Civic Intelligence

Home Inc.

990 • Fiscal year 2019 • EIN 57-1006409

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 30, 2020

401 Harbison Blvd No 3AColumbia, SC 29212

(803) 536-1056

Siviq Scores

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

Liabilities / Assets

46th percentile

0.02x

Higher debt load relative to assets than 46% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.07x

Higher debt load relative to revenue than 62% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

58th percentile

7.2%

Higher net margin than 58% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

41st percentile

0.2%

Faster asset growth than 41% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

8.7%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$591,390

Up $1,309 (+0.2%) from 2018

Net Assets

Up

$579,916

Up $11,571 (+2.0%) from 2018

Liabilities

Down

$11,474

Down $10,262 (-47%) from 2018

Revenue

Up

$160,658

Up $12,810 (+8.7%) from 2018

Expenses

Up

$149,087

Up $723 (+0.5%) from 2018

Net Income

Up

$11,571

Up $12,087 (+2342%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $694,081Liabilities 2011: $954,883Net Assets 2011: -$260,8022011Assets 2012: $661,202Liabilities 2012: $957,026Net Assets 2012: -$295,8242012Assets 2013: $635,903Liabilities 2013: $956,361Net Assets 2013: -$320,4582013Assets 2014: $610,075Liabilities 2014: $957,114Net Assets 2014: -$347,0392014Assets 2015: $604,197Liabilities 2015: $955,249Net Assets 2015: -$351,0522015Assets 2016: $598,132Liabilities 2016: $956,342Net Assets 2016: -$358,2102016Assets 2017: $584,271Liabilities 2017: $15,410Net Assets 2017: $568,8612017Assets 2018: $590,081Liabilities 2018: $21,736Net Assets 2018: $568,3452018Assets 2019: $591,390Liabilities 2019: $11,474Net Assets 2019: $579,9162019Assets 2020: $600,815Liabilities 2020: $11,155Net Assets 2020: $589,6602020Assets 2021: $628,414Liabilities 2021: $12,761Net Assets 2021: $615,6532021Assets 2022: $625,547Liabilities 2022: $12,447Net Assets 2022: $613,1002022Assets 2023: $625,340Liabilities 2023: $13,673Net Assets 2023: $611,6672023Assets 2024: $626,397Liabilities 2024: $16,800Net Assets 2024: $609,5972024

Highlighted filing

2019

Assets$591,390
Liabilities$11,474
Net Assets$579,916

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $117,987Expenses 2011: $135,601Net Income 2011: -$17,6142011Revenue 2012: $115,453Expenses 2012: $150,475Net Income 2012: -$35,0222012Revenue 2013: $120,430Expenses 2013: $145,064Net Income 2013: -$24,6342013Revenue 2014: $123,898Expenses 2014: $150,479Net Income 2014: -$26,5812014Revenue 2015: $132,425Expenses 2015: $136,438Net Income 2015: -$4,0132015Revenue 2016: $146,999Expenses 2016: $154,157Net Income 2016: -$7,1582016Revenue 2017: $146,832Expenses 2017: $160,861Net Income 2017: -$14,0292017Revenue 2018: $147,848Expenses 2018: $148,364Net Income 2018: -$5162018Revenue 2019: $160,658Expenses 2019: $149,087Net Income 2019: $11,5712019Revenue 2020: $157,887Expenses 2020: $148,143Net Income 2020: $9,7442020Revenue 2021: $164,569Expenses 2021: $138,576Net Income 2021: $25,9932021Revenue 2022: $157,343Expenses 2022: $159,896Net Income 2022: -$2,5532022Revenue 2023: $155,585Expenses 2023: $157,018Net Income 2023: -$1,4332023Revenue 2024: $177,836Expenses 2024: $179,906Net Income 2024: -$2,0702024

Highlighted filing

2019

Revenue$160,658
Expenses$149,087
Net Income$11,571
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 30, 2020
Return Version
2019v5.1
Gross Receipts
$160,658
Mission and Program Overview

Mission

Home, 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 20 unit community known as northgate apartments located in aiken, south carolina, which provides housing for persons with disabilities. The corporation receives housing assistance from the u.s. Department of housing and urban development pursuant to section 811 of the national housing act, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$479,272$479,229▼ $43
Investments Program Related$79,457$90,999▲ $11,542
Cash and Non-Interest-Bearing Accounts$16,015$12,907▼ $3,108
Prepaid Expenses and Deferred Charges$1,296$2,885▲ $1,589
Accounts Receivable$9,113$519▼ $8,594
Total Assets$590,081$591,390▲ $1,309
Other Assets Total$4,928$4,851▼ $77
Liabilities
Accounts Payable and Accrued Expenses$16,305$6,560▼ $9,745
Other Liabilities$4,997$4,851▼ $146
Deferred Revenue$434$63▼ $371
Total Liabilities$21,736$11,474▼ $10,262
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$559,116$570,683▲ $11,567
Net Assets With Donor Restrictions$9,229$9,233▲ $4
Total Net Assets Fund Balance$568,345$579,916▲ $11,571
Total Liabilities and Net Assets / Fund Balance$590,081$591,390▲ $1,309

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$364,959$521,853$886,812
Other Land Buildings$44,270$84,283$128,553
Land$70,000-$70,000
Investment Program Related Org$867--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim HollyPresident
Michelle Knapik-smithVice President
Barbara SnyderDirector
Martha EbelDirector
Trina CrockerDirector
Vicki ReineyDirector
Terry SchillingSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$98,689
Program Service Revenue
$59,958
Investment Income
$51
Other Revenue
$1,960
All Other Contributions
$100
Change in Net Assets
$11,571

Audited Revenue Reconciliation

Revenue per Audited Statements
$160,658
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$160,658
Total Revenue per Form 990
$160,658
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,087
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$68,249--$68,249
Depreciation Depletion$29,154--$29,154
Fees for Services Management-$12,716-$12,716
Office Expenses-$7,630-$7,630
Fees for Services Accounting-$3,750-$3,750
Insurance$901--$901
Other Expenses$8,064$57-$57
Total Functional Expenses$106,368$42,719$0$149,087

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$149,087
Total Expenses per Audited Statements$149,087
Total Expenses per Form 990$149,087
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$4,851
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
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 organization has entered into a management agreement with a management company for day-to-day management of the apartment community as is common practice 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 11B

The return is prepared by a certified public accounting firm and provided to the management company for initial review and approval. After any questions and comments from the management company are addressed, the return is provided to the board of directors for final review and approval. After any questions and comments from the board of directors are addressed, the final approved return is provided to the designated board officer for signature and filing.

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

Compliance is monitored at regularly scheduled meetings of the board of directors and at other times, if needed.

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
Home Inc
EIN
57-1006409
Phone
8035361056
Address
401 HARBISON BLVD NO 3A, COLUMBIA, SC 29212
Doing Business As
Northgate Apartments

Signing Officer

Name
Jim Holly
Title
President
Phone
8035361056
Signed
2020-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Holly
Formed
1994
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Michelle Siebert
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 are subject to examination for three years after the later of the original or extended due date or the date filed with the applicable tax authority.

Raw XML AppendixShowing 400 of 451 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01296
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02885
IRS990/PrincipalOfficerNm0JIM HOLLY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt059958
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt059958
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt086858
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt089
IRS990/PYOtherExpensesAmt0148364
IRS990/PYOtherRevenueAmt01632
IRS990/PYProgramServiceRevenueAmt059269
IRS990/PYRevenuesLessExpensesAmt0-516
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0148364
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0147848
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt011571
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt059958
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/CurrentTaxYearAmt098689
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt086858
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt079119
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0264666
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt051
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt089
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt054
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0104
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt054
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0352
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt059958
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt059269
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt065733
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0146895
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0132371
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0464226
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt089
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0104
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0352
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01960
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01631
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01926
IRS990ScheduleA/OtherIncome509Grp/TotalAmt05517
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99200
IRS990ScheduleA/PublicSupportPY509Pct00.99440
IRS990ScheduleA/PublicSupportTotal509Amt0728892
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0158647
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0146127
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0144852
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0146895
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0132371
IRS990ScheduleA/Total509Grp/TotalAmt0728892
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0160658
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0147847
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0146832
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0146999
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0132425
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0734761
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/BookValueAmt0364959
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0521853
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0886812
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0149087
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0367
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt189765
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2867
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt070000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt070000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt044270
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt084283
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0128553
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04851
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0160658
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 ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0479229
IRS990ScheduleD/TotalBookValueProgramRltdAmt090999
IRS990ScheduleD/TotalExpensesPerForm990Amt0149087
IRS990ScheduleD/TotalLiabilityAmt04851
IRS990ScheduleD/TotalRevenuePerForm990Amt0160658
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0160658
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0149087
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT COMPANY FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS COMMON PRACTICE 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 CERTIFIED PUBLIC ACCOUNTING FIRM AND PROVIDED TO THE MANAGEMENT COMPANY FOR INITIAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE MANAGEMENT COMPANY ARE ADDRESSED, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE BOARD OF DIRECTORS ARE ADDRESSED, THE FINAL APPROVED RETURN IS PROVIDED TO THE DESIGNATED BOARD OFFICER FOR SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLIANCE IS MONITORED AT REGULARLY SCHEDULED MEETINGS OF THE BOARD OF DIRECTORS AND AT OTHER TIMES, IF NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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 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 XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0590081
IRS990/TotalAssetsEOYAmt0591390
IRS990/TotalAssetsGrp/BOYAmt0590081
IRS990/TotalAssetsGrp/EOYAmt0591390
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt098689
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042719
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0106368
IRS990/TotalFunctionalExpensesGrp/TotalAmt0149087
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021736
IRS990/TotalLiabilitiesEOYAmt011474
IRS990/TotalLiabilitiesGrp/BOYAmt021736
IRS990/TotalLiabilitiesGrp/EOYAmt011474
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0568345
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0579916
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0106368
IRS990/TotalProgramServiceRevenueAmt059958
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02011
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt059958
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0160658

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.26$0.17$6.10$1.78$1.80$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.25$0.14$6.12$1.56$1.57$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.26$0.12$6.13$1.57$1.60$0.03
2021Detailed filing. Detailed filing data is available for this year.$6.28$0.13$6.16$1.65$1.39$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.01$0.11$5.90$1.58$1.48$0.10
2019Detailed filing. Detailed filing data is available for this year.$5.91$0.11$5.80$1.61$1.49$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.90$0.22$5.68$1.48$1.48$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.84$0.15$5.69$1.47$1.61$0.14
2016Summary only. Only limited summary data is available for this year.$5.98$9.56$3.58$1.47$1.54$0.07
2015Summary only. Only limited summary data is available for this year.$6.04$9.55$3.51$1.32$1.36$0.04
2014Summary only. Only limited summary data is available for this year.$6.10$9.57$3.47$1.24$1.50$0.27
2013Summary only. Only limited summary data is available for this year.$6.36$9.56$3.20$1.20$1.45$0.25
2012Summary only. Only limited summary data is available for this year.$6.61$9.57$2.96$1.15$1.50$0.35
2011Summary only. Only limited summary data is available for this year.$6.94$9.55$2.61$1.18$1.36$0.18