Civic Intelligence

Contemporary Housing for the Aged Inc

EIN 59-1828788 • 501(c)3 • Duluth, GA

Profile

Provide elderly affordable housing.

2405 Satellite Blvd No 100Duluth, GA 30096

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

96th percentile

83%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

99th percentile

310%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

462%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$8,956,149

Up $6,769,623 (+310%) from 2017

Liabilities

Down

$20,095

Down $1,123,451 (-98%) from 2017

Net Assets

Up

$8,936,054

Up $7,893,074 (+757%) from 2017

Revenue

Up

$9,819,256

Up $8,070,906 (+462%) from 2017

Expenses

Up

$1,637,763

Up $488,397 (+42%) from 2017

Net Income

Up

$8,181,493

Up $7,582,509 (+1266%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2010: $2,183,486Liabilities 2010: $2,365,992Net Assets 2010: -$182,5062010Assets 2011: $2,106,492Liabilities 2011: $2,223,146Net Assets 2011: -$116,6542011Assets 2012: $1,987,375Liabilities 2012: $2,080,061Net Assets 2012: -$92,6862012Assets 2013: $1,927,015Liabilities 2013: $1,904,240Net Assets 2013: $22,7752013Assets 2014: $1,837,602Liabilities 2014: $1,723,872Net Assets 2014: $113,7302014Assets 2015: $1,820,573Liabilities 2015: $1,534,854Net Assets 2015: $285,7192015Assets 2016: $1,791,732Liabilities 2016: $1,347,736Net Assets 2016: $443,9962016Assets 2017: $2,186,526Liabilities 2017: $1,143,546Net Assets 2017: $1,042,9802017Assets 2018: $8,956,149Liabilities 2018: $20,095Net Assets 2018: $8,936,0542018

Highlighted filing

2018

Assets$8,956,149
Liabilities$20,095
Net Assets$8,936,054

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0Expenses 2010: $967,9362010Expenses 2011: $1,006,2652011Expenses 2012: $1,056,6202012Expenses 2013: $976,4772013Revenue 2014: $1,197,659Expenses 2014: $1,106,704Net Income 2014: $90,9552014Revenue 2015: $1,391,966Expenses 2015: $1,219,977Net Income 2015: $171,9892015Revenue 2016: $1,422,666Expenses 2016: $1,264,389Net Income 2016: $158,2772016Revenue 2017: $1,748,350Expenses 2017: $1,149,366Net Income 2017: $598,9842017Revenue 2018: $9,819,256Expenses 2018: $1,637,763Net Income 2018: $8,181,4932018

Highlighted filing

2018

Revenue$9,819,256
Expenses$1,637,763
Net Income$8,181,493

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 1, 2017 to Nov 30, 2018
Signed
Oct 15, 2019
Return Version
2017v2.3
Gross Receipts
$11,401,083
Mission and Program Overview

Mission

Provide elderly affordable housing.

Provide elderly affordable housing and other public benefit and charitable purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related-$8,633,032-
Savings and Temporary Cash Investments$885,843--
Land, Buildings, and Equipment, Net$851,758--
Cash and Non-Interest-Bearing Accounts$325,233$323,117▼ $2,116
Prepaid Expenses and Deferred Charges$123,442--
Total Assets$2,186,526$8,956,149▲ $6,769,623
Other Assets Total$250$0▼ $250
Liabilities
Mortgage Notes Payable Secured by Investment Property$957,762--
Unsecured Notes Loans Payable$27,964--
Accounts Payable and Accrued Expenses$56,436$12,050▼ $44,386
Other Liabilities$101,384$8,045▼ $93,339
Total Liabilities$1,143,546$20,095▼ $1,123,451
Net Assets / Fund Balance
Unrestricted Net Assets$1,042,980$8,936,054▲ $7,893,074
Total Net Assets Fund Balance$1,042,980$8,936,054▲ $7,893,074
Total Liabilities and Net Assets / Fund Balance$2,186,526$8,956,149▲ $6,769,623

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$8,633,032--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gerald EickhoffPresident
Joseph F GlennVice President
Robert L ReinhartVice President
Jane ReinhartDirector
Kim DelaceyDirector
Larry Gay ReaginDirector
Elizabeth GlennSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$844,370
Investment Income
$8,968,465
Other Revenue
$6,421
Change in Net Assets
$8,181,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$888,990
Other Expenses$527,746
Salaries, Compensation, and Employee Benefits$221,027
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$888,990--$888,990
Other Salaries and Wages$173,326--$173,326
Occupancy$166,585--$166,585
Insurance$75,057--$75,057
Depreciation Depletion$68,528--$68,528
Fees for Services Management-$62,051-$62,051
Other Employee Benefits$26,184--$26,184
Office Expenses$19,958--$19,958
Fees for Services Accounting-$15,617-$15,617
Payroll Taxes$13,015--$13,015
Pension Plan Contributions$8,502--$8,502
Information Technology-$3,121-$3,121
Conferences and Meetings$2,855--$2,855
Other Expenses$230$320-$230
All Other Expenses-$40-$40
Total Functional Expenses$1,554,240$83,523$0$1,637,763
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
World Outreach FundTucker, GA501(c)(3)To Provide Support to the Elderly and Handicapped Persons and Any Charitable, Educational, Religious, or Scientific Purposes Allowed Under Section 501(c)(3) of the Irc.$888,990
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
World Outreach FundCommon Board Members (2)Grant for OperationsNo$888,990
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Current Liabilities$8,045
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

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

Form 990, Part VI, Section A, Line 3

The organization appointed mansermar inc as exclusive agent for the management of housing development consisting of land, buildings, and other improvements. The duties of the management company include, but are not limited to, management input during hud processing, marketing, collections of rent and other receipts, enforcement of lease, repairs and maintenance, utilities, and services.

Form 990, Part VI, Section A, Line 4

The organization amended the articles and by-laws to eliminate specific references to the us department of housing and urban development and to broaden the organization's purpose in furtherance of its public benefit and charitable mission to include not only affordable housing for elderly and handicapped but also to allow for support of any chritable, educational, religious or scientific purposes allowed under section 501(c)(3) of the irc of 1986 as amended either directly or indirectly by providing contributions to other 501(c)(3) qualifying organizations.

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 property and the president of the management company will review the form prior to filing.

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

Conflicts are annually disclosed and discussed at board meetings.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Contemporary Housing for the Aged Inc
EIN
59-1828788
Phone
6783302000
Address
2405 SATELLITE BLVD NO 100, DULUTH, GA 30096
Doing Business As
Robert Forcum Towers

Signing Officer

Name
Joseph Glenn
Title
Vice President
Phone
6783302000
Signed
2019-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerald Eickhoff
Formed
1979
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
5
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

The organization disposed of the affordable housing complex for the elderly that it had been operating and in furtherance of the organization's public benefit and charitable purposes expanded its mission not only to provide elderly and handicapped affordable housing but also either directly or indirectly through supporting other 501(c)(3) organizations to support any charitable, educational, religious, or scientific purposes allowed under section 501(c)(3) of the internal revenue code of 1986 as amended.

FORM 990, PART 1, LINE 5 AND PART V, LINE 2A:

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

Raw XML AppendixShowing 400 of 523 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/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0844370
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0885843
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0292
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02293
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02276
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0680
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0578
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06119
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0844370
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01440285
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01410826
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01384295
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01188607
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06268383
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0292
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02293
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02276
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0680
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0578
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06119
IRS990ScheduleA/InvestmentIncomeCYPct00.00090
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt06421
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0305772
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt09564
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt06927
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08199
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0336883
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94810
IRS990ScheduleA/PublicSupportPY509Pct00.94990
IRS990ScheduleA/PublicSupportTotal509Amt06268383
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0844370
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01440285
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01410826
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01384295
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01188607
IRS990ScheduleA/Total509Grp/TotalAmt06268383
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0851083
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01748350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01422666
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01391902
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01197384
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06611385
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt08633032
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0AFFORDABLE HOUSING NOTE RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08045
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER CURRENT LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt08633032
IRS990ScheduleD/TotalLiabilityAmt08045
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0888990
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE SUPPORT TO THE ELDERLY AND HANDICAPPED PERSONS AND ANY CHARITABLE, EDUCATIONAL, RELIGIOUS, OR SCIENTIFIC PURPOSES ALLOWED UNDER SECTION 501(C)(3) OF THE IRC.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WORLD OUTREACH FUND
IRS990ScheduleI/RecipientTable/RecipientEIN0953849002
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01990 LAKESIDE PKWY STE 140
IRS990ScheduleI/RecipientTable/USAddress/CityNm0TUCKER
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0GA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd030084
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0WORLD OUTREACH FUND
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON BOARD MEMBERS (2)
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0888990
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0GRANT FOR OPERATIONS
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0LAND, BUILDING, EQUIPMENT
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1COUNTY TRANSFER TAX
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2STATE TRANSFER TAX
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0HIALEAH HOUSING LLLP
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt1HIALEAH HOUSING LLLP
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt2HIALEAH HOUSING LLLP
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02018-06-28
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12018-06-28
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt22018-06-28
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0352597692
IRS990ScheduleN/DispositionOfAssetsDetail/EIN1352597692
IRS990ScheduleN/DispositionOfAssetsDetail/EIN2352597692
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt010550000
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt147475
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt263300
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0LIMITED PARTNERSHIP
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt1LIMITED PARTNERSHIP
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt2LIMITED PARTNERSHIP
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0SELLING PRICE - FMV
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt1CASH
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt2CASH
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0PO BOX 957
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt1PO BOX 957
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt2PO BOX 957
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0WATKINSVILLE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm1WATKINSVILLE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm2WATKINSVILLE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0GA
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd1GA
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd2GA
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd030677
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd130677
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd230677
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DISPOSED OF THE AFFORDABLE HOUSING COMPLEX FOR THE ELDERLY THAT IT HAD BEEN OPERATING AND IN FURTHERANCE OF THE ORGANIZATION'S PUBLIC BENEFIT AND CHARITABLE PURPOSES EXPANDED ITS MISSION NOT ONLY TO PROVIDE ELDERLY AND HANDICAPPED AFFORDABLE HOUSING BUT ALSO EITHER DIRECTLY OR INDIRECTLY THROUGH SUPPORTING OTHER 501(C)(3) ORGANIZATIONS TO SUPPORT ANY CHARITABLE, EDUCATIONAL, RELIGIOUS, OR SCIENTIFIC PURPOSES ALLOWED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED.
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 WIFE OF JOSEPH F. GLENN AND JANE M. REINHART IS WIFE OF ROBERT L. REINHART
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION APPOINTED MANSERMAR INC AS EXCLUSIVE AGENT FOR THE MANAGEMENT OF HOUSING DEVELOPMENT CONSISTING OF LAND, BUILDINGS, AND OTHER IMPROVEMENTS. THE DUTIES OF THE MANAGEMENT COMPANY INCLUDE, BUT ARE NOT LIMITED TO, MANAGEMENT INPUT DURING HUD PROCESSING, MARKETING, COLLECTIONS OF RENT AND OTHER RECEIPTS, ENFORCEMENT OF LEASE, REPAIRS AND MAINTENANCE, UTILITIES, AND SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION AMENDED THE ARTICLES AND BY-LAWS TO ELIMINATE SPECIFIC REFERENCES TO THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND TO BROADEN THE ORGANIZATION'S PURPOSE IN FURTHERANCE OF ITS PUBLIC BENEFIT AND CHARITABLE MISSION TO INCLUDE NOT ONLY AFFORDABLE HOUSING FOR ELDERLY AND HANDICAPPED BUT ALSO TO ALLOW FOR SUPPORT OF ANY CHRITABLE, EDUCATIONAL, RELIGIOUS OR SCIENTIFIC PURPOSES ALLOWED UNDER SECTION 501(C)(3) OF THE IRC OF 1986 AS AMENDED EITHER DIRECTLY OR INDIRECTLY BY PROVIDING CONTRIBUTIONS TO OTHER 501(C)(3) QUALIFYING ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOCUMENTS MEETINGS HELD BY THE GOVERNING BODY. THERE ARE NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PRESIDENT OF THE PROPERTY AND THE PRESIDENT OF THE MANAGEMENT COMPANY WILL REVIEW THE FORM PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONFLICTS ARE ANNUALLY DISCLOSED AND DISCUSSED AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND PROCEDURES AND FINANICAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11

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