Civic Intelligence

Malmaison Villas Inc.

990 • Fiscal year 2014 • EIN 58-1735492

Jan 01, 2014 to Dec 31, 2014 • Filed on May 08, 2015

Organization Profilen/a
PO Box 450049SuiteAtlanta, GA 31145

(770) 496-0598

Siviq Scores

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

Liabilities / Assets

96th percentile

1.54x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

93rd percentile

2.17x

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

35th percentile

-1.5%

Higher net margin than 35% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

26th percentile

-4.4%

Faster asset growth than 26% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

43rd percentile

1.2%

Faster revenue growth than 43% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$605,965

Down $27,654 (-4.4%) from 2013

Net Assets

Down

-$327,375

Down $6,430 (-2.0%) from 2013

Liabilities

Down

$933,340

Down $21,224 (-2.2%) from 2013

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin35th percentile

Revenue

Up

$430,387

Up $5,000 (+1.2%) from 2013

Expenses

Up

$436,817

Up $23,481 (+5.7%) from 2013

Net Income

Down

-$6,430

Down $18,481 (-153%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$1.0M$500K$0-$500KAssets 2010: $650,914Liabilities 2010: $971,575Net Assets 2010: -$320,6612010Assets 2011: $635,316Liabilities 2011: $967,062Net Assets 2011: -$331,7462011Assets 2012: $635,659Liabilities 2012: $968,655Net Assets 2012: -$332,9962012Assets 2013: $633,619Liabilities 2013: $954,564Net Assets 2013: -$320,9452013Assets 2014: $605,965Liabilities 2014: $933,340Net Assets 2014: -$327,3752014Assets 2015: $548,239Liabilities 2015: $873,229Net Assets 2015: -$324,9902015Assets 2016: $561,513Liabilities 2016: $860,445Net Assets 2016: -$298,9322016Assets 2017: $518,814Liabilities 2017: $819,523Net Assets 2017: -$300,7092017Assets 2018: $507,382Liabilities 2018: $802,491Net Assets 2018: -$295,1092018Assets 2019: $448,690Liabilities 2019: $742,404Net Assets 2019: -$293,7142019Assets 2020: $420,539Liabilities 2020: $704,668Net Assets 2020: -$284,1292020Assets 2021: $453,402Liabilities 2021: $718,114Net Assets 2021: -$264,7122021Assets 2022: $380,600Liabilities 2022: $621,493Net Assets 2022: -$240,8932022Assets 2023: $416,774Liabilities 2023: $604,124Net Assets 2023: -$187,3502023Assets 2024: $367,529Liabilities 2024: $514,557Net Assets 2024: -$147,0282024

Highlighted filing

2014

Assets$605,965
Liabilities$933,340
Net Assets-$327,375
Open 2014 Filing

Operations Trend

Revenue Growth43rd percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $422,7852010Expenses 2011: $405,8312011Expenses 2012: $417,6602012Revenue 2013: $425,387Expenses 2013: $413,336Net Income 2013: $12,0512013Revenue 2014: $430,387Expenses 2014: $436,817Net Income 2014: -$6,4302014Revenue 2015: $435,785Expenses 2015: $433,400Net Income 2015: $2,3852015Revenue 2016: $448,117Expenses 2016: $422,059Net Income 2016: $26,0582016Revenue 2017: $453,788Expenses 2017: $455,565Net Income 2017: -$1,7772017Revenue 2018: $461,230Expenses 2018: $455,630Net Income 2018: $5,6002018Revenue 2019: $471,768Expenses 2019: $470,373Net Income 2019: $1,3952019Revenue 2020: $463,101Expenses 2020: $453,516Net Income 2020: $9,5852020Revenue 2021: $487,278Expenses 2021: $467,861Net Income 2021: $19,4172021Revenue 2022: $493,310Expenses 2022: $469,491Net Income 2022: $23,8192022Revenue 2023: $522,690Expenses 2023: $469,147Net Income 2023: $53,5432023Revenue 2024: $535,572Expenses 2024: $495,250Net Income 2024: $40,3222024

Highlighted filing

2014

Revenue$430,387
Expenses$436,817
Net Income-$6,430
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 8, 2015
Return Version
2014v5.0
Gross Receipts
$430,387
Mission and Program Overview

Mission

To own and operate a rental housing property for low income elderly persons under section 202 of the national housing act.

To own and operate a rental housing property for low income elderly persons under section 202 of the national housing act

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$456,203$423,257▼ $32,946
Savings and Temporary Cash Investments$107,123$121,340▲ $14,217
Cash and Non-Interest-Bearing Accounts$45,142$34,886▼ $10,256
Prepaid Expenses and Deferred Charges$24,247$25,831▲ $1,584
Accounts Receivable$904$651▼ $253
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$633,619$605,965▼ $27,654
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$887,434$864,612▼ $22,822
Accounts Payable and Accrued Expenses$50,682$52,328▲ $1,646
Other Liabilities$16,444$16,397▼ $47
Deferred Revenue$4$3▼ $1
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$954,564$933,340▼ $21,224
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-320,945$-327,375▼ $6,430
Total Net Assets Fund Balance$-320,945$-327,375▼ $6,430
Total Liabilities and Net Assets / Fund Balance$633,619$605,965▼ $27,654

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$312,440$729,013$1,041,453
Other Land Buildings$50,617$73,196$123,813
Land$60,200-$60,200
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
Joseph F GlennPresident/director
Jane ReinhartDirector
kiM DELACEYDirector
lARRY GAY REAGANDirector
Elizabeth C GlennSec/treas/director
Robert L ReinhartVP/director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$430,355
Investment Income
$32
Other Revenue
$0
Change in Net Assets
$-6,430

Audited Revenue Reconciliation

Revenue per Audited Statements
$430,387
Total Revenue per Audited Statements
$430,387
Total Revenue per Form 990
$430,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$436,817
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
Interest$80,960--$80,960
All Other Expenses$79,317--$79,317
Depreciation Depletion$40,811--$40,811
Other Expenses$28,456$0$0$28,456
Total Functional Expenses$436,817$0$0$436,817

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$436,817
Total Expenses per Audited Statements$436,817
Total Expenses per Form 990$436,817
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$8,430
accrued interest$6,665
Accrued Wages Payable$1,195
Accrued Payroll Taxes Payabble$107
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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

“Joseph f. Glenn - president/director is married to elizabeth c. Glenn - secretary/treasurer. Robert l. Reinhart - vp/director is married to jane reinhart - director.”

Form 990, Part VI, Section A, Line 3

“The organization has engaged a property management compeny to oversee the day to day operation of the apartment complex owned by the organization. The management company is experienced in the operation of the low income rental housing under hud's section 202 program. Employees at the apartment complex are employees of the management company. The management contract has been approved by hud.”

Form 990, Part VI, Section B, Line 11

“The president reviews and approves the 990 before filing.”

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

“Officers and directors are reminded of this policy at each board meeting and are asked to disclose any potential conflicts of interest for discussion by the board.”

Form 990, Part VI, Section B, Line 15

“The organization has no paid employees or officers. Directors and officers serve in a volunteer capacity and are not compensated for their service.”

Form 990, Part VI, Section C, Line 19

“The documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Malmaison Villas Inc
EIN
58-1735492
In Care Of
% MANSERMAR INC
Phone
7704960598
Address
PO BOX 450049, Suite, ATLANTA, GA 31145

Signing Officer

Name
Joseph F Glenn
Title
President
Phone
7704960598
Signed
2015-05-08

Organization Details

Principal Officer
Joseph F Glenn
Formed
1987
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Habif Arogeti & Wynne Llp
Address
FIVE CONCOURSE PARKWAY SUITE 1000, ATLANTA, GA 30328
Preparer
Ed D Deck
Phone
7704960598
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“To own and operate a rental housing property for the elderly.”

Form 990, Part XII, Line 2C

“Joseph f. Glenn - president and elizabeth c. Glenn - secretary/treasurer review and approve the audited financial statements.”

Form 990 Part IX Line 24 - Other Expenses

“DESCRIPTION:property management fees TOTAL EXPENSES:29754 PROGRAM SERVICES:29754”

Form 990 Part IX Line 24 - Other Expenses

“Description:real estate taxes total expenses:24219 program services:24219”

Form 990 Part IX Line 24 - Other Expenses

“DESCRIPTION:insurance TOTAL EXPENSES:25214 PROGRAM SERVICES:25214”

Form 990 Part IX Line 24 - Other Expenses

“DESCRIPTION:MISCELLANEOUS taxes TOTAL EXPENSES:130 PROGRAM SERVICES:130”

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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/PYContributionsGrantsAmt00
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IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt0413336
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0425358
IRS990/PYRevenuesLessExpensesAmt012051
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IRS990/PYTotalExpensesAmt0413336
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0425387
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-6430
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0430387
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0107123
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0121340
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt032
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt029
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt037
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0105
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0264
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0430355
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0425358
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0416373
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0394685
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0396762
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02063533
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt029
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt037
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0105
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0264
IRS990ScheduleA/InvestmentIncomeCYPct00.00013
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.54412
IRS990ScheduleA/PublicSupportPY509Pct00.55640
IRS990ScheduleA/PublicSupportTotal509Amt01122956
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0214552
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0200032
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0185235
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0168040
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0172718
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0940577
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0214552
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0200032
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0185235
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0168040
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0172718
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0940577
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0430355
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0425358
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0416373
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0394685
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0396762
IRS990ScheduleA/Total509Grp/TotalAmt02063533
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0430387
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0425387
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0416410
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0394746
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0396867
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02063797
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0312440
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0729013
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01041453
IRS990ScheduleD/ExpensesSubtotalAmt0436817
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt060200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060200
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt050617
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt073196
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0123813
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08430
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21195
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3107
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1accrued interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED WAGES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED PAYROLL TAXES PAYABBLE
IRS990ScheduleD/RevenueSubtotalAmt0430387
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0423257
IRS990ScheduleD/TotalExpensesPerForm990Amt0436817
IRS990ScheduleD/TotalLiabilityAmt016397
IRS990ScheduleD/TotalRevenuePerForm990Amt0430387
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0430387
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0436817
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO OWN AND OPERATE A RENTAL HOUSING PROPERTY FOR THE ELDERLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JOSEPH F. GLENN - PRESIDENT/DIRECTOR IS MARRIED TO ELIZABETH C. GLENN - SECRETARY/TREASURER. ROBERT L. REINHART - VP/DIRECTOR IS MARRIED TO JANE REINHART - DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS ENGAGED A PROPERTY MANAGEMENT COMPENY TO OVERSEE THE DAY TO DAY OPERATION OF THE APARTMENT COMPLEX OWNED BY THE ORGANIZATION. THE MANAGEMENT COMPANY IS EXPERIENCED IN THE OPERATION OF THE LOW INCOME RENTAL HOUSING UNDER HUD'S SECTION 202 PROGRAM. EMPLOYEES AT THE APARTMENT COMPLEX ARE EMPLOYEES OF THE MANAGEMENT COMPANY. THE MANAGEMENT CONTRACT HAS BEEN APPROVED BY HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT REVIEWS AND APPROVES THE 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICERS AND DIRECTORS ARE REMINDED OF THIS POLICY AT EACH BOARD MEETING AND ARE ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST FOR DISCUSSION BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS NO PAID EMPLOYEES OR OFFICERS. DIRECTORS AND OFFICERS SERVE IN A VOLUNTEER CAPACITY AND ARE NOT COMPENSATED FOR THEIR SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7JOSEPH F. GLENN - PRESIDENT AND ELIZABETH C. GLENN - SECRETARY/TREASURER REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:property management fees TOTAL EXPENSES:29754 PROGRAM SERVICES:29754
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:REAL ESTATE TAXES TOTAL EXPENSES:24219 PROGRAM SERVICES:24219
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:insurance TOTAL EXPENSES:25214 PROGRAM SERVICES:25214
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DESCRIPTION:MISCELLANEOUS taxes TOTAL EXPENSES:130 PROGRAM SERVICES:130
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1nA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHRISTIAN SENIOR HOUSING FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1broadway towers inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0581251085
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1581354973
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0affordable

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Filings

Displayed year

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

Open filing
Assets
$605,965
Liabilities
$933,340
Net assets
-$327,375
Revenue
$430,387
Expenses
$436,817
Net income
-$6,430
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$5.15$1.47$5.36$4.95$0.40
2023Detailed filing. Detailed filing data is available for this year.$4.17$6.04$1.87$5.23$4.69$0.54
2022Detailed filing. Detailed filing data is available for this year.$3.81$6.21$2.41$4.93$4.69$0.24
2021Detailed filing. Detailed filing data is available for this year.$4.53$7.18$2.65$4.87$4.68$0.19
2020Detailed filing. Detailed filing data is available for this year.$4.21$7.05$2.84$4.63$4.54$0.10
2019Detailed filing. Detailed filing data is available for this year.$4.49$7.42$2.94$4.72$4.70$0.01
2018Detailed filing. Detailed filing data is available for this year.$5.07$8.02$2.95$4.61$4.56$0.06
2017Detailed filing. Detailed filing data is available for this year.$5.19$8.20$3.01$4.54$4.56$0.02
2016Detailed filing. Detailed filing data is available for this year.$5.62$8.60$2.99$4.48$4.22$0.26
2015Detailed filing. Detailed filing data is available for this year.$5.48$8.73$3.25$4.36$4.33$0.02
2014Detailed filing. Detailed filing data is available for this year.$6.06$9.33$3.27$4.30$4.37$0.06
2013Detailed filing. Detailed filing data is available for this year.$6.34$9.55$3.21$4.25$4.13$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.36$9.69$3.33$4.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.35$9.67$3.32$4.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.51$9.72$3.21$4.23