Civic Intelligence

Lutheran Residences Inc.

990 • Fiscal year 2015 • EIN 59-6178232

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 30, 2016

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

85th percentile

0.78x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

88th percentile

2.04x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

42nd percentile

0.8%

Higher net margin than 42% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

38th percentile

-1.6%

Faster asset growth than 38% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

47th percentile

2.5%

Faster revenue growth than 47% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$6,800,942

Down $111,788 (-1.6%) from 2014

Net Assets

Up

$1,508,939

Up $21,440 (+1.4%) from 2014

Liabilities

Down

$5,292,003

Down $133,228 (-2.5%) from 2014

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin42nd percentile

Revenue

Up

$2,591,512

Up $63,182 (+2.5%) from 2014

Expenses

Down

$2,570,072

Down $64,050 (-2.4%) from 2014

Net Income

Up

$21,440

Up $127,232 (+120%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2015

Assets$6,800,942
Liabilities$5,292,003
Net Assets$1,508,939
Open 2015 Filing

Operations Trend

Revenue Growth47th 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

2015

Revenue$2,591,512
Expenses$2,570,072
Net Income$21,440
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 30, 2016
Return Version
2015v2.0
Gross Receipts
$2,591,512
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$5,041,860$4,972,822▼ $69,038
Prepaid Expenses and Deferred Charges$163,919$168,091▲ $4,172
Savings and Temporary Cash Investments$101,922$105,520▲ $3,598
Cash and Non-Interest-Bearing Accounts$52,459$29,723▼ $22,736
Accounts Receivable$23,975$645▼ $23,330
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$6,912,730$6,800,942▼ $111,788
Other Assets Total$1,528,595$1,524,141▼ $4,454
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,071,881$4,966,317▼ $105,564
Other Liabilities$203,549$209,290▲ $5,741
Accounts Payable and Accrued Expenses$146,266$112,608▼ $33,658
Deferred Revenue$3,535$3,788▲ $253
Total Liabilities$5,425,231$5,292,003▼ $133,228
Net Assets / Fund Balance
Unrestricted Net Assets$1,487,499$1,508,939▲ $21,440
Total Net Assets Fund Balance$1,487,499$1,508,939▲ $21,440
Total Liabilities and Net Assets / Fund Balance$6,912,730$6,800,942▼ $111,788

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,650,968-$11,650,968
Land$436,549-$436,549
Equipment$256,917-$256,917
Other Land Buildings$-7,371,612$7,371,612-
Other Assets Org$209,290--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Derek KilbornPresident
Todd YostVice President
Bob SchifferDirector
Dennis MillerDirector
Judith BunkerDirector
Judy KeyserDirector
Paul GibsonDirector
Theresa ZieglerSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Elevation Property ManagementManagement/bookkeep507 N New York Ave Ste 300, Winter Park, FL 32789$184,763
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,430,893
Investment Income
$4,587
Other Revenue
$156,032
Change in Net Assets
$21,440

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,591,512
Total Revenue per Audited Statements
$2,591,512
Total Revenue per Form 990
$2,591,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,949,396
Salaries, Compensation, and Employee Benefits$620,676
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$549,828--$549,828
Other Salaries and Wages$537,111--$537,111
Depreciation Depletion$354,485--$354,485
Insurance$247,787--$247,787
Fees for Services Management-$180,386-$180,386
Interest$129,267--$129,267
Office Expenses$101,219--$101,219
All Other Expenses$63,925--$63,925
Fees for Services Accounting-$47,667-$47,667
Payroll Taxes$44,172--$44,172
Other Employee Benefits$39,393--$39,393
Other Expenses$38,734--$38,734
Advertising$23,563--$23,563
Travel$8,076--$8,076
Fees for Services Legal-$88-$88
Total Functional Expenses$2,341,931$228,141$0$2,570,072

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,570,072
Total Expenses per Audited Statements$2,570,072
Total Expenses per Form 990$2,570,072
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$209,290
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

“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
Theresa Ziegler
Title
Acting President
Signed
2016-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Theresa Ziegler
Formed
1967
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
40
Volunteers
20

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, 2015 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, 2015, 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/InterestGrp/TotalAmt0129267
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt04587
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04587
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07371612
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05041860
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04972822
IRS990/LandBldgEquipCostOrOtherBssAmt012344434
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/BOYAmt05071881
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04966317
IRS990/NetAssetsOrFundBalancesBOYAmt01487499
IRS990/NetAssetsOrFundBalancesEOYAmt01508939
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt054467
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt054467
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0549828
IRS990/OccupancyGrp/TotalAmt0549828
IRS990/OfficeExpensesGrp/ProgramServicesAmt0101219
IRS990/OfficeExpensesGrp/TotalAmt0101219
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01528595
IRS990/OtherAssetsTotalGrp/EOYAmt01524141
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt039393
IRS990/OtherEmployeeBenefitsGrp/TotalAmt039393
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc2Heating/Cooling Repair & Maint
IRS990/OtherExpensesGrp/Desc3Security
IRS990/OtherExpensesGrp/ProgramServicesAmt094933
IRS990/OtherExpensesGrp/ProgramServicesAmt168846
IRS990/OtherExpensesGrp/ProgramServicesAmt240592
IRS990/OtherExpensesGrp/ProgramServicesAmt338734
IRS990/OtherExpensesGrp/TotalAmt094933
IRS990/OtherExpensesGrp/TotalAmt168846
IRS990/OtherExpensesGrp/TotalAmt240592
IRS990/OtherExpensesGrp/TotalAmt338734
IRS990/OtherLiabilitiesGrp/BOYAmt0203549
IRS990/OtherLiabilitiesGrp/EOYAmt0209290
IRS990/OtherRevenueMiscGrp/Desc0Cable Income
IRS990/OtherRevenueMiscGrp/Desc1Laundry and Vending
IRS990/OtherRevenueMiscGrp/Desc2Miscellaneous Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt062794
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt116780
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt221991
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt062794
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt116780
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt221991
IRS990/OtherRevenueTotalAmt0101565
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0537111
IRS990/OtherSalariesAndWagesGrp/TotalAmt0537111
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt044172
IRS990/PayrollTaxesGrp/TotalAmt044172
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0163919
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0168091
IRS990/PrincipalOfficerNm0Theresa Ziegler
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Rent Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02430893
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02430893
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05534
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01948202
IRS990/PYOtherRevenueAmt0157510
IRS990/PYProgramServiceRevenueAmt02365286
IRS990/PYRevenuesLessExpensesAmt0-105792
IRS990/PYSalariesCompEmpBnftPaidAmt0685920
IRS990/PYTotalExpensesAmt02634122
IRS990/PYTotalRevenueAmt02528330
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt021440
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt054467
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02591512
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0101922
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0105520
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt059054
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt055132
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06420
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt055503
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt055991
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0232100
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02430893
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02365286
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02404612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02386127
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02272648
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011859566
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt059054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt055132
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06420
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt055503
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt055991
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0232100
IRS990ScheduleA/InvestmentIncomeCYPct00.01840
IRS990ScheduleA/InvestmentIncomePYPct00.01980
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0101565
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0107912
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0143208
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt093289
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt070892
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0516866
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94060
IRS990ScheduleA/PublicSupportPY509Pct00.94530
IRS990ScheduleA/PublicSupportTotal509Amt011859566
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02430893
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02365286
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02404612
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02386127
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02272648
IRS990ScheduleA/Total509Grp/TotalAmt011859566
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02591512
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02528330
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02554240
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02534919
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02399531
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012608532
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt011650968
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011650968
IRS990ScheduleD/EquipmentGrp/BookValueAmt0256917
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0256917
IRS990ScheduleD/ExpensesSubtotalAmt02570072
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0436549
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0436549
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0393093
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1921758
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2209290
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Loan Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Restricted Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Tenant Deposits held in Trust
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-7371612
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07371612
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0209290
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt02591512
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, 2015, 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/TotalBookValueLandBuildingsAmt04972822
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01524141

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,800,942
Liabilities
$5,292,003
Net assets
$1,508,939
Revenue
$2,591,512
Expenses
$2,570,072
Net income
$21,440
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