Civic Intelligence

Lutheran Residences Inc.

990 • Fiscal year 2014 • EIN 59-6178232

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 27, 2015

Organization Profilewww.lutheranresidences.com
550 First Avenue SouthSt Petersburg, FL 33701

(727) 896-3197

Siviq Scores

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

Liabilities / Assets

86th percentile

0.78x

Higher debt load relative to assets than 86% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

2.15x

Higher debt load relative to revenue than 88% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

25th percentile

-4.2%

Higher net margin than 25% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

32nd percentile

-1.3%

Faster asset growth than 32% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

34th percentile

-1.0%

Faster revenue growth than 34% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$6,912,730

Down $94,401 (-1.3%) from 2013

Net Assets

Down

$1,487,499

Down $105,792 (-6.6%) from 2013

Liabilities

Up

$5,425,231

Up $11,391 (+0.2%) from 2013

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin25th percentile

Revenue

Down

$2,528,330

Down $25,910 (-1.0%) from 2013

Expenses

Up

$2,634,122

Up $62,700 (+2.4%) from 2013

Net Income

Down

-$105,792

Down $88,610 (-516%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$15M$10M$5.0M$0Assets 2010: $7,526,584Liabilities 2010: $5,674,054Net Assets 2010: $1,852,5302010Assets 2011: $7,335,155Liabilities 2011: $5,578,101Net Assets 2011: $1,757,0542011Assets 2012: $7,164,226Liabilities 2012: $5,553,753Net Assets 2012: $1,610,4732012Assets 2013: $7,007,131Liabilities 2013: $5,413,840Net Assets 2013: $1,593,2912013Assets 2014: $6,912,730Liabilities 2014: $5,425,231Net Assets 2014: $1,487,4992014Assets 2015: $6,800,942Liabilities 2015: $5,292,003Net Assets 2015: $1,508,9392015Assets 2016: $6,431,360Liabilities 2016: $4,806,032Net Assets 2016: $1,625,3282016Assets 2017: $6,545,435Liabilities 2017: $4,727,208Net Assets 2017: $1,818,2272017Assets 2018: $6,523,280Liabilities 2018: $4,649,611Net Assets 2018: $1,873,6692018Assets 2019: $14,473,903Liabilities 2019: $729,875Net Assets 2019: $13,744,0282019Assets 2020: $4,141,523Liabilities 2020: $277,869Net Assets 2020: $3,863,6542020Assets 2021: $4,328,457Liabilities 2021: $161,971Net Assets 2021: $4,166,4862021Assets 2022: $2,730,204Liabilities 2022: $0Net Assets 2022: $2,730,2042022Assets 2023: $2,782,444Liabilities 2023: $0Net Assets 2023: $2,782,4442023Assets 2024: $2,851,932Liabilities 2024: $0Net Assets 2024: $2,851,9322024

Highlighted filing

2014

Assets$6,912,730
Liabilities$5,425,231
Net Assets$1,487,499
Open 2014 Filing

Operations Trend

Revenue Growth34th percentile

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

$20M$10M$0-$10MExpenses 2010: $2,493,3722010Expenses 2011: $2,495,0072011Revenue 2012: $2,534,919Expenses 2012: $2,681,500Net Income 2012: -$146,5812012Revenue 2013: $2,554,240Expenses 2013: $2,571,422Net Income 2013: -$17,1822013Revenue 2014: $2,528,330Expenses 2014: $2,634,122Net Income 2014: -$105,7922014Revenue 2015: $2,591,512Expenses 2015: $2,570,072Net Income 2015: $21,4402015Revenue 2016: $2,675,408Expenses 2016: $2,559,019Net Income 2016: $116,3892016Revenue 2017: $2,699,743Expenses 2017: $2,506,844Net Income 2017: $192,8992017Revenue 2018: $2,662,893Expenses 2018: $2,607,451Net Income 2018: $55,4422018Revenue 2019: $14,047,066Expenses 2019: $2,176,707Net Income 2019: $11,870,3592019Revenue 2020: $1,399,720Expenses 2020: $11,146,039Net Income 2020: -$9,746,3192020Revenue 2021: $1,422,922Expenses 2021: $1,120,090Net Income 2021: $302,8322021Revenue 2022: $66,437Expenses 2022: $1,502,719Net Income 2022: -$1,436,2822022Revenue 2023: $67,737Expenses 2023: $15,497Net Income 2023: $52,2402023Revenue 2024: $69,488Expenses 2024: $0Net Income 2024: $69,4882024

Highlighted filing

2014

Revenue$2,528,330
Expenses$2,634,122
Net Income-$105,792
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 27, 2015
Return Version
2014v5.0
Gross Receipts
$2,528,330
Mission and Program Overview

Mission

We are a HUD regulated senior housing organization. Our mission is to provide affordable housing and other services to low-income elderly persons. Lutheran Residences, Inc. owns and operated two HUD housing projects (Lutheran Residences of South Pasadena and Lutheran Apartments).

We are a HUD regulated senior housing organization. Our mission is to provide affordable housing and other services to low-income elderly persons. Lutheran Residences, Inc. owns and operates two HUD housing projects (Lutheran Residences of South Pasadena and Lutheran Apartments).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,140,901$5,041,860▼ $99,041
Prepaid Expenses and Deferred Charges$160,194$163,919▲ $3,725
Savings and Temporary Cash Investments$95,441$101,922▲ $6,481
Cash and Non-Interest-Bearing Accounts$196,840$52,459▼ $144,381
Accounts Receivable$852$23,975▲ $23,123
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,007,131$6,912,730▼ $94,401
Other Assets Total$1,412,903$1,528,595▲ $115,692
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,152,313$5,071,881▼ $80,432
Other Liabilities$200,658$203,549▲ $2,891
Accounts Payable and Accrued Expenses$60,869$146,266▲ $85,397
Deferred Revenue-$3,535-
Total Liabilities$5,413,840$5,425,231▲ $11,391
Net Assets / Fund Balance
Unrestricted Net Assets$1,593,291$1,487,499▼ $105,792
Total Net Assets Fund Balance$1,593,291$1,487,499▼ $105,792
Total Liabilities and Net Assets / Fund Balance$7,007,131$6,912,730▼ $94,401

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,390,481-$11,390,481
Land$436,549-$436,549
Equipment$243,750-$243,750
Other Land Buildings$-7,028,920$7,028,920-
Other Assets Org$202,899--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Derek KilbornPresident
Todd YostVice President
Bob SchifferDirector
Dennis MillerDirector
Judith BunkerDirector
Marjorie RuthDirector
Terri ZieglerSecretary
Graham MunceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,365,286
Investment Income
$5,534
Other Revenue
$157,510
Change in Net Assets
$-105,792

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,528,330
Total Revenue per Audited Statements
$2,528,330
Total Revenue per Form 990
$2,528,330
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,948,202
Salaries, Compensation, and Employee Benefits$685,920
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$590,085--$590,085
Occupancy$531,849--$531,849
Depreciation Depletion$347,800--$347,800
Insurance$248,943--$248,943
Fees for Services Management-$174,275-$174,275
Interest$132,565--$132,565
Office Expenses$108,232--$108,232
All Other Expenses$82,981--$82,981
Fees for Services Accounting-$49,288-$49,288
Payroll Taxes$48,829--$48,829
Other Employee Benefits$47,006--$47,006
Other Expenses$33,653--$33,653
Advertising$22,905--$22,905
Travel$12,157--$12,157
Fees for Services Legal-$581-$581
Total Functional Expenses$2,409,978$224,144$0$2,634,122

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,634,122
Total Expenses per Audited Statements$2,634,122
Total Expenses per Form 990$2,634,122
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

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$203,549
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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, Line 3: Description of Delegated Duties to Management Company

“Effective November 26, 2012, the board hired a management company to manage the day to day operations of the facilities and to provide accounting and financial oversight.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The president of the Board of Directors reviews the Form 990 in detail before signing and filing the return.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The Board annually confirms with voting board members that he/she is in compliance with the conflict of interest policy.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The Board of Directors reviews and approves all salaries in the budget process annually.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The Organization has its governing documents, conflict of interest policy, and financial statements available for public inspection at the address of this return.”

Filing and Contact Details

Filer

Filer Name
Lutheran Residences Inc
EIN
59-6178232
Phone
7278963197
Address
550 First Avenue South, St Petersburg, FL 33701

Signing Officer

Name
Derek Kilborn
Title
President
Signed
2015-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derek Kilborn
Formed
1967
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
40
Volunteers
31

Preparer

Firm
Barton Gonzalez & Myers Pa
Address
13137 66TH ST, LARGO, FL 33773-1812
Preparer
Sergio Gonzalez
Phone
7273441040
Supplemental Narrative

Additional Explanations

Activity of Lutheran Residences, Inc.

“We are a HUD regulated senior housing organization. Our mission is to provide affordable housing and other services to low-income elderly persons. Lutheran Residences, Inc. owns and operates two HUD housing projects (Lutheran Residences of South Pasadena HUD Project No. 067-SH039 and Lutheran Apartments HUD Project No. 067-38022). During the year ended December 31, 2014 each project reported separate financial statements and each project's financial statement was audited. This Form 990 represents the combined balances and activity of the two projects.”

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code, and has been determined not to be a private foundation (within the meaning of Section 509(a)(1) of the Internal Revenue Code). As such, no provision for income tax expense has been made in the accompanying financial statements.The Organization has adopted the provisions of the FASB ASC 740, Income Taxes (formerly Interpretation 48 [FIN 48], Accounting for Uncertain Tax Positions). ASC 740 clarifies the accounting for income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. ASC 740 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Project determined that during the year ended December 31, 2014, ASC 740 did not have a material impact on its financial position, activities or cash flows.The Organizations Forms 990, Return of Organization Exempt from Income Tax, and Forms 990-T, Exempt Organization Business Income Tax Return, are subject to examination by the IRS, generally for three years after they were filed.”

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IRS990/LandBldgEquipBasisNetGrp/EOYAmt05041860
IRS990/LandBldgEquipCostOrOtherBssAmt012070780
IRS990/LegalDomicileStateCd0FL
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0We are a HUD regulated senior housing organization. Our mission is to provide affordable housing and other services to low-income elderly persons. Lutheran Residences, Inc. owns and operates two HUD housing projects (Lutheran Residences of South Pasadena and Lutheran Apartments).
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05152313
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05071881
IRS990/NetAssetsOrFundBalancesBOYAmt01593291
IRS990/NetAssetsOrFundBalancesEOYAmt01487499
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt049598
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt049598
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0531849
IRS990/OccupancyGrp/TotalAmt0531849
IRS990/OfficeExpensesGrp/ProgramServicesAmt0108232
IRS990/OfficeExpensesGrp/TotalAmt0108232
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01412903
IRS990/OtherAssetsTotalGrp/EOYAmt01528595
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt047006
IRS990/OtherEmployeeBenefitsGrp/TotalAmt047006
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc2Heating/Cooling Repair & Maint
IRS990/OtherExpensesGrp/Desc3Garbage and trash removal
IRS990/OtherExpensesGrp/ProgramServicesAmt085142
IRS990/OtherExpensesGrp/ProgramServicesAmt176143
IRS990/OtherExpensesGrp/ProgramServicesAmt241688
IRS990/OtherExpensesGrp/ProgramServicesAmt333653
IRS990/OtherExpensesGrp/TotalAmt085142
IRS990/OtherExpensesGrp/TotalAmt176143
IRS990/OtherExpensesGrp/TotalAmt241688
IRS990/OtherExpensesGrp/TotalAmt333653
IRS990/OtherLiabilitiesGrp/BOYAmt0200658
IRS990/OtherLiabilitiesGrp/EOYAmt0203549
IRS990/OtherRevenueMiscGrp/Desc0Cable Income
IRS990/OtherRevenueMiscGrp/Desc1Laundry and Vending
IRS990/OtherRevenueMiscGrp/Desc2Miscellaneous Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt055026
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt116802
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt236084
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt055026
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt116802
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt236084
IRS990/OtherRevenueTotalAmt0107912
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0590085
IRS990/OtherSalariesAndWagesGrp/TotalAmt0590085
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt048829
IRS990/PayrollTaxesGrp/TotalAmt048829
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0160194
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0163919
IRS990/PrincipalOfficerNm0Derek Kilborn
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Rent Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02365286
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02365286
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06420
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01946685
IRS990/PYOtherRevenueAmt0143208
IRS990/PYProgramServiceRevenueAmt02404612
IRS990/PYRevenuesLessExpensesAmt0-17182
IRS990/PYSalariesCompEmpBnftPaidAmt0624737
IRS990/PYTotalExpensesAmt02571422
IRS990/PYTotalRevenueAmt02554240
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-105792
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt049598
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02528330
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt095441
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0101922
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt055132
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06420
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt055503
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt055991
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt072931
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0245977
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02365286
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02404612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02386127
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02272648
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02288947
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011717620
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt055132
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06420
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt055503
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt055991
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt072931
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0245977
IRS990ScheduleA/InvestmentIncomeCYPct00.01980
IRS990ScheduleA/InvestmentIncomePYPct00.02000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0107912
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0143208
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt093289
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt070892
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt016734
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0432035
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94530
IRS990ScheduleA/PublicSupportPY509Pct00.95470
IRS990ScheduleA/PublicSupportTotal509Amt011717620
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02365286
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02404612
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02386127
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02272648
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02288947
IRS990ScheduleA/Total509Grp/TotalAmt011717620
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02528330
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02554240
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02534919
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02399531
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02378612
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012395632
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt011390481
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011390481
IRS990ScheduleD/EquipmentGrp/BookValueAmt0243750
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0243750
IRS990ScheduleD/ExpensesSubtotalAmt02634122
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0436549
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0436549
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0404886
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1920810
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2202899
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Loan Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Restricted Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Tenant Deposits held in Trust
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-7028920
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07028920
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0203549
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt02528330
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code, and has been determined not to be a private foundation (within the meaning of Section 509(a)(1) of the Internal Revenue Code). As such, no provision for income tax expense has been made in the accompanying financial statements.The Organization has adopted the provisions of the FASB ASC 740, Income Taxes (formerly Interpretation 48 [FIN 48], Accounting for Uncertain Tax Positions). ASC 740 clarifies the accounting for income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. ASC 740 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Project determined that during the year ended December 31, 2014, ASC 740 did not have a material impact on its financial position, activities or cash flows.The Organizations Forms 990, Return of Organization Exempt from Income Tax, and Forms 990-T, Exempt Organization Business Income Tax Return, are subject to examination by the IRS, generally for three years after they were filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05041860
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01528595
IRS990ScheduleD/TotalExpensesPerForm990Amt02634122
IRS990ScheduleD/TotalLiabilityAmt0203549
IRS990ScheduleD/TotalRevenuePerForm990Amt02528330
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02528330
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02634122
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$6,912,730
Liabilities
$5,425,231
Net assets
$1,487,499
Revenue
$2,528,330
Expenses
$2,634,122
Net income
-$105,792
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$0.00$2.85$0.07$0.00$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.78$0.00$2.78$0.07$0.02$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.73$0.00$2.73$0.07$1.50$1.44
2021Detailed filing. Detailed filing data is available for this year.$4.33$0.16$4.17$1.42$1.12$0.30
2020Detailed filing. Detailed filing data is available for this year.$4.14$0.28$3.86$1.40$11.1$9.75
2019Detailed filing. Detailed filing data is available for this year.$14.5$0.73$13.7$14.0$2.18$11.9
2018Detailed filing. Detailed filing data is available for this year.$6.52$4.65$1.87$2.66$2.61$0.06
2017Detailed filing. Detailed filing data is available for this year.$6.55$4.73$1.82$2.70$2.51$0.19
2016Detailed filing. Detailed filing data is available for this year.$6.43$4.81$1.63$2.68$2.56$0.12
2015Detailed filing. Detailed filing data is available for this year.$6.80$5.29$1.51$2.59$2.57$0.02
2014Detailed filing. Detailed filing data is available for this year.$6.91$5.43$1.49$2.53$2.63$0.11
2013Detailed filing. Detailed filing data is available for this year.$7.01$5.41$1.59$2.55$2.57$0.02
2012Summary only. Only limited summary data is available for this year.$7.16$5.55$1.61$2.53$2.68$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.34$5.58$1.76$2.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.53$5.67$1.85$2.49