Works on a Full-time Basis for the Property. She Receives a Compensation Salary Consistent With Others at Her Level in an Arms Length Transaction.No$36,564
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$17,453
Accrued Interest$8,820
Accrued Management Fees$3,671
Accrued Property Taxes$3,650
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The board of directors has delegated the management of the rental apartments to multifamily select, inc. The affordable housing apartment complex is regulated by the u.s. Department of housing and urban development as to rent charges and operating methods. The management company was chosen due to its experience in management under these guidelines.

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

A copy of the form 990 is presented to the board members prior to being filed.

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

At the board meetings, directors and officers are expected to report any actual or perceived activities or circumstances that could be construed as a conflict of interest on their part.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Brown-lawson Housing Development
EIN
57-0695687
Phone
8037750575
Address
125 W BARTLETTE STREET, SUMTER, SC 29150

Signing Officer

Name
Reverend William S Randolph
Title
President
Phone
8037750575
Signed
2020-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reverend William S Randol
Formed
1978
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Casey H Patterson
Phone
3362944494
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Assisted living expenses: program service expenses 36,564. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,564. Other renting expenses: program service expenses 18,203. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,203. Administrative rent free unit: program service expenses 13,245. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,245. Payroll taxes reimbursements: program service expenses 12,264. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,264. Miscellaneous administrative expenses: program service expenses 0. Management and general expenses 10,807. Fundraising expenses 0. Total expenses 10,807. Mip / service charge: program service expenses 10,402. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,402. Real estate taxes: program service expenses 10,073. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,073. Garbage and trash removal: program service expenses 3,755. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,755. Bad debts: program service expenses 1,897. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,897. Heating/cooling repairs and maintenance: program service expenses 1,569. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,569. Vehicle repairs & maintenance: program service expenses 194. Management and general expenses 0. Fundraising expenses 0. Total expenses 194.

FORM 990, PART XII, LINE 2C:

The management company receives a copy of the audit prior to the finalization of the audit. A copy of the audit is given to all of the board members for their comments each year when the audit is up for bid. The board of directors discusses the relationship with the current auditors and makes a determination to maintain the current relationship or contract a new auditing firm.

Financial Statement Notes

PART X, LINE 2:

It is the corporation's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a 'more-likely-than-not' threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2019.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/MissionDesc0BROWN-LAWSON HOUSING DEVELOPMENT CORPORATION, A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 72 UNIT APARTMENT COMPLEX IN SUMTER, SOUTH CAROLINA, KNOWN AS SHILOH-RANDOLPH MANOR, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD UNDER SECTION 8 OF THE NATIONAL HOUSING ACT PROVIDES RENT ASSISTANCE FOR ELDERLY, AGE 62+ PERSONS.
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IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02336376
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02290816
IRS990/NetAssetsOrFundBalancesBOYAmt0-200126
IRS990/NetAssetsOrFundBalancesEOYAmt0-203666
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-200126
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-203666
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt050338
IRS990/OccupancyGrp/TotalAmt050338
IRS990/OfficeExpensesGrp/ProgramServicesAmt031414
IRS990/OfficeExpensesGrp/TotalAmt031414
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0611586
IRS990/OtherAssetsTotalGrp/EOYAmt0621111
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1PAYROLL REIMBURSEMENT
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3MANAGER AND SUPERINTEND
IRS990/OtherExpensesGrp/ProgramServicesAmt080507
IRS990/OtherExpensesGrp/ProgramServicesAmt170314
IRS990/OtherExpensesGrp/ProgramServicesAmt261430
IRS990/OtherExpensesGrp/ProgramServicesAmt351435
IRS990/OtherExpensesGrp/TotalAmt080507
IRS990/OtherExpensesGrp/TotalAmt170314
IRS990/OtherExpensesGrp/TotalAmt261430
IRS990/OtherExpensesGrp/TotalAmt351435
IRS990/OtherLiabilitiesGrp/BOYAmt043833
IRS990/OtherLiabilitiesGrp/EOYAmt033594
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01361
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01361
IRS990/OtherRevenueTotalAmt01361
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06981
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023141
IRS990/PrincipalOfficerNm0REVEREND WILLIAM S RANDOL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0246519
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110402
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21773
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0246519
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110402
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21773
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0539667
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-2397
IRS990/PYOtherExpensesAmt0948953
IRS990/PYOtherRevenueAmt01240
IRS990/PYProgramServiceRevenueAmt0278498
IRS990/PYRevenuesLessExpensesAmt0-131945
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0948953
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0817008
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-3540
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0260055
IRS990/SavingsAndTempCashInvstGrp/BOYAmt018780
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020732
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0586541
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0539667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0614239
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0624751
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0614281
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02979479
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0330
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0290
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0200
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0167
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0135
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01122
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0260055
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0279738
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0197681
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0175960
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0174801
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01088235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0330
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0290
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0200
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0135
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01122
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt013618
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt013822
IRS990ScheduleA/OtherIncome509Grp/TotalAmt027440
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99300
IRS990ScheduleA/PublicSupportPY509Pct00.98910
IRS990ScheduleA/PublicSupportTotal509Amt04067714
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0846596
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0819405
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0811920
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0800711
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0789082
IRS990ScheduleA/Total509Grp/TotalAmt04067714
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0846926
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0819695
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0812120
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0814496
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0803039
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04096276
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/BookValueAmt01025368
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02927869
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03953237
IRS990ScheduleD/EquipmentGrp/BookValueAmt025395
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0165894
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0191289
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0850466
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0146000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0146000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0157410
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0128017
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0285427
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0419572
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt118051
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2154773
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt328715
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEBT SERVICE RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVE REPLACEMENT FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3MORTGAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03671
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18820
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt217453
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33650
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED MANAGEMENT FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED PROPERTY TAXES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0846926
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE CORPORATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A 'MORE-LIKELY-THAN-NOT' THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01354173
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0621111
IRS990ScheduleD/TotalExpensesPerForm990Amt0850466
IRS990ScheduleD/TotalLiabilityAmt033594
IRS990ScheduleD/TotalRevenuePerForm990Amt0846926
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0846926
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0850466
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DORIS RANDOLPH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE OF BOARD PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt036564
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0DORIS RANDOLPH IS AN EMPLOYEE OF MULTIFAMILY SELECT AND WORKS ON A FULL-TIME BASIS FOR THE PROPERTY. SHE RECEIVES A COMPENSATION SALARY CONSISTENT WITH OTHERS AT HER LEVEL IN AN ARMS LENGTH TRANSACTION.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS HAS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO MULTIFAMILY SELECT, INC. THE AFFORDABLE HOUSING APARTMENT COMPLEX IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE MANAGEMENT COMPANY WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PRESENTED TO THE BOARD MEMBERS PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT THE BOARD MEETINGS, DIRECTORS AND OFFICERS ARE EXPECTED TO REPORT ANY ACTUAL OR PERCEIVED ACTIVITIES OR CIRCUMSTANCES THAT COULD BE CONSTRUED AS A CONFLICT OF INTEREST ON THEIR PART.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ASSISTED LIVING EXPENSES: PROGRAM SERVICE EXPENSES 36,564. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,564. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 18,203. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,203. ADMINISTRATIVE RENT FREE UNIT: PROGRAM SERVICE EXPENSES 13,245. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,245. PAYROLL TAXES REIMBURSEMENTS: PROGRAM SERVICE EXPENSES 12,264. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,264. MISCELLANEOUS ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,807. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,807. MIP / SERVICE CHARGE: PROGRAM SERVICE EXPENSES 10,402. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,402. REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 10,073. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,073. GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 3,755. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,755. BAD DEBTS: PROGRAM SERVICE EXPENSES 1,897. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,897. HEATING/COOLING REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 1,569. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,569. VEHICLE REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 194. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 194.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT PRIOR TO THE FINALIZATION OF THE AUDIT. A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS EACH YEAR WHEN THE AUDIT IS UP FOR BID. THE BOARD OF DIRECTORS DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION TO MAINTAIN THE CURRENT RELATIONSHIP OR CONTRACT A NEW AUDITING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02285375
IRS990/TotalAssetsEOYAmt02154509
IRS990/TotalAssetsGrp/BOYAmt02285375
IRS990/TotalAssetsGrp/EOYAmt02154509
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0586541

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$2.13$0.00$0.96$0.94$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.14$2.17$0.02$0.94$0.94$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.26$2.28$0.02$0.91$0.85$0.06
2021Detailed filing. Detailed filing data is available for this year.$2.17$2.25$0.08$0.88$0.76$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.14$2.34$0.20$0.87$0.87$0.00
2019Detailed filing. Detailed filing data is available for this year.$2.15$2.36$0.20$0.85$0.85$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.29$2.49$0.20$0.82$0.95$0.13
2017Detailed filing. Detailed filing data is available for this year.$2.40$2.46$0.07$0.81$0.79$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.43$2.52$0.09$0.81$0.80$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.43$2.54$0.10$0.80$0.84$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.49$2.56$0.07$0.76$0.83$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.59$2.59$0.00$0.77$0.78$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$2.65$0.01$0.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.70$2.68$0.02$0.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$2.69$0.01$0.67