Civic Intelligence

Broadway Towers Inc.

990 • Fiscal year 2017 • EIN 58-1354973

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 05, 2018

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

97th percentile

1.51x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

83rd percentile

1.23x

Higher debt load relative to revenue than 83% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

73rd percentile

14%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

4th percentile

-21%

Faster asset growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

25th percentile

-4.5%

Faster revenue growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Flat

$4,582,596

Flat from 2017

Net Assets

Flat

-$2,347,113

Flat from 2017

Liabilities

Flat

$6,929,709

Flat from 2017

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin73rd percentile

Revenue

Flat

$5,634,253

Flat from 2017

Expenses

Flat

$4,822,157

Flat from 2017

Net Income

Flat

$812,096

Flat from 2017

Historical Trend

Balance Sheet Trend

Asset Growth4th 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 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

2017

Assets$4,582,596
Liabilities$6,929,709
Net Assets-$2,347,113
Open 2017 Filing

Operations Trend

Revenue Growth25th 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 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

2017

Revenue$5,634,253
Expenses$4,822,157
Net Income$812,096
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 5, 2018
Return Version
2017v2.3
Gross Receipts
$5,634,253
Mission and Program Overview

Mission

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

Management of 3 apartment complexes for the benefit of elderly and handicapped residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,297,580$2,151,392▼ $146,188
Land, Buildings, and Equipment, Net$2,776,307$1,764,297▼ $1,012,010
Cash and Non-Interest-Bearing Accounts$281,701$300,010▲ $18,309
Prepaid Expenses and Deferred Charges$273,555$205,160▼ $68,395
Accounts Receivable$4,290$6,767▲ $2,477
Intangible Assets$15,879$3,941▼ $11,938
Total Assets$5,829,244$4,582,596▼ $1,246,648
Other Assets Total$179,932$151,029▼ $28,903
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,437,545$6,527,933▼ $2,909,612
Accounts Payable and Accrued Expenses$231,814$244,911▲ $13,097
Other Liabilities$185,169$152,569▼ $32,600
Deferred Revenue$5,761$4,296▼ $1,465
Total Liabilities$9,860,289$6,929,709▼ $2,930,580
Net Assets / Fund Balance
Unrestricted Net Assets$-4,031,045$-2,347,113▲ $1,683,932
Total Net Assets Fund Balance$-4,031,045$-2,347,113▲ $1,683,932
Total Liabilities and Net Assets / Fund Balance$5,829,244$4,582,596▼ $1,246,648

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,069,776$15,769,756$16,839,532
Other Land Buildings$99,954$690,945$790,899
Land$594,567-$594,567
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Gerald EickhoffPresident
Joseph F GlennVice President
Robert L ReinhartVice President
Jane M ReinhartDirector
Kim DelaceyDirector
Larry Gay ReaginDirector
Elizabeth C GlennSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Mansermar INCProp Mgt/bookkeeping2405 SATELLITE BLVD SUITE 100, Duluth, GA 30096$443,348
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,476,326
Investment Income
$105,602
Other Revenue
$52,325
Change in Net Assets
$812,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,001,817
Salaries, Compensation, and Employee Benefits$820,340
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$2,058,092--$2,058,092
Interest$710,338--$710,338
Other Salaries and Wages$651,584--$651,584
Depreciation Depletion$466,827--$466,827
Fees for Services Management-$341,183-$341,183
Insurance$185,162--$185,162
Fees for Services Accounting$4,200$97,965-$102,165
Other Employee Benefits$94,495--$94,495
Office Expenses$65,204--$65,204
Payroll Taxes$47,472--$47,472
Pension Plan Contributions$26,789--$26,789
Advertising$11,231--$11,231
Conferences and Meetings$8,063--$8,063
Other Expenses$4,834--$4,834
All Other Expenses$4,197$60-$4,257
Travel$1,983--$1,983
Fees for Services Legal-$1,959-$1,959
Total Functional Expenses$4,380,990$441,167$0$4,822,157
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$123,864
Pet Deposits$14,462
Other Current Liabilities$13,024
Accrued Interest Sec Dep$1,219
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 the wife of joseph f. Glenn and jane m. Reinhart is the wife of robert l. Reinhart.”

Form 990, Part VI, Section A, Line 3

“The organization appoints mansermar, inc., 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 A, Line 8B

“The organization documents meetings held by the governing body. There are no committees.”

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

“The president of the management company and an officer of the board will review the form prior to filing. The board is provided with a copy subsequent to filing of the return.”

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
2018-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerald Eickhoff
Formed
1979
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

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 III, Line 3

“On july 21, 2017, the corporation sold one of five apartment projects, broadway terrace. In conjunction with the sale, the section 202 direct loan was paid in full and the section 8 housing assistance payments contract was terminated.”

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.”

FORM 990, PART XI, LINE 9:

“Sale of a project division - broadway terrace 871,836.”

Raw XML AppendixShowing 400 of 1,030 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/OtherEmployeeBenefitsGrp/ProgramServicesAmt094495
IRS990/OtherEmployeeBenefitsGrp/TotalAmt094495
IRS990/OtherExpensesGrp/Desc0RENT FREE UNIT
IRS990/OtherExpensesGrp/Desc1MISC TAXES, LICENSES, A
IRS990/OtherExpensesGrp/Desc2BANK CHARGES
IRS990/OtherExpensesGrp/Desc3BAD DEBTS
IRS990/OtherExpensesGrp/ProgramServicesAmt019492
IRS990/OtherExpensesGrp/ProgramServicesAmt111755
IRS990/OtherExpensesGrp/ProgramServicesAmt29272
IRS990/OtherExpensesGrp/ProgramServicesAmt34834
IRS990/OtherExpensesGrp/TotalAmt019492
IRS990/OtherExpensesGrp/TotalAmt111755
IRS990/OtherExpensesGrp/TotalAmt29272
IRS990/OtherExpensesGrp/TotalAmt34834
IRS990/OtherLiabilitiesGrp/BOYAmt0185169
IRS990/OtherLiabilitiesGrp/EOYAmt0152569
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDY, VENDING, ETC
IRS990/OtherRevenueMiscGrp/ExclusionAmt052325
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt052325
IRS990/OtherRevenueTotalAmt052325
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0651584
IRS990/OtherSalariesAndWagesGrp/TotalAmt0651584
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt047472
IRS990/PayrollTaxesGrp/TotalAmt047472
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt026789
IRS990/PensionPlanContributionsGrp/TotalAmt026789
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0273555
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0205160
IRS990/PrincipalOfficerNm0GERALD EICKHOFF
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT INCOME APARTMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05476326
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05476326
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010703
IRS990/PYOtherExpensesAmt04307277
IRS990/PYOtherRevenueAmt051336
IRS990/PYProgramServiceRevenueAmt05838924
IRS990/PYRevenuesLessExpensesAmt0697449
IRS990/PYSalariesCompEmpBnftPaidAmt0896237
IRS990/PYTotalExpensesAmt05203514
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05900963
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0812096
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05476326
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02297580
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02151392
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt09205
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09205
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt09402
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt010703
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt08523
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06527
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09505
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt044660
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05476236
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05838924
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05744393
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05510404
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05462058
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt028032015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09402
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt010703
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt08523
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06527
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09505
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt044660
IRS990ScheduleA/InvestmentIncomeCYPct00.00160
IRS990ScheduleA/InvestmentIncomePYPct00.00180
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt052325
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt051336
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt039638
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0143299
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99330
IRS990ScheduleA/PublicSupportPY509Pct00.99490
IRS990ScheduleA/PublicSupportTotal509Amt028041220
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05476236
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05838924
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05753598
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05510404
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05462058
IRS990ScheduleA/Total509Grp/TotalAmt028041220
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05537963
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05900963
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05801759
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05516931
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05471563
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt028229179
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01069776
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015769756
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016839532
IRS990ScheduleD/LandGrp/BookValueAmt0594567
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0594567
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt099954
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0690945
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0790899
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013024
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11219
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2123864
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt314462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST SEC DEP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PET DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01764297
IRS990ScheduleD/TotalLiabilityAmt0152569
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ON JULY 21, 2017, THE CORPORATION SOLD ONE OF FIVE APARTMENT PROJECTS, BROADWAY TERRACE. IN CONJUNCTION WITH THE SALE, THE SECTION 202 DIRECT LOAN WAS PAID IN FULL AND THE SECTION 8 HOUSING ASSISTANCE PAYMENTS CONTRACT WAS TERMINATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2ELIZABETH C. GLENN IS THE WIFE OF JOSEPH F. GLENN AND JANE M. REINHART IS THE WIFE OF ROBERT L. REINHART.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION APPOINTS MANSERMAR, INC., 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/ExplanationTxt4THE ORGANIZATION DOCUMENTS MEETINGS HELD BY THE GOVERNING BODY. THERE ARE NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PRESIDENT OF THE MANAGEMENT COMPANY AND AN OFFICER OF THE BOARD WILL REVIEW THE FORM PRIOR TO FILING. THE BOARD IS PROVIDED WITH A COPY SUBSEQUENT TO FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONFLICTS ARE ANNUALLY DISCLOSED AND DISCUSSED AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND PROCEDURES AND FINANICAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SALE OF A PROJECT DIVISION - BROADWAY TERRACE 871,836.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART 1, LINE 5 AND PART V, LINE 2A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd21
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd31
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd41
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd51
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd61
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd71
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd81
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd91
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd101
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd111
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd121
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd131
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd141
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd151
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd161
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd171
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd181
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd191
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd201
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd211
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd221
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd231
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd241

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,582,596
Liabilities
$6,929,709
Net assets
-$2,347,113
Revenue
$5,634,253
Expenses
$4,822,157
Net income
$812,096
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
2017Detailed filing. Detailed filing data is available for this year.$4.58$6.93$2.35$5.63$4.82$0.81
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