Civic Intelligence

Florence United Methodist Church

990 • Fiscal year 2024 • EIN 61-1249570

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 15, 2025

Organization ProfileN/A
8585 Old Toll RoadFlorence, KY 41042

(513) 241-1911

Siviq Scores

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

Liabilities / Assets

99th percentile

9.28x

Higher debt load relative to assets than 99% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

5.97x

Higher debt load relative to revenue than 99% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

6.1%

Higher net margin than 56% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

67th percentile

13%

Faster asset growth than 67% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

77th percentile

33%

Faster revenue growth than 77% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$261,241

Up $30,270 (+13%) from 2023

Net Assets

Up

-$2,163,791

Up $24,938 (+1.1%) from 2023

Liabilities

Up

$2,425,032

Up $5,332 (+0.2%) from 2023

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin56th percentile

Revenue

Up

$406,063

Up $100,072 (+33%) from 2023

Expenses

Up

$381,125

Up $43,516 (+13%) from 2023

Net Income

Up

$24,938

Up $56,556 (+179%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $1,044,497Liabilities 2011: $2,298,859Net Assets 2011: -$1,254,3622011Assets 2012: $976,374Liabilities 2012: $2,293,779Net Assets 2012: -$1,317,4052012Assets 2013: $915,508Liabilities 2013: $2,307,794Net Assets 2013: -$1,392,2862013Assets 2014: $833,539Liabilities 2014: $2,317,559Net Assets 2014: -$1,484,0202014Assets 2015: $757,827Liabilities 2015: $2,317,155Net Assets 2015: -$1,559,3282015Assets 2016: $663,360Liabilities 2016: $2,291,150Net Assets 2016: -$1,627,7902016Assets 2017: $643,405Liabilities 2017: $2,344,817Net Assets 2017: -$1,701,4122017Assets 2018: $548,176Liabilities 2018: $2,314,400Net Assets 2018: -$1,766,2242018Assets 2019: $459,440Liabilities 2019: $2,293,466Net Assets 2019: -$1,834,0262019Assets 2020: $382,899Liabilities 2020: $2,316,813Net Assets 2020: -$1,933,9142020Assets 2021: $308,450Liabilities 2021: $2,344,803Net Assets 2021: -$2,036,3532021Assets 2022: $261,192Liabilities 2022: $2,418,303Net Assets 2022: -$2,157,1112022Assets 2023: $230,971Liabilities 2023: $2,419,700Net Assets 2023: -$2,188,7292023Assets 2024: $261,241Liabilities 2024: $2,425,032Net Assets 2024: -$2,163,7912024

Highlighted filing

2024

Assets$261,241
Liabilities$2,425,032
Net Assets-$2,163,791
Open 2024 Filing

Operations Trend

Revenue Growth77th percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $265,2092011Expenses 2012: $249,9472012Expenses 2013: $251,3522013Revenue 2014: $189,848Expenses 2014: $281,582Net Income 2014: -$91,7342014Revenue 2015: $189,787Expenses 2015: $265,095Net Income 2015: -$75,3082015Revenue 2016: $208,546Expenses 2016: $277,008Net Income 2016: -$68,4622016Revenue 2017: $195,436Expenses 2017: $269,058Net Income 2017: -$73,6222017Revenue 2018: $196,423Expenses 2018: $261,235Net Income 2018: -$64,8122018Revenue 2019: $195,507Expenses 2019: $263,309Net Income 2019: -$67,8022019Revenue 2020: $198,346Expenses 2020: $298,234Net Income 2020: -$99,8882020Revenue 2021: $195,685Expenses 2021: $298,124Net Income 2021: -$102,4392021Revenue 2022: $225,269Expenses 2022: $346,027Net Income 2022: -$120,7582022Revenue 2023: $305,991Expenses 2023: $337,609Net Income 2023: -$31,6182023Revenue 2024: $406,063Expenses 2024: $381,125Net Income 2024: $24,9382024

Highlighted filing

2024

Revenue$406,063
Expenses$381,125
Net Income$24,938
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$406,063
Mission and Program Overview

Mission

Organized to own, operate, and maintain affordable housing for the elderly and/or handicapped.

To provide housing for the elderly and/or handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$108,090$106,665▼ $1,425
Prepaid Expenses and Deferred Charges$16,391$22,090▲ $5,699
Accounts Receivable$12,270$3,752▼ $8,518
Cash and Non-Interest-Bearing Accounts$9,475$1,446▼ $8,029
Total Assets$230,971$261,241▲ $30,270
Other Assets Total$84,745$127,288▲ $42,543
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,271,004$2,271,563▲ $559
Accounts Payable and Accrued Expenses$132,023$137,170▲ $5,147
Other Liabilities$14,861$14,819▼ $42
Deferred Revenue$1,812$1,480▼ $332
Total Liabilities$2,419,700$2,425,032▲ $5,332
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,188,729$-2,163,791▲ $24,938
Total Net Assets Fund Balance$-2,188,729$-2,163,791▲ $24,938
Total Liabilities and Net Assets / Fund Balance$230,971$261,241▲ $30,270

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,665$1,875,270$1,891,935
Equipment$0$234,958$234,958
Land$90,000-$90,000
Other Assets Org$407--
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Michael AlbrechtPresident
Gary WinnDirector
Janet BowlingDirector
Joy Tucker Through 6302023Director
Dianne ColemanSecretary
J Carlyle AckleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$220,006
Program Service Revenue
$180,871
Investment Income
$3,103
Other Revenue
$2,083
Change in Net Assets
$24,938

Audited Revenue Reconciliation

Revenue per Audited Statements
$406,063
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$406,063
Total Revenue per Form 990
$406,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$381,125
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$67,485--$67,485
Office Expenses$29,003--$29,003
Insurance$26,552--$26,552
Fees for Services Management-$23,939-$23,939
Other Expenses$9,359--$9,359
Depreciation Depletion$1,984--$1,984
Advertising$1,981--$1,981
Conferences and Meetings$1,777--$1,777
Fees for Services Legal$915--$915
Total Functional Expenses$357,186$23,939$0$381,125

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$381,125
Total Expenses per Audited Statements$381,125
Total Expenses per Form 990$381,125
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Deposits Held in Trust (contra)$14,819
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
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, Section A, Line 3

“The organization contracted with wallick properties midwest, llc to manage the operations of the affordable housing project. None of the board members are compensated by the management company.”

Form 990, Part VI, Section A, Line 8B

“THERE ARE NO COMMITTEES”

Form 990, Part VI, Section B, Line 11B

“The board reviews the return to ensure it was prepared by professionals such as a cpa or an attorney.”

Form 990, Part VI, Section C, Line 19

“If documents are requested for public inspection the documents will be made available.”

Filing and Contact Details

Filer

Filer Name
Aldersgate Properties Inc
EIN
61-1249570
Phone
5132411911
Address
8585 OLD TOLL ROAD, FLORENCE, KY 41042

Signing Officer

Name
J Carlyle Ackley
Title
Treasurer
Phone
5132411911
Signed
2025-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Carlyle Ackley
Formed
1993
Legal Domicile
Ky
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Eag Affordable Housing LLC
Address
4249 EASTON WAY STE 210, COLUMBUS, OH 43219
Preparer
Todd Fentress
Phone
6145281440
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation applied for and received a determination letter from the internal revenue service (irs) to be treated as a tax exempt entity pursuant to section 501(c)(3) of the internal revenue code. Due to its tax-exempt status, the corporation is not subject to income taxes. The corporation is required to and does file tax returns with the irs and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Generally, income tax returns filed by the corporation are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2020 remain open.”

Raw XML AppendixShowing 400 of 429 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0132023
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0137170
IRS990/AccountsReceivableGrp/BOYAmt012270
IRS990/AccountsReceivableGrp/EOYAmt03752
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HOUSING FOR THE ELDERLY AND/OR HANDICAPPED.
IRS990/AdvertisingGrp/ProgramServicesAmt01981
IRS990/AdvertisingGrp/TotalAmt01981
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0JUSTIN MARTIN
IRS990/BooksInCareOfDetail/PhoneNum06148634640
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 535
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW ALBANY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd043054
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt09475
IRS990/CashNonInterestBearingGrp/EOYAmt01446
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01777
IRS990/ConferencesMeetingsGrp/TotalAmt01777
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0220006
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03103
IRS990/CYOtherExpensesAmt0381125
IRS990/CYOtherRevenueAmt02083
IRS990/CYProgramServiceRevenueAmt0180871
IRS990/CYRevenuesLessExpensesAmt024938
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0381125
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0406063
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01812
IRS990/DeferredRevenueGrp/EOYAmt01480
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01984
IRS990/DepreciationDepletionGrp/TotalAmt01984
IRS990/Desc0THE ORGANIZATION OWNS, OPERATES AND MAINTAINS A 40-UNIT HOUSING FACILITY LOCATED IN FLORENCE, KENTUCKY FOR THE ELDERLY AND/OR HANDICAPPED. RESIDENTS ARE QUALIFIED UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0357186
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0915
IRS990/FeesForServicesLegalGrp/TotalAmt0915
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt023939
IRS990/FeesForServicesManagementGrp/TotalAmt023939
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL ALBRECHT
IRS990/Form990PartVIISectionAGrp/PersonNm1J CARLYLE ACKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2DIANNE COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3JOY TUCKER THROUGH 6302023
IRS990/Form990PartVIISectionAGrp/PersonNm4JANET BOWLING
IRS990/Form990PartVIISectionAGrp/PersonNm5GARY WINN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0220006
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0406063
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt026552
IRS990/InsuranceGrp/TotalAmt026552
IRS990/InvestmentIncomeGrp/ExclusionAmt03103
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03103
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02110228
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0108090
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0106665
IRS990/LandBldgEquipCostOrOtherBssAmt02216893
IRS990/LegalDomicileStateCd0KY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ORGANIZED TO OWN, OPERATE, AND MAINTAIN A HOUSING FACILITY FOR THE ELDERLY AND/OR HANDICAPPED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02271004
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02271563
IRS990/NetAssetsOrFundBalancesBOYAmt0-2188729
IRS990/NetAssetsOrFundBalancesEOYAmt0-2163791
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-2188729
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2163791
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt067485
IRS990/OccupancyGrp/TotalAmt067485
IRS990/OfficeExpensesGrp/ProgramServicesAmt029003
IRS990/OfficeExpensesGrp/TotalAmt029003
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt084745
IRS990/OtherAssetsTotalGrp/EOYAmt0127288
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSES
IRS990/OtherExpensesGrp/Desc3MISC. ADMINSTRATIVE EXP
IRS990/OtherExpensesGrp/ProgramServicesAmt0142716
IRS990/OtherExpensesGrp/ProgramServicesAmt164447
IRS990/OtherExpensesGrp/ProgramServicesAmt210967
IRS990/OtherExpensesGrp/ProgramServicesAmt39359
IRS990/OtherExpensesGrp/TotalAmt0142716
IRS990/OtherExpensesGrp/TotalAmt164447
IRS990/OtherExpensesGrp/TotalAmt210967
IRS990/OtherExpensesGrp/TotalAmt39359
IRS990/OtherLiabilitiesGrp/BOYAmt014861
IRS990/OtherLiabilitiesGrp/EOYAmt014819
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01774
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1225
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt284
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01774
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1225
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt284
IRS990/OtherRevenueTotalAmt02083
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016391
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022090
IRS990/PrincipalOfficerNm0J CARLYLE ACKLEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0180871
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0180871
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0143484
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0455
IRS990/PYOtherExpensesAmt0337609
IRS990/PYOtherRevenueAmt01770
IRS990/PYProgramServiceRevenueAmt0160282
IRS990/PYRevenuesLessExpensesAmt0-31618
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0337609
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0305991
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt024938
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0182954
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0220006
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0143484
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt056966
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt015512
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt021451
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0457419
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03103
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0455
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt047
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03627
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0182954
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0162052
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0168296
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0180158
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0176848
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0870308
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03103
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0455
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03627
IRS990ScheduleA/InvestmentIncomeCYPct00.00270
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99730
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt01327727
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0402960
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0305536
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0225262
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0195670
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0198299
IRS990ScheduleA/Total509Grp/TotalAmt01327727
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0406063
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0305991
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0225269
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0195685
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0198346
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01331354
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt016665
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01875270
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01891935
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0234958
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0234958
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0381125
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt090000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt090000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016336
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt113716
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt296829
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3407
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014819
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST (CONTRA)
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0406063
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) TO BE TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. GENERALLY, INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2020 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0106665
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0127288
IRS990ScheduleD/TotalExpensesPerForm990Amt0381125
IRS990ScheduleD/TotalLiabilityAmt014819
IRS990ScheduleD/TotalRevenuePerForm990Amt0406063
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0406063
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0381125
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONTRACTED WITH WALLICK PROPERTIES MIDWEST, LLC TO MANAGE THE OPERATIONS OF THE AFFORDABLE HOUSING PROJECT. NONE OF THE BOARD MEMBERS ARE COMPENSATED BY THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE RETURN TO ENSURE IT WAS PREPARED BY PROFESSIONALS SUCH AS A CPA OR AN ATTORNEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IF DOCUMENTS ARE REQUESTED FOR PUBLIC INSPECTION THE DOCUMENTS WILL BE MADE AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0230971
IRS990/TotalAssetsEOYAmt0261241
IRS990/TotalAssetsGrp/BOYAmt0230971
IRS990/TotalAssetsGrp/EOYAmt0261241
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0220006
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023939
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0357186
IRS990/TotalFunctionalExpensesGrp/TotalAmt0381125
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02419700
IRS990/TotalLiabilitiesEOYAmt02425032
IRS990/TotalLiabilitiesGrp/BOYAmt02419700
IRS990/TotalLiabilitiesGrp/EOYAmt02425032
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2188729
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2163791
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0357186
IRS990/TotalProgramServiceRevenueAmt0180871
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03103
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0182954
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0406063
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0230971
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0261241
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08585 OLD TOLL ROAD
IRS990/USAddress/CityNm0FLORENCE
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd041042
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$261,241
Liabilities
$2,425,032
Net assets
-$2,163,791
Revenue
$406,063
Expenses
$381,125
Net income
$24,938
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.26$2.43$2.16$0.41$0.38$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$2.42$2.19$0.31$0.34$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$2.42$2.16$0.23$0.35$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.31$2.34$2.04$0.20$0.30$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$2.32$1.93$0.20$0.30$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$2.29$1.83$0.20$0.26$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$2.31$1.77$0.20$0.26$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$2.34$1.70$0.20$0.27$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.66$2.29$1.63$0.21$0.28$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$2.32$1.56$0.19$0.27$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.83$2.32$1.48$0.19$0.28$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$2.31$1.39$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$2.29$1.32$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$2.30$1.25$0.27