Civic Intelligence

Wesley at Graceland Inc.

990 • Fiscal year 2013 • EIN 58-1878356

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

Organization ProfileWWW.WESLEYLIVING.COM
1615 Appling Road38016

(901) 380-4900

Siviq Scores

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

Liabilities / Assets

85th percentile

0.72x

Higher debt load relative to assets than 85% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

89th percentile

2.03x

Higher debt load relative to revenue than 89% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

27th percentile

-3.0%

Faster asset growth than 27% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$3,939,467

Down $121,816 (-3.0%) from 2012

Net Assets

Up

$1,109,250

Up $165,091 (+17%) from 2012

Liabilities

Down

$2,830,217

Down $286,907 (-9.2%) from 2012

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin69th percentile

Revenue

$1,391,557

No earlier filing loaded for comparison.

Expenses

Down

$1,226,466

Down $76,878 (-5.9%) from 2012

Net Income

$165,091

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,221,607Liabilities 2010: $3,583,485Net Assets 2010: $638,1222010Assets 2011: $4,191,494Liabilities 2011: $3,364,250Net Assets 2011: $827,2442011Assets 2012: $4,061,283Liabilities 2012: $3,117,124Net Assets 2012: $944,1592012Assets 2013: $3,939,467Liabilities 2013: $2,830,217Net Assets 2013: $1,109,2502013Assets 2014: $3,767,908Liabilities 2014: $2,500,044Net Assets 2014: $1,267,8642014Assets 2015: $4,867,975Liabilities 2015: $3,473,034Net Assets 2015: $1,394,9412015Assets 2016: $5,417,731Liabilities 2016: $24,378Net Assets 2016: $5,393,3532016Assets 2017: $6,305,874Liabilities 2017: $1,178,630Net Assets 2017: $5,127,2442017Assets 2018: $6,191,948Liabilities 2018: $1,083,932Net Assets 2018: $5,108,0162018Assets 2019: $6,538,332Liabilities 2019: $1,046,492Net Assets 2019: $5,491,8402019Assets 2020: $7,117,243Liabilities 2020: $1,204,965Net Assets 2020: $5,912,2782020Assets 2021: $7,528,627Liabilities 2021: $1,326,072Net Assets 2021: $6,202,5552021Assets 2022: $6,925,141Liabilities 2022: $965,689Net Assets 2022: $5,959,4522022Assets 2023: $7,173,322Liabilities 2023: $866,225Net Assets 2023: $6,307,0972023Assets 2024: $7,450,626Liabilities 2024: $821,424Net Assets 2024: $6,629,2022024

Highlighted filing

2013

Assets$3,939,467
Liabilities$2,830,217
Net Assets$1,109,250
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,166,1312010Expenses 2011: $1,192,9752011Expenses 2012: $1,303,3442012Revenue 2013: $1,391,557Expenses 2013: $1,226,466Net Income 2013: $165,0912013Revenue 2014: $1,434,318Expenses 2014: $1,275,704Net Income 2014: $158,6142014Revenue 2015: $1,467,330Expenses 2015: $1,340,253Net Income 2015: $127,0772015Revenue 2016: $4,969,491Expenses 2016: $971,079Net Income 2016: $3,998,4122016Revenue 2017: $2,512Expenses 2017: $140,620Net Income 2017: -$138,1082017Revenue 2018: $279,806Expenses 2018: $113,755Net Income 2018: $166,0512018Revenue 2019: $316,974Expenses 2019: $216,945Net Income 2019: $100,0292019Revenue 2020: $182,307Expenses 2020: $146,281Net Income 2020: $36,0262020Revenue 2021: $361,414Expenses 2021: $148,873Net Income 2021: $212,5412021Revenue 2022: $476,244Expenses 2022: $142,636Net Income 2022: $333,6082022Revenue 2023: $210,917Expenses 2023: $133,385Net Income 2023: $77,5322023Revenue 2024: $285,436Expenses 2024: $156,387Net Income 2024: $129,0492024

Highlighted filing

2013

Revenue$1,391,557
Expenses$1,226,466
Net Income$165,091
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.0
Gross Receipts
$1,391,557
Mission and Program Overview

Mission

To provide housing and services to low, very low, and extremely low income elderly.

To provide low income housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,362,481$2,223,926▼ $138,555
Cash and Non-Interest-Bearing Accounts$560,623$571,257▲ $10,634
Accounts Receivable$177,781$164,134▼ $13,647
Prepaid Expenses and Deferred Charges$68,702$76,626▲ $7,924
Total Assets$4,061,283$3,939,467▼ $121,816
Other Assets Total$891,696$903,524▲ $11,828
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,865,000$2,600,000▼ $265,000
Accounts Payable and Accrued Expenses$130,043$113,305▼ $16,738
Deferred Revenue$63,387$59,456▼ $3,931
Other Liabilities$58,694$57,456▼ $1,238
Total Liabilities$3,117,124$2,830,217▼ $286,907
Net Assets / Fund Balance
Unrestricted Net Assets$944,159$1,109,250▲ $165,091
Total Net Assets Fund Balance$944,159$1,109,250▲ $165,091
Total Liabilities and Net Assets / Fund Balance$4,061,283$3,939,467▼ $121,816

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,057,172$3,798,573$4,855,745
Land$946,550-$946,550
Equipment$166,873$111,133$278,006
Leasehold Improvements$53,331$107,331$160,662
Other Assets Org$57,853--
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
Nick NashPresident
Rev Donald ParkVice President
Diane SluderDirector
Dwight DavisDirector
Earline MatthewsDirector
Michelle FracchiaDirector
Pam JeffriesDirector
Rev Steve CavittDirector
Wallace McalexanderDirector
William KeithDirector
Larry KalerNon-voting CEO
Jim NassoNon-voting COO
Mary Lou CushingSecretary / Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Wesley Housing Corporation Of Memphis IManagement & Bookkeeping Fees-$119,582
Revenue and Support

Revenue Composition

Contributions and Grants
$799,809
Program Service Revenue
$551,285
Investment Income
$40,463
Other Revenue
$0
Change in Net Assets
$165,091

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,391,557
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,391,557
Total Revenue per Form 990
$1,391,557
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$915,271
Salaries, Compensation, and Employee Benefits$311,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$270,483--$270,483
Other Salaries and Wages$249,098--$249,098
Depreciation Depletion$238,145--$238,145
Interest$211,532--$211,532
Fees for Services Management$98,688--$98,688
Other Employee Benefits$41,419--$41,419
Fees for Services Accounting$32,246--$32,246
Payroll Taxes$15,279--$15,279
Office Expenses$8,082--$8,082
Information Technology$8,017--$8,017
Advertising$6,136--$6,136
Pension Plan Contributions$5,399--$5,399
Travel$2,116--$2,116
Conferences and Meetings$1,907--$1,907
Other Expenses$578--$578
Fees for Services Legal$417--$417
Total Functional Expenses$1,226,466$0$0$1,226,466

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,226,466
Total Expenses per Audited Statements$1,226,466
Total Expenses per Form 990$1,226,466
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
Tenant Security Deposits$57,456
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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

“Wesley housing corporation of memphis, inc. Acts as the management company for wesley at graceland, inc.”

Form 990, Part VI, Section B, Line 11

“A non-voting member of the board reviews the form 990 before it is filed.”

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

“The organization periodically reviews and updates the disclosed interests of officers, directors, and key employees that could potentially give rise to conflict.”

Form 990, Part VI, Section B, Line 15

“Compensation of all employees is determined through the approval of the budget.”

Form 990, Part VI, Section C, Line 19

“The organization provides access of its financial information to the public through www.guidestar.com or upon request.”

Filing and Contact Details

Filer

EIN
58-1878356
Phone
9013804900

Signing Officer

Name
Larry Kaler
Title
CEO
Phone
9013804900
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Kaler
Formed
1990
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
11
Volunteers
11

Preparer

Preparer
Marcus Rountree
Phone
9015238283
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

“The board of directors assumes responsibility for oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed since the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The project adopted the income taxes topic of the fasb accounting standards codification (asc) 740, which provides guidance for how uncertain income tax positions should be recognized, measured, presented and disclosed in the financial statements. The project is required to evaluate the income tax positions taken or expected to be taken to determine whether the positions are "more-likely-than-not" to be sustained upon examination by the applicable tax authority. The project has determined that the application of the income taxes standard does not impact the operations of the project and that no provision for income tax is required in the project's financial statements. As of december 31, 2013, the following tax years remain open due to the applicable tax authority's ability to review and assess previously issued returns: federal - december 31, 2010, 2011, 2012, and 2013. There have been no interest or penalties recognized in the statement of financial position or statement of activities and changes in net (deficit) for the years ended december 31, 2013 and 2012.”

Raw XML AppendixShowing 400 of 649 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/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY / TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OfficeExpensesGrp/TotalAmt08082
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0891696
IRS990/OtherAssetsTotalGrp/EOYAmt0903524
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt041419
IRS990/OtherEmployeeBenefitsGrp/TotalAmt041419
IRS990/OtherExpensesGrp/Desc0OTHER MISC EXPENSES
IRS990/OtherExpensesGrp/Desc1TAXES
IRS990/OtherExpensesGrp/Desc2BANK CHARGES
IRS990/OtherExpensesGrp/Desc3VEHICLE OPERATIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt023866
IRS990/OtherExpensesGrp/ProgramServicesAmt19610
IRS990/OtherExpensesGrp/ProgramServicesAmt23448
IRS990/OtherExpensesGrp/ProgramServicesAmt3578
IRS990/OtherExpensesGrp/TotalAmt023866
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IRS990/OtherLiabilitiesGrp/BOYAmt058694
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0249098
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt015279
IRS990/PayrollTaxesGrp/TotalAmt015279
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05399
IRS990/PensionPlanContributionsGrp/TotalAmt05399
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt068702
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt076626
IRS990/PrincipalOfficerNm0LARRY KALER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0NET TENANT RENTS
IRS990/ProgramServiceRevenueGrp/Desc1RENT RELATED REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19588
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0541697
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19588
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0115362
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt040398
IRS990/PYOtherExpensesAmt0968123
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01264499
IRS990/PYRevenuesLessExpensesAmt0116915
IRS990/PYSalariesCompEmpBnftPaidAmt0335221
IRS990/PYTotalExpensesAmt01303344
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01420259
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0165091
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0551285
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0799809
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0115362
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0102033
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt096053
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt089560
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01202817
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt040463
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt040398
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt036079
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt040547
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt041389
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0198876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0541697
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01253369
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01243985
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01241532
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01201161
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05481744
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt040463
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt040398
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt036079
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt040547
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt041389
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0198876
IRS990ScheduleA/InvestmentIncomeCYPct00.02880
IRS990ScheduleA/InvestmentIncomePYPct00.03220
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt09588
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt011130
IRS990ScheduleA/OtherIncome509Grp/TotalAmt020718
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96820
IRS990ScheduleA/PublicSupportPY509Pct00.96620
IRS990ScheduleA/PublicSupportTotal509Amt06684561
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01341506
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01368731
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01346018
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01337585
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01290721
IRS990ScheduleA/Total509Grp/TotalAmt06684561
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01391557
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01420259
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01382097
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01378132
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01332110
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06904155
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/BookValueAmt01057172
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03798573
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04855745
IRS990ScheduleD/EquipmentGrp/BookValueAmt0166873
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0111133
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0278006
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01226466
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0946550
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0946550
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt053331
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0107331
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0160662
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0845671
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt157853
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGE ESCROWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt057456
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01391557
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT ADOPTED THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN INCOME TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE PROJECT IS REQUIRED TO EVALUATE THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE PROJECT HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAXES STANDARD DOES NOT IMPACT THE OPERATIONS OF THE PROJECT AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE PROJECT'S FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2013, THE FOLLOWING TAX YEARS REMAIN OPEN DUE TO THE APPLICABLE TAX AUTHORITY'S ABILITY TO REVIEW AND ASSESS PREVIOUSLY ISSUED RETURNS: FEDERAL - DECEMBER 31, 2010, 2011, 2012, AND 2013. THERE HAVE BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES AND CHANGES IN NET (DEFICIT) FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0903524
IRS990ScheduleD/TotalExpensesPerForm990Amt01226466
IRS990ScheduleD/TotalLiabilityAmt057456
IRS990ScheduleD/TotalRevenuePerForm990Amt01391557
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01391557

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,939,467
Liabilities
$2,830,217
Net assets
$1,109,250
Revenue
$1,391,557
Expenses
$1,226,466
Net income
$165,091
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.45$0.82$6.63$0.29$0.16$0.13
2023Detailed filing. Detailed filing data is available for this year.$7.17$0.87$6.31$0.21$0.13$0.08
2022Detailed filing. Detailed filing data is available for this year.$6.93$0.97$5.96$0.48$0.14$0.33
2021Detailed filing. Detailed filing data is available for this year.$7.53$1.33$6.20$0.36$0.15$0.21
2020Detailed filing. Detailed filing data is available for this year.$7.12$1.20$5.91$0.18$0.15$0.04
2019Detailed filing. Detailed filing data is available for this year.$6.54$1.05$5.49$0.32$0.22$0.10
2018Detailed filing. Detailed filing data is available for this year.$6.19$1.08$5.11$0.28$0.11$0.17
2017Summary only. Only limited summary data is available for this year.$6.31$1.18$5.13$0.00$0.14$0.14
2016Detailed filing. Detailed filing data is available for this year.$5.42$0.02$5.39$4.97$0.97$4.00
2015Detailed filing. Detailed filing data is available for this year.$4.87$3.47$1.39$1.47$1.34$0.13
2014Detailed filing. Detailed filing data is available for this year.$3.77$2.50$1.27$1.43$1.28$0.16
2013Detailed filing. Detailed filing data is available for this year.$3.94$2.83$1.11$1.39$1.23$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.06$3.12$0.94$1.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.19$3.36$0.83$1.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.22$3.58$0.64$1.17