Civic Intelligence

Sacred Heart Village III Inc

EIN 61-1367719 • 501(c)3 • Denver, CO

Profile

To own and operate a 50-unit apartment project in louisville, kentucky, providing housing for low-income persons

1600 Broadway Suite 2000Denver, CO 80202-5704

www.mercyhousing.org

Siviq Scores

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

Liabilities / Assets

45th percentile

0.04x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.15x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

17th percentile

-16%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

95th percentile

$308,489

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 60.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

25th percentile

-4.6%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

-0.1%

Faster revenue growth than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,831,066

Down $88,157 (-4.6%) from 2023

Liabilities

Down

$77,831

Down $9,210 (-11%) from 2023

Net Assets

Down

$1,753,235

Down $78,947 (-4.3%) from 2023

Revenue

Down

$507,087

Down $410 (-0.1%) from 2023

Expenses

Up

$586,034

Up $2,607 (+0.4%) from 2023

Net Income

Down

-$78,947

Down $3,017 (-4.0%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,664,667Liabilities 2010: $133,770Net Assets 2010: $2,530,8972010Assets 2011: $2,595,640Liabilities 2011: $123,681Net Assets 2011: $2,471,9592011Assets 2012: $2,546,842Liabilities 2012: $155,043Net Assets 2012: $2,391,7992012Assets 2013: $2,439,777Liabilities 2013: $38,303Net Assets 2013: $2,401,4742013Assets 2014: $2,383,875Liabilities 2014: $100,659Net Assets 2014: $2,283,2162014Assets 2015: $2,358,708Liabilities 2015: $50,395Net Assets 2015: $2,308,3132015Assets 2016: $2,291,712Liabilities 2016: $53,840Net Assets 2016: $2,237,8722016Assets 2017: $2,239,507Liabilities 2017: $112,777Net Assets 2017: $2,126,7302017Assets 2018: $2,155,625Liabilities 2018: $116,733Net Assets 2018: $2,038,8922018Assets 2019: $2,091,249Liabilities 2019: $84,848Net Assets 2019: $2,006,4012019Assets 2020: $2,047,904Liabilities 2020: $57,686Net Assets 2020: $1,990,2182020Assets 2021: $2,044,706Liabilities 2021: $68,333Net Assets 2021: $1,976,3732021Assets 2022: $1,970,884Liabilities 2022: $62,772Net Assets 2022: $1,908,1122022Assets 2023: $1,919,223Liabilities 2023: $87,041Net Assets 2023: $1,832,1822023Assets 2024: $1,831,066Liabilities 2024: $77,831Net Assets 2024: $1,753,2352024

Highlighted filing

2024

Assets$1,831,066
Liabilities$77,831
Net Assets$1,753,235

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $308,9922010Expenses 2011: $295,5962011Expenses 2012: $324,0232012Revenue 2013: $347,258Expenses 2013: $337,583Net Income 2013: $9,6752013Revenue 2014: $268,712Expenses 2014: $386,970Net Income 2014: -$118,2582014Revenue 2015: $408,794Expenses 2015: $383,697Net Income 2015: $25,0972015Revenue 2016: $335,628Expenses 2016: $406,069Net Income 2016: -$70,4412016Revenue 2017: $352,473Expenses 2017: $463,615Net Income 2017: -$111,1422017Revenue 2018: $381,625Expenses 2018: $469,463Net Income 2018: -$87,8382018Revenue 2019: $434,825Expenses 2019: $467,316Net Income 2019: -$32,4912019Revenue 2020: $478,161Expenses 2020: $494,344Net Income 2020: -$16,1832020Revenue 2021: $508,427Expenses 2021: $522,272Net Income 2021: -$13,8452021Revenue 2022: $497,400Expenses 2022: $565,661Net Income 2022: -$68,2612022Revenue 2023: $507,497Expenses 2023: $583,427Net Income 2023: -$75,9302023Revenue 2024: $507,087Expenses 2024: $586,034Net Income 2024: -$78,9472024

Highlighted filing

2024

Revenue$507,087
Expenses$586,034
Net Income-$78,947

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.08$1.75$0.51$0.59$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.92$0.09$1.83$0.51$0.58$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.97$0.06$1.91$0.50$0.57$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.04$0.07$1.98$0.51$0.52$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.05$0.06$1.99$0.48$0.49$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.09$0.08$2.01$0.43$0.47$0.03
2018Detailed filing. Detailed filing data is available for this year.$2.16$0.12$2.04$0.38$0.47$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.24$0.11$2.13$0.35$0.46$0.11
2016Detailed filing. Detailed filing data is available for this year.$2.29$0.05$2.24$0.34$0.41$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.36$0.05$2.31$0.41$0.38$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.38$0.10$2.28$0.27$0.39$0.12
2013Detailed filing. Detailed filing data is available for this year.$2.44$0.04$2.40$0.35$0.34$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.16$2.39$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.12$2.47$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$0.13$2.53$0.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$507,087
Mission and Program Overview

Mission

To own and operate a 50-unit apartment project in louisville, kentucky, providing housing for low-income persons

To own and operate a 50-unit apartment project in louisville, kentucky, providing housing for low-income persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,651,249$1,562,152▼ $89,097
Prepaid Expenses and Deferred Charges$16,665$17,054▲ $389
Cash and Non-Interest-Bearing Accounts$6,401$5,269▼ $1,132
Accounts Receivable$4,275$1,741▼ $2,534
Total Assets$1,919,223$1,831,066▼ $88,157
Other Assets Total$240,633$244,850▲ $4,217
Liabilities
Accounts Payable and Accrued Expenses$61,955$52,994▼ $8,961
Escrow Account Liability$18,368$18,849▲ $481
Deferred Revenue$6,718$5,859▼ $859
Other Liabilities$0$129▲ $129
Total Liabilities$87,041$77,831▼ $9,210
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,832,182$1,753,235▼ $78,947
Total Net Assets Fund Balance$1,832,182$1,753,235▼ $78,947
Total Liabilities and Net Assets / Fund Balance$1,919,223$1,831,066▼ $88,157

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,362,152$1,854,291$3,216,443
Land$200,000-$200,000
Other Land Buildings$0$59,938$59,938
Other Assets Org$225,915--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Selena FreemanDirector$133,320$133,320
Elaine WilliamsDirector$78,162$78,162
Terry SteidenDirector$74,710$74,710

Board Members and Trustees

NameTitle
James AlexanderPresident
Kassidi BoeningVice President
Melissa ClaytonVice President
Anyeka WallaceDirector
Bobby ArtisDirector
Joseph RosenblumSecretary
Chad PayneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$275,825
Program Service Revenue
$225,154
Investment Income
$279
Other Revenue
$5,829
Change in Net Assets
$-78,947

Audited Revenue Reconciliation

Revenue per Audited Statements
$507,087
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$10,416
Total Revenue per Audited Statements
$517,503
Total Revenue per Form 990
$507,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$586,034
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$218,510--$218,510
Fees for Services Other$124,225--$124,225
Depreciation Depletion$89,097--$89,097
Fees for Services Management$50,582--$50,582
Office Expenses$17,166--$17,166
Fees for Services Accounting-$15,380-$15,380
Conferences and Meetings$6,037--$6,037
Other Expenses$130--$130
Advertising$10--$10
Total Functional Expenses$570,654$15,380$0$586,034

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$596,450
Expenses per Audited Statements$586,034
Total Expenses per Form 990$586,034
Expenses Not Reported on Form 990$10,416
Expenses Not Reported on Financial Statements$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
Due to Affiliate$129
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The property is managed by mercy housing management group ("mhm"), an affiliate of the corporation, pursuant to a management certification approved by hud. The current management certification provides for a management fee of 9.51 percent of residential receipts, as defined, for managing the operations of the property. Mhm also receives $4 per unit per month for the better buildings challenge as an additional management fee. Management fees for the year ended december 31, 2024 totaled $50,582.

Form 990, Part VI, Section A, Line 6

Sacred heart village iii, inc. Is a nonstock, nonprofit corporation with mercy housing southeast, inc. As the sole member.

Form 990, Part VI, Section A, Line 7A

The board of trustees of mercy housing, inc. Has authority over sacred heart village iii, inc. In various aspects of operations and management. The reserved rights held by the mercy housing board of trustees, which may be further delegated to the president and ceo of mercy housing, inc., include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions; establishment of new entities; pledging, mortgaging or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and appointment or removal of governing board members and officers.

Form 990, Part VI, Section A, Line 7B

SAME AS LINE 7A

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

Each member is given the opportunity to review the return before it is filed.

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

The audit committee of mercy housing, inc. Reviews periodically the conflict of interest disclosures and determines whether any action is required.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sacred Heart Village Iii Inc
EIN
61-1367719
Phone
3038303300
Address
1600 BROADWAY SUITE 2000, DENVER, CO 80202-5704

Signing Officer

Name
Chad Payne
Title
Treasurer
Phone
3038303300
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Alexander
Formed
2000
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Advisory LLC
Address
621 CAPITOL MALL SUITE 2150, SACRAMENTO, CA 95814
Preparer
Jolanta Tuck
Phone
9164429100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Management services: program service expenses 124,225. Management and general expenses 0. Fundraising expenses 0. Total expenses 124,225.

Financial Statement Notes

PART IV, LINE 2B:

The escrow liability amounts on form 990, part x, line 21 consist of tenant security deposits held in trust for the future benefit of tenants upon moving out of the property as required by regulatory authority.

PART X, LINE 2:

The corporation has elected tax-exempt status under section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended december 31, 2024. Due to its tax-exempt status, the corporation is not subject to income taxes. The corporation is required to file, and does file, tax returns with the internal revenue service and other taxing authorities. Management has analyzed the tax positions taken by the corporation and has concluded that, as of december 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. 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. 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 2021 remain open.

Raw XML AppendixShowing 400 of 6,228 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0275825
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0507087
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0279
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0279
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01914229
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01651249
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01562152
IRS990/LandBldgEquipCostOrOtherBssAmt03476381
IRS990/LegalDomicileStateCd0KY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt05439
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt05439
IRS990/MissionDesc0TO OWN AND OPERATE A 50-UNIT APARTMENT PROJECT IN LOUISVILLE, KENTUCKY, PROVIDING HOUSING FOR LOW-INCOME PERSONS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01832182
IRS990/NetAssetsOrFundBalancesEOYAmt01753235
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01832182
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01753235
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0218510
IRS990/OccupancyGrp/TotalAmt0218510
IRS990/OfficeExpensesGrp/ProgramServicesAmt017166
IRS990/OfficeExpensesGrp/TotalAmt017166
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0240633
IRS990/OtherAssetsTotalGrp/EOYAmt0244850
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0RESIDENT SERVICES
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/Desc2TAXES/LICENSES/PERMITS
IRS990/OtherExpensesGrp/ProgramServicesAmt061514
IRS990/OtherExpensesGrp/ProgramServicesAmt13383
IRS990/OtherExpensesGrp/ProgramServicesAmt2130
IRS990/OtherExpensesGrp/TotalAmt061514
IRS990/OtherExpensesGrp/TotalAmt13383
IRS990/OtherExpensesGrp/TotalAmt2130
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0129
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0390
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0390
IRS990/OtherRevenueTotalAmt05829
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016665
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017054
IRS990/PrincipalOfficerNm0JAMES ALEXANDER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0NET RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0225154
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0225154
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0291672
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0121
IRS990/PYOtherExpensesAmt0583427
IRS990/PYOtherRevenueAmt0986
IRS990/PYProgramServiceRevenueAmt0214718
IRS990/PYRevenuesLessExpensesAmt0-75930
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0583427
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0507497
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-78947
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0230983
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY VENDING - 2023 AMOUNT: $ 170. 2024 AMOUNT: $ 390. MISC INCOME - 2023 AMOUNT: $ 816. 2024 AMOUNT: $ 5,439.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0275825
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0291672
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0294178
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0310979
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0293834
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01466488
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0279
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0121
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0943
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01358
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0225154
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0214718
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0203214
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0197441
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0183384
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01023911
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0121
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0943
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01358
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05829
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0986
IRS990ScheduleA/OtherIncome509Grp/TotalAmt06815
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99670
IRS990ScheduleA/PublicSupportPY509Pct00.99910
IRS990ScheduleA/PublicSupportTotal509Amt02490399
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0500979
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0506390
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0497392
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0508420
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0477218
IRS990ScheduleA/Total509Grp/TotalAmt02490399
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0507087
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0507497
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0497400
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0508427
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0478161
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02498572
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01362152
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01854291
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03216443
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt010416
IRS990ScheduleD/DonatedServicesUseFcltsAmt010416
IRS990ScheduleD/ExpensesNotReportedAmt010416
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0586034
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt018935
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1225915
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt059938
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt059938
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0129
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt010416
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0507087
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ESCROW LIABILITY AMOUNTS ON FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS HELD IN TRUST FOR THE FUTURE BENEFIT OF TENANTS UPON MOVING OUT OF THE PROPERTY AS REQUIRED BY REGULATORY AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION HAS ELECTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE, AND DOES FILE, TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 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. 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 2021 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01562152
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0244850
IRS990ScheduleD/TotalExpensesPerForm990Amt0586034
IRS990ScheduleD/TotalLiabilityAmt0129
IRS990ScheduleD/TotalRevenuePerForm990Amt0507087
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0517503
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0596450
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt010000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt25000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt33500

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