Liabilities / Assets
44th percentile
Higher debt load relative to assets than 44% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
44th percentile
Higher debt load relative to assets than 44% of similar nonprofits.
Liabilities / Revenue
42nd percentile
Higher debt load relative to revenue than 42% of similar nonprofits.
Net Margin
57th percentile
Higher net margin than 57% of similar nonprofits.
Top Officer Pay
39th percentile
Higher top officer pay than 39% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
54th percentile
Faster revenue growth than 54% of similar nonprofits.
Assets
Up$1,056,168
Up $97,903 (+10%) from 2021
Net Assets
Up$1,013,127
Up $89,574 (+9.7%) from 2021
Liabilities
Up$43,041
Up $8,329 (+24%) from 2021
Revenue
Up$847,505
Up $66,422 (+8.5%) from 2021
Expenses
Up$757,931
Up $62,229 (+8.9%) from 2021
Net Income
Up$89,574
Up $4,193 (+4.9%) from 2021
Advanced the welfare of the community, through construction, maintaining and operating a sixty-five (65) unit multifamily governmental assisted housing project for the elderly and low-to-moderate income families.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $359,924 | $355,955 | ▼ $3,969 |
| Cash and Non-Interest-Bearing Accounts | $97,757 | $92,091 | ▼ $5,666 |
| Prepaid Expenses and Deferred Charges | $59,020 | $60,604 | ▲ $1,584 |
| Accounts Receivable | $18,529 | $12,483 | ▼ $6,046 |
| Total Assets | $958,265 | $1,056,168 | ▲ $97,903 |
| Other Assets Total | $423,035 | $535,035 | ▲ $112,000 |
| Liabilities | |||
| Other Liabilities | $17,061 | $17,299 | ▲ $238 |
| Accounts Payable and Accrued Expenses | $11,216 | $15,081 | ▲ $3,865 |
| Deferred Revenue | $6,435 | $10,661 | ▲ $4,226 |
| Total Liabilities | $34,712 | $43,041 | ▲ $8,329 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $923,553 | $1,013,127 | ▲ $89,574 |
| Total Net Assets Fund Balance | $923,553 | $1,013,127 | ▲ $89,574 |
| Total Liabilities and Net Assets / Fund Balance | $958,265 | $1,056,168 | ▲ $97,903 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $218,510 | $1,174,141 | $1,392,651 |
| Equipment | $32,298 | $491,614 | $523,912 |
| Land | $105,147 | - | $105,147 |
| Other Assets Org | $1,671 | - | - |
| Name | Title |
|---|---|
| Bobbie Thomas | President |
| Rev Willie Cook | Vice President |
| Kenneth Gosier | Director |
| Shlonda Brown | Director |
| Thomacina Gosier | Director |
| Barbara Roberts | Secretary |
| Jerelene Franklin | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $557,676 |
| Salaries, Compensation, and Employee Benefits | $200,255 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $181,488 | - | - | $181,488 |
| Occupancy | $123,378 | - | - | $123,378 |
| Insurance | $82,556 | - | - | $82,556 |
| Fees for Services Management | - | $39,824 | - | $39,824 |
| Depreciation Depletion | $28,521 | - | - | $28,521 |
| Payroll Taxes | $16,559 | - | - | $16,559 |
| Office Expenses | $11,141 | - | - | $11,141 |
| Information Technology | $7,037 | $1,865 | - | $8,902 |
| Fees for Services Accounting | - | $7,963 | - | $7,963 |
| Fees for Services Legal | $4,392 | - | - | $4,392 |
| Conferences and Meetings | - | $2,902 | - | $2,902 |
| Other Employee Benefits | $2,208 | - | - | $2,208 |
| Other Expenses | $1,841 | $15,817 | - | $1,841 |
| Advertising | $965 | - | - | $965 |
| Travel | - | $286 | - | $286 |
| Total Functional Expenses | $689,274 | $68,657 | $0 | $757,931 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $757,931 |
| Total Expenses per Audited Statements | $757,931 |
| Total Expenses per Form 990 | $757,931 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Tenant Security Deposits | $17,299 |
“The organization uses a management company, spm llc, to operate the apartment complex and to verify that the tenants are in compliance with the organization's exempt purpose. Effective august 2021, phase housing management, llc replaced spm llc as the management company.”
“Organization's process to review form 990: copy was provided for the board to review line by line.”
“Compensation process for top official: hud sets the scale for the management fee and must approve all increases. The board selects the certified property management company with hud's approval.”
“Governing documents disclosure explanation: information is presented upon request.”
“The corporation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The corporation has adopted accounting for uncertainty in income taxes (fasb accounting standards codification (asc) 740-10, income taxes). It requires that a tax position be recognized or derecognized based on a 'more-likely-than-not' threshold. This applies to positions taken or expected to be taken in a tax return. The implementation had no impact on the corporation's statement of financial position or statement of activities. The corporation does not believe its financial statements include any uncertain tax positions and that no income taxes are due for its activities. Therefore, no provision for income taxes is included in the financial statements.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 11216 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 15081 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 18529 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 12483 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | ADVANCED THE WELFARE OF THE COMMUNITY, THROUGH CONSTRUCTION, MAINTAINING AND OPERATING A SIXTY-FIVE (65) UNIT MULTIFAMILY GOVERNMENTAL ASSISTED HOUSING PROJECT FOR THE ELDERLY AND LOW-TO-MODERATE INCOME FAMILIES. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 965 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 965 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | PHASE HOUSING MANAGEMENT LLC |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7708091218 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4920 ATLANTA HIGHWAY SUITE 345 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | ALPHARETTA |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | GA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 30004 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 97757 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 92091 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 2902 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 2902 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 202 |
| IRS990/CYOtherExpensesAmt | 0 | 557676 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 847303 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 89574 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 200255 |
| IRS990/CYTotalExpensesAmt | 0 | 757931 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 847505 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 6435 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 10661 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 28521 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 28521 |
| IRS990/Desc | 0 | RENTAL OF 65 UNITS UNDER A HUD 221(D)(3) PROGRAM |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DoingBusinessAsName/BusinessNameLine1Txt | 0 | LA LEE TERRACE APARTMENTS |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 689274 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 7963 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 7963 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 4392 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 4392 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 39824 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 39824 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | KENNETH GOSIER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | THOMACINA GOSIER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | BOBBIE THOMAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | REV WILLIE COOK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | BARBARA ROBERTS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JERELENE FRANKLIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | SHLONDA BROWN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1969 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 847505 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 1865 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 7037 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 8902 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 82556 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 82556 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 202 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 202 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 8 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1665755 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 359924 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 355955 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 2021710 |
| IRS990/LegalDomicileStateCd | 0 | FL |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | ADVANCED THE WELFARE OF THE COMMUNITY, THROUGH CONSTRUCTION, MAINTAINING AND OPERATING A SIXTY-FIVE (65) UNIT MULTIFAMILY GOVERNMENTAL ASSISTED HOUSING PROJECT FOR THE ELDERLY AND LOW-TO-MODERATE INCOME FAMILIES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 923553 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1013127 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 923553 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1013127 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 123378 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 123378 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 11141 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 11141 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 423035 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 535035 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 2208 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 2208 |
| IRS990/OtherExpensesGrp/Desc | 0 | REPAIRS & MAINTENANCE |
| IRS990/OtherExpensesGrp/Desc | 1 | BAD DEBT EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 2 | MISCELLANEOUS ADMIN EXP |
| IRS990/OtherExpensesGrp/Desc | 3 | MISC TAXES, LICENSES, & |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 15817 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 172367 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 56821 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 1841 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 172367 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 56821 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 15817 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 1841 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 17061 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 17299 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 181488 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 181488 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 16559 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 16559 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 59020 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 60604 |
| IRS990/PrincipalOfficerNm | 0 | BOBBIE THOMAS |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | LAUNDRY & VENDING |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 844244 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 3059 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 844244 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 3059 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 131 |
| IRS990/PYOtherExpensesAmt | 0 | 555232 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 780952 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 85381 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 140470 |
| IRS990/PYTotalExpensesAmt | 0 | 695702 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 781083 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 89574 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 847303 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 202 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 131 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 62 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 51 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 26 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 472 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 847303 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 780952 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 768349 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 726412 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 609974 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 3732990 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 202 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 131 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 62 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 51 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 26 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 472 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00010 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00010 |
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| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 523912 |
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| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 490724 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 1671 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | TENANT SECURITY DEPOSITS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | ESCROW DEPOSITS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | REPAIR ESCROW |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | UTILITY DEPOSITS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 17299 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | TENANT SECURITY DEPOSITS |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION HAD NO IMPACT ON THE CORPORATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE CORPORATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
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| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 535035 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 757931 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 17299 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 847505 |
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| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 757931 |
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| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION USES A MANAGEMENT COMPANY, SPM LLC, TO OPERATE THE APARTMENT COMPLEX AND TO VERIFY THAT THE TENANTS ARE IN COMPLIANCE WITH THE ORGANIZATION'S EXEMPT PURPOSE. EFFECTIVE AUGUST 2021, PHASE HOUSING MANAGEMENT, LLC REPLACED SPM LLC AS THE MANAGEMENT COMPANY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ORGANIZATION'S PROCESS TO REVIEW FORM 990: COPY WAS PROVIDED FOR THE BOARD TO REVIEW LINE BY LINE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | COMPENSATION PROCESS FOR TOP OFFICIAL: HUD SETS THE SCALE FOR THE MANAGEMENT FEE AND MUST APPROVE ALL INCREASES. THE BOARD SELECTS THE CERTIFIED PROPERTY MANAGEMENT COMPANY WITH HUD'S APPROVAL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: INFORMATION IS PRESENTED UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
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| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
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| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1056168 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
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| IRS990/TotalGrossUBIAmt | 0 | 0 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 43041 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 34712 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 43041 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 923553 |
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| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 286 |
| IRS990/TravelGrp/TotalAmt | 0 | 286 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 4981 NW 13 STREET |
| IRS990/USAddress/CityNm | 0 | LAUDERHILL |
| IRS990/USAddress/StateAbbreviationCd | 0 | FL |
| IRS990/USAddress/ZIPCd | 0 | 33313 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BOBBIE THOMAS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.