Civic Intelligence

Sixty Two Plaza Central Inc.

990 • Fiscal year 2015 • EIN 57-0847464

Jul 01, 2014 to Jun 30, 2015 • Filed on Sep 10, 2015

Organization ProfileN/A
PO Box 1323Pickens, SC 29671

(803) 536-1056

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.03x

Higher debt load relative to assets than 93% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

95th percentile

2.82x

Higher debt load relative to revenue than 95% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

32nd percentile

-3.2%

Faster asset growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

56th percentile

6.3%

Faster revenue growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$628,579

Down $21,099 (-3.2%) from 2014

Net Assets

Down

-$21,265

Down $31,552 (-307%) from 2014

Liabilities

Up

$649,844

Up $10,453 (+1.6%) from 2014

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin18th percentile

Revenue

Up

$230,322

Up $13,613 (+6.3%) from 2014

Expenses

Up

$261,874

Up $34,750 (+15%) from 2014

Net Income

Down

-$31,552

Down $21,137 (-203%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$800K$600K$400K$200K$0-$200KAssets 2011: $672,583Liabilities 2011: $685,145Net Assets 2011: -$12,5622011Assets 2012: $672,592Liabilities 2012: $673,227Net Assets 2012: -$6352012Assets 2013: $676,049Liabilities 2013: $655,347Net Assets 2013: $20,7022013Assets 2014: $649,678Liabilities 2014: $639,391Net Assets 2014: $10,2872014Assets 2015: $628,579Liabilities 2015: $649,844Net Assets 2015: -$21,2652015Assets 2016: $604,881Liabilities 2016: $612,427Net Assets 2016: -$7,5462016Assets 2017: $627,418Liabilities 2017: $616,204Net Assets 2017: $11,2142017Assets 2018: $614,707Liabilities 2018: $599,528Net Assets 2018: $15,1792018Assets 2019: $614,843Liabilities 2019: $580,880Net Assets 2019: $33,9632019Assets 2020: $588,297Liabilities 2020: $554,350Net Assets 2020: $33,9472020Assets 2021: $603,331Liabilities 2021: $531,671Net Assets 2021: $71,6602021Assets 2022: $579,823Liabilities 2022: $506,129Net Assets 2022: $73,6942022Assets 2023: $605,374Liabilities 2023: $458,891Net Assets 2023: $146,4832023Assets 2024: $690,306Liabilities 2024: $471,144Net Assets 2024: $219,1622024Assets 2025: $657,849Liabilities 2025: $398,417Net Assets 2025: $259,4322025

Highlighted filing

2015

Assets$628,579
Liabilities$649,844
Net Assets-$21,265
Open 2015 Filing

Operations Trend

Revenue Growth56th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $231,541Expenses 2011: $216,183Net Income 2011: $15,3582011Revenue 2012: $238,435Expenses 2012: $226,508Net Income 2012: $11,9272012Expenses 2013: $222,5962013Revenue 2014: $216,709Expenses 2014: $227,124Net Income 2014: -$10,4152014Revenue 2015: $230,322Expenses 2015: $261,874Net Income 2015: -$31,5522015Revenue 2016: $252,012Expenses 2016: $238,293Net Income 2016: $13,7192016Revenue 2017: $267,242Expenses 2017: $248,482Net Income 2017: $18,7602017Revenue 2018: $255,139Expenses 2018: $251,174Net Income 2018: $3,9652018Revenue 2019: $266,552Expenses 2019: $247,768Net Income 2019: $18,7842019Revenue 2020: $265,379Expenses 2020: $265,395Net Income 2020: -$162020Revenue 2021: $296,798Expenses 2021: $259,085Net Income 2021: $37,7132021Revenue 2022: $276,359Expenses 2022: $274,325Net Income 2022: $2,0342022Revenue 2023: $275,295Expenses 2023: $202,506Net Income 2023: $72,7892023Revenue 2024: $292,621Expenses 2024: $219,942Net Income 2024: $72,6792024Revenue 2025: $299,314Expenses 2025: $259,044Net Income 2025: $40,2702025

Highlighted filing

2015

Revenue$230,322
Expenses$261,874
Net Income-$31,552
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Sep 10, 2015
Return Version
2014v5.0
Gross Receipts
$230,322
Mission and Program Overview

Mission

Sixty-two plaza central, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of south carolina. The corporation was formed for the purpose of operating a 24-unit project known as sixty-two plaza apartments located in central, south carolina, which provides housing for low income elderly persons, pursuant to section 202 of the national housing act, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$451,740$450,778▼ $962
Investments Program Related$183,466$156,599▼ $26,867
Accounts Receivable$5,653$10,289▲ $4,636
Prepaid Expenses and Deferred Charges$2,950$2,950→ $0
Cash and Non-Interest-Bearing Accounts$1,119$1,682▲ $563
Total Assets$649,678$628,579▼ $21,099
Other Assets Total$4,750$6,281▲ $1,531
Liabilities
Mortgage Notes Payable Secured by Investment Property$622,390$605,252▼ $17,138
Accounts Payable and Accrued Expenses$12,143$31,158▲ $19,015
Other Liabilities$4,750$13,432▲ $8,682
Deferred Revenue$108$2▼ $106
Total Liabilities$639,391$649,844▲ $10,453
Net Assets / Fund Balance
Unrestricted Net Assets$10,287$-21,265▼ $31,552
Total Net Assets Fund Balance$10,287$-21,265▼ $31,552
Total Liabilities and Net Assets / Fund Balance$649,678$628,579▼ $21,099

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$395,418$523,915$919,333
Equipment$36,360$30,066$66,426
Land$19,000-$19,000
Investment Program Related Org$13,151--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Jb Kelley2nd Chair
Steve CroweChairman
Dan HuntBoard Member
Martha DaltonBoard Member
Stanley H ThompsonBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$175,041
Program Service Revenue
$53,125
Investment Income
$170
Other Revenue
$1,986
Change in Net Assets
$-31,552

Audited Revenue Reconciliation

Revenue per Audited Statements
$230,322
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$230,322
Total Revenue per Form 990
$230,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$261,874
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$122,567--$122,567
Depreciation Depletion$29,770--$29,770
Fees for Services Management-$14,277-$14,277
Fees for Services Accounting-$7,130-$7,130
Office Expenses-$6,830-$6,830
Travel-$1,965-$1,965
Insurance$1,023--$1,023
Other Expenses$827--$827
Advertising-$237-$237
Total Functional Expenses$231,435$30,439$0$261,874

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$261,874
Expenses per Audited Statements$261,455
Total Expenses per Audited Statements$261,455
Expenses Not Reported on Financial Statements$419
Other Expense Adjustments$419
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
Residual Receipts Recapture$7,151
Tenant Security Deposits$6,281
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 organization has entered into a management agreement with a management agent for day-to-day management of the apartment community as is customary for owners/operators of hud-assisted rental communities. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”

Form 990, Part VI, Section B, Line 11

“The return is prepared by a cpa firm and sent to the management agent for initial review and approval. The management agent then sends the return to the board of directors for final review, approval and signature.”

Form 990, Part VI, Section C, Line 19

“Documents are maintained by the board of directors and copies are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Sixty-two Plaza Central Inc
EIN
57-0847464
Phone
8035361056
Address
PO BOX 1323, PICKENS, SC 29671
Doing Business As
Sixty-two Plaza Apartments

Signing Officer

Name
Steve Crowe
Title
Chairman
Phone
8035361056
Signed
2015-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Crowe
Formed
1990
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD STE 300, CARMEL, IN 46032
Preparer
Kyle Waldman
Phone
3178485700
Supplemental Narrative

Additional Explanations

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. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Book/tax depreciation expense difference 419.”

Raw XML AppendixShowing 400 of 436 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYTotalExpensesAmt0227124
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0216709
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-31552
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt053125
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0175041
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0166648
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0186541
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0186261
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0178695
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0893186
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0170
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0211
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0228
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0470
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0291
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01370
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt053125
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt048661
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt056083
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt050316
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt050498
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0258683
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0170
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0211
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0228
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0470
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0291
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01370
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00200
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01986
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01189
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01081
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01388
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02057
IRS990ScheduleA/OtherIncome509Grp/TotalAmt07701
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99220
IRS990ScheduleA/PublicSupportPY509Pct00.99130
IRS990ScheduleA/PublicSupportTotal509Amt01151869
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0228166
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0215309
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0242624
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0236577
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0229193
IRS990ScheduleA/Total509Grp/TotalAmt01151869
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0230322
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0216709
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0243933
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0238435
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0231541
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01160940
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/BookValueAmt0395418
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0523915
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0919333
IRS990ScheduleD/EquipmentGrp/BookValueAmt036360
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030066
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066426
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0419
IRS990ScheduleD/ExpensesSubtotalAmt0261455
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0136783
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt16665
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt213151
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt019000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt019000
IRS990ScheduleD/OtherExpensesNotIncludedAmt0419
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06281
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17151
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESIDUAL RECEIPTS RECAPTURE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0230322
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK/TAX DEPRECIATION EXPENSE DIFFERENCE 419.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0450778
IRS990ScheduleD/TotalBookValueProgramRltdAmt0156599
IRS990ScheduleD/TotalExpensesPerForm990Amt0261874
IRS990ScheduleD/TotalLiabilityAmt013432
IRS990ScheduleD/TotalRevenuePerForm990Amt0230322
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0230322
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0261455
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT AGENT FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS CUSTOMARY FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS PREPARED BY A CPA FIRM AND SENT TO THE MANAGEMENT AGENT FOR INITIAL REVIEW AND APPROVAL. THE MANAGEMENT AGENT THEN SENDS THE RETURN TO THE BOARD OF DIRECTORS FOR FINAL REVIEW, APPROVAL AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0649678
IRS990/TotalAssetsEOYAmt0628579
IRS990/TotalAssetsGrp/BOYAmt0649678
IRS990/TotalAssetsGrp/EOYAmt0628579
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0175041
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030439
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0231435
IRS990/TotalFunctionalExpensesGrp/TotalAmt0261874
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0639391
IRS990/TotalLiabilitiesEOYAmt0649844
IRS990/TotalLiabilitiesGrp/BOYAmt0639391
IRS990/TotalLiabilitiesGrp/EOYAmt0649844
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010287
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-21265
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0231435
IRS990/TotalProgramServiceRevenueAmt053125
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02156
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt053125
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0230322
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0649678
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0628579
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01965
IRS990/TravelGrp/TotalAmt01965
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt010287
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-21265

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$628,579
Liabilities
$649,844
Net assets
-$21,265
Revenue
$230,322
Expenses
$261,874
Net income
-$31,552
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.58$3.98$2.59$2.99$2.59$0.40
2024Detailed filing. Detailed filing data is available for this year.$6.90$4.71$2.19$2.93$2.20$0.73
2023Detailed filing. Detailed filing data is available for this year.$6.05$4.59$1.46$2.75$2.03$0.73
2022Detailed filing. Detailed filing data is available for this year.$5.80$5.06$0.74$2.76$2.74$0.02
2021Detailed filing. Detailed filing data is available for this year.$6.03$5.32$0.72$2.97$2.59$0.38
2020Detailed filing. Detailed filing data is available for this year.$5.88$5.54$0.34$2.65$2.65$0.00
2019Detailed filing. Detailed filing data is available for this year.$6.15$5.81$0.34$2.67$2.48$0.19
2018Detailed filing. Detailed filing data is available for this year.$6.15$6.00$0.15$2.55$2.51$0.04
2017Detailed filing. Detailed filing data is available for this year.$6.27$6.16$0.11$2.67$2.48$0.19
2016Detailed filing. Detailed filing data is available for this year.$6.05$6.12$0.08$2.52$2.38$0.14
2015Detailed filing. Detailed filing data is available for this year.$6.29$6.50$0.21$2.30$2.62$0.32
2014Detailed filing. Detailed filing data is available for this year.$6.50$6.39$0.10$2.17$2.27$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.76$6.55$0.21$2.23
2012Summary only. Only limited summary data is available for this year.$6.73$6.73$0.01$2.38$2.27$0.12
2011Summary only. Only limited summary data is available for this year.$6.73$6.85$0.13$2.32$2.16$0.15
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