Civic Intelligence

St Vincent'S Housing Development Fund Company Inc

990 • Fiscal year 2018 • EIN 62-1775418

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 02, 2019

Organization ProfileN/A
150 Brielle AvenueStaten Island, NY 10314-6424

(718) 477-6803

Siviq Scores

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

Liabilities / Assets

15th percentile

0.04x

Higher debt load relative to assets than 15% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

20th percentile

0.26x

Higher debt load relative to revenue than 20% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Net Margin

33rd percentile

-14%

Higher net margin than 33% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

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

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Asset Growth

50th percentile

-1.6%

Faster asset growth than 50% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

12%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets15th percentile

Assets

Down

$5,285,311

Down $86,911 (-1.6%) from 2017

Net Assets

Down

$5,069,837

Down $119,023 (-2.3%) from 2017

Liabilities

Up

$215,474

Up $32,112 (+18%) from 2017

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin33rd percentile

Revenue

Up

$828,165

Up $87,214 (+12%) from 2017

Expenses

Up

$942,404

Up $73,435 (+8.5%) from 2017

Net Income

Up

-$114,239

Up $13,779 (+11%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $6,271,116Liabilities 2010: $211,291Net Assets 2010: $6,059,8252010Assets 2011: $6,162,892Liabilities 2011: $220,911Net Assets 2011: $5,941,9812011Assets 2012: $6,038,562Liabilities 2012: $233,713Net Assets 2012: $5,804,8492012Assets 2013: $5,859,573Liabilities 2013: $236,721Net Assets 2013: $5,622,8522013Assets 2014: $5,668,816Liabilities 2014: $150,035Net Assets 2014: $5,518,7812014Assets 2015: $5,581,608Liabilities 2015: $158,028Net Assets 2015: $5,423,5802015Assets 2016: $5,465,459Liabilities 2016: $157,962Net Assets 2016: $5,307,4972016Assets 2017: $5,372,222Liabilities 2017: $183,362Net Assets 2017: $5,188,8602017Assets 2018: $5,285,311Liabilities 2018: $215,474Net Assets 2018: $5,069,8372018Assets 2019: $5,215,877Liabilities 2019: $201,324Net Assets 2019: $5,014,5532019Assets 2020: $5,099,585Liabilities 2020: $178,080Net Assets 2020: $4,921,5052020Assets 2021: $4,848,893Liabilities 2021: $180,059Net Assets 2021: $4,668,8342021Assets 2022: $4,733,264Liabilities 2022: $170,924Net Assets 2022: $4,562,3402022Assets 2023: $4,776,698Liabilities 2023: $268,168Net Assets 2023: $4,508,5302023Assets 2024: $4,732,342Liabilities 2024: $306,276Net Assets 2024: $4,426,0662024

Highlighted filing

2018

Assets$5,285,311
Liabilities$215,474
Net Assets$5,069,837
Open 2018 Filing

Operations Trend

Revenue Growth77th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $740,4252010Expenses 2011: $760,3172011Expenses 2012: $778,5752012Revenue 2013: $655,963Expenses 2013: $807,035Net Income 2013: -$151,0722013Revenue 2014: $687,855Expenses 2014: $813,327Net Income 2014: -$125,4722014Revenue 2015: $698,913Expenses 2015: $800,436Net Income 2015: -$101,5232015Revenue 2016: $701,221Expenses 2016: $809,947Net Income 2016: -$108,7262016Revenue 2017: $740,951Expenses 2017: $868,969Net Income 2017: -$128,0182017Revenue 2018: $828,165Expenses 2018: $942,404Net Income 2018: -$114,2392018Revenue 2019: $893,850Expenses 2019: $965,734Net Income 2019: -$71,8842019Revenue 2020: $883,993Expenses 2020: $979,726Net Income 2020: -$95,7332020Revenue 2021: $882,748Expenses 2021: $1,111,366Net Income 2021: -$228,6182021Revenue 2022: $1,060,524Expenses 2022: $1,109,681Net Income 2022: -$49,1572022Revenue 2023: $1,154,704Expenses 2023: $1,227,232Net Income 2023: -$72,5282023Revenue 2024: $1,271,164Expenses 2024: $1,349,659Net Income 2024: -$78,4952024

Highlighted filing

2018

Revenue$828,165
Expenses$942,404
Net Income-$114,239
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 2, 2019
Return Version
2018v3.1
Gross Receipts
$977,704
Mission and Program Overview

Mission

To provide housing and related services to the poor elderly on a nonprofit basis.

Own and operate a hud-financed multifamily project for the elderly on a nonprofit basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,513,975$4,362,814▼ $151,161
Cash and Non-Interest-Bearing Accounts$57,827$102,951▲ $45,124
Prepaid Expenses and Deferred Charges$123,881$77,561▼ $46,320
Accounts Receivable$43,522$4,156▼ $39,366
Total Assets$5,372,222$5,285,311▼ $86,911
Other Assets Total$633,017$737,829▲ $104,812
Liabilities
Accounts Payable and Accrued Expenses$104,053$136,549▲ $32,496
Other Liabilities$77,217$77,826▲ $609
Deferred Revenue$2,092$1,099▼ $993
Total Liabilities$183,362$215,474▲ $32,112
Net Assets / Fund Balance
Unrestricted Net Assets$5,188,860$5,069,837▼ $119,023
Total Net Assets Fund Balance$5,188,860$5,069,837▼ $119,023
Total Liabilities and Net Assets / Fund Balance$5,372,222$5,285,311▼ $86,911

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,013,521$3,121,279$7,134,800
Land$326,118-$326,118
Other Land Buildings$23,175$112,459$135,634
Other Assets Org$100,458--
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
Brian F Doran EsqChairperson
Dianne PowersDirector
Dr Pankaj PatelDirector
Joan CatalanoDirector
Katherine ConnorsDirector
Rev Melodee BottariDirector
Sr Dominica Rocchio ScDirector
Sr Eileen Walsh Sc RnDirector
Sr Shiela Brosnan ScDirector
Sr Donna Dodge ScChief Executive Officer
Susan LamertiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$808,834
Investment Income
$17,293
Other Revenue
$2,038
Change in Net Assets
$-114,239

Audited Revenue Reconciliation

Revenue per Audited Statements
$828,165
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$6,016
Total Revenue per Audited Statements
$834,181
Total Revenue per Form 990
$828,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$770,247
Salaries, Compensation, and Employee Benefits$172,157
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$183,672--$183,672
Other Salaries and Wages$125,070$18,914-$143,984
Occupancy$87,354--$87,354
Fees for Services Management-$62,874-$62,874
Insurance$43,160--$43,160
Other Employee Benefits$22,132--$22,132
All Other Expenses$19,134$264-$19,398
Fees for Services Accounting-$18,400-$18,400
Other Expenses$85,995$14,793-$14,793
Office Expenses-$9,984-$9,984
Payroll Taxes$6,041--$6,041
Total Functional Expenses$817,175$125,229$0$942,404

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$953,204
Expenses per Audited Statements$942,404
Total Expenses per Form 990$942,404
Expenses Not Reported on Form 990$10,800
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 Sponsor$63,061
Tenant Security Deposits Payable$14,765
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 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
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The project entered into a contract with an independent management company which handles the operation of the building, all building related services, all tenant needs and services, as well as all legal, financial and other matters. All salaries are paid through this independent management company which files all related payroll tax returns.”

Form 990, Part VI, Section A, Line 6

“The organization has a sole corporate member, which is also a tax exempt entity.”

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

“The sole corporate member has the ability to elect the board of directors.”

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

“The sole corporate member has the right to review decisions covering significant events or decisions made by the board, should there be the need.”

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

“The organization distributes a draft copy of the irs form 990 to its board members to review; who are then provided an opportunity to make comments or inquiries. Appropriate responses are given to their satisfaction. The board approves the filing of the form at a meeting held prior to its due date.”

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

“Annual updates requested in writing from board members and key people.”

Form 990, Part VI, Section B, Line 15

“No board members or officers receive any compensation.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are made available upon request on an as needed basis as determined by the board of directors.”

FORM 990, PART VII, SECTION A, COLUMN B:

“The board of directors perform goverance and other services throughout the year for the housing entities listed in schedule r, part ii, for no compensation. The hours listed on page 7, part vii, section a, column b, are estimates of the average weekly combined hours worked on all of these entities.”

Filing and Contact Details

Filer

Filer Name
ST VINCENT'S HOUSING DEVELOPMENT FUND
EIN
62-1775418
Phone
7184776803
Address
150 BRIELLE AVENUE, STATEN ISLAND, NY 10314-6424

Signing Officer

Name
Sr Donna Dodge
Title
Chief Executive Officer
Phone
7184776803
Signed
2019-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sr Donna Dodge
Formed
1999
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
D'ARCANGELO & CO LLP
Address
800 WESTCHESTER AVE SUITE N-400, RYE BROOK, NY 10573-1301
Preparer
Vincent P Pancaldo
Phone
9146944600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has annual board meetings to review and approve the audited financial statements. The board also approves the selection of an independent accountant.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Superintendent's apartment allowance 10,800.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Superintendent's apartment allowance 10,800.”

Raw XML AppendixShowing 400 of 603 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/NetAssetsOrFundBalancesBOYAmt05188860
IRS990/NetAssetsOrFundBalancesEOYAmt05069837
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0511
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0511
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-4784
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt087354
IRS990/OccupancyGrp/TotalAmt087354
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09984
IRS990/OfficeExpensesGrp/TotalAmt09984
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0633017
IRS990/OtherAssetsTotalGrp/EOYAmt0737829
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022132
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022132
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1SECURITY CONTRACT
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BOOKKEEPING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014793
IRS990/OtherExpensesGrp/ProgramServicesAmt0140591
IRS990/OtherExpensesGrp/ProgramServicesAmt1104026
IRS990/OtherExpensesGrp/ProgramServicesAmt285995
IRS990/OtherExpensesGrp/TotalAmt0140591
IRS990/OtherExpensesGrp/TotalAmt1104026
IRS990/OtherExpensesGrp/TotalAmt285995
IRS990/OtherExpensesGrp/TotalAmt314793
IRS990/OtherLiabilitiesGrp/BOYAmt077217
IRS990/OtherLiabilitiesGrp/EOYAmt077826
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY
IRS990/OtherRevenueMiscGrp/Desc1MISC. INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01560
IRS990/OtherRevenueMiscGrp/ExclusionAmt1478
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01560
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1478
IRS990/OtherRevenueTotalAmt02038
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt018914
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0125070
IRS990/OtherSalariesAndWagesGrp/TotalAmt0143984
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt06041
IRS990/PayrollTaxesGrp/TotalAmt06041
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0123881
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt077561
IRS990/PrincipalOfficerNm0SR DONNA DODGE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0649535
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1159299
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0649535
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1159299
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014126
IRS990/PYOtherExpensesAmt0727881
IRS990/PYOtherRevenueAmt01629
IRS990/PYProgramServiceRevenueAmt0725196
IRS990/PYRevenuesLessExpensesAmt0-128018
IRS990/PYSalariesCompEmpBnftPaidAmt0141088
IRS990/PYTotalExpensesAmt0868969
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0740951
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-114239
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0808834
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt017293
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt014126
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt012346
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt010988
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09640
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt064393
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0808834
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0725196
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0687062
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0685277
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0676061
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03582430
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt017293
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt014126
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt012346
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt010988
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09640
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt064393
IRS990ScheduleA/InvestmentIncomeCYPct00.01760
IRS990ScheduleA/InvestmentIncomePYPct00.01560
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02038
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01629
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01813
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02648
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02154
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010282
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97960
IRS990ScheduleA/PublicSupportPY509Pct00.98110
IRS990ScheduleA/PublicSupportTotal509Amt03582430
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0808834
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0725196
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0687062
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0685277
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0676061
IRS990ScheduleA/Total509Grp/TotalAmt03582430
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0828165
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0740951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0701221
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0698913
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0687855
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03657105
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04013521
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03121279
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07134800
IRS990ScheduleD/ExpensesNotReportedAmt010800
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0942404
IRS990ScheduleD/LandGrp/BookValueAmt0326118
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0326118
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-4784
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014765
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1622606
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2100458
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt010800
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt023175
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0112459
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0135634
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt063061
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114765
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SPONSOR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherRevenueAmt010800
IRS990ScheduleD/RevenueNotReportedAmt06016
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0828165
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SUPERINTENDENT'S APARTMENT ALLOWANCE 10,800.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SUPERINTENDENT'S APARTMENT ALLOWANCE 10,800.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04362814
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0737829
IRS990ScheduleD/TotalExpensesPerForm990Amt0942404
IRS990ScheduleD/TotalLiabilityAmt077826
IRS990ScheduleD/TotalRevenuePerForm990Amt0828165
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0834181
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0953204
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT ENTERED INTO A CONTRACT WITH AN INDEPENDENT MANAGEMENT COMPANY WHICH HANDLES THE OPERATION OF THE BUILDING, ALL BUILDING RELATED SERVICES, ALL TENANT NEEDS AND SERVICES, AS WELL AS ALL LEGAL, FINANCIAL AND OTHER MATTERS. ALL SALARIES ARE PAID THROUGH THIS INDEPENDENT MANAGEMENT COMPANY WHICH FILES ALL RELATED PAYROLL TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A SOLE CORPORATE MEMBER, WHICH IS ALSO A TAX EXEMPT ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE CORPORATE MEMBER HAS THE ABILITY TO ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SOLE CORPORATE MEMBER HAS THE RIGHT TO REVIEW DECISIONS COVERING SIGNIFICANT EVENTS OR DECISIONS MADE BY THE BOARD, SHOULD THERE BE THE NEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DISTRIBUTES A DRAFT COPY OF THE IRS FORM 990 TO ITS BOARD MEMBERS TO REVIEW; WHO ARE THEN PROVIDED AN OPPORTUNITY TO MAKE COMMENTS OR INQUIRIES. APPROPRIATE RESPONSES ARE GIVEN TO THEIR SATISFACTION. THE BOARD APPROVES THE FILING OF THE FORM AT A MEETING HELD PRIOR TO ITS DUE DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUAL UPDATES REQUESTED IN WRITING FROM BOARD MEMBERS AND KEY PEOPLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO BOARD MEMBERS OR OFFICERS RECEIVE ANY COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST ON AN AS NEEDED BASIS AS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD OF DIRECTORS PERFORM GOVERANCE AND OTHER SERVICES THROUGHOUT THE YEAR FOR THE HOUSING ENTITIES LISTED IN SCHEDULE R, PART II, FOR NO COMPENSATION. THE HOURS LISTED ON PAGE 7, PART VII, SECTION A, COLUMN B, ARE ESTIMATES OF THE AVERAGE WEEKLY COMBINED HOURS WORKED ON ALL OF THESE ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE ORGANIZATION HAS ANNUAL BOARD MEETINGS TO REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS. THE BOARD ALSO APPROVES THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,285,311
Liabilities
$215,474
Net assets
$5,069,837
Revenue
$828,165
Expenses
$942,404
Net income
-$114,239
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.73$0.31$4.43$1.27$1.35$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.78$0.27$4.51$1.15$1.23$0.07
2022Detailed filing. Detailed filing data is available for this year.$4.73$0.17$4.56$1.06$1.11$0.05
2021Detailed filing. Detailed filing data is available for this year.$4.85$0.18$4.67$0.88$1.11$0.23
2020Detailed filing. Detailed filing data is available for this year.$5.10$0.18$4.92$0.88$0.98$0.10
2019Detailed filing. Detailed filing data is available for this year.$5.22$0.20$5.01$0.89$0.97$0.07
2018Detailed filing. Detailed filing data is available for this year.$5.29$0.22$5.07$0.83$0.94$0.11
2017Detailed filing. Detailed filing data is available for this year.$5.37$0.18$5.19$0.74$0.87$0.13
2016Detailed filing. Detailed filing data is available for this year.$5.47$0.16$5.31$0.70$0.81$0.11
2015Detailed filing. Detailed filing data is available for this year.$5.58$0.16$5.42$0.70$0.80$0.10
2014Detailed filing. Detailed filing data is available for this year.$5.67$0.15$5.52$0.69$0.81$0.13
2013Detailed filing. Detailed filing data is available for this year.$5.86$0.24$5.62$0.66$0.81$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.04$0.23$5.80$0.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.16$0.22$5.94$0.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.27$0.21$6.06$0.74