Civic Intelligence

Villa Assumpta Inc.

990 • Fiscal year 2015 • EIN 65-0233825

Jul 01, 2014 to Jun 30, 2015 • Filed on Sep 22, 2015

Organization ProfileN/A
9995 N Military TrailPalm Beach Gardens, FL 33410

(561) 775-9516

Siviq Scores

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

Liabilities / Assets

28th percentile

0.02x

Higher debt load relative to assets than 28% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

47th percentile

0.09x

Higher debt load relative to revenue than 47% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

11th percentile

-27%

Higher net margin than 11% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

24th percentile

-4.6%

Faster asset growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

55th percentile

5.4%

Faster revenue growth than 55% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets28th percentile

Assets

Down

$3,236,090

Down $155,198 (-4.6%) from 2014

Net Assets

Down

$3,181,810

Down $156,802 (-4.7%) from 2014

Liabilities

Up

$54,280

Up $1,604 (+3.0%) from 2014

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin11th percentile

Revenue

Up

$591,698

Up $30,274 (+5.4%) from 2014

Expenses

Down

$748,500

Down $1,655 (-0.2%) from 2014

Net Income

Up

-$156,802

Up $31,929 (+17%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,938,256Liabilities 2011: $75,453Net Assets 2011: $3,862,8032011Assets 2012: $3,784,549Liabilities 2012: $74,427Net Assets 2012: $3,710,1222012Assets 2013: $3,546,945Liabilities 2013: $55,042Net Assets 2013: $3,491,9032013Assets 2014: $3,391,288Liabilities 2014: $52,676Net Assets 2014: $3,338,6122014Assets 2015: $3,236,090Liabilities 2015: $54,280Net Assets 2015: $3,181,8102015Assets 2016: $3,054,001Liabilities 2016: $48,549Net Assets 2016: $3,005,4522016Assets 2017: $2,934,944Liabilities 2017: $50,755Net Assets 2017: $2,884,1892017Assets 2018: $2,813,219Liabilities 2018: $50,243Net Assets 2018: $2,762,9762018Assets 2019: $2,698,823Liabilities 2019: $51,266Net Assets 2019: $2,647,5572019Assets 2020: $2,609,904Liabilities 2020: $52,178Net Assets 2020: $2,557,7262020Assets 2021: $2,546,589Liabilities 2021: $62,616Net Assets 2021: $2,483,9732021Assets 2022: $2,372,227Liabilities 2022: $45,065Net Assets 2022: $2,327,1622022Assets 2023: $2,170,453Liabilities 2023: $155,475Net Assets 2023: $2,014,9782023Assets 2024: $2,101,356Liabilities 2024: $56,797Net Assets 2024: $2,044,5592024Assets 2025: $2,252,838Liabilities 2025: $83,685Net Assets 2025: $2,169,1532025

Highlighted filing

2015

Assets$3,236,090
Liabilities$54,280
Net Assets$3,181,810
Open 2015 Filing

Operations Trend

Revenue Growth55th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $518,895Expenses 2011: $685,625Net Income 2011: -$166,7302011Revenue 2012: $540,920Expenses 2012: $693,601Net Income 2012: -$152,6812012Revenue 2013: $516,673Expenses 2013: $755,602Net Income 2013: -$238,9292013Revenue 2014: $561,424Expenses 2014: $750,155Net Income 2014: -$188,7312014Revenue 2015: $591,698Expenses 2015: $748,500Net Income 2015: -$156,8022015Revenue 2016: $585,010Expenses 2016: $761,368Net Income 2016: -$176,3582016Revenue 2017: $606,710Expenses 2017: $720,242Net Income 2017: -$113,5322017Revenue 2018: $634,337Expenses 2018: $750,682Net Income 2018: -$116,3452018Revenue 2019: $653,332Expenses 2019: $770,670Net Income 2019: -$117,3382019Revenue 2020: $649,125Expenses 2020: $740,030Net Income 2020: -$90,9052020Revenue 2021: $782,391Expenses 2021: $855,562Net Income 2021: -$73,1712021Revenue 2022: $767,476Expenses 2022: $924,035Net Income 2022: -$156,5592022Revenue 2023: $822,053Expenses 2023: $1,133,841Net Income 2023: -$311,7882023Revenue 2024: $1,039,313Expenses 2024: $1,008,694Net Income 2024: $30,6192024Revenue 2025: $1,240,691Expenses 2025: $1,116,097Net Income 2025: $124,5942025

Highlighted filing

2015

Revenue$591,698
Expenses$748,500
Net Income-$156,802
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Sep 22, 2015
Return Version
2014v5.0
Gross Receipts
$591,698
Mission and Program Overview

Mission

To provide housing for elderly families and individuals of very low income.

Housing for the elderly with low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,967,460$2,798,437▼ $169,023
Investments in Publicly Traded Securities$360,544$351,970▼ $8,574
Investments Other Securities$16,769$45,513▲ $28,744
Cash and Non-Interest-Bearing Accounts$8,198$10,117▲ $1,919
Accounts Receivable-$193-
Total Assets$3,391,288$3,236,090▼ $155,198
Other Assets Total$38,317$29,860▼ $8,457
Liabilities
Other Liabilities$30,689$30,811▲ $122
Accounts Payable and Accrued Expenses$21,987$23,469▲ $1,482
Total Liabilities$52,676$54,280▲ $1,604
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,020,900$5,020,900→ $0
Unrestricted Net Assets$-1,682,288$-1,839,090▼ $156,802
Total Net Assets Fund Balance$3,338,612$3,181,810▼ $156,802
Total Liabilities and Net Assets / Fund Balance$3,391,288$3,236,090▼ $155,198

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,243,762$2,566,966$4,810,728
Land$500,000-$500,000
Other Land Buildings$28,653$285,105$313,758
Equipment$26,022$152,377$178,399
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Father Richard MurphyPresident
Kevin McginleyVice President
Joseph CoakleyDirector
Joseph IerardiDirector
Martin SerraesDirector
Father Clemens B HammerschmittAdvisor, Non Voting
Father Edmund SzpiegAdvisor, Non Voting
Father James MolganoAdvisor, Non Voting
Father Tomasz MakowskiAdvisor, Non Voting
Thomas Courtney EsqEx-officio, Non Voting
Pam BloorSecretary
Denis HamelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$300,461
Program Service Revenue
$270,776
Investment Income
$7,917
Other Revenue
$12,544
Change in Net Assets
$-156,802

Audited Revenue Reconciliation

Revenue per Audited Statements
$591,698
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$591,698
Total Revenue per Form 990
$591,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$499,570
Salaries, Compensation, and Employee Benefits$248,930
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$83,344$122,815-$206,159
Depreciation Depletion$169,023--$169,023
Insurance$107,737--$107,737
Fees for Services Management-$56,768-$56,768
Office Expenses$30,301$22,208-$52,509
Other Employee Benefits$12,663$15,688-$28,351
Fees for Services Accounting-$15,995-$15,995
Payroll Taxes$6,441$7,979-$14,420
Other Expenses$14,086--$14,086
All Other Expenses$2,811--$2,811
Fees for Services Legal-$192-$192
Total Functional Expenses$506,855$241,645$0$748,500

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$748,500
Total Expenses per Audited Statements$748,500
Total Expenses per Form 990$748,500
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'S SECURITY DEPOSITS$30,811
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Effective december 1, 2014, the corporation entered into a management agreement (the agreement) with spm, llc (spm) whereby spm provides management and other administrative services to the corporation through november 30, 2019. Management fees to spm for the year ended june 30, 2015 of $56,768 are included in administrative expenses in the accompanying statement of activities. The applicable percentage fee per the agreement is 9.75%. In addition, spm provides accounting and other services to the corporation. Fees for these services totaled approximately $8,000 for the year ended june 30, 2015.”

Form 990, Part VI, Section B, Line 11

“All voting board members were provided a copy of form 990 for review prior to filing.”

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

“All voting board members are required to return a signed statement signifying approval annually.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Villa Assumpta Inc
EIN
65-0233825
Phone
5617759516
Address
9995 N MILITARY TRAIL, PALM BEACH GARDENS, FL 33410

Signing Officer

Name
Rev Richard Murphy
Title
President
Phone
5617759516
Signed
2015-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Richard Murphy
Formed
1992
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
0

Preparer

Firm
Templeton & Company Llp
Address
222 LAKEVIEW AVENUE SUITE 1200, WEST PALM BEACH, FL 33401
Preparer
Richard Juback
Phone
5617989988
Supplemental Narrative

Additional Explanations

FORM 9990, PART XII, LINE 2C:

“The corporation's oversight policy has not changed.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income taxes as an organization described in section 501(c)(3) of the internal revenue code. Management analyzes tax positions in jurisdictions where it is required to file income tax returns. Based on its evaluation, management did not identify any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease. Interest and penalties attributable to income taxes, if any, are included in operating expenses. No such interest or penalties were recorded for the year ended june 30, 2015. The corporation is no longer subject to income tax examinations for fiscal years prior to 2012.”

Raw XML AppendixShowing 400 of 535 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/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015688
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012663
IRS990/OtherEmployeeBenefitsGrp/TotalAmt028351
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1OPER & MAINT CONTRACTS
IRS990/OtherExpensesGrp/Desc2REFUSE COLLECTION
IRS990/OtherExpensesGrp/Desc3OPER & MAINT EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt033127
IRS990/OtherExpensesGrp/ProgramServicesAmt132730
IRS990/OtherExpensesGrp/ProgramServicesAmt214592
IRS990/OtherExpensesGrp/ProgramServicesAmt314086
IRS990/OtherExpensesGrp/TotalAmt033127
IRS990/OtherExpensesGrp/TotalAmt132730
IRS990/OtherExpensesGrp/TotalAmt214592
IRS990/OtherExpensesGrp/TotalAmt314086
IRS990/OtherLiabilitiesGrp/BOYAmt030689
IRS990/OtherLiabilitiesGrp/EOYAmt030811
IRS990/OtherRevenueMiscGrp/BusinessCd0812300
IRS990/OtherRevenueMiscGrp/BusinessCd1812900
IRS990/OtherRevenueMiscGrp/Desc0COIN LAUNDRY
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08807
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt13737
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08807
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13737
IRS990/OtherRevenueTotalAmt012544
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0122815
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt083344
IRS990/OtherSalariesAndWagesGrp/TotalAmt0206159
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07979
IRS990/PayrollTaxesGrp/ProgramServicesAmt06441
IRS990/PayrollTaxesGrp/TotalAmt014420
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0REV RICHARD MURPHY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0270776
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0270776
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0284528
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0502203
IRS990/PYOtherRevenueAmt016595
IRS990/PYProgramServiceRevenueAmt0260301
IRS990/PYRevenuesLessExpensesAmt0-188731
IRS990/PYSalariesCompEmpBnftPaidAmt0247952
IRS990/PYTotalExpensesAmt0750155
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0561424
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-156802
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0283320
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0300461
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0284528
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0252623
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0254962
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0235627
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01328201
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07917
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt021237
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt013641
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt049810
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0270776
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0260301
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0264232
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0261188
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0266538
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01323035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07917
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt021237
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt013641
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt049810
IRS990ScheduleA/InvestmentIncomeCYPct00.01830
IRS990ScheduleA/InvestmentIncomePYPct00.02190
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt08807
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt07275
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt04298
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03533
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03089
IRS990ScheduleA/OtherIncome509Grp/TotalAmt027002
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97180
IRS990ScheduleA/PublicSupportPY509Pct00.96970
IRS990ScheduleA/PublicSupportTotal509Amt02651236
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0571237
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0544829
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0516855
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0516150
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0502165
IRS990ScheduleA/Total509Grp/TotalAmt02651236
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0587961
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0559119
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0521153
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0540920
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0518895
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02728048
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/BookValueAmt02243762
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02566966
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04810728
IRS990ScheduleD/EquipmentGrp/BookValueAmt026022
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0152377
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0178399
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0748500
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0500000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0500000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt028653
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0285105
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0313758
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030811
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT'S SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0591698
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. BASED ON ITS EVALUATION, MANAGEMENT DID NOT IDENTIFY ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE YEAR ENDED JUNE 30, 2015. THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02798437
IRS990ScheduleD/TotalExpensesPerForm990Amt0748500
IRS990ScheduleD/TotalLiabilityAmt030811
IRS990ScheduleD/TotalRevenuePerForm990Amt0591698
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0591698
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0748500
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE DECEMBER 1, 2014, THE CORPORATION ENTERED INTO A MANAGEMENT AGREEMENT (THE AGREEMENT) WITH SPM, LLC (SPM) WHEREBY SPM PROVIDES MANAGEMENT AND OTHER ADMINISTRATIVE SERVICES TO THE CORPORATION THROUGH NOVEMBER 30, 2019. MANAGEMENT FEES TO SPM FOR THE YEAR ENDED JUNE 30, 2015 OF $56,768 ARE INCLUDED IN ADMINISTRATIVE EXPENSES IN THE ACCOMPANYING STATEMENT OF ACTIVITIES. THE APPLICABLE PERCENTAGE FEE PER THE AGREEMENT IS 9.75%. IN ADDITION, SPM PROVIDES ACCOUNTING AND OTHER SERVICES TO THE CORPORATION. FEES FOR THESE SERVICES TOTALED APPROXIMATELY $8,000 FOR THE YEAR ENDED JUNE 30, 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL VOTING BOARD MEMBERS WERE PROVIDED A COPY OF FORM 990 FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL VOTING BOARD MEMBERS ARE REQUIRED TO RETURN A SIGNED STATEMENT SIGNIFYING APPROVAL ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CORPORATION'S OVERSIGHT POLICY HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 9990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,236,090
Liabilities
$54,280
Net assets
$3,181,810
Revenue
$591,698
Expenses
$748,500
Net income
-$156,802
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.25$0.08$2.17$1.24$1.12$0.12
2024Detailed filing. Detailed filing data is available for this year.$2.10$0.06$2.04$1.04$1.01$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.17$0.16$2.01$0.82$1.13$0.31
2022Detailed filing. Detailed filing data is available for this year.$2.37$0.05$2.33$0.77$0.92$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.55$0.06$2.48$0.78$0.86$0.07
2020Detailed filing. Detailed filing data is available for this year.$2.61$0.05$2.56$0.65$0.74$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.70$0.05$2.65$0.65$0.77$0.12
2018Detailed filing. Detailed filing data is available for this year.$2.81$0.05$2.76$0.63$0.75$0.12
2017Detailed filing. Detailed filing data is available for this year.$2.93$0.05$2.88$0.61$0.72$0.11
2016Detailed filing. Detailed filing data is available for this year.$3.05$0.05$3.01$0.59$0.76$0.18
2015Detailed filing. Detailed filing data is available for this year.$3.24$0.05$3.18$0.59$0.75$0.16
2014Summary only. Only limited summary data is available for this year.$3.39$0.05$3.34$0.56$0.75$0.19
2013Summary only. Only limited summary data is available for this year.$3.55$0.06$3.49$0.52$0.76$0.24
2012Summary only. Only limited summary data is available for this year.$3.78$0.07$3.71$0.54$0.69$0.15
2011Summary only. Only limited summary data is available for this year.$3.94$0.08$3.86$0.52$0.69$0.17