Civic Intelligence

Broadway Towers Inc.

990 • Fiscal year 2014 • EIN 58-1354973

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 04, 2015

Organization ProfileN/A
PO Box 450049Atlanta, GA 31145

(678) 330-2000

Siviq Scores

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

Liabilities / Assets

99th percentile

1.80x

Higher debt load relative to assets than 99% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

2.14x

Higher debt load relative to revenue than 88% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

55th percentile

4.2%

Higher net margin than 55% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

10th percentile

-8.7%

Faster asset growth than 10% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

39th percentile

0.8%

Faster revenue growth than 39% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$6,582,582

Down $623,673 (-8.7%) from 2013

Net Assets

Up

-$5,249,209

Up $230,748 (+4.2%) from 2013

Liabilities

Down

$11,831,791

Down $854,421 (-6.7%) from 2013

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin55th percentile

Revenue

Up

$5,516,931

Up $45,368 (+0.8%) from 2013

Expenses

Up

$5,286,183

Up $101,395 (+2.0%) from 2013

Net Income

Down

$230,748

Down $56,027 (-20%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$30M$20M$10M$0-$10MAssets 2010: $8,833,201Liabilities 2010: $14,832,005Net Assets 2010: -$5,998,8042010Assets 2011: $8,305,469Liabilities 2011: $14,228,050Net Assets 2011: -$5,922,5812011Assets 2012: $7,702,307Liabilities 2012: $13,469,039Net Assets 2012: -$5,766,7322012Assets 2013: $7,206,255Liabilities 2013: $12,686,212Net Assets 2013: -$5,479,9572013Assets 2014: $6,582,582Liabilities 2014: $11,831,791Net Assets 2014: -$5,249,2092014Assets 2015: $6,171,413Liabilities 2015: $10,899,907Net Assets 2015: -$4,728,4942015Assets 2016: $5,829,244Liabilities 2016: $9,860,289Net Assets 2016: -$4,031,0452016Assets 2017: $4,582,596Liabilities 2017: $6,929,709Net Assets 2017: -$2,347,1132017Assets 2018: $25,517,124Liabilities 2018: $7,740,717Net Assets 2018: $17,776,4072018Assets 2019: $24,442,676Liabilities 2019: $7,546,265Net Assets 2019: $16,896,4112019Assets 2020: $19,198,034Liabilities 2020: $6,361,521Net Assets 2020: $12,836,5132020Assets 2021: $17,531,706Liabilities 2021: $5,908,702Net Assets 2021: $11,623,0042021Assets 2022: $17,793,072Liabilities 2022: $5,401,059Net Assets 2022: $12,392,0132022Assets 2023: $26,270,124Liabilities 2023: $3,854,827Net Assets 2023: $22,415,2972023Assets 2024: $26,963,007Liabilities 2024: $3,727,025Net Assets 2024: $23,235,9822024

Highlighted filing

2014

Assets$6,582,582
Liabilities$11,831,791
Net Assets-$5,249,209
Open 2014 Filing

Operations Trend

Revenue Growth39th percentile

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

$20M$10M$0-$10MExpenses 2010: $4,904,5562010Expenses 2011: $5,140,6522011Expenses 2012: $5,225,9972012Revenue 2013: $5,471,563Expenses 2013: $5,184,788Net Income 2013: $286,7752013Revenue 2014: $5,516,931Expenses 2014: $5,286,183Net Income 2014: $230,7482014Revenue 2015: $5,795,598Expenses 2015: $5,274,885Net Income 2015: $520,7132015Revenue 2016: $5,900,963Expenses 2016: $5,203,514Net Income 2016: $697,4492016Revenue 2017: $5,634,253Expenses 2017: $4,822,157Net Income 2017: $812,0962017Revenue 2018: $18,647,376Expenses 2018: $4,277,470Net Income 2018: $14,369,9062018Revenue 2019: $4,694,753Expenses 2019: $6,014,364Net Income 2019: -$1,319,6112019Revenue 2020: $12,449,336Expenses 2020: $16,509,234Net Income 2020: -$4,059,8982020Revenue 2021: $3,119,210Expenses 2021: $4,332,719Net Income 2021: -$1,213,5092021Revenue 2022: $3,394,281Expenses 2022: $2,625,272Net Income 2022: $769,0092022Revenue 2023: $12,784,458Expenses 2023: $2,761,174Net Income 2023: $10,023,2842023Revenue 2024: $2,641,712Expenses 2024: $1,821,027Net Income 2024: $820,6852024

Highlighted filing

2014

Revenue$5,516,931
Expenses$5,286,183
Net Income$230,748
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 4, 2015
Return Version
2014v5.0
Gross Receipts
$5,516,931
Mission and Program Overview

Mission

Management of 4 apartment complexes for the benefit of elderly and handicapped residents.

Management of 5 apartment complexes for the benefit of elderly and handicapped residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,217,815$3,735,373▼ $482,442
Savings and Temporary Cash Investments$2,432,641$2,359,491▼ $73,150
Prepaid Expenses and Deferred Charges$230,231$247,146▲ $16,915
Cash and Non-Interest-Bearing Accounts$291,369$195,433▼ $95,936
Intangible Assets$18,693$17,755▼ $938
Accounts Receivable$12,506$7,483▼ $5,023
Total Assets$7,206,255$6,582,582▼ $623,673
Other Assets Total$3,000$19,901▲ $16,901
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,241,758$11,386,379▼ $855,379
Accounts Payable and Accrued Expenses$266,643$262,055▼ $4,588
Other Liabilities$166,559$174,059▲ $7,500
Deferred Revenue$11,252$9,298▼ $1,954
Total Liabilities$12,686,212$11,831,791▼ $854,421
Net Assets / Fund Balance
Unrestricted Net Assets$-5,479,957$-5,249,209▲ $230,748
Total Net Assets Fund Balance$-5,479,957$-5,249,209▲ $230,748
Total Liabilities and Net Assets / Fund Balance$7,206,255$6,582,582▼ $623,673

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,553,539$17,918,509$20,472,048
Land$1,053,567-$1,053,567
Equipment$101,310$488,348$589,658
Other Land Buildings$26,957$411,454$438,411
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Joseph F GlennPresident
Robert ReinhartVice President
Jane M ReinhartDirector
Kim DelaceyDirector
Larry Gay ReaginDirector
Elizabeth C GlennSec/treas

Highest Paid Contractors

ContractorServicesLocationCompensation
Mansermar INCProp Mgt/bookkeeping2405 SATELLITE BLVD SUITE 100, Duluth, GA 30096$443,860
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,510,404
Investment Income
$6,527
Other Revenue
$0
Change in Net Assets
$230,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,385,552
Salaries, Compensation, and Employee Benefits$875,631
Grants and Similar Amounts Paid$25,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,949,994--$1,949,994
Interest$1,040,358--$1,040,358
Other Salaries and Wages$689,445--$689,445
Depreciation Depletion$610,021--$610,021
Fees for Services Management-$341,835-$341,835
Insurance$204,134--$204,134
Other Employee Benefits$110,622--$110,622
Fees for Services Accounting-$102,025-$102,025
Office Expenses$74,581$5,358-$79,939
Payroll Taxes$50,701--$50,701
Grants to Domestic Orgs$25,000--$25,000
Pension Plan Contributions$24,863--$24,863
Advertising$15,354--$15,354
Travel$9,417--$9,417
Conferences and Meetings$4,803--$4,803
Other Expenses$4,979$3,988-$3,988
Fees for Services Legal-$1,054-$1,054
All Other Expenses-$-1-$-1
Total Functional Expenses$4,828,877$457,306$0$5,286,183
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
World Outreach Foundation IncAtlanta, GA501(c)(3)The Purpose of the Grant Was to Assist in Funding the Operations of the Organization Whose Purpose Is the Expand the Outreach of the Gospel of Jesus Christ Through Medical Missions, Housing Programs, Assistance to People in Need and Other Lawful Means.$25,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$139,965
Pet Deposits$20,605
Other Current Liabilities$10,735
Accrued Interest Sec Dep$2,754
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 2

“Elizabeth c. Glenn is wife of joseph f. Glenn and jane m. Reinhart is wife of robert l. Reinhart”

Form 990, Part VI, Section A, Line 3

“The organization appoints the management company as exclusive agent for the management of housing development consisting of land, buildings, and other improvements. The duties of management company include, but are not limited to management input during hud processing, marketing, rentals collection of rents and other receipts, enforcement of lease, repair and maintenance, utilities and services.”

Form 990, Part VI, Section B, Line 11

“The president of the corporation and the president of the management company will review the form prior to filing.”

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

“Conflicts are annually disclosed and discussed at board meetings.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, policies and procedures and finanical statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Broadway Towers Inc
EIN
58-1354973
Phone
6783302000
Address
PO BOX 450049, ATLANTA, GA 31145

Signing Officer

Name
Gerald Eickhoff
Title
President
Phone
6783302000
Signed
2015-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerald Eickhoff
Formed
1979
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 GALLERIA PKWY SE STE 1700, ATLANTA, GA 30339-5946
Preparer
Shannon Macarthur
Phone
7709558600
Supplemental Narrative

Additional Explanations

Form 990, Part 1, Line 5 and Part V, Line 2A

“The entity does not have any employees. Rather all individuals working for the entity are employees of the management company. The amounts paid to these individuals by the management company are shown as salaries on part ix, line 7.”

Raw XML AppendixShowing 400 of 1,017 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/TitleTxt1SEC/TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
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IRS990/PayrollTaxesGrp/TotalAmt050701
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt024863
IRS990/PensionPlanContributionsGrp/TotalAmt024863
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0230231
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0247146
IRS990/PrincipalOfficerNm0GERALD EICKHOFF
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05469266
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt141138
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05469266
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt141138
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt025000
IRS990/PYInvestmentIncomeAmt09505
IRS990/PYOtherExpensesAmt04313016
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05462058
IRS990/PYRevenuesLessExpensesAmt0286775
IRS990/PYSalariesCompEmpBnftPaidAmt0846772
IRS990/PYTotalExpensesAmt05184788
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05471563
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0230748
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05510404
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02432641
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02359491
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0370
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0370
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06527
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09505
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt015841
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt021471
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt029689
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt083033
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05510404
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05462058
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05366005
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05195404
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05040952
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt026574823
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06527
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09505
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015841
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt021471
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt029689
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt083033
IRS990ScheduleA/InvestmentIncomeCYPct00.00310
IRS990ScheduleA/InvestmentIncomePYPct00.00460
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99690
IRS990ScheduleA/PublicSupportPY509Pct00.99540
IRS990ScheduleA/PublicSupportTotal509Amt026575193
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05510404
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05462058
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05366005
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05195404
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05041322
IRS990ScheduleA/Total509Grp/TotalAmt026575193
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05516931
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05471563
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05381846
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05216875
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05071011
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt026658226
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02553539
IRS990ScheduleD/BuildingsGrp/DepreciationAmt017918509
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt020472048
IRS990ScheduleD/EquipmentGrp/BookValueAmt0101310
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0488348
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0589658
IRS990ScheduleD/LandGrp/BookValueAmt01053567
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01053567
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026957
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0411454
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0438411
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010735
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12754
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2139965
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt320605
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST SEC DEP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PET DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03735373
IRS990ScheduleD/TotalLiabilityAmt0174059
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0THE PURPOSE OF THE GRANT WAS TO ASSIST IN FUNDING THE OPERATIONS OF THE ORGANIZATION WHOSE PURPOSE IS THE EXPAND THE OUTREACH OF THE GOSPEL OF JESUS CHRIST THROUGH MEDICAL MISSIONS, HOUSING PROGRAMS, ASSISTANCE TO PEOPLE IN NEED AND OTHER LAWFUL MEANS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WORLD OUTREACH FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0581502547
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 450049
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ATLANTA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0GA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd031145
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0REQUESTS FOR FUNDING ARE ACCEPTED AND EVALUATED BY THE EXECUTIVE COMMITTEE TO DETERMINE IF THE PURPOSE IS CONSISTENT WITH THAT OF THE ORGANIZATION AND EVALUATE THE MERITS OF THE REQUEST. IF APPROVED, THE FUNDS ARE AWARDED AND THEN THE DONEE ORGANIZATION WILL REPORT BACK IN A LETTER OR OTHER WRITTEN FORM AS TO THE USE OF THE FUNDS AND IF ANY OBJECTIVES WERE REQUIRED TO BE MET WHETHER OR NOT THE OBJECTIVES WERE ACCOMPLISHED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ENTITY DOES NOT HAVE ANY EMPLOYEES. RATHER ALL INDIVIDUALS WORKING FOR THE ENTITY ARE EMPLOYEES OF THE MANAGEMENT COMPANY. THE AMOUNTS PAID TO THESE INDIVIDUALS BY THE MANAGEMENT COMPANY ARE SHOWN AS SALARIES ON PART IX, LINE 7.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELIZABETH C. GLENN IS WIFE OF JOSEPH F. GLENN AND JANE M. REINHART IS WIFE OF ROBERT L. REINHART
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION APPOINTS THE MANAGEMENT COMPANY AS EXCLUSIVE AGENT FOR THE MANAGEMENT OF HOUSING DEVELOPMENT CONSISTING OF LAND, BUILDINGS, AND OTHER IMPROVEMENTS. THE DUTIES OF MANAGEMENT COMPANY INCLUDE, BUT ARE NOT LIMITED TO MANAGEMENT INPUT DURING HUD PROCESSING, MARKETING, RENTALS COLLECTION OF RENTS AND OTHER RECEIPTS, ENFORCEMENT OF LEASE, REPAIR AND MAINTENANCE, UTILITIES AND SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT OF THE CORPORATION AND THE PRESIDENT OF THE MANAGEMENT COMPANY WILL REVIEW THE FORM PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICTS ARE ANNUALLY DISCLOSED AND DISCUSSED AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND PROCEDURES AND FINANICAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART 1, LINE 5 AND PART V, LINE 2A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd180
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd220
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd230
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd240
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd250
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd260
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd270
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd280
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd290
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd300

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,582,582
Liabilities
$11,831,791
Net assets
-$5,249,209
Revenue
$5,516,931
Expenses
$5,286,183
Net income
$230,748
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$3.73$23.2$2.64$1.82$0.82
2023Summary only. Only limited summary data is available for this year.$26.3$3.85$22.4$12.8$2.76$10.0
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$5.40$12.4$3.39$2.63$0.77
2021Summary only. Only limited summary data is available for this year.$17.5$5.91$11.6$3.12$4.33$1.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.2$6.36$12.8$12.4$16.5$4.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.4$7.55$16.9$4.69$6.01$1.32
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$7.74$17.8$18.6$4.28$14.4
2017Summary only. Only limited summary data is available for this year.$4.58$6.93$2.35$5.63$4.82$0.81
2016Summary only. Only limited summary data is available for this year.$5.83$9.86$4.03$5.90$5.20$0.70
2015Detailed filing. Detailed filing data is available for this year.$6.17$10.9$4.73$5.80$5.27$0.52
2014Detailed filing. Detailed filing data is available for this year.$6.58$11.8$5.25$5.52$5.29$0.23
2013Detailed filing. Detailed filing data is available for this year.$7.21$12.7$5.48$5.47$5.18$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.70$13.5$5.77$5.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.31$14.2$5.92$5.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.83$14.8$6.00$4.90
Peer Organizations

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