Civic Intelligence

Lutheran Residences Inc.

990 • Fiscal year 2017 • EIN 59-6178232

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 29, 2018

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

84th percentile

0.72x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

1.75x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

62nd percentile

7.1%

Higher net margin than 62% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

42nd percentile

1.8%

Faster asset growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

0.9%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$6,545,435

Up $114,075 (+1.8%) from 2016

Net Assets

Up

$1,818,227

Up $192,899 (+12%) from 2016

Liabilities

Down

$4,727,208

Down $78,824 (-1.6%) from 2016

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin62nd percentile

Revenue

Up

$2,699,743

Up $24,335 (+0.9%) from 2016

Expenses

Down

$2,506,844

Down $52,175 (-2.0%) from 2016

Net Income

Up

$192,899

Up $76,510 (+66%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth42nd 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

2017

Assets$6,545,435
Liabilities$4,727,208
Net Assets$1,818,227
Open 2017 Filing

Operations Trend

Revenue Growth38th 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

2017

Revenue$2,699,743
Expenses$2,506,844
Net Income$192,899
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 29, 2018
Return Version
2017v2.2
Gross Receipts
$2,699,743
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$4,760,807$4,483,760▼ $277,047
Cash and Non-Interest-Bearing Accounts$134,226$269,140▲ $134,914
Prepaid Expenses and Deferred Charges$132,629$110,780▼ $21,849
Savings and Temporary Cash Investments$108,359$110,332▲ $1,973
Accounts Receivable$1,505$29,923▲ $28,418
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$6,431,360$6,545,435▲ $114,075
Other Assets Total$1,293,834$1,541,500▲ $247,666
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,486,958$4,397,139▼ $89,819
Other Liabilities$213,710$218,340▲ $4,630
Accounts Payable and Accrued Expenses$102,053$100,890▼ $1,163
Deferred Revenue$3,311$10,839▲ $7,528
Total Liabilities$4,806,032$4,727,208▼ $78,824
Net Assets / Fund Balance
Unrestricted Net Assets$1,625,328$1,818,227▲ $192,899
Total Net Assets Fund Balance$1,625,328$1,818,227▲ $192,899
Total Liabilities and Net Assets / Fund Balance$6,431,360$6,545,435▲ $114,075

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,867,170-$11,867,170
Land$437,235-$437,235
Equipment$283,848-$283,848
Other Land Buildings$-8,104,493$8,104,493-
Other Assets Org$218,684--
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Theresa ZieglerPresident
Paul GibsonVice President
Dennis MillerDirector
Gary RuhlDirector
George RahdertDirector
Judith BunkerDirector
Wallace HopkinsDirector
Judy KeyserSecretary
Bob DePughTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Elevation Property ManagementManagement/bookkeep507 N New York Ave Ste 300, Winter Park, FL 32789$201,780
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,520,403
Investment Income
$3,114
Other Revenue
$176,226
Change in Net Assets
$192,899

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,699,743
Total Revenue per Audited Statements
$2,699,743
Total Revenue per Form 990
$2,699,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,860,286
Salaries, Compensation, and Employee Benefits$646,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$549,534--$549,534
Occupancy$508,908--$508,908
Depreciation Depletion$368,112--$368,112
Fees for Services Management-$186,835-$186,835
Insurance$183,911--$183,911
Interest$134,067--$134,067
Office Expenses$109,212--$109,212
All Other Expenses$56,103--$56,103
Other Employee Benefits$50,065--$50,065
Payroll Taxes$46,959--$46,959
Fees for Services Accounting-$41,973-$41,973
Other Expenses$35,194--$35,194
Advertising$24,702--$24,702
Travel$4,728--$4,728
Total Functional Expenses$2,278,036$228,808$0$2,506,844

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,506,844
Total Expenses per Audited Statements$2,506,844
Total Expenses per Form 990$2,506,844
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$218,340
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
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 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 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
President
Signed
2018-03-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Theresa Ziegler
Formed
1967
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
25

Preparer

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

Additional Explanations

Client Note 1

“Client Note 1 - Form 990, Part V, Line 2aForm 990, Part VI, Section B, Line 15Form 900, Part IX, Line 7 & 10 - Statement of Functional ExpensesCompensation:The organization has no employees. All compensation costs are allocated from the employees of the management company.”

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, 2017 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, 2017, 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/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0183911
IRS990/InsuranceGrp/TotalAmt0183911
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt0134067
IRS990/InterestGrp/TotalAmt0134067
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt03114
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03114
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08104493
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04760807
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04483760
IRS990/LandBldgEquipCostOrOtherBssAmt012588253
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/BOYAmt04486958
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04397139
IRS990/NetAssetsOrFundBalancesBOYAmt01625328
IRS990/NetAssetsOrFundBalancesEOYAmt01818227
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt053946
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt053946
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0508908
IRS990/OccupancyGrp/TotalAmt0508908
IRS990/OfficeExpensesGrp/ProgramServicesAmt0109212
IRS990/OfficeExpensesGrp/TotalAmt0109212
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01293834
IRS990/OtherAssetsTotalGrp/EOYAmt01541500
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt050065
IRS990/OtherEmployeeBenefitsGrp/TotalAmt050065
IRS990/OtherExpensesGrp/Desc0Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Heating/Cooling Repair & Maint
IRS990/OtherExpensesGrp/Desc3Garbage and trash removal
IRS990/OtherExpensesGrp/ProgramServicesAmt081417
IRS990/OtherExpensesGrp/ProgramServicesAmt180196
IRS990/OtherExpensesGrp/ProgramServicesAmt244928
IRS990/OtherExpensesGrp/ProgramServicesAmt335194
IRS990/OtherExpensesGrp/TotalAmt081417
IRS990/OtherExpensesGrp/TotalAmt180196
IRS990/OtherExpensesGrp/TotalAmt244928
IRS990/OtherExpensesGrp/TotalAmt335194
IRS990/OtherLiabilitiesGrp/BOYAmt0213710
IRS990/OtherLiabilitiesGrp/EOYAmt0218340
IRS990/OtherRevenueMiscGrp/Desc0Cable Income
IRS990/OtherRevenueMiscGrp/Desc1Laundry and Vending
IRS990/OtherRevenueMiscGrp/Desc2Miscellaneous Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt062218
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt119226
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt240836
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt062218
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt119226
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt240836
IRS990/OtherRevenueTotalAmt0122280
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0549534
IRS990/OtherSalariesAndWagesGrp/TotalAmt0549534
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt046959
IRS990/PayrollTaxesGrp/TotalAmt046959
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0132629
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0110780
IRS990/PrincipalOfficerNm0Theresa Ziegler
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Rent Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02520403
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02520403
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03370
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01923112
IRS990/PYOtherRevenueAmt0153249
IRS990/PYProgramServiceRevenueAmt02518789
IRS990/PYRevenuesLessExpensesAmt0116389
IRS990/PYSalariesCompEmpBnftPaidAmt0635907
IRS990/PYTotalExpensesAmt02559019
IRS990/PYTotalRevenueAmt02675408
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0192899
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt053946
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02699743
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0108359
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0110332
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt057060
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt053119
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt059054
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt055132
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06420
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0230785
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02520403
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02518789
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02430893
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02365286
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02404612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012239983
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt057060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt053119
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt059054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt055132
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06420
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0230785
IRS990ScheduleA/InvestmentIncomeCYPct00.01770
IRS990ScheduleA/InvestmentIncomePYPct00.01780
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0122280
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0103500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0101565
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0107912
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0143208
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0578465
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93800
IRS990ScheduleA/PublicSupportPY509Pct00.93960
IRS990ScheduleA/PublicSupportTotal509Amt012239983
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02520403
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02518789
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02430893
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02365286
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02404612
IRS990ScheduleA/Total509Grp/TotalAmt012239983
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02699743
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02675408
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02591512
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02528330
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02554240
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt013049233
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt011867170
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011867170
IRS990ScheduleD/EquipmentGrp/BookValueAmt0283848
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0283848
IRS990ScheduleD/ExpensesSubtotalAmt02506844
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0437235
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0437235
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01322816
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1218684
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Restricted Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Tenant Deposits held in Trust
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-8104493
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08104493
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0218340
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt02699743
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, 2017, 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/TotalBookValueLandBuildingsAmt04483760
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01541500
IRS990ScheduleD/TotalExpensesPerForm990Amt02506844

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,545,435
Liabilities
$4,727,208
Net assets
$1,818,227
Revenue
$2,699,743
Expenses
$2,506,844
Net income
$192,899
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